Trending Articles

Pushing Mortgage Underwriting Further Into the Digital Age

Appraisal Buzz

Andy Sheehan of Finicity explains how Freddie Mac’s Loan Product Advisor acceptance of direct deposit data to assess income, payroll, and account transactions data for verification of employment can enable digitization through open banking.

Is housing inventory growth really slowing down?

Housing Wire

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. What does this mean?

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Advice for buyers & sellers in today’s housing market

Sacramento Appraisal Blog

The housing market has shifted, and today I have some practical advice for buyers and sellers. This is coming from hundreds of conversations every month as well as stats I’m pulling. Some new memes too. Enjoy if you wish.

Pros and Cons of Selling Your Home As-Is

Cleveland Appraisal Blog

Do you fix your home up or sell it as-is? That can be a tough question to answer. There are some things to consider before making this decision. This week I welcome back guest blogger Betty White who shares some pros and cons of selling a home in its as-is condition.

Can AI Save The AI? Part I

George Dell

AI is “Artificial Intelligence.” The AI is Appraisal Institute. Artificial intelligence is a part of data science. Appraisal comprises science and art. Let’s take a look at what the primal AI intended, and what happened. Which is which? Once upon a time, science and art aspired to be the same.

Habitat for Humanity and the VA Partner to Increase Veteran Homeownership

Appraisal Buzz

New partnership geared toward expanding homeownership opportunities among the nation’s veterans will partially subsidize homeownership expenses and cost-burdens for up to 10 or 15 years for qualified candidates.

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After $223M loss in Q2, loanDepot closes wholesale channel

Housing Wire

California-based mortgage lender loanDepot is shutting down its wholesale division amid plummeting origination volumes and widening financial losses in the second quarter.

Retail 396

Housing Affordability Falls to Lowest Level Since Great Recession

Eyes on Housing

Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022.

Why is Location so Important in Real Estate?

Raleigh Realty

Location in Real Estate Location, location, location. Here's what makes location such an important factor when it comes to buying a home. The three most important factors when buying a home are location, location, and location.

The Appraiser Diversity Initiative – What You Need to Know

Appraisal Buzz

Today’s Buzzcast interview is with Loren Cooke, President of Solidifi, and Scott Reuter, Chief Appraiser of Freddie Mac.

What is “Gross Living Area” For A Home (Not Finished Basements)

JMV Lending

When I was a kid growing up in Southwest Minnesota, everyone had basements. Basements initially served as “root cellars” to store potatoes and carrots all winter (which we actually did) and as protection from tornadoes (something we needed often on the prairie).

Mounting losses force loanDepot to amend loan agreements

Housing Wire

Mortgage lender loanDepot , based in Orange County, California, has more bad news tucked away in its latest quarterly earnings report filed with the U.S.

Has Inflation Peaked?

Eyes on Housing

Consumer prices eased slightly from a 40-year high in July as declines in energy prices offset increases in food and shelter indexes. Despite this improvement, inflation remains above an 8% rate for a fifth straight month.

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What is the Triangle in NC?

Raleigh Realty

What is the Triangle in North Carolina? One of the most common questions we receive is 'what is the Triangle in NC?' Below we answer that and a few more common questions: Click here to search for Triangle Real Estate.

Fannie Mae is Bullish on Appraiser Trainees

Appraisal Buzz

Appraisers who have had the opportunity to participate in an appraiser conference recently have probably noticed a recurring theme from Fannie Mae – the importance of supervisory appraisers training the next generation of appraisers. Why is this so important to us?

CUNA: Credit unions play key role in FHFA’s mission

Valuation Review

Credit unions are integral to achieving the Federal Housing Finance Agency’s (FHFA) mission and goals, according to a recent letter written by the Credit Union National Association to House Financial Services leadership

Homepoint takes $44M loss in Q2 amid price war

Housing Wire

Home Point Capital , the parent company of wholesale lender Homepoint , took a loss in the second quarter of 2022, even after reducing costs and selling mortgage servicing rights.

Credit for Builders Less Available, Costs More

Eyes on Housing

During the second quarter of 2022, credit became both tighter and more costly on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing.

Over 50% of Americans Irked by Neighbors

Empire Appraisal Group

Over 50% of Americans Irked by Neighbors. Source: Over 50% of Americans Irked by Neighbors | Florida Realtors. Survey: 1 in 3 (35%) is annoyed once per month, and 53% get bothered at least multiple times each year. Top complaint? Noise from dogs, babies, TVs, etc.

CFPB Puts Focus on Financial Companies’ Data Handling

Appraisal Buzz

The Consumer Financial Protection Bureau (CFPB) confirmed in a circular published today that financial companies may violate federal consumer financial protection law when they fail to safeguard consumer data.

Law 195

Desktop appraisals, PAREA: Where are we in 2022?

Valuation Review

Desktop appraisal technology promises to enhance the appraisal profession by assisting both lenders and appraisers. Confidence regarding this technology, both from appraisers and homeowners, however, remains a concern. Read on for more information and learn how you can download this special report

Purchase mortgage rates are back above 5%

Housing Wire

Purchase mortgage rates continue their roller coaster ride – they moved above 5% this week, according to the latest purchase mortgage survey from Freddie Mac. The 30-year fixed-rate mortgage increased this week to average 5.22%, up from last week’s 4.99%.

Decline in Single-Family Permits in June 2022

Eyes on Housing

Over the first six months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 567,798. On a year-over-year (YoY) basis, this is a 3.6% decline over the June 2021 level of 589,146.

The Realtor’s Guide to Appraisals Part 8: Understanding ANSI for Realtors

Riverfront Appraisals

I can’t think of a more polarizing topic – one that has completely shaken up the appraisal industry since the first part of 2022 – than ANSI. In April, 2022, Fannie Mae announced that any home purchased by them will need to be measured using ANSI standards.

CFPB Circular Reveals Financial Companies May be Held Liable for Putting Customer Data at Risk

Appraisal Buzz

The Consumer Financial Protection Bureau (CFPB) confirmed in a circular published today that financial companies may violate federal consumer financial protection law when they fail to safeguard consumer data.

Law 195

A conversation with new ASA International President Richard Berkemeier

Valuation Review

Valuation Review recently sat down with the new ASA International President Richard Berkemeier. Earlier, we brought readers’ attention the initial announcement by ASA regarding this appointment, and now share more of what Berkemeier hopes to accomplish during his tenure.

Inflation falls in July, but housing prices keep rising

Housing Wire

After rising to its highest level in 40 years in June , inflation dropped slightly in July. Thanks to a decrease in the gasoline index the Consumer Price Index (CPI) remained unchanged from the month prior, after hitting a 1.3%

Single-Family Homes Started in 2021

Eyes on Housing

According to NAHB analysis of the Survey of Construction (SOC), new single-family starts expanded at a fast pace in 2021. Nationally, 1,133,145 new single-family units were started in 2021, 14% higher than the units started in 2020.

Do home appraisers use Zillow?

Realvals

Zillow, Realtor, Trulia, and Redfin are some websites that come to mind when buying or selling real estate. They provide public access to the data that once was only obtainable by licensed real estate professionals through the local multiple listing service (MLS).

Cenlar Appoints Four to Its Default Management Team

Appraisal Buzz

Mortgage loan subservicer adds veterans Adam Saab, Adam Wood, Jason Schmidt, and Jessica Sharp to bolster its default management operations. The post Cenlar Appoints Four to Its Default Management Team appeared first on DSNews.

Commercial firm CEO outlines new education program

Valuation Review

In January, BBG launched a new training program called BBG University that gives hundreds of young professionals an opportunity to receive the in-depth training needed to become successful commercial real estate appraisers.

This app lets homeowners generate floor plans of their homes for free

Housing Wire

In a recent survey by the National Association of Realtors , floor plans ranked as the third most desired listing feature for homebuyers, after photos and detailed listing information. But floor plans are a relative rarity on multiple listings services: only 10-15% home listings in the U.S.

June Job Openings and Monetary Policy Considerations

Eyes on Housing

The construction labor market is cooling off as economic activity slows in response to tighter monetary policy per the latest job openings data.

Are We Heading Towards a Housing Bubble?

McKissock

The early 2000s housing crisis left many Americans financially devastated after losing their real estate investments and homes.