Wed.Apr 19, 2023

article thumbnail

NAMB welcomes legislative proposal to ban use of trigger leads

Housing Wire

The National Association of Mortgage Brokers (NAMB), an association representing the interests of individual mortgage loan originators and small to midsize mortgage businesses, is welcoming the introduction of a bill that would end the sale of trigger leads. The bill, H.R. 2656, was introduced by Representative Richie Torres of New York on April 17, and would amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads — which the association has been urging Congress to

article thumbnail

Mistakes To Avoid While Buying Traditional Wall Art for Your Living Room

Cleveland Appraisal Blog

Hello friends! I hope you’re doing well! Are you staging a home, or just looking to freshen up your place? This week I welcome back guest blogger Ashley Rodriguez, with bins4less , who wrote this article for me to share with you. She shares some things to think about regarding traditional wall art. I hope you enjoy this article! Decorating your living room with traditional wall art is a great way to infuse some personality and character into your home.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rocket faces amended refi lawsuit with fraud, TILA violation claims

Housing Wire

Owners of a North Carolina property have filed an amended lawsuit against Rocket Mortgage that claims the lender rejected a refinance application in order to impose a higher rate. In an amended complaint, filed Monday, two couples — John Speicher and his wife, Patricia Giles, from Wyomissing, Pennsylvania, and Jeremy and Courtney Speicher from Concord, North Carolina — allege that Rocket created a “bait-and-switch” scenario in which the lender gave the borrowers a lower rate initially but term

Contracts 381
article thumbnail

Rising spring prices and appraisers checking the “declining” box

Sacramento Appraisal Blog

The housing market has really started to heat up lately, and today I want to talk about how I’m thinking about prices right now. I also have some thoughts about checking the “declining” box. Scroll by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 5/4/23 Housing Market Q&A 12-2pm 5/10/23 Empire Home Loans event TBA 5/18/23 SAFE […] The post Rising spring prices and appraisers checking the “declining” box first appeared on Sacramento Appraisal Blog | Real Est

Appraisal 172
article thumbnail

Mortgage apps decline as first-time buyers pull back from the market 

Housing Wire

As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. However, with limited for-sale housing inventory, these higher rates are primarily challenging for potential first-time homebuyers. Overall, mortgage applications fell last week by 8.8% from one week earlier on a seasonally adjusted basis, per the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.

Buyers 381
article thumbnail

Three Ways to Pick Comps? Part II

George Dell

The three ways are: 1) pick using good judgment; 2) draw random sample; or, 3) use all relevant sales. Editor’s Note: This is part 2 of the series ‘Three Ways to Pick Comps‘ When I became an appraiser, good judgment ruled. Commercial data was not available, and the MLS comp book came out every three […] The post Three Ways to Pick Comps?

Appraisal 150

More Trending

article thumbnail

30% of Adults Work from Home at Least 2 Days a Week

Eyes on Housing

Findings from a recent national poll* that reveal 30% of American adults typically work from home at least two days a week could offer clues to the long-term financial health and value of commercial office space in the United States. How this share evolves over time, whether it drops due to employers tightening work-from-home policies or it grows due to.

167
167
article thumbnail

Recent CFPB advisory opinion may mean cheaper Google Ads for lenders

Housing Wire

In February , the Consumer Financial Protection Bureau issued an advisor y opinion addressing how certain mortgage comparison site platforms could potentially be violating the Real Estate Settlement Procedures Act (RESPA) section 8. According to the advisory opinion, if the mortgage comparison site “provides enhanced placement or otherwise steers consumers” to certain operators based on compensation, an operator would be in violation of the RESPA section 8.

article thumbnail

Texas RPACs are backing anti-LGBTQ+ candidates. Get angry

Inman

Realtors, through local, regional and state RPACs are providing financial support for elected officials who are discriminating as they write and support anti-LGBTQ+ bills in statehouses across the nation. It's time to stand up, says Ryan Weyandt, CEO of The LGBTQ+ Real Estate Alliance. Here's what you can do.

Realtors 148
article thumbnail

FNMA Property Data Collectors Program Violates WV Law

Appraiserblogs

The Fannie Mae Property Data Collectors program seems to have run afoul of West Virginia law. This program allows for the collection of data related to real estate appraisals by unlicensed third-party data collectors, which is in direct violation of article 38 of the state’s Real Estate Appraiser Licensing and Certification Act. The act specifically states that only a casual or drive-by inspection can be performed when it comes to consumer loans secured by real estate, and no opinion can be rend

Law 145
article thumbnail

Real Brokerage CEO: ‘At times like these, new leaders are crowned’

Inman

The Real Brokerage founder and CEO Tamir Poleg shares how his rapidly growing business scooped up so much market share last year against the odds — and what the market holds in the days ahead.

Brokerage 148
article thumbnail

3 Ways Digital Forms Can Streamline Your Solar Energy Business

GoForrmz

Streamline your solar business with digital data capture and powerful automations With the escalating demand for renewable energy, the solar energy industry is rapidly growing. In order to sustain that growth, it’s crucial to ensure business operations are running smoothly and efficiently. Incorporating digital forms gives you better control over your business and captures better data faster, all in a scalable solution.

article thumbnail

Engel & Völkers gets Rocky Mountain high in Pagosa Springs

Inman

The shop marks the brokerage's 12th location in the state of Colorado and has been built out of the firm previously known as The Source for Pagosa Real Estate, led by founders Mike and Lauri Heraty.

Brokerage 152
article thumbnail

Fannie Mae director outlines specifics relating to Selling Guide update

Valuation Review

A conversation with Fannie Mae's Lyle Radke. #SellingGuideAnnouncement #SEL202302 #appraiserupdates #modernization.

article thumbnail

Median home price tallies largest annual drop in more than a decade

Inman

Pandemic-era boomtowns and tech hubs fueled an annualized 3.3 percent drop, to $400,528, according to new data. "There’s this fear that everything will crash," reports one Redfin agent in Boise, Idaho.

Agents 148
article thumbnail

FHFA to host appraisal bias hearing

Valuation Review

FHFA to host second appraisal bias hearing.

Appraisal 113
article thumbnail

Denver Metro to provide teams app, Shaker, as member benefit

Inman

Shaker is a mobile-first solution on both iOS and Android operating systems used in managing listings and transactions and automating tasks and deadlines, among key business processes.

Business 152
article thumbnail

Follow These Rules When Staging Your Home to Sell

Lamacchia Realty

FOLLOW THESE RULES WHEN STAGING YOUR HOME TO SELL There is an art to selling homes. A large portion of that pertains to your agent’s skills and techniques, but don’t discount what the sellers can do as well. Once a seller has the right agent, most likely, the next task will be to prepare the home for sale by staging it for showings and pictures.

article thumbnail

So-called ‘incentive splits’ are golden handcuffs for agents

Inman

These contract terms incentivize agent retention by creating an ever-growing bill that must be paid before leaving for a new brokerage.

Agents 148
article thumbnail

Streamline Your Airbnb Earnings With Dynamic Pricing Automation

Mashvisor

By relying on dynamic pricing automation, Airbnb hosts can leave the math to the tool and focus more on providing exceptional guest experiences.

Tools 68
article thumbnail

Commission compression depression? 4 steps to ease the pain

Inman

Do your clients focus on price or potential? Whether it's your commission or their home price, their attitude will make all the difference.

Clients 152
article thumbnail

HUD begins strengthening standards for housing conditions

Valuation Review

HUD published the proposed scoring notice for the National Standards for the Physical Inspection of Real Estate.

article thumbnail

Millennials and Gen Z have a plan for buying homes: Scratch and win

Inman

A majority of those born between 1981 and 2013 believe they’d need to win the lottery to be able to afford a home in the U.S., according to a new study by Zillow.

Brokerage 152
article thumbnail

It’s Spring! Here Are 10 Ways To Apply Some Spring Cleaning To Your Business

BiggerPockets

Now that it's spring and you've paid your taxes, it's time to reflect on the progress you've made on your goals this year and make adjustments.

article thumbnail

Pulse: What’s your best real estate conversation starter?

Inman

Breaking the ice can be a challenge. This week on Pulse, we want to know your best conversation starters to strike up a real estate chat with anyone, anywhere.

article thumbnail

Is the luxury real estate market poised for a major take-off this year?

Mortgagebroker News

Previously sidelined sellers and buyers are eager to transact in the seasons ahead, new report says

article thumbnail

Condos are confusing. This cheat sheet should clear things up

Inman

What you don't know can hurt you and your clients. Find out everything you need to learn about detached or site condos.

Clients 148
article thumbnail

How a Barber Went from $12 Clips to Six-Figure Cash Flow in 10 Years

BiggerPockets

Most people buy rental properties on purpose, but most people aren’t Rick Morin. Rick is what we would call an “accidental investor.

article thumbnail

The ‘Great Reshuffling’ is more complex than we realized

Inman

The dust has begun to settle from the great pandemic home-price boom and bust. An Intel deep-dive analysis sheds light on which markets have been hit hardest by falling prices — and why.

Marketing 147
article thumbnail

Commercial firm celebrates anniversary

Valuation Review

Valbridge Property Advisors is celebrating its 10th anniversary.

78
article thumbnail

Legislation aimed at banning mortgage trigger leads is back

Inman

Despite lobbying by mortgage trade groups, two previous bills failed to attract cosponsors and died in the House Committee on Financial Services without a second reading.

Mortgage 150
article thumbnail

Higher mortgage renewal rates: How problematic will they be?

Mortgagebroker News

The Bank of Canada has highlighted a big trend coming down the line

article thumbnail

DOJ, FDIC recognize PAVE anniversary

Valuation Review

Justice Department, FDIC recognizes PAVE anniversary.

60
article thumbnail

Macklem provides update on thinking behind latest BoC decision

Mortgagebroker News

Bank governor cites progress in inflation, emphasizes need to restore price stability

68