Housing Wire

JUNE 9, 2021

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. In discussing whether more financial institutions should have a duty to serve the capital and credit needs of lower-income communities — an obligation akin to that of banks under the Community Reinvestment Act (CRA) — he said that generally “ like activities should have like

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Appraisal Buzz

JUNE 9, 2021

In today’s Buzzcast, we dive into the history of zoning in the housing industry and how past practices shape the problems we are currently experienced today. Today we have Ed Pinto, Resident Fellow and the Director of Housing at the American Enterprise Institute (AEI) with Joan Trice, Founder of Allterra Group, LLC. They delve into a deep discussion regarding zoning practices of the past and how a “product of the times” impacts where we are today.

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Housing Wire

JUNE 9, 2021

For the third week in a row, mortgage applications decreased. Mortgage applications fell 3.1% in the week ending June 4, and refis took the biggest dip, according to the latest report from the Mortgage Bankers Association. “Most of the decline in mortgage rates came late last week, with the 30-year fixed-rate mortgage declining to 3.15 percent,” said Joel Kan, the MBA’s vice president of economic and industry forecasting.

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Appraisal Buzz

JUNE 9, 2021

Mortgage Coach has added debt consolidation strategies in the Total Cost Analysis (TCA) presentation, allowing loan originators to educate consumers on lower interest debt repayment options as peaking home equity values offer household cashflow relief. According to first quarter data from the Federal Reserve, there is $21 trillion in U.S. home equity and about $4.6 trillion in non-mortgage consumer debt such as credit cards, auto loans and college loans, with revolving and student debt having.

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Housing Wire

JUNE 9, 2021

As the appraisal industry struggles to meet demand, Voxtur has developed a solution to streamline the process. HousingWire recently spoke with Jim Albeertelli, CEO of Voxtur, about the company’s r ecent acquisition and launch of an automated workflow management platform for the global market. HousingWire: What can the industry at large do to support the work of appraisers right now?

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Appraisal Buzz

JUNE 9, 2021

Five Star’s virtual Government Forum assembled leaders from the mortgage space and regulators for a day of topical discussions and sessions shedding insight into what lies ahead for mortgage professionals as they emerge from the pandemic. The post Government Forum Unites Mortgage & Government Thought Leaders appeared first on theMReport.com. The post Government Forum Unites Mortgage & Government Thought Leaders appeared first on Appraisal Buzz.

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Appraisal Buzz

JUNE 9, 2021

The Mortgage Bankers Association’s (MBA) latest Weekly Mortgage Applications Survey shows that for the week ending June 4, applications decreased 3.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index decreased 13 percent compared with the previous week. The Refinance Index decreased 5 percent from the previous week and was 27 percent lower than the same week one year ago.

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George Dell

JUNE 9, 2021

I was curious about what is “critical race theory”. I didn’t understand what it was about. The Sunday paper article – yes, I still read the morning newspaper every morning. seemed to summarize CRT and the oblong political football it seems to have become. Why critical? Why Theory? And what does this […]. The post Critical Appraisal Theory? appeared first on George Dell, SRA, MAI, ASA, CRE.

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Appraisal Buzz

JUNE 9, 2021

On Wednesday, Five Star’s one-day virtual event brought together execs from the mortgage industry with governmental agency representatives to share ideas and insights about the future of the mortgage marketplace. The post Industry and Government Collaborate on Solutions appeared first on DSNews. The post Industry and Government Collaborate on Solutions appeared first on Appraisal Buzz.

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Urban

JUNE 9, 2021

It is cheaper to buy a home than it is to rent in two-thirds of US counties. Homeownership can provide the kind of affordability and stability low-income families need.

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Appraisal Buzz

JUNE 9, 2021

Industry pros regularly worry about things like enhancing customer experience and employee productivity, but a recent survey revealed some executives’ surprising anxieties. The post Lenders’ No. 1 Concern appeared first on theMReport.com. The post Lenders’ No. 1 Concern appeared first on Appraisal Buzz.

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Appraiserblogs

JUNE 9, 2021

Lenders are convinced that a statistically supported appraisal is a more reliable valuation. Wow! Does anyone that understands the home valuation process really think a “statically supported” appraisal makes for a better quality report? This is not that hard to understand. What does “statically supported” really mean? It means you get a computerized report, similar to what Zillow or Trulia provides, based on the information in public records.

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Appraisal Buzz

JUNE 9, 2021

Even with rates bordering the 3% mark, both purchase applications and refi volume saw slight declines this week with the continued cloud of low inventory and high prices factoring into homebuyer’s decisions. The post Purchase Volume and Refis Tail Off appeared first on theMReport.com. The post Purchase Volume and Refis Tail Off appeared first on Appraisal Buzz.

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Valuation Review

JUNE 9, 2021

BBG recently announced its expert in ligation support services played a significant role in a recent New York State Supreme Court condemnation case that awarded more than $15 million to the owner of a Queens, N.Y. retail building, the company stated in a press release. New York Supreme Court Queens County Judge Carmen Velasquez ruled in April that the Metropolitan Transportation Authority (MTA), which took possession of the property through an eminent domain action six years ago, must pay $15.43

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Appraisal Buzz

JUNE 9, 2021

In this new role, Samia DeMarco will be focusing on new customer acquisition with banks, mortgage companies, mortgage brokers, and credit unions across the nation. The post Birchwood Credit Services Announces Director of Sales appeared first on theMReport.com. The post Birchwood Credit Services Announces Director of Sales appeared first on Appraisal Buzz.

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Valuation Review

JUNE 9, 2021

Swift Mortgage, LLC, a nationwide mortgage lender, will be joining the AppraisalVision network to utilize their SMARTOrder + Encompass by Ellie Mae integration, SMARTReview, and Vision Analytics, the companies announced in a release. Read on to learn more.

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Appraisal Buzz

JUNE 9, 2021

Mortgage application activity slowed further during the week ended June 4, a short business week due to Monday’s Memorial Day holiday. The impact of the holiday was magnified in annual comparisons because it occurred a week earlier in 2020. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage application volume, decreased 3.1 percent on a seasonally adjusted basis compared to the prior week and was down 13 percent on an unadjusted.

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BiggerPockets

JUNE 9, 2021

If you're seeking creative ways to finance your next investment property, you've likely debated hard money vs private money. The topics of hard money and private money can be pretty convoluted. Learn more here.

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Appraisal Buzz

JUNE 9, 2021

Unaffordable housing in some of America’s most LBGTQ+-friendly cities have many looking for alternatives, so researchers sought out some lesser known LBGTQ+ meccas. The post Top 10 Metros for LBGTQ+ Homeowners appeared first on DSNews. The post Top 10 Metros for LBGTQ+ Homeowners appeared first on Appraisal Buzz.

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BiggerPockets

JUNE 9, 2021

June brings summer weather and home-buyers en masse… and hurricanes, too. While this season isn’t expected to be as intense as last year, which saw a record-breaking 30 named storms—12 […].

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Appraisal Buzz

JUNE 9, 2021

Many LGBTQ+ homebuyers are priced out of popular destinations such as San Francisco and New York— this June study reveals the top 10 metros, based on both quality of life and median list prices. The post Best Cities for LGBTQ+ House Hunters appeared first on theMReport.com. The post Best Cities for LGBTQ+ House Hunters appeared first on Appraisal Buzz.

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Valuation Review

JUNE 9, 2021

Valbridge Property Advisors, the largest independent commercial appraisal and advisory firm in the U.S., announced a strategic partnership with Coverlease, a cloud-based commercial real estate (CRE) lease data collection and aggregation platform, the company announced in a press release. As a fast-growing leader in valuation technology, Valbridge Property Advisors said its strategic partnership with Coverlease demonstrates the company’s commitment to emerging technologies designed to benefit the

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Appraisal Buzz

JUNE 9, 2021

For the 10th straight month, Ginnie Mae MBS issuance has surpassed the $75 billion mark, keeping pace after a record month in April. . The post Ginnie Mae Reports 288,000-Plus Homes Financed in May appeared first on DSNews. The post Ginnie Mae Reports 288,000-Plus Homes Financed in May appeared first on Appraisal Buzz.

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Valuation Review

JUNE 9, 2021

ATTOM Data Solutions’ second-quarter 2021 Vacant Property and Zombie Foreclosure Report found 1.4 million residential properties in the United States are vacant this quarter, representing 1.4 percent of all homes, ATTOM announced in a release. The report analyzes publicly recorded real estate data collected by ATTOM Data Solutions — including foreclosure status, equity, and owner-occupancy status — matched against monthly updated vacancy data.

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Appraisal Buzz

JUNE 9, 2021

Researchers found that while flood risk is escalating in many parts of the country, it doesn’t appear to be a deal-breaker for large number of house hunters. The post Premium for High Flood Risk Homes Rose During Pandemic appeared first on DSNews. The post Premium for High Flood Risk Homes Rose During Pandemic appeared first on Appraisal Buzz.

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Appraisal 195

BiggerPockets

JUNE 9, 2021

Normally we have two hosts and one guest, but today we have three hosts, and one of them happens to be a guest as well. We welcome Tony J Robinson, […].

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Real Estate 73

Appraisal Buzz

JUNE 9, 2021

. In today’s Buzzcast, we dive into the history of zoning in the housing industry and how past practices shape the problems we are currently experienced today. Today we have Ed Pinto, Resident Fellow and the Director of Housing at the American Enterprise Institute (AEI) with Joan Trice, Founder of Allterra Group, LLC. They delve into a deep discussion regarding zoning practices of the past and how a “product of the times” impacts where we are today.

Appraisal 195

Appraisal 195

Assurance Financial

JUNE 9, 2021

Updated: 6/9/2021. The past 12 months have been filled with lots of change in the real estate market, but that continues even as we move past the pandemic and the marketing is still exploding in 2021! You have obviously heard a lot of buzz about interest rates back in 2020. As a result of concerns about coronavirus, the Federal Reserve (Fed) cut interest rates, first to 1.0% at the beginning of March 2020 — down from 1.5% — then to 0.25% a few weeks later.

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Appraisal Buzz

JUNE 9, 2021

A spokesperson from the homebuilding company says the launch of a “to-be-built” tool reflects “the way consumers prefer to shop and engage with brands in today’s evolving world of eCommerce.” The post Build a Home Online: Taylor Morrison’s Latest Technology appeared first on theMReport.com. The post Build a Home Online: Taylor Morrison’s Latest Technology appeared first on Appraisal Buzz.

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BiggerPockets

JUNE 9, 2021

Many great tenants have pets—but landlords need to ensure those pets are great, too. Here are some tips to ensure Fido won't ruff up your rental.

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Valuation Review

JUNE 9, 2021

Cherry Creek Mortgage announced that David Arnett has been promoted to chief marketing officer, according to a company release. Read on to find out more.

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Mashvisor

JUNE 9, 2021

No doubt that investing in real estate is one of the best ways to make money in the short term and build wealth in the long run.

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Valuation Review

JUNE 9, 2021

Nations Lending welcomed industry veteran Tim Dowling to its team as Midwest regional manager. Read on to find more about this new hire.

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Quicken Loans

JUNE 9, 2021

For years, each time a client in New York State decided to refinance their home , they would pay a state mortgage recording tax on the entire new loan amount. But living in the Empire State shouldn’t have to mean paying a lot of taxes to refinance your empire. Thankfully for residents of New York, there’s a workaround when it comes to refinancing. It’s called a CEMA loan.

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