Housing Wire

DECEMBER 11, 2020

Through this General QM Final Rule, we are working to create an appropriate, more flexible General QM loan definition,” CFPB Director Kathy Kraninger said in a news release on Thursday. The GSE Patch, as it’s known, is set to expire on July 1 (or if Fannie and Freddie exit conservatorship, prior to that date).

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Mortgage Investors Marketing 399

Housing Wire

DECEMBER 27, 2022

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. Rick Sharga, executive vp of marketing at realtytrac.

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Insurance Home Value Mortgage Marketing 470

Housing Wire

NOVEMBER 18, 2022

In May, ICE announced that it entered into a definitive agreement to acquire Black Knight for $13.1 billion, which valued the company at $85 per share. Despite headwinds from a housing market in decline, FNF performed well in the third quarter, with adjusted net earnings of $295 million. billion, down from $2.9

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Insurance Investors Mortgage Technology 371

Housing Wire

JULY 30, 2021

If you’re a buyer, you want to make sure you’re purchasing a home that’ll increase in value. For that to happen, you need to make sure you choose a home that will appreciate – here’s how: 1. The definition of a “fixer-upper” varies. Bigger isn’t always better, especially in the housing market.

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Renovations Buyers Sellers Investing 487

Housing Wire

MARCH 18, 2024

While Danzey said the NAR’s decision to settle was not surprising, the quick turnaround for a July implementation date of the new rules definitely gave him a start — and he was not the only one. We’ve really been laying out the road map for value propositions and creating plans for value proposition presentations.

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Brokerage Real Estate Agents Sellers 386

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

You may have noticed that there are three approaches to value. The Cost Approach is where a value is developed by determining the value of the land, and the replacement or reproduction cost of the improvements, or proposed improvements, on the property. The third approach to value is the Income Approach.

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Development Appraisal Market Value Valuation 337

Housing Wire

APRIL 6, 2021

Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. The gap between appraisal and what buyers are willing to pay in one of the wildest real estate markets in modern history has created friction between agents, lenders and appraisers working under stressful conditions. Wow, since when?

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Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Housing Wire

OCTOBER 3, 2023

This is a dramatic and peculiar stance, given that same company a couple of years ago launched a $1 million annual advertising campaign touting a 1% listing fee, but only if the seller turned into a buyer for them. The need to evidence value suddenly becomes the only pathway to earning a commission. Imagine that.

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Agents Buyers Training Law 366

Housing Wire

DECEMBER 22, 2023

The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market. said many of the same headwinds the market faced in 2023 remain as we roll into 2024.

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Mortgage Marketing Housing Market Buyers 395

Cleveland Appraisal Blog

JUNE 18, 2022

Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding. While most states allow fair market value to be established using traditional appraisal approaches (e.g. Click below to sign up or learn more.

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Appraisal Law Development Valuation 309

Appraisal Buzz

MAY 31, 2021

When the couple received the final appraisal report of their home’s value, they were shocked! The couple could not believe that their home’s value was so low, and they instantly felt that the wife’s race played a role in the outcome. Only the wife was at home to greet the appraiser when they arrived to inspect her home.

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Valuation Appraisal Real Estate Insurance 370

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? The average rates offered in the 34 metros studied vary by less than 1 percentage point – from 2.22% in Boston to 2.93% in Austin and Columbus.

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Clients Agents Buyers Sellers 419

Housing Wire

AUGUST 4, 2022

In May, ICE said it entered into a definitive agreement to acquire Black Knight for $13.1 billion, which valued Black Knight at $85 per share. around 1 p.m. Black Knight is preparing to be acquired by Intercontinental Exchange Inc. ICE), assuming regulators don’t stand in their way.

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Clients Mortgage Contracts Business 325

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. percentage points in early December, when historically that spread has ranged between 1 to 2 percentage points.

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Mortgage Marketing Investors Lending 324

Housing Wire

APRIL 29, 2021

In fact, a recent report from S&P Global estimates that “non-QM issuance volumes will return to 2019 levels this year, reaching an estimated $25 billion” as agency refinance activity slows down and the purchase market remains strong. However, amid this growth are a number of changes affecting the non-QM market.

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Lending Investors Insurance Marketing 309

Housing Wire

MAY 9, 2023

The problem for independent mortgage banks (IMBs), particularly smaller to mid-size IMBs ($1 billion in originations or less) is that they have few good options for dealing with 2020 or 2021 vintage loans they end up repurchasing from the agencies. Those loans are going to be 20 points underwater, for the 3% to 3.5%

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Mortgage Appraisal Sellers Marketing 366

Appraisal Today

JULY 1, 2023

NOTE: Please scroll down to read the other topics in this long blog post on new online Fannie forms, highest and best use, real estate market, unusual homes, mortgage origination stats, etc. Famed Rotating Home in California On the Market for $5.3M These definitions, prima fasciae, are at odds with each other. It’ll change.“It

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Appraisal Contracts Market Value Mortgage 85

Housing Wire

JANUARY 19, 2023

As financial institutions weather this shift in the market, every loan opportunity becomes more critical than the last. For example, the Federal Housing Finance Agency (FHFA) announced the required use of its Supplemental Consumer Information Form (taking effect March 1, 2023) and clarity around the Equal Credit Opportunity Act (ECOA).

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Housing Wire

MARCH 15, 2024

Meanwhile, trade groups representing lenders believe that more details on the settlement are needed to understand its coming impact on the housing market. LOs on average get about 1%.) Thus, LOs will have to find ways to connect to listing agents or directly with buyers, who will need more guidance during the home-buying process.

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Buyers Agents Mortgage Real Estate Agent 501

DW Slater Company

NOVEMBER 17, 2021

Real Estate Markets. Our markets have been appreciating rapidly within the past twelve months, so if you are a homeowner and have owned your home for a while, you might be thankful for the equity in your home. Market slowing? In the last two months, we saw a few signs of cooling in the market, but that didn’t last long.

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Marketing Real Estate Inventory Appraisal 135

Cleveland Appraisal Blog

JULY 6, 2022

Interestingly, some appraisers don’t like using the term inspection when describing our walking thru a home to observe things like its condition, layout, and other aspects of the home that impact market value. Recession-Proof Your Business Part 2 – The Real Value Podcast with Blain Feyen. Click here to sign-up! .

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Inspection Appraisal Technology Clients 369

Housing Wire

JUNE 15, 2022

You need to know the age group of your audience, their habits, interests and income to understand how to market your business. How much budget do you have to invest in this expansion and marketing efforts? Market Your Business. Get answers to these questions before marketing your business. Is it one or multiple areas?

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Business Mortgage Clients Marketing 291

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. USPAP Standards Rule 1-2 (c) requires the appraiser to identify the type and definition of value.

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Appraisal Marketing Market Value Development 99

Housing Wire

MARCH 29, 2023

“Securitization of HELOCs had been a small part of the RMBS [residential mortgage-backed securities] market in the pre-financial crisis period, but issuance was still relatively commonplace until 2007,” states a fall 2022 DBSR Morningstar report focused on the securitization market for HELOCs. to 2 points.”

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Contracts Lending Investing Investors 328

Appraisal Buzz

SEPTEMBER 20, 2021

This article will pick up where the last one left off, so you will definitely want to read Part 1 of this series before continuing. Since market value is defined as the most probable price (with stipulations, of course), if your distribution is ‘normal’, then each of those measures will point to the same conclusion.

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Sellers Appraisal Inventory Buyers 195

Appraisal Buzz

MAY 31, 2022

This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate. When the appraisal review provides an estimate of value, including a concurrence of value, most states will require an appraisal credential.

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Real Estate Lending Valuation Appraisal 221

Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. It dishes out everything from email and SMS marketing to effective lead capture forms and an integrated CRM system. However, Market Leader may not be ideal for larger teams or those looking for more customization.

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Real Estate Real Estate Agent Tools Agents 344

Housing Wire

JULY 25, 2022

Our local market feature spotlights five different areas across the country for each HousingWire Magazine. Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. Rapid City, South Dakota. Rapid City, South Dakota. Coming in at Realtor.com’s No.

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Housing Market Marketing Real Estate Real Estate Agent 311

Empire Appraisal Group

MARCH 30, 2023

NEW YORK – The housing market has slowed way down, as expected, in response to rising interest rates. Its measure of national home prices dropped by 1% from the previous month, though values were still about 10% higher than a year earlier. Rising interest rates hit the housing market fast. I mean, what goes up comes down.”

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Housing Market Contracts Realtors Marketing 78

Birmingham Appraisal

SEPTEMBER 26, 2023

Real estate professionals use a mix of data analysis, market knowledge, and professional judgment to determine a property’s value or list price. The topic of outlier sales came to mind recently when I noticed a sale in my market that was listed between two and three million dollars. There is a difference.

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Real Estate Agent Real Estate Clients Agents 86

Housing Wire

JANUARY 31, 2023

It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market. How has business been in the Boston market? Andrew Marquis : Markets are very different from city to city and state to state.

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Inventory Marketing Business Buyers 314

Housing Wire

MAY 30, 2023

of the total market originations in the second half of 2022, up from 14.5% Ghamsari: Nothing I’m prepared to share today, but we are definitely looking very closely at the space. Ghamsari: I think that’s the area of the market that will benefit the most from AI. Blend’s mortgage banking software processed 23.2%

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Loan Officers Technology Investing Mortgage 321

Housing Wire

JANUARY 31, 2022

It’s been around for more than 128 years and is built on values that include accountability, collaboration, trust and a fundamental commitment to providing better experiences. Over the past 18 months, the company has invested $1 billion on more than twenty companies that span the full breadth of its business.

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Real Estate Technology Investing Valuation 372

Appraisal Today

NOVEMBER 25, 2022

I will be writing about this in an upcoming issue of the monthly Appraisal Today, with lots of marketing and expert witness tips. Creative Appraisal Definitions Humor e. Visualizing Market Activity Using Graphs & Trendlines. Available December 1. Many thanks to Appraisal Buzz for the image above. Humor for Appraisers.

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Appraisal Market Value Contracts Finance 52

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. Instagram is a great option, with an estimated 1 billion monthly users. What should your content look like?

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Loan Officers Business Mortgage Clients 274

Appraisal Today

MARCH 15, 2024

Defining rural properties – USDA and GSEs Challenges of appraising rural properties Appraising rural properties presents unique challenges due to their diverse characteristics and market dynamics. We’ve found five glorious examples of glass houses on the market right now. What if there are few rural areas near you?

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Appraisal Inspection Modernization Business 69

Housing Wire

SEPTEMBER 16, 2020

In an interview this week with HousingWire, the 40-year-old Ishbia dished on how the third quarter is shaping up , capacity limits in the mortgage industry, the likely impact of the upcoming adverse market fee , and the company’s latest low-rate mortgage product, a 30-year fixed cash-out refi at rates as low as 2.5%.

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Mortgage Marketing Technology Loan Officers 462