Keeping Current Matters

JULY 28, 2022

If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture.

Marketing 250

Marketing 250

Housing Wire

JULY 28, 2022

The U.S. House of Representatives passed a bill late Wednesday creating federal minimum standards, which would allow notaries nationwide to perform remote online notarizations. The legislation passed the House with a vote of 336-90. A key to advancing the universal adoption of fully electronic mortgages is the creation of remote online notarization (RON) standards across all 50 states.

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Title Mortgages Land Technology 529

Brownstoner

JULY 28, 2022

The Bed Stuy chapter of the historic secret aid society run by Black women, United Order of Tents, has pulled back the curtain to ask the community for help restoring its magnificent but dilapidated headquarters at 87 MacDonough Street. In a GoFundMe that kicked off July 21, United Order of Tents… Read More > The post Bed Stuy’s Secret Tents Society Launches Fundraiser to Restore Its Grand But Crumbling HQ appeared first on Brownstoner.

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Renovation 119

Housing Wire

JULY 28, 2022

Freddie Mac ’s net income for the second quarter slipped to $2.5 billion, a 33% year-over-year decline, as it grapples with the mortgage sector’s vulnerability to fluctuations in interest rates. Freddie Mac’s net income for the year so far has decreased to $6.3 billion compared to $6.4 billion in 2021. But while Freddie Mac’s net income was down from the $3.8 billion it made in the first quarter, the company has still brought in more revenue year-to-date compared to last year.

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Loans Investor Mortgages Banks 418

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Development

Eye on Housing

JULY 28, 2022

The U.S. economy definitively slowed in the first half of 2022 as the Federal Reserve tightened financial conditions. Real GDP fell for the second straight quarter, while the Fed raised interest rates by 75 basis points for the second consecutive month to reduce inflation pressure. Despite these negative elements, the job market remained solid amid inflation concerns and growing recession.

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Marketing Residential Construction 116

Housing Wire

JULY 28, 2022

Lenders continue to face tightening profit margins as interest rates stay substantially higher than they were last year. In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. HousingWire: As businesses of all types begin to rely more heavily on automation, is the mortgage industry doing enough to keep pace?

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Technology Lending Loans Residential 418

Housing Wire

JULY 28, 2022

Nonbank mortgage lender Pennymac Financial Services laid off 32 additional employees in July, ahead of its scheduled Aug. 2 second-quarter earnings report. It marks the California-based company’s third round of layoffs this year, as Pennymac had a workforce reduction of 236 employees in March and cut another 207 staff members in May. According to a Worker Adjustment and Retraining Notification (WARN) alert submitted to the Employment Development Department (EDD), on July 18 the company cut

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Equity Loans Title Mortgages 397

Tom Ferry

JULY 28, 2022

What is the single most important factor underlying your success in anything you try your hand at? Some might guess skill. Some might guess people skills. And some might guess charisma. But none of those are the actual answer. It’s your energy. But not just any type of energy. Scientists call it “activation energy.” This […]. The post 6 Steps to Increase Your Discipline and Get Everything You Want in Life appeared first on Tom Ferry.

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Agents 104

Housing Wire

JULY 28, 2022

United Wholesale Mortgage (UWM) rolled out a new adjustable-rate mortgage (ARM) product for jumbo loans in an effort to provide brokers more options in a highly competitive mortgage origination market. UWM’s Prime Jumbo Max pricing offers a seven- or 10-year ARM with a rate/term and cash-out refi for a maximum loan amount as much as $3 million, with a maximum loan-to-value ratio of 80% and minimum FICO score of 700, the wholesale lender said.

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Loans Mortgages Closing costs Design 397

HomeLight

JULY 28, 2022

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Individual program details can also frequently change — please visit a company’s website for the most up-to-date- information on each program’s fees, market coverage, business model, and more.

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Closing costs Purchase and sale agreement Residential Closing 104

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Industrial

Housing Wire

JULY 28, 2022

Marketers are often the most creative and influential marketing minds in the housing economy. Over the last few years, they’ve proved over and over again just how important and strategic their role is when it comes to being agile in times of uncertainty, filling the sales funnel, leading strategic brand executions and more. Their pivotal role in the industry is why we’re excited to offer marketing leaders a place to come together for a few hours to focus on what you do as a marketer

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Marketing Branding Industrial Technology 397

Sotheby's International Real Estate

JULY 28, 2022

Is there a separation between art and craft? For many of the most celebrated artists, architects, philosophers, and designers of the past 200 years, art and craft exist on a continuum, so every space and object deserves to be a masterpiece in its own right. The term for this is Gesamtkunstwerk —a loanword of German origin that roughly translates to “a total work of art”.

Design 99

Design 99

Housing Wire

JULY 28, 2022

Purchase mortgage rates dropped after climbing for two consecutive weeks, reflecting declining consumer confidence and an emerging “technical recession,” amid a higher interest rate environment. Purchase mortgage rates declined this week to average 5.30%, down from last week’s 5.54%, according to the latest PMMS survey from Freddie Mac.

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Mortgages Fixed-rate mortgage Lending Sales 397

Mandrona Group

JULY 28, 2022

Located in Monroe, Washington Since 1949, the 193-acre Evergreen State Fairgrounds is home to the Evergreen State Fair which attract. Read More.

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Brokerage

Housing Wire

JULY 28, 2022

Some homeowners are confronting a difficult choice: sell or face foreclosure. Even those with a considerable equity stake may find themselves in this dilemma. What can lenders do to help borrowers facilitate a sale, protect the equity in their home, and potentially remain in their home following the sale by negotiating a leaseback option? HousingWire recently spoke with Phil Johnsen, SVP/GM Servicing & Real Estate Solutions at Altisource, about how Altisource’s Equity Sheild can help.

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Equity Title Title search Banks 397

HomeLight

JULY 28, 2022

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Individual program details can also frequently change — please visit a company’s website for the most up-to-date- information on each program’s fees, market coverage, business model, and more.

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Purchase and sale agreement Closing costs Closing Title 98

Housing Wire

JULY 28, 2022

“Big Four” title insurers Stewart Information Services Corporation and First American Financial have maintained that they prepared diligently for a rising interest rate environment. Based on second quarter 2022 earnings, it appears – at least for now – their preparedness is paying off. Stewart recorded a total revenue for the quarter of $844.1 million, up from the $818.8 million generated in Q2 2021.

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Title Commercial Investor Closing 397

HomeLight

JULY 28, 2022

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Individual program details can also frequently change — please visit a company’s website for the most up-to-date- information on each program’s fees, market coverage, business model, and more.

Closing costs 98

Closing costs Purchase and sale agreement Closing Staging 98

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Agents

Housing Wire

JULY 28, 2022

The U.S. Treasury Department has issued new guidance empowering state, local and tribal governments to direct more of the funding appropriated under the American Rescue Plan Act of 2021 toward affordable-housing investments. The $350 billion American Rescue Plan (ARP) includes a range of aid focused on reducing hardships that individuals, businesses and communities face due to the COVID-19 pandemic.

Development 397

Development Finance Loans Construction 397

HomeLight

JULY 28, 2022

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Individual program details can also frequently change — please visit a company’s website for the most up-to-date- information on each program’s fees, market coverage, business model, and more.

Closing costs 97

Closing costs Purchase and sale agreement Closing Staging 97

Housing Wire

JULY 28, 2022

Despite drops in revenue and income in the second quarter , Old Republic International Corp. executives remained positive during their earnings call with investors Thursday afternoon. “While we are reporting decreases in revenue and pretax operating income for this quarter, it is important to keep in perspective that these comparisons are to a year that saw record-setting demand for housing and investments in the real estate market,” Old Republic Title President Carolyn Monroe told investors.

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Title Commercial Investor Residential 370

HomeLight

JULY 28, 2022

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more.

Closing costs 97

Closing costs Purchase and sale agreement Closing Investor 97

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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

Agents

Housing Wire

JULY 28, 2022

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. With the acquisition, Xactus will offer flood zone determinations to its clients by using its proprietary flood data and technology products, the firm said Wednesday.

Banks 370

Banks Technology Lending Loans 370

HomeLight

JULY 28, 2022

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Individual program details can also frequently change — please visit a company’s website for the most up-to-date- information on each program’s fees, market coverage, business model, and more.

Closing costs 96

Closing costs Purchase and sale agreement Closing Staging 96

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. Even economists are divided on what’s to come: Some believe rates have already peaked; others say they’ll climb until or unless the nation’s economy officially enters a recession.

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Marketing Loan Officer Lending Mortgages 321

HomeLight

JULY 28, 2022

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Individual program details can also frequently change — please visit a company’s website for the most up-to-date- information on each program’s fees, market coverage, business model, and more.

Closing costs 96

Closing costs Purchase and sale agreement Closing Staging 96

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Sales

Real Trends

JULY 28, 2022

Canadian buyers are taking a breath as they wait to see where prices will land as the market normalizes, according to the Engel & Völkers 2022 Mid-Year Canadian Luxury Real Estate Market Report , a residential property analysis covering the markets in Halifax, Montréal, Ottawa, Toronto, and Vancouver. This year’s analysis shows how Canada’s real estate market is normalizing after record highs in 2021.

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Marketing Due diligence Land Banks 95

Realty Biz

JULY 28, 2022

After struggling to keep up with demand for much of the last two years, U.S. home builders say they’re now seeing a slowdown in sales, resulting in a backlog of homes they’re struggling to sell. r ince. Sales of newly built homes fell more than 8% in June from the prior month and were down 17% from a year ago, according to a report Tuesday from the U.S.

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Sales Investor Mortgages As-is 92

Lighter Side of Real Estate

JULY 28, 2022

Most people looking for info on how to become a real estate agent are just wanting to learn how to get licensed and, ultimately, “hired” by a real estate company. They’re looking for: How many hours of class they need. What real estate schools are in the area. What kind of test they have to pass. If the test is difficult or not. Tips on passing the real estate exam.

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Agents Branding As-is Staging 91

BubbleInfo

JULY 28, 2022

Check out our new listing in Davidson’s Starboard neighborhood of La Costa Oaks! 7535 Circulo Sequoia, Carlsbad 5 br/3.5 ba, 4,0000sf YB: 2005 LP = $2,295,000 The original owner of this premier Plan 2 was the CFO of Davidson Communities, and added over $100,000 in custom upgrades you probably won’t find anywhere else. The smooth-finish […].

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