Housing Wire
OCTOBER 14, 2021
Young people make up a smaller share of recent homebuyers than in previous years most likely due to the increased market activity of baby boomers, a new Zillow report published on Thursday found. It’s hardly breaking news that the demand for housing has drastically increased over the past 18 months, but the report suggests that this has more to do with demographic trends than the pandemic.
Appraisal Buzz
OCTOBER 14, 2021
Longtime homeowners who can tap equity gains have an advantage over younger homebuyers who are often bidding for their first home, and are unable to include as much cash in their offers. The post Boomers Are Winning the Housing War appeared first on theMReport.com. The post Boomers Are Winning the Housing War appeared first on Appraisal Buzz.
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Housing Wire
OCTOBER 14, 2021
The average 30-year-fixed mortgage rose seven basis points to 3.05% for the week ending Oct. 14, to its highest level since April, according to Freddie Mac’s latest PMMS survey of mortgage rates. Two weeks ago, rates rose 13 basis points to 3.01%, eclipsing the 3% mark for the first time since June. However, last week, rates fell to 2.99%. Mortgage rates typically move in tandem with the 10-year U.S.
Cleveland Appraisal Blog
OCTOBER 14, 2021
When baking, there are different ingredients that are used that will make the dough rise. Typically, yeast is the ingredient used to make bread rise. How does yeast work? Here’s a little video to explain how. Interestingly, yeast is not the only ingredient that can cause the dough to rise. For instance, sourdough. Sourdough is fermented dough, thus the name sourdough.
Housing Wire
OCTOBER 14, 2021
Sales of reperforming loans nosedived in 2020 as the pandemic took root in America, but sales volume appears to have recovered with vigor, based on an analysis of RPL offerings for government-sponsored enterprise Fannie Mae. The GSE earlier this month announced its 23rd sale of reperforming loans, which are defined by Fannie Mae as mortgages that were previously delinquent but are performing again because payments have become current — with or without the use of a modification plan.
Appraisal Buzz
OCTOBER 14, 2021
A new industry survey reveals where homebuyers feel confident about the process, where they don’t, and even what percent of the surveyed would purchase an allegedly haunted house if the price was right. The post How Much Homebuyers Know About Homebuying appeared first on theMReport.com. The post How Much Homebuyers Know About Homebuying appeared first on Appraisal Buzz.
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Appraisal Buzz
OCTOBER 14, 2021
The first bits of foreclosure data are starting to come through after the federal government’s foreclosure moratorium expired July 31 and the numbers are not as bad as some experts were predicting at the start of the moratorium. ATTOM, a real-estate data company, released its Q3 2021 U.S. Foreclosure Market Report, which showed there were a total of 45,517 properties with foreclosure filings—default notices, scheduled auctions or … The post Foreclosures Tick Up After Moratorium Ends appea
Housing Wire
OCTOBER 14, 2021
Wells Fargo originated $51.9 billion worth of mortgages in the third quarter, down slightly from $53.2 billion in the previous quarter. The depository’s retail business made up most of its origination volume from July to September, coming in at $32.5 billion, while the correspondent channel produced $16.7 billion worth of mortgages. Despite earlier reports in the mortgage industry that refis were waning , Wells Fargo’s third quarter results revealed that 55% of their origination business was ref
Appraisal Buzz
OCTOBER 14, 2021
Mortgage lender completes pilot program of accepting cryptocurrency mortgage payments from borrowers, and evaluating the use of blockchain technology in the future. The post UWM Tests Crypto Mortgage Payments appeared first on theMReport.com. The post UWM Tests Crypto Mortgage Payments appeared first on Appraisal Buzz.
Eyes on Housing
OCTOBER 14, 2021
The NAHB/Royal Building Products Remodeling Market Index (RMI) for the third quarter posted a reading of 87, up five points from the third quarter of 2020. The reading is a sign of positive residential remodeler sentiment for projects of all sizes.
Appraisal Buzz
OCTOBER 14, 2021
There are lots of things new homebuyers are afraid of—like money, the perfect location, or schools—but a new survey by Ally Home found that only 53% of buyers felt confident in their knowledge of the homebuying process. “Homes are a huge investment, so the purchasing process can feel daunting, especially for first-time buyers,” said Glenn Brunker, president of Ally Home. “From navigating fluctuations in home … The post Spooky Ghosts Aren’t The Only Things Frightening Hom
Eyes on Housing
OCTOBER 14, 2021
Prices paid for goods used in residential construction ex-energy decreased 0.8% in September (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The decrease was largely driven by lower lumber and concrete products prices and was the second monthly decline since the start of the last recession.
Appraisal Buzz
OCTOBER 14, 2021
Younger buyers are comprising a smaller share of the market than in previous years, as first-time home shoppers are being ousted by demand from repeat baby boomer buyers. The post Who Is Squeezing Millennials Out of the Market? appeared first on DSNews. The post Who Is Squeezing Millennials Out of the Market? appeared first on Appraisal Buzz.
GoForrmz
OCTOBER 14, 2021
Streamline the collection of child care information, parent/guardian contact information, daycare documentation, and permissions, with digital forms and online form sharing Digital daycare enrollment forms provide daycare centers with an efficient, seamless way of collecting child care information and parent/guardian permissions. Daycare centers can easily digitize their existing paper forms or build a form from scratch within the GoFormz Template Editor and embed their online form on their webs
Appraisal Buzz
OCTOBER 14, 2021
DS News digs deeper into a recent California Court of Appeals finding could give loan servicers the ability to “clean up” any violations before going to sale. The post California Court Revisits Homeowner’s Bill of Rights appeared first on DSNews. The post California Court Revisits Homeowner’s Bill of Rights appeared first on Appraisal Buzz.
BiggerPockets
OCTOBER 14, 2021
The Supreme Court ruling to end the moratorium on evictions appears to be a small sign that the rental market is returning to normal following the chaos of the COVID-19 […].
Appraisal Buzz
OCTOBER 14, 2021
Freddie Mac ’s Primary Mortgage Market Survey results show that the 30-year fixed-rate mortgage (FRM) averaged 3.05%. “The 30-year fixed-rate mortgage rose to its highest point since April,” explains Sam Khater, Freddie Mac’s chief economist. “As inflationary pressure builds due to the ongoing pandemic and tightening monetary policy, we expect rates to continue a modest upswing.”.
BiggerPockets
OCTOBER 14, 2021
Marching along Bourbon Street last week was a parade with some of the best real estate investors in the world, celebrating another successful BPCon, ready to take on the world. […].
Appraisal Buzz
OCTOBER 14, 2021
Refinancing again dominated mortgage originations in August after falling below a 50 percent market share in both June and July. ICE Mortgage Technology’s Origination Insight Report put the refinancing share of closed transactions at 52 percent, up from 49 percent in July and 48 percent in June. Purchase loans dipped three percentage points from July to 47 percent of closed loans.
Lamacchia Realty
OCTOBER 14, 2021
The 2021 Lamacchia Realty President’s Club has a new qualifier, Cyndi Deshaies ! This is Cyndi’s first year qualifying for the distinction, having had over 33 transactions already this year! Cyndi is well known in the Leominster office and throughout the company for being kind, genuine, patient, and dedicated to her clients. Earlier this year, not even TWO broken ankles could keep Cyndi from being there for her buyers and sellers when they needed her.
Appraisal Buzz
OCTOBER 14, 2021
Susan Hartsock of Origence takes a look at how the mortgage industry can take advantage of the same techniques and digital processes that other industries have, and offer the same high levels of satisfaction. The post Leveraging Strategic Integrations appeared first on theMReport.com. The post Leveraging Strategic Integrations appeared first on Appraisal Buzz.
Mortgagebroker News
OCTOBER 14, 2021
It remains to be seen whether proposed tweaks can revive the much-maligned federal program
Appraisal Buzz
OCTOBER 14, 2021
As new EVP and Head of Guaranteed Rate Insurance, 30-plus year industry vet will lead a team of more than 200 insurance professionals and focus on organic growth, and mergers and acquisitions. The post Jeff Wingate Named EVP of Guaranteed Rate Insurance appeared first on DSNews. The post Jeff Wingate Named EVP of Guaranteed Rate Insurance appeared first on Appraisal Buzz.
Magnusson Group
OCTOBER 14, 2021
Electronic Signup for Entry Numbers. If you have questions about the signup process for one of our sales, please watch the accompanying video tutorial prior to calling our office for assistance. Sign Me Up For This Sale! Friday, November 5th: 9am-3pm. Saturday, November 6th: 9am-3pm. Entry numbers for the sale will be offered beginning at noon on November 4th on a first-come first-serve basis.
Appraisal Buzz
OCTOBER 14, 2021
There are lots of things new homebuyers are afraid of—like money, the perfect location, or schools—but a new survey by Ally Home found that only 53% of buyers felt confident in their knowledge of the homebuying process. “Homes are a huge investment, so the purchasing process can feel daunting, especially for first-time buyers,” said Glenn Brunker, president of Ally Home. “From navigating fluctuations in home … The post Survey Finds 1-in-2 Understand the Homebuying Proces
Assurance Financial
OCTOBER 14, 2021
Total Expert Accelerate 2021. Featuring Assurance Financial Cheif Digital Officer, Katherine Campbell. CDO Katherine Campbell joined Total Expert’s Chief Product Officer Matt Tippets on the “Game Changers Panel” at Accelerate 2021. Accelerate, organized by Total Expert, is a global customer conference that brings Total Expert, partners, and technology alliances together for two days of innovation, learning, and networking.
Appraisal Buzz
OCTOBER 14, 2021
Eclipsing the 3% mark for the first time since April, fixed-rate mortgages hit 3.05% this week, with inflationary pressure building due to lingering pandemic issues, and a constricting monetary policy. The post Mortgage Rates Rise to Six-Month High appeared first on theMReport.com. The post Mortgage Rates Rise to Six-Month High appeared first on Appraisal Buzz.
Mortgagebroker News
OCTOBER 14, 2021
Lender says proceeds to be used for “general corporate purposes”
Appraiserblogs
OCTOBER 14, 2021
Brian Stevens of NREP questions why no evidence has been put forward to support systemic racism in appraising. He proposes that a comprehensive non-partisan study of the industry be conducted before labeling an entire industry with easy and cheap terms like “systemic” So we have all heard the story about systemic racism in residential appraising.
Mortgagebroker News
OCTOBER 14, 2021
The firm announces introduction of five- and 10-year CMHC-insured mortgages
Housing Wire
OCTOBER 14, 2021
As Congress haggles over funding for the social infrastructure package, a Senate Democrat who chairs the Senate Finance Committee promised a key housing provision will make the cut. Sen. Ron Wyden of Oregon, a Democrat, told attendees of a Housing Oregon virtual conference on Friday that the committee he chairs had an “enormous interest” in the Neighborhood Homes Investment Act.
Mortgagebroker News
OCTOBER 14, 2021
The new exec says mortgage technologies are “overdue for innovation”
Mortgagebroker News
OCTOBER 14, 2021
On the other hand, single unit and institutional construction are thriving
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