Housing Wire

JANUARY 31, 2023

First Internet Bank is shutting down its consumer mortgage business due to a steep decline in mortgage volumes and the negative outlook for mortgage lending that is forecasted to continue for the next several years. First Internet Bancorp , parent company of First Internet Bank, announced that the exit will include its nationwide digital direct-to-consumer mortgage platform, which originates residential loans for sale in the secondary market.

Business 420

Business Mortgage Lending Insurance 420

Eyes on Housing

JANUARY 31, 2023

Dwindling housing affordability in the fourth quarter of 2022 caused the share of prospective home buyers who are actively engaged in the purchase process (i.e. who have moved beyond just the planning phase) to drop to 46%, down from 59% a quarter earlier. The share of prospective buyers fully engaged in the buying process declined in every region between the.

Buyers 185

Buyers 185

Housing Wire

JANUARY 31, 2023

Yearly home price growth continued to cool in November as mortgage rates reached some of their highest levels in decades, which resulted in annual home price gains shrinking for the eight consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. Nationwide, home prices posted an annual gain of 7.7% in November, bringing the index to a reading of 297.29.

Housing Market 419

Housing Market Contracts Buyers Marketing 419

The Appraiser Coach

JANUARY 31, 2023

Do you have a virtual assistant hired? Many appraisers have found this to be a great way to get needed tasks accomplished without having to do them yourself. You may.

Appraisal 150

Appraisal Inspection Advertising Real Estate Agent 150

Housing Wire

JANUARY 31, 2023

New York Community Bancorp, Inc. (NYCB) confirmed it’s closing 69% of the retail home lending offices outside of its branches after acquiring Michigan-based Flagstar Bank. “We made the strategic decision shortly after the transaction closed to swiftly restructure the business, which occurred in January,” Thomas Cangem, NYCB president and CEO, said in a statement.

Retail 389

Retail Mortgage Lending Business 389

Inman

JANUARY 31, 2023

Cold calling can be an intimidating prospect for many real estate agents, but it doesn’t have to be, writes renowned trainer Darryl Davis. Real estate agents can turn cold calls into warm leads with practice and preparation, and as it becomes second nature, they will ultimately drive more sales for their business.

Real Estate Agent 170

Real Estate Agent Real Estate Agents Business 170

Inman

JANUARY 31, 2023

The Case-Schiller index posted a 7.7 percent annual gain in home prices — down from a 9.2 percent gain in October — while the FHFA index showed a 0.1 percent decline in prices between October and November.

Marketing 164

Marketing Finance Agents 164

Housing Wire

JANUARY 31, 2023

Calque, a company that partners with lenders to offer non-contingent mortgages to homebuyers, has appointed Dan Mugge as its chief operating officer. Mugge, a mortgage industry veteran with more than two decades in technology and business management, will lead the company’s push to secure high-profile mortgage lending partners to offer Calque’s products.

Real Estate Agent 356

Real Estate Agent Mortgage Lending Technology 356

Inman

JANUARY 31, 2023

The standard for appropriate business attire is always a moving target, especially in real estate. How should residential real estate brokers navigate this ever-shifting playing field, one full of landmines in every direction?

Agents 157

Agents Real Estate Business Brokerage 157

Eyes on Housing

JANUARY 31, 2023

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 65.9% in the last quarter of 2022, which is statistically unchanged from the fourth quarter reading (66%). It is 0.4 percentage points higher than the rate in the fourth quarter of 2021. The national rental vacancy rate dipped slightly to 5.8%, and the homeowner vacancy rate inched.

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Inman

JANUARY 31, 2023

Your mind is powerful, and these approaches will help you maximize your mindset and take a leap into new next-level territory. Trust yourself, your strengths and your intuitions and you’ll have a year to be proud of.

Business 157

Business Brokerage Agents 157

Appraiserblogs

JANUARY 31, 2023

Fannie’s big news about embracing the “invisibles,” under the pretext of helping the underserved, Fannie announced it had tweaked the knobs and dials on its impenetrable underwriting algorithm in order to fit “credit invisibles” for mortgages. In the final scene of the 1990 mob masterpiece “Goodfellas,” wise guy Henry Hill recalls his life as he enters federal witness protection.

Government 107

Government Appraisal Mortgage 107

Inman

JANUARY 31, 2023

Even the most expensive cities — which typically have higher minimum wages — are more affordable than those with $7.25 an hour minimums, according to data released Tuesday by Zillow.

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157

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! Keep reading for a summary of the most common answers we received, as well as quotes from some of the many appraisers who shared their thoughts and insights.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Inman

JANUARY 31, 2023

If you are wondering how to keep the magic alive after a great conference experience, you are not alone. Coach Jeff Glover says that if you make a plan of action of immediate steps to take after the conference you won't lose that upbeat feeling as soon as you walk through your front door.

Real Estate 157

Real Estate Brokerage Agents 157

BiggerPockets

JANUARY 31, 2023

I’m worried about a significant decline (or crash) in commercial real estate valuations, specifically including multifamily, in 2023 and 2024.

Real Estate 73

Real Estate Valuation Housing Market Investing 73

Inman

JANUARY 31, 2023

Top-producing agent Mary Bonham believes that no matter what the market renders, there are key actions we can take as Realtors that’ll improve our business.

Marketing 157

Marketing Realtors Agents Business 157

BiggerPockets

JANUARY 31, 2023

The “Rookie to Real Estate Investor in 90 Days” series is back, and we’re checking in with three mentees as they go from newbies to high-net-worth through real estate!

Real Estate 54

Real Estate Investors Sellers Finance 54

Inman

JANUARY 31, 2023

Nashville, Tennessee-based Fourth Capital Bank is the first to integrate Rocket’s digital mortgage application using a new platform developed by Q2 Software.

Mortgage 157

Mortgage Development Tools Buyers 157

Mortgagebroker News

JANUARY 31, 2023

The long-debated ban on non-resident foreign ownership came into effect at the start of January

Housing Market 67

Housing Market Buyers Marketing 67

Inman

JANUARY 31, 2023

Redfin's new website and app feature will allow homebuyers and renters to save their favorite properties in customized lists and share them with their home search partner to stay organized.

Buyers 156

Buyers Technology Brokerage 156

Mortgagebroker News

JANUARY 31, 2023

"Our focus is really on ensuring that our customers are well prepared to weather what's ahead"

Mortgage 64

Mortgage 64

Inman

JANUARY 31, 2023

As we launch into Leadership Month here at Inman, we're asking you: What does leadership look like today?

Agents 157

Agents 157

Mortgagebroker News

JANUARY 31, 2023

The federal government is slated to draft a budget amid sustained inflationary pressures

Finance 66

Finance Government 66

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. The decision left more than 400 employees without a job, and Miller had two urgent tasks — to find a lender that would close his clients’ loans in the pipeline and would also help him close more sales in an industry that is projected to further downsize.

Mortgage 397

Mortgage Loan Officers Retail Finance 397

Mortgagebroker News

JANUARY 31, 2023

Sustained economic and financial turmoil continue to take their toll on Canadians' collective psyche

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Eppraisal

JANUARY 31, 2023

Having identified a parcel of vacant land -- and negotiated a purchase contract with the seller -- the investor in raw land is now at the point where financing becomes the issue.  There are a number of different options regarding getting the money necessary to acquire the property on which to build a house. However, buyers must consider the cash flow of their business or household while taking an accurate measure of their assets.

Development 36

Development Finance Sellers Home Value 36

Mortgagebroker News

JANUARY 31, 2023

Lower construction costs are helping offset some of the impact of higher interest rates in the construction space

Construction 55

Construction 55

San Jose Real Estate

JANUARY 31, 2023

If you love older residential areas with classic architecture and a canopy of street trees, you'll want to know about the Buena Vista neighborhood in San Jose. Situated between downtown and the Valley Fair & Santana Row areas, close to Burbank and Midtown, it's truly "close to everything" and oozing with charm.

Architecture 36

Architecture 36

Mortgagebroker News

JANUARY 31, 2023

Majority say they've been left burnt out balancing employee expectations with C-suite demands

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58

Will Springer Realtor

JANUARY 31, 2023

You are about to embark on a big project in the home and seek bids from contractors. Knowing the estimated cost for the work is important, sure, but what about other aspects of the plan? Setting expectations before accepting a bid on a home project is just as important. Having a clear understanding of how and when the contractor will work should be helpful to plan your life around the pending job.

Transportation 36

Transportation Business Insurance Home Improvement 36

Mortgagebroker News

JANUARY 31, 2023

Rising benefits costs, accommodation issues are testing employers

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Housing Wire

JANUARY 31, 2023

The Federal Housing Administration (FHA) announced on Monday changes to its loss mitigation options for borrowers struggling to pay their mortgages. The announcement follows the Biden administration’s decision to set an end date for the COVID-19 pandemic national emergency declaration. Meanwhile, the FHA-Home Affordable Modification (FHA-HAMP) options were temporarily suspended to simplify loss mitigation options, according to the FHA.

Mortgage 441

Mortgage Legal 441

Mortgagebroker News

JANUARY 31, 2023

AI-powered platform continues to establish itself as a formidable industry presence

Real Estate 52

Real Estate Technology 52