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News Updates

RCN Capital Surpasses 10,000 Loans Funded

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Origination Milestone Confirms Company’s Strength in the Private Lending Industry RCN Capital, a leading nationwide private lender specializing in providing financing for real estate investors, announced that it has funded over 10,000 loans since its inception in 2010, affirming the company as an influential lender in the space. This is the second funding milestone RCN Capital has reached in 2021. RCN, which offers financing for short-term fix & flip projects,

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Redwood Trust Announces Expansion Of Leadership Team

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Brooke Carillo To Join As Chief Financial Officer Redwood Trust, Inc.(NYSE: RWT), a leader in expanding access to housing for homebuyers and renters, announced that Brooke Carillo will join Redwood to serve as its next Chief Financial Officer.  Ms. Carillo is expected to start at Redwood in May 2021 and will report to Redwood’s Chief Executive Officer, Chris Abate.  Mr. Abate stated, “We are very pleased to welcome Brooke to Redwood. She brings to us

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Court Strikes Down Eviction Ban

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U.S. District Court Judge Dabney L. Friedrich of the District of Columbia struck down a nationwide eviction moratorium Wednesday, calling it unlawful. Friedrich’s ruling applies nationwide. The eviction ban was put in place last year by the Trump administration using public health powers granted to the Centers for Disease Control and Prevention during health emergencies. The ban was most recently extended by President Biden through the end of June. In her

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MOST DISTRESSED PROPERTY BUYERS ARE LOCAL INVESTORS REHABBING AND RESELLING TO OWNER-OCCUPANTS

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87 percent purchased five or fewer investment homes in 2020 78 percent purchase most investment properties within driving distance 62 percent rent occupied properties back to current occupants Auction.com, the nation’s leading distressed real estate marketplace, released its 2021 Buyer Insights Report, which shows that more than three out of every four distressed property buyers are local investors and nearly nine in 10 buyers purchased five or fewer investment properties

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Top 5 Best Days To Sell A Home Occur In May According To New ATTOM Analysis

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Home sales over last ten years prove spring and summer months offer best premiums; Home sellers on average realize 8.8 percent premium above market value ATTOM Data Solutions, curator of the nation’s premier property database, released its annual analysis of the best days of the year to sell a home, which shows that the months of May and June offer the greatest home seller premiums – with ten of the best days

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Black Knight: Inflow of New Mortgage Delinquencies Drops to Record Low in March; April Payment Data Suggests Further Improvement Likely

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– 217,000 homeowners became past due on their mortgages in March, the lowest such delinquency inflow of any month on record – At the same time, cures spiked in the month as a variety of calendar and economy-driven factors resulted in the second largest delinquency rate decline ever recorded – The number of loans 30 days past due fell 34% from February and 50% from the same time last year

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