Housing Wire
JULY 28, 2021
The 2021 RealTrends Gathering of Eagles real estate conference captured our attention when the role and future of the real estate transaction process for a homebuyer were lively debated. Big players such as Zillow, Redfin, Compass… etc. claim dominance. We examine the need for complete vendor-provided software solutions vs. building in-house. We watch as consolidation transpires all-around.
Appraisal Buzz
JULY 28, 2021
The shift to an all-digital, online and “contactless” mortgage process – propelled by the pandemic – has forever altered borrowers’ expectations. While there will always be a need for human interaction in the mortgage process, the industry is gradually shifting toward automating as many pieces of the process as possible. This means borrowers are now evaluating lenders on two fronts: The quality of the live human interaction they provide and how well their technology.
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Housing Wire
JULY 28, 2021
Loan officers’ wallets slightly deflated in the second quarter, with commissions earned per LO decreasing by 6% year-over-year, according to LBA Ware ’s quarterly loan compensation report. Loan volume per LO also took a dive of 4%. The reason? Lenders have more LOs these days. “That meant that LOs had to share the loans a little bit,” said Lori Brewer, founder and CEO of LBA Ware.
Appraisal Buzz
JULY 28, 2021
Despite a surge in volume, loan originator commissions dropped in the second quarter of 2021. The post LO Commissions Down in Q2 appeared first on theMReport.com. The post LO Commissions Down in Q2 appeared first on Appraisal Buzz.
Housing Wire
JULY 28, 2021
Digital lending and cloud banking startup Blend Labs has launched Blend Impact , a program focused on increasing access and equity in housing and financial services with Blend’s nonprofit partners. Blend Impact’s first leg, the Equitable Ecosystem Initiative, was soft-launched last year and gave free access of its platform — in multiple languages — to Minority Depository Institutions (MDI) and community development financial institutions.
Appraisal Buzz
JULY 28, 2021
The bureau says this innovation will expedite allocation of much-needed rental assistance funds as the eviction-ban expiration approaches. The post CFPB Tool Supports Struggling Households, Property Owners appeared first on theMReport.com. The post CFPB Tool Supports Struggling Households, Property Owners appeared first on Appraisal Buzz.
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Appraisal Buzz
JULY 28, 2021
In today’s Buzzcast, we dive into the Legal and Accounting presentation of our Business Building Workshop being held at Valuation Expo on September 8th. Today we have the host, Peter Christensen, Owner of Christensen Law Firm, with Joan Trice, Founder of Allterra Group, LLC. Peter Christensen is one of the hosts within the Business Building Workshops and we’ll be getting the inside scoop on growing and understanding the legal structure of your business.
Housing Wire
JULY 28, 2021
This content is password protected. To view it please enter your password below: Password: The post Protected: Here’s how to buy your dream home in a competitive market appeared first on HousingWire.
Appraisal Buzz
JULY 28, 2021
The Consumer Financial Protection Bureau published an issue brief showing that consumer applications for auto loans, new mortgages and revolving credit cards had mostly returned to pre-pandemic levels by May 2021. Prime and near-prime consumers are driving this recovery as applications remain down from borrowers with subprime and deep subprime for all types of credit and, for borrowers with superprime credit scores, applications are down for all types of credit but mortgages.
Housing Wire
JULY 28, 2021
As was alluded to in June, the FHA late last week published a fully revised version of their “waterfall” loss mitigation options for borrowers coming to the end of their forbearance period. In order to streamline the process, the administration is scrapping their old waterfall framework and is instead providing two options for servicers processing borrowers coming out of forbearance: a COVID-19 recovery standalone partial claim for borrower who can resume making payments on their mortgage, and a
Appraisal Buzz
JULY 28, 2021
This content is password protected. To view it please enter your password below: Password: The post Protected: Velox Valuations Appraiser Team is Expanding Across the U.S.! appeared first on Appraisal Buzz.
Housing Wire
JULY 28, 2021
Mortgage applications increased 5.7% for the week ending July 23, mostly on the back of fast-falling mortgage rates. The 10-year Treasury yield went into free fall last week, as investors grew concerned about the rise in COVID-19 variant cases and the potential economic fallout, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting.
Appraisal Buzz
JULY 28, 2021
After a down week, mortgage application volume is on the rise, with sub-3% rates powering refi volume as more and more are taking advantage of record-low rates. The post Refis Spur Rise in Mortgage Apps appeared first on theMReport.com. The post Refis Spur Rise in Mortgage Apps appeared first on Appraisal Buzz.
Housing Wire
JULY 28, 2021
RentPath , a Redfin company, has appointed former ParkMobile CEO Jon Ziglar as chief executive officer, effective August 16. Ziglar will oversee the integration of RentPath’s rental listings onto Redfin’s main site, while working with both property managers and consumers, according to Glenn Kelman, Redfin’s CEO. Rental listings from RentPath should be displayed on Redfin.com in late 2022, the company said. “Hiring a CEO of Jon’s caliber is a major commitment from Re
Appraisal Buzz
JULY 28, 2021
About 16% of Americans who rent say they are behind on rent, according to a Consumer Financial Protection Bureau (CFPB) analysis of Census Household Pulse Survey data from June 23–July 5. And while the federal government has distributed some $46 billion in rental assistance to tenants and landlords across all 50 states plus D.C., that … The post CFPB: ‘Rental Assistance Finder’ Serves Landlords appeared first on DSNews.
Housing Wire
JULY 28, 2021
This content is password protected. To view it please enter your password below: Password: The post Protected: Let’s crunch the numbers! A workshop on closing costs and what you can afford monthly appeared first on HousingWire.
Appraisal Buzz
JULY 28, 2021
House prices rose nationwide in May, up 1.7 percent from the previous month, according to the Federal Housing Finance Agency’s (FHFA) latest House Price Index (HPI). House prices rose 18 percent from May 2020 to May 2021. The previously reported 1.8 percent price change for April 2021 was unrevised. For the nine census divisions, seasonally adjusted monthly house price changes from April 2021 to May 2021 ranged from +1.0 percent in the Middle Atlantic.
Housing Wire
JULY 28, 2021
This content is password protected. To view it please enter your password below: Password: The post Protected: Where to start the home-buying journey & what to expect in the process appeared first on HousingWire.
Appraisal Buzz
JULY 28, 2021
Companies have put billions into the SFR sector in recent years, and construction of rental communities continues to rise, research reveals. The post Institutional Investment in Build-to-Rent Booming appeared first on DSNews. The post Institutional Investment in Build-to-Rent Booming appeared first on Appraisal Buzz.
Housing Wire
JULY 28, 2021
This content is password protected. To view it please enter your password below: Password: The post Protected: Things to consider when shopping for a home appeared first on HousingWire.
George Dell
JULY 28, 2021
Reviewers ask why a certain sale was not used as a comparable. Why don’t they know I already used the best comps, just like I was taught? Don’t they know I used what was competitive, similar, and “able to be compared” – Just like The Appraisal of Real Estate 15th ed. says: A good comparable […]. The post Why Didn’t You Use This Comparable? appeared first on George Dell, SRA, MAI, ASA, CRE.
Housing Wire
JULY 28, 2021
This content is password protected. To view it please enter your password below: Password: The post Protected: The products, programs and resources you need to know to buy a home appeared first on HousingWire.
Appraisal Buzz
JULY 28, 2021
Availability of experienced agents and contractors, typical remodeling costs, and other indicators helped researchers rank local-market potential. The post Best Cities for Fix-and-Flip Investors appeared first on theMReport.com. The post Best Cities for Fix-and-Flip Investors appeared first on Appraisal Buzz.
Housing Wire
JULY 28, 2021
This content is password protected. To view it please enter your password below: Password: The post Protected: Efforts to promote homeownership in underserved communities appeared first on HousingWire.
Appraisal Buzz
JULY 28, 2021
In today’s Buzzcast, we dive into the Legal and Accounting presentation of our Business Building Workshops being at Valuation Expo on September 8 th. Today we have the host, Peter Christensen, Owner of Christensen Law Firm, with Joan Trice, Founder of Allterra Group, LLC. Peter Christensen is one of the hosts within the Business Building Workshops and we’ll be getting the inside scoop on growing and understanding the legal structure of your business.
Housing Wire
JULY 28, 2021
While the reverse mortgage industry has seen strong business numbers for most of the past year with endorsements largely staying above 4,000 loans a month, the amount of Home Equity Conversion Mortgage (HECM)-to-HECM refinance transactions being done alongside other market factors frankly outside of the reverse mortgage industry’s control are doing very little to commensurately expand the penetration rate of the HECM category into the broader mortgage business.
Appraisal Buzz
JULY 28, 2021
Fed Hints At Tapering, But Bonds Don’t Care Why are rates lower despite the Fed announcement taking another step toward tapering? It’s a trick question actually. True, the Fed did tweak some verbiage to grease the skids for tapering, but that was widely expected. During the press conference, Powell did a good job of managing market expectations and clearly reiterating the economy is still “a ways away” from justifying a policy shift.
Housing Wire
JULY 28, 2021
This content is password protected. To view it please enter your password below: Password: The post Protected: How to use the latest technology to search for your next home appeared first on HousingWire.
Midtown Appraisal Group
JULY 28, 2021
It’s not just a comparison to the house next door. It happens to every appraiser, often once a week: Someone involved in the property buying and selling process says something like “Yeah, this appraisal won’t be that hard. The house across the street sold a month ago and it’s pretty much the same layout, so […].
Housing Wire
JULY 28, 2021
This content is password protected. To view it please enter your password below: Password: The post Protected: Homeownership Summit 2021 appeared first on HousingWire.
Eyes on Housing
JULY 28, 2021
In the final quarter of 2019, a series-high of 82% of prospective buyers could afford less than half the homes available in their markets. The share went on to decline throughout 2020 (i.e. affordability perceptions improved), reaching 63% by the final quarter of that year. But affordability expectations have worsened recently. In the first and second quarters of 2021, the.
DW Slater Company
JULY 28, 2021
Photo by Tasos Mansour on Unsplash. On Sunday night we saw a bright fireball falling from the sky. It was a meteor and many others in North Texas witnessed it fall and then explode when reaching the earth’s atmosphere. It was unexpected and beautiful. As a skywatcher, I was happy to have observed it. So are prices started to fall? Is more balance coming to the market?
Eyes on Housing
JULY 28, 2021
Today’s Federal Open Market Committee announcement did not provide an explicit reference to an expected tapering of purchases of Treasury ($80 billion a month) and mortgage-backed ($40 billion a month) securities. In addition, as part of its ongoing accommodative policy stance, the Fed held its benchmark target rate near zero percent. In Chairman Powell’s press conference remarks, he stated, “The.
The Robert Weiler Company
JULY 28, 2021
Every six years, commercial property owners in Ohio face a reassessment of their property values conducted by their local County Auditor’s office. Typically, owners can only contest these values once every three years. But we all know that 2020 was anything but typical. Regular property tax contests are valued as of January 1 of the tax year in question.
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