Fri.Sep 30, 2022

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With mortgage rate volatility, buyers can save by shopping around

Housing Wire

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The survey also indicates a large dispersion in rates, meaning that homebuyers can save hundreds of dollars by shopping around with different lenders. A year ago at this time, rates averaged 3.01%.

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Priscilla Almodovar to Serve as Fannie Mae CEO

Appraisal Buzz

A financial services veteran, Almodovar brings more than 30 years of finance, real estate, and community development expertise and a strong commitment to affordable housing. The post Priscilla Almodovar to Serve as Fannie Mae CEO appeared first on DSNews. The post Priscilla Almodovar to Serve as Fannie Mae CEO appeared first on Appraisal Buzz.

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Top tips for mortgage professionals using TikTok

Housing Wire

Social media app TikTok is expected to reach 1.8 billion users by the end of 2022 – will you be one of them? Many mortgage professionals are turning to the platform as a way to connect with prospective borrowers and educate them on mortgage, as well as market themselves. We spoke to UMortgage Branch Manager Arielle Best, known as the VA Loan Lady on TikTok, about the platform and how best to utilize it as a mortgage loan originator.

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CFPB Accused of Exceeding Statutory Authority

Appraisal Buzz

A group of seven banks and trade groups are taking legal action in the Eastern District of Texas, challenging the Bureau’s update to the Unfair, Deceptive, or Abusive Acts or Practices Section of its exam manual, and for potentially violating the Administrative Procedure Act. The post CFPB Accused of Exceeding Statutory Authority appeared first on DSNews.

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Angel Oak Mortgage shakes up leadership

Housing Wire

Non-QM real estate investment trust Angel Oak Mortgage Inc. on Wednesday announced the departure of CEO Robert Williams. The company appointed Sreeni Prabhu, a managing partner at affiliate Angel Oak Capital Advisors , as the new president and CEO. The leadership shakeup comes after two consecutive quarters of financial losses. Angel Oak Mortgage Inc., which went public last year, disclosed a net loss of $52.1 million in the second quarter and $43.5 million in the first quarter.

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Florida Disaster Relief

Lamacchia Realty

Please consider donating directly to the American Red Cross Florida Disaster Relief to help those impacted by the severe damage inflicted by Hurricane Ian. Click here to Donate Now. The post Florida Disaster Relief appeared first on Lamacchia Realty.

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Anthony Castellano Qualifies for 2022 President’s Club ELITE

Lamacchia Realty

Anthony Castellano has officially qualified for the 2022 President’s Club ELITE! This is his first time achieving this accomplishment and we could not be more excited to see him earn this prestigious distinction. Anthony recently joined the 2022 President’s Club and has been a member for the last three years. He is extremely hardworking and gives his clients 110%!

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Don’t miss FHFA Director Sandra Thompson at HW Annual

Housing Wire

Taking the main stage on Oct. 5 at HW Annual, Federal Housing Finance Agency Director Sandra Thompson will sit down for a fireside chat with HousingWire’s Sarah Wheeler. The highly anticipated conversation will share updates on the agency’s latest initiatives, some of the latest collaboration and oversight moves from the agency and more. “A lot has happened and shifted in the housing market over the last few years, especially considering the impact of the COVID-19 pandemic, the rise and dr

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

Killed by Carbon Monoxide: Appraiser Blamed. Read this article on how to check CO detectors. You may save someone’s life!! by Kendra Budd, Associate Editor, WorkingRE. Excerpts: For decades, appraisers have been gently reminded to pay careful attention to smoke alarms and carbon monoxide (CO) detectors—especially noting when they are absent altogether.

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Miami Housing Market Predictions 2023: What Investors Should Expect

Mashvisor

Miami real estate is hot and if you want to invest there, it’s essential you know what the Miami housing market predictions are for 2023.

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Why The Fed Is Rooting for a Housing Market Correction

BiggerPockets

The Federal Reserve has spent the past year or so fighting inflation as hard as they can. They’ve raised the federal funds rates, resulting in a stunted housing market, higher […].

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The people-first path to success

Mortgagebroker News

Shubha Dasgupta has never lost sight of the importance of service throughout his distinguished career to date

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Appraisal Reports Are Like Flipbooks

Cleveland Appraisal Blog

A flipbook is a book with a series of pictures that change slightly with the turn of each page. When flipping thru one of these books, the viewer’s mind fills in the gaps between pictures so that an animated story and picture develops. According to Wikipedia , the oldest documented flip book appeared on March 18th, 1868. At that time, it was patented by John Barnes Linnett.

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Foreign buyers' ban proposals: private lending association reacts

Mortgagebroker News

The government intends to prevent home purchases by foreign buyers starting from January

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How Big Data Can Support Your Harvest Season

GoForrmz

Big data and tech advances can pave the way for a smooth harvest Agriculture is one of the longest-standing industries; responsible for most of the world’s food in the face of climate change, population growth, and decreasing land suitable for crops, it’s not an easy task. While often thought of as intuitive or generational knowledge passed down through generations, ag science has grown into a vast field of study implementing the latest developments in science and technology.

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Bank of Canada to ensure greater transparency with each policy rate announcement

Mortgagebroker News

The move comes in the wake of the International Monetary Fund's review of the central bank

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Almost Even Split Between Natural Gas and Electric Heating Systems in New Homes

Eyes on Housing

The Census Bureau’s Survey of Construction (SOC) provides valuable information on the characteristics of new homes started construction, such as air conditioning and heating system installations. Air Conditioning In 2021, 97 percent of new single-family homes started had a central AC system, higher than 95.4 percent in 2020. The trend, going back to 2000, shows a steady rise in the share of.

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Lenders and brokers forge the way forward together

Mortgagebroker News

"I actually think more lenders should hold brokers accountable on how they submit their applications"

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Mortgage debt reaches another new high - BoC data

Mortgagebroker News

However, the central bank's rate increases are having a significant impact on borrowing dynamics

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Brokerage partners on the value of good advice

Mortgagebroker News

Comprehensive guidance helped borrowers absorb the shock of interest rate rises, says duo

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nesto appoints new high-level official

Mortgagebroker News

The lender is looking to boost its capital market initiatives