Housing Wire

SEPTEMBER 23, 2021

Homeowners with mortgages gained $2.9 trillion in equity in the second quarter of 2021, a 29.3% year-over-year increase, according to a new report by CoreLogic released Wednesday. This marks an average gain of $51,500(!) per borrower since the second quarter of 2020. The amount of equity for a property is determined by comparting the estimated current value of the property against the mortgage debt outstanding (MDO).

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Home Value Mortgage Investing Marketing 545

Appraisal Buzz

SEPTEMBER 23, 2021

A new GSE study has found that appraisal gaps exist among minorities in the nation’s top 30 metro areas. The post Minorities More Likely to Overpay for Their Home appeared first on theMReport.com. The post Minorities More Likely to Overpay for Their Home appeared first on Appraisal Buzz.

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Appraisal 195

Housing Wire

SEPTEMBER 23, 2021

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. 23, according to Freddie Mac ‘s latest PMMS survey. Mortgage rates have been roughly flat for months now. “The slowdown in economic growth around the world has caused a flight to the quality of the U.S. financial markets,” said Sam Khater, Freddie Mac’s chief economist.

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Appraisal Buzz

SEPTEMBER 23, 2021

Ed Mullen, CEO, Cyprexx, said the partnership would allow Cyprexx “to expand our footprint, create greater efficiencies, and utilize our core competencies to better serve existing and new clients.” The post Cyprexx Execs Comment on Xome Field Services Deal appeared first on DSNews. The post Cyprexx Execs Comment on Xome Field Services Deal appeared first on Appraisal Buzz.

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Clients Appraisal 195

Housing Wire

SEPTEMBER 23, 2021

Appraisal management company Clear Capital is looking to beef up tech tools for its network of appraisers, and it is doing so through an acquisition. The Reno, Nevada-based company just closed on the acquisition of Finnish proptech startup CubiCasa this week. The two are well acquainted – Clear Capital already utilized CubiCasa’s digital gross living area technology.

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Valuation Technology Appraisal Modernization 359

Appraisal Buzz

SEPTEMBER 23, 2021

Getting a roommate was only one of the ways homeowners explored to increase their income, but more homeowners are getting creative in the pursuit of extra cash. The post Young Homeowners Getting Creative to Make Money Via Renters appeared first on DSNews. The post Young Homeowners Getting Creative to Make Money Via Renters appeared first on Appraisal Buzz.

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Appraisal 195

Appraisal Buzz

SEPTEMBER 23, 2021

The sharing economy makes renting easy, as a new study explores the many ways homeowners are exercising their creativity in generating additional monthly income. The post Nearly Half of Homeowners Okay With Renting Out Their Home appeared first on theMReport.com. The post Nearly Half of Homeowners Okay With Renting Out Their Home appeared first on Appraisal Buzz.

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Appraisal 195

Housing Wire

SEPTEMBER 23, 2021

The nation’s third largest MLS, with over 70,000 agents in Florida and Puerto Rico, Stellar MLS announced Tuesday that it is partnering with Remine and MoxiWorks to launch a new platform for real estate professionals. Stellar MLS currently offers members a suite of over 24 different products to help agents list properties, manage transactions and connect with customers.

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Agents Brokerage Technology Real Estate 251

Appraisal Buzz

SEPTEMBER 23, 2021

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) have clarified Freddie Mac’s policies that make clear it will purchase mortgages secured by a property owned by an individual and rented to a group home for persons with disabilities. “Clarifying these policies regarding the eligibility of group homes for the secondary mortgage market is an important step to fulfilling the Fair Housing Act’s promise of providing individuals.

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The Robert Weiler Company

SEPTEMBER 23, 2021

When it comes to commercial real estate – both across the US and here in Columbus, Ohio – the diversity of enterprises and sheer size of the industry can be staggering. In fact, according to the US Energy Information Administration, there are an estimated 5.9 million commercial buildings in the US for a total of 97 billion square feet. By comparison, an Olympic-sized pool contains 13,455 square feet.

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Retail Real Estate Business Training 158

Appraisal Buzz

SEPTEMBER 23, 2021

Mortgage rates rose slightly this week to 2.88%, still below the 3% with prospective homebuyers snatching up all available inventory. The post Foreign Investor Treasury Purchases Hold Mortgage Rates Steady appeared first on theMReport.com. The post Foreign Investor Treasury Purchases Hold Mortgage Rates Steady appeared first on Appraisal Buzz.

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Investors Mortgage Inventory Appraisal 195

Housing Wire

SEPTEMBER 23, 2021

A former executive at loanDepot dropped a bombshell on the mortgage industry late Wednesday, alleging in a lawsuit that the California-based nonbank lender, in a ploy to drum up money during the refi boom and in preparation for its initial public offering, closed thousands of loans without proper documentation. The suit, filed by Tammy Richards, former chief operations officer, accuses loanDepot’s CEO, Anthony Hsieh, of ordering the sales team to “trust [their] borrowers” and close loans, disreg

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Development Retail Law Mortgage 101

Appraisal Buzz

SEPTEMBER 23, 2021

A new Freddie Mac study has found that appraisal gaps exist among minorities in the nation’s top 30 metro areas. The post Addressing the Minority ‘Appraisal Gap’ appeared first on theMReport.com. The post Addressing the Minority ‘Appraisal Gap’ appeared first on Appraisal Buzz.

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Appraisal 195

Empire Appraisal Group

SEPTEMBER 23, 2021

Economists: Sales Momentum Will Carry Into Fall. Will bidding wars continue? Will home prices stay elevated? Will home buyer demand remain strong? Heading into the fall season, economists are optimistic about the market’s direction considering its unpredictability since the beginning of the pandemic. For the most part, they agree it won’t be a return to the usual slowing pace of sales in the fall—nor will prices slide to the extent typical of the season as families settle into a new school year.

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Housing Market Buyers Realtors Inventory 78

Appraisal Buzz

SEPTEMBER 23, 2021

A new analysis by the GSE has concluded that appraisals falling below contracted sale prices are disproportionately impacting hundreds of thousands of Black and Latino applicants. The post Freddie Mac Examines Minority ‘Appraisal Gap’ appeared first on DSNews. The post Freddie Mac Examines Minority ‘Appraisal Gap’ appeared first on Appraisal Buzz.

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BiggerPockets

SEPTEMBER 23, 2021

A rock-solid financial position consists of a few things: budgeting, expense tracking, living below your means, and making extra income. Once those are accomplished, you’re on track to start investing […].

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Finance Investing 73

San Jose Real Estate

SEPTEMBER 23, 2021

The Parker Ranch neighborhood is found in the low western foothills of Saratoga along the Cupertino border, making it a fantastic commute location for many high tech workers. With larger homes and lots, it’s easy to stretch out! The rolling hills make a pleasant vista, or, if you’re in a higher elevation provide beautiful […].

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Lamacchia Realty

SEPTEMBER 23, 2021

Nea rly one year after opening our Beverly office , we are thrilled to officially celebrate joining the North Shore community with a Grand Opening! As a part of Lamacchia’s ongoing COVID-19 safety measures, the celebration was delayed for a year. However, on Saturday, September 18th, Lamacchia Realty was finally able to host a celebration for the opening of the office with food, good conversation, and children’s entertainment!

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Realty Agents Realtors Training 60

Mortgagebroker News

SEPTEMBER 23, 2021

A new report says the return to downtown cores may not be materializing – and one brokerage owner thinks clients will continue looking to the suburbs

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Brokerage Clients 64

Mashvisor

SEPTEMBER 23, 2021

A real estate transaction is usually a long and grueling journey that involves many procedural formalities and steps.

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Sellers Real Estate Inspection Investors 72

Mortgagebroker News

SEPTEMBER 23, 2021

A new report says the return to downtown cores may not be materializing – and one brokerage owner thinks clients will continue looking to the suburbs

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Brokerage Clients 59

Appraisal Buzz

SEPTEMBER 23, 2021

Due mainly to lack of supply, existing-home sales fell 2.0% in August compared with July, according to the National Association of Realtors (NAR). The decrease follows two straight months of increases. Sales of existing single-family homes, townhomes, condominiums and co-ops were at a seasonally adjusted annual rate of 5.88 million – down 1.5% from a year ago.

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Inventory Buyers Realtors Appraisal 195

Mortgagebroker News

SEPTEMBER 23, 2021

E-signature provider’s technology is expected to be adapted to the specific needs of the mortgage and lending industries

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Mortgage Lending Technology 62

Appraisal Buzz

SEPTEMBER 23, 2021

Existing home sales ended two months of gains in August, falling 2.0 percent on a seasonally adjusted basis from the previous month. The National Association of Realtors® (NAR) said preowned single-family homes, townhomes, condominiums, and cooperative apartments sold at an annual rate of 5.88 million units during the month compared to 6.00 million in July.

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Buyers Realtors Appraisal 195

Mortgagebroker News

SEPTEMBER 23, 2021

The company’s CEO said that its acquisition is expected to have a significant impact for the mortgage broker channel

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Mortgage 58

BiggerPockets

SEPTEMBER 23, 2021

It is super important for any real estate investor to be familiar with the process of closing the sale of a property. Whether you are buying a single-family home or multifamily property, you need to understand and navigate the process of closing on that property. Here's the standard timeline.

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Real Estate Investors 82

Mortgagebroker News

SEPTEMBER 23, 2021

Government support and payment deferrals played major roles in improving Canadians’ financial health, Equifax said

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Government Mortgage 57

Appraisal Buzz

SEPTEMBER 23, 2021

A new report has found that single-family rent growth increased five-fold year-over-year for the second consecutive month, with rent growth in popular tourist destinations continuing to pick up steam. The post Single-Family Rent Growth Hits Record High in July appeared first on DSNews. The post Single-Family Rent Growth Hits Record High in July appeared first on Appraisal Buzz.

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Appraisal 150

Mortgagebroker News

SEPTEMBER 23, 2021

Meet the industry leaders who will comprise the judging panel for the prestigious industry award

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Mortgagebroker News

SEPTEMBER 23, 2021

The Liberal victory in the recent elections might herald a more restricted environment

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Mortgage 57

Mortgagebroker News

SEPTEMBER 23, 2021

The group rejects the scientific consensus on climate change

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Insurance 64

Mortgagebroker News

SEPTEMBER 23, 2021

The bank launched a new take on its very first logo designed more than five decades ago

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Design 48

Mortgagebroker News

SEPTEMBER 23, 2021

Joint home purchases are also more common, Statistics Canada says

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Buyers 48

Mortgagebroker News

SEPTEMBER 23, 2021

Emergence of COVID-19 variants “amplified” market volatility, CBRE says

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Marketing 46