Cyborg realtor homes AI code
Clear Capital's new automated valuation model, ClearAVM, calculates what it says are unusually accurate home value estimates, in part by using "machine learning"
by Teke Wiggin Dec 26
Former Illinois judge sentenced to year in prison for mortgage fraud
Jessica Arong O’Brien, the first Filipina judge elected in Chicago history, was convicted of fraudulently obtaining mortgage investment properties over the course of 3 years
Homebuyer scammed out of fortune hired by title company
Aaron Cole lost his entire downpayment to scammers, but a deal with his title company will allow him and and his family to move into their new home just in time for Christmas
by Jim Dalrymple II Dec 20
Housing market expected to stabilize in 2019: Fannie Mae
Slower economic growth will mean more static interest rates and increasing affordability, a new study from Fannie Mae says
by Patrick Kearns Dec 14
Lower, a new AI mortgage startup, promises smarter lending
The Columbus, Ohio-based lender says it uses thousands of data points and loan history generate custom recommendations for prospective borrowers
by Gabriela Barkho Dec 13
Millennials’ unconventional credit habits may change scoring models
This generation has similar income and asset levels as most homebuyers, but they think about carrying credit differently, according to VantageScore Solutions’ latest study
by Lew Sichelman Dec 11
Millennials' finances are crushed by a 'debt machine,' Opendoor co-founder says
Jd Ross argues that millennials face considerably bleaker prospects than previous generations, which could ultimately hurt the economy
by Jim Dalrymple II Dec 6
FHFA raises conforming loan limits to $484,350
The Federal Housing Finance Agency gives 2019 homebuyers a break with a 6.9% increase in the max loan amount Fannie Mae and Freddie Mac can purchase
by Lew Sichelman Nov 27
LoanDepot originator's email to Realtor ignites blowback
The email encouraged the agent to drop their independent mortgage broker after they all worked on deals together. LoanDepot says it's handling the matter internally.
by Patrick Kearns Nov 21
Online mortgage lenders aren't ending discrimination: Study
'Algorithmic bias' against African American and Hispanic borrowers is widespread — even in the digital age
by Gabriela Barkho Nov 19
The craziest parts of the craziest house story you'll read this week
Terrorized for years by an anonymous letter-writer, nicknamed 'The Watcher,' a New Jersey family speaks out for the first time about their real-life real estate horror story
by Jim Dalrymple II Nov 16
Hippo
The company provides homeowners with instant quotes online
More properties are equity-rich than ever before
14.5 million homes in the US are now worth more than twice the cost of their loans, according to data firm Attom
Got $10? Become a new-home investor with Groundfloor
The Atlanta-based company lets investors at any level help developers build homes. The first loans are being used in North Carolina to build three $600k homes
by Craig C. Rowe Nov 2
Wall Street
The fear of being disrupted is real, but these leaders are taking a proactive approach
by Lew Sichelman Oct 26
Startup Ribbon raises $225M to be the credit card for homebuyers
The Charlotte-based startup announced it will back buyer offers with cash at no cost, and plans expansion into 10 new markets in 2019
by Jim Dalrymple II Oct 25