The Federal Home Loan Bank of Chicago (FHLBank Chicago) and consumer credit scoring system VantageScore announced on Tuesday that the bank is now accepting mortgage collateral using VantageScore 4.0, an updated version of the scoring system using trended credit bureau data. “[M]ember financial institutions can now pledge mortgage collateral using…
Continue reading →Massachusetts-based Lamacchia Realty is continuing its expansion. The brokerage announced Tuesday that it has acquired Dalton, Massachusetts-based Berkshire Dream Home for an undisclosed sum. Berkshire Dream Home was founded in 2014 by Andy and Sarah Perenick. According to the release, in was the top firm in Berkshire County for transaction…
Continue reading →Mortgage rates held steady over the past week despite recent signs of relief from the labor market, according to HousingWire’s Mortgage Rates Center. In large part because of the lack of clarity as to when the Federal Reserve will begin cutting the benchmark rate, mortgage rates remained above the 7%…
Continue reading →CoStar Group is withdrawing two of its Homes.com advertising campaigns after two Fast-Track SWIFT rulings from the Better Business Bureau’s (BBB) National Programs National Advertising Division. The two challenges were brought by Move, Inc., the parent company of rival Realtor.com. Fast-Track SWIFT is an expedited process for single-issue advertising cases…
Continue reading →Institutional investors in single-family rental (SFR) houses cause rents in a neighborhood to increase quickly, but their entrance into a neighborhood doesn’t cause gentrification. That’s the conclusion from a working paper released Tuesday by the Federal Reserve Bank of Philadelphia. The paper examined the impact of an SFR company entering…
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