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 […]
Wilmington, North Carolina-based Cape Fear Realtors has appointed an interim CEO. Janet Kane will take the helm at the 3,500-member strong Realtor association starting on
Facing a challenging housing market can be daunting for agents and loan officers alike. As industry professionals grapple with uncertainties, market shifts and evolving dynamics,
The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small
The U.S. Department of Housing and Urban Development (HUD) on Thursday announced an investment of $173.9 million in loans and grants under the Green and
While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. Furthermore, the delinquency
Dovenmuehle Mortgage, a mortgage sub-servicing company, has informed authorities in Illinois that it will impose a layoff affecting hundreds of employees next year. The company
Williston Financial Group is closing out 2023 with yet another acquisition. The firm announced Thursday that MyHome, a WFG subsidiary, has acquired technology and marketing services provider Volly. The financial terms of the deal were not disclosed. “Since inception, both WFG and MyHome have been dedicated to providing transparency and
Wilmington, North Carolina-based Cape Fear Realtors has appointed an interim CEO. Janet Kane will take the helm at the 3,500-member strong Realtor association starting on Jan. 2, 2024, according to an announcement on Thursday. “Engaging leadership, staff, and stakeholders and ensuring they feel supported, valued, and connected has always been
Facing a challenging housing market can be daunting for agents and loan officers alike. As industry professionals grapple with uncertainties, market shifts and evolving dynamics, the key to thriving lies not only in adapting to change but also in embracing it as an opportunity for growth. I’ve seen every market
The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market. The housing industry, including the secondary market it feeds, is still likely to be sluggish in 2024, with marginal
The U.S. Department of Housing and Urban Development (HUD) on Thursday announced an investment of $173.9 million in loans and grants under the Green and Resilient Retrofit Program’s (GRRP) “comprehensive” and “elements” categories, designed to increase resilience against climate challenges and energy efficiency. These awards will “support energy efficiency, electrification,
While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. Furthermore, the delinquency rate among FHA loans is at a nine-year high, and will be worth watching closely in 2024, the report said. The national delinquency rate climbed