Wed.Aug 04, 2021

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30-year rate drops below 3% for first time since February

Housing Wire

Mortgage applications fell 1.7% in the week ending July 30, according to the latest report from the Mortgage Bankers Association. That’s despite the 30-year fixed rate falling to its lowest level in roughly six months. It’s an about-face from the prior week, in which applications increased 5.7% on the strength of descending mortgage rates.

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Mortgage Applications Pull Back; Rates Move up From Lows

Appraisal Buzz

Despite newly lower interest rates, mortgage applications were lower during the week ended July 30. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, was 1.7 percent lower on a seasonally adjusted basis than the previous week and was down 2 percent on an unadjusted basis. The Refinance Index was also lower, declining by 2 percent from the previous week and was 3 percent lower than the.

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Citi adds Liz Bryant to mortgage exec team

Housing Wire

Depository bank Citi continues to round out its mortgage executive team under the stewardship of Brad Wayman. Citi announced this week that it had appointed industry veteran Liz Bryant as the new head of retail mortgage sales for the U.S. Bryant comes to the St. Louis-headquartered lending operation following a long career at Wells Fargo , the top depository bank by mortgage origination volume in the U.S.

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Cherry Creek Mortgage Hires Lorie Helms as CTO

Appraisal Buzz

Lorie Helms has joined Cherry Creek Mortgage as chief technology officer. A 20-year mortgage technology veteran, Helms combines mortgage industry business experience with a background in IT management and operations. She has experience in mortgage loan origination, due diligence, servicing, and collateral management. Prior to joining Cherry Creek, Helms was chief information officer at Covius (formerly LenderLive), where she managed the firm’s IT infrastructure, proprietary software development,

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eXp CEO loves Glenn Stearns’ star power

Housing Wire

Glenn Stearns, founder and CEO at Kind Lending. Residential real estate brokerage eXp continues to be profitable, and company CEO Glenn Sanford became a fan of Glenn Stearns through reality television. Those were two takeaways from the company’s second quarter earnings call on Wednesday, in which Sanford and other company executives wrestled with how to diversify a company that has been a somewhat unlikely darling of Wall Street.

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The Future of Fannie Mae and Freddie Mac

Appraisal Buzz

[link]. In today’s Buzzcast, we dive into the future of the GSEs and their impact on the appraisal and valuation industry. Today we have Thomas Wade, Director of Financial Services and Housing Policy at The American Action Forum, with Joan Trice, Founder of Allterra Group, LLC. We’ll be getting the inside scoop on what’s happening now and what changes are coming that will impact us all.

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Expert Insights: Lisa Springer, CEO and Senior Partner, STRATMOR Group

Appraisal Buzz

MReport had a chance to chat with Lisa Springer of STRATMOR Group about the shift taking place as the mortgage market adapts in a post-pandemic world. The post Expert Insights: Lisa Springer, CEO and Senior Partner, STRATMOR Group appeared first on theMReport.com. The post Expert Insights: Lisa Springer, CEO and Senior Partner, STRATMOR Group appeared first on Appraisal Buzz.

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Highest Paid Occupations in Construction in 2020

Eyes on Housing

According to the 2020 Bureau of Labor Statistics Occupational Employment Statistics (OES) Survey data and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $50,460 and the top 25% make at least $71,000. In comparison, the U.S. median wage is $49,150, while the top quartile (top 25%) makes at least $67,410.

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The Exchange: Bill Dallas, President, Finance of America Mortgage

Appraisal Buzz

Bill Dallas, Head of Finance of America Mortgage, had a chance to chat with DS News regarding a number of industry topics, from underwriting procedures to modernizing the overall mortgage process. The post The Exchange: Bill Dallas, President, Finance of America Mortgage appeared first on DSNews. The post The Exchange: Bill Dallas, President, Finance of America Mortgage appeared first on Appraisal Buzz.

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5 Features to Add to Your Digital Food Safety Forms

GoForrmz

Leverage these powerful features to enhance your digital food safety forms and data capture Elevate your processes and enrich your data collection by adding these powerful features to your food safety Form Templates and workflows. Leveraging these features can introduce new opportunities for growth, while streamlining processes and achieving transformative work efficiencies.

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CDC Announces New Targeted Eviction Moratorium Order

Appraisal Buzz

New mandate extends eviction protections for those in areas experiencing high levels of COVID-19 cases. The post CDC Announces New Targeted Eviction Moratorium Order appeared first on DSNews. The post CDC Announces New Targeted Eviction Moratorium Order appeared first on Appraisal Buzz.

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NS3 Preview: Freedom Mortgage Corp.’s CEO addresses leading through change

Valuation Review

The annual National Settlement Services Summit (NS3) returns live in Naples, Fla. this year from Aug. 31 to Sept. 2, 2021. During the second day of the conference, Stan Middleman, founder and CEO of Freedom Mortgage Corp., will share insights on how to lead through the inevitable change coming to the real estate transaction. To learn about other sessions that day, read on.

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NYCB Finalizes Acquisition of Flagstar

Appraisal Buzz

The combined company will feature nearly 400 traditional branches in nine states, and 86 retail lending offices across 28 states. The post NYCB Finalizes Acquisition of Flagstar appeared first on theMReport.com. The post NYCB Finalizes Acquisition of Flagstar appeared first on Appraisal Buzz.

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The Secret Superpower of Principal Paydown—Is This Strategy Right for You?

BiggerPockets

Real estate investment, particularly buy-and-hold real estate investment, has a lot of advantages. Oddly, principal paydown (or equity buildup) is rarely considered amongst them. But it's another powerful mechanism to gain wealth with real estate.

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Black Knight Integrates Servicing Solution Within Technology Ecosystem

Appraisal Buzz

Black Knight Inc. is integrating its interactive, consumer-facing Servicing Digital web and mobile solution into the company’s other products. Servicing Digital is being included in its loss mitigation and automated valuation models as well as product, pricing and eligibility (PPE) solutions. The solution provides Black Knight servicing clients’ customers with timely, customized information about their mortgages and homes, as well as a wide variety of self-service capabilities.

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BiggerPockets Podcast 492: Robuilt’s Tiny Houses That are Cashing in MASSIVE Profits Every Month

BiggerPockets

Rob Abasolo, AKA Robuilt on Youtube, didn’t have a background in real estate, or construction, or hospitality, or really anything related to his current success. He did have drive, creative […].

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The Mortgage Collaborative Adds Snapdocs as Preferred Partner

Appraisal Buzz

Snapdocs has partnered with The Mortgage Collaborative (TMC) to join its Preferred Partner network. Snapdocs is the mortgage industry cooperative network’s newest preferred partner, specializing in eClosings, eVaults, eNotes and Remote Online Notarizations. As a preferred partner, Snapdocs is providing exclusive pricing and access to its digital closing platform for TMC members.

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The Best IRA Investment Options for Self-Directed IRAs

BiggerPockets

Have you have been stressed about finding good strategies for your retirement plan? Well, stress no longer. We've compiled several types of detailed self-directed IRAs in real estate you'll want to take advantage of.

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Purchase Apps Fall, Refi Apps Level Off

Appraisal Buzz

Even with rates still below the 3% mark, purchase applications slid week-over-week, as affordability issues continue to factor into homebuyers’ decision-making process. The post Purchase Apps Fall, Refi Apps Level Off appeared first on theMReport.com. The post Purchase Apps Fall, Refi Apps Level Off appeared first on Appraisal Buzz.

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Will the Growing Delta Variant Affect the Economy?

BiggerPockets

For the last couple of months, it has looked like we might be past the worst of the pandemic. In most of the country, mask mandates have been lifted, the […].

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CoreLogic and One Concern Partner on Disaster-Risk AI Offering

Appraisal Buzz

New collaboration addresses escalating climate threats through the use of artificial intelligence technologies. The post CoreLogic and One Concern Partner on Disaster-Risk AI Offering appeared first on DSNews. The post CoreLogic and One Concern Partner on Disaster-Risk AI Offering appeared first on Appraisal Buzz.

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Common Real Estate Myths Debunked!

Lamacchia Realty

Photo by stux–12364 There are many real estate myths out there, from commissions to renovations. We understand that buying or selling a home is a big decision and we want to help “debunk” these myths to help alleviate some stress. A home passes or fails inspection This isn’t like an exam in high school where you either pass or fail.

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Housing Payment Delinquencies Tail Off in Q2

Appraisal Buzz

A new study found that in the second quarter of 2021, less than five million U.S. households did not make their rent or mortgage payments, an improvement over Q1’s totals. The post Housing Payment Delinquencies Tail Off in Q2 appeared first on DSNews. The post Housing Payment Delinquencies Tail Off in Q2 appeared first on Appraisal Buzz.

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Paul J. Cervone Qualifies for 2021 President’s Club

Lamacchia Realty

Lamacchia Realty is excited to welcome Paul J. Cervone to the 2021 President’s Club! He has qualified for this amazing distinction by surpassing $16,000,000 in sales volume already in 2021! Year after year, Paul continues to meet this impressive milestone as he is a 2019 and 2020 President’s Club member as well as a 2020 President’s Club ELITE member.

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Mortgage Bankers Association’s Survey Shows Decrease in Applications

Appraisal Buzz

Mortgage applications have decreased 1.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 30, 2021. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.7% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 2% compared with the previous week.

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Great Expectations: Evaluating Cash Flow vs. Equity in 2021’s Wild Market

BiggerPockets

By switching your mindset from cash flow to equity, real estate investors can still find portfolio-boosting deals in this crazy housing market.

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Research Shows Lower Missed Housing Payments in Q2 2021

Appraisal Buzz

Slightly under 5 million households did not make their rent or mortgage payments in the second quarter of 2021, according to updated research from the Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA). Housing-Related Financial Distress During the Pandemic , RIHA’s study, found that 8.6% of renters (2.86 million households) missed, delayed or made a reduced payment in June 2021, while 4.6% homeowners (2.19 million) missed their mortgage payment.

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What’s impacting Manitoba’s mortgage market?

Mortgagebroker News

Winnipeg-based brokerage owner says the region is still witnessing strong activity

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Further Eviction Protections Announced by CDC

Appraisal Buzz

New moratorium will apply to areas with high concentrations of COVID cases, and last through October 3. The post Further Eviction Protections Announced by CDC appeared first on theMReport.com. The post Further Eviction Protections Announced by CDC appeared first on Appraisal Buzz.

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CHBA releases first ever construction industry sentiments survey

Mortgagebroker News

The release covers Canadian builders’ viewpoints during the first half of 2021

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Seasonal Decline in Sales Cools Housing Market

Appraisal Buzz

Median home-sale prices have increased to a record high 19% year-over-year in June, forcing more to hold back their purchases or opt for cheaper housing alternatives. The post Seasonal Decline in Sales Cools Housing Market appeared first on DSNews. The post Seasonal Decline in Sales Cools Housing Market appeared first on Appraisal Buzz.

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Canadians’ consumer confidence hits a roadblock

Mortgagebroker News

Consumers have become especially concerned about a post-stimulus environment

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Pending Home Sales Post 7% YoY Increase in June

Appraisal Buzz

The speed in which homes have been selling and competition have passed their record-high peaks, however most homes are still selling within two weeks and for more than list price. The post Pending Home Sales Post 7% YoY Increase in June appeared first on theMReport.com. The post Pending Home Sales Post 7% YoY Increase in June appeared first on Appraisal Buzz.

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Avison Young on the commercial market’s main driver in Q2 2021

Mortgagebroker News

A particular asset class remains among Canada’s most buoyant and desirable

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