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First American DataTree Earns U.S. Patent for FlexSearch
First American DataTree®, the leading national provider of property data and document images, today announced that the United States Patent and Trademark Office has issued U.S. Patent #10,783,367 for FlexSearch™, an innovative property data search engine that instantly searches against any word, phrase, name or item in any recorded document nationwide. Based on a proprietary model of data acquisition and manufacturing, First American DataTree fully covers the U.S. housing stock and over 7 billion recorded document images. FlexSearch™ returns search results performed against billions of documents at once in just a few short seconds.
NAHB Files Complaint Regarding CDC's Eviction Moratorium Order
In partnership with Pacific Legal Foundation, the National Association of Home Builders (NAHB), along with Skyworks Ltd, Cedarwood Village LLC and Monarch Investment and Management Group, filed a complaint in the Northern District of Ohio challenging the U.S. Centers for Disease Control and Prevention’s (CDC) authority regarding its eviction moratorium order.
Existing-Home Sales Soar 9.4% to 6.5 Million in September
Existing-home sales grew for the fourth consecutive month in September, according to the National Association of Realtors®. Each of the four major regions witnessed month-over-month and year-over-year growth, with the Northeast seeing the highest climb in both categories.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending October 16, 2020.
Unmatched Accuracy, Confidence and Reliability: CoreLogic Launches New Automated Valuation Model
CoreLogic®, a leading global property data and analytics-driven solutions provider, today announced the launch of Total Home ValueX™, a new automated valuation model (AVM) that eliminates the need for multiple AVMs. Building on the existing Total Home Value suite, the new, single model methodology dramatically increases home value accuracy and hit rate for all AVM applications.

AccuSearch Company
Single-Family Construction Continues Dramatic Climb
Single-family starts showed continued growth in September as overall housing production increased 1.9 percent to a seasonally adjusted annual rate of 1.42 million units, according to a report from according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Builder Confidence Continues Record Climb
In a further show of strength for the housing sector, builder confidence in the market for newly-built single-family homes increased two points to 85 in October, further surpassing the previous all-time high of 83 recorded in September, according to the latest NAHB/Wells Fargo Housing Market Index released today.
Share of Mortgage Loans in Forbearance Declines to 5.92%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 40 basis points from 6.32% of servicers' portfolio volume in the prior week to 5.92% as of October 11, 2020. According to MBA's estimate, 3.0 million homeowners are in forbearance plans.
Appraisal Organizations Join Forces to Support Training, Ethics to Combat Bias
The Appraisal Institute, the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers and the Massachusetts Board of Real Estate Appraisers today announced their collective support for the development of additional training that addresses unconscious bias in valuation, and for each organization to individually review its Code of Ethics and other governing documents to further ensure awareness and compliance among its membership and the valuation profession as a whole.
Over 6 Million Renters and Homeowners and 26 Million Student Debt Borrowers Missed September Payments
Over 6 million households did not make their rent or mortgage payments and 26 million individuals missed their student loan payment in September, according to third-quarter 2020 research released today by the Mortgage Bankers Association's (MBA) Research Institute for Housing America (RIHA).
Remodeling Industry Confidence Surges in Third Quarter
The National Association of Home Builders (NAHB) released its Remodeling Market Index (RMI) in the third quarter of 2020, posting a reading of 82. The finding is a signal of residential remodelers’ strong confidence in their markets, for projects of all sizes. The demand for home improvement is robust given the importance of home for Americans as the economy recovers and adapts from the impacts of Covid-19.
September New Home Purchase Mortgage Applications Increased 38.2 Percent
The Mortgage Bankers Association Builder Application Survey data for September 2020 shows mortgage applications for new home purchases increased 38.2 percent compared from a year ago. Compared to August 2020, applications decreased by 5 percent.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 0.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 9, 2020.
Share of Mortgage Loans in Forbearance Declines to 6.32%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 49 basis points from 6.81% of servicers' portfolio volume in the prior week to 6.32% as of October 4, 2020. According to MBA's estimate, 3.2 million homeowners are in forbearance plans.
In COVID's Wake, Millennials Driving Nation's Desire for Bigger Homes, Outdoor Space
NAR conducted a pair of Community and Transportation Preference Surveys in 2020 to accurately register the impacts of the coronavirus. The latest iteration shows younger Americans – particularly those with children – have been most affected, although those who live in walkable communities register a higher quality of life than those who live in less walkable areas.
2021 Design & Construction Week Will be an All-Virtual Event
Due to health and safety concerns and ongoing travel restrictions stemming from the COVID-19 pandemic, the National Association of Home Builders (NAHB) and National Kitchen & Bath Association (NKBA) today regretfully announce that the 8th annual Design & Construction Week® (DCW) featuring NAHB’s International Builders’ Show® (IBS) and NKBA’s Kitchen & Bath Industry Show® (KBIS) will no longer be an on-site event. Instead, the two groups are planning a robust, all-virtual event.
American Land Title Association Elects Bill Burding NTP as President
The American Land Title Association, the national trade association of the land title insurance industry, announced that Bill Burding NTP has been installed as president for the 2020-2021 year.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 4.6 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending October 2, 2020.
American Land Title Association Achieves Record Membership for 11th Consecutive Year
The American Land Title Association(ALTA), the national trade association of the land title insurance industry, celebrates its 11th consecutive year of all-time record membership. With 6,427 member companies, ALTA has already surpassed its 2019 membership record by 14 companies.
Married Greenville Business Owners Sentenced to More than Seventeen Total Years, Ordered to Pay More than $2.5 Million in Restitution for Defrauding Home Buyers and Sellers
Evidence presented at trial showed that Dana and Bubba Roush owned and operated Kingdom Connected Investments, LLC. They marketed their company as a Christian organization and promised to create “win-win” situations for home sellers and buyers. They sought homeowners who often owed more on their home than the property was worth, and buyers who lacked good credit and thus could not obtain a conventional mortgage.
Share of Mortgage Loans in Forbearance Declines to 6.81%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Surveyrevealed that the total number of loans now in forbearance decreased by 6 basis points from 6.87% of servicers' portfolio volume in the prior week to 6.81% as of September 27, 2020. According to MBA's estimate, 3.4 million homeowners are in forbearance plans.
Real Estate Fraud Prevention Coalition Recognizes National Cybersecurity Awareness Month
This October, the Real Estate Fraud Prevention Coalition is leading efforts to recognize National Cyber Security Awareness Month in America. Alongside partners in federal, state and local government, the coalition will use this month to elevate public understanding of cybersecurity risks and equip consumers with tools and resources to stay safe online. This year’s theme is "Do Your Part. #BeCyberSmart."
NotaryCam's Rick Triola Recognized as 2020 HousingWire Vanguard
NotaryCam®, the pioneering leader in online notarization and original provider of mortgage eClosing solutions, today announced that its founder and CEO Rick Triola has been named a 2020 Vanguard by housing finance trade publication HousingWire as part of its sixth annual HW Vanguard Awards™ program.
WEST Announces Commitment to Global Efforts Supporting and Promoting Online Safety and Privacy for Cybersecurity Awareness Month
WEST, a Williston Financial Group Company dedicated to improving the residential real estate and mortgage transaction experience, today announced its commitment to Cybersecurity Awareness Month. WEST is pleased to join a growing global effort to promote the awareness of online safety and privacy by joining in this annual program promoted every October by the Champions Program of the National Cybersecurity Alliance.
American Land Title Association Launches Wire Transfer Fraud Education Campaign
The American Land Title Association(ALTA), the national trade association of the land title insurance industry, today launched a campaign to help educate both homebuyers and policymakers about the dangers of wire transfer fraud when closing on a new home or refinancing a mortgage.
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