Tue.Nov 29, 2022

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The housing market will get worse before it gets better

Sacramento Appraisal Blog

It’ll get worse before it gets better. That’s pretty much true in lots of ways in life. Going through the teenage years, recovering from injury, remodeling a kitchen… and enduring a housing downturn.

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The war for top talent and why LOs move shops

Housing Wire

Given the market contraction and numerous layoffs in the industry, it may be surprising to think that loan officer recruitment and retention could be a focus for some lenders and independent mortgage banks right now.

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Preparing For The Unexpected

The Appraiser Coach

I’ve been known to talk a lot about preparing for the unpredictable. A while back someone asked me a question about it. In essence their question was, “Dustin, how can. Read More.

Appraisal 195
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Government to backstop mortgages over $1 million in 2023

Housing Wire

The Federal Housing Finance Agency (FHFA) on Tuesday announced that the baseline conforming loan limit for 2023 will be $726,200, an increase of 12.21%, or $79,000, compared to 2022. .

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Home Prices Continue to Decline in September

Eyes on Housing

Home prices declined for the third straight month in September as the housing market continues to cool. In September, all 20 metro areas experienced negative home price appreciation. The S&P CoreLogic Case-Shiller U.S.

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NAMB launches roadshow with Freddie Mac and Rocket

Housing Wire

The National Association of Mortgage Brokers (NAMB) announced a series of roadshows in partnership with Freddie Mac and Rocket Pro TPO, starting Dec. 8 in St. Louis, Missouri.

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Mortgage demand dropped last week despite a decline in rates

Housing Wire

Mortgage rates dropped last week, but it wasn’t enough to spur mortgage demand. The market composite index, a measure of mortgage loan application volume, declined 0.8% for the week ending November 25 after rising 2.2% from the previous week, according to the Mortgage Bankers Association.

Mortgage 296
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Investing In Affordable Housing - Part 3 - Tenant Relations

Eppraisal

In parts one and two of this series on affordable housing, we discovered that landlords could create a lucrative business when opening units up to low-income tenants. We further explored what sort of accountability those property owners assumed with the local housing authority.

Tenants 58
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Study reveals alarming inequality trend for Black, Native American borrowers

Housing Wire

Mortgage fairness for Black and Native Americans is no better today than it was 30 years ago, according to a new mortgage fairness report.

Lending 293
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2023 Loan Limits Increase by $79,000

Lamacchia Realty

2023 Loan Limits Increase by $79,000. FHFA announced today that the conforming loan limits (CLLs) will rise by $79,000 from $647,200 in 2022 to $726,200 in 2023 for single-family/one-unit properties.

Realty 57
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Home price appreciation continues to slow

Housing Wire

Yearly home-price growth continued to slow in September, with the year-over-year price gain shrinking for the sixth consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. Nationwide home prices posted an annual gain of 10.6%

Inventory 290
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How Customer Feedback Improves SaaS Platforms

GoForrmz

Customer feedback is the driving force behind the success of SaaS platforms SaaS continues to be an evolving and ever-growing space with new startups and competitors joining the market every year.

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$1 million conforming loan limit reignites affordability debate

Housing Wire

The conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac will pass the $1 million mark for the first time in 2023, reigniting a debate about the government’s role in the mortgage market and its persistent affordability challenges. Meanwhile, desperate for volume in a high-rate environment that’s pushed borrowers to the sidelines , some of the top U.S. nonbank lenders are wasting no time.

Design 206
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Automated valuations evolve with the launch of Interactive ClearAVM

Clear Capital

Today, we’re thrilled to announce the launch of Interactive ClearAVM (automated valuation model). This enhanced version of ClearAVM is an optional add-on that will provide customized AVMs in real-time based on user-made adjustments to a property’s key characteristics and including condition.

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Bank of Canada announces its first ever loss

Mortgagebroker News

The institution has just released its Q3 results

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Anthony Lamacchia Quoted in the Wall Street Journal

Lamacchia Realty

Anthony Lamacchia was quoted in a new article published by The Wall Street Journal. The article addresses the new mortgage limits for 2023, which were released today, and what changes these limits bring to the market.

Realty 39
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RBC to purchase HSBC Bank Canada

Mortgagebroker News

The blockbuster deal is the largest ever reached between two domestic banks in this country

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The Holidays: Should You Pull Your Home Off The Market?

San Jose Real Estate

How to sell your Silicon Valley home during the holiday season. Selling Tips Holiday Marketing Program Real estate selling your home during the holidays Silicon Valley real estate

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Two major fintechs announce connectivity initiatives

Mortgagebroker News

Newton Connectivity Systems and Axiom Innovations complete two major projects

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Is Your Home Fully Insured Against Loss or Damage?

Will Springer Realtor

How do you know if your home has enough insurance coverage? The quick answer is that you are probably underinsured – and homeowners usually receive the bad news after submitting a claim. About six in 10 homeowners are insufficiently insured, according to CoreLogic, a property data research firm.

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Scotiabank profits fall in Q4

Mortgagebroker News

The banking giant kicked off the Big Six's final set of earnings announcements of 2022

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The Rookie’s Guide to 2023 Goal Setting: How to Achieve HUGE Goals This Year

BiggerPockets

Before the most well-known real estate moguls were moguls, they were rookie investors with a dream. While it took vision to get them to where they are today, they wouldn’t be successful without […]. Real Estate Rookie Podcast

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Ontario passes More Homes Built Faster Act

Mortgagebroker News

New bill to focus on accelerating housing development

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First Time Homebuyer Loans

PennyMac

Buying your first home can be a very exciting time. You’re finally going to have your own space, and you’re ready to start a new chapter in your life as a homeowner. However, purchasing a property can be quite the process.

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Technology in the mortgage space: What's next?

Mortgagebroker News

Leading tech execs on how solutions will continue to transform the mortgage market

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Is Buying a Short Term Rental in Philadelphia a Smart Investment for 2023?

Mashvisor

Investing in a short term rental in Philadelphia has always been a smart move. Will this trend continue into 2023? Let’s figure it out together.

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Mortgage industry mourns the passing of Ed Karthaus

Mortgagebroker News

His passion for helping customers, broker partners and our line-up was unmatched,' company says

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How to Research an Airbnb Market and Quickly Find a Good Place to Buy Rental Property

Mashvisor

One of the best things you can do as a short term rental property owner is know how to research Airbnb market in your location of choice.

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What would it take to solve Canada's ongoing housing affordability crisis?

Mortgagebroker News

CMHC outlines possibilities in its new report

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Airbnb Short Term Rentals vs Monthly Rentals: What Real Estate Investors Need to Know

Mashvisor

Is investing in an Airbnb short term rental still a good investment strategy, or is it a better idea to invest in a monthly rental instead?

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Exec on how speedy work is core to success

Mortgagebroker News

"Strong, reliable turnaround times are critical to success and [the] ability to deliver on commitments to clients

Clients 57