Housing Wire
JUNE 23, 2021
Mark Calabria, the director of the Federal Housing Finance Agency , must go. He is slowly but surely undermining the system he has been charged to oversee, imposing his ideological will on Fannie Mae and Freddie Mac in a way that will leave them weaker, and the housing finance system that depends on them increasingly unable to meet the critical housing needs of the nation.
Appraisal Buzz
JUNE 23, 2021
In today’s Buzzcast, we dive into the Home Valuation Code of Conduct, where it began, and how it’s viewed today in the industry. Today we have Alfred Pollard, Former General Counsel at FHFA, with Joan Trice, Founder of Allterra Group, LLC. They delve into a deep discussion regarding the HVCC and what we’re still learning from the housing crisis today.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
JUNE 23, 2021
The big news from the U.S. Census Bureau’s May new home sales report is that sales inventory has increased to 5.1 months, which brings the three-month average to 4.63 months. That begins to change the equation for some homebuilders, who were absolutely thriving in an ultra-low-inventory housing market environment. . As a reminder, when the three-month average for inventory is 4.3 months or lower, builders have the confidence to continue to build.
Appraisal Buzz
JUNE 23, 2021
PERSON OF THE WEEK: Since October 2020, the Consumer Financial Protection Bureau (CFPB) has been engaging the mortgage industry through a number of “ tech sprints.” Designed to connect CFPB staff and industry technologists with consumer, financial, and regulatory stakeholders for short, intense problem-solving sessions. These events culminate in a Demonstration Day where each sprint team shares their innovation with a panel of evaluating experts.
Housing Wire
JUNE 23, 2021
An astonishing 580 homes in the Seattle metro area have sold for $300,000 or more above their asking prices in 2021. That’s compared to only 16 homes during the same period in 2020. And that’s just the high end, according to the latest analysis from Redfin. The brokerage/listings portal said 4,078 homes in Seattle have sold for between $100,000 and $299,999 above asking price, compared with 362 last year.
Appraisal Buzz
JUNE 23, 2021
Both purchase apps and refis showed signs of improvement this week, as the MBA reported growth in both areas, despite mortgage rates hitting a four-week high. The post Mortgage Application Volume Continues to Push Upward appeared first on theMReport.com. The post Mortgage Application Volume Continues to Push Upward appeared first on Appraisal Buzz.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
JUNE 23, 2021
On Wednesday morning the Supreme Court ruled that the statutory restrictions on the president’s ability to remove the chairman of the Federal Housing Finance Agency (FHFA) violates the Constitution’s separation of powers. Within hours the White House announced it would be replacing Mark Calabria who currently holds that position. The decision, in a case now known as Collins v Yellen, was similar to Seila Law v The Consumer Financial Protection Bureau (CFPB) which was decided.
Housing Wire
JUNE 23, 2021
With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership. HousingWire: What is the current state of the housing market for first-time homebuyers and communities of color?
Appraisal Buzz
JUNE 23, 2021
The company also disclosed that COO Tony Ebers has resigned to pursue other opportunities. The post Mr. Cooper Promotes Chris Marshall to President appeared first on DSNews. The post Mr. Cooper Promotes Chris Marshall to President appeared first on Appraisal Buzz.
George Dell
JUNE 23, 2021
Statistics is a necessary part of modernized valuation, and it is very much misunderstood. The main problem with statistics is words! First, let’s get one word out of the way – A parameter is a summary number of any data set, such as mean, median, maximum, minimum, range, quantile, or variation (standard deviation). We use […]. The post Is Statistics Always Scary?
Appraisal Buzz
JUNE 23, 2021
Alberto G. Musalem, CEO, co-chief investment officer and a founder of Evince Asset Management LP, has been elected to the Freddie Mac board of directors. “Musalem brings significant finance, capital markets, economics and public policy expertise to our board,” says Sara Mathew, non-executive chair of the Freddie Mac board. “We welcome him as a highly qualified new member whose decades of experience position him to play an important role on our Risk committee and.
Urban
JUNE 23, 2021
Three characteristics about the city’s low-density housing stock can help policymakers evaluate whether, when, where, and how to encourage private developers to build more infill housing.
Appraisal Buzz
JUNE 23, 2021
Even as the number of seriously delinquent mortgage loans improved, the overall percentage of borrowers behind on payments has increased, according to researchers. The post What Drove Up the Delinquency Rate in May? appeared first on DSNews. The post What Drove Up the Delinquency Rate in May? appeared first on Appraisal Buzz.
Valuation Review
JUNE 23, 2021
Valuation Review spoke with Realquantum CEO Jeff Weiner to discuss the company’s recent commercial appraisal market survey. Many interesting comments were delivered by the May survey’s respondents assessing where the commercial side of appraising stands as the world moves past a pandemic environment into the “new” world of appraising. Read on for more of our conversation.
Appraisal Buzz
JUNE 23, 2021
The Federal Housing Finance Agency’s (FHFA) first-quarter 2021 Foreclosure Prevention and Refinance Report shows that Fannie Mae and Freddie Mac completed 224,646 foreclosure prevention actions during the quarter, bringing the total number of homeowners who have been helped during conservatorships to 5,812,000. The report also shows that 38 percent of loan modifications completed in the first quarter reduced borrowers’ monthly payments by more than 20 percent.
Mashvisor
JUNE 23, 2021
John Goreham has been investing in rental properties for about a decade and owns a rental property company. He has used Mashvisor’s tools in the past to help with his business.
Appraisal Buzz
JUNE 23, 2021
Almost everyone pursuing the American Dream today faces affordability, supply, and security challenges—this survey breaks down specific housing issues by race. The post How Homeownership Difficulties Differ for People of Color appeared first on DSNews. The post How Homeownership Difficulties Differ for People of Color appeared first on Appraisal Buzz.
BiggerPockets
JUNE 23, 2021
In competitive housing markets, buyers need to have more than great finances. Even ideal clients who know what they want and are ready to act quickly should have a trick […].
Appraisal Buzz
JUNE 23, 2021
Researchers lay out the factors most likely to thwart the pursuit of the American Dream, especially among people of color and members of underserved communities. The post Addressing the Most Significant Barriers to Homeownership appeared first on theMReport.com. The post Addressing the Most Significant Barriers to Homeownership appeared first on Appraisal Buzz.
Valuation Review
JUNE 23, 2021
For the third consecutive quarter, an increased share of mortgage lenders are expecting profit margins to retreat further from last year's highs, according to Fannie Mae's 2021 Mortgage Lender Sentiment Survey. Read on to learn more.
Appraisal Buzz
JUNE 23, 2021
In today’s Buzzcast, we dive into the Home Valuation Code of Conduct, where it began, and how it’s viewed today in the industry. Today we have Alfred Pollard, Former General Counsel at FHFA, with Joan Trice, Founder of Allterra Group, LLC. They delve into a deep discussion regarding the HVCC and what we’re still learning from the housing crisis today.
Valuation Review
JUNE 23, 2021
The COVID-19 pandemic has significantly impacted the mortgage industry, creating business and operational changes for both lenders and servicers. According to Black Knight, one of the important changes resulting from the pandemic is the accelerated use of appraisal alternatives. Read on to learn more.
Appraisal Buzz
JUNE 23, 2021
Mortgage company Hometown Lenders (HTL) has added six branches to its family of mortgage professionals, with new locations in Austin, Texas; Grand Rapids, Mich.; Fort Myers, Fla.; Redlands, Calif.; and Orlando. Headquartered in Huntsville, Ala., HTL has almost 100 branch locations and is doing business in more than 40 states. “We’re excited to continue strategically expanding our reach nationwide while also building upon the same level of excellence and personalized service on which
Valuation Review
JUNE 23, 2021
A federal Georgia grand jury recently returned an indictment charging an Atlanta certified public accountant. The charges reflected one count of conspiracy to defraud the United States; 24 counts of wire fraud; 32 counts of aiding or assisting in the preparation of false federal tax returns; and five counts of filing false federal tax returns relating to a wide-ranging, abusive tax shelter scheme.
Appraisal Buzz
JUNE 23, 2021
The Court on Wednesday ruled that the leadership structure of the Federal Housing Finance Agency is unconstitutional and that the President can remove FHFA Director Mark Calabria at will rather than having to wait until 2024 for Calabria’s five-year term to end. . The post Supreme Court Rules President Can Replace FHFA Director appeared first on DSNews.
Valuation Review
JUNE 23, 2021
Homes listed on a Thursday typically go pending faster than any other day of the week, according to a new Zillow analysis. Read on for more numbers from Zillow.
Appraisal Buzz
JUNE 23, 2021
SimpleNexus says its mortgage point-of-sale (POS) platform now has an integration with Finicity’s Mortgage Verification Service (MVS) – a tool that allows lenders to streamline the verification of applicants’ assets, income and employment. Without leaving the SimpleNexus mobile app, borrowers can use MVS to complete asset, income and employment verification in a few steps that take just minutes to complete.
Valuation Review
JUNE 23, 2021
Rhinebeck Bank has expanded its presence with a new commercial lending office in the Albany market, the company announced in a release. Read on to learn more.
Appraisal Buzz
JUNE 23, 2021
Mitsubishi UFJ Financial Group (MUFG) says Jake Kaercher has joined the firm’s mortgage-backed securities trading team as a director, securitized product trading. Kaercher will be responsible for growing MUFG’s agency commercial mortgage-backed securities (CMBS) businesses, including Freddie K Multifamily securities (FHMS), Freddie Small Balance Multifamily (FRESB), Freddie Tax Exempt (FRETE), Fannie Mae Delegated Underwriting and Servicing (DUS), Alternative Credit Enhancement Secur
McKissock
JUNE 23, 2021
When it comes to the various social media channels you can choose to help improve your online reputation as a real estate agent, perhaps none is as critical as Facebook. So just how do you go about creating a Facebook presence for your real estate brand? We’ve put together a few helpful ideas to get you started. FREE GUIDE : Become a social media master with this free Social Media Toolkit for Real Estate Agents.
Appraisal Buzz
JUNE 23, 2021
Coming off a year of mortgage rates at all-time lows, a ServiceLink report has found that more Generation Z and millennial homeowners were remaining in place and opting to refinance rather than relocate. The post Gen Z/Millennials: To Refi or Relocate? appeared first on DSNews. The post Gen Z/Millennials: To Refi or Relocate? appeared first on Appraisal Buzz.
BiggerPockets
JUNE 23, 2021
If there was ever a time to make working towards your financial freedom a priority, it is now. Reinventing yourself is the highest form of self-care. Use my acronym G.R.O.W. for the four pillars of reinvention as we come out of the Shecession.
Appraisal Buzz
JUNE 23, 2021
A new ServiceLink report analyzed homebuying trends over the past year, finding that the desire for more space to work remotely was a primary driver for most seeking a new home. The post Additional Space Spurs Homebuying Decisions appeared first on theMReport.com. The post Additional Space Spurs Homebuying Decisions appeared first on Appraisal Buzz.
Mortgagebroker News
JUNE 23, 2021
Multiple women have contacted Mortgage Broker News to report their experiences of sexual misconduct in the industry
Expert insights. Personalized for you.
545 
Let's personalize your content