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Navigating the Unchartered Waters: Rising Interest Rates in Mortgage Lending Explore how rising interest rates are affecting mortgage lending and homebuyer affordability in the current market.
Lending (1495)
Black Knight, Others Complete D&B Acquisition; Foley Ascends to Chairman
An investor group led by Black Knight Inc. and others has completed the acquisition of Dun & Bradstreet Inc., which had already been announced. The other lead investors include Cannae, CC Capital Partners, Bilcar, and funds affiliated with Thomas H. Lee Partners. William P. Foley, was appointed executive chairman of the board for Dun &… Read more...
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Report: Millennials Chose Purchase Loans
Millennials closed more purchased loans in December 2018, even in the face of higher-interest rates and fewer homes. [caption id="attachment_9345" align="alignright" width="200"] Tyrell: Most Millennials were single when they bought homes.[/caption] “Many Millennials are prioritizing homeownership and rather than being deterred by a tight market, they’re increasingly competing for available homes or moving to areas… Read more...
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Home Affordability Improving: Fannie
The Fannie Mae Home Purchase Sentiment Index increased in January, rising 1.2 points to 84.7 and paring some of its recent losses-- and down 4.8 points compared with the same time last year. The increase can be attributed primarily to an eight-percentage point jump in the net share of Americans who reported substantially higher household… Read more...
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CoreLogic: December Home Prices Rose 4.7%
The CoreLogic Home Price Index and HPI Forecast for December 2018 reported home prices rose on a year-over-year and month-over-month basis. Home prices increased nationally by 4.7 percent year over year from December 2017. On a month-over-month basis, prices increased by 0.1 percent in December 2018. Looking ahead, the CoreLogic HPI Forecast indicates home prices… Read more...
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Black Knight Deploys Big-Data Platform
Black Knight has launched the Rapid Analytics Platform, an interactive virtual analytics lab where users can source and upload data, execute queries, perform complex analytics and train machine-learning models, from a single workspace. A cloud-based platform for working with big data, RAP features a unique, advanced workspace environment offering a dynamic mix of traditional analytics,… Read more...
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Mortgage Credit Availability Rose In January: MBA
Mortgage credit availability increased in January according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association. The MCAI rose 2.3 percent to 179.0 in January. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The index was benchmarked to… Read more...
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Seniors Opt to Stay in Homes Longer, Leaving Slim Pickings for Buyers
Seniors who were born after 1931are less likely to sell their homes than were previous generations—and it’s a significant cause of the housing shortage, according to the “February Insight” report from Freddie Mac. The result is around 1.6 million houses weren’t for sale through 2018, representing about one year’s supply of new construction, or more… Read more...
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MBA: Mortgage Apps Dropped 2.5%
Mortgage applications decreased 2.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Feb. 1, 2019. The previous week’s results included an adjustment for the Martin Luther King Jr. Day holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased… Read more...
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Consolidated Analytics Acquires Carrington Property Services
Consolidated Analytics has acquired Carrington Property Services, bringing the company a step closer to offering a one-stop services solution to clients. The acquisition, which was finalized Feb. 1, 2019. Consolidated Analytics is adding REO asset management, rental management and valuation services for non-performing borrowers to a product line that includes property valuation, loan due diligence,… Read more...
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What FinTech Firm Is KKR’s Largest Holding?
The largest holding in KKR & Co. Inc. portfolio is First Data Corp., the company Fiserv plans to acquire. KKR owns more than $998 million dollars of the stock ,or 10.1 percent of the portfolio, according to the firm’s most recent earnings report. That investment is made through private equity funds the company manages. “Since… Read more...
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