New research from First Street Foundation, Brooklyn, N.Y., warns the financial impacts of flood risk carried by American homeowners, and how those impacts are growing as flood risks worsen due to a rapidly changing climate.
Category: News and Trends
CRE Professionals Disagree About Path Ahead
Commercial real estate professionals remain divided about the sector’s near future, two new reports find.
With Moratoria in Place, ‘Zombie’ Properties Fade
ATTOM Data Solutions, Irvine, Calif., said just 175,000 vacant properties entered the foreclosure process in the first quarter—a reflection of ongoing national and local foreclosure/eviction moratoria.
MBA Premier Member Profile: Snapdocs
Snapdocs is a mortgage technology company that is hyper-focused on defragmenting the critical last mile in the loan origination lifecycle, the closing process.
2021 New Home Sales Off to Solid Start
The report said sales of new single-family houses in January rose to a seasonally adjusted annual rate of 923,000, 4.3 percent higher than the revised December rate of 885,000 and 19.3 percent higher than a year ago (774,000).
Dealmaker: New York Life Real Estate Investors Originates $369M on Industrial, Multifamily Assets
New York Life Real Estate Investors originated $369 million for industrial and multifamily assets in eight markets.
Industry Briefs Feb. 25, 2021
Finicity, Salt Lake City, announced its one-touch Mortgage Verification Service, enabling lenders to allow consumers to permission data so lenders can verify assets, income and employment in a single interaction. The verification is accepted by both Freddie Mac and Fannie Mae.
Quote
“These days, you can walk through most neighborhoods in the United States and not spot a single zombie foreclosure. That continues a remarkable turnaround from the last recession when many communities were dotted by abandoned properties.”
–Todd Teta, chief product officer with ATTOM Data Solutions, Irvine, Calif.
MBA Weekly Applications Survey Feb. 24: Rates Jump; Snow Falls; Apps Stumble
Mortgage interest rates hit 3 percent for the first time in nearly six months and harsh weather across much of the country put a damper on mortgage application activity, the Mortgage Bankers Association reported Wednesday in its Weekly Applications Survey for the week ending Feb. 19.
Paul Anselmo: The Increasing Value of Outsourcing During Market Shifts
At some point in the future, however, it’s inevitable that the market will shift—and it’s not too soon to prepare. And just as outsourcing has helped many originators overcome unprecedented capacity issues while volumes are high, it may again prove to be the best strategy for organizations transitioning to the next market environment.