Housing Wire

MAY 4, 2022

In a move with ramifications for an untold number of mortgage lenders and service firms, Intercontinental Exchange, Inc. , a software and data company whose mini-empire includes ICE Mortgage Technology , has bought Black Knight. The $13.1 billion mega-deal was announced in a press release Wednesday afternoon. The move between what are generally regarded as the two biggest suppliers of mortgage loan origination software is the latest domino to fall in a mortgage market careening off the rails.

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Appraisal Buzz

MAY 4, 2022

[link]. Today’s Buzzcast interview is with Steve Sanders, Owner of Appraisal Source. We sat down with Steve and Jim Morrison, VP of Marketing and Sales for Allterra Group, to discuss his famous Appraisal Buzztoons. What is your background in the appraisal industry? Where can appraisers check out your Buzztoons? These questions and much more will be answered between Steve and Jim as they dive into this subject.

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Housing Wire

MAY 4, 2022

The Federal Reserve Wednesday approved a 50 basis point increase to its policy interest rate in an effort to reduce inflation, in conjunction with a plan to shrink its $9 trillion asset portfolio beginning next month, according to Chairman Jerome Powell. During a news conference following the Fed’s committee meeting, Powell announced the increase and outlined the Fed’s plan to begin “the process of significantly reducing the size of our balance sheet,” he said. “It

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Supply Chain Mortgage Tools Loan Officers 397

George Dell

MAY 4, 2022

Diversity can be a goal in itself when diversity means breaking down barriers of groupthink and apathy. An expansive concept. Fairness, on the other hand is elusive, demanding definition. Fairness depends on the very point of view it attempts to define. “Fair” is in the eye of the beholder. EBV (Evidence Based Valuation)© (or EBA, […]. The post Can EBV Support Diversity and Fairness?

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Valuation 195

Housing Wire

MAY 4, 2022

Individuals across the country chasing the American dream of homeownership helped to push mortgage-application volume up by 2.5% for the week ending April 29, compared with the prior week. The uptick, as measured by the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index, was propelled primarily by purchase-application activity, as rates remain elevated, hovering in the low 5% range and a drag on refinance volume.

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Appraisal Buzz

MAY 4, 2022

It has been two years, two months, and two days since the Federal Open Market Committee (FOMC) cut rates in an emergency meeting in light of the then-blossoming Covid-19 pandemic. Since then, the FOMC elected to increase the nominal interest rate by 25 basis points to 0.25-0.50% for the first time since the pandemic began … The post Fed Raises Rates by 50 Points appeared first on DSNews.

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Appraisal Buzz

MAY 4, 2022

Today’s Buzzcast interview is with Steve Sanders, Owner of Appraisal Source. We sat down with Steve and Jim Morrison, VP of Marketing and Sales for Allterra Group, to discuss his famous Appraisal Buzztoons. What is your background in the appraisal industry? Where can appraisers check out your Buzztoons? These questions and much more will be answered between Steve and Jim as they dive into this subject.

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Housing Wire

MAY 4, 2022

Black Knight’s Optimal Blue is looking to court mortgage brokers with its new pricing feature that provides up-to-date rates on its cloud-based loan servicing platform. Dubbed Quick Quote, the feature was added to Loansifter – its product, pricing and eligibility engine – and enables brokers to make accurate quote offers for products available to consumers at their immediate point of need, according to Optimal Blue.

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Appraisal Buzz

MAY 4, 2022

Buyers are exploring more options to find additional money in their budget due to intensifying cost pressures which is resulting in increased interest in buyers relocating to a different area. New research from Realtor.com indicates that during the first quarter of 2022, 40.5% of prospective buyers viewed home listings located outside of their current state, … The post More Buyers Look to Relocate to Save Money appeared first on DSNews.

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Housing Wire

MAY 4, 2022

The Federal Housing Finance Agency will now require lenders to provide data on borrowers’ language preferences in order to sell loans to Fannie Mae and Freddie Mac , a move which could invite fair lending lawsuits. Starting in March 2023, lenders for conventional mortgages will be required to furnish information about borrowers’ language preference and housing counseling, the agency said on Tuesday.

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Appraisal Buzz

MAY 4, 2022

HouseCanary, Inc. has released its latest Market Pulse report, — a continuous review of proprietary data and insights from Housing Canary — covering 22 listing-originated metrics and comparing data between April 2021 and April 2022. New housing inventory remained negative in the month of April, leading to even more affordability issues for many prospective buyers.

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Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Bringing together some of the top economists and researchers in housing, this event will provide an in-depth look at their latest insights on the housing market, along with a roundtable discussion on how this information applies to your business.

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Appraisal Buzz

MAY 4, 2022

Ex-heads of Ginnie Mae gather to discuss hot-button issues, toward the end goal of providing accessible and affordable housing opportunities for all Americans. The post Ginnie Mae Hosts Past Presidents Roundtable Discussion appeared first on DSNews. The post Ginnie Mae Hosts Past Presidents Roundtable Discussion appeared first on Appraisal Buzz.

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Housing Wire

MAY 4, 2022

LoanSnap has unveiled a cloud-based portal called LoanFLow that will allow licensed brokers and loan officers in the U.S. to originate mortgages anywhere at any time. The company says its new LoanFlow portal will allow originators to close loans in as little as 24 hours and in 15 days on average, the company said. The new portal includes “tools that can be used for customer onboarding, document sharing, relationship management and loan evaluation,” LoanSnap said in announcing the new loan-origin

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Loan Officers Technology Tools Training 305

Eyes on Housing

MAY 4, 2022

Following a 25 basis points increase in March, the Federal Reserve’s monetary policy committee unanimously approved a further 50 basis points increase for the federal funds target rate, the largest increase for the rate in more than two decades. The Fed also provided details for its plan to reduce its balance sheet (quantitative tightening), which will further tighten financial conditions.

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Housing Wire

MAY 4, 2022

United Wholesale Mortgage ( UWM ), the nation’s largest wholesale lender, has taken another step toward a price war. The Pontiac, Michigan-based company said on Wednesday it will price-match loans up to 40 basis points with that of 20 different competitors. The initiative, effective until June 30, applies to any conventional, government or jumbo loan on a primary, secondary or investment property.

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Mortgage Investing Government Lending 259

McKissock

MAY 4, 2022

In many markets, the model of the lone real estate agent has given way to a team-oriented approach. You may be on the fence about working with a real estate team. It’s important to consider the advantages and disadvantages before you make the commitment so that you don’t let down the team, your clients, or yourself. Pros of Working with a Real Estate Team.

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Mashvisor

MAY 4, 2022

Global tech giant Google announces its plans on expanding its operations and investing about $9.5 billion in the United States this year. Tech Giant Google to Invest $9.

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BiggerPockets

MAY 4, 2022

If you’re new to using a 1031 exchange strategy for your investments, you may be wondering what a qualified intermediary is and why you need one. Navigating the complex nuances involved in […].

Investing 56

Investing 56

Mashvisor

MAY 4, 2022

Tax season is here again, and if you own rental property, you may be required by the IRS to file and report all rental income on your tax return.

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BiggerPockets

MAY 4, 2022

Financial literacy is the first step to becoming a millionaire. Unfortunately, the US is a (relatively) financially illiterate country, so to become financially independent and add more zeros to your net worth, you have […].

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Real Estate 56

Mashvisor

MAY 4, 2022

For real estate investors to excel in their strategies and maximize their earnings, they must be 100% familiar with the rental market data.

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Real Estate Investors Marketing Landlords 69

Mortgagebroker News

MAY 4, 2022

The executive is focused on building partnerships that complement and strengthen the company's culture

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Mashvisor

MAY 4, 2022

Real estate investors always look for Airbnb for sale because of its viability. Airbnb homes for sale offer excellent return potential.

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Investors Real Estate 69

Mortgagebroker News

MAY 4, 2022

North America’s central banks are likely to continue with their 50-basis-point increases, analyst says

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Housing Wire

MAY 4, 2022

Don Layton, the former CEO of Freddie Mac recently penned what can only be described as an attack piece on mortgage originators from his seat as a fellow at the JCHS, Harvard’s Joint Center For Housing Studies. But what Mr. Layton has done is simple: perpetuate his ongoing disdain for the participants in the manufacturing of mortgage loans in the U.S. and, in the process, made some inaccurate assumptions as to causality.

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Mortgagebroker News

MAY 4, 2022

However, the cooling trend might actually prove beneficial for would-be home buyers

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Marketing Buyers 69

San Jose Real Estate

MAY 4, 2022

Boring as it may seem, the only way to know whether you will find any HOA regulations tolerable is to read them.

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HOA 36

Mortgagebroker News

MAY 4, 2022

No political or private entity has undue influence on the BoC's policies, officials say

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Housing Wire

MAY 4, 2022

Digital-mortgage exchange and loan aggregator MAXEX is launching a new loan-purchasing program for originators looking to tap into the growing mortgage demand from individual and small-business real estate investors. The exchange is unveiling a flexible DSCR [debt-service coverage ratio] loan-purchasing program designed to serve real estate investors, such as rental property owners, who “tend to prioritize property cash flow over interest rate,” MAXEX said in announcing the initiative.

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Mortgagebroker News

MAY 4, 2022

Toronto's Liberty Grand was sold out for one of the industry's most memorable events of the year

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Mortgage 63

GoForrmz

MAY 4, 2022

Embrace digital forms for your small business with five free templates from GoFormz Running a small business is tough, and running it smoothly can feel almost impossible some days. From the long hours to attracting clients, it’s definitely a tough path, but one that’s beyond rewarding. In honor of National Small Business Week , we here at GoFormz are proud to celebrate small businesses as an important cornerstone of our economy.

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Clients Business Design 148

Mortgagebroker News

MAY 4, 2022

The city's home price index also posted its first monthly decline since 2020

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Assurance Financial

MAY 4, 2022

In today’s economic climate, many homeowners may find it challenging to make their large monthly mortgage payments. Especially for first-time homeowners, an unwieldy mortgage payment may feel stressful and overwhelming. This is a common factor that drives many homeowners to seek refinancing. Because refinancing often results in a lower interest rate, some homeowners may also seek a new mortgage for that reason.

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