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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The Ticker

CFPB releases 'Know Before You Owe' shopping toolkit

Designed to help buy a home
Brena Swanson
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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Long foreclosure processes give borrowers free home

Cases rest on the state’s statute of limitations
Brena Swanson
There are still tens of thousands of homeowners who have missed more than five years of mortgage payments. And according to an interesting legal quirk, they might be able to keep their homes for free now.
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San Francisco median home price nearly $1 million

Redfin: Early reading on February prices show strengthening
Trey Garrison
The median home price in San Francisco is pushing close to $1 million. (Dr. Evil nods in agreement.) And their early reading for February suggests the markets they survey are strengthening.
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3 things you need to understand about mortgage default rates

Urban Institute: First things first
Trey Garrison
The researchers at The Urban Institute have a new report worth a look. It’s a critical read if you’re going to understand mortgage default rates. Here’s what they have to say.
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Clayton Holdings acquires AVM provider Red Bell

Beginning of broader expansion into real estate
Brena Swanson
Clayton Holdings announced it acquired Red Bell Real Estate, and its sister company, Main Street Valuation. According to the president of Clayton, this will serve as the platform and the foundation for new initiatives within the broader real estate market.
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ComplianceEase acquires Mortgage Banking Systems

Acquisition better prepares company for TILA/RESPA
Brena Swanson
ComplianceEase, a provider of automated compliance solutions, acquired the assets of Mortgage Banking Systems, a provider of mortgage document preparation and closing software solutions.
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Sierra Pacific Mortgage harnesses Alight Mortgage Lending solution

Solution provides real time, financial forecasts
Brena Swanson
Sierra Pacific Mortgage announced it licensed Alight Mortgage Lending, a unique financial optimization application that will help the company’s plans for future growth.
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Woman falls for real estate scam on Trulia

Scammer hijack listing
Brena Swanson
A woman fell victim to an Internet scam on Trulia’s real estate website after spending nearly $1,000, including sending a security deposit to a person she thought was the owner of the rental home.
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B2R Finance launches first multi-borrower single-family rental securitization

Consists of $230 million aggregate balance
Brena Swanson
Moving into a new territory for the industry, B2R Finance announced its first multi-borrower SFR securitization transaction.
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