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.

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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.

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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%.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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