Tue.Dec 21, 2021

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Anxiety grips LOs as layoffs sweep the industry

Housing Wire

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” They have good reason to feel anxious. Numerous shops, including Better.com , Interfirst Mortgage , and Freedom Mortgage have announced layoffs in the past few weeks, and some LOs worry their jobs may also be on the chopping block.

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Prices Rise as the Nation’s Housing Supply Tightens

Appraisal Buzz

According to a new report from Redfin, the seasonally-adjusted number of homes for sale fell 18% year-over-year in November to an all-time low. This lack of the nation’s housing inventory sent the median sale price up 15% to $383,100. November marked the 16th consecutive month of double-digit price gains, and so far in December, there … The post Prices Rise as the Nation’s Housing Supply Tightens appeared first on theMReport.com.

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Automation helps lenders respond to rising mortgage rates

Housing Wire

Higher inflation, post-pandemic economic recovery and a reduction in Federal Reserve stimulus incentives are key economic factors expected to put upward pressure on interest rates as we move into 2022 — increasing the already stiff competition among mortgage lenders. Furthermore, a more competitive mortgage lending environment will only magnify the importance for lenders to have an efficient loan application and approval process.

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Stewart Information Services Acquires Greater Illinois Title Company

Appraisal Buzz

Stewart Group President Steve Lessack said that the deal furthers Stewart’s “commitment to investing and gaining scale in attractive markets.” The post Stewart Information Services Acquires Greater Illinois Title Company appeared first on DSNews. The post Stewart Information Services Acquires Greater Illinois Title Company appeared first on Appraisal Buzz.

Investing 195
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Private-label RMBS market has cause to celebrate

Housing Wire

As 2021 draws to a close, it’s clear that the private-label residential mortgage-backed securities (RMBS) market has notched a year for the record books. For the full year, the RMBS 2.0 market — defined as all post-financial-crisis prime, non-prime and credit-risk transfer (CRT) transactions — is projected to exceed $115 billion in issuance. That’s more than twice the volume recorded in 2020 and nearly double 2019’s $60 billion mark as well, according to a recent forecast from the Kroll Bond Rat

Marketing 404
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Stewart Information Services Acquires Greater Illinois Title Company

Appraisal Buzz

Stewart Group President Steve Lessack said that the deal furthers Stewart’s “commitment to investing and gaining scale in attractive markets.” The post Stewart Information Services Acquires Greater Illinois Title Company appeared first on DSNews. The post Stewart Information Services Acquires Greater Illinois Title Company appeared first on Appraisal Buzz.

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More Trending

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To Clone or Not to Clone?

The Appraiser Coach

Cloning or templates? What is the best for you? How do you start your appraisal reports? Various other software programs have different ways but, in general, we’re going to talk. Read More.

Appraisal 195
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There’s nothing frozen about Anchorage real estate

Housing Wire

Anchorage, Alaska. On Dec. 20, the sun set in Anchorage, Alaska at 3:41 p.m. local time, and the temperature sank to 10 degrees Fahrenheit. . But in a real estate economy that has made destination cities out of the likes of Boise, Idaho and Manchester, New Hampshire, perhaps it’s no surprise that there is nothing dark or cold about the Anchorage housing market.

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Balance Returning to the Housing Market?

Appraisal Buzz

A new report finds that an atypical third quarter may propel the market into a strong start to 2022. The post Balance Returning to the Housing Market? appeared first on DSNews. The post Balance Returning to the Housing Market? appeared first on Appraisal Buzz.

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Using data to navigate 2022’s housing supply and affordability issues

Housing Wire

HousingWire Editor-in-Chief Sarah Wheeler had the opportunity to catch up with Autumn Barkhuff, CoreLogic Principal of Program Management, to talk about potential housing market trends in 2022 and how real estate analytics can enable decision making. “So in an ever-changing market that’s really filled with dispersed datasets, real estate analytics really becomes critical in decision making,” Barkhuff said.

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Median Home Sales Prices Drop in November

Appraisal Buzz

RE/MAX reports that, amid a seasonally cooling market, the national median home sale price fell nearly 3% in November. The post Median Home Sales Prices Drop in November appeared first on theMReport.com. The post Median Home Sales Prices Drop in November appeared first on Appraisal Buzz.

Appraisal 195
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Back to the Future of Mortgage

Housing Wire

Hosted by Mortgage Cadence. This webinar will be a discussion on understanding what’s to come over the next few years in mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity. In addition, insight on how mortgage tech investments will be changing their focus and the dawn of creating “eco-systems” as a customer acquisition strategy.

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To Clone or Not to Clone?

Appraisal Buzz

Cloning or templates? What is the best for you? How do you start your appraisal reports? Various other software programs have different ways but, in general, we’re going to talk … Read More. The post To Clone or Not to Clone? appeared first on Appraisal Buzz.

Appraisal 195
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Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

Housing Wire

Hosted by Reggora. This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation. Jonathan and Brian will discuss the impact of appraisals on fulfillment and why now is the time to embrace change in this area. Lenders will leave with a clear picture of how appraisals are evolving, enabling them to capitalize on the biggest opportunity within mortgage fulfillment – appraisal operations.

Appraisal 382
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What’s New in Appraisal Membership: December 2021

Appraisal Buzz

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership?

Appraisal 195
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Apartment Absorption Surged while Condominium Absorption Remained Steady

Eyes on Housing

Data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau, suggest continued improvement for the multifamily sector in the second quarter of 2021 due to strong demand and low vacancy rates. The absorption rate of unfurnished, unsubsidized apartments (the share rented out in the first three months following completion) rose by 15 percentage points to.

Marketing 139
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MBA Survey Shows Share of Mortgage Loans in Forbearance Decreases

Appraisal Buzz

The Mortgage Bankers Association ‘s (MBA) new monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 39 basis points from 2.06% of servicers’ portfolio volume in the prior month to 1.67% as of November 30, 2021. According to MBA’s estimate, 835,000 homeowners are in forbearance plans.

Mortgage 195
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A New ‘Standard’ for ROV Requests

Appraiserblogs

Since beginning using this Standard, I have had ZERO ROV requests. Appraisers, the latest ‘buzzword’ around appraising is Standard. We’ve got to have a Standard for measuring a subject dwelling, even though the comparable GLA reported figure may have been measured far differently from the new soon-to-be mandated Standard. Appraisers have no way of controlling the apples to oranges dissimilarities.

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Upbeat Economy Brings Downturn in Forbearance Volume

Appraisal Buzz

With nearly 835,000 homeowners in forbearance plans, a recovering economy is hastening the pace of those entering permanent loan workout solutions. The post Upbeat Economy Brings Downturn in Forbearance Volume appeared first on DSNews. The post Upbeat Economy Brings Downturn in Forbearance Volume appeared first on Appraisal Buzz.

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Property Tax Revenues Decline, Share of Total Increases in Q3 2021

Eyes on Housing

NAHB analysis of the Census Bureau’s quarterly tax data shows that $707.6 billion in taxes were paid by property owners in the four quarters ending Q3 2021 (not seasonally adjusted), a 0.5% quarterly decline.[1] Four-quarter property tax revenues had climbed 14.3% since decreasing 0.2% in Q2 2020. The decline in Q3 2021 was only the second such decrease since 2012.

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New Residential Investment Closes Deal to Acquire Genesis Capital

Appraisal Buzz

New deal reinforces New Residential’s position as a diverse investment company in acquisition of firm projected to originate $2 billion in loans in 2021. The post New Residential Investment Closes Deal to Acquire Genesis Capital appeared first on theMReport.com. The post New Residential Investment Closes Deal to Acquire Genesis Capital appeared first on Appraisal Buzz.

Investing 195
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How to Convert to Paperless Invoicing with Mobile Forms

GoForrmz

Join the paperless initiative and go digital by leveraging mobile forms for all your invoicing needs Many businesses are still stuck with PDFs and paper-based documentation, resulting in administrative burdens across various departments. Leveraging paper for invoice tracking makes it difficult to optimize processes, improve efficiency, elevate the quality of data collection, and nearly impossible to report on incoming data.

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For Sale Inventory Drops to New Low

Appraisal Buzz

According to a new report from Redfin, the seasonally-adjusted number of homes for sale fell 18% year-over-year in November to an all-time low. This lack of the nation’s housing inventory sent the median sale price up 15% to $383,100. November marked the 16th consecutive month of double-digit price gains, and so far in December, there … The post For Sale Inventory Drops to New Low appeared first on DSNews.

Inventory 195
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How to Market A Luxury Home the Right Way

McKissock

Having difficulty selling your luxury home? Choosing an unconventional method to market your luxury home can help a property spend fewer days on the market. Even in a tough market, selling a luxury home at a fair price point is possible when you think outside the box. After all, unusual homes should be marketed in unusual ways. 1. Send out stunning property brochures.

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Colleen Crowley Qualifies for the 2021 President’s Club

Lamacchia Realty

We are thrilled to announce that Colleen Crowley has qualified for the 2021 President’s Club! This is Colleen’s first year qualifying after selling 33 homes this year alone, we could not be more excited for her! Colleen is immensely dedicated to her clients and works so hard to ensure they have a positive buying or selling experience. Her kind and compassionate nature and immense support for those around her truly make her stand out.

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Clear Cappers’ favorite holiday recipes 2021

Clear Capital

We may not be able to gather together in person yet, but we can share our joy through food! Let’s celebrate the holiday season by enjoying some of Clear Cappers’ favorite holiday recipes. A downloadable PDF of the 2021 Clear Capital Cookbook is coming soon! Cocktails. Cranberry French 75. Spiked Apple Cider. Savory Fares. Chef John’s Salt Roasted Chicken.

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Maryellen Russo Qualifies for the 2021 President’s Club

Lamacchia Realty

We are thrilled to announce that Maryellen Russo has officially qualified for the 2021 Lamacchia Realty President’s Club! In order to qualify, agents must surpass a high level of sales, Maryellen did so with over $16,000,000 in sales volume! This is Maryellen’s first year qualifying for this distinction. After joining the company in 2020, Maryellen quickly acclimated and took her business to the next level.

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What’s New in Appraisal Membership: December 2021

McKissock

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership?

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Anthony Lamacchia Featured on WCVB Housing News Story

Lamacchia Realty

With a lot of buyers looking for homes and so few homes on the market, the housing market is heading into an interesting time. Watch as Anthony explains what he expects to see in the coming months for both buyers and sellers. Be sure to subscribe to our YouTube channel for the latest company updates and market info! Click HERE or on the image to watch.

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What to Expect With Mortgage Rates in 2022

Eppraisal

Real estate forecasters look at many variables when making predictions for three, six and nine months out. As they begin to express their opinions on 2022 they quite naturally examine supply of available homes and the level of demand for them. Yet more goes into their prognostications than these two elements. The job market and wages play a role as do personal savings and overall investment activity.

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Real Estate Math Made Easy: 6 Formulas for Successful Investing

Mashvisor

When planning to buy a real estate property, the most important thing to get right is the real estate math associated with your purchase.

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Rookie Podcast 141: 3 Biggest Real Estate Lessons We Learned in 2021 w/Ashley Kehr and Tony Robinson

BiggerPockets

We usually get to hear from our amazing guest speakers, but as the year comes to an end, it’s time to hear directly from our dynamic show hosts. Besides hosting […].

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Petro industry service provider, government-owned bank cement mortgage agreement

Mortgagebroker News

Funding will provide the energy services company with long-term liquidity supported by a Crown corporation

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Carpet or wood in the bedroom, what does the market say?

Berkshire Hathaway

An often debated subject, carpet or wood, or both? Making this decision, when selling or remodeling can be tuff. So, let’s talk about the benefits and drawbacks to both, and what the market influences, so you can make your decision! . Benefit and drawback to Carpet . Wall-to-wall carpet is having a comeback, maybe because it is affordable and there are durable options, or maybe because carpet’s comfortable feel and ability to reduce noise are hard to argue with.