Housing Wire

MARCH 15, 2023

Following a chorus of complaints from the mortgage industry, the Federal Housing Finance Agency (FHFA) on Wednesday announced that it would delay the implementation of a new and controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income ratios. The upfront pricing fee on DTI ratios of 40% or more – part of a larger series of changes to the Enterprises’ pricing grids – was slated to go into effect on May 1, 2023. “FHFA has decided to delay the effecti

Mortgage 397

Mortgage Realtors Housing Market Investors 397

George Dell

MARCH 15, 2023

Market value, of course! Or is it? The great recession, and things like that, which come around every 12-15 years, all concur with the ‘accepted’ definition of market value, as written in the USPAP book Advisory Opinion 30. In short, the definition requires: Most probable price Competitive and open market Prudent and knowledgeable consumers No […] The post Market Value or Other Value?

Market Value 370

Market Value Marketing Valuation 370

Housing Wire

MARCH 15, 2023

Fannie Mae announced on Wednesday that it has appointed Michael Seelig to its board of directors, where he will serve on the audit committee. Seelig’s mandate is to “help Fannie Mae fulfill its mission to facilitate equitable and sustainable access to homeownership and quality affordable rental housing across America,” according to a statement from the government-sponsored enterprise (GSE).

Mortgage 397

Mortgage Appraisal Valuation Real Estate 397

Eyes on Housing

MARCH 15, 2023

After four consecutive declines, the producer price index (PPI) for inputs to residential construction less energy (i.e., building materials) rose 0.3% in February 2023 (not seasonally adjusted) follow a 1.1% increase in January (revised), according to the latest PPI report. Price growth of goods inputs to residential construction, including energy, gained 0.4% over the month.

Construction 213

Construction 213

Housing Wire

MARCH 15, 2023

Despite the volatile mortgage rate environment and overall economic uncertainty, homebuilder confidence slowly continues to rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. In March, homebuilder sentiment in the market for newly built single-family homes rose two points from February’s reading , to an index value of 44.

Loan Conditions 383

Loan Conditions Inventory Buyers Supply Chain 383

Eyes on Housing

MARCH 15, 2023

Although high construction costs and elevated interest rates continue to hamper housing affordability, builders expressed cautious optimism in March as a lack of existing inventory is shifting demand to the new home market. Builder confidence in the market for newly built single-family homes in March rose two points to 44, according to the National Association of Home Builders (NAHB)/Wells Fargo.

Inventory 168

Inventory Construction Marketing 168

Inman

MARCH 15, 2023

Topics across Engel & Völkers' two-day EVX conference included international markets, increasing leads and listings, social media strategies, brand credibility and much more.

Marketing 133

Marketing Brokerage Clients 133

Housing Wire

MARCH 15, 2023

The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced a sweeping overhaul of the agency’s disaster recovery efforts to improve the response for communities impacted by climate change. HUD has played an expanded role in the response to natural disasters in recent years. As such, the Department is establishing two new offices: the Office of Disaster Management (ODM) in the Office of the Deputy Secretary and the Office of Disaster Recovery (ODR) within the Office of Comm

Insurance 369

Insurance Mortgage Finance Modernization 369

Inman

MARCH 15, 2023

After several years of bidding wars and waived contingencies, the scales are starting to tip in homebuyers' favor, according to Redfin's latest market report published on Wednesday. During the three months ending Feb. 28, 45.5 percent of homesellers offered to cover repairs, closing costs and mortgage rate buy-downs alongside other concessions. That's a 14.4 percent increase from last year and the highest concession rate since June 2020.

Sellers 147

Sellers Mortgage Marketing 147

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. “We are still open for business and my team is still working together moving the mortgage loans through our pipeline,” Suzie Porter, director of mortgage operations at SVB, said in a social media post on Tu

Mortgage 369

Mortgage Loan Officers Insurance Finance 369

Inman

MARCH 15, 2023

AI is useful, but it's far from perfect. Here are five common questions buyer clients ask agents, incorrect responses from ChatGPT, plus the correct response agents should use to avoid litigation.

Buyers 147

Buyers Agents Clients Tools 147

Housing Wire

MARCH 15, 2023

You’ve likely heard of ChatGPT and the online discussions surrounding its use. The AI-powered language tool has been sparking conversations about where and how it can be used to make work more efficient, and the mortgage business is no exception. ChatGPT was launched in November 2022 by OpenAI. The tool has been trained on millions of pages of writing dating from 2021 and earlier across the internet.

Mortgage 368

Mortgage Tools Training Marketing 368

Inman

MARCH 15, 2023

Coldwell Banker Chief Operating Officer Liz Gehringer told Inman a diversity push is helping grow the company even in a slower market. She also touted the return of international buyers as the pandemic winds down.

Buyers 148

Buyers Marketing Realty Brokerage 148

Housing Wire

MARCH 15, 2023

One day after Signature Bank collapsed , an affiliate of loanDepot moved $225 million of cash balances to a large money center bank, the mortgage company disclosed Wednesday morning. With the transfer, the lender said all cash and cash equivalents are now distributed across large money center banks, according to an 8k filing with the Securities and Exchange Commission (SEC).

Mortgage 367

Mortgage Real Estate Insurance Investors 367

Inman

MARCH 15, 2023

Within six weeks, the companies exceeded their adoption target, largely as a result of an internal marketing campaign whereby agents who were early adopters of the program made recommendations to other agents based on experience, BHS exclusively told Inman.

Agents 146

Agents Marketing Brokerage Clients 146

Appraiserblogs

MARCH 15, 2023

Garbage data in means garbage results out every time! It’s no secret that AVMs have been a thorn in the side of real estate appraisers since they first came out. Despite all their bells and whistles, these automated valuation models still rely on inaccurate public records and often come up with wildly inaccurate home values. Unfortunately, some consumers don’t realize this until it’s too late – when reality comes crashing down from a local real estate professional after they’ve already gotten t

Appraisal 145

Appraisal Real Estate Valuation Home Value 145

Inman

MARCH 15, 2023

The announcement follows the resignations of former Long & Foster Companies President and CEO Jeff Detwiler and former Long & Foster Real Estate President Boomer Foster, which were made public at the beginning of this week.

Real Estate 145

Real Estate Brokerage Agents 145

Valuation Review

MARCH 15, 2023

Cignature Realty CEO Lazer Sternhell concludes his thoughts on multifamily housing.

Realty 78

Realty Marketing Investing 78

Inman

MARCH 15, 2023

The firms said they would expand into Houston, Phoenix and Dallas. The expansion follows the group’s February announcement that they would offer their joint service in Atlanta and Raleigh.

Marketing 144

Marketing 144

Mashvisor

MARCH 15, 2023

Maximizing the earning potential of your real estate investment requires you to be knowledgeable about specific strategies and opportunities.

Real Estate 74

Real Estate Investing Investors Finance 74

Inman

MARCH 15, 2023

Builder confidence rose 2 points in the latest National Association of Home Builders' Housing Market Index, but economists fear lending challenges in the wake of bank failures this month.

Lending 144

Lending Housing Market Development Marketing 144

Valuation Review

MARCH 15, 2023

Fannie Mae recently released its Selling Guide Announcement SEL-2023-02 with significant updates for appraisers.

Appraisal 78

Appraisal 78

Inman

MARCH 15, 2023

From outdated designs to lackluster content, these errors can significantly impact your business. But with some insight on how bad each mistake really is, you can avoid the worst ones and create a website that's an asset for your business.

Design 143

Design Business Agents Marketing 143

Valuation Review

MARCH 15, 2023

JLL’s Valuation Advisory group recently released its inaugural Healthcare Investor Survey and Trends Outlook.

Valuation 60

Valuation Investors 60

Inman

MARCH 15, 2023

Leadership is not an inherent quality; it can be learned and constantly improved, according to PLACE's Ben Kinney and Brian Gubernick. Team leader Carl Medford outlines the eight qualities they've identified as leadership game-changers.

Real Estate 142

Real Estate Brokerage Agents 142

Cleveland Appraisal Blog

MARCH 15, 2023

Hello dear readers! I hope you are all doing as well. This week, I welcome a new guest blogger, Evelyn Grier, who specializes in writing articles on healthcare, senior care, and digital marketing. In the following article, she shares some things to keep in mind regarding senior living. I hope you enjoy her article and find some things that will benefit you and your loved ones!

Appraisal 52

Appraisal Legal Real Estate Transportation 52

Inman

MARCH 15, 2023

Economists revealed to Intel how mortgage rates and inflation will bring the spring homebuying market back toward historical norms and become the new sales benchmark for years to come.

Mortgage 139

Mortgage Marketing Real Estate 139

Lamacchia Realty

MARCH 15, 2023

IS RENTAL PROPERTY IN FLORIDA A GOOD INVESTMENT? The real estate market in Florida is very dynamic, with thousands of sales made daily. With its warm weather, friendly people, and gorgeous coastline, Florida is a dream state for many. This is what makes it very popular when it comes to both homebuyers and those looking to buy rental properties. If you want to invest in real estate in Florida but avoid buying a new place for yourself, the question arises: is rental property in Florida a good inve

Investing 51

Investing Real Estate Real Estate Agent Realtors 51

Inman

MARCH 15, 2023

Walk through how to use the free app to build instant and accurate home improvement estimates, get the expected return on investment, and swiftly price out home inspection reports

Inspection 134

Inspection Home Improvement Investing 134

Valuation Review

MARCH 15, 2023

CoreLogic recently released its latest Single-Family Rent Index (SFRI) results for December.

60

60

Inman

MARCH 15, 2023

The team at Kaplan will walk us through an insightful look at the educational needs and mindset shift required for 2023 success. Get a look at the new players in the market. See how the post-pandemic market and shifting economic outlook will affect who you are going to be.

Real Estate 127

Real Estate Business Marketing 127

Valuation Review

MARCH 15, 2023

The U.S. Department of Housing and Urban Development reach Road Home Program agreement.

Development 60

Development 60

Inman

MARCH 15, 2023

Zillow said its partnership with Engrain will give renters the ability to see what floor their potential dwelling is on, as well as the view outside and within the building.

144

144

Valuation Review

MARCH 15, 2023

Each year, the average American household spends $2,690 on real-estate property taxes.

Property Taxes 60

Property Taxes Real Estate 60