HUD finally confronts decades of staffing shortages

The Department of Housing and Urban Development (HUD) announced it has filled another round of positions, as it confronts decades of staffing shortages. “These talented and diverse individuals join HUD ready to deliver results for the American people by tackling our nation’s housing challenges to build a stronger, more equitable

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Better.com to acquire UK-based digital mortgage brokerage

Venture capital-backed mortgage lender Better.com is going international. The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Terms of the deal were not disclosed, but the Financial Times reported that SoftBank-backed Better bought Trussle for a “cut-price,” one

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Home prices accelerating in areas without mass transit

As more of the country moves to permanent work-from-home arrangements, home prices in car-dependent areas have risen twice as fast as those in transit-accessible areas, according to a recent study by Redfin. The median home-sale price in car-dependent areas, nationwide, has increased 32.8% to a record $418,100 since January 2020,

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Biden renews push for housing in infrastructure plan

Housing has returned to center stage in the Biden administration’s push for an additional infrastructure plan. President Joe Biden said this week that he planned to make an “historic investment” in affordable housing, by building and rehabilitating more than two million homes. “We need to deal with the shortage of

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Real estate is a people business, but automation can help

The news is filled with talk of real estate. Bubbles have that effect. We know through the work of people like Robert Shiller and others that “narratives” are indeed economic forces and that compelling narratives can move markets.    In the U.S. real estate market, matters are of course more complex than mere narratives, but

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Demo Day: Propertybase

Propertybase Propertybase is the leading global provider of real estate and mortgage software. In an ever-more competitive market, it’s important for brokerages to utilize streamlined, collaborative technology. But we’re more than just software. With SEO and digital marketing services to print marketing and fully scoped projects, we play an integral

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Preparing for millions of minority homebuyers

Since day one of my mortgage career, my main role was to help Hispanic borrowers with responsible lending. For the past 21 years, I have been deeply entrenched in truly understanding the unique needs and cultural nuances of homebuyers with diverse backgrounds. Being an active originator helps me keep a

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Digital mortgage provider LoanLogics bought by Sun Capital

Jacksonville, Florida-based Sun Capital Partners Inc. announced the acquisition of LoanLogics, a digital mortgage solutions provider and fellow Jacksonville-based company. Terms of the private transaction were not disclosed. The LoanLogics platform provides technology automation for mortgage document processing and data-driven audit software that improves efficiency, enhances transparency, streamlines commerce, and reduces

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Digital closings have spiked 228% since 2019

The number of title and settlement companies offering digital closings has increased 228% since 2019, as more of the industry moves online in the wake of the COVID-19 pandemic. Per a survey of 300 title professionals conducted by the American Land Title Association, only 14% of professionals offered digital closings

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Mortgage rates fall back down to 2.9%

The average 30-year fixed-rate mortgage fell eight basis points from the week prior to 2.9%, according to data released Thursday by Freddie Mac‘s PMMS. According to Sam Khater, Freddie Mac’s chief economist, last week’s dip followed the concurrent drop in U.S. Treasury yields earlier this week. “While mortgage rates tend to follow

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