Mon.Mar 27, 2023

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Agile fintech firm executes first fully automated AOT transaction

Housing Wire

Agile , a Philadelphia-based fintech company focused on mortgage-backed securities (MBS), announced on Monday the execution of the mortgage industry’s first fully-automated Assignment of Trade (AOT) transaction. AOT transactions involve three counterparties — a mortgage originator, a mortgage investor, and a broker dealer — and are designed to transfer loan collateral and hedge positions to a mortgage investor.

Investors 441
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Dear Representative, FNMA Has Gone Rogue!

Appraiserblogs

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate property appraisal for lending purposes is nothing more than wanton recklessness that could have serious repercussions in the future. The truth of the matter is that appraisals are an essential part of any mortgage transaction and should not be taken lightly or eliminated without due consideration.

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Tech hub housing markets cool as industry turmoil dampens demand

Housing Wire

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. But with the tech sector in turmoil, a looming recession, and consistently elevated mortgage rates, that trend is now making an about-face. While bidding wars were common in tech hubs during the height of the pandemic, housing markets in these areas are cooling more rapidly than the markets in other parts of the nation, according to a

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ChatGPT for real estate data? It may be here sooner than you think.

Inman

Timely exploration, adoption and smart use of this technology will help real estate professionals do more with less and focus even more on creating an impeccable customer experience.

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Opinion: The risk from Fannie Mae’s mission creep

Housing Wire

At a time of high mortgage rates and inflation, the federal government — along with government-sponsored enterprises — is understandably under pressure to lower costs and make homeownership more accessible. We share the goal of improving housing affordability. However, any effort to lower housing costs should be responsibly examined for potential risks to consumers, lenders and the broader marketplace.

Insurance 306
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The 3 most requested home office features

Inman

There have been several instances within the past few years where the lack of a suitable office space has been the deal breaker for clients. Even if a home checks all the other boxes, office space can often be non-negotiable.

Clients 161

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Read Inman’s exclusive Roadmap to Real Estate’s Future

Inman

Brad Inman writes a letter to the real estate industry, published here in full, alongside the publication of Inman's Roadmap to Real Estate's Future that grew out of three days of conversations and insight at Disconnect 2023.

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First Citizens Bank to acquire Silicon Valley Bank

Housing Wire

First Citizens Bank & Trust Company will acquire failed Silicon Valley Bank (SVB), which unexpectedly failed earlier this month and sent shock waves across the financial sector. The North Carolina-based First Citizens announced on Monday an agreement with the Federal Deposit Insurance Corporation (FDIC) to acquire all of SVB’s deposits and loans that were moved to an FDIC-created bridge bank after the collapse.

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‘Great Reshuffling’ winds down as COVID hotspots and tech hubs cool

Inman

Cities in the West that saw prices soar during the pandemic are now cooling while metros in the Northeast and Midwest are showing more resilience, according to a new analysis.

Marketing 161
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Lamacchia Realty Receives Multiple Recognitions in REAL Trends 2023 Report

Lamacchia Realty

The Real Trends 500 has released its annual list ranking the top 500 brokerages in the United States. This list uses data compiled from the previous year, 2022. Lamacchia Realty once again made the list in multiple categories! This is the seventh year in a row that the company has ranked. Lamacchia Realty was ranked 213th by Closed Transaction Sides for 2022 among the 500 largest brokerages in the United States.

Realty 74
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Compass Houston founding member Garcia takes team to KW Luxury

Inman

Houston real estate veteran Haley Garcia has taken her seven-person team to Keller Williams. Garcia was with Compass from 2018 to early 2023 and generated $205.5 million in sales volume during her last two years with the brokerage.

Brokerage 155
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How to Find Affordable Investment Properties With Huge Potential

Mashvisor

A good way to succeed in real estate investing is to find affordable investment properties and rent them out as long or short term rentals.

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First Citizens BancShares to acquire SVB in FDIC-brokered deal

Inman

The deal includes the purchase of approximately $72 billion in loans at a discount of about $16.5 billion, along with the transfer of all of the bank's deposits totaling about $56 billion, according to the FDIC.

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An examination of appraisers’ non-lending skills

Valuation Review

The development of non-lending skills for appraisers.

Lending 78
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Side partners with marketing software company Evocalize

Inman

Evocalize describes its product as a "Collaborative Marketing Platform" that allows users to announce their services through an array of campaigns on Google, Facebook and Instagram

Marketing 155
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Does a manufactured home that has been moved more than once qualify for a loan?

Town & Country Residential Appraisals

If you plan on purchasing a property that is a manufactured home using financing, find out if the unit has been placed there from the manufacturer/dealer or if it was moved after previously being located at another location. In order to qualify for most lender financing, a manufactured home can only be moved ONE time- from the factory or dealer to its original location and permanently attached to an approved foundation system.

Finance 56
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Market shift highlights brokerage fundamentals

Inman

The recent market shift has been a "great equalizer," accentuating the differences among brokerage models and the importance of agent count.

Brokerage 155
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7 Ways Real Estate Investors Can Use ChatGPT

BiggerPockets

Artificial intelligence has been around for decades, but it seemed a lot more innocuous when it was just playing checkers.

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Inman Innovator Awards 2023: Nominations are officially open

Inman

Nominations are now open for the 2023 Inman Innovator Awards. The winners will be honored at Inman Connect Las Vegas, Aug. 8-10, 2023.

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An analysis of the 2023 mortgage financing space

Valuation Review

Reggora Appraisal Compliance and Initiatives director speaks to mortgage lending.

Finance 78
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CHALLENGE: Audit your online footprint in 7 days

Inman

In just one week, you can make sure that every platform where you have a profile is fully updated with this handy-dandy checklist.

Brokerage 155
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How do prices compare between Los Gatos, Saratoga, Cupertino and Palo Alto?

San Jose Real Estate

A look at the cost to buy a home with really good schools in Silicon Valley in 4 popular West Valley communities.

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CoreLogic acquires real estate marketing firm

Valuation Review

CoreLogic International recently entered into an acquisition agreement.

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Is getting a reverse mortgage in Canada a good idea?

Mortgagebroker News

A reverse mortgage may offer benefits, but it is important that you know the risks as well.

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What Is Net Operating Income (NOI) In Real Estate?

BiggerPockets

Net operating income (NOI) is a vital real estate profitability metric to help you calculate an investment property’s potential revenue.

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Cushman & Wakefield chooses Realquantum for solution delivery

Valuation Review

Cloud-based appraisal tools to help commercial valuation.

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Home loans for first time buyers in Canada: Everything you need to know

Mortgagebroker News

There are home loans out there for first-time buyers, usually in the form of government-backed incentives.

Buyers 60
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Clear Capital launches UDC

Valuation Review

Clear Capital announces product launch.

60
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Closing costs in Canada: How much and who should pay for them?

Mortgagebroker News

All you need to know about one of the final stages of the buying process

65
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ASA, Valutico partner

Valuation Review

ASA announces partnership.

60
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Commercial market: Which asset classes are thriving in 2023?

Mortgagebroker News

Specific sectors remain in high demand in the current environment

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How To Get A Mortgage As A Low-Income Borrower

BiggerPockets

A low-income home loan could be your answer to homeownership if you have below-average earnings. Unfortunately, insufficient income is why banks and lenders reject conventional mortgage applications.

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Affordability issues on the table in upcoming federal budget

Mortgagebroker News

Freeland promises ambitious goals and fiscal restraint

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The MOST Underrated Way to Get Started in Real Estate in 2023

BiggerPockets

There is an almost fool-proof way to invest in real estate in 2023.