Housing Wire
AUGUST 5, 2021
The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. According to Sam Khater, chief economist at Freddie Mac, concerns over the COVID-19 Delta variant, along with lower 10-year Treasury yields, have resulted in lower rates.
Appraisal Buzz
AUGUST 5, 2021
Tian Liu details what does the housing market needs to do to make the American Dream more attainable for all. The post Taking Inventory appeared first on theMReport.com. The post Taking Inventory appeared first on Appraisal Buzz.
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Housing Wire
AUGUST 5, 2021
Instead of waiting for credit standards for agency-backed mortgages to relax, two industry veterans are launching a startup to help credit-impaired borrowers rise to meet them. Jeff Walker and Steve Romano founded CredEvolv , a startup that facilitates credit counseling in order to transform borrowers that were declined credit into mortgage-ready leads for lenders.
Appraisal Buzz
AUGUST 5, 2021
Industry leaders have ramped up technology and learned the true meaning of flexibility—now they must determine which innovations are here to stay and how to integrate them. The post The Way Back: A Return to In-Office Work appeared first on DSNews. The post The Way Back: A Return to In-Office Work appeared first on Appraisal Buzz.
Housing Wire
AUGUST 5, 2021
Zillow CEO Rich Barton. New quarter, same story. Zillow makes money through agents advertising on its website. It loses money via buying homes for cash and then reselling them. Add it up and the Seattle listings-and-iBuying giant on Wednesday reported $9.6 million in net income for the second quarter of 2021, and $1.3 billion in revenue. The figures compare favorably to the second quarter 2020 – Zillow posted an $84 million net loss and $768 million in revenue back then – but April through June
Appraisal Buzz
AUGUST 5, 2021
AHP Servicing , a residential mortgage special servicer, has named Charles E. Halko Jr. as CFO. Most recently, Halko spent 10 years at Selene Finance LP as CFO, where he was instrumental in obtaining GSE approvals and the GNMA direct servicing contract. “The addition of Chuck is critical to our continued growth to become a premier special servicer,” says CEO Jorge Newbery. “His expertise enables us to further enhance our financial management, accounting and reporting.
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Appraisal Buzz
AUGUST 5, 2021
HouseCanary’s latest Market Pulse report, covering 22 listing-derived metrics and comparing data between July 2020 and July 2021, has found that the while the nation’s housing supply remains a detriment for the market, net new listings and the number of listings under contract shrinking is a positive sign that is rectifying itself. In terms of … The post Affordable Properties Remain Out of Reach appeared first on DSNews.
Housing Wire
AUGUST 5, 2021
Big-four title company Fidelity National Financial released its second-quarter earnings this week, after Old Republic, First American, and Stewart Title announced their numbers in July. Fidelity reported $3.9 billion in total revenue for the second quarter, up from $2.4 billion year over year. That’s also up more than 50% from the company’s first quarter 2021 total revenue, when Fidelity announced “only” $2 billion in total revenue.
Appraisal Buzz
AUGUST 5, 2021
Representatives from the mortgage subservicer say Jason Shockey “brings an impressive depth of cybersecurity knowledge to the role.” The post Cenlar FSB Announces Chief Information Security Officer Hire appeared first on DSNews. The post Cenlar FSB Announces Chief Information Security Officer Hire appeared first on Appraisal Buzz.
Housing Wire
AUGUST 5, 2021
Oregon-based WFG National Title Insurance Co. has added two underwriters in Michigan, the company announced this week. Rachel Richardson and Tory Vincent will both serve as WFG’s Michigan state counsel and national agency counsel, said Alan Fields, WFG director of underwriting services. “It is difficult to find underwriters with the type of multi-state experience that Rachel and Tory bring to WFG,” Fields said. “We are pleased to add them to the team supporting our national age
Appraisal Buzz
AUGUST 5, 2021
Purchase apps have fallen slightly, however homeowners nationwide continue to jump into the refi market with rates falling to record low territory. The post Mortgage Rates Fall Further Below the 3% Margin appeared first on theMReport.com. The post Mortgage Rates Fall Further Below the 3% Margin appeared first on Appraisal Buzz.
Eyes on Housing
AUGUST 5, 2021
Soaring building material costs, high demand and low inventory have added tens of thousands of dollars to the price of a new home and caused housing affordability to fall to its lowest level in nearly a decade during the second quarter of 2021. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), 56.6 percent of.
Appraisal Buzz
AUGUST 5, 2021
Looking to add 500 new jobs, Interfirst is investing $5 million into the region, pushing to recruit teachers to train as MLOs. The post Interfirst Expands in the Chicago Area appeared first on theMReport.com. The post Interfirst Expands in the Chicago Area appeared first on Appraisal Buzz.
Urban
AUGUST 5, 2021
How the repurposing of guarantee fees can support affordable housing and underserved market priorities.
Appraisal Buzz
AUGUST 5, 2021
The cooperative hosts its first large-scale, in-person event in over a year this week for networking and educational sessions for today’s market and beyond. The post Lenders One Preps for Annual Summit appeared first on theMReport.com. The post Lenders One Preps for Annual Summit appeared first on Appraisal Buzz.
GoForrmz
AUGUST 5, 2021
Streamline and simplify client intake with online forms and digital data capture Online forms eliminate common obstacles within client intake processes. Many businesses still rely on paper forms, cumbersome spreadsheets, and rigid applications to collect new client information, resulting in delayed processing, missing information, and miscommunication.
Appraisal Buzz
AUGUST 5, 2021
Price jumps that helped sellers earn big profits also led to equity improvements not seen in years, according to analysts. The post Homeownership: Asset That ‘Keeps on Giving’ appeared first on theMReport.com. The post Homeownership: Asset That ‘Keeps on Giving’ appeared first on Appraisal Buzz.
Eyes on Housing
AUGUST 5, 2021
The latest results of the Federal Reserve’s Board’s Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS), showed that the market for commercial real estate financing (CRE loans) and residential real estate (RRE) financing eased compared to the first quarter. While the demand-side market participants for CRE loans are businesses, those of RRE loans are households.
Appraisal Buzz
AUGUST 5, 2021
ATTOM ’s second-quarter 2021 U.S. Home Equity & Underwater Report shows that 34.4% of mortgaged residential properties in the U.S. were considered equity-rich in the second quarter. This is up from 31.2 percent in the first quarter of 2021 and from 27.5% in the second quarter of 2020. The report also shows that just 4.1% of mortgaged homes were considered seriously underwater in the second quarter of 2021, with a combined estimated balance of loans.
Empire Appraisal Group
AUGUST 5, 2021
Homes With Pools Are Selling at a Premium. Source: Homes With Pools Are Selling at a Premium | Realtor Magazine. The post Homes With Pools Are Selling at a Premium appeared first on Empire Appraisal Group.
Appraisal Buzz
AUGUST 5, 2021
Record-high home prices may be causing some buyers to retreat, as affordability continues to play a factor in homebuyers’ decisions. The post 7.3% Fewer Listings Under Contract YoY in July appeared first on theMReport.com. The post 7.3% Fewer Listings Under Contract YoY in July appeared first on Appraisal Buzz.
BiggerPockets
AUGUST 5, 2021
Real estate can be a rollercoaster, especially for investors. Having the right agent along for the ride makes all the difference between a deal that makes you soar and a […].
Appraisal Buzz
AUGUST 5, 2021
Illinois judges ruled a $50 charge earmarked for prevention efforts violated free access, equal protection, due process, and uniformity clauses. The post Court Finds Foreclosure Filing Fee Unconstitutional appeared first on DSNews. The post Court Finds Foreclosure Filing Fee Unconstitutional appeared first on Appraisal Buzz.
BiggerPockets
AUGUST 5, 2021
Entrepreneurs work long, stressful hours, and as a result, they get paid the big bucks. This is the position that Stephanie, a freelance Salesforce consultant is in. She makes a […].
Mashvisor
AUGUST 5, 2021
Are you looking to invest in real estate but don’t know where to buy a profitable investment property?
BiggerPockets
AUGUST 5, 2021
As the housing market continues to hit new peaks, there is reasonable fear that current prices are not sustainable. When imagining what could be the catalyst for price declines, one of most cited is a potential foreclosure crisis.
Mortgagebroker News
AUGUST 5, 2021
President says the mortgage market is becoming increasingly prohibitive
Appraisal Buzz
AUGUST 5, 2021
U.S. home prices in June increased 2.3% compared with May and were up 17.2% compared with June, according to CoreLogic ’s home price index. Lack of supply, economic rebound and demographic trends were the main factors fueling the home price surge, the firm’s research shows. The result is affordability challenges that are increasingly impacting low- and middle-income Americans.
Mortgagebroker News
AUGUST 5, 2021
Growing one's business and strengthening relationships go hand in hand
Appraisal Buzz
AUGUST 5, 2021
Freddie Mae has announced a new single-close mortgage product that will allow homeowners to finance the cost of small scale renovations. The CHOICEReno eXPress will allow homebuyers to make cosmetic renovations , such as replacing windows and doors, roof repairs, minor remodeling and interior or exterior painting. The new product is an expansion of the existing Freddie Mac CHOICERenovation mortgages.
Mortgagebroker News
AUGUST 5, 2021
It's time to recognize the mortgage industry's trailblazing women
Housing Wire
AUGUST 5, 2021
Senate Republicans today grilled three of President Joe Biden’s nominees for positions at the U.S. Department of Housing and Urban Development over their past comments in support of defunding the police, while Democrats asked them how they would tackle housing affordability. Julia Gordon , Biden’s pick to head the Fair Housing Administration at HUD, Solomon Greene, who would be HUD’s assistant secretary for policy development and research, and Dave Uejio , acting director of the Consumer Finance
Mortgagebroker News
AUGUST 5, 2021
Housing affordability saw its most serious decline in decades
Mortgagebroker News
AUGUST 5, 2021
Inventory is a growing concern for the burgeoning market
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