Thu.Aug 26, 2021

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CoreLogic partners with ICE Mortgage Technology

Housing Wire

Analytics vendor CoreLogic announced Thursday that it has entered into an enterprise agreement with ICE Mortgage Technology to integrate and automate its core solutions on ICE’s platform, enabling a more streamlined workflow for lenders. Via the Encompass Partner Connect, a cloud-native third-party-service integration platform, CoreLogic will update critical data-driven processes and make these solutions available to thousands of mutual clients on the ICE Mortgage Technology platform , the analy

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Stewart Strengthens Analytics Abilities with Informative Research Acquisition

Appraisal Buzz

Stewart Information Services Corp. is acquiring Informative Research (IR), a credit, consumer and real estate data and technology services provider. IR serves more than 3,000 customers across the U.S. The purchase price is $192 million and will be funded with available company resources. The transaction is expected to close following the appropriate regulatory review and will be immediately accretive to Stewart’s earnings.

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Stewart Title acquires Informative Research for $192M

Housing Wire

“Big Four” title firm Stewart Title has struck yet another acquisitions deal. And this one’s a big one. Stewart has acquired Informative Research , a mortgage-focused data and analytics tech company based in Houston, the companies announced on Thursday. Informative Research said the deal, which is subject to regulatory approvals, values IR at about $192 million.

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Biden’s Eviction Moratorium Blocked After Supreme Court Ruling

Appraisal Buzz

The U.S. Supreme Court has put a stop to the extension of the eviction moratorium by the CDC, with tenants losing vital protections. The post Biden’s Eviction Moratorium Blocked After Supreme Court Ruling appeared first on theMReport.com. The post Biden’s Eviction Moratorium Blocked After Supreme Court Ruling appeared first on Appraisal Buzz.

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Finicity expands mortgage verification with ICE integration

Housing Wire

Finicity , an open-banking solutions provider that was acquired by Mastercard in 2020, announced a partnership with its one-touch Mortgage Verification Service and ICE Mortgage Technology on Thursday. The integration allows borrowers to permission data so that lenders can quickly verify assets, income and employment. Launched in February, the verification is accepted by both Freddie Mac and Fannie Mae and makes the loan eligible for representation and warranty relief without the use of manual lo

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Supreme Court Halts CDC’s Eviction Moratorium

Appraisal Buzz

By a 6-3 vote, the U.S. Supreme Court has put an end to the CDC’s eviction moratorium, as an estimated seven million Americans remain delinquent on their housing payments due to pandemic-related issues. The post Supreme Court Halts CDC’s Eviction Moratorium appeared first on DSNews. The post Supreme Court Halts CDC’s Eviction Moratorium appeared first on Appraisal Buzz.

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More Trending

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Rates Higher This Week, But leveled Off Today; Not Out of Woods Yet

Appraisal Buzz

Bonds Leveling Off But Not Out of The Woods Bonds began the day with a test of the important technical ceiling at 1.37% in 10yr yields. With some help from geopolitical risk due to bombings in Kabul, bonds managed to stay fairly calm with the 10yr just a hair better than ‘unchanged’ at the 3pm CME close. MBS also found their footing and were 2 ticks (0.06) higher at the same time.

Appraisal 370
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Demystifying Down Payments: What to Know Before You Buy

BiggerPockets

A down payment is a payment made in cash at the onset of the purchase of an expensive good or service. It represents a percentage of the purchase price and is not refundable if the deal fell through because of the purchaser.

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ServiceLink Rolls Out New Closing Technology

Appraisal Buzz

The company reports it is committed to challenging the status quo and delivering smart solutions that benefit the lender and borrower. The post ServiceLink Rolls Out New Closing Technology appeared first on DSNews. The post ServiceLink Rolls Out New Closing Technology appeared first on Appraisal Buzz.

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BiggerPockets Money Podcast 226: Finance Friday: Is Your Cash Losing Value While You Wait to Invest?

BiggerPockets

Sometimes having a lot of cash can be dangerous. Would you rather be sitting on months (or even years) worth of emergency reserves or have your money be challenging inflation […].

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Wells Fargo Issues Nearly $11 Million in Grants to Preserve Housing

Appraisal Buzz

Philanthropic efforts from Wells Fargo will provide housing counseling and legal assistance services to help more than 250,000 people stay in their homes. The post Wells Fargo Issues Nearly $11 Million in Grants to Preserve Housing appeared first on theMReport.com. The post Wells Fargo Issues Nearly $11 Million in Grants to Preserve Housing appeared first on Appraisal Buzz.

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BiggerPockets Money Podcast 226: Finance Friday: Is Your Cash Losing Value While You Wait to Invest?

BiggerPockets

Sometimes having a lot of cash can be dangerous. Would you rather be sitting on months (or even years) worth of emergency reserves or have your money be challenging inflation […].

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Mortgage Rates Finding Stable Ground

Appraisal Buzz

While still below the 3% range, the window of opportunity for refis remains wide open; however, high asking prices are turning many away from the purchase market despite the record low rates. The post Mortgage Rates Finding Stable Ground appeared first on theMReport.com. The post Mortgage Rates Finding Stable Ground appeared first on Appraisal Buzz.

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Toronto broker on the market’s housing affordability prospects

Mortgagebroker News

The market’s income and economic fundamentals are having a hard time catching up with home price growth

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Fitch Ratings: Title Insurers to Exceed Expectations

Appraisal Buzz

However, analysts warn of downside risk to the broader economy especially in light of the most recent surge in pandemic-related disruptions. The post Fitch Ratings: Title Insurers to Exceed Expectations appeared first on DSNews. The post Fitch Ratings: Title Insurers to Exceed Expectations appeared first on Appraisal Buzz.

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Major North American fintech announces mortgage tech acquisition

Mortgagebroker News

The acquisition expands the tech options available to brokers and consumers in both Canada and the US

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Home Sellers Continue to Cash in on Record Demand

Appraisal Buzz

While homebuying demand has dipped slightly, pending sales remain 10% above this time last year, according to a new analysis from Redfin. The post Home Sellers Continue to Cash in on Record Demand appeared first on DSNews. The post Home Sellers Continue to Cash in on Record Demand appeared first on Appraisal Buzz.

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CIBC’s Q3 results are in

Mortgagebroker News

The bank reported its latest earnings amidst what its CEO described as an “uncertain environment”

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Mortgage vs. Rental Payments

Appraisal Buzz

In almost half of American cities, leasing costs more per month than financing a home—economists take a look at what is driving the trend. The post Mortgage vs. Rental Payments appeared first on DSNews. The post Mortgage vs. Rental Payments appeared first on Appraisal Buzz.

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Another $15K first-time homebuyer tax credit bill emerges

Housing Wire

The much-talked-about $15,000 first-time homebuyer tax credit has made another appearance in Washington, D.C., this time as part of a housing bill introduced in the U.S. Senate. Though certain provisions of the bill contain some of the boldest proposed housing policy changes on record, affordable housing advocates say there’s one critical shortcoming.

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Median Home Sale Prices Eclipse $360K

Appraisal Buzz

Redfin reports that the national median home price is up 16% year-over-year, with home sellers still very much in the driver’s seat. The post Median Home Sale Prices Eclipse $360K appeared first on theMReport.com. The post Median Home Sale Prices Eclipse $360K appeared first on Appraisal Buzz.

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Edison Financial announces expansion into third province

Mortgagebroker News

It says it has seen substantial growth in just a little over a year of operations

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Cities Where Rent Prices Exceed Home Loan Payments

Appraisal Buzz

The average monthly cost to lease a house has shot up almost 10% nationwide, meaning more Americans might want to consider homeownership, economists say. The post Cities Where Rent Prices Exceed Home Loan Payments appeared first on theMReport.com. The post Cities Where Rent Prices Exceed Home Loan Payments appeared first on Appraisal Buzz.

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What is a “Notice to Perform” in Real Estate?

Mashvisor

Delays in a real estate deal are incredibly inconvenient.

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Mortgage Rates are Holding Steady, Freddie Mac Reports

Appraisal Buzz

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS). The 30-year fixed-rate mortgage (FRM) averaged 2.87% with an average 0.6 point for the week ending August 26, 2021, up slightly from last week when it averaged 2.86%. A year ago at this time, the 30-year FRM averaged 2.91%. “The tug-of-war between the economic recovery and rising COVID-19 cases has left mortgage rates moving sideways over the last few weeks,” explains.

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TD releases third-quarter earnings

Mortgagebroker News

The hotly-anticipated announcement closes out the Big Six's Q3 results

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CoreLogic, ICE Mortgage Technology Integrate Automation Efficiencies

Appraisal Buzz

As part of an enterprise agreement with Intercontinental Exchange Inc. ’s ICE Mortgage Technology , CoreLogic is leveraging Encompass Partner Connect across 10 fundamental CoreLogic solutions to update critical data-driven processes and make these solutions available to mutual clients on the ICE Mortgage Technology Platform. ICE is providing its customers the ability to automate the ordering of CoreLogic services, natively through the workflow automation within Encompass.

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Last 24 hours to nominate a Woman of Influence

Mortgagebroker News

Submissions for CMP’s annual showcase close tomorrow

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Angel Oak Capital Targets Raising $20 Billion in Mortgage Origination

Appraisal Buzz

Angel Oak Capital Advisors , a structured credit investment solutions provider, has raised approximately $1 billion in institutional equity capital on a year-to-date basis focusing on non-agency residential mortgage credit. Strategies managed by the firm are targeted to provide equity capital for approximately $20 billion in non-agency mortgage origination over the next two to three years.

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Should brokers face mandatory vaccinations?

Mortgagebroker News

CMBA talks Ontario priorities as Canada reopens

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Mortgage rates hold steady at 2.87%

Housing Wire

The average 30-year fixed-rate mortgage held steady at 2.87% for the week ending in August 26, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates declined slightly to 2.86%. This week’s near constant mortgage rates may not yet reflect a rise in U.S. Treasury yields, which ticked up toward the end of the week.

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MCAN Mortgage Corporation subsidiary wins industry excellence award

Mortgagebroker News

The subsidiary is a first-time winner of the award

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Rates Continue to Decline on Most Types of AD&C Loans

Eyes on Housing

In the second quarter of 2021, interest rates on three of the four categories of loans tracked in NAHB’s Survey on Acquisition, Development & Construction (AD&C) Financing continued the downward trend that has prevailed since the third quarter of last year. The average effective rate (based on rate of return to the lender over the assumed life of the loan.

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The problem with banning pocket listings

Housing Wire

This is Part 1 of HousingWire’s two-part series examining the National Association of Realtors ’ clear cooperation policy, better known as a ban on pocket listings, or homes not marketed on Multiple Listings Service. Part 1 looks at the history of NAR’s mandate and the labyrinthine network of MLSs that ostensibly sought the pocket listings ban and are now supposed to enforce it.