FirstClose Inc., an Austin-based fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, announced that America First Credit Union selected its FirstClose Equity solution to provide members access to a digital end-to-end home...
The city government of Newark, New Jersey, has launched a program that will sell seized residential properties for as little as one dollar According to a NJ.com report, the properties in the Homeownership Revitalization Program were seized for non-payment of taxes,...
Lock volumes were down 22% in April, with cash-out refinance locks declining 21% and rate/term refinance locks taking a 28% tumble, according to new data from Black Knight Inc. (NYSE:BKI). Purchase locks accounted for more than 87% of locks in April, the highest share...
The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index (HPSI) spiked by 5.5 points in April to a level of 66.8, its highest level since May 2022. All six of the HPSI’s components increased from March and April, most notably in regard to whether this is a...
The U.S. title insurance industry generated $21 billion in title insurance premiums during 2022, a 16% decrease compared to 2020, according to new data from the American Land Title Association (ALTA). During the fourth quarter of 2022, title premium volume totaled...
Clayton, the manufactured home building division of Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A), announced it will start production on residential manufactured homes that meet U.S. Department of Energy (DOE) Zero Energy Ready Home specifications by January 1,...
Hits and Misses for the Real Estate Week of May 11-15
