Housing Wire

OCTOBER 20, 2022

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Foreclosure auction buyers started bidding more conservatively in the second quarter of 2022, as measured by proprietary data from the Auction.com marketplace.

Buyers 432

Buyers Housing Market Marketing Investors 432

Miller Samuel

OCTOBER 20, 2022

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Business 195

Business Real Estate Appraisal 195

Housing Wire

OCTOBER 20, 2022

Online bank Ally Financial recorded a $136 million impairment related to its investment in struggling digital mortgage lender Better.com , bank executives said Wednesday during the company’s third-quarter earnings call. The bank disclosed to shareholders and analysts that the $136 million impairment was a “nonmarketable equity investment” related to its mortgage business. “Following the impairment, our investment has a remaining carrying value of $19 million, so this has

Investing 410

Investing Housing Market Mortgage Tools 410

Appraisal Buzz

OCTOBER 20, 2022

“If the Federal Reserve’s objective was to slow down the housing market, it has succeeded spectacularly,” said Rick Sharga, EVP of Market Intelligence at ATTOM. The post Home Sellers Report Drop in Profits During Q3 appeared first on Appraisal Buzz.

Sellers 195

Sellers Housing Market Appraisal Marketing 195

Housing Wire

OCTOBER 20, 2022

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose two basis points from last week to 6.94% , slowing its upward trajectory this week.

Mortgage 410

Mortgage Sellers Buyers New Listings 410

Appraisal Buzz

OCTOBER 20, 2022

A three-judge panel of the 5th U.S. Circuit Court of Appeals ruled in a case brought by a payday lending group against the CFPB’s 2017 payday lending rule, resulting in the court’s decision to deem their funding structures unconstitutional. The post Fifth Circuit Finds CFPB Funding Strategy Unconstitutional appeared first on Appraisal Buzz.

Lending 195

Lending Appraisal 195

Miller Samuel

OCTOBER 20, 2022

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Business 150

Business Real Estate Appraisal 150

Appraisal Buzz

OCTOBER 20, 2022

edfin reports that pending home sales fell more than 50% in three Florida metros hit hardest by Hurricane Ian, with new listings slumping in all three metros as well. The post Measuring Hurricane Ian’s Impact on the Sunshine State’s Housing Market appeared first on Appraisal Buzz.

Housing Market 150

Housing Market Marketing New Listings Appraisal 150

Miller Samuel

OCTOBER 20, 2022

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Business 150

Business Real Estate Appraisal Finance 150

Appraisal Buzz

OCTOBER 20, 2022

A recent survey from CraftJack showed that 1 in 5 Americans moved in 2021 following the onset of the pandemic. New data reveals that the South is seeing the greatest increase in migration, while the Northeast is losing the highest share of residents. The post Southern Regions Experience Surge in Migration appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Eyes on Housing

OCTOBER 20, 2022

As rising mortgage rates continue to cool the housing market, the volume of existing home sales has declined for eight consecutive months as of September, according to the National Association of Realtors (NAR). The average 30-year fixed mortgage interest rate has increased from 3.11% at the start of the year to 6.

Mortgage 150

Mortgage Realtors Housing Market Marketing 150

Appraisal Buzz

OCTOBER 20, 2022

Jerry McCoy of LoanCare examines three keys to enabling sound servicing decisions using data-driven technology. The post Safe and Sound appeared first on Appraisal Buzz.

Technology 150

Technology Appraisal 150

GoForrmz

OCTOBER 20, 2022

Automated Workflows are your answer to efficiently enhancing business processes from end-to-end When deadlines, schedules, and budgets are involved, waiting for manual handoffs can be frustrating and downright detrimental. Luckily, with GoFormz, there’s an easy solution: Automated Workflows ! With a variety of customizable Workflows at your disposal, critical processes can be fully streamlined to allow for breakneck response times and immediate action.

Business 147

Business Clients Marketing 147

Appraiserblogs

OCTOBER 20, 2022

Gone are the days of hiring a professional appraiser to solve the appraisal problem. For decades lenders have taken on the responsibility of shaping the appraisal process and dictating the solutions to the appraisal problem. Savvy appraisers push back in a positive fashion to try and enable the lender to receive a report that not only meets USPAP, FIRREA, Fannie Mae, or HUD/FHA/VA an UAD reporting guidelines, but also provides the client with a report that is clear, concise, accurate and not mis

Appraisal 101

Appraisal Appraisal Process Clients Development 101

Empire Appraisal Group

OCTOBER 20, 2022

‘It’s pretty much business as usual’: Opportunistic real-estate hunters target Florida towns just weeks ago in Hurricane Ian’s path. Source: ‘It’s pretty much business as usual’: Opportunistic real-estate hunters target Florida towns just weeks ago in Hurricane Ian’s path – MarketWatch. By Robyn A. Friedman. Investors and other buyers are scouring the region for housing deals after a multiyear surge in home prices.

Real Estate 78

Real Estate Business Real Estate Agent Investors 78

Mashvisor

OCTOBER 20, 2022

As the year comes closer to an end, many investors are now looking ahead and wondering what the best places to invest in real estate 2023 are.

Real Estate 68

Real Estate Investing Investors 68

BiggerPockets

OCTOBER 20, 2022

The Fed’s most recent increase to the federal funds rate has driven mortgage rates to their highest level since 2002. That was the goal—to increase the cost of borrowing to slow […].

Mortgage 56

Mortgage Real Estate Marketing 56

Mortgagebroker News

OCTOBER 20, 2022

Housing starts are being impelled by sustained market strength in several key regions

Construction 68

Construction Marketing 68

BiggerPockets

OCTOBER 20, 2022

Taking a sabbatical from work requires a few things: time, money, and the willpower to do some soul-searching. Most people think that they can’t take any more than two weeks […].

Finance 50

Finance 50

Mortgagebroker News

OCTOBER 20, 2022

The Toronto-based mortgage tech company recently closed a $4 million funding round

Mortgage 69

Mortgage 69

BiggerPockets

OCTOBER 20, 2022

Finding cash flow isn’t easy, especially with rising interest rates, high home prices, inflation, and an economic crunch on everyday investors. Where is the best place to park your cash […].

Investors 50

Investors Marketing 50

Mortgagebroker News

OCTOBER 20, 2022

Moving above a certain level brings a clear risk of overshooting, says CIBC's Tal

69

69

Lamacchia Realty

OCTOBER 20, 2022

This content is password protected. To view it please enter your password below: Password: The post Protected: September 2022 MA/NH Housing Report appeared first on Lamacchia Realty.

Realty 49

Realty 49

Mortgagebroker News

OCTOBER 20, 2022

The Bank of Canada's massive rate increases will continue to weigh heavy

Mortgage 69

Mortgage 69

Assurance Financial

OCTOBER 20, 2022

Assurance Financial Reduces Cost Per Loan and Improves Borrower Satisfaction with Appraisal Automation from Reggora. Reggora , an appraisal management software company that is modernizing residential real estate valuation for mortgage lenders, announces outstanding business results with Assurance Financial. By automating its appraisal order management process, Assurance Financial has significantly reduced operating costs and increased borrower satisfaction.

Appraisal Process 36

Appraisal Process Modernization Inspection Technology 36

Mortgagebroker News

OCTOBER 20, 2022

"If you don't have technology to do that, that's going to be a challenge"

Brokerage 68

Brokerage Technology 68

Housing Wire

OCTOBER 20, 2022

Higher mortgage rates continued to impact home sales over the last month, with existing home sales declining in September for the eighth consecutive month, according to a report from the National Association of Realtors (NAR). . “The housing sector continues to undergo an adjustment due to the continuous rise in interest rates, which eclipsed 6% for 30-year fixed mortgages in September and are now approaching 7%,” NAR Chief Economist Lawrence Yun said in a statement. “Expensive

Inventory 397

Inventory Mortgage Contracts Realtors 397

Mortgagebroker News

OCTOBER 20, 2022

Inventory essentially "evaporated" from the Canadian luxury housing market in Q3, says a new report

Marketing 58

Marketing Inventory Housing Market 58

Housing Wire

OCTOBER 20, 2022

Profit margins on median-priced single-family and condo sales across the U.S. decreased to 54.6% in the third quarter, according to a new report from real estate data company ATTOM. This is the first decline in home prices in almost three years, down from 57.6% in the second quarter, with median national home values dropping 3% quarterly to approximately $340,000, the report said.

Sellers 410

Sellers Investing Housing Market Real Estate 410

Housing Wire

OCTOBER 20, 2022

The Fifth Circuit U.S. Court of Appeals found this week that the funding source for the Consumer Financial Protection Bureau (CFPB) is unconstitutional , according to a decision reached by a three-judge panel. The panel found that the “design of the CFPB violated the Constitution because it receives funding through the Federal Reserve, rather than appropriations legislation passed by Congress,” reads a story on the decision by Politico.

Law 410

Law Lending Finance Design 410