Tue.Aug 17, 2021

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3 mortgage industry trends that will define the rest of 2021

Housing Wire

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology.

Mortgage 509
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Unrealistic sellers & my favorite housing analogy

Sacramento Appraisal Blog

I have three things on my mind today. I’d love to share a helpful analogy for today’s housing market, let’s talk about unrealistic seller expectations, and then unpack some fresh stats. Real Estate Week: Next week I’ll be taking part in a free video interview with The Sacramento Bee to talk about the insanity of […].

Sellers 469
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Is 166-year-old Baird & Warner ahead of its time?

Housing Wire

Baird & Warner President and CEO Stephen Baird. Baird & Warner lays claim to be the oldest U.S. brokerage still in operation, launching in 1855. In the 1960s, its then-executive John Baird tussled with the National Association of Realtors (NAR) over that group’s enforcement of redlining as Baird wanted to sell homes to Black people in areas that lenders and agents marked as white only.

Brokerage 417
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Incenter Mortgage Advisors Taps Andy Beggins as Director, Analytics

Appraisal Buzz

Andy Beggins has joined Incenter Mortgage Advisors , a provider of capital markets, trading and advisory services, as director, analytics. Beggins was previously with Specialized Loan Servicing, where he was most recently vice president, strategic analytics – forecast modeling, pricing, structuring, and business development. He came to the mortgage industry after an earlier career in analytics for natural gas commodity traders.

Mortgage 370
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An inside look at local housing markets across the country

Housing Wire

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Louisville, Kentucky. “It’s wild,” said Elizabeth Monarch, who runs eXp’s Kentucky operation. “It blows my mind.

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Builder Confidence Down Big; Record Rents; Mixed Messages on New Homes

Appraisal Buzz

Fears about construction costs, supply shortages, and concern over fast rising home prices acted to deflate builder confidence this month. The National Association of Home Builders (NAHB) says the NAHB/Wells Fargo Housing Market Index (HMI), a measure of its new home builders’ sentiment about the market for newly constructed homes, fell 5 points this month to 75, the lowest it has been since June 2020. “While the demographics and interest for home buying remain solid, The post Builde

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ValueLink Announces Partnership With Clear Capital

Appraisal Buzz

New collaboration will enable ValueLink users to order Clear Capital’s hybrid and desktop valuation offerings. The post ValueLink Announces Partnership With Clear Capital appeared first on theMReport.com. The post ValueLink Announces Partnership With Clear Capital appeared first on Appraisal Buzz.

Valuation 370
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Is 156-year-old Baird & Warner ahead of its time?

Housing Wire

Baird & Warner President and CEO Stephen Baird. Baird & Warner lays claim to be the oldest U.S. brokerage still in operation, launching in 1855. In the 1960s, its then-executive John Baird tussled with the National Association of Realtors (NAR) over that group’s enforcement of redlining as Baird wanted to sell homes to Black people in areas that lenders and agents marked as white only.

Brokerage 370
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Homebot Acquires Digital Home Buying Platform for Mortgage Lenders

Appraisal Buzz

Homebot , a portal backed by ASG, has acquired NestReady. The platform allows financial institutions to provide a complete white-labeled home-buying experience on their website and gives each loan officer with their own home search engine. “The NestReady team is very excited about this opportunity,” says Mauro Repacci, co-founder and CEO of NestReady. “Combining our home search platform, NestFinder, with Homebot’s best-in-class client engagement platform will offer consum

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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is

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First American Title Announces Automated Title Decision Engine

Appraisal Buzz

The new technology will help to ease the significant capacity challenges and demand for more rapid turn-times, the company reports. The post First American Title Announces Automated Title Decision Engine appeared first on DSNews. The post First American Title Announces Automated Title Decision Engine appeared first on Appraisal Buzz.

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3 Top Benefits of Appraising Green Homes

McKissock

Over the last decade, energy efficiency and sustainability have been advancing in the public consciousness, and green residences have become mainstream in many markets. As people continue to build and retrofit according to more eco-friendly standards, the value of “green” has come into greater demand, presenting an opportunity for real estate appraisers.

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Soaring Prices Force Prospective Vacation Homebuyers to Reconsider

Appraisal Buzz

After nearly a year of surging activity, interest in vacation and second homes has tailed off for the second consecutive month, falling 21% YoY in July. The post Soaring Prices Force Prospective Vacation Homebuyers to Reconsider appeared first on theMReport.com. The post Soaring Prices Force Prospective Vacation Homebuyers to Reconsider appeared first on Appraisal Buzz.

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Don’t Make These 6 All-Too-Common Tenant Screening Mistakes

BiggerPockets

One of the most important parts of being a landlord is being able to properly select tenants. This will determine a huge amount of your success and happiness as an entrepreneur. Failure to screen your tenants properly can destroy your wallet, sanity, and business.

Tenants 79
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3 Top Benefits of Appraising Green Homes

Appraisal Buzz

Over the last decade, energy efficiency and sustainability have been advancing in the public consciousness, and green residences have become mainstream in many markets. As people continue to build and retrofit according to more eco-friendly standards, the value of “green” has come into greater demand, presenting an opportunity for real estate appraisers.

Appraisal 195
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Seller Financing is About the Seller, Not the Property

BiggerPockets

Learning about seller financing is a major revelation for many investors, perhaps even as exciting and intoxicating as the feeling they experienced when they first learned about real estate investing. Is it as good as it sounds?

Sellers 73
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SitusAMC Integrates Assimilate Solutions’ Residential Mortgage Solutions

Appraisal Buzz

SitusAMC Holdings Corp. has incorporated Assimilate Solutions’ mortgage and IT outsourcing services into its SitusAMC brand. Assimilate was acquired by SitusAMC in January of 2021. Founded in 2012, Assimilate has served the U.S. residential mortgage industry. The firm’s service offering includes knowledge process outsourcing supporting loan origination, closing and post-closing, loan servicing, secondary market activity, and title and settlement support.

Mortgage 195
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Rookie Podcast 105: Don’t Lose Your Portfolio to Lawsuits! Here’s How to Protect Yourself

BiggerPockets

As a rookie, you’re in the best position possible to start protecting your growing empire of rental properties, but what’s the best way to legally shield yourself from liability and […].

Legal 70
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Underwriting Updates and the Racial Wealth Gap

Appraisal Buzz

CEO Hugh Frater explains how Fannie Mae’s automated credit-assessment changes could affect the ability of people of color to reap the benefits of homeownership. The post Underwriting Updates and the Racial Wealth Gap appeared first on DSNews. The post Underwriting Updates and the Racial Wealth Gap appeared first on Appraisal Buzz.

Appraisal 195
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2021 Lamacchia Realty Company Wide Event on Thompson Island

Lamacchia Realty

On Friday, August 13th, Lamacchia Realty celebrated its 4 th annual company-wide appreciation event on Thompson Island in Boston! Broker/Owner Anthony Lamacchia spoke briefly and reflected on the past 17 months and how proud he is of our REALTORS® taking such an active role in continuing to keep housing moving. He also shared heartfelt stories about various buyers and sellers who worked with our REALTORS® to achieve various homeownership-related dreams.

Realty 69
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Making First-Time Homeownership More Inclusive

Appraisal Buzz

Fannie Mae CEO Hugh Frater explains how new underwriting technology will affect Black Americans’ ability to secure a mortgage. The post Making First-Time Homeownership More Inclusive appeared first on theMReport.com. The post Making First-Time Homeownership More Inclusive appeared first on Appraisal Buzz.

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ValueLink integrates with Clear Capital to deliver advanced valuation solutions to lenders and AMCs

Clear Capital

Partnership enables ValueLink users to order Clear Capital’s broad range of valuation products including hybrid and desktop products. RENO, Nev. — August 17, 2021 —. ValueLink Software, the industry-leading valuation technology provider, has announced that it has partnered with real estate valuation and analytics fintech leader Clear Capital to enable its users to order Clear Capital’s suite of valuation products, including hybrid and desktop products.

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Housing Inventory Grows Month-Over-Month in July

Appraisal Buzz

A new RE/MAX report has found that even with demand reaching peak levels, housing inventory actually rose in July for the second consecutive month. The post Housing Inventory Grows Month-Over-Month in July appeared first on DSNews. The post Housing Inventory Grows Month-Over-Month in July appeared first on Appraisal Buzz.

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Should I Use a Home Equity Line of Credit for Home Renovations?

Lamacchia Realty

With current home equity line of credit (HELOC) rates averaging between 1.79% and 7.24%, many homeowners that have been considering using HELOC to fund their home renovations are finally taking the plunge. Your lender will set a borrowing limit for an agreed-upon period of time, similar to a credit card but in the case of a home equity loan, the lender will give a lump sum and the homeowner will make a payment every month until the loan is paid off.

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Supply Grows as Demand Continues to Rise

Appraisal Buzz

High prices, seller expectations, and multiple offers are forcing more buyers to reconsider, as RE/MAX found housing supply grew in July along with demand. The post Supply Grows as Demand Continues to Rise appeared first on theMReport.com. The post Supply Grows as Demand Continues to Rise appeared first on Appraisal Buzz.

Sellers 195
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Inc. 5000 Ranks Lamacchia Realty for 10th Year in a Row

Lamacchia Realty

Lamacchia Realty has ranked on the Inc. 5000 list of the fastest-growing private companies in America for the 10 th year in a row! Moving up 481 spots from last yea r , Lamacchia ranked 2,279 on the prestigious list of quickly growing private companies. The list represents a unique look at the most successful independent small businesses in America.

Realty 69
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Percentage of Mortgage Loans in Forbearance Decreases Slightly

Appraisal Buzz

The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey is showing that the total number of loans now in forbearance has decreased by 14 basis points from 3.4% of servicers’ portfolio volume in the prior week to 3.26% as of August 8, 2021. According to MBA’s estimate, 1.6 million homeowners are in forbearance plans.

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FHFA Eliminates Their Refinance Fee—What Does This Mean for Real Estate?

BiggerPockets

The Federal Housing Finance Agency recently revoked the refinance fee they added in 2020. What does this mean for investors?

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DLC president on what brokers should be utilizing

Mortgagebroker News

Executive also reveals the real estate financing and housing topics he hopes will be at the forefront of the election campaign

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Cambrian Park homes for sale

San Jose Real Estate

Looking to buy a home in San Jose’s popular Cambrian district, with zip codes 95124 or 95118? This is a great part of Silicon Valley! Browse a list of Cambrian Park homes for sale below. Or use this link to view a “map search of Cambrian listings“, which you can customize with criteria such as […].

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Mortgage industry veteran joins Affinor Growers advisory board

Mortgagebroker News

He will be aiding the firm’s expansion across Canada and international markets

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New Jersey Multi-Estate Curated Online Auction Ends August 26

Magnusson Group

Visit Sale View More Photos. The Magnusson’s are pleased to bring you a carefully curated multi-estate collection fresh to market from prominent New Jersey homes. This grouping features a wide variety of quality home decor, artwork and design. Spanning a multitude of tastes and trends, this auction has something for everyone to bid on! As a courtesy to bidders, we will host two days of previews on August 25th and 26th from 10am-3pm at our gallery in advance of the sale closing.

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Canada home sales – what’s happening?

Mortgagebroker News

Inventory continues to be a main factor in the national market’s dynamics

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After FHFA leadership change, what’s next for brokers?

Housing Wire

The recent changes to the Federal Housing Finance Agency (FHFA) leadership and regulatory environment will greatly affect the broker community, products and services. HousingWire recently sat down for a conversation with Flagstar Bank President of Mortgage Lee Smith and SVP of National Sales for TPO John Gibson to discuss how brokers can continue to maintain momentum even with these changes.

Investing 406