TovoData Launches; Offers the Largest, Multi-Sourced Real Estate, Mortgage and Property Ownership Database for SaaS & App Innovators

Newport Beach, CA, October 29, 2020 –( PR.com )– TovoData officially launched today, with the relentless pursuit of providing current, complete and accurate data on 100% of U.S. residential properties in the U.S. through its unique acquisition of multiple real estate, mortgage and property ownership data sets. This multi-source approach and extensive AI-driven quality checks ensure the acquisition of public record property truth is proven from more than one source. With complete nationwide coverage of assessor, county recorder, property valuation, foreclosure and other derived data, TovoData’s entire real estate database can be licensed in full or in subsets.

“TovoData is the most advanced technology and data company in the industry. We take the biggest, best public record datasets, and run these through our proprietary AI engine to check the data before we use it in our own sister business, and make it available to our customers, at very flexible pricing

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Lloyds relaunches Lend a Hand mortgage with 90%+ LTV

Lloyds Bank (LLOY.L) is wading back into the riskier area of the mortgage market, as the UK housing sector booms.

Lloyds chief executive António Horta-Osório told journalists on Thursday that the bank was reopening applications for its ‘Lend a Hand’ mortgage, which is aimed at young people and first time buyers.

The Lend a Hand mortgage allows young people to lean on their family for help with the deposit for a property. Family members put 10% of the value of a property in a locked savings account, which enables the buyer to borrow up to 100% of the value of the property they are buying.

Lloyds first launched Lend a Hand mortgages last year but stopped accepting applications as the pandemic struck. Horta-Osório said applications would begin to reopen from Thursday.

READ MORE: Lloyds beats forecasts and returns to profit in third quarter

The news came as Lloyds reported forecast-beating

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How much of your income you really need to pay off a mortgage in Australia

Housing affordability is at the best level in a decade as a result of the coronavirus recession.

An Australian dual-income couple earning $1,305 a week after tax needed to dedicate 23 per cent of their monthly income to pay off a mortgage in September, down from 25.1 per cent a year earlier, an analysis by ratings agency Moody’s showed.

This was also well below the decade-average level of 26.4 per cent, covering the aftermath of the Global Financial Crisis to now.

Housing affordability (Adelaide house pictured) is at the best level in a decade as a result of the coronavirus recession. In September, an Australian dual-income couple earning $1,305 a week after tax needed to dedicate 23 per cent of their monthly income to pay off a mortgage, down from 25.1 per cent a year earlier, an analysis by ratings agency Moody’s showed

Buying a house or an apartment has

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U.S. new home sales drop; record low mortgage rates underpinning demand

WASHINGTON (Reuters) – Sales of new U.S. single-family homes unexpectedly fell in September after four straight monthly increases, but the housing market remains supported by record low mortgage rates and demand for more space as the COVID-19 pandemic drags on.

FILE PHOTO: A home under construction stands behind a “sold” sign in a new development in York County, South Carolina, U.S., February 29, 2020. REUTERS/Lucas Jackson/File Photo

The decrease in sales reported by the Commerce Department on Monday followed data last week showing single-family homebuilding and permits racing to levels last seen in 2007 in September. Confidence among homebuilders hit a record high in October, while sales of previously owned homes jumped to their highest level in more than 14 years in September.

“While there could be some ups and downs along the way, we still look for strength in the housing market as low mortgage rates boost activity and

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To Reclaim Ancestral Land, All Native Hawaiians Need Is a $300,000 Mortgage and to Wait in Line for Decades

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This story was co-published with the Honolulu Star-Advertiser, a member of the ProPublica Local Reporting Network.

Zalei Kamaile dreamed of owning a home.

The professional ukulele player worked long hours entertaining tourists on Oahu and saved her tips in a cookie jar. The money went into a modest house fund for her and her mother, but she knew that wouldn’t be enough. So in 1987, Kamaile, then 35, took the one step she considered her best shot at homeownership. She applied to a homesteading program for Native Hawaiians. Created by Congress in 1921, the program had a singular goal: return Hawaiians — especially impoverished ones — to their native lands.

Over the next two decades, Kamaile received

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Ruth Bader Ginsburg’s role in getting women fair access to mortgage loans paved the way for female homeownership to rise

After buying a condo in southwest suburban Lemont last fall, Brittainy Barattia not only signed her name on the dotted line, but also her marital status.

“When you sign your homeownership paperwork, there are several times when you have to sign the state of your marital status,” she said. “And they have to read it to you, so it would be like, ‘For Brittainy Barattia, a single woman, Brittainy Barattia, a single woman.’ I’m like, ‘Mmm hmm, I get it. My mom gets it, too — she is hearing you right now.’”

Single women in the United States have outpaced single men when it comes to home ownership since the late 1980s, according to U.S. Census Bureau data. But it wasn’t until legal battles and a law guaranteeing equal access to credit passed just a few years earlier that women could buy homes independently.

And among the women who helped

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Elderly residents may lose home of 50 years after falling victim to reverse mortgage scam

CHICAGO — The story is all too familiar: homeowner Kerwin Cockrell said in 2014 a knock on the door of his West Humboldt Park home was followed by promises of a free home repair program. 

“Young lady came out with a flyer, asking people if they needed work done on the house, you didn’t have to have no money; just call that number and talk to Mark, Mark Diamond,” Cockrell said.

It’s a scam Diamond had been running for years: preying on elderly, black homeowners with promises of a free home repair program that in reality was a reverse mortgage. 

Kerwin Cockrell and his brother Bruce eventually agreed to sign up to get work done on their home in 2014. 

“He started working on the house, putting a new roof on the house and after that you couldn’t find him, you call him and he wouldn’t show up,” Cockrell said.

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Fannie Asks Mortgage Execs How to Improve Condo Lending

The most recent Fannie Mae’s Lender Sentiment Survey
focuses on the complexities of lending to the condominium market. The company
stresses that this type of housing can play an important role in narrowing the supply gap for
affordable housing options as well as providing an attractive alternative for
homeowners seeking to downsize. However, since the great recession, there has
been a significant shortage of both new and existing units for sale.

Condos
represent 8 to10 percent of the mortgage market but tend to exist primarily and
thus play a larger role in many urban areas. They also present unique risks
given the financial responsibility owners share for the operation and maintenance
of the common areas and shared amenities. Lenders may also face increased time
and costs due to the complexity of underwriting condo project eligibility.

Fannie Mae
asked more than 200 senior mortgage executives about market trends and to help

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Mortgage provider Caliber Home Loans sets terms for $345 million IPO

Caliber Home Loans, a residential mortgage producer and servicer, announced terms for its IPO on Wednesday.

The Coppell, TX-based company plans to raise $345 million by offering 23 million shares (100% insider) at a price range of $14 to $16. At the midpoint of the proposed range, Caliber Home Loans would command a fully diluted market value of $1.8 billion.

With a diversified, customer-centric platform, Caliber Home Loans focuses primarily on the purchase market and is the second largest independent mortgage originator based on purchase volume since 2016. In the FY 2019, the company was the only mortgage provider to maintain a top 10 market position across all the retail, wholesale, and correspondent channels. 

Caliber Home Loans was founded in 1963 and booked $1.9 billion in revenue for the 12 months ended June 30, 2020. It plans to list on the NYSE under the symbol HOMS. Credit Suisse, Goldman

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Why Are Home Prices Rising So High? Blame Record-Low Mortgage Rates

When the coronavirus pandemic gutted the strongest U.S. economy, many assumed another recession would bring rock-bottom home prices along with it. Instead, home prices defied logical assumptions—and soared to new heights.

Paradoxically enough, one of the biggest drivers of the double-digit price hikes is the very same record-low mortgage interest rates that put homeownership within reach for the masses. They fell to a new all-time low of 2.81% in the week ending Oct. 15, according to Freddie Mac. That’s shaved a considerable amount off of monthly mortgage payments, allowing buyers to stretch their budgets further.

Those get-’em-before-they’re-gone rates are giving folks who are still employed and have been mulling purchasing a new home a bad case of FOMO. Add in months of being cooped up at home, and suddenly there’s a flood of buyers seeking larger homes, often with home offices and big backyards. That’s ratcheted up demand just as

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