Housing Wire

DECEMBER 21, 2021

According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry. With newer folks, there definitely is more uncertainty because if there is a squeeze, am I good enough to survive? Presented by: Black Knight. In 2020, hiring in the mortgage industry surged.

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Loan Officers Retail Business Mortgage 437

Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. Well into January, we are already seeing properties go under contract in the first weekend with multiple offers. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Real Estate Agent 409

Real Estate Agent Real Estate Buyers Agents 409

Housing Wire

MARCH 10, 2023

ATTOM , a real estate data provider, reports, however, that the “severe contraction across the lending industry in the fourth quarter of 2022 even hit HELOCs” in terms of origination volume. Our contract is little different in that we share part of the entire home value at the end of the contract.

Housing Market 353

Housing Market Marketing Contracts Lending 353

Housing Wire

NOVEMBER 1, 2023

There’s no question about it, the ‘haves’ definitely have a growth hat on and are buying data to recruit, and they are definitely extremely active.” We’ll definitely see between now and April more [M&A] transactions occur in the [IMB] space. So, the deals aren’t as attractive to sellers. …We’ll

Mortgage 435

Mortgage Loan Officers Finance Buyers 435

Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. In other words, why are appraiser estimating market value below the contract price so often? Let me summarize the theory of a normal distribution.

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

MARCH 29, 2023

A HousingWire analysis of bond-rating report data and information provided by industry experts shows that between 2019 and March 28 of this year, there were at least 17 private-label securitization deals involving HELOCs and/or closed-end second-lien (CES) home-equity loans and separately shared-equity contracts.

Contracts 335

Contracts Lending Investing Investors 335

Housing Wire

DECEMBER 29, 2023

First of all, let’s unpack this precious time between Christmas and New Year’s when real estate pros are left wondering, what the heck do I do with myself and all of this unclaimed time?!

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Brokerage Real Estate Contracts Business 342

Housing Wire

NOVEMBER 2, 2023

While its expensive setup fee and contract terms may not be ideal for all agents, Zurple’s emphasis on lead quality, lead prioritization and automated nurturing campaigns make it suitable for real estate professionals aiming to streamline the efficacy of their email marketing efforts. Zurple is that assistant you’ve been looking for.

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Real Estate Real Estate Agent Tools Agents 351

Housing Wire

AUGUST 4, 2022

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

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Clients Mortgage Contracts Business 332

Appraisal Buzz

JUNE 6, 2022

But the other problem is that it undercuts the contract you’re entering when you agree to perform the appraisal. That contract or agreement you make when you accept a job is critical. Aside from the technicality of new assignment definitions, there’s a practical reason to be vigilant about this. Assignment conditions.

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Clients Appraisal Appraisal Process Inspection 221

Housing Wire

MARCH 5, 2024

Interest rates going up definitely cooled the market, but overall, that is not the problem.” By doing so, you are adding value to their marketing efforts and getting them a contract even if you don’t write a loan on that home,” Clark said. Our philosophy is, ‘Go help agents that are sending you buyers.’

Loan Officers 382

Loan Officers Mortgage Buyers Inventory 382

Housing Wire

MAY 27, 2022

Jeremy Potter: Here are the trends that I am closely following: iBuyer and Rent-to-own platforms for first-time homebuyers Blockchain and tokenization technology for smart contracts and fractionalized ownership Dad jokes on Instagram reels. I don’t mean affordable housing in the HUD definition, though I know that’s needed too.

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Modernization Legal Contracts Mortgage 332

Appraisal Today

JULY 1, 2023

Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. For purposes of this monograph, please assume the standard Fannie Mae definition (here by reference). It began with a summary of the definitions of highest and best use versus the definition of market value. percent from 6.73

Appraisal 85

Appraisal Contracts Market Value Mortgage 85

Housing Wire

SEPTEMBER 30, 2020

“But if the pandemic surges up again, I think we’re just going to get busier and busier here, because we are definitely located in the correct position, outside of New York City, where parents can still commute to work and children can have space needed for homeschooling and things like that,” Kanacki said.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Cleveland Appraisal Blog

MAY 13, 2021

And right now, many buyers are forced to bring cash to the table to make up the difference between what the home’s market value is determined to be, and the contract price. In the process of selling their home, the builder told them that they had to revise their contract to reflect the increase in building materials.

Market Value 298

Market Value Contracts Appraisal Buyers 298

The Robert Weiler Company

SEPTEMBER 19, 2022

Answering this question requires step-by-step unpackaging, starting with definitional awareness, and continuing with tax advantages, regulations, and conservation easement appraisal value. A simple conservation easement definition is a legal contract to protect private land, permanently. What Is a Conservation Easement in Ohio?

Easement 148

Easement Legal Government Contracts 148

McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now. Blog post: 9 Ways to Handle Appraisal Pressure.

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Appraisal Contracts Market Value Clients 103

Housing Wire

DECEMBER 13, 2022

Pathfinder is a searchable knowledge base that connects an LO with definitive answers, mortgage guidance and process info that can be accessed anytime, from anywhere and on any device. Rather than relying on restrictive contracts, Rocket Pro TPO will continue proving ourselves and competing for business every day and on every loan.

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Clients Technology Real Estate Agent Business 368

Housing Wire

MAY 23, 2023

In other words, independent mortgage banks (IMBs) acting as buyers in M&A deals are being asked to assume the future R&W liabilities for past loans sold to Fannie Mae by the seller should the seller, at some point, be unable to honor the terms of the contracts.

Buyers 342

Buyers Sellers Finance Contracts 342

Appraisal Buzz

SEPTEMBER 19, 2022

SPS) has announced that it has entered into a definitive asset purchase agreement with Rushmore Loan Management Services LLC (Rushmore) to acquire certain Rushmore assets, including hiring Rushmore servicing personnel and assuming Rushmore servicing contracts. Select Portfolio Servicing, Inc.

Contracts 39

Contracts Appraisal 39

McKissock

DECEMBER 14, 2021

The standard residential appraisal report form’s definition of Market Value states in part: “ Implicit in this definition is the consummation of a sale as of a specified date and passing of title from seller to buyer under conditions whereby: buyer and seller are typically motivated…”.

Market Value 80

Market Value Marketing Property Appraisal Appraisal 80

Housing Wire

MARCH 15, 2024

According to VanFossen, that’s a “definite potential outcome that a lot of mortgage lenders are looking at, legally and in a compliant manner,” including Absolute Home Mortgage, which is doing tests with this dual-licensing structure.

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Buyers Agents Mortgage Real Estate Agent 501

Empire Appraisal Group

MARCH 30, 2023

In case there was any lingering doubt, the new data shows the housing market has definitely turned, according to Mark Zandi, chief economist at Moody’s Analytics. “It It’s mostly reflecting signed contracts in May through August, which is when the 30-year fixed-rate mortgage was in the low- to mid-5% range.”

Housing Market 78

Housing Market Contracts Realtors Marketing 78

Housing Wire

OCTOBER 23, 2020

Contracts during this time also skyrocketed 62%. Depersia said that there are definitely bidding wars in his housing market, especially with more people coming out from the city and trying to live in the Hamptons full time. And, since early July to now, it’s just getting very busy.”.

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Housing Market Marketing Real Estate Agent Real Estate 535

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period.

Marketing 353

Marketing Investing Mortgage Investors 353

Housing Wire

OCTOBER 3, 2023

This means the lazy real estate agents who provide very little value to their client can no longer just show up and know they will automatically get paid a percentage of the sales price just for writing a contract. Imagine that. The need to evidence value suddenly becomes the only pathway to earning a commission.

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Agents Buyers Training Law 372

Appraisal Today

NOVEMBER 25, 2022

Creative Appraisal Definitions Humor e. NOTE: Please scroll down to read the other topics in this long blog post on Graphs and Trendlines, Market Value definition, appraisal forms, unusual homes, mortgage origination stats, etc. ==. Is the Definition of Market Value Outdated? Many thanks to Appraisal Buzz for the image above.

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Appraisal Market Value Contracts Finance 52

Housing Wire

APRIL 26, 2022

Essentially, through the so-called Bacon Protocol — a set of smart contracts and programming that exists on the Ethereum blockchain platform — investors can purchase stable coins, which are a form of “stable” cryptocurrency pegged to the value of the U.S. That’s what we built our system to do [for crypto and traditional mortgages].”.

Mortgage 439

Mortgage Technology Investing Investors 439

Housing Wire

APRIL 6, 2021

It was definitely a rush job! For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. “I disputed the appraisal with three more comps along with receipts of all the upgrades over $25,000 and he still refused to adjust the value,” she said. Wow, since when?

Appraisal 539

Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Housing Wire

DECEMBER 13, 2023

Bank contraction In addition to the reduced role of the Fed in the MBS market, the banking industry and other investors also have pulled back from MBS purchases in the wake of financial pressures sparked by rising rates — as well as plans by regulators to tighten bank capital-reserve rules.

Mortgage 331

Mortgage Marketing Investors Lending 331

Hank Miller Team

APRIL 6, 2022

The median time a home is on the market before contracting is 6 days. The trend continues down and through the first quarter of 2022, days on market is running the lowest it’s been at just over 5 days from list to contract. The buyers getting under contract are locked and loaded and move quickly once something is found.

Inventory 94

Inventory Contracts Buyers Sellers 94

Appraisal Today

JANUARY 19, 2024

Note this definition does not condemn someone for the mere act of anchoring but states that condemnation is oriented to someone who relies too heavily on a specific piece of information. An example of this in real estate appraisal is the purchase and sale contract. There is demand, and marketing can definitely help.

Appraisal 72

Appraisal Contracts Real Estate Architecture 72

McKissock

JULY 29, 2020

The GSEs have also aligned on guidance regarding the use of these test forms, including formal definitions for “Hybrid” and “Desktop” assignments. These two terms are often used interchangeably by appraisers and clients, but under the GSEs’ new definitions, they are different types of assignments.

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Modernization Appraisal Clients Property Appraisal 60

McKissock

FEBRUARY 16, 2022

If you’re already finding yourself busy with life, you definitely need a real estate agent to sell your home. . They definitely aren’t going to make a deal without your approval but since they’re removed from the emotional side of things they can give you better guidance and advice. Real Estate Agents Understand Contracts.

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Real Estate Agent Real Estate Agents Buyers 105

Town & Country Residential Appraisals

AUGUST 8, 2022

USPAP defines the client as “the party or parties who engage, by employment or contract, an appraiser in a specific assignment”. Nowhere in the definition of client does it refer to who paid for the appraisal.

Appraisal 51

Appraisal Clients Contracts Law 51

Cleveland Appraisal Blog

JUNE 18, 2022

During much of this time, Leslie served as the Colorado member of OCA and wrote the definitive textbook on Eminent Domain Law in Colorado. USPAP and the Contract – Tim Andersen, The Appraiser’s Advocate Podcast. Recession-Proof Your Money Part 2 – It’s a Good Life Podcast with Brian Buffini. Too many appraisers?

Appraisal 309

Appraisal Law Development Valuation 309

Lamacchia Realty

JULY 6, 2022

People will often see “broom clean condition” on real estate contracts and rental leases but are unsure about what it means. It is definitely expected that you take everything with you though. WHAT DOES “BROOM CLEAN” MEAN? This term comes with different expectations based on whether you rent or own your home. ask them first.

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Landlords Tenants Decorating Contracts 60