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Portrait of a pre-foreclosure peacemaker

Housing Wire

Sandoval said her approach is one that is difficult for banks and mortgage servicers to replicate, not only because of the face-to-face experience she offers but also because of the inherent – and often misguided– distrust that many distressed homeowners have for financial institutions. “There is nothing like that face to face.

Retail 448
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When Purchasing a Home, Make Sure the Time Is Right

Appraisal Buzz

While still above market value, homebuyers are only paying a 4.8% Sync Your Calendars ATTOM found that other days of the year offering lower premiums for homebuyers included October 2 (5% premium above market value); December 24 (5.1% premium above market value) October (7.4% premium, compared to the 14.6%

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How Many U.S. Homeowners Remain Equity-Rich? 

Appraisal Buzz

of mortgaged residential properties in the US were deemed equity-rich in Q3, which means that the total estimated amount of loan balances secured by those properties was no more than half of their estimated market values. of mortgaged residences. of mortgaged residences. From a recent peak of 49.2%

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Q4 Home Equity Holds Steady Nationwide

Appraisal Buzz

of mortgaged residential properties in the U.S. were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. Nearly half of all residential mortgage payers in the U.S. percent to 47.9

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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Marketing 482
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Georgia looks to protect residents from title theft with new law

Housing Wire

Title theft occurs when a criminal impersonates a property owner and sells or takes out a second mortgage on the owners property. If the offer is less than the previous yearsassessed value of a property, the offer must state that this offer is less than the county assessed value for this property.

Law 397
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Market Correction or Seller Panic?

Appraisal Buzz

The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. Fast-forward to today, and that same loan translates into a monthly payment of $1,468 – a 46% increase in monthly mortgage expense! Therefore, it begs the question: what will happen to home values?

Sellers 435