Mon.Mar 07, 2022

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Welcome to Walmart. Here’s your mortgage

Housing Wire

Lenders One Cooperative announced on Monday that it has struck a deal to lease retail space in Walmart stores to sell mortgage products and services. The cooperative inked a deal for space at three Walmart locations, but said there are “many more opportunities to come.” Lenders One will be selling purchase, refinance and home equity products at its “store-in-store” branch locations.

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Mortgage Originations Reaches a Record $4.4 Trillion in 2021, Black Knight Reports

Appraisal Buzz

The Data & Analytics division of Black Knight Inc. has released its latest Mortgage Monitor Report, based upon the company’s mortgage, real estate and public records datasets. This month’s report looks into 2021’s record-breaking $4.4 trillion in mortgage originations and the distinct shift to an equity-driven refinance market.

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ATG to merge with Guaranteed Rate??

Housing Wire

Illinois-based title insurance underwriter Attorneys’ Title Guaranty Fund (ATG) has entered into an agreement to merge with mortgage lender Guaranteed Rate. ATG president and CEO Peter Birnbaum announced the plans for the merger in early January in an email to ATG agents and shareholders. The transaction is still subject to regulatory and shareholder approval, but it is expected to close later this month.

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Is Remote Work the Answer to Affordability?

Appraisal Buzz

2021 was not great in terms of affordability. As the median house price rose to $358,000 last year, affordability decreased in broad strokes across the country. While this was true of most major markets, there yet exist enclaves where affordability is much higher for first-time buyers. According to First American Economist Ksenia Potapov, affordability for … The post Is Remote Work the Answer to Affordability?

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ATG to merge with Guaranteed Rate

Housing Wire

Illinois-based title insurance underwriter Attorneys’ Title Guaranty Fund (ATG) has entered into an agreement to merge with mortgage lender Guaranteed Rate. ATG president and CEO Peter Birnbaum announced the plans for the merger in early January in an email to ATG agents and shareholders. The transaction is still subject to regulatory and shareholder approval, but it is expected to close later this month.

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MBA Awards Over $134,000 in Scholarships to 163 Women and Minorities

Appraisal Buzz

The Mortgage Bankers Association (MBA) has awarded more than $134,000 in scholarships to 163 women and minorities under its Path to Diversity (P2D) Scholarship Program during fiscal year 2021, ending September 30, 2021. The scholarships were given to industry professionals from MBA member companies who are seeking to advance their careers through MBA Education programs, courses and select conferences. “I want to congratulate all of the recipients who will be able to bolster their.

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Rising to the Occasion

Appraisal Buzz

From regulatory scrutiny to the changing needs and preferences of borrowers, mortgage servicers have a lot on their plate in 2022. A pair of recent Five Star webinars examined the best ways forward. The post Rising to the Occasion appeared first on DSNews. The post Rising to the Occasion appeared first on Appraisal Buzz.

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NAR Report Paints a Different Picture

Appraiserblogs

The study also shows the appraisal was the LOWEST scored item on the list of discriminatory practices… On February 23, 2022, NAR published the “2022 Snapshot of Race and Home Buying in America” report. The study examines homeownership trends and challenges by race and location to explain current racial disparities in the housing market. Using data from the 2021 Profile of Home Buyers and Sellers, the report looks at the characteristics of who purchases homes, why they purchase, what they purchas

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Refinancing Dropped in 90% of Metro Areas from Q3 to Q4 2021, ATTOM Report Finds

Appraisal Buzz

ATTOM ’s newly released Q4 2021 Residential Property Mortgage Origination Report reveals that mortgage lending across the U.S. in Q4 2021 was down for the third quarter in a row – by 11% from Q3 2021 and 13% from Q4 2020, marking the largest annual decrease since late 2018. According to ATTOM’s most recent mortgage origination analysis, the overall drop-off resulted from across-the-board quarterly declines in all three categories of conventional loans – purchase, refinance.

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Lamacchia Realty Announces Top Producing REALTORS® for February 2022

Lamacchia Realty

Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for February 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! February 2022 Winners of the Top 10 for the Company are: Cyndi Deshaies received her real estate license in March 2017.

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‘Good Time to Buy’ Sentiment Drops to New Low

Appraisal Buzz

New data released shows the Fannie Mae Home Purchase Sentiment Index (HPSI) increased by 3.5 points to 75.3 in February, but affordability constraints still continue to lead consumers’ outlook of the current and future housing market. Year-over-year, the full index is down 1.2 points. Overall, five of the index’s six components increased month-over-month, including the … The post ‘Good Time to Buy’ Sentiment Drops to New Low appeared first on DSNews.

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Lamacchia Realty Ranked 6th on BBJ List of Largest Residential Real Estate Firms in MA

Lamacchia Realty

The Boston Business Journal released The List of Largest Residential Real Estate Firms in Massachusetts for 2021. We are pleased to share that Lamacchia Realty ranked sixth on the list of twenty five firms! The firms were ranked by 2021 Massachusetts gross residential sales volume from closed transactions. Lamacchia Realty closed out 2021 with $1,620,984,965 in sales volume!

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Why Do So Few People Buy Affordable Properties at Auction?

Appraisal Buzz

The ease at which people could enter forbearance programs during the pandemic has caused a drastic drop in the number of distressed properties that are sold at auction. Now that many of these protections have expired some borrowers whom do not have sufficient equity to cover the transaction costs of selling plus the deferred principal … The post Why Do So Few People Buy Affordable Properties at Auction?

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NFT mania and the future of the home sale

Housing Wire

February 10 may go down as a momentous day in real estate history. That’s when a 70-year-old brick home in the St. Petersburg, Florida suburb of Gulfport sold for the equivalent of $654,310, where the asset exchanged was represented by a non-fungible token. Worldwide sales of non-fungible tokens, better known – of course – as NFTs, catapulted from $94.9 million in 2020 to $24.9 billion in 2021, according to an analysis of 10 different blockchain ledgers by DappRadar.

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VA Loans: An Untapped Market Opportunity in 2022?

Appraisal Buzz

BLOG VIEW: As the mortgage industry continues its shift from a refinance market to a purchase market, lenders are challenged to better identify qualified borrowers and help them achieve the American dream of homeownership. Accounting for more than 19 million Americans nationwide, with dedicated lending programs specifically designed to support them, military veterans represent a segment of the population that provides lenders with opportunity.

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10 Best Places for Buying a Vacation Home in New York in 2022

Mashvisor

After almost two years of being in a slump, the vacation rental industry is making a comeback, even in places like New York.

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Fannie Mae Survey Shows Majority See Rate, Price Increases Over Next Year

Appraisal Buzz

Fannie Mae ’s Home Purchase Sentiment Index (HPSI) increased by 3.5 points to 75.3 in February, but affordability constraints continue to drive consumers’ perception of the housing market. Overall, five of the index’s six components increased month over month, including the components measuring consumers’ perceptions of homebuying and home-selling conditions.

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PropertyRadar: What Is It, and How Is It Helping Real Estate Investors?

Mashvisor

In the world of real estate investing, one of the hardest tasks is to find a property that will be profitable. Where do you even start looking?

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Altisource Announces Changes to Its Board

Appraisal Buzz

Scott Burg has resigned from the Altisource Board, and will be replaced by Mary Hickok, current Managing Director at Deer Park Road Management Company. The post Altisource Announces Changes to Its Board appeared first on DSNews. The post Altisource Announces Changes to Its Board appeared first on Appraisal Buzz.

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Airbnb New Orleans: Should You Invest in 2022?

Mashvisor

Is it a good idea to invest in Airbnb New Orleans in 2022, or is it better to invest in long-term rentals instead?

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BiggerPockets Podcast 580: BiggerNews March: How a Surge of Foreclosures Will Impact the Housing Market w/Auction.com’s Daren Blomquist

BiggerPockets

The word “foreclosure” is forever stained in the minds of almost every American who lived through the great recession. News stories in 2010 would talk about the slew of families […].

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Russia-Ukraine crisis: How will it impact Canada's economy?

Mortgagebroker News

The conflict has sparked a sanctions regime against Russia and left financial markets reeling

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The State of Commercial Real Estate in Gaithersburg

Willowbrook Valuation

In our last blog, we looked at real estate trends occurring in Eastern Baltimore County. This time, we’re mixing it up and focusing on another promising area in the state of Maryland: Gaithersburg. Gaithersburg is part of the Washington metro area, southwest of Baltimore’s metropolitan area. Commuter’s Paradise The District of Columbia has a very […].

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Equifax: Amid pressures, new mortgage growth slows down

Mortgagebroker News

However, the average loan amount for new mortgages has exhibited a considerable annual increase

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Things to Love (and Hate) About Appraising

Appraisal Buzz

Is there a career with more inherent paradoxes than real estate appraising? It’s a highly social profession – and yet it’s solitary. Every appraisal decision we come to requires lots of verified data – but also our intuition and opinions. Our calendar fills up with orders when the real estate market heats up. But when the market nosedives, lenders need to reassess their portfolios – so, again, our calendar fills up with orders.

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Canada ICI sets its sights on BC market

Mortgagebroker News

New Vancouver office is a signal of intent in Canada’s westernmost province, managing partner tells CMP

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Types of mortgage fraud you need to know about

Mortgagebroker News

There are a variety of fraud types that borrowers should be able to recognize

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Feds announces massive investment in Nunavut housing supply

Mortgagebroker News

Governments have allocated substantial sums towards seven simultaneous projects

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StatCan: Values of most building permits drop

Mortgagebroker News

The most prominent declines were seen in Ontario and BC

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How this mortgage industry veteran boosts his knowledge base

Mortgagebroker News

"Don't go at it alone"