Housing Wire
JUNE 10, 2021
It’s no secret that buying a home takes time and money. Well, it turns out, so does selling a home. According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis , the average homeowner spends over $15,000 in “hidden costs” to sell their home. . While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one.
Appraisal Buzz
JUNE 10, 2021
Clario becomes the first and only appraisal firm to participate in the program paving the way for the industry. RENO, Nev. — Clario Appraisal Network, Inc., a full-service residential real estate appraisal firm and sister company of real estate valuation and analytics fintech leader Clear Capital , today announced a partnership with SkillBridge , a Department of Defense (DoD) program for Service members to gain valuable civilian work experience through specific industry training, apprentices
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Housing Wire
JUNE 10, 2021
For the first time in nearly a decade, the Federal Housing Finance Agency (FHFA) is taking a look at how its compensation measures up for executives at Fannie Mae and Freddie Mac. On Thursday, the regulator issued a request for input to determine if the current compensation is not “reasonable” or “comparable.” In a statement, FHFA Director Mark Calabria said the information the FHFA gathers will help to ensure transparent and appropriate executive compensation policies.
Appraisal Buzz
JUNE 10, 2021
Best Levels in Months After Much Higher CPI Data (No, Really!) If you’d told someone that core annual CPI would come in 0.4% higher than expected at a staggering 3.8%, but that Treasuries would rally to the best levels in over 3 months, people just might think you’re crazy. Crazy was the reality today. After a token sell-off in the 20 minutes following the CPI data, bond traders only had 2 buttons to push, and.
Housing Wire
JUNE 10, 2021
Fannie Mae has given mortgage servicers the green light to use third-party digital vendors to verify income and asset information. Unsurprisingly, mortgage tech firms are thrilled. In a June 9 note , the government-sponsored entity told mortgage servicers they could implement the changes immediately. Servicers can use a third-party vendor to verify the information that the borrower provided in their mortgage assistance application.
Appraisal Buzz
JUNE 10, 2021
After experiencing strength in distributed retail originations, national lender adds 20-plus-year veteran to its team to lead its Distributed Retail Sales Division. The post Planet Home Lending Adds Caleb Mittelstet to Grow Retail Channels appeared first on theMReport.com. The post Planet Home Lending Adds Caleb Mittelstet to Grow Retail Channels appeared first on Appraisal Buzz.
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Cleveland Appraisal Blog
JUNE 10, 2021
Have you ever noticed that sometimes you will get a rogue onion ring in your order of fries at Burger King? Is it that one onion ring just decides to hitch a ride in the scooper? Or is something else afoot? Word on the street has it that Burger King does this on purposes. I have read this from various sources including the article “One Onion Ring Ends Up In Every Burger King Order of Fries” , from the SouthFloridaReporter.com.
Housing Wire
JUNE 10, 2021
Mortgage credit availability increased by 1.4% in May – a sign that volume-hungry lenders continued to loosen credit standards in a highly competitive market, according to Thursday data from the Mortgage Bankers Association. MBA’s Mortgage Credit Availability Index (MCAI) which uses 100 as a benchmark — increased to 129.9 in May. A decline in the MCAI suggests that lending standards are tightening while a higher number suggests loosening credit standards.
Appraisal Buzz
JUNE 10, 2021
Former State Bank vice president Georgia Capalbo has joined LBA Ware , a provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, as client success product liaison. Capalbo has 11 years of administrative commercial banking experience, including nine years as a State Bank vice president until the company’s 2018 merger with Cadence Bank.
Housing Wire
JUNE 10, 2021
Flyhomes , the five-year-old real estate startup that lets people make cash offers on homes while they work to secure a mortgage, announced a Series C round of funding on Thursday totaling $150 million. The company’s latest round was co-led by venture capital firms Norwest Venture Partners — an active investor of industry players homeward , CoreLogic and Opendoor — and Battery Ventures.
Appraisal Buzz
JUNE 10, 2021
On DS5: Inside the Industry, Michael Ruiz, Director, Supplier Diversity for Fannie Mae discusses a lesser-known area of D&I in the mortgage industry—”the peculiar world of supply chain diversity.” The post The Importance of Supply Chain Diversity in Mortgage appeared first on DSNews. The post The Importance of Supply Chain Diversity in Mortgage appeared first on Appraisal Buzz.
Housing Wire
JUNE 10, 2021
REX grabbed national attention in March when the residential real estate brokerage filed a lawsuit alleging an antitrust conspiracy between listings giant Zillow and the powerful National Association of Realtors. But a judge’s ruling Wednesday forcefully concluded there’s little merit to REX’s allegations, and denied the brokerage’s motion to stop how Zillow is currently listing properties.
Appraisal Buzz
JUNE 10, 2021
Double-digit home price growth has driven down negative equity, as a new report has found that just 2.6% of all mortgaged properties are underwater nationwide. The post Number of Homes Underwater Declines 24% YoY in Q1 appeared first on DSNews. The post Number of Homes Underwater Declines 24% YoY in Q1 appeared first on Appraisal Buzz.
Housing Wire
JUNE 10, 2021
There are a number of challenges affecting the non-QM market, but there are also opportunities. By partnering with a mortgage company that understands how to streamline non-Qm loans, brokers can close loans quickly and effectively. HousingWire recently sat down with John Jeanmonod, Regional Vice President of Sales at Angel Oak , about the company’s non-QM solutions which make the mortgage process easier for brokers.
Appraisal Buzz
JUNE 10, 2021
Despite the pandemic of the past year, U.S. homeowners found a bright spot in the rise of their home equity, with home prices showing gains of more than $30,000 per borrower. The post Q1 Homeowner Equity Gains Hit $1.9 Trillion appeared first on theMReport.com. The post Q1 Homeowner Equity Gains Hit $1.9 Trillion appeared first on Appraisal Buzz.
Housing Wire
JUNE 10, 2021
Keosha Burns is a seasoned marketing executive who has recently taken on a new role at JPMorgan Chase: executive director, senior advisor, community and affordable lending. That combined expertise is why we invited her to speak at engage.marketing on the panel: Marketing to Reach a Diverse Audience. In her current role, which she assumed in March, Burns is working to expand homeownership in underserved communities.
Appraisal Buzz
JUNE 10, 2021
Realtor.com this week announced a new partnership with the LGBTQ+ Real Estate Alliance. The Alliance was founded June 2020 and has chapters throughout the U.S., Canada, and Puerto Rico. The collaboration will allow the groups to identify training opportunities that cultivate LGBTQ+ leaders and mobilize members in support of mutually beneficial federal policies, among other … The post LGBTQ+ Discrimination Remains a Problem in Housing appeared first on DSNews.
Housing Wire
JUNE 10, 2021
Whether moving to be near family or relocating for a job, moving is common. Take the pandemic, for instance. The housing market saw a huge spike in the number of moves as people relocated from big cities to avoid COVID-19. According to data obtained by USPS, almost 16 million people moved during the pandemic. And even though life is getting back to normal, people are still moving.
Appraisal Buzz
JUNE 10, 2021
With the U.S. economy on the rise, mortgage rates slipped further below the 3% mark, but high prices and short supply continue to force down application volume. The post Mortgage Rates Fall Again appeared first on theMReport.com. The post Mortgage Rates Fall Again appeared first on Appraisal Buzz.
Eyes on Housing
JUNE 10, 2021
Consumer prices continued to rise in May, supported by increases in housing costs. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.6% in May on a seasonally adjusted basis, following an increase of 0.8% in April. It marks the largest increase since June 2009. Excluding the volatile food and energy components, “core” CPI.
Appraisal Buzz
JUNE 10, 2021
Sadie Gurley recently joined digital mortgage platform Maxwell as vice president. Gurley has more than 25 years of mortgage industry experience, specifically in due diligence and quality control services. Gurley was previously with Digital Risk, where she headed up diligence services. She also previously served as vice president of mortgage bond trading at Goldman Sachs for over 10 years.
GoForrmz
JUNE 10, 2021
Electronic Signature fields significantly streamline the collection of authorizations for critical tasks like lien waivers, JSA, budget modifications, and more Collecting Signatures may sound like a simple task, but with teams separated across job sites, back offices, and client locations, it can be extraordinarily difficult to complete authorizations.
Appraisal Buzz
JUNE 10, 2021
Here’s how to leverage technology for a painless appraisal management process. The post Do You Have the Right Stuff? appeared first on theMReport.com. The post Do You Have the Right Stuff? appeared first on Appraisal Buzz.
BiggerPockets
JUNE 10, 2021
Even with all the help in the world, things may not work out, and you have to know what’s best for you. Flips are commitments that last at least a couple of years. Here's what to know before buying.
Appraisal Buzz
JUNE 10, 2021
A new survey finds mortgage lenders a bit more wary in their profit margin outlook, as purchase demand remains strong despite a reduction in refis. The post Mortgage Lenders Remain Cautious on Profit Margins appeared first on theMReport.com. The post Mortgage Lenders Remain Cautious on Profit Margins appeared first on Appraisal Buzz.
Mashvisor
JUNE 10, 2021
Top 5 Rental Properties This Week: May 30th-June 5th, 2021 In the nineteenth episode of the Mashvisor Real Estate Podcast: Top 5 Rental Properties This Week Mike Richardson, the…
Lamacchia Realty
JUNE 10, 2021
THE LOCAL SUMMER PLANS. YOU'VE BEEN LOOKING FOR. We happen to believe that we live in the best little corner of the world. We work here, live here, and help other people find their homes here! The four seasons are often celebrated, but Summer is a special part of the year when us New Englanders get to go out and play. Here’s a list of some great activities for the whole family, whether you want to get away for a weekend or need some rainy-day options.
Quicken Loans
JUNE 10, 2021
So, you’ve decided you’d like to buy a home. Maybe you’ve tried contacting a real estate agent, who probably told you to call back after you’ve been “preapproved.” Immediately, the question arises: How do you start the process of getting a mortgage loan? If you’re buying for the first time , the mortgage loan process can be confusing and unfamiliar.
San Jose Real Estate
JUNE 10, 2021
How is the San Jose sale price to list price ratio now? Is the Silicon Valley real estate market falling into seasonal patterns which may be somewhat predictable?
Quicken Loans
JUNE 10, 2021
There’s a lot of vocabulary in the mortgage process, and it’s important to know your terminology. For example, construction of the Batcave was probably too expensive for Bruce Wayne to get a conforming loan – not that the multi-billionaire founder of Wayne Enterprises needs one, but we digress. If you’re looking to buy or refinance a home, it’s important to understand some of this mortgage lingo.
BiggerPockets
JUNE 10, 2021
One of the best things about passive investing is that you are not the one doing the day-to-day work. You find a great deal, trust a worthy operations team, and then you receive monthly or quarterly checks. Sounds pretty great—but there's a flip side.
Mashvisor
JUNE 10, 2021
How do you find the best cities to invest in real estate in 2021? And is real estate investing still a profitable strategy?
Mortgagebroker News
JUNE 10, 2021
Surprisingly, the largest gains will not be in the largest or hottest markets
Mashvisor
JUNE 10, 2021
How do you find the best cities to invest in real estate in 2021? And is real estate investing still a profitable strategy?
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