Housing Wire

APRIL 13, 2022

Mortgage application volume dropped 1.3% for the week ending on April 8, from the previous week, as mortgage rates eclipsed the 5% mark. Refinance applications fell 5% from the prior week and 62% from the same week a year ago, according to the Mortgage Bankers Association ‘s weekly survey. “Mortgage rates have spiked more than 1.5 percentage points thus far in 2022,” Mike Fratantoni, MBA’s senior vice president and chief economist, said in a statement.

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Mortgage Retail Housing Market Marketing 504

Appraisal Buzz

APRIL 13, 2022

Panorama Mortgage Group (PMG) has launched a new brand, Prosperity Capital Mortgage, a full-service mortgage lender serving Dallas, Houston, Austin, San Antonio, Las Vegas, Reno, and Sacramento, with plans to expand throughout the country. Ramaj Balley will serve as president of Prosperity Capital Mortgage. The company will use PMG’s mortgage platform to help achieve its goal of expanding homeownership opportunities nationwide, the company says in a release.

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Housing Wire

APRIL 13, 2022

Despite advances in technology, the mortgage industry still lacks efficiency. Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. After all, it still takes 43 days, on average, to close a loan. “Realistically, it’s still basically the same industry,” Brian Woodring, chief information officer at Rocket Mortgage , said on Tuesday during the Mortgage Bankers Association ’s Technolo

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Appraisal Buzz

APRIL 13, 2022

BLOG VIEW: With rising rates and home prices consistently going up, homeownership may seem like a far stretch for some. In fact, in 2021, the median age of homebuyers was 45, compared to 31 in 1981, according to the National Association of Realtors. This is quite a significant jump in a short amount of time – and may cause individuals under 45 to feel like homeownership is unattainable.

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Housing Wire

APRIL 13, 2022

Fast-rising interest rates, up 1.5 percentage points over the past three months, have thrown a wrench into the mortgage origination and private-label securitization markets. Refinancing is plummeting, purchase activity is softening, and rate volatility is making secondary market deals harder to price efficiently across prime and non-prime/non-QM deals.

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Mortgage Marketing Sellers Buyers 375

Appraisal Buzz

APRIL 13, 2022

Mortgage bankers made an average profit of $2,339 on each loan they originated in 2021, down from a record $4,202 in 2020, according to the Mortgage Bankers Association’s (MBA) Annual Mortgage Bankers Performance Report. Still, that’s no reason to weep, as “2021 was another stellar year for independent mortgage bankers, with production profits well above average,” says Marina Walsh, CMB, vice president of industry analysis for the MBA, in the report.

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Appraisal Buzz

APRIL 13, 2022

As part of “Listapalooza,” Realtor.com has released a slew of new data showing that potential sellers should think about preparing their home to sell now, during the time leading up to the traditional market frenzy that occurs starting in late spring to the end of summer. According to Realtor.com, 64% of prospective sellers anticipate doing … The post Survey: Majority of Potential Sellers Plan to List by Summer’s End appeared first on DSNews.

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Sellers Appraisal Marketing 195

Housing Wire

APRIL 13, 2022

Title insurance protects borrowers from financial loss if the lender discovers a defect in the title to the property (for example, a previous mortgage) and demands a borrower to pay back the loan. Title insurance also guards against loss in the event that someone makes a valid claim to take possession of a borrower’s home; not because they don’t own it, but because they have an earlier legal right to do so.

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Lending Insurance Legal Business 334

Appraisal Buzz

APRIL 13, 2022

Today’s Buzzcast interview is with Joe Gentile, Vice President of Real Estate for Pearl Certification. We sat down with Joe and Joan Trice, Founder of Allterra Group, LLC to discuss energy efficiency, green certification, and how these can impact appraisers every day. What does having a Pearl certification mean? What does energy efficiency mean for the future of the appraisal industry?

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George Dell

APRIL 13, 2022

EBV measures markets, rather than compares comps. In the traditional appraisal process, the appraiser ‘picks some comps’, then adjusts any differences in each comparable to the subject feature. In EBV (Evidence Based Valuation©), the analyst identifies all the competitive sales, then applies predictive algorithms. Which system is more USPAP compliant?

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Appraisal Process Valuation Appraisal Marketing 195

Appraisal Buzz

APRIL 13, 2022

Reggora , an appraisal software company for lenders, appraisers and borrowers, has signed a new enterprise agreement with ICE Mortgage Technology , part of Intercontinental Exchange Inc. (ICE). Reggora will leverage Encompass Partner Connect API to integrate its appraisal management platform with ICE Mortgage Technology’s Encompass and LO Connect loan origination products.

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Eyes on Housing

APRIL 13, 2022

According to the latest Producer Price Index (PPI) report released today by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted) climbed 1.4% in March, following an upwardly revised increase of 2.2% in February and 4.1% in January. This adds up to an 8% jump in building materials prices since the start.

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Construction 202

Appraisal Buzz

APRIL 13, 2022

Cornerstone Home Lending has launched its full service, in-house mortgage loan servicing operation for new loan originations. The residential mortgage company’s team of servicing professionals will be led by Toby Wells, Cornerstone’s managing director of loan servicing. The company also selected Black Knight’s servicing technology platform to support the division. “Providing a remarkable customer experience remains one of Cornerstone’s key core convictions since our found

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Appraiserblogs

APRIL 13, 2022

…the imploding rules then implemented, and the scope creep that evolved because the cart was leading the horse, has severely lessened the reliability of ALL appraisals in my opinion. ANSI, while certainly worthy of discussion and taking a position on, will not solve the real “appraisal problem” that we all have. It really isn’t an effective tool anyway, but what the heck do I know.

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Appraisal Buzz

APRIL 13, 2022

Gateless , a technology company providing the mortgage industry with AI solutions, has partnered with Google Cloud to accelerate document classification and extraction coverage used by its Gateless Smart Underwrite solution. The partnership will connect Google Cloud’s DocAI capabilities, which uses machine learning on a scalable cloud-based platform to help organizations efficiently scan, analyze and understand documents, with Gateless’ proprietary technology to materially increase t

Mortgage 195

Mortgage Technology Appraisal 195

Lamacchia Realty

APRIL 13, 2022

We are proud to share that long time employee, Nicole Leblanc, has been promoted to the role of Business Development Manager. Nicole has worked in the Business Development Department since early 2019, prior to that Nicole was a REALTOR with the company. Even then, Nicole was constantly referring other agents into the company, eager to help find success as she had.

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Development Business Realty Realtors 69

Appraisal Buzz

APRIL 13, 2022

More than 189,000 homes and apartment units nationwide were financed by Ginnie Mae to close out Q1 of 2022. The post Ginnie Mae MBS Issuance Drops to $51.18B in March appeared first on DSNews. The post Ginnie Mae MBS Issuance Drops to $51.18B in March appeared first on Appraisal Buzz.

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Finance Appraisal 150

Lamacchia Realty

APRIL 13, 2022

3 RULES WHEN STAGING YOUR HOME TO SELL. There is an art to selling homes. A large portion of that pertains to your agent’s skills and techniques, but don’t discount what the sellers can do as well. Once a seller has the right agent, most likely, the next task will be to prepare the home for sale by staging it for showings and pictures.

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Decorating Sellers Buyers Realty 67

Appraisal Buzz

APRIL 13, 2022

According to a new report from Redfin, a record 32.3% of its users nationwide looked to move to a different metro area in Q1 — up from 31.5% a year earlier, and up significantly from 26% in 2019. The share of homebuyers looking to relocate to other parts of the country picked up in mid-2020 … The post Large Share of Buyers Migrating from Seattle to Phoenix appeared first on DSNews.

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Buyers Appraisal 150

Mashvisor

APRIL 13, 2022

Searching for MLS listings near me without a real estate agent will probably be difficult—but it’s possible. So, how do you get started? Table of Contents What Is MLS?

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Realtors Real Estate Agent Real Estate Agents 68

Appraisal Buzz

APRIL 13, 2022

As pandemic forbearance plans continue to expire, borrowers are continuing to choose loan modifications and other repayment options going forward. According to Fitch Ratings’ fourth-quarter 2021 Residential Mortgage Backed Servicer Metric Report, servicers reported a decline in loan modifications from 40% during the third quarter of 2021 to 24% in the fourth quarter.

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Appraisal Mortgage 150

BiggerPockets

APRIL 13, 2022

The importance placed on closing deals, especially in real estate and sales, can trick us into believing that closing deals is different or harder than any other goal. But no […].

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Real Estate Investors 67

Mashvisor

APRIL 13, 2022

Though Airbnb is one of the largest platforms for short term vacation rental properties, there are other sites available that can be just as helpful.

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Tools Investors Real Estate 68

BiggerPockets

APRIL 13, 2022

Mobile home park investing wasn’t very attractive until a few years ago. Thanks to big names in the mobile home park space (like BiggerPockets’ own Brandon Turner), the mobile home […].

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Investors Investing Real Estate 57

Mashvisor

APRIL 13, 2022

Charlotte is a fast-growing city. It has a thriving economy and booming tourism. Hence, investing in Charlotte rental properties is a good idea.

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Investing Housing Market Marketing Investors 67

Mortgagebroker News

APRIL 13, 2022

Both fixed and variable mortgage rates look destined to continue a steady upward climb in the coming months

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Mortgage 61

Clear Capital

APRIL 13, 2022

Story by Pierre Brunelle with Authority Magazine. As part of our series about “How To Effectively Leverage Data To Take Your Company To The Next Level”, I had the pleasure of interviewing James Marshall. James Marshall is the Director of Real Estate Analytics Products at Clear Capital, a national real estate valuation technology company. In this capacity, James defines the vision and long-term strategy of the company’s suite of best-in-class analytics products.

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Valuation Real Estate Technology Development 36

Mortgagebroker News

APRIL 13, 2022

The decision marks the central bank's first oversized rate increase for nearly 22 years

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Willowbrook Valuation

APRIL 13, 2022

Willowbrook Valuation has extensive experience working with commercial real estate clients throughout the mid-Atlantic region, and one of our principals lives right in Baltimore. Back in February, we posted a blog focusing on the hottest activity in the eastern Baltimore County area. This time, let’s head to the west end of the Baltimore Beltway and […].

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Real Estate Valuation Clients 36

Mortgagebroker News

APRIL 13, 2022

This group is seeing increased market influence despite accounting for a relatively small number of owners

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Marketing 55

Housing Wire

APRIL 13, 2022

With interest rates on the rise, refis trending downwards and a significant decrease in purchase volume brought on by low inventory, mortgage lenders are looking for smart solutions to combat margin compressions in 2022 and beyond. HousingWire recently spoke with Maylin Casanueva, President of Teraverde, about the importance of data-driven decision making and the power insightful data can have on the overall health of a lender’s business.

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Lending Tools Business Inventory 368

Mortgagebroker News

APRIL 13, 2022

The worst effects of the low-rate environment are now becoming apparent

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Housing Market Marketing Mortgage 64

Housing Wire

APRIL 13, 2022

In this HW+ Slack Q&A , HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more. As a member of HW+, you can us join for regular 30-minute Slack Q&As, where we invite the HW Media newsroom to break down the hottest topics in the industry. The Q&A was hosted in the HW+ Slack channel, which is exclusively available to members.

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Housing Market Marketing Mortgage Inventory 429

Mortgagebroker News

APRIL 13, 2022

Mounting home prices and the central bank's rate increases take their toll

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Housing Market Marketing 61