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Class Appraisal names Gary Ferguson as its new CTO

Class Appraisal named Gary Ferguson as its chief technology officer to spearhead its pursuit of tech solutions. Ferguson has 20 years of experience in enterprise application development and has spent most of his career in the mortgage industry. Prior to joining Class Appraisal, Ferguson was CTO at Centric Technology Solutions. Via:: Class Appraisal names Gary Ferguson as its new CTO …

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Mortgage Rates Recover With Help From an Old Friend

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates recovered most of yesterday’s losses today, following turmoil in European financial markets. What does Europe have to do with rates in the US? A lot, actually. In fact, Europe deserves credit for most of the glacial move toward lower rates seen from early 2014 through mid-2016, and was a key …

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Annual Rent Growth Finally Turns Negative

By Jann Swanson Posted To: MND NewsWire Evidence is growing that the housing market is cooling, and Zillow is adding to the pile of proof. However, its contribution points more to a slowdown in the rental market than breaking any news about housing prices. The company says that annual rent growth has now slowed nationally for eight straight months and …

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Rise of The Real Estate Teams

By Jann Swanson Posted To: MND NewsWire Anyone who has ever worked as a real estate agent will understand the real reasons behind a new finding from the National Association of Realtors® (NAR). The organization recently conducted a survey among its Realtor members to find out how many considered themselves as members of a team . The survey, conducted in …

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HELOC and Digital Products; Training And Events

By Rob Chrisman Posted To: Pipeline Press Whether it is reducing the number of cookies in a package and keeping the price the same or putting less ounces of cereal in a box and keeping the price the same, both are ways of slyly passing on costs to consumers. In housing, the same thing can be done. It turns out …

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MBS Day Ahead: Scary Technical Pattern Shaping Up For Bonds

By Matthew Graham Posted To: MBS Commentary What is a pivot point ? In our primer on the topic, I talk mostly about levels that have repeatedly offered resistance or support to bond yields, but there’s another relevant addition to the definition. Pivot points can also be suggested by a singular bounce at long-term high/low. It’s not necessarily the first …

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Mortgage Rates Back up to Recent Highs

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates moved higher at a quicker pace today, following the release of the Minutes from the most recent Fed meeting. But correlation isn’t necessarily causality in this case. The Minutes provide a more detailed account of the Fed meeting that resulted in September’s rate hike. That rate hike was foregone conclusion …

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MBS RECAP: Fed Proves to be Mere Speedbump For Bond Sellers

By Matthew Graham Posted To: MBS Commentary Hindsight really is 20/20, and foresight wasn’t too bad either. Either way, the picture is becoming clearer as bond yields move back toward recent highs in the wake of today’s Fed Minutes. Let’s start with the foresight . We’d been expecting (or at least entertaining the strong possibility) bonds to weaken earlier this …

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