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First Financial Bank to Invest $700M By 2028 In Affordable Mortgages

Cincinnati-based First Financial Bank has agreed to direct $2.4 billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. The initiative is part of a community benefits agreement with the National Community Reinvestment Coalition (NCRC), the parties announced Tuesday. 

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Homebuyer Assistance Programs Rose To Nearly 2,300 In 2023

The U.S. housing market has reached its least affordable point in decades and housing agencies have increasingly rolled out homebuyer assistance programs to tackle this issue. A total of 135 new homebuyer assistance programs were introduced in 2023, a 6% increase over the previous year. This brought the nationwide tally

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A Repositioning Of Players In The MSR Market Is Underway

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market

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Home Prices Surged In November Despite Elevated Mortgage Rates

Home prices maintained considerable momentum in late 2023. The S&P CoreLogic Case-Shiller U.S. National Home Price Index posted a 5.1% annual gain in November, up from a 4.7% gain in October, according to the latest report. Meanwhile, the U.S. National Index and the 10-City Composite posted month-over-month increases of 0.2%,

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How AI And A Changing Rental Market Will Shape Property Management In 2024

Two complex factors are set to transform the rental market in 2024, creating new challenges and opportunities for property managers. The first is the ongoing impact of artificial intelligence (AI) tools, which if deployed effectively provide an opportunity for property managers to increase operational efficiency and unlock business intelligence. The

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