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AI-Driven Fraud Poses a Serious Threat to the Mortgage Industry

Appraisal Buzz

In a recent report, Sarah Frano, vice president and real estate fraud expert at First American Title Insurance Company , explains that scammers are increasingly harnessing AI to generate deepfake videos and fraudulently pose as legitimate borrowers. A recent study from Deloitte estimates that generative AI could cause U.S.

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Success Mortgage CEO nominated as MBA vice chairman

Housing Wire

Lee’s nomination was announced by Mark Jones, the 2024 MBA chairman and president of Union Home Mortgage , who describing Lee as “an exemplary leader and prominent voice in the real estate finance industry.” “For

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Some say Austin’s rental market might collapse. That’s not reality

Housing Wire

What’s more, operating costs for apartment and SFR (single-family rental) operators are up significantly since 2019 due to higher property taxes, insurance, and payroll costs. Using 2017, 2018 as a normal level, delivery should start to look normal by 2027, 2028, so I think the market fundamentals will start to shift pretty soon.

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What’s the Cost of Living in Raleigh, North Carolina?

Raleigh Realty

In fact, the Wall Street Journal recently ranked Raleigh as the third-hottest job market in America. Housing Costs Raleigh real estate trends may show some rising prices but the median price for a home in Raleigh is $419,000 — slightly below the national median of $423,600. There’s no inheritance or estate tax in North Carolina.

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French Hill will chair the powerful House Financial Services Committee

Housing Wire

financial services industry including the housing, insurance , securities and banking sectors. But with Republicans remaining in control of the chamber through at least early 2027, he is expected to be easily confirmed. House of Representatives has selected Rep.

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UNDERSTANDING THE TRUE COST OF HOMEOWNERSHIP

Will Springer Realtor

The soaring prices of insurance and energy have dealt a two-pronged blow to homeowners’ wallets, with no relief in sight. Nationwide, home insurance premiums have surged by an average of 21% year-on-year, as of May 2023, equating to an annual increase of $244 per household. 5 vote (and ballot count the days after).

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Trump is victorious. Will mortgage rates go to 8%?

Housing Wire

He put the odds of it happening in 2027. This is] similar to the way the Federal Deposit Insurance Corp. Still, there is speculation that a second Trump administration would be much friendlier to mortgage and real estate industries than Biden. However, plans are already in the development stages.

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