Housing Wire

SEPTEMBER 10, 2021

Wells Fargo has been slapped with a $250 million civil money penalty by the Office of the Comptroller of the Currency for “unsafe or unsound practices” pertaining to their home lending loss mitigation program this week. According to the OCC, the fine is also a result of the bank violating the terms of a 2018 compliance consent order , which alleged that Wells Fargo did not implement or maintain a compliance risk management program proportionate with the bank’s size, complexity and risk pro

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Sacramento Appraisal Blog

SEPTEMBER 10, 2021

Normal? That’s not a word we’ve used much to describe the housing market lately, but we are finally starting to see some normalcy. Many parts of the country are showing what looks to be normal seasonal slowing and that is a sight for sore eyes. Anyway, let’s talk about this and then I have lots […].

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Housing Wire

SEPTEMBER 10, 2021

Orchard , which operates a home-buying and selling platform, announced it has raised $100 million in Series D funding at over a $1 billion valuation. Accomplice led the round with participation from repeat Orchard investors FirstMark , Revolution Growth , First American , Juxtapose and a syndicate of new investors. Last year, the company completed a $69 million series C funding round.

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Appraisal Buzz

SEPTEMBER 10, 2021

Paradatec , a provider of AI-based document classification and data extraction technology for mortgage loan processing, now offers its software via the cloud. That means lenders and servicers can easily access the company’s automated AI and machine learning tools via the cloud. “Our clients can now forego investing in their own server and network infrastructure and ongoing administration costs, and instead leverage our secure cloud environment,” says Neil Fraser, director of U.S. operations for

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Housing Wire

SEPTEMBER 10, 2021

The day after Labor Day, the nation’s top housing regulator announced that its regulated entities, which control half the nation’s $11 trillion housing market, would have to come up with plans to address racial equity. The Federal Housing Finance Agency ’s decree came with a tight deadline for Fannie Mae and Freddie Mac. The two government sponsored enterprises would have less than four months to submit and implement the plans which, along with annual progress reports, the FHFA vowed to make pub

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Appraisal Buzz

SEPTEMBER 10, 2021

Women pioneers in the mortgage space will be recognized by their peers in-person, in Dallas at the upcoming Five Star Conference. The post The Industry’s Rising Stars to be Honored in Dallas appeared first on theMReport.com. The post The Industry’s Rising Stars to be Honored in Dallas appeared first on Appraisal Buzz.

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Appraisal Buzz

SEPTEMBER 10, 2021

A new analysis by LendingTree has found that the average down payment has kept pace with record-high home prices, with some down payments coming in at 88% of the median area income. . The post The Average Home Down Payment Crosses $100K in California appeared first on theMReport.com. The post The Average Home Down Payment Crosses $100K in California appeared first on Appraisal Buzz.

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Housing Wire

SEPTEMBER 10, 2021

Marc King, president at KW. Is Keller Williams rising or falling — or has it settled into a role of venerable franchise network in a growing ecosystem of international brokerages? The team’s executive leadership shifts give the appearance that change is afoot. Gary Keller, who founded the Austin, Texas-based company, stepped down last year down as CEO.

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Appraisal Buzz

SEPTEMBER 10, 2021

Current EVP and CFO is promoted to new role and will have a set on the company’s Board of Directors when he assumes his new role come January. . The post NMI Holdings Promotes Adam Pollitzer to President and CEO appeared first on DSNews. The post NMI Holdings Promotes Adam Pollitzer to President and CEO appeared first on Appraisal Buzz.

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GoForrmz

SEPTEMBER 10, 2021

Record healthcare data using digital forms equipped with these five impactful fields Healthcare is fast-paced, round-the-clock work and with no room for error. Whether a patient seeks care from a senior care facility , an emergency room, or a small private practice, patients count on healthcare professionals for prompt, quality care. Paper-based documentation jeopardizes efficiency in the workplace with delays, lost documentation, illegible print, and more, ultimately putting your healthcare pra

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Appraisal Buzz

SEPTEMBER 10, 2021

A new webinar from Freddie Mac will detail the Refi Possible product and how it can enable millions of homeowners to reduce their monthly mortgage expenses through this new offering. The post The Week Ahead: GSE Creating Opportunities for Low-Income Borrowers appeared first on DSNews. The post The Week Ahead: GSE Creating Opportunities for Low-Income Borrowers appeared first on Appraisal Buzz.

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Appraiserblogs

SEPTEMBER 10, 2021

When you work with UWM Appraisal Direct… if a borrower pays $500 for an order, the entire fee goes to you. UWM doesn’t make $1 on the order. No appraisal management fees… This announcement just popped into my email, from HousingWire: UWM launches AMC-free appraisal program UWM to coordinate appraisals in-house United Wholesale Mortgage (UWM) announced today that it will no longer require its brokers to use appraisal management companies to complete appraisals.

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Appraisal Buzz

SEPTEMBER 10, 2021

Mortgage credit availability increased in August according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae’s AllRegs Market Clarity business information tool. The MCAI rose by 3.9% to 123.7 in August. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

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BiggerPockets

SEPTEMBER 10, 2021

When it comes to investors in Houston, agent Jodi Gauthier thinks the catchphrase "everything's bigger in Texas" can also be applied to their real estate portfolios: bigger appreciation gains, bigger returns, and bigger rental income.

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Appraisal Buzz

SEPTEMBER 10, 2021

Author Danny Byrnes of NTC discusses ways to build processes that effectively and efficiently manage collateral throughout the life of a loan. The post Perfecting Collateral Upfront appeared first on theMReport.com. The post Perfecting Collateral Upfront appeared first on Appraisal Buzz.

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BiggerPockets

SEPTEMBER 10, 2021

Want to dip your toes into the house hacking waters? With Airbnb, you often rent out one or two rooms of your home—and the guests pay you to stay there.

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Appraisal Buzz

SEPTEMBER 10, 2021

John J. Piccirillo has joined Stewart Title , a global real estate services company, as senior vice president, agency services for New York. During his career, Piccirillo has held executive roles with major underwriters helping them grow their agency footprint. He has also held numerous positions on the executive committee of the New York State Land Title Association, including president in 2009-10, and is a proud member of the Charitable Works Committee for the past.

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BiggerPockets

SEPTEMBER 10, 2021

Retiring early can be a daunting task. Not only do you have to do more, with less time, but you have to stay diligent on your budgeting, expense tracking, and […].

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Appraisal Buzz

SEPTEMBER 10, 2021

During the 2021 Five Star Conference, women making a difference in the industry will be honored at the Women in Housing Leadership Awards Luncheon, as we get to know the nominees for The Rising Star Executive Award. The post Announcing The Rising Star Executive Award Finalists appeared first on DSNews. The post Announcing The Rising Star Executive Award Finalists appeared first on Appraisal Buzz.

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Mashvisor

SEPTEMBER 10, 2021

After a huge slump during the height of the coronavirus pandemic, the housing market has been experiencing a revival in recent months.

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Appraisal Buzz

SEPTEMBER 10, 2021

Notarize , a remote online notarization company, and Snapdocs Inc. , a digital closing platform for the mortgage industry, have partnered to deliver an end-to-end digital closing experience that now includes Notarize’s market-leading RON solution. Snapdocs enables lenders to connect with all parties and technologies involved in a mortgage transaction to complete the entire closing process online and powers millions of closings per year for lenders, title companies, and notaries.

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Mortgagebroker News

SEPTEMBER 10, 2021

Speaking with CMP, the bank's deputy chief economist gave his thoughts on the main trends impacting the markets

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Appraisal Buzz

SEPTEMBER 10, 2021

The Harvard Joint Center for Housing Studies will analyze the nation’s post-pandemic housing market in an upcoming webinar and discuss steps the industry and government need to take to protect at-risk households. The post The Week Ahead: Examining the State of the Housing Market appeared first on theMReport.com. The post The Week Ahead: Examining the State of the Housing Market appeared first on Appraisal Buzz.

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Mortgagebroker News

SEPTEMBER 10, 2021

Homeowners also benefit from sustained asset appreciation, credit comparison firm says

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Appraisal Buzz

SEPTEMBER 10, 2021

With interest rates expected to rise and most homeowners who could benefit from refinancing having done so, mortgage bankers are not expecting the sometimes record profits of the last year or so to continue. Fannie Mae’s third quarter Mortgage Lender Sentiment Survey (MLSS) found just short of a majority of respondents expecting their profit margins to decline over the next three months , although that has also been the primary sentiment for the past three.

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Mortgagebroker News

SEPTEMBER 10, 2021

A significant chunk of Canadian households were not able to save during the pandemic

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Appraisal Buzz

SEPTEMBER 10, 2021

Housing professionals have long been anticipating the response to the July 31 expiration of the federal moratorium on foreclosures. With August numbers coming in, analysts say there has indeed been a rise in foreclosure activity, but they do not expect a large influx. Borrowers across the nation collectively have record levels of home equity, and … The post How the Moratorium’s End is Affecting Foreclosure Activity appeared first on DSNews.

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Quicken Loans

SEPTEMBER 10, 2021

As in many areas of life, people often prefer certainty when it comes to their mortgage payment. For this reason, the idea of going with an adjustable-rate mortgage (ARM) is often dismissed out of hand. However, there are certainly reasons to consider it, particularly if you’re refinancing to save money. We’ll discuss the pros and cons of an ARM refinance, but let’s start with the basics.

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Appraisal Buzz

SEPTEMBER 10, 2021

Sellers are listing more homes, but buyers are still snatching them up at a feverish pace. Economists predict the market will remain healthy heading into fall. The post Housing Report: Competition Cools, Demand Still Strong appeared first on DSNews. The post Housing Report: Competition Cools, Demand Still Strong appeared first on Appraisal Buzz.

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Will Springer Realtor

SEPTEMBER 10, 2021

Amazing views of the city, Olympic mountains, Elliott Bay, and Rainier in this SW corner of the coveted Parc condos. Floor to ceiling windows, view balcony, wide plank hardwood floors, slab-honed stone countertops, alder cherry cabinets and high end gas range and stainless appliances. Central heat and A/C. Blocks to Pike Place Market, Sculpture Park and all that Belltown has to offer.

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Marketing 36

Appraisal Buzz

SEPTEMBER 10, 2021

The national median monthly mortgage payment for homebuyers rose 67% faster than rents during the same period, according to a new report from Redfin. This is despite mortgage interest rates falling back to near-record lows. This is the seventh consecutive month that growth in median mortgage payments for new homebuyers have outpaced that of rents. However, in August, growth in rents were speeding up while growth in mortgage payments were slowing.

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Mortgagebroker News

SEPTEMBER 10, 2021

Uninsured loans accounted for the bulk of mortgages in arrears for over 90 days

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Appraisal Buzz

SEPTEMBER 10, 2021

The demand for residential real estate, while nudging down, remained elevated heading into fall. Competition is softening slightly, and prices are still high—that’s according to the housing market report from Redfin.com measuring a number of market indicators based on data from 400 major metros from August. “More homes were listed this summer, but they were … The post Homebuyers ‘Snatching Up’ New Inventory appeared first on theMReport.com.

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Mortgagebroker News

SEPTEMBER 10, 2021

Proceeds of the offering went up to $46 million

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