Black Knight reports slimmer Q2 profit ahead of trial on ICE deal

Black Knight reported slimmer profits and slowing organic growth in the second quarter, largely due to weaker mortgage volume from clients as well as near-term effects from the proposed merger deal with Intercontinental Exchange (ICE).The company’s profit dropped 61% quarter over quarter to $55.3 mi
Read MoreHUD Secretary tackles appraisal bias with NAREB partnership

Secretary of the U.S. Department of Housing and Urban Development (HUD) Marcia Fudge “fired up” the crowd during her keynote speech at the 2023 National Association of Real Estate Brokers (NAREB) Annual Conference when she spoke about the recently-announced HUD-NAREB partnership designed to tackle a
Read MoreMortgage rates tilt towards 7% as the 10-year treasury yield jumps

Mortgage rates continued to inch towards 7% this week as the 10-year treasury yields climbed past the 4% threshold.Investors assessed the state of the U.S. economy after Fitch Ratings downgraded the U.S.′ long-term, foreign currency issuer default rating from AAA to AA+ on Tuesday. The following day
Read MoreLamacchia Realty announces mergers, enters Cape Cod market

Lamacchia Realty recently announces two significant mergers, marking an expansion for the company. Firstly, they are joining forces with Right Choice Real Estate, a well-known legacy brokerage in Massachusetts and Rhode Island for over 25 years. Founders Ron and Dawn Rusin will remain actively invol
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