Better Dwelling

APRIL 22, 2021

The post A Canadian Government Official Finally Used The Term “Bubble” To Describe Property appeared first on Better Dwelling. Vaughan isn’t just an elected official, but also the Secretary to the Minister in charge of most of the country’s housing policy.

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Housing Wire

JANUARY 9, 2024

Among the numerous issues that retirement preparation can present to those near the end of their careers, long-term care (LTC) provides an increasingly common discussion point. Admittedly, it’s easy to see that most people will require some sort of long-term care later in life,” writes retirement advisor Jerry Golden.

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Housing Wire

APRIL 12, 2024

As artificial intelligence continues to grow in prominence, mortgage professionals “must carefully evaluate and manage” their use of AI and “focus on deriving the benefits while avoiding potentially catastrophic risks.” I think if you want to innovate, you need to be able to think long-term. And I think AI is one of those things.

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Industrial Technology Banks Mortgages 352

Housing Wire

APRIL 11, 2024

Most people do not understand that the Medicare program does not cover long-term care, and the pair contends that many in need of it are not prepared for its high costs. “It You might […] find that your retirement plan can pay for more than it could just a few years ago,” Golden said, referencing the couple’s use of a HECM product.

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Housing Wire

FEBRUARY 1, 2024

Editor in Chief Sarah Wheeler sat down with Uday Devalla, chief technology officer at Sagent and a 2023 Vanguard , to talk about his focus on transforming servicing, what really counts with data and the right approach to using artificial intelligence. Generative AI is obviously a huge milestone in terms of the development of overall AI.

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Housing Wire

APRIL 22, 2024

Through the terms of the deal, stockholders will get $2.75 The firm announced Monday that it has acquired 3D scanning company Matterport. The Andy Florance -helmed CoStar purchased all of Matterport’s outstanding shares for $5.50 each, representing a value of $2.1 per share in cash and $2.75 in shares of CoStar Group.

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Housing Wire

MARCH 21, 2024

Navigating knowns and unknowns The current “knowns” for these MLSs and associations are the terms of NAR’s settlement agreement, which includes a variety of changes to the industry. As a result, REcolorado users will not see major changes as they use the MLS.” To use or not use MLS?

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Housing Wire

MARCH 12, 2024

Affordability challenge workarounds In the face of affordability challenges, Latino migration to lower-cost areas and the use of co-borrowers were more common in 2023. But last year I had co-borrowers where the dad was jumping in, the mom jumping in. I’ve even seen grandparents jump in. So, I did see that spike this year.”

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Housing Wire

APRIL 4, 2024

Despite recent data indicating a poor affordable housing situation in Texas , the city of Houston must return $45 million in unused affordable housing funds to the state after failing to use them for construction of new homes. This is according to local reporting by a Houston ABC News affiliate.

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Housing Wire

JANUARY 17, 2024

A Federal Housing Finance Agency (FHFA) analysis has shown racial disparities in appraisers’ use of time adjustments, potentially harming borrowers of minority groups. A 5% sample of the UAD data was used, including the period between the third quarter of 2018 and the fourth quarter of 2021.

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Bigger Pockets

OCTOBER 30, 2023

Earlier this month, AirDNA rolled out a game-changing feature on their platform, helping short-term rental investors even more.

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Housing Wire

FEBRUARY 7, 2024

The update also clarifies the qualifying interest rate for adjustable-rate mortgages (ARMs) with terms of 7 and 10 years, respectively. The update allows cash-out refinance transactions for manufactured homes with terms of up to 30 years, adding 10 years to the allowable term under prior guidance.

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Housing Wire

APRIL 8, 2024

The Consumer Financial Protection Bureau (CFPB) on Friday issued a rep o rt indicating that it is taking a closer look at the impact of “discount points” on mortgage transactions, noting that use of the practice has picked up over the past two years with undetermined value for mortgage borrowers.

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Housing Wire

OCTOBER 16, 2023

Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. Homebuyers using a variety of mortgage loans to finance their home purchase are eligible to use assistance options to help with their down payment and/or closing costs. Let’s use $10,000 as an example.

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Housing Wire

APRIL 17, 2024

“Once federal regulations were adopted some years ago, the Home Equity Conversion Mortgage (HECM) eliminated many of the problems we came to associate with the term reverse mortgage,” Robinson told the MarketWatch blog. “I I used to dislike reverse mortgages.

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Mortgages Equity Loans As-is 415

Housing Wire

MARCH 19, 2024

It can be used as a channel for mortgage holders to seek assistance in times of distress, or as a platform for lenders to advertise opportunities for equity-based loans or refinancing. “At That is a common goal we share.

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Technology Banks Mortgages Equity 410

Housing Wire

MARCH 5, 2024

They include the reallocation of funds originally earmarked for relief from the economic impacts of the COVID-19 pandemic for affordable housing construction, as well as new provisions for the 2021 American Rescue Plan (ARP) Emergency Rental Assistance (ERA) program to clarify the use of such funds for affordable housing.

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Housing Wire

OCTOBER 12, 2023

When we see transactions that are executed at a price that is materially different than FMV, it is usually because the deal terms are imbalanced, favoring either the buyer or the seller. FMV is based on what we consider neutral terms, where the risk is equally shared between the buyer and the seller. the purchase price).

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Housing Wire

DECEMBER 11, 2023

Under the terms of the settlement , EasyKnock has agreed to permanently end its sale-leaseback solution in Massachusetts, pay $200,000 to the state, return “tens of thousands of dollars of improperly held funds” to consumers, and make changes to its business practices.

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Housing Wire

APRIL 23, 2024

Through the terms of the deal, stockholders will get $2.75 Florence criticized the lead diversion model used by other listing portals, stating that it could become “stressed.” 1 residential real estate marketplace in terms of traffic, revenue and profitability in the years ahead.” each, representing a value of $2.1

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Housing Wire

MARCH 19, 2024

NAR’s settlement, which includes terms like mandatory buyer agency agreements and a ban on displaying offers of cooperative compensation on MLS platforms, only covers real estate brokerages that recorded $2 billion or less in transaction volume in 2022. But James Dwiggins, the CEO of NextHome , has a theory. Bhonsle said.

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Housing Wire

MARCH 28, 2024

Many were excited about the current or potential use cases for artificial intelligence , while others were a bit more jaded. Below are excerpts that show how some of those executives are using AI. Shayan Hamidi, REchat CEO : I think if you want to innovate, you need to be able to think long-term.

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Housing Wire

APRIL 9, 2024

Adjusting strategy is a slow process, but even long-term change can deliver positive short-term results. The true profit, however, is in the long term, and the sooner lenders begin to adapt, the closer the payoff gets. Traditionally, lenders used data to highlight risk. Big changes start with small steps.

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Housing Wire

APRIL 19, 2022

The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. For now, only borrowers financially impacted by the pandemic can opt for the loss mitigation option, and it may only be used in combination with a partial claim option.

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Housing Wire

MARCH 8, 2024

While Hometap doesn’t directly work with mortgage lenders or real estate brokerages right now, Burnett sees an opportunity for partnership to help buyers’ homeownership in the long term. Two other companies in the space – Point and Unison Equity Sharing – both use a share of appreciation model.

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Equity Marketing Investor Loans 335

Housing Wire

MARCH 19, 2024

Polly’s API integration with CoreLogic is part of the fintech’s long-term strategy to provide innovation for lenders. Lender Intelligence can be used in conjunction with Polly’s PPE and Loan Trading Exchange for pricing decisions. Lenders can also license Polly’s raw data for use in tandem with existing in-house tools.

Technology 359

Technology Loans Mortgages Banks 359

Housing Wire

APRIL 11, 2024

He noted that he has used his college experience as an NCAA Division 1 scholarship diver, as well as a stunt diver at summer amusement park shows, to help him into the right frame of mind to navigate these challenges. “I I used to do high dives from 75 feet; I used to get lit on fire and paid for it,” Sears said. Sears said.

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VA loan Loans As-is Development 386

Housing Wire

MARCH 18, 2024

It can also be used as a channel for mortgage holders to seek assistance in times of distress. Lennar will also use multiple other data and analytics solutions powered by ICE’s mortgage dataset to further mitigate risk and support data-driven decision-making. for benchmarking and strategic planning.

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Housing Wire

DECEMBER 21, 2023

Earlier in my life, I was directed away from using a VA loan when I purchased my first home. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market. REALITY: The VA benefit can be used again and again — it doesn’t expire.

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VA loan Loans Mortgages Lending 435

Housing Wire

DECEMBER 11, 2023

DSCR rental loans are non-qualifying mortgages (non-QMs) used by real estate investors to qualify for a loan based on their property’s cash flow without personal income verification. “Many customers at first come to us for our fix and flip loans.

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Loans Investor Mortgages As-is 374

Housing Wire

MARCH 25, 2024

Using trending videos, educational content and humor to reveal all the secrets about buying a house, Betley, known as @thatmortgageguy , has reached 870,000 followers and garnered 15.5 TikTok reported in March 2023 that 150 million Americans use the short-form video app. million ‘likes’ on TikTok.

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Loan Officer Loans Lending Mortgages 368

Housing Wire

MARCH 15, 2024

These efforts include having open house programs to help seller agents and co-marketing home listings with these professionals, using social media to reach borrowers, and sometimes buying leads, according to Kortas. He said he’s also interested in seeing where homes will be listed since they will no longer be required to be in the MLS system.

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Industrial Seller concession Purchase and sale agreement Agents 501

Housing Wire

SEPTEMBER 7, 2023

Homeowners can now see potential short-term rental income estimates on Realtor.com thanks to an integration with Airbnb. Short-term rental earnings estimates for hosting one room or the entire house will be available to homeowners via Realtor.com’s My Home dashboard, according to an announcement on Thursday. for short-term rentals.

Equity 364

Equity Mortgages As-is Marketing 364

Redfin

JANUARY 21, 2022

TLC and fixer-upper are often used interchangeably. To use these estimates to formulate an offer, you’ll need to know what investors and flippers call the “after-repair value” or ARV. When it comes to acquiring a TLC home, you may not be able to use conventional financing. What’s the difference between ‘TLC’ vs. ‘fixer-upper’?

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Housing Wire

FEBRUARY 21, 2024

.” Dara is the latest move in Sagent’s multiyear strategic plan, which also includes moving its platforms to the cloud and building long-term relationships with top U.S. mortgage servicers. Sagent is launching Dara at this week’s Mortgage Bankers Association Servicing Solutions Conference & Expo in Orlando.

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Technology Mortgages Equity Banks 346

Housing Wire

JANUARY 2, 2024

And I think that’s what will put regional pressure in terms of more and less on home prices.” However, HECM for Purchase (H4P) — a comparatively lesser-used HECM variant — could be used to allow more older Americans to purchase a new home using a reverse mortgage.

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Marketing Equity Industrial Mortgages 512

Housing Wire

JANUARY 30, 2024

There were large variations by state in the use of services during the last three years of life.” While the majority of older adults spent their final years at home with minimal use of skilled home care or institutional care until the final months of life, 40% had major health service needs,” they said.

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