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CFPB Acts Against Contract-for-Deed Investors Targeting Low-Income Borrowers

Appraisal Buzz

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). Paul, MN, and the advisory opinion is being made public concurrently with the hearing.

Contracts 367
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Contracts for deed are under federal mortgage protections: CFPB 

Housing Wire

The Consumer Financial Protection Bureau (CFPB) on Tuesday released an advisory opinion stating that contracts for deed are under federal home lending rules and should provide consumer protections. Mancini – who is testifying during a CFPB field hearing on land contracts on Tuesday in St. among subprime loans.

Contracts 482
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Existing-Home Sales Experience Seasonal Climb

Appraisal Buzz

More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%. In November, 13% of properties were bought by individual investors or second-home purchasers, who account for a large portion of cash sales.

Inventory 396
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Indigo secures $8M in funding for expansion in 2025

Housing Wire

Indigo is a search platform that allows buyers to bid on agent-approved listings. The Home Checkout feature validates buyer offers before the transaction continues. We are thrilled to partner with our investors to power the future of home negotiations together,” Shah said in a statement.

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Why investors believe CoStar holds a big advantage post-NAR settlement

Housing Wire

The opposite trajectories of their stock prices seem to reflect investor appetites for their different business models. Last December, Zillow netted 105 million unique visitors, according to Comscore data cited in Zillow’s investor materials. Zillow For years, Zillow has dominated online home listings.

Investors 482
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As fundraising environment freezes, power buyer UpEquity cuts staff

Housing Wire

Co-founded in 2019 by Tim Herman and Louis Wilson, the lender and “power buyer” allows homebuyers to make all-cash offers to compete with institutional investors. UpEquity earns a commission from brokering or selling the mortgage buyers take out to buy their homes. In October, ??the

Buyers 418
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Starter home growth is sparking buyer activity: Redfin

Housing Wire

Even as pending sales of starter homes across the nation’s 50 largest metro areas grew on a yearly basis in July, the number of homes going under contract in other price tiers backtracked. We are seeing a lot of younger buyers looking at smaller starter homes. Sale prices for starter homes rose 4.2% growth for middle-priced homes.

Buyers 448