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The secondary market comes to the rescue…again

Housing Wire

The secondary market, often an afterthought for most participants in the mortgage process, took center stage in 2020. But to understand the stability that the secondary market brought during a world-wide pandemic, you first have to look back at 2008. Think of it as the underdog quickly becoming the hero of the story.

Marketing 424
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Cracking the code on marketing to the Realtor channel

Housing Wire

As lenders adapt to a purchase-centered market , HousingWire spoke to Brian Boero, CEO of 1000watt , about opportunities to grow lenders’ effectiveness in the Realtor and broker market. That’s nearly 200,000 above the previous peak in 2006. Much of the marketing we see from lenders doesn’t seem to get this fully.

Realtors 329
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Grab Bars Remain the Most Common Aging-in-Place Remodel

Eyes on Housing

The NAHB’s Remodeling Market Index (RMI) survey has asked questions about Aging-in-Place (AIP) periodically, beginning in 2004. According to results from the Q1 2023 survey, 63 percent of professional remodelers undertake projects designed to allow homeowners to Age-in-Place, down from 77 percent in Q4 2018.

Design 135
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UBS agrees to pay $1.4B to settle RMBS fraud case

Housing Wire

According to the DOJ, the United States filed a complaint alleging that UBS “defrauded investors” by making false and misleading statements to buyers of 40 RMBS issued in 2006 and 2007 relating to the characteristics of the loans. In addition, UBS knew that property values associated with the loans were unsupported, the DOJ claimed.

Investors 311
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Regulatory costs add nearly $94K to new home prices

Housing Wire

The jumbo market for brokers is back in a huge way. of the developers reported being subject to design standards under regulation that “went beyond” what they would ordinarily do and added to their costs. and Canada in 2006 signed a trade pact , the Lumber Softwood Agreement, that expired in 2015 without a replacement.

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Sixth recession red flag raised, despite strong jobs report

Housing Wire

A tighter labor market is a good thing; this means people with less educational backgrounds can get employed since we have many jobs that don’t require a college education. This is more of a market-driven bond yield red flag. Once mortgage rates rise, the new home sales sector does get hit harder than the existing home sales market.

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StreetEasy launches New York City home valuation tool

Housing Wire

Homeowners can now get a StreetEasy estimate of their homes’ current market value based on features that are unique to New York City, the company said. Homeowners start by claiming their home, then requesting an AI-powered estimate of their home’s current market value, an estimated price per square foot and monthly rent.

Valuation 352