Housing Wire

SEPTEMBER 22, 2023

However, a silver lining in the subdued housing market is the strength in new-home sales. Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. What are the reasons for that? Duncan: There are several reasons for that.

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Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. Last year, I appraised a home for a homeowner.

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Housing Wire

MARCH 8, 2021

HousingWire sat down with Renata Sheyner, vice president of product at CreditXpert, to learn more about key technologies that lenders need to give more attention to. Individual loan officers became the heroes for their borrowers who were looking to refinance or purchase a home. This is where technology demonstrates its value.

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Housing Wire

FEBRUARY 14, 2023

The role of servicing in a changing mortgage market During the last decade, the historically low interest rates encouraged frequent refinances and were one of the primary reasons for loan runoff in servicing portfolios. Originators are using them to help lower-income borrowers get into homes. According to J.D. Power’s 2022 U.S.

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Housing Wire

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. Diagnosing low H4P uptake. of all endorsements in 2021. Harlan Accola. And so, they know the local real estate agents.

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Housing Wire

JANUARY 12, 2022

To learn more about the intention behind the rebrand and Pennymac TPO’s plans for the future, HousingWire sat down with Senior Managing Director Kim Nichols to learn more. In recognition of the transitions ahead, Pennymac is making changes to ensure that 2022 forms the foundation for long-term value for its wholesale partners.

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Housing Wire

DECEMBER 29, 2021

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. For this reason, John Campbell, a title insurance industry analyst at investment bank Stephens Inc.,

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Assurance Financial

APRIL 18, 2022

One of the first things you learn when you’re in the market for a new home is that no house is perfect. There will be things you like and dislike about every home you see. After your purchase, you can renovate the property to make it suit your tastes and fit your needs. Why Remodel Your Home?

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Assurance Financial

MAY 10, 2022

Every year, your family enjoys a getaway in the mountains, at the beach or in a cabin in the woods. If you already have a primary residence, purchasing a second home can be an excellent investment. The process of buying a vacation home has some things in common with buying your first house. Why Buy a Vacation Home?

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Appraisal Buzz

OCTOBER 25, 2021

This is important for multiple reasons. We learned a lot during this pandemic because we had to improvise, but now that we can look back at the data, we can see how successful it was. We learned a lot during this pandemic because we had to improvise, but now that we can look back at the data, we can see how successful it was.

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Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? The process of buying a new home may sound intimidating. Let's dive into all of the home buying resources you have when working for the government Our real estate company is based in the state capital of North Carolina, Raleigh.

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Assurance Financial

MARCH 2, 2021

If you’ve had your existing home loan and mortgage for a little while, it’s only natural to wonder if you could get a better deal. The guide below will lay out some of the pros and cons to help you make sure you’re refinancing your home for the right reasons. Should You Refinance Your Home?

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Appraisal Today

JANUARY 5, 2024

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. Dazzle your friends with your knowledge of external obsolescence. Excerpts: 4 Bedrooms, 4.5

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Housing Wire

FEBRUARY 21, 2023

Learn quickly. C-Suite changes News of Farner’s resignation came as a surprise to analysts and investors, and for good reason. Jay Farner likes to tell a story about his early days at Rock Financial , which would become Quicken Loans and eventually Rocket Mortgage. That was new back then. I probably bought maybe 500 or 600.

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PennyMac

FEBRUARY 12, 2021

Like many American homeowners, your first mortgage may have been a loan with the Federal Housing Administration (FHA). In such cases, you may want to consider refinancing your FHA loan into a conventional mortgage. Can You Refinance an FHA Loan? We can structure the PMI into your interest rate to lower your monthly payment.

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Appraisal Today

MARCH 15, 2024

In this guide, we’ll explore what defines a rural property, the challenges appraisers face, reasons for conducting rural appraisals, strategies for finding comparables, and tips for writing a compliant appraisal report. You can expand your area to include rural appraisals to get more business. Another reason for upgrading!

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Appraisal Today

AUGUST 18, 2023

Dragon Anywhere Dragon Anywhere is a dictation and speech-to-text app that allows you to create, edit, and share documents from your mobile device. Genius Scan makes it easy to scan, upload, and share documents using your mobile devices. This app could be a lifesaver for your workfile creation.

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Assurance Financial

DECEMBER 20, 2021

There are many factors to consider when selling a home, and you may be wondering what happens to your mortgage when you move. After all, the 2018 American Community Survey found that the median length of time homeowners stayed in their homes was 13 years, a shorter length of time than most mortgage terms.

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Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. There are few comps as almost all homes are fixed up for sale. 9 Spectacular Homes That Let You Enjoy Life Right on the Water Photo above shows a home overlooking the renowned Hawaiian surf break called Acid Drops.

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PennyMac

JULY 26, 2023

Second mortgages can be a great way to use the equity in your home to free up cash for important needs. Generally, a second mortgage allows you to borrow against the equity in your home, and your home is used as collateral for the loan. There are numerous ways to use your second mortgage. “We

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Assurance Financial

JUNE 28, 2021

When you’re shopping around for a mortgage, there are several choices you’ll make that affect the monthly payment on the loan and how much you end up paying to own your home. One decision to make is how long your mortgage will last. Each loan term has its benefits, depending on your financial situation.

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Appraisal Today

NOVEMBER 24, 2023

A time to finally work on and execute a plan for your business. During the refinance boom of the early 2020’s, the majority of appraisers did not have time to come up for air. During the refinance boom of the early 2020’s, the majority of appraisers did not have time to come up for air. A very good analogy to appraising.

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Assurance Financial

DECEMBER 20, 2021

If you’re wondering when you should downsize your home, understand that it may be a lengthy process. While everyone’s timeline looks different based on their situation, downsizing involves a multistep process: Downsizing your possessions. Preparing your home to sell. Selling your home.

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Assurance Financial

DECEMBER 27, 2021

Whether you’re a first-time homebuyer or a homeowner looking to refinance your mortgage, the financial logistics of homeownership may have you asking some big questions. Interest is the amount of money your lender charges you for using their services, calculated as a percentage of your loan amount. Credit Score.

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Assurance Financial

APRIL 29, 2021

If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Use the home loan glossary below to get familiar with terms and definitions that might be new to you. Amortization.

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PennyMac

APRIL 5, 2023

Buying a home is one of life’s most rewarding milestones. Let’s take a look at how a temporary mortgage buydown concession could reduce your interest rate and make your initial monthly payments more affordable. A mortgage point , also known as a mortgage discount point, equals 1% of your total loan amount.

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Appraisal Today

AUGUST 4, 2023

The End of Home Appraisals? As with all banned words, Freddie’s list will lead to the need to ban additional words over time as appraisers, expunging the word “desirable,” will find synonyms when analyzing market reaction to the views of two homes or to the cul-de-sac location of a home versus the midblock location of a comparable.

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Assurance Financial

OCTOBER 27, 2023

What Is a Home Equity Line of Credit? One significant advantage is that you can build equity as you pay off your mortgage over time. You can leverage home equity to access cash for major purchases, alternative debt repayment, retirement plans or home renovations. Homeownership comes with a wide range of benefits.

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Lamacchia Realty

OCTOBER 31, 2022

If rates decrease enough that it makes sense for the borrower to refinance, that money isn’t lost, the money is credited back to the borrower. If rates decrease enough that it makes sense for the borrower to refinance, that money isn’t lost, the money is credited back to the borrower. What is a buydown? See example above.

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McKissock

SEPTEMBER 7, 2021

It would also behoove prudent appraisers to periodically go online and read the mortgage and banking industry’s news updates for their current trend analyses, and also watch for mortgage activity switching from purchase mortgages to refinances. What will be the early signs? B) Days on Market for listings increase. 12 = $416,667.

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Appraisal Today

JULY 21, 2023

The value of a pool for Homes? Homes in different locations and price points tend to have different amenities, and that includes pools. More pools at higher prices Here’s a look at the percentage of homes sold with pools by price range in a few local counties. NOTE: Does your market look similar? And, it’s true.

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PennyMac

AUGUST 2, 2022

So you have your eye on a new home, but the loan you need to finance it would have to be larger than the conforming loan limit — what are your options? Learn more about jumbo mortgages and decide whether or not it’s the right type of loan for you. Talk with your lender for more specifics on negotiating your down payment.

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Appraisal Today

DECEMBER 2, 2022

NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. The National Association of REALTORS® believes there are alternatives to some of the experience requirements that the AQB should consider.

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PennyMac

JUNE 28, 2022

Home equity is one of the main benefits of owning a home. Renting puts money into a landlord’s pocket, but owning a home helps you increase the value of your investment over time. When you do build home equity, it opens up cash-out options that can be used for home improvements, paying off debt or other projects.

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Berkshire Hathaway

FEBRUARY 23, 2021

With home values forecasted to appreciate by about 5% this year it has some people concerned that we may be in another housing bubble and that that bubble is about to burst. Unlike what we experienced a little over a decade ago, there are multiple reasons why this market is completely different. months which is an historic low.

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Appraisal Today

JANUARY 27, 2023

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. 10 homes built between 1682 and 1780 The oldest home (Photo above) 1. 6 bedrooms, 4 baths, 4,321 square feet, 0.46acre lot The six-bedroom home boasts 4,321 square feet of updated space.

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Assurance Financial

SEPTEMBER 20, 2021

When it comes to financing a home or a build, several factors are involved in the type of loan you apply for. A down payment on a home is the money you give to the lender initially. How much you pay upfront when you purchase a home depends on several factors, and each homebuyer’s situation is likely to be different from the rest.

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