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CFPB warns consumers about home equity contracts, comparing their features to reverse mortgages

Housing Wire

The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity.

Contracts 370
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Housing inventory is up, but so are unsold listings. Are renters to blame?

Housing Wire

Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. Rising supply is one of the housing market highlights of 2024, according to HousingWire Lead Analyst Logan Mohtashami , who said that housing inventory is approaching levels seen in 2019 before the COVID-19 pandemic.

Inventory 488
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Ocwen improves overall reverse mortgage performance despite volume contraction

Housing Wire

Reverse servicing increased its profitable contribution with higher gains on loans held for sale, even as volume contracted,” said Sean O’Neill, Ocwen’s chief financial officer. We also continue to dynamically manage our owned MSR portfolio to capitalize on differing views of market values amongst top market participants.

Contracts 438
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Better mortgage spreads are capping rates in 2025

Housing Wire

This situation contrasts with the challenges the market faced in 2023, during the banking crisis when the Federal Reserve was still raising rates. Mortgage spreads refer to the difference between the 10-year yield and the 30-year mortgage rate. Better mortgage spreads are limiting how high rates can rise in 2025. 26 in Dallas.

Mortgage 492
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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

To effectively support market condition adjustments in line with recent Fannie Mae guidelines, appraisers can use a variety of market analysis techniques. These methods provide a solid foundation for demonstrating how changing market conditions affect property values over time.

Appraisal 358
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On Time Adjustments

Appraisal Buzz

Measuring and analyzing changes in market conditions are critical and fundamental elements in real estate appraisal. Typically, this time starts when the comparable goes under contract, then ends on the effective date of the appraisal. To guess at the time adjustment is to fail to reflect market trends truly and correctly.

Contracts 284
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Experts weigh usefulness of exclusive listings

Housing Wire

Office exclusives are becoming an increasingly significant segment of the Bright MLS marketplace, according to a recent Bright MLS study examining their impact on the broader housing market. This shift is prompting real estate professionals and consumers alike to reevaluate implications of this marketing approach.

Brokerage 326