Fri.Jul 22, 2022

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Marcia Davies to speak at HW Annual Oct. 3-5

Housing Wire

Women are not only dominating in the mortgage and real estate industry, but also they are making room at the table for a new generation of women to do the same. To help fuel this growth for future and current women, HousingWire is thrilled to have Marcia Davies, a HousingWire Women of Influence and the founder of mPower — an organization that helps women in the real estate finance industry expand their reach — at the Women of Influence Forum.

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Dennis Hermonstyne Jr. Leads Compliance Programs at Freddie Mac

Appraisal Buzz

Dennis Hermonstyne Jr. is joining Freddie Mac as senior vice president and chief compliance officer (CCO) as of September 19. He brings over 20 years of experience managing compliance programs for national banks and international financial services companies to Freddie Mac. Hermonstyne will be a member of the company’s senior operating committee and report directly to CEO Michael DeVito and work closely with chief risk officer Anil Hinduja.

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Guaranteed Rate moves beyond mortgage

Housing Wire

Guaranteed Rate is looking to diversify its product mix amid the mortgage downturn. The mortgage lender has rolled out its first personal loan product. Customers can apply for personal loans in 10 minutes and receive funds between $4,000 and $50,000 within hours, the firm said Tuesday. The unsecured loan, which doesn’t have origination fees, late fees, nor non-sufficient funds fees, has flexible repayment options from one to five years, according to Guaranteed Rate.

Mortgage 397
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Solving Housing Instability Through Vouchers and GSE Reform

Appraisal Buzz

Industry experts took to Capitol Hill to discuss the state of the market and share their insight on ways to create equitable housing opportunities for all nationwide. The post Solving Housing Instability Through Vouchers and GSE Reform appeared first on DSNews. The post Solving Housing Instability Through Vouchers and GSE Reform appeared first on Appraisal Buzz.

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Non-QM lenders are racing to stay ahead of rates

Housing Wire

Non-QM lender First Guaranty Mortgage Corp. (FGMC) filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. Sprout Mortgage imploded in early July, leaving its employees out in the cold. The lender so suddenly shuttered its doors it failed to file advanced notice of the layoffs, as required under federal law.

Lending 384
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Katie Jones Tapped to Lead HR at Fannie Mae

Appraisal Buzz

Experienced human resources executive joins GSE to attract, retain, engage, and develop talent. The post Katie Jones Tapped to Lead HR at Fannie Mae appeared first on DSNews. The post Katie Jones Tapped to Lead HR at Fannie Mae appeared first on Appraisal Buzz.

More Trending

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Federal Valuation Agency Impact on Appraisers & the Public

Appraiserblogs

To establish an independent agency to be known as the Federal Valuation Agency that would oversee the appraisal industry in the name of “equity.” VaCAP has been informed of a Discussion Draft of a Bill introduced into the US House of Representatives that will directly impact every appraiser, appraiser trainee, appraisal firm, and appraisal management company.

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Flyhomes lays off 20% of its employees as housing demand falls

Housing Wire

Flyhomes is the venture capital-fueled real estate company to fall victim to the slowdown in the housing market, opting to lay off 20% of its staff this week. To operate in a fiscally “prudent and sustainable” manner in the face of uncertain economic conditions, Flyhomes said it made the “difficult decision to reduce the size of our team,” in a LinkedIn post on Thursday. . “The past few months have brought the largest interest rate hike in nearly 30 years, and that has im

Brokerage 384
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Bea Murphy Qualifies for 2022 Lamacchia Realty President’s Club

Lamacchia Realty

Bea Murphy has once again qualified for Lamacchia Realty’s President’s Club! Bea is a member of the 2019 , 2020, and 2021 President’s Club, making it her fourth year achieving the distinction. In order to qualify, Bea had to surpass $16 Million in sales volume or 33 transactions- she achieved BOTH! This is a tremendously impressive feat but comes as no surprise to anyone who knows or works with Bea.

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HW+ Member Spotlight: Omar Ennabe

Housing Wire

This week’s HW+ member spotlight features Omar Ennabe, who serves as president at Ennkar , a reverse mortgage lender. Below, Ennabe answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? Omar Ennabe: I enjoy reading anything Chris Clow writes. Chris Clow helps keep me apprised of what’s going on in my unique niche of the mortgage markets.

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How Should You Invest in Short-Term Rentals Through a Recession?

BiggerPockets

One of the most frequently asked questions I’ve gotten in the last year has been about how I got into short-term rental investing. The answer? I started when I was […].

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Last call for Vanguard Nominations

Housing Wire

HousingWire’s Vanguard award program honors executives in housing who have become leaders in their respective fields and are moving markets forward, each and every day. And today marks the last day of the 2022 nomination period for this prestigious award. We encourage a wide range of leaders to apply for consideration for this unique and powerful recognition, one of the only of its kind in the industry.

Marketing 369
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Canadians' debt concerns surge amid rising rates

Mortgagebroker News

Almost one in four borrowers are not prepared to deal with rates rising by 1%

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Boston 25 Zip Trip: Auburn

Lamacchia Realty

Boston 25 Zip Trips are back and Lamacchia Realty will be there all summer long ! Today we visited Auburn, MA where Anthony Lamacchia discussed the current housing market, the local area, and so much more! Check out the video to the right to learn what the market is up to in that area! The post Boston 25 Zip Trip: Auburn appeared first on Lamacchia Realty.

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Recent deal exemplifies Community Trust's "We Care" attitude

Mortgagebroker News

As rates continue to climb, flexible program options are increasingly critical

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Multi-Family Homes For Sale in Houston, TX

Houston Properties

Multi-Family Homes For Sale in Houston, TX. Find multi-family homes for sale in Houston by price, neighborhood, and floorplans. Multi-family homes are available in Houston for anywhere from $130,000 to $1,000,000 or more, depending on the size, occupancy, location, and condition. Multi-family homes are becoming an easier solution to buying a larger more expensive home for close family and friends.

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BC's speculation tax to cover six more regions

Mortgagebroker News

Province is hoping to achieve the same success it observed in the last four years

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Paige Martin, The Best Houston Realtor

Houston Properties

Paige Martin, The Best Houston Realtor. Learn more about the best Houston realtor, Paige Martin. Check her client feedback, testimonials, and ratings here. Clients: “Paige Martin is the best Houston realtor”. Paige Martin, Broker Associate with Keller Williams Realty, and the Houston Properties Team are ranked among the top residential Realtors in the world.

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How is Canada's economy dealing with the Russia/Ukraine war?

Mortgagebroker News

Russia's February invasion has had a significant global economic impact

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Keeping Your Home Safe When You Have an Open House

Eppraisal

Even in today's age of fast selling homes and rising values, agents are hosting open houses. Real estate open houses can be a prime opportunity for criminals. It is important to keep your home safe during an open house. Your real estate agent's safety is also extremely important. Home Security Systems If you do not already have a home security system with cameras, it might be a good idea to have one installed before you sell your home.

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Home Value Of My House: Tips for Pricing Your Houston Home

Houston Properties

Home Value Of My House: Tips for Pricing Your Houston Home. Asking yourself, "What is the home value of my house in Houston"? Use this Houston home valuation tool from HoustonProperties.com. Value Your Home. Planning to sell your home but overwhelmed with all the steps to take? You can start by knowing the value of your home. Pricing your home right is not an easy process.

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How much do you need to afford a home in Toronto and Vancouver?

Mortgagebroker News

Income still lags behind falling home prices

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GSEs bolster diversity with senior hires

Housing Wire

Both Fannie Mae and Freddie Mac this week made two senior hires that increase diversity in leadership at the enterprises, where the leadership skews toward white and male. At Freddie Mac, Dennis Hermonstyne Jr., who previously worked at Santander Bank , will assume the role of senior vice president and chief compliance officer. Starting Sept. 19, he will report directly to Freddie Mac CEO Michael DeVito, and work closely with Anil Hinduja, Freddie Mac’s chief risk officer.

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Extra $18,000 needed to pass the mortgage stress test

Mortgagebroker News

Expert says OSFI made a "glaring mistake"

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Fannie Mae notches two more CIRT deals  

Housing Wire

Fannie Mae has executed two new Credit Insurance Risk Transfer (CIRT) deals — the seventh and eighth of 2022 — dubbed CIRT 2022-7 and CIRT 2022-8. The two transactions convey a combined $1 billion in mortgage credit risk to private insurers and re-insurers as part of the agency’s ongoing effort to share risk with the private sector. Since the CIRT program ’s inception in 2013 to date, Fannie Mae has acquired some $21 billion in insurance coverage on a total of $709 billion of single-family loans

Insurance 370
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Foot traffic is at a pandemic high across every major city

Mortgagebroker News

The remote work setup has become a distant memory

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First American: Rising Mortgage Rates, Stagnant Incomes Create Home Affordability Crisis

Appraisal Buzz

First American Financial Corp. ’s May 2022 First American Real House Price Index (RHPI) shows real house prices increased 50.8% year over year but median household income has only increased 4.6% since May 2021 and 71.7% since January 2000. The index measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state and metropolitan area levels.

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Houston fugitives in custody on mortgage fraud charges

Housing Wire

Three alleged charlatans from Houston have been nabbed by federal authorities and taken into custody on charges related to mortgage fraud, credit repair and government loan fraud, the Department of Justice said on Friday. The DOJ claims that Heather Ann Campos , David Lewis Best Jr. and Stephen Laverne Crabtree were evading law enforcement for “several months.

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How to Find Multifamily Investment Properties

Mashvisor

If you wish to learn more about how to find multifamily investment properties and add them to your investment portfolio, here’s a guide.

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As Prices Rise, Homes Stay On the Market Longer

Appraisal Buzz

As costs continue to rise and buyers are priced out of their local market, Redfin has found that the length of time a home is on the market for is rising as a result. In the four weeks preceding July 17, a new report from Redfin authored by Tim Ellis revealed that the average single-family … The post As Prices Rise, Homes Stay On the Market Longer appeared first on DSNews.

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The Share of Wood-Framed Homes Increased in 2021

Eyes on Housing

Lumber prices have been on a roller-coaster ride over the past two years and reached to an all-time high price of $1,515 per thousand board feed in the week ending May 21, 2021, as reported by Random Lengths. However, despite higher lumber prices and ongoing supply-chain issues, wood framing remains the most dominant construction method for single-family homes in the.

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Houston Heights Townhomes For Sale

Houston Properties

Houston Heights Townhomes For Sale. Compare Houston Heights townhomes for sale, pictures, and real estate trends. The Houston Heights neighborhood nestled northwest of Downtown Houston , bordered by I-10 on the south, 610 on the north, 45 on the east, and Shepard on the west. Due to continuous development, homes in Houston Heights have undergone significant property appreciation and development over the past decade.

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2022 Massachusetts Mid-Year Report

Lamacchia Realty

This Lamacchia Mid-Year Housing Report presents overall home sale statistics as of the first six months of 2022 compared to the same period last year, January 1 st to June 30 th , 2021. Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Massachusetts along with the number of homes listed for sale, placed under contract, and price adjustments.

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Guide To River Oaks Houston Townhomes

Houston Properties

Guide To River Oaks Houston Townhomes. View all River Oaks Townhomes for sale. Compare prices, pictures, and locations of River Oaks Houston properties for sale. River Oaks is an exclusive and upscale neighborhood bordered by Buffalo Bayou to the north, Shepherd Drive to the east, and East Briar Hollow Lane to the west. The Inner Loop location allows River Oaks homeowners easy access to main Houston hubs.