Tue.Jan 11, 2022

Mortgage delinquency rate reaches prepandemic levels

Housing Wire

Mortgage delinquency rates hit pre-pandemic levels in October due to labor market improvements and home equity increases, according to the most recent CoreLogic Loan Performance Report. The expectation is that rates will continue to decline during 2022. In October, 3.8%

It’s Wonderful to Have an Attitude of Gratitude

Appraisal Buzz

BLOG VIEW: Finding success in the world is never easy. Each of us must overcome various obstacles and challenges to achieve our goals and find success. This includes internal challenges that affect us on a personal level and external challenges that require us to adapt to different situations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Redfin acquires Bay Equity, pink slips 121 staff

Housing Wire

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company.

Non-QM Lender NextUs Lending Using OptifiNow to Grow its Wholesale Platform

Appraisal Buzz

NextUs Lending , a non-QM lender based in Irvine, Calif., is using OptifiNow , a provider of custom CRM solutions for the mortgage lending industry, to grow its wholesale platform. .

RE/MAX Holdings CEO Adam Contos stepping down

Housing Wire

RE/MAX Holdings CEO Adam Contos is stepping down effective March 31, 2022. While the company plans to form a CEO search committee, Board Member Stephen Joyce will be appointed Interim CEO. Contos and Joyce will serve as co-CEOs beginning March 1.

Trust Lending Utilizes ReverseVision’s Platform for Reverse Mortgages

Appraisal Buzz

Trust Lending , a national mortgage banker, has gone live with ReverseVision ’s Exchange (RVX) platform for its wholesale lending channel. ReverseVision is a national provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology.

More Trending

Family Was the Chief Reason People Moved States in 2021

Appraisal Buzz

Migration is essential to the American way of life—people move seeking different climates, better job opportunities, cost of living, or to be closer to family. Long gone are the days of having to pack a covered wagon to venture across the country; commercial shippers are now the mode of choice.

Stewart Title makes second acquisition in under a week

Housing Wire

Less than a week after acquiring Nashville-based Homeland Title , Stewart Title is at it again. On Tuesday, the smallest of the “Big Four” title insurers announced that it had acquired a majority interest in Houston-based Great American Title Company (GATCO).

Vermont Remains Top State to Move To

Appraisal Buzz

Migration is essential to the American way of life—people move seeking different climates, better job opportunities, cost of living, or to be closer to family. Long gone are the days of having to pack a covered wagon to venture across the country; commercial shippers are now the mode of choice.

Nominations for HousingWire’s Finance Leaders award are now open!

Housing Wire

For the second year, HousingWire is honoring senior executives in housing who are enabling, supporting and navigating growth and innovation within their organizations.

Rate Locks Down 35% Year-Over-Year

Appraisal Buzz

The latest Originations Market Monitor from Black Knight Inc, shows another big slowdown in momentum in December as rate lock volumes fell across the board, driven by a 22.5% drop in purchase loan locks.

Appraisers slam FHFA appraisal blog post

Housing Wire

Research detailing overt demographic references in appraisal reports has sparked anger from appraisers, even as they express dismay at the findings. “I I was sickened when I read it,” said St. Petersburg, Florida-based appraiser Francois “Frank” Gregoire. “I

What Do Experts Expect From 2022’s Housing Market?

Appraisal Buzz

Home price appreciation in suburban areas is expected to continue to outpace metropolitan cities in 2022. Here’s what else a new report predicts for the months ahead. The post What Do Experts Expect From 2022’s Housing Market? appeared first on DSNews.

FinLedger doubles down on proptech, partners with Tech Nest podcast

Housing Wire

Since its launch in August 2020, FinLedger has kept its pulse on the explosive and expansive sector of financial technology for thousands of readers. And now we’re ready for the next stage of FinLedger’s growth.

Nationwide Home Price Slowdown on the Horizon in ’22?

Appraisal Buzz

Experts predict the expectation that mortgage rates will remain relatively low, offering attractive financing for homebuyers. The post Nationwide Home Price Slowdown on the Horizon in ’22? appeared first on theMReport.com. The post Nationwide Home Price Slowdown on the Horizon in ’22?

The Problem With Perspective

The Appraiser Coach

There’s a common theme that comes up a lot in my coaching, and that is overcoming the idea that people have of what is – or is not – possible. Read More.

Mortgage Delinquency Rates on the Decline as Home Equity Increases

Appraisal Buzz

Nationwide delinquency rates declined overall for the seventh consecutive month, reaching the lowest level since March 2020. The post Mortgage Delinquency Rates on the Decline as Home Equity Increases appeared first on DSNews.

2020 ACS Experimental Data: A Note for Home Building Researchers

Eyes on Housing

Researchers in the home building industry should be aware that the Census Bureau released experimental estimates from the 1-year ACS data for 2020 instead of the standard 1-year 2020 estimates.

Appraising New Construction: Guidance for Follow-Up Inspections

Appraisal Buzz

While most appraisals only require a single field visit—and in some cases none—when it comes to appraising new construction, you may need to visit the property several times. It mostly depends on the lender requirements, but you are also going to be sure you practice due diligence.

What is the role of the appraiser in home valuations?

Midtown Appraisal Group

Where data, experience and insight meet In previous posts, we’ve talked about how appraisers use data and comparable sales in order to arrive at a valuation for properties.

Understanding the HAF

Appraisal Buzz

Attorney Marissa M. Yaker details what you need to know about the Homeowner Assistance Fund, and the HAF’s goal of mitigating financial hardships associated with the pandemic. The post Understanding the HAF appeared first on DSNews. The post Understanding the HAF appeared first on Appraisal Buzz.

First-time buyers in Canada – will the landscape improve in 2022?

Mortgagebroker News

An industry veteran gives his verdict on how things are likely to play out for would-be new buyers this year

Mortgage Credit Availability Increased Slightly in December

Appraisal Buzz

Mortgage credit availability increased in December 2021, 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 0.8% to 125.9

Tools 195

What might compel the Bank of Canada to hike rates sooner?

Mortgagebroker News

The Canadian jobs market has essentially returned to its pre-pandemic strength, observer says

Stewart Acquires Great American Title

Appraisal Buzz

Latest move strengthens Stewart’s presence in the Texas market, bolstering the company’s position as a provider of title and escrow services. The post Stewart Acquires Great American Title appeared first on DSNews. The post Stewart Acquires Great American Title appeared first on Appraisal Buzz.

Consumer confidence takes a hit at the start of 2022

Mortgagebroker News

The erosion of confidence was particularly apparent over the past four weeks, according to pollsters

58

Mortgage Delinquency Rates Decrease from October 2020, Reports CoreLogic

Appraisal Buzz

CoreLogic ’s monthly Loan Performance Insights Report for October 2021 shows that 3.8% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.3-percentage point decrease compared to October 2020, when it was 6.1%.

Canadian construction cost growth soars – report

Mortgagebroker News

Construction cost increases in two major Canadian cities outstrip the pace across the rest of North America

PennyMac Rebrands to Focus on the TPO Market

Appraisal Buzz

To further support its commitment to the wholesale channel, PennyMac debuts a new identity alongside company-wide rebranding endeavor. The post PennyMac Rebrands to Focus on the TPO Market appeared first on theMReport.com.

New green-friendly housing supply to arise in Fredericton, NB

Mortgagebroker News

Federal investment to support dozens of new low-cost homes in the city

Daily AI Acquires Whiteboard for Mortgage CRM Software

Appraisal Buzz

Daily AI , a mortgage lending solutions provider, has acquired Whiteboard CRM. Whiteboard provides a mortgage CRM built to accelerate lead management, partner relationships, team production and revenue growth.

Morguard on the Canadian industrial market's 2022 prospects

Mortgagebroker News

Leasing conditions remain exceptionally tight in the largest urban markets

Aspire Home Loans Incorporates Black Knight’s Empower Loan Origination Solutions

Appraisal Buzz

Aspire Home Loans LLC, an independent mortgage banker, has signed a contract to implement Black Knight Inc. ’s s Black Knight Empower LOS and integrated origination performance solutions, including the Surefire customer relationship management (CRM) and marketing automation systems.

Retail 195

One buyer group is accounting for a growing share of Canadian condos

Mortgagebroker News

This demographic tends to snap up homes in the hottest provincial markets, as well