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86 DISTRICT OF COLUMBIA Fannie Mae to Sponsor Developer Summit Cloud-based platform provider for the mortgage industry, Ellie Mae, has announced Fannie Mae, headquartered in Washington, D.C., as the sponsor of its Experience 2019 Developer Summit. e two-day event is filled with highly technical content designed for software developers and data scientists during the Experience 2019 User Conference, March 10-13, 2019 at Moscone West in San Francisco, California. During the Developer Summit, attend- ees will hear keynotes from Robbie Bach, Former Chief Xbox Officer at Microsoft and Jeff Barr, Chief Evangelist at Amazon Web Services. "e Ellie Mae Developer Summit enables collaboration between Ellie Mae and Fannie Mae as we bring API access to our shared customers," said Henry Cason, SVP and Head of Digital Products for Fannie Mae. "Earlier this year we introduced Fannie Mae's new Developer Portal to enable lenders and technology solution providers to easily plug into our data and technology solutions via APIs. And with developers innovating on the Encompass Lending Platform, we are speeding innovation, building a connected ecosystem and driving efficiencies for all participants." Ellie Mae said that the summit offers best practices, strategies, and techniques to help developers drive innovations across the Encompass Lending Platform that increase automation, operational efficiencies and productivity for lenders. is year's Experi- ence conference theme, "Driving Innovation Home," encourages attendees to take the digital mortgage journey while participating in exclusive training, sessions, and network- ing geared toward helping lenders: » originate more loans through a better consumer engagement model and greater service differentiation » lower costs of origination by removing friction from the mortgage process and introducing technology to gain efficiencies » close loans faster, whenever and wherever » connect to the community of Encompass customers, partners and developers and participate in innovation » make better decisions faster, using data and insights FLORIDA Where Is Mortgage Fraud Risk Rising? Florida continues to be a high-risk state for mortgage frauds according to the latest data from CoreLogic's quarterly analysis of mortgage fraud risks across the country. e CoreLogic National Mortgage Applica- tion Fraud Risk Index held steady for the fourth quarter of 2018 at 151 compared to the previous quarter. However, the index rose 10 percent compared to the same period in 2017. e report said that while purchase applications accounted for 72 percent of all transactions in the last three quarters, origi- nation volumes continued to decrease due to higher interest rates and seasonality in the fourth quarter. Among the core-based statistical areas (CBSAs) covered by the report, eight of the 10 highest-risk cities were in Florida. e re- port noted that Miami especially had shown a "notable increase of 29 percent" in mortgage fraud risk during the quarter. In fact, the city has topped the list for three consecutive quarters. e New York-Newark-Jersey City area and Los Angeles were the only other CBSAs among the 10 most at-risk cities from mortgage fraud. e report indicated that one of the fac- tors that was influencing the rising mortgage fraud risk was the increase in loan applica- tion activity in "areas with relatively high delinquency." It said that such areas could be "more prone to mortgage fraud schemes such as illegal flips, bailouts, and straw buyers." Looking at Miami specifically, the re- ported said that the city was showing a trend towards higher levels of purchase transactions "with layered risk factors such as LLC sellers, flips, unusual levels of property appreciation, and occupancy red flags." In fact, in some instances, the properties were being sold multiple times for cash between non-indi- viduals with significant price increases each time before being sold to an individual and financed, the report said. Cape Coral, Lakeland, Orlando, Tampa, North Port, and Jacksonville, were the other cities that were at a high-risk from mortgage fraud in the Sunshine State. NORTH CAROLINA Is the Housing Market Recession Ready? A slowdown in 2019 will create a healthier housing market going forward, says Ten- dayi Kapfidze, Chief Economist at North Carolina-based LendingTree. In an article titled "What We Expect in Housing and the Economy in 2019," he pointed out that while housing will slow down next year, it is not a cause for significant concern. Kapfidze is optimistic about the me- dium- and long-term prospects for housing "as the demographics are going to continue to support demand. With a slower price appreciation, incomes have a chance to catch up. With slower sales, inventory has an op- portunity to normalize," he said. LendingTree does not anticipate a reces- sion this year on account of a strong labor market that will form the basis for growth. However, political tensions will add to uncer- tainty and volatility that may result in a loss of confidence and suppressed business and consumer spending. Florida Minority Certified Business MIAMI-DADE & BROWARD COUNTIES 786-499-6994 www.REOPitStop.com Luis@ContinentalRealtors.com RESNET ID: 106089 | Equator ID: 272261 Luis F. Guzman Broker/Owner According to NerdWallet, the top mortgage lenders in Charlotte, North Carolina, are Quicken Loans, Fairway Independent Mortgage Corporation, and Bank of America. KNOW THIS

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