Tue.Jul 19, 2022

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Milo reaches $10M crypto-mortgage milestone

Housing Wire

Miami-based fintech Milo has closed $10 million in cryptocurrency mortgages since unveiling the product earlier this year, the company announced early Tuesday. The lender’s 30-year crypto mortgage is designed to make it easy for investors to use their digital holdings to acquire homes in the U.S. Through the crypto-lending program, Milo allows borrowers to pledge cryptocurrency through regulated custodians — crypto platforms such as Coinbase or Gemini — and thereby finance as much as 100 percent

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Smart Inspections

The Appraiser Coach

I was recently contacted by an individual with a question. This woman said that she has been using an iPad for years to do her mobile inspections, but had heard. Read More.

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State of the mortgage industry half-time report

Housing Wire

Adjusting to today’s market can be dizzying after the last few years of historically low interest rates and high refinance business. However, the lenders and loan officers who will be most successful in the second half of 2022 will be those who pivot quickly, understanding both the nuances of the market and the best strategies to help solve problems for today’s homeowners, homebuyers, homesellers, Realtors and financial advisors.

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Rent Growth Eases, Less-Expensive Metros Experience Smallest Decline in Sales

Appraisal Buzz

Home shoppers are finding more options to choose from, more time to make decisions and even price cuts in some areas, according to Zillow’s latest market report. That’s largely because intensifying affordability challenges are thinning competition from a crowded field and giving newfound leverage to those who remain. “Those who can weather this storm of … The post Rent Growth Eases, Less-Expensive Metros Experience Smallest Decline in Sales appeared first on DSNews.

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Baron Silverstein on his leadership approach and the recent Caliber acquisition

Housing Wire

The HousingWire award spotlight series highlights the individuals who have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Vanguards are now open through Friday, July 22, 2022. Click here to nominate someone. Each year, HousingWire ’s Vanguards recognize a list of elite players in the industry who have made it to the top and are now dominating the housing economy.

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Judith Romano Joins Pincus Law Group’s Pennsylvania Office

Appraisal Buzz

Thirty-year bankruptcy specialist joins Pincus Law to serve as Managing Attorney of the firm’s default legal services practice in the state of Pennsylvania. The post Judith Romano Joins Pincus Law Group’s Pennsylvania Office appeared first on DSNews. The post Judith Romano Joins Pincus Law Group’s Pennsylvania Office appeared first on Appraisal Buzz.

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More Trending

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Smart Inspections

Appraisal Buzz

I was recently contacted by an individual with a question. This woman said that she has been using an iPad for years to do her mobile inspections, but had heard … Read More. The post Smart Inspections appeared first on Appraisal Buzz.

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loanDepot sues CrossCountry for “poaching” high-performing LOs in New York

Housing Wire

Anthony Hsieh, founder and CEO of loandepot. Even in a downturn, the loan officer recruiting wars remain fierce. Beleaguered nonbank lender loanDepot is suing rival lender CrossCountry for allegedly dozens of poaching high-performing loan officers from its New York branches. They’re at least the third lender to sue CrossCountry for poaching over the last two years.

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MBA Expects Commercial Lending Decrease in Second Half of 2022

Appraisal Buzz

Total commercial and multifamily mortgage borrowing and lending is expected to fall to $733 billion this year, down 18% from 2021 totals ($891 billion), according to an updated baseline forecast from the Mortgage Bankers Association (MBA). “The rapid changes taking place across space, equity and debt markets are having a significant effect on commercial and multifamily real estate transaction volumes,” says Jamie Woodwell, MBA’s vice president for commercial real estate researc

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FHFA opens fintech office and seeks feedback on mortgage fintech

Housing Wire

Fannie Mae and Freddie Mac ’s regulator imagines a future where, perhaps through artificial intelligence and machine learning, errors in mortgages are identified in real time before a loan is closed. Automating compliance could make eligibility, as well as pricing and pooling decisions, and verify and validate that information. But that scenario is a long way off.

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[Video] Key Takeaways From Our Q2 Office Hours

GoForrmz

Our first ever GoFormz Office Hours highlights key updates, upcoming improvements, and new educational resources. We had a lot to cover in our first ever GoFormz Office Hours , a quarterly webinar hosted by our Senior Director of Product, Kelsey Griswold, and our Director of Customer Success, Alicia Bryan. In today’s webinar we highlighted a variety of powerful new and upcoming updates and resources, including: Our new File Attachment field: Users can now seamlessly attach external files to thei

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Don’t Fall For These 6 Real Estate Scams

McKissock

Getting involved in real estate can be both rewarding and lucrative. Whether you’re a novice home flipper, a licensed professional or fall somewhere in the middle, real estate done right can be financially life-changing. If you’re looking to rent a property or potentially buy a home, there are countless resources and websites to use to narrow down your search.

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Expanded Workflow Functionality Simplifies Automation with New and Updated Triggers

GoForrmz

Collecting data with dynamic digital forms has the power to transform your business. Adding automation once the data has been collected makes an even bigger impact. Many GoFormz users use Workflows to automate their vital business functions. With GoFormz Workflows you can automate a wide variety of tasks, like routing data to other apps, syncing your databases, and so much more.

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Lamacchia Realty Announces Top Producing REALTORS® for Mid-Year 2022

Lamacchia Realty

Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for the Mid-Year 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 first 6 months of the year! Mid-Year 2022 Winners of the Top 10 for the Company are: Cyndi Deshaies received her real estate license in March 2017.

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NAR Urges TAF to Recommend State Licensing Bodies to Require Fair Housing

National Association of Realtors

NAR wrote to the Appraiser Qualifications Board of the Appraisal Foundation urging it to revise the real property appraiser qualification criteria to require fair housing and valuation bias training for both qualifying and continuing education.

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Quitting Corporate to Build a 23-Unit Post-Pandemic Rental Portfolio

BiggerPockets

The beautiful thing about real estate is that there is endless room for growth. While some jobs have a capped amount of opportunity, real estate encourages constant advancement. Today’s guest, […].

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Driving Toward Vehicle Charging Capabilities for the Home

Will Springer Realtor

The price of gas is on everyone’s mind – unless you don’t own a vehicle. Only a year ago, Seattle-area drivers were paying about $3.90 a gallon for unleaded regular gasoline. Today, well, I don’t even want to talk about it! It is moments like these when consumers make the difficult (dare we say “bold”?) choice to ditch their gas-powered vehicles for something with an electrical outlet.

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How is technology impacting Canada's mortgage industry?

Mortgagebroker News

Leading executives on their companies' approach to tech in the mortgage space

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Where are Santa Clara County’s Earthquake Faults and Flood Plains?

San Jose Real Estate

Earthquake faults and flood plains are of interest to home buyers throughout the Golden State and to their lenders, too. Part of the home sale and home buying process is to provide information on these risk factors so that consumers (and their lenders) can make an informed decision. Natural Hazard Reports are included in the […].

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What's next for Canada's housing market?

Mortgagebroker News

A recent rate jump marks a "hammer to housing" according to a BMO economist

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The Role of an Attorney in a Real Estate Transaction

Eppraisal

In many states across the country, it is required to have an attorney's representation for real estate transactions. In others, it is optional; for some, it is not common at all. Unsure if you should hire an attorney to represent you in your real estate transaction, ask your real estate agent or mortgage lender. A real estate attorney has quite a few roles in a real estate transaction.

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Saskatchewan impresses with surge in housing starts

Mortgagebroker News

The province continues to be an economic head in Canada, minister says

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Modern appraisals meet the digital age | Clear Capital in the News

Clear Capital

Story by Kenon Chen. Technology has upended our lives, from the way we meet, to how we order from restaurants and grocery stores, and even how we interact with our doctors. On-demand streaming services like Netflix or Amazon Prime have replaced DVD and Blu-Ray Discs, as new tools have made our daily activities easier and more efficient. The mortgage industry has undergone a similar transformation in recent years, with the digital mortgage disrupting what has traditionally been a paper-intensive

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Economist: Rate hike will result in deeper housing correction

Mortgagebroker News

"The latest move by the Bank of Canada will wash away any remaining froth"

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Guide to EaDo / East Downtown Townhomes

Houston Properties

Guide to EaDo / East Downtown Townhomes. Home to some of the best townhomes in the Inner Loop, EaDo is also one of Houston’s most exciting neighborhoods thanks to great access to downtown and fantastic new development projects. East Downtown (EaDo) is a rapidly developing neighborhood adjacent to Downtown Houston. Affluent residential communities, including upscale townhomes, were built on the site of a former industrial area.

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Could mortgage delinquencies increase as rates rise?

Mortgagebroker News

CMHC's latest report has good and bad news on that front

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Sandalwood Homes For Sale

Houston Properties

Sandalwood Homes For Sale. Search all Sandalwood Houston homes for sale, pictures, and prices. Check out Sandalwood homes for sale, townhomes, patio homes & condos. Located near Memorial Park and about 10 to 15 minutes away from Galleria, Downtown Houston and Museum District, Sandalwood is an exclusive subdivision well known for its high-end homes built on sizable lots.

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Indigenous housing project underway for victims of domestic violence

Mortgagebroker News

New 28-bed shelter will focus on indigenous women and children

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Guide To Piney Point Village Luxury Real Estate

Houston Properties

Guide To Piney Point Village Luxury Real Estate. Scan through the most expensive Piney Point homes for sale. The article includes pictures, prices, and floorplans of Piney Point luxury real estate. Piney Point luxury real estate features glamour and affluence, with scenic grounds, long tree-lined driveways, and picturesque homes. The city’s homes are among the most expensive in the state.

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A housing correction is coming to a city near you – if it hasn't already

Mortgagebroker News

HPI observes largest one-month drop

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Stewart Louisiana expands support for commercial title, hires underwriting counsel

Housing Wire

Stewart Title of Louisiana is expanding its support for commercial real estate transactions, through the addition of Ashley Coco as the firm’s Louisiana underwriting counsel, it announced Tuesday. Representatives of Stewart said Coco with provide title agents within the Stewart Trusted Provider Network with underwriting support and solutions for their title insurance transactions within the state of Louisiana.

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Housing Starts Slowed in June For Third Straight Month

Appraisal Buzz

Housing starts slowed in June, dropping to a seasonally adjusted annual rate of 1.559 million, a decrease of 2.0% compared with May and a decrease of 6.3% compared with June 2021, according to estimates from the U.S. Census Bureau and U.S. Department of Housing and Urban Development. Starts of single?family homes were at a rate of 982,000, a decrease of 8.1% compared with May.

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Higher mortgage rates, economic uncertainty behind declining home purchase applications

Housing Wire

New home purchase applications dropped 12% year over year in June due to higher mortgage rates and economic uncertainty, according to the builder application survey from the Mortgage Bankers Association (MBA). Month over month, application volume dipped by 10%. . New residential construction and permitting activity weakened from March through May, which reduced the number of homes available for home buyers, according to survey results.

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Dip in Housing Starts Boosting Inventory

Appraisal Buzz

While single?family housing starts were down in June, home buyers today are presented with more options, as new-home inventory is accounting for a bigger share of the total housing supply. The post Dip in Housing Starts Boosting Inventory appeared first on DSNews. The post Dip in Housing Starts Boosting Inventory appeared first on Appraisal Buzz.

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