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MBA Endorses Plan to Significantly Increase Black Homeownership by 2030
The Mortgage Bankers Association (MBA) endorses today's announcement by the Black Homeownership Collaborative to close the Black homeownership gap through its 7-point plan - a solutions-based initiative to increase Black homeownership by 3 million net new households by 2030.
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American Land Title Association Applauds Reps. Dean and Armstrong for Reintroducing Bipartisan SECURE Notarization Act in the House
The legislation provides certainty for interstate recognition of RON and establishes minimum standards to ensure strong nationwide consumer protections.
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May New Home Purchase Mortgage Applications Decreased 5.9 Percent
The Mortgage Bankers Association Builder Application Survey data for May 2021 shows mortgage applications for new home purchases decreased 5.9 percent compared from a year ago. Compared to April 2021, applications decreased by 9 percent.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 4.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 11, 2021.
Once-In-A-Generation Response Needed to Address Housing Supply Crisis
Decades of underinvestment and underbuilding have created a shortage of housing in America that is more dire than previously expected and will require a concerted, long-term nationwide commitment to overcome, according to a new report released today by the National Association of Realtors® and authored by the Rosen Consulting Group.
Single-Family Starts Steady in May
Overall housing starts increased 3.6 percent in May to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Vacation Home Sales Skyrocket as a Result of Pandemic
The sale of and demand for vacation homes soared during the COVID-19 pandemic, according to a new study from the National Association of Realtors®. The 2021 Vacation Home Counties Report finds that buyers flooded the real estate market in the second half of 2020 and through April 2021, causing vacation home purchases to rise expeditiously.
Rising Material Challenges, Declining Builder Sentiment
Rising material prices and supply chain shortages resulted in builder confidence dipping to its lowest level since August 2020.
NAR Applauds Reintroduction of Bipartisan Broadband Legislation in the Senate
"NAR is thrilled to see federal lawmakers taking concrete steps that acknowledge the importance of broadband access, particularly in historically underserved communities. We thank Senators Bennet, King and Portman for working in a bipartisan fashion to make meaningful change, and we look forward to doing whatever we can to see this legislation signed into law."
MISMO Launches eMortgage Technology Certification Program to Assist Lenders in Identifying Products that Comply With Industry Standards
MISMO®, the real estate finance industry's standards organization, announced today that it is launching an eMortgage Technology Certification program to assist lenders in identifying products that comply with industry standards.
Traditional Abstract, LLC Emerges as Leading Abstract Company in Easton and Bethlehem, Pennsylvania
As a leading abstract company in Easton and Bethlehem, Pennsylvania, Traditional Abstract, LLC always aims to customize its services according to the needs of its clients and create a more personal space.
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A call to eliminate the APR
The annual percentage rate ("APR") is intended to represent the total cost a borrower could pay in a year for borrowing money. The purpose of the APR disclosure is to serve as a basis for choosing between similar financial products, such as multiple credit card or auto loan offers. However, the APR does not work for all types of financial products, especially certain business finance products.

Three Powerhouse Women to be Nominated to Doma Board; Expects to Add Facebook's Chief Diversity Officer, Public Company CFO, and
Doma, a leading force for disruptive change in the real estate industry, today announced that Sharda Cherwoo, Maxine Williams, and Serena Wolfe will be nominated to its Board of Directors in connection with the closing of its previously announced business combination, marking an important step in diversifying the leadership that is guiding Doma through sustained and accelerating growth.

Arrests Made in Coconut Grove Vacant Lot Fraud Scheme
Law enforcement officers in South Florida have arrested three people accused of running a scam to sell at least one vacant lot they didn't own. The deed appeared to be signed by notary Mohamed Chraibi, who told NBC 6 he is also a victim of identity theft and is cooperating with Miami PD detectives. Chraibi said his signature on the deed is a forgery along with an incorrect notary stamp.

Lanco Title joins Northwest Title family of companies
Ohio-based Lanco Title Agency has joined forces with the Northwest Title group, bringing the two Buckeye State firms together.

First American Financial Pays Farcical $500K Fine
In May 2019, KrebsOnSecurity broke the news that the website of mortgage settlement giant First American Financial Corp. [NYSE:FAF] was leaking more than 800 million documents - many containing sensitive financial data - related to real estate transactions dating back 16 years. This week, the U.S. Securities and Exchange Commission settled its investigation into the matter after the Fortune 500 company agreed to pay a paltry penalty of less than $500,000.

California Notaries Oppose Use of Remote Technology
The CLIN is arguing that the bill is already obsolete now that the US is starting to reopen. It also objected to the content of the bill itself, essentially suggesting that the country should never switch to an online notarization system. It is therefore asking federal lawmakers to abandon the proposal, and to refrain from considering any similar legislation at any point in the future.

How An Ex-Semipro Poker Player Bet Big And Won The $4.3 Trillion Mortgage Market
Thanks in no small part to Blend, the mortgage application, underwriting and closing process-once a weeks- or months-long slog of paperwork, emails, faxes and phone calls-can now be done almost entirely digitally. Blend saves an average of 7.3 days and $520 in operational costs per loan and allows a typical banker to close 14 mortgages a month.

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