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Veros predicts home price growth will weaken in 2019

The latest VeroFORECAST from valuations provider Veros Real Estate Solutions predicts an average appreciation of 3.9% over the next year in the 100 most populous markets surveyed – down from the 4.5% predicted last quarter as the company foresees &...

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Mortgage Tech Rundown: Black Knight, Appraisal Logistics and more

In this week’s Mortgage Tech Rundown, we look at a new product enhancement in Black Knight’s Expedite Close solution, as well as updates from ServiceMac and Appraisal Logistics. Source: Housing Wire...

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12049

Appraisal tech startup Reggora raises $3 million in seed funding

Reggora, a Boston-based startup that claims its software can “streamline the appraisal process,” now has $3 million in its coffers to help grow it business. According to the company, its software “condenses and streamlines appraisals by automat...

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12030

Commercial real estate appraisal tech startup Bowery Valuation raises $12 million

Bowery Valuation, which claims that it’s the “world’s first tech-driven commercial appraisal firm,” announced this week that it raised $12 million in its Series A funding round to continue developing its technology and power its growth. Sourc...

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12020

Amrock denied: Judge won’t grant new trial in $740 million fight with HouseCanary

HouseCanary is one big step closer to collecting one of the largest and most unlikely legal awards in the history of the housing industry after a Texas judge denied Amrock’s request for a new trial in the two companies’ $740 million battle over t...

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CoreLogic shifts focus to appraisals, moves away from loan origination software

Moves to accelerate appraisal management company “transformation”. In the last few years, CoreLogic has significantly grown its valuations business through a series of acquisitions, including a la mode, Mercury Network, LandSafe Appraisal Service...

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11933

FHFA: Home prices increase in October

But South Atlantic division retreated 0.6%. Home prices rose in October, inching forward 0.3% from September, and rising 5.7% from the same time last year, according to the latest monthly House Price Index from the Federal Housing Finance Agency. The...

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11932

Class Valuation acquires reverse-focused AMC Landmark Network

Landmark Network, a reverse mortgage appraisal management company, has been acquired by national AMC Class Valuation, formerly known as Class Appraisal. Founded by Erik Richard in 2007, California-based Landmark Network manages the largest volume of ...

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11862

CoreLogic finalizes HomeVisit acquisition

Financial terms of deal not disclosed. Property information and analytics solutions provider CoreLogic has finalized its acquisition of HomeVisit, the company announced Monday. CoreLogic acquired the real estate services provider from Breakaway Holdi...

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11843

What kind of real estate appreciation will the fourth largest MSA see?

In 1971, with construction of the Dallas-Ft. Worth Regional Airport underway, the North Texas Commission, a consortium of businessmen, hired three advertising agencies to suggest a market makeover to attract residents and businesses after the airport...

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Former Accenture exec Michael Detwiler named Class Valuation CEO

Class Valuation has named Michael Detwiler CEO. The news comes just one week after the Michigan-based appraisal management company announced that it was changing its name from Class Appraisal. The move is part of the company’s rebrand to expand i...

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11781

TransUnion: Homeowners will start tapping into their equity in 2019

Mortgage originations are falling and will continue to do so in 2019, but rising home prices could cause an increase in homeowners seeking to tap into their equity, according to the 2019 consumer credit forecast from TransUnion. TransUnion forecasted...

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How will this Midwest MSA fare in the next 12 months?

The latest predictions on real estate appreciation in the Omaha-Council Bluffs MSA. Among the 358 Metropolitan Statistical Areas in the latest VeroFORECAST from Veros Real Estate Solutions, the Omaha-Council Bluffs MSA is one of those that straddle a...

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11679

Class Appraisal changes name to Class Valuation

AMC rebrands to become full-service collateral valuation provider. Class Appraisal, a Michigan-based appraisal management company, has announced that it’s changing its name to Class Valuation to better describe its expanded focus. The company said ...

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11678

OCC seeks public comment on raising appraisal exemption threshold

Would be first increase since 1994. The three federal banking agencies announced they are seeking public comment on a recent proposal to raise the threshold for residential real estate transactions that require an appraisal. The Board of Governors of...

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2018 HW Vanguard: Olumide Soroye

CoreLogic managing director of property intelligence and risk management. Olumide Soroye is a champion of innovation, dedicating his efforts to bettering the housing market with the implementation of data and technology. In fact, Soroye has worked on...

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2018 HW Vanguard: John Frass

Class Valuation president. Since John Fraas took the helm of Class Valuation as president just over a year ago, the company has seen tremendous growth all while maintaining a positive work environment. Growing the company by 22% in such a short amoun...

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2018 HW Vanguard: John Fraas

Since John Fraas took the helm of Class Valuation as president just over a year ago, the company has seen tremendous growth all while maintaining a positive work environment. Source: Housing Wire...

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FHA automates reverse mortgage second-appraisal process

Lenders will now get an immediate response. The Federal Housing Administration fully automated the second-appraisal process for reverse mortgage lenders on Friday, a move it had promised would come by December 1st. In September, the agency announced ...

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11613

Former head of FHA and MBA David Stevens blasts reverse mortgages

Suggests fixes to curtail “outrageous profits” and “predatory sales approach”. David Stevens isn’t a fan of reverse mortgages, and he’s not afraid to say it. The former commissioner of the Federal Housing Administration ...

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Brian Coester claims "We are not out of business," as AMC runs into financial difficulty

The Maryland law firm of Shapiro Sher Guinot & Sandler PA sent a letter November 14th to the appraiser clients of one of the nation’s largest appraisal management companies, CoesterVMS. This letter marked the beginning of tough times ahead for ...

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11564

FHFA: Home Prices are Slowly Increasing

Rise 6.3% from Q3 2017. Home prices moderately increased in the third quarter of 2018, rising only 1.3% month over month but still up 6.3% from the same quarter last year. Home prices increased in September, rising only 0.2% from August, according to...

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11561

[Expert commentary] A paradigm shift in valuation speed for HELOC lenders

Valuation platforms can help lenders capitalize on boom in home equity lending A new mortgage loan is triggered with consideration of two numbers: the borrower’s credit worthiness (FICO) and the worth of the collateral pledged for the loan (a valua...

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11543

Waiting in line on Black Friday? Read these 5 housing articles

Check these out to get up to speed on the latest in the housing space. The Thanksgiving leftovers are put away and Black Friday shopping is finally upon us! While you wait in line for that great deal, check out these articles to stay up to speed on w...

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Radian grows valuations business by acquiring Independent Settlement Services

Independent Settlement Services will eventually be rebranded. Radian Group is growing its valuations business, as the company announced Wednesday that it acquired Independent Settlement Services, a national appraisal and title management services com...

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11483

With Amazon moving in soon, how will this nearby Virginia real estate market fare?

Will Richmond market feel ripple effect from Amazon’s HQ2? The recent announcement that one of Amazon’s two new headquarters will be in Arlington, Virginia, just over an hour’s drive from historic Richmond, may begin to have ripple effe...

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11484

Appraisers accuse federal regulators of recreating housing crisis conditions

Appraisal Institute blasts proposal to eliminate appraisal requirement on certain home sales. As one might expect, appraisers are none too pleased about the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Board...

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11482

Regulators propose ending appraisal requirement on some home sales of $400,000 and below

FDIC, OCC, Fed propose raising appraisal threshold for first time since 1994. Federal regulators are proposing to increase the threshold at which residential home sales require an appraisal for the first time since 1994. On Tuesday, the Federal Depos...

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11461

FHA will Not Cut Mortgage Insurance Premiums

Actuarial report reveals insurance fund is in good health, but Montgomery says premiums will stand. The Federal Housing Administration released details on the health of its flagship Mutual Mortgage Insurance Fund Thursday, revealing a positive econom...

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11411

Amrock levies blockbuster claims against HouseCanary, wants $740 million verdict overturned

Claims HouseCanary engaged in collusion, fraud, and deception. HouseCanary and its top executives engaged in collusion, fraud, and deception as part of an effort to convince a jury to order Amrock to pay out one of the largest judgments in the countr...

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Class Appraisal hires new SVP of valuation transformation and engagement

Julie Jones expected to develop solutions and facilitate market adoption. Class Appraisal, a HousingWire Tech100 winner, announced Tuesday that Julie Jones has been appointed senior vice president of valuation transformation and engagement. Jones is ...

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Appraisal experts: Here’s how you can best prepare your borrower

Set expectations, and if they must appeal, bring solid comps. Borrowers often have considerable expectations when it comes to their home’s estimated value, and navigating these can be tough for both the loan officer and the appraiser. Experts from ...

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Here are the 10 MSAs with the lowest appreciation

VeroFORECAST predicts 7 out of 10 markets will see property values decline. The latest VeroFORECAST report, released in September for third quarter 2018, projected changes in real estate values for 358 Metropolitan Statistical Areas over the next 12 ...

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Committee tracks impact of FHA’s second appraisal rule

Collects lender data looking for clues on FHA’s methods. Members of the HUD Issues Committee within the National Reverse Mortgage Lenders Association are taking a deep dive into the Federal Housing Administration’s second appraisal rule for selec...

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11209

NAR: Rising home prices push prospective buyers out of market

Low inventory persists in suppressing housing market. Home prices increased in the third quarter due to the continued low levels of housing inventory, keeping many potential homebuyers out of the housing market. The national median existing single-fa...

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11208

HUD: Reverse mortgage second appraisal rule affecting about 20% of HECMs

Panel gives update on impact of recent HECM program changes. The latest mandate requiring a second appraisal on select reverse mortgage loans has affected about 20% of HECM appraisals so far, according to representatives from the Department of Housin...

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11185

Amrock ordered to pay $740 million to HouseCanary for trade secret theft

Texas judge hands down largest judgment in U.S. this year. A Texas judge last week ordered Amrock, the title insurance, settlement services, and valuations provider formerly known as Title Source, to pay just shy of $740 million to HouseCanary after ...

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This real estate market will see almost 12% in appreciation

This Washington state MSA is projected to lead in appreciation. The new VeroFORECAST is now out with predictions that the 10 Metropolitan Statistical Areas at the top of the report will appreciate from 9.3 to 11.7% through September 1, 2019. The repo...

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Housing options disappear for low-income renters

Even high-income renters struggle to find units. Low income renters are struggling with housing needs as they fight against competition for the shrinking number of affordable units, according to a new analysis from Harvard University’s Joint Center...

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FHFA: Home prices increase 0.3% in August

Home prices rose in August, inching forward 0.3% from July according to the latest monthly House Price Index from the Federal Housing Finance Agency. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or gua...

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FHA’s second appraisal rule for HECMs has minimal impact so far

Most lenders say about 15% of loans are being flagged. It’s been just a few weeks since the Federal Housing Administration announced that it will now require a second appraisal on select reverse mortgage loans, but lenders are already feeling the e...

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11037

FHA publishes FAQ on second appraisal mandate for reverse mortgage loans

Clarifies specifics for HECM lenders. Reverse mortgage lenders must now submit appraisals to the Federal Housing Administration for a collateral risk assessment before endorsement – a new rule that went into play on October 1. The guideline was iss...

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11021

Class Appraisal names Gary Ferguson as its new CTO

Ferguson will lead Class Appraisal’s new tech development efforts. Class Appraisal named Gary Ferguson as its chief technology officer to spearhead its pursuit of tech solutions. “The valuation space is ready for a new era of innovation, and ...

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Veros: Washington, Nevada will see most home value appreciation next year

Reveals lists of top 10 most and least appreciating markets. Valuations provider Veros predicts seven of the 10 top-appreciating markets in the next 12 months will be in Washington and Nevada. The company’s latest VeroFORECAST, which covers the 12-...

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FHA Commissioner Brian Montgomery hints at issues in FHA appraisals

The world’s largest mortgage insurer can only check for mortgage defects on a “small” number of mortgages due to technological shortcomings and that’s leading to a potential rise in appraisal-related issues. The Federal Housing Administration...

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Hurricane Michael may prevent thousands of mortgages from closing

ClosingCorp: More than 1,600 pending transactions are in jeopardy. Hurricane Michael made landfall Wednesday, ravaging the Florida panhandle and leaving significant devastation in its wake as wind gusts surpassed 150 mph. The storm, which was just sh...

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Texas Real Estate Commission, Appraiser Board accused of ignoring customer service “crisis”

Government watchdog says licensing agencies are hoarding money. The agencies that license real estate agents and appraisers in the state of Texas are ignoring a customer service “crisis” while hoarding money that could be used to address a laundr...

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How will FHA’s new HECM appraisal rules affect reverse mortgage lending?

AMCs weigh in on the mandate requiring second appraisals on select loans. The reverse mortgage program is no stranger to change. For years it has weathered repeated guideline revisions from the U.S. Department of Housing and Urban Development. All of...

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How real estate may fare in Fargo, North Dakota

Property values are projected to appreciate at just over 3% through next May. Fargo’s notoriety, at least as a pop culture reference, has been on the rise since the release of a Coen brothers’ comedy in 1996 and recent success of the tele...

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10843

FHA: We saw appraisal issues on 37% of HECM loans

Agency will use confidential collateral risk assessment to look for patterns among lenders The Federal Housing Administration’s investigation into possible appraisal inflations on reverse mortgage loans revealed an issue the agency decided it must ...

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10829

FHA to require second appraisal on select reverse mortgages

Aims to combat inflated valuations, reduce MMI Fund risk. The Federal Housing Administration announced Friday that it will require reverse mortgage lenders to provide a second property appraisal on loans flagged by FHA as potentially having an inflat...

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10814

FHFA: Home prices increase 0.2% in July

East South Central division sees weakest annual house appreciation of all divisions. Home prices increased in July, inching forward 0.2% from June, according to the latest monthly House Price Index from the Federal Housing Finance Agency. The FHFA mo...

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10759

Restarting motor city

After bankruptcy and bailout, fortunes in Detroit-Warren-Livonia, Michigan MSA are turning over again. Five years ago, as the four-year, $80 billion bailout of its idling Big Three economic engine was ending, Detroit, the principal city in the Detr...

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Is a home improvement loan worth it? Goldman Sachs, HouseCanary team to help borrowers decide

Launch home addition calculator Goldman Sachs appears ready to continue growing its personal lending venture, Marcus, and it’s going to use one of the housing industry’s data leaders to do it. Goldman Sachs launched Marcus in 2016 expanding its l...

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10416

This southern MSA’s property values keep rising

Which city has seen an uptick in appreciation? Atlanta’s city seal includes the image of the mythological Phoenix, symbol of rising from the ashes. Anyone who is familiar with Civil War history, or has even watched Gone with the Wind, knows tha...

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FHFA: Home prices rise at slowest pace in last four years

Home prices up 6.5% from Q2 2017. Home prices slightly increased in the second quarter of 2018, rising only 1.1% but still up 6.5% from the same quarter last year. Home prices increased in June, rising only 0.2% from May, according to the latest mont...

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10341

Pro Teck Valuation Services acquires Direct Valuation Services

Pro Teck to leverage synergies with DVS to expand offerings and client base. The trend of consolidation among appraisal management companies is about to continue, as Pro Teck Valuation Services announced this week that it bought cloud-based valuation...

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10320

The No. 1 U.S. market just got more affordable

Builders focusing on more affordable housing. If you answered San Francisco, you would have been right, that is, if we were talking about home prices. But we’re not. In terms of new home starts, the Dallas/Ft. Worth area remains the No. 1 market in...

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10186

Bottom’s up: Here are 10 markets projected to see depreciation

See which markets are projected to depreciate or stay the same. Nine of the 354 Metropolitan Statistical Areas included in the latest VeroFORECAST of projected real estate values are predicted to depreciate in the next year. While that can’t be...

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10169

Trump administration calls for sweeping changes to financial ecosystem

“Regulatory sandboxes,” eMortgages, online notarization, automated appraisals, more The Trump administration on Tuesday called for a series of changes to the country’s financial and mortgage ecosystems that, if enacted, would supercharge the fi...

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10068

Case-Shiller: Home prices rising at least twice the rate of inflation

West Coast sees double-digit home price growth To absolutely no one’s surprise, home prices increased once again in May, and even showed double-digit gains in some markets on the West Coast, and increasing at two to three times the rate of inflatio...

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10065

Relax, underwriters, it’s just rural

How to maximize appraisal underwriting approvals in rural markets. Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. A spotligh...

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10043

FHFA: Home prices see slight increase in May

Increases in West South Central and Mountain division. Home prices moderately increased in May, rising only 0.2% from April, according to the latest monthly House Price Index from the Federal Housing Finance Agency. The FHFA monthly HPI is calculated...

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9992

Is real estate appreciation shifting west?

Forecasts of higher real estate appreciation continue to tilt west. Just as America’s population growth moved west from the Atlantic, real estate appreciation is trending in that direction, too. According to projections within the 2nd Quarter 2...

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9952

Mortgage industry increases focus on jumbo loans amid rising home prices

Launch multimillion-dollar home loan products. Several players in the mortgage industry are increasing their focus on higher loan amounts for residential home buyers as home prices continue to increase. The median price for a home in California, for ...

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9423

CoreLogic and The Columbia Institute to launch appraiser training program

The two companies have teamed up to train a pipeline of tech savvy-appraisers CoreLogic and its subsidiary The Columbia Institute are launching an appraiser training program. The impetus behind the program is to bolster the ranks of appraisers in the...

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8809

ClosingCorp to integrate CoreLogic Property Tax Estimator

ClosingCorp to enhance its SmartFees service with CoreLogic’s tech in Q3 HousingWire Tech 100 winner ClosingCorp, a residential real estate closing cost data and technology company, is integrating CoreLogic’s Property Tax Estimator with its S...

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8808

Raising children no longer pushes new parents to get a mortgage

Renting families increase up to 73% in some areas. Millennials waited longer than previous generations to enter the home-buying market, a phenomenon many experts blamed on low housing inventory, higher student loan debt and the younger generation’s...

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8799

Class Appraisal promotes Jon Tallinger to chief growth officer

  Tallinger named to newly created role. Class Appraisal, an appraising management company, announced on Monday that it promoted Jon Tallinger to the newly created position of chief growth officer. Prior to his promotion as chief growth officer,...

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8796

Core Logic: Mortgage rates average a 7-year high

Despite high home prices, demand is strong for homeownership Home prices continued to climb in May, according to the latest Home Price Index report from CoreLogic, a global property information, analytics and data-enabled solutions provider. (Source ...

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8712

An inside look at the battle over AVMs

What exactly makes a company’s valuation system a “trade secret”? An intellectual property court case that was decided this spring has elevated the topic of Automated Valuation Models, or AVMs, into the public discourse. While normally confined...

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8711

Mortgage rate decline isn’t helping your borrowers

  Mortgage payments still up 18% from last year Mortgage rates are currently decreasing, falling in four of the past five weeks, and yet new borrowers are still paying significantly more on their mortgages than those who bought a home this time ...

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8664

ATTOM Data Solutions launches new automated valuation model

New “lender-grade” AVM available for 80 million homes. ATTOM Data Solutions announced it partnered with AVM Analytics, a valuation software development firm, to launch a new lender-grade automated valuation model solution, which it calls ...

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8626

Cushman & Wakefield files for IPO

  Real estate giant files for IPO, hoping for $1 billion and valuation of $5 billion Commercial real estate mega-company Cushman & Wakefield filed for IPO, the next step on its path to ascending to the top rung with CBRE and JLL. According t...

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8602

FHFA: Home prices rise slowly

Interest rates contribute to continual slowdown Home prices increased slightly in April, rising only 1% from March, according to the latest monthly House Price Index from the Federal Housing Finance Agency. The FHFA monthly HPI is calculated using ho...

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8581

Efficient collateral valuation: Keys to lending success

Here are Three Keys to Success Just one quarter into 2018, financial institutions are already experiencing stress in the face of diminishing mortgage loan origination levels and increasing competition. The Mortgage Bankers Association correctly predi...

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8545

Monday Morning Cup of Coffee: Trump to nominate Kathy Kraninger to lead CFPB

White House confirms OMB official will be named to lead agency Monday Morning Cup of Coffee takes a look at news coming across HousingWire’s weekend desk, with more coverage to come on larger issues. Looking ahead to this week, HousingWire will be ...

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Monday Morning Cup of Coffee: Ben Carson backtracks on plan to raise rents for poor

Plus what to expect in world economy’s most important week Monday Morning Cup of Coffee takes a look at news coming across HousingWire’s weekend desk, with more coverage to come on larger issues. The U.S. Department of Housing and Urban Developm...

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8412

CoreLogic: Home equity gains top $1 trillion in first quarter

84,000 residential properties regain equity Homeowner equity topped $1 trillion in the first quarter of 2018, according to the Q1 2018 home equity analysis from CoreLogic, a property information, analytics and data-enabled solutions provider.  Home...

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8411

CoreLogic: Home values increase in all 50 states

Home prices showed yet another surge in April as year over year values increased for all  50 states, according to the latest Home Price Index report from CoreLogic, a global property information, analytics and data-enabled solutions provider. Ho...

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8333

Greater Austin should keep getting great property values into 2019

Appreciation for the Heart of Texas Texas independence and musical independents are closely associated with the Austin-Round Rock Metropolitan Statistical Area in Central Texas, the 35th largest metropolitan area in the U.S. All five counties that co...

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8265

Las Vegas residents may need deeper pockets

Ranked most the overvalued housing market in the nation Perhaps underperforming income growth and rising unemployment would suggest low home prices, but Las Vegas is the most overvalued housing market in the nation, a new report for Fitch Ratings s...

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8266

Case-Shiller: Rising mortgage rates, home prices pull on affordability

Current pace may not be sustainable Homebuyers are going to continue to need larger loans as home prices increase, according to the latest report released by S&P Dow Jones Indices and CoreLogic. The S&P CoreLogic Case-Shiller U.S. National...

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8247

Valuation Partners launches tool for appraisal process

New solution seeks to increase transparency, minimize delays This week, appraisal management company Valuation Partners announced the launch of a new appraisal tool that aims to increase transparency and minimize delays associated with appraisal appo...

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8146

NAR: Housing inventory hovers at all-time lows

  Drives home price growth in Q1 Inventory levels hovered at all-time lows in the first quarter of 2018, driving up home prices, according to the latest quarterly report from the National Association of Realtors. The median existing single-famil...

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8111

Marc Hinkle promoted at Assurant Mortgage Solutions

  Will serve as managing director of Assurant Valuations Assurant Mortgage Solutions, a global provider of risk management solutions, announced it promoted Marc Hinkle to managing director of Assurant Valuations. In his new role as managing dire...

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8110

How data and technology innovation are transforming valuations

Technological paradigm shift underway is setting a new standard for valuations Technology innovation is rapidly permeating every aspect of mortgage lending to streamline the loan manufacturing process and open the door to a better borrower experience...

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This Florida metro is predicted to see a rising tide of appreciation

Which Gulf Coast metro is predicted to see measured appreciation this year? In March 2017, the Sarasota Herald-Tribune published an article entitled “7 reasons Sarasota is (still) best place to live in Florida.” Though it may have sounded...

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8031

Monday Morning Cup of Coffee: Start of year sees strongest home price growth since 2005

Happy Cinco de Mayo! Hispanic homeownership is booming This week, the U.S. celebrated Cinco de Mayo! Fun fact – Mexicans don’t celebrate this back in Mexico, except maybe in the state of Puebla. Also, to clear all confusion, this isn’t the Mexi...

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7989

Seriously underwater properties see smallest ever annual decrease

Home equity growth slows in Q1 The first quarter of 2018 saw the smallest annual decrease in seriously underwater properties since ATTOM Data Solutions began tracking in the first quarter of 2013. At the end of the first quarter of 2018, more than 5....

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7880

EXCLUSIVE: New data shows there is no housing affordability crisis

Much has been said in recent months about the mounting housing affordability crisis in the U.S., including blaming it for holding back home sales, suggesting how U.S. Department of Housing and Urban Development Secretary Ben Carson can solve the cris...

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7879

CoreLogic: Rising home prices create unstable market conditions

Home prices showed yet another surge in March, causing worry over rising affordability issues, according to the latest Home Price Index report from CoreLogic, a global property information, analytics and data-enabled solutions provider. Home prices i...

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7815

FHFA: Home prices still on the rise

But growth could see moderation in 2018 Home prices are still on the rise, increasing once again in February, according to the latest monthly House Price Index from the Federal Housing Finance Agency. Home prices increased 0.6% from January, the repo...

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7723

Rolling the dice on Atlantic City

To quote Springsteen, “maybe everything that dies someday comes back.” In 1981, Louis Malle’s Atlantic City, starring Burt Lancaster and Susan Sarandon, joined the few dozen films nominated for all “Big Five” Academy Awa...

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7724

Case-Shiller reports increase in home price growth

Experts say rising home prices won’t stop anytime soon Home prices increased across the U.S. in February, picking up the pace in annual price gains, according to the latest report released by S&P Dow Jones Indices and CoreLogic. The S&P Cor...

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7725

Class Appraisal names Scot Rose chief innovation officer

Former president of Valuation Connect joins AMC Fresh off being acquired by Narrow Gauge Capital, appraisal management company Class Appraisal announced Monday that it named Scot Rose as the company’s new chief innovation officer. At Class, Rose wi...

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7726

This is what sells for $1.23 million in the San Francisco area

Think home prices in your area are unaffordable? If you live in California, especially the Bay Area, you might be right. For everyone else, reading this article might help you feel better about home prices in your area. A home just sold in the Bay Ar...

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7727

Over half of U.S. metros surpass pre-recession peak prices in Q1

Some metros up more than 60% During the first quarter of 2018, 54% of U.S. metros posted median home prices that surpassed their pre-recession peaks, according to the Q1 2018 U.S. Home Sales Report from ATTOM Data Solutions, a national property datab...

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7728

First-time homebuyers struggle amid rising affordability challenges

Can only afford 20% of housing stock in some markets Affordability continues to slip across the U.S., falling even further from last year as home prices continue to rise and mortgage rates increase, according to a joint report from the National Assoc...

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7729

Trend spotting: Appraisers take issue with Fannie Mae’s Collateral Underwriter

Still several mortgage lender benefits to using this tool As a mortgage underwriter, if I see something happen enough, it can become a trend. One thing I’ve noticed lately is appraisers are firing back against Fannie Mae’s Collateral Unde...

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