Farmers National expands near Cleveland with Maple Leaf purchase

Farmers will pay $40 million for the bank, which is in an affluent area in northeast Ohio.
Source: American Banker

What do car dealers think about outside lenders?

A subsidiary of Citizens Financial Group placed first in a recent J.D. Power ranking of car dealer satisfaction with noncaptive auto lenders. However, that group — primarily banks and credit unions — lagged other types of auto lenders.
Source: American Banker

Black Knight: Affordability improves for first time in 16 months

After months of declines, home affordability finally improved in July, according to the latest data from Black Knight. The national affordability landscape improved in July after 16 straight months of declines, according to a first look at the Black Knight Home Price index, which will be released in September.
Source: HousingWire Magazine

Redfin is now publishing real estate agent commissions on listings

A new study from Redfin showed that more than half of recent homebuyers don’t totally understand how their real estate agent gets paid, so the online brokerage is setting out to do something about that. Redfin announced Thursday that the commissions of buyer’s agents will now be published on some of the company’s real estate listings, because the company believes that being transparent with commission will help the customer better understand the transaction.
Source: HousingWire Magazine

Millennials would pay 4 times more than Boomers for ability to choose neighbors

The options are endless when purchasing or renting a home. Homebuyers and renters alike have their pick of locations, floor plans and price ranges, but one thing is totally out of their control: Who they live next to. As it turns out, some would be willing to shell out some real cash to handpick the people they live around. 
Source: HousingWire Magazine

Class Valuation promotes Stephanie Holdsworth to COO

Appraisal management company Class Valuation has promoted their Senior Vice President Appraisal Operations Stephanie Holdsworth, to Chief Operating Officer. Holdsworth was hired as the senior vice president, appraisal operations just this July.
Source: HousingWire Magazine

Amazon sells out of $105,000 three-bedroom houses

If you were planning on getting the $105,000 three-bedroom home Amazon started selling in recent months, you’re too late. It’s sold out. “We don’t know when or if this item will be back in stock,” the retailer says, when you go to the page for “Cliff – Premium Prefabricated Modular House.” But, there are other options, such as a Cabin Kit for $32,990, or a Timber House for $75,000. Both are in stock.
Source: HousingWire Magazine

Comment on Why “Bifurcated” Won’t Work by Angela

Richard, would you please share with us the list of ten potentially “comparable” properties you provided the inspector? Maybe just post the addresses, sale prices, and identify which comparable was one, two, or three that you referenced above. You can post them in this thread.

Source: Working RE Magazine

HUD awards $75 million to combat youth homelessness

Programs designed to combat homelessness in 23 communities across the country are getting $75 million in funding from the Department of Housing and Urban Development, a jump from last year’s $43 million in awards. HUD’s Youth Homelessness Demonstration Program offers rapid rehousing, permanent supportive housing, transitional housing and host homes to communities.
Source: HousingWire Magazine

Inside Berkshire's ambitious diversity campaign

Malia Lazu, a former community organizer, is overseeing a cultural shift at the Boston company that includes a new program designed to make more loans to minorities.
Source: American Banker