Housing Wire

MARCH 17, 2023

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks spilled red ink in the fourth quarter of 2022 amid a jump in mortgage rates. These companies reported a net loss of $2,812 on each loan originated from October to December, an increase of more than four times the average per-loan loss of $624 in the third quarter, according to the Mortgage Bankers Association (MBA). “For the third consecutive quarter, the average pre-tax net production income was in the red, rea

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Mortgage Valuation Business Finance 383

Real Estate News

MARCH 17, 2023

The Agency adds a new Canada office, ERA grows in Aspen, Side partners with two NorCal firms, Christie's team closes $47M sale, and more news.

Brokerage 222

Brokerage 222

Housing Wire

MARCH 17, 2023

The U.S. Department of Justice ( DOJ ) announced this week that it has secured a commitment from Southfield, Michigan-based Sterling Bancorp, Inc. to plead guilty for filing false securities statements in a $69 million securities fraud case that stems from its 2017 initial public offering ( IPO ) and its annual filings in 2018 and 2019. The violations of law were directly related to mortgage loans originated by the company, which were “rife with fraud” and used to “pad its bottom line” in a mann

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Loan Officers Law Investors Mortgage 383

Real Estate News

MARCH 17, 2023

It might seem like sellers are slashing prices, desperate for a sale. But while price cuts are up, agents say they're still the exception.

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Sellers Agents Marketing 225

Housing Wire

MARCH 17, 2023

Candor Technology Inc. , a mortgage artificial intelligence firm focused on automated mortgage underwriting decisions, has conducted layoffs as lenders rush to cut costs. “Candor is executing a change in strategy to address the ever-changing mortgage market and to pivot along with client operations,” Tom Showalter, CEO of Candor , said in an e-mailed response.

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Mortgage Clients Technology Development 370

Eyes on Housing

MARCH 17, 2023

NAHB recently released its 2023 priced out estimates, showing how higher prices and interest rates affect housing affordability. The new estimates show that 96.5 million households are already not able to afford a median priced new home in 2023 due to the fact that their incomes are insufficient to qualify for the required mortgage under standard underwriting criteria.

Mortgage 168

Mortgage 168

Appraiserblogs

MARCH 17, 2023

Who is going to organize raising the funds and hiring the lobbyist? We are woefully behind the curve here. Myself and many others were organized in the early 1990s and managed to protect the appraisers’ interests for the most part at that time. Here in 2023, there does not appear to be any meaningful response other than the same old anecdotal war stories we pass along among ourselves.

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Training Appraisal Mortgage Marketing 119

Inman

MARCH 17, 2023

The sudden change in the global banking landscape has left luxury real estate clients hanging out "in the parking lot," Kofi Nartey said, as they wait to see where the remaining chips will fall.

Clients 155

Clients Real Estate Sellers Buyers 155

McKissock

MARCH 17, 2023

As an experienced appraiser, there are many reasons you may decide to take on a trainee. You might be looking to grow your business, delegate tasks (e.g., property inspections), or prepare for retirement. Whatever the reason, supervisors play an essential role in the training and development of future appraisers. Are you ready to take on the responsibility — and enjoy the potential benefits — of adding a trainee to your team?

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Appraisal Training Property Appraisal Real Property 97

Inman

MARCH 17, 2023

Marketing that repulses the intended audience is much worse than marketing with no redeeming qualities, writes Laura Viñalet. Your marketing should be strategic, purposeful and professional. Here are seven major marketing turnoffs that you should avoid.

Marketing 155

Marketing Agents Real Estate 155

Lamacchia Realty

MARCH 17, 2023

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property. Understanding the difference between these two values can help you make informed decisions when it comes to buying or selling a property Assessed Value Assessed value is a value that is assigned to a property by th

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Market Value Marketing Real Estate Agent Real Estate 74

Inman

MARCH 17, 2023

Lenders lost $2,812 per loan as business dropped off faster than they could trim expenses and production costs hit a record-high $12,450 per loan, a Mortgage Bankers Association survey found.

Mortgage 155

Mortgage Business Marketing 155

Eppraisal

MARCH 17, 2023

The last few years took a toll on many sectors of the U.S. economy, home building prominent among them. From COVID-19 interventions to supply chain disruptions to record inflation, the hits kept coming against a real estate market that was already experiencing diminished inventories and a growing pool of buyers. Some of the adverse economic factors have since abated -- at least somewhat -- so early 2023 might be the right time to take a fresh look at prospective demand for newly constructed home

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Supply Chain Home Value Inventory Construction 69

Inman

MARCH 17, 2023

Are you a real estate know-it-all? Just a big trivia buff? Take Inman's real estate marketing quiz. Test your knowledge to see if you're on the right track or if you need to study up.

Real Estate 155

Real Estate Marketing Agents 155

Valcre

MARCH 17, 2023

Independent audit confirms Valcre’s best-in-industry security standards with SOC 2 certification

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Inman

MARCH 17, 2023

This week, Byron Lazine and Nicole White discuss Brad Inman's view on the Silicon Valley Bank collapse, Plunk's impact on the real estate industry and Elon Musk's future Texas fiefdom.

Real Estate 155

Real Estate Brokerage Agents Marketing 155

BiggerPockets

MARCH 17, 2023

I know what you’re thinking. This guy is trying to stretch the SVB headlines into a multifamily real estate investing story. It must be clickbait. I get it.

Investors 60

Investors Real Estate Investing 60

Inman

MARCH 17, 2023

Sharing the latest funny photo is an almost irresistible impulse. However, if it crosses the line into marketing, you could be setting yourself up for financial consequences.

Marketing 155

Marketing Agents 155

Mortgagebroker News

MARCH 17, 2023

Having relocated to Canada from Iran, a new agent making waves tells CMP her story

Agents 69

Agents Mortgage 69

Inman

MARCH 17, 2023

Beagel aims to be a deeply integrated software partner leading with an in-browser open offer solution that allows buyers to bid on homes and agents to manage the process

Agents 155

Agents Buyers Technology Real Estate 155

Mortgagebroker News

MARCH 17, 2023

Partnership aims to ensure greater efficiency in the mortgage process for brokers and lenders alike

Mortgage 65

Mortgage 65

Inman

MARCH 17, 2023

It’s not always possible to predict how the world — and therefore the market — will shift. What we can do is teach new agents how to navigate the changing tides.

Agents 154

Agents Marketing Brokerage 154

Mortgagebroker News

MARCH 17, 2023

Banking giant warns of the delayed impact of higher interest rates

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Inman

MARCH 17, 2023

The days are getting longer, and many of us are looking forward to spending more time outside. Here are five favorite smart outdoor updates.

Technology 155

Technology Agents 155

Mortgagebroker News

MARCH 17, 2023

Avison Young highlights region's sustained commercial sector strength

Marketing 67

Marketing 67

Inman

MARCH 17, 2023

Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for March 10-16, 2023.

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BiggerPockets

MARCH 17, 2023

Don’t have enough capital to own property? Enter Airbnb arbitrage, the popular investment strategy that allows you to rent out someone else’s property for a profit.

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Investing Real Estate 43

Inman

MARCH 17, 2023

Zillow — which held $3.4 billion in cash and investments at the end of 2022 — is well prepared to weather any storm, including the banking fallout, Barton said in a new interview on Thursday.

Investing 119

Investing Technology Marketing 119

Mortgagebroker News

MARCH 17, 2023

CIBC outlines possibilities for the latter part of the year

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Inman

MARCH 17, 2023

Industry groups continue to object to a new Fannie and Freddie fee aimed at some riskier borrowers as a burden on lenders and consumers.

Mortgage 119

Mortgage Realtors Finance 119

Mashvisor

MARCH 17, 2023

Is the San Francisco market too overvalued to make a good return on investment? Check it in Mashvisor’s cash on cash return calculator app.

Real Estate 36

Real Estate Marketing Investing Tools 36

Housing Wire

MARCH 17, 2023

Single-family home purchase demand by investors remained steady in the fourth quarter of 2022, despite a dip in iBuying and larger investor demand, according to a report released this month by CoreLogic. The share of investor purchases of single-family homes fell to 21% in June of 2022, but rebounded to 26% in September and has remained stable since that point, according to CoreLogic economist Thomas Malone.

Investors 395

Investors Landlords Marketing Investing 395

Real Estate News

MARCH 17, 2023

In a new report, the outdoor projects that rank highest on the "joy scale" tend to have lower recovery costs, suggesting that ROI isn't always a top concern.

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