Intercontinental Exchange Inc., Atlanta, provided its first look at October mortgage performance, finding that the delinquency rate hit 3.45% in October, up 6% from October 2023.
Category: News and Trends
Industry Briefs, Nov. 25, 2024
Industry briefs from Truist, Azimuth, Mortgage Automation Technologies, Informative Research, ICE Mortgage Technologies, A&D Mortgage, Click n’ Close, ACES Quality Management, OptifiNow and LON.
Quote of the Day
“Any potential thaw in the housing market will likely happen only after the pending winter months.”
–Molly Boesel, Principal Economist at CoreLogic
Dealmaker: Calmwater Capital Funds $41.1M Refinance for Arizona BTR Community
Calmwater Capital, El Segundo, Calif., provided Moderne Communities with a $41.1 million loan to refinance a build-to-rent community in Vail, Ariz.
CMBS Market Musings: Malay Bansal from 3650 Capital
MBA Newslink recently interviewed Malay Bansal, Head of Trading & Capital Markets at 3650 Capital, who shared insights about the CMBS issuer ecosystem and CRE securitization markets.
S&P’s Property/Casualty Insurance Sector View Improves On Stronger Earnings, Capitalization
S&P Global Ratings, Princeton, N.J., said its sector view for U.S. property and casualty insurance has improved from negative to stable.
October Housing Starts Fall
Privately-owned housing starts were at a seasonally adjusted annual rate of 1,311,000, the U.S. Census Bureau and U.S. Department of Housing and Urban Development jointly announced Nov. 19.
Clever Real Estate: Buyers Pay More Than $30,000 on Top of Down Payment
Clever Real Estate, St. Louis, released a new study, finding that homebuyers are spending an average of $31,975 on expenses in addition to their down payment and closing costs.
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