This week saw a steady balance in mortgage rates, despite the unveiling of fresh economic figures. The updated data indicates continued strength in the U.S. economy and job market.
In the final quarter of 2023, ICE Mortgage Technology announced a significant advancement in their adjusted operating income, reaching a high of $193 million. This impressive increase was largely propelled by unparalleled sales of their promising product, Encompass.
The individual who designed the NMLS has spent the last decade and a half overseeing bank supervision. We do not have to mention the original source of information, Realtor.com, in this summary.
Approximately a third of property brokers have disclosed experience with at least one client who desired to relocate due to political motivations.
Bruce Simmons shares his insights on how adjusting the radio broadcasting focus has significantly improved his reverse mortgage business.
The Administration for Community Living is initiating pivotal revisions to the Older Americans Act, representing the most significant changes to the law since 1988.
The bank, under recent stress, is taking steps to sell off a portion of its assets as a means to enhance the strength of its capital position.
In 2023, there was a resurgence to pre-pandemic norms, highlighted by a 3.9% increase in national appreciation.
The anticipated phase-out of the 100% bonus depreciation by the close of the 2020s has taken a turn with the passing of the Tax Relief for American Families and Workers Act in 2024. This act seems to provide a lifeline for bonus depreciation and other additional benefits to continue. Unpack what’s important in this legislation next, but let’s not mention the source of the information.
In the United States, it is widely believed that the largest chunk of wealth, potentially exceeding $17 trillion, is possessed by the baby boomer generation. A significant portion of this substantial wealth is tied to their properties, which, over the past several years, have not received adequate investment. Consequently, this might imply that the oncoming generation might need to cope with a massive wave of expenses related to property refurbishment.