Housing Wire

OCTOBER 31, 2022

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good? Over the weekend, The Wall Street Journal brought up this point — that the Fed is mindful that household balance sheets are much better now due to the excess savings built up during the COVID recovery and t

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Appraisal Buzz

OCTOBER 31, 2022

This article was originally written on foxyai.com and can be found here. Halloween is here and has already taken over! With finding costumes, trick-or-treating, and haunted houses galore, why not join in on all of the fun? Take a picture of your house and make it the ultimate Halloween dream when you upload your picture here. With FoxyAI, you can upload a picture of your home and have it spookified!

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Housing Wire

OCTOBER 31, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach reduced employee headcount by at least 20 this month as the industry struggles to stay afloat amid mortgage lenders rightsizing during one of the most challenging times. Workforce reduction came on October 20, and eliminated positions include director of marketing, two enterprise account managers, one enterprise sales manager, content marketing manager, senior enterprise sales manager, head of talent acquisition, product designer, project mana

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Appraisal Buzz

OCTOBER 31, 2022

In response to the additional stress on their balance sheets, some mortgage industry firms have announced layoffs, ceased specific products, or shuttered all together. The post Industry Survey: Personnel Costs Driving Up Mortgage Overhead appeared first on Appraisal Buzz.

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Housing Wire

OCTOBER 31, 2022

Movement Mortgage on Friday announced the appointment of Lyra Waggoner as its chief information officer. Her role will focus on technology to drive the company’s growth. Waggoner’s professional career spans 18 years in the mortgage industry. Prior to joining Movement, she was a sales manager at Wells Fargo ; a senior vice president of originations technology at Caliber Home Loans, where she was a founding member of its technology team working on a proprietary loan origination software platform;

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Appraisal Buzz

OCTOBER 31, 2022

As many would-be home sellers are holding onto their existing homes, properties are now staying on the market longer according to the latest Zillow analysis, leaving sellers to try and draw in homebuyers with attractive listings and price drops. The post Slowdown in Supply and Demand Force Sellers to Improvise appeared first on Appraisal Buzz.

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Appraisal Buzz

OCTOBER 31, 2022

Surging mortgage rates and persistently high home prices are motivating many of the buyers who remain in the market to relocate to more affordable areas, but migration may slow as the economy continues to soften, according to a Redfin analysis. Nearly one-quarter (24.2%) of homebuyers nationwide looked to move to a different metro area in the third quarter, a record high.

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Housing Wire

OCTOBER 31, 2022

This is projected to be a record year for consolidation among mortgage lenders, largely due to the dramatic shift from a refinance boom to a purchase mortgage market and the total origination volume, which has shrunk to about half the size from 2021. By the end of 2022, roughly 50 merger or acquisition (M&A) transactions will be announced or closed, which is 50% more than 2018 — the record year for lender consolidation, according to Stratmor Group.

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Appraisal Buzz

OCTOBER 31, 2022

Attorney Joel Jensen discusses a recent proceeding involving violations of a bankruptcy rule. Learn the latest and how it could impact the industry. The post Bankruptcy Court Weighs in on Case Involving Collections and Past Debts appeared first on Appraisal Buzz.

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Housing Wire

OCTOBER 31, 2022

Third-quarter earnings season kicked off with a bang last week with three ( Stewart, First American and Old Republic ) out of the Big Four title insurers reporting their earnings on Thursday. Given the current volatile mortgage rate environment and related slowdown in homebuyer demand , it was no surprise that all three firms recorded weaker financial results compared to the same quarter a year ago.

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Appraisal Buzz

OCTOBER 31, 2022

Estimates of the number of missing homes vary widely, but one thing has become clear: While the housing supply shortage is a national problem, solving it is often a local one. In a new report, Fannie Mae economists Kim Betancourt, Stephen Gardner and Mark Palim examine the contours of housing supply for 75 major U.S. metropolitan markets in a way that might offer clues to addressing the housing supply crisis at the local level.

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Eyes on Housing

OCTOBER 31, 2022

Prospective buyers in the third quarter of 2022 are more likely to have higher levels of income and education than earlier in the year. This helps explain why affordability expectations have improved. In the third quarter of 2022, 69% of buyers could only afford a minority of homes for sale in their markets, a much lower share than in the.

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Appraisal Buzz

OCTOBER 31, 2022

The housing market is rebalancing after the most competitive and frenetic period in recent memory. While homes that sell are still doing so relatively quickly – slower than at the height of last year’s frenzy, but more quickly than pre-pandemic norms – a new Zillow analysis finds other homes are lingering on the market much longer, pointing to the need for sellers to build an attractive and competitively priced listing to attract a buyer.

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DW Slater Company

OCTOBER 31, 2022

Happy Halloween! We wish you a safe and enjoyable Halloween. Enjoy these scary prior posts, just in time for Halloween! The Wylie Ax Murder House- Does Murder Impact the Value of Real Estate? HAUNTED HOUSES, HAUNTED REAL ESTATE. Haunted House Adjustments. 5 Scary Movies That Describe An Appraiser’s Job. The post Happy Halloween! appeared first on DW Slater Company Blog.

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Appraiserblogs

OCTOBER 31, 2022

What’s even more frustrating to me is none of the well-known appraiser organizations have offered any public rebuttal to any of these hit pieces, or explained how the appraisal process works as a way to defend appraisers… Census Tract data delineating RACE of the population is the only ammunition the people doing these hit pieces can use to attack appraisers.

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Lamacchia Realty

OCTOBER 31, 2022

We are so excited to share that Deanna Faucher has qualified for the 2022 Lamacchia Realty President’s Club with $16 Million in sales volume already this year! Deanna has qualified every year since the program’s inception, making it in 2017 , 2018 , 2019 , 2020 , and 2021. She was recognized as a Lamacchia Realty top Producer in 2020 and 2021 and was recognized as an Emerald Level Top Producer in 2021 and 2022 by the REALTOR® Association of Central Massachusetts (RACM) for outstanding lev

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Clear Capital

OCTOBER 31, 2022

Follow ClearCast on LinkedIn , Twitter , Facebook , and Instagram. EPISODE SUMMARY. ClearCast is live from MBA Annual 2022 in Nashville: Your host, Kenon Chen, sits down with Luke Babich, Co-Founder and CEO of Clever Real Estate. The pair discuss Luke’s background, his journey to founding Clever Real Estate, how Clever’s platform helps homebuyers and sellers alike, and more.

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Real Quantum

OCTOBER 31, 2022

FREE | NOVEMBER, 17, 2022 | 11 AM CST | 60 MINUTES. LIVE WEBINAR | Commercial Appraiser Tech Tools Update. SAVE MY SPOT. Agenda. McKissock published their Appraisal Income Guide in 2019 where they reported appraisers who adopt new technology tools earned over $44,000 more per year than appraisers who did not. We’re always thinking about how to help commercial appraisers make their lives easier, work faster, and grow revenue.

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Clear Capital

OCTOBER 31, 2022

Recorded live at Digital Mortgage 2022, watch this video to explore the adoption of hybrid appraisal options from a lender’s perspective. Kenon Chen, EVP of Corporate Strategy, Clear Capital, and Rachel Robinson, Director of Collateral Policy, Rocket Mortgage, walk through what it takes to successfully roll out new programs and the benefits that can be achieved versus a traditional appraisal process.

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Lamacchia Realty

OCTOBER 31, 2022

What is a 2-1 Buydown? Amidst ceaseless mortgage rate hike and inflationary headlines , the mortgage industry is abuzz with talk of buydowns. Buydowns aren’t a new product, on the contrary they’ve been around for a long time, but they’re resurfacing now as a mechanism to combat the rising mortgage rates. There are two types of common temporary buydowns, a 2-1 buydown, and a 1-year buydown.

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Clear Capital

OCTOBER 31, 2022

Follow ClearCast on LinkedIn , Twitter , Facebook , and Instagram. EPISODE SUMMARY. ClearCast is live from MBA Annual 2022 in Nashville: Your host, Kenon Chen, talks with Brent Nyitray, the CFO of Ark Mortgage and the author of the Daily Tearsheet. Kenon and Brent discuss the current state of the market and Brent’s market predictions heading into 2023.

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BiggerPockets

OCTOBER 31, 2022

The Sunshine State is hot, both in temperature and in its housing market. Siesta Key Beach on Florida’s west coast is consistently ranked one of the best beaches in the world. […].

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Mortgagebroker News

OCTOBER 31, 2022

The likely terminal rate seems clear – although it may take more than one further move to reach it

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BiggerPockets

OCTOBER 31, 2022

Office investments were supposed to be dead by now. 2020 was supposedly the great exodus, where on-site workers were freed of their commutes, small talk, and trips to the water […].

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Mortgagebroker News

OCTOBER 31, 2022

Nearly two in five households are considering cutting down on their spending to cope with higher mortgage costs

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Clear Capital

OCTOBER 31, 2022

Follow ClearCast on LinkedIn , Twitter , Facebook , and Instagram. EPISODE SUMMARY. ClearCast is live from MBA Annual 2022 in Nashville: Your host, Kenon Chen, chats with David Camp, Co-Founder and CEO at HomeScout, about David’s journey through the real estate industry. They also discuss how HomeScout unifies various services in the mortgage and title industries.

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Mortgagebroker News

OCTOBER 31, 2022

"I have grown my business in three years as a broker expanding my portfolio of clients in ways I didn’t think possible"

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Appraisal Buzz

OCTOBER 31, 2022

An upcoming webinar from the Five Star Institute will feature a panel of experts tackling the topic of title and its critical role in the single-family rental, build-for-rent, and bulk transaction marketplaces. The post The Role of Title in the SFR Market appeared first on Appraisal Buzz.

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Mortgagebroker News

OCTOBER 31, 2022

The central bank indicated that the endpoint in its current rate-hiking cycle could be coming into view

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Mortgagebroker News

OCTOBER 31, 2022

FSRA is seeking new members for its committee responsible for innovation, consumer protection, and regulatory efficiency

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Mortgagebroker News

OCTOBER 31, 2022

"Many months could tick by before it’s clear that the slowdown is more severe than intended"

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Mortgagebroker News

OCTOBER 31, 2022

Industry players will learn how to deal with the increasingly diverse demographics of the Canadian mortgage market

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Mortgagebroker News

OCTOBER 31, 2022

"We keep mortgage brokers in mind and also rely on their feedback to improve our products over time"

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Mortgagebroker News

OCTOBER 31, 2022

Uninsured mortgages represented a significant chunk of loans taken out through these lenders

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