News Updates

Endpoint Promotes Shawna Hernandez to Chief Operating Officer

Endpoint, the digital title and settlement company on a mission to make the home closing process easy for all, 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...

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CROSS COUNTRY MOVERS LARGELY UNDETERRED BY RISING MORTGAGE RATES

Redfin.com user search data shows that 14% fewer homebuyers looked to move within their own metro area in February than a year earlier, compared with a 4% drop for out-of-town movers The number of Redfin.com home searchers looking to relocate to a new metro fell 3.6% year over year in February,...

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FarmTogether Study: Farmland Investing During Uncertain Times

The study illustrates farmland's historical resilience in the face of financial turbulence, demonstrated by the asset's strong performance since the onset of the COVID-19 pandemic and subsequent market turbulence. Farmland investment manager FarmTogether released a new study that...

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Prepayments Rebound from All-Time Low

Overall Mortgage Delinquencies Inch Up As 30-Days Late Payments Rise The national mortgage delinquency rate increased 7 basis points in February to 3.45%, but remains down 12.6% year over year Prepayment activity (SMM) inched up to 0.35% -- breaking a four-month streak of record lows, with relief...

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The typical down payment has fallen 10% from a year ago

The typical U.S. homebuyer made a $42,000 down payment in January, the lowest level in nearly two years, amid rising mortgage rates and low competition The typical U.S. homebuyer’s down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years, according to...

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BSI Financial Services Names Harold Lewis President and COO

Company also appoints financial veteran Brett Behrens to head agency servicing BSI Financial Services, a mortgage operating platform, announced Harold Lewis has been hired as president and COO. In this newly created position, Lewis will be responsible for scaling BSI...

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