New tool tells lenders if properties were damaged by natural disaster

The new parcel-level disaster data is available as a free add-on to the VeroVALUE service, which the company describes as an AVM that provides realistic value ranges for properties across the country. Continue reading

Here’s what NAR wants in the next versions of Fannie and Freddie

NAR also said on Friday that any changes should maintain a host of features such as 30-year fixed-rate mortgages, affordable credit and reliable access to housing for both renters and homeowners. Continue reading

Home prices jumped 5.7% year-over-year at the end of 2018

Home prices jumped 5.7 percent during the final months of 2018 compared to the same period one year prior, with the mountainous states in the western U.S. seeing the strongest growth. Continue reading

Mortgage software company Ellie Mae to be acquired for $3.7B

Ellie Mae, founded in 1997, processes 35 percent of all mortgage applications in the U.S., according to Banking Tech. Continue reading

NAR wants to replace Fannie Mae and Freddie Mac

The National Association of Realtors (NAR) wants to replace Fannie Mae and Freddie Mac with a new entity that would be private, but regulated like a utility, that the organization believes would ensure the mortgage industry keeps running long-term. Continue reading

Will declining mortgage rates reverse static home sales?

Mortgage rates continued along their downward trend to end the year, according to the latest data from Freddie Mac, released Thursday. Continue reading

Housing market expected to stabilize in 2019: Fannie Mae

Economic growth is expected to slow in 2019 which means stabilizing home sales and mortgage rates in 2019, according to Fannie Mae’s economic and strategic research group.  Continue reading

Will Trump’s new housing finance director privatize Fannie and Freddie?

The Trump administration is preparing to nominate Mark Calabria to head the Federal Housing Finance Agency, the agency tasked with overseeing Fannie Mae and Freddie Mac. Continue reading

Millennials’ unconventional credit habits may change scoring models

According to the latest study by data scientists at VantageScore Solutions, a scoring model still struggling to gain acceptance by the federal agency that regulates the two secondary mortgage giants Fannie Mae and Freddie Mac, millennials have similar … Continue reading