Housing Wire

JULY 27, 2022

Trident, which ceased doing business in 2021, will have to contract with a lender to open offices in minority areas and conduct outreach. It must also contract with a lender to administer $18.4 The complaint alleged that 64 of Trident’s 68 loan officers in Philadelphia from 2015 to 2019 were white.

Loan Officers 397

Loan Officers Mortgage Law Contracts 397

Housing Wire

OCTOBER 26, 2022

Meanwhile, the seasonally adjusted purchase index declined 2% from a week earlier, hitting its slowest pace since 2015, and down 42% from this time last year. The refinance index was essentially unchanged, increasing marginally by 0.1% from the week prior, but was 86% lower than the same week one year ago.

Mortgage 339

Mortgage Retail Contracts 339

Housing Wire

NOVEMBER 9, 2022

The seasonally adjusted purchase index increased 1% from the prior week, the first rise after six weeks of declines, but remained close to 2015 lows, said the MBA. The survey, conducted weekly since 1990, covers 75% of all U.S. retail residential mortgage applications. The index dropped 41.4% compared to a year ago.

Mortgage 377

Mortgage Retail Contracts 377

Housing Wire

FEBRUARY 25, 2022

The Pontiac-based wholesale lender filed two lawsuits on Wednesday in Michigan federal court accusing broker partners of breach of contract for originating mortgages to its competitors. A warranty in the addendum said that if brokers submitted loans to Rocket or Fairway, it would constitute a breach of contract.

Contracts 370

Contracts Brokerage Investing Mortgage 370

Housing Wire

MARCH 10, 2023

Our previous best year for HELOCs was 2015, and that was about $320 million,” he added. ATTOM , a real estate data provider, reports, however, that the “severe contraction across the lending industry in the fourth quarter of 2022 even hit HELOCs” in terms of origination volume. Toohig said Raymond James finished the year with some $1.1

Housing Market 368

Housing Market Marketing Contracts Lending 368

Housing Wire

NOVEMBER 18, 2022

The most recent example of a decline in districts to ll resulted from the 2015-2016 merger of the Seattle and Des Moines institutions into a Des Moines District Bank. The 2015 amendment also specified that a FHLBank would have the same priority and rights as if the advance had been made to a federally insured credit union.

Legal 328

Legal Law Insurance Finance 328

GoForrmz

AUGUST 14, 2023

Originally published on 10/29/2015 Simplify the collection and completion of critical authorizations with Digital Signature and eSignature fields Whether it’s a handwritten or electronic signature , signatures are being captured every day across various industries.

Legal 128

Legal Contracts Law Inspection 128

Housing Wire

APRIL 7, 2023

compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. When this back and forth was unfolding, mortgage demand rose 2.9%

Retail 375

Retail Real Estate Clients Modernization 375

Housing Wire

OCTOBER 25, 2022

” With falling production, mortgage companies are slashing expenses, primarily through layoffs and vendor contracts. . “However, many local markets will see home-price declines, even if national price measures remain largely unchanged.” But at the end of the day, I hope for a short and shallow recession.

Mortgage 336

Mortgage Contracts Insurance Business 336

Housing Wire

MARCH 26, 2023

With this new variable, I am looking at the economic data differently to see whether we get the credit contraction the Fed wants to see to stop inflation, or if they have the tools to keep the banking crisis at bay so the economy can expand, making their fight against inflation harder.

Inventory 450

Inventory Housing Market Marketing Mortgage 450

Appraisal Today

APRIL 26, 2024

What should appraisers look for in a sales contract? the guidelines established by the GSEs emerged as the de facto standard, wielding significant influence over residential appraisal practices from 1980 to 2015, a sway that persists to this day. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.75

Appraisal 75

Appraisal Real Estate Real Estate Agent Contracts 75

Housing Wire

DECEMBER 16, 2021

The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels.

Mortgage 363

Mortgage Loan Officers Retail Training 363

Appraisal Today

DECEMBER 8, 2023

The process took several years of securing building permits, and the house was completed in 2015. That’s partly because sale-price data is a lagging indicator, reflecting deals that went under contract a month or two ago. Weekly housing-market data goes back through 2015. The four-bedroom, 4.5-bath percent from 7.37

Appraisal 66

Appraisal Real Estate Contracts Design 66

Appraisal Buzz

JUNE 7, 2021

In 2015, I designed the Market Machine, a technological tool used by appraisers and other valuation professionals. Additionally, client contracts often require that appraisal management companies ensure staff receive proper training on various topics.

Training 366

Training Reconsideration of Value Valuation Clients 366

Housing Wire

DECEMBER 20, 2021

In 2015, the family paid $250,000 for a 2,900-square-foot house in Ormond Beach, Florida. These contracts lack protections that accompany mortgages, such as forbearance plans and foreclosure procedures. “We But will end in December. And we found that 30 states had included at least one of those groups,” she said.

Mortgage 362

Mortgage Government Contracts Insurance 362

Housing Wire

JULY 12, 2022

The company, which employs about 17 people, was founded in 2015, and is one of those approved to provide the Freddie Mac data report for its new remote inspection program. The seller accepts it; they go into contract. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

Appraisal 410

Appraisal Inspection Real Estate Agent Training 410

Will Springer Realtor

APRIL 14, 2023

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

Contracts 36

Contracts Buyers Housing Market Design 36

Birmingham Appraisal

JULY 27, 2022

If they didn’t lose out on a contract for the home of their dreams they had to bid the price up way over the list price to even get the attention of sellers who have had an edge in the market since interest rates dropped after the COVID pandemic. Alabaster, AL 1st quarter home sales: 2014 vs. 2015.

Buyers 87

Buyers Inventory Sellers Appraisal 87

Houston Properties

JANUARY 13, 2021

In this analysis, we also show you current data along with key lessons from both the 2015 oil price crash and the 2008 great recession. Properties are still going under contract. The Houston Properties Team ran a study of past shocks (Hurricane Harvey, 2008 Crash, 2015 Oil Crash) and how it reshaped the market.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Appraisal Today

APRIL 21, 2023

Among the DOJ’s findings, from 2015 to 2021, all but one of the 101 mortgage lenders PNB employed in the lending area were white. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.43 The average contract interest rate for 5/1 ARMs increased to 5.56

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

Appraisal Today

JUNE 10, 2022

At this point, we’d have to go back to the purchase market doldrums of 2010-2015 to find anything lower (with a few exceptions). The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.40 The average contract interest rate for 5/1 ARMs increased to 4.51

Appraisal 52

Appraisal Contracts Business Mortgage 52

AmeriMac

DECEMBER 15, 2021

Experts looked at more than 8,500 houses that Fannie Mae had foreclosed upon between 2012 and 2015. The first appraisal was conducted immediately after Fannie Mae took over ownership of the property, and the second appraisal was done after another buyer went under contract for the home.

Real Estate 36

Real Estate Appraisal Market Value Contracts 36

AmeriMac

DECEMBER 15, 2021

Experts looked at more than 8,500 houses that Fannie Mae had foreclosed upon between 2012 and 2015. The first appraisal was conducted immediately after Fannie Mae took over ownership of the property, and the second appraisal was done after another buyer went under contract for the home.

Real Estate 36

Real Estate Appraisal Market Value Contracts 36

Appraisal Today

JUNE 9, 2023

To read more and see lots of photos, click here == Freddie Monthly Appraiser Capacity Update May 2023 UCDP Appraisal Volume 2015-2023 GSE Appraisals per Appraiser – State View Link to pdf (easier to read images): click here My comments: I will be including these graphs when they are published! == HOW TO USE THE NUMBERS BELOW.

Appraisal 52

Appraisal Advertising Real Estate Contracts 52

Housing Wire

FEBRUARY 24, 2024

17-24), Inventory fell from 437,282 to 430,395 The recent inventory bottom was in 2022 at 240,194 The inventory peak for 2023 was 569,898 For context, active listings for this week in 2015 were 958,304 New listings data New listings data is growing year over year and increasing week to week, but I wish we were seeing more significant growth.

Mortgage 481

Mortgage Inventory New Listings Housing Market 481

Housing Wire

OCTOBER 4, 2023

Business Dynamic Statistics data reveal that 2021 was a year of major growth for homebuilders but steep contraction for landlords (called “lessors” in the BDS). Firms, similarly, broke records from 2015-2021 and reached more than 75,000 in 2021. It was also a year in which many agents and brokers started new firms.

Landlords 398

Landlords Agents Brokerage Supply Chain 398

Appraisal Today

OCTOBER 28, 2022

Refinance applications were essentially unchanged, but purchase applications declined 2 percent to the slowest pace since 2015 – over 40 percent behind last year’s pace. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 7.16 percent from 6.94

Appraisal 52

Appraisal Contracts Mortgage Valuation 52

Zillow

MARCH 13, 2018

You have to be very specific about what you want done, and spell it out in the contract - right down to the materials you’d like used. Factor in 10 to 20 percent (or more) of your contracted budget for unforeseen expenses, as they can - and do - occur. Originally published June 2015.

Renovations 50

Renovations Contracts Modernization Investing 50

Appraisal Today

DECEMBER 2, 2022

In a July 9, 2015, Concept Paper – Alternate Track to the Experience Requirements in the Real Property Appraiser Qualification Criteria, the AQB asked: “Are there practical alternatives for some (or all) of the appraisal experience requirements to include non-appraisal experience?”. The USDA share of total applications decreased to 0.5

Appraisal 79

Appraisal Agents Real Estate Real Estate Agent 79

Birmingham Appraisal

JUNE 28, 2022

My best advice is to price to the current market and not to what was happening 3 months ago because if you do the appraisal may come out lower than the contract price which was arrived at using old sales data. Related posts: Hillsboro Subdivision, Helena, AL-Home Sales, March 2014-2015. The post Is The Real Estate Market Shifting?

Real Estate 52

Real Estate Marketing Inventory Sellers 52

Appraisal Buzz

OCTOBER 4, 2021

Freddie Mac (OTCQB: FMCC) today released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households, resulting in an appraisal gap. MCLEAN, Va. for those in White tracts, leading to a gap of 5.2%.

Valuation 370

Valuation Appraisal Contracts Finance 370

Housing Wire

APRIL 13, 2024

We saw an excellent rebound in our pending contracts data last week and the inventory growth data from week to week. I am a big fan of the inventory growing year over year based on new listing data, and this is a big plus for the housing market. Here is the price-cut percentage for last week over the last several years: 2024: 32.1%

Inventory 468

Inventory Mortgage New Listings Retail 468

Appraisal Today

NOVEMBER 10, 2022

Purchase applications increased for the first time after six weeks of declines but remained close to 2015 lows, as homebuyers remained sidelined by higher rates and ongoing economic uncertainty. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 7.14

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

Cleveland Appraisal Blog

MAY 18, 2023

In April, we saw the lowest number of monthly single-family home sales in Cuyahoga County since 2015. (I And I found sales that supported the contract price that had sold within the past month. However, being afraid to find another home to buy is a real concern! Let’s take a look at what’s going on in Cuyahoga County.

Inventory 333

Inventory Real Estate Agent Appraisal Real Estate 333

Appraisal Today

SEPTEMBER 8, 2023

Still on the market for the same amount in 2015, the eye-popping property ranked as one of the most viewed homes on Realtor.com®. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.21 The average contract interest rate for 5/1 ARMs decreased to 6.33

Appraisal 79

Appraisal Contracts Business Construction 79

Housing Wire

JUNE 28, 2021

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It AMCs business model is to snare contracts from mortgage lenders, and serve as their appraiser middleman. The church never quite paid the bills, and DeZarn needed a flexible second job. It fit well.

Appraisal 409

Appraisal Valuation Business Contracts 409

Housing Wire

AUGUST 23, 2022

We had missed sales estimates in 2013, 2014 and 2015. The housing construction cycle is over, but the builders will finish their homes under contract and hope rates will fall soon to lock up buyers. After the peak in 2005, new home sales fell by 82% from peak to bottom and then had the weakest housing recovery in the next expansion.

Construction 370

Construction Housing Market Sellers Marketing 370