Mon.Sep 19, 2022

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Staircase debuts tool to automate non-delegated mortgage insurance underwriting

Housing Wire

Mortgage tech startup Staircase says it has launched a tool that enables mortgage insurers to automate the underwriting of non-delegated mortgage insurance (MI) policies for lenders at about half of the typical cost. Staircase’s mortgage insurance underwriting tool fully automates the non-delegated underwriting process by pulling documents and data directly from lenders to allow insurers to make instant policy decisions, the firm said.

Insurance 370
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Five Star Labs Spotlight Servicing, Government, Property Management Experts

Appraisal Buzz

The Monday lineup included a fireside chat with FHFA Director Sandra Thompson, as well as educational panels and presentations from dozens of industry experts. The post Five Star Labs Spotlight Servicing, Government, Property Management Experts appeared first on DSNews. The post Five Star Labs Spotlight Servicing, Government, Property Management Experts appeared first on Appraisal Buzz.

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Fed watchers expect at least a 75 bps rate hike

Housing Wire

The housing industry and market watchers in general are preparing for a big week as the Federal Reserve (Fed) is set to announce its next benchmark interest-rate move on Wednesday, Sept. 21, with most observers expecting at least a 75-basis point bump. Prospects for a historic one percentage point increase, however, remain on the table, according to some market watchers.

Lending 370
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19th Annual Five Star Conference Launches in Dallas

Appraisal Buzz

The 2022 Five Star Conference kicked off its first full day of programming with programming targeting Five Star’s Federation of REO Certified Experts (FORCE) and culminating in the annual opening night reception hosted by Auction.com. The post 19th Annual Five Star Conference Launches in Dallas appeared first on DSNews. The post 19th Annual Five Star Conference Launches in Dallas appeared first on Appraisal Buzz.

Appraisal 195
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Top 25 lenders increased market share in 2021: HMDA

Housing Wire

A perfect lending storm spurred by the pandemic resulted in an absolutely stunning year for the mortgage industry in 2020. Top lenders who were able to quickly build capacity and take advantage of near-zero interest rates were rewarded with an increase in market share. Those trends largely continued in 2021, even though refi business slowed and jumbo purchase mortgages grew in prominence, according to an analysis of Home Mortgage Disclosure Act data published by the Consumer Financial Protection

Marketing 370
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Employment Situation in August: State-Level Analysis

Eyes on Housing

Nonfarm payroll employment increased in 37 states in August compared to the previous month while 13 states and the District of Columbia lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 315,000 in August, following a gain of 526,000 jobs in July. On a month-over-month basis, employment data was strong in Kentucky, which.

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Streamline University Admissions with GoFormz

GoForrmz

Discover how digital forms can help your admissions department work more efficiently. While all the pain points and operational inefficiencies are top-of-mind from the current admissions class, the best time to start planning for next year’s admissions is now! College admissions are arguably the most crucial time in a student’s lifetime – patiently waiting to determine where they will take their studies to the next level.

Tools 78
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SPS to acquire Rushmore Loan Management Services assets

Housing Wire

Select Portfolio Servicing Inc. (SPS) has struck a deal to acquire certain assets of Texas-based Rushmore Loan Management Services LLC. The deal, announced Monday, will result in Salt Lake City-based SPS acquiring Rushmore’s servicing personnel. The transaction is expected to close in the fourth quarter of 2022, subject to regulatory approvals.

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How to Find Real Estate Investing Opportunities Before the Competition

Mashvisor

The best real estate investing opportunities are often highly sought out by competitors, so what can you do to gain an advantage over them?

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Ginnie Mae forbearance rate increases in August

Housing Wire

Servicers’ forbearance rate declined in August, excepting for Ginnie Mae loans, the Mortgage Bankers Association (MBA) reported Monday. The trade group expects pressure in the coming months if the unemployment rate increases. The total number of loans in forbearance decreased two basis points from the previous month to 0.72% of the servicers’ total portfolio volume in August, positive news after the economic impacts of the pandemic hit borrowers hard.

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Second-Home Buyers are Embracing Luxury Co-Ownership

McKissock

Vacation homes are known to be a costly investment due to the never-ending upkeep, maintenance, and cleaning costs — even during slow seasons when most homes are unoccupied. Second-home buyers are seeking alternative solutions to help them own vacation homes without incurring more costs and frustrations. Thus, homebuyers are embracing co-ownership of luxury properties as it allows multiple owners to share the capital costs while reaping the benefits of owning a vacation home.

Buyers 52
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College is NOT for EVERYONE: Joining the Military & Become Financially Free

BiggerPockets

College isn’t the only option after high school. In fact, it’s not even the best option. Typically, twenty-two-year-olds fresh out of college are launched into the workforce with a lot […].

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Another Electric Recall

Town & Country Residential Appraisals

Did you see the latest electrical recall headline? Schneider Electric™ Recalls 1.4 Million Electrical Panels Due to Thermal Burn and Fire Hazards That is a lot of electrical panels. The long standing recall for unsafe panels dealt with Federal Pacific Stab-lok Breakers. Now the new recall involves “Square D” breakers and panels manufactured by Schneider Electric.

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The Real Estate Investing Strategy Smackdown and Which Will Outlive 2022?

BiggerPockets

High interest rates are here. The mainstream media would tell you that it’s time to sit down and have a long sob over the soon-to-be-dead housing market. “It’s over, everyone! […].

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How does the affordability of a home affect the housing market?

Mortgagebroker News

Home prices need to fall a lot further to help would-be homebuyers enter the market

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Anthony Lamacchia Featured in the Wall Street Journal

Lamacchia Realty

Anthony Lamacchia was featured in a Wall Street Journal article discussing selling vs. renting. The article talks about how sellers are opting to rent out their home instead of selling it, as they are finding they are not getting much interest in their home, even after a price change. With higher interest rates aiding in the drop in buyer demand, sellers are seeing less activity overall.

Sellers 41
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Which Canadian cities are seeing home prices fall the fastest?

Mortgagebroker News

"It's abundantly clear where the worst spots are," says BMO economist

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Select Portfolio Servicing to Acquire Rushmore Loan Management Services

Appraisal Buzz

Select Portfolio Servicing, Inc. (SPS) has announced that it has entered into a definitive asset purchase agreement with Rushmore Loan Management Services LLC (Rushmore) to acquire certain Rushmore assets, including hiring Rushmore servicing personnel and assuming Rushmore servicing contracts. The closing of the transaction is expected to occur in the fourth quarter of 2022, subject … The post Select Portfolio Servicing to Acquire Rushmore Loan Management Services appeared first on DSNews.

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Advocates call to license Halifax landlords to ensure tenant safety

Mortgagebroker News

It will require landlords to have their rental units inspected on an annual basis

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Valuation Expo 2022 Recap

Appraisal Buzz

Valuation Expo 2022 at the Mirage Hotel in Las Vegas was a record-breaking success! With our highest numbers recorded for attendance in the last 10 years, Valuation Expo provided everyone with the connections they wanted and need to build their business. Attendees had endless opportunities to learn, network, and prosper with informative sessions, CE courses, and a jam packed Trade Show Floor with over 40 exhibitors.

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No 'one-size-fits-all' solution for mortgage clients, says VP

Mortgagebroker News

A growing number of Canadians are weighing up their financial options amid more rate jumps

Clients 69
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Hybrid appraisal waivers offer savings but delegating can be tricky

Clear Capital

Story by Bonnie Sinnock. Hybrid appraisal waivers, which allow for the collection of supplemental property level data from a nontraditional third party, aren’t widely used yet; but they can offer a turnaround time within a day when they are, speakers at National Mortgage News’ Digital Mortgage Conference said this week. The “property data reports” that government-related investor Freddie Mac began designating certain loans as eligible for through automated underwriting in

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Home sales plunge by 32% since March rate hikes – Scotiabank

Mortgagebroker News

House prices also took a deep dive since their February peak

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Opinion: What is Ginnie Mae thinking with new capital rule?

Housing Wire

Since the announcement of the new capital rule, Ginnie Mae has been on the receiving end of a lot of backlash from industry and the analysts who associate with the mortgage banking marketplace. Despite significant, thoughtful feedback to Ginnie Mae about the impacts of some of their proposals, it seems that Ginnie Mae simply turned a blind eye to these concerns.

Mortgage 370
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Vision Vancouver unveils plans to increase housing density

Mortgagebroker News

If elected, the party is hopeful to bring housing reform within 90 days of taking office

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Select Portfolio Servicing to Acquire Rushmore Loan Management Services

Appraisal Buzz

“We believe that this combination of two highly rated and well-recognized brands will create a stronger company to better serve our customers, clients, regulators, and associates,” said SPS CEO Randhir Gandhi. The post Select Portfolio Servicing to Acquire Rushmore Loan Management Services appeared first on DSNews. The post Select Portfolio Servicing to Acquire Rushmore Loan Management Services appeared first on Appraisal Buzz.

Clients 39
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Homebuilders up the incentives to bring buyers to the table

Housing Wire

Homebuilder confidence slid again in September, hitting its lowest level since May 2014 with the exception of the spring of 2020 at the onset of the pandemic, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Monday. In September, builder sentiment in the market for newly built single-family homes fell three points from August to a reading of 46 points.

Buyers 382
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Conservation Easement in Ohio: A Guide to Protecting Our Treasured Land

The Robert Weiler Company

The importance of a fully modern open space preservation vehicle – a conservation easement in Ohio – cannot be better summarized than by our 26th President. Theodore Roosevelt, one of the nation’s original land protectionists, embodied the power and beauty of a conservation easement in the following quote: “Here is your country. Cherish these natural wonders, cherish the natural resources, cherish the history and romance as a sacred heritage, for your children and your children’s children.

Easement 148
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Freddie Mac’s Cecelia Raine: Here’s where to focus your servicing tech resources

Housing Wire

The HousingWire award spotlight series highlights the individuals who have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Tech Trendsetters award are now open through Friday, Sept. 23, 2022. Click here to nominate someone you know — it can even be you! As tech innovation continues to transform the housing ecosystem, one sector that has witnessed a surge in tech transformation is servicing.

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Builder Confidence Falls for Ninth Straight Month as Housing Slowdown Continues

Eyes on Housing

In another sign that the slowdown in the housing market continues, builder sentiment fell for the ninth straight month in September as the combination of elevated interest rates, persistent building material supply chain disruptions and high home prices continue to take a toll on affordability. Builder confidence in the market for newly built single-family homes fell three points in September.