News Updates

New Report: 56% of Foreclosure Sales Owner-Occupied a Year Later

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Auction.com, the nation’s largest distressed real estate marketplace, released its Q2 2019 Seller Strategy report on September 3. The report provides data-driven insights for several key disposition metrics, including time to sell, sales execution and neighborhood stabilization. The study examined various disposition strategies used during the last year for more than 23,000 properties that went to foreclosure auction in the second quarter of 2018 via the Auction.com platform. The platform

Fund That Flip Raises $11M in Growth Financing from Edison Partners

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Award-winning fintech platform Fund That Flip has raised $11 million from growth equity firm Edison Partners. The company, launched in 2014, plans to use the capital to expand its market share of the trillion-dollar residential real estate investment industry. Fund That Flip provides short-term loans to experienced real estate redevelopers who buy and renovate residential properties. After origination, Fund That Flip offers accredited and institutional investors the opportunity to purchase

Housing Affordability Findings

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First American Financial Corporation’s April 2019 First American Real House Price Index reveals that: Real house prices decreased 0.9% between March 2019 and April 2019. Real house prices declined 0.72% between April 2018 and April 2019. Consumer house-buying power—how much one can buy based on changes in income and interest rates—increased 1.5% between March 2019 and April 2019, and increased 6.7% year over year. Average household income has increased 2.7%

Pretium to Acquire DeepHaven Mortgage

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Update: On September 18, 2019, Pretium and Värde Partners confirmed the completion of their previously announced agreement for Pretium to acquire Deephaven Mortgage LLC from Värde Partners. Terms of the deal were not disclosed. Pretium and Värde Partners agreed for Pretium to acquire Deephaven Mortgage LLC from Värde Partners. Founded in 2012, Deephaven is a leader in the non-qualified mortgage industry. The company partnered with Värde in 2014 to fund

Geophy Introduces Property Valuation Platform

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GeoPhy, a fast-growing company in commercial real estate technology, has launched Evra, a new AI-powered valuation platform. With Evra, commercial real estate investors, lenders and researchers can quickly access GeoPhy’s automated valuation model for accurate, transparent valuations for U.S. multifamily properties. Evra takes an automated, integrated, data-driven approach grounded on the GeoPhy AVM—an algorithm developed using proprietary property transaction and income datasets, combined with nontraditional data sources that capture quality

Entitle Insurance Company Changes Name

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National title insurance underwriter EnTitle Insurance Company has changed its name to Radian Title Insurance Inc. The company, acquired by Radian in 2018, is consistent with Radian’s strategy of uniting all of its subsidiaries under the One Radian brand. Through its family of companies, Radian offers a full range of residential mortgage and real estate products and services, including mortgage and title insurance, appraisal products, non-agency securitization reviews, secondary marketing