Housing Wire
OCTOBER 13, 2022
On Thursday, the Bureau of Labor Statistics (BLS) reported that Consumer Price Index (CPI) inflation came in hotter than expected, and people are scared that the Federal Reserve will now be more aggressive with their rate hikes. Personally, I believe the Fed knows that rental inflation data can lag so at this point of the rate hike cycle, they won’t act in a more aggressive fashion.
Appraisal Buzz
OCTOBER 13, 2022
With talk of a recession on the horizon, ATTOM’s latest data breaks down foreclosure rates and related data, as well as how they are being impacted by larger economic factors. The post Q3 Foreclosure Rates ‘Reflecting Other Aspects of the Economy’ appeared first on Appraisal Buzz.
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Housing Wire
OCTOBER 13, 2022
In the reflection, a mortgage executive sees faint images of the savings and loan crisis of the 1980s and 1990s. The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. Independent mortgage banks (IMBs) account for nearly 74% of agency mortgage originations, which is the bulk of the market, according to a recent report by the Urban Institute ’s Housing Finan
Appraisal Buzz
OCTOBER 13, 2022
The share of first-time homebuyers rose in August, posting a strong year-over-year gain that brought market share up to pre-pandemic levels. The post First-Time Buyers Giving Housing Market a Boost appeared first on Appraisal Buzz.
Housing Wire
OCTOBER 13, 2022
With mortgage rates surging to the 7% mark, industry observers believe that a new refi wave won’t return for several years. Lenders have started to prepare their businesses for at least two more years of reduced production. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage surged 26 basis points from last week to 6.92%, a record-setting climb to its highest level since April 2002.
Appraisal Buzz
OCTOBER 13, 2022
Ginnie Mae’s MBS portfolio grew for the 15th consecutive month in September, ending the fiscal year at nearly $2.3 trillion. Alongside financing more than 143,000 homeowners and renters, Ginnie Mae MBS supported financing for more than 64,000 first-time homebuyers last month. The post Ginnie Mae MBS Portfolio Outstanding Expands to Nearly $2.3T appeared first on Appraisal Buzz.
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Appraisal Buzz
OCTOBER 13, 2022
According to Realtor.com’s latest Rental Report, the deceleration from rising prices in September may relieve some renters of financial stress. However, rental affordability remains a significant challenge as inflation continues to outpace wage growth. The post Market Cooldown Offers Renters Relief From Rising Prices appeared first on Appraisal Buzz.
Housing Wire
OCTOBER 13, 2022
Verification of Income and Employment for Mortgage Lenders. With two clicks, Argyle enables access to complete income and employment verification throughout the origination process. Product Fast Facts. #1. Automate more verifications with Argyle’s 80% coverage of the US workforce. #2. Save up to 80% on income and employment verification fees by switching to Argyle. #3.
Eyes on Housing
OCTOBER 13, 2022
Consumer prices eased in September for the third-straight month as declines in energy prices partly offset increases in food and shelter indexes. Despite this slight improvement, inflation remains above an 8% year-over-year rate for the seven straight month. The food and shelter indexes continued to rise at an accelerated pace, with the owners’ equivalent rent index seeing the largest monthly.
Housing Wire
OCTOBER 13, 2022
AutoPrep. AutoPrep transforms any document or PDF into a fully e-enabled document in seconds. Using AI, OCR, and machine learning technologies to scan and parse documents, AutoPrep locates signature and notary regions and electronically tags them for eClosing. As a result, lenders can use documents from virtually any document provider with DocMagic’s eClosing platform.
Eyes on Housing
OCTOBER 13, 2022
The NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter of 2022 posted a reading of 77, declining 10 points from the third quarter of 2021. The RMI is based on a survey that asks remodelers to rate various aspects of the residential remodeling market “good,” “fair” or “poor.” Responses from each question are converted to an index that.
Housing Wire
OCTOBER 13, 2022
Westwood Insurance Agency’s Customer & Lender Portals. Westwood Insurance Agency facilitates seamless home closings by connecting lenders, homebuyers and insurance companies through digital portals and click-to-bind technology. Westwood’s platform provides a fast and easy insurance buying process for borrowers, and a more transparent process for lenders.
Lamacchia Realty
OCTOBER 13, 2022
Sellers and their agents use comps to help determine a proper list price for a property. Closed comparable sales, also known as ‘comps,’ are used to approximate market value for residential properties. To determine what is comparable, one must consider all the physical attributes of a home including location, style, size, age, condition, amenities, upgrades, number of bedrooms and bathrooms, etc.
Housing Wire
OCTOBER 13, 2022
Connect. Qualia Connect enables mortgage lenders to deliver on-time, error-free, and predictable closings by plugging them directly into the Settlement Ecosystem. With Connect, mortgage lenders gain visibility and control by staying in sync, standardizing, and automating their workflows with any Title company. Product Fast Facts. #1. Gain control and visibility by plugging directly into the settlement ecosystem. #2.
Lamacchia Realty
OCTOBER 13, 2022
Announcing the newest qualifier for the 2022 President’s Club… Genevieve Botelho ! This is the 5th year in a row Genevieve has qualified and we couldn’t be more excited for her. Previously, she qualified in 2018 , 2019 , 2020 , and 2021 , and qualified for the prestigious President’s Club ELITE in 2020 and 2021 ! Genevieve was named the #1 agent in the Worcester office for total sales and highest volume in 2019, 2020 , and 2021 , ranked in Real Trends 2020 , was feature
Housing Wire
OCTOBER 13, 2022
Evocalize Collaborative Marketing Platform. Evocalize technology empowers enterprises to combine corporate-level marketing polish and efficiency with the relevance of local-level knowledge to increase marketing coordination, save time, and generate revenue to grow the entire business. Launch on Meta, Google, TikTok, and more with users all seamlessly executing sophisticated and unique marketing programs, achieving results together that would be impossible to run on their own.
Mashvisor
OCTOBER 13, 2022
Have you been thinking of investing in short term rentals for sale Orlando? Read on to find out how you can make a profit from your investment.
East Coast Appraisal
OCTOBER 13, 2022
Divorce can quickly drain you emotionally and financially. Things can get even messier and more complicated if you and your spouse own property together. Who gets the house? How will the mortgage get paid? What will happen to the equity? Such are some hard-to-answer questions that you may find yourself asking during this difficult time. Read on to understand how you may divide properties during a divorce and if you will need a property appraisal.
Mashvisor
OCTOBER 13, 2022
Rental property investors are caught in the midst of the short term rental calculator–Excel debate. Which option is the best one for you?
BiggerPockets
OCTOBER 13, 2022
Two articles ago, I pontificated about the coming disaster for many real estate investors. I quoted Warren Buffett and Howard Marks. I played my “third decade in real estate” card. […].
Mortgagebroker News
OCTOBER 13, 2022
The Canadian market continues to labour under mounting borrowing costs and the central bank's rate increases
BiggerPockets
OCTOBER 13, 2022
Everything you’ve been hearing about social security is a lie. For years, mainstream media and many financial figureheads have said that social security is on a fast track to bankruptcy, with no […].
Mortgagebroker News
OCTOBER 13, 2022
The platform is proving an invaluable tool for mortgage professionals in the current market
BiggerPockets
OCTOBER 13, 2022
Gen Z, the generation just on the cusp of homebuying age, may not have a chance to buy homes in the first place. For years, we’ve heard how millennials have […].
Mortgagebroker News
OCTOBER 13, 2022
This was a far cry from Canada's promising economic performance during the first half of 2022, Parliamentary Budget Officer says
Listing Spark
OCTOBER 13, 2022
powered by Sounder. Episode overview. The Texas real estate market has come crashing down. Or has it? Days on the market are up, home prices are down, but it’s not all doom and gloom. Is that the case for all major Texas housing markets? Or are some doing better than others? What should buyers and sellers be doing right now? What should they expect in this housing market?
Mortgagebroker News
OCTOBER 13, 2022
The inflation rate is not likely to return to the BoC's 2% target in the near future
Houston Properties
OCTOBER 13, 2022
Compare all Sugar Land Houston Condos for sale. Sugar Land TX Condos for sale offer modern amenities, great locations within 30 minutes of Houston.
Mortgagebroker News
OCTOBER 13, 2022
This will defy the trends evident in other major Canadian housing markets
Dart Appraisal
OCTOBER 13, 2022
TROY, Mich., October 13, 2022 (Newswire.com) – Dart Appraisal ( www.dartappraisal.com ), an independent, nationwide appraisal management company (AMC), has named John LaBriola to its executive team as Vice President of Sales. In this role, John will oversee all revenue-generating activities across existing and prospective customers. Labriola has more than 30 years of experience in both Sales and Sales Training.
Mortgagebroker News
OCTOBER 13, 2022
Interest rate increases and economic volatility are amplifying the risk of home price crashes
Housing Wire
OCTOBER 13, 2022
For homebuyers looking to buy single-family properties, alternatives to traditional houses can be a more affordable option. Jacob Channel, senior economist for LendingTree, says mobile homes, condos or townhouses are still cheaper than single-family homes, even as values rise for these alternatives. A new LendingTree study found that mobile homes are cheaper and their values appreciated almost as quickly as single-family homes over five years, from 2016 to 2021.
Mortgagebroker News
OCTOBER 13, 2022
Sales activity in the city is continuing to decline significantly
Appraiserblogs
OCTOBER 13, 2022
Every business that owns a commercial property will require an appraisal. Commercial real estate transactions are the most common. Commercial real estate appraisals are necessary when acquiring or selling a commercial building. As with home appraisals, commercial property appraisals offer unbiased, third-party insight into their value. In contrast to residential properties such as single-family houses or condominiums, commercial appraisals estimate the value of stores, offices, hotels, apartment
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