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WORD OF THE DAY: Confrere

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[KAN-frehr] Part of speech: noun Origin: French, mid-18th century Definition: A fellow member of a profession; a colleague. Examples of confrere in a sentence “Since I don’t know the answer to that question, I’ll refer you to my confrere.” “The meetup was the perfect opportunity for Reyna to meet confreres in her field.” About Confrere This noun was introduced into French via the medieval Latin word “confrater,” a combination of the words “con” (together with)

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WORD OF THE DAY: Rejoinder

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[rə-JOIN-dər] Part of speech: noun Origin: Late Middle English, late 15th century Definition: A reply, especially a sharp or witty one; (Law, dated) A defendant’s answer to the plaintiff’s reply or replication. Examples of rejoinder in a sentence “I always think up the perfect rejoinder hours later in the tub.” “The court fell silent, waiting for the defendant’s rejoinder.” About Rejoinder This word developed in Late Middle English by way of the Anglo-Norman French word

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U.S. FORECLOSURE ACTIVITY CONTINUES TO INCREASE QUARTERLY NEARING PRE-PANDEMIC LEVELS

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U.S. Foreclosure Starts Increase 167 Percent From a Year Ago; Average Time to Foreclose Nationwide Decreases 4 Percent From a Year Ago ATTOM, a leading curator of real estate data nationwide for land and property data, released its Q3 2022 U.S. Foreclosure Market Report, which shows there were a total of 92,634 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 3 percent from the previous quarter and 104 percent

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WORD OF THE DAY: Digerati

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[dih-jə-RAH-dee] Part of speech: noun Origin: American English, 1990s Definition: People with expertise or professional involvement in information technology. Examples of digerati in a sentence “Betty had complete faith that if she couldn’t fix her computer, the company’s digerati could.” “It was hard to pick one candidate out of the many qualified digerati who applied.” About Digerati This word developed from a 1990s mash-up of the words “digital” and “literati” (well-educated people who are interested

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Economy Expected to Contract Further in 2023, as the Fed Appears Resolved to Tame Inflation

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Housing Slowdown Demonstrates Impact of Rapidly Risen Mortgage Rate Environment The combination of high inflation, monetary policy tightening, and a slowing housing market is still projected to tip the economy into a modest recession in the first quarter of 2023, according to the October 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group expects real gross domestic product (GDP) to grow 2.3 percent annualized in the

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Toorak Capital Partners Reaches $10 Billion Milestone

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Industry-Leading Real Estate Funding Platform Has Funded 26,000+ Mortgage Loans in Since Inception Toorak Capital Partners, Inc. (“Toorak”), a leading capital provider to the residential real estate lending industry, announced that it has funded $10 billion in whole loans since its inception in 2016. To date, the company has funded more than 26,000 small-balance business-purpose loans backed by residential, multifamily, and mixed-use properties across the U.S. and the U.K., enabling

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