Housing Wire
MAY 17, 2021
With the economic expansion well underway, one big question remains: When will mortgage rates move toward 4% and higher? Mortgage rates increased toward 3.25% in mid-February from the recent all-time lows of 2.625% at the start of the year, but then retracted to around 3.0% currently. The bond market in 2021 has been above 1.60% for a brief time, with a recent high of about 1.75%.
Appraisal Buzz
MAY 17, 2021
During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Many of the complaints and allegations about appraisals related to not addressing the changes happening in the market as the meltdown began to occur, calling the market stable when prices were starting to decline.
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Housing Wire
MAY 17, 2021
Historically low mortgage rates had their moment in the sun in 2020. They rested far below 3% for months before America’s economic rebound pushed them back up in the winter of 2021. But data released on Thursday from Freddie Mac showed that mortgage rates idled below 3% again for an entire month, even with solid first-quarter GDP figures and encouraging consumer spending numbers.
Appraisal Buzz
MAY 17, 2021
In April, record-setting home sale speed and price reflected the “overwhelming demand and the resilience of today’s buyers,” researchers report. The post Report Indicates ‘Potentially Torrid’ Homebuying Season appeared first on theMReport.com. The post Report Indicates ‘Potentially Torrid’ Homebuying Season appeared first on Appraisal Buzz.
Housing Wire
MAY 17, 2021
Could it finally be happening? Senators Mark Warner (D-Va.) and Kevin Cramer (R-N.D.) have reintroduced federal legislation that would allow remote online legislation (RON) nationwide. Dubbed the Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act, the bipartisan legislation would permit “immediate nationwide use” of RON by every notary in the United States.
Sacramento Appraisal Blog
MAY 17, 2021
There’s no way it will sell for that much… But then it did. Today I have an interview with a local real estate agent about a property that recently commanded easily about $100,000 more than it looked like it could have on paper. I hope you enjoy this Q&A with Ted DeFazio and my takeaways […].
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
MAY 17, 2021
The number of Americans in forbearance programs this week is down again, the 11th consecutive week of such decline. The post Forbearance Exodus Continues appeared first on DSNews. The post Forbearance Exodus Continues appeared first on Appraisal Buzz.
Housing Wire
MAY 17, 2021
The American Land Title Association (ALTA) will be hosting approximately 400 people at the ALTA Advocacy Summit , the second virtual version of the association’s annual congressional fly-in, on May 18-20. The event includes discussions and forums on public policies regarding remote online notarization (RON), digital closings, federal tax policy, cannabis banking legislation, and more.
Appraisal Buzz
MAY 17, 2021
Dave Purdy has joined national residential mortgage lender Homespire Mortgage as Southwest Regional Manager. . Purdy has nearly three decades of mortgage industry experience. He is a former president of the Kansas Association of Mortgage Brokers and KAMB PAC Director. Purdy will leverage his significant industry knowledge and know-how to secure the Southwest region’s top talent with the goal of growing Homespire’s footprint throughout the Southwest.
DW Slater Company
MAY 17, 2021
When appraising, especially in our rural market areas, we drive around and see many things, including unusual names for streets. This sign in Montague county is one of our favorites and speaks to the affinity for being away from the hustle and bustle of the larger metropolitan areas. This past year, the pandemic has really been a disrupter for many facets of our lives but the impact on real estate has been significant.
Appraisal Buzz
MAY 17, 2021
U.S. Department of Housing & Urban Development (HUD) Secretary Marcia L. Fudge has allocated $5 billion in American Rescue Plan funds for emergency housing vouchers for individuals and families who are experiencing homelessness or at risk of homelessness. The funding is allocated through the Emergency Housing Voucher (EHV) program. Through EHV, HUD is providing 70,000 … The post HUD Commits $5 Billion to End Homelessness appeared first on theMReport.com.
Eyes on Housing
MAY 17, 2021
According to the 2019 American Community Survey (ACS), 22% (2.4 million) of construction workers are self-employed. This is significantly higher than an economy-wide average of 9.7% of the employed labor force. Nevertheless, construction self-employment rates are now lowest on record, down from a record high of over 26% in 2010. One of the factors behind the recently falling construction self-employment.
Appraisal Buzz
MAY 17, 2021
SimpleNexus eClose now supports remote online notarization (RON), enabling lenders to efficiently conduct fully-digital e-closings. SimpleNexus eClose brings together borrowers, lenders, settlement agents and notaries for a collaborative and efficient closing experience. Integrated e-sign capabilities offer borrowers the modern convenience of signing e-documents on any web-enabled device, including mobile phones.
GoForrmz
MAY 17, 2021
Look for these features and benefits when selecting your form builder Ready to start your digital transformation? Selecting your digital form builder may feel daunting, but searching for these key features can help. No code required When selecting your form builder it is important to keep in mind that your account administrators (those most often tasked with creating digital form Templates) may have varying experience with code.
Appraisal Buzz
MAY 17, 2021
The number of loans in active forbearance plans dropped by 2.7 percent last week. Black Knight says this continues a recent trend of strong improvements in the forbearance numbers in the early part of each month. The 61,000 loans that exited the program during the week ended May 11 leaves 2.16 million loans still in the various lender programs, 4.1 percent of all active mortgage loans.
BiggerPockets
MAY 17, 2021
Cash for keys is the strategy of giving tenants money to leave the rental property, avoiding the eviction process altogether. But before throwing money at a renter, there are some points for a homeowner to consider.
Appraisal Buzz
MAY 17, 2021
Bill Elderton says he is excited to join Roostify amid a period of digital transformation in the home lending space. The post Lending Technology Provider Roostify Adds Chief Technology Officer appeared first on theMReport.com. The post Lending Technology Provider Roostify Adds Chief Technology Officer appeared first on Appraisal Buzz.
BiggerPockets
MAY 17, 2021
Imagine this scenario: It’s 2021. Everything and everyone around you is the same as when you went to bed last night. But you suddenly realize that prices on everything have […].
Appraisal Buzz
MAY 17, 2021
Non-traditional law firm specializing in mortgage defaults welcomes new head of operations with 30-plus years of experience. The post Activist Legal Names Chris Pummill President of Operations appeared first on DSNews. The post Activist Legal Names Chris Pummill President of Operations appeared first on Appraisal Buzz.
Valuation Review
MAY 17, 2021
According to the latest CoreLogic Home Price Index pertaining to millennial home purchases, an 11.3 percent annual gain was recorded in March, the highest in 15 years. Mountain-West and Sun Belt regions saw heightened year-over-year growth, as well. Read on to learn more.
Appraisal Buzz
MAY 17, 2021
Tight timetables and less time to make sound decisions are beginning to haunt millennial homebuyers according to a new study. The post More Millennial Homeowners Experiencing Buyer’s Remorse appeared first on DSNews. The post More Millennial Homeowners Experiencing Buyer’s Remorse appeared first on Appraisal Buzz.
Valuation Review
MAY 17, 2021
In April, a drone operator in Goldsboro, N.C. started shooting drone photos and videos for Realtors, which included clients wanting more images with property lines. Within two years, North Carolina issued an order to ground his drone, according to a release from the Associated Press. Read on for more details.
Appraisal Buzz
MAY 17, 2021
Angel Oak Capital Advisors LLC says it has completed AOMT 2021-2, the first non-agency mortgage-backed securitization issued in the U.S. that qualifies as a “social bond.”. The $231 million securitization is composed primarily of non-qualified mortgages (non-QM) originated by affiliated mortgage lenders. The securitization, made up of 466 loans, has an average credit score of 740 and a loan-to-value ratio of 73%.
Valuation Review
MAY 17, 2021
Cherry Creek Mortgage announced that Reid Nelson has been promoted to vice president of software development, according to a company release. Read on for more details.
Appraisal Buzz
MAY 17, 2021
Nearly two-thirds of millennial homebuyers are reporting some regrets after the purchase of their new home. The post Homeownership Costs a ‘Rude Awakening’ for Some Buyers appeared first on theMReport.com. The post Homeownership Costs a ‘Rude Awakening’ for Some Buyers appeared first on Appraisal Buzz.
Valuation Review
MAY 17, 2021
SLK Global Solutions said achieved good results with Copasys, an enterprise-wide platform for quality control (QC) and regulatory compliance. Read on to find out more.
Appraisal Buzz
MAY 17, 2021
Black Knight Inc. has acquired eMBS Inc., a provider of performance data and analytics on agency-backed securities. Black Knight clients that license eMBS data will reduce the operational burden and eliminate the startup costs associated with participating in the mortgage-backed securities market. Clients can access either granular agency data or summarized database-ready information with pre-calculated prepayments and various market aggregations.
Mashvisor
MAY 17, 2021
Want to start investing in real estate? If you’re like most aspiring real estate investors, it can seem like a daunting and confusing endeavor.
Appraisal Buzz
MAY 17, 2021
Black Knight Inc. ’s latest Originations Market Monitor report, which looks at data through the end of April, shows that downward-trending interest rates did not entice higher numbers of borrowers to execute on closings. “Despite interest rates trending downward in April across all mortgage products, the decreases did not seem to be enough to bring borrowers – particularly refi borrowers – back to the table,” says Black Knight Secondary Marketing Technologies President Sc
Valuation Review
MAY 17, 2021
MortFlix announced the launch of its streaming media network dedicated to the housing industry. Read on to learn more.
Appraisal Buzz
MAY 17, 2021
Authors of a new report say April’s key housing market indicators signal “a potentially torrid market” as we enter the traditional peak sales season. The post Another Record-Setting Month for Housing appeared first on DSNews. The post Another Record-Setting Month for Housing appeared first on Appraisal Buzz.
Mortgagebroker News
MAY 17, 2021
Even savings accumulated during the pandemic have not helped when it comes to this source of anxiety
Appraisal Buzz
MAY 17, 2021
Dropping interest rates “did not seem to be enough to bring borrowers, particularly refi borrowers, back to the table,” analysts report. The post Mortgage Rate Lock Volume Declines appeared first on theMReport.com. The post Mortgage Rate Lock Volume Declines appeared first on Appraisal Buzz.
Mortgagebroker News
MAY 17, 2021
Two executives argue for more meaningful government interaction with the broker community
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