U.S. real estate investors bought about 52,000 homes in the second quarter, the lowest level for that period since 2020, according to a report from Redfin. Purchases were down 6% from a year earlier — the largest drop since late 2023. Redfin, which analyzed purchase records across 39 major metropolitan areas, defines an investor as […]
Investor home purchases hit lowest second-quarter level since 2020 Read More »
Griffin Funding has launched an internal artificial intelligence-driven platform designed to help loan officers navigate the complex world of non-QM lending. The tool, known internally as “LIA,” pulls hundreds of pages of program guidelines into a single system and uses AI to deliver tailored answers to loan qualification questions, according to Chloe Shubin, vice president
Non-QM lender Griffin Funding unveils AI-driven underwriting platform Read More »
Recent efforts to cut down on vacant residential properties in Baltimore have proven to be effective, according to new Urban Institute data. By 2020, the city had more than 16,000 vacant buildings and a residential vacancy rate of 7.7%. In parts of east and west Baltimore, the rate was nearly one in three houses. “Vacancy
Baltimore’s push against vacant housing shows positive results Read More »