The national mortgage delinquency rate rose by 7 basis points (bps) in February to 3.72%, driven by a 4% seasonal rise in early (30-day) delinquencies and a 3% rise in seriously delinquent (90-plus day) loans. According to data from Intercontinental Exchange Inc....
Dallas-headquartered Appreciation Homes LLC has rolled out its Direct Title Security (DTS) offering, an investment vehicle designed to provide accredited investors with direct ownership of single-family rental (SFR) properties while maintaining the income profile of...
Forest Development and Royal Palm Companies announced the grand opening of Nautilus 220, a luxury mixed-use waterfront destination along the Lake Park Harbor Marina in Florida’s Palm Beach County. Encompassing 1.15-million square feet, Nautilus 220 features 330...
Sen. Josh Hawley (R-MO) announced he has begun an investigation into the Fair Isaac Corp. (NYSE: FICO) to determine if the company’s pricing practices in the mortgage credit scoring market has contributed to the affordability challenges in the housing market. Hawley...
Mortgage application activity slowed during the week ending March 20, according to data from the Mortgage Bankers Association. The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 10.5% on a seasonally adjusted basis from one...
A total of 7,356 homes were sold in Illinois during February, a 5.9% decline from the 7,820 sold one year earlier. According to data from Illinois Realtors, the 17,685 homes available for sale statewide last month were 5.6% less than the 18,731 homes available in...
Hits and Misses for the Real Estate Week of April 27-May 1
