Tue.Jan 25, 2022

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When Money Makes Itself

The Appraiser Coach

Idaho is a gorgeous state! I live in the backyard of the Teton Mountain Range and Yellowstone National Park, and I love going to the hills. Hiking through groves of. Read More.

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Opinion: Don’t shrink the GSEs’ market footprint ?

Housing Wire

The Community Home Lenders Association (CHLA), which represents small and mid-sized IMBs, just sent a letter to the Federal Housing Finance Authority (FHFA) , asking for tweaks to FHFA’s recently announced fee hikes on second home and high balance Fannie Mae and Freddie Mac loans. CHLA asked FHFA for targeted adjustments to the fee hikes to protect middle income borrowers.

Marketing 370
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What 2022 Holds for the Forbearance and Foreclosure Landscape

Appraisal Buzz

In a recent DS News-hosted webinar, housing experts discuss delinquency, strategies around exiting forbearance, and the projected status of the housing market for 2022. The post What 2022 Holds for the Forbearance and Foreclosure Landscape appeared first on DSNews. The post What 2022 Holds for the Forbearance and Foreclosure Landscape appeared first on Appraisal Buzz.

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‘Cash is king’ should be mantra for mortgage leaders

Housing Wire

By all accounts, most mortgage companies enjoyed a solid 2021 and likely generated decent cash over the last two years. But how that cash was conserved will dictate a company’s long-term viability. As we move forward into 2022, I believe cash will truly be king in the mortgage industry. There’s already been widespread margin compression with agency conventional products due to the declines in refinances, while government margins will likely start compressing soon as well.

Mortgage 370
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Technology Helps Fit Buyers Into Their Perfect Home

Appraisal Buzz

As time goes on habits change, fads appear and inexplicitly disappear seemingly as fast as they showed up, and yet one thing that seems determined to stick around is the internet. According to the National Association of Realtors (NAR), 41% of recent buyers start their home buying journey online with a record 95% of buyers utilizing the internet at some point during the search process.

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How will appraisal technology evolve in 2022?

Housing Wire

With the recent news about desktop appraisals, appraisal technology is top of mind for many. HousingWire recently spoke with Reggora co-founder and CTO Will Denslow about the role of technology in appraisal innovation. HousingWire: The FHFA announced late last year that desktop appraisals will become permanent, and Fannie Mae also just released guidelines regarding the change.

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Old Republic joins in on the title acquisition fun

Housing Wire

Another week, another sign of consolidation in the housing title industry. Old Republic Title announced Monday that its subsidiary, Old Republic National Title Insurance Company , acquired the operating assets of Mountain View Title & Escrow, Inc. on Friday. The financial terms of the deal were not disclosed. This acquisition adds nine office locations and 86 employees to Old Republic’s existing network that includes more than 270 branch and subsidiary office locations nationwide.

Insurance 361
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IDS Adds E-Vault to its E-Closing Solution

Appraisal Buzz

Mortgage document preparation vendor International Document Services (IDS) has released its e-vault, expanding the capabilities of its e-closing platform, Solitude Solution. With the addition of the e-vault to Solitude Solution, mortgage lenders now have the ability to deliver documents, including e-notes, to partners though Mortgage Electronic Registration Systems, Inc.

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Impacts of Rising New Home Costs

Eyes on Housing

Only 15% of buyers were looking for a newly-built home at the start of 2018, but that share shot up to 42% by the final quarter of 2020 (after the start of the pandemic). Since then, however, interest for new construction has fallen steadily, as costs for building materials – especially lumber – have experienced double-digit growth. By the final.

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Deephaven Mortgage Launches New Jumbo-Prime Loan Product

Appraisal Buzz

Deephaven Mortgage , a full service, multi-channel, long-term credit provider in the non-QM space, has rolled out a new jumbo-prime loan product to help mortgage bankers and brokers compete for high-net-worth borrowers whose needs exceed 2022 conforming loan limits. Deephaven is now providing loans of up to $3 million for primary residences, second homes and investment properties (such as two- to four-unit homes) with flexible terms including maximum LTVs of 89.99% for loans up to.

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What’s New in Appraisal Membership: January 2022

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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House Price Index Rose 17.5% from Last Year, FHFA Reports

Appraisal Buzz

House prices rose nationwide in November, up 1.1% from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI). House prices rose 17.5% from November 2020 to November 2021. The previously reported 1.1% price change for October 2021 remained unchanged. For the nine census divisions, seasonally adjusted monthly house price changes from October 2021 to November 2021 ranged from +0.5% in the West North Central division to +1.9%.

Finance 195
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What Is The Ideal Rate Of Return On A Rental Property?

Mashvisor

If you are someone looking to get into the real estate investing business or are currently an investor, rental properties in real estate investing can be one of the most…

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What 2022 Holds for the Forbearance and Foreclosure Landscape

Appraisal Buzz

In a recent DS News-hosted webinar, housing experts discuss delinquency, strategies around exiting forbearance, and the projected status of the housing market for 2022. The post What 2022 Holds for the Forbearance and Foreclosure Landscape appeared first on DSNews. The post What 2022 Holds for the Forbearance and Foreclosure Landscape appeared first on Appraisal Buzz.

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Lamacchia Realty Ranked #1 Independent Brokerage in 3 Office Towns for 2021

Lamacchia Realty

Lamacchia Realty ranked Number One Independent Brokerage by market share in Leominster , Hudson , and Worcester.* Additionally, Lamacchia Realty was ranked the #1 Real Estate Brokerage overall in Leominster! Read the details of each ranking by click the corresponding button below! Lamacchia Realty Ranked #1 Brokerage in Leominster. Lamacchia Realty Ranked #1 Independent Brokerage in Hudson.

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Home Prices Rise in November

Appraisal Buzz

More than half of the 20 markets reported by S&P CoreLogic Case-Shiller experienced increased price growth in November, particularly in the nation’s warmer markets. The post Home Prices Rise in November appeared first on theMReport.com. The post Home Prices Rise in November appeared first on Appraisal Buzz.

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Lamacchia Realty Ranked #1 Independent Brokerage in Hudson for 2021

Lamacchia Realty

With less than two years under its belt, we are proud to share that our Hudson branch office was the #1 Independent Real Estate Brokerage and Office in Hudson for Closed Sales Dollar Volume and Transaction market share in 2021*. The office first opened in July in 2020 and closed out the year with 44 sales. Fast forward to 2021, and despite a challenging market , our Hudson office grew 313% with an astounding 128 sales!

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HUD Awards $83 Million to Indian Communities

Appraisal Buzz

As part of the Biden Administrations commitment to deliver equitable COVID-19 relief to tribal communities, the U.S. Department of Housing and Urban Development (HUD) has announced another disbursement of American Rescue Plan funds to 74 Tribal communities totaling $83 million. The awards, which are funded through the Indian Community Block Grants of the American Rescue Plan, are the third in a series to various tribal nations and entities which are intended to … The post HUD Awards $83 M

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Key West Airbnb: Why and Where Should You Invest?

Mashvisor

Key West Airbnb properties have always been top picks for investors for being a popular destination. But is it still worth investing in 2022?

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When Money Makes Itself

Appraisal Buzz

Idaho is a gorgeous state! I live in the backyard of the Teton Mountain Range and Yellowstone National Park, and I love going to the hills. Hiking through groves of … Read More. The post When Money Makes Itself appeared first on Appraisal Buzz.

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Lamacchia Realty Ranked #1 Independent Brokerage in Worcester for 2021

Lamacchia Realty

Lamacchia Realty Worcester was the #1 Independent Real Estate Brokerage and Office in Worcester for Closed Sales Dollar Volume and Transaction market share in 2021*. This is the fourth year in a row that our Worcester Office has achieved a top ranking in the city. The Worcester Branch is the largest office in the company and its REALTORS ® continue to raise the bar in many ways.

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What’s New in Appraisal Membership: January 2022

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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40 Best Cities for Airbnb Rental Income in 2022

Mashvisor

If you are interested in the real estate investment market, Airbnb properties are where you should look for investing.

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Migration Trends: From Metro to Metro

Appraisal Buzz

According to a new report from Redfin, some 31.2% of their users nationwide looked to move to a different metro in Q4 of 2021. That number is down from the record-high of 31.5% set in Q1 of last year, but still up significantly from pre-pandemic levels, with 26.3% of Redfin users also looking to relocate in Q4 of 2019. Homebuyer interest in relocating to a new part of the country rose with the onset of … The post Migration Trends: From Metro to Metro appeared first on DSNews.

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Housing Market Affordability Has Crossed a Concerning Threshold in the U.S.

BiggerPockets

The fact that mortgage rates are starting to rise should come as no surprise. What is surprising, though, is how quickly rates have risen. And, as a result, housing affordability—which I believe is one of the two most important indicators to watch in 2022—is taking a big hit. .

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Homebuyer Relocation Nears Pandemic Peak

Appraisal Buzz

According to a new report from Redfin, some 31.2% of their users nationwide looked to move to a different metro in Q4 of 2021. That number is down from the record-high of 31.5% set in Q1 of last year, but still up significantly from pre-pandemic levels, with 26.3% of Redfin users also looking to relocate in Q4 of 2019. Homebuyer interest in relocating to a new part of the country rose with the … The post Homebuyer Relocation Nears Pandemic Peak appeared first on theMReport.com.

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Canada stress test should be lowered: brokerage president

Mortgagebroker News

The executive says the qualifying rate increase has been punitive to homebuyers and negatively affected the market

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American Advisors Group Name Ed Robinson President and COO

Appraisal Buzz

American Advisors Group (AAG), has named Ed Robinson as their new President and COO. The move is the latest phase in a series of high-profile leadership acquisitions as part of AAG’s 2022 growth and expansion plan. Robinson, a tenured mortgage industry executive and U.S. Army veteran, will be responsible for day-to-day operations of AAG, including managing Profit … The post American Advisors Group Name Ed Robinson President and COO appeared first on DSNews.

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Canada house prices – how will they grow in 2022?

Mortgagebroker News

Even rate increases might not curb the housing market’s enthusiasm, according to Statistics Canada

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Rookie Podcast 151: 28 Units as a Full-Time Surgeon and Escaping the “Golden Handcuffs” w/ Daniel Shin

BiggerPockets

Most people assume they’ll achieve financial freedom after they make their dream salary, but what they don’t realize is you can’t out-earn your toxic money habits. Today’s guest, Daniel Shin, […].

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Family first: How HomeEquity Bank's CHIP reverse mortgage helps clients help loved ones

Mortgagebroker News

Ongoing economic uncertainty driving force behind Canadians 55+ leveraging equity to support adult children

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Updating Your Landscaping

Eppraisal

Even though it's the middle of winter, it is not too early to start thinking about spring. Get creative on those long, cold nights and start planning and improvement plan for your landscaping. Updating your landscaping and improving its curb appeal will add to your home value. Small projects each year and annual maintenance will save you from costly repairs and projects if you let it go too long without tending to.

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Will declining consumer confidence impact the mortgage market?

Mortgagebroker News

New polling shows Canadians are becoming increasingly downbeat about the economic outlook

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Homes May Look Nice … but What About the Sounds, Smells and Contaminates?

Will Springer Realtor

There is often anticipation when visiting a residence in search of a dream home. Buyers tend to use their eyes to first capture the excitement of exploring rooms and discovering their features. What visitors may be missing, however, are the sounds, smells and other sensory aspects of the home that may go unnoticed until after having moved in. Instead of letting their eyes do all the work, buyers should take an all-senses approach when touring a home.

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