Housing Wire
MAY 5, 2022
Intercontinental Exchange, Inc. must convince regulators that the $13.1 billion mega-deal announced on Wednesday to acquire Black Knight will not harm competition in the mortgage tech solutions market. The software and data company also needs approval from Black Knight’s shareholders to move forward with the transaction, which valued the business at $85 per share, a 23% premium compared to the current price.
Appraisal Buzz
MAY 5, 2022
In a deal valued in excess of $13 billion, Intercontinental Exchange Inc. has acquired Black Knight in a cash and stock transaction, bolstering ICE’s digital mortgage business by increasing automation. The post ICE Expands Its Mortgage Tech Presence After Purchase of Black Knight appeared first on DSNews. The post ICE Expands Its Mortgage Tech Presence After Purchase of Black Knight appeared first on Appraisal Buzz.
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Housing Wire
MAY 5, 2022
Amazon is committing $10.6 million to build and renovate 130 affordable homes in Nashville, Tennessee, bringing the total investment in the city to about $100 million. Amazon Housing Equity Fund will allocate a $7.1 million low-rate loan to Cherry Oak Apartments, a mixed-income 96-unit residential apartment with 53 affordable units, in partnership with the Metropolitan Development Housing Agency , Amazon said.
Appraisal Buzz
MAY 5, 2022
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage averaged 5.27% with an average 0.9 point as of May 5, 2022, up from last week when it averaged 5.10%. A year ago at this time, the 30-year FRM averaged 2.96%. “Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009,” says Sam Khater, Freddie Mac’s chief economist.
Housing Wire
MAY 5, 2022
Costco might have everything you need for a housewarming party, but as of this week it can’t help you buy the house. Homebuyers will have to look elsewhere to secure a mortgage, as the members-only big box store announced it’s no longer in the business of financing homes. The retailer recently decided to discontinue its foray into home financing, effective May 1 – meaning customers no longer will be able to pick up a mortgage as they nosh on free food samples and stuff oversized carts with overs
Appraisal Buzz
MAY 5, 2022
Under terms of newly issued Mortgagee Letter, the nation’s supply of affordable housing will be expanded, increasing homeownership opportunities for low- and moderate-income homebuyers. The post FHA Amends CWCOT Post-Foreclosure Sales Rule appeared first on DSNews. The post FHA Amends CWCOT Post-Foreclosure Sales Rule appeared first on Appraisal Buzz.
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Appraisal Buzz
MAY 5, 2022
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.11% of all loans outstanding at the end of the first quarter of 2022, according to the Mortgage Bankers Association ’s (MBA) National Delinquency Survey. For the purposes of the survey, MBA asks servicers to report loans in forbearance as delinquent if the payment was not made based on the original terms of the mortgage.
Housing Wire
MAY 5, 2022
This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Bringing together some of the top economists and researchers in housing, this event will provide an in-depth look at their latest insights on the housing market, along with a roundtable discussion on how this information applies to your business.
Appraisal Buzz
MAY 5, 2022
CoreLogic has released its CoreLogic Home Price Index (HPI) and HPI Forecast for March 2022. U.S. home prices continued to post significant year-over-year gains in March, up by 20.9%, another record high. Even with the past year’s streak of double-digit price increases, annual gains are projected to slow to around 6% by next March, due in … The post Annual Home Price Growth Projected to Moderate by 2023 appeared first on DSNews.
Housing Wire
MAY 5, 2022
Mortgage rates surged to 5.27% over the last week, the highest average since 2009, according to the latest Freddie Mac PMMS. This week’s average purchase mortgage rate rose 17 basis points from the prior week’s 5.10%. A year ago at this time, 30-year fixed-rate purchase rates were at 2.96%. The government sponsored enterprise’s index accounts for purchase mortgages reported by lenders over the past three days.
Appraisal Buzz
MAY 5, 2022
According to new data from the Mortgage Bankers Association’s (MBA) National Delinquency Survey, the delinquency rate for mortgages on one-to-four residential properties decreased to a seasonally adjusted rate of 4.11% of all outstanding loans at the end of the first quarter of 2022. The survey asked servicers to report loans in forbearance as delinquent if … The post Delinquency Rate Decreases in Q1 appeared first on DSNews.
Housing Wire
MAY 5, 2022
Banks could receive many more failing grades from their regulators under a recently proposed overhaul of the Community Reinvestment Act (CRA). That’s partly because, according to a joint notice of proposed rulemaking from bank regulators on Thursday, banks’ performance would be judged by where they lend, not just where they have branches. Doing so would result in 32% of examined lenders receiving a “Needs to Improve” score, compared to the 16% earning that mark for their retail performance from
GoForrmz
MAY 5, 2022
Digitize and automate your small business processes to save incredible amounts of time and money Time, money, and innovation – small businesses require all three. Yet, repetitive and tedious tasks make the prioritization of these critical needs nearly impossible. That’s why it’s essential to look for techniques, systems, and tools that help cut the busywork.
Housing Wire
MAY 5, 2022
You buy rental properties to invest in and then eventually sell and earn capital gains. It can be one of the smartest investments you make in your lifetime. Before you sell, though, there are certain considerations you must make to ensure you handle the transaction right. Options to Sell a Rental Property. If you own a rental property , chances are you have tenants in it.
GoForrmz
MAY 5, 2022
GoFormz Automated Workflows help teams increase productivity across departments, streamline customer communication, accelerate processing, and route data to third party apps. Workflow Versioning is a powerful new feature enhancement that allows users to create comprehensive audit trails by automatically saving each version of their Workflow when a change occurs.
Housing Wire
MAY 5, 2022
Black Knight, the Florida-based mortgage tech and analytics behemoth, increased its profits six fold in the first quarter of 2022, compared to the same period of 2021, propelled by the investment in the credit reporting services company Dun & Bradstreet Holdings. The company’s latest earnings became public on Thursday, less than 24 hours after Intercontinental Exchange offered $13.1 billion to acquire the rival.
Assurance Financial
MAY 5, 2022
Most people dream of owning a home, whether it’s a small one in the city or a rural one with a huge property. However, affording a home is difficult and saving up enough money can be challenging. Obtaining a mortgage is a big step, and you likely have many questions. One important thing you will need to know is how much of a mortgage you can afford based on your income.
Housing Wire
MAY 5, 2022
Title and closing software provider SoftPro announced that it has released a new integration for online notarization through digital and remote online notarization provider Notarize on Thursday. With this new integration, SoftPro users will now be able to place and manage both title and lender-initiated notary transactions through Notarize with the SoftPro 360 business exchange portal without having to leave the SoftPro platform, according to the press release.
Mashvisor
MAY 5, 2022
The metaverse seems to be everywhere nowadays, with news of innovative and intriguing planned expansions to virtual 3D worlds appearing regularly. Table of Contents What Is the Metaverse?
Lamacchia Realty
MAY 5, 2022
The REALTORS® Association of Massachusetts held its annual Award Ceremony on April 28th, 2022. The Association recognized a number of members for their outstanding success in 2021. A total of 25 Lamacchia Realty REALTORS® were recognized, at various levels. In order to be considered, individual REALTORS® must have: $4 Million in sales volume, 22 units with no minimum volume.
Mashvisor
MAY 5, 2022
Real estate investing for beginners doesn’t need to be as complicated as it sounds. Of course, real estate investing isn’t easy, nor is it simple.
BiggerPockets
MAY 5, 2022
How many rental units do you want? Depending on who you ask, the number of rental properties can differ dramatically. A young investor may be looking to scale their portfolio […].
Mashvisor
MAY 5, 2022
Before you decide on an Airbnb investment, you should consider how well you know the real estate market and what your financial situation is.
Quicken Loans
MAY 5, 2022
The Federal Reserve raising short-term interest rates by 0.5% was anticipated. Of much more interest to market participants was how the Fed planned to handle running down its investments made in the aftermath of the pandemic. What you might find interesting is that mortgage pricing has actually gotten better in the aftermath of the announcement. If you’re in the market to buy a home or refinance, it’s a great day to lock your rate.
Mortgagebroker News
MAY 5, 2022
Newly minted line-up attracted to mortgage solutions driven by advice rather than rates
Housing Wire
MAY 5, 2022
Mortgage rates are increasing and demand is beginning to level out. The residential real estate market is shifting, creating uncharted territory for lenders who’ve relied on a housing boom and refinancing to keep them in business. As existing home owners potentially put the brakes on buying new homes or on refinancing their existing ones, lenders will rely more on first-time buyers to cut down on attrition during the slowdown.
Mortgagebroker News
MAY 5, 2022
Twenty years of experience plus an evolving mortgage product equals a great mortgage solution
Housing Wire
MAY 5, 2022
Freddie Mac is bringing another credit-risk transfer offering to market, its fourth of the year, through the agency’s Structured Agency Credit Risk (STACR) program. The credit risk transfer (CRT) offering, STACR 2022-DNA4, involves a $1.5 billion note backed by a reference loan pool of 118,055 residential mortgages with an outstanding principal balance of $35.4 billion, according to a presale report by Kroll Bond Rating Agency (KBRA).
Mortgagebroker News
MAY 5, 2022
The region's tenants continue to make plans for their spaces despite pandemic risks
Lamacchia Realty
MAY 5, 2022
Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for April 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! April 2022 Winners of the Top 10 for the Company are: AJ Bruce has been excelling in customer service for 15 years.
Mortgagebroker News
MAY 5, 2022
Major fintech has partnered with leading mortgage groups in the region
Buys Brokers Only LLC
MAY 5, 2022
The median price of a single-family home in Natick, Massachusetts jumped double digits during the first quarter, according to data compiled by the Massachusetts Association of Realtors.
Mortgagebroker News
MAY 5, 2022
"I think transparency is something that’s really lacking in our industry"
Mortgagebroker News
MAY 5, 2022
Acquisition boosts offerings in the commercial segment
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