The most important story is that the mortgage origination market continued to benefit from an improved housing market in 2015. Higher home sales, rising home prices and more homeowners in the housing market contributed to a stronger purchase origination market.
Wearable technology is about to expand into a whole new sub-market via your ear-holes with the advent of “hearables.” And this new category of connected devices for your ears is beginning to make its mark on global markets.
Experts predict that the hearables market could surpass $16 billion by 2020. A key component to the rosy prospects for hearables is their potential to steal market share from headphones, medical hearing aids and other wearables that aren’t situated in the ear.
Eight months after his appointment as the Director of Real Estate for the Illinois Department of Financial and Professional Regulation, Kreg Allison was unanimously approved for the position this week by the Illinois Senate.
Porat said the company scaled back its growth to focus on new technologies that would improve effectiveness and efficiency. Google wanted to focus on those efforts before continuing with work in the eight new cities, Porat said.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, grew 1.5 percent to 110.0 in September from a slight downward revision of 108.4 in August. With last month's gain, the index is now 2.4 percent higher than last September (107.4) and has now risen year-over-year for 22 of the last 25 months.
Realtor.com®, a leading online real estate destination operated by News Corp [NASDAQ: NWS, NWSA]; [ASX: NWS, NWSLV] subsidiary Move, Inc., today launched "Homeblebrag," allowing homeowners the ability to customize a shareable video bragging about their home, featuring actress, producer and director Elizabeth Banks.
Zillow Group, Inc. (NASDAQ: Z and ZG), which houses a portfolio of the largest and most vibrant real estate and home-related brands on mobile and Web, today announced several new products to help Premier Agents connect with home shoppers and sellers through expanded advertising opportunities.
You can drive a meeting from a tablet, but the massive Jamboard is the ultimate mission control. It includes two chunky passive stylii that feel like sidewalk chalk in your hand, and the screen is pressure-sensitive when you’re writing on it.
In a speech to the Mortgage Bankers Association Tuesday, Consumer Financial Protection Bureau Director Richard Cordray highlighted the bureau's work in helping the housing economy to recover, while emphasizing to the industry more regulation and oversight remain to come.
First American’s proprietary Real House Price Index (RHPI) looks at August 2016 data and includes analysis from First American Chief Economist Mark Fleming that explains that counter to conventional wisdom, affordability for home buyers in many markets is increasing due to low interest rates and increasing wages.
Motto Mortgage will open mortgage franchises throughout the U.S. increasing competition in the industry, resulting in more choice and a better experience for consumers. Its loan originators will work with real estate offices so that agents can help homebuyers obtain the mortgage loans that best fit their individual needs.
Data-driven algorithms govern many aspects of life: university admissions, resume screening, and a person’s ability to get a car or home loan. Often, using data leads to more efficient allocation of resources and better outcomes for everyone. But algorithms can come with unintended consequences—and without care, their application can result in a society we don’t want.
IF YOU THINK the only purpose of intersections is to move cars past each other, you solve problems like a plumber: with bigger pipes. But wide, barren streets full of traffic don’t make a livable city. One solution would be nothing. No lights, no curbs, no sidewalks—just colored pavers. It works. Accidents decline, traffic slows, and property values rise. “You’ll never do as good a job as two people using body language and eye contact,” says Sam Goater
Household formation is the number of newly occupied housing units, which includes both rented and owned. Most of the recent uptick in household formation has been attributed to the renter side. Just under half of the new households formed in the third quarter were from home owners.
"Though the majority of household formation is still renters, the owner-occupied share was at its highest level in a decade,” says Jed Kolko, chief economist at Indeed, an online job site. “Both the improving economy and the aging of millennials will give home ownership a boost.”
The cloud-based software provider's role has been to make life easier for mortgage professionals by helping them automate what has largely been a paper-based business, analysts say. Higher government scrutiny is making automation of the industry more necessary than ever.
According to the complaint, the plaintiff alleges that X One Inc. suffered damages to their business as the result of their patents being infringed. The plaintiff holds Uber Technologies Inc. responsible because the defendant allegedly infringes plaintiff's patents through their servers adapted to operate their mobile app.
The Home Affordable Modification Program will expire at the end of this year, and experts from the industry talked about its replacement: One Mod: Principles for Post-HAMP Loan Modification at the Mortgage Bankers Association annual conference this week.
The MBA revealed its new program proposal at the end of September. While the Federal Housing Finance Agency already created a new program to replace the Home Affordable Refinance Program, nothing is in place to take over for HAMP.
Next year won't be housing's emancipating rebound we may have hoped for, but it's also more than likely not going to be a stretch we'll have reason to fear. For glass-half-empty types, 2017 housing measures will likely continue to underperform historical norm trends based on real demand plus pent-up demand.
To crack the riddle, the project required a team of creatives including Lieberman, Sosolimited and Hypersonic, another design outfit with experience in large-scale installations. They call their solution Diffusion Choir. It’s a kinetic sculpture made up of hundreds of small, origami forms that shrink and expand, appear and disappear, to produce large-scale shapes that are simultaneously spellbinding and transient.
Consumers are less confident about the economy in October than last month, citing that, among other things, business conditions are bad, according to the Consumer Confidence Survey conducted by The Conference Board by Nielsen, a provider of information and analytics around what consumers buy and watch.
The index decreased to 98.6, down from September’s post-recession high of 103.5. The Present Situation Index decreased from last month’s 127.9 to 120.6, and the Expectations index decreased from 87.2 last month to 83.9.
WALT MARTIN IS kneeling, legs folded behind him, butt resting on his heels. “I’ve got to practice my yoga,” he says, clearly joking. Never mind that we’re in the cab of an 18-wheeler cruising through Colorado at 55 mph and Martin was, until a moment ago, the guy at the wheel.
Black Knight Financial Services, Inc. (BKFS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, announced today that it launched Motivity Anywhere, a mobile app that enables mortgage lenders to instantly access critical business intelligence on Apple and Android devices. The app leverages Black Knight's LoanSphere Motivity platform, which delivers real-time analytics to help mortgage lenders proactively monitor, measure and manage performance across the enterprise.
Known as eMortgage, the new service will empower lenders and their clients to electronically-sign the mortgage paperwork associated with the more than 12 million real estate documents and 2.5 million real estate transactions already DocuSigned every year.
The news marks an expansion of DocuSign's 'lead to close' strategy for the real estate industry, first announced by the company's Chairman and CEO Keith Krach in July this year. The strategy entailed DocuSign making its biggest investment in the real estate industry to date.
From above, the Taklamakan Desert in China looks almost empty—a set of sand dunes the size of Germany. But at the desert's edge, there's a turquoise rectangular shape that looks a little like a giant swimming pool. It's a mine for potash, a key ingredient in fertilizer. The bright ponds stretch more than 13 miles.
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