Tue.Oct 11, 2022

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Mortgage Coach integrates with Insellerate

Housing Wire

Mortgage Coach , a mortgage platform that enables lenders to educate borrowers with home loan presentations, announced that its platform will be integrated with Insellerate, a customer relationship management (CRM) platform. The integration streamlines the sales process by enabling loan officers to generate and customize total cost analysis loan presentations with contact data directly from the Insellerate customer relationship management and lead management dashboard, Mortgage Coach said.

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Educated Millennials Fueling Homeownership Demand

Appraisal Buzz

According to the latest analysis from First American Financial, education is one of the main, long-term drivers that are fundamental to housing demand that will gradually position the housing market to rebound from current challenging economic conditions. The post Educated Millennials Fueling Homeownership Demand appeared first on Appraisal Buzz.

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Lenders One opens first branch inside a Walmart

Housing Wire

The first Walmart -based in-store branch from retail mortgage cooperative Lenders One opened this week in Newton, New Jersey. And two additional mortgage branches are expected to open in Walmarts in New Jersey and Florida within the next 30 days. Family First Funding , a Toms River, New Jersey-based retail lender, opened a branch in the Walmart in Newton on Monday, Lenders One said in a statement.

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Q2 First-Lien Mortgage Performance Improves YoY

Appraisal Buzz

Despite rising prices and speculation about looming recession, the Office of the Comptroller of the Currency reports that the performance of first-lien mortgages held by the federal banking system improved throughout the course of Q2 2022. The post Q2 First-Lien Mortgage Performance Improves YoY appeared first on Appraisal Buzz.

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Crypto outfit Moon Mortgage raises $3.5M seed round

Housing Wire

Moon Mortgage, a crypto-backed mortgage provider, on Tuesday announced raising a $3.5 million seed round, led primarily by Cadenza Ventures and CoinFund. The funds will be utilized to finance its lending product, CryptoMortgage. Moon Mortgage’s CryptoMortgages will allow investors to take out loans against their digital assets. The product also takes the investors’ digital assets as collateral and gives 100% financing for investment properties.

Mortgage 378
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FHFA Proposes Rule to Assist U.S. Border States

Appraisal Buzz

New amendments seek to remove barriers to the FHFA’s Enterprise Duty to Serve activities in high-needs rural regions of the nation’s southern border states. The post FHFA Proposes Rule to Assist U.S. Border States appeared first on Appraisal Buzz.

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More Trending

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Nearly a Million Americans Fear Losing Their Home to Foreclosure

Appraisal Buzz

With many households unable to afford necessary expenses as a result of rising rates and inflated home prices, a recent study from LendingTree revealed that many American homeowners report being worried about or likely to leave their home due to foreclosure in the next two months. The post Nearly a Million Americans Fear Losing Their Home to Foreclosure appeared first on Appraisal Buzz.

Appraisal 195
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Reinventing lead generation with the Qualified Borrower program

Housing Wire

The mortgage industry needs to face the facts: today’s approach to lead generation is broken. For decades, mortgage lenders have relied on purchased lead lists to ferry in loan revenue. Unfortunately, purchased leads are expensive, and their lofty price tag does not guarantee they will convert to closed loans. Lenders can shell out lots of cash just to get a list of “tire kickers” who are not actually primed to buy a home.

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Spotlighting Moonlighting

Appraisal Buzz

This might seem counterintuitive, but when your business is growing and you are finding new clients, that’s the best time to start dabbling in a new side hustle apart from … Read More. The post Spotlighting Moonlighting appeared first on Appraisal Buzz.

Clients 195
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AEGIS Land Title acquires Capital Title of Washington

Housing Wire

AEGIS Land Title Group last week announced the acquisition of Capital Title of Washington , a boutique independent title and escrow provider operating in the greater Seattle area. Terms of the deal between AEGIS, which is owned and operated by Paul and Julie Hofmann, and Capital Title, a subsidiary of Shaddock National Holdings , were not disclosed.

Insurance 335
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Residential Building Wage Growth Slowing

Eyes on Housing

Average hourly earnings for residential building workers* continue to rise in August but at a slower pace. Wage growth has retreated from the highest rate of 2021. The recent housing slowdown indicates that, while labor demand is still high, employers are cautious about hiring amid a slowing economy and rising interest rates. According to the Bureau of Labor Statistics (BLS).

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Wells Fargo Workers Went on Appraisal-Fraud Bender

Appraiserblogs

Loan officers at Wells Fargo altered values in the bank’s database, so loans would qualify for so-called appraisal waivers… It feels like Ground Hog Day all over again. Who can forget the Wells Fargo banker who, stressed from opening fraudulent accounts in the name of hapless depositors, had begun guzzling hand sanitizer? That was in 2016. New revelations from the nation’s second-largest mortgage lender will make the U.S. taxpayer want to take a good long pull on the nearest bottle of hand wash.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer.

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Now Available: Create Customizable, No-Code Workflows to Automate Common Tasks

GoForrmz

No-Code Workflows are available in all GoFormz subscription tiers The Workflows feature is now available to all GoFormz users, empowering them to build a Workflow from scratch and customize Workflow Recipes. What is a Workflow ? A Workflow is a repeatable automated process. You use Workflows to automate processes like emailing forms and uploading completed forms to connected applications.

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How To Think Like A Successful Real Estate Investor

BiggerPockets

When I first started investing in real estate, I thought I knew what I was doing. I had not heard of BiggerPockets at the time, but I’m pretty handy with […].

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The standoff between homebuyers and sellers

Housing Wire

There’s a showdown at the housing market corral between homebuyers and sellers. (Image by Brandon Johnson/HW Media.). When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

Sellers 504
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Tiny Homes, Huge Profits: $6,000 a Month from 1 Property!

BiggerPockets

Life is unpredictable, and there’s no way to get around that. Instead, you have to learn to pivot and accept where you are, so you can get to where you’re […].

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Exec on the benefits of a diverse leadership

Mortgagebroker News

"I don't necessarily think that it's about how many women and how many men you have sitting around your table"

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Spotlighting Moonlighting

The Appraiser Coach

This might seem counterintuitive, but when your business is growing and you are finding new clients, that’s the best time to start dabbling in a new side hustle apart from. Read More.

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CMHC announces winning solutions in round two of the Housing Supply Challenge

Mortgagebroker News

The solutions aim to remove or reduce the barriers that hinder housing supply, Crown corporation says

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Preparing for – and Reacting to – a Home Utility Emergency

Will Springer Realtor

You’re hosting a large gathering for a special event – birthday, graduation, Thanksgiving – and the house is packed with friends and relatives. Two TVs are playing the big game in the background, lights are on in every room and the dishwasher is running the first of a few cycles on this busy day. Then, poof! , the electricity goes out. What to do?! Losing power to the home is likely the least of your many potential home utility worries.

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The Canadian Mortgage Summit – what to expect

Mortgagebroker News

There's still time to register for what’s sure to be an invaluable event for all mortgage professionals

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The State of Commercial Real Estate in Towson, MD

Willowbrook Valuation

Being situated in the heart of the mid-Atlantic area allows the Willowbrook Valuation team to maintain a firm grasp on the state of commercial real estate in the area. Over the course of this year, we’ve been offering our sentiments for several submarkets in the Baltimore and DC area, and we’re back at it again […]. The post The State of Commercial Real Estate in Towson, MD appeared first on Willowbrook Valuation & Advisory Services.

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CMHC on the segment that could help boost housing supply significantly

Mortgagebroker News

The federal government cannot ensure availability and affordability on its own, Crown corporation says

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Altering Your Expectations -- Part 1

Eppraisal

The velocity of change over the last few years -- in the culture, economy and government -- is head-spinning. Inflation is affecting household cash flow; older social values are jettisoned in favor of new ones; and the world seems to be on the brink of geo-political collapse. Navigating life amidst these volatile changes is challenging but not impossible.

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Avison Young highlights hotel segment's sharp recovery

Mortgagebroker News

Current conditions in the market are a far cry from the doldrums seen during the peak of the pandemic

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FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

At what point will mortgage interest rates peak? That’s the million-dollar question and the answer is closely tied to the government’s ability to stem inflation, which makes the cost of our question closer to $1,085,000. Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment.

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Magnitude of housing supply problem surprising, says CMHC

Mortgagebroker News

Affordable housing starts in three of the country's largest provinces are set to miss targets

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Toronto rent rates likely to continue soaring, brokers say

Mortgagebroker News

The market has seen its rent rates increase by around 20% annually

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RBC on the current state of the home-buying market in Canada

Mortgagebroker News

Sales activity and prices are seeing notable drops in major markets

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Mortgage stress test: real estate professionals weigh in

Mortgagebroker News

Is it time to lower the qualifying rate?

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Is the lumber market crashing?

Mortgagebroker News

Expect further volatility before the end of the year

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Sherry Cooper: Latest employment numbers justify BoC's current strategy

Mortgagebroker News

Labour market strength was readily apparent across the major North American economies

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Are employers failing to utilize the power of the office?

Mortgagebroker News

How to take on the challenge of engaging younger workers

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