Tue.Aug 16, 2022

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Who’s positioned to capitalize on Wells Fargo’s mortgage retreat

Housing Wire

The fate of Wells Fargo & Co. ’s mortgage business has been the subject of industry speculation in the wake of a Bloomberg report indicating that the lending giant plans to shrink its enormous mortgage footprint , including a likely pull-back from the correspondent lending business. Shortly after that story went live, analysts at Keefe, Bruyette & Woods (KBW) published a report stating that if Wells does exit the correspondent lending market, it “would meaningfully reduce the companyR

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Millennials Seeking Cost-Efficient ZIP Codes

Appraisal Buzz

One of America’s most historic regions is its newest homebuying hotspot, with New England ZIP codes representing over half of 2022’s top 10 list in the eighth annual Realtor.com Hottest ZIP Codes Report released today. In these ZIP codes, homes sold in just over a week –or 8 days– and received nearly four times more … The post Millennials Seeking Cost-Efficient ZIP Codes appeared first on DSNews.

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66 mortgage lenders, brokers make Inc. 5000 list

Housing Wire

Nearly 70 mortgage lenders and brokers made it on the list of Inc. Magazine ‘s 5,000 fastest-growing companies in the U.S. for 2022. The companies are U.S.-based, privately held and independent as of Dec. 31, 2018. Additionally, all these businesses had a minimum revenue of $100,000 in 2018 and $2 million last year. All the top five mortgage lenders debuted on the Inc. 5000 list for the first time. theLender , which offers government and conventional mortgages as well as non-QM products, s

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BREAKING: ASB Announces Additional Extension of Current USPAP

Appraisal Buzz

On August 11, 2022, the Appraisal Standards Board of The Appraisal Foundation announced that it would be extending the expiration date of the 2020-2021 USPAP publication by an additional year. Instead of expiring on December 31, 2022, the current USPAP will remain in effect until December 31, 2023. The announcement also stated that future editions of USPAP will have beginning effective dates but no expiration dates; this will afford the ASB “greater flexibility to.

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15 mortgage tech providers make the Inc. 5000 list

Housing Wire

Sixteen companies offering mortgage tech solutions made the Inc. 5000 rankings released today, with several repeat winners. The program ranks the fastest-growing companies based on a three-year average. The list of mortgage solutions providers on the list was topped by Maxwell , a mortgage solutions platform designed for America’s local lenders, at No. 164.

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Recipe for Perfect Customer Service

The Appraiser Coach

I’m not the biggest dessert person in the world, but I have a weakness for Arnold Palmers. For those of you unfamiliar with what an Arnold Palmer is, it’s a. Read More.

More Trending

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Fall in Housing Permits Gives Way to Rise in Multifamily Construction

Appraisal Buzz

HUD and the Census Bureau reported housing starts dipping 9.6% below their revised June estimate, as erratic mortgage rates, supply chain concerns, and high prices mount to create housing affordability challenges. The post Fall in Housing Permits Gives Way to Rise in Multifamily Construction appeared first on DSNews. The post Fall in Housing Permits Gives Way to Rise in Multifamily Construction appeared first on Appraisal Buzz.

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Voxtur to pay $101M to acquire MSR trading platform Blue Water

Housing Wire

Canadian real estate tech firm Voxtur Analytics Corp. has agreed to buy mortgage servicing rights trading platform Blue Water Financial Technologies for a cool $101 million. Voxtur, which has been on a buying binge over the last few years, plans to combine Blue Water’s capital markets SaaS platform with its own constellation of real estate solutions.

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Recipe for Perfect Customer Service

Appraisal Buzz

I’m not the biggest dessert person in the world, but I have a weakness for Arnold Palmers. For those of you unfamiliar with what an Arnold Palmer is, it’s a … Read More. The post Recipe for Perfect Customer Service appeared first on Appraisal Buzz.

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Nine title insurance companies named to Inc. 5000

Housing Wire

A total of nine title insurance and settlement services providers were named to the Inc. 5000 list of America’s fastest growing private companies for 2022. In 2021, 12 firms made the list. The self-reported list is comprised of the 5,000 fastest growing private companies in the U.S. based on percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018.

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Bringing a Fully Digital Signing Platform to Reality

Appraisal Buzz

An upcoming Five Star Institute webinar will discuss the implementation of a national digital signing platform, built to satisfy servicer, investor, borrower, and state requirements nationwide. The post Bringing a Fully Digital Signing Platform to Reality appeared first on DSNews. The post Bringing a Fully Digital Signing Platform to Reality appeared first on Appraisal Buzz.

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Single-Family Built-for-Rent Construction Surging

Eyes on Housing

Single-family built-for-rent sector construction surged during the second quarter of 2022 as homebuying affordability declined on higher mortgage interest rates. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 21,000 single-family built-for-rent (SFBFR) starts during the second quarter of 2022.

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No End Date for Future Editions of USPAP

Appraiserblogs

Future editions of USPAP will have an effective start date but no end date. Folks, on Thursday August 11, 2022, the ASB/TAF announced the extension of the current USPAP to the end of 2023. Assuming that a ‘new’ USPAP is formally approved in time, the next issue of USPAP will become effective January 1, 2024. But here’s the interesting wrinkle about this, which I admit I missed in their 8/11/22 announcement: “How long is the current version of USPAP effective?

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[Webinar] Improving Job Site Safety Management with GoFormz & Procore

GoForrmz

Join GoFormz and Procore in discussing best practices for job site safety management On September 8, 2022, GoFormz and Procore are teaming up to walk through best practices for job site safety management. This one-hour webinar will cover leading digital solutions to empower your job site safety teams. Including a live demonstration of automating pre-task plans and hot work permits with the GoFormz and Procore integration, learn how you can accelerate safety response times and garner better insig

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Pricing a Home In A Softening Market

Birmingham Appraisal

Tips For Pricing a Home In A Shifting Market. Feds Increase Rate. On July 27 the Federal Reserve increased the federal funds rate yet again by.75%, in an attempt to fight inflation. While a higher fed fund rate initially affects how much banks pay to borrow money the rate increase will trickle down and affect the interest rates consumers pay on short-term mortgage loans.

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BREAKING: ASB Announces Additional Extension of Current USPAP

McKissock

On August 11, 2022, the Appraisal Standards Board of The Appraisal Foundation announced that it would be extending the expiration date of the 2020-2021 USPAP publication by an additional year. Instead of expiring on December 31, 2022, the current USPAP will remain in effect until December 31, 2023. The announcement also stated that future editions of USPAP will have beginning effective dates but no expiration dates; this will afford the ASB “greater flexibility to thoroughly examine proposed cha

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Jim Major Named 2022 GBAR REALTOR of the Year

Lamacchia Realty

August 16 th – Announced today, Jim Major has been named the Greater Boston Association of REALTORS® (GBAR) REALTOR® of the year at the Annual Awards & Networking Breakfast in Boston ! This prestigious award recognizes and honors an industry member for their volunteerism and industry work over the past 18 months in three specific areas. These include participation and service to REALTOR® organizations, community involvement including membership and support of civic and charitable organizatio

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FREE Webinar: The Appraisal Foundation 2022 Q3 Update

McKissock

On Wednesday, August 24, 2022, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “The Appraisal Foundation 2022 Q3 Update.” Participate in this Q&A session with Lisa Desmarais, Vice President, Appraisal Issues with The Appraisal Foundation (TAF). Hear about proposed changes to USPAP as well as an update on current AQB and ASB activities.

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Joselin Malkhasian Qualifies for 2022 Lamacchia Realty President’s Club

Lamacchia Realty

Joselin Malkhasian has officially qualified for the 2022 President’s club by surpassing $16,000,000 in sales volume! This will be Joselin’s 6th time qualifying for this prestigious distinction and it is well deserved! Joselin is extremely hardworking while always making sure her clients are taken care of and are set up for success! Joselin is also a member of the 2020 and 2021 President’s Club ELITE.

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5 Best Places to Buy Vacation Rental Property in Florida in 2023

Mashvisor

If you’re looking for new investment opportunities, here’s a list of the five best places to buy vacation rental property in Florida in 2023.

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2022 Lamacchia Realty Company Wide Event on Thompson Island

Lamacchia Realty

On Friday, August 12th, Lamacchia Realty celebrated its 5 th annual company-wide appreciation event on Thompson Island in Boston! After a short ferry ride, the company spent the afternoon on the island complete with a lobster bake, lawn games, a bonfire, and more. Broker/Owner Anthony Lamacchia spoke briefly with the entire company about various accomplishments, including the latest milestone of reaching $1 Billion in sales volume for 2022 as a company.

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Loans Gone Wild: Turning a Private Loan Into a Profitable Flip After Foreclosure

BiggerPockets

I’m sure you’ve heard the nightmares of borrowers defaulting on their loans and everything going as bad as possible. Every lender fears the defaulted loan scenario because we’ve been trained […].

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Lamacchia Realty President’s Club Lands a New Destination

Lamacchia Realty

After 4 years celebrating the success of their President’s Club achieving agents at the Riu Palace Antillas Hotel in Palm Beach, Aruba, Lamacchia Realty announced Friday that starting in 2023, the President’s Club trip will take place at Atlantis Paradise Island Bahamas ! Every year since its launch in 2017 , the agents who qualify for President’s Club are celebrated with an annual trip to a tropical paradise with half of management and guests.

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A Beginner’s Guide to Analyzing Big Deals & Building a “Bulletproof”

BiggerPockets

As an investor, finding and closing on a deal is only the beginning, and it sets the tone for how the rest of the deal will go. So what criteria […].

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Why bond yields matter to brokers

Mortgagebroker News

Mortgage professionals should develop as comprehensive an understanding as possible

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FREE Webinar: The Appraisal Foundation 2022 Q3 Update

Appraisal Buzz

On Wednesday, August 24, 2022, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “The Appraisal Foundation 2022 Q3 Update.” Participate in this Q&A session with Lisa Desmarais, Vice President, Appraisal Issues with The Appraisal Foundation (TAF). Hear about proposed changes to USPAP as well as an update on current AQB and ASB activities.

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Canada home sales feel impact of rate hikes

Mortgagebroker News

Sales numbers declined in three-quarters of all local markets last month, CREA says

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Homebuilders are done until mortgage rates fall

Housing Wire

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. Housing completion data is still struggling to get some traction, but in the coming months, builders should be able to get more housing completions done while housing permits and starts for single-family homes are in decline.

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What does the future of the Canadian workplace look like?

Mortgagebroker News

The tussle for talent is leading many companies to implement changes, says exec

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FSBO vs. Realtor Statistics

Raleigh Realty

Selling your home is often a complicated process, but they’re still the few brave sellers willing to give “for sale by owner” (FSBO) a go. Saving money on commission fees or already having a seller lined up are the most popular reasons sellers might forego a realtor, but do the benefits really outweigh the costs? For-sale-by-owner homes are sold by the homeowner without the aid of a listing agent or broker.

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Canada's inflation rate slows in July

Mortgagebroker News

Is the country finally starting to turn the corner on price growth?

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Housing Starts Weaken in July

Eyes on Housing

A sharp decline in single-family home construction is another indicator that the housing slowdown is showing no signs of abating, as rising construction costs, elevated mortgage rates and supply chain disruptions continue to act as a drag on the market. Overall housing starts fell 9.6% to a seasonally adjusted annual rate of 1.45 million units in July, according to a.

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Home Capital Group rebuffs takeover attempt

Mortgagebroker News

The all-cash takeover offer was made after group began its substantial issuer bid

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Some Locations Reporting Slowing Rent Price Growth

Appraisal Buzz

CoreLogic has released its latest Single-Family Rent Index (SFRI) covering the month of June 2022 found that in some areas of the country, the unrelenting pace a which rent growth has been growing slowed a bit, yet continues to post year-over-year double-digit growth. For the month of June, single-family rent prices remain elevated, now up … The post Some Locations Reporting Slowing Rent Price Growth appeared first on DSNews.

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