Housing Wire
OCTOBER 7, 2021
The average 30-year-fixed mortgage rate slipped back down to 2.99% for the week ending Oct. 7, according to Freddie Mac ’s latest PMMS survey. The week before , rates had made it above the 3% mark for the first time since June. Sam Khater, Freddie Mac’s chief economist, said in a statement that rates remain close to 3% as a result of continued unknowns in the financial markets, as the pandemic lingers on.
Appraisal Buzz
OCTOBER 7, 2021
Kris Barros has joined Waterstone Mortgage as vice president, compliance. Barros has more than 20 years of experience in the mortgage lending and finance industries. He has held several senior-level compliance, regulatory and audit, and marketing positions throughout his career. Most recently, he served as the marketing compliance manager for Guaranteed Rate in Chicago.
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Housing Wire
OCTOBER 7, 2021
It is no surprise that four Californian metropolitan areas led the way in unaffordability in September. Interestingly, San Diego actually surpassed Los Angeles in unaffordability, according to a new report from OJO Labs. The report is based on data collected from every metro area in which more than 1,000 homes were sold in September. San Diego’s median home sold price rose to $750,000 in September, marking a 2.4% increase from August and a 20% year-over-year increase.
Appraisal Buzz
OCTOBER 7, 2021
With 34 years of industry experience, Interfirst’s new VP of Regional Wholesale Production will be tasked with growing the firm’s national footprint. The post Interfirst Adds Tony Santangelo as East Coast VP of Wholesale appeared first on theMReport.com. The post Interfirst Adds Tony Santangelo as East Coast VP of Wholesale appeared first on Appraisal Buzz.
Housing Wire
OCTOBER 7, 2021
FHFA Acting Director Sandra Thompson. Editor’s note: This piece was originally featured in the Oct/Nov magazine and has been updated to reflect the latest changes and announcements at the FHFA. Nearly five years after the global financial crisis, lenders and the government-sponsored entities were still negotiating who would bear responsibility for defaulted loans.
Appraisal Buzz
OCTOBER 7, 2021
While rates continue to hover at record lows, a rise in economic and financial market uncertainties, competition remains high for tight inventory as affordability issues linger. The post Mortgage Rates Dip Slightly Below the 3% Mark appeared first on theMReport.com. The post Mortgage Rates Dip Slightly Below the 3% Mark appeared first on Appraisal Buzz.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
OCTOBER 7, 2021
The pandemic turned housing markets on their end in 2020, but while housing prices continue to increase amid ultra-low interest rates and low inventory, second houses continue to remain a hot commodity. According to a report from Pacaso, a real estate platform that helps people buy second homes, 49 of the top 50 vacation home markets saw double digit growth last season.
Housing Wire
OCTOBER 7, 2021
The investment bank Keefe, Bruyette & Woods (KBW) , a subsidiary of Stifel Financial Corp., has bolstered its fintech and financial services group with the hire of three veterans from investment bank Berkery, Noyes & Co. John Guzzo and Jason White will be managing directors at KBW, with a focus on mortgage technology companies and related sectors.
Appraisal Buzz
OCTOBER 7, 2021
“We are confident in [Craig’s] vision and leadership and believe he brings the right skill set and experience to build upon the success MCS has achieved thus far,” said MCS Board of Directors Chairwoman Caroline Reaves. The post Mortgage Contracting Services Announces Craig Torrance for CEO Role appeared first on DSNews. The post Mortgage Contracting Services Announces Craig Torrance for CEO Role appeared first on Appraisal Buzz.
Appraiserblogs
OCTOBER 7, 2021
…any suspicion of a discriminatory appraisal by the holder of a real estate appraiser license… Folks in the Golden State, here’s something you’d better keep a very keen eyeball on: Appraiser Discrimination – AB 948 (Holden) Signed by Gov. Newsom This law requires a purchase agreement in a real estate transaction to inform a seller and buyer of the opportunity to report, through the Department of Consumer Affairs’ internet website or telephone number, any suspicion of a di
Appraisal Buzz
OCTOBER 7, 2021
A wide disparity exists between homebuyers and homesellers according to September’s Home Purchase Sentiment Index (HPSI) with the overall index decreasing by 1.2 points to 74.5 points. Year-over-year the index is down by 6.5 points. The research by Fannie Mae showed that three components of the index’s six total components decreased month-over-month which now show that only 28% of respondents believe that now is a good … The post Home Purchase Sentiment Remains Low appeared first on
Hank Miller Team
OCTOBER 7, 2021
The idea that a company or investment firm will provide a cash offer for your home is instinctively positive, what’s not to like? To be clear, this is called a “direct sale” as the home isn’t offered for sale in traditional ways. Usually a buyer contacts a seller directly (often initiated by the seller) with an offer and terms of sale. Executed correctly, an off market or direct sale cash transaction can be completed very quickly; about as long as it takes to clear title and get the closing docs
Appraisal Buzz
OCTOBER 7, 2021
A wide disparity exists between homebuyers and homesellers according to September’s Home Purchase Sentiment Index (HPSI) with the overall index decreasing by 1.2 points to 74.5 points. Year-over-year the index is down by 6.5 points. The research by Fannie Mae showed that three components of the index’s six total components decreased month-over-month which now show that only 28% of respondents believe that now is a good … The post Survey: Now Is A Great Time To Sell, Not Buy appeared
BiggerPockets
OCTOBER 7, 2021
Increasingly, Americans are viewing climate change as a serious issue. A poll taken earlier this year by Morning Consult found that 50% of Americans say climate change is a “critical […].
Appraisal Buzz
OCTOBER 7, 2021
Freddie Mac ’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 2.99%. “Mortgage rates continue to hover at around three percent again this week due to rising economic and financial market uncertainties,” says Sam Khater, Freddie Mac’s chief economist. “Unfortunately, with the expectation that both mortgage rates and home prices will continue to rise, competition remains high and housing affordability is declining.”.
BiggerPockets
OCTOBER 7, 2021
Over at BiggerPockets, we all have much love and respect for our trusted video editor, Joel Esparza. He brings phenomenal work quality, timing, and communication to every project he’s on, […].
Appraisal Buzz
OCTOBER 7, 2021
The Fannie Mae ’s Home Purchase Sentiment Index (HPSI) decreased 1.2 points to 74.5 in September, as survey respondents continued to report divergent opinions of homebuying and home-selling conditions. Overall, three of the index’s six components decreased month over month. Most notably, an even greater share of consumers reported that it’s a bad time to buy a home – with that number now sitting at 66%, up from 63% last month and significantly higher than.
Mortgagebroker News
OCTOBER 7, 2021
What do mortgage professionals need to know about the increasing prominence of cybercriminals in Canada?
Appraisal Buzz
OCTOBER 7, 2021
In a measure to support affordable homeownership goals, the GSE plans to offer at least $3 billion in affordable housing bonds by end of 2022. The post Freddie Mac Addresses Underserved Markets With New $3 Billion Bond Initiative appeared first on theMReport.com. The post Freddie Mac Addresses Underserved Markets With New $3 Billion Bond Initiative appeared first on Appraisal Buzz.
Mortgagebroker News
OCTOBER 7, 2021
An industry president says the value of brokers lies in imparting frank advice in the current climate
Appraisal Buzz
OCTOBER 7, 2021
Through a new $3 billion bond initiative, Freddie Mac seeks to create more opportunities for families to access quality housing. The post GSE Enacts Bond Program to Support Affordable Housing appeared first on DSNews. The post GSE Enacts Bond Program to Support Affordable Housing appeared first on Appraisal Buzz.
Mortgagebroker News
OCTOBER 7, 2021
The dedicated commercial mortgage strategy will focus on long-term capital preservation, the firm says
Eyes on Housing
OCTOBER 7, 2021
Of the roughly 990,000 single-family homes started in 2020, only 19.3 percent included decks, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD). This marks the third year in a row the share of new homes with decks has declined, and the first time the share.
Mortgagebroker News
OCTOBER 7, 2021
Expectations are for sustained housing and mortgage market activity for the rest of the year
Mortgagebroker News
OCTOBER 7, 2021
This trend is especially prevalent in one province, statistics agency says
Mortgagebroker News
OCTOBER 7, 2021
The rate of missed payments considerably exceeds the national average
Mortgagebroker News
OCTOBER 7, 2021
The real estate tech firm will be the exclusive provider for platform
Mortgagebroker News
OCTOBER 7, 2021
Find out how one company is getting ahead with alternative lending
Mortgagebroker News
OCTOBER 7, 2021
The previous holder of the position leaves the institution after a 25-year career
Mortgagebroker News
OCTOBER 7, 2021
Upcoming event combines education, fun - and cash prizes
Mortgagebroker News
OCTOBER 7, 2021
Platform to feature the latest luxury developments in Toronto
Mortgagebroker News
OCTOBER 7, 2021
Prices remain under pressure, although single-family prices are starting to level off
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