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Sun West unveils NFT loan powered by AI technology

Housing Wire

Loan originator and servicer Sun West Mortgage Co. has unveiled the latest version of its proprietary artificial-intelligence (AI) platform, called Morgan, which enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs).

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When & How do Appraiser’s Adjust for Age?

Cleveland Appraisal Blog

That usually appealing to many home buyers. 80% of Home Price Appreciation Since 1990 Was Due To Falling Mortgage Interest Rates? How About Loan Conditions? Let’s think about a home that was just built and never lived in. A brand-new home has a certain type of appeal. It has never been lived in.

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With little competition, homebuilders are feeling better

Housing Wire

Despite the volatile mortgage rate environment and overall economic uncertainty, homebuilder confidence slowly continues to rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. The existing home sales market is significantly bigger than new homes.)

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Builders continue to get a boost from low inventory

Housing Wire

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes.

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