Housing Wire
MAY 20, 2021
April’s 7.08% decline in mortgage delinquencies wasn’t even half of the drop March posted, but it did manage to push the national delinquency rate to below 5% for the first time since the beginning of the pandemic, Black Knight revealed in a new report. Overall, the number of past-due mortgages fell to 4.66% in April while an additional 400,000 homeowners managed to become current on their payments.
Appraisal Buzz
MAY 20, 2021
A recent Legal League 100 Spring Servicer Summit examined the journey servicers and regulators will be embarking on when the foreclosure moratoria is lifted. . The post Servicers and Regulators Map Out Post-Moratoria Framework appeared first on DSNews. The post Servicers and Regulators Map Out Post-Moratoria Framework appeared first on Appraisal Buzz.
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Housing Wire
MAY 20, 2021
The founder of Oklahoma City-based lender and servicer First Mortgage Company , who was also the president of the Mortgage Bankers Association in the late 1990s, pleaded guilty to five counts of bank fraud, money laundering and false statements to a financial institution. In Oklahoma’s Western District, a federal grand jury accused Ronald McCord of defrauding mortgage lenders Spirit Bank and Citizens State Bank , Fannie Mae and others over the course of three years.
Appraisal Buzz
MAY 20, 2021
The national housing boom spurred an uptick in home prices in two-thirds of Congressionally-mandated Opportunity Zones. The post Finding Opportunity in Opportunity Zones appeared first on DSNews. The post Finding Opportunity in Opportunity Zones appeared first on Appraisal Buzz.
Housing Wire
MAY 20, 2021
After hovering below 3% for a month , the average 30-year fixed mortgage rate popped back up six basis points to exactly 3% last week, according to Freddie Mac ‘s PMMS. Mortgage rates climbed north of 3% over the first few months of 2021, but crested at 3.2% in March before descending again. Despite such a favorable rate climate, there remains a shortage of homes for sale, pointed out Sam Khater, Freddie Mac’s chief economist. “The lack of housing supply has been compounded by labor
Appraisal Buzz
MAY 20, 2021
The U.S. mortgage delinquency rate continued to fall in April, dropping 7.11% compared with March to reach 4.66% of all loans, according to Black Knight’s First Look report. That’s a decrease of 27.68% compared with April 2020. About 2.5 million loans were 30 days or more past due, but not in foreclosure, a drop of about 172,000 compared with March and down about 900,000 compared with April 2020.
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Appraisal Buzz
MAY 20, 2021
PERSON OF THE WEEK: The pandemic has reshaped the housing market. Millennials who are financially positioned to buy a home are desperately searching among dwindling inventory as home prices surge to historical highs. Those who manage to buy their dream home in 2021 will be considered fortunate. Meanwhile, many of those who lost their jobs or had their income reduced during the pandemic are struggling to pay their rent or mortgage.
Housing Wire
MAY 20, 2021
Keeping up with the rapidly evolving algorithms and best practices of social channels is no easy feat for marketers. That’s why we’ve invited Chelsea Peitz , national director of social sales for Fidelity National Financial , to explain how she is leveraging Instagram and social platforms at engage.marketing on June 17. With thousands of followers on Instagram, Peitz has made a name for herself in the social realm, outlining thoughtful and realistic ways to boost personal brands with
Appraisal Buzz
MAY 20, 2021
After weeks of trending downward, mortgage rates began to climb this week with more finding it difficult to find a home amid a nationwide shortage in supply. The post Mortgage Rates Reverse Course appeared first on theMReport.com. The post Mortgage Rates Reverse Course appeared first on Appraisal Buzz.
Housing Wire
MAY 20, 2021
Dallas-based Shaddock National Holdings announced its majority equity acquisition of Continental Title Company , which has more than 20 locations in Kansas and Missouri. All Continental employees will remain with the company — as will President Matt McBride, who will continue to lead the company after the acquisition, Shaddock National said in a press release. “The acquisition of Continental Title Company represents Shaddock National Holding’s first retail presence in the states of K
Appraisal Buzz
MAY 20, 2021
Angel Oak Home Loans , which specializes in non-QM loans but also offers broad suite of other mortgage products, recently opened new branches in Waynesboro, Ga.; Annapolis, Md.; Durham, N.C.; and Houston, Texas. These branch launches come on the heels of several other new Angel Oak office openings, bringing the firm’s total number of offices to 40 across 35 states.
Eyes on Housing
MAY 20, 2021
Confidence in the market for new multifamily housing increased in the first quarter of 2021, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two major indices: the Multifamily Production Index (MPI) and the Multifamily Occupancy Index (MOI). The MPI increased eight points to 51 in the.
Appraisal Buzz
MAY 20, 2021
New bill calls for the CFPB to remove the obstacles to accessible banking resources and in underserved communities. The post House Passes Measure to Assist the Underbanked appeared first on DSNews. The post House Passes Measure to Assist the Underbanked appeared first on Appraisal Buzz.
Midtown Appraisal Group
MAY 20, 2021
You don’t have to be an expert, but you should know the basics. I know what it’s like: Whether you’re buying or selling your home, especially in the current overheated market, the last thing you have time (or interest) for is a deep dive into real estate appraisals. At the same time, as a vendor […].
Appraisal Buzz
MAY 20, 2021
Bipartisan legislation passes the House which would simplify the process for those buying a home with an FHA mortgage. The post New Bill Eases the Obstacles in FHA Appraisals appeared first on theMReport.com. The post New Bill Eases the Obstacles in FHA Appraisals appeared first on Appraisal Buzz.
BiggerPockets
MAY 20, 2021
If you’re open to the idea but haven’t worked with Section 8 before, make sure you understand how the process works when buying a home with existing Section 8 tenants.
Appraisal Buzz
MAY 20, 2021
Fannie Mae upwardly revised its GDP forecast for the year from 6.8 percent to 7.0 percent in its May report on economic development. The company’s economists say first quarter growth was stronger than expected and the outlook for near-term consumer spending has improved. They have, however, revised their 2022 growth forecast down 0.2 point to 2.8 percent.
Lamacchia Realty
MAY 20, 2021
Lamacchia Realty has once again ranked on the Boston Business Journal’s list of fastest-growing companies. In March of 2021, BBJ announced the list of honorees but the rankings were not yet released. The official list ranks 50 private companies – not just in the real estate industry – based in Massachusetts that showed the largest three-year revenue growth from 2017-2020.
Appraisal Buzz
MAY 20, 2021
Low inventory and tight supply have forced many into home purchases requiring more work than initially anticipated. The post More Millennials Investing in Home Renovations appeared first on theMReport.com. The post More Millennials Investing in Home Renovations appeared first on Appraisal Buzz.
Mortgagebroker News
MAY 20, 2021
Markets observer says the changes do not address the fundamental problems for first-time home buyers
Appraisal Buzz
MAY 20, 2021
PERSON OF THE WEEK: The pandemic has reshaped the housing market. Millennials who are financially positioned to buy a home are desperately searching among dwindling inventory as home prices surge to historical highs. Those who manage to buy their dream home in 2021 will be considered fortunate. Meanwhile, many of those who lost their jobs or had their income reduced during the pandemic are struggling to pay their rent or mortgage.
BiggerPockets
MAY 20, 2021
Many of you know that Mindy loves live-in-flips, and although she can definitely swing a hammer, she doesn’t have the skills of a finish carpenter, but today’s guests, Serafina & […].
Appraisal Buzz
MAY 20, 2021
Home prices nationwide have rapidly accelerated over the past year, and in communities of color, price appreciation is even more intense. That’s according to a Joint Center for Housing Studies (JCHS) analysis of Zillow’s latest data. Those same analysts found that despite a faster average price growth in majority-residents-of-color tracts, home prices continued to decline … The post A Look at Home Values in Communities of Color appeared first on DSNews.
Mortgagebroker News
MAY 20, 2021
Accelerating demand will be the segment’s defining factor for the rest of 2021
Appraisal Buzz
MAY 20, 2021
Homeowners of color face both stagnating home prices and extreme price volatility, either of which could compound the challenges this demographic already faces, researchers say. The post The Complexities Behind Home Prices in Communities of Color appeared first on theMReport.com. The post The Complexities Behind Home Prices in Communities of Color appeared first on Appraisal Buzz.
BiggerPockets
MAY 20, 2021
With existing home inventory so low, many are hoping that new construction can come to the rescue. If people aren’t selling homes, at least new homes will come on the market and increase inventory—and the crazy price appreciation we’re seeing will slow. If only it were so simple.
Appraisal Buzz
MAY 20, 2021
Homeowners of color face both stagnating home values and extreme price volatility, either of which could compound the challenges this demographic already faces, researchers say. The post The Complexities Behind Home Prices in Communities of Color appeared first on theMReport.com. The post The Complexities Behind Home Prices in Communities of Color appeared first on Appraisal Buzz.
Mortgagebroker News
MAY 20, 2021
A significant portion is willing to exceed asking prices by $50,000 and higher
Appraisal Buzz
MAY 20, 2021
Mortgage rates increased slightly this week, bringing the average rate for a 30-year fixed-rate mortgage to 3.00%, up from 2.94% last week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 3.24%. “After a run up over the first few months of the year, rates have paused and hovered around three percent since March,” says Sam Khater, Chief Economist for Freddie Mac, The post Mortgage Rates Back on the Rise as Average Rate for 30-
Berkshire Hathaway
MAY 20, 2021
The big question in real estate right now is “When will sellers return to the housing market?”. And a valid question it is at that! Buyer have been having the hardest time finding housing let alone winning bids on them, but there is light at the end of this dark houseless tunnel! As the economy continues to improve, and more people feel safe returning to their normal lives more sellers may finally be in sight.
Appraisal Buzz
MAY 20, 2021
Following a significant decline of almost a full percentage point in March, April’s 7.11% dip in mortgage delinquencies might seem a lesser event, but the data analysts at Black Knight say it’s a big deal because it pulled down the delinquency rate to less than 5% for the first time since COVID-19 toppled our lives … The post A Pandemic-Era Milestone, Delinquencies Dip Below 5% appeared first on DSNews.
Housing Wire
MAY 20, 2021
Accurately establishing a home’s value is not just an important factor in real estate transactions and mortgage lending, it is integral to household wealth creation, as homeownership continues to be one of the primary pathways for Americans to build wealth. Inaccurate appraisals and valuations can impact the type of mortgage financing a potential buyer receives, whether a seller commands a fair value when selling their home, or whether a homeowner has opportunities to tap into home equity.
Mortgagebroker News
MAY 20, 2021
This is the latest step in the CMHC's ambitious 10-year plan
Eyes on Housing
MAY 20, 2021
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building continues to experience flat conditions amidst strong demand and rising material challenges. There were 36,000 total custom building starts during the first quarter of the year. While this marks a 22% gain from the first quarter of 2020, that comparison is affected.
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