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Rocket Mortgage wins $10 million dismissal in 2012 lawsuit

Housing Wire

A group of 2,769 West Virginian borrowers claimed in the lawsuit, which was originally filed on July 23, 2012, that Rocket Mortgage (known then as Quicken Loans ) and its insurance arm, Amrock (formerly Title Source ), were unfairly influencing home appraisal values. Rocket Mortgage has faced other legal activity over the last year.

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Manufactured Homes Appreciating at Rates Comparable to Site-Built Homes

Appraisal Buzz

While the study excluded refinancing data due to lower refinancing activity in manufactured housing, it relied on purchasing indexes to provide a market-reflective valuation. in 2012 to 57.4% The FHFAs methodology focuses on a repeat sale approach, analyzing price changes across multiple transactions.

Law 397
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SingleSource Hires Daniel Figurski as Chief Appraiser to Lead Expansion of Valuation Services

Appraisal Buzz

Figurski began his valuation career in 2012 as a commercial real estate appraiser. In his new role with SingleSource, Figurski will expand the companys valuation services to help home lenders, mortgage holders, and residential loan servicers increase efficiency through the use of effective, high-quality valuations.

Valuation 195
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U.S. property taxes increased twice as fast in 2023 compared to prior year

Housing Wire

The data also used an automated valuation model (AVM), and the analysis applied to 89.4 over the 10-year span from 2012 to 2021 — even after adjusting for inflation.” million single-family homes in the U.S. The yearly growth rate for property taxes in 2023 was 6.9% but was nearly half that in 2022, standing at 3.6%.

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RealScout launches seller lead nurture features

Housing Wire

Agent-client collaboration platform RealScout announced the launch of RealScout Pro+ on Tuesday, the first significant update to the platform since it was founded in 2012. “It Home Value Alerts provides prospective sellers with multiple automated valuation estimates for their home, including a Zillow Zestimate.

Sellers 431
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Blend hopes to be valued at $4B following IPO

Housing Wire

Mortgage software platform Blend Labs set terms for its initial public offering Tuesday including its goal to raise up to $360 million for a targeted valuation of nearly $4 billion. It has raised a total of $655 million since its founding in 2012, according to Crunchbase. The company also announced expectations to have a total of 219.6

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Compass files for IPO

Housing Wire

billion in venture capital and achieved a valuation of $6.4 Founded in 2012 by Robert Reffkin and Ori Allon, Compass ended 2019 as the third-largest residential brokerage in the country, according to REAL Trends. The brokerage, which has raised $1.5 The Real Deal first reported news of the S-1 early Monday evening.

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