Housing Wire
OCTOBER 19, 2021
Over the past few years, politics has become an increasing polarizing subject, so it should come as no surprise that it is influencing recent homebuyers’ decisions of where they want to live. The passage of the so-called “heartbeat bill” in Texas and similar laws in other states, access to legal and safe abortions has become a major concern for some recent movers.
Appraisal Buzz
OCTOBER 19, 2021
Susan Vick has been promoted to vice president of marketing at Cherry Creek Mortgage , a nationwide, full-service mortgage lender. Vick previously served as director of marketing since joining the company in February 2020. Vick has 30 years’ experience in marketing, mainly in financial services, information technology and healthcare. Before joining Cherry Creek Mortgage, she held various executive marketing positions at several organizations in the Denver area.
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Housing Wire
OCTOBER 19, 2021
Executive Vice President at Rocket Pro TPO Austin Niemiec. Rocket Pro TPO, a division of Rocket Mortgage , announced today that it is launching several tech-focused initiatives to support mortgage broker partners for a purchase-heavy market. Perhaps the most significant news, made under the fanfare of “Come Together” by the Beatles, is that the nation’s largest mortgage lender pledged “to build bridges” for their brokers partners by connecting them with real estate agents.
Appraisal Buzz
OCTOBER 19, 2021
Applications for mortgages for new home purchases decreased 16.2% in September compared with August and were down 4% compared with a year ago, according to the Mortgage Bankers Association’s (MBA) Builder Application Survey. . “New home sales purchase activity was weaker in September, and the average loan size rose to another record high, as homebuilders continue to grapple with rising building materials costs and labor shortages,” says Joel Kan, associate vice president of economic and.
Housing Wire
OCTOBER 19, 2021
Last year saw a record-breaking $3.83 trillion in mortgage originations, according to the Mortgage Bankers Association (MBA), as interest rates plunged, and COVID-19 accelerated an ongoing exodus from cities to the suburbs. While 2021 volume is expected to slow somewhat, the purchase market appears to be on pace to surpass refinances, the MBA said. HousingWire recently spoke with Jon Gerretsen, SitusAMC Managing Director of Residential New Originations and Fulfillment Services, about the home bu
Appraisal Buzz
OCTOBER 19, 2021
Kristy Fercho, MBA chairman, and executive vice president and head of home lending at Wells Fargo, has announced the Home for All Pledge , a Mortgage Bankers Association (MBA) member company action pledge to promote minority homeownership; affordable rental housing; and company diversity, equity and inclusion. “The Home for All Pledge represents a long-term commitment by MBA member companies and employees to promote and ensure greater racial equity and inclusion in housing,” says Fer
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
OCTOBER 19, 2021
Nearly 1.4 million Americans remain in forbearance plans, as all eyes are turning to the servicing sector as they continue to bob and weave to comply with regulatory and market changes (Sponsored Content). The post All Eyes on Risk appeared first on DSNews. The post All Eyes on Risk appeared first on Appraisal Buzz.
Housing Wire
OCTOBER 19, 2021
The historic mortgage boom spurred by the pandemic hasn’t just been a blessing for lenders – the slew of mortgage loan-trading platforms have also reaped the rewards of historic origination volume. But new regulatory actions and rising interest rates threaten to cut the party short if they can’t adapt. The companies behind these platforms – ranging from stalwarts like Black Knight and MCT , to startups such as Maxex and Maxwell – essentially connect lenders and investors, and also ma
Appraisal Buzz
OCTOBER 19, 2021
Both Fannie Mae and Freddie Mac (the GSEs) will be expanding their low-income refinance programs to include those making at or below 100 percent of an area’s median income (AMI). The threshold on the programs is currently at 80 percent of AMI. Sandra L. Thompson, acting director of the Federal Housing Finance Agency (FHFA) announced the change in her keynote address to the Mortgage Bankers Associations annual conference on Monday.
The Appraiser Coach
OCTOBER 19, 2021
A question that comes up quite often on the forums is what to do about garages that have tandem spaces, what to do about two car garages that can really. Read More.
Appraisal Buzz
OCTOBER 19, 2021
Over half of America’s seniors have now paid off their home, are living without a mortgage, and view their home as the best financial decision they ever made. The post Seniors Overwhelmingly Want to Stay in Their Homes appeared first on theMReport.com. The post Seniors Overwhelmingly Want to Stay in Their Homes appeared first on Appraisal Buzz.
DataMaster
OCTOBER 19, 2021
It is not enough to be busy, so are the ants. The question is: What are we busy about? Henry David Thoreau. We’re busier than we’ve ever been. How often have you talked to a friend about how busy you’ve been? How many important items do you have to get done? It’s one of those funny (not funny-haha ) paradoxes. We have so many tools out there to help us but they never seem to help us feel more at ease.
Appraisal Buzz
OCTOBER 19, 2021
The Mortgage Bankers Association’s mortgage volume forecast is the writing on the wall. It shows that the refinance business that accounted for over 75% of the lender’s business last year will account for only about a quarter of industry volume next year. That is a huge change and it will impact every process loan originators are using to serve borrowers today.
Eyes on Housing
OCTOBER 19, 2021
Total housing starts decreased 1.6% in September, according to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Single-family starts were flat for the month, while overall multifamily starts declined in August. The August total starts reading of 1.56 million starts is the number of housing units builders would begin if development kept this.
Appraisal Buzz
OCTOBER 19, 2021
Zillow, a Seattle-based real estate and financial services company, has announced that it is suspending signing new contracts with homeowners who use its iBuying service Zillow Offers until the end of the year. However, the company will continue buying homes that were already in its pipeline as the pause impacts prospective sellers yet to sign … The post Zillow Hits Pause on iBuying appeared first on theMReport.com.
DataMaster
OCTOBER 19, 2021
It is not enough to be busy, so are the ants. The question is: What are we busy about? Henry David Thoreau We’re busier than we’ve ever been. How often have you talked to a friend about how busy you’ve been? How many important items do you have to get done? It’s one of those funny (not funny-haha ) paradoxes. We have so many tools out there to help us but they never seem to help us feel more at ease.
Appraisal Buzz
OCTOBER 19, 2021
TransUnion has partnered with FinLocker , a financial fitness app that helps low-to-moderate income (LMI) consumers monitor their progress towards mortgage readiness and streamline the homebuyer journey for them. FinLocker’s mortgage readiness assessment analyzes the consumer’s enrolled financial data and provides a personalized plan, tools and resources to increase their credit score, save for their down payment, and reduce their debt-to-income ratio to achieve mortgage eligibility.
DataMaster
OCTOBER 19, 2021
It is not enough to be busy, so are the ants. The question is: What are we busy about? Henry David Thoreau. We’re busier than we’ve ever been. How often have you talked to a friend about how busy you’ve been? How many important items do you have to get done? It’s one of those funny (not funny-haha ) paradoxes. We have so many tools out there to help us but they never seem to help us feel more at ease.
Appraisal Buzz
OCTOBER 19, 2021
The initial production releases included the Inspections and Property Preservation modules. These will be followed by Collections and Loss Mitigation activities through the remainder of the year. The post Aspen Grove Solutions to Partner With Homepoint appeared first on DSNews. The post Aspen Grove Solutions to Partner With Homepoint appeared first on Appraisal Buzz.
BiggerPockets
OCTOBER 19, 2021
The hosts look and sound a little different today. There are no beards and we haven’t heard one metaphor containing jiu-jitsu lingo… That’s because Ashley Kehr and Tony Robinson, hosts […].
Appraisal Buzz
OCTOBER 19, 2021
With the winter around the corner, Zillow has found the minor growth in inventory is helping shift the scales slightly in favor of buyers. The post Housing Inventory Rises for the Fifth Consecutive Month appeared first on DSNews. The post Housing Inventory Rises for the Fifth Consecutive Month appeared first on Appraisal Buzz.
Lamacchia Realty
OCTOBER 19, 2021
Announcing the newest member of the Lamacchia Realty President’s Club… Kerryann Murphy ! This is her first time qualifying for the club, selling 33 homes ALREADY this year. Kerryann joined Lamacchia Realty in 2019 and consistently put the work in day-in and day-out to grow her business. Her hard work did not go unnoticed, and that year was the recipient of the 2019 Rookie of the Year Award.
Appraisal Buzz
OCTOBER 19, 2021
A new study has found that monthly growth in both home values and rents eased in September, continuing a seasonal calming that began late summer. The post Upcoming Winter Season Cools Housing Market appeared first on theMReport.com. The post Upcoming Winter Season Cools Housing Market appeared first on Appraisal Buzz.
Eppraisal
OCTOBER 19, 2021
The real estate industry has been experiencing one of the hottest markets in history. This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. As a result, home values have been increasing. In fact, according to the National Association of Realtors, "94% of metro areas saw double-digit price growth in the second quarter of 2021.
Appraisal Buzz
OCTOBER 19, 2021
Freddie Mac has issued the following statement in support of an announcement by the Federal Housing Finance Agency (FHFA) that Freddie Mac and Fannie Mae’s low-income refinance programs will be expanded to include those making at or below 100% of the area median income (AMI) – up from 80% AMI. “Freddie Mac is taking action to ensure more deserving homeowners can benefit from today’s low mortgage rate environment through refinancing,” states Donna Corley, Freddie.
East Coast Appraisal
OCTOBER 19, 2021
Whether you are buying, refinancing, or simply insuring a home or piece of property, a home appraisal is an important document in the process that you need to understand. Here are six key words and phrases that you should be familiar with before your next appraisal. 1. URAR. URAR is the acronym for the Uniform Residential Appraisal Report. This is the most common form used by appraisers throughout the country.
Appraisal Buzz
OCTOBER 19, 2021
Continuing an annual tradition, MReport once again brings you the Women in Housing Leadership Awards, as presented at last month’s Five Star Conference and Expo. We now take a look at this year’s final award recipients. The post 2021 Women in Housing Leadership Awards appeared first on theMReport.com. The post 2021 Women in Housing Leadership Awards appeared first on Appraisal Buzz.
Mashvisor
OCTOBER 19, 2021
what happens if you ever decide to sell your rental property while there is an active rental lease on it…can a landlord terminate a lease?
Appraisal Buzz
OCTOBER 19, 2021
A question that comes up quite often on the forums is what to do about garages that have tandem spaces, what to do about two car garages that can really … Read More. The post Tandem Garage Conundrum appeared first on Appraisal Buzz.
Lamacchia Realty
OCTOBER 19, 2021
Almost two years after Lamacchia Realty acquired then First Team Realty at 6 North Roa d, they were finally able to celebrate with an official grand opening! While moving into a new building and starting a transition in the middle of a pandemic was a challenge, the Chelmsford office staff, and its REALTORS® persevered! Lamacchia took advantage of the ti me with agents out of the office by starting up a lofty renovation project that turned out better than many could have imagined.
Mortgagebroker News
OCTOBER 19, 2021
As prices start to tick back up, speculation is growing that another spike could be in the offing
Will Springer Realtor
OCTOBER 19, 2021
Not all home appraisals – and those who conduct them – are created equal. The home is under contact, seller and buyer have agreed to terms. Buyer is financing the purchase through a mortgage lender and the underwriter wishes to confirm the value of the home before issuing the loan. (No lender will approve a mortgage on a home that is valued less than the agreed sales price.).
Mortgagebroker News
OCTOBER 19, 2021
Find out which lenders are performing for broker support, turnaround times, product range, interest rates and more
Housing Wire
OCTOBER 19, 2021
Today, the U.S. Census Bureau reported that housing starts hit 1.55 million for September, and housing permits came in at 1.589 million. These data lines missed monthly expectations, and we had negative revisions to the previous months when combined — overall, not the most exciting report. However, one thing to always remember with housing starts data is that the month-to-month data can be extreme but the long-term trend does tell the real story of what is going on.
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