An executive at one industry vendor finds the definition of property values in in the midst of a transition.
“In my opinion, we’re in the middle of a re-emergence of actually defining values for properties versus assuming their worth is what somebody pays for them,” Platinum Data CEO Phil Huff told this publication.
“I think returning to market fundamentals is an important transition that’s going on right now in this part of the industry,” said Huff, whose company is involved
The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
