Housing Wire
OCTOBER 26, 2022
Nonbank mortgage lender and servicer Pennymac Financial Services imposed a new round of layoffs to its employees this week, ahead of its third-quarter earnings report on Thursday. . The California-based company had several rounds of layoffs this year, including a workforce reduction of 236 employees in March, another 207 staff members in May and additional 32 jobs in July. .
Appraisal Buzz
OCTOBER 26, 2022
Median sales price now sits below the highs recorded during June, while inventory hit a recent record high. Click through to find out what else RE/MAX’s National Housing Report found. The post Market Exhibiting Signs of Seasonal Slump appeared first on Appraisal Buzz.
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Housing Wire
OCTOBER 26, 2022
Alpha. BeSmartee’s Alpha is made specifically for third-party originators and wholesale lenders. Specifically to BeSmartee’s Alpha, this offering goes beyond an online 1003 and includes PPE, fee aggregation, AUS, initial disclosures and reporting; everything that is needed for brokers to originate. Furthermore, brokers receive the ability to make loan submissions to one or more wholesale lenders.
Appraisal Buzz
OCTOBER 26, 2022
A new Urban Institute report argues that the normalization of forbearances for life occurrences like job loss could keep thousands out of the foreclosure process every year. The post Commentary: Permanent Forbearance Could Prevent Future Foreclosures appeared first on Appraisal Buzz.
Housing Wire
OCTOBER 26, 2022
Mortgage rates have been on an upward trend for more than two months, and would-be homebuyers are increasingly hitting the brakes on their home purchase plans. . The Mortgage Bankers Association (MBA) survey shows that the mortgage composite index for the week ending Oct. 21 fell 1.7% from the prior week when it reached its 25-year low. Mortgage loan application volume plummeted 69% compared to the same period in 2021.
Appraisal Buzz
OCTOBER 26, 2022
Ginnie Mae President Alanna McCargo said, “As always, we are focused on working with our counterparties to manage risks and ensure continuity in serving the most underserved households through all economic cycles.”. The post Ginnie Mae Extends Execution Date for Risk-Based Capital Requirement appeared first on Appraisal Buzz.
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Appraisal Buzz
OCTOBER 26, 2022
As housing affordability continues its decline, the latest analysis from First American projects home price appreciation to fall further as the booming sellers’ market seen in early 2022 has now turned in favor of homebuyers. The post Pandemic-Era Sellers’ Market Experiences Rapid Decline appeared first on Appraisal Buzz.
Housing Wire
OCTOBER 26, 2022
Mortgage Verification Service (MVS). Through its Mortgage Verification Service (MVS) product, Mastercard’s open banking platform leverages high-value consumer-permissioned data directly from financial institutions and payroll processors to provide accurate, real-time insights for a GSE-accepted verification of assets, income and employment in a simple 1-touch experience.
Appraiserblogs
OCTOBER 26, 2022
Does a mortgage lender have liability to the borrower for a negligent appraisal? As residential property prices plateau or decline in various markets and as borrowers have financial problems with fewer financing options, there are more legal claims being filed by borrowers against appraisers and lenders in relation to appraisals for loans made in recent years.
Housing Wire
OCTOBER 26, 2022
Connect. Qualia Connect enables lenders to standardize the way you work with title and settlement companies. Automate your operations with any title company in order to deliver secure, on-time, and error-free closings. Product Fast Facts. #1. Automated Order Placement & Information Exchange: Automatically place orders and trigger information requests directly from your LOS. #2.
Birmingham Appraisal
OCTOBER 26, 2022
Don’t Be Guilty of Pricing Your Home Too High. It’s already been said, however, I think it is worth stating again that the market has shifted. It’s important to keep this in mind when pricing your home to sell because if you don’t this could cost you both time and money. In fact, the market continues to shift. Anything that is related to the real estate market that changes has the potential to influence how much you can sell your home for and how long it might take to sel
GoForrmz
OCTOBER 26, 2022
Get ahead with real estate automation The real estate market has seen a lot of unusual trends in the past couple years, and it’s no surprise things have been pretty weird. In 2021 , we saw houses receive multiple offers and sell for thousands of dollars over asking price within hours. Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023.
Valcre
OCTOBER 26, 2022
Appraisals are a necessary part of anyone looking to buy or sell a property, and commercial real estate appraisals differ vastly from residential appraisals.
George Dell
OCTOBER 26, 2022
There are three specific terms used to define what is a comp. It should be competitive, similar, and able to be compared. Competitive means what a ‘typical’ buyer would consider as between the comp, and the subject, if they were available in the marketplace at the same time (the date of value). Similar means “resembling […]. The post Three Ways to Pick a Comp?
Mashvisor
OCTOBER 26, 2022
The Boston real estate market is experiencing some sort of relief as housing prices cool down. What can investors expect over the next few months? A recent report from Axios.
Lamacchia Realty
OCTOBER 26, 2022
Nancy Frates , who joined Lamacchia as a Florida Relocation Consultant earlier this fall, was recently mentioned in an article by NeighborWho. The article discusses what to expect if you’re looking to make a move down to Florida. Nancy stresses the importance of understanding exactly what kind of lifestyle you want, as Florida is a big state with many different experiences to offer.
BiggerPockets
OCTOBER 26, 2022
You’ve probably heard here on BiggerPockets that house hacking is one of the best ways to jumpstart your real estate investment journey, and that is certainly true! I would argue that it […].
Mortgagebroker News
OCTOBER 26, 2022
Turning to the so-called "Bank of Mom and Dad" can have its own pitfalls, says industry expert
BiggerPockets
OCTOBER 26, 2022
Most people stumble into short-term rental investing. At some point, they realize a long-term rental, mother-in-law suite, or family cabin could become a revenue-generating, passive income machine. So what do […].
Houston Properties
OCTOBER 26, 2022
Ranked guide to Houston's most expensive neighborhoods
Mortgagebroker News
OCTOBER 26, 2022
The move marks the latest "supersized" rate jump of 2022
Lamacchia Realty
OCTOBER 26, 2022
This content is password protected. To view it please enter your password below: Password: The post Protected: September 2022 South Florida Housing Report appeared first on Lamacchia Realty.
Mortgagebroker News
OCTOBER 26, 2022
CMP caught up with the broker network exec in Vancouver
Housing Wire
OCTOBER 26, 2022
September new home sales beat expectations, but don’t get too excited. While monthly supply rose in this report, the previous reports were all revised lower and sale levels are still historically low. New home sales are now below the recession levels of 2000 and have fallen all the way to 1996 levels, when interest rates were near 8%. As I have always tried to stress with home sales data, we have not had a massive credit sales boom like the one we saw during the housing bubble years, so we can’t
Mortgagebroker News
OCTOBER 26, 2022
New report details "cooling effect" of interest rate increases and recession fears
Housing Wire
OCTOBER 26, 2022
Bilt Rewards , which operates a loyalty program and credit card that converts rent payments into points, raised a new round of funding that it says gives the firm a valuation of $1.5 billion. The company, which works with some of the country’s largest multifamily developers and property managers, secured $150 million in a growth round led by Left Lane Capital.
Mortgagebroker News
OCTOBER 26, 2022
With surging house prices and a dwindling workforce, "Canada has work to do," he says
Housing Wire
OCTOBER 26, 2022
The new single-family home sales rollercoaster ride continues. After rebounding in August from a drop in July, new home sales were back down again in September, according to data released Wednesday by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. Sales of new single-family homes in September were at a seasonally adjusted annual rate of 603,000, down 10.9% from August and 17.6% compared to a year ago.
Mortgagebroker News
OCTOBER 26, 2022
CMP's report surveys will become available to an even wider audience
Eyes on Housing
OCTOBER 26, 2022
Rising mortgage rates approaching 7% along with declining builder sentiment stemming from stubbornly high construction costs and weakening consumer demand pushed new-home sales down at a double-digit rate in September. Following a brief uptick in August, sales of newly built, single-family homes in September fell 10.9% to a 603,000 seasonally adjusted annual rate, according to newly released data by the.
Mortgagebroker News
OCTOBER 26, 2022
Province's tax rate now the highest in Canada
Housing Wire
OCTOBER 26, 2022
MortgageHippo, a digital mortgage proptech that offers a no code/low code digital mortgage platform to lenders, on Monday announced that it was rebranding to Revvin. . The new name is based on the sound an engine makes when the running speed is increased by pressing the accelerator, signifying efficiency. According to a statement from Revvin, the new brand is reflective of the company’s focus on its lending platform and is a better fit for its mission to democratize technology, which allows all
Mortgagebroker News
OCTOBER 26, 2022
It's an opportune time for its global parent
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