Housing Wire

OCTOBER 15, 2021

Homeownership platform provider SimpleNexus acquired LBA Ware , a software firm that offers incentive compensation management and business intelligence software for the mortgage industry, the companies announced Friday. The acquisition is a first for SimpleNexus and brings together 325 employees in 29 states from the two companies. SimpleNexus will now serve 425 distinct lender customers and dozens of mortgage technology integration partners, the company said in a release.

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Appraisal Buzz

OCTOBER 15, 2021

SimpleNexus , which offers a collaboration and file sharing platform for LOs, borrowers, real estate agents and settlement agents that aids in borrower engagement, loan origination and closing, is acquiring LBA Ware , developer of the CompenSafe LO compensation platform. Terms of the deal were not divulged. The acquisition adds operations tools and business intelligence to SimpleNexus’ extensive homeownership platform.

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Housing Wire

OCTOBER 15, 2021

One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. This is up from 30% during the same period a year prior and 2.2 points from a month earlier. The report is based on data from the four-week period ending Oct. 10. In addition, the number of homes that went under contract within two weeks of listing rose to 46% from 42% during the same period in 2020.

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Appraisal Buzz

OCTOBER 15, 2021

According to the National Reverse Mortgage Lenders Association (NRMLA), senior homeowners over the age of 62 saw their housing wealth grow by an average of 3.7% or $339 billion in the second quarter alone, bringing their market share to a record $9.57 trillion from Q1. According to study by the NRMLA using their RiskSpan Reverse Mortgage Market Index dataset, the increase in … The post Senior Home Wealth Increases 3.7% in Q2 appeared first on theMReport.com.

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Housing Wire

OCTOBER 15, 2021

The Federal Reserve in September signaled that it plans to begin unwinding, or tapering, its nearly $8 trillion portfolio of mortgage-backed securities (MBS) and Treasury holdings as early as November, assuming the economy stays on track as expected. On the MBS side, which now represents about $2.5 trillion in securities held , observers believe the Fed will move cautiously – the Fed is expected to slowly reduce the level of new asset purchases while continuing to replace assets that have mature

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Appraisal Buzz

OCTOBER 15, 2021

The number of homeowners in forbearance receded at a brisk clip last week as the first wave of final expirations continues. Black Knight reports the number of active plans dropped by about 10 percent during the week ended October 12 , a reduction of 143,000. This comes on the heels of a 177,000 drop the prior week. The declines were seen across all investor classes with the largest, 88,000, in the number of loans serviced.

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Appraisal Buzz

OCTOBER 15, 2021

In its latest forecast, the GSE predicts a short-term tightening of the Federal Reserve’s policies and an interest rate hike in late 2022. The post Where Fannie Mae Thinks the Market Is Headed appeared first on DSNews. The post Where Fannie Mae Thinks the Market Is Headed appeared first on Appraisal Buzz.

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Housing Wire

OCTOBER 15, 2021

For this week’s HW+ member spotlight, we feature Tim Anderson, president of the eMortgage Division at Evolve Mortgage Services. Anderson has over 35 years of industry experience having worked on both the lender and vendor side of the business, and in his current role, he is responsible for developing product and corporate strategy and strategic partner relationships that enhance and drive adoption of their digital mortgage platform and services.

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Appraisal Buzz

OCTOBER 15, 2021

For the third consecutive month, Fannie Mae’s Economic and Strategic Research Group lowered its gross domestic product growth forecast and increased its inflation forecast due to supply chain constraints and high fuel costs. “We revised downward our forecast for 2021 real GDP growth from 5.4% to 4.9% on a fourth quarter-over-fourth quarter (Q4/Q4) basis, while the outlook for 2022 was adjusted downward to … The post Supply Chain, Fuel Prices Weigh On Economy appeared first on theMReport.c

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Eyes on Housing

OCTOBER 15, 2021

Over the first eight months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 775,772. On a year-over-year (YoY) basis, this is a 25.8% increase over the August 2020 level of 616,856. Year-to-date ending in August, single-family permits increased in all four regions. The Northeast region reported the strongest increase of 29.3%, followed by the South.

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Appraisal Buzz

OCTOBER 15, 2021

Following the nation’s largest wave of delinquent loans since the COVID-19 mortgage crisis, Jay Nair of Infosys examines the industry’s legacy practices and processes as they are being reimagined. The post How U.S. Mortgage Providers Can Innovate to Address New Demand appeared first on theMReport.com. The post How U.S. Mortgage Providers Can Innovate to Address New Demand appeared first on Appraisal Buzz.

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Urban

OCTOBER 15, 2021

Reducing barriers to home equity lending can ensure all owners have the opportunity to access the wealth stored in their homes.

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Appraisal Buzz

OCTOBER 15, 2021

As the market expected, the number of active forbearance cases significantly decreased for the second week in a row as the first wave of final plan expirations continues. According to Black Knight’s McDash Flash daily forebarance tracking dataset, active plans fell by another 10%, for an overall reduction of 143,000 since last Tuesday—on top of last week’s 177,000 (-11%) drop.

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The Robert Weiler Company

OCTOBER 15, 2021

Are you a newcomer to buying commercial property for sale in Columbus, Ohio? Welcome to our thriving community! Not only is our neighborhood home to some of the largest U.S. retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. As such, there is no better time than now to seek out commercial real estate in Columbus, Ohio.

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Appraisal Buzz

OCTOBER 15, 2021

Subject matter experts who attended this year’s Five Star Conference share their experiences and break down the trends and challenges they are facing as we approach 2022. The post Voices of the Five Star Conference appeared first on DSNews. The post Voices of the Five Star Conference appeared first on Appraisal Buzz.

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BiggerPockets

OCTOBER 15, 2021

This is an excerpt from Short-Term Rental, Long-Term Wealth by Avery Carl. Order the book today! As investors, we have been indoctrinated to believe that if a property has hit […].

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Appraisal Buzz

OCTOBER 15, 2021

Global supply constraints continue to cap economic output amid growing inflationary and consumer-spending concerns, according to the October 2021 commentary from Fannie Mae ’s Economic and Strategic Research (ESR) Group. For the third consecutive month, the ESR Group revised downward its full-year 2021 real gross domestic product (GDP) growth projections from 5.4% to 4.9% due to its more pessimistic view of the speed at which current supply chain disruptions will resolve, as well as its.

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BiggerPockets

OCTOBER 15, 2021

This is an excerpt from the book Raising Private Capital by Matt Faircloth. Order today! Would you put your life into the hands of a pilot on his first day […].

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Appraisal Buzz

OCTOBER 15, 2021

A Senate Committee will examine a panel of experts on the repercussions of the rise in private equity money in the housing market from Wall Street firms. The post The Week Ahead: The Impact of Private Equity Landlords on the Housing Market appeared first on DSNews. The post The Week Ahead: The Impact of Private Equity Landlords on the Housing Market appeared first on Appraisal Buzz.

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McKissock

OCTOBER 15, 2021

The official 2022-2023 Online Update Course for Uniform Standards of Professional Appraisal Practice (USPAP), now available online , comes with a first-of-its-kind reference manual designed to help you quickly find answers to your USPAP-related questions. Organized around the appraisal process, topics can be found sequentially based on when they arise during the appraiser’s work on an appraisal.

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Appraisal Buzz

OCTOBER 15, 2021

First American Docutech says lenders using its Solex eClosing solution can now provide their customers the convenience and speed of digitally notarizing closing documents from anywhere through a direct integration with Notarize , a remote online notarization (RON) provider. RON adoption is rapidly accelerating, with Notarize reporting real estate volume growth of 800% since 2019.

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Mortgagebroker News

OCTOBER 15, 2021

A prominent industry executive believes the sector isn’t set to fade anytime soon

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Appraisal Buzz

OCTOBER 15, 2021

The official 2022-2023 Online Update Course for Uniform Standards of Professional Appraisal Practice (USPAP), now available online , comes with a first-of-its-kind reference manual designed to help you quickly find answers to your USPAP-related questions. Organized around the appraisal process, topics can be found sequentially based on when they arise during the appraiser’s work on an appraisal.

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Appraisal Appraisal Process Design 195

Mortgagebroker News

OCTOBER 15, 2021

The upward trend in renovation loan applications is likely to last for the remainder of 2021

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Renovations 58

Appraisal Buzz

OCTOBER 15, 2021

An upcoming virtual event from the Harvard Joint Center for Housing Studies will explore various approaches by state and local governments to attain the goal of greater housing equity across communities. The post The Week Ahead: Examining the Barriers to Housing Equity appeared first on theMReport.com. The post The Week Ahead: Examining the Barriers to Housing Equity appeared first on Appraisal Buzz.

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San Jose Real Estate

OCTOBER 15, 2021

Halloween events in the San Jose area.

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Appraisal Buzz

OCTOBER 15, 2021

Redfin reports that while the average rent payment was up 11% in September, mortgage payments for new homebuyers kept pace, rising 15%. The post Mortgage Payments Outpace Rents for Eighth Consecutive Month appeared first on DSNews. The post Mortgage Payments Outpace Rents for Eighth Consecutive Month appeared first on Appraisal Buzz.

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Mortgagebroker News

OCTOBER 15, 2021

The securities will be backed by a portfolio of near-prime uninsured residential mortgages originated by Home Trust

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Appraisal Buzz

OCTOBER 15, 2021

For the third consecutive month, Fannie Mae’s Economic and Strategic Research Group lowered its gross domestic product growth forecast and increased its inflation forecast due to supply chain constraints and high fuel costs. “We revised downward our forecast for 2021 real GDP growth from 5.4% to 4.9% on a fourth quarter-over-fourth quarter (Q4/Q4) basis, while the outlook for 2022 was adjusted downward to … The post Gross Domestic Product Outlook Decreased From 5.4% to 4.9% appeared first

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Mortgagebroker News

OCTOBER 15, 2021

Inflation has consistently exceeded the central bank’s target rate since April

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Appraisal Buzz

OCTOBER 15, 2021

Three Florida metros saw a 36% gain in rent prices, as more continue to escape expensive northeast metros in favor of southern markets. The post Sunshine State Migration Forces Rise in Home and Rental Rates appeared first on theMReport.com. The post Sunshine State Migration Forces Rise in Home and Rental Rates appeared first on Appraisal Buzz.

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AmeriMac

OCTOBER 15, 2021

During a traditional home appraisal , a trained, certified professional will enter a house and conduct a thorough examination of both the interior and exterior. They’ll use everything they learn – coupled with additional information about the local housing market and other factors – to determine a fair market value for the property.

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Mortgagebroker News

OCTOBER 15, 2021

The platform is aimed at aiding would-be homebuyers in Canada

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Berkshire Hathaway

OCTOBER 15, 2021

Don’t forget to get ready for packing with some preparation! . Before you begin packing it’s important to do a little prep to help with the packing process, consider doing these steps before the packing starts: 1. Shop around for movers. You want to make sure you get the best price for the best quality. 2. Declutter and downsize . Unwanted or unneeded will making packing unnecessarily difficult so start there and slim your items so you can pack less. 3.

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Investing 28