ARMs Offer Largest Savings Since 2015

Appraisal Buzz

That’s the largest savings for adjustable-rate mortgage holders since at least 2015. Redfin’s analysis is based on estimated monthly mortgage payments on the median-asking-price … The post ARMs Offer Largest Savings Since 2015 appeared first on

2021 MMI Report: Reverse mortgage portfolio hits positive territory for first time since 2015

Housing Wire

The financial performance of the HECM portfolio has improved in each of the last three years and is now positive for the first time since FY 2015,” FHA’s Annual Report to Congress reads.


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How To Prepare For Your Orange County Home Appraisal

Sammco Real Estate Appraisal Group

Most people have a pretty good idea of what their home is worth. If they have lived in the area for a reasonable amount of time, they know what other homes have sold for that are similar to theirs. Everyone should have an appraisal performed at least every 2 years or so.

Thinking of hiring the cheapest appraiser?

Sammco Real Estate Appraisal Group

If you have never worked with an appraiser before, you probably wouldn’t realize that all appraisers are not created equal and can be very different depending on their experience, education, and knowledge of your market area. .

How to Hire the Best Orange County Home Appraiser

Sammco Real Estate Appraisal Group

So how do you find best Orange County Home Appraiser? You might be a home owner, a mortgage loan officer or even an appraisal management company. If you Google Orange County Home Appraiser and look at some of the listings, you’ll not find a lot of appraisers in Orange County, CA that do non-lender work. The majority of appraisers only do lender work and are not familiar with Bankruptcy , Divorce and Date of Death Appraisals. You may also find that almost every website looks the same.

What Are FHA Appraisers Looking For?

Sammco Real Estate Appraisal Group

If you have decided to apply for an FHA loan to purchase a home, or if you are attempting to sell your home to someone with FHA financing, there are some special appraisal facts of which you should be aware. FHA stands for Federal Housing Administration and is an agency of the federal government. Therefore, the same rules apply around the country for any home bought using an FHA insured loan.

Industrial Condominium Unit

Mores Appraisal Group

We recently appraised this industrial condominium unit located in San Jose, California for a private money lender. The 4,622 square foot building features a 16′ warehouse clear height, and one ground level loading door.

Warehouse Building

Mores Appraisal Group

We appraised this 15,716 square foot warehouse building on 1.08 acres, in Vallejo California for estate planning purposes. The concrete block building features a 16′ warehouse clear height, three ground level loading doors, and 30 on-site parking spaces.

Medical Office Building

Mores Appraisal Group

We appraised this Class B medical office building in Hemet California for pre-listing purposes. The building features include 16,782 square feet, plus a free-standing pad building used as a pharmacy. The buildings were constructed in 1962 and 1992. The site area is 1.23 acres.

Multi-Tenant Retail Center

Mores Appraisal Group

We appraised the partial ownership interest of a multi-tenant retail center with a fast-food pad restaurant located on Jarvis Avenue in Newark California for estate planning purposes.

Multi-Tenant Office Building

Mores Appraisal Group

We appraised the partial ownership interest of a multi-tenant office building on Hope Street in Mountain View for estate planning purposes. Building features include 15,200 square feet of gross building area situated on a 0.34 acre site, with limited on-site parking of 7 spaces.

Why Do Appraisers Take So Many Pictures?

Round Rock Appraisal

Is It Necessary For An Appraiser To Take So Many Photos Of Your Home? Some homeowners find it a little annoying and unsettling when appraisers seem to be spending so much time taking pictures of every single room in their home along with every nook and cranny.

Cash Buyer? You Still Need an Appraisal

Round Rock Appraisal

An appraisal of property serves the benefit of both the seller and the buyer. This not only makes sure the price listing for the property is fair but also to insure the buyer isn’t overpaying. Paying Too Much For Too Little.

What Makes Buyers Overpay for Homes?

Texas Home Appraisal Blog

In the world of real estate and buyers, there seems to be a little imbalance in what the actual value of a home might be and what a buyer might be willing to pay.

New Real Estate Laws

Mores Appraisal Group

Effective January 1, 2015. Fast forward to January 1, 2015 the amendments enacted by AB 1888 eliminated this practice. Transfer Tax Disclosure Requirement – AB 1888. A new California law now in effect requires the documentary transfer tax to be included on the face of the property deed.

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HUD Rescinds ‘Preserving Neighborhood and Community Choice’ Rule

Appraisal Buzz

Department Secretary Marcia Fudge says HUD will restore certain definitions and other selected parts from 2015’s Affirmatively Furthering Fair Housing rule, which the previous administration ended last year. .

CMI hits the $1bn mark

Mortgagebroker News

The company says it has surpassed the landmark in mortgages funded since 2015

How Does Profit Margin Compression Affect the Mortgage Industry?

Appraisal Buzz

Lender profit margin expectations have consistently fallen over the years since 2015. BLOG VIEW: Profit margin compression is currently one of the most significant factors impacting profitability and business efficiency for mortgage lenders.

More Young Workers Join the Construction Labor Force

Eyes on Housing

in 2015. The latest labor force statistics from the 2019 American Community Survey show that more young people are entering the construction trades. The share of workers under the age of 25 reached 10.8% in the construction industry in 2019, compared to only 9.7%

Ocwen Financial Chooses Sean O’Neil to Head Global Financial Efforts as CFO

Appraisal Buzz

He joins Ocwen from Bayview Asset Management LLC, where he served as the company’s CFO since 2015. Ocwen Financial Corp. , a non-bank mortgage servicer and originator, has appointed Sean O’Neil as executive vice president and CFO, effective June 13, 2022. O’Neil will be responsible for leading the company’s global finance organization.

Frank Nothaft, economist with “inimitable style,” has died

Housing Wire

Prior to joining CoreLogic in 2015, Nothaft had a nearly 30-year career at Freddie Mac, where he was most recently the chief economist. From 2010 to 2015, he was on the faculty at Georgetown University School of Continuing Studies , where he taught urban real estate economics.

Alterra Home Loans Promotes Marc Hernandez to President

Appraisal Buzz

Hernandez joined Alterra in 2015 when he established a branch in Chicago and ultimately grew a regional presence for the company. Alterra Home Loans LLC , an independent mortgage bank headquartered in Nevada, has promoted Marc Hernandez to president following his leadership and contributions as Alterra’s executive vice president of retail lending.

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CHLA and 41 IMBs urge the FHA to cut MI premiums

Housing Wire

The last premium reduction took place in 2015, when the Obama administration, buoyed by an improving economy, slashed the premiums from 1.35% to.85%.

PIMCO-backed FGMC lays off most staffers

Housing Wire

The investment management firm PIMCO bought a sizable stake in the mortgage lender in 2015 and initiated layoffs and management changes in 2018, another tough year for the mortgage industry.

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Fannie Mae finalizes first nonperforming loan sale of the year

Housing Wire

Fannie Mae has announced the winning bidder for the final mortgage pool that was part of its inaugural nonperforming loan sale of 2022 — and it’s nineteenth sale since the i na ugural offering in 2015.

LoanDepot says it’s going public (for real this time)

Housing Wire

After a dramatic false start in 2015, California-based lender loanDepot says it’s finally going public. The company, founded by billionaire entrepreneur Anthony Hsieh, said Wednesday morning that its newly formed affiliate loanDepot Inc.

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Ocwen agrees to pay $1.5M to settle class action

Housing Wire

The class action affects all customers in California whose cellular calls with Ocwen Loan Servicing, LLC were recorded in November 2015. Nonbank mortgage servicer Ocwen agreed to pay $1.5

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New Residential to internalize management, change name to Rithm Capital?

Housing Wire

New Residential entered into a management agreement with an affiliate of Fortress Investment Group in 2015, resulting in annual net operating expenses of $101 million for the company to be externally managed, subject to oversight by the board of directors. New Residential Investment Corp.

Legal 275

Narrow Gauge Capital acquires Inco-Check

Housing Wire

Boston, Massachusetts-based NGC, founded in 2015, is focused on making investments in health care services, financial services technology, distribution and logistics sectors.

CFPB continues to bring actions against mortgage companies targeting veterans with deceptive ads

Housing Wire

In the case of Service 1st Mortgage, the misleading mailers were sent out for a period beginning in 2015, and for Hypotec, beginning in 2016.

The housing industry’s disparate impact hopes

Housing Wire

The argument for the higher threshold for claims arose following a 2015 Supreme Court decision which upheld the disparate impact regulation.

Legal 307

FGMC owes Customers Bank $25M, bankruptcy filing shows

Housing Wire

Behemoth investment management firm PIMCO in 2015 purchased a stake in FMGC, according to a report by Inside Mortgage Finance at the time. First Guaranty Mortgage Corp.

Legal 293

LoanDepot could make public debut this year at up to $15B

Housing Wire

LoanDepot, backed by Parthenon Capital Partners, announced plans to go public in September 2015 , but canceled the IPO hours before pricing due to what the company called adverse “market conditions.” to integrate with Notarize

Housing Wire

million through nine funding rounds since its founding in May 2015. White-label software-as-a-service platform is integrating with national online notarization platform Notarize , according to an announcement made on Monday. Title and closing firms use

SoftPro announces Notarize integration

Housing Wire

million through nine funding rounds since its founding in May 2015. Title and closing software provider SoftPro announced that it has released a new integration for online notarization through digital and remote online notarization provider Notarize on Thursday.

Corelogic Take on Appraisal Overvaluation

Appraisers Blog

Nonetheless, our study of appraisals completed in 2015 and 2016 find that appraisal bias still occurred. The results of this 2021 white paper: Appraisal overvaluation: Evidence of price adjustment bias in sales Comparisons co-authored by Frank Nothaft are pretty interesting.

Fannie Mae changes homeowner education requirements

Housing Wire

Since 2015, Fannie Mae has required borrowers to complete the course through Framework Homeownership , which started in 2012 as a partnership between Housing Partnership Network and Minnesota Homeownership Center.

CFPB vows to protect LGBTQ borrowers under ECOA

Housing Wire

” “This clarification knocks down barriers which have been in place for LGBTQ+ folks to obtain financing, and as a result, start building generational wealth for the families we’ve only legally been able to form since 2015,” Weyandt continued.

Fannie Mae picks winner of first nonperforming-loan sale of 2022

Housing Wire

The deal is the nineteenth sale of nonperforming loans since the inaugural sale in 2015. Fannie Mae has chosen the winning bidder for its inaugural nonperforming loan sale of 2022, a deal involving 3,223 loans with an unpaid principal balance of $477.2

The Atlanta Real Estate Market Explosion – 2012 to 2022

Hank Miller Team

Balance was in place from about mid 2012 through mid 2015; at that point the market slowly settled to slightly favor sellers. The glut of inventory was absorbed (investors were ravenous) and a nice, boring pattern ran from mid 2015 to early 2020.