Home repair subscription service Super raises $20 million

19-04-2019

Super, a home repair subscription service, announced recently that it raised $20 million to expand its service into new markets. Homeowners subscribe to the service, which both covers the cost of repairs on several common household appliances and manages the repair process on other items.Read more: https://www.housingwire.com/articles/48843-home-repair-subscription-service-super-raises-20-million

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It's one of the richest towns in America. Now some say you…

19-04-2019

It's one of the richest towns in America, a regular stomping ground for Wall Street elite. But now, few people are shopping for homes in this tony East Coast community, and its sprawling mansions are hitting the auction block.Read more: https://www.housingwire.com/articles/48842-its-one-of-the-richest-towns-in-america-now-some-say-you-cant-give-away-a-house-there

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Why aren't more people tapping into their home equity?

19-04-2019

Homeowners have a nice stockpile of pent-up wealth in their homes and home prices continue to appreciate. And, it seems that every quarter a new startup emerges promising to disrupt the home equity space by giving homeowners a better, faster, cheaper or even debt-free way to tap into the wealth...

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HUD announces new rules for down payment assistance on FHA mortgages

19-04-2019

The Department of Housing and Urban Development announced this week that it is issuing new rules for down payment assistance on mortgages insured by the Federal Housing Administration. Click the headline for a full breakdown of which rules are changing and why.Read more: https://www.housingwire.com/articles/48840-hud-announces-new-rules-for-down-payment-assistance-on-fha-mortgages

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Home sales will be stymied in 2019 by high prices and “underbuilding”

19-04-2019

A shortage of entry-level homes will stymie the housing market this year, nullifying much of the impact of lower mortgage rates, according to a forecast by Diane Swonk, Grant Thornton chief economist. “The housing market will tread water in 2019 as supply constraints and affordability problems offset any gains from...

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Zillow planning expansion of its home buying business in Southwest

19-04-2019

It's been just over a year since Zillow expanded its business from simply facilitating the home sale to actually buying houses itself. Zillow has big plans for its home buying business, recently revealing that its current goal is to be able to buy 5,000 homes per month within as little...

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Fintech lender Prosper to pay $3 million fine for misleading investors

19-04-2019

Prosper, a longtime player in the personal lending space, announced plans in November to enter the mortgage arena with a digital HELOC product that promised to disrupt home equity lending. But there's a chance these plans could be put on hold. The SEC announced Friday that Prosper has agreed to...

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Fintech lender Prosper to pay $3 million fine for lying to investors

19-04-2019

Prosper, a longtime player in the personal lending space, announced plans in November to enter the mortgage arena with a digital HELOC product that promised to disrupt home equity lending. But there’s a chance these plans could be put on hold. The SEC announced Friday that Prosper has agreed to...

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Marketer Intel: Keosha Burns with Chase Home Lending on reaching new buyer…

19-04-2019

In this installment of Marketer Intel, we talk with Keosha Burns, head of public relations at Chase Home Lending, on the challenges of reaching new buyer groups, specifically Millennials. Keosha built her career in Washington, D.C., joining the industry at the Financial Services Roundtable, then working for nearly five years...

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Expert: Workforce housing segment could soften in 2019

19-04-2019

Lenders saw a negative profit margin twice in 2018, even hitting an all-time low in the fourth quarter, and the hurdles are far from over going into 2019. Lenders should stay focused on more value-added products, according to Beth O’Brien, CoreVest Finance president and CEO and 2018 HousingWire Women of...

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Housing starts fall to slowest pace since 2017 led by flood-ravaged Midwest

19-04-2019

Housing starts in March fell to the slowest pace in almost two years, according to a report from the Department of Housing and Urban Development and the Department of Commerce. The decline was led by single-family starts while multifamily starts, a category including condominiums and apartments that tends to be...

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LoanLogics names new CEO

18-04-2019

LoanLogics has announced that its president and COO, Bill Neville, will take over the role of CEO from Brian Fitzpatrick. LoanLogics Founder and Chairman Howard Conyack Jr. said Neville’s leadership will help drive the company’s technology development and innovation.Read more: https://www.housingwire.com/articles/48833-loanlogics-names-new-ceo

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NAR slapped with second class-action lawsuit to end buyer broker compensation

18-04-2019

A second class-action lawsuit has been filed in protest of the buyer broker compensation rules set forth by the National Association of Realtors. The suit alleges that NAR and MLS providers violated federal antitrust laws by requiring property sellers to pay the buyer's broker an inflated fee, a claim NAR...

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Zillow technical error questions loan officers’ employment status

18-04-2019

Several hours ago, mortgage loan officers took to social media in response to a strange email they received from Zillow. Here's what happened and here's how Zillow is fixing it.Read more: https://www.housingwire.com/articles/48831-zillow-technical-error-questions-loan-officers-employment-status

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Study: Same-sex couples much more likely to be denied a mortgage

18-04-2019

Mortgage lenders may be discriminating against borrowers based on sexual orientation. This is according to a study from Iowa State University, which analyzed 30 million mortgages originated from 1990 to 2015 and found that same-sex couples are 73% more likely to be denied a loan than male-female couples, and that...

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Rally in FAANG stocks are a 'head fake,' says investor

17-04-2019

Tony Scherrer of Smead Capital Management says investors should sell FAANG stocks and buy "disregarded" stocks such as banks or home builders.Read more: https://www.cnbc.com/video/2019/04/17/rally-in-faang-stocks-are-a-head-fake-says-investor.html

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This is how America's housing affordability is impacting credit quality

16-04-2019

It's official: The era of unusually affordable housing has ended. Well, according to a recent Moody's Investors Services analysis. The organization claims that America's housing affordability has returned to average historical levels, therefore impacting credit quality across numerous housing-related sectors.Read more: https://www.housingwire.com/articles/48814-this-is-how-americas-housing-affordability-is-impacting-credit-quality

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