Housing Wire
JUNE 28, 2022
The S&P CoreLogic Case-Shiller Home Price Index just recorded 20.4% year-over-year growth nationally and a record 21.2% growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating , not crashing like people have warned about from 2012-2021. From S&P : The S&P CoreLogic Case-Shiller U.S.
Sacramento Appraisal Blog
JUNE 28, 2022
Price reductions are growing fast and sellers are still behind the ball. Eventually they’ll catch up, but they haven’t gotten there yet. Let’s talk about price drops today in the Sacramento region. Is the trend similar in your area? Let me know what you’re seeing. TRUTHS ABOUT PRICE REDUCTIONS 1) Nearly 40% of active listings […].
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Housing Wire
JUNE 28, 2022
There’s no question that a digital-first way of doing business is becoming the norm and the demand for digital in the mortgage industry is only growing. HousingWire recently spoke with Armando Falcon, CEO of Falcon Capital Advisors , about the continued growth of digital mortgage solutions such as eClosings and what lenders can do to implement eMortgages into their business models. .
Appraisal Buzz
JUNE 28, 2022
Sales Boomerang , which offers an automated borrower intelligence and retention system, is merging with Mortgage Coach , a platform empowering mortgage lenders to educate borrowers with interactive home loan presentations. Terms of the deal were not divulged. Richard Harris will serve as CEO of the combined company. “Sales Boomerang and Mortgage Coach are both impressive, mission-driven organizations that have earned tremendous brand equity in the mortgage realm through their expert grasp of the
Housing Wire
JUNE 28, 2022
Mortgage fintechs Sales Boomerang and Mortgage Coach have merged, roughly six months after a Philadelphia-based private equity firm bought a controlling stake in each company. The two companies have been working toward the merger since LLR Partners ’ made an investment in each in January. Richard Harris, former chief executive officer at email sending and delivering platform Spark Post , will take the helm as CEO.
Appraisal Buzz
JUNE 28, 2022
Patrick Dodd is the new president and CEO of housing data and software firm CoreLogic. Dodd was previously chief operating and growth officer. He was named interim CEO in January following the departure of former CEO Frank Martell. Dodd will continue to serve on the company’s board of directors. In a release , Charles Davis, CEO of Stone Point Capital, which jointly acquired CoreLogic last year with Insight Partners , said, “We are thrilled that Pat.
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Appraisal Buzz
JUNE 28, 2022
According to new research from LendingTree, home prices have risen significantly over the past two years, and paying $1 million or more for a house seems excessive as well as unattainable to most Americans. However, just because million-dollar homes aren’t common throughout the U.S. doesn’t mean they aren’t prevalent in some areas. To see where … The post Million-Dollar Metros: California Cities Top List appeared first on DSNews.
Housing Wire
JUNE 28, 2022
Fannie Mae has announced the winning bidder for the final mortgage pool that was part of its inaugural nonperforming loan sale of 2022 — and it’s nineteenth sale since the i na ugural offering in 2015. The loan pool, dubbed the Community Impact Pool (CIP), includes 120 loans with an unpaid principal balance of $36.3 million, an average loan size of $301,412 and an average interest rate of 5.24%.
Appraisal Buzz
JUNE 28, 2022
Fannie Mae has named The State of New York Mortgage Agency Community Restoration Fund (SONYMA CRF) as the winning bidder for its nineteenth Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on August 19, 2022. It includes approximately 120 loans totaling $36.2 million in unpaid principal balance (UPB). The loans are geographically focused in the New York area.
Housing Wire
JUNE 28, 2022
The Prestwick Mortgage Group , an Alexandria, Virginia-based advisory and brokerage firm, has unveiled an offering for a $1.6 billion package of Fannie Mae , Freddie Mac and Ginnie Mae mortgage-servicing rights (MSRs). The bulk of the 7,189 loans in the MSR offering put out to bid this week were originated in Florida and the Midwest, according to the offering documents — which list Prestwick as the exclusive broker and indicate bids are due July 12.
Appraisal Buzz
JUNE 28, 2022
This content is password protected. To view it please enter your password below: Password: The post Protected: The Southeastern Appraisal Group is Hiring Residential Appraisers Nationally appeared first on Appraisal Buzz.
Housing Wire
JUNE 28, 2022
Mortgage technology provider Roostify is hoping to bring in more self-employed borrowers by adding mortgage automation provider Indecomm ‘s automated income calculation technology, it announced Tuesday. Indecomm’s IncomeGenius integration into Roostify’s data intelligence solutions will expand Roostify’s existing income calculation capabilities for self-employed borrowers, according to a company statement.
Appraisal Buzz
JUNE 28, 2022
This content is password protected. To view it please enter your password below: Password: The post Protected: Declare Your Independence from ARGUS®! appeared first on Appraisal Buzz.
Housing Wire
JUNE 28, 2022
Kiavi , formerly LendingHome , recently closed a $218 million private-label securitization of unrated short-term mortgages — described as “residential transition loans” (RTLs) by the lender, which serves the fix-and-flip market. The deal represents Kiavi’s ninth such securitization under its LHOME shelf since launching its revolving securitization program in 2019, according to the company.
Appraisal Buzz
JUNE 28, 2022
I was recently proofreading a paper my son had written for a class and came across a quote from Benjamin Franklin. My son used quotation marks to offset the … Read More. The post The Path to Credibility appeared first on Appraisal Buzz.
The Appraiser Coach
JUNE 28, 2022
I was recently proofreading a paper my son had written for a class and came across a quote from Benjamin Franklin. My son used quotation marks to offset the. Read More.
Appraisal Buzz
JUNE 28, 2022
The latest Federal Housing Finance Agency House Price Index (FHFA HPI) shows house prices rose nationwide in April, up 1.6% from the previous month. House prices rose 18.8% from April 2021 to April 2022. The previously reported 1.5% price change for March 2022 was revised upward to 1.6%. For the nine census divisions, seasonally adjusted monthly house price changes from March 2022 to April 2022 ranged from +0.3% in the East South Central division.
Eyes on Housing
JUNE 28, 2022
Consumer confidence dropped again in June as inflation stayed at decades high and continued to temper consumers’ economic outlook, which tumbled to the lowest level in nearly a decade. Though spending intentions for homes, cars, and major appliances held relatively steady, consumer spending will continue to face headwinds from further inflation and rate hikes.
Appraisal Buzz
JUNE 28, 2022
The recent Legal League 100 Servicer Summit in Dallas brought together the nation’s top financial services law firms under the same roof as leading mortgage servicing executives to discuss default policies, procedures, and issues with leading mortgage servicing executives. The post Servicers Adapt to an Evolving Regulatory Landscape appeared first on DSNews.
Appraiserblogs
JUNE 28, 2022
Don’t say that the subject property is ‘within’ a particular City or Town due to the postal ZIP Code that applies to the street address unless that is accurate. The actual location may be miles away from there. Appraisers, this article was prompted by my ‘coming in contact with’ several appraisal reports where different regional appraisers report the physical location of the subject property “in” a particular City associated with the postal ZIP Code for that City.
Appraisal Buzz
JUNE 28, 2022
Working to address the homelessness crisis throughout the country, the Urban Land Institute (ULI) has released a new report investigating how the real estate community is working to address this crisis on a nationwide scale. Overall, the report shows how to support people experiencing homelessness through “creative housing solutions” and collaborations with community organizations, with … The post What More Can Be Done To House the Homeless?
D Fritz Appraisals
JUNE 28, 2022
What do Experts Think the Victoria, BC Housing Market Will Look Like by 2027? The state of Victoria’s housing market is never far from anyone’s mind, especially for first-time home buyers, those moving to a new area or for people looking to sell. Between 2021 and 2022, house prices in the Victoria, BC region rose by an average of 20%. This significant increase came about due to the unprecedented combination of: All time low mortgage rates.
Appraisal Buzz
JUNE 28, 2022
Although all 20 cities analyzed by S&P CoreLogic Case Shiller in its NSA Index notched double-digit price increases for the 12 months ending in April, home prices slid slightly compared to March’s totals. The post Home Price Rise Begins to Slow in April appeared first on DSNews. The post Home Price Rise Begins to Slow in April appeared first on Appraisal Buzz.
Will Springer Realtor
JUNE 28, 2022
What a difference a year makes! Only 12 months or so ago, an unprecedented number of Seattle/King County buyers took advantage of historically low interest rates to scoop up new homes. Today, almost as if a light switch had been flipped, the market has softened to a point where most homes for sale sit for weeks rather than days and prices are starting to level off.
Mashvisor
JUNE 28, 2022
If you’re looking to buy a vacation home in the US, then you should consider Airbnb Branson MO homes. Table of Contents Where Is Branson MO Located?
Birmingham Appraisal
JUNE 28, 2022
Has There Been a Shift In The Real Estate Market? From all indications, there has been a definite shift in the real estate market. The recent increase in interest rates has injected another variable into the market that participants are reacting to. I like to get multiple perspectives on what is happening and in order to do that I review stats from multiple sources such as the Greater Alabama MLS, Redfin, and Altos Research to name a few.
Lamacchia Realty
JUNE 28, 2022
Nicole Vermillion was recently featured on CBS Boston to discuss the current market, and what it means for buyers. She talked about how buyers must be quick and decisive when looking for homes, how pricing and price adjustments impact the market, and what buyers can do when making an offer. Click here or on the picture for the full article ! . The post Nicole Vermillion Featured on CBS Boston – WBZ appeared first on Lamacchia Realty.
BiggerPockets
JUNE 28, 2022
Real estate can be one of the most profitable investments, but it’s also one of the most costly and complicated. Not only is a lot of money involved, but real […].
Lamacchia Realty
JUNE 28, 2022
Nicole Vermillion was recently featured on CBS Boston to discuss the current market, and what it means for buyers. She talked about how buyers must be quick and decisive when looking for homes, how pricing and price adjustments impact the market, and what buyers can do when making an offer. Click here or on the picture for the full article ! . The post Nicole Vermillion Featured on CBS Boston appeared first on Lamacchia Realty.
Mashvisor
JUNE 28, 2022
Pricing homes to sell is an art. But with tools like Zillow home values, you might not need to wait around for a realtor.
BiggerPockets
JUNE 28, 2022
You often hear about house hacking as a means to an end, a simple way to start your real estate journey, but what if it could be more? What if […].
Mortgagebroker News
JUNE 28, 2022
Potentially significant developments could be on the way, says leading broker
PennyMac
JUNE 28, 2022
When you’re ready to close on your new home, you’ll find there’s one more round of payments to make: closing costs. Getting a mortgage isn’t free, and closing on a house isn’t free. There are costs through this last phase of the process of buying your home. You’ve probably heard about closing costs and that they crop up at the end of the homebuying process, but what exactly do closing costs include?
Mortgagebroker News
JUNE 28, 2022
In a challenging market, gifting funds to children, grandchildren an increasingly popular option
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