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Home2023April

Month: April 2023

Housing Wire

CFPB issues its final rule on small business lending

April 3, 2023 Mark Paul Cervantes Comments Off on CFPB issues its final rule on small business lending

The Consumer Financial Protection Bureau (CFPB) has finalized the rule on small business lending, which fulfills a mandate from Congress and aims to increase transparency while mitigating discrimination. “Lenders will collect and report information about […]

Weely Real Estate News

Home Price Gains Continue to Slow Down in 2023

April 3, 2023 Mark Paul Cervantes Comments Off on Home Price Gains Continue to Slow Down in 2023

S&P Dow Jones Indices released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for January 2023 show that the trend of declining home price […]

Housing Wire

MISMO asks for public comment on new servicing transfer catalog

April 3, 2023 Mark Paul Cervantes Comments Off on MISMO asks for public comment on new servicing transfer catalog

The Mortgage Industry Standards Maintenance Organization (MISMO), the real estate finance industry’s standards organization, is currently seeking public comment on the latest version of the MISMO Servicing Transfer Catalog (MSTC), according to an announcement on Thursday. […]

Housing Wire

Massachusetts finally passes RON legislation

April 3, 2023 Mark Paul Cervantes Comments Off on Massachusetts finally passes RON legislation

Boston-based Notarize will soon finally be able to execute a digital real estate closing in its home state of Massachusetts. Governor Maura Healey on Wednesday signed legislation legalizing remote online notarizations (RON) to all notaries […]

Weely Real Estate News

More Luxury Condos are Coming to West Palm Beach, FL

April 3, 2023 Mark Paul Cervantes Comments Off on More Luxury Condos are Coming to West Palm Beach, FL

Savanna, a New York City-based real estate investment and development firm, recently secured financing from Madison Realty Capital, a vertically integrated real estate private equity firm for Olara, West Palm Beach’s anticipated new luxury waterfront […]

Housing Wire

Big Purple Dot integrates with ChatGPT for AI-powered customer support

April 3, 2023 Mark Paul Cervantes Comments Off on Big Purple Dot integrates with ChatGPT for AI-powered customer support

The use-cases for AI-powered chatbots just keep growing. Big Purple Dot (BPD), a mortgage and real estate customer relationship management (CRM) and recruiting solutions company in Irvine, California, announced this week the integration of ChatGPT […]

Weely Real Estate News

Endpoint Promotes Shawna Hernandez to Chief Operating Officer

April 3, 2023 Mark Paul Cervantes Comments Off on Endpoint Promotes Shawna Hernandez to Chief Operating Officer

Endpoint, a digital title and settlement company, announced it has promoted Shawna Hernandez to Chief Operating Officer, a newly created role. As COO, Hernandez will lead the teams implementing Endpoint’s digital closing solutions and guide […]

Housing Wire

HousingWire Magazine: The ‘Title and Escrow’ Issue

April 3, 2023 Mark Paul Cervantes Comments Off on HousingWire Magazine: The ‘Title and Escrow’ Issue

Brena Nath, Director of HW+ and Events When looking at the home-buying process, I’ve always found it fascinating and impressive that the title agent usually wins the buyer-driven social media post. The homebuyer just wrapped […]

Fertility Rate
StLouis Fed

Teaching About the Fertility Rate April 2023

April 1, 2023 Mark Paul Cervantes Comments Off on Teaching About the Fertility Rate April 2023

Focus on a World Map of Fertility Use the FRED map below to compare the fertility rate across nations. Countries with a fertility rate below 2.1 either add population with immigration or experience population loss. […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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