A new flurry of homebuilding, a gloomy summer for homeowners in the U.K. and a bizarre diplomatic feud involving a squatter. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Hit: If I Had a Hammer! This week saw a...
The U.S. mortgage delinquency rate dropped by 11 basis points in May to 3.10%, according to new data from Black Knight Inc. (NYSE:BKI). This is the second lowest that the rate has ever been – the record low is 2.92% from last March. The number of borrowers who were a...
The Empire State’s housing market had another enervated month in May, according to data from the New York State Association of Realtors. Closed sales fell from 11,075 homes in May 2022 to 8,819 sales last month, a 20.4% plummet. Pending sales were down 4.1% from...
Santander Holdings USA Inc. announced its latest Community Plan, a three-year commitment of $4.6 billion in community reinvestment and $9 billion in sustainable finance. According to the company, its commitment will be divided along these lines: $1.5 billion in small...
Slide Insurance, a Tampa-headquartered insurtech focused on homeowners insurance, announced the closing of a $35 million senior credit facility with Regions Bank. The credit facility builds on the funding Slide secured in its $105 million venture-back series A round...
CrossCountry Mortgage (CCM) has unveiled CCM Smart, a program designed to help first-time homebuyers cover 2% of down payment costs up to $4,000. Under CCM Smart, at least one occupying borrower must be a first-time homebuyer and must be at or below 80% of the County...
Hits and Misses for the Real Estate Week of May 11-15
