Housing Wire

JUNE 21, 2021

Though the number of high-quality refi candidates grew from 12 to more than 14 million from March through May — a 15% increase — actual refinance rate locks dropped by 27% over the same period, according to recent data from Black Knight’s Originations Market Monitor. Month over month, overall rate lock volume was down 4.7% in May, with declines seen across purchase locks (-3.4%) as well as cash-out (-3.4%) and rate/term (-8.2%) refinance locks.

Lending 433

Lending Sellers Housing Market Buyers 433

Sacramento Appraisal Blog

JUNE 21, 2021

A couple weeks ago a viral story came out about a fund called BlackRock who was reported to be buying everything in sight and paying 20-50% above market value. Let’s talk about this as well as other institutional investors right now. This is a longer post, so scroll topics (or digest slowly). Market update on […].

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Investors Housing Market Marketing Market Value 371

Housing Wire

JUNE 21, 2021

The Securities and Exchange Commission announced last week a cybersecurity violation by title insurance giant First American Financial Corp. after the company learned of a breach that exposed customer social security numbers and sensitive financial information, yet failed to act. First American agreed to a cease-and-desist order and will pay a $487,616 penalty.

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Insurance Technology Investors Mortgage 404

Appraisal Buzz

JUNE 21, 2021

The Black Homeownership Collaborative looks to address the affordable housing challenges facing Black communities via plan to promote sustainable homeownership and narrow the homeownership gap. The post New Plan Seeks to Narrow Homeownership’s Racial Divide appeared first on DSNews. The post New Plan Seeks to Narrow Homeownership’s Racial Divide appeared first on Appraisal Buzz.

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Appraisal 363

Housing Wire

JUNE 21, 2021

With mortgage lenders’ volume slowly redefining a new normal, they’re able to turn their focus to maintenance through training and retaining staff, enhancing technology and measuring employee productivity. That’s where The Mortgage Collaborative (TMC), the mortgage industry’s only independent cooperative, comes in. In this era of steady industry growth, TMC has matched its stride and added 22 new members and eight new partners since the beginning of this year.

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Mortgage Training Technology Business 227

Appraisal Buzz

JUNE 21, 2021

The fifth largest economy in the world, California is home to some of the most extravagant residential properties you’ll find anywhere in the US. As a Southern California appraiser for 12 years, I’ve seen my share: homes with vineyards as backyards, celebrity mansions, even a castle. Yep, a castle. Try to find a decent comp for that! Although it tops most lists of best states in the country for year-round weather, California’s climate is a lot more diverse than you’ve heard.

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Appraisal Inspection Design Housing Market 358

Appraisal Buzz

JUNE 21, 2021

Pandemic-related remote work situations are pushing more Americans to purchase second homes. The post Surge in the Demand for Vacation Homes appeared first on DSNews. The post Surge in the Demand for Vacation Homes appeared first on Appraisal Buzz.

Appraisal 307

Appraisal 307

McKissock

JUNE 21, 2021

The world of buying or selling a home is not always joyful. Bad things happen. Contracts fall through. Inspections and appraisals come back with deal-breaking news. You need to drop the asking price. A buyer withdraws an offer. When those things happen, it will be up to you to deliver the bad news honestly and openly, without destroying your clients’ confidence in you or the whole process.

Clients 98

Clients Real Estate Contracts Business 98

Appraisal Buzz

JUNE 21, 2021

As required by the times, mortgage lenders have been experimenting with remote work on a mass scale over the past year. Sure, personnel in some positions had been able to telecommute previously, but in many instances, this was not a possibility for underwriters, processors and loan officers in all states and chartering or licensing regimes…until now.

Loan Officers 300

Loan Officers Mortgage Appraisal Marketing 300

Valuation Review

JUNE 21, 2021

The American Society of Appraisers’ (ASA) International President Lorrie Beaumont, who became a member of ASA years ago, is stepping away from her current position. Beaumont expressed her gratitude in a letter. Valuation Review shares her thoughts to ASA members and friends, and what she hopes the future holds for the profession.

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Valuation Review Valuation Appraisal 78

Appraisal Buzz

JUNE 21, 2021

BSI Financial Services has partnered with Vaultedge to automate its mortgage servicing rights (MSRs) boarding process and leverage document indexing, classifying and extraction capabilities. “Vaultedge is able to classify and split mortgage documents with more than 99 percent accuracy, and it has an elegant UI to review output and take care of exceptions,” says Michael Kittyle, CIO of BSI Financial.

Technology 300

Technology Mortgage Appraisal 300

BiggerPockets

JUNE 21, 2021

Lumber prices have truly spiraled out of control. Yes, we're seeing some drops—prices have dropped 40% since May's peak. But many investors believe higher prices are here to stay.

Investors 75

Investors Real Estate 75

Appraisal Buzz

JUNE 21, 2021

The demand for vacation and second home sales is outpacing the overall growth in existing-home sales, according to a new NAR survey. The post Remote Work Drives Interest in Second Homes appeared first on theMReport.com. The post Remote Work Drives Interest in Second Homes appeared first on Appraisal Buzz.

Appraisal 221

Appraisal 221

BiggerPockets

JUNE 21, 2021

Should you rent or sell? As with most real estate questions, there is no universal “right or wrong” answer. But once you understand the options, you can make the best choice for your situation.

Real Estate 76

Real Estate 76

Appraisal Buzz

JUNE 21, 2021

While the interest in relocating to a new metro area has leveled off in Q2, researchers say it remains well above pre-pandemic levels. The post Homebuyers’ Desire to Move to New Metro Still Strong appeared first on theMReport.com. The post Homebuyers’ Desire to Move to New Metro Still Strong appeared first on Appraisal Buzz.

Appraisal 273

Appraisal 273

Valuation Review

JUNE 21, 2021

Greystone has provided a $7.3 million HUD-insured loan to refinance a 78-bed assisted living community in Great Falls, Mont., according to a press release. Read on to learn more.

Insurance 60

Insurance Finance 60

Appraisal Buzz

JUNE 21, 2021

Ocwen subsidiary PHH expects to double its reverse servicing/subservicing portfolio through latest acquisition of HUD-, FHA- and Fannie Mae-approved servicer of reverse mortgages. The post PHH Mortgage to Acquire Reverse Mortgage Solutions appeared first on theMReport.com. The post PHH Mortgage to Acquire Reverse Mortgage Solutions appeared first on Appraisal Buzz.

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Mortgage Appraisal 273

Valuation Review

JUNE 21, 2021

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30, 2021, subject to the continued tenant protections FHFA has imposed during the pandemic. Read on to learn more.

Tenants 60

Tenants Finance 60

Appraisal Buzz

JUNE 21, 2021

Lodasoft says it has integrated its technology with the Optimal Blue PPE engine from Black Knight Inc. The new integration will enable mortgage lenders to seamlessly deliver the Optimal Blue PPE pricing workflows into Lodasoft’s platform, allowing them to automate pipeline management and loan searches, as well as to price loans in real time for consumers and originators.

Technology 170

Technology Mortgage Appraisal 170

Valuation Review

JUNE 21, 2021

CoreLogic’s monthly Loan Performance Insights Report for March 2021showed 4.9 percent of mortgages in the U.S. were in some stage of delinquency (30 days or more past due. The numbers included those in foreclosure, representing a 1.3 percent increase in overall delinquency rate compared to March 2020. Read on for more of the report.

Mortgage 60

Mortgage 60

Berkshire Hathaway

JUNE 21, 2021

I know you are probably sick and tired of hearing about how crazy this market is, but sadly it’s the truth and we want to help you come out the other side unscathed! Now in a normal market it is always good to have a realtor to help guide you through the process, but with today’s market and the way it is, it is not only good to have a realtor on your side it is ESSENTIAL!!!

Real Estate Agent 63

Real Estate Agent Marketing Realtors Real Estate 63

Valuation Review

JUNE 21, 2021

Veros Real Estate Solutions has added commercial properties to the company’s Disaster Data Solution product. The company provides key players in the real estate communities essential data on properties affected by natural disasters. Read on for more from the Veros report.

Real Estate 78

Real Estate 78

Mashvisor

JUNE 21, 2021

One year since the start of the pandemic and the housing industry continues to show resilience.

Real Estate 85

Real Estate Marketing Mortgage Investors 85

Valuation Review

JUNE 21, 2021

Kennedy Funding, a New Jersey-based direct private lender, recently closed a $2.475 million loan to Colorado real estate developer Ban RE Group. Read on to learn more.

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Development Real Estate 60

CA Realty Training

JUNE 21, 2021

By Bettina Siochi. How to Change Real Estate Brokerages. Are you thinking about switching brokerages? Switching brokerages is not unusual in the real estate industry. Yet, most agents think it’s much harder than it is. Reasons for leaving may vary from agent to agent. But, all you need to do is familiarize yourself with the process. Steps to Change Real Estate Brokerages.

Real Estate 57

Real Estate Brokerage Training Real Estate Agent 57

Mortgagebroker News

JUNE 21, 2021

One mortgage professional says things are settling to a more "manageable" pace

Housing Market 73

Housing Market Marketing Mortgage 73

Mashvisor

JUNE 21, 2021

Being a real estate agent means constantly putting yourself in front of potential clients.

Real Estate Agent 66

Real Estate Agent Real Estate Agents Clients 66

Quicken Loans

JUNE 21, 2021

The federal government rewards veterans of the U.S. military in several ways. Many programs, from education reimbursement to disability compensation, employment services and life insurance are available to active and former members of the armed forces. Another benefit of military service is home loan assistance in the form of the VA loan. However, many veterans have not used or are unaware of the VA loan benefit provided to them.

Insurance 36

Insurance Government Mortgage Development 36

Lamacchia Realty

JUNE 21, 2021

The market has been anything but normal over the past year. As it starts to potentially slide back into its regular rhythm, buyers may find themselves in unfamiliar territory. For almost 12 months, the market inventory has been so low that buyers have become used to bidding wars. It was rare to find a properly priced home for sale that wasn’t receiving multiple over-asking offers after a mobbed open house.

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Buyers Inventory Sellers Open Houses 36

Mortgagebroker News

JUNE 21, 2021

It has been conducting research on the province's residential real estate sector for two years

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Real Estate 45

Housing Wire

JUNE 21, 2021

Nashville is hardly the only Tennessee city attracting significant interest from out-of-staters drawn to the Volunteer State. Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Mortgagebroker News

JUNE 21, 2021

A new report indicates a major market shift

Marketing 60

Marketing 60

Appraisal Buzz

JUNE 21, 2021

As millennial families grow, remote work endures, and home prices skyrocket, houses constructed as single-family rentals gain in popularity. The post Study Shows Build-to-Rent Market in ‘Turbo Mode’ appeared first on DSNews. The post Study Shows Build-to-Rent Market in ‘Turbo Mode’ appeared first on Appraisal Buzz.

Marketing 370

Marketing Construction Appraisal 370

Lamacchia Realty

JUNE 21, 2021

The market has been anything but normal over the past year. As it starts to potentially slide back into its regular rhythm, buyers may find themselves in unfamiliar territory. For almost 12 months, the market inventory has been so low that buyers have become used to bidding wars. It was rare to find a properly priced home for sale that wasn’t receiving multiple over-asking offers after a mobbed open house.

Inspection 69

Inspection Buyers Inventory Sellers 69