Non-QM delinquencies stabilizing across recent vintages

There’s a winner-take-all fallacy in certain industries, says a hedge-fund manager.

Mortgage application volume declined again last week as higher borrowing costs weighed on home purchase demand. The Mortgage Bankers Association (MBA) reported a 2.7% decrease in total application volume on a seasonally adjusted basis for the week ending July 10, even as refinance activity posted a modest rebound. Purchase applications fell 7% from the previous…

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Hotel sales are surging in California, but not for reasons that signal a healthy market. A sharp year‑over‑year jump in deal volume masks a more sobering trend: An unusually large share of those trades involve distressed sellers unloading properties ahead of looming debt maturities, costly upgrades and an unattractive refinancing environment. Brokerage data shows that…

Homebuyers using artificial intelligence to draft complaints and questions are creating additional work and delays in property transactions, according to conveyancing firm RG Law. The firm reports that clients are increasingly using AI to generate lengthy lists of questions without full understanding of their transaction’s context, forcing conveyancers to pause work to correct assumptions before…

Trump Threatens Iran, Hints at Deal as UN Diplomacy Seeks End to Conflict US-Iran Tensions and Diplomatic Efforts at the United Nations By Gram Slattery, Parisa Hafezi and Antoni Slodkowski Trump’s Ultimatum and Possibility of a Deal UNITED NATIONS, Sept 22 (Reuters) – US President Donald Trump warned on Tuesday that he could annihilate Iran…