Thu.Dec 08, 2022

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Best practices to speed up the appraisal process

Housing Wire

Appraisal turn times have historically been a pain point in the mortgage process and in boom times, when transaction volumes soar, turn times tend to be one of the first casualties. In 2020 and 2021, for example, some markets saw appraisals take as long as three to six weeks. Now that the market is less frenzied, turn times are improving. Depending on the region, people are able to get appraisals done in under 10 days for the most part, according to Reggora CEO Brian Zitin.

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[Video] Business Automation with GoFormz Workflows

GoForrmz

Do you ever stare at your computer and say “there has to be an easier way to do this”? If your day is filled with repetitive data entry or processing tasks, let GoFormz give you back your workday! For everyone with form-based data capture, GoFormz Workflows can automate your daily tasks, such as emailing form copies, exporting and storing forms in your preferred Cloud storage platform, or even sending data directly to your CRM or ERP.

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Mortgage rates are down, but not enough for most borrowers

Housing Wire

Mortgage rates continued the downward trend this week amid signs that the U.S. economy is cooling down due to the tightening monetary policy. The recent declines, however, have not been enough to convince borrowers to take out a home loan. “This week, labor cost data provided a ray of hope as it showed that hourly compensation was lower than previously reported in the second and third quarters for all sectors except manufacturing,” Danielle Hale, Realtor.com ’s chief economist, said in a stateme

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2 of 3 Fla. Mortgage Holders Have 50%+ Equity

Empire Appraisal Group

2 of 3 Fla. Mortgage Holders Have 50%+ Equity. Source: 2 of 3 Fla. Mortgage Holders Have 50%+ Equity | Florida Realtors. By Kerry Smith. Most Fla. homeowners have significant equity. Many own their home outright, and of those with a mortgage, 62.8% owe lenders less than 50% of market value. ORLANDO, Fla. – While home price increases have slowed, they have not stopped.

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Inside the collapse of a top reverse mortgage lender

Housing Wire

After returning from the Thanksgiving holiday, the roughly 575 staffers at Reverse Mortgage Funding assembled nervously on two separate Microsoft Teams meetings. On the first virtual meeting, 472 employees received the bad news that many expected : they were being terminated. The hundred or so workers on the other Teams meeting were given marching orders: keep the company’s operations functioning during bankruptcy proceedings.

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Don’t Miss Out on Warehouse Space for Sale – The Recession-Proof CRE Sector

The Robert Weiler Company

While the major news headlines speak of an impending recession, commercial real estate investors continue looking for market stability and profitability. That’s why warehouse space for sale in the Columbus, Ohio region has never looked better! It’s easy to allow the naysayers to overshadow our optimism with the uncertainty of these challenging financial times; however, industrial real estate continues to be one of the hottest CRE sectors in the nation.

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Shannon Wright Named Lamacchia Realty Employee of the Month – November 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. Lamacchia Realty views its staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.

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Appraisal Comps: “Just the facts, Ma’am” – STUFF EVERY AGENT SHOULD KNOW!

JMV Lending

“The story you are about to hear is true; only the names have been changed to protect the innocent.” That was the opening line from the famous 1960s TV series Dragnet – an “educational drama” that taught young boomers growing up in a small Minnesota farm town that: (1) smart cops in LA solved every […]. The post Appraisal Comps: “Just the facts, Ma’am” – STUFF EVERY AGENT SHOULD KNOW!

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Bank of Canada could be done on hikes for now: CIBC's Tal

Mortgagebroker News

"This is a significant difference in language, basically telling you that the Bank is willing to stop at this point if the data behaves"

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Tina Davis-Chiruna Named Women’s Council of REALTORS® South Shore 2023 President-Elect

Lamacchia Realty

December 6, 2022 – The Women’s Council of REALTORS® South Shore Region named Lamacchia Realty’s Tina Davis-Chiruna as the 2023 President-Elect! As President, Tina will plan and execute networking events for the group, be an educator for all members, and lead the organization based on their values of success, harmony, and achievement. Tina is out of our Braintree office and has been helping clients in the South Shore buy and sell for many years.

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Finance Friday: Got Extra Cash? Here’s the Investment Plan for You

BiggerPockets

Retirement planning is something best started early on. The more time you give yourself to invest, the faster your accounts can grow, giving you early financial independence well before the […].

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What should be top-of-mind for brokers heading into 2023?

Mortgagebroker News

Community Trust's Massimo De Nigris on positivity, opportunity, and keeping your foot on the gas

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FEMA, Floods, and Florida Real Estate After Hurricane Ian

BiggerPockets

After Hurricane Ian, Florida real estate took a huge hit. With multiple communities literally underwater and the entirety of Southwest Florida facing pricey home repairs, Florida went from being the […].

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Average Mortgage Interest Rates Decline Four Consecutive Weeks

Buys Brokers Only LLC

Average mortgage interest rates nationally have declined for four weeks, but lower borrowing costs have not increased homebuyer demand.

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10 Charts That Summarize The U.S. Economy—Hint: It’s A Mixed Bag

BiggerPockets

We’re going to talk about the economy. I’m not going to make economic predictions here, but I’m going to try to assess where we are (or might be) in this […].

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Homebuyers You Are Being Recorded

Hank Miller Team

Fear sells. The speed at which surveillance devices became "the norm" after 9/11 is mind-boggling; from satellites to cell phones, cameras are rolling. Out shopping for a home, always assume that you are being recorded when you step onto that property. The idea that home surveillance devices are now essential is marketing gold, not to be fully ensconced in "protection" could easily result in your or your loved one's demise.

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CWB Optimum Mortgage is all about broker and client education in 2023

Mortgagebroker News

The lender is taking a stand and leading the charge when it comes to this critical mission

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What Is a Short Term Rental and Should You Invest in One?

Mashvisor

Are you looking for a profitable investment? In this article, you will learn what is a short term rental and why it will make a good investment.

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How have Canadian banks responded to the BoC's latest hike?

Mortgagebroker News

The central bank's announcement sets the tone for the Big Six

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Elliman Magazine Column "Market Update" - New Inventory Is Falling

Miller Samuel

I write a column for Elliman Magazine called "Market Update" that presents a chart and context around it. Its kind of like my nine-year column " Three Cents Worth " at the old Curbed but more grown-up and without the snark. The post Elliman Magazine Column "Market Update" - New Inventory Is Falling first appeared on Miller Samuel Real Estate Appraisers & Consultants.

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How many more Bank of Canada rate hikes are likely?

Mortgagebroker News

Veteran economist lays out near-future possibilities

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Lending standards loosen amid high mortgage rates, slow housing market

Housing Wire

Lending standards loosened in November for the first time in nine months as mortgage rates remaining elevated and the housing market slowed further, the Mortgage Bankers Association (MBA) said on Thursday. The MCAI rose by 1.4% to 103.4 in November, according to the MBA. An increase in the MCAI – benchmarked to 100 – indicates that lending standards are loosening while a decrease in the index is indicative of tightening credit.

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How did the Newfoundland and Labrador housing market fare recently?

Mortgagebroker News

"It never got desperate, not like what we've seen in some other parts of the country"

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Custom Home Building Share Declines Slightly

Eyes on Housing

According to data from the Census Bureau’s Survey of Construction (SOC), custom homes accounted for 17.6 percent of new single-family homes started—down slightly from the 17.8 percent recorded in 2021 and the lowest the annual custom home share has been since the 2005 re-design of the SOC. The custom home market consists of contractor-built and owner-built houses—homes built one at.

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How prevalent are renters in the Canadian housing market?

Mortgagebroker News

RBC unveils latest rentership numbers

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Last call for 5-Star Mortgage Employers

Mortgagebroker News

Entries for CMP's annual showcase close tomorrow