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Facing the Barriers to Homeownership in Rural America

Appraisal Buzz

Between 2018 and 2023, 30% of rural homebuyers were denied mortgages due to credit issues, compared to 19% of urban applicants. Owner-occupied homes in rural areas are twice as likely as urban homes to fall short of the Department of Housing and Urban Developments housing adequacy standards.

Legal 243
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No. 1 originator Shant Banosian named president of Rate

Housing Wire

I’m going to start by making Rate the absolutely best place for every single loan officer to work at figuring out ways in which we can develop them, give them all the skills, the coaching , the mentoring and the tools, so they can have an amazing business, but also better serve all their clients and all their partners.

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FHFA approves Classic FICO for Fannie Mae, Freddie Mac

Housing Wire

The validation and approval of Classic FICO by the enterprises allows them to continue supporting the mortgage market while assessing more modern credit score models that were submitted in response to the 2020 Joint Enterprise Credit Score Solicitation ,” the FHFA announced.

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Class Valuation acquires AMC Valuation Connect

Housing Wire

According to Class, the two companies align on important issues, including culture, service, efficiency and technology development. This collaboration will allow us to accelerate the development of cutting-edge appraisal technology and deliver unmatched value.” Combining forces is going to be a win-win for all stakeholders.”

Valuation 435
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LeadingRE promotes Reisinger to COO, Edgerton to Chief Legal Officer

Housing Wire

Edgerton moves up from her position of executive vice president of operations, which she’s held since 2018. Additionally, she serves on the Board of Directors for Moderne Ventures and recently served on the boards of Upstream and RESO. million global transactions a year.

Legal 418
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States Title raises $150M for home closing tech

Housing Wire

Title insurance upstart States Title announced this week $150 million in debt financing from HSCM Bermuda , which will go towards developing a more modern home closing experience. The debt financing will go towards product development, investment in go-to-market growth, and the refinance of debt to Lennar Corp.,

Finance 356
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Manufactured homes are appreciating faster than site-built homes

Housing Wire

Department of Housing and Urban Development (HUD) and U.S. increased by 58.34% between 2018 and 2023. increased by 58.34% between 2018 and 2023. It called these the most extensive updates of their kind in three decades as the department seeks to modernize the features of manufactured homes to drive demand.