Tue.Sep 20, 2022

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How one small lender is navigating the turbulent market

Housing Wire

Delray Beach, Florida-based mortgage lender ResMac, Inc. , like many others, has trimmed its workforce so its cost structure is in line with reduced origination volume. The company is focused on expanding beyond residential loans amid a price war and surging rates. To grow in the coming years, it seeks to raise capital. It’s all part of a strategy to not only survive the most challenging mortgage market in decades, but to come out of it stronger.

Marketing 349
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The Mysterious “Company Policy”

The Appraiser Coach

Before the COVID-19 pandemic began, my daughter was doing some volunteer work in South America, helping people who have been rescued from the human trafficking industry. She was down there. Read More.

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How to maintain loan quality in a rapidly changing market

Housing Wire

With so much changing in the market, it’s no surprise that the risk of mortgage fraud has increased this year. HousingWire recently spoke to Donna Gibson, COO and president of QC Ally, about fraud prevention and loan quality outlook for the rest of 2022. HousingWire: In this time of market change and as we head towards the last quarter of 2022, what are the hot topics in risk, fraud prevention and loan quality?

Marketing 321
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Sales Slip, Prices Soften From July

Appraisal Buzz

According to recent August data in the latest RE/MAX National Housing Report, home sellers, on average, accepted offers below their listing prices last month –a further indication of rebalancing in the housing market. Across the report’s 51 metro areas, the average Close-to-List Price Ratio in August was 99%, meaning that homes sold for 1% less … The post Sales Slip, Prices Soften From July appeared first on DSNews.

Sellers 195
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Court shuts down alleged sham mortgage relief operation in California

Housing Wire

The Federal Trade Commission (FTC) and the California Department of Financial Protection and Innovation (DFPI) secured a court order that temporarily shut down the operations and froze the assets of Home Matters USA , Academy Home Services , Atlantic Pacific Service Group , Golden Home Services America and its owners, Dominic Ahiga and Roger Scott Dyer. .

Mortgage 318
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The Mysterious “Company Policy”

Appraisal Buzz

Before the COVID-19 pandemic began, my daughter was doing some volunteer work in South America, helping people who have been rescued from the human trafficking industry. She was down there … Read More. The post The Mysterious “Company Policy” appeared first on Appraisal Buzz.

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Five Star Presents Annual Women in Housing Leadership Awards

Appraisal Buzz

The 11th Annual Women in Housing Leadership Awards event capped off the 2022 Five Star Conference and Expo, recognizing the achievements of businesswomen impacting the housing and mortgage servicing industry. The post Five Star Presents Annual Women in Housing Leadership Awards appeared first on DSNews. The post Five Star Presents Annual Women in Housing Leadership Awards appeared first on Appraisal Buzz.

Appraisal 150
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Angela Harkins Qualifies for 2022 Lamacchia Realty President’s Club

Lamacchia Realty

Angela Harkins has officially qualified for the 2022 President’s Club by surpassing $16,000,000 in sales volume! This is Angela’s 6th year achieving this milestone ! Additionally, she is a member of the 2020 and 2021 President’s Club ELITE. Angela is extremely hardworking and is a consistent top-producing REALTOR® in the Chelmsford office and company-wide.

Realty 70
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Five Star Foreclosure Lab Showcases Servicer, Government, Attorney Experts

Appraisal Buzz

The Foreclosure Lab delved into topics such as where the default industry is headed, how loan mods can assist homeowners, and streamlining attorney-servicer partnerships. The post Five Star Foreclosure Lab Showcases Servicer, Government, Attorney Experts appeared first on DSNews. The post Five Star Foreclosure Lab Showcases Servicer, Government, Attorney Experts appeared first on Appraisal Buzz.

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8 Things to Avoid After Applying for a Mortgage

Assurance Financial

After months of searching, you’ve finally found the perfect house. Congratulations on your exciting milestone! While you’re undoubtedly excited about this opportunity, it’s a good idea to be careful during this time to avoid jeopardizing your application approval. Some of the top things to avoid after applying for a mortgage include: 1.

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Carrington’s Wes Iseley Honored With Five Star Lifetime Achievement Award

Appraisal Buzz

The ceremony also included a spotlight on charity Operation Homefront’s work to assist military veterans, and the presentation of a donation from Auction.com. The post Carrington’s Wes Iseley Honored With Five Star Lifetime Achievement Award appeared first on DSNews. The post Carrington’s Wes Iseley Honored With Five Star Lifetime Achievement Award appeared first on Appraisal Buzz.

Appraisal 195
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How Long Does It Take to Sell a Home in Today’s Market?

San Jose Real Estate

For the homes which DO sell (and not all homes which are listed become sale pending), the average is in the 3-4 week range for them to sell in Silicon Valley (San Mateo and Santa Clara counties generally).

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Why Your “Pitch Deck” Won’t Work (and What to Do Instead) (Part 2)

BiggerPockets

The way you pitch anything is how you pitch everything. So how are you showing your professionalism in meetings, negotiations, or presentations? Are you rolling in nervously with a pitch […].

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How are Canadians coping with plummeting housing affordability?

Mortgagebroker News

Homes are now less affordable than at any point in over three decades, research shows

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Did I Predict the 2022 Housing Market Correctly? What I Got Right and Wrong

BiggerPockets

As I begin gathering my thoughts about what might happen next year, I like to look back at my predictions for the previous year to see how I did. It’s […].

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The Different Florida Lifestyles

Lamacchia Realty

THE DIFFERENT FLORIDA LIFESTYLES. Florida is the perfect place for families and young professionals, but it’s also a great place to retire. With so many diverse areas of the state, you can easily find a lifestyle that suits your personality. Here we’ll discuss some of the most common Florida lifestyles and how they differ. The Panhandle. With the state capital of Tallahassee in the area, there are plenty of restaurants, museums, and nightlife for people to take advantage of.

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Canada's inflation rate falls again

Mortgagebroker News

Annual price growth has now declined for two consecutive months

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When is the Best Time to Buy a House?

PennyMac

When you’ve decided you want to move or buy a home, you might be wondering how important timing is. For some things in life, timing is everything. But for buying a house, timing is only part of the equation. Still, timing does play an important role in your homebuying experience and ultimately how much you might end up paying for your new house, so it’s important to consider when it’s a good time to buy a house.

Sellers 36
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What's behind the rise of credit unions in Canada?

Mortgagebroker News

Loan originations by those lenders posted a noted increase this summer

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The Best Ways to Get Shade in Your Backyard

Eppraisal

Depending on the direction your house faces, chances are you may have some unwanted sun where you'd rather have shade. If your backyard has eastern exposure, you will have sun in the morning and early afternoon. Western exposure? You'll have sun in the afternoon and early evening. With northern or southern exposure, you'll have a combination of sun and shade throughout the day.

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Will a recession be necessary to cool inflation?

Mortgagebroker News

Six out of the eight surveyed believe it gets worse before it gets better

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Mortgage rate volatility affecting pace of new home sales

Housing Wire

New home purchase applications in August were down year over year but rebounded after four consecutive months of declines despite higher mortgage rates, declining homebuilder sentiment and looming economic uncertainty, the Mortgage Bankers Association (MBA) said. The MBA’s builder application survey (BAS) data for August showed mortgage applications for new home purchases declined 10.1% from a year ago.

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Housing affordability is at its worst since the 90s bubble

Mortgagebroker News

Mortgages are now eating up almost half of household income

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Opinion: Stop subsidizing Wall Street buying up homes

Housing Wire

No serious observer of today’s economy doubts that it is harder and harder for everyday folks to buy a home. This is especially true for first-time homebuyers across the country, in exurbs, Sunbelt suburbs, and neighborhoods in cities large and small. This escalating unaffordability affects the long-term opportunities of virtually everyone who doesn’t own a home, and the children of those who do.

Investors 405
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Forum on Indigenous housing investments to be held in October

Mortgagebroker News

"An event like this is long overdue in the Atlantic region"

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Housing starts rise in August even as builder confidence falls

Housing Wire

Even as homebuilder sentiment continued to slide in September, reaching its lowest level since May 2014, housing starts were on the rise in August, increasing 12.2% from July , according to a report released Tuesday by U.S. Census Bureau and the U.S. Department of Housing and Urban Development. In August, housing starts rose to a seasonally adjusted annual rate of 1.575 million.

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Rental prices exhibit "outsized growth"

Mortgagebroker News

Find out how much rent has risen compared to a year ago

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SFR Roundtable Weighs in on Investment Climate, Market Conditions

Appraisal Buzz

As the second day of the 2022 Five Star Conference continued, experts from the SFR space gathered for this year’s installment of the Single-Family Rental Roundtable. Opening with a keynote speech from RCN Capital CEO Jeffrey Tesch, this year’s SFR Roundtable was presented by Host sponsor RCN; Co-Host sponsor CoreVest; and Partner sponsor Finance of … The post SFR Roundtable Weighs in on Investment Climate, Market Conditions appeared first on DSNews.

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Digital Solutions for Manufacturing HR Challenges

GoForrmz

HR teams deserve the best tools available to do their work well Human resources teams in every industry are held to a high standard. Their job is not only to attract the best talent, but to retain them, reward them for their work, keep operations running smoothly without extravagant labor costs, and keep employees motivated about the work they do. HR teams see the entire lifecycle of each employee at their organization and are responsible for the growth and development of much of it.

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What Is My Incentive?

Appraiserblogs

Why would I bother taking on the added risk of an inconvenient process? Where is my incentive again? As an appraiser, I have to ask (seriously) why should I care if the profession has a shortage of skilled appraisers? Logic dictates that If there is a shortage, then I will remain busy. Even if waivers (another ruse to eliminate appraisal work) increase, I’ll be busier with fewer appraisers.

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Northwest MLS Unveils Changes to Compensation Guidelines

Will Springer Realtor

To improve consumer protections in real estate, owners who plan to sell their homes on the open market will establish compensation guidelines for both real estate brokers working on the transaction and their firms. That’s according to updated policies that take effect Oct. 3 on for-sale properties added to the Northwest Multiple Listing Service. The broker-owned Northwest MLS, a non-profit which serves 26 counties in Washington, is doing away with the long-established method in which the listing

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