Fri.Dec 09, 2022

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How boutique lender Revolution Mortgage plans its expansion

Housing Wire

Margin compression, higher mortgage rates, and a purchase-focused market are dictating more sales process control among loan officers and fewer layers of bureaucracy in retail lenders. This change will create a disruption from the cookie-cutter, non-personalized model, Brian Covey, former vice president of regional production at loanDepot , who took on an executive vice president position at a boutique lender Revolution Mortgage , said.

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Concrete Prices, Volatility Continue Torrid Pace as Lumber Normalizes

Eyes on Housing

The prices of building materials decreased 0.3% in November (not seasonally adjusted) following 0.5% and 0.1% declines in September and October, respectively, according to the latest Producer Price Index (PPI) report. The index has decreased five of six months for the first time since 2015. The PPI for goods inputs to residential construction, including energy, fell 0.8% in November.

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Housing industry jobs disappearing amid fears of a prolonged recession

Housing Wire

With only three weeks until 2023 arrives, housing industry executives are adjusting their operations to face what is expected to be another challenging year. . The Federal Reserve will continue its fight to tame inflation — with its seventh consecutive interest rate hike expected from its December 13 and 14 meeting — despite looming concerns of a prolonged recession.

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5 Resources for Understanding the Green Home Market

McKissock

Interested in appraising green homes? If you want to become a specialist in this growing appraisal niche, an important step is to make sure you understand the prevalence of green homes in the global and local real estate markets. You can gain technical knowledge by researching and reading architectural, marketing, and building articles, as well as technical papers about green homes.

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U.S. Bank inherited a wholesale lending business. It’s shutting it down

Housing Wire

Minneapolis-based U.S. Bank has decided to close the wholesale mortgage businesses it inherited in the acquisition of California-based MUFG Union Bank , the company confirmed on Friday. . “This is a business that U.S. Bank exited a few years ago to focus on customer relationships in core lending categories,” a spokesperson for U.S. Bank wrote in a statement to HousingWire.

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Jim Major Sworn in as Massachusetts Association of REALTORS® 2023 Treasurer

Lamacchia Realty

December 8, 2022 – The Massachusetts Association of REALTORS ® Board of Directors has officially sworn in Jim Major as the 2023 Treasurer! This achievement comes only three months after it was announced Jim was awarded REALTOR® of the Year by the Greater Boston Association of REALTORS®. For the past decade, Jim has served the REALTOR® organization in a variety of leadership roles at the local, state, and national levels.

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Amy Wallick Sworn in as Massachusetts Association of REALTORS® 2023 President-Elect

Lamacchia Realty

December 8, 2022 – The Massachusetts Association of REALTORS® Board of Directors have officially sworn in Amy Wallick as the 2023 President-Elect. Amy, a REALTOR® out of our Beverly branch office , will be MAR President in 2024. “I feel so fortunate to be a part of this organization and it has been an absolute privilege to work alongside and learn from some of the best professionals in our industry.

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End of rate hikes could be in sight: BMO's Porter

Mortgagebroker News

"I don’t think it's a done deal that they're finished by any means – but at least they left open the possibility"

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Rookie Reply: How to Get a Better Price on That Off-Market Property

BiggerPockets

Foreclosures have slowly been creeping up as real estate values get hit hard. With home prices dropping and a tough economic forecast ahead, could a wave of foreclosures be on […].

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Borrowers turning their back on variable rates, says CMHC

Mortgagebroker News

Canadians are also gravitating towards shorter fixed terms, national housing agency shows

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3 Reasons Why You Should Buy a Short Term Rental in Houston in 2023

Mashvisor

Are you looking to invest in short term rental Houston in 2023? Keep reading to find out what the Houston real estate market looks like.

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How soon are interest rates likely to stabilise?

Mortgagebroker News

Avison Young outlines factors that could affect near-future rate movements

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ATTOM’s Rick Sharga on a data-driven housing industry

Housing Wire

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s TECH100 award are open now through Friday, December 23, 2022. Click here to nominate your organization. As the housing market continues to throw curveballs, easy access to reliable real estate data has become a linchpin for housing professionals as they attempt to navigate an ever-changing market.

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What will determine the Bank of Canada's next policy decisions?

Mortgagebroker News

Central bank's deputy governor lays out near-future strategy

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ProTip: Add an eSignature Field to Your Digital Form

GoForrmz

Collect an E-SIGN Act-compliant digital signature on your electronic document with the eSignature field today From lease agreements and quality assurance inspections to signing off on digital invoices , signatures are collected every day in every industry. Rather than relying on paper forms to capture signatures or utilizing a separate e-signature software from your digital form provider, GoFormz can capture all your critical information in one digital document.

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Nexus Industrial REIT closes $81.3 million deal

Mortgagebroker News

REIT is looking to acquire major industrial assets

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How to Reduce Appraisal Revision Requests

Appraisal Today

How to Reduce Appraisal Revision Requests. By Clear Capital November 14, 2022. Excerpts: To cut down on appraisal revision requests, it is important to keep these best practices in mind: Communicate in a timely manner. Address the request thoroughly and professionally. Add additional commentary where appropriate. Ask questions. If you disagree with the request for appraisal submissions or have concerns or need clarification, please reach out for clarification. 1.

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Canadian banking regulator announces boost to extra capital buffer

Mortgagebroker News

It significantly expands offering

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Commercial Real Estate Agent vs Broker vs Realtor: What’s The Difference?

The Robert Weiler Company

When you think of the terms commercial real estate agent, broker, or realtor, do you use them interchangeably? We often give a name to someone who helps clients buy or sell commercial real estate without considering each unique position, their responsibilities, education, certification or licensing, and expertise. Muddying the waters further, each state in the country has different licensing requirements professionals must achieve to list and sell commercial properties.