Housing Wire

APRIL 28, 2022

Homebuyers can secure a home mortgage using cryptocurrency as collateral through a new partnership between blockchain real estate platform Propy and crypto wallet service Abra. The Abra Borrow platform allows customers to use crypto as collateral to borrow U.S. dollars with flexible repayment terms and interest rates as low as 0%, Propy, a real estate blockchain startup headquartered in Palo Alto, California, said in a release.

Mortgage 372

Mortgage Real Estate Real Estate Agent Investing 372

Appraisal Buzz

APRIL 28, 2022

The Federal Housing Finance Agency (FHFA) has published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve (DTS) Program. The DTS Plans demonstrate a strengthened commitment to serving manufactured housing, affordable housing preservation, and rural housing. The targets and strategies within the DTS Plans build on lessons learned, … The post FHFA Unveils New Duty to Serve Program for Fannie Mae and Freddie Mac appeared first on DSNews.

Finance 150

Finance Appraisal Marketing 150

Housing Wire

APRIL 28, 2022

builder confidence, housing starts, homebuilder, builder, lumber, construction costs. D.R. Horton , the nation’s largest homebuilder by gross revenue and total closings, this week released its second quarter earnings for the fiscal year, which executives deemed “outstanding,” despite ongoing supply chain challenges , “a very tight labor market ,” and the massive uptick in mortgage rates.

Supply Chain 356

Supply Chain Construction Inventory Marketing 356

Appraisal Buzz

APRIL 28, 2022

The Federal Housing Finance Agency (FHFA) has published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve (DTS) Program. The DTS Plans demonstrate a strengthened commitment to serving manufactured housing, affordable housing preservation, and rural housing. The targets and strategies within the DTS Plans build on lessons learned, … The post FHFA Unveils New Duty to Serve Program for Fannie Mae and Freddie Mac appeared first on DSNews.

Finance 150

Finance Appraisal Marketing 150

Housing Wire

APRIL 28, 2022

A combination of home price appreciation, inflation, and low housing inventory continued to dent homebuyers’ ability to buy homes in March. The trend of a decrease in homebuyer affordability is forecast to persist in the coming months, hitting first-time buyers the most. . The national median monthly mortgage payment settled in loan applications rose 5% to $1,736 in March from $1,653 the previous month, according to a survey published Thursday by the Mortgage Bankers Association.

Mortgage 355

Mortgage Inventory Buyers Marketing 355

Appraisal Buzz

APRIL 28, 2022

The Spring homebuying season started off strong, and home purchases show little sign of slowing, due to surging demand and low inventory. According to the annual Bank of America’s 2022 Homebuyer Insights Report, homes are being snatched off the market as 65% of prospective homebuyers reported they would make an offer within three days of … The post Homebuyers Navigating an Ever-Changing Market appeared first on DSNews.

Marketing 150

Marketing Inventory Appraisal 150

Appraisal Buzz

APRIL 28, 2022

Releasing its first quarter 2022 Home Sales Report, ATTOM Data found that profits on median-priced home sales have dropped for the for the first time since 2019 which may indicate the recent housing boom may be slowing. Profit margins in the first quarter dropped from 51.6% to 47.2%, a 4.4 percentage point decline, the first drop … The post Average Home Profit Sinks to $103k appeared first on DSNews.

Appraisal 150

Appraisal 150

Housing Wire

APRIL 28, 2022

Nonbank mortgage lender and servicer Mr. Cooper Group reported net income of $658 million in the first quarter of 2022, increasing its profits by a factor of four compared to the $155 million recorded in the previous quarter. The performance reflects gains with mortgage servicing rights (MSR) and a deal with the fintech Sagent , which offset lower profitability related to originations, according to the quarterly earnings filing with the Securities and Exchange Commission (SEC) on Thursday.

Supply Chain 346

Supply Chain Mortgage Design Technology 346

Appraisal Buzz

APRIL 28, 2022

Fannie Mae is the largest provider of loans for apartment buildings with $3.8 trillion in mortgages. As the largest credit and operational risk manager in the mortgage industry, Fannie Mae employs rigorous standards and advanced technologies to manage risk and safeguard customers, borrowers and investors. More than 50% of Fannie Mae-financed multifamily units are managed on Yardi software.

Investors 150

Investors Finance Clients Technology 150

Housing Wire

APRIL 28, 2022

Ryan Schneider, CEO of Realogy. Residential real estate brokerages will not do as well in 2022 as they did in 2021, but let’s not get carried away. That seemed to be the message of Realogy Holding Corp.’s quarter one earnings just as the stock markets opened early Thursday morning. The Madison, New Jersey-based conglomerate whose name brands include Corcoran , Sotheby’s International Realty , and Coldwell Banker , among others, posted $23 million in net income for the first three months of 2022.

Mortgage 344

Mortgage Brokerage Agents Real Estate Agent 344

Appraisal Buzz

APRIL 28, 2022

Rohit Chopra outlines recent efforts of the CFPB in Semi-Annual Report, and addresses measures to keep tech at the forefront of the Bureau’s objectives. The post CFPB Director Testifies Before Financial Services Committee appeared first on DSNews. The post CFPB Director Testifies Before Financial Services Committee appeared first on Appraisal Buzz.

Appraisal 150

Appraisal 150

Housing Wire

APRIL 28, 2022

As the first quarter unfolded, macroeconomic risks created strong headwinds for mortgage companies. The greatest concern is quickly rising mortgage rates, resulting in overall margin compression and essentially a nonexistent market for refinances. Fannie Mae forecasted in early March that mortgage rates would approximate between 3.7% and 3.9% this year, but by April 7, the national average for a 30-year mortgage had already reached 4.72%.

Mortgage 336

Mortgage Business Contracts Lending 336

Appraisal Buzz

APRIL 28, 2022

Homebuyer affordability declined in March, with the national median payment applied for by applicants rising 5% to $1,736 from $1,653 in February. This is according to the Mortgage Bankers Association ‘s (MBA) new Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).

Mortgage 150

Mortgage Appraisal 150

Housing Wire

APRIL 28, 2022

Colorado Springs, Colorado. The original uploader was Postoak at English Wikipedia., CC BY 2.0 <[link] via Wikimedia Commons. Due to rising mortgage rates, soaring home prices and low inventory, the title insurance industry is falling precipitously from the record highs achieved during the pandemic. But Stewart Information Services Corporation , the smallest of the nation’s “Big Four” title insurers, has planned for this inevitability.

Insurance 333

Insurance Real Estate Technology Marketing 333

Eyes on Housing

APRIL 28, 2022

Housing’s share of the economy edged higher at the start of 2022 due in part to a surprise drop in growth. For the first quarter of 2022, overall GDP growth declined at a 1.4% annual rate, driven by increased inventories and a jump in imports. Housing’s share of GDP increased to 16.7%, somewhat off a 14-year high of 17.8% during.

Inventory 168

Inventory 168

Housing Wire

APRIL 28, 2022

Ohio-based Union Home Mortgage is the latest in a string of lenders this week to institute workforce reductions. “The residential housing market has turned quickly due to historically low inventory of homes for sale and a rapid rise in interest rates due to inflation,” Cindy Flynn, chief marketing and communications officer, said in a statement. “We, like other companies in our industry, are temporarily adjusting staffing levels to accommodate rapidly changing marketplace conditions and business

Mortgage 311

Mortgage Loan Officers Retail Construction 311

Eyes on Housing

APRIL 28, 2022

In the first quarter of 2022, real GDP declined for the first time since the pandemic recession, as inflation surged to a 40-year high and supply chain disruptions remain persistent. This quarter’s decrease reflected a deceleration in private inventory investment, decreases in exports and government spending and an increase in imports. According to the “advance” estimate released by the Bureau.

Supply Chain 155

Supply Chain Government Inventory Investing 155

Housing Wire

APRIL 28, 2022

Nonbank mortgage lender and servicer Ocwen Financial Corporation reported a $58 million profit in the first quarter, according to preliminary quarterly results released Thursday. The company greatly bettered the $2 million loss in the fourth quarter of 2021 and increased its profits by a factor of six compared to the $8.5 million in net income reported in the first quarter of 2021.

Mortgage 295

Mortgage Business 295

Appraiserblogs

APRIL 28, 2022

“…the modern appraisal industry perpetuates racial inequality through its continued use of the “sales comparison approach”… the sales comparison approach persists as the dominant method of assessing home value… the sales comparison approach — the most used method for contemporary residential appraisals — perpetuates inequities through maintaining historical hierarchies and current racialized definitions of comparability…” Appraisers, here’s a YouTube video that you MUST view.

Modernization 122

Modernization Valuation Home Value Appraisal 122

GoForrmz

APRIL 28, 2022

The GoFormz team will be exhibiting at WasteExpo 2022 in Las Vegas We are thrilled to be exhibiting at WasteExpo in Vegas, May 9-12, 2022. Will we see you there? WasteExpo 2022 The WasteExpo event showcases the latest innovations in the solid waste industry, from vehicles and robotics to powerful software solutions, like GoFormz. Where can you find us?

HOA 78

HOA Modernization Legal Business 78

Lamacchia Realty

APRIL 28, 2022

HOME WARRANTIES. It’s no secret that buying a house is an investment, and it’s one that you want to protect. By purchasing a home warranty, you know you’re covered should anything happen to your appliances or home systems. What is a Home Warranty? A home warranty is a service contract that pays for the repair or replacement of the appliances and home systems that are covered in the contract.

Contracts 70

Contracts Inspection Realty Investing 70

GoForrmz

APRIL 28, 2022

Streamline and simplify student registration activities with digital forms and data capture. School administrators are faced with a variety of internal and external documentation that must be filled out, signed, and completed prior to the start of the school year. Often, external documentation encompasses everything from information release forms and personal information to medical records and health information – all enclosed within student registration packets.

Business 78

Business 78

Berkshire Hathaway

APRIL 28, 2022

As a homeowner, you know your home best. So, when it comes to selling, who could do it better than you, right? While we agree with you on the first statement, the selling of a home is always best left to a professional real estate agent, for so many reasons! Reason #1: You could be leaving money on the table. According to a NAR study , For Sale By Owner homes sold at a median of $260,000 in 2021, while agent sold homes were at a median of $318,000, a difference of $58,000.

Real Estate Agent 67

Real Estate Agent Advertising Insurance Real Estate 67

Mashvisor

APRIL 28, 2022

Picking a city with the highest real estate ROI can be challenging in today’s fluctuating real estate market. What are the current hotspots?

Real Estate 68

Real Estate Marketing Tools Investors 68

Berkshire Hathaway

APRIL 28, 2022

It’s that time of year again, the kitchen needs cleaning, the basement needs organizing and the kid’s playroom is overwhelming with toys. The thought of starting your spring cleaning can tend to feel like daunting task. W are here to bring you 10 spring cleaning hacks to help you make the process a lot more manageable for yourself and your family. 1.

Real Estate 64

Real Estate 64

Mashvisor

APRIL 28, 2022

In order to maximize your profits and ensure that you have all the necessary information, check out the leading real estate investing websites.

Real Estate 68

Real Estate Investing Tools Investors 68

Berkshire Hathaway

APRIL 28, 2022

Nicknamed “Michigan’s Little Bavaria,” this bustling town is built on it’s German foundation. Featuring eclectic shopping, rich historical beauty and culture and bounds of outdoor adventure, Frankenmuth is bound to have activities for the whole family. Frankenmuth was settled in 1845 by 15 Germans, led by the Reverand August Craemer, a Lutheran minister.

Decorating 58

Decorating Design Real Estate Agents 58

Mashvisor

APRIL 28, 2022

As the US housing market stays hot, real estate investors need to get creative, which may include looking for off market properties and deals.

Marketing 68

Marketing Investors Real Estate Housing Market 68

BiggerPockets

APRIL 28, 2022

Everyone has experienced negative cash flow. If you have a troublesome rental property, you may experience negative cash flow. If you have a low income but an appetite for expensive […].

Finance 56

Finance 56

Mortgagebroker News

APRIL 28, 2022

Community Trust takes 'creative, optimistic approach' to finding best options, said Lisa Abbatangelo

61

61

Berkshire Hathaway

APRIL 28, 2022

Located just 10 miles north of Petoskey, Harbor Springs is a quaint and charming town nestled on the north shore of Little Traverse Bay on Lake Michigan. The area offers an abundance of natural beauty, four seasons of outdoor activity and an array of cultural and culinary attractions. With two city beaches in harbor Springs and nearby beaches at Petoskey State Park, Thorne Swift Nature Preserve, and Sturgeon Bay, beach days are a must.

Decorating 41

Decorating Training Real Estate Marketing 41

Mortgagebroker News

APRIL 28, 2022

Many Canadians say they will not be able to muster enough funds for the federal government's tax-free savings program

Buyers 56

Buyers Government 56

San Jose Real Estate

APRIL 28, 2022

The Oster neighborhood, anchored around Oster Elementary School in San Jose’s Cambrian district, is situated on the north side of highway 85 and just west of Camden Avenue, part of the 95124 zip code. It’s one of the more affordable areas within the highly regarded Union School District, which is not to say that real […].

40

40

Mortgagebroker News

APRIL 28, 2022

"The market will change but our mindset as a mortgage lender won't"

Mortgage 58

Mortgage Marketing 58