Thu.Dec 22, 2022

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Mortgage rates are falling. How low can they go in 2023?

Housing Wire

Mortgage industry executives, analysts and economists have started to place their bets on where mortgage rates will settle in 2023 amid the Federal Reserve’s tightening monetary policy and the fears of an economic recession. Spoiler alert: don’t expect much, if any, relief for borrowers in the short term. It’s true that after doubling over the course of a year, the 30-year fixed mortgage rate is trending downward at the close of 2022.

Mortgage 441
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What is a CU Score on an Appraisal?

JMV Lending

Collateral Underwriter (CU) is a program developed by Fannie Mae to assess risk. It launched at the beginning of 2015. The CU program helps lenders assess the risk factors associated with a particular appraisal for a subject property by providing detailed information about potential appraisal quality or property eligibility issues. As part of the CU […].

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Stewart fined millions by NY AG for no-poaching agreements

Housing Wire

Houston, Texas-based title firm Stewart , the smallest of the Big Four title insurance companies, has come under fire from New York Attorney General Letitia James for business practices that “hurt worker and limit their earning potential,” according to an announcement on Thursday. An investigation by James’s office found that Stewart has entered into illegal no-poaching agreements with several of its competitors, thwarting labor competition.

Insurance 384
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Finance Friday: How to Become Real Estate Ready in 2023

BiggerPockets

Don’t know how to become a millionaire? There’s a pretty simple formula for seven-figure wealth that the average American doesn’t know about. It isn’t complicated, but it does take a […].

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Mortgages at trigger point: How concerning are they for the market?

Mortgagebroker News

The number of variable-rate, fixed-payment mortgages that reached their so-called "trigger" has spiked recently

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These Three Forces Will Ensure 1031 Exchanges and Delaware Statutory Trusts Are Here to Stay

BiggerPockets

This article is presented by Kay Properties & Investments. Read our editorial guidelines for more information. It doesn’t seem that long ago when the winds surrounding the commercial real estate industry were […].

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Redfin’s 2023 Forecast: Sales Slump, Rates Drop, and The Forever-Renters

BiggerPockets

There are few things more critical to a real estate investor than home prices, mortgage rates, and rent. Thankfully, those are three subjects that Redfin decided to tackle in their […].

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A 'bridge' over troubled real estate waters?

Mortgagebroker News

"In this market properties that have cash flow and rents that trail inflation are hot.

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Struggling to Find a Money-Making Property for 2023? Try This Airbnb Revenue Calculator

Mashvisor

Have you been wondering how you can invest in a lucrative rental property? Read on to find out how our Airbnb revenue calculator can help you.

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How will technology shape the future of the mortgage industry?

Mortgagebroker News

"I think we haven't even really scratched the surface of what's going to be possible"

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Prepayment activity to slow in 2023 as mortgage delinquencies face pressure

Housing Wire

Prepayment activity is expected to face seasonal headwinds into early 2023 after hitting another record low in November. . “Record low refinance activity and lackluster home sale volume driven by still historically tight home affordability” was the result of prepayment dropping 15.6% to a single-month mortality rate of 0.40%. This was below the previous record of 0.48%, Andy Walden, VP of enterprise research and strategy at Black Knight , said. .

Mortgage 397
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CMHC announces new rules targeting foreign home buyers

Mortgagebroker News

New rules come into effect for a two-year period starting January 1

Buyers 69
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Nine Percent of New Homes Are Teardowns

Eyes on Housing

In 2021, 9.1 percent of new single-family homes were built in an older neighborhood on a site where a previous structure had to be torn down and rebuilt, according to the latest Builder Practices Survey (BPS) conducted by Home Innovation Research Labs. Another 18.5 percent were built on an infill lot in an older neighborhood. The BPS places new homes.

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Compare mortgage rates in Canada and get the best rate

Mortgagebroker News

Find out much about home mortgage rates in Canada.

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5 Popular Ways To Use eSignatures

GoForrmz

Collect legally binding signatures at no additional cost with the GoFormz eSignature fields. Now that there are three available options for signature fields within GoFormz, it’s important to understand the difference between the digital Signature field and the eSign fields. Along with understanding the difference between a digital signature and an electronic signature , it’s also important to better understand the popular ways current GoFormz users are leveraging eSign fields to get the most out

Legal 78
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Will the inflation rate inflame the Bank of Canada's hikes?

Mortgagebroker News

Economist outlines grim prediction for 2023

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Opinion: Putting the housing market into perspective

Housing Wire

2022 has been filled with discussions on homeownership affordability challenges for good reason. The challenges buyers face today are significant: higher interest rates, higher home prices, historically low inventory, increasing costs for labor and materials and supply chain challenges. On the surface, these factors might make the outlook for the housing market look bleak, particularly for first-time homebuyers.

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Waters calls on FTC to review ICE’s $13B Black Knight deal

Housing Wire

Powerful House Financial Services Committee Chairwoman Maxine Waters wants regulators to closely scrutinize the proposed $13 billion purchase of Black Knight by Intercontinental Exchange (ICE). In a letter sent to the Federal Trade Commission (FTC) this week, the California Democrat raised concerns about the merger, which would make ICE the largest mortgage services company in the housing ecosystem. “In particular, I am concerned about the negative outcomes that may be passed on to consume