Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Confused by this? I hear you; let’s dive deeper into today’s report. From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NA

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Inventory New Listings Housing Market Sellers 527

Appraiserblogs

DECEMBER 21, 2022

The VA will now be required to encourage hybrid appraisals. If you are a VA Appraiser, here’s a bit of news you need to keep tabs on. Senate Passes VA Appraisal Modernization Measure – theMReport.com The U.S. Senate has announced the passage of HR 7735, the Improving Access to the VA Home Loan Benefit Act of 2022. Under the terms of HR 7735, sponsored by Sen.

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Modernization Appraisal Inspection 145

Housing Wire

DECEMBER 21, 2022

Figure Acquisition Corp. I , a blank check company affiliated with fintech Figure Technologies that planned to merge with a mortgage bank, will be delisted from the New York Stock Exchange. Figure’s plan to go public through a SPAC has been scrapped with the NYSE’s decision. The NYSE notified Figure on December 19 that it is “determined to commence proceedings to delist the company’s warrants from the NYSE and that trading in the company’s warrants would be suspended immediately,” ac

Mortgage 462

Mortgage Technology Business Lending 462

Eyes on Housing

DECEMBER 21, 2022

As rapid rising mortgage rates continue to weaken housing demand, the volume of existing home sales has declined for ten consecutive months as of November, according to the National Association of Realtors (NAR). This is the longest run of declines since 1999. While mortgage rates have retreated in recent weeks due to recession concerns, they are likely to see another.

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Realtors Mortgage Inventory 139

Housing Wire

DECEMBER 21, 2022

loanDepot registered a partial win against CrossCountry in a trade secret and employment-separation dispute. . The California-based mortgage lender sued its rival in April 2022 claiming that six former employees — Steve Schneider, Cindy Smolin, Samantha Siegel, Fernanda Baske, Bob Bowman, and John Noyes — left the company to join CrossCountry after accessing, downloading and taking confidential client information and breaching their employments agreements and fiduciary duties. .

Legal 407

Legal Loan Officers Contracts Business 407

GoForrmz

DECEMBER 21, 2022

Take advantage of eSign construction forms Eliminate paper, manual tasks, and outdated processes with digital construction forms. With GoFormz, you can easily collect legally binding electronic signatures in your digital forms. Equip your forms for construction with eSign fields to instantly generate and collect signed contracts, invoices, and more!

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Construction Legal Contracts Clients 78

Mortgagebroker News

DECEMBER 21, 2022

The end of the central bank's rate hikes may be imminent – a development that could be a welcome boost for homebuyers

Housing Market 68

Housing Market Development Marketing 68

Housing Wire

DECEMBER 21, 2022

Existing home sales slid for the 10th consecutive month in November, as homebuyer demand continued to cool. The seasonally adjusted sales rate for existing homes fell 7.7% month over month in November to a rate of 4.09 million , according to a report from the National Association of Realtors (NAR) released Wednesday. On a yearly basis, existing home sales are down 35.4%.

Mortgage 383

Mortgage Inventory Realtors Real Estate 383

BiggerPockets

DECEMBER 21, 2022

Land flipping is an unusual real estate investment. Unlike all the rest, there are no utilities, renovations, or tenants to take care of. It’s really as simple as buying a […].

Investing 54

Investing Tenants Renovations Real Estate 54

Mortgagebroker News

DECEMBER 21, 2022

'Secret commission programs don’t do anyone justice, so we lay it out every year,' said Grant Armstrong

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BiggerPockets

DECEMBER 21, 2022

This article is presented by Aloha Capital. Read our editorial guidelines for more information. More and more real estate investors are exploring what it might look like to be on the other […].

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Lending Real Estate Investors Finance 53

Mortgagebroker News

DECEMBER 21, 2022

With today’s challenging market, having custom lending options to meet unique borrower needs is going to be a big difference maker for 2023.

Mortgage 60

Mortgage Lending Marketing 60

George Dell

DECEMBER 21, 2022

Evidence is shortly defined as “Something that shows proof.” It’s precisely defined in the law, and also addressed in philosophy and epistemology. Epistemology deals with methods, validity, and scope in the theory of knowledge. In the philosophy of science, evidence is what confirms (or not) your hypothesis. Evidence justifies belief, but only if respected.

Law 39

Law Valuation Appraisal 39

Mortgagebroker News

DECEMBER 21, 2022

Annual price growth ticked downward slightly in November

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Mashvisor

DECEMBER 21, 2022

As 2022 comes to an end, real estate investors are faced with yet another challenge as house flipping profits go down in the third quarter.

Real Estate 41

Real Estate Investors Landlords Marketing 41

Mortgagebroker News

DECEMBER 21, 2022

Central bank's governor outlines the tough road ahead

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Buys Brokers Only LLC

DECEMBER 21, 2022

Homebuyers must protect themselves and their investment – specifically, their earnest money deposits – by including contingencies in their real estate contracts.

Contracts 53

Contracts Real Estate Investing 53

Mortgagebroker News

DECEMBER 21, 2022

New survey highlights spending priorities in the province

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Houston Properties

DECEMBER 21, 2022

Protect the 5P’s: People, Pets, Plants, Pipes & Pools

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Mortgagebroker News

DECEMBER 21, 2022

Online brokerage reports strong recent numbers

Brokerage 60

Brokerage Mortgage 60

Housing Wire

DECEMBER 21, 2022

Ohio-based Union Home Mortgage (UHM) struck a deal to acquire Michigan-based Amerifirst Home Mortgage , the companies confirmed on Wednesday. . Founded in 1970, UHM is a full-service retail, wholesale and consumer-direct independent mortgage banking company. The lender originated $4.68 billion in mortgage loans over the last 12 months, according to the mortgage tech platform Modex.

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Loan Officers Development Retail Mortgage 395

Mortgagebroker News

DECEMBER 21, 2022

"We've seen a lot of organizations come to us to re-evaluate their salary ranges"

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Clear Capital

DECEMBER 21, 2022

As an appraisal quality leader and former field appraiser, I know firsthand that working in the real estate appraisal industry can be a wild ride. And in recent years, we have experienced a surge in revision requests from lenders and customers. Due to emerging shifts in the mortgage loan market, there is a heightened sense of urgency to review the conventional loan appraisal guidelines. .

Appraisal 69

Appraisal Bracketing Clients Market Value 69

Mortgagebroker News

DECEMBER 21, 2022

New poll reveals Canadians' sentiments

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Lamacchia Realty

DECEMBER 21, 2022

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for November 2022 compared to November 2021. It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market.

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New Listings Realty Realtors Sellers 62