Housing Wire

AUGUST 24, 2022

Homepoint has launched a new program to reduce rates for borrowers with lower income, the wholesale lender announced Wednesday. The initiative comes after the company reported a loss in the second quarter of 2022 amid a price war, mainly from its wholesale-only rival United Wholesale Mortgage (UWM). . Homepoint is offering a 75 basis point pricing bonus for conforming conventional loans, with no additional cost to borrowers.

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Mortgage 395

Appraisal Buzz

AUGUST 24, 2022

[link]. Today’s Buzzcast interview is with Anthony Blackburn, CEO of Apple Appraisals. We sat down with Tony and Joan Trice, Founder of Allterra Group, LLC, to discuss how appraisers can be proactive in organizing how their businesses would run without them in the future. What are some examples of the hardships you’ve gone through since unexpectedly losing a business partner?

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Housing Wire

AUGUST 24, 2022

For the past two years appraisal gap clauses have been de rigueur in many markets , much to the disdain of frustrated homebuyers. Mortgage startup Tomo feels, however, that it has a solution. On Wednesday, the firm launched Tomo Appraisal Coverage. Tomo says its appraisal coverage product protects home buyers from having to bring more cash to the close when appraisals come in low, with the same APR, cash-to-close and monthly payment guaranteed.

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Appraisal Buzz

AUGUST 24, 2022

Black Knight Inc. has released a “first look” the latest iteration of its Mortgage Monitor Report for July 2022, which looks at delinquency and foreclosure rates across the U.S. According to Black Knight, the national delinquency rate rose to 2.89% in June. The delinquency rate was 2.84% in June, 2.75% in May, 2.80% in … The post Early-Stage Delinquencies Push Up National Delinquency Rate appeared first on DSNews.

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Housing Wire

AUGUST 24, 2022

Top wholesale lender United Wholesale Mortgage (UWM) is the latest originator to join the resurgent home-equity lines of credit (HELOC) market. The Pontiac, Michigan-based lender has started to offer standalone and piggyback options, as fast-rising home values allow homeowners to tap the equity in their houses to pay debts, expenses or investments. .

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Appraisal Buzz

AUGUST 24, 2022

The Pending Home Sales Index (PHSI), which measures housing contract activity, again fell in July, the second month in a row and the eighth time it has fallen this year. In addition, three out of the four major regions in the country also reported declining numbers, as one region, the West, posted a minor gain. … The post Three of Four Regions Post Declining Home Sales Numbers appeared first on DSNews.

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George Dell

AUGUST 24, 2022

Truth can be hard to swallow! I find their ‘truth’ not credible. Not believable. Why? Well, for one thing. One important thing. That belief conflicts with MY belief. Clearly, my beliefs are better than theirs! Anybody can see that. At least they should see that. How can they be so stupid? Brad Cable just sent […]. The post Is Truth a Credible Edible?

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Appraisal 195

Housing Wire

AUGUST 24, 2022

Demand for mortgage loans continued to decline last week, remaining at the lowest level in two decades, according to the Mortgage Bankers Association (MBA). The market composite index , a measure of mortgage loan application volume, fell 1.2% for the week ending Aug. 19, compared to the previous week. It was also down 63% compared to the same week in 2021.

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Appraisal Buzz

AUGUST 24, 2022

While mortgages are denied for people of all races, a new LendingTree analysis of 2020 Home Mortgage Disclosure Act (HMDA) data found that the share of Black homebuyers who have their mortgage requests denied is notably higher than the share of the overall population who sees the same. One obstacle Black Americans disproportionately face is … The post Examining Racial Barriers in Homeownership appeared first on DSNews.

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Housing Wire

AUGUST 24, 2022

It has been a nonstop year for the housing industry. From sky-high home prices to fluctuating mortgage rates and staffing changes, it is no wonder that Realtors, loan officers and other industry professionals are feeling burnt out. Not to worry, there are panels at HW Annual to re-ignite your passion for the housing industry and help you improve your work-life balance, or should we say work-life harmony, to avoid burnout. . 1.

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Appraisal Buzz

AUGUST 24, 2022

Having served as Interim SVP of Underwriting & Credit since earlier this year, Ouwerkerk has been with the GSE for nearly 15 years, after exiting a career in the commercial real estate space. The post Ian Ouwerkerk Named SVP of Underwriting & Credit for Freddie Mac Multifamily appeared first on DSNews. The post Ian Ouwerkerk Named SVP of Underwriting & Credit for Freddie Mac Multifamily appeared first on Appraisal Buzz.

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Eyes on Housing

AUGUST 24, 2022

The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2 to 4 unit properties) has disappointed. For 2021, there were only 12,000 starts of such residences.

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Simonson Real Estate

AUGUST 24, 2022

With rising inflation and multiple interest rate increases in 2022, both are hot topics impacting the commercial real estate industry. We share our latest understandings and what we are doing to continue providing credible appraisals and valuations. Inflation and Interest Rates. Inflation is running at more than a 40-year high with the July 2022 Consumer Price Index increasing 8.5% over the past year.

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GoForrmz

AUGUST 24, 2022

Set up your students for success by introducing tech into co-curricular experiences Involvement in college matters and what students do during their college tenure helps set them apart from their classmates as they embark on their next stage of life – the real world! In fact, The Ohio State University, Center for the Study of Student Life conducted an Involvement Study that covered how college student involvement is positively and directly related to career outcomes.

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Clear Capital

AUGUST 24, 2022

Today, we are excited to announce Clear Capital’s Broker Price Opinions (BPOs) can easily be integrated and ordered without leaving your existing loan origination or order management system. . Now you can order BPOs through your system utilizing Property Valuation API — Clear Capital’s all-in-one valuation suite — and receive the BPO results as data and/or an easy-to-read pdf report.

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Mashvisor

AUGUST 24, 2022

The National Association of Home Builders (NAHB) recently published its list of the most affordable housing markets in the US for the second quarter of 2022.

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San Jose Real Estate

AUGUST 24, 2022

The Kooser neighborhood is conveniently located, features sought after schools, and offers a good value in San Jose’s Cambrian district. Many of the street are tree lined and most homes are well kept. This part of the valley has some nice perks, such as being close to the J & P Cosentino Family Farm as […].

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McKissock

AUGUST 24, 2022

Imagine a problem you have in life. There is probably some app or bit of technology that can resolve it all together—or at least make it easier to manage. The same is true for your career in real estate. When you are a busy agent who is strapped for time and maybe feeling a little overwhelmed, technology can simplify your life and help you be more productive.

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Real Estate Agent Real Estate Technology Agents 58

Mortgagebroker News

AUGUST 24, 2022

Canadian Mortgage Professional speaks to Gary Fooks, CEO of 8Twelve Mortgage, about winning the Digital Innovation in a Brokerage Award

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Mortgage Brokerage 67

BiggerPockets

AUGUST 24, 2022

You’ve probably seen Flip or Flop before. Even if you’re not a home flipper, it’s hard to not get sucked into the glitz and glamor of watching Tarek El Moussa […].

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Real Estate 56

Mortgagebroker News

AUGUST 24, 2022

The banking giant's third-quarter results were down from last year and came in lower than analysts expected

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Valcre

AUGUST 24, 2022

While most economists agree that the US is not currently in a recession , the possibility is still looming.

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Valuation Real Estate 55

Mortgagebroker News

AUGUST 24, 2022

The market is facing a significant threat that could potentially impair Canadians' ability to participate in the economy

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Finance Marketing 66

AmeriMac

AUGUST 24, 2022

When you are getting an appraisal, it’s important to be proactive and make sure that you understand everything that is going on. There are a number of questions that are helpful so that you can make sure that everything is going well and that the appraisal will be done as well as possible. When you know what to ask, you can stay on top of the situation and ensure an effective appraisal.

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Appraisal Real Estate Agent Inspection Design 36

Mortgagebroker News

AUGUST 24, 2022

Market observers highlight the possibilities over the next few years

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Marketing 69

Housing Wire

AUGUST 24, 2022

How will President Biden’s executive action to erase $10,000 in federal student loan debt affect homeownership? While industry watchers don’t expect the debt forgiveness to move the needle in a significant way, it could have a net positive impact on homeownership long term. About 45% of borrowers, or almost 20 million people, would have their student debt fully canceled, according to the White House.

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Mortgagebroker News

AUGUST 24, 2022

The prospect of an uptick in unemployment has been mooted in recent weeks

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Mortgage 68

Lamacchia Realty

AUGUST 24, 2022

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for July 2022 compared to July 2021. It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market.

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Mortgagebroker News

AUGUST 24, 2022

The results arrive in an "increasingly complex backdrop," says bank's CEO

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Mortgagebroker News

AUGUST 24, 2022

The affordable housing complex is slated to provide an estimated 200 units for the market

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Development Marketing 59

Mortgagebroker News

AUGUST 24, 2022

The five-year benchmark rate saw its single largest quarterly increase in nearly three decades

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