Reports from ICE Mortgage Technology and Zillow illustrate not only how comfortable they have become with the mortgage process—particularly online—but also in what kind of mortgages they obtain.
Tag: Zillow
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Reports Cite Progress—and Work to Do—for Female/Minority Home Buyers
Two reports illustrate both the progress made in lending to women and minorities and the challenges lenders continue to face in expanding minority homeownership.
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Industry Briefs Feb. 25, 2021
Finicity, Salt Lake City, announced its one-touch Mortgage Verification Service, enabling lenders to allow consumers to permission data so lenders can verify assets, income and employment in a single interaction. The verification is accepted by both Freddie Mac and Fannie Mae.
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2021 Housing Market ‘Red Hot’
The past year has been like no other, housing-wise. Near-record-low interest rates, tight housing supplies and greater flexibility in where one lives have pushed a normally predictable housing cycle into uncharted territory, as three new housing reports show.
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Record-Low Inventories Drive Record-Low Contract Periods
With record-low housing inventories and sharply increasing home prices, what else could happen? How about record-low contract periods, according to both Redfin, Seattle, and Zillow, Seattle.
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Home Prices Jump on Robust Demand; Housing Gains at 15-Year High
Home prices are rising at rates not seen in years, with four reports—from Standard & Poor’s, Zillow, the Federal Housing Finance Agency and First American Financial Corp.—confirming no apparent letup.
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Industry Briefs Jan. 26, 2021
SitusAMC Holdings Corp., New York, acquired Assimilate Solutions LLC, a provider of mortgage and title knowledge process outsourcing and information technology outsourcing platforms.
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For Housing, ‘A’ is for ‘Austin’
One report says Austin, Texas will be the nation’s hottest housing market in 2021. Another report says it already is.
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Pandemic Year Brings Huge Surge in ‘Million-Dollar Cities’
Move over, San Francisco Bay Area and New York City; you’ve got company—lots of it.
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Renters Struggle as Income Stagnates, Unemployment Remains High
Renters’ median income growth stopped last year, and more than three million renters who face COVID-19 unemployment carry extreme housing cost burdens, analysts said.