Mon.Aug 08, 2022

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This app lets homeowners generate floor plans of their homes for free

Housing Wire

In a recent survey by the National Association of Realtors , floor plans ranked as the third most desired listing feature for homebuyers, after photos and detailed listing information. But floor plans are a relative rarity on multiple listings services: only 10-15% home listings in the U.S. have floor plans. CubiCasa , a real estate software company based in Finland, launched a new product to enable homeowners to generate floor plans at no cost through their app.

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Fannie Mae is Bullish on Appraiser Trainees

Appraisal Buzz

Appraisers who have had the opportunity to participate in an appraiser conference recently have probably noticed a recurring theme from Fannie Mae – the importance of supervisory appraisers training the next generation of appraisers. Why is this so important to us? In simple terms, we are a risk management company. Guided by principles of good risk management and our mission defined by our congressional charter, the Fannie Mae Selling Guide states the policy requirements for the loans we acquire

Appraisal 397
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Opinion: Changing real estate compensation harms fair housing

Housing Wire

Critics argue that prospective homebuyers should pay real estate agents directly out of pocket — as opposed to the more common practice of the listing broker paying the buyer broker’s compensation. What those critics fail to account for are negative effects this would have on fair housing in America. This push toward “decoupling commissions” is a movement built on assumptions that have been dispelled — once again — by a recent, nationwide study that demonstrates the harmful effects this proposed

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Housing Markets Transition Toward New Normal

Appraisal Buzz

New data from Realtor.com and the Wall Street Journal revealed the economy and housing markets are moving through a transition toward a new normal this summer, as consumers maintained an active pace of retail spending —even with surging inflation— as a strong labor market maintained upward movement on wages. The pressure of rising prices is … The post Housing Markets Transition Toward New Normal appeared first on DSNews.

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Credit unions get some love from Ginnie Mae

Housing Wire

Ginnie Mae , which guarantees loans to veterans and Federal Housing Administration borrowers, is changing its attitude toward credit unions. In a change to its capital requirements, which set minimum standards for its issuers, Ginnie Mae will treat credit unions more like banks. Representatives for credit unions have sought the change since July 2021, when Ginnie Mae announced new proposed capital requirements.

Finance 382
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Unexplored Territory

Appraisal Buzz

The past 24-plus months have confronted the mortgage and servicing industries with challenges both daunting and immediate. DS News polled a cross-section of industry experts on what they’ve learned and where we go from here. The post Unexplored Territory appeared first on DSNews. The post Unexplored Territory appeared first on Appraisal Buzz.

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More Trending

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Fannie Mae: Potential Homeowners Becoming Increasingly Concerned With Market

Appraisal Buzz

The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 2.0 points in June to 62.8, its second-lowest reading in a decade, according to their latest report. Surveyed consumers continue to express pessimism about homebuying conditions, with only 17% (down from 20%) of respondents reporting it’s a good time to buy a home, while the percentage of … The post Fannie Mae: Potential Homeowners Becoming Increasingly Concerned With Market appeared first on DSNews.

Marketing 150
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Home purchase sentiment hits lowest level in over a decade

Housing Wire

Please introduce us to the brave 17% of consumers who think now is a good time to buy a home. Fannie Mae’s Home Purchase Sentiment Index fell two points in July to 62.8, its lowest reading since 2011. Year over year the index is down 13 points. Overall, just 17% of respondents said it was a good time to buy a home in July, down from 20% a month prior, but 76% said it was a bad time to buy, up from 75% in June.

Mortgage 370
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July Bankruptcies Fall 5% YoY

Appraisal Buzz

Epiq, an Atlanta-based provider of intelligence to the legal services industry, has released its July 2022 bankruptcy filing statistics from its new Bankruptcy Analytics platform which found that filings decreased by 4.0% last month representing 30,848 filings of all types, down from the 32,175 filings seen in June, and 32,508 filings seen in May. Year-over-year, this number … The post July Bankruptcies Fall 5% YoY appeared first on DSNews.

Legal 195
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Learn how to reach homebuyers in a purchase market at HW Annual Oct. 3-5

Housing Wire

Locking in home sellers and homebuyers in this market requires a lot more strategic planning and intentionality given how rapidly the market is shifting. To help you feel as equipped and informed as possible for today’s fast-changing market, we’re excited to hold the “ Reaching homebuyers in a purchase market ” panel at HousingWire Annual on Oct. 5.

Marketing 370
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June Job Openings and Monetary Policy Considerations

Eyes on Housing

The construction labor market is cooling off as economic activity slows in response to tighter monetary policy per the latest job openings data. Given the Fed’s dual mandate of fighting inflation and maintaining maximum employment, macro price and jobs data are key to informing the Fed’s future policy moves. Inflation remains near a 40-year high and payroll employment growth is.

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Why non-QM lending is not going away

Housing Wire

Non-QM lenders have been going through a turbulent time in the past few months. HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. HousingWire: Given the recent news about a few non-QM lenders shutting down, some loan officers might be hesitant about working with non-QM.

Lending 381
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What Are They Lobbying For?

Appraiserblogs

TAF spent $1.4 million dollars lobbying over the past four years using the revenue they take in from appraisers… To set the stage of the complete disdain for the appraisal industry and the public trust… In the 2019 TAF 990 Filing, and based on the assumption their compensation has increased in the last three years, the two leaders of TAF, Dave & Kelly, run a 12 employee entity and make a staggering ± $750,000 annually.

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Cenlar FSB taps co-CEOs to replace Greg Tornquist

Housing Wire

Cenlar FSB , the nation’s second-largest mortgage servicer and largest sub-servicer, has installed new leadership following the retirement of its president, CEO and chairman Greg Tornquist. Tornquist served the company for 35 years and became CEO in 2008. Dave Applegate, a board member since 2020, has been named the company’s chairman. Chief Operating Officer Rob Lux was named co-CEO for operations, technology, business development, client management, human resources, and legal.

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Eileen Doherty is the First to Qualify for 2022 Lamacchia Realty President’s Club ELITE

Lamacchia Realty

Eileen Doherty has officially qualified for the 2022 President’s Club ELITE! Eileen is the first Lamacchia REALTOR® to achieve this milestone, and she was also the first to join the 2022 President’s Club in June ! Eileen was the first member of the 2020 President’s Club ELITE and joined the club again in 2021 ! Additionally, Eileen has been a member of the President’s Club since its inception, making it previously in 2017 , 2018 , 2019 , 2020 , and 2021.

Realty 74
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How Much Rent Can I Get for My House?

Mashvisor

If you’ve been asking yourself the same question, “how much rent can I get for my house?” stop right there—we’ll show you how to calculate it.

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Buyers and Sellers Are Not on the Same Page and It’s Only Going To Get Worse

BiggerPockets

This is not the first time we’ve been here. In fact, it’s the second time already in our short trek through this century. But we can learn from others’ mistakes. […].

Sellers 61
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But I Paid For The Appraisal!

Town & Country Residential Appraisals

Many times when speaking with a borrower, we are asked the question “Will I receive a copy of your report?” The answer to that is mostly yes but not in the way that most are expecting. Lenders have specific guidelines as to when and how a borrower receives a copy of the appraisal. In short, for first lien mortgages, lenders are required to provide a free copy of the appraisal report promptly after the report is completed and no later than 3 days prior to the loan closing.

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Building Wealth Like Warren Buffett & Lessons Learned from Billionaires

BiggerPockets

Every investor has wondered how to invest like Warren Buffett. He’s arguably the best stock trader of all time—preaching the fundamentals of investing in equities, something that most modern-day investors […].

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"Don't panic" on housing market: principal broker

Mortgagebroker News

Prominent executive sees cause for optimism despite recent cooldown

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Los Gatos Real Estate Market Trends

San Jose Real Estate

The Los Gatos real estate market is varied from one price point or school district to the next, but over all, this is a fairly stable period and properties continue to sell at an average of over 100% of the list price. Here are the current numbers, per my Los Gatos real estate report (click on the link for full information). The Los Gatos Mountains are a distinctly different market and as such are covered in a separate market update, updated less frequently than here, which shows live Altos char

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Exec on making the most out of a brokerage's professionals

Mortgagebroker News

Ensuring competence at all levels allows a brokerage to maximize its output

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SFR Market Grows in the First Half of 2022

Appraisal Buzz

Reporting a 13.4% year-over-year increase, a new study detailing the nation’s single-family rental market has found the industrial Midwest region driving market activity, with low rental prices and a rise in listings. The post SFR Market Grows in the First Half of 2022 appeared first on DSNews. The post SFR Market Grows in the First Half of 2022 appeared first on Appraisal Buzz.

Marketing 150
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Are masking policies still valid?

Mortgagebroker News

While many jurisdictions remove mandates, workplaces remain hot-button areas

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Housing correction now in full swing, says RBC's Hogue

Mortgagebroker News

Deceleration especially evident in powerhouse markets

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$170 million housing renewal plan launched in Ontario

Mortgagebroker News

More than 730 residential buildings will be refurbished across the Windsor region

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Economist: Rate hikes making an unmistakable mark on the labour sector

Mortgagebroker News

The jobs market's momentum has chilled significantly

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What are organizations doing to manage turnover?

Mortgagebroker News

Money still matters when it comes to worker satisfaction

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Housing crisis in Canada – six suggested solutions

Mortgagebroker News

Expand the Bank of Canada mandate, for starters

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