Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand.

Housing Market 417

Housing Market Marketing Loan Officers Mortgage 417

Appraisal Buzz

JUNE 16, 2022

Mortgage Capital Trading (MCT), a mortgage hedge advisory and secondary marketing software firm, has introduced a new technology for mortgage servicing rights (MSR) buyers to produce more granular pricing for mortgage servicing. The feature leverages an application programming interface (API) to connect MSRlive!, MCT’s state-of-the-art MSR valuation platform to clients’ systems for more precise and accurate loan-level pricing in real time.

Technology 363

Technology Mortgage Valuation Clients 363

Housing Wire

JUNE 16, 2022

Fannie Mae lowered its projections of mortgage originations and home sales for 2022 as mortgage rates continue to climb. Fannie Mae’s Economic and Strategic Research (ESR) Group revised its projected mortgage origination volume to $2.6 trillion in 2022 and $2.2 trillion in 2023. In May, Fannie Mae dropped its mortgage origination volume projection for 2022 to $2.7 trillion and $2.25 trillion for 2023, down from the respective $2.8 trillion and $2.41 trillion projected the previous month. .

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Valuation Mortgage Marketing 395

Appraisal Buzz

JUNE 16, 2022

Mitchell Sandler is excited to announce the addition of Liana Prieto as a partner. Liana brings over 15 years of experience in financial services in both the private and public sectors to Mitchell Sandler, where she will continue to serve as a trusted advisor to boards of directors and a business partner to management teams. “It’s an exciting … The post Mitchell Sandler Announces Appointment of Liana Prieto as Partner appeared first on DSNews.

Business 195

Business Appraisal 195

Housing Wire

JUNE 16, 2022

Fannie Mae and Freddie Mac plan to charge a new 50 basis-point fee for certain structured-finance offerings that use co-mingled agency securities as the underlying collateral. . The fee will apply to securities issued through structured-finance offerings known as Supers, and separately, real estate investment conduits (REMICs). Through these vehicles, the uniform mortgage-backed securities (UMBS) of one government-sponsored enterprise (GSE), such as Fannie Mae, are co-mingled with UMBS from t

Finance 383

Finance Design Investing Government 383

Appraisal Buzz

JUNE 16, 2022

Mitchell Sandler is excited to announce the addition of Liana Prieto as a partner. Liana brings over 15 years of experience in financial services in both the private and public sectors to Mitchell Sandler, where she will continue to serve as a trusted advisor to boards of directors and a business partner to management teams. “It’s an exciting … The post Mitchell Sandler Announces Appointment of Liana Preto as Partner appeared first on DSNews.

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Appraisal Buzz

JUNE 16, 2022

The compounding effects of elevated inflation and higher interest rates are expected to further weigh on economic growth and home sales as the year progresses, with full-year 2022 growth now forecast at a slightly reduced 1.2% and expectations of a late-2023 modest economic contraction unchanged, according to the June 2022 commentary from the Fannie Mae (FNMA/OTCQB) Economic and Strategic Research (ESR) Group.

Contracts 195

Contracts Appraisal 195

Housing Wire

JUNE 16, 2022

Purchase mortgage rates climbed 55 basis points, reflecting surging inflation and the Federal Reserve ‘s (The Fed) tightening monetary policy. According to the latest Freddie Mac PMMS, purchase mortgage rates this week averaged 5.78%, compared to 5.23% the week prior. A year ago at this time, 30-year fixed rate purchase rates were at 2.93%. “Mortgage rates surged as the 30-year fixed-rate mortgage moved up more than half a percentage point, marking the largest one-week increase in our surv

Mortgage 370

Mortgage Housing Market Government Inventory 370

Appraisal Buzz

JUNE 16, 2022

Breaking down the barriers of communication is key in the loss mitigation process for any servicer, and Amy Neumann of Flagstar discusses what her firm is doing to re-establish these vital lifelines for many borrowers. The post Boosting Borrower Responsiveness in a Time of Crisis appeared first on DSNews. The post Boosting Borrower Responsiveness in a Time of Crisis appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Housing Wire

JUNE 16, 2022

The pain in the housing industry caused by spiking interest rates isn’t shared by all sectors — specifically the mortgage-servicing rights (MSR) market. The MSR market has made a strong showing during the first half of the year, despite the market tumult. Recently, two MSR sales offerings were announced by two separate advisory firms, which together are valued at more than $1.4 billion.

Mortgage 370

Mortgage Sellers Training Brokerage 370

Appraisal Buzz

JUNE 16, 2022

Hiring the right people can make or break a company and 2021 saw one of the most competitive job markets in recent memory. A true jobseekers market, more than 20 million people quit their jobs in the second half of 2021 according to the Bureau of Labor and Statistics end of year jobs report. The … The post Hiring New Talent Takes More than Money appeared first on DSNews.

Appraisal 150

Appraisal Marketing 150

Housing Wire

JUNE 16, 2022

Proptech HomeLight raised $115 million in capital and acquired Accept.inc. , despite a challenging mortgage market in which real estate brokerages are laying off staff. The Scottsdale, Arizona-based company secured $60 million in equity and $55 million in debt financing, according to a Thursday news release from the firm. “We’ll use the $115M in equity and debt capital to continue to fuel operations and meet the high demand from top agents for our flagship financial products, HomeLight Cash Offe

Brokerage 370

Brokerage Real Estate Lending Clients 370

Appraisal Buzz

JUNE 16, 2022

New data shows Americans are as baffled by how real estate works as they are about cryptocurrency. According to a new Zillow survey, the study finds most Americans know more about celebrity love lives, the Kardashians, and the NFL than they know about the basics of buying a home. In the nationwide survey, the typical … The post Consumer Celebrity Knowledge Outpaces Understanding of Real Estate Basics appeared first on DSNews.

Real Estate 195

Real Estate Appraisal 195

Housing Wire

JUNE 16, 2022

The Mortgage Bankers Association (MBA) nominated Laura Escobar, president of Lennar Mortgage to serve as vice chair for the 2023 membership year. Her term will begin in October, in which she will be sworn in at the association’s 109th annual convention in Nashville, Tennessee, the MBA said Wednesday. Escobar’s background will ensure members’ “commitment to advancing homeownership and affordable rental housing opportunities nationwide,” said Kristy Fercho, 2022 MBA chair a

Property Management 369

Property Management Real Estate Mortgage Lending 369

DW Slater Company

JUNE 16, 2022

When I was a young poor college student, I got a speeding ticket. When the officer asked me how fast I was going, I told him truthfully that I didn’t know. You see my speedometer had stopped working in my car and I didn’t have the extra funds to fix it so I just drove along with everyone else. Well, in this case, everyone else was speeding. I was the lucky gal that got the ticket.

Supply Chain 159

Supply Chain Real Estate Investors Appraisal 159

Raleigh Realty

JUNE 16, 2022

The fun doesn't stop once the sun goes down in Raleigh. With so many places in each neighborhood to choose from, it’s hard deciding where to start your night off. To take the guesswork out of your next night out, we put together a guide to the 34 best bars in Raleigh. Our team of Raleigh locals has put our heads together to share our top recommendations, so it’s easy to take your next date night or outing with friends to the next level.

Decorating 104

Decorating Modernization Design Business 104

Empire Appraisal Group

JUNE 16, 2022

New Yorkers and Californians Flock to Florida. By Kelly Hayes. Fla. rents are up because demand is up, and new residents boost demand. In 2020, 167 people moved in for every 100 who left. In 2021, the inbound number was 210. MIAMI – In Florida’s top metros, rents have risen by 24% to 32% in a year. Usually, rents swing by about 1% or 2% per year. New Yorkers and Californians are flocking to the Sunshine State, with Florida reporting the largest year-to-year increase in net migration among all U.

Insurance 78

Insurance Home Value Property Taxes Real Estate 78

The Robert Weiler Company

JUNE 16, 2022

Buying commercial real estate is one thing – it requires maintenance and upkeep. Buying hunting land for sale in Ohio, however, is an entirely different situation. Not only does it require maintenance and upkeep for human standards, but if the buyer wants to use it for its intended purpose (you know, hunting) then it needs to be both prepared and maintained for deer.

Real Estate 78

Real Estate Buyers Land Management Inspection 78

GoForrmz

JUNE 16, 2022

Make your digital forms interactive with Dynamic Field Properties and Automatic Calculations Digital forms have evolved into one of the most powerful tools of the modern workplace. Digital forms offer a wide variety of features and functionalities, including Automatic Calculations. Calculations allow Template builders to easily add simple, yet powerful logic to their digital forms including: Default Values: A value that automatically appears in a field when a form is generated.

Modernization 78

Modernization Tools 78

Lamacchia Realty

JUNE 16, 2022

We are proud to share that 14 of our REALTORS ® have been ranked on the 2022 RealTrends America’s Best Real Estate Professionals. The list includes almost 24,000 U.S. real estate sales associates from every state. Real Trends states the agents listed are the top 1.49% of more than 1.6 million licensed REALTORS® nationwide! Individual Sales Volume Ranking.

Realtors 69

Realtors Realty Real Estate Tools 69

Mashvisor

JUNE 16, 2022

The process of buying a house might come as second nature to most career investors. But for a beginner investor, it can be a terrifying idea.

Investing 69

Investing Investors Inspection 69

Lamacchia Realty

JUNE 16, 2022

BUY NOW TO BE IN YOUR NEW HOME BY THE START OF SCHOOL. At this time of the year, the weather is getting warmer, pools are open , and kids are finishing up their last few days of school. With summer just about here, now is the perfect time to buy a home to be in your new home by the start of the school year! It can take some time to see the process through from start to finish, so starting now can ease some of the stress brought on by a new school year and the moving process overall!

Realtors 66

Realtors Inspection Realty Buyers 66

Mashvisor

JUNE 16, 2022

Dads don’t get the love they deserve. Show them your love and appreciation with last-minute Father’s Day gifts for real estate investors.

Real Estate 69

Real Estate Investors Tools Investing 69

San Jose Real Estate

JUNE 16, 2022

Interested in buying a rental property? The first question to ask is if you want to buy it for cash flow or for appreciation. Here in Silicon Valley, most investment buyers are looking for long term appreciation rather than to get a monthly source of income. In some areas of the country, you can put […].

Investing 59

Investing Buyers Finance Marketing 59

Mashvisor

JUNE 16, 2022

Irvine, CA – Zombie foreclosures went up by 3% in the second quarter of 2022 from the first quarter, according to ATTOM.

Inspection 68

Inspection Tools Investors Real Estate 68

BiggerPockets

JUNE 16, 2022

Making common rental application mistakes can cost your landlord business dearly. The rental application contains critical information you will need to screen tenants thoroughly. For example, employment information, previous landlords, income, […].

Landlords 58

Landlords Tenants Business 58

Mortgagebroker News

JUNE 16, 2022

This executive's "Always be Connecting" mantra helped establish him in the industry during the pandemic

Mortgage 69

Mortgage 69

BiggerPockets

JUNE 16, 2022

Multifamily real estate investors almost always raise money for their deals, right? Some would call it almost impossible to try and build a huge real estate portfolio without borrowing money […].

Real Estate 58

Real Estate Investors 58

Mortgagebroker News

JUNE 16, 2022

The BoC governor previously indicated that the central bank is prepared to act "more forcefully"

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Housing Wire

JUNE 16, 2022

I’m raising my fifth recession red flag today based on the Census Bureau ‘s May housing starts data. Housing starts showed a miss on the estimate but positive revisions. Housing starts came in at 1.549 million and housing permits came in at 1.695 million. Housing completion data did grow to 1.465 million and more of the backlogged homes are finished.

Housing Market 545

Housing Market Buyers Mortgage Construction 545

Mortgagebroker News

JUNE 16, 2022

The central bank seems to be weighing up an even larger increase than we’ve seen this year to date

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Quicken Loans

JUNE 16, 2022

Inflation has gotten to be a real pain in the neck. At the last print, the consumer price index showed a year-to-year uptick of 8.6% in prices. This is the largest such increase in the reading since December 1981. The Federal Reserve wants to do something about it. It’s increased the federal funds rate at an even faster pace, up 0.75%. Additionally, this is the time of the quarter where the Fed releases its latest economic projections.

Supply Chain 36

Supply Chain Mortgage Marketing Investors 36

Mortgagebroker News

JUNE 16, 2022

However, one segment is disproportionately affected by the price spike trend

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Eyes on Housing

JUNE 16, 2022

Single-family starts declined further in May, as higher interest rates weighed on housing affordability. This follows a sixth straight monthly decline for the NAHB/Wells Fargo HMI. Additionally, the cost and availability of materials, lumber, labor and lots remain key supply-side headwinds. Single-family permits decreased 5.5% to a 1.05 million unit rate in May.

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