Thu.Aug 25, 2022

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Movement Mortgage acquires brokerage Superior Rate

Housing Wire

South Carolina-based Movement Mortgage has acquired the brokerage Superior Rate Mortgage of New England to expand operations in the region, the company announced Wednesday. The terms of the deal were not disclosed. The acquisition is another step to boost its sales amid shrinking loan origination volumes. The company announced new hires in the sales executive team in early August.

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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

You’ve just purchased your first property to renovate. How can you capitalize on your first investment property? I welcome back guest blogger and Author, Jessica Brody, who shares some tips with us on how to do so. Enjoy! Whether your first investment property will be a rental or a flip, your goal is to walk away with more money than you put into it.

Investing 332
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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

Homepoint is in a tough spot. Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business.

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The Week Ahead: Servicers Leveraging Digital Solutions

Appraisal Buzz

An upcoming Five Star Institute webinar will discuss the industry’s usage of a national digital signing platform, as the nation’s mortgage servicers continue to push the digital envelope. The post The Week Ahead: Servicers Leveraging Digital Solutions appeared first on DSNews. The post The Week Ahead: Servicers Leveraging Digital Solutions appeared first on Appraisal Buzz.

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3 Can’t-miss HW Annual panels for new mortgage loan officers

Housing Wire

Did you just begin your career as a mortgage loan officer and need the answers to questions you didn’t even know you had? HW Annual is the place for you. Happening Oct. 3-5, HW Annual is the epicenter of all things housing, and it is taking place in Scottsdale, AZ. These three panels have the can’t-miss information that new LOs can use to kick-start their careers.

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Affordability Conditions Improve in Majority of U.S. States

Appraisal Buzz

Homebuyer affordability improved for the second straight month in July, with the national median payment applied for by applicants decreasing to $1,844 from $1,893 in June. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time –relative to income– using data … The post Affordability Conditions Improve in Majority of U.S.

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Ginnie Mae MBS Portfolio Reaches $2.25 Trillion in July

Appraisal Buzz

Ginnie Mae’s outstanding mortgage-backed securities portfolio grew for the 13th consecutive month in July, hitting $2.252 trillion, up from $2.229 trillion in June and $2.117 trillion one year ago. Growth in the portfolio was fueled by steady new issuance of Ginnie Mae MBS as homeowners found value in the government-backed mortgage market. New MBS issuance … The post Ginnie Mae MBS Portfolio Reaches $2.25 Trillion in July appeared first on DSNews.

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Purchase mortgage rates jump to 5.55%

Housing Wire

Volatile mortgage rates jumped back to the mid-5% level this week, slowing down the housing market, according to the latest survey from Freddie Mac. The 30-year fixed-rate mortgage increased 42 basis points this week to an average of 5.55%, up from last week’s 5.13%. A year ago this time, rates averaged 2.87%. The index compiles purchase mortgage rates reported by lenders during the past three days. .

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Americans Increasingly Looking at Homes in Mexico; Canada

Appraisal Buzz

Fortune favors the bold, and in July 2022 search patterns saw a major shift in what destinations homeseekers were considering, but despite that, the top five destinations remained the same: Mexico, Canada, Costa Rica, Puerto Rico, and Belize. Point2, the news and research division of Yardi Systems Inc., revealed in a new report authored by … The post Americans Increasingly Looking at Homes in Mexico; Canada appeared first on DSNews.

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Qualia launches an API to track title orders

Housing Wire

Closing software provider Qualia has launched Qualia Application Programing Interface (API), according to an announcement on Wednesday. Qualia says its API provides real estate businesses and PropTech companies the ability to automatically connect internal software tools, integrate with their commercial partners, and analyze their comprehensive performance data.

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HUD Awards $65 Million-Plus to Support Equitable Housing

Appraisal Buzz

Through two separate investments, HUD will assist at-risk public housing agencies through a $25 million award, and has issued $40 million-plus to support housing counseling services. The post HUD Awards $65 Million-Plus to Support Equitable Housing appeared first on DSNews. The post HUD Awards $65 Million-Plus to Support Equitable Housing appeared first on Appraisal Buzz.

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HW Annual to tackle the biggest changes in appraisal

Housing Wire

With recent developments from Fannie Mae and Freddie Mac to pursue a more digital appraisal process that could both speed up the process and remove any unconscious bias from it, it is important for industry professionals across the space to stay at the top of their game. That is why HW Annual Oct. 3-5 is proud to present an appraisal-centered session this year.

Appraisal 393
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Appraiser Miller Wins

Appraiserblogs

Appraiser Miller wins important claim in racial discrimination lawsuit. Judge ruled Plaintiffs did not rely on Miller’s appraisal. The other claims continue but this was an important claim. It also shows the Plaintiffs lied to the Court. ORDER GRANTING MILLER DEFENDANTS’ MOTION TO DISMISS FIRST AMENDED COMPLAINT; DISMISSING PLAINTIFFS’ SEVENTH CLAIM FOR RELIEF AS ASSERTED AGAINST MILLER DEFENDANTS; VACATING HEARING.

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First American launches digital platform for title agents

Housing Wire

Title insurance underwriter First American has launched a new digital platform for title agents, according to an announcement on Thursday. The company says that the new platform, known as PRISM , combines automation and marketing tools, allowing First American policy-issuing title agents to offer products and services directly to their customers via any computer or mobile device at any time. “Our PRISM platform is another example of First American’s leadership of the digital transformation

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5 Best Digital Forms for Campus Maintenance

GoForrmz

The best digital forms that will get the job done Campus maintenance takes 24/7 effort and attention. No college or university can operate effectively if the grounds are not providing the right environment. The comfort, cleanliness, and safety of a campus can all contribute to the success of its students and faculty. “ The facilities are maintained not for their own sake, but to provide, within available resources, the best possible environment in which the university community can function

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3 misconceptions about using AVMs in home equity lending

Housing Wire

With 2022 more than halfway behind us, economic indicators continue to forecast minimal refinance volume while purchase volume faces its own headwinds. Between lack of inventory, record high prices, rising interest rates and significant affordability issues, challenges for the purchase and refi markets are leading to a time of opportunity for home equity lending.

Lending 393
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Appraisal Institute's 2022 Annual Conference Las Vegas, Nevada Recap

Valcre

Valcre has been a proud supporter of the Appraisal Institute Annual Conference since our inception in 2017, but this year’s conference was extra special for a number of reasons.

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HW+ Member Spotlight: Neena Vlamis

Housing Wire

This week’s HW+ member spotlight features Neena Vlamis, CEO, President and founder of A and N Mortgage , which is headquartered in Chicago. HousingWire: What is your current favorite HW+ article and why? Neena Vlamis: HousingWire, I love the staff! Until I was recently asked to be on a webinar , I did not have my eyes wide open. Now I am a member and am looking forward to reading and will find a favorite article soon!

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3 Scenarios Where You Can Use Seller Credits to Help Close on Your Home

Lamacchia Realty

USING SELLER CREDITS TO CLOSE ON YOUR HOME. If you’re unfamiliar with seller credits, seller credits are when the seller offers the buyer money at closing to sweeten the deal. Buyers love seller credits because they go towards their closing costs, resulting in less money the buyer has to spend. In addition to closing costs, these credits can also help cover the cost of needed repairs to the home.

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The Ultimate Ranking of the Best 55+ Communities in Houston

Houston Properties

Looking for the best 55 communities in Houston Texas? Our experts have done the research for you. See our expert guide on the best places to retire in.

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How to Find Vacation Rental Properties for Sale

Mashvisor

Have you been thinking about investing in vacation rental properties for sale? Read on to know whether they’re profitable and how to find them.

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The Ultimate Teen Money Hack for Parents

BiggerPockets

You’ve heard of money hacks before, but probably not like this. For the teenagers and parents of teenagers listening, this episode will give you everything you need to make yourself, […].

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How do alternative lenders go above and beyond the job?

Mortgagebroker News

"At the end of the day, if we can’t do a deal, we want to make sure that we still assist them"

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Maximize Your Tax Savings With These 3 Alternatives To Selling Your Investment Property

BiggerPockets

Every investor asks at some point: “should I sell my investment property?” Whether preparing for retirement or considering cashing in on a hot seller’s market before it turns cold, you […].

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More trouble incoming for the Canadian housing market, says BMO's Porter

Mortgagebroker News

The market has essentially entered bear territory, the chief economist says

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Creative Financing: 2022’s Antidote to High Interest Rates

BiggerPockets

Subject to is a strategy that most real estate investors aren’t aware of. It’s often done to buy deals with no money down, surprisingly low interest rates, and without closing […].

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TD: Full impact of rate hikes will be delayed for a few months

Mortgagebroker News

The Bank of Canada's changes might inflict significant damage on the financial system…

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Real Estate Real Fast EP3 (with Clayton Bailey, Owner of Green Scene Home Inspections)

Listing Spark

powered by Sounder. Episode overview. Home inspections are a critical part of real estate. They impact both buyers and sellers and are key in negotiations and identifying any problem areas in homes. Even if you’re buying new construction, you should be using a home inspector. For most buyers and sellers though, they don’t know what they should be looking for in a home inspection.

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RBC's McKay highlights the uncertainty plaguing the Canadian fiscal system

Mortgagebroker News

Central banks are likely to maintain their aggressive strategies, RBC head says

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Rent Price Increased for Fifth Consecutive Quarter

Eyes on Housing

Data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau, suggest continued improvement for the multifamily sector in the first quarter of 2022 due to strong demand and low vacancy rates. However, the decline in the number of apartment and condominium completions in the first quarter of 2022 reflects the ongoing supply chain challenges.

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TD reports Q3 financial results

Mortgagebroker News

Find out how the banking giant fared in 2022’s third quarter

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The Studemont Houston Condos For Sale Guide

Houston Properties

The Studemont condos for sale & real estate guide

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CIBC tops analyst projections, but profit drops

Mortgagebroker News

The bank has released its financial results for Q3

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Rising mortgage rates means lower expectations for sellers

Empire Appraisal Group

Rising mortgage rates means lower expectations for sellers. By LESLIE SARGENT ESKILDSEN | leslie@leslieeskildsen.com | Orange County Register. Source: Rising mortgage rates means lower expectations for sellers – Orange County Register (ocregister.com). Navigating a shift in any market is difficult. No one wants to leave any money on the table by dropping their price too much.

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