Tue.Mar 22, 2022

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Profit margins are plunging for nonbanks

Housing Wire

Nonbanks and mortgage subsidiaries of chartered banks reported grim profitability figures in the fourth quarter of 2021, when costs reached a new high and margins fell to the lowest level since early 2019. And most industry observers think it will only get worse in the next few quarters. . Net gains in Q4 declined to $1,099 on each loan originated, compared to $2,594 in the previous quarter, according to a report published by the Mortgage Bankers Association (MBA) on Thursday.

Valuation 432
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NAR: Existing-Home Sales Plummeted 7.2 Percent in February

Appraisal Buzz

After surging 6.7% , month-over-month, in January, existing-home sales dropped 7.2% to a seasonally adjusted annual rate of 6.02 million in February, according to the National Association of Realtors (NAR). Year-over-year, existing-home sales decreased 2.4%. Regionally, and month-over-month, sales fell 11.5% in the Northeast, 11.3% in the Midwest, 5.1% in the South, and 4.7% in the West.

Realtors 195
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Maxwell adds Amy Brandt to board of directors

Housing Wire

Digital mortgage platform Maxwell has brought on Amy Brandt to its board of directors to gain perspective on the challenges that lenders face and the gaps in the mortgage digitalization process. A veteran with two decades of experience in digital mortgage solutions, Brandt most recently served as president and CEO at First American Docutech. She is operating executive director at the private equity firm Serent Capital.

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GO Companies to Create ‘One-Stop Shop’ for Homebuyers

Appraisal Buzz

GO Companies , a Columbus, Ohio-based holding company, reports that it is launching a one-stop shop for homebuyers that includes mortgages, real estate brokerage services, title services and more. As part of this transition, GO Companies has acquired GO Mortgage, a nationwide, independent mortgage bank licensed in 36 states and the District of Columbia.

Brokerage 195
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The “Why?” Behind What We Do

The Appraiser Coach

We are all creatures of habit. We tend to eat the same foods, take the same way to work, and tie our shoes the same way every time. Often, we. Read More.

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Churchill Mortgage Taps Darren Shaffer as CTO

Appraisal Buzz

Darren Shaffer has joined Churchill Mortgage as chief technology officer. Shaffer has more than 30 years of experience. He has developed more than 117 enterprise systems, some with millions of users worldwide. He’s held senior technology positions at noteworthy companies such as Wal-Mart Information Systems, Oracle, Navidec, Microsoft, and most recently served as a thought-leading CTO in the mortgage industry.

Mortgage 195

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IMG Net Gains Dropped By Nearly $1,500 per Loan From Q3 to Q4 2021

Appraisal Buzz

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $1,099 on each loan they originated in the fourth quarter of 2021, down from a reported gain of $2,594 per loan in the third quarter of 2021, according to the Mortgage Bankers Association ‘s (MBA) newly released Quarterly Mortgage Bankers Performance Report. “Production margins tightened substantially in the fourth quarter of 2021.

Mortgage 195
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Win New Business With Digital & Online Application Forms

GoForrmz

Join the digital transformation movement and reap the benefits of enhanced professionalism, elevated data collection, and significant time and cost savings From job applications to rental applications, application forms can be found across every industry. While paper-based forms must be manually completed and delivered, digital and online application forms can be accessed, completed, and processed anywhere, anytime – even while offline!

Business 148
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HUD Distributes Nearly $3B in Disaster Recovery Funds

Appraisal Buzz

Ten local governments and 13 state governments share in $3 billion to strengthen recovery efforts and improve inclusive resilience to future disasters and climate impacts. The post HUD Distributes Nearly $3B in Disaster Recovery Funds appeared first on DSNews. The post HUD Distributes Nearly $3B in Disaster Recovery Funds appeared first on Appraisal Buzz.

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5 Tips for Appraising Green Homes

McKissock

Green homes require special consideration during the appraisal and appraisal report review processes, given that they are typically unique to a subject neighborhood. These appraisals take more time and effort, as well as a certain kind of knowledge and skill—which you can secure with McKissock’s Certified Green Home Appraiser program. Here are five tips for appraising green homes that you can use as guidance. 1.

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Your Home Probably Earned More Than You Did Last Year

Appraisal Buzz

There Are 2,080 work hours in a year, assuming a standard 40-hour work week, and depending on your job, your earnings may vary widely. But according to Zillow, if you owned a home last year in a major metropolitan Area, there is a good chance that your home earned more than you did. According to … The post Your Home Probably Earned More Than You Did Last Year appeared first on DSNews.

Appraisal 195
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How to Research Your Future Seattle/King County Neighborhood

Will Springer Realtor

Friends and colleagues mean well when they tell you about the benefits of living in their community. There are the quiet coffee shops, outstanding restaurants and popular parks that can help punctuate life. They sound like a nice place to establish roots, right? When planning to make the largest purchase of their life, buyers may want to take a closer look at what is taking place in the neighborhood beyond coffee, food and scenic locations.

Buyers 66
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Protected: AnnieMac Selects Tavant to Power its Wholesale Platform for Brokers

Appraisal Buzz

This content is password protected. To view it please enter your password below: Password: The post Protected: AnnieMac Selects Tavant to Power its Wholesale Platform for Brokers appeared first on Appraisal Buzz.

Appraisal 195
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Real Estate Calculator: What Are the Different Types and How Do They Help Investors?

Mashvisor

The truth is, finding a real estate property that generates the income you’re hoping for might be tricky without a real estate calculator.

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5 Tips for Appraising Green Homes

Appraisal Buzz

Green homes require special consideration during the appraisal and appraisal report review processes, given that they are typically unique to a subject neighborhood. These appraisals take more time and effort, as well as a certain kind of knowledge and skill—which you can secure with McKissock’s Certified Green Home Appraiser program. Here are five tips for appraising green homes that you can use as guidance. 1.

Appraisal 195
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3 Ways to Prepare Your Home for a Refinance Appraisal

East Coast Appraisal

As a homeowner, you may need to apply for a mortgage refinance at some point. One of the most compelling reasons to refinance your mortgage is to reduce the interest rate of your current loan. Other reasons for mortgage refinancing include adjusting your loan terms or switching mortgage firms. However, before applying for a mortgage refinance, you need to get approved for refinancing through refinancing appraisal.

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Mr. Cooper Acquires Residential Portfolio of Community Loan Servicing

Appraisal Buzz

In addition to the servicing of approximately 140,000 residential mortgage loans, Mr. Cooper Group will add more than 500 CLS employees to its team under new deal. The post Mr. Cooper Acquires Residential Portfolio of Community Loan Servicing appeared first on DSNews. The post Mr. Cooper Acquires Residential Portfolio of Community Loan Servicing appeared first on Appraisal Buzz.

Appraisal 195
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BoC should introduce 0.5% April increase: Scotiabank economist

Mortgagebroker News

"We think they've got some signalling to do that they take the inflation situation more seriously than their actions suggest"

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The “Why?” Behind What We Do

Appraisal Buzz

We are all creatures of habit. We tend to eat the same foods, take the same way to work, and tie our shoes the same way every time. Often, we … Read More. The post The “Why?” Behind What We Do appeared first on Appraisal Buzz.

Appraisal 195
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Airbnb Miami: Should You Invest In 2022?

Mashvisor

Two years after COVID-19 disrupted tourism, more people are traveling again. Is 2022 a great time to invest in an Airbnb Miami property?

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March Sales to Produce Largest Monthly Increase in Closings

Appraisal Buzz

RE/MAX released its National Housing Report for February 2022, revealing home sales fell approximately 1% from January, planning for what is typically the year’s biggest month-over-month incline in sales. March is typically considered the start of the spring home-selling season, although the number of homes on the market remained at record lows.

Appraisal 195
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First-time buyer crisis: Is it time for longer amortizations?

Mortgagebroker News

The idea has been frequently touted by industry members as a possible solution to affordability challenges

Buyers 69
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Rookie Podcast 167: 7 Doors in 11 Months While Investing Out-of-State w/ Hashim Ismail

BiggerPockets

As a dreamer and life-long learner, Hashim Ismail makes it a goal to push himself. Hashim officially started his real estate investing journey eleven months ago but began learning about […].

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AirDNA Pricing: How Much Does It Cost to Join? Is It Worth Subscribing?

Mashvisor

Before you subscribe to this investment tool, it would be helpful to take a few minutes to analyze AirDNA pricing. Should you sign up—or pass up?

Tools 54
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Canadians answer: Is now a good time to get a home?

Mortgagebroker News

The latest report from Mortgage Pros Canada reveals a potentially surprising consensus

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Ginnie Mae EBO loan market buffeted by rising rates

Housing Wire

Mortgage rates, rates. New York-based Mortgage Industry Advisory Corp. (MIAC) is in the market with two whole-loan offerings of nonperforming Ginnie Mae-insured mortgages that combined are valued at more than $1.2 billion. The two deals involve nonperforming loans that are eligible for early buyouts (EBOs) from Ginnie Mae loan pools. The largest of the two EBO whole-loan offerings is valued at $1.1 billion.

Marketing 369
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Canada is second only to one country for highest house price-to-income ratio

Mortgagebroker News

Housing affordability continues to slump in an overvalued real estate market

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Fannie Mae finalizes two additional credit insurance risk transfers

Housing Wire

On the heels of completing its first credit insurance risk transfer (CIRT) deal of the year in early March, Fannie Mae has announced that it has executed two additional CIRT deals. . The newest deals, CIRT 2022-2 and CIRT 2022-3, together transferred $1.8 billion of mortgage credit risk to private insurers and reinsurers. “We appreciate our continued partnership with the 25 insurers and reinsurers that have committed to write coverage for these two deals,” said Rob Schaefer, Fannie Mae’s vice

Insurance 370
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Economist: Cost of food and gas are now equivalent to three BoC hikes

Mortgagebroker News

How many rate increases does it take to fix the Canadian economy?

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Fannie Mae Implements CIRT Transactions on $50 Billion of Single-Family Loans

Appraisal Buzz

Fannie Mae has executed its second and third Credit Insurance Risk Transfer (CIRT) transactions of 2022. As part of Fannie Mae’s ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2022-2 and CIRT 2022-3 together transferred $1.8 billion of mortgage credit risk to private insurers and reinsurers.

Insurance 195
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Living legacy: help your clients finance their higher education dreams

Mortgagebroker News

CHIP Reverse Mortgage allowed one couple to gift an early inheritance

Clients 63
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Quebec home-buying intent returns to pre-pandemic levels

Mortgagebroker News

The new normal is also shifting consumer preferences

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