Housing Wire

JUNE 7, 2021

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. Building more homes, it was said, would solve all sorts of social problems, from making homeownership more affordable to ending homelessness. Today we are perhaps less prone to believing that a glut of new homes is the panacea society is waiting for, but the siren call to build more homes continues to be broadcast by a host of housing pundits and social do-gooders

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Appraisal Buzz

JUNE 7, 2021

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Our free webinar, “ Components of AMC Training ” will be held on June 10th at 2 pm with Josh Walitt as the host. This webinar will hit on certain key topics, giving attendees an overall grasp of which processes and issues are impacted by valuation independence, USPAP, discrimination regulations, and more.

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Housing Wire

JUNE 7, 2021

United Wholesale Mortgage has been aggressively price-cutting loans to put pressure on competitors for months now. It appears they’ve just thrown gas on the fire in the hopes of boosting their second quarter numbers, while hitting their rivals ahead of earnings call season. UWM said on Monday that they’ll price-match any conventional loan on primary residences up to 35 basis points with that of 15 different competitors: Caliber Home Loans , Cardinal Financial , Citizens Bank , Financ

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Appraisal Buzz

JUNE 7, 2021

Matt Hansen, founder and CEO of SimpleNexus , a mortgage origination platform for loan officers, borrowers, real estate agents and settlement agents, is stepping down from his CEO role to lead a newly formed skunkworks unit, the company reports. Current President Cathleen Schreiner Gates will take over Hansen’s CEO role. Hansen will remain heavily involved with the firm, where he will double down on customer focus leading a task force of software developers and sales.

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Housing Wire

JUNE 7, 2021

Homebuyers are feeling pretty discouraged by the housing market these days. The latest Fannie Mae Home Purchase Sentiment Index shows that just 35% of consumers believe now is a good time to buy a home, down from 47% in April. And those who believe it is a bad time to be a homebuyer increased to 56% from 48%. “Consumers appear to be acutely aware of higher home prices and the low supply of homes , the two reasons cited most frequently for that particular sentiment,” said Doug Duncan,

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Appraisal Buzz

JUNE 7, 2021

PERSON OF THE WEEK: Mortgage lenders and servicers have made great strides during the past 10 years or so in terms of fostering diversity, equity, inclusion and opportunity within their organizations. This includes implementing best practices, tackling complex issues and eliminating barriers, as well as creating networking opportunities that advance overall diversity, equity and inclusion within the industry.

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Appraisal Buzz

JUNE 7, 2021

A selection of mortgage executives discuss the wisdom that shaped their careers and the lessons they’re passing on to others to help shape the industry’s future. The post Lessons That Last appeared first on theMReport.com. The post Lessons That Last appeared first on Appraisal Buzz.

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Housing Wire

JUNE 7, 2021

Servicers’ forbearance portfolio volumes decreased again last week, falling two basis points to 4.16%, according to a survey from the Mortgage Bankers Association. Despite May 30 marking the 14th consecutive week of overall declines, a nearly equal number of forbearance exits and re-entries have left forbearance portfolio volumes essentially unaltered.

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Appraisal Buzz

JUNE 7, 2021

The National Association of Realtors President says NAR has partnered with the LGBTQ+ Real Estate Alliance in the fight against discrimination. The post Nonprofits Collaborate to Support LGBTQ+ Housing Policies appeared first on theMReport.com. The post Nonprofits Collaborate to Support LGBTQ+ Housing Policies appeared first on Appraisal Buzz.

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JMV Lending

JUNE 7, 2021

APPRAISAL REVIEWS SLOW DOWN JUMBO FINANCING The appraisal review requirement is one of the reasons why jumbo loans take at least a week longer to close than conforming (Fannie/Freddie) loans. These appraisal reviews take anywhere from two to five days and can only be performed of course after the appraisal report is complete. This is […]. The post Appraisal Reviews = Collateral Reviews = CDAs = DELAYS (Mostly For Jumbo) appeared first on JVM Lending.

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Appraisal Buzz

JUNE 7, 2021

While consumers’ comfort with their financial situation appears to be improving, their pessimism about homebuying is also growing. Fannie Mae says while its Home Purchase Sentiment Index (HPSI) did tick up by 1.0 point in May to 80.0, the component reflecting responses about whether it is a good time to buy fell to a second consecutive all-time low.

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BiggerPockets

JUNE 7, 2021

One of the reasons so many people are drawn to real estate is because of the opportunity to get started with very little capital. But it's important to proceed cautiously. With a little creativity and diligence, anybody with a computer and a little networking ability can invest.

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Appraisal Buzz

JUNE 7, 2021

Tight inventory levels have spurred unprecedented home-price growth rates, resulting in profound home affordability concerns, according to the newest Mortgage Monitor Report from Black Knight Inc.’s Data & Analytics division. “Home prices grew at 14.8 percent on an annual basis in April,” says Ben Graboske, Black Knight Data & Analytics’ president. “That’s the highest annual home price growth rate we’ve ever seen – and Black Knight’s been tracking the

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Valuation Review

JUNE 7, 2021

The Appraisal Institute of Canada (AIC) has taken a significant step in its equity, diversity and inclusion efforts with the launch of its President's Council on Diversity and Inclusion. Read on for more from the AIC.

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Appraisal Buzz

JUNE 7, 2021

The Fannie Mae Home Purchase Sentiment Index (HPSI) remained relatively flat in May, increasing by 1 point to 80.0. Four of the HPSI’s six components increased month over month – most notably the components related to personal finance – as consumers reported a much greater sense of job security and improved household income compared to the same time last year.

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Valuation Review

JUNE 7, 2021

Around 17.8 million residential properties in the first quarter were considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value, according to ATTOM Data Solutions’ first-quarter 2021 U.S. Home Equity & Underwater Report. Read on to learn more.

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Appraisal Buzz

JUNE 7, 2021

With the end of forbearances on the horizon, what should the industry expect from government leadership in the months ahead? Policy experts weigh in. The post One Move Ahead appeared first on DSNews. The post One Move Ahead appeared first on Appraisal Buzz.

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Valuation Review

JUNE 7, 2021

Fannie Mae issued Lender Letter (LL-2013-10) regarding the Appraisal Quality Monitoring process to remind lenders of its appraiser selection requirements, highlight several data quality issues, and describe new processes that Fannie Mae has implemented to identify and monitor individual appraisers. Read on to learn from a few of the frequently asked questions addressed by Fannie.

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Appraisal 60

Appraisal Buzz

JUNE 7, 2021

The number of U.S. homeowners in forbearance declined for the 14th consecutive week, with the Bureau of Labor Statistics reporting strong job gains in May as more exit their plans. The post Forbearance Volume Dips With Uptick in Job Market appeared first on DSNews. The post Forbearance Volume Dips With Uptick in Job Market appeared first on Appraisal Buzz.

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Valuation Review

JUNE 7, 2021

A housing discrimination complaint filed by a Black Indianapolis homeowner alleges appraisers’ valuations of her home more than doubled after she removed items that identified her race and asked a white male friend to be there during an appraisal, according to the Associated Press. Carlette Duffy and the Fair Housing Center of Central Indiana filed complaints with the federal government, alleging appraisers violated fair housing laws.

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Appraisal Buzz

JUNE 7, 2021

Challenges such as low inventory and record-high prices are forcing more potential buyers to delay the pursuit of the home of their dreams. The post Despite Economic Shift, More Growing Wary of Home Purchases appeared first on DSNews. The post Despite Economic Shift, More Growing Wary of Home Purchases appeared first on Appraisal Buzz.

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Valuation Review

JUNE 7, 2021

A perceived endless demand and low supply have driven record-breaking home value appreciation over the past year, according to Zillow’s latest market report. April pushed the envelope even further with an annual home value growth for a typical U.S. home at 11.6 percent, the highest seen since 2005. Read on to learn more.

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Appraisal Buzz

JUNE 7, 2021

Supply and demand issues continue to worry prospective homebuyers, as an unhealthy imbalance persists in the housing marketplace. The post Homebuyer Pessimism on the Rise appeared first on theMReport.com. The post Homebuyer Pessimism on the Rise appeared first on Appraisal Buzz.

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Appraisal 195

BiggerPockets

JUNE 7, 2021

Are we in a bubble? Here are the factors in play that might impact the future, and the potential outcomes—and the probability they'll occur.

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Real Estate 77

Appraisal Buzz

JUNE 7, 2021

The numbers are in—this monthly report covers late payments, foreclosures, originations, affordability, and more. The post Delinquencies On Pace for Return to Pre-Pandemic Levels appeared first on DSNews. The post Delinquencies On Pace for Return to Pre-Pandemic Levels appeared first on Appraisal Buzz.

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Appraisal 195

Mashvisor

JUNE 7, 2021

More people are beginning to realize that real estate investing is one of the most profitable investment options available out there.

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Appraisal Buzz

JUNE 7, 2021

Inventory challenges continue to put upward pressure on prices. “It’s not getting any better, either,” analysts report. The post Record High for Annual Home Price Growth appeared first on theMReport.com. The post Record High for Annual Home Price Growth appeared first on Appraisal Buzz.

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Quicken Loans

JUNE 7, 2021

You might not think you’ll ever need to understand the basics of power of attorney, which is the act of granting someone else the power to sign legal documents on your behalf. But don’t be so sure – life can take some unexpected turns. There might be a time when you need to grant power of attorney, also known as POA, to someone else. There might also be a time when you’re on the other end of this arrangement, taking on power of attorney duties for someone else.

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Appraisal Buzz

JUNE 7, 2021

Still, net production profits reached their highest level for any first quarter since the 2008 inception of this report. The post Independent Mortgage Banker Profits Decreased in Q1 appeared first on theMReport.com. The post Independent Mortgage Banker Profits Decreased in Q1 appeared first on Appraisal Buzz.

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East Coast Appraisal

JUNE 7, 2021

If you're thinking about selling your home, you probably want to know what it's really worth. The best way to do this is with an appraisal. During an appraisal, your home is inspected and photographed to determine the current market value. If you would like to know more, check out these commonly asked questions about the home appraisal process. What Does an Appraiser Look For?

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Appraisal Process Appraisal Home Value Modernization 52

Appraisal Buzz

JUNE 7, 2021

New Chief Information Officer brings more than two decades of leadership in the mortgage and tech space to ramp up national servicer’s IT efforts. The post Erick Bryant Named CIO of AHP Servicing appeared first on DSNews. The post Erick Bryant Named CIO of AHP Servicing appeared first on Appraisal Buzz.

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Mortgagebroker News

JUNE 7, 2021

Experts weigh in on the perfect time to list a home in the region

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Appraisal Buzz

JUNE 7, 2021

Visionet Systems Inc. has debuted DocVu.AI – an AI-driven intelligent document processing platform that enables clients to seamlessly extract, analyze, search and manage datasets from mortgage documents. “DocVu.AI is the next-generation platform that accelerates the processing of large volumes of structured and unstructured data,” explains Alok Bansal, CEO of banking and financial services business at Visionet.

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Mortgagebroker News

JUNE 7, 2021

Those looking for signs of easing price pressure "will be disappointed"

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