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May 2025

Foreclosure filings up 14%, vacant property blight still low

Distressed, Foreclosures, Servicing /

New “zombie” property numbers from Attom show that to date they haven’t changed much despite a spike in foreclosure filings. Foreclosure filings jumped 14% in April compared to the same month the previous year, but property vacancies remained stable, according to Attom’s second quarter report. ICE Mortgage Technology’s recent report also noted a marked increase […]

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4 obstacles banks face in getting a return on AI

Artificial Intelligence, Core conversions, Technology /

As banks continue to invest in artificial intelligence software — at the end of last year, 40% of respondents in an American Banker survey said they planned to increase AI spending in 2025 — the question arises, are they seeing a return on this investment yet? In a follow-up American Banker survey released in May,

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President Trump walks with Fed Chair-nominee Jerome Powell

Trump, Powell discuss economic outlook at White House

Federal Reserve, Monetary policy, Politics and policy /

Andrew Harrer/Bloomberg Federal Reserve Chair Jerome Powell met with President Donald Trump at the White House on Thursday to discuss the economic outlook and monetary policy. During the meeting, Powell did not discuss his outlook for the federal funds rate, according to a statement issued by the Fed on Thursday afternoon. Instead, the central bank

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Musk-Elon-BL103123

Musk departs White House, leaving CFPB in limbo

CFPB News & Analysis, Politics, Politics and policy /

Nathan Laine/Bloomberg WASHINGTON — Elon Musk is leaving the Trump administration after guiding some of President Donald Trump’s most radical attempts to dissolve government agencies, including efforts to greatly diminish the headcount at the Consumer Financial Protection Bureau.  Musk’s time in Washington has been fraught with uncertainty, including the extent to which he is responsible

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Mortgage rates rise again to highest level since February

MARKETING TO BORROWERS, Mortgage Rates, Originations /

Mortgage rates rose for the third consecutive week, and are now at their highest level since the start of February, the Freddie Mac Primary Mortgage Market Survey reported. The 30-year fixed-rate mortgage averaged 6.89% on May 29, up 3 basis points from last week when it was 6.86%, but below one year ago at this

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US pending home sales drop by most since 2022 on mortgage rates

Housing Inventory, Housing markets, Originations /

Pending sales of previously owned US homes last month fell by the most since September 2022, illustrating a disappointing spring selling season as prospective buyers balk at high asking prices and borrowing costs.  READ MORE: Spring housing outlook: not all bad news An index of contract signings dropped 6.3% in April to 71.3, according to

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Beyond the desk: Why luxury office design is the new competitive edge in 2025

Contributors, HWmember, Opinion /

As tenants return in person, office space has become more than just a workplace. It’s now a recruitment tool, a retention strategy, and a competitive differentiation in the market. In today’s post-pandemic reality, where employees have become accustomed to working at home, companies need to think about how they can encourage their employees to return

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Meet the Warren Buffets of the 2025 housing market

Auction.com, Housing Market, Housing Market Data, Real Estate, Sponsored /

Experienced auction buyers expect to buy more this year, but at lower prices. Meanwhile auction sellers are expecting more foreclosures with less equity. Despite the tariff-triggered uncertainty hovering over the economy in recent months — or possibly because of it — experienced buyers of distressed properties at auction have remained remarkably optimistic about their property

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Women are setting the standard for careers in the title insurance industry

Contributors, HWmember, Opinion /

“You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose. You’re on your own. And you know what you know. And YOU are the one who’ll decide where to go…”― Dr. Seuss, Oh, the Places You’ll Go! This month, millions of students at colleges and universities will

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