Housing Wire
FEBRUARY 9, 2022
While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” This is especially true on the financial services side when it comes to transferring money for real estate. There’s really no experience quite like buying a home.
Appraisal Buzz
FEBRUARY 9, 2022
Today’s Buzzcast interview is with Craig Capilla, member of Franklin, Greenswag, Channon & Capilla, LLC. We sat down with Craig and Joan Trice, Founder of Allterra Group, LLC to discuss appraisers and how they can protect themselves from liability within the appraisal process. What happens when an appraiser get a complaint from their State Board?
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Housing Wire
FEBRUARY 9, 2022
Mortgage applications decreased 8.1% from the previous week, a response to an uptick in mortgage rates, according to the Mortgage Bankers Association (MBA) survey for the week ending Feb. 4. The seasonally adjusted refi index fell 7.3% while the purchase index dropped 9.6%. Compared to the same week one year ago, mortgage apps overall dropped 39.6%, with a sharp decline in refi (-52%) compared to purchase (-11.4%).
Appraisal Buzz
FEBRUARY 9, 2022
If mortgage interest rates were to rise to 3.9%, a homebuyer with a $2,000 monthly housing budget could afford a $382,250 home, according to a new report from Redfin. That’s down from the $396,000 home a buyer with the same budget can afford with a 3.5% rate – roughly where mortgage rates stand today. Redfin economists predict the 30-year fixed mortgage rate will climb to 3.9% by the end of this year.
Housing Wire
FEBRUARY 9, 2022
A fierce, maybe unprecedented, court room battle over executives is brewing between Keller Williams and eXp , with Keller Williams winning round one. Texas state court judge Cleve Doty issued a temporary restraining order Monday against Mark Willis, who is the former CEO of Keller Williams, from joining eXp in an executive role. Doty of Travis County court, which is home to Austin and Keller Williams’ headquarters, found Keller Williams had valid contentions that Willis would illicitly sha
Appraisal Buzz
FEBRUARY 9, 2022
Ginnie Mae has released its January 2022 issuance volume, maintaining the strong liquidity of the program, and its value in meeting the financing needs of homeowners and rental property owners. An estimated 230,000 homes and apartment units were financed by Ginnie Mae and guaranteed mortgage-backed securities (MBS) in January. Ginnie Mae MBS issuance volume for January … The post Ginnie Mae Announces MBS Issuance of More than $62 Billion appeared first on DSNews.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
FEBRUARY 9, 2022
The January 2022 Home Data Index Market Report (HDI) has been released by Clear Capital—a Nevada-based property valuation management and data solutions company—which shows that the average American home increased in value by 3.4% over the previous quarter. According to the report, home prices are now up 19.5% year-over-year on average. This is a slight slowdown in … The post Property Value Growth Slows in January appeared first on DSNews.
Housing Wire
FEBRUARY 9, 2022
During 2021 and into 2022, the surveys on whether it’s a good time to buy a house have simply collapsed. This did ring some alarm bells last year as many housing crash addicts used the results of Fannie Mae’s Home Purchase Sentiment Index to call for an epic crash in the second half of 2021. That didn’t end well, but let’s take a deeper look at what is happening here.
Appraisal Buzz
FEBRUARY 9, 2022
Mortgage applications decreased 8.1% from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending February 4, 2022. On an unadjusted basis, the Market Composite Index decreased 6% compared with the previous week. The Refinance Index decreased 7% from the previous week and was 52% lower than the same week one year ago.
Housing Wire
FEBRUARY 9, 2022
Change is in the air First American Financial Corporation. The second largest of the “Big Four” title insurers announced Wednesday that Kenneth DeGiorgio, who has served as the company’s president since May 2021, has been appointed chief executive officer, while current CEO Dennis Gilmore, who has held the position since 2010, transitions to chairman of the board of directors.
Appraisal Buzz
FEBRUARY 9, 2022
A new Zillow survey found that 75% of buyers who successfully bought a home in the past two years reported having at least one regret about the home they purchased. Some 32% of new buyers regret buying a home that needs more work or maintenance than expected, while a similar percentage regret purchasing a home deemed too … The post House Hunters Forced to Compromise: Wants vs.
Housing Wire
FEBRUARY 9, 2022
Non-QM originations are poised for growth this year. HousingWire recently spoke with Mike Fierman, Managing Partner and Co-CEO of Angel Oak Capital, about the capital markets perspective as well as investor demand and appetite for non-QM. HousingWire: What is the 2022 market outlook for non-QM? Mike Fierman: I believe 2022 is going to be the year that non-QM gives originators a chance to grow their business.
Appraisal Buzz
FEBRUARY 9, 2022
A new Zillow survey found that 75% of buyers who successfully bought a home in the past two years reported having at least one regret about the home they purchased. Some 32% of new buyers regret buying a home that needs more work or maintenance than expected, while a similar percentage regret purchasing a home deemed too … The post Pandemic-Driven Purchases Spark Buyer’s Remorse appeared first on DSNews.
George Dell
FEBRUARY 9, 2022
Appraisers have standards. AVMs have no standards. Other valuation types are “waivered” or exempt. Appraisers have licenses. AVMs have no licenses. Other valuation types are “waivered” or exempt. Appraiser’s foot the bill for much of the valuation world – reviewers, evaluators, programmers, checklist checkers, and unlicensed “valuation analysts.
Appraisal Buzz
FEBRUARY 9, 2022
The Department lauds $53 million agreement on the upkeep of REO properties in Black and Latino communities. The post HUD Applauds Settlement on the Maintenance of REO Properties appeared first on DSNews. The post HUD Applauds Settlement on the Maintenance of REO Properties appeared first on Appraisal Buzz.
Lamacchia Realty
FEBRUARY 9, 2022
We are so excited to share that Taylor Blair is the winner of the 2021 Fast Tracker award! In 2021 Taylor had a n impressive 24 sales in his first full year with the company! . “I remember the day that Taylor joined, and John Millen said that he would be a rock star…and he was sure right! I am so impressed by Taylor’s grit and willingness to just run at whatever it is we are teaching and preaching and just doing it.
Appraisal Buzz
FEBRUARY 9, 2022
Tim Anderson of Evolve Mortgage Services discusses the benefits of electronic loan modifications and the compliance steps necessary to adopt this technology. The post Servicers Going Digital With eModifications appeared first on DSNews. The post Servicers Going Digital With eModifications appeared first on Appraisal Buzz.
Lamacchia Realty
FEBRUARY 9, 2022
Every year, the Meghan A. Martin award is presented to someone whose actions embody the many things that Meghan stood for and demonstrated every day. The recipient of the 2022 Meghan A Martin award is Paul J. Cervone. . Paul is constantly going above and beyond to serve not only his clients but his colleagues and the company. He is the first person to raise his hand to help out a new agent or even host an entire training for agents new to the business.
Mashvisor
FEBRUARY 9, 2022
Investing in real estate, like any other investment, comes with its fair share of rewards and risks. A real estate investment’s success usually depends on its location.
Lamacchia Realty
FEBRUARY 9, 2022
is the official winner of the 2021 Review Contest! To determine the contest winner, Lamacchia Realty tallies the most positive reviews for each of their R EALTOR S ® to determine who had the most in the year on company pages! As the winner, Colleen will receive $1,000 in personal marketing dollars as well as a promo video shot with our in-house videographer, Brandon Farrell !
Mashvisor
FEBRUARY 9, 2022
There are various ways of making money in real estate. One profitable route investors can choose to follow is flipping houses.
Lamacchia Realty
FEBRUARY 9, 2022
We are so excited to announce that Paul J. Cervone is the winner of the 2021 Most Acquired Clients Award! The award, renamed in 2021, recognizes the REALTOR® who signed up the most buyers and / or sellers in the company in 202 1. Paul exceeded expectations and signed up an impressive 9 5 clients! . “It was amazing seeing Paul begin working with almost 100 clients this year!?
Mashvisor
FEBRUARY 9, 2022
The price to rent ratio helps determine whether renting a residential property is more financially practical than owning one.
Lamacchia Realty
FEBRUARY 9, 2022
Eileen Doherty has officially been announced as the winner of the Highest Sales Volume Companywide Award for 2021 , selling just over $ 46.2 Million in sales volume in 2021 alone! Eileen was previously the 202 0 winner of the Most Transactions and Highest Sales Volume Companywide. Eileen also won the Highest Sales Volume Award for the Woburn office marking this as the fourth year in a row that she has earned the recognition.
BiggerPockets
FEBRUARY 9, 2022
As Coronavirus restrictions begin to ease, it can be complicated (and intimidating) for young people to get started in real estate investing. Luckily, these real estate-related jobs for young people can help them pave the way for the future.
Lamacchia Realty
FEBRUARY 9, 2022
The winner of the 2021 Award for Most Growth is Kevin Cormier! Kevin had an astounding 411 % growth in 2021. In his 6 months of being in real estate in 2020 , Kevin had an impressive 9 sales. Just one year later in 2021, Kevin skyrocketed his business with 46 sales. His success comes as no surprise, having earned the Rookie of the Year award in 2020.
BiggerPockets
FEBRUARY 9, 2022
If you’re asking your CPA how to not pay taxes, this may be the perfect episode for you. In fact, this episode is geared towards anyone making money in real […].
Lamacchia Realty
FEBRUARY 9, 2022
We are so ex cited to announce that Amie Balchunas has been named the #1 agent by transactions in the Fort Lauderdale office! Amie had an impressive year with 20 transactions in her first full year in the company’s Fort Lauderdale office. “Amie is truly the definition of a real estate rockstar. She dominated when she was with us up here in Boston, moved to Florida a few years ago, and now she’s dominating down there.
Mortgagebroker News
FEBRUARY 9, 2022
A 30-year limit on insured mortgages would be a boost to first-time buyers, advocates argue
Lamacchia Realty
FEBRUARY 9, 2022
The REALTOR® with the most transactions in the Chelmsford Office in 2021 was Kate Perrine! She finished off the year with an impressive 52 transactions. This is a huge accomplishment for Kate, who joined Lamacchia Realty only two years ago. In 2020, Kate won the A ward for Most Takens , meaning she signed up the most buyers or sellers in the company.
Mortgagebroker News
FEBRUARY 9, 2022
RBC's chief economist says despite skyrocketing prices, some moderation is likely this year
Lamacchia Realty
FEBRUARY 9, 2022
We are so excited to announce that Christina Liberty- G rimm has been named the 2021 Rookie of the year! Christina had an amazing 13 sales in her first full year and as a brand-new REALTOR ® ! Christina works out of the Worcester office and is licensed in Massachusetts. “Congratulations, Christina! I knew the day I met with her she was going to be an amazing REALTOR®.
Mortgagebroker News
FEBRUARY 9, 2022
New report calls for greater housing density and variety
Lamacchia Realty
FEBRUARY 9, 2022
Lamacchia Realty is excited to announce th at Kelly Dimbat is the winner of its? Leading Real Estate Companies of the World® Referral Contest! Kelly assisted clients buy and sell in various parts of the country this year including Tennessee and Florida. Kelly has earned multiple real estate designation s over her 18-year career making her an expert in her field and an invaluable asset to her clients.
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