The destruction and devastation from Hurricane Helene continue to be felt across the southeastern United States, where more than 200 people died from the storm as of Oct. 5.
Category: News and Trends
Servicing Quote Tuesday, Oct. 8, 2024
“Given that coverage amounts are based not on a property’s market value, but its replacement cost, the average policy has also gone from covering over 100% of the average home’s value back in 2013-2015 to just 88% today.”
–Andy Walden, ICE Vice President of Research and Analysis
Calque’s Jeremy Foster–New Tools For Changing Markets: An Innovative Approach To Bridge Loans
As good as traditional bridge loans have historically been for some borrowers, markets evolve and there is a reason history lives in the past.
Hurricane Helene Is Making Young Americans Rethink Future Residence, Redfin Finds
Hurricane Helene has now become one of the deadliest hurricanes in the U.S. in modern times–and its destructive path may be affecting residential decisions moving forward.
ICE Mortgage Monitor: Monthly Payments Hit High Point in August
Intercontinental Exchange, Atlanta, released its mortgage monitor for October, finding that the average monthly payment hit a record of $2,070 in August, up $140 from 2023 and $399 since the start of 2020.
RCN Capital: Real Estate Investor Optimism Grows
RCN Capital, South Windsor, Conn., released its Fall 2024 RCN Capital/CJ Patrick Co. Investor Sentiment Index, finding that 68% of real estate investors view today’s market as better or much better than it was a year ago.
MISMO Introduces New Platform for Building Standards: MISMO Link
MISMO, the real estate finance industry’s standards organization, partnered with Viant Eye to introduce MISMO Link, a new platform that will allow users to build and ultimately implement industry standards in a collaborative environment.
Radian Launches Annual Opens Doors Opens Hearts Fundraiser
Each year in the lead up to the Mortgage Bankers Association Annual Convention, Radian Group, Philadelphia, launches its Radian Opens Doors Opens Hearts campaign benefiting the MBA Opens Doors Foundation, which provides mortgage and rental assistance grants to families caring for critically ill or injured children.
Continuing the Momentum: CCMS Philanthropic Committee’s Efforts for the Opens Doors Foundation Grow
Leadership of the CCMS Philanthropic Committee sat down with MBA NewsLink to discuss its changes and efforts.
BLS: 254,000 Jobs Added in September
The Bureau of Labor Statistics announced 254,000 jobs were added in September, with the unemployment level still relatively flat at 4.1%.