Housing Wire

MARCH 3, 2022

Finance of America Companies on Wednesday told investors that it managed to increase in originations in 2021, but a more competitive landscape reduced margins and, consequently, the company’s net income. Amid a tough environment for forward mortgage lending, Finance of America is betting on specialty finance & services products – reverse mortgages, investor loans, commercial loans – which are expected to deliver most of the return this year.

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Finance Investors Mortgage Home Improvement 384

Cleveland Appraisal Blog

MARCH 3, 2022

How many steps have you taken in your life? How many steps do most people take in a lifetime? I’m sure that there are many factors that impact this. According to some studies , the average person will take 70 million steps in their lifetime. How many of those steps are on stairs? That will also depend on many factors. Some may find stairs to be a source of recreation.

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Housing Wire

MARCH 3, 2022

As all participants in the mortgage industry know, securitization is a critical tool for making loans to homeowners at affordable rates. The process of bundling loans and separating risks makes available fixed-rate mortgages that are fully prepayable at borrowing costs well below other forms of debt. To say that securitization is critical to American homeownership is, to say the least, a massive understatement.

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Appraisal Buzz

MARCH 3, 2022

Freddie Mac ’s Primary Mortgage Market Survey (PMMS) shows that the 30-year fixed-rate mortgage (FRM) averaged 3.76% with an average 0.8 point for the week ending March 3, 2022, down from last week when it averaged 3.89%. A year ago at this time, the 30-year FRM averaged 3.02%. “Geopolitical tensions caused U.S. Treasury yields to recede this week as investors moved to the safety of bonds, leading to a drop in mortgage rates,” said Sam.

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Housing Wire

MARCH 3, 2022

A growing chorus of mortgage servicers, consultants, and lobbyists support the idea of having forbearance programs as a permanent solution in the industry’s loss mitigation toolkit, rather than only a temporary relief for wide-scale events such as financial crises and pandemics. “Whether it is a natural disaster, a job loss, or an illness, forbearance is wildly effective,” John Lawrence, executive vice president of the Texas-based servicer Selene Finance , said last week during

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Insurance Finance Government Mortgage 370

Appraisal Buzz

MARCH 3, 2022

ATTOM ’s Q4 2021 U.S. Residential Property Mortgage Origination Report shows that 3.27 million mortgages secured by residential property were originated in the fourth quarter of 2021 in the United States. That figure was down 11% from the third quarter of 2021 and 13% from the fourth quarter of 2020. The total number of mortgages issued was down for the third quarter in a row while the annual decrease marked the largest since late 2018.

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Appraisal Buzz

MARCH 3, 2022

Although the housing market is still heating up, more than 16 million homes throughout the U.S. are sitting vacant, according to a new report from LendingTree. This poses the question, if so many homes are vacant, why are housing prices still so high? Senior Economist Jacob Channel details new findings from LendingTree throughout the analysis. … The post 16M U.S.

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Housing Wire

MARCH 3, 2022

Compass CEO Robert Reffkin. “People used to talk about Compass all the time,” said Jonathan Miller, a real estate appraiser at Miller Samuel , who compiles housing market reports for Douglas Elliman , a Compass rival. “Now, you don’t really hear about them.”. If Miller is right and Compass, after raising $1.5 billion and flying to a $6.4 billion valuation in 2019, is a stale subject , that’s a shame because now anyone can become a Compass expert.

Brokerage 369

Brokerage Agents Real Estate Law 369

Appraisal Buzz

MARCH 3, 2022

HUD Secretary Fudge joins with the Department of Energy and White House, pledging to reduce carbon emissions and lower energy expenses in affordable housing to counter the impact of climate change. The post HUD Commits to Better Climate Challenge appeared first on DSNews. The post HUD Commits to Better Climate Challenge appeared first on Appraisal Buzz.

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Appraisal 150

Housing Wire

MARCH 3, 2022

Despite the global turmoil sparked by Russia’s recent invasion of Ukraine and the volatility in interest rates that has followed, the mortgage servicing rights (MSR) market remains on track to record one of its most dynamic runs in decades, according to multiple market experts. That’s because even as mortgage rates have fluctuated in recent days, they remain well above mortgage rates in prior months — really years — when the bulk of the MSRs were booked.

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Marketing Sellers Mortgage Investors 368

Appraisal Buzz

MARCH 3, 2022

Millennials, now in their late 20s to early 40s, have gotten a bad rap for their views on the housing market. Before the pandemic, this generation was lambasted for living with their parents or perpetually renting but today, data shows that Millennials may have just been waiting longer to enter the market in comparison to … The post Millennial Buyers in a Changing Market appeared first on DSNews.

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Buyers Marketing Housing Market Appraisal 150

Housing Wire

MARCH 3, 2022

The Department of Veterans Affairs is giving borrowers impacted by the pandemic an additional fifteen months to get loan payment relief. The new deadline for home retention options is now July 1, 2023, according to a circular published by the department on Monday. The options were initially set to expire April 1, 2022. The reason for the extension was not explained in the one-page circular.

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Insurance Lending Mortgage 368

Appraisal Buzz

MARCH 3, 2022

According to a new Monthly Housing Trends Report from Realtor.com, home prices hit a record high ahead of spring buying season, as the U.S. median listing price reached $392,000 in February. Home prices also grew at an unusually fast pace in many of the 50 largest metros, led by Las Vegas, Miami, and Tampa, Florida—seeing … The post Spring Buying Season Sees Early Start appeared first on DSNews.

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Appraisal 150

Housing Wire

MARCH 3, 2022

Ohio-based lender Union Home Mortgage made changes to its leadership group, promoting three executives to vice president positions as the company seeks to boost its growth. The company announced on Wednesday that Bryan Wright will be the vice president of national sales and Cyndi Garza, the vice president of national business development, a new position created in the company.

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Retail Mortgage Development Business 361

Appraisal Buzz

MARCH 3, 2022

Although the housing market is still heating up, more than 16 million homes throughout the U.S. are sitting vacant, according to a new report from LendingTree. This poses the question, if so many homes are vacant, why are housing prices still so high? Senior Economist Jacob Channel details new findings from LendingTree throughout the analysis. … The post More Than 16 Million Homes Vacant in U.S.

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Housing Market Appraisal Marketing 150

Empire Appraisal Group

MARCH 3, 2022

Surfside Collapse Challenges Many Older Condos. By Sydney Czyzon. TCPalm study finds about 70 Treasure Coast condos have maintenance issues – but repair costs often present a problem if a lot of unit owners are on fixed incomes. TAMPA, Fla. – The engineer’s report was clear. Barclay Beach Club was in trouble. The Fort Pierce oceanfront condo’s floor-to-ceiling windows were leaking.

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Law Supply Chain Construction Inspection 78

Lamacchia Realty

MARCH 3, 2022

6 WAYS TO PREP YOUR HOME FOR A SPRING SALE. If you’re thinking of selling your home this spring, don’t wait to get it ready. inventory has been historically low, but signs of spring activity are beginning to give frustrated buyers hope! The low inventory has been driving up demand and setting the real estate market up for a very busy spring. Don’t be fooled into thinking the winter lull will last forever and that inventory will stay low forever.

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Buyers Inventory Sellers Home Improvement 74

Mashvisor

MARCH 3, 2022

The US housing market was fierce in 2021, with an insane demand for houses and an alarmingly low housing inventory. This imbalance led to a steep increase in home prices.

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Inventory Housing Market Marketing Sellers 69

Mortgagebroker News

MARCH 3, 2022

The central bank has hiked its policy rate for the first time since 2018 – with further increases on the way

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Mashvisor

MARCH 3, 2022

The question “is Airbnb profitable” has been asked every year, especially after the pandemic and economic downturn we’ve all been through.

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Real Estate Investors Business Investing 68

Mortgagebroker News

MARCH 3, 2022

GTA-based scammer allegedly bilked victims of more than $10 million in mortgages

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Mortgage 69

Mashvisor

MARCH 3, 2022

Do you Find PropStream too expensive? In this article, we listed the top five PropStream alternatives for you to consider.

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Real Estate Investors Investing Tools 68

BiggerPockets

MARCH 3, 2022

Investing in real estate is a proven way to build wealth, produce more cash flow, and retire early. But, not everyone is cut out to do every type of real […].

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Real Estate Investing Finance 48

Mashvisor

MARCH 3, 2022

Smart investors look for pre foreclosure homes to make a quick profit. Here’s how you can pull this off.

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Investors Real Estate Investing 69

Mortgagebroker News

MARCH 3, 2022

The announcement caps an eventful week for the Canadian banking giant

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Housing Wire

MARCH 3, 2022

Over the past few years, digital transformation has increasingly changed the way property and real estate transactions occur. A vertical which has seen a strong digital push is mortgages, with consumers, lenders and other agents increasingly using online tools and services to apply for and process home sales. Nora Apsel, Morty co-founder and CEO. One company leading this charge is Morty , an online mortgage marketplace that matches customers with the right loan product for them, using technology

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Mortgage Technology Real Estate Investing 360

Housing Wire

MARCH 3, 2022

A North Providence, Rhode Island woman pleaded guilty to falsifying information to get a Federal Housing Administration -backed loan and for theft of government property totaling over $40,000, the Department of Justice announced on Wednesday. According to the DOJ, Juliana Martins, who was on federal supervised release for a previous scheme, left out a key detail of her employment history, which helped her and a co-borrower qualify for an FHA-insured mortgage in the amount of $265,109.

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Insurance Government Tools Business 368