Thu.May 12, 2022

Almost 45% of homeowners are now equity rich

Housing Wire

Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position.

Copacabana? No Silly, It’s Cubicasa!

Cleveland Appraisal Blog

Have you been to the Copacabana? Perhaps you’ve been to the Copacabana nightclub in New York City, made popular by Barry Manilow’s song Copacabana in 1978. Of course, the original Copacabana is a vacation destination in Rio De Janeiro, South America.

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Blend: We plan to outperform the decline in origination volume

Housing Wire

Blend Labs reported a $73.5 million loss in the first quarter, but pointed to the performance of its mortgage banking and title sectors as a positive sign for the rest of the year. The company’s revenue rose to $71.5 million, up 124% year over year, driven by $38.7

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Fannie Mae Releases Latest Sale of Non-Performing Loans

Appraisal Buzz

Fannie Mae ’s latest sale of non-performing loans has been declared as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio, including the company’s 19th Community Impact Pool (CIP). CIPs are typically smaller pools of loans that are geographically focused and marketed to encourage participation by non-profit organizations, minority- and women-owned businesses (MWOBs), and smaller investors.

Pros and cons of buying out-of-state rental property in 2022

Housing Wire

Not everyone can afford to invest in rental property in the area they live in. In some regions, housing prices are so high that it may be difficult to add to your real estate portfolio.

Mortgage Connect Adds Jane Kennedy as SVP of Default Division

Appraisal Buzz

After getting her start on the legal side of the industry, Jane Kennedy brings 20-plus years of default management and loss mitigation to her new role with national mortgage services provider. The post Mortgage Connect Adds Jane Kennedy as SVP of Default Division appeared first on DSNews. The post Mortgage Connect Adds Jane Kennedy as SVP of Default Division appeared first on Appraisal Buzz. Around The Web

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Rise in Rates Further Pressuring Potential Home Buyers

Appraisal Buzz

Mortgage rates have risen once again, further widening the gap many prospective buyers are attempting to overcome to attain the American Dream. The post Rise in Rates Further Pressuring Potential Home Buyers appeared first on theMReport.com. The post Rise in Rates Further Pressuring Potential Home Buyers appeared first on Appraisal Buzz. Around The Web

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Purchase mortgage rates increase to 5.30%

Housing Wire

Purchase mortgage rates this week averaged 5.30%, up three basis points from a week ago , causing homeowners’ monthly payments to increase by about one-third year-over-year, according to the latest Freddie Mac PMMS.

Industry Reacts to Senate Confirmation of Julia Gordon as FHA Commissioner

Appraisal Buzz

After a re-nomination by President Biden, Julia Gordon has been confirmed by the Senate to serve as Commissioner of the FHA/Assistant Secretary of HUD. The post Industry Reacts to Senate Confirmation of Julia Gordon as FHA Commissioner appeared first on DSNews. The post Industry Reacts to Senate Confirmation of Julia Gordon as FHA Commissioner appeared first on Appraisal Buzz. Around The Web

MSR sales played a key role in nonbank profits in Q1

Housing Wire

An ebullient m ark et for mortgage-servicing rights (MSRs) helped to buoy the profitability of at least three major nonbank lenders that are publicly traded and abated losses for a fourth, based on their recently announced first-quarter financial results. Those lenders are UWM Holdings Corp.,

MGIC Promotes Two to VP Roles

Appraisal Buzz

Private mortgage insurance provider names Christina Ficks VP, Customer Experience and Erik Leaver VP of Mortgage Modeling Analytics to help meet the evolving digital needs of consumers. The post MGIC Promotes Two to VP Roles appeared first on theMReport.com. The post MGIC Promotes Two to VP Roles appeared first on Appraisal Buzz. Around The Web

Opinion: Is the lending market overcorrecting toward tech? Maybe

Housing Wire

Rates are rising. Refinances are falling. Inventory is contracting. Application fallouts are worsening. It’s getting harder out there.

Nearly Half of U.S. Mortgages Considered Equity-Rich

Appraisal Buzz

ATTOM released its Q1 of 2022 U.S. Home Equity & Underwater Report, showing that 44.9% of mortgaged residential properties throughout the U.S. were considered equity-rich in the first quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50 percent of their homes estimated market values. The … The post Nearly Half of U.S. Mortgages Considered Equity-Rich appeared first on DSNews. The post Nearly Half of U.S.

Building Materials Prices Move Higher, Up 19% Year-over-Year

Eyes on Housing

According to the latest Producer Price Index (PPI) report released today by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted) climbed 0.5% in April, following upwardly revised increases of 1.9% and 2.4%

Underwater Percentages Increase in More Than Half of U.S.

Appraisal Buzz

ATTOM released its Q1 of 2022 U.S. Home Equity & Underwater Report, showing that 44.9% of mortgaged residential properties throughout the U.S. were considered equity-rich in the first quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50 percent of their homes estimated market values. The … The post Underwater Percentages Increase in More Than Half of U.S. appeared first on theMReport.com.

Latest Interest Rates Signal Significant Declines in Affordability

Eyes on Housing

Housing affordability in the first quarter of 2022 looks starkly different depending on the interest rate assumed in the calculation. The average mortgage interest rate for the quarter was 3.86%. But by the end of April, it was 5.11%.

Investing in Appraisal Modernization Can Boost the Bottom Line

Appraisal Buzz

Time and time again, proverbs across time and cultures tell a tale of a protagonist who refused to get with the times by refusing to accept modern ways of doing business or new technologies. But, according to Fannie Mae’s Economic & Strategic Research Group (ESR) appraisal modernization could affect your profits depending on the speed at which it … The post Investing in Appraisal Modernization Can Boost the Bottom Line appeared first on DSNews.

Why Most Americans Say They Don’t Like Neighbors

Empire Appraisal Group

Why Most Americans Say They Don’t Like Neighbors. Source: Why Most Americans Say They Don’t Like Neighbors | Florida Realtors. Lending Tree survey: 75% say they dislike at least one of their neighbors, either due to noise, rudeness, problem pets, messy yards or ‘weird vibes.’. CHARLOTTE, N.C.

Report: Appraisal Modernization Equals Profits

Appraisal Buzz

Time and time again, proverbs across time and cultures tell a tale of a protagonist who refused to get with the times by refusing to accept modern ways of doing business or new technologies. But, according to Fannie Mae’s Economic & Strategic Research Group (ESR) appraisal modernization could affect your profits depending on the speed at which it … The post Report: Appraisal Modernization Equals Profits appeared first on theMReport.com.

Erin Hebert Named Lamacchia Realty Employee of the Month for April 2022

Lamacchia Realty

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.

ATTOM: Nearly 45 Percent of Mortgaged Properties Were Equity-Rich in Q1 2022

Appraisal Buzz

The Q1 2022 U.S. Home Equity & Underwater Report from ATTOM shows that 44.9% of mortgaged residential properties in the United States were considered equity-rich in the first quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50% of their homes estimated market values. The portion of mortgaged homes that were equity-rich in the first quarter of 2022 inched close to half, up from 41.9%.

Mary Wood Joins Forces With Lamacchia Realty

Lamacchia Realty

Thursday, May 12 – We are elated to share that Top Worcester County-based REALTOR® Mary Wood has joined Lamacchia Realty! Mary officially joined Lamacchia last month and is off to an amazing start.

Duty Free

Appraisal Buzz

In the case of Sheen v. Wells Fargo Bank, the California Supreme Court ruled that borrower negligence claims can be limited. Attorney Jonathan D. Fink of Wright, Finlay & Zak, LLP discusses the importance of this decision. The post Duty Free appeared first on DSNews. The post Duty Free appeared first on Appraisal Buzz. Around The Web

Canada's housing market – what's next?

Mortgagebroker News

Activity could be set to slow considerably as rates rise

Keeping Up With Consumer Expectations

Appraisal Buzz

Behavioral analytics are the key to a customer-first home lending strategy that can tip the scales of success in your favor. The post Keeping Up With Consumer Expectations appeared first on theMReport.com. The post Keeping Up With Consumer Expectations appeared first on Appraisal Buzz. Around The Web

DLC reveals record first-quarter results

Mortgagebroker News

The company saw big growth in its funded volume

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Cambrian Park Condo & Townhouse Real Estate Market Update

San Jose Real Estate

How’s Cambrian Park condo & townhouse market? Normally we answer this question in brief with regular monthly updates over on the Cambrian Park Real Estate Market Update. However with fantastic neighborhoods like Montanas de Los Gatos, Cambrian condos are not to be missed!

OSFI mulls further stress test changes

Mortgagebroker News

The regulator "reserves the option" to revise the test again, according to representative

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7 Best Real Estate Companies Near Me for Finding an Investment Property

Mashvisor

With the ongoing boom in the housing industry across the US, you are probably wondering—how can I find the best real estate companies near me?

Avison Young: GTA industrial segment enjoying consistent strength

Mortgagebroker News

The market is benefiting from strong momentum carried over from last year

Why Airbnb Atlanta Is a Risky Investment in 2022

Mashvisor

The world of real estate is a-changing. In that sense, it’s important to discuss why investing in Airbnb Atlanta in 2022 might prove to be risky. Table of Contents Atlanta… Airbnb Rentals Investor Blogs Airbnb Airbnb Regulations Atlanta GA Georgia Location Market Analysis

Analysis: Reverse mortgage borrowing trends persist

Mortgagebroker News

The sector's activity level is now a far cry from its pandemic-era sluggishness, analysts say

With High Inflation, Should You Consider Passive Real Estate Investing Over Stocks and Bonds?

BiggerPockets

A few decades ago, Treasury bonds paid over 15% interest. Today, you’re lucky if you can get 2-3%. Yet bonds remain a core tenet of retirement planning orthodoxy. Try telling an investment […]. Markets* bonds passive real estate investing

Tech platforms: The great pandemic market shift

Mortgagebroker News

"[The pandemic] kind of pushed more people online and helped people adapt to this new model