CFPB

Upstart Network Uses Alternative Data to Make Credit and Pricing Decisions

Today’s News Synopsis: No-Action letter issued by the CFPB to Upstart Network.  Mortgage rates continue to remain at their lowest for this year with 30-year rates at 3.78% and 15-year rates at 3.08%.  Following Amazon’s taking over certain stores such as Whole Foods, others are seeing this as an opportunity for real estate pricing. In …

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The Impact On Buying and Selling When Kids Are Involved

Today’s News Synopsis: What does it mean when “you’re moving with kids.”  The National Association of Realtors reported a 1.3% decrease in existing-home sales last month.  A judge in Illinois ruled in favor of keeping Zillow’s zestimates after homeowners tried to sue to have it taken away. In The News: National Association – “Existing-Home Sales Slide …

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Zillow Holds Contest For Best Improvement to their Zestimates Algorithm

Today’s News Synopsis: Black Knight Financial Services released their Mortgage Data Report for April 2017, which showed a 13% increase in mortgage delinquencies and foreclosures at their lowest in ten years.  Existing home sales decreased 2.3% in April, while pending home sales 5.9% month-over-month and 7.4% year-over-year.  Zillow is holding a contest for data scientists …

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CFPB Investigating Zillow Over Advertising Violations

Today’s News Synopsis: The CFPB is investigating Zillow regarding whether some of their advertisements were in violation of regulations against kickbacks.  Realtor.com released their newest list of places where you might not want to live if you are trying to move up from your starter home.  More houses should be built with the shortage of …

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Latest Case-Shiller Index Shows Prices at 31-Month High Year-Over-Year

Today’s News Synopsis: The latest Case-Shiller National Index from S&P and CoreLogic showed a 5.9% annual gain in home prices, putting them at their highest in 31 months.  The latest report from the CFPB showed complaints regarding credit were much higher from December 2016-February 2017.  A new product was released by ATTOM Data Solutions today …

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‘Mismatched Markets’ On the Rise for Many Customers

Today’s News Synopsis: ATTOM Data Solutions reported seriously underwater properties decreased by 1 million year-over-year and 7.2 million from their bottom in 2012.  Mortgage rates continue to remain steady with 30-year rates at 4.17% and 15-year rates at 3.39%.  Trulia’s research showed more and more people are wanting homes not available for sale. In The …

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TransUnion and Equifax Facing CFPB Fines for Deceptive Marketing

Today’s News Synopsis: In their latest HPI forecast, CoreLogic reported home prices increased 7.1% in November.  TransUnion and Equifax are facing fines from the CFPB for deceptive marketing.  December saw an increase in mortgage rates according to the latest report from Ten-X. In The News: Freddie Mac – “Freddie Mac Announces Final ACIS Transaction of 2016” …

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Ben Carson Selected As New HUD Leader, Although Many in Housing Have Different Opinions On This

Today’s News Synopsis: Tump has officially selected Ben Carson as the new leader of HUD, although many in the housing industry are divided on his choice.  The Federal Reserve Bank of New York reported an increase of $90 billion in mortgage debt in the third quarter, putting it at $8.35 trillion.  In an interesting news …

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3.4 Million Single Family Investment Homes Owned By Out of State Investors

Today’s News Synopsis: 3.4 million single-family investment homes in the U.S. are owned by investors outside of their home state, and a lot of them are homes in red states being owned by investors from blue states.  Fannie Mae released their latest 2016 Economic and Housing Outlook, showing they expect to see growth continue at …

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Fannie Mae to Release 3rd Quarter Financial Results Next Thursday

Today’s News Synopsis: The latest U.S. Census report showed homeownership increased slightly again after being at its lowest in 50 years.  Mortgage rates decreased slightly after an increase last week with 30-year rates at 3.47% and 15-year rates at 2.78%.  Fannie Mae will be releasing their financial results for the third quarter next Thursday, November …

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