Housing Wire
SEPTEMBER 1, 2021
A 50-year-old former unlicensed mortgage broker from Long Island, New York, pleaded guilty Wednesday to defrauding clients and wholesale lenders out of $4.7 million in mortgage refinancing proceeds that were supposed to pay off existing client mortgages. Brent Kaufman, of Commack, New York, faces up to 30 years in prison, as well as forfeiture and a fine of up to $1 million.
Appraisal Buzz
SEPTEMBER 1, 2021
In today’s Buzzcast, we dive into the appraisal process and how appraisers need to remain in the forefront of it all. Today we have Mark Walser, President of Incenter Appraisal Management, with Joan Trice, Founder of Allterra Group, LLC. We’ll be getting the inside scoop while Joan and Mark discuss how appraisers are the most important part of the transaction.
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Housing Wire
SEPTEMBER 1, 2021
“It was here, in Springfield, where North, South, East and West come together, that I was reminded of the essential decency of the American people, where I came to believe that through this decency, we build a more hopeful America.”. Barack Obama uttered those words on the footsteps of the Illinois state capitol in 2007 – a speech where the former Illinois state senator declared his candidacy for president.
Appraisal Buzz
SEPTEMBER 1, 2021
U.S. house prices rose 17.4% from the second quarter of 2020 to the second quarter of 2021, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices were up 4.9% compared to the first quarter of 2021. FHFA’s seasonally adjusted monthly index for June was up 1.6% from May. “During the second quarter, house prices peaked in June with an 18.8 percent growth rate compared to a year ago,” observes.
Housing Wire
SEPTEMBER 1, 2021
CU Direct ’s Origence , which provides mortgage loan tech to lenders, has laid off nearly three dozen workers. A company spokesperson said Origence laid off 34 employees on Aug. 17, in multiple departments, as it continues to “build efficiency in its technology operations.”. In a written statement, Bob Child, COO of Origence, said that letting go of talent is “never easy” but is required at times to “remain competitive in the marketspace.
Appraisal Buzz
SEPTEMBER 1, 2021
U.S. home prices continued to hit new highs in June, rising 1.7% compared with May and soaring 18.6% above June 2020, according to the S&P CoreLogic Case-Shiller home price index. The index’s 10 city composite, measuring home price growth in the 10 largest metros, saw an annual increase of 18.5%, while the 20-city composite saw an annual increase of 19.1%.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
SEPTEMBER 1, 2021
Homespire Mortgage, which has 32 branches across 42 states, has named Stephanie Sailor as its new vice president of secondary marketing. A seasoned mortgage industry executive with more than 20 years of experience, Sailor will be leading Homespire’s initiatives related to loan purchasing, sales and servicing transfers. Prior to joining Homespire, she worked extensively in the secondary marketing space with leading lenders, including PrimeLending and Nationstar Mortgage, developing and supporting
Housing Wire
SEPTEMBER 1, 2021
The reverse mortgage industry is perhaps overly familiar with having a need to fact-check certain claims about the product category made by financial commentators, some of which are very well-known by the general public while others are simply ubiquitous enough to warrant the need for competing educational materials. However, one reverse mortgage industry professional has taken particular issue with personal finance personality Dave Ramsey’s consistent critiques of the reverse mortgage product,
Appraisal Buzz
SEPTEMBER 1, 2021
Federal agencies detail assistance available to servicers and property owners in presidentially declared major disaster areas throughout Louisiana. The post Hurricane Ida Disaster Resources appeared first on DSNews. The post Hurricane Ida Disaster Resources appeared first on Appraisal Buzz.
Housing Wire
SEPTEMBER 1, 2021
Brena Nath HW+ Managing Editor. Did you dream about getting into the mortgage industry? It’s a question — an often joked about question — that I think we’ve all heard before when chatting with others in the space. Personally, my own answer is no, but here I am nearly eight years later still in it, albeit from the journalism side. I distinctly remember my first interview at HousingWire.
Appraisal Buzz
SEPTEMBER 1, 2021
New offering allows appraisers to control a homeowners’ smartphone camera to capture time-stamped images from a remote location. The post Incenter Announces RemoteVal Inspection Technology appeared first on DSNews. The post Incenter Announces RemoteVal Inspection Technology appeared first on Appraisal Buzz.
George Dell
SEPTEMBER 1, 2021
Reform? What is the real problem? We know of meltdowns. We hear of bias. And we see the “American Dream” may be just a dream. So what about government? Why? And what part might appraisals play in these issues? More importantly, what keeps us from implementing solutions? Can government agencies (such as FFIEC and the […]. The post Can Government Reform Government?
Appraisal Buzz
SEPTEMBER 1, 2021
Mortgage application volume declined again last week , dragged down by flagging refinance activity. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of that volume, decreased 2.4 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index was down by 3 percent. The Refinance Index decreased 4 percent from the previous week and was 2 percent higher than the same week one year ago.
Urban
SEPTEMBER 1, 2021
How can changes in local and federal policy improve housing stability, housing affordability, and wealth building opportunities for Black, Indigenous, and Latinx communities?
Appraisal Buzz
SEPTEMBER 1, 2021
LendingHome, major U.S. lender to real estate investors, announced it will change its name, rebranding as Kiavi, which comes from the phonetic representation of the Italian word “chiave,” meaning “key” in English. The company says in a press release that, as Kiavi, it plans to expand its support of real estate investors, helping them unlock … The post LendingHome Rebrands to Kiavi appeared first on theMReport.com.
GoForrmz
SEPTEMBER 1, 2021
Digitally transform how you research, rent, buy, sell, and manage properties PropTech (Property Technology) is the newest real estate industry buzzword, highlighting real estate’s growing focus on modernizing and improving the industry through technology and the digital landscape. Companies like Zillow, Compass, Airbnb, and others, have helped pave the way for real estate’s digital transformation – proving that digital platforms can provide significant value for real estate teams.
Appraisal Buzz
SEPTEMBER 1, 2021
PERSON OF THE WEEK: How is technology helping LOs enhance client and partner relationships in the post-COVID landscape? To find out, MortgageOrb recently interviewed Juan Farias, branch manager in Homespire Mortgage ‘s Orlando office, where he and his team work with all clients – from first-time home buyers to military personnel to first responders to experienced investors – to help them achieve their dreams of homeownership.
Midtown Appraisal Group
SEPTEMBER 1, 2021
No one loves them, but they’re not that bad Whether you’re a homeowner looking to refinance your mortgage, a home buyer with your heart set on the dream home you finally found, or a home seller hoping that the conditional offer you got will finally firm up: Sooner or later there’ll be a need for […].
Appraisal Buzz
SEPTEMBER 1, 2021
Mortgage applications decreased 2.4% from one week earlier, according to data from the Mortgage Bankers Association ’s (MBA) Weekly Mortgage Applications Survey for the week ending August 27, 2021. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.4% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 3% compared with the previous week.
The Robert Weiler Company
SEPTEMBER 1, 2021
Are you still sticking with your New Year’s resolutions of becoming more organized? Maybe you can up the ante after landing a new small office space for rent! For many business owners, the beginning of the year marks the time to start fresh and work on efficiency. Perhaps, in an effort to do so, you have decided to begin with a completely blank canvas for your small business by relocating to a new officespace.
Appraisal Buzz
SEPTEMBER 1, 2021
The FHFA has raised the amount each GSE can invest to up to $850 million annually in the Low-Income Housing Tax Credit market to support markets that have difficulty attracting investors. The post GSEs Boost Their Investment in Safe and Affordable Housing appeared first on theMReport.com. The post GSEs Boost Their Investment in Safe and Affordable Housing appeared first on Appraisal Buzz.
The Robert Weiler Company
SEPTEMBER 1, 2021
If you are one of over 15 million avid hunters in the United States, then you know the importance of pristine hunting land for sale. Whether you are in search of the perfect place to visit with your buddies or a property where you can truly “live off the land,” there is a checklist that you must follow. So, what should you be looking for? What are the perfect ingredients that create ideal hunting land conditions?
Appraisal Buzz
SEPTEMBER 1, 2021
The White House—with HUD, FHFA, Treasury, and other departments—announced a a series of actions aimed at removing barriers to homeownership. The post Government Agencies Seek Affordable-Housing Solutions appeared first on DSNews. The post Government Agencies Seek Affordable-Housing Solutions appeared first on Appraisal Buzz.
JMV Lending
SEPTEMBER 1, 2021
“Your godda d appraiser only gave $7,500 to my basement after I spent 85,000 f**king dollars finishing it! Go f yourself!” So said a borrower to me years ago after he reviewed an appraisal of his home that he clearly did not like (to put it mildly). Knowing that “the customer is always right,” I tried […]. The post Don’t Finish Your Basement (or Garage or Patio) IF… appeared first on JVM Lending.
Appraisal Buzz
SEPTEMBER 1, 2021
Several government agencies are collaborating to reduce obstacles to owning and building houses in America. The post White House, HUD Act to Add Homes to Market appeared first on theMReport.com. The post White House, HUD Act to Add Homes to Market appeared first on Appraisal Buzz.
BiggerPockets
SEPTEMBER 1, 2021
Robert Kiyosaki is arguably the most influential author in the finance, real estate, and investing space. His book, Rich Dad Poor Dad, has sold over thirty million copies and has […].
Appraisal Buzz
SEPTEMBER 1, 2021
Economic uncertainty and a rise in Delta variant cases has kept mortgage rates low over the past month, with refinance volume wavering, yet continuing to outpace purchase apps. The post Mortgage Apps Continue to Ride the Refi Wave appeared first on theMReport.com. The post Mortgage Apps Continue to Ride the Refi Wave appeared first on Appraisal Buzz.
BiggerPockets
SEPTEMBER 1, 2021
Once you find a promising property to invest in, you need to focus on things that will allow you to increase the value of that property. Smart investors understand how to add value to an asset, creating forced appreciation.
Appraisal Buzz
SEPTEMBER 1, 2021
Incenter Appraisal Management ’s new RemoteVal technology works to streamline one of the biggest bottlenecks in mortgage lending: appraisals. Already being piloted nationally, RemoteVal is empowering appraisers to complete thorough, compliant appraisal inspections without ever leaving their desks. A homeowner or another individual must be at the property while they are conducting an appraisal.
Lamacchia Realty
SEPTEMBER 1, 2021
HOW TO PACK YOUR HOUSE LIKE A PRO. Getting ready to move? The key to a smooth moving process is organization. Here are some tips on the best way to pack when moving out of your home, whether you’re moving across town or relocating ! Packing Materials The first step to pack like a pro is getting all your packing supplies together. Depending on the number of rooms you have, make sure you have plenty of sturdy boxes that close.
Appraisal Buzz
SEPTEMBER 1, 2021
To simplify the administrative processes of origination, digital mortgage platform LenderHomePage is integrating loan origination software developer Integra Software Systems’ browser-based LOS system for facilitating the mortgage operation from origination to closing. LenderHomePage’s digital mortgage software products include Loanzify POS and Loanzify Mortgage Mobile App.
Mashvisor
SEPTEMBER 1, 2021
Whether you are a rental property owner or manager, denying rental applications is something that you will have to do at some point.
Kairos Appraisal Services
SEPTEMBER 1, 2021
As an AMC, we spend a lot of time talking and thinking about the responsibility of appraisers in the housing market and the vital role they play. We’re so grateful for the many incredible appraisers we work with daily and are always looking for ways to help our appraisers be more efficient and generally better… The post The Responsibility of Appraisers appeared first on Kairos.
Mortgagebroker News
SEPTEMBER 1, 2021
The current conversation surrounding foreign buyers is missing some valuable context, says a real estate executive
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