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NAR: Pending Home Sales Rise 4.6% in January

NAR: Pending Home Sales Rise 4.6% in January

Wednesday, 27 February 2019
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Pending home sales rebounded strongly in January, according to the National Association of Realtors. All four major regions saw growth last month, with the largest increase occurring in the South. The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 4.6 percent to 103.2 in January, up from 98.7 in December. Year-over-year… Read more...
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Cottonwood Title Inks Deal to Protect Wire Transactions

Cottonwood Title Inks Deal to Protect Wire Transactions

Monday, 25 February 2019
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Cottonwood Title Insurance Agency Inc., one of the largest independent title agencies in Utah, has inked a deal for SafeWire, a platform designed to protect the wire transactions facilitated by agents in North-Central Utah. SafeChain, which specializes in wire-fraud prevention software and blockchain implementation for the land title industry, developed SafeWire. “At Cottonwood Title, we… Read more...
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Angel Oak Expands into Fix and Flip Financing

Angel Oak Expands into Fix and Flip Financing

Tuesday, 26 February 2019
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Angel Oak Prime Bridge LLC has expanded its wholesale options for mortgage brokers looking to expand offerings to clients that want fix and flip home financing. The outlook for the fix-and-flip market shows an incredible opportunity for growth in the years to come. The aim is for brokers to have streamlined access to innovative solutions… Read more...
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In an AI World Originators' Roles Will Focus on Creating Loan Demand

In an AI World Originators' Roles Will Focus on Creating Loan Demand

Sunday, 24 February 2019
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By Pat Sherlock I believe that in the not-too-distant future, artificial intelligence technology will be integral to the operational side of the business and will usurp functions that originators have traditionally performed. No longer will originators determine product slotting for their customers. Computers can do that better and faster. Just think how fast Big Blue's… Read more...
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Expanding Your 'Sphere' Means More Business

Expanding Your 'Sphere' Means More Business

Monday, 25 February 2019
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By Dave Hershman Last time, we started the process of defining and identifying one's "sphere." We noted that the sphere should be the basis of a personal marketing plan, and therefore, it is imperative that we have a true understanding of the scope of one's sphere. Now we will describe four additional parts of your… Read more...
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Zillow Group Reshuffles Leadership Roles

Zillow Group Reshuffles Leadership Roles

Friday, 22 February 2019
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Rich Barton will return as chief executive officer to Zillow, the company he co-founded in 2005 and served as CEO until 2010. He replaces Spencer Rascoff, a co-founder who will remain on the board. Barton had been executive chairman but will give up that post to assume his new role. Lloyd Frink, co-founder of Zillow,… Read more...
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New Home Sales Dipped 8% in January

New Home Sales Dipped 8% in January

Friday, 22 February 2019
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The sale of single-family homes fell 8 percent in January 2019, compared with the same period one year earlier. That’s the fifth consecutive month of year-over-year declines in new-home sales, according to Redfin. But the size of the drop was smaller than in December in all regions except the West, where sales fell by more… Read more...
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The Week's Market Insights with Bill Bodnar from the Mortgage Market Guide

The Week's Market Insights with Bill Bodnar from the Mortgage Market Guide

Thursday, 21 February 2019
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https://youtu.be/La163Udl_3o Bill Bodnar discusses balance sheet runoff from $3.8 trillion in bonds, which is similar in the effect it has on the economy to when the Federal Reserve clamps down on credit. For the rest of the story, please view the video. Read more...
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Existing Home Sales Weak in January, But Have 'Likely' Reached a Low

Existing Home Sales Weak in January, But Have 'Likely' Reached a Low

Thursday, 21 February 2019
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The sale of existing homes fell to a seasonally adjusted annual rate of 4.94 million, or 1.2 percent, in January compared with December. [caption id="attachment_10266" align="alignleft" width="320"] January 2019 Housing Snapshot[/caption] Sales are now down from an annual rate of 5.4 million, or 8.5 percent, compared with the same period in 2018 year ago, according… Read more...
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loanDepot Technology Brings 8-Day Closings (Possibly)

loanDepot Technology Brings 8-Day Closings (Possibly)

Wednesday, 20 February 2019
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The mello smartloan is envisioned as an end-to-end digital mortgage that’s designed for online consumers, reducing the stress and frustration that can accompany that process. To attain that goal, mello smartloan loan origination system was combined with intelligent data sources to create a 'smartloan’ that holds the promise of reducing by up to 80 percent… Read more...

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