Tue.Sep 13, 2022

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Are we seeing a mortgage rate lockdown?

Housing Wire

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. This is something I’ve never believed in because we hadn’t had a period where mortgage rates moved up so quickly and then held higher for an extended period.

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Distressed Homeowners Find Relief in Fintech Services

Appraisal Buzz

Brace has observed in its latest Mortgage Servicing Pulse that changes in Servicing regulations following the Great Recession, coupled with accelerated digital adoption during the Covid pandemic, have engendered a fairer, more transparent and stable mortgage ecosystem. However, the end of foreclosure moratoriums, forbearances and the dual threat of rising inflation and recession risk has … The post Distressed Homeowners Find Relief in Fintech Services appeared first on DSNews.

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Construction tech startup Modulous raises $11.5 million

Housing Wire

Seattle and London-based construction technology company Modulous has raised $11.5 million in its Series A funding around, according to an announcement on Monday. The firm said the funding will help further the growth of its physical and digital technologies. Main contributors to this round of funding included SFV , the venture arm of German real estate developer Patrizia ; Regal London , a U.K-based real estate developer, CEMEX Ventures , the venture arm of construction giant CEMEX ; Blackhorn

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Home price Appreciation Cooled in August

Appraisal Buzz

According to the latest Home Data Index Market Report from Clear Capital, home price appreciation cooled markedly in August as it’s proprietary Clear Capital Home Data Index for the second quarter of 2022 rose 7.4% over the previous quarter; on a yearly basis, this number is up 16.7%. This compares to a 11 % and … The post Home price Appreciation Cooled in August appeared first on DSNews.

Appraisal 195
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HousingWire September Demo Day: BeSmartee

Housing Wire

Mortgage POS. BeSmartee’s Mortgage Point-of-Sale (POS) platform is a configurable, white labeled solution that streamlines the origination process, including application, credit, PPE, AUS disclosures and appraisal collection and fulfillment. Product Fast Facts. #1. Go from application to appraisal in 15 minutes. #2. Get to a 91% conversion rate. #3.

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How to Market Your Appraisal Services for Divorce and Estate Work

Appraisal Buzz

Looking to diversify your appraisal business? Taking on non-lender assignments like divorce and estate appraisals may be a great way to bring in different types of clients. Perhaps you already understand the details and intricacies of divorce and estate appraisals , and you’re ready to do the work. But how do you get these types of assignments? Here are some marketing tips to help you make your appraisal services more appealing to divorce and estate.

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More Trending

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Take the Plunge!

The Appraiser Coach

A little over a year ago, I went on a vacation with my family to Glacier National Park. While we were there, we took everyone on a hike to St. Read More.

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HousingWire September Demo Day: Docutech

Housing Wire

Solex ® Orders. Solex Orders is part of the Docutech eClose suite and enables any lender, using any document generation engine, to easily introduce hybrid eClosings as part of their mortgage origination workflow. Simple and fast setup and implementation mean your business can see the benefits of hybrid eClose fast. Product Fast Facts. #1. Solex Orders allows you to generate your documents as you do today – it’s doc agnostic. #2.

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Take the Plunge!

Appraisal Buzz

A little over a year ago, I went on a vacation with my family to Glacier National Park. While we were there, we took everyone on a hike to St. … Read More. The post Take the Plunge! appeared first on Appraisal Buzz.

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loanDepot names Joseph Grassi as chief risk officer

Housing Wire

California-based mortgage lender loanDepot has named Joseph Grassi, an industry veteran who spent two decades at Fannie Mae , as its chief risk officer, the company announced Monday. The executive will enhance the mortgage lender’s risk management program, aligning loanDepot’s initiatives with those of Fannie Mae, Freddie Mac and the Federal Housing Finance Agency (FHFA), according to the company. .

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Ginnie Mae MBS Portfolio Expands to $2.3T

Appraisal Buzz

Ginnie Mae’s mortgage-backed securities outstanding portfolio grew for the 14th consecutive month in August, hitting $2.269 trillion, up from $2.248 trillion in July, and $2.119 trillion last year. This growth was fueled by steady new issuance of Ginnie Mae MBS as homeowners found value in the government-backed mortgage market. New MBS issuance for August was … The post Ginnie Mae MBS Portfolio Expands to $2.3T appeared first on DSNews.

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HousingWire September Demo Day: InSellerate

Housing Wire

Insellerate’s AgentConnect. AgentConnect takes Co-Branded marketing to a new level by automatically delivering dynamic open house flyers, property websites, and landing pages instantly through MLS data in real-time, which is auto-generated and compliantly displayed, including loan officer’s specific loan and pricing options. It has never been easier to add value to your partners while driving new purchase business with Insellerate’s AgentConnect.

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Mortgage Fraud Risk Falls YoY in Q2

Appraisal Buzz

One in 131 mortgage applications contained instances of fraud in the second quarter of 2022 according to CoreLogic, despite a rise in the instances of income fraud and property fraud. The post Mortgage Fraud Risk Falls YoY in Q2 appeared first on DSNews. The post Mortgage Fraud Risk Falls YoY in Q2 appeared first on Appraisal Buzz.

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KBRA affiliate acquires digital news service DLD

Housing Wire

KBRA Analytics , an affiliate of Kroll Bond Rating Agency (KBRA), has acquired digital-information service Direct Lending Deals , which offers investors and loan originators coverage of deal data, news and analysis in the direct-lending sector. The acquisition will allow KBRA Analytics to offer its customers insights into the fast-growing $1 trillion direct-lending sector.

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Inflation Remains Near 40-Year High

Eyes on Housing

Consumer prices eased in August for the second-straight month as declines in energy prices offset increases in food and shelter indexes. Despite this slight improvement, inflation remains above an 8% year-over-year rate for the sixth straight month. The food index recorded its largest annual gain since May 1979 as all six major grocery store food group indexes increased.

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Lending standards tighten as appetite for riskier loans drops

Housing Wire

Lending standards tightened in August amid a worsening economic outlook and signs of cooling in home-price growth. The mortgage credit availability index (MCAI) fell marginally by 0.5% to 108.3 in August from the previous month, according to the Mortgage Bankers Association (MBA). A decline in MCAI, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase in the index suggests a loosening of credit.

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4 Steps to Upsizing Your Home to Accommodate Your Home-Based Business

DW Slater Company

Image via Pexels. Enjoy this guest post from Megan Cooper with Real Life Home. For many entrepreneurs, running a business is the key to self-fulfillment and financial freedom. Starting your own venture can also imply freedom in where you choose to work. If you decide to build a home-based business, you can have full control over your work environment, determine your own schedule, and retain flexibility in caring for your family or other obligations.

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Inflation comes in hotter than expected, mortgage rates soar

Housing Wire

Consumer prices in August rose slightly from July, all but ensuring the Federal Reserve will hike interest rates aggressively at its upcoming September meeting to tamp down inflation. Despite decreases in the indexes for airline fares, communication, and used cars and trucks, the Consumer Price Index (CPI) rose 0.1% from the month in August, after remaining unchanged in July , according to data released Tuesday by the Bureau of Labor Statistics.

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What Is Real Estate Investing and How Does It Work?

Mashvisor

To understand why many people get into real estate investing, you must first answer, “what is real estate investing, and how does it work?

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Point Mortgage Corp. exits wholesale channel (for now)

Housing Wire

California-based Point Mortgage Corporation has decided to shut down its wholesale business GoPointDirect and lay off employees to focus on retail lending, a top executive confirmed to HousingWire. . “We have temporarily taken it down,” Johnny Margarini, president and CEO, said during an interview. “When business picks back up, we’ll revisit wholesale, but for now, to be proactive to the way the market is, it’s best that we stop our wholesale operation.” T

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Things to Keep in Mind When Pricing Your Home

Lamacchia Realty

THINGS TO KEEP IN MIND WHEN PRICING YOUR HOME. Pricing a home correctly is typically the most challenging part of listing a home. ?To successfully sell a home , an accurate price must be in place to compliment a solid marketing strategy. Study after study points to the fact that a home’s value decreases the longer it’s on the market. ?That is why pricing your home accurately from the beginning will typically generate increased activity from buyers and higher offers.

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Fitch Group adding capital-markets fintech dv01 to its fold

Housing Wire

Fitch Group , the parent of bond-rating firm Fitch Ratings , is acquiring a majority ownership stake in capital-markets fintech company dv01 — which provides data and analytics services to the structured-finance market. Terms of the deal were not disclosed. It is expected to close by the end of the third quarter, according to Fitch Group, which also is the parent of data, research and analytics provider Fitch Solutions.

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How to “Start from Zero” in Today’s Multifamily Market

BiggerPockets

The multifamily real estate market seemed almost impenetrable over the past two years. Unless you had millions in dry powder, ready to overpay for a huge apartment complex, there was […].

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HousingWire September Demo Day: ICE Mortgage Technology

Housing Wire

Encompass® eClose. ICE Mortgage Technology has created the industry’s only true end-to-end eClosing solution within the industry’s leading LOS. Encompass eClose is connected to the ICE Mortgage Technology network, leveraging the industry’s largest ecosystem of lenders, settlement agents, counties, investors and services through integrations with Simplifile, MERS®, and point of sale platforms.

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Stop Relying On Airbnb and VRBO and Build A Business You Control

BiggerPockets

I could have lost $25,000. That was the thought I had after getting off the phone with a big online travel agency (OTA) that I was using for my property. […].

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HousingWire September Demo Day: Inrule Technology

Housing Wire

InRule Intelligence Automation Platform. InRule helps savvy lenders to automate mission-critical decisions and processes, and machine learning predictions. Our easy-to-use software makes your entire lending pipeline smarter – without code. Discover why four of the top six lenders in the U.S. trust InRule to power their loan business. Product Fast Facts. #1.

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This House Hacking Strategy Can Guarantee Your Rental Income Each Month

BiggerPockets

Many of you know that house hacking is a great way to build your real estate portfolio, especially when you’re just starting. By living in the property you’re renting out, […].

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HousingWire September Demo Day: Docu.ai / AREAL.ai

Housing Wire

Areal. Areal.ai is a no-code automation platform for the lending ecosystem that makes it easy to reliably extract data from complex documents and integrate data with existing tools and workflows. Goal is to provide end to end document automation and integration in order to save our clients resources, time and money as they work through the filing process.

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Bank of Canada "not done" on rate hikes: CIBC's Tal

Mortgagebroker News

The central bank showed little sign that it’s ready to hit pause on rate jumps, says economist

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All Regions Report Home Price Appreciation, But Is It Sustainable?

Clear Capital

Story by MReport. According to the latest Home Data Index Market Report from Clear Capital, home price appreciation cooled markedly in August as it’s proprietary Clear Capital Home Data Index for the second quarter of 2022 rose 7.4% over the previous quarter; on a yearly basis, this number is up 16.7%. This compares to a 11 % and 20%, respectively, in July.

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A rough road lies ahead for the Canadian economy, says former BoC official

Mortgagebroker News

The policy tension is between controlling inflation and maintaining stable growth

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Home Staging: From Summer to Fall

Eppraisal

After Labor Day we get excited about the sights and scents of fall. People go apple picking, to pumpkin farms and corn mazes. Others seek out their favorite pumpkin spice lattes, warm apple cider and caramel apples. This transition, from summer to fall, also happens in the world of real estate. As home values have been rising over the past couple years, home sellers didn't need to do much staging to get their homes sold.

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How this private lending exec prepares for the future of the industry

Mortgagebroker News

"We want to make sure that there's a sound exit strategy prior to even getting that mortgage underwritten"

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Local Markets: Housing news across U.S communities

Housing Wire

Take a deep dive into these five local housing markets to better understand the trends across the nation. Each city has a unique market and enticing listings to attract new residents. Siesta Key, Florida. Remote work flexibility opened up the possibilities of where people could live, so more and more homebuyers have decided to make the move to the beach.

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