New Home Sales Increased Slightly in October but are Down From a Year Ago
New home sales increased 0.4% in October compared with September but were down 23% compared with October 2020, according to estimates from the U.S. Census…
Day: November 29, 2021
Securent, a SitusAMC Insurance Services Branch, Launches
Securent, a provider of comprehensive risk management and insurance programs for mortgage and mortgage-backed securities (MBS) stakeholders, has launched. A subsidiary of SitusAMC, Securent’s loan…
Analyzing FEMA’s Flood Insurance Revisions
Bad news for homeowners with a flood insurance policy—for the majority of homeowners in flood zones, rates are more than likely going to go up when the policy renewal time comes around. Starting…
Bidding Wars Trend Down, but remain High
While bidding wars reached a pandemic peak in April, 60.3% of all offers written by Redfin in October experienced a bidding war, down from the 60.4% in September. While…
National Association of Realtors Reports Pending Home Sales Increase in October
Pending home sales increased in October, rebounding after a decline the month prior, according to the National Association of Realtors (NAR). Contract activity rose month-over-month…
Pending Home Sales Rebound in October
Reversing the trend of just one month ago, pending sales of U.S. homes rose 7.5% in October as consumers regained their financial footing to lock…
MISMO Standardizes Bid-Wanted in Competition Exchange
MISMO, the real estate finance industry’s standards organization, is standardizing the bid-wanted in competition (BWIC) dataset format to facilitate accuracy, liquidity and rapid pricing for…
FHFA Announces Deemed-Issuance Ratio for Next Year
Conforming to IRS guidelines, the FHFA has reported the deemed-issuance-ratio on underlying bonds for 2022. The post FHFA Announces Deemed-Issuance Ratio for Next Year appeared…