Housing Wire
DECEMBER 7, 2022
Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? Now, with five weeks of data in front of us, we can say they have stabilized the market. Purchase application data came out on Wednesday and the week-to-week data was down 3%, breaking the streak of four straight weeks of growth.
George Dell
DECEMBER 7, 2022
Appraiser education is part of the “Big Stymie.” The five forces of friction: practices, standards, education, regulation, and client expectation – all interact to impede progress in appraisal. And of these, regulation and education create the long-term blockage. A blockage that will not be resolved until we have a political response to the reality.
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Housing Wire
DECEMBER 7, 2022
Industry analysts say they expect loan volume to remain depressed for at least the next two quarters, meaning it will be a long winter for loan originators. The recent declines in mortgage rates brought a glimmer of hope that borrowers might be developing more of a stomach for home loans. But even with the drop in rates to the mid-6s, the market is still nowhere near ‘normal,’ and consequently, industry experts predict a long, cold winter for loan officers. “We are going into t
Riverfront Appraisals
DECEMBER 7, 2022
Over the years, we’ve collected some of the most frequently asked questions from Realtors, and here they are for you – with answers! If you have any additional questions, feel free to reach out to Ryan personally at ryanbays@riverfrontappraisals.com Who Needs to Be at Home During an Appraisal? The next time you schedule an […]. The post The Realtor’s Guide to Appraisals Part 12: FAQs appeared first on Riverfront Appraisals.
Housing Wire
DECEMBER 7, 2022
The Consumer Financial Protection Bureau stated on Tuesday that it will be lenient when enforcing changes made in the 2020 Home Mortgage Disclosure Act Final Rule on the closed-end loan reporting threshold. On September 23, 2020, the U.S. District Court for the District of Columbia issued an order vacating the 2020 HMDA Final Rule, changing the reporting data on closed-end mortgage loans to 25 from 100 in each of the two preceding years going back to the threshold set in 2015.
Birmingham Appraisal
DECEMBER 7, 2022
How Can Homeowners Save Money With Today’s High Inflation? Over the past 2.5 years, we have seen an unprecedented increase in home prices. This was brought on in part by the COVID pandemic and the subsequent lowering of interest rates. The lower interest rates and pent-up demand for home buying created a perfect storm for prices to skyrocket. The lower interest rates helped people get off the fence to buy a home but with a large number of buyers and a limited supply of homes prices had now
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
BiggerPockets
DECEMBER 7, 2022
A recent report from Zillow highlights the U.S. affordability crisis creatively. Rather than just focusing on the rapid price growth in rents across the country over the past couple of years, the […].
Lamacchia Realty
DECEMBER 7, 2022
Lamacchia Realty announced in late November that the company would be opening an office in the Southington, Connecticut area. This new office will be a home to the current roster of Connecticut licensed Lamacchia Realty agents as well as new staff and agents that have joined in the past few weeks. The office, located at 930 Meriden Waterbury Turnpike in Plantsville (a neighborhood of Southington) is officially open as the short term location until a more permanent branch office is established i
Buys Brokers Only LLC
DECEMBER 7, 2022
Home buyers and sellers have found themselves in an unusual real estate market full of contradictions heading into the winter and 2023.
Lamacchia Realty
DECEMBER 7, 2022
Colleen Crowley has officially qualified for the 2022 Lamacchia Realty President’s Club by selling 33 homes this year! This is her second year in a row qualifying for the prestigious distinction, and we couldn’t be more thrilled! Colleen’s work ethic is unparalleled and she is highly dedicated to helping her clients reach their goals. She has been helping clients buy and sell in Worcester county for over a decade and was even named a top producer for the company in 2020 and 2021.
BiggerPockets
DECEMBER 7, 2022
Finding financial freedom is hard enough, but doing so right after going through a toxic divorce can seem almost impossible. All of a sudden, you’ve gone from a two-income household […].
Lamacchia Realty
DECEMBER 7, 2022
Lizbeth Lopez has officially been promoted to Office Manager! Lizbeth will now be the office manager of the Lamacchia Realty Fort Lauderdale branch office. She has done a tremendous job as the Administrative Assistant at the office until now, helping to spearhead the brokerage’s presence in South Florida. As the Administrative Assistant, Lizbeth impressed everyone with her ability to tackle new things and make every agent that joined feel at home.
Mortgagebroker News
DECEMBER 7, 2022
The city has posted big yearly declines in recent months – but could a change be on the way?
Lamacchia Realty
DECEMBER 7, 2022
A GUIDE TO ADJUSTABLE-RATE MORTGAGES (ARMs). Buying a new home is certainly exciting, and there are several decisions you’ll have to make throughout the process. How many bedrooms? What kind of neighborhood? While these are all important questions to consider, one of the most crucial decisions you’ll make is what type of mortgage will work best for you.
Mortgagebroker News
DECEMBER 7, 2022
Hike marks the first time since 2008 that the policy rate has hit or surpassed 4%
Housing Wire
DECEMBER 7, 2022
As the housing market continues to slow, Doma is the latest industry firm to undergo layoffs. In a Securities and Exchange Commission filing from December 2 and posted on December 6, the title insurer announced that it was eliminating 515 positions, or roughly 40% of the company. In the filing, Doma said the layoff was part of the firm’s “reduction plan,” which is “designed to improve local branch-level profitability, and focus resources on its instant underwriting capabilities.”.
Mortgagebroker News
DECEMBER 7, 2022
Why organizations need to create workplaces that are part of an overall employee retention strategy
Eyes on Housing
DECEMBER 7, 2022
The Census Bureau’s latest Survey of Construction (SOC) shows modest changes in the share of number of bedrooms for new single-family homes in 2021 compared with the previous year. The current estimates indicate the share of new single-family homes with 2 bedrooms or less is 9.2%, 3 bedrooms, the largest share, had a share of 44.5%, 4 bedrooms make up.
Mortgagebroker News
DECEMBER 7, 2022
The lender's director of underwriting told CMP about a huge 12 months for the company
Appraiserblogs
DECEMBER 7, 2022
Preference falsification has resulted in some appraisers parroting talking points they know to be untrue. People who live under authoritarian regimes rarely reveal their true feelings. They get used to lying. Parroting the party line becomes second nature in oppressive societies. It’s not a reflection of one’s moral compass but a survival mechanism.
Mortgagebroker News
DECEMBER 7, 2022
Industry association reports the market's latest performance level
Mortgagebroker News
DECEMBER 7, 2022
Federal government launches next tranche of funding for solutions incubator
Mortgagebroker News
DECEMBER 7, 2022
CIBC outlines both likely and implausible scenarios
Mortgagebroker News
DECEMBER 7, 2022
Equifax Canada reveals latest figures
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