Housing Wire
JUNE 23, 2022
Ginnie Mae announced last week that it is extending certain pandemic-era policies, including delinquency reporting exemptions. Delinquency reporting exemptions were set to expire at the end of July, but Ginnie Mae said issuers now have until Jan. 31, 2023. It also said that alternative audit procedures will be accepted until it’s “practicable for issuers.”.
Cleveland Appraisal Blog
JUNE 23, 2022
Hello! I hope your spring has been fantastic! It’s hard to believe that we are nearly to summer! This week I welcome back guest blogger Betty White with some tips on home security for the spring and summer months. Enjoy! Alt-tag: Home that is safe and secured for the spring. As spring brings longer and warmer days, people like to spend more time outdoors.
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Housing Wire
JUNE 23, 2022
In 1997, when I first entered this business, “disintermediation” was a hot topic. Property listings had just gone online. Expedia had launched the previous year and was already upending the travel business. Many believed Realtors were next. At the time, there were 716,000 Realtors in America. Today, there are 1,563,000 Realtors in America. Whoops. An asymmetrical fight for the future.
Appraisal Buzz
JUNE 23, 2022
Mortgage Markets CUSO is now using Mortgage Coach to increase mortgage lending engagement at the credit unions it serves. A subsidiary of Connecticut-based Finex Credit Union, Mortgage Markets CUSO is a credit union service organization that was founded in 2003 to fulfill credit unions’ need for modern, friendly mortgage lending outsourcing. To date, Mortgage Markets CUSO’s mortgage lending services are relied on by 15-plus U.S. credit unions including Connecticut State Employees Credit Union an
Housing Wire
JUNE 23, 2022
Austin-based mortgage tech platform UpEquity laid off around 10% of its workforce last week, proof that the rising interest rate landscape hurts real estate technology companies, too. . Co-founded in 2019 by Tim Herman and Louis Wilson, the lender and “power buyer” allows homebuyers to make all-cash offers to compete with institutional investors.
Appraisal Buzz
JUNE 23, 2022
Equity Valuation Partners (EVP), a provider of home value services, valuation tools and property value data for the real estate industry, has launched Inhabet , a one-stop platform that empowers lenders to generate their own compliant estimate of value for residential and commercial real estate (CRE) properties. Because the demand for home valuations far exceeds the supply of appraisers, many lenders are experiencing delays in closing real estate transactions.
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Appraisal Buzz
JUNE 23, 2022
Despite home-flipping rates reaching new highs, representing 9.6% of total home sales in Q1, ATTOM reports that profit margins on flips hit a 13-year low. The post ROI on Home Flips Falls to Lowest Level Since 2009 appeared first on DSNews. The post ROI on Home Flips Falls to Lowest Level Since 2009 appeared first on Appraisal Buzz.
Housing Wire
JUNE 23, 2022
Homebuyer affordability decreased slightly in May, as new mortgages took up a larger share of a the average person’s income while rates trended higher. High inflation and rising mortgage rates won’t lessen the burden on new home buyers in the coming months. The national median payment applied for by applicants rose to $1,897 last month from April’s $1,889, according to the Mortgage Bankers Association (MBA).
Appraisal Buzz
JUNE 23, 2022
Out-of-state applicants for rental properties increased 42% from 2020 to 2021, according to a new data analysis from TransUnion. In that same period, rental applications in rural areas increased 28%, while urban rental application volume rose just 10%. The primary driver of these trends appears to be rising housing costs and the widespread availability of … The post More Renters Seeking Warmer, Rural Areas appeared first on DSNews.
DW Slater Company
JUNE 23, 2022
It’s summer and in some parts of the country it is getting very hot! Here in North Texas we have been in a heat wave , that seems to have no end in sight. Every day this week heat advisories have been issued and it can be challenging to be out in it. In a previous post about how to dress, I discussed the importance of dressing professionally and practically.
Appraisal Buzz
JUNE 23, 2022
Homebuyer affordability was mostly unchanged in May, with the national median payment applied for by applicants up slightly to $1,897 from $1,889 in April. This is according to the Mortgage Bankers Association ‘s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).
Eyes on Housing
JUNE 23, 2022
Hispanics are an important source of labor in the U.S. construction industry, where skilled labor shortage is a long-term issue. One in three workers in the US construction industry is Hispanic. The latest labor force statistics from the 2021 Current Population Survey show that Non-Hispanic Whites account for the majority of workers in the construction industry (59%).Hispanics make up close.
Appraisal Buzz
JUNE 23, 2022
2021 was a notable year on many fronts—the housing market broke records like toothpicks throughout the year and shattered others that stood for years, if not decades, as every month and every quarter brought new data from the breach. But the record breaking year that was 2021 seems to be a one-off performance as the … The post On the Horizon: Insights From the JCHS appeared first on DSNews.
GoForrmz
JUNE 23, 2022
Join us for our first ever GoFormz Quarterly Office Hours , July 19th at 11:00 AM PT Next month we’ll be hosting our first ever GoFormz Quarterly Office Hours, a live webinar showcasing product improvements and releases from the past six months. Along with discussing these updates, we’ll also be giving you an exclusive sneak peek at our feature roadmap and will be holding a Q&A session with the GoFormz team.
Appraisal Buzz
JUNE 23, 2022
Freddie Mac ’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 5.81% with an average 0.8 point as of June 23, 2022, up from last week when it averaged 5.78%. A year ago at this time, the 30-year FRM averaged 3.02%. “Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year,” observes Sam Khater, Freddie Mac’s chief economist.
BiggerPockets
JUNE 23, 2022
Finding cities with the highest rental appreciation is crucial if you want to make a profitable investment in the rental market. Even in an expensive housing market, finding suitable buy-and-hold […].
Appraisal Buzz
JUNE 23, 2022
The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced it has allocated $30.1 million in noncompetitive funding for HUD’s state and local fair housing enforcement agencies across the country under its Fair Housing Assistance Program (FHAP). The FHAP is an intergovernmental partnership between the federal government and state and local agencies to provide … The post HUD Allocates Over $30M in Funding for State, Local Fair Housing appeared first on DSNews.
Mashvisor
JUNE 23, 2022
Crypto and blockchain have disrupted multiple industries, and real estate is not an exception. Want to know how it happened? Let’s get down to it!
BiggerPockets
JUNE 23, 2022
“Buy now, pay later” companies have been around for decades, but not in the form they take today. You may have noticed that when you check out from an online […].
Mashvisor
JUNE 23, 2022
Investing is one of the best ways of securing one’s financial future. And investing over the long term is considered the best way to invest.
Mortgagebroker News
JUNE 23, 2022
The fintech has released a new whitepaper detailing how digitization will bring about an end-to-end customer pathway
Assurance Financial
JUNE 23, 2022
Mortgage Banker Magazine recognized Katherine Campbell, Assurance Financial Chief Digital Officer, with their 2022 “Legends of Lending” award. The publication asked readers and mortgage professionals to nominate mortgage leaders deserving of the “Legends of Lending” award. They set out to find the most talented, ambitious, and legendary individuals who achieve excellence and make a difference in the mortgage industry.
Mortgagebroker News
JUNE 23, 2022
The market is benefiting from increased migration and relative affordability
Housing Wire
JUNE 23, 2022
The Federal Housing Finance Agency (FHFA) today reiterated its stance on a new fee on some government-backed enterprise securities. The agency made no promise to delay the fee. Still, some stakeholders unhappy with the fee see an opportunity. In a statement, FHFA Director Sandra Thompson said her agency was “committed to the continued strength and resilience” of the process for issuing single securities, “given the significant improvement in liquidity and stability” it has given the market.
Mortgagebroker News
JUNE 23, 2022
Fortress Real Developments has been accused of bilking hundreds of millions from investors
Appraiserblogs
JUNE 23, 2022
Free webinar on how to protect yourself against discrimination claims on 6/30/22, and today there will be a forum on “Racial Bias in the Home Appraisal Process”… OREP is sponsoring a free webinar on how to protect yourself and your business against discrimination claims. Leading trial attorney Craig Capilla has handled nearly 1,000 appraiser cases in his career and has been on the frontlines defending appraisers from lawsuits, state board complaints, and now, HUD Fair Housing (Discrimination) co
Mortgagebroker News
JUNE 23, 2022
Constant gains in petroleum prices are largely to blame for runaway inflation
Mortgagebroker News
JUNE 23, 2022
The organization is helmed by a well-known industry figure
Mortgagebroker News
JUNE 23, 2022
Last week to take part in CMP's annual Brokers on Lenders survey
Mortgagebroker News
JUNE 23, 2022
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