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Toorak Connect Achieves $5 Billion in Facilitated Loans

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— AI Powered Loan Funding Platform Provides Improved and Expanded Data, Resulting in Enhanced Credit Decisioning — — Proprietary Technology Has Eliminated 57,000+ Work Hours Since 2022 — Toorak Capital Partners (“Toorak”), a tech-enabled investment manager of business purpose mortgage loans, announced its AI and machine-learning (ML) powered loan review system Toorak Connect has completed $5 billion in facilitated loans. Toorak Connect provides an enhanced dataset produced through Toorak’s proprietary loan risk scoring model,

Redfin Reports Near-Record Housing Costs Put a Lid on Pending Sales, Even as Early-Stage Demand Picks Up

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House hunters are touring homes and applying for mortgages as rates stay below 7%, but prospective buyers aren’t always following through with a purchase The typical U.S. homebuyer’s monthly housing payment is $2,793, just a few dollars shy of the all-time high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing payments are sky-high because sale prices keep rising and mortgage rates remain high. The median home-sale

ICE First Look at Mortgage Performance

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Mortgage Delinquencies Continue to Slowly Rise with FHA Performance in the Spotlight Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, reports the following “first look” at February 2025 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Data as of Feb. 28, 2025Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure):

Sibi Welcomes Marcus Ridgway to Board of Directors, Leading Innovation in Real Estate and Supply Chains

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Sibi, the platform redefining supply chain technology, is proud to announce the addition of Marcus Ridgway to its Board of Directors. Known for reshaping real estate investment through his current initiatives at Forever 6 and BLVD Homes, Ridgway’s visionary approach to optimizing operations aligns with Sibi’s commitment to streamlining procurement and asset management. As the former COO and co-founder of Invitation Homes (NYSE: INVH) and co-founder of Roots Management, Ridgway has a proven

Kiavi Named “Best Real Estate Investment Platform” by FinTech Breakthrough

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Tech-enabled lender recognized by prestigious awards program for its unique application of data, AI/ML models, and technology to revolutionize the financing experience for real estate investors nationwide Kiavi, a leading tech-enabled capital provider to residential real estate investors, announced it won the “Best Real Estate Investment Platform” award in the 9th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies, and products

HOME FLIPPING DECLINES AGAIN ACROSS U.S. IN 2024 AS PROFITS REMAIN LOW

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Flipping Activity by Investors Drops for Second Straight Year, Down 32 Percent Over That Time; Investment Returns Inch Upward but Still Sit Near Low Point Over Past Decade; Almost Two-Thirds of Flipped Homes Purchased with Cash ATTOM, a leading curator of land, property data, and real estate analytics, released its year-end 2024 U.S. Home Flipping Report, which shows that 297,885 single-family homes and condos in the United States were flipped in 2024. That

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