Two Harbors Investment Corp. (NYSE: TWO), a mortgage servicing rights-focused real estate investment trust, is rejected a renewed effort by UWM Holdings Corporation (NYSE: UWMC) to revive its canceled merger plans. In March, Two Harbors announced a merger agreement...
A total of 5,946 homes were sold in April through the Toronto Regional Real Estate Board’s (TRREB) MLS System, a 7% year-over-year increase. The surge in home sales occurred despite a 9.3% year-over-year decline in new listings, which totaled 17,097 last month. On a...
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...
