Fri.Jul 01, 2022

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Banks report rise in mortgage delinquencies

Housing Wire

Banks reported an increase in foreclosures during the first quarter of 2022, according to a quarterly survey published by the Office of the Comptroller of Currency this week. The survey , which examined servicing metrics provided by seven undisclosed national banks, found that 19,542 new foreclosures were initiated in the first quarter of 2022. The OCC said this marks a jump from the previous quarter, but added the foreclosure volume in the first quarter is comparable to pre-COVID-19 pandemic fo

Mortgage 382
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2022 Five Star Conference Agenda Announced

Appraisal Buzz

Returning to Dallas this September, the annual conference will once again unite mortgage servicers, government representatives, agents, vendors, attorneys, and other stakeholders for three days of education, networking, and entertainment. The post 2022 Five Star Conference Agenda Announced appeared first on DSNews. The post 2022 Five Star Conference Agenda Announced appeared first on Appraisal Buzz.

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Announcing the 2022 Marketing Leaders!

Housing Wire

Connecting with clients and consumers has never been an easy task, and today’s market has been no exception. On the heels of a global COVID -19 pandemic that keeps rearing its head, the housing economy is now faced with rising rates and dismal inventory. Tasked with an endless list of functions, this year’s 2022 Marketing Leaders did it all despite market turmoil.

Marketing 382
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Are Mortgage Servicers in Their “Golden Age?”

Appraisal Buzz

An upcoming installment in the Five Star Institute Webinar Series will discuss the current era in mortgage servicing and provide tips on how to navigate this record-breaking time in the servicing space. The post Are Mortgage Servicers in Their “Golden Age?” appeared first on DSNews. The post Are Mortgage Servicers in Their “Golden Age?” appeared first on Appraisal Buzz.

Mortgage 195
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Deephaven Mortgage offers hands-on training to help brokers gain expertise with non-QM product offerings

Housing Wire

With more hopeful homeowners searching for non-traditional lending solutions, brokers are looking to partner with wholesale lenders that can offer unique options. For those borrowers historically underserved in the traditional mortgage industry, Deephaven Mortgage has proven that its expertise in the non-QM space can benefit both brokers and borrowers.

Training 370
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Q1 Mortgage Performance Makes Strides

Appraisal Buzz

New data from the first quarter continues to roll in as the Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the first quarter of 2022 by a decent margin. The OCC Mortgage Metrics Report for the First Quarter 2022 showed that … The post Q1 Mortgage Performance Makes Strides appeared first on DSNews.

Mortgage 195

More Trending

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Sellers Drop Prices Amid Rising Affordability Issues

Appraisal Buzz

Affordability issues are officially taking a toll on the market as the average asking price of a newly listed home is off 1.5% from its peak in spring in light of the rapid rate increase by the Federal Reserve in June. This is amid new data from Redfin that showed a record amount of existing sellers … The post Sellers Drop Prices Amid Rising Affordability Issues appeared first on DSNews.

Sellers 195
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MSR market closes June on $5.2B high note, but has it peaked?

Housing Wire

The mortgage-servicing rights (MSR) market continued to defy gravity and remained upward bound as June came to a close. On the last day of the month, the New York-based Mortgage Industry Advisory Corp. (or MIAC Analytics) released bid documents for an MSR offering it is brokering that exceeds $5 billion in value. “MIAC Analytics, as exclusive representative for the seller, is pleased to offer for your review and consideration a $5.22 billion Fannie Mae , Freddie Mac and Ginnie Mae mortgage-servi

Marketing 370
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CoreLogic Unveils New Discovery Platform

Appraisal Buzz

CoreLogic has announced the launch of Discovery Platform, a cloud-based data exchange and property analytics ecosystem. Powered by the industry’s first integrated property identifier, CoreLogic’s CLIP ID, and built on more than 50 years of data spanning 99.9% of U.S. properties, Discovery Platform provides a comprehensive property analytics solution.

Business 195
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Private Residential Spending Inches Up in May

Eyes on Housing

NAHB analysis of the Census Construction Spending data shows that private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $938.2 billion in May. It was 0.2% up over the upwardly revised April estimates of $935.9 billion. On a year-over-year basis, total private construction spending was 19% higher. These monthly gains are largely attributed to the growth.

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RIHA Studies Impact of Aging Baby Boomer Homeowners on Housing Supply

Appraisal Buzz

The Mortgage Bankers Association ‘s (MBA) Research Institute for Housing America (RIHA) has released research showing more than 4 million existing-homes for sale annually over the next decade will come from the aging and mortality of older homeowners. However, sustained homebuyer demand from population growth and younger-generation households should lead to minimal excess housing supply and have no measurable reduction in home prices.

Appraisal 195
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West Virginia Appraisal Board Scheme

Appraiserblogs

The Doomed Quest to Reform a corrupt West Virginia Licensing Board “Board members earn money working for a law firm that files lawsuits against appraisers,” said one West Virginia appraiser… Readers of DC Comics will be familiar with Bizarro World, a cube-shaped planet that is home to a weirdly inverted version of reality. The planet is governed by the Bizarro Code, whose ungrammatical main tenet is, “Us do opposite of all Earthly things!

Appraisal 147
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HUD Reaches Settlements Over Fair Housing Act Violations

Appraisal Buzz

In two separate cases, HUD has reached agreements in Massachusetts and California with several parties in settling housing discrimination claims. The post HUD Reaches Settlements Over Fair Housing Act Violations appeared first on DSNews. The post HUD Reaches Settlements Over Fair Housing Act Violations appeared first on Appraisal Buzz.

Appraisal 150
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Real Estate Magazine Features Jackie Louh and Anthony Lamacchia

Lamacchia Realty

Jackie Louh and Anthony Lamacchia are featured on the cover of and in the July 2022 issue of Real Estate Magazine by RIS Media. The story talks about how Anthony came to the decision to promote Jackie to the role of Chief Operating Officer, how this will bring the company to the next level, what the future holds, and much more. Click here to read the full article !

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Will Housing Inventory Increase in 2022?

Mashvisor

In the past few years, the housing inventory saw some of its biggest shortages, shaping the entire housing market across the US. But is it recovering in 2022?

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Subject Property Location in Appraisals

Appraisal Today

Subject Property Actual Location. By Dave Towne. Excerpts: 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. Actually, the property was not “in” the City at all.

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What is a Master Lease and How Can Investors Use It to Scale?

BiggerPockets

Property management is a low-margin and labor-intensive business because it’s difficult to maintain a property and keep tenants happy. It’s why many real estate investors outsource property management so they […].

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Boston 25 Zip Trip: Dorchester, MA

Lamacchia Realty

Boston 25 Zip Trips are back and Lamacchia Realty will be there all summer long ! Today’s travels took us to Dorchester, MA where Anthony spoke with Gene Lavanchy about the Dorchester housing market including the number of sales, average prices, and more. Check out the video to the right to learn what the market is up to in that area! The post Boston 25 Zip Trip: Dorchester, MA appeared first on Lamacchia Realty.

Realty 43
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Rookie Reply: How to Use Home Equity to Buy Rentals

BiggerPockets

This week’s question comes from Tony’s Instagram direct messages! This rookie real estate investor is asking: I have a good chunk of equity in my home, should I pull out […].

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Your Guide to "For Sale by Owner"

Eppraisal

For Sale by Owner, or FSBO, is a method for selling your own home that can save you money as long as you know how to use it properly. Understanding all the details of how FSBO works will help you decide if it is right for you. This guide's helpful resources will steer  you through the process of making an FSBO sale. What is For Sale By Owner?

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After 50 bps fee backlash, FHFA will review capital rule

Housing Wire

The Fed eral Housing Finance Agency (FHFA) will review the enterprise regulatory capital framework in the “near term,” officials said — after getting an earful from industry players since unveiling a new securities fee. For now, however, the new 50 basis point fee charged on securities backed by one enterprise and later secured by the other, is here to stay.

Investors 441
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ATTOM Finds Nearly All Analyzed Counties Less Affordable in Q2 than Historic Averages

Appraisal Buzz

ATTOM ’s Q2 2022 U.S. Home Affordability Report shows that median-priced single-family homes and condos are less affordable in the second quarter of 2022 compared to historical averages in 97% of counties across the nation with enough data to analyze. That was up from 69% of counties that were historically less affordable in the second quarter of 2021, to the highest point since 2007, just before the housing market crashed during the Great Recession of.

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The Complete Guide to Rental Property Loans

Mashvisor

While the home buying market gets most of the attention and coverage from the media and economists, the single-family residential (SFR) rental property market is a booming $4.