Home prices rose an “exceptionally strong” seasonally adjusted 0.68% in August, according to Black Knight’s ICE Mortgage Monitor Report.
Category: News and Trends
RE/MAX: Home Sales, New Listings Increase as Summer Winds Down
RE/MAX, Denver, reported new real estate listings rose 1.8% in August, bucking the typical July-to-August seasonal trend of decline.
MBA Premier Profile: Sagent
(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association)
MBA Weekly Survey Oct. 4: Mortgage Applications Decrease
Mortgage applications decreased 6.0 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 29, 2023.
Dealmaker: Cushman & Wakefield Arranges $8.3M Sale
Cushman & Wakefield, Chicago, closed the $8.3 million sale of an industrial property in Hillsborough, N.J.
Briefs Oct. 4, 2023
News in brief from United One, MeridianLink and Green Street
Construction Spending Increases Again
The U.S. Census Bureau reported construction spending increased in August to a seasonally adjusted annual rate of $1,983.5 billion, 0.5 percent above the bureau’s revised July estimate.
Quote: Oct. 4, 2023
“Mortgage rates continued to move higher last week as markets digested the recent upswing in Treasury
yields.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist.
Velocity Servicing President Matt Stadler Discusses Loan Stress
MBA NewsLink interviewed Velocity Servicing President Matt Stadler about loan stress. Stadler is responsible for all operations of Velocity Servicing, a specialty and component servicer focused on investors in credit-sensitive products (EBOs, NPL/RPL, and high-risk assets), dedicated to turning distressed loans into performing portfolios faster through high-touch customer relationships and advanced data analytics.
Briefs Oct. 4, 2023
News in brief from United One, MeridianLink and Green Street