Real Estate

ComplianceEase anticipates growth in home equity lending

Announces platform updates to ease compliance concerns for HELOC lenders
ComplianceEase is one of many companies betting on growth in the home equity market. The fintech company's ComplianceAnalyzer now has the ability to audit HELOCs for state licensing requirements and more. ComplianceEase President John Vong said the company is responding to growing interest from banks and nonbanks in home equity lending.
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Worried you can’t get a mortgage in time? Ribbon will buy the home you want for you

Real estate startup raises $225 million to fund national expansion
There’s a new real estate startup that is buying homes directly from homeowners, but unlike direct buyers like Opendoor, Offerpad, and Perch, and real estate giants like Zillow and Redfin, which focus on buying homes from sellers, Ribbon is buying homes for buyers. And now, the company has some serious financial backing to power its planned growth.
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Is lack of affordability triggering an exodus from coastal markets?

Redfin data suggests homeowners are relocating to less expensive inland markets
As mortgage rates continue to climb in expensive coastal cities, more and more people are migrating to affordable markets, according the latest data from Redfin. Redfin Chief Economist Daryl Fairweather said buyers are increasingly cost-conscious, and seeking more affordable homes in low-tax states in the South and middle of the country.
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NAR: Pending home sales increase in September, but decline annually

Pending home sales have fallen on an annual basis for nine consecutive months
Pending home sales increased 0.5% in September, but have still fallen on an annual basis for nine consecutive months in September, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said that even though we are still seeing year-over-year declines, the latest monthly increase is a good, stabilizing trend.
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Qualia debuts eSign technology

Aims to streamline digital mortgage with proprietary software
Qualia just rolled out eSigning capabilities in its bid for a berth among the companies holding the keys to the fully digital mortgage. Qualia claims that its new eSign technology is the first built specifically for title, escrow and closing software. According to Qualia, this will allow real estate professionals to use only the Qualia platform instead of needing to use piecemeal software to cobble together a digital mortgage process.
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HUD accuses Wisconsin, Ohio landlords of rental discrimination

Charged with discriminating against resident with disabilities, family with children
HUD accused several landlords of discriminating against people with disabilities and families with children, both of which are violations of the Fair Housing Act. The first of the allegations is against the owners of a three-bedroom duplex in Wisconsin for allegedly refusing to rent to a family because they have children. In a separate case, HUD charged Ohio landlords with discrimination for refusing the request of a resident with disabilities to have a designated parking space.
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Cresset Capital Management and Diversified Real Estate Capital launch Opportunity Zone fund

Firms join the growing host of investors waiting to pour capital into Opportunity Zones
Cresset Capital Management and Diversified Real Estate Capital are partnering to launch an investment fund for Opportunity Zones. The Cresset-Diversified fund will be used for real estate development and redevelopment in Opportunity Zones across the nation.
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6 Questions with 6 HUD Executives, BONUS Episode: Adolfo Marzol

Surprise! We've got one more for you
Adolfo Marzol knows firsthand about this nation's long history with taking in, and housing, refugees. In fact, his parents emigrated from Cuba in 1961. How did the Marzols know they had made it in America? They bought their first house, he tells HousingWire Editor-in-Chief Jacob Gaffney in a bonus episode, and now finale, of our exclusive podcast, 6 Questions with 6 HUD Executives.
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FHFA: Home prices increase 0.3% in August

But the Middle Atlantic division declined 0.7%
Home prices rose in August, inching forward 0.3% from July according to the latest monthly House Price Index from the Federal Housing Finance Agency. According to the report, across the nine census divisions, the Mountain division continues to see the strongest appreciation growth.
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