Mon.Sep 26, 2022

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Once Upon a Time… A Housing Fairy Tale

Appraisal Buzz

This article was originally published in the latest edition of the Fall 2022 Appraisal Buzz Magazine! To receive this subscription directly, click here. Once upon a time, there was a rich nation which valued many things. There were many owners and “wannabe” owners. The owners wanted to be richer and the wannabes wanted to be like the owners. They all liked value.

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Slow VA Appraisal Turnaround Times Is Overblown

Appraiserblogs

Concerns about slow VA appraisal turnaround times is overblown… On September 14, 2022, US House passed HR 7735, “the Improving Access to the VA Home Loan Benefit Act of 2022“, legislation that proposes to overhaul the Department of Veterans Affairs’ appraisal requirements, including when an appraisal is required, how an appraisal is to be conducted, and who is eligible to conduct an appraisal.

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Nine Expensive Mistakes You Don’t Want to Make This Fall

PennyMac

Autumn is a good time (and potentially your last chance) to review, repair and remediate any home issues that could end up breaking the bank account once winter arrives. Below we’ve listed some expensive mistakes homeowners will want to avoid making every fall. Set yourself up for success by putting some time (and a little cash) aside to clean up your household act before the harsh weather sets in.

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Saving time and money on payroll and compliance

Mortgagebroker News

Scarlett Network’s time-saving broker management software is an effective tool for increasing business efficiency, says Axiom Innovations’ Joe Fakhri, President and CEO

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Wall Street Loses Its Landlord Appetite, Listings Slump, and Rents Rise

BiggerPockets

Don’t you love Wall Street? From artificially inflating the housing market to kicking first-time homebuyers to the curb, and now, selling off their inventory at a fraction of the cost. […].

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CENTUM celebrates 20 years

Mortgagebroker News

Centum Financial Group president Chris Turcotte on returning to the company’s roots, leaning into relationships, and getting loud about the value.

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More Trending

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Reverse mortgages offer natural shelter

Mortgagebroker News

Equitable Bank is seeing high demand for reverse mortgages due to demographics, greater acceptance among customers, continuing cost-of-living pressures, and more indebtedness in retirement

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When Should I Get An Appraisal

Town & Country Residential Appraisals

Most people know that appraisals need to be completed for lending purposes. But did you know there are a number of other reasons you should be contracting an appraiser to perform a professional valuation on your property? 1. When you are the seller of a FSBO (For Sale By Owner). My experience in completing appraisals for properties that have been sold without the professional expertise of a real estate professional is that the selling price is often lower than the value.

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CWB Optimum named Employer of Choice

Mortgagebroker News

Welcoming – and acting on – employee feedback is critical to cultivating a resilient culture, say the team at CWB Optimum

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Share of New Homes with Patios Sets Record for Sixth Consecutive Year

Eyes on Housing

The share of homes built with patios hit a record high in 2021. Of the roughly 1.1 million single-family homes started in 2021, 63 percent came with patios. This number comes from NAHB tabulation of data from the Survey of Construction (conducted by the U.S. Census Bureau with partial finding from the Department of Housing and Urban Development). Patios on.

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M3 Group appoints new Mortgage Alliance president

Mortgagebroker News

Newest executive brings more than 30 years of extensive experience in mortgages and real estate

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What Will It Take to Solve the Housing Crisis? 

Appraisal Buzz

Entering the housing market today is challenging for many homeowners. There’s currently an inventory shortage, which is leading to more competition and increased prices. One of the reasons for this is material and project delays. In 2021, more than 90% of builders reported backlogs and supply scarcity. The price of the items has risen as well. COVID-19 caused breakdowns in the supply chain and labor shortages.

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How a broker should set the pace for a transaction

Mortgagebroker News

The mortgage professional's approach can make or break a deal, argues Calgary-based brokerage owner

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Helping newcomers to Canada buy a home

Mortgagebroker News

Brokers can act as an invaluable resource for newcomers looking to buy their first home in Canada

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What's next for Canada's reverse mortgage market?

Mortgagebroker News

Homeownership trends continue to evolve across the country, according to StatCan

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More power to borrowers

Mortgagebroker News

No longer just a solution for alternative borrowers, NPX is now competing in the mainstream market

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Ten cheapest places to buy a house in Canada

Mortgagebroker News

Four cities on this list are found in one province

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HomeEquity Bank garners latest industry award

Mortgagebroker News

The bank has seen substantial growth over the past three years

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MERIX: Offering true compensation choice

Mortgagebroker News

At MERIX Financial, brokers can choose which compensation works best for them on a deal-by-deal basis

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National Bank gets "hold" rating from brokerages

Mortgagebroker News

The bank recently saw its quarterly net income decline on an annual basis

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FSRA talks private lending, MIC focus

Mortgagebroker News

The Ontario regulator explains what brokers in those spaces need to keep in mind

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Meeting the needs of a changing market

Mortgagebroker News

Canadian Mortgages Inc.