ATTOM released its Year-End 2023 U.S. Home Sales Report, which shows that home sellers made a $121,000 profit on the typical sale in 2023, generating a 56.5 percent return on investment. But even as both gross profits and profit margins remained near record levels, they decreased from 2022, marking the first declines in either category since 2011.
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Alanna.ai, the creator of a conversational AI-powered virtual assistant for title agents, has named Bob Grohol as Executive Sales Director.
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Homebuyer affordability improved in December, with the national median payment applied for by purchase applicants decreasing to $2,055 from $2,137 in November.
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In STRATMOR Group’s January Insights Report, Senior Partner Jim Cameron borrows from Abraham Maslow’s famed “hierarchy of needs” theory to offer mortgage lenders a real-world approach to shaping their strategies in 2024.
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Dark Matter Technologies (Dark Matter) announced the availability of a new, automated workflow in the Empower loan origination system (LOS) that makes it easier for lenders to identify and qualify loan applicants who could benefit from evaluation of their positive rent payment history.
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Lundy, a property search engine available by voice, has announced that Jim Grady will assume the role of Chief Technology Officer. As such, Grady will be responsible for the continual advancement of Lundy’s technology, which makes property data available on the Multiple Listing Service accessible by voice on the Amazon Alexa platform.
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BlackFin, has launched MAX, a Business Intelligence (BI) software solution that will transform the way lending executives run their business.
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The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 3 basis points from 0.26% of servicers’ portfolio volume in the prior month to 0.23% as of December 31, 2023.
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Mortgage Capital Trading, Inc. (MCT), a mortgage hedge advisory and secondary marketing software firm, revealed a 13.71% decline in mortgage lock volume compared to the previous month.
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The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for December 2023 shows mortgage applications for new home purchases increased 22.2 percent compared from a year ago. Compared to November 2023, applications decreased by 4 percent. This change does not include any adjustment for typical seasonal patterns.
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