BREAKING NEWS
Rising Rates Put Damper on MBA Builder Applications Survey
October mortgage applications for new home purchases fell by 13 percent from September and by 28.6 percent from a year ago, the Mortgage Bankers Association reported Thursday.
Builder confidence in the market for newly built single-family homes posted its 11th straight monthly decline in November, the National Association of Home Builders reported Wednesday, citing elevated interest rates, stubbornly high building material costs and declining affordability conditions that are pushing more buyers to the sidelines.
Mortgage lending fell by another 19 percent in the third quarter—the sixth straight quarterly drop—to its lowest level in three years, reported ATTOM, Irvine, Calif.
U.S. commercial mortgage real estate investment trusts’ earnings will likely continue to trend modestly higher into 2023 as the sector remains predominantly asset-sensitive, reported Fitch Ratings, New York.
Tempus Realty Partners, Little Rock, Ark., acquired Lane Bryant's 236,070-square-foot campus in New Albany, Ohio for $42 million.
Using telco, pay TV and utilities insights to help create greater homeownership opportunities for millions of U.S. mortgage applicants.
Today’s communications systems make it possible for mortgage servicers to take back control with business users at the helm over the authoring and management process through the point of sending it to the printer or digital systems that deliver or mail the communication. This gives servicers the opportunity to lower costs, reduce operational risk, and set up for a thriving digital future.
Nick Smith is Founder, Managing Partner and CEO of Rice Park Capital Management, a private investment firm managing various investment vehicles and venture capital funds on behalf of institutional investors, family offices and high net worth individuals.
When faced with two or more similar options, consumers often choose based on which option is better suited to fit their lifestyle. For lenders wanting to ensure their spot at the top of the rankings, providing a superior closing experience is an essential part of the game plan, of which remote online notarization is a key element.
There’s been a lot of research done on the impact Millennials and single women are having on the housing market. Yet there’s not a lot of solid advice on how to attract and engage these audiences, which is a shame considering how important they are to an originator’s business. But there are effective ways to get your message across if you’re willing to rethink your current marketing strategy.
Why does innovation and technology ROIs continue to disappoint? ROI efficacy has become the symptom of the problem as the bullseye of measure is no longer fixed on the application, the cloud solution, or the innovation delivered. The rise of digital ecosystems has permanently altered the ROI discussions and evaluations—and the investment strategies deployed.
