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Home | News

Nation Takes Aim at Veteran Homelessness

With nearly 40,000 American veterans homeless, the nation is finally starting to take notice. From new bills and big housing projects to events across the nation, parties from all over are taking at aim at veteran homelessness. The Five Star Institute’s upcoming Military Heroes Keys for Life event is just one such effort.

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Fannie Mae Gets Green Light on Third Front-End CIRT

Fannie Mae announced that it secured commitments for a front-end Credit Insurance Risk Transfer (CIRT) transaction. The risk transfer will have been committed prior to Fannie Mae’s acquisition of the covered loans, so the insurance coverage will be effective as soon as loans are acquired. This will begin in the 2017 second-quarter deliveries and is expected to be filled over the course of nine months.

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Military Family will Receive Free Home From Meritage Homes

Meritage Homes has partnered with Operation Homefront to continue providing mortgage-free, energy-efficient homes to military families. The companies will work with the Homes on the Homefront program to provide a new home in Dallas, Texas. This is the fifth year the two companies will be working together, having helped 600 families since 2012.

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Seven Markets Enjoying Fast Closings

Homebuyers in San Jose, California are enjoying the fastest closing times in the nation. Trailing behind San Jose, six other cities came in at 50 days or less. These markets are seeing multiple bidders, many of whom are pre-qualified and offer large down payments, on the first day of listing.

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Black Knight Launches Municipal Lien Search

Black Knight Financial Services launched its Municipal Lien Search solution Wednesday to help uncover property debts and reduce risk associated with liens not included on property reports or outside of the scope of title insurance coverage. County debts; code and force violations; waste, water, ...

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FinTech Charters May Have Difficult Road Ahead

The OCC’s initiative to grant national bank charters to FinTech companies may not go as smoothly as some had hoped. According to a new report, there may be some unexpected hurdles that could stall its movement, including new leadership at the OCC and a recent lawsuit filed by various state regulators. President Trump named Keith A. Noreika to replaced Thomas J. Curry as head of the OCC in early May.

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BofA Capital Buffer Lags Behind

At the close of Q1, Bank of America had fallen behind its peers—at least in terms of its capital buffer. The bank came in last among major financial institutions, with just a 1 percent buffer for the quarter. Goldman Sachs took the top spot.

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Rising Demand, Shrinking Inventory Fuel Median Price Growth

There are few more concrete examples of supply-and-demand economics in action than the housing market. A new report looking at April numbers shows a spike in demand and a corresponding spike in median prices. The B-side, of course, is that while demand rises, inventory shrinks, fueling the current sellers’ market.

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Southern Cities on the Rise

The latest Census data has Southern cities reigning supreme in terms of population growth. Ten of the top 15 fastest growing cities in the country are located in the South, with five in Texas alone. The West also saw growth, claiming four of the top spots.

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