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Home Prices Hit New Peak
Tue, 30 May 2017 05:01:23 +0000

According to new data, home prices have hit a new peak, now reaching $272,000. Eight states and 15 metros also hit new price peaks this year. Washington has seen the biggest jump in prices over the year.

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Two Bills that Affect Foreclosure Notices
Mon, 29 May 2017 15:05:07 +0000

The Maryland legislature has passed House Bill 26 (HB26) that amends the foreclosure notice provisions contained in Maryland Real Property Article 7-105.2. The legislature in Annapolis also passed House Bill 1048 (HB1048), which adds a new registration component to the Maryland foreclosure process. Once it becomes effective, the law will require the property to be registered with the states’ Department of Labor and Licensing Regulation within seven days of docketing the case.

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Inconsistency in the Courts
Mon, 29 May 2017 13:00:17 +0000

Applying the U.S. Supreme Court’s Spokeo ruling one way to FDCPA claims and yet another way to RESPA claims, federal courts have loan servicers and litigants guessing as to what type of harm to borrowers is considered concrete.

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Choosing a Tech Savvy Insurance Vendor
Mon, 29 May 2017 13:00:01 +0000

As third-party vendors continue to be an extension of the servicer, it’s imperative that a servicer selects a lender-placed insurance vendor that operates as a partner. There are various elements that should be considered when evaluating a lender-placed insurance partner, one of which is technology. Vendors that can effectively leverage technology can efficiently meet the changing needs and evolving regulations of the mortgage servicing industry. A vendor’s commitment to technology can ensure that servicers remain in compliance.

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Tech Talks: How Technology is Shaping the Industry
Mon, 29 May 2017 05:01:26 +0000

As the technology conversation in the mortgage industry heats up, many companies are attempting to meet industry demands and adopt streamlined industry processes. Today’s companies are driven by creativity and innovation and are fostered by client success. DS News spoke to James Vinci, VP and Chief Technology Officer at Equator, about what mortgage professionals can learn from other industries and what technology trends are having the most impact today.

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Week Ahead: Update on Economic Conditions in the Beige Book
Sun, 28 May 2017 19:00:36 +0000

The Summary of Commentary on Current Economic Conditions by Federal Reserve District, otherwise known as the Beige Book, will be released this Wednesday. The book, released eight times a year, summarizes anecdotal information on current economic conditions in its District through Bank and Branch director reports and interviews with key business contacts, economists, market experts, and other sources. Find this and a preview of what is to come in the Week Ahead.

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Nation Takes Aim at Veteran Homelessness
Fri, 26 May 2017 22:32:55 +0000

With nearly 40,000 American veterans homeless, the nation is finally starting to take notice. From new bills and big housing projects to events across the nation, parties from all over are taking at aim at veteran homelessness. The Five Star Institute’s upcoming Military Heroes Keys for Life event is just one such effort.

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Fannie Mae Gets Green Light on Third Front-End CIRT
Fri, 26 May 2017 22:15:24 +0000

Fannie Mae announced that it secured commitments for a front-end Credit Insurance Risk Transfer (CIRT) transaction. The risk transfer will have been committed prior to Fannie Mae’s acquisition of the covered loans, so the insurance coverage will be effective as soon as loans are acquired. This will begin in the 2017 second-quarter deliveries and is expected to be filled over the course of nine months.

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Military Family will Receive Free Home From Meritage Homes
Fri, 26 May 2017 21:04:59 +0000

Meritage Homes has partnered with Operation Homefront to continue providing mortgage-free, energy-efficient homes to military families. The companies will work with the Homes on the Homefront program to provide a new home in Dallas, Texas. This is the fifth year the two companies will be working together, having helped 600 families since 2012.

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Seven Markets Enjoying Fast Closings
Fri, 26 May 2017 20:47:20 +0000

Homebuyers in San Jose, California are enjoying the fastest closing times in the nation. Trailing behind San Jose, six other cities came in at 50 days or less. These markets are seeing multiple bidders, many of whom are pre-qualified and offer large down payments, on the first day of listing.

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