There are currently six wildfires destroying homes along the California coast, and as the fires continue to rage—the estimated reconstruction cost value of more than $5 billion are at significant risk of damage.
Read More »Homeowner Perceptions in Sync with Appraisers
Quicken Loans data reports that the gap between opinions of values from appraisers and homeowners is almost nonexistent—as November marks the 6th consecutive month the margin has narrowed.
Read More »What’s on the Horizon for Housing Affordability?
With a new year on deck, CoreLogic recently released its Economic Outlook report, which predicts the central theme for the 2018 housing market—affordability. According to the analysis, there are three main factors driving this forecast.
Read More »CoreVest Announces Inaugural Deal with Freddie Mac
CoreVest, the lender to residential real estate investors, announced that it has recently been approved under a pilot program with Freddie Mac to provide enhanced liquidity in the single-family rental (SFR) market. The pilot is expected to expand financing options ...
Read More »Fannie Mae Leaders Named in “Most Powerful” List
Fannie Mae’s Jeffery Hayward, EVP and Head of Multifamily, and Kimberly Johnson, EVP and Chief Risk Officer, have been listed among Black Enterprise’s “Most Powerful Executives in Corporate America” for 2017. The annual list identifies 300 prominent African-American executives from the ...
Read More »Roostify to Integrate with Black Knight’s Origination System
Roostify, a provider of automated mortgage transaction technology, announced that it has signed an agreement with Black Knight, Inc., to integrate its platform with Black Knight’s LoanSphere Empower loan origination system (LOS). The integration will enable Empower users to add ...
Read More »Top 10 Housing Markets Still in Recovery Mode
Since the housing crash and recession in 2008, some metro areas have made full recoveries, while others continue to struggle. Recently released data reports the major metropolitan areas that have not yet recovered peak values reached during the previous boom.
Read More »OCC Allows Banks and Associations Affected by Wildfires to Close
On Thursday, the Office of the Comptroller of the Currency (OCC) issued a proclamation allowing national banks and federal savings associations affected by the California wildfires to close. Toney M. Bland, Senior Deputy Comptroller, Midsize and Community Bank Supervision issued ...
Read More »HUD Secretary on Homelessness: “It’s Everybody’s Problem”
On a single night, 553,742 people experience homelessness in the U.S., according to the 2017 national estimate by HUD. Despite the most severe numbers appearing in Los Angeles and New York City, Secretary Carson urged, “It’s everybody’s problem.”
Read More »Silver Lining to Rising Home Prices . . .
Home prices continue to climb both year-over-year and month-over-month, according to the October 2017 Home Price Index (HPI) released by CoreLogic Tuesday Morning. Nationally, prices increased by 7 percent from October 2016 to October 2017—representing the second consecutive month of ...
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