Fri.Mar 11, 2022

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Opinion: Affordable lending requires creative thinking

Housing Wire

Each fall, trendsetters at Pantone decide on the next year’s “ color of the year ,” which they feel will define and influence the upcoming year. Whether the “color of the year” is a self-fulfilling prophecy or the trendsetters really are that on trend is currently unknown. Similarly, the mortgage industry has no shortage of trend predictions being made each month, quarter and year.

Lending 380
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Share of Homes Selling Above List Price Doubles

Appraisal Buzz

This month marks the two-year anniversary of the coronavirus pandemic, which the World Health Organization officially declared on March 11, 2020. According to a new report from Redfin, the housing market has changed drastically as there are now half as many homes to choose from, as prices increased 34%. Overall, the number of homes on … The post Share of Homes Selling Above List Price Doubles appeared first on DSNews.

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Inside Fairway’s bold plan to boost reverse purchase business

Housing Wire

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. In relation other top 10 reverse mortgage lenders, Fairway stands out by making a concerted effort to cultivate more H4P business in an environment where many other reverse mortgage companies have spent much of the past 12-18 months focused on HECM-to-HECM (H2H) refinances, acc

Business 369
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Impact of Pandemic on U.S. Housing Market, Federal Bill Could Tackle Racial Gap in Home Appraisals, and More Appraisal News

Appraisal Buzz

After two full years, the COVID-19 pandemic has done a number on the U.S. housing market. Congresswoman Maxine Waters has announced plans to propose federal legislation designed to reduce the racial gap in home appraisals. After a week of declines, mortgage rates are back on the rise. With the new Fannie Mae and Freddie Mac desktop appraisal option going live this month, McKissock Learning has released an updated CE course to reflect the new.

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Drama in the Myrtle Beach real estate scene

Housing Wire

Two Myrtle Beach Century 21 franchises have filed a lawsuit against eXp Realty , alleging that eXp Realty agent Joel Barber stole profits and private real estate data during secretive, “unauthorized” late night office visits. In the lawsuit, which was filed last Wednesday in South Carolina’s Horry County State Court, Century 21 Barefoot Realty and Century 21 the Harrelson Group allege that Barber entered the Harrelson Group offices “unauthorized” six times between the hours of 10:30 p.m. and 5:3

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The Real Rental Housing Crisis Is on the Horizon

Urban

New data show that landlords are increasing rental prices and instituting stricter screening criteria for renters, indicating a bleak rental market outlook for years to come.

Landlords 187

More Trending

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Freddie Mac Sees Mortgage Rates Increase to 3.85% Average

Appraisal Buzz

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.85%. “Following two weeks of declines, mortgage rates rose this week as U.S. Treasury yields increased,” says Sam Khater, Freddie Mac’s chief economist. “Over the long-term, we expect rates to continue to rise as inflation broadens and shortages increasingly impact many segments of the economy.

Mortgage 150
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What about mortgage application fallout rates?

Housing Wire

As lender concerns about margin compression rise, why aren’t we seeking to better understand our mortgage application fallout rates to increase revenue? For mortgage originators of all sizes, “fallout” is a word that induces headaches and nausea at roughly the same level as terms like “repurchase demand” or “regulatory audit.” We don’t often talk about it, but it’s a fact of mortgage lending.

Mortgage 364
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February Mortgage Credit Availability Increases by 1%, MBA Observes

Appraisal Buzz

Mortgage credit availability increased by 1% to 126% in February according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

Mortgage 150
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Household Real Estate in the Fourth Quarter

Eyes on Housing

The latest results from the Federal Reserve’s Z.1 Financial Accounts of the United States, i.e., the Flow of Funds, show that in 2021, the aggregate market value of all owner-occupied real estate in the United States experienced the largest quarterly increase on record. From $36.8 trillion in the third quarter of 2021, the value of owner-occupied real estate increased by.

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Wolters Kluwer Integrates IDS’ Document Prep Tools into Compliance Solutions Unit

Appraisal Buzz

Wolters Kluwer Governance, Risk & Compliance (GRC) has signed an agreement with The Reynolds and Reynolds Co. to acquire International Document Services Inc. (IDS), a provider of compliance and document generation software solutions for the mortgage and real estate industry, for approximately $70 million in cash. IDS will become an integral part of GRC’s Compliance Solutions business, a provider of compliance software for U.S. banks, lenders, credit unions, insurers and securities firms.

Tools 150
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Impact of Pandemic on U.S. Housing Market, Federal Bill Could Tackle Racial Gap in Home Appraisals, and More Appraisal News

McKissock

After two full years, the COVID-19 pandemic has done a number on the U.S. housing market. Congresswoman Maxine Waters has announced plans to propose federal legislation designed to reduce the racial gap in home appraisals. After a week of declines, mortgage rates are back on the rise. With the new Fannie Mae and Freddie Mac desktop appraisal option going live this month, McKissock Learning has released an updated CE course to reflect the new guidelines.

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Purchase Demand Growth Predictions Down Due to Supply, Rate Issues

Appraisal Buzz

A majority of mortgage lenders continue to expect near-term profitability to decrease amid rising mortgage rates and declining refinance activity, according to Fannie Mae ‘s Q1 2022 Mortgage Lender Sentiment Survey (MLSS). According to the survey, 75% of mortgage lenders believe profit margins will decrease in the next three months, up from 65% in the prior quarter, while 17% believe profits will remain the same and 9% believe profits will increase.

Mortgage 150
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Home Improvement DIYs to Tackle in a Weekend

Lamacchia Realty

This time of the year is not only a time for growth- and rain- it’s also the time when we look around our homes and grow tired of what we see. The house gets cluttered, closets are a bit disorganized, and the sunlight gives us a boost of energy to get something done. Here are a few projects you can do over a weekend or two to get your house into clean, working order again.

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Managing Pipeline and Portfolio Risk Amid Accelerating Mega-Disasters

Appraisal Buzz

Richard Gagliano discusses the role technology plays in responding to the housing impacts of advancing climate catastrophes. The post Managing Pipeline and Portfolio Risk Amid Accelerating Mega-Disasters appeared first on DSNews. The post Managing Pipeline and Portfolio Risk Amid Accelerating Mega-Disasters appeared first on Appraisal Buzz.

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Spring Staging Ideas

Eppraisal

Spring is a time of new life and new beginnings. Springtime is when the real estate market comes to life as buyers look to begin their new lives in new homes. Sellers on the other hand,  start delayed projects to prepare their homes for sale. Home prices have been on the upward trend and are expected to continue increasing this year. Incorporating a couple spring staging ideas when preparing your home to sell will surely help increase your home value.

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Default Risk Rises in Q4

Appraisal Buzz

The default risk for GSE acquisitions hit 1.98% in Q4, up from a reading of 1.65% the previous quarter. The post Default Risk Rises in Q4 appeared first on DSNews. The post Default Risk Rises in Q4 appeared first on Appraisal Buzz.

Appraisal 150
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Zillow: Reliable Property Search Tool for Real Estate Investors?

Mashvisor

Several real estate investors are leaning towards online real estate investment tools such as Zillow. They rely on such tools to find the best investment property.

Tools 68
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Ginnie Mae MBS Issuance Volume Exceeds $53B in February

Appraisal Buzz

More than 190,000 U.S. homes were financed in February through Ginnie Mae MBS financing. The post Ginnie Mae MBS Issuance Volume Exceeds $53B in February appeared first on DSNews. The post Ginnie Mae MBS Issuance Volume Exceeds $53B in February appeared first on Appraisal Buzz.

Finance 150
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Airbnb Gulf Breeze FL: Should You Invest in 2022?

Mashvisor

Investing in Airbnb Gulf Breeze FL, just like most vacation rental markets, offers great potential as an additional income stream for investors.

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Private lending – Ontario brokers set to face higher education requirements

Mortgagebroker News

The province's broker regulatory body identified consumer protection concerns associated with the private space

Lending 69
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5 Reasons Why Mashvisor Is the Best Apartment Rental App for Real Estate Investors

Mashvisor

The best apartment rental app can help you find a suitable investment property that can offer high income and a solid return on investment.

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Hybrid work model likely to dominate: Avison Young executive

Mortgagebroker News

The company's president, professional services, for the Americas says flexibility is increasingly sought by workers

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Rookie Podcast 164: Rookie Reply: How Do I Escape My 9-5 with Real Estate Investing?

BiggerPockets

This week’s question comes from Nash through Ashley’s Instagram direct messages. Nash is asking: How do I quit my job and become a full-time real estate investor? Nash isn’t alone […].

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Scotiabank rating downgraded amid multiple unique risks

Mortgagebroker News

The bank is labouring under various pressures in its international businesses, markets analyst says

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Inside the Walmart, Lenders One mortgage deal

Housing Wire

Walmart photo credit: wolterke – stock.adobe.com. Lenders One Cooperative and Walmart want mortgages in your shopping cart. On Monday, the cooperative announced that it has struck a deal to lease space in Walmart stores to sell purchase mortgages, refinances, and home equity loans. Lenders One did not disclose the financial terms of the contract.

Mortgage 370
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Firm Capital MIC announces robust Q4, year-round results

Mortgagebroker News

The corporation especially benefited from higher interest income

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Room for everyone on the crypto real estate bandwagon?

Housing Wire

In a brightly lit men’s restroom Friday afternoon, adjacent to where the inaugural Crypto & Real Estate Summit was convening, one conference attendee asked another, “Are you a real estate agent?”. “Yep, and you?”. “Yes.”. “What do you think of all this?”. “I’m not quite sure how it works with a mortgage.”. A third person approached and said, “We should talk.”.

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RBC: Inflation, geopolitics to weigh on Canadians' household finances

Mortgagebroker News

Pandemic-era savings are especially at risk, RBC says

Finance 67
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Anti-Appraiser Agenda

Appraiserblogs

Money may have been used to buy influence and promote the current anti-appraiser narrative being embraced by key public servants in the executive and legislative branches. TOOL MAY HELP APPRAISERS CONNECT DOTS TO UNRELENTING CHARACTER ATTACKS It’s reminiscent of a practice pioneered by Texas savings-and-loan kingpin Tom Gaubert in the 1980s. The idea was to have employees at his crumbling institution and those of his friends funnel a large number of small-dollar political donations to his buddy,

Appraisal 147