Tue.Aug 30, 2022

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Mountain West Financial steps back from wholesale lending

Housing Wire

Add mortgage lender Mountain West Financial to the list of victims of the price war in the wholesale channel. The Redlands, California-based company informed its broker network last week that it has “made the difficult decision to take a step back from wholesale lending,” according to a spokesperson. Founded in 1990, Mountain will continue to serve retail and consumer direct clients throughout the Western United States.

Lending 414
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How Full Is Your Glass?

The Appraiser Coach

I love podcasts! In fact, I started recording podcasts because of how much I loved listening to them. Recently, I was listening to a podcast about car salesmen, and one. Read More.

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Two new MSR offerings hit the market

Housing Wire

The Prestwick Mortgage Group , an Alexandria, Virginia-based advisory and brokerage firm, has unveiled a mortgage-servicing rights (MSR) offering for a $598 million package of Fannie Mae and Freddie Mac loans. Prestwick’s offering comes on the heels of a separate bulk offering announced recently by New York-based Mortgage Industry Advisory Group (MIAC) that involves an MSR offering for a package of Fannie Mae loans.

Marketing 414
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Changing Needs Motivating Home Sellers

Appraisal Buzz

According to a new Realtor.com survey, some 92% of people who sold their home within the last year accepted some buyer-friendly terms, and approximately 41% accepted some contingencies in the contract. Additionally, among those surveyed, the number of buyers asking for repairs based on the inspection results more than doubled in recent months and the number … The post Changing Needs Motivating Home Sellers appeared first on DSNews.

Sellers 195
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Heather Siegel to speak at HW Annual Oct. 4

Housing Wire

Between a rise in M&A activity to a surge in tech adoption, the title sector is one to watch as we head into the rest of 2022 and beyond. From where technology is making an impact in the space to the nuances in state and federal laws, this panel focused on “The Future of Title” is one you don’t want to miss at HW Annual. We’re excited to have Heather Siegel, account manager at Qualia , on the panel as she taps into her deep experience in how both lenders as well as t

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HUD Pledges $15 Million to Assist the Elderly

Appraisal Buzz

New program will fund endeavors to make safety and functional home modification repairs and renovations to meet the needs of low-income elderly homeowners. The post HUD Pledges $15 Million to Assist the Elderly appeared first on DSNews. The post HUD Pledges $15 Million to Assist the Elderly appeared first on Appraisal Buzz.

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How Full Is Your Glass?

Appraisal Buzz

I love podcasts! In fact, I started recording podcasts because of how much I loved listening to them. Recently, I was listening to a podcast about car salesmen, and one … Read More. The post How Full Is Your Glass? appeared first on Appraisal Buzz.

Appraisal 150
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FormFree and Docutech team up with integration

Housing Wire

Mortgage tech firms FormFree and Docutech are teaming up to make verification of assets (VOA) and verification of income and employment (VOI/E) available in the initial disclosure phase of the mortgage process. . FormFree’s AccountChek, a service that allows lenders to verify borrower’s assets, income, employment and rent payment history, is used by retail, wholesale and correspondent originators.

Retail 393
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Report: Home Prices Will Continue to Decelerate

Appraisal Buzz

In the month of June, housing markets in the Western U.S. began to show signs of slowing, as S&P CoreLogic Case-Shiller data found a 1.9% overall month-over-month slide in the price of houses across the U.S. The post Report: Home Prices Will Continue to Decelerate appeared first on DSNews. The post Report: Home Prices Will Continue to Decelerate appeared first on Appraisal Buzz.

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Why home-price growth is still up 18% year over year

Housing Wire

On Tuesday, the S&P CoreLogic Case Shiller Index reported that national home prices grew 18% year over year. While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9 months even if the last existing home sales report showed home price growth of near 11% year over

Inventory 382
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What Impact Do Investors Have on the Housing Market?

Appraisal Buzz

Citing recent data from First American Data & Analytics, investor purchases of residential homes as rental properties as a share of all residential home sales, have increased sharply over the course of the last year. This number has risen from 10.5% in May 2021 to 18% by May 2022. According to Xander Snyder, the Senior … The post What Impact Do Investors Have on the Housing Market?

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Stable Reading for July Construction Job Openings

Eyes on Housing

The construction labor market is cooling off as economic activity slows in response to tighter monetary policy. However, the July data shows stability concerning the number of open, unfilled jobs in the construction industry. This trend will likely weaken during the second half of 2022 due to the policy decisions by the Federal Reserve. The count of open construction jobs.

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9 Ways to Handle Appraisal Pressure and Still Maintain Your Ethical Reputation

McKissock

There’s no simple and easy way to deal with appraisal pressure. A major source of frustration for appraisers is the realization that clients do not have to follow USPAP. The ethical and performance requirements of USPAP apply only to appraisers, not to clients. In other words, USPAP doesn’t prohibit a mortgage broker from calling and asking you to develop an appraisal based on a predetermined value, but USPAP does prohibit you from accepting that assignment.

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Anthony Lamacchia Featured in Broward Real Producers Magazine

Lamacchia Realty

Anthony Lamacchia was featured in the August edition of the Broward Real Producers magazine! In the feature, he talks about the company’s growth of the Florida office, the tools and training for agents, his goals for the end of the year and beyond, and more! Click here or on the picture to learn more! Additional Resources. Anthony Lamacchia and Mike McGrory Featured in Boston.com Article.

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Success Story: How an Inverse Mentorship Benefits Everyone

McKissock

Six years ago, when real estate agent Evan Roberts earned his license and started in the business, he realized he needed to learn tricks of the trade beyond his course. “You have more complex transactions,” said Roberts, “and you really need someone with 20 to 30 years of experience who has been through the process before and who you can lean on.”. What happens, Roberts wondered, when your clients didn’t find a house and instead want to buy a lot and build?

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Boulevard Oaks Houston Neighborhood Maps

Houston Properties

Navigate the new Boulevard Oaks maps. Read about the Boulevard Oaks neighborhood and its real estate guide. Explore map of Boulevard Oaks homes for sale.

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What keeps a non-bank lender in the game?

Mortgagebroker News

"We want to always dynamically move with whatever's happening in the trends in the markets, whether it's competitive rates or the stability of a product offering"

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5 Key West University Real Estate Trends

Houston Properties

See West University real estate, home sales, and investment data. The article covers neighborhood analysis and review of homes for sale.

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Living for “Free” with 63 Self-Storage Units

BiggerPockets

The older you get, the more you realize how much life costs. As a kid, it’s easy to take for granted the free rent and free meals, but what if you could […].

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HOUSTON HOME BUYING RESOURCES

Houston Properties

Get our comprehensive guide to the homebuying process. We also included maps, neighborhood information, mortgage tips, resources & more!

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Maybe I’m Wrong. We Can Avoid A Burst Bubble If These Four Things Happen

BiggerPockets

I fear for my fellow real estate investors. Many of them, at least. I fear many investors have been hypnotized by a market that went off the rails somewhere back […].

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CMHC releases latest quarterly results

Mortgagebroker News

The Crown corporation has been weathering the significant market shifts seen over the past few months

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10 Embarrassing Home Staging Mistakes That Can Hurt Your Home’s Value

Berkshire Hathaway

1. Too Much Furniture. Pay careful attention to the amount of furniture in each room of your home. Filling a house with excess furniture is a very common staging mistake — if the furniture barely fits, buyers will have a hard time imagining how they’ll make their everyday lives, and their own furniture, fit into the same space. 2. Furniture that Doesn’t Fit the Room.

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Canada home prices – how far could they fall next year?

Mortgagebroker News

A new report by TD sheds light on the troubling signs becoming apparent in the market

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Home Price Growth Eased in June

Eyes on Housing

Home price growth decelerated in June and home prices grew at a single-digit annual rate for the first time in the past 23 months. As housing demand is softening, with declines for existing home sales and new home sales and weakened single-family starts, home price growth is expected to slow. In July, all the 20 metro areas experienced significant deceleration.

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Terra Firma Capital Corporation announces robust earnings

Mortgagebroker News

The company has been conducting its business at a more measured pace due to current trends

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7 Home Renovations That Will Get You an ROI at the Closing Table

Berkshire Hathaway

1. Minor Bathroom Remodel. Average Cost: $10,500. Average Return: $10,700. ROI: 102.0%. There are essentially two types of rooms that sell houses: kitchens and bathrooms. As it turns out, however, the greatest home improvement ROI coincides with remodeling the bathrooms. Instead of initiating a little project in each room, conducting a minor bathroom remodel may be better.

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Canada housing market – what direction is it headed in?

Mortgagebroker News

Storm clouds are brewing, but there's some cause for optimism

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Lamacchia Reaches $1 Billion in Sales for 2020

Lamacchia Realty

Lamacchia Realty is thrilled to announce they have reached the incredible milestone of $1 Billion Dollars in sales in 2020. This is an incredible step for an independently owned brokerage, particularly in 2020 during which the pandemic could have all but derailed efforts to reach this level of sales volume. Lamacchia Realty began in 2009 as a team model which in one year became #1 in Massachusetts and continued to hold that title for five consecutive years.

Realty 69
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5 Negotiation Secrets Smart Buyers Use to Get Better Deals

Berkshire Hathaway

1. Know What You Want. Successful real estate negotiation begins by knowing what you are looking for exactly. For example, are you looking for single-family homes or multi-family homes or condos? Should the investment property be in a busy city or an up and coming neighborhood? Are you looking for a move-in ready rental property or are you willing to consider a home that requires renovations?

Buyers 49
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Being a Buyer in a Balancing Real Estate Market

Eppraisal

There is a lot of news in the media about the real estate market starting to cool down for sellers and balance out for buyers. If you are a buyer, you may be getting giddy about it. Don't get too excited yet, however. It does not happen overnight. Here are a couple of strategies for buyers to follow in order to secure the houses they have been waiting for.

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Potential Costs Tied to Selling a Seattle/King County House in 2022

Will Springer Realtor

Owning a detached, single-family home comes with maintenance costs to keep the place in good shape. The same can be said when preparing the property for sale. Yes, everything comes with a price – especially in these inflationary times. That’s why it’s important for homeowners to not only stay on top of routine maintenance but remember to upgrade key components when they are nearing the end of their lifespans.

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Angel Hernandez to speak at HW Annual Oct. 4

Housing Wire

What’s unique about President Biden’s housing administration compared to past administrations? From regulations and enforcement to innovation in policies and technology, there’s a lot to talk through when it comes to addressing this question, which is why we’re stoked for this panel at HousingWire Annual. Moderating the Regulatory Super Session on Oct. 4, Angel Hernandez, vice president of industry and regulatory affairs at Stavvy , will lead this panel through what you n