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 »
Pennymac Financial Services Inc. announced on Monday that it has taken a long-term minority equity stake in Vesta Innovations Inc. as part of an effort to modernize the mortgage process. The investment is part of a partnership between the two companies, also announced on Monday, which aims to streamline mortgage applications and enhance the customer
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Investor housing market activity slipped in the second quarter of 2025 but remains above recent historical averages, according to a new report from Cotality. Investors accounted for 32% of single-family home purchases in January, the report said. By June, the share had fallen to 29%. A year earlier, investors represented 25% of the market. “Investors
Investor housing market share dips but remains elevated Read More »
New York-based Greystone Real Estate Capital has closed its first affordable housing fund, raising $103 million to finance nearly 1,000 rental units across six states. The fund — called Greystone Affordable Housing Fund I LP — will support a total of 11 developments in Louisiana, Massachusetts, Mississippi, New Jersey, Ohio and Pennsylvania. In total, the
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CertifID has raised $47.5 million in a Series C funding round led by Centana Growth Partners with continued participation from Arthur Ventures. The new capital will be used to expand CertifID’s capabilities in identity verification, transaction monitoring and secure payments. The company also plans to scale its team, accelerate product development and broaden industry partnerships.
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Prudent AI — a California-based financial technology company — has released what it calls the first upfront automated underwriting system (AUS) designed specifically for non-qualified mortgages (non-QMs). Unlike traditional AUS tools — which assess loan eligibility later in the mortgage process — Prudent AI’s system reviews key borrower data such as income, credit and assets
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