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Q1 Existing Single-Family Home Sales Prices Up in 7 Out of 10 Metro Markets

Q1 Existing Single-Family Home Sales Prices Up in 7 Out of 10 Metro Markets

by Phil Hall | May 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales prices on existing single-family homes during the first quarter were up in approximately 70% of major metro areas – 152 out of 221 markets – according to new data from the National Association of Realtors (NAR). However, the $371,200 national median...
Hackathon Aims to Remove Algorithmic Bias from Housing and Lending

Hackathon Aims to Remove Algorithmic Bias from Housing and Lending

by Phil Hall | May 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Fair Housing Alliance (NFHA) is teaming with the digital media platform UrbanGeekz on a special event designed to remove algorithmic bias from the housing and lending sectors. The inaugural Tech Equity Hackathon will be held June 16–18 at American...
America First Credit Union Taps FirstClose for Home Equity Solution

America First Credit Union Taps FirstClose for Home Equity Solution

by Phil Hall | May 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

FirstClose Inc., an Austin-based fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, announced that America First Credit Union selected its FirstClose Equity solution to provide members access to a digital end-to-end home...
Mortgage Servicing Software Firm Sagent Opens Office in India

Mortgage Servicing Software Firm Sagent Opens Office in India

by Phil Hall | May 9, 2023 | International Real Estate News, Mortgage Information, News/Current Events, WRE News Exclusive

Sagent, a King of Prussia, Pennsylvania-headquartered fintech software company focused on mortgage servicing for banks and lenders, has opened a non-U.S. headquarters in Chennai, India. The new 18,367 square-foot facility will employ more than 120 individuals. Sagent...
Newark Program Sells City-Seized Properties for as Little as One Dollar

Newark Program Sells City-Seized Properties for as Little as One Dollar

by Phil Hall | May 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The city government of Newark, New Jersey, has launched a program that will sell seized residential properties for as little as one dollar According to a NJ.com report, the properties in the Homeownership Revitalization Program were seized for non-payment of taxes,...
UK Lender to Reintroduce 100% Mortgage

UK Lender to Reintroduce 100% Mortgage

by Phil Hall | May 8, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Skipton Building Society has announced plans to become the first U.K. lender to offer a 100% mortgage since the 2008 financial crisis. According to a report in The Guardian, 100% mortgages are designed for first-time buyers who are unable to save for a down payment....
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