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Author Archives: Mike Albanese

Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville.

New Tech Program Announced by Flagstar Bank

Flagstar Bank and Detroit FinTech Bay today announced the first startups to participate in the Flagstar Mortgage Tech Accelerator Program. The three companies are Brace, which focuses on servicing non-performing loans, boost.ai, which develops A1-based chatbots for the banking sector, ...

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Could Eliminating Single-Family Housing be Good?

residential segregation in housing

A study by the National Association of Home Builders (NAHB) states traditional housing zoning has been seen as a barrier to affordability, and that using policy to promote diversity in housing stick could accommodate a diverse population with varying incomes ...

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Increases in Home-Price Growth Lagging in June

New Homes

Home-price growth slowed in June, as the S&P CoreLogic Case-Shiller Home Price Index reported that prices rose just annually 3.1% in June—a decline from 3.3% growth in May.  Also falling were price gains in 10-city composite, which dropped from 2.2% ...

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Next Recession Could ‘Destroy’ Younger Generation

housing

A new report from The Atlantic states that while inverted yield curves, economic downturns, and slowing growth will impact everyone, it will be the millennials that will be hit the hardest.  “Millennials got bodied in the downturn, have struggled in ...

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What to Make of the QM Patch Moving Forward

The AEI Housing Center discuss the future of the QM patch, more specifically what can be seen, and what is not foreseeable.  AEI states that foreseeable results from the patch are higher home prices, and the unseen are borrowers who ...

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New-Home Sales go in the Wrong Direction in July

Sales of new, single-family homes fell month-over-month by 12.8% in July, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  The report states that an estimated 635,000 homes were sold for the month, far ...

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Freddie Mac Partners with Tech Company to Streamline Processes

LoanLogics, a provider in loan-quality technology for mortgage manufacturing and loan acquisition, announced it is the technology provider behind Freddie Mac’s new tool, Freddie Automated Servicing Transfer (FAST), which streamlines the transfer of mortgage servicing rights for Freddie Mac’s Cash-Released ...

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Companies Partner to Improve Efficiency

Mortgage Cadence, an Accenture company, has integrated CoreLogic’s Print and Ship secure document delivery solution with the latest version of Mortgage Cadence Enterprise Lending Center (ELC). The integration enables ELC users who contract with CoreLogic to reduce manual processes and ...

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