The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.56% by the end of the first quarter of this year, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. This...
Last month saw a total of 32,977 U.S. properties with foreclosure filings, a 10% decline from the previous month but an 8% uptick from one year earlier. According to data from ATTOM, one in every 4,234 housing units had a foreclosure filing in April. Lenders started...
Homebuyers will suffer if President Biden and the GOP leadership cannot reach an agreement on the debt ceiling, according to a data analysis from Zillow Group (NASDAQ: Z, ZG). While acknowledging that a debt default was “very unlikely” Zillow predicted mortgage rates...
Clever Real Estate, the St. Louis-headquartered real estate technology company, announced it raised an additional $2 million in funding from the venture capital firm Cultivation Capital and EssentVentures LLC, a subsidiary of Essent Group Ltd. (NYSE: ESNT). The...
The luxury home building firm Toll Brothers Inc. (NYSE:TOL) has unveiled its newest community: Toll Brothers at Wildflower, which is coming to Saratoga Springs, Utah. Construction of the sales center and model homes is now under way and sales will begin this fall. The...
Dallas-based Mr. Cooper Group Inc. (NASDAQ: COOP) has acquired all outstanding shares the wholesale lender Home Point Capital Inc. (NASDAQ: HMPT) for approximately $324 million in cash. As part of the transaction, Mr. Cooper will assume $500 million in outstanding...
