Fri.May 14, 2021

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Generation X is looking to move to these metros

Housing Wire

In the last few years, there’s been a lot of conversation surrounding 25 to 40-year-olds and their home purchasing habits. But according to a new LendingTree study , millennials aren’t the only ones making big purchases – Generation X is doing the same. Generation Xers are taking advantage of the housing boom. Generation Xers were born between 1965-1980 and range between 41 to 56-years-old.

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Bonds Hold Their Ground After Weaker Retail Sales Data

Appraisal Buzz

Weaker Retail Sales Casts Vote For Range-Holding Wednesday’s CPI data was akin to some passionate political orator making a case for the country to go to war against low rates. Yesterday’s 30yr bond auction stepped in with a “not so fast” counterpoint, and now today’s Retail Sales data gives us hope that cooler heads will prevail.

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A guide for homebuyers looking to buy their dream home

Housing Wire

Are you thinking about buying your first home? Because of today’s low interest rates , some homebuyers may be able to afford the homes of their dream. But low interest rates aren’t the only thing you should consider when house shopping. Due to high demand, the housing supply is slim. But that doesn’t mean you should settle for a house you don’t love.

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Churchill Mortgage Promotes Company Veteran to VP of Operations

Appraisal Buzz

In his new role, Grant McFarland, who has been with the company 10 years, will focus on processing, underwriting, and closing technologies. The post Churchill Mortgage Promotes Company Veteran to VP of Operations appeared first on theMReport.com. The post Churchill Mortgage Promotes Company Veteran to VP of Operations appeared first on Appraisal Buzz.

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Foreclosures down in April as moratorium continues

Housing Wire

The number of properties with foreclosure filings hit 11,810 in April, down 1% month over month and 17% year over year, according to a recent study from RealtyTrac and ATTOM Data Solutions. May marks the 14th month of the federal government’s foreclosure and eviction moratorium. States with the highest April foreclosure rates were Delaware (one in every 5,700 housing units with a foreclosure filing), Nevada (one in every 5,738), Illinois (one in every 5,890), Florida (one in every 6,375), and Ne

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Most Valuable Company: Claims Recovery Financial Services

Appraisal Buzz

In our latest Most Valuable Companies profile, executives from Claims Recovery Financial Services explain how the company has adapted to the new default and servicing landscape, utilizing its nationwide remote workforce. The post Most Valuable Company: Claims Recovery Financial Services appeared first on DSNews. The post Most Valuable Company: Claims Recovery Financial Services appeared first on Appraisal Buzz.

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Sales Boomerang Expands Integration with Insellerate

Appraisal Buzz

Sales Boomerang , an automated borrower intelligence and retention system, has expanded its integration with lmortgage customer experience platform Insellerate. By combining loan opportunity alerts from Sales Boomerang with Insellerate’s automated, multi-channel marketing that spans phone, text, email, direct mail, social media and website retargeting, the technologies’ seamless API integration enhances every stage of the borrower journey to help lenders increase customer retention and convert m

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UWM has a plan to win a war of mortgage attrition

Housing Wire

Mat Ishbia isn’t sweating a projected drop in gain-on-sale margins, all the way down to 75 to 110 basis points. Quite the contrary. In his estimation, a higher rate environment and hyper-competitive pricing will provide United Wholesale Mortgage an opening salvo to win a war of attrition and build an even bigger army of loyal mortgage brokers.

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Forbearance Levels Improve, But Plan-Expirations Loom Large

Appraisal Buzz

Forbearance levels are looking better across the board as volume decreases for all types of mortgage loans, according to the weekly report from Black Knight. Keeping with the strong trend of early-month improvements, overall volumes dropped by 61,000 or 2.7%. Forbearance volumes for Fannie Mae and Freddie Mac fell by 13,000, or -1.9%. Federal Housing … The post Forbearance Levels Improve, But Plan-Expirations Loom Large appeared first on DSNews.

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Former TIAA CEO joins Notarize board of directors

Housing Wire

Former TIAA CEO and President Roger Ferguson Jr. has joined the Notarize board of directors, the company announced in a release on Thursday. Under Ferguson’s management, TIAA more than doubled its total assets to over $1 trillion. Ferguson retired from TIAA on March 31 after 13 years. Besides his time at TIAA, Ferguson also served as vice chairman of the board of governors of the U.S.

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What FHFA’s Living Will Rule Means for Housing Finance

Appraisal Buzz

Director Mark Calabria explains why he believes credible resolution plans for GSEs protect taxpayers and the mortgage market during a financial crisis. The post What FHFA’s Living Will Rule Means for Housing Finance appeared first on theMReport.com. The post What FHFA’s Living Will Rule Means for Housing Finance appeared first on Appraisal Buzz.

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Strong Single-Family Permit Gains in March

Eyes on Housing

Over the three months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 276,110. On a year-over-year (YoY) basis, this is a 25.3% increase over the March 2020 level of 220,416. Year-to-date ending in March, single-family permits reported increases in all four regions. The relatively more affordable Midwest reported the strongest increase of 40.0%, followed by.

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The Week Ahead: Servicers Brace for the Future

Appraisal Buzz

The mortgage servicing industry’s top thought leaders converge with government reps for a Legal League 100 virtual gathering tackling the hot-button issues impacting the marketplace. The post The Week Ahead: Servicers Brace for the Future appeared first on DSNews. The post The Week Ahead: Servicers Brace for the Future appeared first on Appraisal Buzz.

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2021 Housing Market Outlook: Is Real Estate In a Bubble or Is It Simple Economics?

BiggerPockets

With property prices soaring across the country, many are wondering if the housing market in a bubble right now. And it’s a good question. Learn more here.

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The Week Ahead: HUD Secretary to Address Housing Infrastructure

Appraisal Buzz

The Senate Banking Committee will host HUD’s Marcia Fudge this week as she discusses measures the Department can take to improve the state of the nation’s infrastructure. The post The Week Ahead: HUD Secretary to Address Housing Infrastructure appeared first on theMReport.com. The post The Week Ahead: HUD Secretary to Address Housing Infrastructure appeared first on Appraisal Buzz.

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What Is an Appraisal? The Appraiser’s Definition

McKissock

There’s often confusion around what is an appraisal and what isn’t. Let’s all agree right from the start: a standardized form like the Fannie Mae 1004/Freddie Mac Form 70 used by the mortgage industry is not an appraisal. The appraisal is the process that you, the appraiser, undertake and complete and then report its results to the client. Most of the mortgage industry, financial industry, and public at large do not understand the difference.

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House Hunters Face Increasing Competition

Appraisal Buzz

This homebuying season, it is not unusual for desirable properties to receive 20 or more bids, and the market shows no signs of cooling, according to agents. The post House Hunters Face Increasing Competition appeared first on theMReport.com. The post House Hunters Face Increasing Competition appeared first on Appraisal Buzz.

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Investing in a Rental Property? The 10 Real Estate Tips You Need in 2021

Mashvisor

Investing your money in the real estate business is probably one of the best financial decisions you could make in 2021.

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What Is an Appraisal? The Appraiser’s Definition

Appraisal Buzz

There’s often confusion around what is an appraisal and what isn’t. Let’s all agree right from the start: a standardized form like the Fannie Mae 1004/Freddie Mac Form 70 used by the mortgage industry is not an appraisal. The appraisal is the process that you, the appraiser, undertake and complete and then report its results to the client. Most of the mortgage industry, financial industry, and public at large do not understand the difference.

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Lamacchia Realty Ranked in the 2021 Mega 1000

Lamacchia Realty

The T3 Sixty has released it’s annual ranking of the Mega 1000 Brokerages through the Real Estate Almanac. Lamacchia Realty officially ranked 358th by sales volume out of 1000 brokerages in the U.S. residential real estate brokerage industry as of December 31, 2020. Lamacchia closed out 2020 with $1,043,000,000 in sales volume which is a monumental feat for a brokerage any year, but especially in 2020.

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Borrowers Taking Advantage of More Lender Tech

Appraisal Buzz

A new study finds that tech is becoming more accepted by borrowers, and that lenders are keeping pace in terms of adoption of new advances to streamline the homebuying process. The post Borrowers Taking Advantage of More Lender Tech appeared first on DSNews. The post Borrowers Taking Advantage of More Lender Tech appeared first on Appraisal Buzz.

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The financing delay headache

Mortgagebroker News

One Quebec broker on why the inability of clients to waive conditions on an offer is causing trouble

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Demand for All-Digital Mortgages Grows

Appraisal Buzz

More homebuyers are embracing tech tools in the home shopping and home search process, as lenders continue to take measures toward a fully electronic experience. The post Demand for All-Digital Mortgages Grows appeared first on theMReport.com. The post Demand for All-Digital Mortgages Grows appeared first on Appraisal Buzz.

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Poll: Canadians open to higher rates for greater stability

Mortgagebroker News

Despite growing economic confidence, Canadians still believe that current home price trends are a major problem

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Calabria Discusses FHFA’s Living Will Rule

Appraisal Buzz

The Director says credible resolution plans ensure that, in a housing finance crisis, FHFA will be able to act quickly without exposing the financial system or taxpayers to additional risk. The post Calabria Discusses FHFA’s Living Will Rule appeared first on DSNews. The post Calabria Discusses FHFA’s Living Will Rule appeared first on Appraisal Buzz.

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BiggerPockets Money Podcast 196: Finance Friday: Debt-Free, Great Pensions, But Will it Be Enough?

BiggerPockets

Getting out of debt can be very empowering, which is exactly how Azar and Jeffrey felt when they paid off $83,000 of debt in under 3 years! They thought it […].

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Obtaining Home Insurance in Florida

Lamacchia Realty

FLORIDA HOME INSURANCE. Buying a home is a big step, to say the least. Becoming a homeowner is often seen as one of the final stepping stones in adulthood and signing on that dotted line is very exciting! Owning a home comes with a lot of responsibility too. Even if the home is in great condition at the time of purchase, it’s essential to protect yourself against future unexpected expenses.

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Improved purchasing power could boost recovery prospects

Mortgagebroker News

Consumers who have saved up large sums over the past year might fuel growth in 2021 and beyond

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The Ultimate Guide to Estate Planning Appraisal for Real Estate Properties

The Robert Weiler Company

Recently, a beloved Canadian reached the milestone age of 90, joining a group of more than 2 million strong south of his native border. It is a group of increasingly vibrant – “and growing” – individuals with many estate planning appraisal and real estate planning needs for multiple properties. No, we’re not talking about Jim Carrey; he’s 59. We’re also not talking about Justin Bieber.

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How do we make real progress on the homeownership gap?

Housing Wire

Secretary of Housing and Urban Development Marcia Fudge delivers remarks during a press briefing at the White House in Washington, U.S., March 18, 2021. REUTERS/Carlos Barria. First, let’s set the record straight. Homeownership is critical to wealth creation, especially for establishing intergenerational wealth in America. When looking at net worth, even considering the fact that there can be periods of volatility, the ability for Americans to own a home has proven to be the best method for esta