Housing Wire

JANUARY 13, 2021

The Federal Reserve is looking into the rise of artificial intelligence and machine learning, and is considering stepping up its oversight of these technologies used by financial institutions. Federal Reserve Governor Lael Brainard spoke at the AI Academic Symposium virtual event on Tuesday, hosted by the Board of Governors of the Federal Reserve, saying it is important that the use of AI by the financial community is leading to equitable outcomes for consumers.

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Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? Worried about missing out on a boom? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. The average household finances are in the best shape they’ve ever been in. Ever. COVID-19 and subsequent government actions have dumped gasoline on wealth inequality in ways that we don’t fully understand yet.

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Housing Market Marketing Real Estate Realtors 68

Housing Wire

JANUARY 13, 2021

Mortgage applications jumped 16.7% after a 4.2% drop last week , according to the Mortgage Bankers Association. The jump underlines the seasonality behind last week’s decreas e in mortgage rates, as well as the expectation of additional fiscal stimulus from the incoming administration, per MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.

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Housing Wire

JANUARY 13, 2021

If you’re considering purchasing a home, you probably have a lot of questions. One being, how much do you need to earn in a year to afford a mortgage in the U.S.? . Since home prices vary state-by-state, the salary you need to qualify for a mortgage in the U.S. depends a great deal on where you live. For example, the median price of a home in New York is typically more expensive than a home in Wisconsin.

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Housing Wire

JANUARY 13, 2021

Since the CARES Act was signed into law, homeowners across the U.S. have taken advantage of its mortgage relief provisions. In fact, as of November 2020, a total of 6.5 million borrowers had been, or still were, on a COVID-19-related forbearance plan, either through the CARES Act or another program. Fortunately, the forbearance programs and foreclosure moratoria have protected many Americans from losing their homes during the pandemic.

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Mortgage Investors Technology Housing Market 466

Housing Wire

JANUARY 13, 2021

United Wholesale Mortgage ( UWM ) unveiled a new policy this week, telling brokers that appraisals will be completed within 10 business days or they’ll refund 50% of the appraisal cost back to the customer. The initiative, called “Appraisal Promise,” drops just a week before the wholesale lender’s Wall Street debut on Jan. 22.

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Housing Wire

JANUARY 13, 2021

This article was originally published on FinLedger, HW Media’s new, fintech-focused sister publication. Almost exactly a year after announcing their $5.3 billion merger, Visa and Plaid have called off the proposed marriage, and the U.S. Department of Justice has agreed to drop its antitrust lawsuit challenging the deal. Visa announced termination of the deal and the lawsuit in a Jan. 12 news release.

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Investors Legal Valuation Finance 401

Housing Wire

JANUARY 13, 2021

As more and more mortgage tech companies enter the scene, competition for accessibility and personalization gained speed this week as proptech touched down in more niche submarkets. Data analytics giant Black Knight unveiled a new self-service style platform aimed at correspondent lending that will allow lenders to manage conditions and validate pricing locks on Best Effort loans.

Mortgage 307

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Housing Wire

JANUARY 13, 2021

A week after the insurrection at the Capitol, Frisco, Texas-based Realtor Jenna Ryan released a statement condemning the violence, even after multiple videos and photos surfaced – including ones that she filmed herself – of Ryan participating in the insurrection. What started as a protest devolved into a riot and siege of the Capitol building, resulting in five deaths – including that of a police officer – and significant damage to the building itself.

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