Despite cooling interest rates, the title insurance segment at Big Four title firm Old Republic recorded a 22.8% annualized decline in net premiums and fees during the fourth quarter of 2023, which contributed heavily to a 12.8% decrease for all of last year. During the last three months of the year, the company’s title segment […]
For seniors who have retired, taking on additional debt that requires a monthly payment while being on a fixed income could have ramifications on quality of retirement, and it should be considered in concert with all the facts about how it will impact a senior’s financial situation. This is according to experts who spoke to […]
The Federal Reserve’s Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% at its first meeting of the year on Wednesday. The decision falls in line with the stance taken by central bank officials in recent meetings, where they maintained the status quo while deliberating […]
The top-producing Suarez Team is joining real estate firm The Real Brokerage, according to a company announcement on Wednesday. Powered by James and Roxanne Suarez, the 10-person team serves the greater Los Angeles market, including Silicon Beach, Beverly Hills, Hollywood Hills and the South Bay. Before joining Real, the team was affiliated with Keller Williams […]
Data from the American Land Title Association’s (ALTA) Title & Settlement Agent Registry (ALTA Registry) will be integrated with the platform of closing software provider Qualia, according to an announcement on Wednesday. The data will be provided to Qualia under a licensing agreement with the ALTA Registry, which is a national database of title and […]
The top-ranked brokerage in the country by transaction sides, eXp Realty, is now under fire from the New York State Comptroller. In a letter sent to eXp Realty and eXp World Holdings CEO Glenn Sanford, Thomas DiNapoli asked the brokerage to open an independent investigation into the sexual harassment and assault allegations that have been raised against the […]
Dark Matter Technologies (DMT) tapped Tony Fox, former director of ICE Mortgage Technology, as its new chief of client engagement. Fox is responsible for directing the company’s account management and client success teams. He will report to Sean Dugan, chief revenue officer at DMT. Fox was director of client management at ICE Mortgage Technology for […]
The pandemic-era boom in single-family rental prices is over, according to CoreLogic‘s Single-Family Rent Index. The index, which analyzes single-family rent price changes nationally and across major metropolitan areas, tracked 13-15% annual growth in rental prices in the first half of 2023, but the index value rose only 2.7% in November, the latest data available. […]
Mortgage demand slumped last week as consumers hit the brakes on purchase applications. Mortgage applications decreased by 7.2% in the week ending Jan. 26 compared to one week earlier on a seasonally adjusted basis, according to the Mortgage Bankers Association‘s (MBA) weekly mortgage applications survey. “Applications decreased compared to a holiday-adjusted week, driven by a […]
The accessibility of information, the encouragement of multitasking culture and a desire for instant gratification are all huge societal changes that have massively impacted Gen Z individuals. How can we as an industry and as real estate finance experts adapt to reach and maintain the attention of next-generation prospective homebuyers? Social media is going to […]
Nearly three in four baby boomers aren’t using resources that would help them achieve or maintain homeownership status, according to survey data released Tuesday by nonprofit group NeighborWorks America. About 10,000 Americans turn 65 each day and all boomers will reach that milestone by 2030, according to census data. But a significant portion of this […]
Government-sponsored enterprise (GSE) Freddie Mac this week released an industry letter encouraging seller/servicers to take the accelerating pace of cybersecurity threats seriously, and to ensure that processes and tools are maintained to limit exposure to potential security risks. “A record number of cybersecurity incidents against Seller/Servicers occurred in 2023,” the letter said. “These included incidents […]
