Tue.Aug 24, 2021

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Inside Figure and Homebridge’s massive bet on blockchain

Housing Wire

Mike Cagney, co-Founder at Figure Technologies. Peter Norden, the CEO of Homebridge Financial Services , has been waiting a long time to do something truly unique in the mortgage business. Decades. “I’ve always struggled with finding a way to be different than my competition,” Norden, a 43-year veteran of the business, said. “Because the reality is, when you really look at it, all mortgage bankers sell pretty much the same products.

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LRES, Keystone Sign Acquisition Agreement

Appraisal Buzz

The two companies “present a formidable solution to the REO and valuation ecosystems,” says Keystone’s CEO. The post LRES, Keystone Sign Acquisition Agreement appeared first on DSNews. The post LRES, Keystone Sign Acquisition Agreement appeared first on Appraisal Buzz.

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Mortgage profits drop in second quarter on lower volume

Housing Wire

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported less profit in the second quarter, with net gains declining to $2,023 on each loan originated compared to $3,361 in the previous quarter, according to a report published by the Mortgage Bankers Association. The data, compiled from 361 companies, shows that the average pre-tax production profit was 73 basis points in the second quarter, down from an average net production profit of 124 bps in the first quarter

Mortgage 370
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Independent Mortgage Bankers’ Quarterly Profits Dip

Appraisal Buzz

Analysts say stiffer competition, lower production volume, and a shift in purchase/refi activity led to lower revenues and higher expenses. The post Independent Mortgage Bankers’ Quarterly Profits Dip appeared first on theMReport.com. The post Independent Mortgage Bankers’ Quarterly Profits Dip appeared first on Appraisal Buzz.

Mortgage 370
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Get Non-Lender Work with Video

The Appraiser Coach

As a coach, I’m teaching appraisers on a constant basis. A lot of them are interested in doing non-lender work but they aren’t sure how to attract that work. Really, Read More.

Appraisal 370
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The Impact of a Century’s-Old Doctrine on the Mortgage Market

Appraisal Buzz

The “Valid-When-Made” Rule is under attack in federal courts, and Legal League 100’s Special Initiatives Working Group and LL100’s Chairman Stephen Hladik break down its ramifications in an informative White Paper and webinar. The post The Impact of a Century’s-Old Doctrine on the Mortgage Market appeared first on DSNews. The post The Impact of a Century’s-Old Doctrine on the Mortgage Market appeared first on Appraisal Buzz.

Marketing 370

More Trending

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Existing-Home Sales Rise 1.3% Month-Over-Month in July

Appraisal Buzz

“You can’t buy what’s not for sale, even if your buying power says you can afford it,” notes First American Chief Economist Mark Fleming on the latest potential existing-home sales report. The post Existing-Home Sales Rise 1.3% Month-Over-Month in July appeared first on theMReport.com. The post Existing-Home Sales Rise 1.3% Month-Over-Month in July appeared first on Appraisal Buzz.

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Rebound for Multifamily Starts

Eyes on Housing

According to NAHB analysis of quarterly Census data, the market share of rental units of multifamily construction starts remained elevated at 95.2% during the second quarter of 2021. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. An average share of 80% was registered during the 1980-2002 period.

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What’s New in Appraisal Membership: August 2021

Appraisal Buzz

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership ?

Appraisal 195
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Ask These 19 Questions to Find the Best Mortgage Lender

BiggerPockets

Lenders are selling a product and that we, the buyers, are the customers. We have the luxury of shopping around for the best deal. Here are the key questions to ask when looking for potential lending partners.

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National MI, Mortgage Coach Combine Forces

Appraisal Buzz

National Mortgage Insurance Corp. (National MI), the primary operating subsidiary of NMI Holdings Inc., is now integrated with the Mortgage Coach platform, which enables mortgage lenders to create accurate, digital home loan comparison scenarios for borrowers. Mortgage lenders use the Mortgage Coach platform to share multi-option loan comparisons with borrowers through an interactive total cost analysis (TCA) presentation.

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Paying Rent With a Credit Card? Don’t Be Surprised—Sometimes, It Makes Sense!

BiggerPockets

Paying rent with a credit card is a convenient way for tenants to keep up to date with rent payments. Will this option help your tenants pay rent on time? Find out here.

Tenants 77
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AppraisalWorks Transforms Real Estate Appraisal Technology Platform

Appraisal Buzz

AppraisalWorks , a real estate appraisal technology provider, has enhanced its flagship appraisal management technology platform. The AppraisalWorks platform is designed to streamline the real estate appraisal process, helping lenders and servicers achieve lower costs, faster turn times and greater transparency. The latest enhancements to AppraisalWorks further automate key elements of the appraisal management process, including quote management tools for residential and commercial real estate a

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Rookie Podcast 107: 10 Income Streams on 1 Property by “Land Hacking” w/ Kai Andrew

BiggerPockets

We have lots of fun phrases in the real estate community, phrases like house hacking, live in flipping, and BRRRRing. Now, we may have one new phrase to add…land hacking. […].

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Kevin DeLory Joins Equity Prime as Chief Lending Officer

Appraisal Buzz

EPM bolsters its executive team with new addition who will offer third-parties and consumers a better overall experience. The post Kevin DeLory Joins Equity Prime as Chief Lending Officer appeared first on theMReport.com. The post Kevin DeLory Joins Equity Prime as Chief Lending Officer appeared first on Appraisal Buzz.

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Genevieve Botelho Qualifies for 2021 Lamacchia Realty President’s Club

Lamacchia Realty

Lamacchia Realty is thrilled to share the newest member of the 2021 President’s Club, Genevieve Botelho ! This is the fourth time Genevieve has made President’s Club, previously making the club in 2018 , 2019 , and 2020. Genevieve is also a 2020 President’s Club ELITE member ! Genevieve was named the #1 agent in the Worcester office for total sales and highest volume in 2019 and 2020.

Realty 69
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Rethinking Housing-Finance Policy

Appraisal Buzz

An expert in the subject says it is time to “step back, take stock, and look for fresh ideas” surrounding America’s homeownership rate and related financial health. The post Rethinking Housing-Finance Policy appeared first on DSNews. The post Rethinking Housing-Finance Policy appeared first on Appraisal Buzz.

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What needs updating in an older home?

San Jose Real Estate

What needs updating if you are buying an older house, townhome, or condo? Most of the homes for sale in Silicon Valley are more than 25 years old, and with our already very restricted inventory, that makes the odds of purchasing an older house, townhouse or condo fairly high if you’re in the market to […].

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Raising America’s Homeownership Rate

Appraisal Buzz

This metric used to measure the nation’s financial health has remained virtually unchanged for 130 years—can housing-finance policy make a difference? The post Raising America’s Homeownership Rate appeared first on theMReport.com. The post Raising America’s Homeownership Rate appeared first on Appraisal Buzz.

Finance 195
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What’s New in Appraisal Membership: August 2021

McKissock

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership ?

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Get Non-Lender Work with Video

Appraisal Buzz

As a coach, I’m teaching appraisers on a constant basis. A lot of them are interested in doing non-lender work but they aren’t sure how to attract that work. Really, … Read More. The post Get Non-Lender Work with Video appeared first on Appraisal Buzz.

Appraisal 195
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Trudeau vows ban on foreign buyers

Mortgagebroker News

The pledge comes as the debate over affordable housing heats up in the federal election campaign

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‘Delta Dip’ in Mortgage Rates Drives Homebuying Power Upward

Appraisal Buzz

A drop in rates and an uptick in household income both contributed to increased buying power in July. The post ‘Delta Dip’ in Mortgage Rates Drives Homebuying Power Upward appeared first on DSNews. The post ‘Delta Dip’ in Mortgage Rates Drives Homebuying Power Upward appeared first on Appraisal Buzz.

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MCAN Mortgage Corporation receives approval for public offering

Mortgagebroker News

The company has been approved to make public offerings of up to $400 million in securities

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Mortgage Loans in Forbearance Decreases, MBA Reports

Appraisal Buzz

The Mortgage Bankers Association ‘s (MBA) latest Forbearance and Call Volume Survey reveals that the total number of loans now in forbearance decreased by 1 basis point from 3.26% of servicers’ portfolio volume in the prior week to 3.25% as of August 15, 2021. According to MBA’s estimate, 1.6 million homeowners are in forbearance plans.

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Private lenders’ loan share on the rise

Mortgagebroker News

The institutions’ net issuances in debt securities are also on an upward trend

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Expanding Tech Footprint Increases Risk in Real Estate Fraud

Will Springer Realtor

This is a friendly public service announcement from your friendly real estate professional: Be extremely careful of cyber fraud when planning to buy or sell a home. In our world of all things digital, consumers and organizations large and small find themselves entangled in various schemes to steal money. Among the more notable cases, more than $30B was siphoned from states in 2020 – including $600M in Washington – through unemployment benefits scams.While on a smaller scale, real estate also suf

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Premiere Mortgage VP on ‘huge shift’ for brokers during pandemic

Mortgagebroker News

The prominent executive looks at how mortgage professionals adapted

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How to do a comparative market analysis to determine your home’s value

REX Real Estate

According to a recent report by HomeLight, overpricing is the number one mistake that…

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National Bank on current home price growth trends

Mortgagebroker News

July marked the second consecutive month of slowing price gains

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New Homes Sales Inched Up 1 Percent in July

Appraisal Buzz

New home sales increased 1% in July compared with June but were down 27% compared with July 2020, according to estimates from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Sales of new single?family homes were at a seasonally adjusted annual rate of 708,000, up from 701,000 the previous month but down from 972,000 a year ago.

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Bank of Montreal's Q3 results are out

Mortgagebroker News

Operating momentum helps drive performance

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New Home Sales Steady in July

Eyes on Housing

As the market has cooled due to higher costs, July recorded a slight gain of 1% for sales of newly-constructed single family homes, according to estimates from the Census Bureau and HUD. The July seasonally adjusted annual rate (708K) was 27% lower than a year ago, due to builders slowing sales as a consequence of higher material and other costs.

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Scotiabank reports Q3 results

Mortgagebroker News

Find out how it performed over the period

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