Housing Wire
APRIL 27, 2022
Michigan-based Flagstar Bancorp , Inc. , parent company of Flagstar Bank , has reduced its mortgage staff by 20% since the calendar turned to 2022, laying off 420 employees amid a significant drop in origination volumes and margins. Overall, the bank’s net income in the first quarter of 2022 dropped 60.4% from the prior quarter, to $53 million.
Appraisal Buzz
APRIL 27, 2022
Valuation Expo will be hosted at the Mirage Hotel , September 7-9! Check out our new sessions with leaders in the industry and gain valuable knowledge while having all the fun Vegas has to offer! Get up to 21 Hours of Continuing Education and an optional 7 hours of USPAP! There are plenty of new sessions to keep you updated in the industry, such as our Great Debate panel that was so popular last year with a brand new topic.
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Housing Wire
APRIL 27, 2022
Better.com CEO Vishal Garg. Struggling to cope with the rising mortgage rate landscape, mortgage lender Better.com reported a loss of $303.8 million in 2021, a stark contrast to its profitable nonbank peers. According to an amended S-4 filed by its special purpose acquisition company Aurora Acquisition Corp. with the Securities and Exchange Commission (SEC) on Monday, the earnings deterioration resulted from increasing interest rates, higher costs to support purchase loans, and investments to ex
George Dell
APRIL 27, 2022
The current residential form (the URAR) neighborhood section is well designed – for data the way it was 40 years ago, filled in on a typewriter, with no software ability to summarize, graph, or map data. Do We Need a Neighborhood Section? Part I is here. As complete market data was rarely available, (and difficult […]. The post Do We Need a Neighborhood Section?
Housing Wire
APRIL 27, 2022
Interest in residential mortgage loans fell 8.3% for the week ending April 22, including a sharp decline in purchase applications, which indicates a potential weakness in home sales in the coming months, according to the Mortgage Bankers Association ‘s (MBA) latest survey. Mortgage rates are now firmly above the 5% mark , at the highest level since 2009, depressing both purchase and refinance applications.
Appraisal Buzz
APRIL 27, 2022
According to the new data released by the Federal Reserve Bank of Philadelphia, it’s predicted that roughly 2.15 million mortgages are either in forbearance or past due, with an estimated 630,000 of those mortgages still in forbearance as of April 7. Forbearances and seriously delinquent loans continue to decline compared to pre-pandemic levels, attributable to … The post On Mortgage Forbearance and Delinquencies appeared first on DSNews.
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Appraisal Buzz
APRIL 27, 2022
Pending home sales dropped in March, signifying five straight months that contract activity has declined, according to the National Association of Realtors. Month-over-month, only the Northeast saw an increase in contract signings, while the three other major U.S. regions experienced declines in transactions. All four regions reported decreases in year-over-year contract activity.
Housing Wire
APRIL 27, 2022
Out of sheer necessity when the pandemic hit, RON and other digital closing solutions saw a massive uptick in use. However, Nathan Bossers, president of Boston National Title, said the changes and acceleration the industry saw during this time still isn’t enough. . “Two years ago when the lockdown first started happening and there was real fear in the marketplace that lenders weren’t going to be able to sign a loan, I think everyone rushed to the RON and as a potential solution and began to educ
Appraisal Buzz
APRIL 27, 2022
It seems that rising interest rates and record-high home prices are finally starting to affect the market as fewer homes received competing bids in March than they did in February. According to Redfin, an online real estate brokerage, 65 percent of homes received a competing bid during the selling process in March 2022, down 1.7 … The post Rising Prices, Rates, Finally Affecting the Market?
Housing Wire
APRIL 27, 2022
First Community Mortgage ‘s wholesale division named a new regional sales manager in hopes to continue growth for the firm’s mortgage boutique division. Murfreesboro, Tennessee-based firm tapped Jeff Raich for the position, FCM said Wednesday in a release. Raich has been in the mortgage lending business for more than 25 years and focused on Third-Party Originator after earning a bachelor’s degree in finance from Southern Illinois University, Carbondale, according to the firm.
Appraisal Buzz
APRIL 27, 2022
Home prices nationwide rose nearly 20% in February, as buyers tried to get ahead of anticipated rate hikes, led by markets in the South and Southeast. The post Double-Digit Listing Price Growth Continues appeared first on DSNews. The post Double-Digit Listing Price Growth Continues appeared first on Appraisal Buzz.
Housing Wire
APRIL 27, 2022
Amid a challenging time for would-be homebuyers, FinLocker released an updated web experience that aims to make it easier for consumers to see their progress in qualifying for a mortgage loan. The main feature of the firm’s web v3.0 includes the redesign of the dashboard to make frequently used financial tools easier to access for all consumers. “For those focused on buying a home, we organized the mortgage preparation tools to simplify the process of monitoring their progress towards mortgage r
Appraisal Buzz
APRIL 27, 2022
Newrez LLC, or “Newrez”, the “Company”, announced it the appointment of Neenu Kainth as Chief Digital Officer. Ms. Kainth steps into her new role with more than 20 years of proven experience driving digital transformations at Fortune 500 companies. She has a keen expertise in building customer solutions through technology and product management, positioning her … The post Newrez Names Neenu Kainth CDO appeared first on DSNews.
DW Slater Company
APRIL 27, 2022
Azalea District, Tyler, TX. “Winter’s done, and April’s in the skies, Earth, look up with laughter in your eyes!” Charles G. D. Roberts. It has been an unusual April in North Texas this year and one of the windiest on record! The picture above was taken in the Azalea District in Tyler, TX a day before high winds came through and uprooted many trees in the area.
Eyes on Housing
APRIL 27, 2022
The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 65.4% in the first quarter of 2022, which is statistically unchanged from the last quarter reading. The national homeowner vacancy rate slipped to a record low of 0.8%, while the rental vacancy rate increased to 5.8%. The covid-induced data collection restrictions have ended in all areas as.
McKissock
APRIL 27, 2022
Being a mother is a full-time job, but for moms who work in real estate, it can feel like having two full-time jobs at once! This Mother’s Day, show the real estate agent mother in your life some appreciation with these eleven gift ideas. For the real estate mom/wine enthusiast . This wine tumbler is perfect for the mom who enjoys a glass (or two) at the end of a long day of showing homes.
Eyes on Housing
APRIL 27, 2022
NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals that conventional loans accounted for 78.5% of new home sales in the first quarter of 2022, the highest share in more than a decade. Conventional loans financed over three-quarters of new home sales in the second quarter of 2008 before steadily falling and bottoming out at 57.3%.
Mashvisor
APRIL 27, 2022
Finding the right investment property can be complicated. It is why different platforms provide an Airbnb income calculator for investors. Table of Contents What Is Airbnb? ??
San Jose Real Estate
APRIL 27, 2022
Close to the Los Gatos border but in San Jose with the 95124 zip code, the Lone Hill Highlands neighborhood enjoys a central neighborhood park, great access to major commute routes, the highly regarded Noddin Elementary School adjacent to one border, plus shopping and dining venues nearby. Where is the Lone Hill Highlands neighborhood? The […].
Mashvisor
APRIL 27, 2022
Washington – According to the US Treasury, the remaining rental aid budget for struggling US renters is expected to be exhausted by the summer of 2022.
Mortgagebroker News
APRIL 27, 2022
Collaboration with partners and clients in the homebuying process are essential, says title insurance giant's CFO
Mashvisor
APRIL 27, 2022
Expand your knowledge on the most suitable ways to use Airbnb analytics to increase revenue regarding your short-term investment property.
BiggerPockets
APRIL 27, 2022
The real estate market is still as hot as its ever been. Despite rising interest rates over the past few months, the market continues to set new records. Many anecdotes point to it […].
Mashvisor
APRIL 27, 2022
Airbnb data analysis plays a very important role when investing in vacation rental properties. Investors should not take it for granted.
Mortgagebroker News
APRIL 27, 2022
Current macroeconomic and geopolitical trends are rapidly exhausting Canadians' finances
BiggerPockets
APRIL 27, 2022
If you want to invest in real estate, you’re probably taking a safe, slow approach to building a rental property portfolio. As a real estate rookie, people tell you that […].
Mortgagebroker News
APRIL 27, 2022
The move sees the bank's products become available to all of the network's brokers across the province
Assurance Financial
APRIL 27, 2022
Assurance Financial Earns Spot in the Top 10 Mortgage Companies for Customer Satisfaction in 2021. BATON ROUGE, LA – April 27, 2022. Experience.com has named Assurance Financial one of America’s top-ten medium-sized lenders in 2021 for customer satisfaction after receiving a 4.92 average rating on nearly 6,000 reviews. Assurance Financial is also proud to announce that seven of our originators placed in the top 1% of Loan Officers in the country for customer satisfaction.
Mortgagebroker News
APRIL 27, 2022
The change simplifies the mortgage process for Ratehub's clients, company officials say
Housing Wire
APRIL 27, 2022
Homeownership in America was a dream that became a nightmare for some during the financial crisis, and then became a hot topic of conversation for the last several years. We’ve got fresh data on homeownership — how does it look today? It seems perfectly right to me if you believe in demographics, affordability and credit profiles. In the previous expansion, I always stressed that housing would have its weakest recovery from 2008 to 2019.
Mortgagebroker News
APRIL 27, 2022
The Ontario NDP's plan takes aim at the major factors spurring home price growth
Housing Wire
APRIL 27, 2022
The Federal Housing Finance Agency today released Fannie Mae and Freddie Mac ’s long-awaited duty to serve underserved markets plans. In the plans, both government-sponsored enterprises explain how they will provide financing for manufactured and rural housing, and support affordable housing preservation. Although the lesser of the two government-sponsored enterprises by size, Freddie Mac was alone in committing to purchasing manufactured homes not titled as real property, or chattel loans, a ke
Mortgagebroker News
APRIL 27, 2022
However, signs of a generalized market slowdown are looming, observers warn
Housing Wire
APRIL 27, 2022
Tuesday, the new home sales report for March came in as a miss of estimates at 763,000, but the revisions were all positive, which shows that the housing data is still lagging behind the current market reality. That data shows how housing was still on pace to have another solid year before mortgage rates got over 5%. The most recent housing starts data on permits and starts side of the equation was fine this month, but it also lagged the current rates environment.
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