The mortgage servicing landscape has witnessed a significant shift in recent days with Mr. Cooper’s acquisition of Flagstar Bank’s mortgage servicing rights portfolio.
Category: News and Trends
Jobber Projects Home Services Growth Possible in Second-Half 2024
Home service software provider Jobber, Edmonton, Alberta, released its Home Service Economic Report for the second quarter, finding that consumer spending on home services, such as renovations, may grow in the second half of this year.
AVMs Take Center Stage as New Rules Spotlight Performance–First American (Sponsored)
New federal guidelines and changes in methodology testing are giving AVMs more attention. Learn how companies must comply with these new guidelines.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 10.1% from one week earlier, according to the Mortgage Bankers Association’s Weekly Applications Survey for the week ending Aug. 16, 2024.
The Power of Investing in Public-Private Partnerships: Katelynn Harris Walker
Navigating the complexities of financing, regulatory compliance and market dynamics in real estate finance requires more than just individual effort; it demands a robust collaborative framework. Public-private partnerships are essential to this.
More Companies Shifting Office Strategies, CBRE Finds
More companies are shifting their office portfolio strategy toward expansion after focusing on contraction since the pandemic, according to a new CBRE survey.
Quote: Aug. 21, 2024
“Net production income was positive in the second quarter of 2024–a welcome sign after eight consecutive quarters of net production losses.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
Millennials Trying to Save for Homes, but Rent Is Too High, Survey Finds
Lombardo Homes, Shelby Township, Mich., found that while 51% of non-homeowner Millennials say they are saving for a home purchase, 77% say rent is so high it poses a challenge.
Industry Briefs, Aug. 21, 2024
Industry briefs from Planet Home Lending, LoanPASS, Kriss Law/Atlantic Closing & Escrow and Informative Research.
Dealmaker: Walker & Dunlop Arranges $128M for New York Multifamily Portfolio
Walker & Dunlop, Bethesda, Md., secured $128 million in financing for the acquisition of nine Manhattan properties, all located within a two-block stretch in Manhattan’s East Village neighborhood.