Housing Wire
AUGUST 20, 2021
Have you ever considered the median age of homeowners in your area? According to a study conducted by LendingTree, homeowners gravitate towards specific parts of the country depending on their age. Millennial buyers, for instance, are more prominent in Colorado while older buyers are more likely to put down roots in Ohio. . These are the places with the oldest average homeowners: 1.
Cleveland Appraisal Blog
AUGUST 20, 2021
If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. I’ve written about this topic in the past. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .
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Housing Wire
AUGUST 20, 2021
Low-fee, team brokerage and alternative models lead the 2021 Inc. 5000 rankings, mirroring the 2021 RealTrends 500 rankings. Some 69 fast growing real estate brokerage firms, teams and alternative models made the list. Top Verticals. Growth. Mortgage. Tech & Solutions. Title. At the top of the real estate/alternative model category, at No. 56, was Big Block Realty , which ranked No. 160 by sides and No. 91 by volume in the RealTrends 500 (RT500).
Appraisal Buzz
AUGUST 20, 2021
Oaktree Funding, a wholesale mortgage lender, is now a participating lender in Calyx Point , the loan origination system from Calyx. Oaktree Funding offers a wide range of mortgage products, including competitive non-QM and non-agency programs: for example, low-document bank statement and investor loans with limits as high as $4 million. “As the refinance market contracts, brokers will need new products, like non-QM, to replace the volume,” says Kristopher Martin, co-CEO at Oaktree, in a.
Housing Wire
AUGUST 20, 2021
The mortgage market had a stunning year in 2020, with closed-end originations increasing by 65.2% from the year prior, a Home Mortgage Disclosure Act (HMDA) report published by the Consumer Financial Protection Bureau this week disclosed. But some of the industry’s same problems remained in 2020. According to the report, comprised of data provided by 4,472 financial institutions, the increase was predominantly driven by the refi wave , with originations jumping from 8.3 million in 2019 to
Appraisal Buzz
AUGUST 20, 2021
Brian Paine has joined Knowledge Coop , which offers compliance training to the mortgage industry, as director of technology. Paine comes to Knowledge Coop after spending nearly four years at PayPal as both a security architect and infrastructure architect. Paine has also served in integral technology roles at Entisys360, Western Precooling, Live Nation, Charles Schwab and Nordstrom.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
AUGUST 20, 2021
Advantage Systems , a provider of accounting and financial management tools for the mortgage industry, has updated its ApprovalSoft solution with a new invoice splitting feature as well as general updates to the system, improving its speed, documentation and automation capabilities. In the company’s latest string of software upgrades, the principal update includes its invoice splitting function.The newest feature allows the user to easily create separate “approvables” for each invoice within an
Housing Wire
AUGUST 20, 2021
Over 70 mortgage lenders and brokers made the cut on Inc. Magazine’s list of the 5,000 fastest growing companies in America for 2021. To grace the list, a business, which must be privately held and based in the U.S., had to have generated revenue by March 31, 2017, making at least $100,00 that year. Additionally, a business had to meet a minimum revenue threshold of $2 million in 2020.
Appraisal Buzz
AUGUST 20, 2021
An analysis of HMDA data by the CFPB has found that closed-end originations increased in 2020 by 65.2%, with much of that spike due attributed to the refinance boom. The post Refis Propel Surge in Originations in 2020 appeared first on theMReport.com. The post Refis Propel Surge in Originations in 2020 appeared first on Appraisal Buzz.
Housing Wire
AUGUST 20, 2021
Buoyed by the volume of mortgage originations in 2020, 12 title companies made the Inc. 5000 list this year. Like all the companies on the list, those in title dealt with the special challenges of pandemic conditions and found a way to grow despite those. Priority Title & Escrow — a 15-year-old company — outranked them all, notching 617% growth to land No. 793 on the list.
Appraisal Buzz
AUGUST 20, 2021
An examination of existing-home sales by NAR will gauge the nation’s housing inventory, as high prices are forcing more to re-consider their purchase decision. The post The Week Ahead: Relief in Store for Housing Supply? appeared first on theMReport.com. The post The Week Ahead: Relief in Store for Housing Supply? appeared first on Appraisal Buzz.
Housing Wire
AUGUST 20, 2021
Raymond “RJ” Jones, head of Keller Offers and Keller Manage. It can no longer be said that iBuying is merely the domain of venture capital-backed startups or buzzy listings platforms. It’s gone relatively mainstream. In just the past few weeks, nonbank mortgage lenders Rocket Companies and Better.com have revealed plans to instantly buy homes from their customers and also pair their services with in-house real estate agents.
Cleveland Appraisal Blog
AUGUST 20, 2021
If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. I’ve written about this topic in the past. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .
Appraisal Buzz
AUGUST 20, 2021
Fannie Mae’s economists provided a mixed forecast this month. The baseline view of the company’s Economic and Strategic Research (ESR) group is for the recent virus surge to drag modestly on consumers’ services consumption in the near term and modestly worsen supply chain disruptions abroad, but they don’t think it will prevent solid growth in the current quarter.
JMV Lending
AUGUST 20, 2021
“I just bought the property for $800,000 but it is worth $1,000,000 now, and I would like to refi using the higher appraised value…” We get emails like the above all the time, and sometimes we can garner the higher appraised value. But often we can’t. This is why. APPRAISERS CORRELATE TO PURCHASE PRICE This […]. The post Why Appraised Values Have To “Season” After A Purchase appeared first on JVM Lending.
Appraisal Buzz
AUGUST 20, 2021
Freddie Mac ’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 2.86% with an average 0.7 point for the week ending August 19, 2021, down slightly from last week when it averaged 2.87%. A year ago at this time, the 30-year FRM averaged 2.99%. “Mortgage rates stayed relatively flat this week,” says Sam Khater, Freddie Mac’s chief economist.
BiggerPockets
AUGUST 20, 2021
Last episode, we had Brian T Bradley, Esq on to talk about all things related to wealth and asset protection. Now, he’s back to answer questions from the BiggerPockets Real […].
Appraisal Buzz
AUGUST 20, 2021
While the housing market will not return to a fully typical state anytime soon,” it is “starting to trend in that direction,” economists say. The post Price Drops Indicate Increasing Buyer/Seller Balance appeared first on theMReport.com. The post Price Drops Indicate Increasing Buyer/Seller Balance appeared first on Appraisal Buzz.
Lamacchia Realty
AUGUST 20, 2021
HOW TO BE COMPETITIVE AGAINST ALL-CASH OFFERS. One of the more frustrating things to encounter when getting ready to make an offer on a home is coming up against someone that is paying all-cash. You may think you’re instantly out of luck, but that is not the case! It may seem like an uphill battle to compete against an all-cash buyer but that doesn’t mean you should give up.
Appraisal Buzz
AUGUST 20, 2021
The American Mortgage Diversity Council (AMDC) will host the final installment in its webinar series, focusing on how companies are meeting their D&I objectives through Employee Resource Groups. The post The Week Ahead: Fostering a More Inclusive Workplace appeared first on DSNews. The post The Week Ahead: Fostering a More Inclusive Workplace appeared first on Appraisal Buzz.
San Jose Real Estate
AUGUST 20, 2021
If you are renting or leasing your home, you’re paying someone else’s mortgage. If you can, stop renting and start owning so that you are building toward your own future. Much earlier in my career, I sold a house in Los Gatos where there had been tenants for 30 years. When the owner decided to […].
Appraisal Buzz
AUGUST 20, 2021
The nonpayment rate inches toward pre-pandemic levels, while forborne portfolio and PLS loans drive a mid-month increase in debt deferred. The post Delinquencies Dip, Forbearance Rate Rises appeared first on DSNews. The post Delinquencies Dip, Forbearance Rate Rises appeared first on Appraisal Buzz.
Lamacchia Realty
AUGUST 20, 2021
Lamacchia Realty is so excited to share that Darlene Umina has qualified for President’s Club for the 5 th year in a row! Previously, Darlene has qualified each year since its inception, qualifying in 2017 , 2018 , 2019 , and 2020 as well. In 2018, Darlene began to form her group with her team member Nicole Siswick, and later Alison Fiorenzi joined her team as well.
Appraisal Buzz
AUGUST 20, 2021
Homebuying demand begins to ease up a bit, with 5% of home sellers dropping their price in recent weeks. Builder confidence sinks to a 13-month low. The FHFA proposes housing goals for the GSEs to boost minority homeownership. Appraisers are urged to pay attention to policy. Read on for more appraisal news and insights. 5% of home sellers dropped their price in recent weeks.
Mortgagebroker News
AUGUST 20, 2021
The federal government’s plan to welcome a record number of new Canadians in the next two years could have a big impact
Appraisal Buzz
AUGUST 20, 2021
As average monthly payments approach $2k, some members of the “rent forever” set might be rethinking homeownership, researchers report. The post Cost to Lease a Home Soars appeared first on theMReport.com. The post Cost to Lease a Home Soars appeared first on Appraisal Buzz.
Mashvisor
AUGUST 20, 2021
An electrical inspection is one of the most critical steps towards buying an investment property.
Appraisal Buzz
AUGUST 20, 2021
The delinquency rate for mortgage loans on one-to-four-unit residential properties has decreased to a seasonally adjusted rate of 5.47% of all loans outstanding at the end of the second quarter of 2021, according to the Mortgage Bankers Association ‘s (MBA) National Delinquency Survey. For the purposes of the survey, MBA asks servicers to report loans in forbearance as delinquent if the payment was not made based on the original terms of the mortgage.
Mortgagebroker News
AUGUST 20, 2021
The company files a preliminary base shelf prospectus for the sale of securities and shares
Appraisal Buzz
AUGUST 20, 2021
Real Estate Economists say the usual factors that slow down home sales each fall are happening, just very gradually. The post Housing Market Trending Toward ‘Typical’ appeared first on DSNews. The post Housing Market Trending Toward ‘Typical’ appeared first on Appraisal Buzz.
Mortgagebroker News
AUGUST 20, 2021
The funding will support the rapid development of low-cost housing
Miller Samuel
AUGUST 20, 2021
One of the problems with my normally preferred year-over-year comparisons with metrics to diffuse seasonal impact is that the year-ago period happened to be the pandemic lockdown. I went through the region using our market report series for Douglas Elliman , comparing the same period two years ago to capture the pre-COV ID market and prices. and sales are up with the exception of Manhattan and North Fork.
Mortgagebroker News
AUGUST 20, 2021
The fraudster claims to be part of a major broker network
Housing Wire
AUGUST 20, 2021
Congratulations to all of the entrepreneurs, founders and executives who have survived the onslaught of phone calls, emails and DMs from first-year private equity associates (yeah… we’re looking at you Summit Partners ….). But hey, growth equity firms and potential acquirers blowing up your cell phone is certainly not the worst thing in the world. The companies recognized in the 2021 Inc. 5000 list are nothing short of exceptional.
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