Investments

Credit Karma enters the mortgage business by buying Approved

Personal finance company has more than 80 million members
Credit Karma, the personal finance company that provides its 80 million members with products and services to manage their finances and connects those members to financial services providers, is officially getting into the mortgage business by acquiring Approved, a digital mortgage platform.
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Inside the scandal that could explode multifamily real estate

WSJ reports on massive multifamily mortgage fraud investigation
Everything is going swimmingly in multifamily real estate these days, right? Rents keep rising, construction is still chugging along, deals are being made, and delinquencies are still at historic lows. So everything’s good, right? Maybe not. It appears there could a deep, dark secret at the core of multifamily lending. Fake residents, fake incomes, and inflated mortgages. Sound familiar?
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Even tariffs might not slow multifamily construction

Multifamily construction doesn't seem ready to wind down despite rising costs...yet
There are few things that make multifamily developers nervous quite like overbuilding, and right now, despite significant increases in cost, multifamily construction is still chugging along a little faster than most multifamily pros seem to think it should be. What gives?
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Goodbye refi: Rising interest rates all but erase refinance demand

Purchase loans now make up nearly 75% of all mortgages
While mortgage interest rates dipped ever so slightly in the last week, they’ve been trending up for the majority of this year. And it appears that the consistent rise in interest rates this year has all but dried up refinance demand. Is it time to say goodbye to refis for a while? It certainly looks that way.
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NAA: Multifamily parking ratios lowest since 1960s

Impending autonomous cars, ride-sharing, affordability, legislation are pushing parking ratios down
Parking ratios for multifamily properties are falling in most metros thanks to urbanization and changing attitudes toward car ownership. According to a study from the National Apartment Association, over the last decade, the average parking ratio per unit dropped to 1.46, the lowest it has been since the 1960s.
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Follow the money: Inside an emerging trend that could bring relief to home prices

Shift to commercial investment could be solution to tension in single-family housing
Home prices have been appreciating rapidly as the housing shortage and other economic factors keep upward pressure on the median price point in the U.S. The trend looks nigh invincible as a strong economy and rising interest rates cement it into place. But, what if there was a developing trend that could ease that pressure?
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Multifamily investment showing signs of slowing

CBRE and Real Capital Analytics research shows multifamily investment took a tumble in Q2
Multifamily investment could be showing signs of slowing down heading into the back half of the year, as investors ease up on their appetite for garden-style properties, according to research from CBRE and Real Capital Analytics.
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