Housing Wire

NOVEMBER 3, 2022

Retail lender and servicer Mr. Cooper has dropped the ax on approximately 800 staffers, roughly a week after hinting that job cuts were coming due to lower origination production. “In the face of market volatility and economic uncertainty, Mr. Cooper Group has taken a disciplined and proactive step to scale back the Originations business, including the elimination of approximately 800 positions,” the company said in a statement. “By aligning our originations operations to the s

Loan Officers 439

Loan Officers Retail Business Investing 439

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. So what can we do? Half my work is non-lending work, and that’s been a blessing. Mortgage lending work is only one type of business where appraisals are needed.

Business 393

Business Appraisal Real Estate Agent Clients 393

Housing Wire

NOVEMBER 3, 2022

One mortgage M&A expert believes that of the 130 or so IMBs that did $1 billion to $2 billion for production in 2021, 17% of them will not even be able to do $500 million over the 12 months ending June 30, 2023. Up to 30% of the 1,000 largest independent mortgage banks are projected to disappear by the end of 2023 via sales, mergers or failures in the wake of the double whammy of still-rising inflation and interest rates.

Mortgage 396

Mortgage Finance Marketing Business 396

Kairos Appraisal Services

NOVEMBER 3, 2022

The ACE+ Property Data Report is a new component that could allow borrowers on Freddie Mac–eligible loans to avoid a full appraisal inspection on purchases or cash-out or rate-term refinances. Instead, property information is collected on-site by a real estate agent, inspector, or data collector using Freddie Mac’s proprietary PDR data sets. When the ACE+… The post The Risks and Rewards of ACE+ PDRs appeared first on Kairos.

Real Estate Agent 105

Real Estate Agent Inspection Real Estate Agents 105

Housing Wire

NOVEMBER 3, 2022

Rocket Companies , the parent of Rocket Mortgage , lost money in the third quarter and also appears to have lost its title as America’s largest mortgage originator. Rocket originated $25.6 billion in mortgage volume in the third quarter , which was 71% lower than the $88 billion in volume it produced in the same period last year, when refinancing business was still plentiful.

Real Estate Agent 384

Real Estate Agent Clients Mortgage Business 384

Empire Appraisal Group

NOVEMBER 3, 2022

More than a quarter of real estate professionals say they avoid having any interaction with an appraiser, falsely believing they legally can’t. Source: Can You Talk to an Appraiser? (nar.realtor). © eyecrave productions – E+/Getty Images. Forty-seven percent of real estate professionals say they have had a transaction fall through due to a problem in the appraisal process, according to the National Association of REALTORS®’ 2022 Appraisal Survey.

Appraisal 78

Appraisal Legal Appraisal Process Real Estate 78

GoForrmz

NOVEMBER 3, 2022

Simplify the busiest time of year for your retail business with digital forms. Retail forms vary depending on your business, but paper documents all end up the same way: an inefficient mess. From managing inventory and customer satisfaction to employee wages and rotating schedules, retail businesses have a plethora of logistics to monitor and maintain.

Retail 78

Retail Logistics Business Inventory 78

Lamacchia Realty

NOVEMBER 3, 2022

November 3rd, 2022 – Nicole Vermillion was featured on Channel 4 CBS Boston discussing what the latest interest rate hike will mean for both buyers and sellers. Nicole not only discusses how increased rates have impacted the real estate market as a whole, but she also discusses her experience in this changing market and how her South Shore buyers and sellers have been impacted by increased mortgage rates.

Realty 67

Realty Sellers Realtors Real Estate 67

Clear Capital

NOVEMBER 3, 2022

AppraisalWorks , Clear Capital Announce Partnership to Streamline Appraisal and Valuation Review for Lenders. Banks, credit unions, loan servicers and mortgage lenders now have access to a suite of tech-enabled products for property valuation. Cleveland, OH / November 3, 2022 / AppraisalWorks , a leading real estate appraisal technology provider, has today announced a partnership with Clear Capital , a national real estate valuation technology company.

Valuation Review 69

Valuation Review Valuation Appraisal Modernization 69

Mashvisor

NOVEMBER 3, 2022

If you’re not yet aware of recent market news, home prices are cooling down. As a result, homebuilders expect a similar market slowdown in 2023.

Real Estate 73

Real Estate Marketing Investors Finance 73

BiggerPockets

NOVEMBER 3, 2022

Landlords got used to rent prices growing every month. As home prices rose and affordability shrank, more landlords took steps to secure their cash flow by increasing rents by sometimes […].

Landlords 58

Landlords Marketing 58

Mashvisor

NOVEMBER 3, 2022

As a real estate investor, do you wonder about looking for rental rates by zip code? Read on to learn how to find rent rates by zip code.

Real Estate 69

Real Estate Investors 69

San Jose Real Estate

NOVEMBER 3, 2022

What does it cost to buy a 4 bed, 2 bath home with good public schools in Silicon Valley? It ranges by almost a 3 to 1 ratio between good and great areas.

Real Estate 57

Real Estate Marketing 57

BiggerPockets

NOVEMBER 3, 2022

By now, you’ve heard about how real estate is a great way to build wealth. I don’t disagree with that. However, before getting started, you should also consider the downsides […].

Real Estate 55

Real Estate 55

Mortgagebroker News

NOVEMBER 3, 2022

Fair Mortgage Solutions' founder, Graeme Moss, discusses the company's emphasis on culture as it brings in new faces – and sounds a positive note for the future prospects of the mortgage broker profession

Mortgage 48

Mortgage 48

BiggerPockets

NOVEMBER 3, 2022

Margin loans, medium-term rentals, and potential mortgage rate mistakes summarize what Carl and Mindy have been up to over the past couple of months. It’s been a minute since we’ve […].

Mortgage 54

Mortgage 54

Mortgagebroker News

NOVEMBER 3, 2022

Inflation levels in 2022 have so far justified the central bank's outsized rate hikes, governor says

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Clear Capital

NOVEMBER 3, 2022

Story by Keith Griffin. Loan servicers and mortgage lenders now have access to a suite of tech-enabled products for property valuation. AppraisalWorks, a real estate appraisal technology provider, has announced a partnership with Clear Capital, a national real estate valuation technology company. The partnership will make it easier for banks, credit unions, loan servicers, and mortgage lenders to order, review, manage, maintain, and analyze real estate appraisals and collateral valuations, the c

Valuation 36

Valuation Real Estate Technology Appraisal 36

Mortgagebroker News

NOVEMBER 3, 2022

Extreme caution appears to be the prevailing strategy among the region's office tenants, new report says

Tenants 52

Tenants Marketing 52

Listing Spark

NOVEMBER 3, 2022

powered by Sounder. Episode overview. New construction builds are becoming more challenging in the current real estate market. With shortages, shifting demand, and more, there’s a lot to consider when building new homes. What can you do to have better margins when it’s time to sell a new house? How can you better prepare for any cost and demand changes?

Construction 36

Construction Real Estate Investors Buyers 36

Mortgagebroker News

NOVEMBER 3, 2022

October sales were down by over 45% year over year in the city's once-scorching market

Marketing 52

Marketing 52

Eyes on Housing

NOVEMBER 3, 2022

The Census Bureau’s latest Survey of Construction (SOC) shows slight changes in the number of full and half bathrooms for new single-family homes started in 2021 compared to 2020. The current data shows that 3.1% of new single-family homes started had one full bathroom or less, 62.6% had 2 full bathrooms, 27.0% had 3 full bathrooms and 7.3% had 4.

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Construction 130

Mortgagebroker News

NOVEMBER 3, 2022

CMP caught up with Alta West Capital recently in Vancouver

Market Value 53

Market Value Lending Marketing 53

Mortgagebroker News

NOVEMBER 3, 2022

"You've got to have the right people doing the right things right"

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Brokerage 50