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Corcoran launches first franchise in Oregon

Housing Wire

Realtors , was founded in 2014 by Jackson and Matt Lesher. “By embracing Corcoran’s modern technology and tools and continuing to deliver unparalleled service to our dedicated clients in the vibrant Portland market, we are perfectly poised for growth in the future.”

Brokerage 341
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OCC issues final rule to axe 2020 CRA version

Housing Wire

In a statement, the agency said the final rule would “facilitate the ongoing interagency work to modernize the CRA regulatory framework and promote consistency for all insured depository institutions.”. The federal banking agencies have in recent years disagreed on how to modernize the CRA, a 1977 anti-redlining statute.

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Trump nominates Brian Brooks for head of OCC

Housing Wire

Brooks originally took the position of acting comptroller after former leader Joseph Otting announced he was stepping down on May 21, one day after the OCC released its final rule on “strengthening and modernizing” the CRA.

Legal 383
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CFPB proposes rule to bolster PACE loan borrower protections

Housing Wire

Eligible renovations can include property preparation for natural disasters or modernization to a home’s electrical or water systems. Between 2014-2020, the majority of PACE loans were used for natural disaster preparedness.

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The standoff between homebuyers and sellers

Housing Wire

We’ve seen a massive price and payment inflation event with pricing still rising and the biggest mortgage rate increase in a single year in recent modern-day history. The last time total inventory grew was in 2014 because we had weak demand. Now fast forward to 2022. However, with weakness in demand, inventory can accumulate.

Sellers 498
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Opinion: Can tech and iBuyers fix the real estate market?

Housing Wire

For instance, Opendoor was founded in 2014 to make buying a home more efficient – or as they say “reinvent life’s most important transaction.” In the last decade, we’ve seen several digital companies and startups use algorithms and technologies to fix specific pain points in the home-buying process.

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Why housing inventory is so low right now

Housing Wire

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. We had a few years where sales missed expectations in 2013, 2014, and 2015. Wait, what? But we have a housing shortage, right?

Inventory 493