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TPO, BI, Social Media, POS Products; Conv. Conforming Changes; Blend CEO Interview

If I tried to carry my cat Myrtle around like in this short video, there would be conflict. We all continue to hear conflicting information about home sales and prices in different parts of the nation and at different price points. One thing remains constant: there are over 50 million people aged 28-38. Millions do not own homes yet; sure, some of them don’t want to own them, but millions do. There are currently only 562,000 active listings of houses for sale in the U.S. The supply/demand imbalance that helps home prices. Zonda did a survey of why people decide to buy a home. The top reasons, which every LO should use in conversations, are: building my own equity rather than someone else’s, marriage or having kids, stability, participating in home price appreciation, and it was cheaper to own than to rent. Recent reports have New Home Sales rising 9.6 percent MOM in March but were down 3.4 percent compared to a year ago. The median new home price was $449,800 which was up ....

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Marketing, Sales, Property Data, Cybersecurity, Home Insurance Products; Training and Webinars

While here in Denver I received an email. “Rob, does what’s going on in Florida impact lenders?” I had to figure out if the author was asking about Disney/DeSantis, new Florida Man news, climate change, or insurance issues. Florida has a lot of cool things: manatees, Dry Tortugas National Park, Epcot Center, and cigar rollers in Tampa who do parties. Unfortunately it now has an additional insurance fee, as Florida has imposed a 1 percent “emergency” fee to property insurance premiums due to property-insurer insolvencies. Lenders in Florida often mention the Agencies, including HUD, and loan amounts. More specifically, many people living in Florida (“locals”) couldn’t buy their own homes due to wages versus values. Many of the Florida home loans that LOs have crossing their desks are now true jumbos. Buyers don’t get much in Tampa for $700k, and eastern Florida is worse. The loan limits are out of adjustment for the locals. ....

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Stewart Valuation Intelligence, LLC is Approved to Support Fannie Mae's New Valuation Modernization Process

Stewart Valuation Intelligence, LLC is Approved to Support Fannie Mae's New Valuation Modernization Process
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Progress now or perfect later: Improving the appraisal process

The recent Appraisal Subcommittee (ASC) hearing and the premiere of “Our America: Lowballed” hosted by the Brookings Institution delved deep into the numerous concerns, history and opinions on needed improvements within the appraisal industry. In particular, the events zeroed in on patterns of discrimination and bias for minority borrowers and homeowners. ....

United States , Brookings Institution , Fannie Mae , Appraisal Subcommittee , Valuation Modernization , Uniform Appraisal Dataset ,