Housing Wire
FEBRUARY 10, 2022
The average 30-year-fixed rate mortgage climbed to 3.69% for the week ending Feb. 3, up eight basis points from the previous week. It’s the highest level since the start of the pandemic, according to the latest Freddie Mac PMMS Mortgage Survey. Before the uptick, the rates remained flat at 3.55% for three weeks, reflecting the impact of the Omicron variant in the economy.
Appraisal Buzz
FEBRUARY 10, 2022
According to a new report from Redfin, homebuyer demand for second homes was up 87% from pre-pandemic levels in January—the highest level in a year, and just shy of the record 90% gain in September 2020. Demand for second-home mortgages is outpacing demand for primary residences, which was up 42% from pre-pandemic levels. The expanding interest … The post Second Home Demand Reaches Highest Level in a Year appeared first on DSNews.
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Housing Wire
FEBRUARY 10, 2022
Zillow CEO Rich Barton. When Zillow stunned the housing world last November by announcing a wind down of its iBuying program – and beginning the process of laying off a quarter of its workforce – the question became what’s next. Suspense built as Zillow has kept a low profile since. On Thursday, we got an answer – A super app. “We are focused on building the ‘housing super app’ – an integrated digital experience in which Zillow connects all the fragmented pieces of the moving process and brings
Appraisal Buzz
FEBRUARY 10, 2022
According to the latest quarterly report from the National Association of Realtors, consumers saw home prices continue to increase in Q4 of 2021, though at a slower pace than Q3. Fewer markets in the last quarter experienced double-digit price gains. While Q3 of 2021 witnessed all regions achieve double-digit price gains, Q4 only saw the … The post Home Price Hike Fueled by Supply, Eager Buyers appeared first on DSNews.
Housing Wire
FEBRUARY 10, 2022
It is no secret that 2021 posed a variety of challenges for the title insurance industry. High demand for housing coupled with low mortgage rates led to an increase in both purchase and refinance transactions, pushing many firms to expand their capacity. Stewart Information Services Corporation was no exception. “2020 and 2021 were two of the best, as well as most challenging years in the title industry as a whole given tremendous changes in the market historically low rates and an ongoing impac
Appraisal Buzz
FEBRUARY 10, 2022
InstaMortgage , a tech-driven mortgage lender licensed in 26 states, has adopted technology provided by Finicity, a Mastercard company, to help consumers make smarter financial decisions through its safe and secure access to fast, high-quality, consumer permissioned data verification during the mortgage lending process. InstaMortgage leverages Finicity’s Mortgage Verifications Services to instantly verify financial information to confirm a borrower’s asset, income and employment status during th
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
FEBRUARY 10, 2022
Lenders must meet the digital demands of today’s savvy consumer, and keep pace with the constant change in tech advances. The post If You’re Not “Obsessed With Customer Service,” You’re Falling Behind appeared first on DSNews. The post If You’re Not “Obsessed With Customer Service,” You’re Falling Behind appeared first on Appraisal Buzz.
Housing Wire
FEBRUARY 10, 2022
Back in August, Christian Wallace spoke effusively about her future at Better.com. The digital lender generated so much money through mortgage refinancing that it bankrolled a formidable real estate division. And Wallace, a former Sotheby’s agent and Opendoor manager, was charged with ensuring the division blossomed. But on Thursday, Wallace said that she gave Better her three-weeks notice of resignation.
Appraisal Buzz
FEBRUARY 10, 2022
A panel of eight industry experts will weigh in and share their insight in guiding the path of its content throughout 2022. The post Advisory Panel Selected by Five Star appeared first on DSNews. The post Advisory Panel Selected by Five Star appeared first on Appraisal Buzz.
Housing Wire
FEBRUARY 10, 2022
Dan Gilbert is the target of a new insider trading lawsuit. A Rocket Companies ’ investor filed a stockholder derivative complaint on Monday that accuses the company’s chairman of using non-public information to sell stocks and avoid material losses. In total, the lawsuit claims that Gilbert pocketed $500 million by selling company stock before reporting poor earnings and guidance.
Appraisal Buzz
FEBRUARY 10, 2022
ATTOM, along with its subsidiary RealtyTrac, has released its latest Foreclosure Market Report for January which has found that there was a total of 23,204 properties with foreclosure filings against them, up 29% from December (which saw 17,971 filings) and up 139% from a year ago. Foreclosure activity has now surpassed numbers seen before the … The post Foreclosure Completion Numbers Continue to Rise appeared first on DSNews.
Housing Wire
FEBRUARY 10, 2022
Reverse mortgage software solutions and loan origination system (LOS) provider ReverseVision announced on Thursday morning that it has been acquired by a division of Toronto-based Constellation Software , a holding company that bought another mortgage LOS in 2019. Staff at San Diego-based ReverseVision was informed of the sale this morning. Terms of the deal were not disclosed.
Appraisal Buzz
FEBRUARY 10, 2022
Kenneth D. DeGiorgio is the new CEO at First American Financial Corp. , replacing Dennis J. Gilmore, who will transition to chairman of the board of directors. DeGiorgio was named president in May 2021, when he assumed responsibility for the corporation’s operating groups, including its title insurance, specialty insurance and data and analytics businesses.
Urban
FEBRUARY 10, 2022
There’s a great need for more housing and homeownership in Los Angeles. Increasing the supply of low-density infill housing through zoning reform is an important step, but the city requires additional policies to ensure racial and economic inequities don’t widen.
Appraisal Buzz
FEBRUARY 10, 2022
The results of Freddie Mac ’s Primary Mortgage Market Survey (PMMS) shows that the 30-year fixed-rate mortgage (FRM) averaged 3.69% with an average 0.8 point for the week ending February 10, 2022, up from last week when it averaged 3.55%. A year ago at this time, the 30-year FRM averaged 2.73%. “The normalization of the economy continues as mortgage rates jumped to the highest level since the emergence of the pandemic,” says Sam Khater, Freddie.
Eyes on Housing
FEBRUARY 10, 2022
Consumer prices continued to accelerate in January due to higher food, electricity and housing costs. This was the largest year-over-year gain since February 1982. This higher-than-expected inflation may push the Federal Reserve to become more aggressive and raise the federal funds rate at a faster pace. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose.
Appraisal Buzz
FEBRUARY 10, 2022
BLOG VIEW: Vendors play an integral role in any mortgage transaction. It is common for mortgage lenders as well as title agents to work with multiple vendors as they try and close the loan. While both mortgage lenders and title companies rely heavily on vendors for third party services, vendor due diligence and management is a common challenge for all.
Appraiserblogs
FEBRUARY 10, 2022
Are desktop appraisals with third-party inspectors protecting the public, or are these products about to destroy the very profession I love so much. The Uniform Standards of Appraisal Practice (USPAP) are the key to maintaining public trust in real estate transactions. USPAP is pretty much the equivalent to the Bible, but it MUST be followed for appraisers.
Empire Appraisal Group
FEBRUARY 10, 2022
Maskot / Getty Images. Study: More Minority Fla. Buyers Denied Loans. By Sam Sachs. Of all Fla. mortgage rejections in 2020, 21.8% were Black, second only to American Indian/Alaska Native. Nationwide, the denial rate is 84% higher for Blacks. TAMPA, Fla. – In the current housing market, owning a home is already difficult, especially for first-time homebuyers.
GoForrmz
FEBRUARY 10, 2022
Elevate your data collection process by implementing these automated workflows For most businesses, the ability to efficiently collect data and then store it properly within internal systems is a big challenge. With paper documents, your team is faced with significant administrative burdens such as filling and manual data entry. These processes are outdated, inefficient, and result in significant human error.
Lamacchia Realty
FEBRUARY 10, 2022
Lamacchia Realty is famous for its marketing, but few know what goes on behind the scenes. The Lamacchia Realty marketing department is constantly working, and one staff member, in particular, goes above and beyond, day in and day out. Lamacchia Realty’s Unsung Hero of 2021 is Victoria Maguire. Victoria has been a Marketing Coordinator with Lamacchia Realty since May 2019, supporting the REALTORS out of the Hudson, Fort Lauderdale, Waltham, and Worcester branch offices with their marketing
Mashvisor
FEBRUARY 10, 2022
If you’re considering investing in real estate, you must have access to the most accurate data possible to ensure that you will be making money from your undertaking.
Lamacchia Realty
FEBRUARY 10, 2022
Lamacchia Realty is proud to share that the 2021 Employee of the Year is Brandon Farrell the companies Lead Photographer and Videographer. . “Brandon has impressed me since day one. It took me about two weeks to realize that he is a lot more than just an expert photographer. His marketing mind is very impressive. He is also a very very hard worker and just gets things done.
Mashvisor
FEBRUARY 10, 2022
As people feel more open about traveling, we take a look at the short term rental market trends that real estate investors should watch out for in 2022.
Lamacchia Realty
FEBRUARY 10, 2022
The REALTOR® with the highest sales volume in the Chelmsford Office in 2021 was Angela Harkins! She finished off the year with $25.7 Million in sales volume ! This is the fourth year in a row that Angela has earned this award. Anyone lucky enough to work with Angela knows just how kind, hardworking, and dedicated to her clients she is , making her exceptionally good at her job.
BiggerPockets
FEBRUARY 10, 2022
Commercial real estate used to be the playground of wealthy insiders. But a new wave always brings new challenges. And new operators. Some of these new operators are now self-proclaimed gurus. I call these new gurus “newrus.".
Lamacchia Realty
FEBRUARY 10, 2022
The Lamacchia Realty Performance awards for 2021 were announced by Anthony Lamacchia, owner of Lamacchia Realty, at the company-wide 2022 Kick-Off Event. These awards are reflective of the impact that the weekly company-wide training and coaching sessions in which Lamacchia Realty REALTORS® participate. Though headquartered in Massachusetts, the company serves clients in New Hampshire , Connecticut , Rhode Island , and South Florida.
Mashvisor
FEBRUARY 10, 2022
When selling property, real estate investors have a lot of things to consider in order to finally close a deal.
Lamacchia Realty
FEBRUARY 10, 2022
For the third year in a row , we are proud to share the Laurie Howe Bourgeois won the award for Most Transactions and Highest Sales Volume in our Leominster office! Laurie has had a fantastic year, she not only maintained her title of the #1 Agent in our Leomin s ter Office but also achieved the top spot city-wide! That’s right, Laurie was also the #1 Agent in the City of Leominster for 2021!
BiggerPockets
FEBRUARY 10, 2022
Rental properties can be a phenomenal second source of income for the majority of us who work at regular jobs. One or two rental property purchases every year or so […].
Lamacchia Realty
FEBRUARY 10, 2022
Lamacchia Realty officially announced its Top Producers for 2021 at the company-wide 2022 Kick-Off Event! To qualify as a Top Producer, these REALTORS® had to sell at least 20 homes throughout the year! Their achievement will be celebrated during the Annual Top Producer Luncheon where all the Top Producers are brought together to celebrate their dedication and success!
Mortgagebroker News
FEBRUARY 10, 2022
The latest figures are pointing to a big interest rate increase in just weeks
Lamacchia Realty
FEBRUARY 10, 2022
For the fourth year in a row, Eileen Doherty is the winner of the 2021 Most Sales Volume & Most Transactions for the Woburn office ! She achieved this feat by selling an impressive 67 homes and over $ 46.2 Million in sales volume. Eileen was also the winner of the 2021 Highest Sales Volume Companywide award, marking this as her 2 nd year of winning a Companywide recognition.
Housing Wire
FEBRUARY 10, 2022
If you’re a mortgage loan officer with a decade of experience in the industry, you have likely spent over 80 hours taking continuing education courses. Per regulations put into place by the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (“SAFE Act”) and enforced by the Nationwide Mortgage Licensing System and Registry , every loan officer must spend an average of eight hours on an annual basis to recertify their national license.
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