Housing Wire

JUNE 21, 2022

The housing nightmare continues. The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 million , down 3.4% from the previous month and 8.6% from last year. But, the savagely unhealthy data line was that home prices are up 14.8%. Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, has

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Housing Market Marketing Inventory Mortgage 540

Appraisal Buzz

JUNE 21, 2022

The rate of critical defects in mortgage loans increased to 1.95% in the fourth quarter of 2021, according to ACES Quality Management Mortgage QC Industry Trends Report. That’s an increase of 4% compared with the third quarter of 2021. The report analyzes post-closing quality control data derived from ACES Quality Management & Control software. Defects related to income/employment decreased in overall share but remained the most frequently cited issue, even after pandemic-related verificatio

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Mortgage Appraisal 195

Housing Wire

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Title insurance is imperative for lenders to ensure the borrower has ownership rights to a property, but it doesn’t just protect against problems affecting title.

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Insurance Easement Real Estate Investing 509

Appraisal Buzz

JUNE 21, 2022

Evguenia Yerukhimovich has joined GPARENCY , a commission-free commercial mortgage brokerage, as product manager to oversee the discovery, design and solution exploration for GPARENCY products. Yerukhimovich most recently served as a multifamily product manager for Freddie Mac, where she was responsible for developing and maintaining complex web-based engines and apps for multifamily business management.

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Housing Wire

JUNE 21, 2022

The stock market has not been kind to mortgage lenders – some are now trading in the $1-a-share range. In a one-week period between June 10 and June 17, 11 publicly traded mortgage companies lost a collective $6.14 billion in market capitalization. As investors fled the space, their valuations declined 17.4% to $29 billion in aggregate, according to a HousingWire analysis of stock data.

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Mortgage Valuation Investors Finance 395

Appraisal Buzz

JUNE 21, 2022

The MBA reports that the share of U.S. loans in forbearance fell to 0.85% in May. However, the report cautious that pressure may be placed on those in workout options due to inflation and a rise in rates. The post Pace of Monthly Forbearance Exits Slows in May appeared first on DSNews. The post Pace of Monthly Forbearance Exits Slows in May appeared first on Appraisal Buzz.

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Appraisal 195

Appraisal Buzz

JUNE 21, 2022

Tai Christensen of CBC Mortgage Agency discusses the importance of the Juneteenth holiday on the housing marketplace, and the D&I efforts the industry are taking to move forward. The post Expert Insights: And Housing for All … appeared first on DSNews. The post Expert Insights: And Housing for All … appeared first on Appraisal Buzz.

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Appraisal Mortgage 195

Housing Wire

JUNE 21, 2022

Fewer homeowners paused or reduced their mortgage payments in May, continuing the decline from April when the total number of loans in forbearance fell to a level below 1% of servicers’ portfolio volume. The share of loans in forbearance dropped by 9 basis points to 0.85% in May from April’s 0.94%, according to the Mortgage Bankers Association (MBA).

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Mortgage 383

Appraisal Buzz

JUNE 21, 2022

Inflating mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. According to the latest market report from Zillow, demand for homes has pulled back in response —easing price growth, slowing sales, and boosting inventory. Mortgage rates shot up in early June, averaging … The post Housing Affordability Hits 15-Year Low appeared first on DSNews.

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Inventory Mortgage Appraisal Marketing 195

Housing Wire

JUNE 21, 2022

New Residential Investment Corp. announced on Friday that it has decided to internalize the company’s management, a step that the real estate investment trust estimates will reduce its costs and potentially attract more institutional investors to its stock. The company is also changing its name to Rithm Capital, reflecting the diversification of its businesses as more than just a mortgage real estate investment trust.

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Investing Real Estate Investors Legal 383

Appraisal Buzz

JUNE 21, 2022

Does your subject property really front on the water? You might remember a case that made national news some time back involving a six-foot-high pink stockade fence erected between several houses and a small lake (actually just a large retention pond). Purchasers of the homes in what was a brand-new subdivision chose those specific lots and paid extra for them, not only because they backed up to the water, which afforded access and a.

Appraisal 195

Appraisal 195

Housing Wire

JUNE 21, 2022

Despite rising interest rates , higher home prices and a drop in refinance volume , the American Land Title Association recorded $5.89 billion in title insurance premium volume during the first quarter of 2022, compared to $5.68 billion a year prior, according to the trade group’s Market Share Analysis , published Friday. The title insurance industry had a record year in 2021 , generating $26.2 billion in premiums, which ALTA attributed to historic mortgage origination activity and the substanti

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Insurance Home Value Contracts Marketing 304

Appraisal Buzz

JUNE 21, 2022

The Mortgage Bankers Association (MBA) and National Fair Housing Alliance (NFHA) have debuted a new online toolkit for mortgage lenders interested in developing Special Purpose Credit Programs (SPCP). SPCPs permit lenders to offer mortgage credit to economically and socially disadvantaged borrowers and are an important tool for ensuring financial institutions can meet the needs of their consumers.

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Development Tools Mortgage Appraisal 195

The Appraiser Coach

JUNE 21, 2022

While getting ready for a big trip with my wife, I found myself in my home office working some odd hours. I was in the zone, cruising through my to-do. Read More.

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Inspection Advertising Real Estate Agent Government 195

Appraisal Buzz

JUNE 21, 2022

While getting ready for a big trip with my wife, I found myself in my home office working some odd hours. I was in the zone, cruising through my to-do … Read More. The post Where is Your Focus? appeared first on Appraisal Buzz.

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Appraisal 150

Eyes on Housing

JUNE 21, 2022

As rising mortgage rates and higher home prices continued to price out homebuyers, existing home sales declined for four consecutive months, according to the National Association of Realtors (NAR). However, the trend in home price appreciation continued as supply remained tight. The median existing home prices in May surpassed $400,000, the highest level on record since 1999.

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Realtors Mortgage 162

Appraisal Buzz

JUNE 21, 2022

Five Star’s recent Diversity and Inclusion Symposium tackled the industry’s hot-button D&I topics through an open dialogue and exchange of ideas in D.C. The post Opening New Doors Through the Advancement of D&I Initiatives appeared first on DSNews. The post Opening New Doors Through the Advancement of D&I Initiatives appeared first on Appraisal Buzz.

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Appraisal 150

Appraiserblogs

JUNE 21, 2022

Stealthy vice again masquerades as public virtue. The head of yet another government-subsidized nonprofit was found funneling cash to cronies while raking in obscene compensation. The nation’s long-suffering appraisers will recognize the pattern in a porcine publisher they are forced to frequently slop as frenzied Beltway porkers go whole-hog on the swill.

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Appraisal Government 128

McKissock

JUNE 21, 2022

Being a real estate agent can be really hard. It consists of long days, fickle clients, failed closings, and so much more. But it’s also highly rewarding. Finding a client the perfect home or selling a property for a family desperate to move—not to mention the financial rewards that come with being a great agent—all feel wonderful. Still, when times are tough, it helps to have a source of motivation, inspiration, and insight.

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Real Estate Agent Real Estate Agents Architecture 94

GoForrmz

JUNE 21, 2022

Let us know which new features you’d like to see within GoFormz Delivering exceptional customer experiences should be at the top of every company’s priority list. At GoFormz, we take this task seriously and are always looking for ways to engage with our customers. This week we are excited to launch the new Feature Request Portal , which will provide a centralized place to provide ideas, feedback, and receive status updates for our users.

Development 78

Development 78

McKissock

JUNE 21, 2022

Does your subject property really front on the water? You might remember a case that made national news some time back involving a six-foot-high pink stockade fence erected between several houses and a small lake (actually just a large retention pond). Purchasers of the homes in what was a brand-new subdivision chose those specific lots and paid extra for them, not only because they backed up to the water, which afforded access and a view of the pond, but also because they avoided neighbors back

Appraisal 88

Appraisal Investors Legal Development 88

Listing Spark

JUNE 21, 2022

Hey, real estate fans! Unless you’ve been living underneath a rock, you have likely heard talks of a housing market bubble that could burst at any moment. Don’t worry – we’re not seeing any crashes anytime soon. The real estate industry has been experiencing some shifting trends lately, and when compared to the last crash, there are plenty of factors that make this time different from 2008.

Sellers 69

Sellers Housing Market Marketing Inventory 69

Eppraisal

JUNE 21, 2022

Thinking of selling your home and making some improvements before you list it? Consider a look at your home's exterior. How you present the exterior of your home will give potential buyers their first impression. Performing some improvements to the exterior of your home will not only improve your curb appeal, but it will also garner a higher price when you sell.

Buyers 69

Buyers Home Value Design Investing 69

Mashvisor

JUNE 21, 2022

Among everything that a property investor needs to consider, it’s essential to assess what’s a good credit score for financing the investment. Table of Contents What Is a Credit Score?

Finance 67

Finance Investing Investors Real Estate 67

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand.

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Housing Market Bracketing Marketing Sellers 67

BiggerPockets

JUNE 21, 2022

If you’re anything like me, you grew up believing rental properties were inherently profitable. Within that belief, you likely didn’t know how they made money, just that they did. Well, […].

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Landlords 65

Berkshire Hathaway

JUNE 21, 2022

We have all been there – deciding on whether or not to save time and money by taking listing photos of our home ourselves, or hiring a professional photographer to do the work for us. If you’ve been in the real estate game long enough, you know that choosing photography for your listings used to be something that set you apart. Here are 5 reasons that using a professional photographer for your listing photos is an absolute MUST!

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Real Estate Buyers Agents Retail 58

Total Motgage

JUNE 21, 2022

If you’ve been eagerly awaiting your chance to make the most out of your yard, now’s your time to shine! Summer is the best season for outdoor get-togethers and relaxing in the sun—make your home the go-to party destination with these tips!

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Mortgage 59

Mortgagebroker News

JUNE 21, 2022

Pandemic-era restrictions drove many Canadians towards the larger, more affordable properties available in the suburbs

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Total Motgage

JUNE 21, 2022

Hello! My name is Carmen. I'm the Social Media Manager at Total Mortgage and usually the person putting together the employee spotlights! I'm a New Haven, CT native and received my Bachelor's degree in Business Administration with a concentration in Marketing.

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Mortgage Business Marketing 59

Will Springer Realtor

JUNE 21, 2022

On June 24, 2021, along the southeastern coast of Florida, a tragedy was about to unfold. The signs were adding up for years but – despite calls for action from experts – homeowners of the Champlain Towers South condominium failed to act in time. The 12-story, 136-unit structure in the beachfront community of Surfside – along with the lives and futures of the people inside – collapsed in the middle of the night into an unfathomable pile of steel and concrete.

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HOA Law Buyers Development 54

BiggerPockets

JUNE 21, 2022

Your connections and relationships are invaluable in real estate, so how do you get to know the right people? How do you build a lasting, mutually beneficial relationship? The answer […].

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Investors Real Estate 56

Mortgagebroker News

JUNE 21, 2022

At the same time, the federal government should step up in helping the BoC manage the crisis

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Business Government 68

Berkshire Hathaway

JUNE 21, 2022

Stroll the downtown heated streets and cobblestone sidewalks where over 100 specialty shops, breweries, and restaurants invite you to shop, dine, and enjoy the charming downtown. Dine along the waterfront or at a local cafe. Hike to the top of a sand dune, or climb to the top of a windmill. Explore a quaint Dutch village or a modern college campus.

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Modernization Design Real Estate 36