Remove market-velocity
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Can You Measure Market Velocity?

George Dell

“Appraisal is market analysis!” Freddie Mac Chief Appraiser Scott Reuter recently noted pervasive market analysis deficiencies in appraisal opinions. The post Can You Measure Market Velocity? is the title of a 1975 journal article by Richard Ratcliff, MAI. Specifically, discrepancies from actual contract prices.

Marketing 195
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Research Shows Snapdocs Accelerates Loan Production Timeline

Appraisal Buzz

Research conducted by STRATMOR Group shows that mortgage lenders using Snapdocs ’ e-closing platform are 18 days faster than industry peers across the loan production timeline—from loan application through delivery to the secondary market. The research is based on self-reported performance data from over 150 mortgage lenders.

Mortgage 195
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Rocket lost money last year, so why are its shares up?

Housing Wire

per share at market open on Friday, up from $10.98 per share at market close the day before. If you increase the productivity, you increase the capacity, but you also increase the velocity. New client and market share acquisitions In a rare move, Rocket shared specific numbers of its market share growth.

Clients 394
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Existing-Home Sales Fell 4.3 Percent in March, Ending Rebound

Appraisal Buzz

Rising home prices also impacted sales velocity: The median existing-home sales price in March increased to $393,500 – up 4.3% There are nearly six million more jobs now compared to pre-COVID highs, which suggests more aspiring home buyers exist in the market.” Existing-home sales plummeted 4.3% million, and were down 3.7%

Inventory 195
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FAR parent updates investors on AAG integration, business performance

Housing Wire

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. million in fourth-quarter 2023.

Business 396
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‘Cash is king’ should be mantra for mortgage leaders

Housing Wire

Additionally, the Federal Housing Finance Agency’s recent announcement of increased upfront fees for high-balance and second-home loans is bound to create more pressure by pushing borrowers out of the market. The more you can increase that velocity, the quicker you generate cash. In the mortgage business, many expenses are front-ended.

Mortgage 351
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Is the savagely unhealthy housing market back?

Housing Wire

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. This is why the days on the market are so low historically after 2020. million, up from 1.03