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Real estate tech firm Prevu raises $6 million in Series A

Housing Wire

The Smart Buyer Rebate, the company’s flagship product, allows prospective homebuyers to find a home with a customized property feed that shows their potential rebate. In October 2022, Prev u acquired mortgage technology assets from shuttered real estate startup Reali. The firm claims to have brokered more than $1.5

Finance 420
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Opinion: To redress racial bias in mortgage underwriting, scrap the credit score

Housing Wire

The report, released back in December, noted that Navy Federal Credit Union approved more than 75% of white borrowers who applied for a new conventional home purchase mortgage in 2022 vs. less than 50% of black borrowers. cities — looms in the background. One of the biggest offenders in algorithmic bias is the almighty credit score.

Mortgages 420
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‘Mortgage winter’ is expected to thaw a bit

Housing Wire

The housing industry, including the secondary market it feeds, is still likely to be sluggish in 2024, with marginal improvements in some sectors as others tread water or retreat slightly, industry players who spoke with HousingWire predict. I wouldn’t make a bet on it is because there’s just so much complexity in this.”

Mortgages 441
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What Omicron, bond market and jobs mean for housing

Housing Wire

My premise is that we should get all the jobs lost to COVID-19 by September of 2022 or earlier. Unlike other people, I don’t believe in the conspiracy theories that there are many Americans who have not been working since 1945 but have been able to feed themselves, buy or rent shelter and purchase clothes. percentage point to 4.2

Marketing 473
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Top LO Shant Banosian on how to prepare for 2023

Housing Wire

Banosian compared today’s opportunity for growth to 2008, saying that those who were “killing it” in and after 2008 are not the same people who were doing well before then. “If Whether or not you succeed in 2022 and 2023 begins with looking at what you can do to help your team navigate this time.

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Here’s an inside look at local housing markets across the country

Housing Wire

“It has been a great city to work in because it is incredibly safe, and there is a steady stream of people that want to live here because the surrounding communities have great schools and some good colleges and there is a decent amount of job growth.”. year-over-year to $210,000, according to Realtor.com.

Marketing 384
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$1 million conforming loan limit reignites affordability debate

Housing Wire

The Federal Housing Finance Agency (FHFA), the regulator of Fannie Mae and Freddie Mac, announced that the baseline conforming loan limit in 2023 will increase by 12.21%, or $79,000, compared to 2022 , to $726,200. The new ceiling for one-unit properties in designated high-cost areas will reach $1,089,300 — or 150% of $726,200.

Loans 284