Wed.Nov 17, 2021

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Refi applications down 31% from last year

Housing Wire

Refinance mortgage loan applications dipped 31% year-to-year on the week ending Nov. 12, according to a survey published by the Mortgage Bankers Association (MBA) on Wednesday. The refi volume decreased 5% compared to the previous week. Meanwhile, applications to purchase a new home declined 6% in one year. However, they were up 2% in comparison to the previous week.

Investors 421
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A slowing housing market, but still on steroids

Sacramento Appraisal Blog

Real estate has been slowing, but it’s still completely nuts. I’ll explain below. But first let me unpack the NAR conference in San Diego and share some exciting personal news. Then stats and perspective for those interested. NAR Conference & my new BFF: I had the honor of sitting on an appraiser panel last weekend […].

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@properties looks beyond Chicago with Christie’s deal

Housing Wire

For years, @properties has sat atop Chicago residential real estate, fueling speculation about if and when they might aggressively expand outside Chicagoland. On Wednesday, the brokerage announced perhaps its biggest move ever outside the Windy City, stating that they have acquired Christie’s International Real Estate , a New York City-based brokerage.

Brokerage 421
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The Importance of Company Culture in 2022

Appraisal Buzz

BLOG VIEW: Company culture has always been important – both for employees and employers. It’s possible that it is even more important now in response to the pandemic. However, pandemic or not, companies must assess who they are and what they offer in order to attract the right talent and retain trusted employees. Culture. When looking at company culture, the first and most important element is intentionality.

Appraisal 195
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Why lenders should implement automation sooner than later

Housing Wire

HousingWire recently sat down with Eric Lee , the Senior Vice President of Product Development at DataVerify , to talk about what he sees as the challenges facing lenders today when it comes to figuring out the best way to implement automation solutions and get the best ROI possible. HousingWire: What do you see as the biggest challenges facing lenders right now—especially with the high volumes that we are seeing?

Tools 397
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FHFA Scores Fannie Mae, Freddie Mac and Common Securitization Solutions

Appraisal Buzz

The Federal Housing Finance Agency (FHFA) has released the 2022 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions LLC (CSS). The purpose of the 2022 Scorecard is to hold the GSEs and CSS accountable for fulfilling their core mission requirements by promoting sustainable and equitable access to affordable housing and operating in a safe and sound manner.

Finance 195

More Trending

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Homebuilders Maintain Positive Outlook

Appraisal Buzz

Despite lingering supply issues, housing permits increased to an annual pace of 1.65 million in October, a positive sign for home builders to close out the year. The post Homebuilders Maintain Positive Outlook appeared first on DSNews. The post Homebuilders Maintain Positive Outlook appeared first on Appraisal Buzz.

Appraisal 195
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Real estate teams beat brokerage firms in profitability

Housing Wire

Broker Studies. 2021 RealTrends Team Profitability Study. Podcast: Comparing real estate team and brokerage profitability. Study: It’s true, real estate teams outperform brokerage firms. RealTrends Brokerage Compensation Report. Over the past 15 to 20 years, the emergence of the mega-team has garnered the headlines. However, these super-sized teams aren’t the only ones turning a profit — a profit that dwarfs most real estate brokerage’s profit.

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Housing Starts Fall in October

Appraisal Buzz

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD) have released their findings on new residential construction statistics for October 2021, which found U.S. housing starts decreasing to an annual pace of 1.52 million in October, below its anticipated count of 1.58 million, but higher than totals just one year … The post Housing Starts Fall in October appeared first on theMReport.com.

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Comparables — Are 3 Enough?

George Dell

Three comparables have been the standard for many years. On the residential appraisal side, some clients ask for more (such as current listings). For ‘general’ appraisal, typically four to six comparable sales are enough to achieve believability (credibility). Believability arrives at the user’s desk in a readable report. In the past, the standard residential form […].

Clients 195
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Fidelity National Financial Names New SVP

Appraisal Buzz

(FNF), a provider of title insurance and transaction services to the real estate and mortgage industries and also a provider of annuity and life insurance products through the Company’s wholly-owned subsidiary, F&G, announced today the appointment of Lisa Foxworthy-Parker as SVP of Investor & External Relations. In her new role, Foxworthy-Parker will work closely with the FNF executive team … The post Fidelity National Financial Names New SVP appeared first on DSNews.

Insurance 195
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5 Digital Forms Roofing Contractors Swear By

GoForrmz

Thousands of contractors leverage the GoFormz platform to modernize their day-to-day operations Check out these five digital forms that elevate professionalism, improve operational workflows, and enhance communication between field and office roofing contractor personnel: Roof Inspection Form By introducing digital roof inspection forms into your field operations, roofing contractors can drastically improve their customer retention, internal communication, business professionalism, and much more

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CFPB Seeks Input to Stomp Out Discrimination

Appraisal Buzz

Bureau requests public comment on HMDA to support a fair lending practices for all. The post CFPB Seeks Input to Stomp Out Discrimination appeared first on DSNews. The post CFPB Seeks Input to Stomp Out Discrimination appeared first on Appraisal Buzz.

Lending 195
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November Newsletter- Markets Slowing? Not So Fast!

DW Slater Company

“When I started counting my blessings, my whole life turned around.” Willie Nelson. As we are entering a busy holiday season, I hope that you are able to take some time for reflections. I do know the times have been trying the past 2 years. There have been many losses and changes for many of us, but because of this I truly cherish the time we get with family and friends.

Marketing 135
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Looking Deeper Into Discriminatory Lending Patterns

Appraisal Buzz

By issuing a new RFI, the CFPB looks to strengthen its ability to maintain parity in the mortgage marketplace. The post Looking Deeper Into Discriminatory Lending Patterns appeared first on theMReport.com. The post Looking Deeper Into Discriminatory Lending Patterns appeared first on Appraisal Buzz.

Lending 195
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Appraisers Are Ghosting AMCs?

Appraiserblogs

From The Chrisman Commentary (Rob is a mortgage broker but an essential source of information on the mortgage industry). You can subscribe here. From Appraisals are near the top of any list of current lender and borrower complaints about the processing of mortgages. This week I received this note from Mike Simmons, Co-President of AXIS AMC. “I’ve heard of something overhanging the appraisal industry.

Appraisal 126
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nCino Signs Deal to Acquire SimpleNexus

Appraisal Buzz

In a move to expand its point-of-sale and mobile capabilities, nCino purchases provider of mobile-first technology for mortgage lenders in $1.2 billion deal. The post nCino Signs Deal to Acquire SimpleNexus appeared first on theMReport.com. The post nCino Signs Deal to Acquire SimpleNexus appeared first on Appraisal Buzz.

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Interest Rate Increases Drive Refinancing Declines

Eyes on Housing

The latest Mortgage Bankers Association’s (MBA) weekly application surveys shows a decline for refinancing and an increase in mortgage purchasing. The 30-year fixed-rate mortgage rate increased, averaging close to 3.2 percent for the month and was 3.16 percent in the latest week. In the latest week, total mortgage applications, as proxied by the MBA’s Market Composite Index, decreased by 2.8.

Mortgage 119
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Latest MBA Weekly Survey Shows Decrease in Mortgage Applications

Appraisal Buzz

Mortgage applications decreased 2.8% from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending November 12, 2021. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.8 on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 4% compared with the previous week.

Mortgage 195
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Clear Capital celebrates 20th anniversary

Valuation Review

Clear Capital has hired more than 350 people in 2021, with 170 jobs currently open. The announcement comes as Clear Capital celebrates the 20th anniversary of its founding. Read on to hear from company executives.

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Slumping Refi Streak Continues for Seventh Straight Week

Appraisal Buzz

Overall mortgage application volume fell 2.8% week-over-week, with refinance volume falling 5% week-over-week, and 31% year-over-year. The post Slumping Refi Streak Continues for Seventh Straight Week appeared first on theMReport.com. The post Slumping Refi Streak Continues for Seventh Straight Week appeared first on Appraisal Buzz.

Appraisal 195
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Boston’s Real Estate Market Boom: Why Multi-Family Real Estate in Boston is a Great Investment

BiggerPockets

Boston is an excellent city for house hackers looking to save money on rent — and for investors looking to grow their portfolio. There are plenty of opportunities for everyone, regardless of your strategy. .

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Embracing New Technology and Desktop Appraisals

Appraisal Buzz

In today’s Buzzcast, we dive into the new technology that has emerged and how desktop appraisals are influencing the future of the industry. Today we have Jim Morrison, VP of Marketing and Sales for Allterra Group, and Tony Pistilli, Director of Valuation Operations at Accurate Appraisal Group. We’ll be getting the inside scoop while they discuss the hot topics impacting appraisers every day.

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FHFA seeking comments on GSE disclosure requirements

Valuation Review

Recently, the Federal Housing Finance Agency announced it is seeking comments on a notice of proposed rulemaking. This relates to what would introduce additional public disclosure requirements for the Enterprise Regulatory Capital Framework for Fannie Mae and Freddie Mac.

Finance 60
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nCino Acquires Digital Homeownership Software Company SimpleNexus

Appraisal Buzz

nCino Inc. , a cloud banking and digital transformation solutions company for the global financial services industry, has entered into a definitive agreement to acquire SimpleNexus in a stock and cash transaction valued at approximately $1.2 billion. Founded in 2011, SimpleNexus is a developer of mobile-first technology for loan officers, borrowers, real estate agents and settlement agents to manage the homeownership journey.

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TAF welcomes new board members, chair

Valuation Review

The Appraisal Foundation Board of Trustees recently named new members to the Appraisal Standards Board and the Appraiser Qualifications Board. The board also announced its new leadership for 2022.

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Guaranty Home Mortgage Chooses Paradatec’s AI-Cloud for Doc Automation

Appraisal Buzz

Paradatec , a provider of AI-based document classification and data extraction technology for mortgage loan processing, has announced that Guaranty Home Mortgage Corp. (GHMC), an independent mortgage banker, has selected Paradatec’s AI-Cloud for document processing and indexing. AI-Cloud is Paradatec’s AI-based document classification and data extraction technology hosted by Amazon Web Services (AWS).

Mortgage 195
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Mortgage Connect appoints new executive

Valuation Review

Mortgage Connect LP, a national mortgage services provider for the nation’s largest financial institutions, investors and servicers, recently announced Andrew Bough has joined the company as executive vice president, as well as head of valuations. The appointments are associated with the company’s appraisal management division, Valuation Connect, the company announced in a press release.

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The Complete Guide to Airbnb Automation

Mashvisor

Using Airbnb automation can improve your property’s profitability and save you time. Learn how you can manage your rentals using this process.

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More market analysis for appraisers

Valuation Review

ForbesBooks author Tim Pagliara recently addressed the issue of the government needing to fill gaps for minorities and the middle class to access mortgages. We expanded our discussion with Pagliara, founder, chairman, and chief investment officer of CapWealth, to the current market trends that need to be watched. Read on to learn more.

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Cash out refinance to buy investment property: The investor’s guide

Mashvisor

If you own rental property and need money to cover a large bill or extend your portfolio, a cash-out refinance may be the way to go.

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Real estate expert tracks investor purchase activity

Valuation Review

The RealtyTrac Investor Purchase Report – Fall 2021 analyzes home sales data from ATTOM Data Solutions to determine the share of real estate investor purchases among all home sales, the median price for investor home sales compared with consumer home sales, and the share of cash sales among investor purchases. Realty Trac Executive Vice President Rick Sharga reached out to Valuation Review to share this data, which is analyzed quarterly at both the national and state levels.

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Uncertainty hounding central bank's ability to determine timing of rate hikes – BoC exec

Mortgagebroker News

Deputy governor cites accelerating inflation and labour market volatility as the main drivers of uncertainty

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How To Get VA Loan Preapproval

Quicken Loans

For decades, veterans nationwide have taken advantage of the benefits offered through a VA loan. In most cases, VA loans save home buyers money in the long run. Whether it’s to avoid a down payment, refinance the entire value of a home or simply have an easier time qualifying for a mortgage, those who have served should consider taking advantage of this benefit they’ve earned.

Sellers 46