TD Bank Survey: Homeowners Plan to Tap Into Equity for Renovations
TD Bank, Cherry Hill, N.J., released its HELOC Trend Watch survey, finding that 38% of homeowners who are renovating their properties within the next two years intend to use a home equity line of credit or home equity loan for funds.
ICE First Look for October: Serious Delinquencies Hit Lowest Levels Since 2006
Intercontinental Exchange Inc., Atlanta, released its “first look” at October 2023 month-end mortgage performance statistics, noting that serious delinquencies have fallen to their lowest level in 17 years.
MISMO Publishes New Engineering Guideline for Extending a Standard MISMO XML Schema
MISMO, the real estate finance industry’s standards organization, announced the publication of the new MISMO Engineering Guideline (MEG) for Extending a Standard MISMO XML Schema (MEG 0025).
Redfin: 1 in 3 Homebuyers Paying All Cash, Highest Share in Nearly a Decade
Redfin, Seattle, reported the share of homes bought in all cash hit its highest level since 2014 in September as elevated mortgage rates made paying in cash more attractive.
Fitch Ratings: WeWork Bankruptcy Unlikely to Pressure Office REIT Occupancies
WeWork’s recent bankruptcy filing should have little or no direct credit effect for U.S. equity real estate investment trusts, given minimal, or no, exposure in rated issuers’ portfolios, according to Fitch Ratings, New York.
