Housing Wire
SEPTEMBER 9, 2021
United Wholesale Mortgage (UWM) announced today that it will no longer require its brokers to use appraisal management companies to complete appraisals. The Pontiac, Michigan-based wholesale lender will instead coordinate appraisals in-house, contracting with appraisers directly, offering appraisers and brokers a way to bypass AMCs altogether, which UWM CEO Mat Ishbia characterizes as “middlemen.”.
Appraisal Buzz
SEPTEMBER 9, 2021
Freddie Mac ’s Primary Mortgage Market Survey (PMMS) results, showing that the 30-year fixed-rate mortgage (FRM) averaged 2.88%. “While the economy continues to grow, it has lost momentum over the last two months due to the current wave of new COVID cases that has led to weaker employment, lower spending and declining consumer confidence,” says Sam Khater, Freddie Mac’s chief economist.
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Housing Wire
SEPTEMBER 9, 2021
When it comes to consumers’ growing desire for a seamless, fully digital home-buying experience, coupled with COVID-19’s influence on buying behaviors, it’s safe to say there truly is “no turning back.”. The pandemic had a profound impact on the home-buying experience. Lenders that may have been holding out on embracing automation and technology were forced to adapt at breakneck speed to continue to serve customers.
Appraisal Buzz
SEPTEMBER 9, 2021
Freddie Mac reports mortgage rates leveling off as COVID variants have led to weaker employment, a drop-off in spending, and declining consumer confidence. The post Mixed Jobs Reports Stabilizes Mortgage Rates appeared first on theMReport.com. The post Mixed Jobs Reports Stabilizes Mortgage Rates appeared first on Appraisal Buzz.
Housing Wire
SEPTEMBER 9, 2021
Dave Sheeler, president of residential servicing and correspondent lending at Freedom Mortgage. This year’s list of HousingWire Insiders radiate influence well beyond the walls of their individual companies, providing the infrastructure that upholds the whole industry. HousingWire decided to dive deeper into a few of our award winners to get a peek behind the curtain on what defines an Insider , with this first Q&A featuring Dave Sheeler, president of residential servicing and correspondent
Appraisal Buzz
SEPTEMBER 9, 2021
A reports cites zoning laws as a major barrier to creating new affordable housing. The post How Can Localities Help Promote Affordable Housing? appeared first on theMReport.com. The post How Can Localities Help Promote Affordable Housing? appeared first on Appraisal Buzz.
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Appraisal Buzz
SEPTEMBER 9, 2021
As home prices and sales continue to hit new highs, property owners are increasingly looking to remodel and update their homes as the supply of available units remains tight. A report by Global Market Insights, a Delaware-based market research and consulting firm, found that the current worldwide remodeling market is worth about $3.8 trillion and is expected to grow at a compounded … The post Remodeling Market Expected to Hit $4.9 Trillion by 2027 appeared first on theMReport.com.
Housing Wire
SEPTEMBER 9, 2021
For the third year, Tech Trendsetters is honoring the individuals behind the technology that is driving mortgage and real estate. From automation to AI, these visionaries are helping to push the housing industry into the future and away from outdated processes. Last year’s impressive list of winners used the challenges of 2020 to propel the housing economy into a digital era and made some industry-changing advancements along the way.
Appraisal Buzz
SEPTEMBER 9, 2021
For the fourth consecutive quarter, a plurality of mortgage lenders expect near-term profitability to decrease, according to Fannie Mae ’s Q3 2021 Mortgage Lender Sentiment Survey (MLSS). According to the survey, 46% of mortgage lenders believe profit margins will decrease in the next three months, an improvement from 69% in the prior quarter, while 38% believe profits will remain the same and 15% believe profits will increase.
Eyes on Housing
SEPTEMBER 9, 2021
According to the most recent release of the Bureau of Labor Statistics Producer Price Index (PPI), the prices of goods used as inputs to residential construction including and excluding energy have risen 19.0% and 12.0%, respectively, year-to-date (YTD). In contrast, the index for final demand goods has climbed 7.2% and that for final demand goods less food and energy is.
Appraisal Buzz
SEPTEMBER 9, 2021
While increased competition has created some pessimism, survey respondents with a more bullish outlook cited GSE policies and strong consumer demand. . The post Mortgage Lending Sentiment Mixed appeared first on DSNews. The post Mortgage Lending Sentiment Mixed appeared first on Appraisal Buzz.
Appraiserblogs
SEPTEMBER 9, 2021
Appraisers, if your license renews in 2022, you will need to take the ‘new’ USPAP 7hr Update course. See below. The Update class you have already taken for the 2020-21 book, which has been extended to Dec. 31, 2022, cannot be used for CE credit again. However, I’m somewhat confused as to the effective dates of this ‘new’ Update class. It says “2022-23” which implies it will be valid through the end of (or into?
Appraisal Buzz
SEPTEMBER 9, 2021
Mortgagees’ pessimism, while waning, reportedly is tied to increased competition. Managing workforces well “will be critical to bottom lines,” economists say. The post Plurality of Home Lenders’ Expect Dip in Profits appeared first on theMReport.com. The post Plurality of Home Lenders’ Expect Dip in Profits appeared first on Appraisal Buzz.
GoForrmz
SEPTEMBER 9, 2021
We are thrilled to announce we have closed the final allotment of our Series A financing, led by Shasta Ventures This funding will be used to further strengthen our Product-Led Growth model and expand our global customer base. “ As GoFormz’s earliest investor, we’ve seen that its business freemium offering has proven to be a highly successful customer acquisition engine.
Appraisal Buzz
SEPTEMBER 9, 2021
Hurricane Ida triggered record rainfall in New York and nearby regions. Due to past disasters, experts say the city was better prepared to withstand severe weather. The post Flood Loss in Northeast Tops $16 Billion appeared first on DSNews. The post Flood Loss in Northeast Tops $16 Billion appeared first on Appraisal Buzz.
BiggerPockets
SEPTEMBER 9, 2021
Mobile home park operators should keep in mind that one of the best ways to earn more income is increasing occupancy and adding more mobile homes to your park. Key to success? Having multiple sources to acquire mobile homes.
Appraisal Buzz
SEPTEMBER 9, 2021
Homeowners have an enormous advantage over renters when it comes to accumulating wealth, and this can have substantial consequences. Radian’s Justin Foster and Derek Brummer examine closing the affordability gap. The post Changing the Meaning of “Equity” in the Housing Industry appeared first on DSNews. The post Changing the Meaning of “Equity” in the Housing Industry appeared first on Appraisal Buzz.
BiggerPockets
SEPTEMBER 9, 2021
You probably know Brandon Turner and David Greene as multimillionaire real estate investors. What you may not know, is that a decade ago this was a very different story. Brandon […].
Appraisal Buzz
SEPTEMBER 9, 2021
Despite a slowdown in loan production, Ginnie Mae continues to see strong MBS issuance and steady investor demand in its latest report covering August. The post Ginnie Mae Reports MBS Issuance of $70 Billion in August appeared first on DSNews. The post Ginnie Mae Reports MBS Issuance of $70 Billion in August appeared first on Appraisal Buzz.
San Jose Real Estate
SEPTEMBER 9, 2021
This post on the coronavirus impact on real estate sales here in Silicon Valley is updated periodically, depending on unfolding events, so please check back often. The market for houses is hot (still) The coronavirus pandemic caused a worldwide surge of buyers rushing to purchase homes with more square footage, more rooms (home office, room […].
Appraisal Buzz
SEPTEMBER 9, 2021
Government and industry relations expert Madisyn Rhone explains how diversity within the homebuying process benefits minority consumers. The post The Face of the Familiar appeared first on theMReport.com. The post The Face of the Familiar appeared first on Appraisal Buzz.
Lamacchia Realty
SEPTEMBER 9, 2021
BUYER'S AGENTS: DO THEY GIVE HOMEBUYERS A COMPETITIVE EDGE? The real estate market has experienced an interesting year and a half. Very low inventory due to sellers holding off and extremely high competition exhausted buyers and led them to question the whole process. Some have even wondered if working with an agent is actually helpful, that perhaps skipping the buyer’s agent and working directly with the seller’s agent is a more efficient way to get the house they want.
Mashvisor
SEPTEMBER 9, 2021
Selling a home and moving to a new one can be exciting but it’s usually not a walk in the park.
Mortgagebroker News
SEPTEMBER 9, 2021
The company said that the release will herald a significant re-engineering in the evolution of the fulfilment end
Magnusson Group
SEPTEMBER 9, 2021
Electronic Signup for Entry Numbers. If you have questions about the signup process for one of our sales, please watch the accompanying video tutorial prior to calling our office for assistance. Sign Me Up For This Sale! Thursday, December 9th: 8am-4pm. Friday, December 10th: 8am-4pm. Saturday, December 11th: 8am-4pm. Entry numbers for the sale will be offered beginning at noon on December 8th on a first-come first-serve basis.
Mortgagebroker News
SEPTEMBER 9, 2021
Runaway price growth is now apparent across a wide swath of Canadian markets
Magnusson Group
SEPTEMBER 9, 2021
Electronic Signup for Entry Numbers. If you have questions about the signup process for one of our sales, please watch the accompanying video tutorial prior to calling our office for assistance. Sign Me Up For This Sale! Thursday, December 9th: 8am-4pm. Friday, December 10th: 8am-4pm. Saturday, December 11th: 8am-4pm. Entry numbers for the sale will be offered beginning at noon on December 8th on a first-come first-serve basis.
Clear Capital
SEPTEMBER 9, 2021
Story by Lesley Collins in HousingWire. As recent reports continue to shed light on the state of race-based appraisal bias among certain appraisers, industry leaders and policymakers are on the hunt for solutions to a problem that has plagued the industry. This is why HousingWire invited Kenon Chen, executive vice president, corporate strategy at Clear Capital , to HW Annual.
Magnusson Group
SEPTEMBER 9, 2021
Electronic Signup for Entry Numbers. If you have questions about the signup process for one of our sales, please watch the accompanying video tutorial prior to calling our office for assistance. Sign Me Up For This Sale! Friday, December 10th: 9am-3pm. Saturday, December 11th: 9am-3pm. Entry numbers for the sale will be offered beginning at noon on December 2nd on a first-come first-serve basis.
Mortgagebroker News
SEPTEMBER 9, 2021
The commercial lender also formalized its support for childhood health advocacy group
Magnusson Group
SEPTEMBER 9, 2021
Electronic Signup for Entry Numbers. If you have questions about the signup process for one of our sales, please watch the accompanying video tutorial prior to calling our office for assistance. Sign Me Up For This Sale! Friday, December 10th: 9am-3pm. Saturday, December 11th: 9am-3pm. Entry numbers for the sale will be offered beginning at noon on December 2nd on a first-come first-serve basis.
Housing Wire
SEPTEMBER 9, 2021
The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%. This week’s near constant mortgage rates tracked with the 10-year Treasury yield, which rose slightly and then tapered off in the past week.
Mortgagebroker News
SEPTEMBER 9, 2021
The acquisition is in keeping with the REIT's commitment to reducing its environmental footprint
Appraisal Buzz
SEPTEMBER 9, 2021
American homeowners got $20,000 richer in the second quarter just sitting in their family room. Black Knight’s newest Mortgage Monitor says that was the average gain in borrower equity during the quarter as home prices continued to soar. Tappable equity, the amount available to homeowners before reaching a maximum 80 percent combined loan-to-value (CLTV) ratio, hit a record high total of $9.1 trillion, a $1 trillion increase in a single quarter.
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