Real Estate Broker/Agency News

CPI report is good news for mortgage rates

The massive inflation and double-digit mortgage rates of the 1970s and early 1980s seem to haunt the Federal Reserve, which wants to cool the economy and even provoke a job-loss recession to avoid that scenario. But the latest Consumer Price Index inflation report shows how the fear of 1970s-style inflation

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Mr. Cooper to acquire Home Point Capital for $324M in cash

Dallas, Texas-based Mr. Cooper Group has entered into an agreement to acquire struggling Home Point Capital for $324 million in cash, the companies announced on Wednesday. The transaction will ultimately result in the seller shutting down operations.  Rumors that Mr. Cooper was interested in Ann Arbor, Michigan-based Home Point spread

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Clear Capital expands its partnership with ValueLink

Real estate valuation technology company Clear Capital announced on Wednesday that it has expanded its partnership with ValueLink, a valuation management platform, to offer better support for appraisal modernization policy changes. Through this expansion, ValueLink customers can now access Clear Capital’s proprietary Universal Data Collection (UDC) solution, which offers fast

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Minnesota legislature approves $1B affordable housing bill

The Minnesota State House of Representatives and Senate approved sweeping new housing legislation this week totaling $1 billion, which is designed to address affordable housing access and down payment issues for first-time home buyers. Housing advocates estimate that roughly 5,000 households will qualify for the bill’s rent assistance program in

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Anywhere launches new title joint venture for franchisees

Real estate giant Anywhere is launching a title insurance joint venture exclusively for Anywhere Brands franchisees, according to an announcement on Wednesday.  Upward Title & Closing is a full-service title and settlement company. The joint venture capitalizes on Upward’s local housing expertise, as well as Anywhere’s technology, including virtual quote

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HousingWire May Demo Day: Blend

Blend Blend’s end-to-end mortgage suite delivers a world class experience for both borrowers and Loan Officers while delivering powerful operational efficiency with automation and data driven workflows.  Product Fast Facts #1 Conditions Sync automatically translates underwriting conditions to actionable guided  borrower facing followup #2 Lenders can define specific logic and

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