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Rocket vs Zillow: The battle for ‘super app’ supremacy

Housing Wire

As industry analyst Mike Delprete put it in a recent blog post , both firms are now in search of the holy grail of real estate: a one-stop shop that combines home search, buy & sell, financing, and title insurance. Rocket’s strength in mortgage But when it comes to mortgage, Rocket has the clear advantage.

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How AI Can Help Solve the Mortgage Industry’s Cyclical ‘Problem’

Appraisal Buzz

BLOG VIEW: The Federal Open Market Committee (FOMC) on Sept. Traditionally, they would would ramp up hiring – more loan officers, processors, and contract underwriting. 18 announced its decision to cut the Fed Funds rate by half a percentage point. It was the first rate cut since the early days of the pandemic.

Mortgage 393
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Knock raises $220M, lays off 46% of workforce

Housing Wire

Inman News first reported on the layoffs , which were initially referenced in a colorful and revealing 1,700-word blog post complete with photos, tables, charts, and graphs on Black’s personal website. It was in December that Knock floated a pay cut for its loan officers, before rolling back the plan.

Investing 448
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Credit reports will be at least 20% more expensive in 2025, frustrated mortgage execs say

Housing Wire

Mortgage , which has 330 sponsored loan officers across 39 active branches, expects that most credit bureaus will raise their prices as well. “By Putting it into perspective Jim Wehmann, executive vice president of scores at FICO, wrote in a recent blog post that the $4.95 per score—equating to $4.35 per borrower and $8.70

Mortgage 435
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The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

Yesterday, the lender sent me some sales that the loan office obtained from the builder, that were supposed to support a higher opinion of value. You can also listen right here at Cleveland Appraisal Blog! 5 Things Agents MUST Provide The Appraiser In Today’s Hot Market – Birmingham Appraisal Blog. www.anchor.fm/cash-appraiserstats.com.

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Empowering Buyers to Succeed in Today’s Market

Appraisal Buzz

BLOG VIEW: Homebuyers have been dealing with a difficult market for some time. However, 2022’s market will only be a fraction of that, according to the latest estimates.

Buyers 195
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Mortgage industry takes another stand against the FHFA’s DTI fee

Housing Wire

In a blog post published Thursday, Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit made the case that the Federal Housing Finance Agency ‘s (FHFA) loan level price adjustments (LLPA) related to a mortgage borrower’s debt-to-income (DTI) ratio is unworkable and should be scrapped entirely.

Logistics 448