Housing Wire

OCTOBER 21, 2022

In times as tough as these, mortgage lenders must be proactive in borrower outreach and find consumers’ home finance needs if they’re going to close a deal, a new report by mortgage relationship data company Sales Boomerang concludes. Based on decreases in borrowers’ mortgage inquiries, early payoff (EPO) of mortgages and new home listings in the third quarter, Sales Boomerang ‘s latest mortgage opportunities report outlined potential dealmaking strategies for lenders in

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Mortgage Sellers Finance Technology 359

Appraisal Buzz

OCTOBER 21, 2022

With the market shifting, here is why financial institutions should consider partnering with a mortgage servicer now. The post The Time Is Right appeared first on Appraisal Buzz.

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Appraisal Mortgage Marketing 150

Housing Wire

OCTOBER 21, 2022

As mortgage rates continue to rise, originations are not the only side of the industry affected. So how is the servicing sector reacting? “The most basic thing that we’re seeing right now is mortgage rates increase and payoffs decrease because of fewer opportunities to refinance a loan,” said Eric Friedman, managing director of Servicing at Acra Lending.

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Mortgage Investors Lending Property Taxes 336

Appraisal Buzz

OCTOBER 21, 2022

Black Knight’s latest data also breaks down shifts in delinquency rates, foreclosure starts, and more. Click here to read what BK reports. The post Prepayment Activity Falls to 20-Year Lows appeared first on Appraisal Buzz.

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Housing Wire

OCTOBER 21, 2022

Ginnie Mae on Friday announced that it has extended the mandatory implementation date of its controversial risk-based capital requirement (RBC) for nonbanks to Dec. 31, 2024. The rule — which reduced the minimum risk-based capital ratio from 10% to 6%, but put a 250% risk weight on the MSR asset and the dollar-for-dollar deduction from capital for excess MSRs — was set to go into effect at the end of 2023.

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Housing Market Mortgage Government Marketing 336

Appraisal Buzz

OCTOBER 21, 2022

Shannon Faries of Land Gorilla explains how construction loans can help offset market swings for lenders feeling the pinch. The post Curing the Low-Volume Blues appeared first on Appraisal Buzz.

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Appraisal Buzz

OCTOBER 21, 2022

“The housing sector continues to undergo an adjustment due to the continuous rise in interest rates, which eclipsed 6% for 30-year fixed mortgages in September and are now approaching 7%,” said Lawrence Yun, the NAR’s Chief Economist. “Expensive regions of the country are especially feeling the pinch and seeing larger declines in sales.” The post Existing-Home Sales Decrease for Eighth Month appeared first on Appraisal Buzz.

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GoForrmz

OCTOBER 21, 2022

Simplify talent acquisition demands with GoFormz digital forms Talent acquisition teams have arguably one of the most challenging professions – acquiring and maintaining quality talent to boost corporations. Taking as little as a week or sometimes months, arming recruiting teams with the right tools can be the difference between finding the perfect candidate and not.

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Tools Retail Business 120

Housing Wire

OCTOBER 21, 2022

The parent company of mortgage servicing rights clearinghouse Marlin Mortgage has struck a deal to acquire 100% of the outstanding equity of direct-to-consumer mortgage lender LoanFront. Terms of the deal were not disclosed and it requires regulatory approval. In acquiring New Jersey-based LoanFront, private equity-backed Marlin would be absorbing a lender that retains its MSRs and focuses on FHA originations.

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Mortgage Government Business Housing Market 66

The Robert Weiler Company

OCTOBER 21, 2022

Feeling a bit overwhelmed by the thought of a commercial real estate appraisal? The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. After all, it is a detailed activity that can look different depending on the scope and nature of your property. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked.

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Real Estate Appraisal Property Appraisal Valuation 60

Valcre

OCTOBER 21, 2022

Companies within the appraisal service industry are adopting new technology and ways of doing business. It is well known that there are different competitive advantages when it comes to leveraging industry technology. Oftentimes, adopting the new technology cuts down on the time it takes to process data, and provides critical pieces of information to the client.

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Real Estate Appraisal Technology Clients 65

Mashvisor

OCTOBER 21, 2022

The US rental market continues to suffer from the ill effects of inflation. At present, what do authorities say about rent growth in the US?

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Marketing Investors Investing Real Estate 74

Valcre

OCTOBER 21, 2022

Companies within the appraisal service industry are adopting new technology and ways of doing business. It is well known that there are different competitive advantages when it comes to leveraging industry technology. Oftentimes, adopting the new technology cuts down on the time it takes to process data, and provides critical pieces of information to the client.

Real Estate 52

Real Estate Appraisal Technology Clients 52

BiggerPockets

OCTOBER 21, 2022

A new report by Fannie Mae points to a strong possibility of a recession and a housing market downturn in 2023. With major economic factors continuing to point toward a recession in […].

Housing Market 59

Housing Market Marketing Real Estate 59

Mortgagebroker News

OCTOBER 21, 2022

CMP spoke with the industry veteran on the latest developments at the MIC

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Development 66

BiggerPockets

OCTOBER 21, 2022

A cash offer almost always gets a seller’s attention. Whether someone comes in low or high, the prospect of a smooth closing without any loan contingencies is often more than […].

Appraisal Tips 57

Appraisal Tips Tenants Buyers Appraisal 57

Mortgagebroker News

OCTOBER 21, 2022

The lack of affordability continues to hinder many Canadians' dreams of homeownership

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Marketing 60

Appraisal Buzz

OCTOBER 21, 2022

Former Senior Advisor at the Centers for Medicare & Medicaid Services sworn in by HUD Secretary Marcia L. Fudge as the Department’s new Assistant Secretary of Public Affairs. The post HUD Names Beth Lynk Assistant Secretary of Public Affairs appeared first on Appraisal Buzz.

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Appraisal 39

Mortgagebroker News

OCTOBER 21, 2022

Schedule B and private lenders "picking up the business" of borrowers who can't qualify on A side

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Mortgage Business 56

Eppraisal

OCTOBER 21, 2022

Remember when shiny brass or metal finishes were the trend? If you still have shiny brass fixtures in your home, it's time for a change. If you're thinking of selling or updating your home, this is an easy place to start as updating and maintenance increase home value. Deciding on the Metal Finishes for Your Home Home designers are now recommending that homeowners mix the metals in their homes.

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Home Value Design 36

Mortgagebroker News

OCTOBER 21, 2022

If passed, proposed legislative changes would double the maximum penalties

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Housing Wire

OCTOBER 21, 2022

Local markets is a HousingWire magazine feature spotlighting housing trends across the country. Phoenix, Arizona. Phoenix has arguably been one of the hottest housing markets in the country over the past two years, but as mortgage rates have climbed, demand has cooled and inventory has risen dramatically. At some points during the summer, the active listing count for the Phoenix-Mesa-Scottsdale metro area topped 10,000, according to data from St.

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Marketing Inventory Housing Market Agents 349

Mortgagebroker News

OCTOBER 21, 2022

Inflationary pressures give the central bank greater impetus to maintain its trajectory, economist says

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Housing Wire

OCTOBER 21, 2022

On Thursday the National Association of Realtors reported that we had a 23.8% year-over-year decline in existing home sales in September and total inventory has now fallen on back-to-back reports. Earlier in the year, I labeled this a savagely unhealthy housing market based on the premise that Inventory would break to all-time lows, creating forced bidding and causing days on the market to collapse.

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Housing Market Inventory New Listings Mortgage 292

Mortgagebroker News

OCTOBER 21, 2022

The banking regulator says it will continue to assess lenders' capacity to manage borrower challenges

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Lending Mortgage 36

Housing Wire

OCTOBER 21, 2022

Drop in refis, soaring interest rates and rise in homeowner costs to utilize equity drove prepayment to the lowest level since November 2000. Prepayment activity dropped 14.9% to a single-month mortality (SMM) rate of 0.57% in September – below the recent record of 0.59% set in January 2019, according to a report by Black Knight. “Refinance activity has historically driven the lion’s share of prepayment activity, but spiking interest rates in recent months have driven the population of rate/term

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Market Value Housing Market Mortgage Marketing 266

Appraisal Today

OCTOBER 21, 2022

Appraisers and Local Market Analysis. By Woody Fincham, SRA, AI-RRS, ASA. Excerpts: Social media and the mainstream media make a mess of these markets even in the best of times. They do not have the bandwidth to cover local markets. When you are in a metropolitan statistical area like Charlottesville and Waynesboro/Staunton you get some reporting from the local news.

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Appraisal Marketing Contracts Insurance 52

Eyes on Housing

OCTOBER 21, 2022

Median square foot prices (excluding record-high improved lot values) for new for-sale single-family detached (SFD) homes started in 2021 increased 19%, according to NAHB’s analysis of the latest Survey of Construction data. Increases for square foot prices in new custom SFD homes were more moderate, averaging 5%. Median sale and contract prices per square foot of floor area went up.

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Contracts Construction 159

Housing Wire

OCTOBER 21, 2022

Earlier this year, congressional Democrats considered making major investments to promote housing affordability as part of their Build Back Better bill. But the way this legislation was considered — through the inherently partisan “reconciliation” process — ensured it would garner no Republican support. Ultimately, the housing provisions ended up on the legislative cutting-room floor.

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