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From HW Magazine

2019 HW Tech100 winner: ATTOM Data Solutions

Developed data-as-a-service
ATTOM Data Solutions developed data-as-a-service, a private instance of a SQL server database on the Azure cloud and is provisioned for individual customer use.
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Trump asks HUD to address financial viability of reverse mortgage program

Housing finance reform to include assessment of HECMs
President Donald Trump this week put into motion federal action on the "overdue reform of the housing finance system." Among the president's to-do list for the HUD secretary: address the financial viability of the reverse mortgage program, and report back to him promptly with a detailed plan for reform.
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University Lending acquires assets from Huron Valley Financial

Deal includes acquisition of HECM lender 1st Nations Reverse
University Lending has acquired assets from Huron Valley Financial, taking on 52 of its employees, including its wholesale lending division, HVF Partners, and its reverse mortgage channel, 1st Nations Reverse. The deal between the two Michigan-based companies will bring University’s total employee headcount to 440 and will make it the largest locally based first mortgage originator, University said.
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Study reveals generational divide in HELOC use

Millennials more likely to use proceeds on things other than home renovation
Most of the time, when a homeowner takes out a HELOC, the plan is to use the proceeds to fund home renovations. But a recent survey of 1,003 HELOC or future HELOC borrowers by Citizens Bank revealed that younger borrowers are much more open to using the loan for things other than home renovation, shedding light on a generational divide in the way homeowners utilize their home equity.
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Figure Technologies expands leadership team

Hires former Fidelity exec and chief economist to advance mission to help homeowners access equity
Figure Technologies announced its intention to shake up home equity lending in the fall, and now it's making key hires to help achieve this goal. The fintech company is the brainchild of former SoFi co-founder and CEO Mike Cagney, who launched the company last March with the goal of leveraging AI, blockchain and advanced analytics to revolutionize home equity lending.
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Do home equity loans affect your credit score?

New study analyzes 2,500 borrowers to find out
Despite record amounts of home equity, fewer homeowners are tapping into this source of wealth. While a number of factors contribute to this fact, could concerns about a home equity loan's effect on credit score play a role? To determine the impact a home equity loan could have on a borrower's credit profile, LendingTree analyzed data from 2,500 consumers to see how their credit scores changed in the months after they took out a loan, and the results may surprise you.
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Nationwide Mortgage Bankers appoints new EVP of sales

Robert Jayne has more than 25 years of experience in the reverse mortgage industry
Nationwide Mortgage Bankers recently announced the appointment of Robert Jayne as the company’s new executive vice president of sales. Nationwide Mortgage Bankers Founder Richard Steinberg said Jayne is an all-around great leader and mortgage visionary.
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HELOC borrowers increasingly likely to shop for alternative funding

Study shows HELOC providers face growing threat from alternative lenders
HELOC volume has been limp in the last year despite rising equity levels thanks to rising interest rates and new tax laws, and now HELOC providers are facing increased competition from alternative lenders. A recent survey by J.D. Power revealed that homeowners are researching their options, looking into alternative funding sources before selecting a HELOC.
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Older homeowners are driving the home improvement market

Harvard study says Baby Boomer spending on accessibility improvements will soar
Armed with record amounts of home equity and an expressed desire to remain in their homes as they age, older homeowners are driving the home improvement market. A recent study by the Joint Center for Housing Studies at Harvard University revealed that households 55 and older account for half of all current home improvement spending. And, as Baby Boomers reach their 70s and 80s, researchers say their investments in home modifications to enhance accessibility will soar.
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