Former Rocket Cos. CEO Jay Farner is now the second longtime senior executive of the mortgage giant to own a professional sports team. Processing Content Farner’s single-family office and investment firm Ronin Capital Partners, which he founded after retiring from Rocket, announced it reached an agreement to buy a stake in Detroit City Football Club. […]
Former Rocket CEO is latest mortgage exec moving into sports Read More »
Freddie Mac has laid the groundwork for some new distressed single-family mortgage procedures as part of its broader efforts to improve servicing operations over the past several years. Processing Content The government-sponsored enterprise, which is one of two that buy a large number of the middle-class home loans that private lenders fund in the United
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Short sales sold at a smaller discount than foreclosures starting in January, the first time that’s happened since Realtor.com began tracking these valuations in 2018. Distressed homes earned about 9% more of their estimated value as a short sale than as a foreclosure. Processing Content Foreclosed homes have sold in a fairly steady range, 25%-30%
Short sales yield 9% more than foreclosures now Read More »