Housing Wire

MAY 4, 2022

In a move with ramifications for an untold number of mortgage lenders and service firms, Intercontinental Exchange, Inc. , a software and data company whose mini-empire includes ICE Mortgage Technology , has bought Black Knight. The $13.1 billion mega-deal was announced in a press release Wednesday afternoon. The move between what are generally regarded as the two biggest suppliers of mortgage loan origination software is the latest domino to fall in a mortgage market careening off the rails.

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Loan Officers Mortgage Lending Technology 441

Appraisal Buzz

MAY 2, 2022

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? You can pay attention to many indicators, but the recent infrastructure bill will reveal the most crucial information. These are a few ways it will affect real estate in the coming months. 1. Construction Sites Will Stay on Schedule. Federal plans can move slowly, but that doesn’t mean ?

Real Estate 435

Real Estate Supply Chain Marketing Construction 435

Sacramento Appraisal Blog

MAY 2, 2022

What are prices doing? That’s always the question, and I get it. But there are bigger fish to fry to understand what the housing market is doing. A shift: Over the past few weeks there has been a shift in demand, which is why this conversation is so important. This isn’t about doom and gloom. […].

Housing Market 415

Housing Market Marketing Real Estate Appraisal 415

Cleveland Appraisal Blog

MAY 6, 2022

Howdy friends! I hope that you’re doing well! I have a special post from a first-time guest blogger, Betty White. If you’re a senior and considering moving, this article offers some tips that may make things a little easier. I hope that you enjoy her article! Essential Home Moving Tips for Seniors. Are you newly retired or nearing retirement?

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Housing Wire

MAY 3, 2022

Fintech and fractional home-equity lender Point has raised an additional $115 million through a Series C fundraising round led by venture capital firm WestCap. The capital will be used to accelerate Point’s growth in the $25 trillion home-equity market, according to the company’s co-founder and CEO Eddie Lim. The Palo Alto, California-based Point plans to use the funding to expand its product line as well as its market footprint — from an existing 16 states and the District of Columbia to 28 mar

Contracts 427

Contracts Investors Investing Market Value 427

Appraisal Buzz

MAY 4, 2022

[link]. Today’s Buzzcast interview is with Steve Sanders, Owner of Appraisal Source. We sat down with Steve and Jim Morrison, VP of Marketing and Sales for Allterra Group, to discuss his famous Appraisal Buzztoons. What is your background in the appraisal industry? Where can appraisers check out your Buzztoons? These questions and much more will be answered between Steve and Jim as they dive into this subject.

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Appraisal Marketing 370

The Appraiser Coach

MAY 3, 2022

Principles of business cross boundaries of profession frequently, and the one shared today is inspired by Dr. Thomas Stanley, author of The Millionaire Next Door and The Millionaire Mind. If. Read More.

Business 195

Business Real Estate Agent Government Inspection 195

Housing Wire

MAY 2, 2022

Surging interest rates and home price appreciation made March one of the most challenging months for prospective homebuyers looking to make purchases, according to a recent report. Annual home price gains saw 19.9% annual appreciation in March, down from an upwardly revised 20.1% in February, which was the first month to see price growth greater than 20%, according to Black Knight ’s monthly mortgage monitor report.

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Housing Market Mortgage Investors Finance 421

Appraisal Buzz

MAY 6, 2022

Staircase has launched three tools to facilitate the transfer of mortgage servicing rights (MSR) between mortgage lenders, servicers and investors. These tools are part of Staircase’s low-code marketplace, which automates complex technologies and makes them self-service for the U.S. residential mortgage industry. The rise in interest rates has prompted high demand and increased trading volumes for MSRs, which increase in value as rates go up.

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Tools Mortgage Investors Technology 170

Eyes on Housing

MAY 2, 2022

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1% in March after an increase of 0.7% in February. Spending stood at a seasonally adjusted annual rate of $882 billion. Total private residential construction spending was 18.4% higher than a year ago. These monthly gains are attributed to the strong growth of spending on.

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Construction 165

GoForrmz

MAY 5, 2022

Digitize and automate your small business processes to save incredible amounts of time and money Time, money, and innovation – small businesses require all three. Yet, repetitive and tedious tasks make the prioritization of these critical needs nearly impossible. That’s why it’s essential to look for techniques, systems, and tools that help cut the busywork.

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Business Modernization Tools 148

Housing Wire

MAY 3, 2022

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more. As a member of HW+, you get access to 30-minute Slack Q&As, where we invite the HW Media newsroom to break down the hottest topics in the industry. This Q&A was hosted in the HW+ Slack channel, which is exclusively available to members.

Housing Market 410

Housing Market Marketing Inventory Mortgage 410

Appraisal Buzz

MAY 6, 2022

Owning a home is seen as a sign of success and financial stability, and while Asian people in the U.S. tend to have higher educational attainment and household income than any other racial and ethnical groups; their homeownership rate at nearly 60% remains lower than the national rate of 65.5%, and the white community rate … The post Asian American Millennials Outpace Other Generations appeared first on DSNews.

Appraisal 150

Appraisal 150

Eyes on Housing

MAY 4, 2022

Following a 25 basis points increase in March, the Federal Reserve’s monetary policy committee unanimously approved a further 50 basis points increase for the federal funds target rate, the largest increase for the rate in more than two decades. The Fed also provided details for its plan to reduce its balance sheet (quantitative tightening), which will further tighten financial conditions.

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GoForrmz

MAY 3, 2022

Discover how small businesses are leveraging digital form features to save time, be more efficient, and elevate productivity GoFormz offers a flexible and affordable solution to traditional documentation and information collection. Thousands of small businesses leverage GoFormz to digitize their documents and data capture, improving organization and business management while reducing operational costs in the process.

Business 148

Business Project Management 148

Housing Wire

MAY 4, 2022

The Federal Reserve Wednesday approved a 50 basis point increase to its policy interest rate in an effort to reduce inflation, in conjunction with a plan to shrink its $9 trillion asset portfolio beginning next month, according to Chairman Jerome Powell. During a news conference following the Fed’s committee meeting, Powell announced the increase and outlined the Fed’s plan to begin “the process of significantly reducing the size of our balance sheet,” he said. “It

Supply Chain 397

Supply Chain Mortgage Tools Loan Officers 397

Appraisal Buzz

MAY 6, 2022

Mortgage subservicer and wholesale bank names seven to new roles within the firm, bolstering the firm’s footprint in the servicing market. The post Cenlar Promotes Seven to VP Roles appeared first on DSNews. The post Cenlar Promotes Seven to VP Roles appeared first on Appraisal Buzz.

Appraisal 150

Appraisal Mortgage Marketing 150

Eyes on Housing

MAY 2, 2022

As the construction labor market remains tight and skilled labor shortages persist, wages in construction continue to rise, often outpacing and exceeding typical earnings in other industries. According to the latest Current Employment Statistics (CES) report from the Bureau of Labor Statistics (BLS), average hourly earnings (AHE) in construction vary greatly across 43 states that reported these data.

Construction 153

Construction Marketing 153

GoForrmz

MAY 2, 2022

Move away from paper forms to streamline your small business workflows One of the biggest challenges facing small to mid-sized businesses today is finding a way to digitize their daily processes. Digital forms provide a seamless means of collecting and distributing critical business documentation and information. While it can seem daunting to stray from your standard processes, trust us when we say you’ll never look back.

Business 148

Business Training Clients 148

Housing Wire

MAY 5, 2022

Intercontinental Exchange, Inc. must convince regulators that the $13.1 billion mega-deal announced on Wednesday to acquire Black Knight will not harm competition in the mortgage tech solutions market. The software and data company also needs approval from Black Knight’s shareholders to move forward with the transaction, which valued the business at $85 per share, a 23% premium compared to the current price.

Technology 394

Technology Business Mortgage Legal 394

Appraisal Buzz

MAY 6, 2022

On April 19, the Five Star Institute presented its latest webinar discussing the benefits of sub-servicing, how to navigate and ensure compliance with government regulations, and on how to maximize ROI for all parties. The free-to-attend webinar was sponsored by Selene Finance, a specialty loan servicer, offering full-service capabilities supporting all aspects of residential mortgage servicing. … The post Recap: Selene Finance Webinar appeared first on DSNews.

Finance 150

Finance Government Appraisal Mortgage 150

Eyes on Housing

MAY 6, 2022

Total nonfarm payroll employment increased by 428,000 in April, and the unemployment rate was unchanged at 3.6%. The April’s data indicate that the labor market remained healthy despite surging inflation, tighter financial conditions, and the war in Ukraine. Construction industry employment (both residential and non-residential) totaled 7.6 million and has returned to its February 2020 level.

Construction 146

Construction Marketing 146

Appraiserblogs

MAY 6, 2022

Several appraisers have informed us that they have received death threats simply because they have been outspoken online refuting the racial bias narrative and the allegations of racial discrimination in the appraisal profession that is being utilized to remove appraisers from the lending equation. Since we have no organized voice and no one to defend us, some among us have taken the task to educate the public about the appraisal process and what we do.

Appraisal 114

Appraisal Appraisal Process Lending Real Estate 114

Housing Wire

MAY 3, 2022

Nonbank heavyweight loanDepot will unveil a home equity line of credit (HELOC) product in the third quarter of 2022, the first offering of its recently launched mello business unit. Fast-rising mortgage rates, recently cresting above 5% , have reduced refinance volumes by 70% year over year as of the end of April. The lender seeks to expand its product portfolio to help compensate for the lost volume, like most competitors.

Renovations 397

Renovations Loan Officers Technology Mortgage 397

Appraisal Buzz

MAY 6, 2022

In a move to increase equitable housing for all qualified borrowers, lenders will be able to better assist and counsel their clients during the home buying process. The post FHFA Announces Mandatory Use of the Supplemental Consumer Information Form appeared first on DSNews. The post FHFA Announces Mandatory Use of the Supplemental Consumer Information Form appeared first on Appraisal Buzz.

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Clients Appraisal 150

Eyes on Housing

MAY 3, 2022

The Census Bureau recently released its 2021 Metropolitan Statistical Area (MSA) annual population estimates. Between 2020 and 2021, 251 (65%) of the 384 MSAs within the 50 states and the District of Columbia experienced population increases, albeit small on percentage terms. The MSAs’ combined total population increased from 286,195,308 in 2020 to 286,472,775 in 2021, approximately a 0.1% increase.

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GoForrmz

MAY 5, 2022

GoFormz Automated Workflows help teams increase productivity across departments, streamline customer communication, accelerate processing, and route data to third party apps. Workflow Versioning is a powerful new feature enhancement that allows users to create comprehensive audit trails by automatically saving each version of their Workflow when a change occurs.

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Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021. Then, in what felt like an instant, in Q1 2022 mortgage rates skyrocketed and the refi boom ended.

Renovations 396

Renovations Mortgage Real Estate Finance 396

Appraisal Buzz

MAY 5, 2022

In a deal valued in excess of $13 billion, Intercontinental Exchange Inc. has acquired Black Knight in a cash and stock transaction, bolstering ICE’s digital mortgage business by increasing automation. The post ICE Expands Its Mortgage Tech Presence After Purchase of Black Knight appeared first on DSNews. The post ICE Expands Its Mortgage Tech Presence After Purchase of Black Knight appeared first on Appraisal Buzz.

Mortgage 150

Mortgage Business Appraisal 150

Eyes on Housing

MAY 3, 2022

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased slightly to 396,000 unfilled positions in March. The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019.

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Construction Housing Market Marketing 143

GoForrmz

MAY 3, 2022

Join our growing community of innovative and impactful GoFormz partners Why Partner with GoFormz? With over 3,000 global customers representing industries like construction, energy, healthcare, manufacturing, and transportation, why wouldn't you become a GoFormz partner? GoFormz is on the cutting edge of mobile data capture and we are not slowing down.

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Transportation Construction Clients Business 78

Housing Wire

MAY 3, 2022

The courtship is over. The Agency , a Beverly Hills-based brokerage that has been around since 2011, announced Tuesday that it has bought Triplemint , a Manhattan shop started in 2013 by Yale college classmates David Walker and Phillip Lang. Rainy Hake Austin, president of The Agency, declined in an interview to say how much her firm, a private company, paid for Triplemint.

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Brokerage Agents Law Business 375

Appraisal Buzz

MAY 5, 2022

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage averaged 5.27% with an average 0.9 point as of May 5, 2022, up from last week when it averaged 5.10%. A year ago at this time, the 30-year FRM averaged 2.96%. “Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009,” says Sam Khater, Freddie Mac’s chief economist.

Mortgage 150

Mortgage Appraisal Marketing 150

McKissock

MAY 6, 2022

New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. It requires more work, so you want to be sure that you are charging for your effort. However, perhaps more than that, you want to be sure you’re following the proper protocol.

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Construction Appraisal Inspection Development 86