ATTOM released its third-quarter 2024 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017. In this report, ATTOM looked at 3,857 zones around the United States with sufficient data to analyze, meaning they had at least five home sales in the third quarter of 2024. Here’s what it found:
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Mortgage Cadence, an Accenture (NYSE: ACN) company, published a new White Paper for lenders considering new technology investments entitled, “A Lender’s Guide to the Technology Investment Dilemma.” It explores the pros and cons of implementing new technologies before the next wave of business.
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Mortgage applications decreased 10.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending November 1, 2024.
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Dark Matter Technologies’ Sean Dugan, the company’s chief revenue officer, will succeed Rich Gagliano as CEO effective April 2025. Gagliano, who launched Dark Matter in 2023 following over a decade of leadership at its predecessor, Black Knight Origination Technologies, will step into the role of executive chairman.
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Intercontinental Exchange, Inc. (NYSE:ICE), a global provider of technology and data, released its November 2024 ICE Mortgage Monitor Report, based on the company’s robust mortgage, real estate and public records data sets. Here’s what it found:
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National mortgage lender Certainty Home Lending, a Rate Company, has appointed long time mortgage origination professionals Larry Torch as Executive Vice President, Divisional Manager and Craig Thomason as Vice President, Mortgage Lending.
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A&D Mortgage, a Non-QM lender, has issued its latest securitization, A&D Mortgage Trust 2024-NQM5 (ADMT 2024-NQM5). The transaction, valued at $390.6 million, is backed by a pool of 1,171 mostly newly originated non-prime residential mortgages, and closed on October 31, 2024.
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Xactus has appointed Sasha Stair as its new Chief Marketing Officer.
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CV3 Financial Services introduced Ground Up Construction financing, adding to its growing lineup of real estate investment financing solutions. This new offering is specifically designed to meet the needs of real estate investors focusing on non-owner occupied properties, providing comprehensive financial support from foundation to finish for 1–4-unit residential construction projects.
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LexisNexis Risk Solutions unveiled the findings of its inaugural Global Consumer Lending Confidence Report. The study, conducted by Datos Insights, reveals that as visibility into consumer risk provided by traditional credit data shifts, financial institutions worldwide are expanding their use of alternative data throughout the consumer lending journey.
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