Thu.Mar 09, 2023

article thumbnail

Fannie Mae rumored to be looking at forgoing title insurance

Housing Wire

The title insurance industry is often bemoaned for being antiquated and making minimal changes, but that has not been the case for the past 12 months. Nearly a year after announcing that it would begin accepting attorney opinion letters (AOLs) in lieu of title insurance in limited circumstances, Fannie Mae is yet again making waves in the title insurance industry.

Insurance 397
article thumbnail

A spring bump in the housing market

Sacramento Appraisal Blog

It’s a bump. Do you feel it? The housing market has been waking up in 2023, and we’re starting to see an uptick in lots of different stats. Let’s talk about it. This post is designed to skim quickly or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 3/10/23 PCAR Market Update Lunch & Learn 3/24/23 How to Think Like […] The post A spring bump in the housing market first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Mortgage rates climb as Fed signals more aggressive rate hikes

Housing Wire

Federal Reserve Chairman Jerome Powell sent a clear message during his U.S. Senate speech on Tuesday morning: Fed officials are likely to deliver higher rate hikes than previously expected to combat persistent inflation. “As I mentioned, the latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated,” Powell said. “If the totality of the data were to indicate that faster

Mortgage 384
article thumbnail

A fifth week of rising mortgage rates dampens hopes for a busy spring

Real Estate News

Freddie Mac’s weekly survey reported yet another jump in the average 30-year mortgage rate, which is approaching its 2022 peak.

Business 240
article thumbnail

FHA publishes final rule on the 40-year loan modification

Housing Wire

The Federal Housing Administration ( FHA ) announced this week that a final rule related to an increased 40-year loan modification term has been published in the Federal Register. The rule allows mortgagees to increase the maximum term of an FHA-insured mortgage loan modification from 360 to 480 months following a default. The FHA also published Mortgagee Letter 2023-06 , which establishes the policies for FHA lenders.

Insurance 370
article thumbnail

Have down payment, will travel

Real Estate News

Relocation picked up in 2022, with buyers seeking out more affordable homes in Florida, Texas and California.

Buyers 256

More Trending

article thumbnail

Agent count up, offsetting losses for top Canadian brokerage company

Real Estate News

Bridgemarq Real Estate Services reported revenue of $49.9 million in 2022 and added more than 500 agents.

Agents 248
article thumbnail

FTC sues to stop ICE-Black Knight merger, says it would “drive up costs”

Housing Wire

The Federal Trade Commission (FTC) on Thursday sued to block the proposed $13 billion merger between Intercontinental Exchange Inc. and rival mortgage software firm Black Knight. The merger would give ICE and Black Knight a significant position in the market for loan origination software, which it could use to push customers to its other mortgage services and products instead of rivals’ offerings, the agency argued.

Legal 370
article thumbnail

Cost of Constructing a Home in 2022

Eyes on Housing

The NAHB recently published its latest Cost of Construction Survey. Results show that 60.8% of the average home sale price consisted of construction costs, essentially unchanged from the 61.1% posted in 2019. Since the inception of this series in 1998, this was the fourth time construction costs represent over 60% of the total price of the home (2013: 61.

article thumbnail

LoanCare to implement Black Knight loss mitigation solution

Housing Wire

Black Knight, Inc. on Thursday announced that mortgage loan sub-servicing provider LoanCare will implement the Black Knight Loss Mitigation solution to support homeowners in need of mortgage payment assistance programs. LoanCare , which services loans for banks, credit unions, independent mortgage companies and portfolio investors, also renewed its contract for Black Knight’s mortgage service software MSP, which includes the system’s abilities to integrate with technologies and data, regulatory

Clients 370
article thumbnail

Gary Keller’s 6 steps for doing more in today’s market

Inman

In this shifting market, agents will have to do more to achieve the same results they were getting before, writes Adam Hergenrother. Here, he breaks down Gary Keller’s formula for doing more and how you can take action to do more and achieve more this year.

Marketing 164
article thumbnail

No Appraisals Required. The End of Appraisers?

Appraiserblogs

No appraisal may be required in the future! Fannie Mae took a direct shot at appraisers with the announcement of changes in their Selling Guide. Two options for the future, both of which do great harm to the appraisal industry. First, “third party” inspections. Appraisal trainees aren’t good enough, so now we will have unlicensed inspectors going through the homes of unsuspecting homeowners.

Appraisal 116
article thumbnail

AI will upend content marketing. 4 ways to stay ahead of the curve

Inman

Focus on creating high-quality pieces that resonate with your target audience and meet their evolving needs. With the right approach, you can stay ahead of the curve in the age of AI-powered search engines.

Marketing 164
article thumbnail

FAQ #10: What Do I Need To Do About Peeling Paint?

Riverfront Appraisals

Recently, I had this question come up from a loan officer. We had just appraised a home they were lending on, and we completed an FHA appraisal. While the house was ok, there was an old storage building on site that had peeling paint on the interior and exterior. We had to call for the […] The post FAQ #10: What Do I Need To Do About Peeling Paint?

article thumbnail

How to maintain a boutique feel as your brokerage expands

Inman

Growth is great, but a business is only as strong as its foundation. As you scale up, continue to prioritize the things that matter most — your clients, your team and your brand.

Brokerage 153
article thumbnail

Southern Home Tour - Glimpses of the South

Hank Miller Team

Let's take a southern home tour Whether it is a historic home or new build, we love the architecture of the south. Our team member and resident photographer, Mary Miller, fills her Instagram (@glimpsesofthesouth) with beautiful southern homes that highlight their architectural details, gardens, and holiday style. She features Historic Marietta homes, Charleston homes, Downtown Woodstock homes include farmhouse style homes, cottage style and old southern mansions - we love them all Southern Home

article thumbnail

NAR appoints top-producing agent Jennifer Wauhob to leadership team

Inman

Jennifer Wauhob, who leads a 7-agent team for Better Homes and Gardens Real Estate Gary Greene in Houston, will take up the role of VP of association affairs following the death of Margo Wheeler earlier this year.

Agents 153
article thumbnail

7 Questions Residential Appraisers Ask Homeowners

Kairos Appraisal Services

When purchasing a home with a mortgage or refinancing, the transaction may require that a home appraisal inspection be done. This is because appraisals assure the lender that they are not issuing mortgages for more than what residential properties are worth. Appraisals are conducted by real estate appraisers, who must meet an educational requirement and… The post 7 Questions Residential Appraisers Ask Homeowners appeared first on Kairos.

article thumbnail

Appraiser ordered to watch exposé on Black homeowners she lowballed

Inman

Paul Austin and wife Tenisha Tate-Austin sued appraiser Janette Miller in 2021 after a lowball quote prompted the couple to pose a white friend as the homeowner for a second appraisal.

Appraisal 148
article thumbnail

Keith Massalski Named Lamacchia Realty’s Employee of the Month – February 2023

Lamacchia Realty

Behind the incredible REALTORS® of Lamacchia Realty is a team of over 75 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views its staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.

Realty 73
article thumbnail

MoxiWorks and Milestones team up to offer digital home management

Inman

The partnership will allow agents at more than 800 brokerages access to post-close software, providing new owners the ability to monitor the financial and operational state of their home.

Brokerage 148
article thumbnail

Bank of Canada keeping options open but could be done on hikes: CIBC's Tal

Mortgagebroker News

The central bank has left its policy rate untouched for the first time in over a year

69
article thumbnail

The future of social media: ChatGPT on Instagram for the win

Inman

Watch the new Inman Access class featuring Michelle Berman, CEO of Berman Media PD, as she walks through best practices and pitfalls to avoid when using ChatGPT to generate social media content.

Agents 148
article thumbnail

Governments support Quebec project for women experiencing homelessness

Mortgagebroker News

Two buildings in Villa-Marie borough will soon be transformed to a 19-room safe space

article thumbnail

LoanDepot founder Anthony Hsieh determined to shake up board

Inman

After being ousted as executive chair, Hsieh says he controls enough voting shares to install veteran real estate executive Steve Ozonian on the mortgage lender's board of directors.

article thumbnail

Canadian consumer debt surges as mortgage costs mount

Mortgagebroker News

Future payment shocks for homeowners are "a real concern", report says

article thumbnail

Realty ONE Group plants flag in Cayman Islands and Cyprus

Inman

The new franchises add to the brand's presence across the globe in more than 400 offices in 49 states, Washington D.C., Puerto Rico, Canada and several other countries.

Realty 148
article thumbnail

2023 Top 50 Best Mortgage Companies to Work For

Assurance Financial

For the second year in a row, Assurance Financial made the National Mortgage News list of the top 50 Best Mortgage Companies to Work For! We value our workplace culture, and it shows. Consideration for this award was based on an employee questionnaire that included topics like role satisfaction, work environment, pay and benefits, training and resources, leadership, and more.

article thumbnail

Instagram and ChatGPT, hiring mistakes and market entry

Inman

Tune in to hear experts discuss the merging of AI and social media, hiring mistakes to avoid, and how agents can nurture their databases.

Marketing 148
article thumbnail

Final week to submit entries for Rising Stars 2023

Mortgagebroker News

Entries for CMP's Rising Stars close this Friday

64
article thumbnail

Broker Spotlight: Lyles Geer, William Means Real Estate

Inman

Learn how this Charleston, South Carolina, broker puts his own unique stamp on family tradition at William Means Real Estate.

article thumbnail

What Is Bonus Depreciation And How Does It Work?

BiggerPockets

Bonus depreciation lets you maximize your return and minimize your tax liabilities.

54
article thumbnail

This 22-year-old agent did $16M in Year 1. Here’s how he did it

Inman

Jimmy Burgess sits down with Noah Escobar, a 22-year-old real estate agent with Berkshire Hathaway HomeServices Beach Properties of Florida closed and contracted over $16 million in sales volume in his first full calendar year as an agent.

Agents 114
article thumbnail

How did 2022 change Canadian homebuying trends?

Mortgagebroker News

New Zolo report reveals all

68