Housing Wire

OCTOBER 22, 2021

Real estate investors are buying more properties, but paying less for them, according to a report from RealtyTrac released Thursday based on ATTOM Data Solutions home sales data. In the second quarter of 2021, investor purchases accounted for 15.4% of all home purchases nationwide, compared with 11.5% of all home purchases a year prior. Despite such a large year-over-year change, it is still slightly lower than Q1 2021 , in which investors held 15.9% of the market.

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Appraisal Buzz

OCTOBER 22, 2021

The national delinquency rate has fallen below 4.0 percent for the first time since COVID-19 started messing up the world. Black Knight, in its “first look” at September’s mortgage performance data, says the rate in September, 3.91 percent, represents a reduction of more than 41 percent from September of 2020 and is 2.25 percent below the August level.

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Housing Wire

OCTOBER 22, 2021

Attorney General Merrick Garland. The Department of Justice , the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau are teaming up in a new initiative to combat redlining. The Civil Division of the DOJ will partner with U.S. Attorneys offices in its “most aggressive and coordinated effort” yet, Attorney General Merrick Garland said. “Much has changed since the federal government engaged in Depression-era redlining, but discriminatory lending

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Appraisal Buzz

OCTOBER 22, 2021

Buying a home is typically the largest purchase one makes in their lifetime and new data from Bank of America shows that the locations and feelings of family are a huge factor for first-time buyers looking to get into the market. According to Bank of America’s 2021 Homebuyer Insight report—which puts first-generation homeowners in the spotlight—found that families play … The post Prospective Buyers Cite Down Payment, High Prices as Barriers appeared first on DSNews.

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Housing Wire

OCTOBER 22, 2021

The private label securitization market so far this year has been dominated by mortgages originated primarily by nonbanks, but there is a growing pipeline of mortgages now held in bank portfolios that might provide a rocket-like boost to the nonagency market in the months ahead if interest rates continue to rise. Market observers interviewed by HousingWire and industry data seem to support that premise, but only time will tell if that private-label rocket launch materializes.

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Appraisal Buzz

OCTOBER 22, 2021

Buying a home is typically the largest purchase one makes in their lifetime and new data from Bank of America shows that the locations and feelings of family are a huge factor for first-time buyers looking to get into the market. According to Bank of America’s 2021 Homebuyer Insight report—which puts first-generation homeowners in the spotlight—found that families play … The post Family Is an Important Factor for First-Time Homebuyers appeared first on theMReport.com.

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Appraisal Buzz

OCTOBER 22, 2021

Citing the need to closely monitor foreclosure numbers after the Federal Foreclosure Moratorium expired in July, Black Knight has revealed a “first-look” at its data for September 2021. According to the preliminary release, the national delinquency rate fell to 3.91% in September, down 2.3% from August and 41.3%. This is the first time delinquency rates have been below 4% in the last … The post Foreclosure Starts Reverse Course in September appeared first on DSNews.

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Housing Wire

OCTOBER 22, 2021

Twenty affordable housing groups teamed up to tell the Federal Housing Finance Agency (FHFA) its requirements for the government sponsored enterprises to support manufactured and rural housing, and preserve affordable housing don’t make the grade. The coalition, dubbed the “Underserved Mortgage Markets Coalition,” includes the Center for Community Progress , the National Housing Conference , the National Council of State Housing Agencies , the National Community Stabilization Trust a

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Appraisal Buzz

OCTOBER 22, 2021

Rohit Chopra will testify before the Senate Committee on Banking and provide an update on the latest actions the Bureau is taking to protect the nation’s consumers. The post The Week Ahead: New CFPB Chief to Deliver Report to Congress appeared first on DSNews. The post The Week Ahead: New CFPB Chief to Deliver Report to Congress appeared first on Appraisal Buzz.

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Housing Wire

OCTOBER 22, 2021

The appraisal industry’s lack of diversity — in terms of age, gender and ethnicity — and the growing number of appraisers exiting the profession as they reach retirement age have been well-documented issues. But now that the industry is keenly aware of these problems, what can be done to turn awareness into action to effect positive change for the next generation of appraisers?

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Appraisal Buzz

OCTOBER 22, 2021

ATTOM, a national property database company, has released its special Q3 Coronavirus Report highlighting county-level data from housing markets across the country that are vulnerable to damage from the ongoing pandemic which is still affecting the real estate markets. The report found that of the-50 top counties that were found to be most vulnerable, over half were located in Delaware, Illinois, and New Jersey.

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Housing Wire

OCTOBER 22, 2021

This week’s HW+ spotlight features Karen Mayfield, head of National Retail Sales at Wyndham Capital Mortgage. In her role, Mayfield is tasked with expanding on the company’s digital roots into the retail mortgage environment. With more than two decades in the industry, Mayfield most recently served as a division lending executive at Citi , where she oversaw up to four of Citi’s six markets.

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Loan Officers Retail Mortgage Tools 383

Appraisal Buzz

OCTOBER 22, 2021

An upcoming virtual session from the Joint Center for Housing Studies of Harvard University will examine how renters responded to the financial hardships brought upon by COVID-19. The post The Week Ahead: The Pandemic’s Impact on the Rental Market appeared first on theMReport.com. The post The Week Ahead: The Pandemic’s Impact on the Rental Market appeared first on Appraisal Buzz.

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Eyes on Housing

OCTOBER 22, 2021

Home building, like other U.S. industries, has been dealing with the supply side challenges of labor and material shortages. Unlike other industries, however, home builders confront an additional challenge in obtaining lots on which to build. In a recent NAHB survey, 76 percent of builders reported that the overall supply of developed lots in their areas was low to very.

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Appraisal Buzz

OCTOBER 22, 2021

Bill Maguire of Freddie Mac discusses new innovations in default management technology that are removing barriers and creating a new age of instantaneous workout decisions. The post A New Way to Resolve Mortgage Relief appeared first on theMReport.com. The post A New Way to Resolve Mortgage Relief appeared first on Appraisal Buzz.

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GoForrmz

OCTOBER 22, 2021

Digital data capture enables telecommunication companies to streamline workflows from end-to-end, improving customer satisfaction The GoFormz platform provides various telecommunication teams and their clients with a highly professional, efficient way of communicating. Check out these three ways digital data capture can enhance your telecom workflows: Automate your workflow end-to-end with Automated Workflows GoFormz workflows process incoming data and move it between integrated business systems

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Appraisal Buzz

OCTOBER 22, 2021

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership ?

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Appraisal Real Estate 195

BiggerPockets

OCTOBER 22, 2021

A few weeks ago, Mindy was asked by a listener of BiggerPockets Money, “when are you going to do a Finance Friday follow-up?” Well, listener, your wish has come true! […].

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Finance 69

Lamacchia Realty

OCTOBER 22, 2021

Lisa Hayford has officially qualified for the 2021 President’s club by surpassing $16,000,000 in sales volume! This is Lisa’s first time reaching this amazing distinction and we could not be more proud of her! Lisa joined Lamacchia Realty’s Beverly office in the Fall of 2020 bringing her vast knowledge of the industry and area with her, making her incredibly valuable to her clients, both in the North Shore and Southern New Hampshire.

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BiggerPockets

OCTOBER 22, 2021

We’d all like to imagine that Ashley Kehr and Tony Robinson are perfect investors. They do perfect deals, have a perfect team, and everything runs smoothly in their lives. While […].

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Investors Real Estate 63

Mashvisor

OCTOBER 22, 2021

A home offer is a written contract signed by the buyer and the seller as a consensus to show that both parties agreed to conclude a transaction.

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Sellers Legal Contracts Buyers 69

Mortgagebroker News

OCTOBER 22, 2021

A $425 million tranche was sold to accredited investors in Canada and qualified institutional buyers in the United States

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Investors Buyers 64

Mashvisor

OCTOBER 22, 2021

When buying a home, it’s most likely you’ll always come across properties connected to the municipal sewer system.

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Transportation Investing Investors 68

Mortgagebroker News

OCTOBER 22, 2021

CIBC World Markets deputy chief economist on the BoC’s likely response to surging inflation

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Marketing 69

Clear Capital

OCTOBER 22, 2021

Story by Georgia Kromrei for HousingWire. During a panel on residential appraisals, experts posed technology as a way to make appraisals more efficient and less subjective, as regulators take steps to understand and counteract bias. But tech adoption in appraisal might face an uphill climb. Appraisers themselves — and the regulatory standards they are held to — stand in the way of tech adoption, said Lyle Radke, director of collateral policy at Fannie Mae, during a panel hosted by the Mortgage B

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Mortgagebroker News

OCTOBER 22, 2021

The largest increases were seen in markets experiencing sustained low active listings

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Marketing 69

Housing Wire

OCTOBER 22, 2021

Austin-based mortgage tech platform UpEquity raised $50 million in a Series B funding round led by the venture capital firm S3 Ventures. The funding will support the company’s growth as UpEquity forecasts more than $1 billion in originations over the next 12 months. The funding consists of $20 million in equity and $30 million in debt, UpEquity said in a statement.

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Investors Contracts Buyers Mortgage 406

Mortgagebroker News

OCTOBER 22, 2021

The company’s director of broker relations tells CMP what sets it apart in the space

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Cleveland Appraisal Blog

OCTOBER 22, 2021

When you looked at your email today, you no doubt received a post indicating a new article was out entitled “How Remaining Economic Life Works” So, funny story… I just started working on that article. Whilst attempting to set the publish date, I accidentally hit the publish now button. Awkward! I do hope it whets your appetite for this future article.

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Home Improvement Appraisal Renovations Modernization 221

Appraisal Buzz

OCTOBER 22, 2021

Existing-home sales rebounded in September after seeing sales wane the previous month, according to the National Association of Realtors (NAR). Each of the four major U.S. regions witnessed increases on a month-over-month basis. From a year-over-year timeframe, one region held steady while the three others each reported a decline in sales. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 7% from August to a seasonally ad

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Realtors Appraisal 195

McKissock

OCTOBER 22, 2021

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership ?

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Appraisal Real Estate Legal Development 84

Appraisal Buzz

OCTOBER 22, 2021

Housing starts continued to disappoint in September, decreasing 1.6% compared with August to an annual pace of 1.555 million, according to estimates from the U.S. Census Bureau and U.S. Department of Housing and Urban Development. Year-over-year, housing starts were up 7.4%. Starts of single-family, detached homes were at an annual rate of 1.08 million, flat compared with August.

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Hank Miller Team

OCTOBER 22, 2021

What happens if there was a murder in a home we bought? Well in Georgia, unless the buyer specifically asked the seller about this during due diligence, nothing happens. Georgia is a buyer beware state and there are no requirements for homeowners or brokers to volunteer this and other information. Violent crimes, suicides, natural deaths, drug labs.if the buyer doesn't ask, the seller isn't required to tell.

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Sellers Transportation Law Buyers 52

Appraisal Buzz

OCTOBER 22, 2021

Alongside affordable housing advocates, and in testimony to Congress, Rep. Maxine Waters continues to address the affordable housing component of the Biden Administration’s Build Back Better Act. The post Continuing the Congressional Push for Equitable Housing appeared first on theMReport.com. The post Continuing the Congressional Push for Equitable Housing appeared first on Appraisal Buzz.

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