Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

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Housing Market Marketing Contracts Finance 389

Housing Wire

MARCH 2, 2023

He joined Ginnie in March 2022 following a stint as supervising attorney advisor for the Federal Housing Finance Agency (FHFA). In fiscal year 2022, which ended Sept. The government corporation is also seeking an executive vice president and chief operating officer to manage daily operations and round out the leadership team.

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Housing Wire

FEBRUARY 24, 2022

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. Looking ahead, we expect refinance to decline through 2022, as interest rates rise in the outlook for inflation and the expectation for federal reserve to tighten policy throughout the year,” Nolan said.

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Insurance Investors Technology Development 358

Housing Wire

JANUARY 25, 2023

The program includes provisions for “improved” pricing for nontraditional credit loans, a title insurance credit applicable to certain properties and will remove the requirement for area median incomes, according to a statement from Guaranteed Rate. The platform provides a secure way to upload sensitive documents and automates underwriting.

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Buyers Contracts Insurance Mortgage 375

Housing Wire

FEBRUARY 23, 2024

Alleged promises by Ginnie Mae That contention, however, does “nothing to undermine TCB’s claim that Ginnie Mae lacked statutory authority to extinguish TCB’s interest in its collateral, which was not only separate from the servicing rights but also subject to no contract between TCB and Ginnie Mae,” the filing reads.

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Housing Wire

MAY 13, 2024

Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Agency (FHFA) to express concerns about the FHFA’s intent to publish the VantageScore 4.0 historical dataset. These recommendations for additional data are critical to the successful implementation of the VantageScore 4.0 that use trended credit bureau data.

Legal 357

Legal Mortgage Contracts Insurance 357

Housing Wire

FEBRUARY 11, 2022

Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. It reported the 30-year rate for FHA-insured mortgages was even higher, at 4.122%. Economists had predicted rates would rise as the overall economy stabilized.

Mortgage 383

Mortgage Contracts Loan Officers Insurance 383

Housing Wire

APRIL 7, 2022

But can Ghamsari play a winning hand when his software business is inextricably tied to the success of the mortgage industry, which is expected to contract by 35% or more in 2022? The company expects the figure to decline 31% to between $230 million and $250 million in 2022 from $363 million last year. Right again.

Mortgage 369

Mortgage Technology Clients Insurance 369

Housing Wire

MARCH 8, 2023

A November 2022 Supervisory Highlights report described how “illegal fees [are] being charged in the mortgage servicing market,” which led to an enforcement action against a mortgage lender for what the CFPB called “improper” forbearance practices. “For years, junk fees have been creeping across the economy,” said CFPB Director Rohit Chopra.

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Mortgage Inspection Law Contracts 312

Housing Wire

NOVEMBER 18, 2022

31, 2022, the Federal Housing Finance Agency (FHFA) announced that it would conduct a comprehensive review of the Federal Home Loan Bank (FHLB) system. savings and loan associations, savings banks, and cooperative banks) and insurance companies. When the FHLB Act was adopted in 1932, membership was limited to mortgage lenders (e.g.,

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Legal Law Insurance Finance 300

Housing Wire

MARCH 22, 2024

Data from Altos Research shows that the 90-day average median number of days on market in the Naples-Marco Island metro area was 70 days as of mid-March, up from a record low of 21 days in mid-May 2022. According to an analysis by S&P Global , between 2018 and 2023, homeowners insurance rates in Florida have jumped by 43.2%.

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Insurance Inventory Marketing Real Estate 379

Appraisal Today

MAY 31, 2024

NOTE: Please scroll down to read the other topics in this long blog post on HUD bias Complaints, E&O insurance, home fire insurance, unusual homes, mortgage origination stats, etc = Can Fresh Staging and a Big Price Drop Help Sell This Grand Mansion in Lake Forest, Illinois? Excerpts: 7 bedrooms, 8.5+ baths, 15,000 sq.ft.,

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Appraisal Insurance Contracts Architecture 67

Housing Wire

APRIL 17, 2023

But, in 2022, as prices in the metro rose to never-before-seen levels, things started to change. We are still seeing properties going under contract quickly, so long as they are priced properly,” he said. Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country.

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Housing Market Marketing Inventory Buyers 359

Housing Wire

MARCH 15, 2023

” The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) was 6.71% last week, down from the previous week’s 6.79%. Client funds are held in insured deposit accounts at a mix of money centers and regional banks, the company said.

Mortgage 359

Mortgage Clients Retail Marketing 359

Appraisal Today

OCTOBER 7, 2022

NAR Appraisal Survey 2022. Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. If this article helped you understand more about disability insurance, it is worth the subscription price! September 28, 2022.

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Appraisal Contracts Architecture Housing Market 52

Housing Wire

OCTOBER 25, 2022

million in 2022 to 4.7 ” With falling production, mortgage companies are slashing expenses, primarily through layoffs and vendor contracts. And, despite the effort to cut costs, production profitability in 2022 will be negative for the first time since 2018. . “Mortgage insurers are forecasting between $1.3

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Mortgage Contracts Insurance Business 310

Housing Wire

MARCH 29, 2023

After all, title insurance is only issued after the public records are thoroughly scrutinized. That means actions like slowing planned investments in technology, layoffs and the elimination of third-party provider or service contracts that aren’t deemed mission critical.

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Training Business Technology Insurance 306

Housing Wire

FEBRUARY 3, 2022

Executives of publicly traded nonbank mortgage lenders will instead have to sooth the fears of their investors in 2022, a consequence of the cyclical inevitability of higher rates , lower refinance volumes, and fiercer-than-ever competition, according to analysts who cover the sector. trillion in 2022, according to the trade group.

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Mortgage Retail Finance Investors 370

Housing Wire

JULY 12, 2022

Fannie Mae also plans to use hybrid appraisals more often in 2022, as part of its equity plan , which is intended to “reduce costs to the borrower and reduce potential risk of bias by creating greater separation between the appraiser and borrower.”. The State of Appraisals in 2022. The seller accepts it; they go into contract.

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Appraisal Inspection Real Estate Agent Training 406

Housing Wire

JUNE 15, 2022

Lenders expected that 2022 will be one of the most challenging years on record due to higher rates, lower refi volumes and the need to shed capacity. The lender expects to turn a profit this year by reducing costs upwards of 30% through a renegotiation of worker contracts, but not through layoffs. trillion in 2022 and $2.3

Mortgage 381

Mortgage Investors Clients Marketing 381

Housing Wire

DECEMBER 20, 2021

.” According to consumer protection lawyers, advocates, and housing counselors, the expectation is that some state programs will be up and running sometime in the first quarter of 2022. The recent experience with state distribution of rental assistance and unemployment insurance is perhaps a preview of the challenges ahead.

Mortgage 333

Mortgage Government Contracts Insurance 333

Appraisal Today

JULY 14, 2023

Most, including Bill Gates’ mansion is across Lake Washington from Seattle. == Three Dangerous Insurance Mistakes Appraisers Should Avoid by Isaac Peck, Senior Broker at www.OREP.org 1. Appraiser E&O insurance is written on a “Claims Made” basis. I still hear from appraisers who let their insurance lapse.

Tools 79

Tools Appraisal Insurance Contracts 79

Appraisal Today

MAY 10, 2024

There are few bank-owned (REO) sales right now, but when they happen, they’ve been a combination of older loans and some newer ones (but not really people who bought in 2022 at peak prices). To read the Fannie document, Click Here My comments: What will happen to owners and buyers who cannot get insurance or whose costs will go way up?

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Reconsideration of Value Appraisal Real Estate Insurance 76

Lamacchia Realty

SEPTEMBER 16, 2022

In this new role, Kim will now take on more business responsibilities within Lamacchia Companies, including business insurances, bonds, and licenses. Kim will continue to oversee all employee onboarding, job postings, training, job offers, employee contracts, as well as employee records and HR systems management. “I September 15, 2022.

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Human Resources Realty Training Realtors 72

Housing Wire

OCTOBER 13, 2022

So far in 2022, he added, “there are over 25 already, and the pace is picking up.”. Emblematic of the excesses that took place, in 1987 the FSLIC [the now-defunct Federal Savings and Loan Insurance Corp.] as of early October 2022, according to Freddie Mac’s market survey. The primary deals are large IMB’s buying smaller IMBs.”.

Mortgage 361

Mortgage Marketing Buyers Sellers 361

Appraisal Today

JULY 1, 2022

> New in the July 2022 Issue of Appraisal Today. E&O Insurance Update 2022 – Claims, State Boards, Discrimination, etc. 2022 E&O Insurance – Where to Get Insurance, What to look for in a policy, etc. 2022 E&O Insurance Brokers. June 28, 2022. June 21, 2022.

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Appraisal Contracts Insurance Real Estate 52

Appraisal Today

MARCH 22, 2024

It’s been on and off the market since 2022, with a top asking price of $33.8 It can impact home values, insurance costs, and the overall stability of a housing market.” “The The issues are whether you can get access to affordable insurance and how much the costs will increase,” says Xu. Excerpts: 10 bedrooms, 14.5+

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Appraisal Contracts Business Insurance 68

Housing Wire

APRIL 29, 2024

In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023. Unsold inventory now is almost 32% higher than at this time last year — and it’s 90% higher compared to the end of April 2022. But maybe both of these interpretations prove true. orate further? That’s up 2.4%

Sellers 475

Sellers Marketing Inventory Contracts 475

Listing Spark

OCTOBER 13, 2022

How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? 00:02:50] Peaking into the Fall 2022 Austin housing market. Episode highlights. Key takeaways. [00:02:50]

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Housing Wire

MARCH 23, 2023

billion in total assets) — which as of yearend 2022 ranked respectively as the seventh and 14 th largest warehouse lenders nationally based on market share, according to industry publication Inside Mortgage Finance. billion in unrealized losses , as of yearend 2022, linked to past bank investments —largely longer-term U.S.

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Lending Investing Insurance Mortgage 407

Appraisal Today

NOVEMBER 24, 2023

Click here E&O Insurance Tips Many appraisers are very slow now. Unfortunately, very few appraisers who are leaving the business get “tail coverage” They just let their insurance lapse. This means that they are self-insuring for all possible claims for appraisals done before they discontinued paying for insurance.

Appraisal 77

Appraisal Mortgage Business Contracts 77

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

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Marketing Mortgage Investors Sellers 378

Housing Wire

MAY 6, 2024

There are now 83% more homes on the market than in May 2022. These are new listings that are already under contract, so they’re not counted in the active inventory. In 2022, however, there were 105,000 single-family homes listed for sale in the first week of May. There were 78,000 new contracts pending for single-family homes.

Inventory 409

Inventory Contracts Sellers New Listings 409

Appraisal Today

NOVEMBER 3, 2023

However, Working RE’s “off-the-record” conversations with HUD officials, plus our own experience at OREP Insurance serving over 10,000 appraisers with E&O insurance every year, has given us an inside look into what has otherwise been an obfuscated prosecutorial process for appraisers. percent from 7.90 percent from 7.78

Appraisal 79

Appraisal Contracts Architecture Mortgage 79

Lamacchia Realty

SEPTEMBER 7, 2022

If you’re moving long-distance, make sure to use a reputable, insured moving company. Make sure to look at the various insurance options from the moving companies and look over any written contracts before signing. Hire the Right Moving Service. Additional Resources. Buyer Resources. April 8, 2021. Read More ».

Realty 57

Realty Real Estate Agent Insurance Realtors 57

Hank Miller Team

JULY 12, 2023

The first half of the Atlanta 2023 housing market shared many similarities with the first half of the 2022 real estate market. Atlanta Home Prices Q2 2023 The MSM was ebullient, just delighted when the housing market hit the brakes in the last half of 2022. Fewer buyers, fewer contract and sales. Not Greater Atlanta.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Appraisal Today

SEPTEMBER 22, 2023

Ohio, for instance, was the seventh most populous state in 2022, and also had the seventh largest number of state tips that year at 46. Texas received our highest number of tips (86) in 2022, consistent with its rank as the second most populous state, impacting about 1.5% The average contract interest rate for 5/1 ARMs decreased to 6.42

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Appraisal Training Inspection Real Estate 89