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.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
August 13 -
For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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