Tue.Jun 07, 2022

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Ginnie Mae to open eNote program to more participants

Housing Wire

Ginnie Mae , a guarantor for federally backed loans, announced in late May that it would make enhancements to its digital collateral program. One of the most notable changes is that the agency will reopen its program to new participants starting June 21. The agency said that the program has been successful and that it wants to expand the amount of eIssuers that can participate.

Mortgage 395
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How to Create Your Dream Home Office Without Breaking the Bank

Cleveland Appraisal Blog

Hidy Ho friend! I hope you’re enjoying a little bit of the great outdoors! This week I will be traveling to Columbus for the annual Ohio Coalition of Appraisal Professionals summer seminar. I’m looking forward to a little networking and catching up with my appraisal friends. In the meantime, I hope you enjoy another article from return guest blogger June Duncan.

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Almost 80% believe it’s a bad time to buy property

Housing Wire

Consumers’ concerns about housing affordability are squeezing would-be homebuyers out of the market, according to Fannie Mae ‘ s Home Purchasing Sentiment Index , which tracks the housing market and consumer confidence to sell or buy a home. The index score dropped by 0.3 points to 68.2 in May, inching toward its 10-year and pandemic-low of 63, recorded in April 2020. .

Mortgage 384
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What To Do When Hiring A Trainee

The Appraiser Coach

You are working hard as an appraiser, gaining customers, and creating value. You love what you do and are excited to see the business you have diligently and meticulously worked. Read More.

Business 195
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Freddie Mac unveils offer for up to $2.2B in CRT notes

Housing Wire

Freddie Mac has announced a cash tender offer for some $2.2 billion in outstanding notes across eight vintage credit-risk transfer (CRT) transactions conducted through the agency’s Structured Agency Credit Risk, or STACR, program. The offering price for the notes outstanding in the current offering , STACR 2022-TO2 , ranges from $1,000.63 to $1,017.81 per thousand dollars of outstanding principal amount, depending on the series vintage.

Investors 379
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Less Than 20% of Consumers Report Now as a ‘Good Time to Buy’

Appraisal Buzz

The Fannie Mae Home Purchase Sentiment Index (HPSI) remained comparatively flat in May —decreasing by only 0.3 points— but inching nearer its 10-year- and pandemic-low of 63.0 from April 2020. Surveyed consumers continue to express concerns about housing affordability, with the “Good Time to Buy” indicator reaching a new survey low, as 79% of respondents … The post Less Than 20% of Consumers Report Now as a ‘Good Time to Buy’ appeared first on DSNews.

Appraisal 150

More Trending

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Case-Shiller: Home Prices Continued to Rise in March, But Deceleration Looms

Appraisal Buzz

U.S. home prices continued to increase in March, rising 2.1% on an adjusted basis compared with February and 20.6% compared with March 2021, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. “Those of us who have been anticipating a deceleration in the growth rate of U.S. home prices will have to wait at least a month longer,” says Craig J.

Appraisal 150
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Are these factors creating chaos in your mortgage lending ops?

Housing Wire

Few other industries must deal with the level of complexity of home finance. From mortgage origination to servicing, companies are constantly grappling with high volume and stringent regulatory oversight while managing a large cohort of vendor partners. Add to those challenges increased competition in a rising interest rate environment that is choking off refinance business, driving overall mortgage volume down significantly.

Lending 339
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Breaking Down Economic Impacts of a Home Sale

Appraisal Buzz

The foundation of wealth-building throughout the country for the masses remains firmly entrenched in real estate. A first-class asset, real estate now represents 17% of the country’s GDP and represents a major driver of the economy as a whole. Asking the question: “How is the housing market in your state affecting the local economy,” the … The post Breaking Down Economic Impacts of a Home Sale appeared first on DSNews.

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May: Market Update for Housing Marketers

Housing Wire

HW Media’s audience is very interested in understanding the macroeconomic factors affecting housing. Top-performing articles over the last month include: 5 predictions for the second half of the 2022 housing market , by Selma Hepp, deputy chief economist at CoreLogic. Opinion: Understanding trends is key to predicting the next housing shift , by Shashank Shekhar, founder and CEO of InstaMortgage.

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Total Bankruptcies Down 10% YoY

Appraisal Buzz

Epiq, an Atlanta-based provider of intelligence to the legal services industry, has released its May 2022 bankruptcy filing statistics from its new Bankruptcy Analytics platform which found that filings decreased by 3.74% last month representing 31,314 cases 32,508 filings of all types, down from the 32,508 filings seen in May, 36,059 seen in March, the … The post Total Bankruptcies Down 10% YoY appeared first on DSNews.

Legal 150
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Large Metro Suburban Single-family Construction Slows

Eyes on Housing

Recent developments in the first quarter of 2022 per NAHB’s Home Building Geography Index (HBGI), indicate single-family home building slowing in suburbs, with most other regional geographies following suit. Following the aftermath of COVID-19, home buyer preferences for the suburbs have eased. Supply-chain challenges and unfavorable economic conditions have reduced the pace of single-family residential construction across all regional submarkets.

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What To Do When Hiring A Trainee

Appraisal Buzz

You are working hard as an appraiser, gaining customers, and creating value. You love what you do and are excited to see the business you have diligently and meticulously worked … Read More. The post What To Do When Hiring A Trainee appeared first on Appraisal Buzz.

Appraisal 150
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[Video] Webinar: Improving Quality Management With GoFormz & Procore

GoForrmz

Improve your operation’s quality management with the GoFormz and Procore integration Quality management is a critical function often plagued with obstacles like missing information, inaccurate data, miscommunication, and more. Leveraging GoFormz and Procore, owners can maintain complete oversight of their projects and provide residents with the quality they expect.

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CoreLogic Report Shows Continued Price Increases, More Buyer Urgency in April

Appraisal Buzz

CoreLogic ’s CoreLogic Home Price Index (HPI) and HPI Forecast for April 2022 show that home prices posted another record-high year-over-year increase in April nationwide, marking the 123rd straight month of gains. Rising mortgage rates drove buyer urgency and the resulting price growth, with about 70% of U.S. homes selling for more than asking price this spring.

Buyers 150
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How to Overcome Buyer Fatigue in the Housing Market

Mashvisor

Experiencing buyer fatigue while searching for the perfect investment property is nothing new. In fact, it’s a relatively common hindrance. Table of Contents What Is Buyer Fatigue?

Buyers 67
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GSEs Further Advancing the Pursuit of Affordable Housing

Appraisal Buzz

In its inaugural Mission Report, the GSEs reported the acquisition of more than 360,000 loans, further supporting the goal of affordable, sustainable, and equitable housing for all. The post GSEs Further Advancing the Pursuit of Affordable Housing appeared first on DSNews. The post GSEs Further Advancing the Pursuit of Affordable Housing appeared first on Appraisal Buzz.

Appraisal 150
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Amie Balchunas Featured in Broward Real Producers Magazine as Rising Star

Lamacchia Realty

Amie Balchunas was named the Broward County Real Producers Magazine Rising Star! Featured in the magazine, Amie discusses her journey to where she is today, how her referral business has grown tremendously with people wanting to move to Florida, how Lamacchia Realty is different from all the rest, and so much more. Click here or on the picture to read the entire article!

Realty 66
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79 Percent of Fannie Mae HPSI Respondents Believe It’s a Bad Time to Purchase a Home

Appraisal Buzz

Fannie Mae reports that its Home Purchase Sentiment Index (HPSI) remained relatively flat in May, decreasing by only 0.3 points to 68.2 but inching nearer its 10-year- and pandemic-low of 63 from April 2020. Surveyed consumers continue to express concerns about housing affordability, with the Good Time to Buy indicator reaching a new survey low, as 79% of respondents reported that it’s a bad time to buy a home.

Appraisal 150
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The Complete Guide to Investing in Furnished Short Term Rentals

Mashvisor

If you’ve been actively thinking of investing in furnished short term rentals, there are a couple of regularities that must be given priority.

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What Rights Do Landlords Have?

BiggerPockets

Let’s face it, being a real estate or rental property owner is like trying to navigate a minefield. At every point, you must double-check federal and state laws to ensure […].

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6 Ways to Save Time When Managing an Airbnb

Mashvisor

Managing an Airbnb can be tedious. As a host, you are faced with many responsibilities that can overwhelm your to-do list and impact your success.

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Brokerage president on market uncertainty

Mortgagebroker News

"Certainty and stability come back once the Bank has reached its stable point for the current environment"

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House Hacking: How to Live for Free and Build Wealth in The Background

BiggerPockets

House hacking is one of the easiest ways to get into real estate investing. Thanks to its flexible financing options, low down payment loans, and ability to cut your rent […].

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Canada homeownership – dream out of reach for young people

Mortgagebroker News

Living costs in urban markets far outpace Canadian youths' purchasing power

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Mortgage Rates Continue to Move

Eppraisal

Many players are involved with a home purchase or refinance. The realtor, of course, comes first to mind followed closely by a home inspector, an appraiser, an attorney, a title agent and a county clerk. That's not even an exhaustive list. Yet none of these professionals will be put to work unless financing is in place. The money is the hub around which all of these spokes revolve.

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RBC: May was a turning point for home sales in multiple markets

Mortgagebroker News

Central bank's outsized rate increases having a big impact, analyst says

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New Regulations Put in Place for Condos in Florida

Lamacchia Realty

NEW REGULATIONS PUT IN PLACE FOR CONDOS IN FLORIDA. Florida is home to over 1.5 million condo units, with 28,000 condo associations across the state, and nearly a year after the Champlain Tower collapse in Surfside, Florida, stricter condo regulations have been put in place to mandate more frequent condo inspections. Previous laws stated that buildings over three stories had to go through the recertification process after 40 years but this bill now requires recertification to happen at the 30-ye

HOA 36
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Analysis: North American central banks keen to hike rates rapidly

Mortgagebroker News

Inflation levels continue exceeding central banks' targets

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FHFA report on GSE fair lending reveals “persistent” racial divide

Housing Wire

The Federal Housing Finance Agency ‘s (FHFA) inaugural mission report, released Monday, offers a glimpse into the fair lending performance of Fannie Mae and Freddie Mac , showing the agencies continue to back fewer loans to Black and Latino applicants, despite an uptick in applications submitted by those minorities. The regulator, which supervises Fannie Mae and Freddie Mac’s fair lending activities, said Black and Latino borrowers respectively represented 6.3% and 14.2% of all mortgages t

Lending 376
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How this mortgage investment corporation keeps a leg up in the industry

Mortgagebroker News

"We're really leaning into service"

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Freddie Mac: Equifax glitch may have impacted 12% of credit reports in three week period

Housing Wire

Equifax informed Fannie Mae and Freddie Mac last week that a “coding issue” may have resulted in erroneous consumer credit scores and credit data the company reported for about three weeks. It is not clear how many of Fannie Mae’s acquired mortgage loans were potentially impacted, but the problem could have affected credit data from March 17 to April 6.

Finance 397
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GPARENCY Taps Michael Stellrecht as Senior Analyst

Appraisal Buzz

Michael Stellrecht has joined GPARENCY , a commission-free commercial mortgage brokerage, as a senior analyst. Stellrecht most recently served as an assistant vice president and credit analyst for M&T Bank, where he was responsible for underwriting complex commercial real estate credit facilities for multifamily, office, industrial, flex, mixed-use, retail, hospitality and single-family properties.

Retail 150
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Housing inventory is still at a crisis level

Housing Wire

Blink and you’ll miss your dream home. So few single-family homes are for sale in America that just two months of inventory is available across the top 100 metro areas in the country, a historic low. That’s according to Black Knight , which just released a white paper that studies how long it would take to sell all the homes currently listed for sale in a given market based on a prevailing sales rate, if no new listings are added (a metric it calls “months of remaining inventor

Inventory 421