Housing Wire

JUNE 16, 2021

After three straight weeks of declines , mortgage applications increased 4.2% for the week ending June 11, 2021, according to the latest report from the Mortgage Bankers Association. Both purchase and refinance applications increased, with refinances notably up 5.5%, according to Joel Kan, the MBA’s vice president of economic and industry forecasting. “The jump in refinances was the result of the 30-year fixed rate falling for the third straight week to 3.11%, which is the lowest since ear

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Appraisal Buzz

JUNE 16, 2021

In today’s Buzzcast, we dive into market value versus sales price and how today’s wild market should be something all appraisers need to be up-to-date on. Today we have Nikki Smith, Chief Appraiser of Tucson Real Estate Appraisal, with Joan Trice, Founder of Allterra Group, LLC. They delve into a deep discussion regarding the two and how they impact where we are today in the market.

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Housing Wire

JUNE 16, 2021

HW+ offers a variety of member-exclusive benefits that are tailored to what housing professionals need to stay competitive and agile in today’s fast-paced market. To make sure you’re maximizing your HW+ membership, check out the following benefits that come with your membership. If you’re not a member yet, go here to join , or if you’re interested in getting access for your team, division or company, go here to learn more.

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Appraisal Buzz

JUNE 16, 2021

ATTOM’s May 2021 U.S. Foreclosure Market Report shows there were a total of 10,821 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank repossessions), which was down 8 percent from a month ago but up 23 percent from a year ago. Foreclosure starts, which represent the initial notice of default, grew by 36 percent year-over-year. “While the increase in foreclosure activity is significant, it’s important to keep these numbers in perspective,” says

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Housing Wire

JUNE 16, 2021

Pennsylvania-based Title Alliance Ltd. has added a second office in Washington, expanding its presence in the Pacific Northwest. The new branch in Tacoma, Washington will be added to Title Alliance’s family of joint ventures with Title Alliance Northwes t, which is a partnership with a Keller Williams Realty franchise. Jim Campbell, Title Alliance chief executive officer, said the company wanted to continue growth in Washington thanks to the state’s unprecedented level of industry ac

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Appraisal Buzz

JUNE 16, 2021

A new report from Redfin shows that 70.4% of home offers written by Redfin agents in May faced a bidding war – down from 73.6% in April but still up significantly from 52.7% in May 2020. Competition typically tapers in the early summer following spring home-buying season, so seasonality may be contributing to the dip in the May bidding-war rate, Redfin says.

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Appraisal Buzz

JUNE 16, 2021

Radian Group Inc. and Mortgage Cadence, an Accenture company, have launched an expanded integration to include Radian’s title and settlement services provided by Radian Settlement Services Inc., within the Mortgage Cadence platform. Through the enhanced Radian integration, Mortgage Cadence clients can now access Radian’s suite of insured and non-insured title and settlement services via Mortgage Cadence’s Collaboration Center, in addition to Radian’s mortgage insurance services.

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GoForrmz

JUNE 16, 2021

Elevate your digital forms and data capture with these powerful features Whether you've just uploaded your first form to the GoFormz form editor or your entire form collection is already digital, these five features can take your digital forms and data capture further. Dynamic Field Properties Your form fields can be easily configured to guide user data entry and enforce data capture rules.

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Appraisal Buzz

JUNE 16, 2021

Despite the housing market experiencing a minor slowdown, Redfin agents are reporting competition remaining moderately fierce for the short supply available. The post Bidding Wars Linger as Housing Market Decelerates appeared first on DSNews. The post Bidding Wars Linger as Housing Market Decelerates appeared first on Appraisal Buzz.

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Urban

JUNE 16, 2021

The inequities Black families experience in the Twin Cities illustrates the larger systemic barriers surrounding race and opportunity in the United States.

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Appraisal Buzz

JUNE 16, 2021

Agents are reporting a market cooling with the onset of summer, yet bidding wars remain hot for the limited number of listings. The post Competitive House Hunters Remain on the Prowl appeared first on theMReport.com. The post Competitive House Hunters Remain on the Prowl appeared first on Appraisal Buzz.

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GoForrmz

JUNE 16, 2021

We have just released an exciting new update to our Template Editor, making it easier than ever to configure your Template’s List View What is List View ? Two viewing modes can be used to fill out your digital forms: Form View and List View. List View is a small-screen optimized viewing mode that can be easily configured in the GoFormz Template Editor.

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Appraisal Buzz

JUNE 16, 2021

After three weeks of declines, mortgage applications have reversed course, with rates still lingering in the 3% range, breathing life into the purchase and refi markets. The post Purchase and Refi Apps Rebound appeared first on theMReport.com. The post Purchase and Refi Apps Rebound appeared first on Appraisal Buzz.

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Urban

JUNE 16, 2021

Data show that flat-out rejection of buyers seeking government-backed loans disadvantages households with lower incomes, lower credit scores, and less wealth, many of whom are people of color.

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Appraisal Buzz

JUNE 16, 2021

Mortgage rates were already drifting higher in the first half of the week, but that was nothing compared to today. This afternoon’s Fed Announcement was certainly on the radar as a potential source of volatility. Needless to say, it delivered. But how much did it deliver, exactly, and why? There’s a fairly prevalent misconception that the Fed sets/changes mortgage rates directly.

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Eyes on Housing

JUNE 16, 2021

After three straight weeks of declines, mortgage activity in the latest week rebounded, as shown in the Mortgage Bankers Association’s latest Weekly Application Surveys, increasing over 4 percent last week. Both purchase and refinance applications were up, including a 5.5 percent gain in refinances. The jump in refinances was the result of the 30-year fixed rate falling for the third.

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Appraisal Buzz

JUNE 16, 2021

Researchers report that demand for more space and outdoor amenities, largely from older millennials, continues to place upward pressure on the market. The post Single-Family Rent Price Growth Accelerates appeared first on DSNews. The post Single-Family Rent Price Growth Accelerates appeared first on Appraisal Buzz.

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GoForrmz

JUNE 16, 2021

Integrate your GoFormz digital forms with Autodesk Build We are thrilled to announce that our integration with Autodesk Build, part of the Autodesk Construction Cloud® platform, is now available. “ GoFormz and Autodesk Build provide complementary solutions which can be leveraged to accomplish incredible efficiency improvements for construction teams of all disciplines.

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Appraisal Buzz

JUNE 16, 2021

A&D Mortgage and Imperial Fund have closed their second standalone securitization post-pandemic, for non-QM loans originated and serviced by A&D Mortgage. S&P and DBRS Morningstar rated the securitization. “With the backing of securitization, A&D Mortgage is a market driver in the non-QM arena,” says company founder Max Slyusarchuk. “We have the ability to create our own products, allowing us to serve more people and communities.

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Simonson Real Estate

JUNE 16, 2021

The role of the appraiser is to provide objective, impartial, and unbiased opinions about the value of real property—providing assistance to those who own, manage, sell, invest in, and/or lend money on the security of real estate. Here are a few things that highlight the items important to prepare an accurate and reasonable appraisal. When appraisers send a request for information, we are trying to step in and gain a great understanding of the property and nuances associated with it.

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Appraisal Buzz

JUNE 16, 2021

As forbearance programs begin to end, understanding consumer resilience will help both lenders and consumers. The post Expert Insights: Recognizing Resilience appeared first on theMReport.com. The post Expert Insights: Recognizing Resilience appeared first on Appraisal Buzz.

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Valuation Review

JUNE 16, 2021

CoreLogic released its Home Price Index and HPI Forecast for April 2021. Sparse inventory and high demand placed upward pressure on home prices, creating challenges across generations as buyer preferences shift, the reports said. Read on to learn more.

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Appraisal Buzz

JUNE 16, 2021

Martin “Marty” Foster, a 35-year veteran in the mortgage banking industry, has joined the company as SVP of Servicing Operations. The post Bank, Subservicer Cenlar Appoints New SVP appeared first on DSNews. The post Bank, Subservicer Cenlar Appoints New SVP appeared first on Appraisal Buzz.

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BiggerPockets

JUNE 16, 2021

The concept of being a landlord sounds simple enough: Purchase a property, find trustworthy tenants, sign a lease agreement, and sit back and watch the rent come in. Unfortunately, the […].

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Appraisal Buzz

JUNE 16, 2021

Through a number of new initiatives, JPMorgan Chase is seeking to promote housing stability, and improve homeownership opportunities in an effort to close the housing affordability divide. The post JPMorgan Chase Commits to Housing Affordability for Black and Latinx Households appeared first on theMReport.com. The post JPMorgan Chase Commits to Housing Affordability for Black and Latinx Households appeared first on Appraisal Buzz.

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Valuation Review

JUNE 16, 2021

The Louisiana Real Estate Appraisers Board has agreed to stop fixing compensation levels for residential real estate appraisal services as part of a settlement reached with the Federal Trade Commission (FTC). The FTC alleged that the board’s conduct violated federal antitrust law. Read on for more details surrounding this decision.

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Appraisal Buzz

JUNE 16, 2021

“There is a strong desire for homeownership across this country, but the lack of supply is preventing too many Americans from achieving that dream,” says one economist weighing in on a new report. The post Exploring Solutions to the Nation’s ‘Dire’ Housing Lack appeared first on DSNews. The post Exploring Solutions to the Nation’s ‘Dire’ Housing Lack appeared first on Appraisal Buzz.

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Valuation Review

JUNE 16, 2021

Sedgwick, a global provider of technology–enabled risk, benefits and integrated business solutions, has acquired regional automotive appraisal companies Automotive Damage Appraisers of the Southwest (ADASW) and Metro Appraisal, according to a press release. Read on for more information.

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Appraisal Buzz

JUNE 16, 2021

The latest research shows it will “require a major national commitment to build more housing of all types.” The post Overcoming Housing’s Acute Inventory Shortage appeared first on theMReport.com. The post Overcoming Housing’s Acute Inventory Shortage appeared first on Appraisal Buzz.

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Valuation Review

JUNE 16, 2021

Radian Group Inc. recently announced that Brian Montgomery has rejoined its board of directors following the completion of his second tenure at the U.S. Department of Housing and Urban Development (HUD), most recently serving as the deputy secretary of HUD, according to a press release. Read on for more information.

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BiggerPockets

JUNE 16, 2021

Joint ventures allow their members to share in both risk and reward. Here's what real estate investors should know before signing an agreement with a potential partner.

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Valuation Review

JUNE 16, 2021

Valuation Connect, an appraisal management company and division of Mortgage Connect LP, recently appointed Shawn Murphy as its executive vice president of traditional appraisal operations, according to a release. Read on for more about Murphy’s assignment.

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Quicken Loans

JUNE 16, 2021

If you’re a disabled veteran, you may be aware of the many benefits that you qualify for through the Department of Veterans Affairs. However, many veterans are unaware of the fact that they may qualify for reduced , VA-backed loans and property taxes as a result of their disability. By presenting your benefits letter with the rest of your VA loan documentation, you’ll also be exempt from paying the VA funding fee on your VA purchase or loan refinance.

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Mashvisor

JUNE 16, 2021

Short-term rental hosts in Toledo, Ohio may soon require a permit to legally operate in the city as part of new Airbnb regulations.

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