Housing Wire

DECEMBER 10, 2021

One week after laying off 900 employees via Zoom and courting a mountain of bad press, Better.com ’s founder and CEO Vishal Garg is taking leave “effectively immediately,” according to an internal memo sent to employees of the digital mortgage lender on Monday. In the interim, Kevin Ryan, chief financial officer at Better and a former executive at Morgan Stanley , will step in to manage day-to-day decisions of the company, the letter read.

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Appraisal Buzz

DECEMBER 10, 2021

Mortgages that are in active forbearance plans continue to fall in December, led by portfolio held and privately securitized loans. According to Black Knight’s McDash Flash daily mortgage performance dataset, which covers more than 197 million home loans and home equity data on more than 27 million loans and lines of credit, the number of loans in active forbearance fell by … The post Active Forbearance Numbers Continue to Fall appeared first on DSNews.

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Housing Wire

DECEMBER 10, 2021

Mortgage credit availability dropped in November, despite improvements in the labor market, according to a report released Friday by the Mortgage Bankers Association (MBA). While there was an increase in loans that cater to self-employed borrowers, who were left in the cold by most lenders during the pandemic, that was offset by a the decline in credit availability through government loans programs.

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Appraisal Buzz

DECEMBER 10, 2021

With more than 18 years of experience in the default servicing sector, Mark Rothfuss joins firm to head up the Ohio and Kentucky Foreclosure and Litigation Practice. The post McCalla Raymer Leibert Pierce Add New Partner appeared first on DSNews. The post McCalla Raymer Leibert Pierce Add New Partner appeared first on Appraisal Buzz.

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Housing Wire

DECEMBER 10, 2021

This week’s HW+ member spotlight features Josh Mettle, division president at NEO Home Loans. With over 20 years of mortgage experience, Mettle has dedicated his career to the mortgage industry. Prior to NEO Home Loans, Mettle served as senior vice president, director of physician lending at Fairway Independent Mortgage Corporation. He also is an author, podcast host and professional mortgage and life coach, helping the industry better understand how Physician Home Loans work.

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Appraisal Buzz

DECEMBER 10, 2021

Access to jumbo mortgage credit continued to increase in November, but the Mortgage Bankers Association (MBA) says it is still down significantly from pre-pandemic levels. Overall access fell during the month according to MBA’s Mortgage Credit Availability Index (MCAI) which dipped by 0.6 percent. The decrease, however, was due solely to a constriction on the government loan side.

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Appraisal Buzz

DECEMBER 10, 2021

Millennials are spending the highest percentage of their monthly income on homeownership costs compared to other generations. According to a new report by home equity investment provider Hometap, millennials are finding themselves at the greatest risk of becoming house-rich and cash-poor. As real estate values and housing demands remain high nationwide, millennials are also the … The post Survey Shows Financial Hardships for Millennials appeared first on theMReport.com.

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Eyes on Housing

DECEMBER 10, 2021

In November, consumer prices increased by 6.8% from a year ago. It marks the largest year-over-year gain since June 1982. Supply-chain constraints and strong consumer demand related to the pandemic and the reopening of the economy have contributed to recent price increases in some sectors. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by.

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Appraisal Buzz

DECEMBER 10, 2021

MBA Associate VP Joel Kan discusses increases in conventional credit availability, and how it has been offset by a decrease in government credit. The post A Decline in Credit Availability in November appeared first on theMReport.com. The post A Decline in Credit Availability in November appeared first on Appraisal Buzz.

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Empire Appraisal Group

DECEMBER 10, 2021

Has 2021 Been a $2 Trillion Year? The booming real estate market is on a pace to shatter records this year. The real estate data firm CoreLogic reports that the total value of residential real estate transactions in 2021’s second quarter topped $600 billion for the third time in the past year. That puts the market on track for a record-breaking year, CoreLogic says.

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Appraisal Buzz

DECEMBER 10, 2021

An upcoming webinar will share the secrets and techniques behind selling USDA real estate-owned properties, led by a panel of experts in the field of property preservation, asset management and REO support services. The post The Week Ahead: Tapping Into the USDA REO Market appeared first on DSNews. The post The Week Ahead: Tapping Into the USDA REO Market appeared first on Appraisal Buzz.

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McKissock

DECEMBER 10, 2021

As the end of the year approaches, housing market predictions for 2022 abound. Fortune reviews various 2022 housing forecasts, focusing specifically on home price growth. Redfin predicts a more balanced residential market in 2022. Realtor.com forecasts a mixed bag of opportunities for homebuyers in the coming year. Predictions for the top housing markets of 2022 may surprise you.

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Appraisal Buzz

DECEMBER 10, 2021

As the end of the year approaches, housing market predictions for 2022 abound. Fortune reviews various 2022 housing forecasts, focusing specifically on home price growth. Redfin predicts a more balanced residential market in 2022. Realtor.com forecasts a mixed bag of opportunities for homebuyers in the coming year. Predictions for the top housing markets of 2022 may surprise you.

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Lamacchia Realty

DECEMBER 10, 2021

We are SO happy to share that Genevieve Botelho has qualified for the prestigious distinction of President’s Club ELITE by closing 50 sales this year alone! This is Genevieve’s 2nd time qualifying for the club, making it in 2020 as well. Genevieve was named the #1 agent in the Worcester office for total sales and highest volume in 2019 and 2020.

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Appraisal Buzz

DECEMBER 10, 2021

BLOG VIEW: The share of gig workers – independent contractors, online platform workers, contract workers, on-call workers and temporary workers – has increased significantly during the past several years, a trend that has been accelerated by the pandemic. Unemployment during the peak of the pandemic was at 14%. Twelve percent of these unemployed people picked up gig work for the first time.

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Lamacchia Realty

DECEMBER 10, 2021

IMPORTANT THINGS BUYERS SHOULD KNOW ABOUT THE CLOSING PROCESS. You’ve been on the home search for a while, and you’ve officially gotten the news that your offer has been accepted – congratulations! Now it’s time to focus on the next step, which is the closing process. There are a few things to keep in mind as you get closer to the closing table to ensure that things stay on track so you can officially sign on the dotted line.

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Appraisal Buzz

DECEMBER 10, 2021

Mortgage credit availability decreased in November 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 fell by 0.6% to 124.9 in November. 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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Mashvisor

DECEMBER 10, 2021

As travel starts returning to normal, take advantage of this opportunity by finding lucrative Airbnb locations for your next rental investment.

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Appraisal Buzz

DECEMBER 10, 2021

Since the third quarter of 2020, mortgage holders have realized a $3.2 trillion gain in equity—a gain of 31.1% year-over-year—the highest rate of growth seen in 45 years. According to a new report by CoreLogic, mortgage holders, which account for 63% of all properties, have gained an average of $56,700 per property due to recent market conditions. These gains proved to be an effective stopgap against foreclosure … The post Homeowners Gain $3.2T in Equity appeared first on DSNews.

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Mashvisor

DECEMBER 10, 2021

Buying a home is more complex than most purchases. Most buyers know they need a down payment and closing costs, but there are other fees and expenses, too.

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Appraisal Buzz

DECEMBER 10, 2021

Since the third quarter of 2020, mortgage holders have realized a $3.2 trillion gain in equity—a gain of 31.1% year-over-year—the highest rate of growth seen in 45 years. According to a new report by CoreLogic, mortgage holders, which account for 63% of all properties, have gained an average of $56,700 per property due to recent market conditions. These gains proved to be an effective stopgap against foreclosure … The post How Much Equity Have Homeowners Gained This Year?

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Mortgagebroker News

DECEMBER 10, 2021

CIBC's Tal says a new COVID-19 variant likely weighed heavily on the BoC decision not to increase rates

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Appraisal Buzz

DECEMBER 10, 2021

HUD and the Census Bureau are set to release their new residential construction data, a gauge of how the market will close out Q4 as the supply/demand struggle continues. The post The Week Ahead: How Will the Housing Market Exit 2021? appeared first on theMReport.com. The post The Week Ahead: How Will the Housing Market Exit 2021? appeared first on Appraisal Buzz.

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Mortgagebroker News

DECEMBER 10, 2021

Accelerated home price growth is likely to fuel the mortgage market for the foreseeable future, new study says

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Appraisal Buzz

DECEMBER 10, 2021

Jennifer Henry of Equifax explains how cloud computing allows the mortgage ecosystem to exist in a more holistic and less segmented environment, providing a seamless digital experience. The post Cloud-Based Solutions Lead the Way appeared first on DSNews. The post Cloud-Based Solutions Lead the Way appeared first on Appraisal Buzz.

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Mashvisor

DECEMBER 10, 2021

Despite the global health crisis, the Baltimore real estate market is thriving.

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Mortgagebroker News

DECEMBER 10, 2021

The central bank's current stance shows no intensified concerns toward inflation, BMO says

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BiggerPockets

DECEMBER 10, 2021

This week’s question comes from Daniel, who reached out directly to Ashley through her Instagram (@wealthfromrentals). Aside from giving Ashley some more movie quotes to use, Daniel is also asking: […].

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Real Estate 47

Mortgagebroker News

DECEMBER 10, 2021

Costs remain top of the mind for this demographic, according to a new survey

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Housing Wire

DECEMBER 10, 2021

In the world of mortgage-financing, there exists a product line defined by what it is not — non-qualified mortgage (non-QM), non-prime, non-agency or an alternative-documentation loan. In the secondary market, these non-QM loans are in demand this year and are expected to continue propelling the growth of private-label securitizations in the year ahead, according to Dane Smith, president of Versus Mortgage Capital.

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Mortgagebroker News

DECEMBER 10, 2021

However, industry names eye the start-up's claims with suspicion

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Housing Wire

DECEMBER 10, 2021

As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Will the market continue its streak of strong growth, or are we finally about to see a slow down? Here’s a high-level forecast for what to expect next year, based on the supply and demand signals we can already see in today’s data.

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Property Metrics

DECEMBER 10, 2021

To minimize or defer the tax bill when selling investment real estate, investors commonly use what’s known as a 1031 or Like Kind Exchange. In this article you’ll learn what a 1031 exchange is, how a 1031 exchange works, what the 1031 exchange rules are, the 1031 exchange timeline, and then we’ll cover some frequently asked questions.

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Appraisal Buzz

DECEMBER 10, 2021

As the cost of housing continues to soar, deciding whether to buy a home or rent one is a virtual toss-up in many parts of the country. But it is a clear-cut decision in eight major metropolitan areas, according to an analysis by professors at Florida Atlantic University and Florida International University. In Dallas, Denver, Houston, Kansas City and Seattle, consumers looking to build wealth are better off renting a property and reinvesting the.

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