It’s time to put Computer Vision tech on your valuation radar

Nearly 200 years ago, one of the great scientists of his time, Charles Lyell, published, “The Principles of Geology.” In this influential work, Lyell extended the notion that changes in the geological record were gradual over time, giving credence to the notion of “uniformitarianism.” Uniformitarianism was cast against the notion

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Is the appraisal process color-blind?

Recently, at an event marking the 100th anniversary of the Tulsa Race Massacre, President Biden announced the launch of a new interagency task force to root out what it calls inequity in the appraisal industry. As a candidate, Biden’s campaign said he would “establish a national standard for housing appraisals”

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Servicers’ forbearance volume steadily falling

Servicers’ forbearance portfolio volumes decreased again last week, falling two basis points to 4.16%, according to a survey from the Mortgage Bankers Association. Despite May 30 marking the 14th consecutive week of overall declines, a nearly equal number of forbearance exits and re-entries have left forbearance portfolio volumes essentially unaltered.

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UWM goes on the offensive with price-match guarantee

United Wholesale Mortgage has been aggressively price-cutting loans to put pressure on competitors for months now. It appears they’ve just thrown gas on the fire in the hopes of boosting their second quarter numbers, while hitting their rivals ahead of earnings call season. UWM said on Monday that they’ll price-match

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AmTrust Title adds executive counsel

AmTrust Title Insurance Company has added two executives to its team, naming James Bozzomo as chief underwriting counsel for direct operations and Jefferson Howeth as senior corporate counsel. Bozzomo previously served as chief underwriter counsel for First Nationwide Title Agency, a subsidiary of AmTrust. Howeth served as general counsel for

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Behind the executive exodus at Fannie Mae

FHFA Director Mark Calabria and Fannie Mae CEO Hugh Frater (left to right) High-level departures from Fannie Mae show no signs of abating. Celeste Mellet Brown, Fannie Mae’s chief financial officer, is the latest executive to depart the government sponsored entity. Brown’s 2020 compensation, despite a strict salary cap imposed

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Lumber and appliance woes still vexing homebuilders

High lumber and appliance prices, as well as slow shipping and delivery times, continue to hamstring homebuilders in 2021. It’s an issue that has been reported on at length by HousingWire, from the onset of the shortage to the crippling price increases — of both lumber and building materials —

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