Tue.Nov 08, 2022

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Saying goodbye to pandemic home price gains

Sacramento Appraisal Blog

Sellers have been saying goodbye to some of the equity they gained during the past couple of years. In Sacramento, we’ve actually lost 40% of the pandemic gains since May. Today I want to talk about price trends, and I hope this is helpful – whether you’re local or not. Skim quickly or digest slowly. […]. The post Saying goodbye to pandemic home price gains first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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MeridianLink acquires mortgage fintech OpenClose for $65M

Housing Wire

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. In a statement filed with the Securities and Exchange Commission , MeridianLink said it would pay $65 million in cash to buy the Florida-based company.

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Revolving Debt Surges as Credit Card Rates Hit 18-Year High

Eyes on Housing

According to the Federal Reserve’s latest G.19 Consumer Credit report, consumer credit (ex-real estate) grew at a seasonal adjusted annual rate (SAAR) of 6.8% in the third quarter of 2022. Revolving debt increased at a 12.9% rate, more than double the pace of nonrevolving debt (+4.9%). Credit card interest rates reached 16.3%, the highest level since the inception of the.

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Flagstar’s $2.6B merger with NYCB receives Fed blessing

Housing Wire

The Federal Reserve has given the green light for the proposed merger between Flagstar Bank and New York Community Bank to go through, about 19 months after the deal was agreed to. The $2.6 billion merger deal, which was first announced in April 2021, is now expected to close on Dec. 1. The Office of the Comptroller of the Currency approved the merger in late October.

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Sausalito Home Values (Housing Market Trends and Charts)

Realvals

The charts below show a visual representation of the Sausalito, California, housing market. The numbers in these charts come straight from BAREIS MLS, so you have a real look into the real trends in the market. These five charts are updated monthly, each with an entire year of data. * Please bookmark this page if you want to keep up with the trends in the Sausalito, California, housing market. *.

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Radian joins ranks of companies doing layoffs

Housing Wire

Mortgage insurer Radian Group Inc. announced it will lay off 166 employees, effective Dec. 1 from two of its offices in Pennsylvania. Out of these workers, 66 employees are from Radian’s Delaware County headquarters and 100 are from the Allegheny County office. The company employed 1,800 people at the end of 2021. Radian has joined the many mortgage and real estate companies who have laid off employees to cope with a volatile market due to the Federal Reserve’s rate hikes, among other factors.

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LodeStar partners with LendingPad

Housing Wire

LodeStar Software Solutions, a provider of compliance tools for mortgage lenders, has partnered with loan origination system and software provider LendingPad, it announced on Tuesday. The aim of the partnership is to introduce LodeStar Discovery, a closing fee calculator, to mortgage loan originators using the LendingPad platform. LodeStar Discovery provides access to title and closing fees across the U.S. and can help users generate quotes and estimates on LendingPad as part of an integrated ex

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That Car Costs How Much per Pound?

The Appraiser Coach

There have been many times that I’ve heard of, or experienced myself, when an appraisal is being done, and at some point during the walk-through the agent shows up with. Read More.

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MCT taps Jennifer Kennelly for investor services team

Housing Wire

Mortgage Capital Trading (MCT) announced the appointment of Jennifer Kennelly as the new senior director of its investor services team. Kennelly’s professional career spans more than 25 years, including roles as national sales executive at LoanCare, capital markets director at Lenders One Mortgage Cooperative, managing director at Compass Analytics and positions at Freddie Mac.

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How to increase home value: 10 best indoor maintenance tips

Houston Properties

Want to sell your home faster for more money? Well, Your home should be a lot more to it than meets the eye. Don't just focus on the exteriors. Check the inside too!

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Protected: Lamacchia Realty Offers Assumable Mortgage Services

Lamacchia Realty

This content is password protected. To view it please enter your password below: Password: The post Protected: Lamacchia Realty Offers Assumable Mortgage Services appeared first on Lamacchia Realty.

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Homebound in Houston? 6 Fun Things To Do With Your Partner

Houston Properties

Stuck at home with your partner? If you're looking for something to do beyond watching an old movie, here are 6 activities you can do to switch it up.

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Affordability challenges show little sign of easing, says banking giant

Mortgagebroker News

Pandemic savings will only partly mitigate the impact of reduced purchasing power, according to economist

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Quick and Easy Renovation Tips: How To Add Value To Your Houston Home

Houston Properties

Want to get top dollar for your property? Check out these quick home improvement tips for your Houston home that can add value at near zero cost.

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The Middle Class Wealth Boom Is Over—According To Bloomberg

BiggerPockets

Many Americans dream of a middle-class lifestyle, which has looked even rosier over the past five years. A bullish stock market characterized the period before the pandemic, and record-breaking increases in housing […].

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Upper Midwest BPA Conference

Valuation Nation

11/08/2022. I am sitting in the airport after having attended the Building Performance Association’s (BPA) upper mid-west conference in Bloomington, Minnesota waiting to fly home. It was a great conference and unlike anything I have ever attended before. The BPA is an association that, in their own words: “To advance a thriving industry delivering improved energy efficiency, health, and environmental performance of buildings.

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$1.1M in Real Estate at 21 WITHOUT a W2, Tax Return, or Degree!

BiggerPockets

The path to financial freedom is a marathon, not a sprint. It requires patience, discipline, sacrifice, and a long-term mindset. Today’s guest, Logan Kohn, is on his way to financial […].

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RBC: Prolonged housing market deceleration in the offing

Mortgagebroker News

The central bank's rate hikes served as significant headwinds to the market this fall

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Eight Ways to Prepare Your Home for Winter

Eppraisal

Whether you plan to sell your home this winter or not, here are eight key tips for preparing and weatherizing your home to survive the winter. Homeowners who perform preventative measures to their homes can even increase the values of their homes over time. Preventative measures can save you a lot of time, money and heartache. Heating, Ventilation and Air Conditioning (HVAC) System Have your HVAC system cleaned and checked before you turn on your furnace or heater for the first time this season.

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How technology continues to change the mortgage game

Mortgagebroker News

"We really wanted to make sure we offer that same type of process in the mortgage world"

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VIDEO: Pausing to Remember Our Veterans of War

Will Springer Realtor

Evergreen Washelli Park is the final resting spot for more than 160,000 souls. They include local dignitaries such as Bertha Knight Landes, Seattle’s first woman mayor from the 1920s, Judge Thomas Burke, whose moniker is best known now as a trail namesake, and David and Louisa Denny, the original landowners of the grounds and some of the earliest white settlers to the Emerald City.

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Feds, NB government to fund affordable housing development organization

Mortgagebroker News

Housing market challenges are especially pronounced in the province's rural areas, officials say

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The State of Commercial Real Estate in D.C.’s “East End”

Willowbrook Valuation

Throughout 2022, the team at Willowbrook Valuation has examined the state of commercial real estate in a wide range of locations in the Mid-Atlantic region. We’ve explored areas like Baltimore’s Eastern County, Frederick, MD, Towson and several other hot spots so far. However, we have yet to turn our attention to the nation’s capital. We’re […].

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When can a reverse mortgage make sense for a more affluent retiree?

Mortgagebroker News

It could be a better financial option than selling and renting or downsizing

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A shrinking loanDepot reports $137.5M loss in Q3

Housing Wire

Even though financial losses narrowed, loanDepot ’s third-quarter earnings are evidence that the company’s struggles are far from over. The California-based mortgage lender on Tuesday reported its second consecutive quarterly loss in large part to plummeting mortgage production. And it expects production to fall sharply in the fourth quarter. On the bright side, margins improved thanks to the lender’s exit from the wholesale channel as well as a series of cost-cutting initiatives.

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Bridgewater VP talks relationship-building approach, market opportunities

Mortgagebroker News

Company is "open for business" amidst changing mortgage landscape

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GSEs set aside billions to cover home value declines

Housing Wire

Revenue and net income were both down for Fannie Mae and Freddie Mac in the third quarter, and the two government sponsored entities (GSEs) expect the housing market to deteriorate further in the fourth quarter. Collectively, the GSEs have set aside $4.3 billion in credit loss builds to account for a decline in home values in the fourth quarter, according to earnings reports from the housing finance giants.

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How is the Edmonton housing market shaping up?

Mortgagebroker News

The city is not plagued by the issues seen in powerhouse markets

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Freddie Mac appoints Shankar to lead its single family portfolio and servicing

Housing Wire

The Federal Home Loan Mortgage Corporation ( FHLMC, or Freddie Mac ) has appointed mortgage and financial services veteran Ravi Shankar to serve as senior vice president and head of its single family portfolio and servicing division, the company announced on Tuesday. Shankar, who has more than 30 years of experience managing finance, capital markets, portfolios, and mortgage trading operations, will report to Freddie Mac President Mike Hutchins.

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Avison Young highlights Vancouver industrial market's resilience

Mortgagebroker News

The market has seen its fifth consecutive quarter of ultra-low vacancy rates

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Canadian Mortgage Summit: Lenders to explore alternative solutions

Mortgagebroker News

The much-anticipated event is just over two weeks away