Thu.Jan 05, 2023

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RMBS market likely to be further weakened by headwinds in 2023

Housing Wire

The U.S. residential mortgage-backed securities (RMBS) market continues to look bleak for 2023. This year, RMBS issuance volumes are expected to contract further from 2022 due to the impact from elevated rates, high inflation and recession possibilities. . Major factors that will shape the RMBS market include a dramatic reduction in origination volume and mortgage lenders exiting the business , according to a report from DBRS Morningstar on the outlook of the industry. .

Marketing 445
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FAQ #1 Do ANSI ceiling height requirements apply to below grade square footage?

Riverfront Appraisals

Note: All year, we’ll be writing about a variety of frequently asked questions dealing with appraisals. If you’d rather listen, check out our podcast, The Appraisal Cast, wherever you listen to podcasts. Question: Do ANSI ceiling height requirements apply to below grade square footage? This question came to be from a Realtor who […]. The post FAQ #1 Do ANSI ceiling height requirements apply to below grade square footage?

Realtors 117
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Loan America sues Sprout for allegedly failing to purchase loans

Housing Wire

California-based Loan America, Inc. is the latest former business partner to sue Sprout Mortgage in a suit filed six months after the mortgage lender abruptly closed its doors. The lawsuit, filed on December 20 in the Superior Court of the State of California for the County of Los Angeles, accuses Sprout and its top managers – including its owner Michael Strauss, president Shea Pallante and chief financial officer Christopher Wright – of fraud and deceit, promissory estoppel, negligence, unfair

Insurance 426
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San Francisco Home Values (Housing Market Trends and Charts)

Realvals

The charts below offer a realistic portrayal of the housing market in San Francisco, California. The data comes directly from the local Multiple Listing Service (BAREIS MLS), providing a more comprehensive understanding of the true trends in the market. These charts are updated on a monthly basis and include a full year of data. * Bookmark this page if you want to keep up with the real estate market trends in San Francisco. *.

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Silvergate ditches mortgage warehouse lending, cuts 20% of workforce

Housing Wire

Silvergate Capital Corporation , parent company of Silvergate Bank , which provided services to Sam Bankman-Fried’s now-collapsed crypto empire, walked away from its mortgage warehouse business and cut workforce by 20% as clients pulled $8.1 billion in crypto-related deposits. Silvergate’s provisional fourth quarter earnings report revealed that it exited its mortgage warehouse lending product in the fourth quarter of 2022 due to “the current macro environment, the rising interest rate env

Lending 391
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Lamacchia Realty Announces Top Producing REALTORS® for December 2022

Lamacchia Realty

Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for December 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! December 2022 Winners of the Top 10 for the Company are: Laurie Howe Bourgeois has been a licensed REALTOR® since 2000 and in the customer service industry for 34 years.

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How to Invest in Residential Real Estate: The Ultimate Beginner’s Guide

Mashvisor

If you want to invest in residential real estate but aren’t 100% sure what your first step should be, we’re here to help you develop a plan.

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Logan Mohtashami’s 2023 housing market forecast

Housing Wire

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing went into a recession in June and mortgage volume fell off a cliff. So where does all that drama leave us for 2023?

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Government relations essential for mortgage community in 2023: expert

Mortgagebroker News

Clear communication is essential between policymakers and mortgage professionals in the year ahead, says industry veteran

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The 8 Worst and Best Housing Markets in The US (2023 Edition)

BiggerPockets

What’s the best housing market for real estate investing? If this were 2022, we’d say cities like Boise, Austin, or Phoenix, but things have changed, and many of last year’s […].

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How technology aids in understanding the meaning behind the numbers

Mortgagebroker News

"Understanding the data that is within your technology platform is something that we think is very, very important"

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Finance Friday: How to Build a Six-Figure Business (in Your 20s!)

BiggerPockets

How can a simple pressure washing business make you six figures of income a year? With a startup cost of only a couple hundred dollars, today’s guest Chris expanded his […].

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Toronto home sales continue to slide in December

Mortgagebroker News

Rising interest rates are still having an impact on the city's housing market

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Flipping Out-Of-State? Here’s Some Useful Advice

BiggerPockets

Every investment I’ve made has been within 60 minutes of my home. There’s no rhyme or reason, it’s simply where I’ve looked for opportunities. It works, so why look elsewhere? […].

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CIBC vows to contest US court ruling ordering $1.16 billion repayment

Mortgagebroker News

The bank was found liable for losses suffered by a US-based hedge fund

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ClearCast Podcast E33 — FHFA Deputy Director, DOR, Jason Cave

Clear Capital

Follow ClearCast on LinkedIn , Twitter , Facebook , and Instagram. EPISODE SUMMARY. In this end-of-the-year edition of ClearCast, Kenon and Jeff discuss the real estate and fintech highs and lows from 2022. Then, they sit down with Jason Cave, Deputy Director of the Division of Resolutions at the Federal Housing Finance Agency (FHFA). The trio discuss the FHFA’s push towards developing a fintech office space, the agency’s new Request for Information findings, and Jason’s predictions for 2023.

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How can brokers build customer loyalty and drive referrals?

Mortgagebroker News

These steps can give agents and brokers an invaluable edge in the industry in 2023

Agents 62
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State-Level GDP in the Third Quarter of 2022

Eyes on Housing

Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the third quarter of 2022 while Indiana, South Dakota, and Mississippi saw modest GDP declines. According to the U.S. Bureau of Economic Analysis (BEA), the percent change in real GDP ranged from 8.7 percent increase in Alaska to 0.7 percent decline in Mississippi.

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Ontario regulator urges mortgage professionals to renew early this year

Mortgagebroker News

FSRA outlines new licensing requirements

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[Webinar] eSign in Digital Forms: 4 Use Cases for Your Business

GoForrmz

Learn more about how you can use eSignatures in your digital forms Join the GoFormz team in a live webinar all about capturing legally binding electronic signatures ! If you’re interested in electronic signatures or want to see how they can best support your business, join us on January 19th at 2:00 PM ET / 11:00 AM PT. With GoFormz + eSign, you can now seamlessly digitize your paper documents while capturing legally binding electronic signatures - all within seconds.

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Home Capital Group moves closer to acquisition by billionaire

Mortgagebroker News

Deal is expected to close in mid-2023

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The Cleveland Area Housing Market Was Skating Along… And Then This Happened

Cleveland Appraisal Blog

Welcome to 2023! I hope that you all had a nice time off over the past month. We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. Even before the pandemic’s incredible surge in housing demand, the market in Northeast Ohio was skating along nicely.

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Unequal Opportunity: Addressing appraisal bias is another step toward making housing more equitable

Clear Capital

This article originally appeared in Scotsman Guide. Written by Marisa Calderon and Kenon Chen. Homeownership has long been synonymous with the American dream, in no small part due to its promise of financial freedom for people of every background through the wealth-building potential of home equity. That’s not to mention the many other recognized advantages of owning a home.