Housing Wire

SEPTEMBER 27, 2021

Servicers’ forbearance portfolio volume dropped last week to a level below 3.00% for the first time in 18 months. The total number of loans in forbearance decreased by four basis points to 2.96% as of Sept. 19, according to the Mortgage Bankers Association (MBA). The most notable decline was in the portfolio loans and private-label securities (PLS) category, dipping by four basis points to 6.91%, after a drop of 32 bps in the prior week.

Mortgage 410

Mortgage Marketing 410

Appraisal Buzz

SEPTEMBER 27, 2021

You can hardly post anything on an appraisal forum or social media without the first 17 comments stating, “I do non-lender work.” This response reminds me of the fitness culture several years ago, when it felt as though everyone I met would first tell me that they did CrossFit, sometimes before even stating their name. Despite the way such statements are often delivered, it’s important to admit that these people are on to something.

Real Estate Agent 370

Real Estate Agent Real Estate Valuation Appraisal 370

Housing Wire

SEPTEMBER 27, 2021

If last year gave rise to a slew of announcements of initiatives to address issues of racial equity, now is the time to give force to those promises. Laura Brandao, president and partner of American Financial Resources , Tai Christensen, director of government affairs and chief diversity and inclusion officer at CBC Mortgage Agency and Montell Watson, director of corporate strategy at Movement Mortgage , took the stage to offer some “practical tips” for mortgage lenders to narrow the racial home

Mortgage 365

Mortgage Government Business 365

Appraisal Buzz

SEPTEMBER 27, 2021

PERSON OF THE WEEK: Mortgage lenders and servicers are readying for a wave of foreclosures resulting from the sunsetting of pandemic-related foreclosure moratoriums – however, with mortgage relief options available to borrowers on the state level and an improving job market, it’s difficult to say how bad the situation will become. Regardless, lenders and servicers must have the resources and infrastructure in place to accommodate a spike in defaults in a compliant manner.

Investors 195

Investors Mortgage Appraisal Marketing 195

Housing Wire

SEPTEMBER 27, 2021

Howard Hanna Jr., the founder of the eponymous Howard Hanna Real Estate Services, died on Saturday , according to an announcement made on the brokerage’s Facebook page. “It is with our deepest sadness that we share the news of our founder, Mr. Hanna’s passing earlier today, September 25, 2021,” the post read. “At 101 years old, we are fortunate that we had a century with the pillar of our family, a business leader, and a community supporter.

Real Estate 326

Real Estate Brokerage Insurance Agents 326

Appraisal Buzz

SEPTEMBER 27, 2021

The MBA reports that forbearance volume has dipped below the 3% mark for the first time since March 2020, despite a slight uptick in the number of Ginnie Mae loans in forbearance. The post Mortgage Forbearance Volume Drops to 18-Month Low appeared first on DSNews. The post Mortgage Forbearance Volume Drops to 18-Month Low appeared first on Appraisal Buzz.

Mortgage 195

Mortgage Appraisal 195

Appraisal Buzz

SEPTEMBER 27, 2021

The volume of real estate purchases by international buyers dropped to their lowest levels in a decade over the last year, as a result of the pandemic. The post Foreign Real Estate Investors Plot Their Return appeared first on DSNews. The post Foreign Real Estate Investors Plot Their Return appeared first on Appraisal Buzz.

Real Estate 195

Real Estate Investors Buyers Appraisal 195

Appraiserblogs

SEPTEMBER 27, 2021

Fannie Mae wants to hear from you about racial bias in appraisals. The survey closes on October 3, 2021. News media reports alleging racial bias in home appraisals have turned a spotlight on the appraisal process in the mortgage industry. We at Fannie Mae take allegations of appraisal bias seriously, and as one of the largest consumers of residential appraisals in the United States, we want to make sure we are doing all we can to identify and help prevent it.

Appraisal 91

Appraisal Appraisal Process Real Estate Mortgage 91

Appraisal Buzz

SEPTEMBER 27, 2021

New actions taken by the FHA will address the continued impact of the pandemic on individuals and families across the country at-risk of losing their home. The post FHA Reveals New COVID Forbearance Relief Options appeared first on DSNews. The post FHA Reveals New COVID Forbearance Relief Options appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

McKissock

SEPTEMBER 27, 2021

[link]. At some point in your real estate career, you’re going to need the ability to write inspiring real estate listing descriptions to sell properties fast. Being a real estate agent requires you to be a great seller and one of the first impressions potential buyers will have of you is the real estate listing descriptions you write for your properties.

Real Estate 94

Real Estate Real Estate Agent Buyers Agents 94

Appraisal Buzz

SEPTEMBER 27, 2021

Snapdocs Inc. has launched Closing Quality Control, a new solution that uses patented technology alongside Snapdocs’ settlement network to eliminate errors in mortgage closings. Closing Quality Control also automates a number of slow, manual post-closing processes to ensure lenders can operate as efficiently as possible after each closing is complete.

Mortgage 195

Mortgage Technology Appraisal 195

Valuation Review

SEPTEMBER 27, 2021

Opteon, an international provider of valuation, advisory, and property services, has acquired Valucentric, the company announced in a release. Opteon uses technology to deliver an average of 2-day turn times and on-demand same-day appraisals. Read on for more details.

Valuation 78

Valuation Technology Appraisal 78

Appraisal Buzz

SEPTEMBER 27, 2021

With more than 420,000 households having received Emergency Rental Assistance in August, program grantees have distributed approximately $7.7 billion since January to support housing stability nationwide. The post $2.3 Billion-Plus Allocated in Emergency Rental Assistance appeared first on theMReport.com. The post $2.3 Billion-Plus Allocated in Emergency Rental Assistance appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Housing Wire

SEPTEMBER 27, 2021

Real estate agent Joshua Alayon was fired by his brokerage Travers Miran Realty after getting caught up in a data hack earlier this month. According to data obtained by “hacktivist collective” Anonymous , from domain registrar Epik, Alayon allegedly tried to register several domains expressing far-right views including theholocaustisfake.com, whitechristianrepublican.com, whitesencyclopedia.com and Chinese-coronavirus.com.

Agents 78

Agents Realty Real Estate Agent Brokerage 78

Appraisal Buzz

SEPTEMBER 27, 2021

Former CoreLogic, Fannie Mae, and IBM leader to head strategic initiatives to accelerate the firm’s market growth and industry innovation. The post Candor Names Tom Booker Chief Strategy Officer appeared first on theMReport.com. The post Candor Names Tom Booker Chief Strategy Officer appeared first on Appraisal Buzz.

Appraisal 195

Appraisal Marketing 195

Valuation Review

SEPTEMBER 27, 2021

Paradatec, Inc., a provider of AI-based document classification and data extraction technology for mortgage loan processing, now offers its software in the cloud. The company said it is the leading optical character recognition vendor in the world and helps three of the 10 largest mortgage lenders and four of the 10 largest mortgage servicers in the U.S. automate the processing of loan documents.

Technology 60

Technology Mortgage 60

Appraisal Buzz

SEPTEMBER 27, 2021

According to an analysis of Census data, consumer complaint submission patterns were found to vary by demographic characteristics. The post CFPB Examines Consumer Complaint Data Among Races appeared first on DSNews. The post CFPB Examines Consumer Complaint Data Among Races appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Valuation Review

SEPTEMBER 27, 2021

Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) which showed the 30-year fixed-rate mortgage averaged 2.88 percent. The PMMS also outlines 15 and 5-year rates.

Mortgage 60

Mortgage Marketing 60

Appraisal Buzz

SEPTEMBER 27, 2021

A new analysis by the CFPB has found that complaints from wealthier communities were more frequently about loan origination and performing servicing over the course of 2020. The post Complaints About Loan Originations Rise by Nearly 50% appeared first on theMReport.com. The post Complaints About Loan Originations Rise by Nearly 50% appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Valuation Review

SEPTEMBER 27, 2021

The Credit Union National Association (CUNA) generally supports the Federal Housing Finance Agency’s (FHFA) enforcement of fair lending laws but urges the agency to ensure monitoring and enforcement does not generate costly new requirements or increased regulatory burden, according to a release from CUNA. CUNA submitted its comments in response to the FHFA’s policy statement on fair lending.

Lending 60

Lending Law Finance 60

BiggerPockets

SEPTEMBER 27, 2021

So many BiggerPockets listeners are out there killing it in the world of real estate investing. But, with growth and positive change comes more and more questions. On today’s coaching […].

Real Estate 71

Real Estate Investing Marketing 71

Valuation Review

SEPTEMBER 27, 2021

BBG recently acquired five Integra Realty Resources appraisal offices in the southeastern U.S. Terms of the acquisition were not disclosed. Read on for more information.

Realty 78

Realty Appraisal 78

Mashvisor

SEPTEMBER 27, 2021

This article is going to talk about the best places to live in Georgia based on cost. Why Georgia?

Investing 71

Investing Investors 71

CA Realty Training

SEPTEMBER 27, 2021

By: Karen D. Friedman. If you want a career as a real estate agent, it all starts with getting your license. . Remember that getting a real estate license is a privilege. As with any license, it comes with rules and regulations that you must adhere to. . If you break rules there will be consequences. Some of those consequences can result in more than a fine.

Real Estate 47

Real Estate Real Estate Agent Training Realty 47

Real Quantum

SEPTEMBER 27, 2021

Time to End the Tyranny Of Spreadsheets in Commercial Appraisal. T he Financial Times published an article recently, “ The Tyranny of Spreadsheets ” by Tim Harford. It’s about the unexpected problems that can come up when using a spreadsheet application like Excel or Google Sheets. This is a tool that everyone has access to and has become very handy for all kinds of things other than accounting.

Appraisal 36

Appraisal Tools Valuation Real Estate 36

Housing Wire

SEPTEMBER 27, 2021

Exponentially increase your loan officers’ origination potential without incurring additional expense? Sounds too good to be true, doesn’t it? However, today more than ever before, this ambitious goal is within reach thanks to the marketing power of the internet via social media. The single biggest challenge to success with social media is managing regulatory compliance.

Loan Officers 370

Loan Officers Training Development Technology 370

GoForrmz

SEPTEMBER 27, 2021

Effortlessly complete and share professional, accurate digital service tickets with employees, coworkers, clients, and more Digital service tickets provide service departments of all industries – from IT departments to repair shops and construction companies – with an efficient, seamless way of collecting critical data and information. Your digital service tickets can be easily equipped with a variety of field types and Logic to enhance and improve the completeness and accuracy of collected data

Clients 142

Clients Business Construction 142

Housing Wire

SEPTEMBER 27, 2021

You’re about to read another story about instant homebuying, or iBuying. That’s even though iBuying sales made up less than 0.5% of the total U.S. residential real estate market in the second quarter of 2021, according to a report from Redfin. If iBuying ran for public office, it would need to more than double its market share to garner 2020 Libertarian Party presidential candidate Jo Jorgenson’s percentage of the popular vote.

Real Estate 367

Real Estate Renovations Business Investing 367

Appraisal Buzz

SEPTEMBER 27, 2021

As COVID-mandated travel restrictions begin to loosen, foreign investors may flee the coasts and begin exploring single-family homes inland. The post What to Expect When Foreign Investors Resume Purchasing appeared first on theMReport.com. The post What to Expect When Foreign Investors Resume Purchasing appeared first on Appraisal Buzz.

Investors 195

Investors Appraisal 195

Eyes on Housing

SEPTEMBER 27, 2021

Information obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, shows the share of new homes with a two-story foyer increased in regions where we saw a decline in 2019. However, most new single-family homes were still built without a two-story foyer nationally and regionally. According to the Census, a two-story foyer is defined as.

Construction 151

Construction 151

Quicken Loans

SEPTEMBER 27, 2021

The Federal Reserve didn’t move short-term interest rates, but they made announcements on another front that might be consequential for those who are looking at current low mortgage rates and trying to decide when to make their move. While we’ll get into details below, the Fed is considering pulling back on its purchases of mortgage bonds. Because the Fed is a big player in this market, whenever it steps back, it’s not a bad bet that rates will go up.

Mortgage 46

Mortgage Buyers Marketing Business 46

Valuation Review

SEPTEMBER 27, 2021

The White House recently announced, immediate steps to supplement the administration’s push for historic, long-term investments in new housing as part of its Build Back Better Agenda. Since President Joe Biden took office, the economy has created more than four million jobs, with an average of more than 830,000 new jobs over the last three months, the White House said.

Investing 78

Investing 78

Housing Wire

SEPTEMBER 27, 2021

The vacancy rate for low-income tax credit-supported affordable housing dropped to 2.5% nationwide in the second quarter of 2021, a decrease of.01% from the first quarter, according to Moody’s Analytics REIS , New York. Since Moody’s Analytics REIS has tracked it, the sector’s vacancy rate has stayed between 2% and 2.6%, and the firm stated that it does not expect to see deviations from this range in the near future.

Construction 466

Construction Landlords Inventory Finance 466

Housing Wire

SEPTEMBER 27, 2021

A new pricing methodology intended to promote fairness and solvency to the federal National Flood Insurance program will increase costs for most families nationwide, and members of both political parties are mobilizing to stop it. The Federal Emergency Management Agency (FEMA) is implementing its so-called Risk Rating 2.0 policy on Oct. 1. Federal officials say that it will deliver rates that are equitable, easier to understand, and better reflect a property’s risk.

Insurance 421

Insurance Market Value Real Estate Marketing 421