Housing Wire

JUNE 17, 2022

Notarize CEO, Pat Kinsel publicly announced that his firm had laid off 25% of its workforce (110 employees) in a Twitter thread on Wednesday. This is the second time the 7-year-old, Boston-based remote online notarization (RON) firm has undergone layoffs. In 2019, Notarize was forced to undergo layoffs after financing fell through. “We are exceptionally proud of the team we’ve built and they are leaving through no fault of their own – they are truly the best of the best.

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Appraisal Buzz

JUNE 17, 2022

Freddie Mac ’s Primary Mortgage Market Survey (PMMS) results show the 30-year fixed-rate mortgage averaged 5.78% with an average 0.9 point as of June 16, 2022, up from last week when it averaged 5.23%. A year ago at this time, the 30-year FRM averaged 2.93%. “Mortgage rates surged as the 30-year fixed-rate mortgage moved up more than half a percentage point, marking the largest one-week increase in our survey since 1987,” comments Sam Khater, Freddie.

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Mortgage Appraisal Marketing 370

Housing Wire

JUNE 17, 2022

Wells Fargo this week warned investors the bank’s mortgage business could drop by almost 50% in the second quarter from the prior quarter. Wells Fargo Chief Financial Officer Mike Santomassimo said higher interest rates have greatly reduced the refinancing market – currently down about 82% from the prior year – and home affordability remains a challenge in the purchase market. “As you would expect, you’re seeing the refinance volume fall significantly — no surprise,” he s

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Business Mortgage Lending Investors 407

Appraisal Buzz

JUNE 17, 2022

The House of Representatives passed HR 2543 by a vote of 215-207, legislation drafted to promote equity for underserved communities and increase access to safe and affordable financial services for all Americans. The post House Passes Measure to Increase Financial Equity and Inclusion for All appeared first on DSNews. The post House Passes Measure to Increase Financial Equity and Inclusion for All appeared first on Appraisal Buzz.

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Appraisal 369

Housing Wire

JUNE 17, 2022

I am about to say something in 2022 that no one in software design and process management would say. Do loan officers need more technology than they currently have? Will new technology change anything? Let that sit a second. After all, my friends probably assume I hit my head and need to reconsider my job choices. However, I am going somewhere with this.

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Cleveland Appraisal Blog

JUNE 17, 2022

What’s the difference between a newly constructed home and a hundred-year-old home? Depreciation! When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. When measuring depreciation using the age-life method, which residential appraisers often use, the first step is to develop an opinion of the value of the la

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Appraisal Buzz

JUNE 17, 2022

According to a new report from Fannie Mae’s Economic and Strategic Group (ESR), a combination of rising interest rates and elevated inflation will continue to weigh on the housing market and are now predicting a 1.2% full-year market growth. The ESR is still predicting a modest “economic contraction” beginning in late 2023 due to the … The post Slowing Housing Market Expected Soon appeared first on DSNews.

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Housing Market Marketing Contracts Appraisal 283

The Robert Weiler Company

JUNE 17, 2022

Ohio is one of the top five tax climates in the United States, so it is not surprising that you are looking at the various apartment buildings for sale in Ohio as a lucrative investment. However, an investment in real estate is not something you should jump into without preparation. This purchase can be a great asset, as long as you make a wise choice.

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Property Management Renovations Real Estate Investing 147

Appraisal Buzz

JUNE 17, 2022

Nationwide, 57.8% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in May, the lowest level since February 2021, according to a new report from Redfin. That’s down from a revised rate of 60.9% one month earlier and a pandemic peak of 68.8% one year earlier; it marks the fourth-consecutive monthly decline. The typical home in a bidding-war received 5.3 offers in May, down from 6.8 in April and.

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McKissock

JUNE 17, 2022

The COVID-19 pandemic has accelerated the shift to desktop appraisals. As of mid-March 2022, banks and mortgage lenders can now use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages. Thanks to advances in remote appraisal technology, desktops are more convenient and reliable than ever before.

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Appraisal Buzz

JUNE 17, 2022

RE/MAX has released its National Housing Report for May 2022, and although May is deemed one of the most active months of the year for home sales, closings in May 2022 were 8.5% lower than the prior year. However, rates did climb to 5.8% over April. That month-over-month increase was approximately half of the average … The post Experts Project Inventory to Improve Gradually appeared first on DSNews.

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Inventory Appraisal 195

Mashvisor

JUNE 17, 2022

Finding an investment property is the first step on your journey towards building wealth through real estate. The next step is to find the right financing solution for you.

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Finance Investing Real Estate Investors 69

Appraisal Buzz

JUNE 17, 2022

The COVID-19 pandemic has accelerated the shift to desktop appraisals. As of mid-March 2022, banks and mortgage lenders can now use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages. Thanks to advances in remote appraisal technology, desktops are more convenient and reliable than ever before.

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Inspection Tools Appraisal Technology 195

Mashvisor

JUNE 17, 2022

One of Florida’s hottest real estate marketplaces is Jacksonville. But should real estate investors opt for investing in Airbnb Jacksonville FL?

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Investing Real Estate Investors Marketing 74

Appraisal Buzz

JUNE 17, 2022

Information Technology Systems of Ontario (ITSO) and the REALTORS Association of Hamilton-Burlington (RAHB) have become the first Canadian organizations to launch CoreLogic ’s OneHome, a agent/client collaboration portal for the Matrix multiple listing platform. ITSO is a not-for-profit corporation that provides shared services to more than 18,500 REALTORS from 20 member associations throughout the province of Ontario.

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Realtors Clients Real Estate Technology 195

Mashvisor

JUNE 17, 2022

Would you like to know how to find out your property’s earning potential with a great investment return calculator? This article will help.

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Investing Tools Investors 69

Appraisal Buzz

JUNE 17, 2022

Holly Mickens of SitusAMC discusses how today’s talent pool is seeking a strong company culture and a positive work/life balance over money in today’s competitive marketplace. The post Positioning Yourself for Future Success Via Talent Acquisition appeared first on DSNews. The post Positioning Yourself for Future Success Via Talent Acquisition appeared first on Appraisal Buzz.

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Appraisal 195

Valcre

JUNE 17, 2022

Owners of commercial real estate often seek a professional appraisal when selling or refinancing their loans. Other times, appraisals are used as a means of determining accurate values for taxation purposes, among other considerations. Essentially, an appraisal gives an updated picture of the current market value based on factors like location, age, and how well it has been maintained.

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Property Appraisal Appraisal Market Value Valuation 52

Appraisal Buzz

JUNE 17, 2022

May’s MBS issuance total brings Ginnie Mae’s MBS program balance to $2.216 trillion, the highest in the agency’s history. The post Ginnie Mae MBS Portfolio Growth Exceeds $2.2T, Extends Covid Relief appeared first on DSNews. The post Ginnie Mae MBS Portfolio Growth Exceeds $2.2T, Extends Covid Relief appeared first on Appraisal Buzz.

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Appraisal 150

Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” It was later discovered that the well was not located on the property which was appraised. Unfortunately, the well was actually located on an adjacent lot that, at one time, was part of the subject lot prior to the lots being subdivided.

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Appraisal Contracts Real Estate Mortgage 52

BiggerPockets

JUNE 17, 2022

Entrepreneur and author Ed Mylett just bought an island. He’ll develop the 100-acre property in Maine as a legacy for his family. It’ll have a golf course, a grocery store, […].

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Development Investors 60

Lamacchia Realty

JUNE 17, 2022

FLORIDA HOME MAINTENANCE GUIDE. Having your own house is a great joy, but also a big responsibility. We all want our homes to look their best, but it needs to be in good working order as well. Both dry and rainy seasons in Florida can present a challenge for keeping your house in perfect shape. The key to achieving this goal is efficient planning and regular inspection of all the things that make your home comfortable and pleasant.

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Inspection Realty Tools Sellers 53

BiggerPockets

JUNE 17, 2022

Retirement investing is a crucial part of planning for financial freedom. While early retirement is a status that almost everyone would love to achieve, the second-best thing is standard retirement, […].

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Finance Investing 58

Mortgagebroker News

JUNE 17, 2022

Some form of slowdown was inevitable – but openings remain in the current climate

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Housing Market Marketing 65

BiggerPockets

JUNE 17, 2022

Inflation and interest rates—two things we rarely talk about when the market is going smoothly. Just this week, the Federal Reserve made some stark moves surrounding interest rates with the […].

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Investors Marketing 57

Mortgagebroker News

JUNE 17, 2022

Managing these converging forces without jeopardizing the Canadian economy will be a delicate balancing act

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Eppraisal

JUNE 17, 2022

We don't often think twice to look at trim and other millwork in a home. Believe it or not, the amount of millwork in a home can significantly add to home value. This is especially true of detailed millwork. Millwork can significantly upgrade a home and add depth and beauty to it. Trim and Baseboards Standard homes have the minimum size baseboards and trim around windows and doors.

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Home Value Decorating 36

Mortgagebroker News

JUNE 17, 2022

Housing market volatility is adding fuel to the fire, according to a new survey

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Housing Market Marketing 62

Housing Wire

JUNE 17, 2022

It’s a tough time to be a loan officer. Refinance activity is gone, housing inventory continues to be at record lows and interest rates remain on the rise. It is the type of perfect storm that will show the industry who the true survivors are and who has been riding the refi wave for the last two years. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business.

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Loan Officers Business Clients Training 401

Mortgagebroker News

JUNE 17, 2022

Variable-rate offerings have remained stable despite the Bank of Canada's rate increases

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Mortgage 56

Appraiserblogs

JUNE 17, 2022

Fannie makes its subsidies for blacks explicit, but they don’t appear to extend to other racial groups such as Hispanics and Asians. Low-income white borrowers are also excluded. Last week, Fannie Mae & Freddie Mac announced actions that aim to make it easier to buy a home and close the racial homeownership gap. Their Equitable Housing Finance Plan for 2022-2024 outlines a range of pilot programs that remove barriers blacks face when buying or renting, and keeping homeowners and renters at h

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Modernization Valuation Appraisal Process Appraisal 26

Mortgagebroker News

JUNE 17, 2022

REIT says its new operating name reflects the evolution of its portfolio

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Housing Wire

JUNE 17, 2022

Mortgage industry stakeholders say a new 50 basis point fee on some Fannie Mae and Freddie Mac securities runs counter to the premise of a uniform mortgage backed security. It’s a “money grab,” said one industry analyst, who requested anonymity to stay on good terms with the government sponsored enterprises, who together back the majority of the single-family mortgage market.

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Finance Mortgage Government Marketing 407

Eyes on Housing

JUNE 17, 2022

In the first quarter of 2022, multifamily home building showed greater growth across all regional markets compared to the first quarter of 2021, per the NAHB’s Home Building Geography Index (HBGI). Apartment construction far outpaced single-family building in all regional geographies but especially in lower density markets1. Low rental vacancy rates and rising rents gave multifamily developers confidence to continue.

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