Sat.Oct 15, 2022 - Fri.Oct 21, 2022

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Debt purchasers set to benefit from consumer delinquencies: Fitch

Housing Wire

U.S. debt purchasers are positioned to benefit from rising delinquencies due to improvement in portfolio supply from an increase in non-performing loan (NPL) sales, according to a recent report from Fitch Ratings. This increase in delinquencies is attributed as a byproduct of mounting recessionary pressures, with higher interest rates and inflation raising the risk of portfolio write-downs, which the firm says reinforces the importance of strong capitalization, pricing discipline and cost effici

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Head, Shoulders, Knees, and … Shoes?

The Appraiser Coach

Let’s talk about shoes. Now I know, you may not expect businessmen and professionals to talk about shoes. Surely, they have more important things to think about. Nevertheless, the. Read More.

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The story of Zillow’s last house in Sacramento

Sacramento Appraisal Blog

Goodbye. Zillow sold their last house in Sacramento. After announcing failure as an iBuyer in late 2021, they recently got rid of their final unit. And the cherry on top is they sold this property to Opendoor. UPCOMING (PUBLIC) SPEAKING GIGS: 10/18/22 Orangevale MLS Meeting Q&A (9am) 10/20/22 How to Think Like an Appraiser (9am-12pm) (Sign […].

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Maintain value-added scenarios to grow your business mission

Miller Samuel

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Business 195
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These housing markets are most likely to correct based on foreclosure buyer behavior

Housing Wire

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Foreclosure auction buyers started bidding more conservatively in the second quarter of 2022, as measured by proprietary data from the Auction.com marketplace.

Buyers 427
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Home Sellers Report Drop in Profits During Q3

Appraisal Buzz

“If the Federal Reserve’s objective was to slow down the housing market, it has succeeded spectacularly,” said Rick Sharga, EVP of Market Intelligence at ATTOM. The post Home Sellers Report Drop in Profits During Q3 appeared first on Appraisal Buzz.

Sellers 195

More Trending

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Monetize proactive your e-business & access to accurate experiences

Miller Samuel

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Business 150
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How lenders can leverage credit to help make homeownership more affordable

Housing Wire

With interest rates now at 14-year highs, the cost of homeownership is becoming an issue for most prospective home buyers. HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about how mortgage lenders can leverage credit to help make homeownership more affordable. HousingWire: With interest rates at 14-year highs, what kind of pressure does that put-on housing affordability?

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Fifth Circuit Finds CFPB Funding Strategy Unconstitutional

Appraisal Buzz

A three-judge panel of the 5th U.S. Circuit Court of Appeals ruled in a case brought by a payday lending group against the CFPB’s 2017 payday lending rule, resulting in the court’s decision to deem their funding structures unconstitutional. The post Fifth Circuit Finds CFPB Funding Strategy Unconstitutional appeared first on Appraisal Buzz.

Lending 195
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Single-Family Permits Decline in August 2022

Eyes on Housing

Over the first eight months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 728,866. On a year-over-year (YoY) basis, this is 6.0% below the August 2021 level of 775,772. Year-to-date ending in August, single-family permits declined in all four regions. The South posted a modest decline of 3.9%, while the Midwest region reported the steepest.

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Streamline exceptional process & unleash your collaboration

Miller Samuel

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Business 150
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Nations Direct Mortgage appoints new national sales director

Housing Wire

Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. Prior to joining Nations Direct, O’Brien held leadership positions at LoanDepot , was Northeast regional sales manager at Fifth Third Bank; principal at J.H.

Mortgage 418
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Black and Latino Homeownership Rates Rise in Nearly Half of U.S.

Appraisal Buzz

While Black and Latino households have often been disproportionately affected by predatory lending practices, homeownership rates have increased nationwide for both. However, lack of affordable housing and high interest rates may pose challenges moving forward. The post Black and Latino Homeownership Rates Rise in Nearly Half of U.S. appeared first on Appraisal Buzz.

Lending 195
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Existing Home Sales Continue to Drop Amid Rising Mortgage Rates

Eyes on Housing

As rising mortgage rates continue to cool the housing market, the volume of existing home sales has declined for eight consecutive months as of September, according to the National Association of Realtors (NAR). The average 30-year fixed mortgage interest rate has increased from 3.11% at the start of the year to 6.

Mortgage 150
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Join us at PACK EXPO 2022

GoForrmz

How to find GoFormz at PACK EXPO 2022 We are so excited to be attending PACK EXPO 2022 in Chicago, this October 23-26, 2022! With thousands of vendors and attendees, we want to help you make the most of your time. We’ll be sharing how every industry can upgrade their services by using code-free mobile forms. Keep reading to learn how to find GoFormz this year at PACK EXPO.

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77 bank trade groups urge FHFA to modify its tangible capital rule

Housing Wire

A coalition of 77 banking trade groups led by the American Bankers Association (ABA) and the Independent Community Bankers of America (ICBA) has asked the Federal Housing Finance Agency (FHFA) to modify an existing rule which allows banks to access lower-cost funding from the Federal Home Loan Bank (FHLB) system even if they report that they currently have negative tangible capital.

Tools 417
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The Future of Fannie Mae and Freddie Mac

Appraisal Buzz

A new opinion piece from Don Layton, the former Freddie Mac boss, explores how the GSEs came to be under government control, and what the future should hold for the two companies. The post The Future of Fannie Mae and Freddie Mac appeared first on Appraisal Buzz.

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Are Computer Programs Biased or Unbiased?

Appraiserblogs

Whether or not computer programs are despised or supported depends on the narrative being spewed. Which is it? Are computer programs good for generating appraisal values but when the narrative is to influence an anti-police sentiment using computer programs is too problematic? Last week’s article titled “The Government Screwing Over an Entire Industry” strengthened my conviction how eager and anxious Fannie, Freddie, and certain Congress persons are to replace appraisers with computer programs.

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How Automations Can Streamline Your Business

GoForrmz

Automated Workflows are your answer to efficiently enhancing business processes from end-to-end When deadlines, schedules, and budgets are involved, waiting for manual handoffs can be frustrating and downright detrimental. Luckily, with GoFormz, there’s an easy solution: Automated Workflows ! With a variety of customizable Workflows at your disposal, critical processes can be fully streamlined to allow for breakneck response times and immediate action.

Business 147
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Black households have most to gain from inclusion of rent payment data: report

Housing Wire

Racial Equity Accelerator for Homeownership, a collaboration between Urban Institute and Federal Home Loan Bank (FHLB) of San Francisco , on Monday released a report that examines how the adoption of alternative data can benefit Black households within the mortgage lending landscape. The report found a 30-percentage point gap in homeownership between Black and white households in the U.S., which is wider than it was in 1960, before the Fair Housing Act was passed and while race-based housing dis

Lending 417
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By the Numbers: Consumer Default Rates

Appraisal Buzz

According to a monthly report from the S&P Dow Jones Indices and Experian, the most popular types of consumer defaults remained steady. Click through to see which metropolitan areas saw the most significant default shifts. The post By the Numbers: Consumer Default Rates appeared first on Appraisal Buzz.

Appraisal 195
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The Appraisal Problem

Appraiserblogs

Gone are the days of hiring a professional appraiser to solve the appraisal problem. For decades lenders have taken on the responsibility of shaping the appraisal process and dictating the solutions to the appraisal problem. Savvy appraisers push back in a positive fashion to try and enable the lender to receive a report that not only meets USPAP, FIRREA, Fannie Mae, or HUD/FHA/VA an UAD reporting guidelines, but also provides the client with a report that is clear, concise, accurate and not mis

Appraisal 101
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3 Ways GoFormz Supports Recruiting Teams

GoForrmz

Simplify talent acquisition demands with GoFormz digital forms Talent acquisition teams have arguably one of the most challenging professions – acquiring and maintaining quality talent to boost corporations. Taking as little as a week or sometimes months, arming recruiting teams with the right tools can be the difference between finding the perfect candidate and not.

Tools 120
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Planet Home Lending volunteers fight hunger

Housing Wire

The Howard County Food Bank in Columbia, Maryland, gained valuable volunteers and donations from Planet Home Lending as the organization partnered with Farmlink to deliver farm-fresh produce to the food bank. Volunteers from Planet Home Lending didn’t just donate canned goods and other grocery items — they got their hands dirty, pulled weeds, fertilized plants and supported multiple organizations through their volunteer efforts.

Lending 416
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The Impact of Hurricane Ian

Appraisal Buzz

Today’s Buzzcast interview is with Matt Simmons, Managing Partner of Maxwell, Hendry, & Simmons. We sat down with Matt and Joan Trice, Founder of Allterra Group, LLC, to discuss how Hurricane Ian is impacting residents and appraisers in the area. What is the area like now after a few weeks of recovery? What is AIRF? Where can appraisers go if they’ve been negatively impacted by Hurricane Ian?

Appraisal 195
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‘It’s pretty much business as usual’: Opportunistic real-estate hunters target Florida towns just weeks ago in Hurricane Ian’s path

Empire Appraisal Group

‘It’s pretty much business as usual’: Opportunistic real-estate hunters target Florida towns just weeks ago in Hurricane Ian’s path. Source: ‘It’s pretty much business as usual’: Opportunistic real-estate hunters target Florida towns just weeks ago in Hurricane Ian’s path – MarketWatch. By Robyn A. Friedman. Investors and other buyers are scouring the region for housing deals after a multiyear surge in home prices.

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[Webinar] GoFormz Office Hours & Updates You May Have Missed in Q3 2022

GoForrmz

Join GoFormz in discussing the latest product updates you may have missed In this webinar, we’ll explore a few of our enhancements to the GoFormz platform over the past 3 months and the impact they will have on your daily productivity. In addition to these updates, we'll share a sneak peek of our feature roadmap and what's coming next! Kelsey Griswold, Sr.

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Ally Financial takes a big hit on Better.com investment

Housing Wire

Online bank Ally Financial recorded a $136 million impairment related to its investment in struggling digital mortgage lender Better.com , bank executives said Wednesday during the company’s third-quarter earnings call. The bank disclosed to shareholders and analysts that the $136 million impairment was a “nonmarketable equity investment” related to its mortgage business. “Following the impairment, our investment has a remaining carrying value of $19 million, so this has

Investing 407
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The Impact of Hurricane Ian

Appraisal Buzz

Today’s Buzzcast interview is with Matt Simmons, Managing Partner of Maxwell, Hendry, & Simmons. We sat down with Matt and Joan Trice, Founder of Allterra Group, LLC, to discuss how Hurricane Ian is impacting residents and appraisers in the area. What is the area like now after a few weeks of recovery? What is AIRF? Where can appraisers go if they’ve been negatively impacted by Hurricane Ian?

Appraisal 195
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Jackie Goodwin Named Lamacchia Realty Employee of the Month – September 2022

Lamacchia Realty

Behind the incredible REALTORS® of Lamacchia Realty is a team of over 75 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views its staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.

Realty 74
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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

Feeling a bit overwhelmed by the thought of a commercial real estate appraisal? The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. After all, it is a detailed activity that can look different depending on the scope and nature of your property. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked.

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Homebuyers increasingly seek ARMs as mortgage rates soar 

Housing Wire

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose two basis points from last week to 6.94% , slowing its upward trajectory this week.

Mortgage 407
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FHFA Releases Q2 Foreclosure Prevention Report

Appraisal Buzz

The FHFA’s foreclosure analysis for July 2022 revealed the total number of loans in forbearance is trending downward from its peak in May, with nearly 85,000 loans in forbearance nationwide, while total refinance volume and mortgage rates also decreased in the same month. The post FHFA Releases Q2 Foreclosure Prevention Report appeared first on Appraisal Buzz.

Appraisal 195
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Questions Buyers Should Ask When Touring a Property

Lamacchia Realty

QUESTIONS BUYERS SHOULD ASK WHEN TOURING A PROPERTY. There are a variety of reasons people sell their home. They could be moving for a job, wanting to downsize or upsize, or looking to relocate , to name a few. And as a buyer, purchasing their home is very exciting but also a significant decision and can be a bit overwhelming. Knowing what questions to ask when viewing a house is one way to narrow options and find the perfect home.

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