The Dodd-Frank Act is being voted on by the House this upcoming Wednesday. In mid-April, Republicans proposed a reform to the financial system, The Financial Choice Act, which is essentially an “off-ramp” for financial institutions. Find this and more in the Week Ahead.
Read More »May Job Report Hinting at Rate Hikes in 2017
Discouraging results in the May 2017 Employment Situation are leading experts to believe there could be a rate hike in 2017. Unemployment rates were fairly stagnant and though total nonfarm payroll increased, results were well under predictions. Wage growth showed no improvement.
Read More »Despite Week Decrease, Mortgage Applications Up From Last Year
According to the latest Mortgage Bankers Association weekly survey ending May 31, 2017, mortgage applications decreased since last week’s report. The Market Composite Index, a measure of mortgage ...
Read More »Elm Street Technology Acquires Consolidated Knowledge
Elm Street Technology (EST), who offers a portfolio of real estate technology and marketing services companies for agents, teams, and brokerages, recently announced the acquisition of Consolidated Knowledge, a technology platform provider to the residential real estate and multi-family industries. EST aims to offer a single technology solution for lead generation. The acquisition is the next step in EST’s ongoing efforts to consolidate the real estate industry’s leading technology and marketing service providers.
Read More »Appraisal Software Now a New Mobile Application
HouseCanary has integrated their appraisal software into a mobile application. HouseCanary Appraiser now allows appraisers to use the software without relying on web browsers. Appraisers can write reports from start-to-finish on site and cut down on time and costs.
Read More »Possible Cooling of Housing Market to Come
According to the Redfin Housing Demand Index, the amount of customers requesting home tours and writing offers is on an incline. This large demand has lead to housing price increases and shortages in inventory, which has caused experts to wonder if the result will be a cooling of the market. Of the 15 markets Redfin covers, Seattle is currently on track to be the metro with the least inventory.
Read More »The Week Ahead: Immigrant Buyers Impact High End Market
On Wednesday, Zillow will release data on the effects international buyers have on the higher end of the housing market. A related report said foreign born homebuyers helped ...
Read More »Military Family will Receive Free Home From Meritage Homes
Meritage Homes has partnered with Operation Homefront to continue providing mortgage-free, energy-efficient homes to military families. The companies will work with the Homes on the Homefront program to provide a new home in Dallas, Texas. This is the fifth year the two companies will be working together, having helped 600 families since 2012.
Read More »Black Knight Launches Municipal Lien Search
Black Knight Financial Services launched its Municipal Lien Search solution Wednesday to help uncover property debts and reduce risk associated with liens not included on property reports or outside of the scope of title insurance coverage. County debts; code and force violations; waste, water, ...
Read More »Asurity Technologies Announces Integrated Compliance Platform
Asurity Technologies, an enterprise formed to provide the financial services industry with RegTech solutions, announced its formation as an entity bringing together Treliant Solutions, LLC, Risk Management Solutions, Inc., and Mortgage Resources Group, LLC into an integrated compliance platform. According to Asurity, this platform will allow lenders to establish compliance, proactively manage a fair lending and redlining risk, and submit for both HDMA and CRA.
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