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News Updates

ServiceLink Survey Reveals How COVID-19 Pandemic Spurred Shifts in Homebuying Trends

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The ServiceLink State of Homebuying Report demonstrates the role of technology in homebuying and refinancing processes COVID-19 dramatically shifted the way people bought and sold homes over the last year. Like many industries, the real estate industry was forced to quickly pivot to adapt to social distancing, mask requirements and shutdowns. A new survey report, released from ServiceLink, part of the FNF family of companies and the nation’s premier provider of

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Black Knight’s First Look: Number of Seriously Past-Due Loans Continues to Improve

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Long Holiday Weekend Drives Up May’s Overall Delinquency Rate – The national delinquency rate rose to 4.73% from 4.66% in April, driven largely by the three-day Memorial Day weekend foreshortening available payment windows – Similar occurrences are rare; the last time was in May 2004, at which time mortgage delinquencies jumped by more than 15% in a single month; this month saw a 1.5% increase – Early-stage delinquencies (those 30

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Redfin Reports Homebuying Demand Lets Up a Bit as Prices Soar

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Redfin’s Homebuyer Demand Index was down 14% from its peak 9 weeks ago, and pending sales have declined 10% from their early May peak Fierce competition continues to drive home prices up, but home tours, offers and pending sales have slowed, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. New listings, a key lever for home sales growth, have held up better than pending sales and are inching

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Arrived Homes Announces $37 Million in Seed Funding and Debt Financing

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Arrived is the first and only company with SEC qualified offerings allowing anyone to buy shares in individual rental homes Arrived Homes (“Arrived”), the ground-breaking real estate investing platform that makes ownership of rental properties a possibility for everyone, announced that it has raised $37 million in a combination of seed funding and debt financing. The round is comprised of $10 million in equity financing and $27 million in debt financing. This is the company’s first financing round

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Civic Financial Services Surpasses $5 Billion in Loan Originations

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Private money lender hits industry milestone at record pace for business purpose loan space Civic Financial Services, a leading institutional private money lender, announced that it has surpassed $5 billion in loan originations and 12,000 funded loans since the company was founded six years ago. CIVIC funds exclusively business purpose loans for real estate investors, making this milestone the first for any company in the private lending industry. CIVIC topped

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Experts Say Zoning Changes Are Most Effective Path to Boost Housing Supply for a More-Balanced Market

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A Zillow survey of economists and other real estate experts finds high costs are expected to slow construction and may lower homeownership among today’s 30-somethings. – The expert panel’s prediction for home price growth is the most optimistic ever in the quarterly survey that dates back to 2010. – The panel expects new construction to slow in the coming years, with high costs as the main barrier. But last quarter,

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