Silicon Valley - Real Estate Investor Pulse

Marc Andreessen, Silicon Valley titan, leaves $33M San Francisco-area mansion behind

March 20, 2024 Mariel Alumit Comments Off

Billionaire tech investor Marc Andreessen, the renowned co-founder of Netscape and venture-capital firm Andreessen Horowitz, alongside his wife, Laura Arrillaga-Andreessen, are bidding farewell to their long-held residence in Atherton, California. Their Atherton estate, boasting […]

Silicon Valley’s ‘bridge bank’ says it’s resumed mortgage originations

March 16, 2023 Mark Paul Cervantes Comments Off

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]