Chinese investors are snatching up houses across America, with top metro areas becoming their preferred spot. New York and Los Angeles top the list of cities they are most interested in, but more surprisingly, Detroit and Philadelphia also ranked in the top 10.
Buyers from mainland China today can account for as many as half of the buyers at certain buildings in "Falasheng" and surrounding neighborhoods, brokers say. A few years ago there were virtually none.
Wow! That was our reaction to the response we received for this year’s HW TECH100 call for nominations. This year, more than 250 companies submitted a nomination, and we’re grateful for the interest in our efforts with this unique program.</p>.
In the tech world a “stack” refers to all the elements of something. For the mortgage industry, the idea of the single stack is that one platform (digital, automated and based in the cloud) can either meet all of the functional requirements involved in assembling a mortgage, or can serve as an efficient moderator for the process via open APIs (application programming interface), which are now taking off within the mortgage industry.</p> Read More
Nothing reeks of hypocrisy more than the regulator ignoring regulations, but the CFPB has racked up plenty of violations in the last year. And we’re not talking about small, nitpicky examples, but instances that have real-life consequences. If a lender or servicer were to violate any of these standards, they could expect swift and harsh punishment from the CFPB.</p> Read More