Mon.Nov 28, 2022

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Lenders aren’t getting déjà vu with the current downturn, so what’s different?

Housing Wire

Many lenders are not getting a sense of déjà vu with the current mortgage industry downturn, according to mortgage advisory firm Stratmor Group. “This one feels different,” a recent Stratmor report states, citing executives in the mortgage industry. . This time around, the fast mortgage rate increase, the large origination volume decrease and margin compression could cause an “unprecedented amount of excess capacity, and many lenders will need to sell or simply won’t surv

Retail 370
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[Webinar] Automate Your Business Tasks with GoFormz Workflows

GoForrmz

Solve repetitive business tasks with automation using GoFormz Workflows Is your workday filled with repetitive tasks like data entry, file sorting, and paperwork processing? Good news, there’s an easier way! For everyone who faces form-based data capture, GoFormz offers Workflows to automate your daily tasks, send your data where it needs to be, and even sort all your completed forms to designated cloud storage platforms.

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BEC accounted for $2.4 billion in claimed losses in 2021

Housing Wire

In mid-November, the Federal Bureau of Investigations released its 2022 Congressional report on business email compromise (BEC) and real estate wire fraud. According to the report, in 2021, the Internet Crime Complaint Center (IC3) received BEC-related complaints with claimed losses exceeding $2.4 billion, far higher than the $360 million in claimed losses recorded in 2016.

Training 381
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Homes DO Sell During the Holidays – 2022

Lamacchia Realty

HOMES DO SELL DURING THE HOLIDAYS! Mythbuster: Homes actually DO SELL during the holiday season! Quite often, too often, in fact, REALTORS ® hear home sellers say that they want to take their home off the market for the holiday season.?Their concerns usually stem from the misconception that buyers are not looking during November and December because they’re halting their search for the holidays.

Sellers 73
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Homepoint offers $500 credit on appraisals for primary homes

Housing Wire

Pure wholesale lender Homepoint will provide a $500 credit on appraisal costs for borrowers buying primary homes that are designated as Fannie Mae HomePath properties, the company announced on Monday. . This is the second initiative to be launched by Homepoint this year to reduce costs for borrowers who use the Ann Arbor, Michigan-based company. In August, Homepoint began offering a 75 basis point pricing bonus for conforming conventional loans in specified ZIP codes in 20 states where a high pe

Appraisal 380
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The Ticking Time Bomb In Real Estate Is Not Prices—It’s This

BiggerPockets

Are nightmares about the economy still keeping you awake at night? Well, the news lately has been fairly mixed. There are reports that prices won’t fall as much and might […].

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How to Reach Financial Freedom in 2023 with Small Multifamily Properties

BiggerPockets

Small multifamily investing is one of the easiest, fastest ways to find financial freedom. We’re not talking about any “get rich quick” promises or risky businesses—thousands of real estate investors […].

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A Most Embarrassing Experience

Town & Country Residential Appraisals

I might not look like the picture of health, but over the years, I have tried to take my health seriously. Since I’m not a morning person, I like to find simple ways to balance rushing around in the morning that includes getting my caffeine intake and breakfast. The caffeine is mandatory. Breakfast tends to be optional. One of those options includes protein smoothies since they are healthy and portable.

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Giving Tuesday 2022: Which Charities Will Use Your Money Wisely?

BiggerPockets

For the past decade, Giving Tuesday has been a way for everyday Americans to donate their money, or time, to charities and causes that help collectively make the world a […].

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Top lenders have their say on 2023 outlook

Mortgagebroker News

The Canadian Mortgage Summit saw leading lending executives give their views on what the industry needs to focus on

Lending 68
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Can we still avoid a recession?

Housing Wire

Economic reports over the Thanksgiving holiday paint a complicated picture of what’s happening, and where we are on recession watch. The big economic surprise was the strength of Black Friday sales, where consumers spent a record $9.12 billion online. Another surprise was the Atlanta Fed’s forecast of 4.3% GDP growth in the fourth quarter, since the Atlanta Fed data was used by many to say that the U.S. went into a recession earlier in the year.

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Revealed – the Mortgage Global 100 for 2022

Mortgagebroker News

List highlights best of the best who are driving forward innovation and improving the sector

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How Real Estate Big Data Can Help You Find Your Next Profitable Investment Property

Mashvisor

It’s undebatable—real estate big data and the resulting analytics are proving to be essential for finding a profitable investment property.

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TD Bank, Canada Post freeze rural lending program

Mortgagebroker News

Collaborative effort ran into "bad actors", organizations say

Lending 69
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Should You Buy a Short Term Rental in Dallas in 2023?

Mashvisor

Dallas has always been one of the best locations for vacation rentals. Will buying a short term rental in Dallas remain profitable in 2023?

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How does patience and persistence help a mortgage professional?

Mortgagebroker News

Self-employed broker reveals his tips

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Corny Jokes To Gobble Up For Your Thanksgiving Dinner

Houston Properties

Share a quick laugh with our award-winning Realtors®.

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Montreal housing supply to get another federally supported boost

Mortgagebroker News

New project to offer nearly a hundred homes

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JPMorgan Chase gets into the DSCR MBS game

Housing Wire

JPMorgan Chase will soon be issuing its first non-prime MBS secured exclusively by investor loans that are underwritten based on rental income. JPMorgan Mortgage Trust 2022-DSC1 is secured by 980 debt service coverage ratio (DSCR) loans with a balance of $308.2 million, according to a Kroll Bond Rating Agency presale report. The collateral has seasoned for just under 12 months, the report says.

Investors 401
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What is the latest in the Edmonton office sector?

Mortgagebroker News

Avison Young releases new market highlights

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Declining Trend of Two-Story Foyer

Eyes on Housing

Information obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, shows the share of new homes with a two-story foyer decreased in 2021. For 2021, most new single-family homes were built without a two-story foyer nationally and regionally. According to the Census, a two-story foyer is defined as the entranceway inside the front door of.

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Lowell, MA Real Estate Inventory, Sales Plummet in October 2022

Buys Brokers Only LLC

The number of single-family homes and condominiums for sale in Lowell, Massachusetts, plummeted in October 2022, while home sales also dropped.

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Opinion: We don’t need increased regulation of IMBs

Housing Wire

Last week the Wall Street Journal published a story by Andrew Ackerman stating that the Biden administration wants to target nonbanks for tougher oversight and additional regulation. The story states, “the Biden administration is laying the ground­work to target nonbank firms with stricter federal over­sight as regulators grow concerned about financial threats from companies operating outside of the tightly supervised banking system.”.

Lending 381