Housing Wire

JUNE 24, 2021

The average 30-year fixed-rate mortgage rose nine basis points from the week prior to 3.02%, according to data released Thursday by Freddie Mac ‘s PMMS. This is the first time in 10 weeks mortgage rates have risen above 3%. “As the economy progresses and inflation remains elevated, we expect that rates will continue to gradually rise in the second half of the year,” said Sam Khater, Freddie Mac’s chief economist. “For those homeowners who have not yet refinanced – and there rem

Mortgage 471

Mortgage Technology Marketing 471

Appraisal Buzz

JUNE 24, 2021

Chrysalis Holdings LLC has made an investment in INVISR, a financial technology business focused on digital transformation. With the investment, INVISR CEO and co-founder Tal Gozhansky will become CTO of Chrysalis Holdings’ portfolio companies while continuing to lead INVISR. Before founding INVISR, Gozhansky was a leader in launching and scaling Salesforce’s financial services practice in New York City, and technology initiatives for multiple Fortune 500 financial services firms.

Investing 335

Investing Technology Business Appraisal 335

Housing Wire

JUNE 24, 2021

Chelsea Peitz, national director of social sales at Fidelity National Financial , shows attendees the latest strategies and updates on Instagram. She also shares a few insights on how to manage a successful social platform. Here is a small preview of the session, which has been lightly edited for length and clarity: Chelsea Peitz: So I want to talk about what kind of Instagram account you have, and if you have no idea what kind of account you have, that’s okay, hang with me, because I̵

Business 393

Business Mortgage 393

Appraisal Buzz

JUNE 24, 2021

Mr. Cooper has promoted its vice chairman, Chris Marshall, to president, responsible for mortgage origination, servicing and technology operations. He will retain his existing responsibilities pending appointment of a new chief financial officer. “We believe we can grow our servicing portfolio to $1 trillion, while delivering excellent service to our customers and investors, generating consistent returns on equity and cashflow, and providing a great working environment for our teammates,” says M

Investors 332

Investors Technology Appraisal Mortgage 332

Housing Wire

JUNE 24, 2021

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. Led by venture capitalist firm Signal Fire as well as existing seed investors Y Combinator and DN Capital , Accept.inc said it plans to use the funding to scale its platform, double its team size and enter new markets. Similar to iBuying firm Opendoor , startup Ribbon and a host of other new companies, Accept.inc provides cash to buyers so they can submit a competitive offer, or buy a new property prior to s

Sellers 391

Sellers Buyers Investors Inspection 391

Appraisal Buzz

JUNE 24, 2021

Ross Mortgage Corp. , a full-service residential mortgage lender headquartered in Troy, Michigan, has opened a new location in Culpeper, Va. The new location will be managed by mortgage lending expert Scott Morris. “As Ross Mortgage continues to grow, we look for top talent to represent the Ross brand by being both relatable and reliable with our customers and business partners,” says Tim Ross, CEO of Ross Mortgage Corp., in a release.

Mortgage 243

Mortgage Lending Business Appraisal 243

Appraisal Buzz

JUNE 24, 2021

Tom Coffey has re-joined Covius Holdings Inc. , a provider of technology-enabled solutions to the financial services industry, to serve as vice president of business development for the company’s Clayton unit. An industry veteran with more than 25 years of experience, Coffey rejoins Covius from FIS Global, where he was vice president, IT group executive, responsible for workforce capacity management for the company’s banking and merchant solutions division.

Development 195

Development Business Technology Appraisal 195

Housing Wire

JUNE 24, 2021

After years of aggregating behavioral data from homebuyers and homesellers at the largest real estate brokerages in the country, Buyside is proud to announce the launch of their expansion into core & ancillary services by focusing on the homeowner. By the time the average US homeowner retires, it’s often stated that 83% of their wealth will come from their real estate’s equity, however, the challenge is most homeowners don’t consider their home an asset.

Valuation 380

Valuation Real Estate Agent Real Estate Clients 380

Appraisal Buzz

JUNE 24, 2021

The White House didn’t waste any time after a Supreme Court ruling allowed it to do so, removing Mark Calabria as Director of the Federal Housing Finance Agency (FHFA) late Wednesday. Earlier that day the Court had released their 7-2 ruling that the inability to remove the agency director during a five year term except for cause was a violation of the Constitution’s separation of powers.

Finance 195

Finance Appraisal 195

Housing Wire

JUNE 24, 2021

HousingWire’s Managing Editor, Brena Nath, joins Judi Fox, a LinkedIn business coach, to show attendees the latest strategies and updates on LinkedIn and share a few insights on managing a professional social media platform. Here is a small preview of the session, which has been lightly edited for length and clarity: Brena Nath: So what are some of the biggest changes that you’ve seen on LinkedIn since we last talked in June?

Real Estate 382

Real Estate Business Mortgage 382

Appraisal Buzz

JUNE 24, 2021

Despite low mortgage rates, a new analysis examines finds that disproportionate number of U.S. counties experiencing an affordability imbalance. The post Home Price Gains Outpace Q2 Wage Growth appeared first on theMReport.com. The post Home Price Gains Outpace Q2 Wage Growth appeared first on Appraisal Buzz.

Appraisal 195

Appraisal Mortgage 195

Housing Wire

JUNE 24, 2021

HousingWire’s Managing Editor, Brena Nath, interviews Scott Betley, a loan officer at NFM Lending , to show attendees the latest strategies and updates on TikTok. He also shares a few insights on managing this social platform, discussing how he has amassed thousands of leads through his TikTok strategy. Here is a small preview of the session, which has been lightly edited for length and clarity: Brena Nath: What made you decide to join TikTok in the first place?

Loan Officers 382

Loan Officers Lending Mortgage 382

Appraisal Buzz

JUNE 24, 2021

Both borrowers and renters have been extended one additional month of protection from foreclosures and evictions, as federal agencies move moratoria expirations to July 31. The post Government Agencies Extend COVID-Related Moratoria appeared first on theMReport.com. The post Government Agencies Extend COVID-Related Moratoria appeared first on Appraisal Buzz.

Government 195

Government Appraisal 195

Housing Wire

JUNE 24, 2021

HousingWire Editor-In-Chief, Sarah Wheeler, sits down with Brian Rieger, co-founder and CEO at Content Beacon , and Kirk G. Willison, vice president at Arch Mortgage Insurance Company , to walk attendees through the process of creating a successful content strategy. Here is a small preview of the session, which has been lightly edited for length and clarity: Sarah Wheeler: How do you decide what content is worth working on and how do you keep an ear to the ground to know what’s valuable on

Insurance 382

Insurance Government Clients Mortgage 382

Appraisal Buzz

JUNE 24, 2021

A new report finds that more than 30% Americans are currently seeking a new home, yet unequal access to resources is preventing people of color and lower-income earners from achieving that goal. The post Affordability Issues Widen the Homeownership Gap appeared first on DSNews. The post Affordability Issues Widen the Homeownership Gap appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Housing Wire

JUNE 24, 2021

ALL EYES ON PURCHASE. In 2021, all housing professionals must be focused on the 3 P’s: Process, Profitability and Purchase. PPP may have meant something different in 2020, but this year the 3 P’s are the guiding light to long-term mortgage success and domination. The ratios flipped last year. Strong purchase lenders that historically did 70% purchase business, originated 70% refinance.

Loan Officers 374

Loan Officers Lending Finance Business 374

Appraisal Buzz

JUNE 24, 2021

While about three-quarters of 18-to-25-year-olds who participated in a recent survey said they prefer homebuying over renting long-term, a lack of job security—for a generation relatively new to the workforce—could hinder plans, according to information gathered and analyzed by researchers at Realtor.com. Among the 700 Generation Z respondents to the survey, about 64% said their … The post Report Shows Gen Z Values Homeownership appeared first on theMReport.com.

Appraisal 195

Appraisal 195

Housing Wire

JUNE 24, 2021

HousingWire Editor-In-Chief, Sarah Wheeler, sits down with Jake Fehling, Keosha Burns, and Teressa Lurk as they share some of the ways attendees can grow a diverse audience portfolio. Here is a small preview of the session, which has been lightly edited for length and clarity: Sarah Wheeler: At the top of the marketing funnel, how are you reaching these different buyer groups?

Marketing 219

Marketing Loan Officers Buyers Design 219

Appraisal Buzz

JUNE 24, 2021

The White House has appointed Sandra L. Thompson, a veteran housing and banking regulator, as Acting Director of the Federal Housing Finance Agency following the dismissal of Mark Calabria. The post New Acting FHFA Director Pledges Focus on Community Investment appeared first on theMReport.com. The post New Acting FHFA Director Pledges Focus on Community Investment appeared first on Appraisal Buzz.

Investing 195

Investing Finance Appraisal 195

Housing Wire

JUNE 24, 2021

The mortgage industry is about to get rough and lenders should be prepared to sharpen all aspects of the marketing and sales operations process in order to survive. Innovative solutions that enhance first-party data can help marketers create highly personalized and targeted experiences for their existing customers and prospects. Watch Jornaya’s Head of Consumer Finance Mike Eshelman as he discusses ways to identify when shoppers are reaching critical inflection points in their purchase buy

Mortgage 177

Mortgage Finance Marketing 177

Appraisal Buzz

JUNE 24, 2021

For the first time in 10 weeks, mortgage rates have risen above the 3% mark, with forecasters projecting a gradual rise in rates to close out 2021. The post Mortgage Rates Shift Gears, Move Above 3% appeared first on theMReport.com. The post Mortgage Rates Shift Gears, Move Above 3% appeared first on Appraisal Buzz.

Mortgage 195

Mortgage Appraisal 195

DW Slater Company

JUNE 24, 2021

Taking in the views of Mount Ranier. Do you need some time off? This past year has been a time like none other. As we dealt with all of the unknowns, worries, and concerns of the pandemic, appraisers are busy. Busier than ever. The recent article from Freddie Mac reporting on appraiser capacity during the pandemic reflects what we have been experiencing. “How can we take time off when it is so busy?

Clients 175

Clients Appraisal Business Real Estate 175

Appraisal Buzz

JUNE 24, 2021

Mortgage application volume increased 2.1% on an adjusted basis during the week ended June 18, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Despite that mortgage rates increased, applications for refinances increased 3% compared with the previous week while applications for purchases increased 1%. Year-over-year, applications for refinances were down 9% while applications for purchases were down 14%.

Mortgage 195

Mortgage Appraisal 195

Eyes on Housing

JUNE 24, 2021

Nonfarm payroll employment increased in 33 states and the District of Columbia in May compared to the previous month while 16 states lost jobs. North Dakota remained unchanged. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 559,000 in May, following an upwardly revised increase of 278,000 jobs in April.

Construction 97

Construction Marketing 97

Appraisal Buzz

JUNE 24, 2021

The White House has appointed Sandra L. Thompson, a veteran housing and banking regulator, as the Acting Director of the Federal Housing Finance Agency (FHFA) effective immediately, the FHFA said in a statement. Thompson? has served as Deputy Director of the Division of Housing Mission and Goals (DHMG) at FHFA since 2013. In that time … The post White House Appoints Acting FHFA Director Sandra Thompson appeared first on DSNews.

Finance 195

Finance Appraisal 195

Appraiserblogs

JUNE 24, 2021

…since we know retail mortgage lenders, they will demand appraisers take their own photos but accept MLS or no photos in bifurcated “appraisals.” An appraiser shared these modifications with me: Exterior photographs Clear, descriptive photographs showing the front, back, and a street scene of the subject property and the front of each comparable.

Retail 89

Retail Appraisal Mortgage 89

Appraisal Buzz

JUNE 24, 2021

Both purchase apps and refis showed signs of improvement this week, as the MBA reported growth in both areas, despite mortgage rates hitting a four-week high. The post Mortgage Application Volume Continues to Push Upward appeared first on theMReport.com. The post Mortgage Application Volume Continues to Push Upward appeared first on Appraisal Buzz.

Mortgage 195

Mortgage Appraisal 195

Realtor

JUNE 24, 2021

Neustockimages/iStock How much does an appraisal cost? If you need a mortgage to buy a home , your lender will require a home appraisal —where a professional estimates the value of your place to make sure it’s at least enough to cover the mortgage. While the lender hires the appraiser, the buyer pays for it, which raises the question: How much does an appraisal cost?

Appraisal 78

Appraisal Realtors Buyers Sellers 78

Appraisal Buzz

JUNE 24, 2021

A new survey finds that more and more homeowners are passing on monthly savings, foregoing an ideal rate environment with rates still in the 3% range. The post Homeowners Feeling Refi Reluctance appeared first on theMReport.com. The post Homeowners Feeling Refi Reluctance appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Empire Appraisal Group

JUNE 24, 2021

Fla. Insurer Growing as 3 Private Insurers Cancel Policies. source: Fla. Insurer Growing as 3 Private Insurers Cancel Policies | Florida Realtors. By Ron Hurtibise. State-owned Citizens Property Ins. is growing rapidly, and Fla. insurance regulators recently authorized “extraordinary” terminations for thousands of homeowners insured by Universal Insurance of North America, Gulfstream Property & Casualty and Southern Fidelity.

Insurance 78

Insurance Legal Agents Contracts 78

Appraisal Buzz

JUNE 24, 2021

The housing boom rolls onward, and more are being shut out of the opportunity to get into a new home with wages not keeping up with the spike in home prices. The post Home Affordability Declines in Q2 appeared first on DSNews. The post Home Affordability Declines in Q2 appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Urban

JUNE 24, 2021

What can jurisdictions do to prevent a wave of evictions?

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Appraisal Buzz

JUNE 24, 2021

Freddie Mac today announced that Alberto G. Musalem has, as of June 17, joined its Board of Directors. Musalem is CEO, Co-Chief investment officer, and a founder of Evince Asset Management LP, a company developing portfolio technologies for investors and managing a quantitative global fund. “Mr. Musalem brings significant finance, capital markets, economics, and public … The post Freddie Mac Names New Board Member appeared first on DSNews.

Investors 195

Investors Finance Development Technology 195

BiggerPockets

JUNE 24, 2021

A unique selling point (USP) is crucial if you want to succeed as a landlord. Defining your USP is the best way to set your property management business apart from the competition and give potential tenants compelling reasons to choose your business over others.

Landlords 68

Landlords Tenants Property Management Marketing 68