Housing Wire

JUNE 14, 2021

Mortgages in forbearance fell for the 15th consecutive week last week to 4.04% of servicers portfolio volume ? a 12 basis point decline , according to a survey from the Mortgage Bankers Association. As of June 6, the MBA now estimates 2 million borrowers are still in some form of forbearance. Last week witnessed a steeper drop than in previous weeks, likely the result of many borrowers reaching their 15-month expiration date, said Mike Fratantoni, MBA’s senior vice president and chief econ

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Appraisal Buzz

JUNE 14, 2021

Fannie and Freddie are slowly rolling back some of the COVID-era regulations that have facilitated getting appraisals done during the pandemic. Appraisers are starting to get one-off requests from Fannie and Freddie for more information and an interior inspection, even though the property already had a COVID-alternative accepted. This rush to return to the status quo has created buzz in the appraisal industry—a wish that Fannie and Freddie were talking to appraisers about how to make the apprais

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Housing Wire

JUNE 14, 2021

The recent action in the 10-year bond yield has puzzled many people, but it looks wonderful to me as it shows that the U.S. economy is leading the world out of the recession. When I wrote the America Is Back economic model on April 7, 2020, the bond market was already signaling that the economy and housing would be ok. In addition to the bond market yield action, responsible lending post-2010 gave me confidence that forbearance was not going to be the negative issue that many had hoped for.

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Appraisal Buzz

JUNE 14, 2021

Mortgage firms partner on furthering their commitment to delivering tech solutions to increase further adoption of eClosing in the industry. The post ICE Mortgage to Deploy DocMagic’s eVault Solution appeared first on theMReport.com. The post ICE Mortgage to Deploy DocMagic’s eVault Solution appeared first on Appraisal Buzz.

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Housing Wire

JUNE 14, 2021

This is Part I of a deep dive into the home appraisal industry, which has faced a growing number of claims of racial bias. Today we explore the origins of the appraisal industry and its current lack of diversity. In Part II, we will examine what hard evidence of bias exists, and the assumptions behind home appraising. Pat Turner’s mother was a child welfare worker in Suffolk, Virginia, during the Jim Crow era, who helped children of all races.

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Appraisal Real Estate Legal Valuation 458

Appraisal Buzz

JUNE 14, 2021

titlegenius is the latest in a series of digital products the company is engineering to help solve existing and anticipated customer and agent challenges, Radian reports. The post Radian Announces Launch of ‘Genius’ Product Suite appeared first on DSNews. The post Radian Announces Launch of ‘Genius’ Product Suite appeared first on Appraisal Buzz.

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Appraisal Buzz

JUNE 14, 2021

Black Knight Inc. new Originations Market Monitor report, which looks at origination data through May 2021, shows that overall rate locks were down 4.7% from April, with a more pronounced 8.2% decline in rate/term refinance locks. The refinance share of the market mix dropped again in May, accounting for just 44% of the month’s origination activity.

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Housing Wire

JUNE 14, 2021

ICE Mortgage Technology will now deploy an “eVault” solution as part of its mortgage closing platform to ensure the secure storage of digital mortgages and notes, it announced late last week. Digital mortgage platform DocMagic Inc. is providing the eVault technology which will be integrated into Encompass eClose, ICE’s closing platform, the company said in a release.

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Appraisal Buzz

JUNE 14, 2021

Despite still being up 29% year-over-year from 2020, pending home sales are tailing off as a new report examines this downturn. The post Pending Home Sales Losing Momentum appeared first on DSNews. The post Pending Home Sales Losing Momentum appeared first on Appraisal Buzz.

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Housing Wire

JUNE 14, 2021

Mortgage operations were a make or break component of every lender’s 2020 strategy, putting operational professionals in the housing economy to test in a turbulent market. As Chief Operating Officer at Waterstone Mortgage , Rich Tucker is no stranger to the challenges of last year as he led his team through a record-shattering few months. Shortly after his promotion from SVP – Loan Operation to Chief Operating Officer, Tucker received a HousingWire’s 2020 HW Insiders award.

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Appraisal Buzz

JUNE 14, 2021

Despite very low and steadily holding mortgage rates, overall locks—particularly rate/term refinances—remain down across the board last month, according to a new report. The post Rate Locks Down Across All Mortgage Products appeared first on theMReport.com. The post Rate Locks Down Across All Mortgage Products appeared first on Appraisal Buzz.

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Housing Wire

JUNE 14, 2021

Ohio-based Lanco Title Agency has joined forces with the Northwest Title group, bringing the two Buckeye State firms together. “The new affiliation will help provide Lanco Title with a greater depth of resources and support available to their customers,” the companies said in a release. Lanco Title, owned by Jon Clark, was founded in 1979, servicing the southeastern and central Ohio markets.

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Appraisal Buzz

JUNE 14, 2021

William P. Foley II, a director and chairman of the board of Black Knight Inc., says he is retiring from the company board this week. Anthony Jabbour has been appointed to serve as chairman in addition to his role as CEO. Thomas M. Hagerty will continue to serve as Black Knight’s independent lead director. Foley will serve as chairman emeritus. “On behalf of the Black Knight board, our management team and all of our.

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Eyes on Housing

JUNE 14, 2021

The average length of time to complete construction of a multifamily building, after obtaining authorization, is 17.4 months, according to the 2020 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time in 2020 was relatively unchanged from 2019, slowing down the upward trend since 2013. The average time to build multifamily homes varies with the number of.

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Appraisal Buzz

JUNE 14, 2021

The dog days of summer bring with them the start of a reversal in the home sale market, with record high asking prices forcing more prospective buyers back to the sidelines. The post Summer Heat Brings a Market Cooldown appeared first on theMReport.com. The post Summer Heat Brings a Market Cooldown appeared first on Appraisal Buzz.

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GoForrmz

JUNE 14, 2021

Simplify the collection of signed lien waivers with digital form sharing Lien waivers can be frustrating. With paper forms and PDFs, the lien waiver process can result in significant delays due to form mismanagement, incorrect data entry, missing signatures, and lengthy delivery wait times. These delays, in turn, result in sluggish payments and frequent miscommunication.

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Appraisal Buzz

JUNE 14, 2021

For the 15th straight week, the share of mortgage loans in forbearance has dropped, with employment showing signs of strength. The post Forbearance Exit Volume Continues to Grow appeared first on DSNews. The post Forbearance Exit Volume Continues to Grow appeared first on Appraisal Buzz.

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Valuation Review

JUNE 14, 2021

The issue of racial bias and discrimination in the appraisal profession continues to strike a nerve amongst those in the business. Valuation Review, which has addressed this topic before, now gives a different viewpoint as seen through the eyes of an attorney. We spoke with Franklin, Greenswag, Channon & Capilla, LLC attorney Craig Capilla for his thoughts.

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Appraisal Buzz

JUNE 14, 2021

Real estate finance standards organization MISMO is launching an e-mortgage technology certification program module that will assist lenders, settlement agents and consumers in verifying that a technology offering can perform an e-closing transaction in a secure and compliant manner. “This offering fills an industry need as lenders are updating their digital stacks and looking to differentiate among available products and ensure interoperability and compliance with MISMO standards,”

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Valuation Review

JUNE 14, 2021

CoreLogic recently announced the completion of its acquisition by funds managed by Stone Point Capital and Insight Partners for $80 per share in cash. CoreLogic’s common stock has ceased trading on the New York Stock Exchange. Read on to learn more.

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Appraisal Buzz

JUNE 14, 2021

A new study reveals some key differences between LGBTQ+ house hunters and sellers and their non-LGBTQ+ counterparts and explains why it is important. The post Examining Buying, Selling Behaviors of LBGTQ+ Homeowners appeared first on theMReport.com. The post Examining Buying, Selling Behaviors of LBGTQ+ Homeowners appeared first on Appraisal Buzz.

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BiggerPockets

JUNE 14, 2021

The process of purchasing a first (or any) property can be nerve-wracking, not to mention downright expensive. But a good home inspector will save you money. Here's how to find an inspector who will help you succeed.

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Appraisal Buzz

JUNE 14, 2021

Though interest rate offerings trended downward across all mortgage products last month, overall rate locks were still down across the board, researchers say. The post May’s Mortgage Market Monitor Shows Lag in Activity appeared first on DSNews. The post May’s Mortgage Market Monitor Shows Lag in Activity appeared first on Appraisal Buzz.

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BiggerPockets

JUNE 14, 2021

Typically, news of inflation spooks the market, triggering sell-offs as investors anticipate a slow down in business—eventually denting their bottom lines. However, that hasn't happened yet in 2021. Why?

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Investing Investors Business Marketing 73

Valuation Review

JUNE 14, 2021

The Appraisal Institute (AI), in collaboration with Fannie Mae and the National Urban League, is seeking applicants for its Appraiser Diversity Initiative Sponsorship Program, AI announced in a release. Read on for more details.

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Appraisal 60

Mashvisor

JUNE 14, 2021

The United States real estate industry took a hit in 2020 due primarily to the Coronavirus pandemic.

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Property Management Real Estate Marketing Technology 74

Valuation Review

JUNE 14, 2021

Twenty-seven percent of people who moved last year cited being closer to family as the main reason, according to the personal-finance website WalletHub, which released its report on “2021’s Best & Worst Places to Raise a Family.” Read on to find out these locations.

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Finance 60

Mortgagebroker News

JUNE 14, 2021

The COVID-19 health crisis had an unprecedented impact on the world’s major urban markets

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Valuation Review

JUNE 14, 2021

Clario Appraisal Network, Inc., a full-service residential real estate appraisal firm and sister company of real estate valuation and analytics fintech leader Clear Capital, has partnered with SkillBridge, a Department of Defense (DoD) program for service members to gain valuable civilian work experience through specific industry training, apprenticeships or internships during the last 180 days of service.

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Appraisal Training Valuation Real Estate 60

Mortgagebroker News

JUNE 14, 2021

Resurgent housing market activity is playing a significant role

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Valuation Review

JUNE 14, 2021

Valcre, the appraisal platform for the commercial real estate industry, launched its new software integration with Rockport VAL, the company announced in a press release. This technology will expand the capabilities of Valcre clients, enabling them to conduct discounted cash flow modeling (DCF) with Rockport VAL and integrate the calculation results into their appraisal reports.

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AmeriMac

JUNE 14, 2021

If you own an apartment building, office building, condominiums, industrial sites, shopping centers, or land that is up for sale, that property might be eligible for a commercial appraisal. You may need a commercial appraisal if your property is being sold, mortgaged, taxed, insured or developed. The information that you gain from a commercial appraisal is important whether you own, manage, sell, lend money or invest in commercial real estate property — often forming the basis of any busin

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Appraisal Real Estate Appraisal Process Valuation 36

Assurance Financial

JUNE 14, 2021

The most common type of home loan is the conventional loan. These loans are perfect for borrowers with a strong credit history and the funds for a more substantial down payment. Conventional loans offer the ability to avoid the costs of mortgage insurance while also giving borrowers the option of fixed or adjustable rates. What are conventional loan limits?

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AmeriMac

JUNE 14, 2021

If you own an apartment building, office building, condominiums, industrial sites, shopping centers, or land that is up for sale, that property might be eligible for a commercial appraisal. You may need a commercial appraisal if your property is being sold, mortgaged, taxed, insured or developed. The information that you gain from a commercial appraisal is important whether you own, manage, sell, lend money or invest in commercial real estate property — often forming the basis of any busin

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