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to 1st Realty Trust, your premier resource for residential REO and investment properties in the greater Wichita area. I hope you enjoy your visit and explore everything our website has to offer, including Wichita real estate listings, information for home buyers and sellers, and more About Us, your REO specialists.

Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database list of all available properties in the area. Investors and homeowners alike should also be sure to view all our foreclosure listings. Don't hesitate to contact us with any questions you may have.

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1239 N Andover Rd
Andover, KS 67002
Phone: (316) 262-7600
info@1strealtytrust.com

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Industry News

Lenders work to overcome Detroit's appraisal gap roadblock

After the financial crisis, the Detroit housing market started a long uphill climb to get back to a healthy, sustainable market; an achievement the city is still currently trying to reach. However, lenders in the city are working to originate mortgages that work around some of the toughest roadblocks in Detroit and provide a path to homeownership. Here’s how they’re doing it.

Here’s how new immigration trends impact the housing market

There’s one less-noticed factor that is impacting the current shortage of cheap service labor and affordable housing: the education level of immigrants is rising. It’s important to note that there’s nothing wrong with this, but people should be prepared for this shift.

IBM to buy Promontory Financial Group; plans to bring AI to regulatory compliance

Regulatory compliance is about to take a leap into the 21st century, and beyond, as IBM announced that it plans to acquire Promontory Financial Group. The purpose of the acquisition? To combine the financial regulatory experience that resides within Promontory with Watson, IBM’s artificial intelligence computer system to build a comprehensive service, to help financial institutions comply with their regulatory requirements.

BB&T to pay $83 million for FHA lending violations

BB&T will pay $83 million to settle allegations brought by the Department of Justice, which accused the lender of violating the False Claims Act by falsely certifying that it complied with “critical underwriting and quality control requirements” on mortgages insured by the Federal Housing Administration. BB&T becomes the latest in a long string of lenders targeted by the DOJ for False Claims Act violations.
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