Real Estate News and Information

CFPB considering ending public access to bank complaints

24-04-2018

A new report from the Wall Street Journal says the Trump administration is considering ending the public's access to a complaints database for financial companies. “I don’t see anything in here that says I have to run a Yelp for financial services sponsored by the federal government,” Mulvaney told an audience...

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U.S. Treasury boasts deregulation reform accomplishments

24-04-2018

Tuesday, the U.S. Department of the Treasury released a 21-page report entitled Regulatory Reform Accomplishments Under President Trump’s Executive Orders, which, as the title suggests, details the actions it has taken toward decreasing regulations.Read more: https://www.housingwire.com/articles/43193-us-treasury-boasts-deregulation-reform-accomplishments

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China Oceanwide’s $2.7 billion acquisition of Genworth Financial still on hold

24-04-2018

It’s been 18 months since China Oceanwide Holdings Group, one of China’s largest companies, announced that it planned to buy Genworth Financial, one of the U.S.’s largest mortgage insurers, for $2.7 billion, but the deal still isn’t done yet. The deal was initially expected to close in the middle of...

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Home Prices on Long-Term Spell Upward

24-04-2018

Home prices are continuing their long-term spell upward, with a February gain of 6.3 percent, according to the S&P CoreLogic/Case-Shiller Indices. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index’s 10-City Composite, which is an average of 10 metros (Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San...

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Planning a Vacation Getaway?

24-04-2018

NAR PULSE—Remind your agents that NAR members get discounts year-round on car rentals. Take advantage of your member benefits the next time you rent a car through REALTOR Benefits® Program partners Avis®, Budget® and Hertz® and save up to 25% off base rates. Add coupon codes for even bigger savings...

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New-Home Sales Take Off

24-04-2018

March new-home sales took off, up 4 percent to 694,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $369,900, while the median was $337,200. New-home listing inventory was 301,000—5.2-months supply. “The March new-home sales report is consistent with...

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Q&A: Tavant Technologies’ Atul Varsheneya on artificial intelligence and machine learning

24-04-2018

During the Mortgage Bankers Association's recent Tech Solutions conference, HousingWire sat down with Tavant Technologies’ Atul Varsheneya to discuss the disruption that artificial intelligence and machine learning can cause in the lending and mortgage spaces. Varshneya works at Tavant as a vice president and leads the company’s artificial intelligence / machine...

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Q&A: Tavant Technologies’ Atul Varshneya on artificial intelligence and machine learning

24-04-2018

During the Mortgage Bankers Association's recent Tech Solutions conference, HousingWire sat down with Tavant Technologies’ Atul Varshneya to discuss the disruption that artificial intelligence and machine learning can cause in the lending and mortgage spaces. Varshneya works at Tavant as a vice president and leads the company’s artificial intelligence/machine learning (AIML)...

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FHFA on credit score delivery: forgotten lessons

24-04-2018

Recently, FHFA posted a Request for Input asking for opinions concerning options for changing the delivery of credit scores to the GSEs, underwriters and investors. FHFA is considering various options to change the current system. Any such choice in the end is the outcome of a detailed cost-benefit analysis, but...

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The only way to buy property in Shanghai these days is to…

24-04-2018

Developers in Shanghai are resorting to lotteries as buyers outnumber the homes for sale, South China Morning Post reports.Read more: https://www.cnbc.com/2018/04/24/the-only-way-to-buy-property-in-shanghai-these-days-is-to-win-the-lottery.html

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FHFA: Home prices still on the rise

24-04-2018

Home prices are still on the rise, increasing once again in February. But one expert said a rise in debt-to-income ratios looks to have supported house price gains over the past few months but, with mortgage interest rates now on the rise, he still expects a slight moderation in growth...

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WEI Mortgage becomes latest victim of data breach

24-04-2018

Virginia-based WEI Mortgage disclosed this week that is the victim of a data breach that may have exposed the highly sensitive personal information of the lender’s customers. WEI Mortgage, which is a subsidiary of Arc Home, revealed Monday that it discovered in September 2017 that one of its employees was...

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