Last year was a record-breaking year for the entire Indiana real estate market. Not surprising is the fact that Indianapolis house prices are also on the rise in the year 2021. Demand is still outpacing the supply, the new construction
CEO Matt Widdows pushes HomeSmart toward IPO
HomeSmart is a growing real estate brokerage that may go public, but the company faces questions about its business model and the compensation of founder and CEO Matt Widdows. Founded in 2000, Scottsdale, Arizona-based HomeSmart is the seventh largest brokerage
Lunch & Learn : The Role of Appraisers in the Future of Valuation
Hosted by Accurate Group Collateral valuation is a critical component of mortgage lending and the home sales process. During the course of the pandemic, mortgage professionals have seen origination volumes for refi and purchase skyrocket as they have simultaneously faced challenges
Wells Fargo reports lower GOS and origination volume in Q4
Wells Fargo originated $48.1 billion worth of mortgages in the fourth quarter, down from $51.9 billion in the previous quarter. The bank’s mortgage lending gain on sale margin — the earnings stemming from its originations — tumbled from 204.5 basis
Most Competitive Neighborhoods in Richmond to Buy a House
Thinking of buying a house? Consider house-hunting in Richmond, VA. The River City is well-known for its history and role in the Civil War, commemorated with interesting museums and historical sites, lively food scene, and easy access to the James
What happens when forbearance ends?
This video is part of our HousingWire 2022 forecast series. After the series wraps in January, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the
Agents scramble to meet demand…in Rochester?
Rochester, New York On Saturday, high temperatures in Rochester, New York, will plummet to a frigid eight degrees Fahrenheit and the city has already seen over 18 inches of snow since the start of the year. That’s standard for Rochester,
Non-QM lenders hunt for LOs as consumer-direct model falters
While layoffs sweep the mortgage industry, particularly consumer-direct lenders, non-qualified mortgage (non-QM) lenders are going on a hiring spree. Non-QM lenders Angel Oak Mortgage, Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. According
Here are 7 trends to watch in the 2022 appraisal market
The tides of the mortgage industry are changing as we head into 2022, and just like the sand under the waves, we can expect the appraisal landscape to shift along with it. Appraisers, like many other service providers, must adapt
What are the drivers of housing demand in 2022?
This article is part of our Housing 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide
Most Competitive Seattle Neighborhoods to Buy a House
Known for its thriving coffee culture, natural beauty, and booming tech hub, Seattle, WA is attracting people from all over the country looking for a taste of the Pacific Northwest lifestyle. Throw in ample career opportunities and an eco-conscious culture,
Freedom Mortgage dominates the MSR market
Another large mortgage-servicing rights bulk offering is on the market this week on the heels of a $10 billion MSR package that went out to bid earlier this month. The latest deal is being marketed by New York-based Mortgage Industry Advisory
What is MLS? Multiple Listing Service Explained
While first-time homebuyers and even seasoned homeowners might have heard of MLS, they may not be familiar with the role it plays throughout the home buying and selling process. Understanding how the MLS factors into the process can help you
San Antonio Housing Market: Prices | Trends | Forecasts 2022
Let’s take a look at the latest San Antonio real estate market trends. The pandemic has failed to slow down the San Antonio housing market. San Antonio area’s housing market is hot as demand outpaces supply that prices keep hitting
Condo and Apartment Security: 9 Tips to Keep in Mind
Living in a condominium or apartment complex can give residents a great sense of security, and typically for good reason – many community complexes feature a secure access control that carefully manages authorized entry. Typically, you don’t see this level
Understanding Realogy’s stance on commissions
When Missouri federal judge Stephen Bough unsealed a sworn declaration last week from Coldwell Banker CEO Ryan Gorman in a sprawling antitrust lawsuit about real estate commissions, it prompted disquiet among real estate agents, including those who work at Gorman’s
Declutter – It’s a Process!
Cleaning our homes from clutter is not on the top of our list of fun things to do.
Black mortgage applicants are denied 84% more often than whites
The gap of mortgage denial rates between Black and white applicants has widened over the past two years, limiting access to homeownership and opportunities to build wealth Go to Source Author:
Fannie plans $15B in CRT deals in 2022
Fannie Mae opened 2022 with its 45th credit-risk transfer (CRT) deal through its Connecticut Avenue Securities (CAS) real estate mortgage investment conduit, or REMIC, bringing the collective value of notes issued through the conduit to nearly $52 billion since the first
RE/MAX Holdings CEO Adam Contos stepping down
RE/MAX Holdings CEO Adam Contos is stepping down effective March 31, 2022. While the company plans to form a CEO search committee, Board Member Stephen Joyce will be appointed Interim CEO. Contos and Joyce will serve as co-CEOs beginning March
Stewart Title makes second acquisition in under a week
Less than a week after acquiring Nashville-based Homeland Title, Stewart Title is at it again. On Tuesday, the smallest of the “Big Four” title insurers announced that it had acquired a majority interest in Houston-based Great American Title Company (GATCO).
Appraisers slam FHFA appraisal blog post
Research detailing overt demographic references in appraisal reports has sparked anger from appraisers, even as they express dismay at the findings. “I was sickened when I read it,” said St. Petersburg, Florida-based appraiser Francois “Frank” Gregoire. “I was extremely upset
Erie Title Agency merges with Barristers of Ohio
The Hanna Family of Companies, the parent company of Howard Hanna Real Estate Services, announced the merger of Erie Title Agency, Inc and Barristers of Ohio to form Erie Title Barristers Group on Wednesday. The Cleveland-based Erie Title has been
Mortgage delinquency rate reaches prepandemic levels
Mortgage delinquency rates hit pre-pandemic levels in October due to labor market improvements and home equity increases, according to the most recent CoreLogic Loan Performance Report. The expectation is that rates will continue to decline during 2022. In October, 3.8%