Mon.Oct 03, 2022

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Home prices are dropping like it’s 2009

Housing Wire

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. Median home prices in August fell 0.98% in August, only slightly better than July’s 1.05% monthly decline. The average home price is down 2% ($8,800) from its June peak nationally as we enter the historically slower fall-winter homebuying season.

Inventory 527
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Appraising Well in a Fast-Changing Market

Appraisal Buzz

What should appraisers know before they sign the appraisal report and deliver their professional opinion of value? Pretty much everything. Many appraisers working in today’s marketplaces are about to find out how important this is. I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance.

Appraisal 370
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CoreLogic’s Accounting Automation suite can quickly help lenders streamline appraisal payment processing

Housing Wire

Surprisingly, accounting inefficiencies, particularly in the areas of tracking, collecting, reconciling, and distributing appraisal fees, are costing some lenders tens of thousands of dollars, sometimes even more, every year – dollars that could be going straight to their bottom line. In today’s business environment, lenders look for every opportunity to streamline and optimize their operations to reduce their origination costs on each loan.

Appraisal 380
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The Ultimate Beginner’s Guide to Airbnb Analytics for Hosts

Mashvisor

As competition grows, so does the demand for advanced Airbnb analytics for hosts—rental data and Airbnb stats that go beyond pricing and vacancy.

Tools 68
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Origination Platforms and Solutions Special Report

Housing Wire

The origination process is complex. In today’s market, mortgage companies need solutions that streamline the mortgage process so they can close more loans, faster. Lenders are looking for a digital platform that provides end-to-end support and flexibility to deliver a great lending experience. Leveraging technology can help lenders originate more efficiently and scale more effectively.

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Mortgage origination at the next level

Mortgagebroker News

This platform's unique features help agents and brokers grow and manage their business at the same time, executives say

More Trending

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Property Product-Market Fit: The Most Important Metric You’ve Never Heard Of

BiggerPockets

Housing demand has caused home prices to explode over the past two years. But, even as interest rates rise, the Fed tries to curb inflation, and would-be-homebuyers enter back into […].

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FHA and Storage Tanks

Town & Country Residential Appraisals

As most know, FHA follows the guidelines set forth in the HUD Handbook 4000.1 which includes the MPR’s (Minimum Property Requirements) that we have to follow when appraising a property that is being insured by FHA financing. Over time, these requirements are revised and if not fully aware, one might not realize that these changes can affect a property’s ability to qualify for this type of financing.

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Money with Katie’s Middle-Class Myths and The Great Roth vs. 401K Debate

BiggerPockets

Katie Gatti Tassin from Money with Katie had her “financial awakening” earlier than most. She saw the middle-class wealth trap of working, spending, and repeating for what it really was. […].

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Ten most affordable places to rent in Canada in 2022

Mortgagebroker News

It is important to compare average rent prices with the cost-of-living in each city

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Black Knight’s Empower offers an end-to-end digital platform that decreases friction in origination

Housing Wire

Optimizing the mortgage process means finding fast, efficient solutions for each part of the customer journey. When it comes to origination, modernization is key to enhancing the customer experience, improving overall cycle times and increasing overall profit. Regardless of the size of a lending business, having the right origination software is the first step in creating a homebuying experience built for the 21st century.

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OECD predicts how high the Bank of Canada will go on rates

Mortgagebroker News

It also slashes global and national growth predictions

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Encompass by ICE Mortgage Technology provides an all-in-one workflow for omnichannel lenders

Housing Wire

Today’s lenders must be as agile, efficient and scalable as possible to respond to evolving consumer preferences and fast-changing market conditions. Encompass by ICE Mortgage Technology is the industry’s most complete end-to-end solution that provides the flexibility and configurability needed to deliver a next-generation lending experience for every channel, all from a single system of record.

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High vacancy rates to give rise to office-to-residential conversions

Mortgagebroker News

Remote working arrangements could help ease the housing crisis

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How to bungle the hiring process

Mortgagebroker News

Poor communication, stalling on decisions, not respecting social matters cited

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Landlords scoop up almost half of new housing supply

Mortgagebroker News

Non-resident ownership is the new normal

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With more people working from anywhere, is fraud on the rise?

Mortgagebroker News

'When you go overseas, it's complicated to do background checks'

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Young adults ditch Ontario by the thousands

Mortgagebroker News

Find out which provinces they're headed to

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