News Updates

Roc360 Announces Latest Residential Transitional Loan Securitization, Rated by DBRS Morningstar

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Roc360, a leader in real estate financing solutions, is pleased to announce the successful closing of its second residential transitional loan (RTL) securitization, Roc Mortgage Trust 2024-RTL1. Structured to support professional investors in the residential market, the transaction highlights Roc360’s ongoing commitment to scalable, high-performance financing solutions. The securitization, totaling $237.5 million in mortgage-backed notes, was rated by DBRS Morningstar. As a revolving securitization, the transaction allows for the addition of new

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San Jose, CA, Los Angeles and San Diego have the highest shares of renter households, while Cape Coral, FL, Charleston, SC and Columbia, SC have the lowest The number of renter households rose 2.7%, in the third quarter year over year, to a record 45.6 million. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That rate of growth is three times faster than the 0.9% increase

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CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for September 2024. U.S. home price growth continued to cool, slowing to 3.4% year-over-year in September. Compared with the month prior, home prices rebounded to post a very slight uptick (0.02%) following months of modest monthly declines. Taken together, home price levels have been relatively flat since late summer. Besides the uncertainty

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CoreVest American Finance Lender, LLC (“CoreVest”), a leading lender to residential real estate investors nationwide and a division of Redwood Trust, Inc. (“Redwood”), is pleased to announce the promotion of Fred Matera to Chief Executive Officer. A tenured leader at Redwood, Fred has served as CoreVest’s Co-Head for the last year and has been an integral part of Redwood’s leadership team since 2019. In his new role, Fred will continue

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New-construction homes are making up a smaller portion of total inventory as builders back off and more homeowners list their houses for sale Newly built homes made up 28% of single-family homes for sale nationwide in the third quarter, the lowest level in three years, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down from 30.5% a year earlier and a record-high 34.4% at the start

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New Zillow survey data finds many buyers are securing lower mortgage rates from home builders, sellers, or borrowing from friends or family members Almost half of recent home buyers with a mortgage secured a rate below 5%, a recent Zillow® survey shows. Current mortgage rates are hovering near 7%, yet many home buyers who purchased a home in the past year thought outside the box to unlock homeownership. Mortgage rates surged from historic