Housing Wire

OCTOBER 4, 2022

Even as home prices continued to post strong year-over-year growth in August, rising 13.5% for the 127th consecutive month of annual gains, CoreLogic is predicting much smaller yearly home price growth moving forward. August’s double-digit yearly increase is the lowest year-over-year appreciation since April 2021 and it marks the fourth straight month of slowing price growth , according to the data and analytics firm’s Home Price Insights report published on Tuesday.

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Appraisal Buzz

OCTOBER 4, 2022

Disasters have been making headlines recently after a pair of hurricanes—Fiona and Ian—caused damage in the territory of Puerto Rico and from Florida up the East Coast, but as federal aid begins to flow to disaster victims, is now the time to review distribution policies to make sure aid is distributed equitably? According to Carlos … The post Commentary: Is Now the Time to Address Fair Access to Disaster Aid?

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Housing Wire

OCTOBER 4, 2022

Closing fee-related compliance tool provider LodeStar is integrating with title insurance provider Stewart , the companies said Monday. The Philadelphia-based firm said that the integration will allow all users of LodeStar’s closing fee calculator to access the title and settlement fees of any Stewart -related company, including those of independent title agencies issuing Stewart policies.

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Appraisal Buzz

OCTOBER 4, 2022

As an entrepreneur in your business, you are wired to seek and get excited about opportunities. New people, new options, a new environment, or a new place all present a … Read More. The post Howdy, Partner! appeared first on Appraisal Buzz.

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Housing Wire

OCTOBER 4, 2022

Even with a sharp rise in interest rates toward the end of the second quarter, the title insurance industry still recorded a relatively strong fiscal quarter, according to the American Land Title Association’s Market Share Analysis. During Q2 2022, ALTA recorded $6.21 billion in title insurance premium volume, only slightly down from the $6.54 billion recorded a year ago.

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Appraisal Buzz

OCTOBER 4, 2022

CoreLogic has released the CoreLogic Home Price Index (HPI) and HPI Forecast for August 2022, showing home prices nationwide —including distressed sales— increased year-over-year by 13.5%; the lowest year-over-year appreciation recorded since April 2021, partially reflecting cooling buyer demand due to higher mortgage rates and housing trends prompted by the COVID-19 slowdown.

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Appraisal Buzz

OCTOBER 4, 2022

Disasters have been making headlines recently after a pair of hurricanes—Fiona and Ian—caused damage in the territory of Puerto Rico and from Florida up the East Coast, but as federal aid begins to flow to disaster victims, is now the time to review distribution policies to make sure aid is distributed equitably? According to Carlos … The post Commentary: Is Now the Time to Address Fair Access to Disaster Aid?

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Appraisal 195

Housing Wire

OCTOBER 4, 2022

Each year, the HousingWire Vanguards represent an elite group of industry executives who are moving the housing market forward. But these industry veterans didn’t fall into these roles overnight. The vast majority of them have carved unique paths for themselves, picking up invaluable knowledge along the way to help them better strategize and lead their organizations.

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Appraisal Buzz

OCTOBER 4, 2022

The housing market continues to change as higher mortgage rates, rising inflation and economic uncertainty have sidelined many buyers. Meanwhile, according to this month’s Knock Buyer-Seller Market Index, sellers have the upper hand remaining in most markets throughout the U.S. Although home sales were down 38%, inventory was up 5.5%, and days on market increased … The post New Study Finds Majority of U.S.

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Housing Wire

OCTOBER 4, 2022

The shift from a refinance boom to a purchase market will leave some mortgage lenders and loan officers with only two options: “Consolidate or exit the business,” according to ​​Mary Ann McGarry, Guild Mortgage’s chief executive officer. Meanwhile, McGarry said Guild is well positioned to acquire these assets but will be very patient in closing a deal. “Think of 2020 and 2021.

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Appraisal Buzz

OCTOBER 4, 2022

Representatives Jim Himes (D-Conn.) and Gwen Moore (D-Wisc.) recently penned an open letter for Newsweek on how to make home ownership “inclusive and accessible for every American.” Himes, as the Chairman of the House Select Committee on Economic Disparity and Fairness in Growth, and Moore, as a member of the House Select Committee on Economic … The post Op-Ed: ‘Inclusive and Accessible’ Home Ownership for Everyone appeared first on DSNews.

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Appraisal 195

Housing Wire

OCTOBER 4, 2022

Due to heavy financial losses and shrinking production, loanDepot has reduced its funding capacity by $1 billion, laid off thousands of workers and exited the wholesale lending business. But that hasn’t stopped the nonbank lender from issuing pay raises to its top executives. In a filing submitted to the Securities and Exchange Commission last week, loanDepot revealed that it agreed to pay chief revenue officer and senior executive vice president Jeff Walsh a base salary of $750,000, above

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Appraisal Buzz

OCTOBER 4, 2022

The U.S. Department of Housing and Urban Development (HUD) announced that it is making $28,625,000 available to fair housing organizations across the nation working to fight housing discrimination. The funds will support a variety of activities, including fair housing education and outreach, testing, and enforcement through the Department’s Fair Housing Initiatives Program (FHIP).

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Eyes on Housing

OCTOBER 4, 2022

The count of open, unfilled jobs for the overall economy fell 10% in August, declining from almost 11.2 million to 10.05 million. The decline for open jobs reflects the beginnings of a labor market retreat as the economy slows due to aggressive tightening of monetary policy by the Fed.

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Marketing 135

Appraisal Buzz

OCTOBER 4, 2022

Areas with a higher risk of flooding are seeing an increase in the rate of mortgage application denials and withdrawals, while risks associated with other climate events are having little impact on mortgage lending in those areas. The post Flood Risk Top of Homebuyers’ Minds appeared first on DSNews. The post Flood Risk Top of Homebuyers’ Minds appeared first on Appraisal Buzz.

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Appraiserblogs

OCTOBER 4, 2022

Something that has ‘stuck in my craw’ or ‘frosted my cookies’ for years is the nonsense about stating a specific “PREDOMINANT” price for neighborhood homes. And then being forced to explain why the Opinion of Value is not precisely that number, and if not, why not. Real estate is IMPERFECT. Properties, especially comparables, seldom, if ever, sell for the very same or extremely similar prices.

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Appraisal Buzz

OCTOBER 4, 2022

For the 16th consecutive month, mortgage delinquencies slid month-over-month in July, however continued inflationary concerns by homeowners is proving increasingly difficult for them to make their monthly mortgage payment. The post U.S. Mortgage Delinquencies Continue to Decline appeared first on DSNews. The post U.S. Mortgage Delinquencies Continue to Decline appeared first on Appraisal Buzz.

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McKissock

OCTOBER 4, 2022

If you are considering a career in the appraisal field , you may be curious about how long it takes to get licensed and start earning an income as a real estate appraiser. The exact answer will vary due to a number of factors, including what state you live in. Here is some information to help answer the frequently asked question, “How long does it take to become an appraiser?

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Appraisal Property Appraisal Real Property Real Estate 95

Riverfront Appraisals

OCTOBER 4, 2022

Do the following terms make you nervous? Bidding war. Appraisal Contingency Escalation clause. Appraisal gap. Multiple offers. Real estate is cyclical, so if you stay in it long enough, sooner or later, you’ll be selling homes in a hot market. A seller’s market. These markets usually pop up when rates are low, money is […]. The post The Realtor’s Guide to Appraisals Part 10: How Does an Appraiser Handle Multiple Offers?

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The Appraiser Coach

OCTOBER 4, 2022

As an entrepreneur in your business, you are wired to seek and get excited about opportunities. New people, new options, a new environment, or a new place all present a. Read More.

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Mashvisor

OCTOBER 4, 2022

If you want to find out will the 2023 US housing market be a buyer’s or seller’s market and how you can adapt to both scenarios, stay tuned.

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Housing Market Marketing Sellers Buyers 69

Birmingham Appraisal

OCTOBER 4, 2022

A Look at External Obsolescence. External obsolescence is not something you hear about every day. If you are interested in purchasing real estate and choosing a property that retains its value then you may want to learn a little more about this form of depreciation that is not discussed much. If you break down the phrase starting with the word external you get this: “coming or derived from a source outside the subject affected” Then, looking at obsolescence you have this: “the

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Hank Miller Team

OCTOBER 4, 2022

As we get back to a normal real estate market, contingencies that buyers waived during the covid crazy months will return. Due diligence periods are back and with them, the main contingencies of appraisal, finance, and inspection. It’s reasonable to say that everyone needs to get reacquainted with home inspection hysteria and the rule of making mountains out of moles hills.

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BiggerPockets

OCTOBER 4, 2022

We are in a housing correction. It remains to be seen what this means for prices in the national housing market, but some trends are becoming clear. We can gather […].

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Mortgagebroker News

OCTOBER 4, 2022

The long-term value of a mortgage professional can be developed in other financial services

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BiggerPockets

OCTOBER 4, 2022

Mortgage rates briefly rose above 7% on 30-year fixed rate products for the first time since 2002 last week before receding down about 20 basis points to 6.8%, according to Mortgage […].

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Mortgagebroker News

OCTOBER 4, 2022

Leading economist weighs in on 2023 market – and the future of the stress test

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BiggerPockets

OCTOBER 4, 2022

After a strong housing market runup, the Federal Reserve is looking to tame this economic beast with yet another rate hike. Most investors see now as a time to take […].

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Mortgagebroker News

OCTOBER 4, 2022

The Bank of Canada's rate increases are the steepest they have been in roughly three decades

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PennyMac

OCTOBER 4, 2022

Sellers, buyers, and refinancers should all be familiar with appraisals and how they fit in the homebuying/selling or mortgage process. Once the appraisal process is completed, there are a couple of scenarios that buyers and sellers can expect. What Is a Home Appraisal? A home appraisal is the primary way for someone to calculate the value of their home.

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Mortgagebroker News

OCTOBER 4, 2022

One of the country's largest international brands could be up for grabs

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Will Springer Realtor

OCTOBER 4, 2022

The signs are everywhere – pumpkin spice everything, holiday items on store shelves and chillier temperatures. They also signal the harshest weather of the year is on the doorstep of your home. Are you ready? Here are five safety tips to prepare for the worst of the weather and avoid costly or dangerous moments in and around the home. 1. Heat check.

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Mortgagebroker News

OCTOBER 4, 2022

Now is the time for brokers to show their true value, says principal broker

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Marketing 66

GoForrmz

OCTOBER 4, 2022

How to find GoFormz at ISSA North America 2022 We are so excited to be attending the ISSA Show North America in Chicago, this October 10-13, 2022! Before you pack your bags, we want to let you know how to find GoFormz this year. With thousands of vendors and attendees, planning is key to a successful ISSA. We’re dedicating our time at ISSA North America to share how cleaning industries can transform their services by leveraging mobile forms.

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