The ongoing slump in existing home sales is quite likely to curb consumer spending in the U.S. in the not-too-distant future, economists at First American Financial warn. With the exception of the fourth quarter of 2024, existing home sales have declined year-over-year for 15 consecutive quarters. But durable goods purchases tied to housing are still […]
Stagnant home sales likely to be a drag on US economy Read More »
Foreclosures in 2025 are exceeding last year’s pace, but servicers are also managing to turn around the process more rapidly, according to a new report. Total filings, including default notices, auctions and bank repossessions, surged to 187,659 properties by midyear, up 5.8% compared to the first six months of 2024, according to the latest report
Foreclosures exceed last year’s pace by 6% Read More »
The founder of Figure is moving to recombine the company he split into two parts just a year ago Mike Cagney, the head of the fintech firm, announced via LinkedIn that Figure, the firm’s lending arm, and Figure Markets, a blockchain-powered financial marketplace, will become one entity again. “I split the company in two last
Figure to recombine lending arm and marketplace into one entity Read More »