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FHA unveils Automated Underwriting System as part of modernization initiative

Housing Wire

The AUS is built upon FHA’s Catalyst technology platform – a modernization initiative the company says will build trust through “reliable and accurate data, facilitating modern systems for the FHA program participant community.” It is modernization of the entire process.

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Builders apply the brakes amid canceled contracts

Housing Wire

However, for the first time in recent modern-day history — due to supply chain issues and other factors — housing completion data has lagged behind housing permits and starts. For the builders, they have a new problem: they had homes under contract and then mortgage rates jumped in the biggest fashion ever recorded in history.

Contracts 545
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CHLA: Here’s how to modernize ‘short-changed’ Ginnie Mae

Housing Wire

The Community Home Lenders of America (CHLA) on Wednesday released a plan that it says would “modernize” Ginnie Mae , the government-owned company that manages the securitization of government-sponsored loans. CHLA added in a statement that the release of these recommendations is designed to coincide with relevant news.

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The best real estate transaction management software for 2025

Housing Wire

per month per user Contract required: Month-to-month Integrations: Popular CRM platforms, lead generation platforms, accounting software Dotloop is perfect for bringing agents, clients, and support teams together on every transaction. Best for team collaboration: Dotloop Pricing: Starting at $31.99

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In the race to modernize title, firms double down on software

Housing Wire

In the next five-to-10 years, Doma CEO Max Simkoff wants to make it possible for a homebuyer to sign a contract on their new home on a Friday evening and move in on a Monday morning. The post In the race to modernize title, firms double down on software appeared first on HousingWire. Qualia CEO Nate Baker.

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On Time Adjustments

Appraisal Buzz

Typically, this time starts when the comparable goes under contract, then ends on the effective date of the appraisal. This simplistic analysis means that for a sale that went under contract at $400,000 42-days ago, the increase factor would be $400,000 X 0.000329, or an increase of $131.51 times 42-days or $5,523. 575; italics added).

Contracts 284
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Renting vs. Buying: Single-Family Homes Offer Tenants More Options 

Appraisal Buzz

Home Renters Dish Out Their Amenity Wishlist A modernized kitchen was the feature that most house tenants mentioned when asked what they would change about their property. However, the majority of renters consider that basic kitchen appliances, such as a refrigerator, stove, or dishwasher, are necessities.

Tenants 370