Items Tagged with 'Housing Economy'

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CoreLogic economist: Here's a current snapshot of the mortgage credit market

Macro highlights at ABS East
Where are we in the credit cycle? How will credit markets react to the upcoming election? Has the pendulum swung too far when it comes to mortgage underwriting? These were some of the questions raised and answered at ABS East. Frank Nothaft, chief economist with CoreLogic, shares his insights on the state of the mortgage market as witnessed at ABS East.
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Impac raises $37 million in capital

Took a long break after the financial crisis
Impac finally decided to reenter the public equity markets again after a long stint away following the financial crisis. Impac noted in the news that it plans to reach a target goal of $12 billion in origination for the year, giving it a strong platform to grow on.
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Plan B: loanDepot closes on $150M in capital transaction

Latest capital move after cancelled IPO
Nearly one year after it postponed its initial public offering due to market conditions, loanDepot announced it went a different route to gain capital. This time around, loanDepot said it closed $150 million in term debt financing. But while the method to get the capital changed, the purpose hasn't.
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Here's how to fix the appraiser shortage

Changing mentorship requirement is one crucial step
The fact is we are on the verge of a major appraiser shortage unlike any I have seen in my 30 years in the business. Unless this trend is stopped, the quality of appraisal values will eventually decline and public trust in the housing economy could once again fall apart. So what can be done?
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[video] Five years in, Zillow CEO explains how it achieved record growth

Spencer Rascoff: "I think five years from now, we'll be even prouder"
The more time passes, the more complex Zillow Group's earnings report becomes, adjusting for big-ticket items like its Trulia acquisition and its legal battle with Move/News Corp. To help digest the numbers, CNBC interviewed Zillow Group CEO Spencer Rascoff to get a better grasp of the company's record revenue and growth.
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Home sales are rising, so why isn't inventory going up?

First-time homebuyers play a key role
Two facts stand out in today’s housing market: rising home sales and flat/falling inventory. But if people are buying more homes, why aren’t there more homes for sale? Genworth Mortgage Insurance's chief economist explains what exactly is going on and what it means for first-time homebuyers.
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Despite "largely positive" news, FOMC holds on raising interest rates in July

Next meeting scheduled for September
The Federal Open Market Committee chose to forgo raising the federal funds rate in its latest July meeting as the market starts to recover from the initial impact of Brexit. The news, however, appeared more upbeat, leaving people to question what will happen in the next meeting. As it stands, there are only three meeting left this year.
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