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, ...
Read More »Could Eliminating Single-Family Housing be Good?
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 ...
Read More »State of Emergency Declared for Florida
Projections say Puerto Rico may be spared from a direct hit, but the storm is making its way to Florida’s Atlantic coast.
Read More »The Value of Valuations: What’s It Worth?
Evolving technology, updated systems, and the impact of natural disasters are all changing the way many handle appraisals. What’s next for the industry as 2020 approaches?
Read More »Increases in Home-Price Growth Lagging in June
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% ...
Read More »Next Recession Could ‘Destroy’ Younger Generation
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 ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »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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