Mon.Mar 28, 2022

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Taxing flippers 25% in California??

Sacramento Appraisal Blog

There’s a new bill in California called AB 1771 that proposes a 25% tax on the profit of home flippers. This is worth talking about because laws can affect the housing market. This is NOT a political post, but I want to talk about some of the issues involved and offer perspective based on stats […].

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Lenders, are you prepared for upcoming changes from the IRS?

Housing Wire

If you’re a mortgage lender, you’re undoubtedly familiar with IRS Form 4506. Introduced as a fraud prevention measure, Form 4506 is required from nearly every borrower to prove that their tax returns from the past two years are authentic and properly filed. So, when it comes to the IRS Form 4506, keeping up with the most recent changes, and the changes to come, is nothing short of crucial.

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Join the Radian Hybrid Appraiser Panel Today!

Appraisal Buzz

As the way we all do business continues to evolve, help support the digital transformation of the industry and become a hybrid appraiser. Appraisers that join the hybrid appraisal panel with Radian Valuation Services, LLC enjoy the following: National coverage: We offer national coverage, providing USPAP/FIREAA compliant hybrid appraisal opportunities nationwide for you.

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The big nonbanks stir up a non-QM turf war

Housing Wire

As the end of the first quarter of 2022 approaches, the expected blossoming of the non-QM lending space in the private label market is well underway. . Some three dozen non-QM securitizations sponsored by about two dozen different entities have made their way to bond-rating firms so far in 2022. This year’s non-QM volume numbers are impressive, up nearly threefold over the first three months of this year, compared with 2021.

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Jesse Levin Leads The Standard’s Loan Origination Efforts as Second Vice President

Appraisal Buzz

StanCorp Mortgage Investors (The Standard) has promoted Jesse Levin to second vice president of loan origination. In his new role, he is responsible for the origination, underwriting and closing of all new commercial mortgage business and the underwriting and closing of all administrative transactions for an existing mortgage portfolio that exceeds $13 billion.

Investors 195
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Cracking the code on marketing to the Realtor channel

Housing Wire

As lenders adapt to a purchase-centered market , HousingWire spoke to Brian Boero, CEO of 1000watt , about opportunities to grow lenders’ effectiveness in the Realtor and broker market. HousingWire: What’s happening right now in the Realtor world that lenders should know more about? Brian Boero: Well, this may seem obvious on the surface, but agents and brokers are facing a level of industry change that simply hasn’t existed before.

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More Trending

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Logan Mohtashami on why this is a savagely unhealthy housing market

Housing Wire

In this HW+ Slack Q&A , Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, whether or not he has updates to his 2022 forecast and more. As a member of HW+, you can us join for regular 30-minute Slack Q&As, where we invite the HW Media newsroom to break down the hottest topics in the industry. Tune in for our next event with Mohtashami happening April 6th at 12 CT in the #articlediscussion channel.

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FormFree Names Mary Costello Director of Vendor Management, Risk and Compliance

Appraisal Buzz

With nearly 20 years of risk management experience, FormFree taps vendor management expert to support the company’s audit, risk, and compliance efforts. The post FormFree Names Mary Costello Director of Vendor Management, Risk and Compliance appeared first on DSNews. The post FormFree Names Mary Costello Director of Vendor Management, Risk and Compliance appeared first on Appraisal Buzz.

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Ryan Serhant to headline HousingWire Annual in October

Housing Wire

Ryan Serhant, founder of real estate brokerage SERHANT., will headline HousingWire Annual Oct. 3-5 in Scottsdale, Arizona. Serhant launched his namesake brokerage after building the No.1 real estate team in New York City and starring in Bravo’s Million Dollar Listing New York for the past nine seasons. Serhant’s new brokerage is designed to break the traditional model, with divisions focused on media, branding and technology to reach consumers in a new way.

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Low Home Inventory Spurs Drop in February’s Pending Sales

Appraisal Buzz

Despite intense buyer demand, February marked the fourth consecutive month of declines seen in overall pending home sales nationwide. The post Low Home Inventory Spurs Drop in February’s Pending Sales appeared first on DSNews. The post Low Home Inventory Spurs Drop in February’s Pending Sales appeared first on Appraisal Buzz.

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Future-Proof Your Data: Improving Enterprise Data Governance With Digital Data Capture

GoForrmz

Elevate enterprise data management with digital information capture and process-oriented information flows For enterprise, data is king, and efficient, standardized data management is critical to ensure enterprise teams are armed with the information they need. In the modern workplace, business-critical data can come from a vast number of sources, making it difficult to standardize and sanitize data entry, while streamlining the flow of information and providing a source of truth for business in

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Employment Situation in February: State-Level Analysis

Eyes on Housing

Nonfarm payroll employment increased in 48 states and the District of Columbia in February compared to the previous month while Arkansas and Alaska lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 678,000 in February, following a gain of 481,000 jobs in January.

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Sketch or Floor Plan?

Appraiserblogs

The FLOOR PLAN has all the elements of a SKETCH… Appraisers, I was given some ‘inside info’ about DESKTOP assignment reports being submitted to the GSE’s – incorrectly. The FLOOR PLAN exhibit in these DESKTOP reports, in some cases, is not being done correctly. Let’s examine what is actually required as a diagram showing the dwelling: First, when the appraiser certified that they, or their trainee, have/has made an on-site personal visit to the property and has measured the dwelling, only a SKET

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Five Critical Items You Need To Review Before Filing Your Depreciation Deductions

BiggerPockets

As a Real Estate Tax Strategist, I review thousands of tax returns every year. Throughout my career, I’ve detected a common area for mistakes: depreciation. Depreciation is a fundamental tool […].

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Canadian Mortgage Awards – the race is on

Mortgagebroker News

The most eagerly anticipated event of the year in the mortgage industry is returning on April 28

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BiggerPockets Money Podcast 287: How to Ask for a Raise (and Actually Get It!) w/Kassandra Dasent

BiggerPockets

Do you know how to ask for a raise? If you’re like most people, you probably think that we’re asking a rhetorical question. If you think it’s as easy as […].

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Helping brokers help their clients

Mortgagebroker News

For this principal broker, a leader's responsibility is not just directing, but also supporting

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What Is Roofstock & How Does It Work for Real Estate Investors?

Mashvisor

If you’re looking for an online platform to help you invest in rental real estate, Roofstock is one of the websites you might’ve come across in one of your online…

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Poll: Consumer sentiment continues to face headwinds

Mortgagebroker News

Positive views towards the economy, finances, and housing have taken a nosedive

Finance 69
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What Is The Difference Between An Appraisal & A Home Inspection?

AmeriMac

Before your mortgage loan is approved, you usually need to go through an appraisal and a home inspection. An appraisal tells you the market value of your property — while a home inspection tells you what might need to be repaired or replaced. Both are critical for the home loan process, but they have some key differences that you should understand as a home buyer.

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Nova Scotia special developments to add more than 22,000 new homes

Mortgagebroker News

The properties will be spread across suburban Halifax

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Where Can You Get the Most Reliable Airbnb Data by City in 2022?

Mashvisor

When investing in short-term rental properties this year, you need the most reliable Airbnb data by city in 2022 to ensure that you are making the right decision.

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Which requirements are less critical in today's jobs market?

Mortgagebroker News

Employers lower standards to source much-needed talent

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 10 Critical metrics to track in a purchase market

Housing Wire

Transport yourself back to 2019. It’s 9 a.m. You are suited, showered and seated behind a desk in a bustling office. Industry newsletters are reporting that mortgage lenders are tightening their belts as the cost to manufacture a loan peaks at a decade high of $9,299. Then boom! In March 2020 all of that changed. Lenders’ focus on tightly managing margins was replaced by the need to triage an unprecedented surge in refinance volume, which led to a record-shattering $4.3 trillion in U.S. mortgage

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Governments earmark $440 million for new housing supply in Toronto

Mortgagebroker News

The region is on track to exceed its 2022 target

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Mortgage Monday – March 28, 2022 | Total Mortgage Blog

Total Motgage

As we return to a purchase-heavy market with mortgage rates on the rise, it’s more important than ever to stay updated on the latest industry news – especially if you’re in the market to buy. Let’s get right into it and learn more in this week’s Mortgage Monday update!

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Opinion: Can tech and iBuyers fix the real estate market?

Housing Wire

While real estate is the largest asset class in the world, it’s a segment that is still highly fragmented. With different laws across regions, various types of properties (i.e. commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now.

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Just How Big is that House?

Appraisal Buzz

Appraising compliance with the American National Standard for Single-Family Residential Buildings. Fannie Mae has released further clarification on their announcement that they will be requiring appraisers to provide square footage calculations in accordance with the American National Standard for Single-Family Residential Buildings, the standard reference is ANSI Z765-2021.

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Biden’s $1.6 trillion budget calls for a 19% budget increase for HUD

Housing Wire

The Biden administration unveiled a $1.6 trillion discretionary spending request for 2023, which includes a 19% budget increase for the Department of Housing and Urban Development (HUD). If the request is approved by Congress, HUD could receive $71.9 billion, approximately $11.6 billion more than it received in this year’s stopgap funding measure.

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Capitalizing on the SFR Market

Appraisal Buzz

The Five Star Institute will present some of the top minds in the SFR space in Dallas, April 6-7, at the Single-Family Rental Summit 2022. The post Capitalizing on the SFR Market appeared first on DSNews. The post Capitalizing on the SFR Market appeared first on Appraisal Buzz.

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Biden’s FY2023 Budget Seeks $70B+ for HUD

Appraisal Buzz

In order to promote homeownership nationwide, and to strengthen HUD’s internal capacity, President Biden seeks $11.6 billion more for HUD than in 2022 for fiscal year 2023. The post Biden’s FY2023 Budget Seeks $70B+ for HUD appeared first on DSNews. The post Biden’s FY2023 Budget Seeks $70B+ for HUD appeared first on Appraisal Buzz.

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