News Updates – Page 8 – REI INK
REI INK

News Updates

HOME EQUITY HOLDS STEADY AROUND U.S. DURING FOURTH QUARTER AS HOUSING MARKET REMAINS STRONG

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Equity-Rich Portion of Home Mortgages Dips Slightly, but Nearly 95 Percent of Homeowners Continue to Have Property Wealth Built Up; Portion of Owners Seriously Underwater Stays Near Six-Year Low; Equity Measures Largely Unchanged as Home Prices Inch Upward ATTOM, a leading curator of land, property data, and real estate analytics, released its fourth quarter 2024 U.S. Home Equity & Underwater Report, which shows that 47.7 percent of mortgaged residential properties in the United

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Diverse Mortgage Services Launch Marks a Pivotal Moment in Mortgage Services History

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DMS enters the market as one of the nation’s only Black-owned, Tier 1 providers, enabling lenders to meet their minority business spend targets and DEI goals Diverse Mortgage Services, one of the nation’s first Certified Minority Business Enterprise (MBE) mortgage services providers offering nationwide title and closing services to lenders, is excited to announce the official launch of its operations, marking a pivotal moment in the transactional mortgage services industry.

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Snappt Unveils 2024 Fraud Report and Provides Insights and Strategies to Combat Emerging Threats in 2025

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The new report explores fraud statistics from 2024 and educates the industry using collected real-world data on the latest fraud tactics and trends Snappt, the trusted leader in fraud detection for multifamily property management, released its 2024 Fraud Report: Data, Trends, and Strategies for 2025. The report provides insights from its internal database and discusses trends multifamily operators will see in 2025.   After analyzing almost five million documents in 2024 alone, Snappt found that 6.4% of rental

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ICE First Look at Mortgage Performance: Delinquencies Ended 2024 on a Strong Note Despite Remaining Near a Three-Year High

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Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, reports the following “first look” at December 2024 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Data as of Dec. 31, 2024 Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.72%Month-over-month change: -0.60%Year-over-year change: 4.02% Total U.S. foreclosure pre-sale inventory rate:

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HOME SELLING PROFITS SLIDE AGAIN IN 2024 ACROSS U.S. DESPITE CONTINUED PRICE GAINS

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Profit Margins for Sellers Decrease for Second Straight Year;Typical Seller Return Remains Near Record Highs, But Declines to 54 Percent;Returns Dip Even as National Median Home Price Climbs to $350,000 ATTOM, a leading curator of land, property data, and real estate analytics, released its Year-End 2024 U.S. Home Sales Report, which shows that home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8 percent return on investment. But even as

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MCS Reports Robust Growth and Significant Milestones in 2024 as Core Service Lines Continue to Expand

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Revenue Increases, Five Brothers Acquired and Government Services Division Launched MCS, the national property services provider founded in 1986, reported robust growth and significant milestones across new and existing business lines in 2024. Total company-wide revenue increased notably, with significant growth recorded across MCS’s Commercial and Residential Services businesses. A new Government Services division was launched, and although foreclosure volumes are still historically low, Mortgage Services continued its steady upward

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