Industry News

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Overall Mortgage Delinquencies Up 36K in February
Mon, 27 Mar 2023 21:59:32 +0000
According to Black Knight’s “First Look” at February 2023 data, the spike was “driven by a nearly 65K increase in those just a single payment behind.” Click through to see what the data looks like for prepayments, foreclosure starts, and more.

U.S. Housing Market Descend From Pandemic-Era Boom
Mon, 27 Mar 2023 21:47:57 +0000
According to a new report from Redfin, housing markets in tech hubs nationwide are cooling quickly for reasons such as low housing inventory and tech layoffs.

What Is Driving the Sun Belt Boom?
Mon, 27 Mar 2023 20:30:18 +0000
Cities in the Sun Belt have seen massive growth year-over-year as both median rent payments and median mortgage payments rose by over 20%.

First Citizens Reaches Agreement With FDIC to Acquire SVB
Mon, 27 Mar 2023 16:21:52 +0000
FDIC turns ownership of Silicon Valley Bridge Bank over to First Citizens Bank & Trust Company in a deal that includes the purchase of approximately $72 billion of Silicon Valley Bridge Bank’s assets at a discount of $16.5 billion.

Fannie Mae Pushes Back Predicted Recession
Fri, 24 Mar 2023 22:12:31 +0000
Due to stronger economic performance than expected in Q1, Fannie Mae has pushed back the predicted recession to start sometime in the second half of the year.

Homeownership Rate for Single Women Declines in 2022
Fri, 24 Mar 2023 21:16:13 +0000
For the first time in six years, the trend of female homeownership rates for young, single women declined in 2022, according to a new Zillow report.

The Week Ahead: Maximizing Vendor Relationships
Fri, 24 Mar 2023 19:31:12 +0000
The Five Star Institute, in partnership with Boston National Title, will present the latest in its Webinar Series, focusing on vendor products, performance, and pricing in a post-pandemic world.

BSI Financial Services Taps Harold Lewis as President and COO
Fri, 24 Mar 2023 19:05:23 +0000
Former President and COO of Mr. Cooper and C-suite executive tapped to lead the management of all operational aspects for the mortgage servicer.

Home Flipping Still Profitable; More Popular Too
Thu, 23 Mar 2023 22:07:24 +0000
The number of flips by small and large investors alike hit its highest level in over 15 years.

Report: Rent Control Crippling Nationwide Housing Supply
Thu, 23 Mar 2023 20:49:11 +0000
A new report from the National Apartment Association revealed more than 70% of housing providers say rent control would reduce investments, shift development or cancel their plans altogether.