Fri.May 20, 2022

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Need to sell your house fast? Here are 7 great options

Housing Wire

Sometimes you buy a house only to have to sell it sooner than you thought. Whether the property didn’t perform the way you thought it would or something else happens in your life that makes it impossible to afford the home, if you’re in a hurry to sell, you need to think outside the box. The traditional way to sell a home may take longer than you have to solve your financial issues, or you may just be in a hurry to sell and move on with your life.

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What’s New in Appraisal Membership: May 2022

Appraisal Buzz

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide array of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership?

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An inside look at local housing markets across the country

Housing Wire

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Bluffton, South Carolina. Historically viewed as a place to drive through on the way to Savannah, Georgia or the popular vacation destination of Hilton Head, Bluff ton has really come into its own over the past 10 years.

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Gains for Custom Home Building

Eyes on Housing

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building posted a year-over-years gain for the first quarter of 2022. There were 46,000 total custom building starts during the first quarter of the year. This marks a 28% increase from the first quarter of 2021. Over the last four quarters, custom housing.

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Planet Financial Group partners with Farmlink Project

Housing Wire

Planet Financial Group will donate $100,000 to a project that distributes food surplus to food banks. The donation will be made to The Farmlink Project, a nonprofit organization that aims to reduce carbon emissions and save millions of pounds of fresh produce by connecting farmers to food banks. Since Farmlink launched in 2020, more than 50 million people received meals and about 70 million pounds of food were through the project.

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Longbridge Financial Appoints Bill Packer as COO

Appraisal Buzz

Longbridge Financial LLC , a national reverse mortgage loan originator and servicer, has named Bill Packer, former COO and director of American Financial Resources, is joining the firm as COO, pending regulatory approval. Packer will work closely alongside Longbridge’s chief revenue and marketing officer, Melissa Macerato, and serve as a member of the company’s executive leadership under CEO Christopher Mayer.

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The Week Ahead: Servicers Crafting the Ultimate Client Experience

Appraisal Buzz

An upcoming Five Star/Messagepoint webinar will discuss how perfecting communication processes with your clients will help in delivering an ideal borrower experience. The post The Week Ahead: Servicers Crafting the Ultimate Client Experience appeared first on DSNews. The post The Week Ahead: Servicers Crafting the Ultimate Client Experience appeared first on Appraisal Buzz.

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Lamacchia Realty Named a 2022 Fast 50 Company by Boston Business Journal

Lamacchia Realty

The Boston Business Journal has named Lamacchia Realty to its exclusive 2022 Fast 50 list, which represents the 50 fastest-growing private companies in Massachusetts. The Fast 50 companies are selected and ranked based on revenue growth from 2018 to 2021. The numbers are crunched and analyzed by the Business Journal’s research department. In 2022, Lamacchia Realty ranked 16th on the Fast 50 List with 274.39% growth!

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Distressed Home Sales Down 2% YoY in April

Appraisal Buzz

NAR reports that foreclosures and short sales represented less than 1% of total home sales in April 2022, but were down slightly from April 2021’s totals. The post Distressed Home Sales Down 2% YoY in April appeared first on DSNews. The post Distressed Home Sales Down 2% YoY in April appeared first on Appraisal Buzz.

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The State of the US Real Estate Housing Market in 2022 (So Far)

Mashvisor

Investing can be a tricky business at times. That’s why it is important to keep up to date with the real estate housing market trends throughout the year.

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CFPB Issues New Interpretive Rule

Appraisal Buzz

The Consumer Financial Protection Bureau (CFPB) has issued a new interpretive rule that describes individual states’ authorities to pursue lawbreaking companies and individuals that violate the provisions of federal consumer financial protection law. This announcement is part of the CFPB’s expansion of its efforts to support state enforcement activity.

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What Real Estate Data Do You Need to Analyze Investment Properties?

Mashvisor

If you’re looking to invest in a property, a proper analysis with accurate real estate data is an absolute must for investment success.

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Redfin Reports Slowing Demand, More Sellers Coming to Market

Appraisal Buzz

Homebuyers may finally start to notice signs that the market is shifting toward their favor, as more sellers came to the market during the four weeks ending May 15, according to a new report from Redfin. New listings climbed nearly twice as fast as they did at this time last year, and the share of listings with a price drop rose to its highest level in two and a half years.

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What to Know About Home Renovations in 2022

Lamacchia Realty

HOME RENOVATIONS IN 2022. It’s well known that the world has seen a multitude of changes over the past few years, and the home renovations world is no different. From supply chain delays and stoppages to inflation, home renovation and even new construction projects are feeling the impact. The changes began as the COVID-19 pandemic hit, temporarily shutting down businesses and causing a major pause in production for virtually every good and service.

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Our Inflation Dilemma: What The Fed Won’t Tell You

BiggerPockets

I’m about to tell you everything the Fed doesn’t want to say to you. Let’s start with the obvious: Most of us don’t like to see interest rates rise. Sure, it’s […].

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Analyst: Pace of inflation is steadily eroding Canadians' household savings

Mortgagebroker News

Canadians' pandemic savings might not play as big a role in economic recovery as anticipated

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Rookie Reply: Should You Rent to a Bankrupt Tenant?

BiggerPockets

This week’s question comes from Andrew on the Real Estate Rookie Facebook Group. Andrew is asking: How would you handle a prospective tenant that has a bankruptcy on their record? […].

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Equitable Group posts landmark financial results

Mortgagebroker News

The lender's diversification strategy has proven fruitful, executives say

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Five things to look for when partnering with a third-party review provider

Housing Wire

The residential mortgage origination process is very complex and origination and underwriting mistakes can be very costly, so lenders need to make sure they’re mitigating every possible risk related to the borrower and property. That’s why due diligence is a critical element of every mortgage transaction. The purpose of due diligence is to protect lenders by reviewing and verifying all information provided by borrowers to eliminate fraud and other concerns.

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Appraisals: What brokers need to know as market changes

Mortgagebroker News

Buyers who purchased before mid-February should be particularly prepared

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Fannie Mae chalks up another Credit Insurance Risk Transfer deal 

Housing Wire

Fannie Mae has executed its fifth Credit Insurance Risk Transfer (CIRT) deal of 2022, providing up to $733.3 million in mortgage-risk coverage for the private market. The transaction, CIRT 2022-5 involved a covered loan pool of 67,700 single-family mortgages with a total unpaid principal balance of about $21 billion. The loans in the pool are fixed-rate mortgages with mostly 30-year terms and loan-to-value ratios ranging from 80.1% to 97%, according to Fannie’s statement announcing the deal.

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Canada housing market: Will out-of-province purchases slow down?

Mortgagebroker News

Prices remain sky-high even as activity begins to moderate

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Sales for Existing Homes Decrease by 2.4 Percent in April 2022

Appraisal Buzz

Existing-home sales recorded a third straight month of declines, slipping slightly in April, according to the National Association of Realtors. Month-over-month sales were split amongst the four major U.S. regions, with two areas posting gains and the other two experiencing waning in April. Year-over-year sales struggled, as each of the four regions reported dips.

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StatCan: New home price movements buck the trend in April

Mortgagebroker News

Increases in construction costs had a significant impact on the national market, statistics agency says

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Fannie Mae Executes Fifth CIRT Transaction for $21 Billion

Appraisal Buzz

Fannie Mae has executed its fifth Credit Insurance Risk Transfer (CIRT) transaction of 2022. As part of Fannie Mae’s ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2022-5 transferred $733.3 million of mortgage credit risk to private insurers and reinsurers. Since inception to date, Fannie Mae has acquired approximately $19.2 billion of insurance coverage on $656.6 billion of single-family loans through the CIRT program, The pos

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Landlord org: Opposition to higher-density projects is ill-advised

Mortgagebroker News

Greater density is a vital part of responsible housing policy, CAPREIT says

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SFR Return on Investment Drops as Home Prices Spike

Appraisal Buzz

ATTOM Data Solutions, a real estate data company, released its new Single-Family Rental Market Report which shows that profit margins on three-bedroom single-family home rentals (SFR) have been declining on a year-over-year basis throughout 2022 across much of the U.S. Areas that previously saw lower yields were the most at risk of this recent phenomenon.

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What’s New in Appraisal Membership: May 2022

McKissock

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide array of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership?

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CubiCasa – Home Measurement From Inside A House

Appraisal Today

CubiCasa and a Desktop Mess – an appraiser’s experience. By Jamie Owen. Excerpts: I called the listing agent on the property I was to appraise and asked if they knew how an appraiser might go about obtaining a floor plan (for my desktop appraisal). She had no idea and had never heard of this type of thing being needed. I was really at a dead end here.