Mon.Apr 25, 2022

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A shift in demand in the housing market

Sacramento Appraisal Blog

Do you feel that? It’s change. The housing market is still elevated, but there’s no mistaking a different temperature – especially over the past week. STUFF ON MY MIND: This is designed to scroll quickly or digest slowly. The goal is to highlight stats and things I’m watching. An elevated market with a shift in […].

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CrossCountry strikes a deal to acquire LendUs

Housing Wire

Ohio-based CrossCountry Mortgage has entered into an agreement to acquire California-based retail lender LendUs , multiple sources familiar with the deal told HousingWire. . Founded in 2003 by mortgage broker Ron Leonhardt, CrossCountry originated $52 billion in mortgages in 2021, up 22% year-over-year, checking in as the 17th biggest lender in the country, according to Inside Mortgage Finance.

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New Black Knight Tool Identifies Possible Minority Bias in Home Valuation Process

Appraisal Buzz

Black Knight Inc. has launched CA Risk Profiler Plus, a tool designed to help mortgage lenders, appraisers and appraisal management companies (AMC) identify potential minority bias in the home valuation process. By flagging potentially problematic valuations, CA Risk Profiler Plus enables a more rigorous collateral review process that can help reduce risk exposure for lenders and appraisers and support more equitable underwriting decisions. “Today’s appraisers must balance market dem

Valuation 195
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FHFA gets blowback on proposed liquidity requirements

Housing Wire

During the market disruption in March 2020, the value of mortgage servicing rights became temporarily disconnected from mortgage rates. Large mortgage sellers and servicers faced severe margin calls , and it took several weeks for them to get the go-ahead from the Federal Housing Finance Agency to draw on their liquidity buffers. It’s a scenario that large nonbanks are hoping not to repeat.

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Delinquency Rate Drops To Record Low

Appraisal Buzz

Black Knight Inc. has released a “first look” the latest iteration of its Mortgage Monitor Report for March 2022, which looks at delinquency and foreclosure rates across the U.S. According to Black Knight’s data, March usually sees the strongest performance of any month; delinquencies typically fall by an average of 10% during the month, but March … The post Delinquency Rate Drops To Record Low appeared first on DSNews.

Appraisal 195
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Jim Linnane tapped to lead retail mortgage lending at Flagstar

Housing Wire

Jim Linnane, the former head of retail at Stearns Lending , has joined Flagstar Bank as the president of the company’s distributed retail mortgage division. Linnane, who worked at Wells Fargo for 15 years and also ran national sales at Guaranteed Rate, will head Flagstar’s efforts in strategy, sales, growth, recruitment and operations for the division. “He’s a results-oriented team-builder with a demonstrated ability to grow people and organizations,” said Lee Smith, pres

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More Trending

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CFPB to use “dormant” Dodd-Frank power to regulate “risky” nonbanks

Housing Wire

The Consumer Financial Protection Bureau (CFPB) plans to revive “dormant” Dodd-Frank Act powers that would allow the watchdog to conduct supervisory exams on nonbanks or any “fintech” it believes is risky. “Given the rapid growth of consumer offerings by nonbanks, the CFPB is now utilizing a dormant authority to hold nonbanks to the same standards that banks are held to,” said CFPB Director Rohit Chopra in a statement.

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Mortgage Capital Trading Announces News Hires, Promotions

Appraisal Buzz

Mortgage industry veteran Scott Holtz recently joined Mortgage Capital Trading , Inc. (MCT), a fully-integrated provider of capital markets services and technology, as a member of the sales team in the South Region. Also, Peg Eaton has joined the comp[any as a regional account executive for the Northeast and Great Lakes Regions. In addition, Ben Itkin has been promoted to head of sales, while Boulton Brynteson and Chad Stone have been promoted to regional account.

Mortgage 195
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Builders’ Profit Margins Fall as Balance Sheets Grow

Eyes on Housing

The financial performance of any company is directly linked to the industry environment in which it operates. Factors such as the number and size of its competitors, barriers to enter or exit, capital requirements, economies of scale, or the bargaining power of customers and suppliers all play a role in the potential profitability of a company. Given this reality, one.

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HUD Backs Biden Administration’s Solar Goals

Appraisal Buzz

Residents of HUD-assisted properties in the D.C. region will be able to access new solar program without experiencing an increase in their housing costs. The post HUD Backs Biden Administration’s Solar Goals appeared first on DSNews. The post HUD Backs Biden Administration’s Solar Goals appeared first on Appraisal Buzz.

Appraisal 195
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Student Housing Investment Recovering from the Pandemic

Eyes on Housing

Private fixed investment in dormitories stood at a seasonally adjusted annual rates (SAAR) of $3.08 billion in the last quarter of 2021, according to the data released by Bureau of Economic Analysis. Student housing investment was 2.9% higher over the third quarter of 2021. However, private fixed investment in dorms was 20% below the last quarter of 2020 and 32%.

Investing 146
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Mortgage Delinquencies Drop to Record Low in March, Black Knight Finds

Appraisal Buzz

Black Knight Inc. ’s “first look” at March 2022 month-end mortgage performance statistics derived from its loan-level database shows the national delinquency rate dropped by more than half a percentage point in March. It fell to 2.84%, shattering the previous record low of 3.22% in January 2020. While March typically sees the strongest mortgage performance of any month – with delinquencies falling more than 10% on average over the past 20 years – this year’s.

Mortgage 221
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Appraisers Liable for Third Parties Data

Appraiserblogs

Ultimately the appraiser is responsible and liable for data collected by third parties. There has been a lot of discussion and debate among appraisers around liability issues for data collected by third parties for hybrid and desktop appraisals. On April 22, 2022, the Maryland Commission of Real Estate Appraisers cautioned its appraisers that they are responsible for the data they rely upon.

Appraisal 107
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Veros: Home Price Decreases Not Expected

Appraisal Buzz

In March, the U.S. Federal Reserve increased interest rates by a quarter of a point to address rising inflation and a litany of other economic problems stemming from the COVID-19 pandemic. Among other things, this interest rate increase was expected to make mortgages more expensive in the real estate sector, hopefully limiting soaring home prices … The post Veros: Home Price Decreases Not Expected appeared first on DSNews.

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5 Ways Real Estate Agents Can Give Back

McKissock

Want your real estate career to make an impact on your local community? There are ways real estate agents can give back and serve people in need. Through real estate charities and some creative thinking you can use your career to help others—you might meet some like-minded real estate agents while doing it, too. Check out these five ways real estate agents are giving back.

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Do We Need a Neighborhood Section?

Appraisal Buzz

This article was originally posted on Georgedell.com. Traditional appraisal says we should describe and analyze the subject neighborhood. In residential form reports, there is a section devoted to the neighborhood. In general narrative reports, there is a section devoted to the neighborhood. In fact, often there is great discourse about the town, the city, and greater things.

Valuation 150
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The Investor’s Guide to Finding Active MLS Listings Without a Realtor

Mashvisor

Most active MLS listings don’t provide investor-friendly information, such as rental income forecasts. Here’s how to change that. Table of Contents What Is an MLS in Real Estate?

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Mindset: How You Can Fulfill Your Potential and Break Barriers

BiggerPockets

“Untapped greatness lies within you. Born with unbounded potential, you have the capacity to do the impossible, and it is inherent in every human being. Unfortunately, most of us have […].

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7 Reasons Why Short-Term Rental Is a Good Investment in 2022

Mashvisor

Is it a good idea to invest in a short-term rental? Most people believe it is. Why? Because short-term rentals have proven to be more lucrative than long-term rentals.

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FHA/VA/USDA Common Repairs

Town & Country Residential Appraisals

No one likes to prolong the arduous process for obtaining a home loan any longer than it needs to be. There are a number of things at stake such as rate locks, dates for closing, costs incurred during the process, etc. As an appraiser qualified and approved to complete appraisal assignments for loans that are insured by FHA, USDA and the VA, there are a number of repairs that come up regularly that definitely prolong the process and cost the borrower additional fees.

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Mashvisor Property Search: Is It Still Helping Investors in 2022?

Mashvisor

Thousands of real estate investors have benefited from using the Property Search feature on Mashvisor.com. The question now is: Is it still relevant to investors today?

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CIBC: Economy, rate hikes will have significant cooling impact on market activity

Mortgagebroker News

The likely trajectory of the central bank’s increases to its overnight rate defies all initial expectations

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Why Hitting Your “Goals” Isn’t Enough & Where 95% of Investors Unknowingly Fail

BiggerPockets

What makes a millionaire mindset? Everyone knows what it takes to become successful: hard work, grit, tenacity, and (usually) some form of intelligence. But with so many people (real estate […].

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BoC considering another 50-basis-point hike: Macklem

Mortgagebroker News

The governor says the central bank is prepared to act "forcefully" to tackle the inflation crisis

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Why are Impact Windows so Important in Florida Homes?

Lamacchia Realty

IMPACT WINDOWS IN FLORIDA HOMES. Living in Florida comes with many advantages, from the warm weather to beautiful beaches, an affordable price of living, and beyond. However, it isn’t all sunshine, as the state’s nickname suggests. Longtime residents of Florida are all too familiar with the inclement weather that living in the South can bring. Hurricane season is of top concern for most Florida homeowners.

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FundMore CEO on the value of automation in underwriting

Mortgagebroker News

The company has developed software to help lenders automate and expedite the process

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Location research

San Jose Real Estate

Interested in a home or area? Location research is something you can do upfront, before seeing a home or neighborhood. Researching the commute time, crime, hazards, convenience, and more before visiting a property before seeing it can prevent wasting a lot of time. Realtors can provide valuable insight into homes, areas, disclosure package red flags, […].

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Poll: Deeper pessimism towards homeownership sets in

Mortgagebroker News

More and more Canadians are delaying their plans, Scotiabank says

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A property tax reckoning is coming

Housing Wire

In Spokane, Washington, a mortgage loan officer at a regional bank has seen five borrowers qualify for a mortgage for one amount, only to have that number slashed a few months later. “They were approved in December,” he said. “Now they’ve gone from $450,000 down to $325,000.”. The reason behind the change, he said, is not that they had a sudden reduction in income, or an emergency expense that drained their savings.

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The top five misconceptions about reverse mortgages

Mortgagebroker News

How HomeEquity Bank can help you address these myths

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Real House Prices Increase Nearly 31%

Appraisal Buzz

First American Financial Corporation released the February 2022 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state and metropolitan area levels. Because the RHPI adjusts for … The post Real House Prices Increase Nearly 31% appeared first on DSNews.

Appraisal 195
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Is it better to get a high ratio mortgage?

Mortgagebroker News

Plus: The difference between a high ratio and a low ratio mortgage

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New Quebec housing project highlights women's needs

Mortgagebroker News

The province is fast-tracking the development of nearly 1,500 social and affordable housing units

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Mortgage planner on building trust effectively

Mortgagebroker News

"I just have to show up as me"