Housing Wire

JULY 13, 2023

Non-qualified mortgage (non-QM) lender NewFi Lending has launched a correspondent lending channel at a time when originators are fighting to grab production volume. “Non-QM product offerings are critical to any mortgage bankers’ offerings in today’s market. Newfi is leading the way in terms of innovation and service for these originations,” Dan Bayer, SVP of non-QM development and strategy, said in a statement.

Lending 370

Lending Realtors Retail Mortgage 370

Sacramento Appraisal Blog

JULY 13, 2023

The housing market has likely peaked for the year. Today I’d like to show some ways I’m seeing this in the stats. I’m focused on Sacramento, but this is likely showing up in many markets. Skim by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 7/20/23 SAR Market Update (in-person & livestream) 7/26/23 Fair Mortgage (details TBD) […] The post Did the housing market peak for the year?

Housing Market 252

Housing Market Marketing Real Estate Appraisal 252

Housing Wire

JULY 13, 2023

Mortgage rates continued rising for the third consecutive week, increasing to 6.96%, the highest level since November 2022. The uptick in mortgage rates came amid positive inflation news – the consumer price index rate showed cooling prices in June, rising just 3.0% from a year ago, the smallest annual increase since March 2021. However, it is unlikely to be enough to prevent an additional rate hike at the next Federal Open Markets Committee meeting on July 25-26.

Mortgage 370

Mortgage New Listings Buyers Inventory 370

Real Estate News

JULY 13, 2023

Prefab homes don't have the sexiest reputation, but modern styles mimic traditional homes — and could make homeownership more attainable.

Modernization 240

Modernization 240

Housing Wire

JULY 13, 2023

New York City-based title insurance agency Kensington Vanguard National Land Services, LLC. is the latest title firm to come under fire from New York Attorney General Letitia James for business practices that “reduce competition and negatively impact wages and opportunities for workers,” according to an announcement on Wednesday. An investigation by James’ office found that Kensington had entered into illegal no-poach agreements with several of its title underwriters, who also independently sell

Insurance 369

Insurance Agents Business Marketing 369

Real Estate News

JULY 13, 2023

Mortgage rates jumped for the third week in a row and are hovering near 7%, but lower-than-expected inflation could mean the economy is normalizing.

Mortgage 218

Mortgage 218

Inman

JULY 13, 2023

Tune in to Inman Access and discover the untold experiences and lessons that have shaped the remarkable career of real estate icon Sherry Chris in an exclusive interview with Andrew Flachner.

Real Estate 148

Real Estate Brokerage Agents 148

Housing Wire

JULY 13, 2023

AG Mortgage Investment Trust, Inc. entered into a dispute with Terra Property Trust, Inc. for Western Asset Mortgage Capital Corp., the company announced on Thursday. AG Mortgage, a pure-play residential mortgage REIT controlled by Angelo Gordon & Co. and owner of mortgage lender ARC Home , made a stock-and-cash offer for its peer Western Asset, managed by Franklin Resources, Inc.

Investing 368

Investing Mortgage Property Management Investors 368

Inman

JULY 13, 2023

Most borrowers who have granted their mortgage lenders permission to verify their income and employment won't have to confirm the request a second time with their employer's payroll provider.

Mortgage 145

Mortgage Technology 145

Housing Wire

JULY 13, 2023

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2023 HW Vanguards are open until, July 28, 2023. Click here to nominate someone from your organization, today. Each year, HousingWire’s prestigious Vanguard award recognizes the c-suite leaders in housing who are making an impact on the industry at large.

Real Estate 366

Real Estate Lending Mortgage 366

Inman

JULY 13, 2023

Technology company Entrata, which builds an end-to-end business solution for the multifamily sector, has acquired industry colleague Rent Dynamics in an all-cash nine-figure deal, according to Entrata.

Tenants 144

Tenants Technology Business 144

Eyes on Housing

JULY 13, 2023

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) was unchanged in June 2023 (not seasonally adjusted). March 2023 was the last month prices increased. The index has gained 0.5%, year-to-date, and has not increased 1% or greater in any month since March 2022.

Construction 141

Construction 141

Inman

JULY 13, 2023

With Fannie and Freddie leading the charge, a growing number of lenders are using special purpose credit programs to boost homeownership in underserved communities.

Lending 143

Lending Mortgage 143

Empire Appraisal Group

JULY 13, 2023

S. Fla.’s Fastest Rising Home Values? Near Rail Stations Transportation drives growth but transit growth also drives housing. Home values near a S. Fla. transit rail station are appreciating faster than those farther out. MIAMI – Home values for properties near South Florida’s expanding rapid transit rail system are appreciating faster than other homes in the region.

Home Value 78

Home Value Transportation Training Development 78

Inman

JULY 13, 2023

Smart cities have the potential to fundamentally change our lives. This potential will only continue to develop and create a brighter future for all.

Development 144

Development Agents Marketing 144

Genworth MI Blog

JULY 13, 2023

The current housing market has been met with low housing inventory, yet demand is still relatively high. Prospective borrowers, especially first-time homebuyers, need to be ready for what they’ll encounter during the homebuying process, including home appraisals. That’s where you, the lenders, can step in and help. But with obstacles in the way for many, lenders need to stay updated on market trends and understand how every part of the homebuying journey might be impacted.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

Inman

JULY 13, 2023

It doesn't matter that there are fewer buyers to compete against. Rising mortgage rates and depleted inventory continue to erode options.

Inventory 145

Inventory Buyers Mortgage Housing Market 145

Eyes on Housing

JULY 13, 2023

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter of 2023 posted a reading of 68, edging down 2 points from the first quarter of 2023. Even though the Fed has maintained a hawkish position when it comes to interest rates as inflation continues to moderate since it is still above their 2 percent target, the demand for.

Marketing 78

Marketing 78

Inman

JULY 13, 2023

Find out how this Florida broker learned that getting your license is the easiest part of the real estate business.

Real Estate 148

Real Estate Business Brokerage 148

Housing Wire

JULY 13, 2023

CoreLogic , a provider of real estate data, analytics, and solutions, unveiled this week an upgrade to its CoreLogic Discovery Platform, offering users streamlined access to data-driven business analysis. The recent enhancement introduces pre-designed solutions tailored to assist mortgage lenders in transforming data into valuable insights. With this update, users can make faster decisions and achieve improved business outcomes, gaining immediate access to actionable insights. “Discovery P

Design 74

Design Loan Officers Real Estate Business 74

Inman

JULY 13, 2023

The power of the HOA may be over in some areas where personal preference and environmental concerns are ruling the day.

HOA 145

HOA Law Real Estate Agents 145

Lamacchia Realty

JULY 13, 2023

Behind the incredible REALTORS® of Lamacchia Realty is a team of over 75 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views its staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.

Realty 67

Realty Realtors Brokerage Agents 67

Inman

JULY 13, 2023

Consulting firm McKinsey & Company has found that pandemic-induced hybrid work is here to stay, for better or worse, ensuring permanent consequences for real estate agents in larger cities.

Real Estate Agent 113

Real Estate Agent Real Estate Agents Marketing 113

Clear Capital

JULY 13, 2023

Clear Capital and ICE Mortgage Technology Expand Partnership to Support Adoption of Modern Appraisal Programs Encompass integration will expand Clear Capital product offerings through ICE’s Encompass Partner Connect API Reno, NV – July 13, 2023 – Clear Capital today announced that its integration is now built on the latest Encompass Partner Connect API Platform and available through ICE Mortgage Technology ® , a part of Intercontinental Exchange (NYSE: ICE) and a leading provider of data, techno

Modernization 67

Modernization Technology Appraisal Mortgage 67

Inman

JULY 13, 2023

There's a desperate need for more housing inventory in the country, but Dr. Lee Davenport points out that developers must still follow the rules and respect the rights of others.

Development 112

Development Inventory Investing Real Estate 112

BiggerPockets

JULY 13, 2023

One real estate market is ready to explode, haunted houses and “dark tourism” become all the rage, tiny homes are the new affordable housing, and multifamily investors find colossal cash […]

Development 61

Development Real Estate Investors Marketing 61

Mortgagebroker News

JULY 13, 2023

Canadians also aren't alone in experiencing mounting inflation levels and elevated interest rates, Prime Minister says

68

68

BiggerPockets

JULY 13, 2023

Want to cut your electric bill in HALF? A few secret yet simple hacks can save you hundreds, if not THOUSANDS, on your utility bills.

68

68

Mortgagebroker News

JULY 13, 2023

Another jump could be on the way – but it would mean rate cuts arrive sooner, economist says

69

69

Housing Wire

JULY 13, 2023

The U.S. rental market has been slowing for more than a year, but the median asking rent is still not far off record highs, according to a new report from Redfin. The median asking rent hit $2,029 in June, up from $1,995 in May, the listings platform and brokerage said Wednesday. The median asking rent was $2,019 in June 2022 and $2,053 in August 2022, which was recorded as the all-time high.

Landlords 364

Landlords Brokerage Construction Marketing 364

Mortgagebroker News

JULY 13, 2023

Executive on how brokerages can strike the right balance in their approach to clients

Brokerage 68

Brokerage Clients 68

Housing Wire

JULY 13, 2023

The U.S. rental market has been slowing for more than a year, but the median asking rent is still not far off record highs, according to a new report from Redfin. The median asking rent hit $2,029 in June, up from $1,995 in May, the listings platform and brokerage said Wednesday. The median asking rent was $2,019 in June 2022 and $2,053 in August 2022, which was recorded as the all-time high.

Landlords 262

Landlords Brokerage Construction Marketing 262

Mortgagebroker News

JULY 13, 2023

The central bank's benchmark rate has now risen by 50 basis points since June

Housing Market 68

Housing Market Marketing 68

Housing Wire

JULY 13, 2023

Utah-based multifamily operating system provider Entrata announced on Thursday that it will acquire resident rent reporting and financial resources provider Rent Dynamics. The terms of the deal were not disclosed. Rent Dynamics’ product offering promotes economic inclusion and financial health for residents. Entrata’s acquisition includes 100% of the company’s equity, and the deal will make it possible “to provide residents with increased access to financial tools designed to impact their

Tools 358

Tools Design Insurance 358