Housing Wire

NOVEMBER 18, 2021

Mortgage rates strongly increased above 3% in the week ending November 18, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage hit 3.10%, up 12 basis points from 2.98% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.72%. Sam Khater, Freddie Mac’s chief economist, said the combination of rising inflation and consumer spending is driving mortgage rates higher.

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Appraisal Buzz

NOVEMBER 18, 2021

New tech deal signed to accelerate and enhance mortgage insurance accuracy for an efficient customer workflow. The post Essent and OpenClose Partner on MI Solution appeared first on theMReport.com. The post Essent and OpenClose Partner on MI Solution appeared first on Appraisal Buzz.

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Housing Wire

NOVEMBER 18, 2021

The advancement in digital mortgage has focused on delivering end-to-end digital solutions to improve the consumer experience. But even with this push to make a borrower’s life easier, systemic inequality still exists. HousingWire recently sat down with Joe Hallett, Fannie Mae’s Vice President – Digital Products Management, to discuss how Fannie Mae is leveraging technology to expand access to homeownership.

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Appraisal Buzz

NOVEMBER 18, 2021

After a torrid start to the year, home price appreciation will slow, and new construction will replenish the nation’s inventory in the second half of 2002. The post Balance to Return to the Housing Market appeared first on DSNews. The post Balance to Return to the Housing Market appeared first on Appraisal Buzz.

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Housing Wire

NOVEMBER 18, 2021

United Wholesale Mortgage (UWM) rolled out a new purchase product that will waive mortgage insurance payments if a borrower opts for a 10%-or-more down payment. But borrowers would be wise to note that they’ll get hit with higher interest rates. The product, dubbed “MI Buster,” will be available for conventional purchase loans starting at $200,000, as well as for high-balance loans with a loan-to-value ratio between 80.01% and 89.99%, according to a press release issued by the Pontiac, Mic

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Appraisal Buzz

NOVEMBER 18, 2021

A new analysis finds that higher rates will end stifle price growth, as new listings will hit a 10-year high in 2022. The post 10 Housing Predictions for 2022 appeared first on theMReport.com. The post 10 Housing Predictions for 2022 appeared first on Appraisal Buzz.

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Appraisal Buzz

NOVEMBER 18, 2021

In a month where housing supply dropped 12.7% nationally, the 1.3 months’ worth supply of homes recorded in October tied for second lowest in history. The post Record Low Inventory Drives Down October Home Sales appeared first on DSNews. The post Record Low Inventory Drives Down October Home Sales appeared first on Appraisal Buzz.

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Housing Wire

NOVEMBER 18, 2021

Securitizations backed by jumbo loans and mortgages on residential investment properties have propelled a rebounding private-label market in 2021. That gravy train, however, is expected to slow down some as we turn the corner into 2022 — with rising interest rates, spiking home prices and the expanding reach of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac serving as the brakes.

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Marketing Training Government Investing 370

Appraisal Buzz

NOVEMBER 18, 2021

RE/MAX reported that home sales declined 6.4% from September’s totals, nearly double the normal seasonal decline in sales to close the year. The post October Home Sales Experience Atypical Seasonal Decline appeared first on theMReport.com. The post October Home Sales Experience Atypical Seasonal Decline appeared first on Appraisal Buzz.

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Appraisal 195

Housing Wire

NOVEMBER 18, 2021

Mat Ishbia, president and CEO of United Wholesale Mortgage. Mat Ishbia and his family will slightly reduce their ownership of United Wholesale Mortgage (UWM), a step to make the company more attractive to long-term investors – and, hopefully, to leave behind the “meme stock” label, according to analysts who follow the wholesale lender.

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Appraisal Buzz

NOVEMBER 18, 2021

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.10%. “The combination of rising inflation and consumer spending is driving mortgage rates higher,” observes Sam Khater, Freddie Mac’s chief economist. “Shoppers looking to buy a home are fueling strong demand while ongoing inventory shortages are not improving in the presence of higher home prices.

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Eyes on Housing

NOVEMBER 18, 2021

The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2 to 4 unit properties) has shown weakness. For the third quarter of 2021, there were only 2,000 starts of such residences.

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Appraisal Buzz

NOVEMBER 18, 2021

Bringing two decades of IT and digital development experience to the table, Planet Home’s new CTO will drive innovation for the firm, positioning it for long-term growth. The post Dan Granieri to Lead Tech Efforts at Planet Home Lending appeared first on DSNews. The post Dan Granieri to Lead Tech Efforts at Planet Home Lending appeared first on Appraisal Buzz.

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GoForrmz

NOVEMBER 18, 2021

Digitize your retail checklists to improve daily operations and enhance the in-store experience for customers To ensure that your daily operations at your retail store are efficient and running smoothly, it is imperative that you have taken your paper checklists to digital. With digital checklists, you can guarantee that all stakeholders - managers, supervisors, and floor staff are working under the correct protocol and that expectations are consistently met.

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Appraisal Buzz

NOVEMBER 18, 2021

After dipping below the 3% mark last week, fixed-rate mortgages leapt forward to the 3.10% mark this week, on the strength of a rise in consumer spending and improvements in unemployment. The post Inflation and Consumer Spending Drive Mortgage Rates Upward appeared first on theMReport.com. The post Inflation and Consumer Spending Drive Mortgage Rates Upward appeared first on Appraisal Buzz.

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Appraiserblogs

NOVEMBER 18, 2021

The real estate industry has a square footage credibility problem. ANSI has been out since 1996 with no new pages added and very few changes. In a constantly changing industry with new home styles and designs, change is a requirement. We have to remember that ANSI was originally created to be simple enough for a teenager to understand. It’s a great basic tool but falls well short of solving the real estate industry’s square footage problems.

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Appraisal Buzz

NOVEMBER 18, 2021

Inflation is a key forecast concern for the economy, according to the November 2021 commentary from the Fannie Mae ’s Economic and Strategic Research (ESR) Group. The ESR Group’s expectations for inflation were upgraded meaningfully in the near term to average 6.2% on an annual basis in the fourth quarter. The forecast anticipates the recent price gains to begin to moderate over the coming quarters as temporary factors begin to wane, but the build-up of.

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Eyes on Housing

NOVEMBER 18, 2021

Sentiment on the production of new and occupancy in existing multifamily housing improved in the third quarter, according to the latest results from NAHB’s Multifamily Market Survey (MMS). The MMS produces two main indices. The Multifamily Production Index (MPI) increased five points from the previous quarter to 53, while the Multifamily Occupancy Index (MOI) also increased by five points, to.

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Empire Appraisal Group

NOVEMBER 18, 2021

© skodonnell – E+ / Getty Images. Cash-Out Refis Surge as Owners Use Equity Gains. With double-digit annual gains fueling homeowner wealth, owners have gotten richer, and they’re starting to take advantage of that added equity. Cash-out refinancing, which allows owners to take out a lump sum from their equity through loans, increased by 33% in October compared to a year prior, according to Black Knight Inc.

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Clear Capital

NOVEMBER 18, 2021

As of today, all Clear Capital ClearAVM reports are bigger and better than ever before! ClearAVM is an industry-leading, lending-grade AVM that provides reliable and accurate market value predictions. It uses machine learning to deliver values for 139+ million addresses across the U.S. and is designed for situations that demand highly-accurate and efficient results — home equity lending, portfolio valuation or review, and underwriting.

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BiggerPockets

NOVEMBER 18, 2021

Everyone knows that tech salaries tend to be on the higher end. In tech, you could be working as an engineer, programmer, or statistician, like today’s guest Matthew. But, Matthew […].

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Finance 72

Mashvisor

NOVEMBER 18, 2021

You may hear the word “conditional approval” early in the loan application process and question its meaning. What does it mean to have your mortgage application conditionally accepted?

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Quicken Loans

NOVEMBER 18, 2021

If you don’t have a large down payment, attractive loan options include 3% down conventional loans. These loans are for most borrowers – you don’t have to be in a specific income category or region. Here’s everything you must know about these low down payment loans. What Is A 3% Down Conventional Loan (Conventional 97 Loan)? The Conventional 97 Loan is a 3% down payment option for any borrower.

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Mashvisor

NOVEMBER 18, 2021

If you’re buying a house for the first time, then there are a number of common mistakes that you should be aware of in order to avoid.

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Investors Investing Real Estate Marketing 69

Quicken Loans

NOVEMBER 18, 2021

A VA loan is a loan available to veterans and active-duty service members that’s offered through the U.S. Department of Veterans Affairs (VA). It allows past or current service members and their surviving spouses to purchase a home with a low interest rate and a small or nonexistent down payment requirement. Did you know that members of the U.S. National Guard or Army Reserve can also qualify for VA loans?

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Eyes on Housing

NOVEMBER 18, 2021

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction in the third quarter of 2021 continued to show year-over-year construction increases. As housing demand has shifted to more suburban and exurban areas and housing affordability headwinds persist, medium-density construction lagged for much of 2020.

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