Fri.Aug 06, 2021

article thumbnail

First American fined $1 million for illegal perks to agents

Housing Wire

First American Title Co. will pay a $1 million fine for improper benefits given to California real estate agents. The company, one of the “Big Four” title insurers, agreed to pay a $1.185 million penalty after California state regulators alleged that a marketing representative provided agents illegal perks such as video marketing and drone footage of listings with placement on social media sites, and bus caravans to promote listings.

Agents 432
article thumbnail

Beyond the Transaction

Appraisal Buzz

For many consumers, the mortgage process is boiled down to a transactional experience focused on the lowest rate offers. Taking the longer view may yield a better outcome for borrowers. The post Beyond the Transaction appeared first on theMReport.com. The post Beyond the Transaction appeared first on Appraisal Buzz.

Appraisal 370
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

If you haven’t refinanced yet, is it still worth it?

Housing Wire

Mortgage rates vary. Take the pandemic, for example. Interest rates were at an all-time low last year, which is why the housing market saw such a spike. Consumers took advantage of those low rates. Some purchased a new home and others refinanced their mortgage. According to Freddie Mac , borrowers saved thousands in 2020 by refinancing. But as the world slowly gets back to normal, mortgage rates have slowly been rising.

article thumbnail

Underwater Homes Drying Up; Forbearances Decline; 3-Week Mortgage Rate Highs

Appraisal Buzz

Thanks to rising home prices. hardly any homeowners find themselves underwater on their mortgages and the few that do are concentrated in a few cities and towns. In fact, ATTOM says that more than one-third of mortgaged homes in the country are considered “equity rich” with a combined loan-to-value (CLTV) ratio below 50 percent. The 34.4 percent of homeowners in that category is up from 31.2 percent the previous quarter and 27.5 percent in the.

Mortgage 370
article thumbnail

Broker Study

Housing Wire

Broker Studies. Broker Study 1. Broker Study 2. Broker Study 3. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

370
370
article thumbnail

Rep. Waters Urges Regulatory Prevention of Unnecessary Foreclosures

Appraisal Buzz

Two letters written by the Chair of the House Financial Services Committee Maxine Waters request additional oversight to avoid pandemic related foreclosures. The post Rep. Waters Urges Regulatory Prevention of Unnecessary Foreclosures appeared first on theMReport.com. The post Rep. Waters Urges Regulatory Prevention of Unnecessary Foreclosures appeared first on Appraisal Buzz.

Appraisal 370

More Trending

article thumbnail

Come Right In

Appraisal Buzz

The post Come Right In appeared first on Appraisal Buzz.

Appraisal 370
article thumbnail

How to Become an Appraiser in 3 Steps

McKissock

To become a licensed appraiser , most states require you to start out as an appraisal trainee and obtain a certain number of hours of experience before you can appraise real property on your own. Many states have different titles for trainees, such as apprentice appraiser or registered appraiser. Some states require you to earn a college degree , but some don’t.

Appraisal 101
article thumbnail

A Congressional Call to Strengthen Foreclosure Protections

Appraisal Buzz

Rep. Maxine Waters reaches out to federal agencies to increase mortgage servicing protections. The post A Congressional Call to Strengthen Foreclosure Protections appeared first on DSNews. The post A Congressional Call to Strengthen Foreclosure Protections appeared first on Appraisal Buzz.

Appraisal 195
article thumbnail

Holy High Appraisal Fees, Batman! Please Warn Clients!

JMV Lending

Economist Milton Friedman famously said, “Inflation is always and everywhere a monetary phenomenon.” (meaning that it is always caused by increases in the supply of money) But, when it comes to appraisals Milton might be … wrong,** as hard as it is for me to type that. 😊 Appraisal fees have risen from as low […]. The post Holy High Appraisal Fees, Batman!

Clients 78
article thumbnail

The Week Ahead: Exploring Non-QM Options

Appraisal Buzz

A webinar this week will discuss non-QM loans and how borrowers can qualify and tap into this growing market. The post The Week Ahead: Exploring Non-QM Options appeared first on theMReport.com. The post The Week Ahead: Exploring Non-QM Options appeared first on Appraisal Buzz.

Appraisal 195
article thumbnail

Rookie Podcast 102: $10M Profit On Her First Deal?! It’s Possible with Campground Investing

BiggerPockets

Heather Blankenship was on a road trip from Florida to California, stopping at RV parks and campsites in between driving. She saw how busy these parks were and thought it […].

article thumbnail

More Migrating Away From Crowded Metros

Appraisal Buzz

Affordable beach communities in Florida lead the way in metros with the highest in-migration according to a new report from CoreLogic. The post More Migrating Away From Crowded Metros appeared first on theMReport.com. The post More Migrating Away From Crowded Metros appeared first on Appraisal Buzz.

Appraisal 195
article thumbnail

What should be top of mind for brokers in private lending?

Mortgagebroker News

FSRA has declared two significant areas where mortgage professionals must demonstrate high conduct standards

Lending 68
article thumbnail

Housing Overview: Signs of Stabilization

Appraisal Buzz

For the first time in months, home prices failed to hit record highs—that and several more market indicators suggest a slowly turning tide. The post Housing Overview: Signs of Stabilization appeared first on DSNews. The post Housing Overview: Signs of Stabilization appeared first on Appraisal Buzz.

Appraisal 195
article thumbnail

Major REIT, investment advisor announce strengthened collaboration

Mortgagebroker News

Multi-million transaction involves high-rise multi-residential tower and several retail assets

article thumbnail

5-Month Streak Ends: Home Prices Hold Steady

Appraisal Buzz

Still hotter than a year ago, June housing market metrics point to a more favorable environment for homebuyers. The post 5-Month Streak Ends: Home Prices Hold Steady appeared first on theMReport.com. The post 5-Month Streak Ends: Home Prices Hold Steady appeared first on Appraisal Buzz.

article thumbnail

The highs and lows of the Toronto housing market

Mortgagebroker News

Major factors that might influence the market in the near future revealed

article thumbnail

A Different Outlook: Complaints as Opportunities  

Appraisal Buzz

Servicers should expect a “tidal wave” of distressed borrowers seeking help as forbearance plans expire. Having systems in place to handle a rapid increase in grievances will be crucial. The post A Different Outlook: Complaints as Opportunities appeared first on DSNews. The post A Different Outlook: Complaints as Opportunities appeared first on Appraisal Buzz.

Appraisal 195
article thumbnail

How many older millennials currently have mortgages?

Mortgagebroker News

Steady price growth continues to weigh on younger Canadians

article thumbnail

Mortgage Forbearance Volumes Drop

Appraisal Buzz

Some 340,000 COVID-related plans are slated for extension or removal this month, say researchers tracking weekly loan performance stats. The post Mortgage Forbearance Volumes Drop appeared first on DSNews. The post Mortgage Forbearance Volumes Drop appeared first on Appraisal Buzz.

Mortgage 195
article thumbnail

Firm Capital announces significant MHC acquisition in Ontario

Mortgagebroker News

The transaction is expected to close during Q3 2021

68
article thumbnail

The Week Ahead: Creating Housing Opportunities for All

Appraisal Buzz

This week, the American Mortgage Diversity Council (AMDC), a Five Star Institute membership group, begins the 2021 Diversity & Inclusion Webinar Series, beginning Wednesday, August 11 at 11:30 a.m. CDT, to meet virtually with your neighbors and celebrate the many colors that make up the one community we call, housing. Over the course of three … The post The Week Ahead: Creating Housing Opportunities for All appeared first on DSNews.

Appraisal 195
article thumbnail

1802347

Will Springer Realtor

Nestled into 6+ acres of picturesque land, lies your private sanctuary. Nurture your soul and feed your curiosity as you explore the lovingly maintained landscape that weaves together architectural trees, flowering plants and an enchanting wetland with ever-evolving seasonal vista. Enjoy comfort and privacy in your spacious NW Contemporary home with dramatic vaulted ceiling and ample natural light.

article thumbnail

Are Home Buyers Regretting Their Purchase?

Cleveland Appraisal Blog

There has been a sense of urgency, and sometimes almost despair, for some looking to purchase a home. There are some news stories I have seen recently where some homeowners regretted their purchase. Do you know of anyone who purchased a home within the past year? Did they regret their decision? Below is a chart from the National Association of REALTORS article on home buyer regret.

Buyers 243
article thumbnail

What Is Escrow and How Does It Work?

REX Real Estate

During the home buying process, escrow is a term commonly discussed.

41
article thumbnail

Job growth continues as 943,000 added in July

Housing Wire

Even with the delta variant of the coronavirus spreading through the country, July’s job report was surprisingly positive. On Friday, the U.S. Labor Department announced 943,000 new jobs were added last month, jumping past the expected totals of 865,000. That’s up from 938,000 that were added in June — the highest month-to-month growth since August of 2020.

article thumbnail

It’s time for private sector to address housing discrimination

Housing Wire

While many racial and social injustices have moved to the forefront of our national consciousness over the past year, a number of inequalities continue to go unaddressed. A prime example is our nation’s presently booming housing market, with decades of data showing that African Americans and other minority groups have not received the same treatment as Caucasians when seeking mortgages or having their homes appraised.

Realtors 473
article thumbnail

MBA urges Cuomo to veto New York IMB bill

Housing Wire

The Mortgage Bankers Association asked besieged New York Gov. Andrew Cuomo to veto a bill which would enact Community Reinvestment Act-like requirements for independent mortgage banks (IMBs) chartered in the state. If the bill were enacted, regulators would scrutinize applications submitted by mortgage bankers licensed in New York based on the “performance of the mortgage banker in helping to meet the credit needs of its entire community, including low and moderate income neighborhoods.”.

Lending 370