Wed.Jan 04, 2023

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New cash-out fees add to pain for mortgage lenders

Housing Wire

The last week of the calendar year is usually a slow time for the mortgage industry, but 2022 was something else. It represented the lowest level of activity in 27 years. “With mortgage rates still well above 6% and the threat of a recession looming, mortgage applications continued to decline over the past two weeks to the lowest level since 1996,” Joel Kan, Mortgage Bankers Association ‘s vice president and deputy chief economist, said in a statement.

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Construction Job Openings Likely Peaked

Eyes on Housing

The count of open, unfilled jobs for the overall economy declined slightly in November, falling from 10.51 million open positions to 10.46 million. This represents a decrease from a year ago (10.92 million), a sign the labor market is slowing in response to tighter monetary policy. The degree of this slowing will be critical for the ongoing downshift in the.

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FormFree raises $55,000 for American Red Cross

Housing Wire

Mortgage technology provider FormFree gives back to those in need in Northeast Georgia in a big way. FormFree hosted its third annual Heroes Golf Classic and raised nearly $55,000 for the American Red Cross. The donations will go toward disaster relief and hosting future blood drives. The CEO of FormFree, Brent Chandler, is also on the board of directors for the American Red Cross.

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Tiburon Home Values (Housing Market Trends and Charts)

Realvals

The charts provided accurately depict the real estate market in Tiburon, California, using data from the local Multiple Listing Service (BAREIS MLS). These charts are updated monthly and include a full year of information, giving a complete view of current market trends in the area. * Bookmark this page if you want to keep up with the real estate market trends in the town of Tiburon. *.

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PrimeLending sues FCM for poaching 10% of its workforce

Housing Wire

Texas-based PrimeLending is suing its direct competitor , First Community Mortgage, Inc. (FCM), for raiding its talent pool. . According to a lawsuit filed on December 20 in a district court in Tennessee, First Community Mortgage, Inc. (FCM) orchestrated a mass departure of PrimeLending’s Mid-America employees — who allegedly left on the same date without notice. .

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Builders Are Getting Frustrated, And Now They’re Doing This

BiggerPockets

The mixture of (relatively) high interest rates and economic volatility with the fact most homeowners have fixed, low-interest rate debt had induced what real estate economist Bill McBride refers to as the “sellers […].

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Learn How to Invest in Real Estate With This Simple 3-Step Guide

Mashvisor

Are you looking to learn how to invest in real estate in 2023? Here’s our comprehensive guide to getting started in three simple steps.

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What should be top of mind for agents and brokers in 2023?

Mortgagebroker News

Principal broker on the most important steps to dealing with a changing market

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Housing Market Recession

Housing Wire

This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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How many new immigrants came into Canada last year?

Mortgagebroker News

Feds reveal the volume of new arrivals into Canada

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What does work finaled mean?

San Jose Real Estate

When completing or reading home sale disclosures, you may see something about “work finaled” What does that mean? It’s simply asking if the county, city, or town inspector came to the property to sign off or final completed work. This happens after the home owner has paid for permits, had the work completed, and then […].

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What factor will significantly impact the Canadian economy in 2023?

Mortgagebroker News

BMO Economics outlines possibilities for the year ahead

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Eyeing expansion, Go Mortgage snags 160+ former FoA employees

Housing Wire

More than 160 employees from the now-shuttered Finance of America Mortgage have landed at Go Mortgage , a Columbus, Ohio-based lender. After Finance of America Companies closed its forward mortgage origination unit in October, a total of 21 FoA retail branches transitioned to Go Mortgage, said Steven Reich, a division president at Go Mortgage and former executive at FoA, in an interview with HousingWire.

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What's the best way to market to millennials and Gen Xers?

Mortgagebroker News

VP talks mortgage professionals through the steps they need to take

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How title companies are combating wire fraud

Housing Wire

Cyberattacks, particularly wire fraud through business email compromise, remain a major concern for the title industry. Attempted attacks increased significantly, according to a 2022 survey by the American Land Title Association , with 46% of respondents saying their employees receive at least one email a month attempting to change wire or payoff instructions.

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Major federal boost for New Brunswick housing announced

Mortgagebroker News

New six-storey housing complex to bolster region's supply

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4 GoFormz Features to Try This Year

GoForrmz

4 features to check out this year to upgrade your mobile forms GoFormz is the leading mobile forms platform that’s revolutionizing the way people work. With our customizable form builder, you can equip your mobile forms with powerful features, like online form sharing, eSignatures, and more! Our goal is simple: to make your life easier one form at a time.

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What's the current prime tenant in the Vancouver office market?

Mortgagebroker News

Avison Young outlines the latest

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Appraiser Professional Goals

Appraisal Today

1-6-23 NEWSLETTER. Appraisers Share Their Top Professional Goals for 2023. By: McKissock (Survey). Excerpts: Maintain my current business (26%). Earn a designation or certification (16%). Grow my business (15%). Prepare for retirement (12%). “I would like to turn over my appraisal business to my daughter, who is certified.”. Should have retired last year but put it off due to the high amount of requests!”.

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What Could Make Home Prices Drop in 2023?

Empire Appraisal Group

What Could Make Home Prices Drop in 2023? Source: What Could Make Home Prices Drop in 2023? | Florida Realtors. Buyer demand has dropped due to rising rates, and seller supply slowed too, creating an uneasy balance. But if buyers drop or sellers expand more, it will impact prices. NEW YORK – The U.S. housing market is in an uneasy state of equilibrium.

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Bias and Discrimination in Reports, Yes or No?

Appraiserblogs

Appraisers, should we include discussion of B&D in our reports? Wait, What?? Bondage and Discipline? No, not that. Bias and Discrimination. Yes, it must be addressed very clearly. Now, before you blow a cork or throw your mouse at the computer screen, let’s examine what’s really been impacting ‘us’ for the past 4 plus years. One of our peers, who’s become somewhat famous for the way articles are written about appraisal and other topics, had a recent article ‘rebroadcasted’ in AppraisersBlogs

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How to TRIPLE Your Rental Property Income with Group Home Investing

BiggerPockets

Assisted living investments may be the most underrated, unknown, but ridiculously profitable real estate investment out there. For many investors, turning their single-family home into assisted or senior living seems […].