Housing Wire

Housing Wire

Placester continues growth with $50 million capital raise

Over the last few years, Placester, a Boston-based real estate marketing platform, experienced rapid growth, raising $50 million in three rounds of funding and acquiring RealSatisfied, an Australian company that provides a suite of customer satisfaction tools that provides big data insights to brokers, agents and brands. Now, Placester is growing again. Via:: Placester continues growth with $50 million capital …

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Nomura: Don't make too much out of Nationstar CFO's departure

Earlier this week, Nationstar Mortgage surprised the market a bit when it announced that its chief financial officer, Robert Stiles, is departing the company. But according to a report from Nomura, not only does there not appear to be a hidden story behind Stiles’ departure, the company likely won’t suffer at all with Amar Patel serving as interim CFO. Via:: …

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Value of housing market hits 10-year high

The value of the housing market reached its highest point in 10 years and surpassed the pre-crisis peak. This increase was fueled by rising home prices as home equity reached an all new high of $14 trillion. Via:: Value of housing market hits 10-year high       

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CFPB proposes amendments to Equal Credit Opportunity Act

The Consumer Financial Protection Bureau announced it is reassessing the Equal Credit Opportunity Act in order to provide lenders with additional flexibility when collecting consumer ethnicity and race information. The new proposal should hopefully help the industry comply with the law and simultaneously still help protect consumers against illegal discrimination. Via:: CFPB proposes amendments to Equal Credit Opportunity Act       

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CFPB amends Equal Credit Opportunity Act

The Consumer Financial Protection Bureau announced it is reassessing the Equal Credit Opportunity Act in order to provide lenders with additional flexibility when collecting consumer ethnicity and race information. The new proposal should hopefully help the industry comply with the law and simultaneously still help protect consumers against illegal discrimination. Via:: CFPB amends Equal Credit Opportunity Act       

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First American: Fraud and misrepresentation grew in February

First American released its monthly Loan Application Defect Index, which showed loans became more risky in February due to increasing interest rates and a move toward adjustable rate mortgages. What else is behind the rise in these riskier loans? Click the headline to read more. Via:: First American: Fraud and misrepresentation grew in February       

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