Did little-known Arizona law start the appraiser death clock?

Did little-known Arizona law start the appraiser death clock?

Gov. Ducey inadvertently hands a victory to AMCs

JPMorgan’s Dimon to Sen. Warren: Hit me with a fine. We can afford it

New afterword from Warren’s book reveals tense exchange

Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan
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Lending

Did little-known Arizona law start the appraiser death clock?

Gov. Ducey inadvertently hands a victory to AMCs
Jacob Gaffney
With the passage of the new state's budget, AMCs are emboldened to make a move towards pushing for more technology and fewer humans being involved in the appraisal process.
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The next problem facing housing: Cyber security

Look beyond TRID to the next major technology expense
Jonathan Kunkle
Officially the Mortgage Bankers Association is calling this year’s National Technology Conference “Connect”. Unofficially it could probably be renamed “Let’s Talk About TRID.”However, there is another topic that is looming in the background that is gaining precedence: cyber security.
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New forward-looking quarterly measure says housing is healthy

Nationwide surveys predicts downturn unlikely
Trey Garrison
You can’t tell the players without a program, and you can’t know where housing is going unless you have as many readings as possible. To that end, Nationwide is offering a new quarterly analysis for the toolkit that's sunny. Is it too sunny?
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Wintrust Bank to acquire North Bank

Chicago-based bank purchased for $17 million
Ben Lane
The purchase price of $17 million is “subject to possible adjustment,” Wintrust said, and will be paid in cash in exchange for all outstanding shares of North Bank's common stock.
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CFPB releases 'Know Before You Owe' shopping toolkit

Designed to help buy a home
With the Consumer Financial Protection Bureau’s “Know Before You Owe” mortgage rule soon coming into implementation, the CFPB released a new toolkit to guide consumers through the process of shopping for a mortgage and buying a home.
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Lone Wolf Real Estate secures massive private equity investment

Vista financing to help drive growth
Brena Swanson
Vista Equity Partners announced it is investing in Lone Wolf Real Estate Technologies to help the company as it pursues new market opportunities and expands product development efforts. Right now, Lone Wolf serves nearly 10,000 real estate offices and 250,000 real estate professionals across the U.S. and Canada.
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HUD returns control of Detroit Housing Commission

DHC was in federal receivership for nearly 10 years
Ben Lane
Citing "consistent accountability and progress," the U.S. Department of Housing and Urban Development is finally handing control of the Detroit Housing Commission back to local authorities, after nearly 10 years of federal control.
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Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan
Trey Garrison
The net cost to originate a mortgage is growing and the profit from closing an origination is shrinking, despite growing loan balances and steady loan production. Can you spot the drag?
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Home prices dropped in January from December

Case-Shiller: Troubling that price growth still outpacing wages
Trey Garrison
Home prices are slowing — they grew on an annualized basis but month-to-month they dropped. But the big problem is what's happening with home prices versus wages. Find out why this means trouble.
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More than one-third of America holds no emergency savings

Improving economy still leaves millions on brink of foreclosure
Ben Lane
Despite marked improvement in the economy since the end of the housing crisis, millions of Americans are still on the brink of foreclosure due to a lack of savings. How bad is it?
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