Fri.Apr 22, 2022

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Wells Fargo cuts mortgage jobs amid poor outlook

Housing Wire

A Wells Fargo bank branch. Wells Fargo & Co., the top depositary mortgage lender in the country, is cutting jobs in its home lending business, just days after reporting weak mortgage earnings in the first quarter of 2022. “The home lending displacements this week are the result of cyclical changes in the broader home lending environment,” a Wells Fargo’s spokesperson told HousingWire.

Mortgage 410
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Home Value Forecast Predicts Slowdown in Growth

Appraisal Buzz

Rapidly rising mortgage rates are worsening affordability challenges that have been brought on by record home value growth. According to the March Zillow Real Estate Market Report, monthly mortgage payments on the typical U.S. home are 19.5% higher than they were three months ago, and 38% higher than a year ago. Despite this, the pace … The post Home Value Forecast Predicts Slowdown in Growth appeared first on DSNews.

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How Blend plans to survive a shrinking mortgage market 

Housing Wire

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. The Nima Ghamsari-led fintech is doubling down on its long-term strategy to offer a complete digital origination journey for clients.

Mortgage 397
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The Old Lady Who Lived in a Shoe… and Needed an Appraisal

Appraisal Buzz

The post The Old Lady Who Lived in a Shoe… and Needed an Appraisal appeared first on Appraisal Buzz.

Appraisal 370
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HW+ Member Spotlight: Matthew Blanchard

Housing Wire

This week’s HW+ member spotlight features Matthew Blanchard, producing sales manager at Academy Mortgage Corporation. Blanchard previously worked art Loan Depot before joining in growing Academy Mortgage Corporation. Standing proudly since 1988, AMC has continued to build and promote a united culture for the lives of their employees, partners, homeowners, and communities.

Buyers 370
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Demand Grows in 3D Tours of SFR Properties

Appraisal Buzz

Virtual tours have gained in popularity over the past two years, with Charlotte, North Carolina leading the way with a 1,571% increase in interest. The post Demand Grows in 3D Tours of SFR Properties appeared first on DSNews. The post Demand Grows in 3D Tours of SFR Properties appeared first on Appraisal Buzz.

Appraisal 284

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The Week Ahead: Servicing Industry Meets Government Leaders to Chart Future

Appraisal Buzz

The upcoming Five Star Government Forum will bring together industry stakeholders and their government partners to Washington, D.C. to discuss the mortgage and housing landscape in 2022 and onward. The post The Week Ahead: Servicing Industry Meets Government Leaders to Chart Future appeared first on DSNews. The post The Week Ahead: Servicing Industry Meets Government Leaders to Chart Future appeared first on Appraisal Buzz.

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High Home Prices Are Leading More Buyers To Give Up Home Search

Eyes on Housing

An earlier post revealed that 67% of buyers who were actively engaged in the process of finding a home in the 1st quarter of 2022 have spent 3+ months searching for a home without success. By far, the most common reason these long-term searchers cite for not having bought by now is their inability to find an affordable home (48%). .

Buyers 166
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LRES Promotes Martha Zamora to Director, Assignment

Appraisal Buzz

In her new role, 25-year industry veteran will oversee multiple assignment teams at LRES. The post LRES Promotes Martha Zamora to Director, Assignment appeared first on DSNews. The post LRES Promotes Martha Zamora to Director, Assignment appeared first on Appraisal Buzz.

Appraisal 195
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GoFormz Celebrates Earth Day 2022

GoForrmz

This Earth Day 2022, we are incredibly proud of our paperless customers working towards a greener workplace As we observe another Earth Day, here at GoFormz we celebrate by recognizing all of our customers that have taken incredible strides in their paperless initiatives. By digitizing physical paper documents, collectively we have saved over 18,035 trees by digitizing over 41,398,474 form s – that’s more than 150,291,205 pages of paper !

Business 148
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Disclosure Example: Extraordinary Assumption

Appraisal Buzz

In an appraisal assignment, an extraordinary assumption is employed to presume certain unknown information as fact. An extraordinary assumption is related to a specific assignment, and takes information that is unknown as of the effective date of the assignment results and assumes it to be true. If this assumption were found to be false, it could affect the appraiser’s opinions and conclusions.

Appraisal 195
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Fewer Prospective Buyers Are Actively Searching for a Home

Eyes on Housing

A growing segment of prospective home buyers aren’t moving past the planning stage. At its peak in mid-2021, 61% were actively trying to find a home to buy. Now, the share is back to pre-pandemic levels, at 46%. This is clear evidence that higher mortgage rates and double-digit growth in home prices are discouraging a growing share of buyers from.

Buyers 142
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Blue Sage, Docutech Integrate DART Digital Registry System

Appraisal Buzz

DART (Digital Asset Registration Technologies Inc.), a combined lien and eNote registry system developed by Figure Technologies Inc. using blockchain technology, has two new integration agreements. The first is with Blue Sage , a cloud-based digital lending platform for retail, wholesale and correspondent lenders. The second is with Docutech , a provider of document, eSign, eClose and digital-to-print fulfillment technology for the mortgage industry and a member of the First American family of c

Retail 195
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Assurance Financial, Rocket Mortgage and More Talk Sports Marketing

Assurance Financial

Assurance Financial CEO and President, Kenny Hodges, was featured in an article by National Mortgage News on the mortgage industry’s increasing alignment with sports brands. “From bass fishing to the Super Bowl, lenders see a large pool of consumers they can reach through athletic sponsorships. “When you’re in a college town – in general – those colleges are one of the biggest employers.

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Lamacchia Realty Officially Opening in Northborough

Lamacchia Realty

Friday, April 22 – Announced today, Lamacchia Realty will be opening a new branch office in Northborough at 382 W Main Street! This new office will allow the company to provide even more support to buyers, sellers, and Lamacchia REALTORS® all throughout Worcester County. Over the past few years, the company has experienced significant growth in Shrewsbury, Westborough, Northborough, and Southborough and it was time to open in that area.

Realty 69
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The Best Commercial Appraiser Technology

Real Quantum

FREE | APRIL 28, 11 AM CDT | 60 MINUTES. LIVE WEBINAR | The Best Commercial Appraiser Technology. SAVE MY SPOT. Agenda. According to the McKissock 2019 Appraisal Income Guide , appraisers who excel at adopting new technologies earn over $44,000 more per year than appraisers who fail to leverage those tools. At the Highest and Best Use Webinar series, we’re always thinking about what new commercial appraiser technology they can use to make their lives easier, work faster, and grow rev

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You've Closed on Your House, Now What?

Eppraisal

Congratulations on your new home! It is a great time to purchase a home, as home values are still rising. You can look forward to moving into your new home and making it your own. Now that you have closed on your new home, there are a few things you need to attend to right away. Title and Deed Be sure the place you closed on your home, or your attorney, records your deed.

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Non-QM lenders struggle to navigate volatile waters

Housing Wire

The mortgage market is facing a crisis today, and it’s being fueled by fast-rising interest rates. The rate escalation started at the beginning of this year and is continuing to play out. It’s a crisis that one industry executive describes as “a situation where we have to get the pig through the belly of the python.”. The mortgage industry, really the entire economy, is coping with fast-rising inflation further aggravated by jammed-up supply chains, the escalating war in Ukraine, and the related

Lending 397
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Mortgage Calculator: Why Every Investor Needs It

Mashvisor

A mortgage calculator is a tool that every real estate investor needs to use in order to make calculations and predictions about their investment.

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Rookie Reply: Tony’s Troublesome Shreveport Deal ($29k LOSS)

BiggerPockets

Every week, Ashley and Tony reply to a frequently asked question from the BiggerPockets community. But, this week, they’ve decided to finally answer the most asked question yet: what happened […].

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What Is Zumper? Can This Platform Help Real Estate Investors?

Mashvisor

Finding renters for your investment property sometimes can be tricky. Can Zumper help solve this issue? In this article, we will look at what Zumper is.

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Common Florida Home Styles

Lamacchia Realty

COMMON FLORIDA HOME STYLES. One thing is for sure – Florida has something for everybody. Whether you are looking for a condo with a waterfront view, a farmhouse with a huge yard for animals and agriculture, or a modern family home in the suburbs, Florida has you covered! Let’s take a look at some of the most common Florida home styles. We are sure that some of these home styles will catch your eye and that you will soon want to buy a home or build one for yourself right here in the Sunshin

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Top 10 Cheapest Places to Live in the US 2022

Mashvisor

Are you looking for the cheapest places to live in the US? This article lists the top cities with affordable housing and low costs of living.

Tools 69
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Economists weigh in on federal housing proposals

Mortgagebroker News

An array of new measures on housing have been introduced by the Liberal administration

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Real House Prices Increase Close to 31 Percent, Finds First American RHPI

Appraisal Buzz

First American Financial Corp. has released the February 2022 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state and metropolitan area levels. Because the RHPI adjusts for house-buying power, it also serves as a measure of housing affordability.

Appraisal 195
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Are pay raises the answer to labour shortage?

Mortgagebroker News

More than one-third of workers looking for salary boosts, according to report

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Disclosure Example: Extraordinary Assumption

McKissock

In an appraisal assignment, an extraordinary assumption is employed to presume certain unknown information as fact. An extraordinary assumption is related to a specific assignment, and takes information that is unknown as of the effective date of the assignment results and assumes it to be true. If this assumption were found to be false, it could affect the appraiser’s opinions and conclusions.

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Newton launches Velocity in French

Mortgagebroker News

The operating platform will be fully bilingual as of May 01

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The percentage of all cash sales in Santa Clara County

San Jose Real Estate

In 2012 and 2013, Santa Clara County saw many single family homes selling for all cash, no loans. The peak may have been in March 2012, when the percentage of all cash sales was a whopping 25%. That was the beginning of a long housing boom, and today the percentage of all cash sales in […].

Buyers 64