Despite the improvement in delinquencies, foreclosure starts rose to 33K in October, hitting their highest levels in 18 months.
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Purchase Applications Wane as Housing Affordability Reaches 39-Year Low
According to the November 2023 ICE Mortgage Monitor Report, purchase-mortgage applications declined nearly 50% below pre-pandemic levels, with annual home price growth experiencing the weakest monthly gain since January. Read on to learn how sky-high mortgage rates continue to make life difficult for would-be homebuyers.
Read More »Intercontinental Exchange Acquires Majority Interest in MERSCORP
ICE, an operator of global exchanges and clearing houses, has purchased a majority equity interest in MERSCORP, owner of MERS Systems, an electronic registry that tracks mortgage servicing rights changes. How will this transaction benefit the industry?
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