LoanMarket.net, a website that serves as an auction platform for non-performing, sub-performing and other residential loan types has ramped up its listings in recent weeks. Jeff Freud, a principal in the Irvine-based company, said that over the past month, it has received $100 million in new listings in California alone. "That's the unpaid principal balance number," he said. LoanMarket's seller-clients include hedge funds and private equity firms, among others.
The portfolio for sale contains hundreds of millions of dollars worth of reperforming loans that the government-sponsored enterprise co-marketed with Citigroup.
The S&P Cotality Case-Shiller home price index rose 0.8% year over year in April, while U.S. Federal Housing's index climbed 2%. Both indexes declined monthly.
While the nationwide purchase average declined nearly 3% in 2025, these costs rose in 23 of 50 states and the District of Columbia, a study from LodeStar said.
Priority Financial Network CEO Marc Shenkman allegedly told a former employee to "keep his resume out there" because he planned to get Lendwise shut down.
Lisa Cook can keep her seat on the Federal Reserve Board thanks to the Supreme Court's procedural concerns. Deeper questions about the central bank might not come for years — if at all.
Technology and customer service were the two largest categories within operational expenses last year, according to the Mortgage Bankers Association.
