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If you’ve ever had the privilege to experience a taste of la dolce vita in Italy, then you’ll understand the dilemma I am facing; I want to shop for everything. The homes and hotels of Italian tastemakers have well and truly stolen my heart, so I set myself a little challenge to narrow down these trends to just five – five key home decor trends that I would slowly incorporate into my own home. 

You may already be familiar with, or even own, a few of these Italian-influenced designs. See which ones are having a moment below – at least for me – and get inspiration for how to decorate with them in your own space.

decorating with neutrals. One important aspect to consider when decorating with a subtle or muted color palette is to bring in as much texture as possible as it creates interest and layers – important factors when strong room colors are out of the picture. 

Texture in interior design is crucial if you want to create a modern rustic room that is also contemporary yet cozy. Quite simply, without texture, your space will fall flat. It’s vital to look at the room as a whole and bring an area together with mixed materials for energy and warmth.

‘Texture can determine how a modern rustic room looks and feels, so invest in plenty of raw materials alongside natural reclaimed wood, linen, wool – and elements of greenery,’ says homeowner Lauren Meichtry, founder of Elsie Home.

3. Kitchens with character

Tailor-made kitchen by Officine Gullo in Florence

(Image credit: Officine Gullo)

Decorative kitchens, with plenty of personality, are rife in Italy. For many traditional Italian families, the kitchen is truly the heart and soul of the home. 

No matter the era or status of the home, the kitchen was first and foremost a functional space. It is the engine room of the home, the space that keeps everything running smoothly. It is somewhere that meals are prepared and sometimes eaten, as well as being where the essential household tasks are carried out. However, this is only part of its role – it is also the hub of the house. 

Today, the kitchen is a space to commune and spend time with family and friends. The duality of its role means that it is important that the kitchen not only meets your practical needs but is also beautifully decorated, offering a warm welcome to anyone who passes its threshold.

This delightfully bold and bright kitchen in the heart of Florence’s historical center is a visual feast for the senses. Designed by Officine Gullo, the colors have been chosen to harmoniously chime with the architecture and furnishings that define the room.

‘Colourful kitchen ideas have been enjoying rather a renaissance, and we’re seeing brighter colors on walls, cabinets, and even ceilings,’ says Emma Bulmer, head color consultant at Edward Bulmer Natural Paint. ‘The colors and color combinations being used are also becoming more creative and confident.’

4. Patterned tiles

(Image credit: Studio Indigo)

Often featuring a myriad of intricate patterns, original patterned tiles are highly sought after. Globally, Italian manufacturing and innovation dominate the design industry, and tiles are no exception.

More than any other floor and wallcovering, tiles have undergone a renaissance, becoming a design favorite whether used in a new build or to remodel an existing home. While there are plenty of choices for popular neutral tones, the big tile trend is for tiles that feature the dazzling colors and patterns of traditional Moorish and Italian tiles. 

As reclaimed tiles come from all sorts of properties, they often have a unique story attached to them. ‘We source a lot of tiles from junkyards – a good place to start if you only need a few replacement tiles to mix and match,’ says Andy Triplow from The Vintage Floor Tile Company. ‘However, reclamation companies often only stock a handful of tiles and are unable to offer enough for a complete floor, which is why it is good to start collecting early.’ 

5. Lighting with purpose

(Image credit: Natalia Miyar Studio)

No one does innovative and contemporary design quite like some of the world’s best Italian designers. Lighting with purpose, be it sculptural or to highlight a focal point, is a look that the Italians have perfected. 

With their delicate interplay between form and function, all rooms benefit from a well-executed decorative lighting scheme. During my time away, I was taken aback by the creativity on display when it came to choosing light sources. 

Lighting isn’t just about the light. There are many design-led options for your home and backyard, from decorative pendants to wall lights with an extendable arm. Remember that warm white light will create an inviting glow.

‘Homeowners are seeking unique pieces for their homes that create maximum impact,’ says Ian Cameron, creative director at Cameron Design House. ‘From unusual shapes to innovative materials, there is an increased desire from customers looking to be more daring in their design choices. There will be a demand for unusual and eye-catching light pieces that challenge every day and are show-stopping art forms in themselves.’

Shop the Italian-style decor edit

Achieving the Italian dream in your home is easier than you think. I’ve selected my favorite buys for you to shop below. They are already in my basket…

Ines Chair

Astrid Fringe Stool

Velvet Trova Pillow

Marlow Bouclé Curved Sofa

Vienne Wool Striped Ochre Yellow Area Rug

Punyo Side Table

Source: homesandgardens.com

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Country roads, take me home…

When it comes to finding the ideal place to put down roots, West Virginia is a state that often flies under the radar. Offering a singular blend of natural beauty, thriving local economies and rich cultural tapestries make the towns and cities featured below fantastic places to live in West Virginia.

Whether you’re a young professional chasing career opportunities, a family seeking quality education and safe neighborhoods or retirees looking for a peaceful retreat, the Mountain State has something for everyone. Let’s embark on a journey to uncover the unique qualities that make each town below stand out as one of the best places to live in West Virginia.

  • Population: 29,219
  • Average age: 24.2
  • Median household income: $36,991
  • Average commute time: 23.6 minutes
  • Walk score: 59
  • Studio average rent: $442
  • One-bedroom average rent: $750
  • Two-bedroom average rent: $742

Morgantown offers a harmonious blend of college-town energy and Appalachian tranquility. Home to West Virginia University, the town hums with a youthful vibe that infuses everything from its trendy coffee shops to its bustling arts scene. The university acts as a hub, drawing in world-class performances, sporting events and academic conferences. At the same time, its healthcare and biotech industries offer solid employment opportunities, making it a stable place to plant roots and raise a family.

Outdoor enthusiasts will never have a dull weekend here. Morgantown is just a stone’s throw away from the Cheat River, offering a playground for kayakers, anglers and hikers. Morgantown is also famous for its Personal Rapid Transit (PRT) system — an eco-friendly public transportation marvel — that whisks residents and students around town with futuristic flair. Affordable housing options, highly rated schools and an array of eateries serving everything from Appalachian comfort food to global cuisines make Morgantown an appealing choice for people of all ages and backgrounds.

  • Population: 48,018
  • Average age: 42.1
  • Median household income: $54,101
  • Average commute time: 17.1 minutes
  • Walk score: 33
  • Studio average rent: $549
  • One-bedroom average rent: $725
  • Two-bedroom average rent: $784

As the capital city, Charleston secures its spot as one of the best places to live in West Virginia through a compelling mix of political gravitas and natural beauty. It’s where marbled government buildings stand just a short walk from artisan boutiques and casual eateries. The Charleston Coliseum and Convention Center serves as the heartbeat of entertainment in the city, hosting concerts, sporting events and even the annual state dance festival. Job opportunities are abundant here, particularly in healthcare, education and government, making it a prime location for career-driven individuals and families alike.

Even if you’re not into politics or live shows, Charleston knows how to keep its residents engaged. The Kanawha River snakes through the city, providing a waterway for boating or a scenic backdrop for an afternoon jog. An appealing blend of modern amenities and a serene Appalachian setting make Charleston an irresistible place to call home.

  • Population: 46,025
  • Average age: 35.6
  • Median household income: $33,012
  • Average commute time: 17.9 minutes
  • Walk score: 49
  • Studio average rent: $690
  • One-bedroom average rent: $750
  • Two-bedroom average rent: $1,050

Huntington presents an engaging mix of academic excellence and industrial strength. This riverside town is home to Marshall University, an institution that contributes not just educated graduates, but also a youthful energy that permeates the city. You’ll find eclectic shops, buzzing cafes and a range of art galleries, thanks to this infusion of student spirit. Huntington is also a working town with deep roots in manufacturing and healthcare, providing diverse employment prospects for its residents.

Ritter Park is a community favorite, with trails for runners, gardens for botany enthusiasts and playgrounds for the little ones. The Ohio River provides an inviting setting for a variety of water activities, from fishing to boating. On the food front, Huntington surprises with a diverse menu of options that defy its small-town status, offering everything from classic American fare to sushi bars. Top-notch schools and community-centered events like the annual ChiliFest round out Huntington’s appeal as a hometown with both heart and hustle.

  • Population: 26,568
  • Average age: 43.9
  • Median household income: $43,483
  • Average commute time: 18.9 minutes
  • Walk score: 37
  • Studio average rent: $620
  • One-bedroom average rent: $745
  • Two-bedroom average rent: $910

Wheeling stakes its claim as one of the best places to live in West Virginia by elegantly blending its rich history with a dynamic present. As a gateway to the West in the early days of America, this city has a storied past visible in its Victorian architecture and historic sites like the Capitol Theatre, a 1928-built venue that still hosts shows today.

When it comes to recreation, Wheeling doesn’t skimp. The Ohio River offers ample opportunities for boating, fishing and scenic picnics. The Wheeling Heritage Trails system provides miles of well-maintained paths for bikers, runners and anyone looking to enjoy the outdoors. On weekends, residents flock to the Wheeling Artisan Center to shop for local crafts or head to Centre Market to enjoy quality food with a side of live music. With its strong sense of community, excellent school system and plentiful entertainment options, Wheeling is the sort of place that wins you over and convinces you to stay for the long haul.

  • Population: 9,257
  • Average age: 45.2
  • Median household income: $87,936
  • Average commute time: 16.9 minutes
  • Studio average rent: $610
  • One-bedroom average rent: $620
  • Two-bedroom average rent: $740

Bridgeport doesn’t just make the list, it shines brightly as one of the best places to live in West Virginia, thanks to its top-rated schools, booming economy and family-friendly atmosphere. This growing city is a hub for the aerospace and healthcare industries, drawing in professionals and families with its promise of well-paying jobs and a high standard of living. Those eager to ascend the corporate ladder will find companies like Pratt & Whitney and United Hospital Center offering a plethora of career opportunities.

Beyond its corporate and educational accolades, Bridgeport is a town that knows how to kick back and enjoy life. Options for recreation abound, from golf courses that would delight even a PGA pro, to the sprawling Bridgeport City Park with its sports fields, hiking trails and summer concert series. Add to this the appealing mix of dining options — everything from old-school Italian joints to modern farm-to-table experiences — and you’ve got a city that satisfies every palate. Combining a robust economy with a laid-back lifestyle, Bridgeport truly offers the best of both worlds.

  • Population: 18,209
  • Average age: 34.2
  • Median household income: $47,618
  • Average commute time: 24.1 minutes
  • Walk score: 40
  • Studio average rent: $830
  • One-bedroom average rent: $840
  • Two-bedroom average rent: $1,050

If you’re looking for small-town charm with big-city conveniences, Fairmont effortlessly earns its spot as one of the best places to live in West Virginia. Fairmont is a hub for technology and education, serving as the home for Fairmont State University, which not only educates but enriches the community through cultural and sporting events. Job seekers will find a range of opportunities in healthcare, education and technology. But Fairmont doesn’t lean solely on its academic and economic credentials; it also has a thriving arts scene, featuring galleries, theatres and even a symphony orchestra.

Fairmont sits along the Tygart Valley River, providing ample opportunities for fishing, kayaking and enjoying serene waterfront views. The local parks are generously dotted with playgrounds, skate areas and baseball fields, ensuring that families have ample space to spread out and play. Foodies can explore an array of culinary delights, from mouth-watering pepperoni rolls right from the Fairmont bakery where they first came to life — The Country Club Bakery — to upscale dining experiences. Coupled with affordable housing and a strong sense of community, Fairmont proves that you can indeed have it all.

  • Population: 1,494
  • Average age: 21.2
  • Median household income: $53,125
  • Average commute time: 17.2 minutes
  • Studio average rent: $830
  • One-bedroom average rent: $840
  • Two-bedroom average rent: $1,375

Anchored by Shepherd University, Shepherdstown easily ranks as one of the best places to live in West Virginia. As the oldest town in the state, it exudes a sense of timelessness through its cobblestone streets and centuries-old brick buildings. However, the presence of the university injects a youthful energy that manifests in trendy boutiques, indie bookstores and a surprisingly strong arts scene. From live music festivals to theater performances, the town’s cultural calendar is perpetually filled, offering an intellectual and artistic smorgasbord for locals and visitors alike.

But Shepherdstown isn’t just for the intellectually curious or artistically inclined; it also serves up a treasure trove of outdoor adventures. Situated along the Potomac River, kayaking and fishing are practically local pastimes. For outdoorsy types, the C&O Canal National Historical Park provides ample hiking and biking trails to explore. With its low crime rate, strong sense of community and high standard of living, Shepherdstown checks all the boxes for anyone looking for a charming yet modern place to call home.

  • Population: 3,868
  • Average age: 48.6
  • Median household income: $37,875
  • Average commute time: 15.0 minutes
  • Walk score: 73
  • Studio average rent: $630
  • One-bedroom average rent: $900

If you’re a fan of the arts and outdoor beauty, Lewisburg secures its spot as one of the best places to live in West Virginia. This quaint town in the Greenbrier Valley isn’t just a postcard-perfect scene; it’s a thriving cultural hub with a robust calendar of events, ranging from live theater at the Greenbrier Valley Theatre to the annual Lewisburg Literary Festival. Once named the “Coolest Small Town in America”, it’s a place where artists find inspiration, bringing visitors from all over to experience its unique creative ambiance. The town also has excellent schools and healthcare services, making it an ideal place for families and retirees alike.

When the curtain falls and the paint dries, Lewisburg offers a wealth of outdoor adventures to keep you active. Whether you’re an angler tossing lines into the Greenbrier River or a hiker eager to explore the surrounding Appalachian Mountains, there’s something for everyone. With an inviting mix of culture, convenience and the great outdoors, Lewisburg proves you can have sophistication and nature all in one stellar package.

  • Population: 18,835
  • Average age: 38.5
  • Median household income: $45,901
  • Average commute time: 28.8 minutes
  • Walk score: 45
  • Studio average rent: $775
  • One-bedroom average rent: $682
  • Two-bedroom average rent: $1,877

Martinsburg holds its own as one of the best places to live in West Virginia, particularly for those seeking a blend of small-town charm and big-city amenities. Conveniently located along the MARC commuter rail line, it offers easy access to Washington, D.C., making it a perfect base for professionals craving a peaceful retreat without losing the pulse of the city. Job prospects are abundant in healthcare and manufacturing, but the commuting option opens the doors to countless additional opportunities in the nation’s capital.

The nearby Shenandoah and Potomac Rivers are a paradise for fishing, kayaking or lazy scenic floats. For land-based fun, hiking trails offer miles of woodland exploration. Families enjoy quality time at the local parks, where weekend soccer games and barbecues are common scenes. Shopping centers and farmers markets offer everything from fresh produce to artisanal crafts, making errands more of a pleasure than a chore in the Eastern Panhandle of West Virginia.

  • Population: 29,403
  • Average age: 41.8
  • Median household income: $38,960
  • Average commute time: 20.5 minutes
  • Walk score: 46
  • Studio average rent: $625
  • One-bedroom average rent: $700
  • Two-bedroom average rent: $780

Straddling the banks of the Ohio River, Parkersburg defies expectations and proudly stands as one of the best places to live in West Virginia. This city refuses to be boxed into stereotypes, offering a captivating blend of industrial ingenuity and natural beauty. Parkersburg serves as a regional center for the petrochemical industry, providing robust job opportunities, while also boasting an array of museums, historical landmarks and even a wildlife refuge for bald eagles. You get the sense that this city is all about balance, serving as a stable foundation for working professionals, families and everyone in between.

The Ohio River supports boating and fishing, while Parkersburg City Park has a zoo, skate park and swimming pool to keep the entire family entertained. For the culturally inclined, the Smoot Theatre showcases local talent and brings in performances that you’d typically expect in much larger cities.

Downtown features an intriguing mix of antique stores, specialty shops and restaurants that offer everything from farm-fresh West Virginia produce to international delicacies. With low housing costs, excellent schools and a quality healthcare system, Parkersburg presents a compelling argument for anyone seeking an enriched life without the big-city chaos.

There’s a West Virginia apartment waiting for you

As we’ve seen, there’s a wealth of options when it comes to the best places to live in West Virginia. Each town and city offers a unique set of advantages, whether it’s the career opportunities in bustling economic hubs, the familial warmth in close-knit communities or the serene natural landscapes that offer a break from the frenetic pace of modern life.

West Virginia proves that the quest for a balanced life doesn’t require a compromise between economic stability and a high quality of life. The state serves as a microcosm of what’s possible when communities invest in education, infrastructure and cultural enrichment, making any of these towns not just a place to live, but a place to thrive.

Source: rent.com

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In the dynamic landscape of the New Jersey real estate market, where rich historical heritage from colonial roots to contemporary designs, makes each property a compelling narrative. A home inspection in the great state of New Jersey is a journey through the layers of time and innovation that define a property’s character, revealing its captivating charm and possible underlying problems. On the flip side, sellers can leverage this process to transparently present their property’s value and proactively address any homebuyer concerns.

So, whether you’re buying a home in Hoboken or gearing up to sell a property in Jersey City, this Redfin article offers comprehensive insights and guidance to help you navigate the unique home inspection landscape in New Jersey. 

Why should you get a home inspection in New Jersey?

“New Jersey homebuyers should never skip the stucco inspection,” says Stucco Safe. “Problems with stucco systems that leak to the structure are incredibly common in New Jersey due to the extremes in temperature. Repairs for these problems can easily exceed $100,000. When making your offer, always include ‘invasive stucco inspection’ in your inspection requests. You won’t regret it.”

“Homebuyers in New Jersey should get a home inspection so that they know the true condition of the home and that there are no hidden issues when they take ownership,” recommends Cooper Inspection Services. “Along with the home inspection, New Jersey buyers should also get a WDI (wood destroying insect) inspection, Radon Test, and depending on the age of the house, they should also do a tank sweep to make sure there are no underground oil storage tanks.”

Are there any specialized inspections that New Jersey buyers should consider?

“One common issue we hear from clients is the difficulty of finding a licensed structural engineer, often resulting in delays with property transactions,” says Kiro Engineering. These types of inspection help to better understand the overall “structural integrity of residential and commercial properties” by conducting “thorough evaluations and considers various factors when assessing the need for repairs.”

“When selecting a home inspector, I would recommend an inspector that has a Home Inspectors License and has been inspecting homes for at least 10 years,” suggests Eagle Eye Home Inspectors. “The home inspection includes a Structural and Mechanical inspection. Some additional tests you might want to consider are:

  1. Termite Inspections
  2. Radon Testing
  3. Swimming Pool Inspections
  4. Sewer Line Inspections: using a camera to inspect the underground sewer line
  5. Level 2 Chimney Inspections: this is an in-depth inspection of the chimney, including using a camera to inspect the internal liner
  6. Mold/Air Quality Tests

For older homes, an Oil Tank Sweep (used to find underground oil tanks) may be needed.”

Are home inspections required in New Jersey?

“First, Home Inspections are not required in New Jersey,” notes Four Dogs Inspections. “My buyers tip would be to always get a tank sweep if buying an older home and always have a sewer scope done when purchasing a home with city sewers.” 

How much does a home inspection cost in New Jersey?

“Home inspection costs can vary,” says Inspector Seltzer. “I recommend budgeting roughly two-thousand for an inspection. Including radon, termite, mold, oil tank sweep, sewer line scope, and a level two chimney inspection.”

“In fairness to all home inspection prices vary depending on the age, size, and complexity of the home,” shares Accurate Inspections, Inc. “A single price to inspect any home is either going to be unfair to the home buyer or the home inspector.  Two bathroom three bedroom 1,500 sq homes should pay less than home buyers of a home three times that size.”

Expert advice for New Jersey buyers before they get a home inspection

“My advice to a home buyer is to use the process of the home inspection to get to know their new home.  We take the time to help our clients not only be aware of any deficiencies in the home, but also to provide an overall education about the home itself,” suggests Michael Czar, from Safeway Home Inspections. 

Ask questions

“Do not be afraid to ask questions,” urges Spectora. “You should work with a home inspector that makes you feel comfortable asking questions. Whether you’re buying or you’re doing a checkup on your own home, it can be a little intimidating and people feel embarrassed asking questions they think are silly or unimportant. There’s no better time to ask those questions. Not asking them is a missed opportunity.”

Don’t skip the inspection

“Due to the low inventory in the last few years, New Jersey saw housing demand skyrocket, with many homes selling above their asking price. Consequently, buyers often waived their inspection contingencies,” says Liliana Militaru, Redfin’s Principal Lead Agent. “ However, it is a misconception that waiving the inspection contingency prohibits the buyer from performing an inspection. On the contrary, by waiving the inspection contingency, the buyer only forfeits the right to request repairs or credits for various defects the inspector may find. Therefore, my buyers will always schedule an inspection, even when buying land-only; we still conduct at least an oil tank search.”

Don’t forget the chimney

“For properties with chimneys, considering a specialized Thermocrete inspection can help ensure the safety and functionality of this critical feature,” suggests  Approved Chimney. “Thermocrete assessments can identify and address any chimney-related issues, such as cracks or deterioration, making them a valuable addition to the inspection process, especially in regions prone to harsh weather conditions.”

Hire a well-reviewed inspector that offers multiple services

A tip is to read the reviews of your home inspection company before hiring them. Home inspectors who truly take the time to invest in a full understanding of the home will have clients who are happy to share their experiences. It’s also helpful to utilize a company that does several services, including radon testing, oil tank sweeps, main waste line sewer scopes, and wood destroying insect inspections, in addition to the home inspection itself, to maximize your time and money as a client,” shares Safeway Home Inspections.

New Jersey home inspection: the bottom line

In New Jersey real estate, home inspections, though not required, are highly recommended. Whether it’s an old or new property you’re looking to buy or sell, it’s essential to have an inspector look beyond the surface of the home. For both buyers and sellers, a home inspection ensures smart decisions and a smooth transaction.

Source: redfin.com

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Hedging, PPE, Fee Collection, QC Products; Gov’t and Conforming News; Producer Inflation Alive and Well

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Hedging, PPE, Fee Collection, QC Products; Gov’t and Conforming News; Producer Inflation Alive and Well

By:
Rob Chrisman

Thu, Sep 14 2023, 11:15 AM

This morning I head from Chicago to Orlando along with 74 million others (yearly). More fun with numbers: Although the MBA thinks we’ll fund about $1.7 trillion in 2023, weekly applications continue to reflect a declining market so let’s use $1.5 trillion to make the numbers easier. That averages out to $6 billion per business day of production. The Fed is looking to offload $13 billion in MBS from bank seizures. To keep things in perspective, that is only two days’ worth of production, certainly not enough to “swamp the boat.” Perspective is good, and here’s another example. Higher and volatile interest rates, uncertainty about property values, and stresses in some property markets have increased pressure on some loans and properties. Accordingly, MBA reported that commercial and multifamily mortgage delinquencies increased in the second quarter of 2023. Even with the uptick in delinquency rates, they remain at the lower end of historical ranges. Loans backed by properties (and property types) with stable cash flows, are faring better than those that may have seen declines in incomes. (Today’s podcast can be found here and this week’s is sponsored by SimpleNexus, an nCino Company, and award-winning developer of mortgage technology for modern lenders. Hear an interview with C2 Financial and Revest Homes’ Jim Black on how originators can win business in a tough rate environment.)

Lender and Broker Software, Products, and Services

Amidst changing QC requirements and increasing repurchase risk, lenders must invest in automation to drive efficiency and protect profits. The industry needs to shift its focus from crisis management to prevention with proactive QC. Not only does this approach set lenders up for success regardless of the origination environment, but it’s also a regulatory imperative now that Fannie Mae requires lenders to conduct pre-funding QC on a minimum of 10% of their production. ACES Quality Management empowers mortgage lenders and servicers to take control of their operations and embrace proactive QC. ACES seamlessly combines cutting-edge technology with comprehensive data analysis, giving mortgage professionals the tools they need to identify, anticipate and rectify potential issues in near real time. Learn why financial institutions and third-party providers rely on ACES.

“Looking for a full-service depository bank that will help you achieve your long-term growth plans? NexBank has been a dependable lender to our clients through all business cycles. We’ve been in the wholesale, correspondent, and warehouse lending business since 2008 and don’t compete with our clients for retail originations or refinancing business. Our long-tenured account executives, with an average of 24 years of industry experience, know our business well and are dedicated to helping you grow yours. This month, we celebrate the 15th anniversary of three professionals who have contributed to the success of our clients and NexBank. Lance Hackney with $4 billion closed volume; Brandi Horton with $4.5 billion closed volume; and Steve Smith with $5 billion closed volume. We support all channels: Wholesale, Non-Delegated & Delegated Correspondent with Portfolio, Conventional, FHA, and VA products, and offer Delegated & Emerging Banker Warehouse Lending and Escrow Deposit Management. Email Jon Hodge to reach an AE. Member FDIC. Equal Housing Lender. NMLS 672886.”

If you’re using Encompass® by ICE Mortgage Technology™ and you’re not using Fee Chaser to collect your upfront fees you it’s time to get your act together. Fee Chaser enables your borrowers to pay their upfront fees right from a text message. No more missed appraisal fees, no more paper checks, no more credit card numbers floating around on printed forms. Check out Fee Chaser here and they’ll text a demo right to your phone.

“Optimal Blue’s market-leading product, pricing and eligibility (PPE) engine has been the industry’s preferred choice for years because of our ability to serve our clients’ needs. With Optimal Blue’s open-API platform, our clients can access and use all of the functionality that exists in the Optimal Blue PPE via APIs, including creating customized rate quoting tools, fully automating lock events, and ensuring LOs have on-demand access to product and pricing where and when they need it. Reach out to Optimal Blue today to learn more about our open-API platform and how you can use it to unlock hidden efficiencies and improve your business!”

Government and Other Conforming Program News

Plaza Home Mortgage® reminded brokers of the ins and outs of getting government deals done. Here are five really great reasons to look to Plaza first for your government loans:

Manual underwriting may be an option for loans that do not get an approval through AUS-Total Scorecard (manual underwriting requirements apply). FHA and VA FICOs down to 550. USDA FICOs down to 600. Cash-out allowed on FHA and VA. Experienced Underwriting team that is willing to go the extra mile for your borrower.

Effective August 25th, the Attorney Authorization Approval (AAA) Matrix is available within Property 360™ on both the Claims and Excess Fees landing pages. The matrix remains accessible on the Excess Attorney Fee – Cost Guidelines webpage in the Single-Family portal.

Federal Housing Agencies issued a reminder for mortgage assistance for those impacted by the Maui Wildfires. In a joint statement, the Federal Housing pledged their offices’ ongoing support for Hawaiian residents affected by the devastating wildfires on the Hawaiian island of Maui.

Hurricane season has begun, MBAF provided a reminder of MBA’s Disaster Recovery Resource Guide. This guide outlines what to do before and after a natural disaster, along with how to start, and then, work through the recovery process. Additionally, another resource available is Hurricane Help FAQs.

Fifth Third Correspondent Lending Communiqué 2023-6-9.1.23 has the following topics:

Final Document Reminder, as a reminder, Fifth Third expects Final Title Policies and Recorded Mortgages to be delivered within 90 days of the loan purchase date. Excessively aged documents will be assessed a fee per section 1.07 of the Correspondent Seller Guide.

Maximize Cash Out with Loan Stream Mortgage Non-QM Closed End Seconds. Program highlights include clients can Access Equity with our Non-QM CES Cash Out Refi: 90% CLTV Full Doc, 85% CLTV Bank Statements, 80% CLTV Investment Properties and 75% CLTV DSCR. Also available on Purchase, Rate/Term Refinance & Cash Out.

Chaos has a way of bringing on unexpected opportunities. Plaza Home Mortgage®. Co-President and COO, Michael Fontaine, shares with National Mortgage News how Plaza navigates in the evolving wholesale landscape. From diverse strategies to tapping into improved technology plus Plaza’s training offerings to help amplify broker clients’ strengths, take a look.

Plaza Home Mortgage® Jumbo opportunities keep getting better, now offering 2-1 and 1-0 Temporary Buydowns on its new Jumbo Elite loan program. Get in touch with your Account Executive for the qualifying details. Explore the complete range of Jumbo solutions Plaza offers for your borrowers.

Capital Markets

Why do those in the mortgage space watch the 10-year U.S. Treasury note? Historically, the 10-year U.S. Treasury yield has been considered a key benchmark for mortgage rates. Mortgage rates, however, are not actually based on the 10-year U.S. Treasury note (as is commonly believed). MCT released a blog, “How the 10-Year U.S. Treasury Note Impacts Mortgage Rates” that serves as an excellent primer for how mortgage interest rates respond to moves of the benchmark U.S. Treasury note. The piece discusses why mortgage rates and Treasury yields move together and how bonds are influenced by Treasury yields. With a trusted capital markets partner like MCT, you can rest assured that you will be notified of how economic trends could have the potential to impact your business. Sign up for MCT’s newsletter to receive educational articles like this one and learn more about variables that impact mortgage rates.

In rate news, even though inflation in August showed a larger than expected increase in core CPI (actual 0.3 percent when it was expected at 0.2 percent), it showed ongoing improvement on a year-over-year basis, enough to prevent any significant change in Fed rate hike expectations. The implied likelihood of a rate hike in December sits around 46 percent.

Digging into the numbers, gasoline prices contributed to nearly half of the increase to the headline number, rising nearly 11 percent over the month, and that inevitably had some trickle-through impact on the core reading, as transportation services were driven higher by energy prices. The 3.7 percent year-over-year rate of CPI is still well above the Fed’s 2 percent target, reflecting stickiness that, while probably not compelling enough to the Fed to raise rates further at this point as the trend in inflation has downshifted since the spring, will certainly keep the Fed in a “higher for longer” mindset. Looking forward to the FOMC meeting next week, another pause in rate hikes is already baked in, so the importance is actually much more about rate decisions in November, December, and January.

Today’s economic calendar is under way with several releases. Events kicked off with the ECB releasing its latest monetary policy decision (+.25 percent, as expected, in an effort to continue to tame inflation) followed by ECB head Lagarde’s press conference. The U.S. calendar is also under way with retail sales (+.6 percent for August, much higher than expected), the Producer Price Index (+.7 percent, much stronger than expected, core +.3 percent), and weekly jobless claims (220k, 1.688 continuing). Later today brings July business inventories, Treasury announcing the sizes for next week’s reopened 20-year bonds and 10-year TIPS auctions, and Freddie Mac’s latest Primary Mortgage Markets Survey. We begin Thursday with Agency MBS prices worse a few 32nds from Wednesday evening, the 10-year yielding 4.27 after closing yesterday at 4.25 percent, and the 2-year at 5.02 after this slew of economic news.

Employment

“Foundation Mortgage is rapidly expanding after several record months and is looking for top tier experienced Non-QM account executives to join our team. We have a vast array of non-QM products to choose from and common-sense underwriting. We make exceptions that other lenders won’t. If you are looking to join an experienced team that knows how to get loans done contact Dean Ayres.”

On the heels of the successful acquisition of Platinum Home Mortgage Corp, Planet continues its appetite for retail acquisition by looking to consolidate several independent bankers into its organization. If your firm is seeking better economies of scale or a strategic exit, let’s talk. With our strong multichannel support, speedy turnarounds, dedicated recruitment, and customer retention, Planet will give you a remarkable edge. Please contact Lee Gross to find out what Planet could do for you. All inquiries will be held in strict confidence. Confidentiality will also be honored for single MLOs or smaller sales teams who contact VP of Talent Peter Briggs or 435-709-6287.

 Download our mobile app to get alerts for Rob Chrisman’s Commentary.

Source: mortgagenewsdaily.com

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Every product on this page was chosen by a Harper’s BAZAAR editor. We may earn commission on some of the items you choose to buy.

For Fashion Insiders

Ann Demeulemeester x Serax Set of Two High Plates

For Fashion Insiders

Ann Demeulemeester x Serax Set of Two High Plates

Fashion girlies know Ann Demeulemeester is one of the most important “if you know, you know” brands on the market. To convey that your loved one runs a haute couture home, invest in this must-have home collaboration with Serax.

For Outgoing Friends

Edie Parker Checkers in Rose Quartz

For Outgoing Friends

Edie Parker Checkers in Rose Quartz

A chess set on the coffee table? Classic. A rose quartz checkers set created by the one and only Edie Parker? Practically too cool to exist. Your loved one’s home decor should be a reflection of their personality, and this gift tells the world they’re confident and chic.

For Adult Homes

Schoolhouse Brass Coaster Set

For Adult Homes

Schoolhouse Brass Coaster Set

Don’t let houseguests leave water marks behind on your loved one’s beautiful wooden furniture. This set of brass coasters not only protects their peace of mind, but also looks avant-garde on any surface.

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For Gwyneth Paltrow Fans

Neon MFG LED Sign Handwritten by Gwyneth Paltrow

For Gwyneth Paltrow Fans

Neon MFG LED Sign Handwritten by Gwyneth Paltrow

We were all inspired by Gwyneth Paltrow fashion moments this year, and now we can be inspired by her words as well. The biggest Paltrow fans can own her handwriting in neon-sign form, alongside a beautiful message.

For Wine Lovers

Estelle Colored Glass Set of 6 Stem Wineglasses

For Wine Lovers

Estelle Colored Glass Set of 6 Stem Wineglasses

Do they prefer red or white? When wine is poured into these blue glasses, it could be anyone’s guess. These stem wineglasses are not only pretty to look at, but also affordable for a set of six.

For Edgy Homes

Dakota Fields Wood Chain-Link Decor Sculpture

For Edgy Homes

Dakota Fields Wood Chain-Link Decor Sculpture

What is the purpose of this wooden chain, you ask? The point is that it looks dramatic and edgy perched on top of your loved one’s fashion coffee-table books.

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For Fashion Historians

J.Crew Forty Years of American Style

Forty Years of American Style” data-href=”https://www.jcrew.com/pdp/BS816″ data-product-url=”https://www.jcrew.com/pdp/BS816″ data-affiliate=”true” data-affiliate-url=”https://www.dpbolvw.net/click-100543834-13270430?url=https%3A%2F%2Fwww.jcrew.com%2Fpdp%2FBS816&sid=har-xid-xid” data-affiliate-network=”"id":"79d4201c-d5fc-4f23-9e20-d70b270503b1","site_id":"229d0812-d901-44db-87b0-24674345b9e5","is_active":true,"details":"","metadata":"trackonomics":"merchant_id":"760779","merchant_name":"J.Crew US","network_name":"CJ","network_id":"2","product_id":"459","product_name":"Harper’s BAZAAR US","product_external_id":"459","product_url":null,"network":"id":"a332915a-6423-480f-9153-e3973f438607","name":"Trackonomics","is_active":true,"business_unit_id":"ad046b46-538b-42cb-aa54-c3d158875ed6","details":"","metadata":,"created_at":"2021-11-04T18:15:18.481570+00:00","last_updated_at":"2021-11-04T18:15:18.481594+00:00","product_metadata":"115eff3b-95a0-4668-832c-9d02ea92500d":"link":"https://www.dpbolvw.net/click-100543828-13270430?url=https%3A%2F%2Fwww.jcrew.com%2Fpdp%2FBS816&sid=subid","network_name":"cj","appended_link":"https://www.dpbolvw.net/click-100543828-13270430?url=https%3A%2F%2Fwww.jcrew.com%2Fpdp%2FBS816&sid=subid-xid-xid","last_updated_at":"2023-09-07 15:15:25.577758","229d0812-d901-44db-87b0-24674345b9e5":"link":"https://www.dpbolvw.net/click-100543834-13270430?url=https%3A%2F%2Fwww.jcrew.com%2Fpdp%2FBS816&sid=subid","network_name":"cj","appended_link":"https://www.dpbolvw.net/click-100543834-13270430?url=https%3A%2F%2Fwww.jcrew.com%2Fpdp%2FBS816&sid=subid-xid-xid","last_updated_at":"2023-09-08 13:45:33.699253"” data-vars-ga-call-to-action=”$125 at J Crew” data-vars-ga-media-role=”1″ data-vars-ga-media-type=”Slide” data-vars-ga-outbound-link=”https://www.jcrew.com/pdp/BS816″ data-vars-ga-product-brand=”J.Crew” data-vars-ga-product-id=”0d6cd9d8-e1e1-4159-b079-ff9e02a09972″ data-vars-ga-product-price=”$125.00″ data-vars-ga-product-retailer-id=”edeba6df-d70a-406e-909a-438f6780c1bf” data-vars-ga-product-sem3-brand=”J.Crew” data-vars-ga-link-treatment=”(not set) | (not set)” class=”product-image-link eyaokey0 en6kra60 css-xyxck0 e1c1bym14″>

For Fashion Historians

J.Crew Forty Years of American Style

Credit: J.Crew

Speaking of fashion coffee-table books, this tome from J.Crew and Assouline is a charming retrospective covering the apparel brand’s best campaigns and most recognizable designs.

For Incense Users

Aesop Bronze Incense Holder

For Incense Users

Aesop Bronze Incense Holder

No more balancing incense on top of a stack of plates and hoping for the best. This bronze incense holder is a sturdy piece that doubles as artwork whenever it’s not lit.

For Martini Fans

Maison Balzac Martini Cocktail Glass

For Martini Fans

Maison Balzac Martini Cocktail Glass

If your loved one is anything like me, feel free to fill this glass with a dirty vodka martini, or invite them to just look at it while sipping something sweeter.

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For Vintage Romantics

Anthropologie Gleaming Primrose Mirror

For Vintage Romantics

Anthropologie Gleaming Primrose Mirror

The molding on this floor mirror is enough to set the internet aflame. With a variety of sizes to choose from, your loved one’s outfit will look its best when it’s reflected back in this looking glass.

For Dramatic Homes

Diptyque Black Bronze Candle Holder for Classic Candles

For Dramatic Homes

Diptyque Black Bronze Candle Holder for Classic Candles

At first glance, this looks like a melted candle. But it’s actually a luxury bronze candleholder. Just place your loved one’s favorite classic Diptyque scent inside, and enjoy how gothic and cool this makes their home look.

For Summer Lovers

Jonathan Adler Sunbathing in Capri Photograph by Slim Aarons

Sunbathing in Capri Photograph by Slim Aarons” data-href=”https://jonathanadler.com/products/slim-aarons-sunbathing-in-capri-photograph?variant_id=41086708088866″ data-product-url=”https://jonathanadler.com/products/slim-aarons-sunbathing-in-capri-photograph?variant_id=41086708088866″ data-affiliate=”true” data-affiliate-url=”https://go.redirectingat.com/?id=74968X1525079&url=https%3A%2F%2Fjonathanadler.com%2Fproducts%2Fslim-aarons-sunbathing-in-capri-photograph%3Fvariant_id%3D41086708088866″ data-affiliate-network=”” data-vars-ga-call-to-action=”$1,595 at Jonathan Adler” data-vars-ga-media-role=”1″ data-vars-ga-media-type=”Slide” data-vars-ga-outbound-link=”https://jonathanadler.com/products/slim-aarons-sunbathing-in-capri-photograph?variant_id=41086708088866″ data-vars-ga-product-brand=”Jonathan Adler” data-vars-ga-product-id=”2df18697-98cc-4be5-b7f7-3cae95d51737″ data-vars-ga-product-price=”$1,595.00″ data-vars-ga-product-retailer-id=”e037f2e3-9f05-4bf4-9585-1bc046709e05″ data-vars-ga-product-sem3-brand=”Jonathan Adler” data-vars-ga-link-treatment=”(not set) | (not set)” class=”product-image-link eyaokey0 en6kra60 css-xyxck0 e1c1bym14″>

For Summer Lovers

Jonathan Adler Sunbathing in Capri Photograph by Slim Aarons

While they may not be sunbathing in Capri anytime soon, your loved one can manifest a future trip with this beautiful photograph, taken by Slim Aarons. Owning this piece of art will remind them to look forward to sunnier days.

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For Dinner Parties

Sur La Table Taper Candle Holder

For Dinner Parties

Sur La Table Taper Candle Holder

No dinner party is complete without long-tapered candles adorning the table. With these elegant pink holders, your loved one can upgrade an ordinary meal into something truly special.

For Low-Battery Friends

Courant The Catch 2 Wireless Charger

For Low-Battery Friends

Courant The Catch 2 Wireless Charger

That rat’s nest of cables hiding besides your loved one’s bed is doing nothing for the decor. Swap it out for this minimalist, modern-looking leather wireless charger. They simply place their iPhone on top of it when it’s time to recharge.

For Romantics

Venus et Fleur Ela Marble Vase

For Romantics

Venus et Fleur Ela Marble Vase

Not only will this marble vase stand the test of time, the included anthuriums won’t die, either. Created by Venus et Fleur, known for their eternity roses, this floral arrangement lasts for a year without water.

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For Whiskey Drinkers

The Food52 Vintage French-Cut Glass Whiskey Decanter

For Whiskey Drinkers

The Food52 Vintage French-Cut Glass Whiskey Decanter

Your loved one’s bottle of half-finished whiskey could use an upgrade. Whether they’re a bourbon drinker or simply love the look of these vintage decanters, glass bottles look beautiful on a bar cart or simply perched on a nearby table.

For Cat Moms

Tuft + Paw Stellar Cat Bed

For Cat Moms

Tuft + Paw Stellar Cat Bed

Finding luxury cat furniture that meshes with a home’s aesthetic is surprisingly difficult. Swap out a musty cat bed for this version, which both your loved one and their kitty will love.

For Flower Lovers

Seletti Love in Bloom Heart Vase

For Flower Lovers

Seletti Love in Bloom Heart Vase

If the way to your loved one’s heart is through flowers, they need this hyper-realistic vase in their life. Add stems through the “vessels” for a bold decor item. (Bonus points if they’re a cardiologist.)

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For Simple Improvements

Terrain River Stone Tray

For Simple Improvements

Terrain River Stone Tray

Rather than let them spill their purse’s contents onto an entryway table, give your loved one a decorative tray for their everyday lipstick and keys instead.

For Smokers

Houseplant Black Side Table Ashtray

For Smokers

Houseplant Black Side Table Ashtray

If there’s a smoker in your home, you know there’s nothing worse than watching the leavings pile up in your favorite mug. Give your loved one a designated zone with this ashtray coffee table created by Seth Rogen.

Fashion & Luxury Commerce Editor

Tatjana Freund is Hearst’s Fashion & Luxury Commerce Editor, covering beauty, fashion and more across multiple brands. Previously, she worked at ELLE.com and Marie Claire. She’s a fan of whiskey neat, podcasts that give her nightmares, and one time Zoë Kravitz laughed at a joke she made. 

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Source: harpersbazaar.com

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Retail giant Amazon announced on Wednesday the launch of a new pilot program designed to assist moderate-income families in three different U.S. communities with the purchase of up to 800 homes, in partnership with the National Housing Trust (NHT).

The initiative will include $40 million to assist residents in the Puget Sound, Washington, Arlington, Virginia, and Nashville, Tennessee communities, the company said. Amazon says the investment will “help moderate-income residents in these communities to purchase homes as a path to help build generational wealth.”

The nonprofit NHT will use the funds from Amazon’s program to acquire and build affordable homes for sale in partnership with a network of local organizations in across the three communities.

These include Habitat for Humanity Seattle-King & Kittitas Counties serving the Puget Sound region; the African Community Housing & Development (ACHD) and Homestead Community Land Trust both serving King County, Wash., the Douglass Community Land Trust in Washington, D.C. and The Housing Fund serving Nashville.

Additional partnerships through this program are possible in the future, the company said.

Amazon cites data from the National Association of Realtors (NAR) attributing affordability challenges to the “combination of rising interest rates and increasing home prices” in a majority of U.S. metropolitan areas.

“Amazon and NHT will invest in community land trusts, a model where the land itself will be owned and stewarded by nonprofits and community-based organizations, and where residents will own their physical homes,” the company said in its announcement. “Removing the cost of the land from the total cost of the home allows the price of homes to stay affordable, stabilizing families in their communities while combating gentrification.”

Last year, Amazon made a housing investment of $10.6 million into the Nashville area to build and renovate 130 affordable homes, bringing its then-total investment into that community to roughly $100 million.

Source: housingwire.com

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As an independent landlord, I’ve learned the ups and downs of landlording, and the tips and hacks I’ve discovered are musts for novice and seasoned landlords. The rental space is crowded, and it can be hard to compete with big corporate landlords. When I had my first rental at age 20, I was so excited to have my first tenant. However, first, to fill that vacancy, I needed to market my property and figure out the best channel for that marketing. That learning curve can be steep, and the ROI of your investment property depends on finding a great tenant as quickly as possible. I have some tried and true tips that will help you secure a great renter, and that starts with a solid online marketing strategy. 

Syndicating Property Listing – Post Once 

With the click of a button, your property listing can be posted on dozens of websites – this is marketing syndication. It saves a tremendous amount of time you would’ve spent individually making a listing on major sites. Save that time for flyers and yard signs, which are still viable and essential offline marketing tactics. We all know that time is of the essence as a landlord. Having your listing posted to Zillow, Rent.com, Apartments.com, and many more is truly the best way to acquire a higher number of leads, and having the ability for that to happen automatically is vital. 

Furthermore, it’s essential to recognize the advertising doesn’t have to stop at just these sites. Social media is another excellent way to market your property online. Facebook and Craigslist are great options to increase your marketing reach. Younger generations love the option of social media as they can quickly scroll through the listings on their phones, find, and apply to properties to rent all on their device.

Stand Out From the Big Guys

Now you know where and how to post, that is the easy part, the hard part is knowing what to post. One common question we get from our landlords is, “How do I write a great property description?” Your goal is to differentiate yourself not only from the big guys but from any other rentals in your area as well. That means your photos, description, amenities, and policies need to stand out. 

Photos

There is no doubt that your photos will be the first thing that your prospects check out. We live a superficial world, and this will be your properties first impression, so don’t ruin it with bad photos. There isn’t any excuse for bad photos. Smartphones take high-quality images, so often there isn’t a need for a professional photographer. Make sure you have good light, the rental is clean and mess-free. Aim to tell a visual story with your photos. If prospects like what they see, they will keep inquiring. 

Amenities and Policies

It may seem hard to compete with large apartment complexes when it comes to amenities. The key is to identify your unique amenities as an independent landlord and speak to those. Renting has become more of a long-term housing option for many generations, that means their needs and wants for housing have changed as well. Many will want pets, as an independent landlord, you can be more flexible with your policies and may be able to charge a premium.  

You may want to consider shorter or longer-term leases as well. Offering a month to month or short-term leases can be a great option to stand out, and again allow you to charge a premium. There is high demand for these types of rentals, and with a streamlined, online rental process, filing vacancies doesn’t have to be a time-consuming activity that cuts into your bottom line. 

It’s All About the Leads

Now, you have great photos, have nailed the amenities, and syndicated your property and it is posted on all the listing sites. What’s next? The leads should start pouring in. Here at TurboTenant, we see an average of 22 leads per property. Getting a significant amount of leads will enable you to choose from a large pool of tenants. While this might seem overwhelming, it will help you fill your vacancy faster. You can quickly eliminate tenants who have red flags after you screen them with a background check, credit, and eviction report – after that, you can find the one you want to fill your property through more soft data. For example, you could meet with them in-person to see if they would be a good fit for your property, look at their social media, or meet with them to get coffee. The best method for choosing a tenant is always a combination of quantitative and qualitative data, as well as abiding by the Federal Fair Housing Act. 

Becoming an independent landlord is a great investment strategy, and now is an incredibly opportune time to invest. With the right strategy and software, the path to a successful landlord can be smooth, seamless, and streamlined. 

Source: geekestateblog.com