The property data provider ATTOM announced rollout of an updated automated valuation model (AVM) that is being promoted as a “a ground-up, AI-first rebuild designed to move beyond the limitations of traditional comparable-sales-based valuation models.” According to...
The delinquency rate for commercial mortgage-backed securities (CMBS) dipped by one basis point to 7.54% in April, according to data from Trepp Inc. One year ago, the rate was 7.03%. The five largest newly delinquent loans accounted for just over $1.26 billion of the...
A new survey released by Veterans United Home Loans has discovered a rather considerable amount of incorrect assumptions by prospective homebuyers when it comes to acquiring a property. More than one-third of respondents (34%) were under the impression that they...
The law firm Phillips Lytle LLP has launched a new initiative aimed at real estate professionals and financial executives involved in property development. According to the firm, the Phillips Lytle Real Estate Institute Webinar Series will focus on emerging legal and...
The Georgia Department of Banking and Finance shut down Community Bank and Trust – West Georgia this weekend. The bank, which opened in December 1984, is the second bank this year to fail. Chicago-based Metropolitan Capital Bank & Trust was closed on Jan. 30 The...
A new survey published by Redfin found nearly half (47%) of US residents do not want artificial intelligence data centers constructed in their neighborhood, while 38% have no problems with these facilities in their community. The survey, fielded by Ipsos with input...
