Clear Capital, Truckee, Calif., has released a new valuation tool that combines a property inspection with an automated valuation model score.The product allows for supportable human adjustments to an AVM value conclusion for a more refined and confident value outcome, the company said. The property inspection component is designed to answer six questions about a property in comparison with others in the neighborhood, including: the condition of the roof; the condition of the paint/siding; the condition of the landscaping; the quality of the view; the functional utility of the lot; and the lot location. The report also includes verification if the subject resides in a ZIP code that falls within an area declared a disaster area by the Federal Emergency Management Agency, additional narrative information on the subject property, and two photos of the subject. Clear Capital can be found on the Web at http://www.clearcapital.com.
-
A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
8h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
11h ago -
While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
July 11 -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
July 11 -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11