Housing Wire

JANUARY 26, 2022

For the next two months, United Wholesale Mortgage (UWM) will credit borrowers up to $600 for their appraisal costs, the lender said in a statement Wednesday. According to the Pontiac, Michigan-based lender, the credit will be available on all primary purchases, including jumbo mortgages. The offer will run from now until March 31. Mat Ishbia, CEO of UWM, said in a statement that the move is meant to “jump-start purchase season” and that this offering will give independent mortgage brokers a sig

Appraisal 383

Appraisal Real Estate Agent Real Estate Appraisal Process 383

Sacramento Appraisal Blog

JANUARY 26, 2022

Sometimes crossing the street can make all the difference for value. In short, if we don’t understand where a neighborhood starts and ends, we might choose the wrong comps. Let’s talk about that today. I welcome your constructive and thoughtful comments. Photo used with permission (thanks Vicky). 1) BOUNDARIES MATTER: Here is a real example […].

Construction 342

Construction Appraisal Marketing 342

Housing Wire

JANUARY 26, 2022

High inflation and a strong labor market has convinced Federal Reserve officials of the need to raise interest rates “soon,” though an exact timetable has not yet been disclosed. “With inflation well above 2% and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate,” the Federal Open Markets Committee said in a statement on Wednesday.

Mortgage 383

Mortgage Marketing 383

Appraisal Buzz

JANUARY 26, 2022

A strong economy and positive employment numbers factor into the Federal Reserve’s decision to not raise rates. The post Fed Holds Rates Steady appeared first on theMReport.com. The post Fed Holds Rates Steady appeared first on Appraisal Buzz.

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Appraisal 368

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. Both firms will maintain their existing brands and teams. The investment comes at a pivotal time for the mortgage industry, which has seen record refi volume give way to a market dominated by purchase loans.

Investors 360

Investors Mortgage Investing Loan Officers 360

Appraisal Buzz

JANUARY 26, 2022

[link]. In today’s Buzzcast, we’re speaking to Chris and Brittany Perry – a husband and wife team in the appraisal industry. Today we have Jim Morrison, VP of Marketing and Sales for Allterra Group, with Chris and Brittany Perry, Owners of CMP Appraisals. We’ll be getting the inside scoop while they discuss this past year, the highs and lows of working with your partner, and what they’ve learned from one another.

Business 221

Business Appraisal Marketing 221

Appraisal Buzz

JANUARY 26, 2022

New home sales in December were at a seasonally adjusted annual rate of 811,000, an increase of 11.9% compared with the revised November rate of 725,000 but a decrease of 14.0% compared with December 2020, according to estimates from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Roughly 762,000 new homes were sold in 2021, a decrease of 7.3% compared with 2020.

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Development Appraisal 195

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. The prior two Series A funding rounds undertaken in April 2019 and March 2021 raised a total of $20 million, according to the deal-tracking service Crunchbase.

Modernization 369

Modernization Mortgage Lending Investors 369

Appraisal Buzz

JANUARY 26, 2022

Bureau launches initiative to save Americans billions in “junk” fees charged by financial companies and banks. The post CFPB Seeks Elimination of Unnecessary Fees appeared first on DSNews. The post CFPB Seeks Elimination of Unnecessary Fees appeared first on Appraisal Buzz.

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Appraisal 195

Housing Wire

JANUARY 26, 2022

Tomo , a fintech mortgage startup run by former Zillow executives, is expanding its presence, announcing this week that it will now serve borrowers in Florida, Connecticut and Colorado. And they’re looking to capitalize on higher home prices and the market for jumbo mortgages. Founded in October 2020 by former Zillow executives Greg Schwartz and Carey Armstrong, the Connecticut-based company, first launched its platform in Seattle, Washington and Austin, Texas.

Mortgage 368

Mortgage Advertising Lending Brokerage 368

Appraisal Buzz

JANUARY 26, 2022

Mortgage applications decreased 7.1% from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending January 21, 2022. On an unadjusted basis, the Market Composite Index decreased 6% compared with the previous week. The Refinance Index decreased 13% from the previous week and was 53% lower than the same week one year ago.

Mortgage 195

Mortgage Appraisal Marketing 195

Housing Wire

JANUARY 26, 2022

As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase. These risks should be top-of-mind for mortgage professionals, as evidenced by recent changes at Freddie Mac that emphasize risk mitigation and cybersecurity efforts. In October, Freddie Mac issued Bulletin 2021-31 , updating its Seller/Servicer and Third Party risk mitigation requirements.

Insurance 363

Insurance Agents Technology Sellers 363

Appraisal Buzz

JANUARY 26, 2022

The streak continues: as affordability concerns begin to price some buyers out of the purchase market, the latest data from the rental market shows that tenants are experiencing double-digit rent hikes as well. According to Realtor.com’s year-end Monthly Rental Report, December saw rents increase for the sixth month in a row, led by surges in major metropolitan areas such as Miami, where rents increased by … The post Rents Increase by Double Digits for Sixth Month appeared first on DSNews

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Tenants Buyers Appraisal Marketing 195

George Dell

JANUARY 26, 2022

Obsolescence, in appraisal education, is of three types: functional, physical, economic. If we are to stop the obsolescence of the appraisal ‘professional’ model, it may help if we look at the established body of knowledge with this in mind. Recall our context. We are looking at the “five frictions” – process, standards, education, user expectations, […].

Appraisal 195

Appraisal 195

Appraisal Buzz

JANUARY 26, 2022

The streak continues: as affordability concerns begin to price some buyers out of the purchase market, the latest data from the rental market shows that tenants are experiencing double-digit rent hikes as well. According to Realtor.com’s year-end Monthly Rental Report, December saw rents increase for the sixth month in a row, led by surges in major metropolitan areas such as Miami, where rents increased by … The post Rent Up by 10.1%, Some See Increases of over 30% appeared first on theMR

Tenants 195

Tenants Buyers Appraisal Marketing 195

Eyes on Housing

JANUARY 26, 2022

At the conclusion of its January policy meeting, the Federal Open Market Committee strongly signaled that it will undertake its first, post-covid increase of the federal funds rate in March. The Fed is tightening monetary policy in response to the highest inflation readings in nearly 40 years. These inflationary pressures have increased both consumer costs and businesses input costs, including.

Business 163

Business Marketing 163

Appraisal Buzz

JANUARY 26, 2022

American Financial Resources, Inc. (AFR), a national mortgage lender, is pleased to announce the addition of Lauren Blackburn as Director of Marketing at AFR where she will be driving the company’s marketing strategy and contributing to the overall business strategy. Blackburn joins AFR from First Hope Bank where she served a long tenure, most recently as Assistant Vice President, Marketing … The post American Financial Resources Names New Director of Marketing appeared first on theM

Marketing 195

Marketing Business Appraisal Mortgage 195

GoForrmz

JANUARY 26, 2022

Level up your construction business operations with these five digital forms Are you a drywall and insulation contractor that is tired of searching for a solution to elevate and enhance your business operations? Well look no further – GoFormz is your one-stop-shop solution for digital data capture, mobile forms, workflows, and much more. With GoFormz, your digital forms can look exactly like your existing paper forms (or entirely new versions) and can be used to collect new data types like Image

Construction 148

Construction Business Clients 148

Appraisal Buzz

JANUARY 26, 2022

More than 77% of homebuyers and sellers believe there’s a housing price bubble in the area where they live, according to a survey in a new report from Redfin. Historically rapid home-price growth has made homebuyers and sellers worried, although Redfin experts say rising mortgage rates and buyers who can afford their homes are preventing a bubble. A housing bubble is characterized by rapid, unsustainable growth … The post Record-Low Mortgage Rates Steer Housing Demand appeared first on th

Mortgage 195

Mortgage Sellers Buyers Appraisal 195

Eyes on Housing

JANUARY 26, 2022

Nonfarm payroll employment increased in 44 states and the District of Columbia in December compared to the previous month while five states lost jobs. Employment was unchanged in Utah. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 199,000 in December, following an upwardly revised increase of 249,000 jobs in November.

Construction 86

Construction Marketing 86

Appraisal Buzz

JANUARY 26, 2022

More than 77% of homebuyers and sellers believe there’s a housing price bubble in the area where they live, according to a survey in a new report from Redfin. Historically rapid home-price growth has made homebuyers and sellers worried, although Redfin experts say rising mortgage rates and buyers who can afford their homes are preventing a bubble. A housing bubble is characterized by rapid, unsustainable growth … The post Price Bubbles, Rising Prices Concern Consumers and Sellers appeared

Sellers 195

Sellers Buyers Appraisal Mortgage 195

Mashvisor

JANUARY 26, 2022

If you want to get into real estate investment in 2022, you’ve probably thought about short-term rentals. Real estate markets have been steadily growing and recovering to pre-pandemic levels.

Investing 69

Investing Real Estate Marketing Tools 69

Appraisal Buzz

JANUARY 26, 2022

Nationwide, 31.2% of those surveyed looked to move to a different metro in the fourth quarter of 2021, according to a new report from Redfin. That number is down from the record high of 31.5% set in the first quarter of last year, but is still up significantly from pre-pandemic levels, with 26.3% of Redfin.com users looking to relocate in the fourth quarter of 2019.

Appraisal 195

Appraisal 195

BiggerPockets

JANUARY 26, 2022

Long-distance investing may sound like an impossible feat to achieve for many investors. What if something goes wrong in the house? What if something needs fixing? What if there are […].

Investors 63

Investors Investing Real Estate 63

Appraisal Buzz

JANUARY 26, 2022

CoreLogic , a global property data and analytics-driven solutions provider, has introduced its LoanSafe Explorer service, the newest addition to its LoanSafe fraud and risk mitigation suite. It can assist lenders and servicers to get a more accurate picture of their fraud risk by taking a macro-level view of their organization to help spot possible fraud trends that might be missed when only looking at individual loans.

Appraisal 195

Appraisal 195

Buys Brokers Only LLC

JANUARY 26, 2022

Buying a condominium in the Boston area or around Massachusetts can be a great home option, but there is much for homebuyers to consider before deciding which condo or townhouse is a smart choice. Finding the right condominium requires home buyers to do their due diligence. The following are 12 questions to ask in order to make a well-informed decision and avoid potential pitfalls when buying a condo.

Buyers 55

Buyers 55

Appraisal Buzz

JANUARY 26, 2022

Sagent , a fintech company focused on mortgage and consumer loan servicing for banks and lenders, has signed a multi-year partnership extension with Gateway First Bank. For nearly a decade, Gateway has partnered with Sagent to power its mortgage servicing tech stack with LoanServ (system of record), CARE (consumer experience) and DataScape (cloud-based data reporting and insights) to simplify the servicing experience for Gateway’s consumer customers and team members.

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Mortgage Appraisal 195

Mashvisor

JANUARY 26, 2022

The short-term rental market in the US has become a desirable investment option, and many people are considering jumping on board.

Tools 65

Tools Investing Marketing Investors 65

Appraisal Buzz

JANUARY 26, 2022

A new deal is predicted to accelerate community-focused growth in banking and mortgage by combining digital simplicity with smart human advice, as Sagent announced a multi-year servicing partnership extension with Gateway First Bank. “Gateway is the future of financial services because they have proven how community banking powered by modern fintech, delivers the high-tech, high-touch vision we all strive for,” said Sagent CEO Dan Sogorka. “Sagent is … The post Sagent Ann

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Modernization Appraisal Mortgage 195

Buys Brokers Only LLC

JANUARY 26, 2022

Homebuyers moving to the Boston area should familiarize themselves not only with real estate property taxes, but also several other taxes that will impact the overall cost of relocating to Massachusetts. Besides real estate property taxes, Massachusetts has an income tax, a sales tax, an excise tax, and a tax related to the failure to obtain health insurance.

Property Taxes 53

Property Taxes Real Estate Insurance 53

Mortgagebroker News

JANUARY 26, 2022

A new survey shows that over three-quarters of Canadians are worried about the state of their finances

Finance 68

Finance 68

Mashvisor

JANUARY 26, 2022

One of the best ways to get into real estate investing is through the real estate market.

Real Estate 68

Real Estate Investors Investing Marketing 68

Mortgagebroker News

JANUARY 26, 2022

All eyes have been on the Bank in recent weeks amid speculation of an impending rate hike

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Lamacchia Realty

JANUARY 26, 2022

TOP ADVANTAGES OF SELLING YOUR SOUTH FLORIDA HOME IN THE WINTER. Before putting a home in a market, you will ask yourself what would be the best time to sell your South Florida home. Most sellers do it when there is a high demand, during the spring or summer months. However, most property purchases in South Florida happen in the first half of the year, starting from January.

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Sellers Buyers Housing Market Marketing 41