Housing Wire

JANUARY 9, 2024

Department of Housing and Urban Development (HUD) on Tuesday announced that it is making $40.25 Such funding will also directly support the work of housing counseling offering required Home Equity Conversion Mortgage (HECM) sessions. Specific to seniors, the demand for reverse mortgage counseling remains high,” she said. “The

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Design Mortgage Home Improvement Training 358

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. The perplexing part: Why are home prices not declining in this environment? That compares to a record $4.4

Inventory 452

Inventory Renovations Real Estate Government 452

Appraisal Buzz

APRIL 29, 2024

Developing multiple streams of income personally, as well from within your business, should always be a priority. Of course, the primary source of business for most residential appraisers has traditionally been the lending industry: refinances, HELOCs, and mortgages for the purchase of a home.

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Clients Business Appraisal Lending 195

Housing Wire

APRIL 1, 2022

When you look at how fixed-income developed, mortgage-backed securities were brand new at the time and I was right at the forefront of that work. CMOs or collateralized mortgage obligations were developed. Then, that led to REMICs — real estate mortgage investment conduits — and the market really took off from there.

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Finance Development Business Tools 343

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. rebranded as Rithm Capital ).

Housing Market 360

Housing Market Marketing Contracts Lending 360

Housing Wire

MARCH 22, 2023

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. We’ve seen savings of up to 30% in difficult markets like Texas and Florida.

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Insurance Property Taxes Buyers Clients 366

Cleveland Appraisal Blog

OCTOBER 29, 2021

Therefore, for each sale, we must develop a reliable opinion of the value of its land. Once we deduct the land value from the sales price, what remains is the depreciated cost of the home. Say a comparable home just sold for $500,000. If that is the case, the home’s improvements have depreciated approx.

Appraisal 365

Appraisal Development Finance Lending 365

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 360

Mortgage Real Estate Inventory Construction 360

Realtor

AUGUST 1, 2018

We found an FHA-approved lender, and in no time, we were on our way to buying our first home with a government-backed loan. But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan.

Inspection 136

Inspection Insurance Buyers Renovations 136

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. They are also used to assess the value of the home for home improvement loans and insurance evaluations. What is a Home Appraisal and Why is it Important?

Appraisal 105

Appraisal Inspection Property Taxes Easement 105

Realtor

AUGUST 1, 2018

We found an FHA-approved lender, and in no time, we were on our way to buying our first home with a government-backed loan. But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan.

Inspection 78

Inspection Insurance Buyers Renovations 78

Housing Wire

APRIL 21, 2022

The programs will be announced in the third quarter of this year, Perry said during a fair housing webinar hosted by the National Housing Conference , a mortgage trade association. Lenders have pointed out that special purpose credit programs have been used as punishment for wrongdoings.

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Lending Legal Law Development 404

Clear Capital

MARCH 17, 2022

And for those in the mortgage industry, time is constrained and comes at a cost. In order to asses the risk of the collateral, lenders require high-quality appraisal photos of every room in the home. For example, real estate appraisal photos must be clear, correctly labeled, and show any home improvements or blemishes.

Real Estate 69

Real Estate Appraisal Technology Development 69

Housing Wire

JUNE 22, 2023

Wholesale mortgage lender The Loan Store (TLS) announced on Thursday the roll-out of its new home equity line of credit (HELOC) product, which is currently available in 25 states and Washington, D.C. These funds can be utilized to consolidate debts or finance home improvement projects. The Loan Store, Inc.

Finance 336

Finance Home Improvement Lending Valuation 336

Appraisal Today

OCTOBER 20, 2023

NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more! Some use postal mailings or office visits, such as you did in the mortgage broker days.

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Appraisal Design Contracts Inspection 72

Housing Wire

JUNE 1, 2022

Open Mortgage. Planet Home Lending. VP, Mortgage Verification Services. Senior Director, Mortgage Servicing Policy. Mortgage Insurers. United Wholesale Mortgage. Draper and Kramer Mortgage Corp. Enact Mortgage Insurance. Fairway Independent Mortgage. Nationwide Mortgage Bankers.

Architecture 349

Architecture Realty Insurance Lending 349

Lamacchia Realty

MAY 6, 2021

City and town offices were ordered to shut down at the beginning of the pandemic causing delays for attorneys who need municipal certificates, mortgage companies were extremely backed up due to the low rates which caused a litany of refinancing applications, and extremely low inventory and high buyer demand flipped the market upside down.

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Renovations Buyers Home Improvement Realty 55

Housing Wire

FEBRUARY 9, 2023

We’re coming off of back-to-back years where mortgage rates were in the 2s and 3s, and they’re now in the 6s. Dave Savage , chief innovation officer for Mortgage Coach and Sales Boomerang , described today’s market as a new era in the mortgage business — the advice era. Start your day with some wins,” he said.

Loan Officers 366

Loan Officers Real Estate Agent Real Estate Clients 366

PennyMac

OCTOBER 10, 2023

Appraisals are an essential part of the home financing process, ensuring the homebuyer, seller and mortgage lender each have an impartial, consistent and accurate assessment of the value of the property under consideration. The lender is responsible for ensuring that your home provides adequate collateral for the mortgage.

Appraisal 69

Appraisal Real Estate Agent Renovations Home Value 69

Movoto

APRIL 16, 2022

A properly managed HOA will develop a budget based on the current needs of the community, the forecasted future needs of the community, and potential emergencies. Members of the HOA vote on board members to maintain the community, enforce rules, and settle disputes. How can buying a house lower your taxes?

HOA 36

HOA Property Taxes Business Home Improvement 36

AmeriMac

MARCH 29, 2024

Reverse mortgages are becoming an increasingly popular financial tool for homeowners over the age of 62 who want to access equity in their homes. One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan.

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Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. The past year hasn’t been particularly good for tech or housing. The company was No.

Real Estate 358

Real Estate Real Estate Agent Technology Investors 358

Will Springer Realtor

SEPTEMBER 19, 2023

The Flood Factor rating system, developed by the nonprofit First Street Foundation, works on a 1-10 scale: 1 — minimal risk 2 — minor risk 3 to 4 — moderate risk 5 to 6 — major risk 7 to 8 — severe risk 9+ — extreme risk The consumer-friendly Flood Factor site , recently renamed to Risk Factor, lets you search by property address.

Insurance 46

Insurance Inspection Real Estate Buyers 46

Chicagoland Appraisal Blog

JANUARY 21, 2020

Building home equity is one of the many financial benefits to homeownership, but sometimes it’s hard to know where to start. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity.

Real Estate 78

Real Estate Appraisal Home Value Real Estate Agent 78

Appraisal Partners Blog

FEBRUARY 4, 2020

Building home equity is one of the many financial benefits to homeownership, but sometimes it’s hard to know where to start. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity. Originally Published on Redfin.

Real Estate 60

Real Estate Appraisal Home Value Real Estate Agent 60

Assurance Financial

JULY 27, 2021

Mortgage Loan for You. Many homebuyers make a list of the things they’d like in their new home — including the number of bedrooms, the types of amenities and the size of the yard, to name a few. You have lots of options when choosing a mortgage. What Is a Mortgage? What Mortgage Do I Need?

Mortgage 69

Mortgage Government Construction Insurance 69

Assurance Financial

AUGUST 9, 2021

If you prefer rural living over city life, a program from the United States Department of Agriculture (USDA) can help you buy a home. Every year, the USDA uses its Rural Development program to invest about $20 billion in helping families across the United States buy and improve their homes. What Is a USDA Loan?

Home Improvement 74

Home Improvement Insurance Development Finance 74

Assurance Financial

MARCH 18, 2021

Refinancing could potentially lower your monthly payments , allow you to consolidate debt, speed up the payoff process for your mortgage, eliminate your private mortgage insurance (PMI) and put more cash in your pocket. If you have equity in your home, you may be able to leverage it through a refinance.

Property Taxes 85

Property Taxes Renovations Home Improvement Mortgage 85

Will Springer Realtor

OCTOBER 3, 2023

The combination of extremely high home prices and regulatory reform have turned this corner of the country into an ADU laboratory of sorts, with plenty of “formulas” being developed today to “grow” more desperately needed homes. Mortgage lenders are adding ADUs to their financing options.

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Law Design Construction Government 66

Will Springer Realtor

APRIL 11, 2022

With each stall in a commercial garage costing tens of thousands of dollars to build, parking requirements can impose significant costs on property developers, owners and renters. Rather than allocating parking that goes unused, developers could propose sharing available space in nearby buildings. and rising home prices (still!).

Construction 36

Construction Development Inventory Buyers 36

Will Springer Realtor

MAY 9, 2023

annually in home improvements across the U.S., Improvements include remodels, replacements and additions to homes. The $180B kitchen and bath market is leading the home-improvement charge and, despite economic headwinds for many households, industry experts see no end in this modernization movement.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

DECEMBER 8, 2021

Building developers are optimistic they can overcome many of the challenges. The National Association of Home Builders’ (NAHB) monthly sentiment index rose three points in November, to 83 on a scale of 1-100. The federal guarantors of most consumer mortgages have agreed to raise the borrowing limits on 30-year conforming loans.

Sellers 36

Sellers Marketing Supply Chain Construction 36

Will Springer Realtor

MARCH 14, 2022

Interest rates on a 30-year mortgage have slipped since the start of the conflict, now averaging 3.76% in the U.S., My lender friends in Seattle are quoting mortgage rates of around 4% (plus or minus an-eighth of a point), depending on individual circumstances. Developers can build only so many new homes at a time!

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

JULY 9, 2021

Urban planners have a name for it: the 15-minute neighborhood and it is already in development in parts of the country, including Seattle. Cities and neighborhoods are where we all should answer our questions about home and community. Where would you like to see this type of neighborhood development? Send me a message.

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Buyers Development Transportation Inventory 36