Fri.Aug 27, 2021

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How do we bring in the next generation of mortgage professionals?

Housing Wire

Mortgages changed my life. Like most mortgage industry professionals, I fell into the business. Most of us don’t grow up telling everyone that we want to change the world by selling, processing, underwriting and closing mortgages. Unless, perhaps, you are my five-year-old daughter and six-year-old son. They both make it known that they will “do mortgages with mom” while they build skyscrapers and run the country.

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Alterra Promotes Marc Hernandez to President

Appraisal Buzz

Company leaders say the former EVP is one of just a handful of Hispanic Presidents in independent mortgage banking and that the move reflects a commitment to diversity. The post Alterra Promotes Marc Hernandez to President appeared first on theMReport.com. The post Alterra Promotes Marc Hernandez to President appeared first on Appraisal Buzz.

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Are home updates actually worth it right now?

Housing Wire

Should you update your home before putting it on the market? Three in four homeowners say they’d rather replace their appliances than accept a low offer on their home, according to a study by Cinch Home Services. . Cinch Home Services surveyed over 1,000 homeowners and renters to figure out how important updates are in the homebuying process. And they discovered that a majority of homeowners think upgrading their appliances will increase their home value by almost $14,000. .

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Weekly Forbearance Volume Drops

Appraisal Buzz

Still, the number of on-hold home loans continues to decrease on a month-over-month basis, and more than 400k plans expire next month. The post Weekly Forbearance Volume Drops appeared first on DSNews. The post Weekly Forbearance Volume Drops appeared first on Appraisal Buzz.

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Policing the pocket listings

Housing Wire

This is HousingWire’s two-part series examining the ramifications of NAR’s decision last year to ban pocket listings. Part 1 looked at the history of the ban and inherent enforcement problems it posed. Part 2 examines how MLSs have implemented the measure so far, and legal challenges to the pocket prohibition. Ryan Cook has a few MLS bills to pay. There’s the $87 every three months he pays to MLS PIN, and the extra $100 a month he pays as a broker for their data feed.

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Alterra Promotes Marc Hernandez to President

Appraisal Buzz

Company leaders say the former EVP is one of just a handful of Hispanic Presidents in independent mortgage banking and that the move reflects a commitment to diversity. The post Alterra Promotes Marc Hernandez to President appeared first on theMReport.com. The post Alterra Promotes Marc Hernandez to President appeared first on Appraisal Buzz.

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More Trending

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Mr. Cooper Sells Xome Valuations

Appraisal Buzz

In a move to place more of a focus on its core business, Mr. Cooper has sold off its valuations division, after a solid second quarter. The post Mr. Cooper Sells Xome Valuations appeared first on DSNews. The post Mr. Cooper Sells Xome Valuations appeared first on Appraisal Buzz.

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Bedroom Counts And Home Values – A Very Big Deal!

JMV Lending

WHAT CONSTITUTES A BEDROOM? I wrote a blog last year called What Constitutes A Bedroom? in response to an agent who was angry b/c our appraiser refused to deem a 42 square foot (sf) room “a bedroom.” The appraisal came in low b/c the house was correctly deemed a two-bedroom instead of a three-bedroom, as […]. The post Bedroom Counts And Home Values – A Very Big Deal!

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Home Prices Show No Sign of Slowing

Appraisal Buzz

Despite an increase in residential property listings each of the last eight months, the shortage of homes for sale remains more pronounced than ever, home prices continue to rise, and the market shows little sign of softening, show data covering July. The latest data from Radian Home Price Index and Radian-owned Red Bell Real Estate show … The post Home Prices Show No Sign of Slowing appeared first on theMReport.com.

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Spotlight Form: The Patient Feedback Form

GoForrmz

Easily gather patient feedback with online forms and digital data capture Digital and online forms provide a convenient way to collect patient feedback and quickly address patient concerns. Leveraging our HIPAA-secure edition , your practice can easily digitize its existing work forms for secure use on phones, tablets, and computers – or start from scratch and build entirely new forms in our online form builder.

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The Week Ahead: Will Unemployment Uptick Slow Forbearance Exits?

Appraisal Buzz

The recent rise in Covid variant cases is again impacting the nation’s job force, with recent forbearance exits slowing their pace. The post The Week Ahead: Will Unemployment Uptick Slow Forbearance Exits? appeared first on DSNews. The post The Week Ahead: Will Unemployment Uptick Slow Forbearance Exits? appeared first on Appraisal Buzz.

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7 Questions You Should Be Asking When Buying A House

Raleigh Realty

Questions To Ask When Buying A House Wondering what questions to ask when buying a house? Here's everything you need to know about buying a home Whether you are a first-time home buyer or a seasoned veteran of the housing market, buying a house is no small undertaking. It can be very easy to start looking at homes and begin to fall in love with them before considering the more practical components of the sale.

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Radian RPI Reports U.S. Home Price Appreciation Increases

Appraisal Buzz

After a strong finish to the first half of 2021, home prices across the U.S. rose at an even faster pace in July as compared to June. According to Radian Home Price Index (HPI) data released by Red Bell Real Estate LLC, a Radian Group Inc. company, home prices nationally rose month-over-month from June 2021 to July 2021 at an annualized rate of 14.7%.

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FAQ: Can I Use List View In The GoFormz Web App?

GoForrmz

Yes, your form’s List View can be used in both the GoFormz Web App and Mobile App We recently released an update to our Template Editor , which now allows users to create a form entirely from scratch in List View – with no form upload or code required! Form View vs List View Your digital form can be configured in two different viewing modes: Form View and List View (or both!).

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The Week Ahead: Are Home Prices Still Scaring Away Buyers?

Appraisal Buzz

NAR is set to release their latest analysis of pending home sales, as buyer interest is increasingly waning due to high asking prices. The post The Week Ahead: Are Home Prices Still Scaring Away Buyers? appeared first on theMReport.com. The post The Week Ahead: Are Home Prices Still Scaring Away Buyers? appeared first on Appraisal Buzz.

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What’s Location Got to Do with It? Insights from a Seasoned Appraiser

McKissock

We’ve all heard the old mantra that real estate is all about “location, location, location.” Let’s take a look at what location is, and how it fits into appraising. What is location? The Dictionary of Real Estate Appraisal 6th Edition defines location as: “ The relative position of a property to competitive properties and other value influences in its market area; the time-distance relationships, or linkages, between a property or neighborhood and all other possible

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What’s Location Got to Do with It? Insights from a Seasoned Appraiser

Appraisal Buzz

We’ve all heard the old mantra that real estate is all about “location, location, location.” Let’s take a look at what location is, and how it fits into appraising. What is location? The Dictionary of Real Estate Appraisal 6th Edition defines location as: “ The relative position of a property to competitive properties and other value influences in its market area; the time-distance relationships, or linkages, between a property or neighborhood and all other possible

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“Over my dead body”: president and CEO speaks out against COVID vaccine

Mortgagebroker News

Citing opposition to vaccine mandates, prominent industry figure says she’s “vaccinated against bullsh*t”

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Celebrating Women Pioneers in the Industry

Appraisal Buzz

This September, the in-person Five Star Conference and Expo will honor women who have forged a new path in the mortgage industry at the Women in Housing Awards Luncheon. The post Celebrating Women Pioneers in the Industry appeared first on DSNews. The post Celebrating Women Pioneers in the Industry appeared first on Appraisal Buzz.

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Rookie Podcast 108: Rookie Reply: How to Make an Offer on a House (Even If It’s Off-Market)

BiggerPockets

This week’s question comes from Steven on the Real Estate Rookie Facebook Group. Steven is asking: I’m about to try to make an offer on a house but the property […].

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Alterra Home Loans Promotes Marc Hernandez to President

Appraisal Buzz

Alterra Home Loans LLC , an independent mortgage bank headquartered in Nevada, has promoted Marc Hernandez to president following his leadership and contributions as Alterra’s executive vice president of retail lending. Hernandez, who was appointed to the role by previous President and Co-Founder Jason Madiedo, will be responsible for sales, operations and marketing.

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Non-bank lender announces $40 million bought deal financing

Mortgagebroker News

Firms says proceeds will be used for debt repayment, new investments, and “general corporate purposes”

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Honoring Female Trailblazers in the Mortgage Space

Appraisal Buzz

Distinguished female mortgage professionals will be celebrated in-person in Dallas this September at an Awards Luncheon in conjunction with the 2021 Five Star Conference and Expo. The post Honoring Female Trailblazers in the Mortgage Space appeared first on theMReport.com. The post Honoring Female Trailblazers in the Mortgage Space appeared first on Appraisal Buzz.

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Major bank’s CEO defends industry after Trudeau reveals plan to raise corporate tax rate

Mortgagebroker News

Trudeau promises tax increase after major banks report surge in third quarter profits

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Housing Market Report: No Signs of Softening

Appraisal Buzz

Western states lead in price increases and speed of sales, but every major metro experienced growing costs, sales, and listing-activity, a report reveals. The post Housing Market Report: No Signs of Softening appeared first on DSNews. The post Housing Market Report: No Signs of Softening appeared first on Appraisal Buzz.

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Most Canadians feel low rates are driving up home prices – survey

Mortgagebroker News

New study also reveals Canadians’ main areas of concern when buying a home

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Is there racial bias baked into GSE underwriting?

Housing Wire

A recent syndicated article on racial bias from The Markup on racial bias, published by ABC news, AP, Market Watch and more, has drawn a great deal of attention from trade groups, policy makers and housing advocates with support from some and attacks from others. The story, “The secret bias hidden in mortgage-approval algorithms,” included statements from fair housing activists who concluded that there is “systemic racism” in the mortgage process.

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Real estate industry figures weigh in on Liberal housing plan

Mortgagebroker News

Trudeau has made housing affordability a key issue in the upcoming federal election

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What on earth is going on with federal regulators?

Housing Wire

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire Senior Mortgage Reporter Georgia Kromrei answered questions about what is happening with federal regulators. During the Q&A, Kromrei discusses the steady flow of changes at the federal level and how it shows just how big of a priority housing regulation is with the Biden administration.

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65% of New Single-family Homes Used Slab Foundation in 2020

Eyes on Housing

NAHB analysis of the Survey of Construction (SOC) shows that 65% of all new single-family started in 2020 were built on slab foundations, followed by 22% with a full/partial basement and 12% with a crawl space. The gap between slab and full/partial basement foundation adoption rates is growing: the share of new homes built on slabs steadily increased from 46.0%.

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Industry groups react to SCOTUS eviction ruling

Housing Wire

The Supreme Court of the United States on Thursday declared that the Biden administration’s federal moratorium on evictions was illegal , a major victory for landlords but one that places hundreds of thousands – maybe millions – of tenants at risk of eviction. In a 6-3 decision, the court’s conservative members ruled that the Centers for Disease Control and Prevention had exceeded its authority in issuing the latest moratorium, which was set to expire in October.

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