The Warren Group

05/16/2023

Proptech companies are on the cutting edge of the real estate and mortgage industries, but their innovations require a lot of complex data. We simplify these data points (which are often in the millions) so proptech companies can keep innovating with the peace of mind that they're getting reliable data. Learn how in our latest blog. https://bit.ly/3ByDxSO

In recent years, the real estate industry has witnessed a remarkable transformation through the advent of technology. Proptech companies, fueled by data-driven insights, have emerged as catalysts in reshaping the way we buy, sell, and invest in properties.

11/29/2022

After hopeful signs emerged from the last Fed meeting, two leading central bankers are signalling that interest rates could stay quite high through next year, dampening the housing market.

Two Federal Reserve officials said Monday that they favor raising the Fed’s key rate to roughly 5 percent or more and keeping it at its peak through next year – longer than many on Wall Street have expected.

11/11/2022

Will Compass be able to keep attracting agents even as it hits choppy waters? The answer appears to be yes – at least so far.

09/30/2022

The newest Conference of State Banking Supervisors’ survey shows the stagnating economy is weighing on community bankers’ minds.

https://bit.ly/3T32jS3

09/12/2022

Trying to sell a home in a flood-prone area? A big new study shows buyers who are aware of a flood's home risk are much less likely to bid on it, or even look at it.

https://bit.ly/3RU0tCe

08/30/2022

Homebuilders are cutting back: not just in the number of bedrooms, but also the number of bathrooms and anything else where they can make their plans less expensive to build.

08/30/2022

Wood-framed construction might historically be associated with single-family homes, but mass timber – an engineered wood product – increasingly appears to be a low-cost option for many future building types.

Wood-framed construction might historically be associated with single-family homes, but mass timber – an engineered wood product – increasingly appears to offer benefits for a wide range of commercial building types.

08/26/2022

The share of borrowers applying for an adjustable-rate mortgage is the highest it’s been in 15 years, a new analysis by Zillow has found, but it's not like the lead-up to the subprime mortgage crisis.

The share of borrowers applying for an adjustable-rate mortgage is the highest it's been in 15 years, a new analysis by Zillow has found, but unlike the lead-up to the subprime mortgage crisis, these borrowers remain well-qualified.

08/26/2022

Federal Reserve Chair Jerome Powell delivered a stark message this morning: The Fed will likely impose more large interest rate hikes in coming months to tame inflation.

Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed is resolutely focused on taming the highest inflation in four decades.

08/25/2022

The numbers are in for Q2 of 2022 - borrowing increased and delinquencies declined. Check out the latest:

As we begin quarter three of the year it’s time to look back and analyze how quarter-two rounded out. Mortgage Bankers Association dove into the numbers and here’s what they found…

08/25/2022

The average rate on a 30-year, fixed-rate mortgage has increased to the highest level since late June, just as aspiring homebuyers are preparing for the fall housing market.

The average rate on a 30-year, fixed-rate mortgage has increased to the highest level since late June, according to Freddie Mac.

08/23/2022

Economists at Fannie Mae expect a significant drop in sales of existing single-family homes this year, along with a significant jump in the start of construction on multifamily buildings.

08/18/2022

Bank of America says the revenue it gets from overdrafts has dropped 90 percent from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.

08/12/2022

With banks holding record volumes of commercial real estate loans, the FDIC plans to increase its focus on CRE transaction testing during its next cycle of bank examinations.

08/11/2022

The pandemic startup surge is showing little sign of abating, and some local banks are expanding their financial education programming to support new business owners, and perhaps win new customers along the way.

The pandemic startup surge is showing little sign of abating, and some local banks are expanding their financial education programming to support new – particularly minority – business owners, and perhaps win new customers along the way.

08/11/2022

We're going live today at 12PM to discuss how HOA data can open the door to new business opportunities. Register now and don't miss out! https://bit.ly/3zQWCP2

08/10/2022

Core technology provider Jack Henry & Assoc. plans to acquire Connecticut-based Payrailz, a prominent digital payments company.

Core technology provider Jack Henry & Assoc. plans to acquire Connecticut-based Payrailz, a digital payments company used by several Massachusetts lenders.

08/08/2022

Learn how HOA data powered by The Warren Group can help you bring in new business opportunities. Catch the latest webinar hosted by data experts Trang Vu and Rose Zavala on August 11th at 12 PM EST. Register here: https://bit.ly/3bEBSBO

08/05/2022

Zillow users will soon be able to request a cash offer from iBuyer Opendoor.

Zillow users will soon be able to request a cash offer from iBuyer Opendoor, which recently began serving the Boston metro area.

08/04/2022

For the first time in four months, mortgage rates are below 5 percent, and the fall homebuying season is right around the corner.

The average long-term U.S. mortgage rate fell below 5 percent for the first time in four months, days after the Federal Reserve jacked up its main borrowing rate in an aggressive effort to get inflation under control.

08/03/2022

It’s not just ability to pay that helps knock less-well-off buyers out of the housing market as prices and mortgage interest rates climb through the roof.

It's not just ability to pay that helps knock less-well-off buyers out of the housing market as prices and mortgage interest rates climb through the roof.

08/02/2022

As remote and hybrid work entrench themselves, class B office markets in cities like Boston and New York look like potentially fertile ground for conversion into thousands of new housing units.

As remote and hybrid work entrench themselves, Boston’s class B office market looks like potentially fertile ground for conversion into thousands of new housing units.

08/01/2022

Inflation is at a historic high, the Federal Reserve has raised its benchmark interest rate 2.5 percent in six months and talk of recession is in the air. Yet businesses’ appetite for debt didn’t dim in Q2.

08/01/2022

New data shows signs that Americans won’t likely feel any relief from rising prices anytime soon and that the Federal Reserve will feel compelled to further raise borrowing costs.

Inflation surged in June and workers’ average wages accelerated in the spring – signs that Americans won’t likely feel any relief from rising prices anytime soon and that the Federal Reserve will feel compelled to further raise borrowing costs.

07/29/2022

The OCC’s latest Semiannual Risk Perspective is out, and it offers banking leaders plenty of food for thought about what’s waiting for them around the next corner, according to two attorneys at prominent banking law firm Nutter.

The OCC’s latest Semiannual Risk Perspective is out, and it offers banking leaders plenty of food for thought about what’s waiting for them around the next corner.

07/28/2022

What should you make of the Fed's decision to make another big jump in interest rates yesterday? Here are five takeaways from Chair Jerome Powell's news conference:

Jerome Powell delivered a tough message at the start of a news conference Wednesday: Inflation is way too high, and the Federal Reserve is laser-focused on taming it with higher borrowing costs.

07/26/2022

Experts say to expect a 0.75 percent interest rate hike when a key Federal Reserve meeting ends tomorrow.

Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot as its interest rate-setting committee begins its latest meeting.

07/22/2022

With rising rates came the need to shift lender focus from the refi's that dominated '20 and '21. Check out why reverse mortgages may be the answer.

We previously discussed how purchase mortgages are still in-demand, but not a long-term focus when we can’t predict exactly how rates will change in the future. Today’s market conditions don’t leave room for many campaign options but there is one they’re perfect for – reverse mortgages.

07/20/2022

Homebuilders are waiting to see how homes sell before starting new ones as supply chain problems and rising interest rates bite.

At the same time, apartment developers are kicking production into high gear, new statistics show.

Builder confidence plunged in July as high inflation and increased interest rates stalled the housing market by dramatically slowing sales, buyer traffic and housing starts according to new data.

07/20/2022

Market volatility is no good for banks' wealth management operations.

One mid-sized Massachusetts bank saw its assets under management drop by over $640 million in the second quarter.

Recent market volatility has affected Cambridge Trust Co.’s wealth management business, with the bank’s assets under management dropping by more than $640 million in the second quarter.