Fri.Sep 02, 2022

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OWNS ETF taps capital markets to close racial-wealth gap

Housing Wire

The Impact Shares Affordable Housing MBS ETF, also known as OWNS, is an exchange-traded fund with the ambitious mission of seeking to tap the capital markets to address long-standing affordable-housing and racial-wealth gap issues in U.S. society. Since its inception last summer, OWNS has focused on investing in agency mortgage-backed securities (MBS) that are collateralized by custom-created mortgage pools.

Marketing 458
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What Is a Reconciled Value?

Cleveland Appraisal Blog

Have you ever read thru an appraisal report? You may have noticed that there are three approaches to value. The Sales Comparison Approach, the Cost Approach, and the Income Approach. The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised.

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AmeriSave exits wholesale channel, cuts staff

Housing Wire

Atlanta-based AmeriSave Mortgage Corp. exited the wholesale channel this week, a decision that comes after the mortgage lender has imposed rounds of layoffs across the company, according to former employees and business partners. . HousingWire sent multiple requests to the company’s leadership for comments, but they did not respond. This week, brokers received a message stating that AmeriSave Wholesale Mortgage Solutions (AWMS), the company’s wholesale channel, is closing doors imme

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Study Finds Inflation More Severe for Younger Renters

Appraisal Buzz

Millennials who took on a new rental lease in July saw their overall cost of goods and services increase 11.6% year over year, substantially higher than 8.5% for the U.S. population as a whole. The personal inflation rate for Gen Z renters taking on a new lease came nearly as high at 11.3%, according to … The post Study Finds Inflation More Severe for Younger Renters appeared first on DSNews.

Appraisal 195
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Homepoint lays off off more than 100 employees

Housing Wire

Homepoint laid off more than 100 employees this week as it feels the effects of the price war in the wholesale lending space. The company confirmed workforce reductions on Wednesday and Thursday are in line with the company’s “openness to get smaller as an organization to effectively counter severe market pressures,” according to a spokesperson on Thursday.

Lending 421
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Property Preservation Experts to Meet at Upcoming Five Star Conference

Appraisal Buzz

As part of September’s Five Star Conference in Dallas, the Property Preservation Lab brings together individuals discussing the challenges currently faced, while offering solutions to continue the prevention of urban blight. The post Property Preservation Experts to Meet at Upcoming Five Star Conference appeared first on DSNews. The post Property Preservation Experts to Meet at Upcoming Five Star Conference appeared first on Appraisal Buzz.

Appraisal 195

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Examining Gender Disparities in Homeownership

Appraisal Buzz

Although women have come a long way in terms of equality, they still have a way to go, according to a new ConsumerAffairs analysis which details exactly how many years of saving it would take for the average woman to afford a home compared to males. The post Examining Gender Disparities in Homeownership appeared first on DSNews. The post Examining Gender Disparities in Homeownership appeared first on Appraisal Buzz.

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HousingWire Magazine: September 2022

Housing Wire

Back in March, HousingWire Lead Analyst Logan Mohtashami coined the phrase “savagely unhealthy” to describe the state of the housing market. As catchy and memorable as the saying is, it signifies a very volatile and discouraging time for industry professionals and people looking to buy a home. Do you notice how I used a present-tense word there? Unfortunately, this phrase still rings true six months later.

Retail 409
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Examining Gender Disparities in Homeownership

Appraisal Buzz

Throughout history, —and still today— women nationwide have experienced a great deal of obstacles and discrimination solely based on their gender. From fighting for equal rights to advocating for wage fairness, some women often find themselves working harder than men to obtain their goals.Unfortunately that seems to be the case, as the latest study from … The post Examining Gender Disparities in Homeownership appeared first on DSNews.

Appraisal 150
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How will non-QM perform for the rest of 2022?

Housing Wire

With rising rates and inflation, non-QM lending has spent the last few months in choppy waters , with some lenders closing their doors. However, the outlook for non-QM for the rest of 2022 is relatively optimistic, according to Acra Lending CEO Keith Lind. “We are fairly bullish,” Lind said. “You had this backlog of lower-coupon loans that were originated in the first two quarters, where people got caught offsides, and we had a sort of ‘get the pig through the python’ concept.

Lending 397
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Average Home Now Sells For Less Than Asking Price

Appraisal Buzz

For the first time since the housing market picked up after the pandemic, Redfin has reported that the average home has sold for less than its listing price as of August 28 in another sign of a housing market cooldown. This information comes by way of a new report published by Redfin, which covers the … The post Average Home Now Sells For Less Than Asking Price appeared first on DSNews.

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5 reasons to attend the Women of Influence Forum at HW Annual on Oct. 3

Housing Wire

If there’s a key theme in the women leaders in the housing industry, it’s their collaboration and openness to helping each other grow and develop. It’s core to how this industry continues to move markets forward, which is why if you are attending HW Annual , you can’t skip the Women of Influence Forum on Oct. 3. Both men and women can benefit from the advice, research and professional tales sure to be told at this half-day event. ??

Lending 392
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Study: Which States Can Homeowners Find Smallest, Largest HELOC’s?

Appraisal Buzz

As the housing market finally displays signs of continued cooling, home prices across the nation remain at inflated highs, with Americans sitting on a record $27.8 trillion in home equity, according to a new study from LendingTree —an estimated $333,000 worth of equity for each owner-occupied housing unit in the nation. While most homeowners likely … The post Study: Which States Can Homeowners Find Smallest, Largest HELOC’s?

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Solid Job Gains in August

Eyes on Housing

Job growth remained solid in August, with 315,000 net job growth. However, the unemployment rate rose 0.2 percentage points to 3.7% in August, as the labor market participation rate expanded. “Softer labor market conditions” are expected in the near future as the Fed raises interest rates aggressively into 2023 to bring inflation lower. The headline job number of today’s labor.

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LL 100 Issues White Paper on Fair Debt Collection Practices Act

Appraisal Buzz

Members of LL 100’s Special Initiative Working Group examine the CFPB’s amendments to Regulation F of the Fair Debt Collection Practices Act and their implications on the mortgage servicing industry. The post LL 100 Issues White Paper on Fair Debt Collection Practices Act appeared first on DSNews. The post LL 100 Issues White Paper on Fair Debt Collection Practices Act appeared first on Appraisal Buzz.

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Appraiser Bias Allegations Unmask Debt Traps

Appraiserblogs

Claims of tainted appraisal unmask something else… the renewed “churning” of mortgages by nonbank lenders. Convinced racism torpedoed valuations in their home refinancings, the owners of three properties in the San Francisco Bay Area told their stories to Julian Glover, a reporter who covers the race, culture and social justice beat for ABC’s San Francisco affiliate.

Appraisal 105
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Summer Ends Amid Rising Bankruptcies

Appraisal Buzz

Epiq, an Atlanta-based provider of intelligence to the legal services industry, has released its August 2022 bankruptcy filing statistics from its new Bankruptcy Analytics platform which found that filings increased by 10% since last year representing 35,276 filings of all types, up from the 30,848 seen in July, 32,175 filings seen in June, and 32,508 filings seen … The post Summer Ends Amid Rising Bankruptcies appeared first on DSNews.

Legal 195
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Sun West unveils NFT loan powered by AI technology

Housing Wire

Loan originator and servicer Sun West Mortgage Co. Inc. has unveiled the latest version of its proprietary artificial-intelligence (AI) platform, called Morgan, which enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs). The NFT is property agnostic, backed by real dollars and guaranteed by Sun West , which is one of the largest nonbank mortgage companies in the country, licensed in 48 states with a network of some 80 retail branches.

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Five Star Conference to Offer Foreclosure Administration Lab

Appraisal Buzz

The upcoming Five Star Conference in Dallas will offer a session focused on the foreclosure space, and how to prepare for increased volume, the impact firms may experience on workflow and hiring, and much more. The post Five Star Conference to Offer Foreclosure Administration Lab appeared first on DSNews. The post Five Star Conference to Offer Foreclosure Administration Lab appeared first on Appraisal Buzz.

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THE ULTIMATE HOUSTON RELOCATION GUIDE

Houston Properties

Relocating to Houston? Our experts created a complete Houston relocation guide with neighborhood comparisons, schools info, cost of living data, and homebuying assistance.

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Will 2023 Be a Good Time to Buy Las Vegas Rental Properties for Sale?

Mashvisor

As a real estate investor, start looking for Las Vegas rental properties for sale. The city is home to one of the country’s most active markets.

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Kelly Dimbat Qualifies for 2022 Lamacchia Realty President’s Club

Lamacchia Realty

Kelly Dimbat has officially qualified for the 2022 President’s Club by surpassing $16,000,000 in sales volume ALREADY this year! This is the 2nd year in a row that Kelly has qualified, making it in 2021 as well. She is a consistent top producer in the Woburn office and across the company, most recently making it in the t op 10 in the company for the first half of the year.

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Top 7 Neighborhoods With Easy Access to the Houston METRORail

Houston Properties

Tired of long commutes? Read our expert guide on the best neighborhoods with the easiest access located near the Houston METRORail.

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Sublet or Save: This Strategy Can Help You Buy a House Several Years Faster

BiggerPockets

RentCafe recently released data that suggests one-in-three renters are willing to downsize their homes to save more money for a down payment on a property. In an analysis of 200 markets, […].

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Poll: Canadian finances labouring under inflation trends

Mortgagebroker News

A significant share of homeowners are unable to handle further price increases, new poll finds

Finance 68
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Handling Finances as a Couple: Individual, Combined, or a Bit Of Both?

BiggerPockets

Having shared finances, for most couples, is an automatic thing to do once married or after being together for many years. It seems natural to want to combine income, expenses, […].

Finance 57
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StatCan releases latest building permit values

Mortgagebroker News

Ontario was a major contributor to trends in both the residential and non-residential segments

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Wall Street: Huge Threat or Harmless Hedge Funds?

BiggerPockets

Home prices are a big part of the housing market. But not as big as interest rates. As the Federal Reserve sets out to “kill the economy” with rising mortgage […].

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4 Massachusetts Communities Where Home Prices Dropped in July 2022

Buys Brokers Only LLC

Home prices in Massachusetts rose in July, but not every city and town saw its median house price increase.

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Avison Young highlights Vancouver office market's resurgence

Mortgagebroker News

Open slots continue to decline amid the easing of pandemic-induced restrictions

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How to Maximize the Rent for Your Investment Property

Eppraisal

Rental prices have been increasing just as home values have increased. It is predicted that the real estate market is going to start balancing or correcting. In fact, in some markets it is already taking place. This will, most likely, affect rental prices as well. It is important to know how to maximize the rent for your rental property in order to receive the most return on your investment.

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How much has demand for non-bank mortgages accelerated in Ontario?

Mortgagebroker News

Latest figures from the FSRA show a sustained appetite

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Guide To Piney Point Village Luxury Real Estate

Houston Properties

Scan through the most expensive Piney Point homes for sale. The article includes pictures, prices, and floorplans of Piney Point luxury real estate.

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VP of Sales and Business Development

Dart Appraisal

VP of Sales and Business Development Troy, MI. Dart Appraisal is looking for a dynamic and experienced Business Development Leader to join our executive team. This is an in office position based in Troy, MI, and reports directly to the President. Responsibility will include overall sales and business development strategy creation and execution. As the V.P. of Sales and Business Development, you will focus on developing and implementing strategies to strengthen and grow the company’s curren