Thu.Aug 12, 2021

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Mortgage rates rise to 2.87% after jobs report

Housing Wire

The average 30-year fixed-rate mortgage rose to 2.87% for the week ending in August 12, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The increase follows six consecutive weeks of mortgage rate declines. The week prior, mortgage rates slipped down to 2.77%, as the 10-year Treasury yields declined and fears over the Covid-19 Delta variant grew.

Mortgage 485
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Employee Engagement in Our Ongoing Virtual Workplaces

Appraisal Buzz

National General Lender Services (NatGen) discusses how it kept operations running smoothly over the past year while adapting to the new work from home environment. The post Employee Engagement in Our Ongoing Virtual Workplaces appeared first on DSNews. The post Employee Engagement in Our Ongoing Virtual Workplaces appeared first on Appraisal Buzz.

Appraisal 370
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Rocket Companies’ plan to transcend mortgage

Housing Wire

Rocket Companies CEO Jay Farner. Rocket Companies is not content with merely being America’s largest lender. Its ambitions are far outsized, even for a firm with a reputation for taking moonshots. In its quarterly earnings call on Thursday, CEO Jay Farner and CFO Julie Booth described a sophisticated company that has developed a product solution for every piece of the home-buying and home-selling ecosystem.

Mortgage 409
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Mortgage Rates Trend Upward After Six-Week Decline

Appraisal Buzz

Rates remained below 3% but leapt this week following a strong U.S. jobs report and strong growth in the economic sector. The post Mortgage Rates Trend Upward After Six-Week Decline appeared first on theMReport.com. The post Mortgage Rates Trend Upward After Six-Week Decline appeared first on Appraisal Buzz.

Mortgage 370
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Jumbo mortgages were easier to get in July

Housing Wire

Mortgage credit availability increased marginally in July following a big downturn in June , according to a report released by the the Mortgage Bankers Association on Thursday. The MBA Mortgage Credit Availability Index overall rose by 0.3% to 119.1 in July (the index benchmarks to 100 in March 2012; a higher number portends more mortgage credit availability).

Mortgage 397
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Agencies Join to Advance Unbiased Lending

Appraisal Buzz

A groundbreaking partnership between two government agencies—U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA)— will address discrimination in housing and enhance federal enforcement of the Fair Housing Act. HUD, historically charged with administering and enforcing the act, together with the FHFA, which regulates Fannie Mae and Freddie Mac, … The post Agencies Join to Advance Unbiased Lending appeared first on theMReport.com.

Lending 370

More Trending

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HUD, FHFA Partner to Enforce Fair Housing

Appraisal Buzz

A groundbreaking partnership between two government agencies—U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA)— will address discrimination in housing and enhance federal enforcement of the Fair Housing Act. HUD, historically charged with administering and enforcing the act, together with the FHFA, which regulates Fannie Mae and Freddie Mac, … The post HUD, FHFA Partner to Enforce Fair Housing appeared first on DSNews.

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ProTip: Use Online Forms to Collect School Activity Registrations

GoForrmz

Make back-to-school less stressful by efficiently collecting school activity registration forms with GoFormz online forms Relying on physical documents to organize student information introduces opportunities for incomplete student data and missing forms, putting you and your school at risk. Online forms make it easy to optimize and accelerate your school activity registration while maintaining existing formatting, allowing your operation to effortlessly digitize and modernize its documentation

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Protected: The Newest PropMix Appraisal Digitization Solution

Appraisal Buzz

This content is password protected. To view it please enter your password below: Password: The post Protected: The Newest PropMix Appraisal Digitization Solution appeared first on Appraisal Buzz.

Appraisal 195
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TAF Is About To Get PAVEd

Appraiserblogs

The current administration is addressing the lack of diversity in housing valuation head-on with the formation of an interagency task force on Property Appraisal and Valuation Equity (PAVE). Here are the details of the PAVE Task Force. They just had their first meeting and this is a serious effort unlike the silliness of TAF’s bureaucratic actions of the past year that were nothing more than window dressing to the lack of diversity problem within the appraisal industry.

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Housing Payments Cutting Deeper Into Monthly Income

Appraisal Buzz

With housing prices on the rise, an increasing amount of monthly income is being dedicated toward housing, with rent paid as a share of income forecast to exceed 30% by December. The post Housing Payments Cutting Deeper Into Monthly Income appeared first on theMReport.com. The post Housing Payments Cutting Deeper Into Monthly Income appeared first on Appraisal Buzz.

Appraisal 195
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Fannie Mae’s Decision to Incorporate Rental Payments into the Mortgage Origination Process Will Expand Access to Homeownership Over Time

Urban

Data show housing payment history is a powerful predictor of mortgage performance.

Mortgage 148
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Low-Income Zones Show ‘Potential for Economic Revival’

Appraisal Buzz

Research shows even the least-affluent markets benefitting from the home-price boom and the foreclosure-preventing buffer it has created. The post Low-Income Zones Show ‘Potential for Economic Revival’ appeared first on DSNews. The post Low-Income Zones Show ‘Potential for Economic Revival’ appeared first on Appraisal Buzz.

Appraisal 195
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Investors: Don’t Be Caught Unprepared! Here’s Why Disaster Insurance Is Essential

BiggerPockets

Fires and floods and earthquakes and landslides show how unpredictable Mother Nature can be. Recent natural disasters have caused real estate investors to stop and think about what protections they have in place for their properties. Here's what you should know.

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Angel Oak Exceeds $10 Billion in Lifetime Non-QM Production

Appraisal Buzz

Lender hits milestone achievement via non-traditional lending offerings catering to freelance and non-traditional employees. The post Angel Oak Exceeds $10 Billion in Lifetime Non-QM Production appeared first on theMReport.com. The post Angel Oak Exceeds $10 Billion in Lifetime Non-QM Production appeared first on Appraisal Buzz.

Lending 195
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BiggerPockets Money Podcast 222: Finance Friday: Are You Too Over-Diversified In Your Investments?

BiggerPockets

Investments galore! This week, we talk to Jeana and Scott, a couple with a hefty amount of investments under their belt. We know what you’re thinking, “what type of stocks […].

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Radian Announces Non-Executive Chair Retirement, Names Successor

Appraisal Buzz

When Herbert Wender exits the company’s board next May, longtime director Howard B. Culang will assume his role. The post Radian Announces Non-Executive Chair Retirement, Names Successor appeared first on DSNews. The post Radian Announces Non-Executive Chair Retirement, Names Successor appeared first on Appraisal Buzz.

Appraisal 195
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Fixer Uppers 101

Lamacchia Realty

FIXER-UPPERS 101. Many individuals have become more interested in purchasing a fixer-upper versus a home that is what’s called “turnkey” Some attribute this to the increase in reality television shows featuring fixing and flipping various properties while others attribute this increase to the possibility of creating a custom space with all of the features a homeowner wants.

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July Report Indicates Mortgage Credit Availability Increase

Appraisal Buzz

The Mortgage Credit Availability Index (MCAI) shows that mortgage credit availability increased in July. The report from Mortgage Bankers Association (MBA) analyzes data from Ellie Mae’s AllRegs Market Clarity business information tool. The MCAI rose by 0.3% to 119.1 in July. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

Mortgage 195
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Kelly Horn and Krista Matthews Win GBAR Rising Star Award

Lamacchia Realty

Kelly Horn and Krista Matthews were each presented with the Rising Star Award by the Greater Boston Association of REALTORS ®. The award recognizes extraordinary success during a REALTORS ® debut in the real estate industry. Anyone who meets Kelly Horn will agree, she is a kind and energetic REALTOR ® who will do whatever it takes to get the job done for her clients.

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America’s Most In-Demand Neighborhoods

Appraisal Buzz

ZIP codes that made this year’s “hottest” list offered more square footage for the money, a robust job market, and nearby outdoor activities. The post America’s Most In-Demand Neighborhoods appeared first on DSNews. The post America’s Most In-Demand Neighborhoods appeared first on Appraisal Buzz.

Appraisal 150
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CEO: Higher standards needed for new agents

Mortgagebroker News

Calls for a service time of at least two years before new mortgage professionals can be awarded a licence

Agents 69
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2021’s ‘Hottest ZIP Codes’

Appraisal Buzz

America’s most in-demand neighborhoods offer more square footage for the dollar, nearby outdoor amenities, and sizable populations of mid-career millennials. The post 2021’s ‘Hottest ZIP Codes’ appeared first on theMReport.com. The post 2021’s ‘Hottest ZIP Codes’ appeared first on Appraisal Buzz.

Appraisal 195
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CMP is searching for the mortgage industry’s newest trailblazers

Mortgagebroker News

Who are the outstanding women in Canada’s mortgage industry?

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As Housing Prices Rise, the Affordability Squeeze Is On

Appraisal Buzz

Housing costs are cutting deeper into the pockets of Americans as mortgage payments near the least affordable they’ve been in years. The post As Housing Prices Rise, the Affordability Squeeze Is On appeared first on DSNews. The post As Housing Prices Rise, the Affordability Squeeze Is On appeared first on Appraisal Buzz.

Appraisal 195
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Firm Capital announces financial results

Mortgagebroker News

Higher interest income drives performance

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Which home improvements add the most value? (Plus a few that don’t!)

REX Real Estate

Following a seismic shift toward working and schooling from home during the COVID-19 pandemic,…

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First American Docutech Integration Enables Borrowers to eSign Documents

Appraisal Buzz

First American Docutech , a First American company, has integrated its ConformX loan document generation technology and Solex eSignature solution with SimpleNexus’ homeownership platform. Lenders using SimpleNexus and First American Docutech can now provide their borrowers with the ability to eSign initial mortgage disclosures through a single sign-on experience.

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Why Do Square Footage Disputes Arise?

Empire Appraisal Group

Why Do Square Footage Disputes Arise? Source: Why Do Square Footage Disputes Arise? | Realtor Magazine. Why Do Square Footage Disputes Arise? Be ready to explain to home buyers and sellers why there may be conflicting reports on a home’s livable space. by Dawn M. Molitor-Gennrich , Francois K. Gregoire. Many characteristics affect the appeal, marketability, and value of a property.

Sellers 78
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Is Section 8 About to See its Biggest Expansion Ever?

BiggerPockets

The Biden administration is attempting to expand the Section 8 program. What does this mean for investors?

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HUD and FHFA join forces on fair housing enforcement

Housing Wire

The Department of Housing and Urban Development and the Federal Housing Finance Agency today announced that they will work hand-in-hand to strengthen, coordinate and increase fair housing enforcement of Fannie Mae and Freddie Mac. HUD and the FHFA entered into the first-of-its-kind memorandum of understanding to enhance their enforcement of the Fair Housing Act and increase oversight of the entities FHFA oversees: Fannie Mae, Freddie Mac and the Federal Home Loan Banks.

Lending 508