Tuesday , 18 December 2018

Housing Wire

Housing Wire

Relax, underwriters, it’s just rural

Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. A spotlight has been cast on the rural space with questions probing why rural properties often face excessive underwriting conditions for appraisal issues and how rural lending can be increased to differentiate an organization. Via:: Relax, underwriters, it’s just …

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Core Logic: Mortgage rates average a 7-year high

Home prices continued to climb in May, according to the latest Home Price Index report from CoreLogic. CoreLogic President and CEO Frank Martell says even in the most expensive markets, renters are four times more likely to purchase than homeowners are willing to sell. Via:: Core Logic: Mortgage rates average a 7-year high       

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An inside look at the battle over AVMs

[Expert commentary] There’s a serious battle being waged right now over automated valuation models. Some in the housing industry love AVMs, while others despise them. And AVMs only seem to be growing in popularity. But what happens if one company gets accused of stealing another company’s AVM formula? Via:: An inside look at the battle over AVMs       

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Raising children no longer pushes new parents to get a mortgage

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 decision to delay having a family. But now, a new study shows that even having children may not be as strong of a motivator to buy a home as it once was. …

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ClosingCorp to integrate CoreLogic Property Tax Estimator

ClosingCorp, a residential real estate closing cost data and technology company, is integrating CoreLogic’s Property Tax Estimator with its SmartFees service to improve the accuracy of its loan estimates and provide better data to mortgage pros. The integration is slated to complete in the third quarter. Via:: ClosingCorp to integrate CoreLogic Property Tax Estimator       

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