Housing Wire

NOVEMBER 1, 2021

With mortgage rates falling during the COVID-19 crisis, many households were able to refinance to lower payments. Because a mortgage payment is almost always the most prominent payment households make each month, lower payments have allowed homeowners who bought homes to have better cash flow over the last few years. This means mortgage holders who have refinanced their homes to lower payments while their wages have also grown look great on paper.

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Sacramento Appraisal Blog

NOVEMBER 1, 2021

Are buyers struggling to afford the market? Let’s talk about that today. I have some brand new visuals to share (Part I) and then let’s unpack a new study about affording new construction (Part II). What are you seeing in your area regarding affordability? I’d love to hear. PART ONE: Affordability 1) Duh, affordability is […].

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Housing Wire

NOVEMBER 1, 2021

Forbearance declined at a steady pace across the board last week, with many borrowers having already reached the end of their 18-month period provided by the CARES Act. The total number of loans in forbearance decreased by six basis points to 2.15% as of Oct. 24, according to the latest report from the Mortgage Bankers Association (MBA). In the previous week , the rate dropped seven basis points to 2.21%.

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Appraisal Buzz

NOVEMBER 1, 2021

Cherry Creek Mortgage , a nationwide, full-service mortgage lender, Ginnie Mae HMBS issuer and servicer of HECM reverse mortgages, has hired a new leadership team to expand the company’s reverse mortgage division. . Reverse mortgage executives Bruce Barnes and Jim Cory have joined Cherry Creek as managing directors of the reverse mortgage division. Under their leadership, the company intends on expanding its reverse mortgage presence in retail, wholesale and closed loan production.

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Housing Wire

NOVEMBER 1, 2021

Mortgage lending titan Rocket Mortgage is bringing its tech straight to financial institutions. The lender announced Friday a partnership with Salesforce to deliver Rocket’s mortgage origination capabilities directly to banks, credit unions and other FIs through Salesforce Financial Services Cloud. Rocket is now the first mortgage lender to provide an end-to-end “mortgage-as-a-service” solution through Salesforce’s financial cloud.

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Appraisal Buzz

NOVEMBER 1, 2021

As part of its ongoing expansion, national residential mortgage lender Homespire Mortgage recently opened offices in New Mexico, Ohio and south-central Texas. . Industry veteran Lynda Fazio is serving as area manager in New Mexico, alongside mortgage expert Dave Purdy, who serves as regional manager. Fazio’s team brings more than 65 years of combined experience to the market with plans to open three additional branches in New Mexico over the next year.

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Appraisal Buzz

NOVEMBER 1, 2021

The share of mortgages in forbearance plans fell six basis points to 2.15% of servicers’ portfolio volume during the week ended Oct. 24, according to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey. Roughly 1.1 million homeowners remain in forbearance plans – which is a huge improvement from a year ago but nonetheless a major concern for mortgage servicers.

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Housing Wire

NOVEMBER 1, 2021

Punctual Abstract , which compiles and provides abstracts, title evidence and ancillary documents, such as HOA estoppels, tax certificates and municipal, announced Monday that it has acquired Mississippi-based Slade Title Research. The merger is effective immediately. In April 2021 , Punctual Abstract began offering its title production services nationwide.

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Appraisal Buzz

NOVEMBER 1, 2021

The Federal Housing Finance Agency (FHFA) announced three personnel updates to its executive staff. Charles Yi is joining FHFA as its senior advisor for legal affairs and policy. In addition to advising Acting Director Sandra L. Thompson, Yi will provide expertise, guidance and coordination in recommending actions to ensure the agency’s goals and obligations are met.

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Urban

NOVEMBER 1, 2021

The gap in denial rates between Asian and white mortgage applicants bucks conventional indicators, as Asian applicants, on average, have higher credit scores.

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Appraisal Buzz

NOVEMBER 1, 2021

Black Knight says that, amid all of the aid and stimulus provided to keep the economy rolling along during the pandemic, one aspect that doesn’t get a lot of attention is refinancing. Black Knight points out in its current Mortgage Monitor that 14.3 million homeowners have refinanced since the beginning of the pandemic, 600,000 of them in each of the past four months.

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Eyes on Housing

NOVEMBER 1, 2021

In the third quarter of 2021, 73% of buyers estimate they can afford less than half the homes available for-sale in their markets. That share is up from 71% the prior quarter, 65% the quarter before that, and 63% in the final quarter of 2020. This steady increase is evidence that double-digit increases in home prices have eroded the positive.

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Appraisal Buzz

NOVEMBER 1, 2021

Forbearance exits trickled below 1%, as the share of total loans in some stage of forbearance fell to 2.15% nationwide. The post GSE Forbearance Exits Reach Slowest Pace Since August appeared first on DSNews. The post GSE Forbearance Exits Reach Slowest Pace Since August appeared first on Appraisal Buzz.

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Urban

NOVEMBER 1, 2021

Better outreach and a more streamlined application process could help more landlords and tenants access the assistance they need.

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Appraisal Buzz

NOVEMBER 1, 2021

Since the start of the pandemic, homeowners have reduced their mortgage payments by more than $1.3 billion per month through rate and term refinances. The post 8.8M Borrowers Have Saved $14B By Refinancing appeared first on theMReport.com. The post 8.8M Borrowers Have Saved $14B By Refinancing appeared first on Appraisal Buzz.

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Valuation Review

NOVEMBER 1, 2021

In Valuation Review’s 2021 Voice of the Appraiser special report, appraisers and lenders shared their opinions regarding the overall status of the profession. The technology section of that report offered some interesting insights.

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Appraisal Buzz

NOVEMBER 1, 2021

SitusAMC, a New York-based real estate advisory firm, has hired more than 1,500 employees to boost support capacity for both originations and secondary market due diligence. The expansion is expected to expedite the flow of loans into private-label securitizations. Mortgage production skyrocketed in 2020. According to the MBA report, $4.3 trillion in mortgages were originated in 2020, … The post SitusAMC Adds 1,500 Employees appeared first on DSNews.

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BiggerPockets

NOVEMBER 1, 2021

We all know the old saying in real estate: “Location, location, location.” There are many factors that can contribute to a prime location—good schools, low crime rate, population increase, job […].

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Appraisal Buzz

NOVEMBER 1, 2021

Representatives of Churchill Mortgage, Embrace Home Loans, Homespire Mortgage, Inlanta Mortgage, SitusAMC, and more discuss with MReport the best practices for finding, recruiting, and retaining the right talent. The post The Building Blocks of Success appeared first on theMReport.com. The post The Building Blocks of Success appeared first on Appraisal Buzz.

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BiggerPockets

NOVEMBER 1, 2021

Inflation is big, scary, and in the news. With it comes the fear of sky-high home values, consumer goods falling in short supply, and cash positions becoming worthless overnight. With […].

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Real Estate Investors Home Value 74

Appraisal Buzz

NOVEMBER 1, 2021

Rent growth surpassed pre-COVID levels in some of the nation’s tech centers, hitting a new average high of $1,654 to end Q3. The post Median Rental Prices Rise 13.6% YoY in September appeared first on DSNews. The post Median Rental Prices Rise 13.6% YoY in September appeared first on Appraisal Buzz.

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Appraisal 150

BiggerPockets

NOVEMBER 1, 2021

American politics has become an extremely polarizing topic over the last couple of decades. Today, the nation is sharply divided along party lines, affecting our relationships, thoughts, and even our […].

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Appraisal Buzz

NOVEMBER 1, 2021

Rents have grown nationally at double-digit annual pace for the second consecutive month, with major metros driven by tech jobs experiencing the greatest gains. The post Rent Growth Rebounds in Major Tech Hubs appeared first on theMReport.com. The post Rent Growth Rebounds in Major Tech Hubs appeared first on Appraisal Buzz.

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Mashvisor

NOVEMBER 1, 2021

In this blog post, you will learn how to flip mobile homes, why it is a good investment, and what challenges you may need to endure.

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Appraisal Buzz

NOVEMBER 1, 2021

Forbearance exits trickled to their slowest pace since late August, as the MBA reported the share of total loans in some stage of forbearance fell to 2.15% nationwide. The post GSE Loans in Forbearance Dip Below 1% Mark appeared first on DSNews. The post GSE Loans in Forbearance Dip Below 1% Mark appeared first on Appraisal Buzz.

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Mashvisor

NOVEMBER 1, 2021

Learn about owner financing, its pros and cons, and how to find owner financed homes in Fort Worth by reading this blog post.

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Mortgagebroker News

NOVEMBER 1, 2021

BoC’s current approach will do nothing to stem global inflationary pressures, expert predicts

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AmeriMac

NOVEMBER 1, 2021

One of the most critical things for new homeowners in particular to understand is where their property begins and ends. Property lines show you the exact boundaries of your property, which can be useful if you’re planning on doing any type of construction or other home improvement-related project. If you want to install a pool in your backyard, for example, it stands to reason that you n eed to know precisely how large your property actually is so that you don’t encroach on a piece o

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Mortgagebroker News

NOVEMBER 1, 2021

Pandemic impacts and affordability concerns rank high among the reasons for moving out

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Housing Wire

NOVEMBER 1, 2021

If you make your living by originating new mortgage loans, I don’t have to tell you that the business is changing. You probably already know that the MBA’s latest mortgage forecast puts the purchase money at 75% of all loan volume. You’re probably already feeling it in your business. John G. Stevens, President at SRE. If you’re planning on staying in the mortgage business in 2022, you’re probably already shifting your strategy to better enable you to originate purchase money loans next year.

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Mortgagebroker News

NOVEMBER 1, 2021

The trend accompanied a steady decline in Canada’s non-mortgage debt load

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Housing Wire

NOVEMBER 1, 2021

Staying productive and focused in the real estate market requires a combination of intelligent business decisions, technology and having a long-term approach to your strategy. In today’s fast-paced market, it’s easy for real estate agents to get caught up in scoring quick wins instead of developing a long-term strategy that guarantees sustainable success.

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Real Estate Real Estate Agent Agents Technology 410

Mortgagebroker News

NOVEMBER 1, 2021

The lender’s portfolio is “defensively positioned” with a steady stream of new loans down the line

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Housing Wire

NOVEMBER 1, 2021

Roughly seven months after it was established , the $10 billion federal Homeowner Assistance Fund is expected to begin approving state plans in the coming weeks. But many homeowners won’t receive checks until 2022. A component of the American Rescue Plan Act, the assistance fund was approved by Congress in March and allocates $10 billion to prevent homeowners from falling behind on their mortgage, losing utility services, or being displaced.

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