Housing Wire

DECEMBER 1, 2021

A federal judge ordered Ronald McCord, the founder of Oklahoma City-based lender and servicer First Mortgage Company , who was also once the president of the Mortgage Bankers Association (MBA), to pay $51.8 million in restitution for mortgage fraud. United States District Judge Robin Cauthron ordered McCord also serve 8.5 years in prison — the maximum the federal government said it would seek — as well as three years of supervised release.

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Sacramento Appraisal Blog

DECEMBER 1, 2021

It’s real estate prediction season and I have a few thoughts about the beginning of next year. I’m cautious about predicting because my crystal ball is broken, but it’s a no-brainer to say we’re poised to start next year with heavy competition. Big 2022 market update: I’m doing a big market talk at SAR on […].

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Housing Wire

DECEMBER 1, 2021

Online real estate platform Clever has raised $8 million in a Series B funding round to expand its team and accelerate its mortgage efforts, the company said on Wednesday. The round was led by Cultivation Capital , along with a strategic investment from The Mortgage Collaborative (TMC) Emerging Technology Fund. Since its creation in 2017, the company has raised $13.5 million, including the new capital raising and a $3.5 million Series A round announced in the spring of 2019.

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Appraisal Buzz

DECEMBER 1, 2021

Thanksgiving week, a three-day business week for many, saw the usual sharp decline in mortgage activity although purchase applications remained seasonally strong. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of mortgage application volume, fell 7.2 percent on a seasonally adjusted basis from one week earlier and was down 37 percent on an unadjusted basis.

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Housing Wire

DECEMBER 1, 2021

Better.com founder and CEO Vishal Garg. Digital mortgage lender Better.com is laying off 9% of its workforce ahead of a $750 million cash injection from financial backer SoftBank Group. Company officials say the moves will allow refi-heavy Better to increase its strength in a mortgage market that is increasingly becoming purchase-focused. The layoffs were announced by the New York-based company on Tuesday.

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Appraisal Buzz

DECEMBER 1, 2021

GSE announces changes to its finance leadership structure as Chryssa Halley is named CFO, and Jim Holmberg is promoted to Controller. The post Fannie Mae Names New Finance Leadership appeared first on DSNews. The post Fannie Mae Names New Finance Leadership appeared first on Appraisal Buzz.

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Appraisal Buzz

DECEMBER 1, 2021

The mortgage industry veteran will lead day-to-day operations as the company’s long-term growth initiative takes root. The post Open Mortgage Appoints Mortgage Vet Joe Stephenson as President appeared first on theMReport.com. The post Open Mortgage Appoints Mortgage Vet Joe Stephenson as President appeared first on Appraisal Buzz.

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Housing Wire

DECEMBER 1, 2021

Brena Nath HW+ Managing Editor. AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. For starters, it’s a leap year and the year the Winter Olympics and FIFA World Cup will take place. Toward the end of the year, Americans will also be selecting the 118th Congress. But what about what’s next for the housing industry?

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Appraisal Buzz

DECEMBER 1, 2021

Open Mortgage , a multi-channel mortgage lender, has named Joe Stephenson as its new president. The newly created position will oversee day-to-day mortgage lending operations for the company, with a strong focus on the company’s continued growth, allowing Open Mortgage Founder and CEO Scott Gordon to continue to focus on its long-term strategic expansion, innovation and corporate culture.

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George Dell

DECEMBER 1, 2021

Obsolete! Such a harsh word. Can it be? Is the problem convolution? Does it mean I will soon be obsolete? Not needed? Not loved? Terrible. What can be done? Yet all the little signs are pointing that way. “Automated” valuation models have much of the market, and continue to gain. Other valuation methods and appraisal […]. The post Is Appraisal Obsolete?

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Appraisal Buzz

DECEMBER 1, 2021

Fannie Mae has picked Chryssa C. Halley as executive vice president and CFO. In this role, Halley reports to Fannie Mae’s president and is responsible for Fannie Mae’s financial management and economic and strategic research functions. As a result, David C. Benson, Fannie Mae’s president, has discontinued serving as Fannie Mae’s interim CFO.

Finance 195

Finance Appraisal 195

GoForrmz

DECEMBER 1, 2021

Explore how GoFormz digitally transforms healthcare operations and streamlines claim processing from end-to-end HIPAA-secure digital forms significantly accelerate the traditional delays experienced during the patient claims process, including long wait times, delayed responses, and more. This is made possible by the real-time nature of digital forms, allowing providers and patients the ability to complete, review, and process forms directly from their mobile devices or computer.

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Clients 141

Appraisal Buzz

DECEMBER 1, 2021

LoanLogics , a provider of loan quality control and document processing solutions, is acquiring LoanBeam , a provider of income calculation and verification technology endorsed by government-sponsored entities (GSEs) Fannie Mae and Freddie Mac. Terms of the deal were not disclosed. LoanBeam’s products enable mortgage lenders to get upfront borrower income validation from any income source, cutting days out of the risk review process, the company says in a release.

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Riverfront Appraisals

DECEMBER 1, 2021

Well, we did it! We made it to the end of a year-long series called the Loan Officer’s Guide to Appraisals! If you’ve read each post, or listened to each accompanying podcast over at The Appraisal Cast, thank you! If you’ve just come upon this blog for the first time, thank you as well for […]. The post The Loan Officer’s Guide to Appraisals Part 12: Frequently Asked Questions appeared first on Riverfront Appraisals.

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Appraisal Appraisal Process Property Appraisal Housing Market 88

Appraisal Buzz

DECEMBER 1, 2021

The Federal Housing Finance Agency (FHFA) has announced the conforming loan limits (CLL) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2022. In most of the U.S., the 2022 CLL for one-unit properties will be $647,200, an increase of $98,950 from $548,250 in 2021. The Housing and Economic Recovery Act (HERA) requires that the baseline CLL for the Enterprises be adjusted each year to reflect the change in.

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Finance Appraisal Mortgage 195

GoForrmz

DECEMBER 1, 2021

Explore how GoFormz digitally transforms healthcare operations and streamlines claim processing from end-to-end HIPAA-secure digital forms significantly accelerate the traditional delays experienced during the patient claims process, including long wait times, delayed responses, and more. This is made possible by the real-time nature of digital forms, allowing providers and patients the ability to complete, review, and process forms directly from their mobile devices or computer.

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Clients 78

Appraisal Buzz

DECEMBER 1, 2021

Lenders can remain competitive, even as the housing market slows, as Ashley Wood of Equifax details methods to maintain a healthy balance. The post Keeping Pace appeared first on theMReport.com. The post Keeping Pace appeared first on Appraisal Buzz.

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Housing Market Appraisal Marketing 195

BiggerPockets

DECEMBER 1, 2021

If you’re looking to buy your first (or next) rental, you’ve come to the right place! BiggerPockets was founded to help real estate investors network, build their skills, and grow […].

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Real Estate Investors 76

Appraisal Buzz

DECEMBER 1, 2021

As more than 45 million millennials enter the prime first-time buying ages of 26-35, the year 2022 will present several opportunities, despite expected a rise in rates and a recovering inventory. The post Economists Find Millennials Will Drive Housing Market in ’22 appeared first on DSNews. The post Economists Find Millennials Will Drive Housing Market in ’22 appeared first on Appraisal Buzz.

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BiggerPockets

DECEMBER 1, 2021

Real estate is a relationship-based business. As you establish more relationships within the industry, your job continues to get easier and today’s guest, Jay Simpson, is a prime example of […].

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Real Estate Real Estate Agent Agents Business 73

Appraisal Buzz

DECEMBER 1, 2021

New data from Realtor.com economists finds that prospective buyers must withstand an impending whirlwind market heading into the new year. The post Mixed Bag of Housing Opportunities Forecast for 2022 appeared first on theMReport.com. The post Mixed Bag of Housing Opportunities Forecast for 2022 appeared first on Appraisal Buzz.

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Buyers Appraisal Marketing 150

BiggerPockets

DECEMBER 1, 2021

While the good old days of investing in Orlando real estate for pennies on the dollar may be gone, the future of investing in this central Florida city is still bright. .

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Real Estate Investing Marketing Investors 75

Appraisal Buzz

DECEMBER 1, 2021

As mortgage rates begin to ascend, overall mortgage purchase and refinance application volume has begun to tail off. The post Refi Interest Wanes as Rates Begin to Rise appeared first on theMReport.com. The post Refi Interest Wanes as Rates Begin to Rise appeared first on Appraisal Buzz.

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Appraisal Mortgage 195

Mashvisor

DECEMBER 1, 2021

Many real estate investors use Airbnb to generate monthly cash flow. But what’s the right price for your property? Charging too much or too little creates problems no Airbnber needs.

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Investors Real Estate Property Management 69

Appraisal Buzz

DECEMBER 1, 2021

Mikhail Cook has joined mortgage servicing software firm Sagent as executive vice president of strategic sales. Previously, Cook served in SVP of sales roles at EXOS Technologies and Black Knight. In his new role at Sagent, Cook will help the company’s rapid progress modernizing mortgage servicing and completing the consumer digital journey. He will also focus on growing relationships with major financial institutions, as well as unlocking value and efficiency for clients and partners.

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McKissock

DECEMBER 1, 2021

When Kenny Chesney’s 56-acre country hilltop estate goes up for sale, people take notice. In fact, so many people took notice when Chesney’s Nashville, TN property hit the market that it quickly became one of Realtor.com’s most popular listings in August. But is the fascination with Chesney’s property just a case of starstruck onlookers, or can this sprawling country estate teach us something about what today’s buyers are really looking for?

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Buyers Real Estate Agent Real Estate Agents 59

Appraisal Buzz

DECEMBER 1, 2021

BLOG VIEW: Mortgage industry regulators mandate that lenders and servicers must treat all mortgage borrowers fairly and provide equal access to services regardless of the consumer’s ability to speak English proficiently. As the U.S. continues to slowly emerge from the shadow of the COVID-19 pandemic, borrowers who may have forestalled default actions are now facing the end of forbearance programs.

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Mortgage Appraisal 195

Mashvisor

DECEMBER 1, 2021

Which is the best tool for finding properties with short-term rental potential? Is it the AirDNA Rentalizer or the Mashvisor Airbnb Calculator?

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Tools Investing Investors Marketing 69

BiggerPockets

DECEMBER 1, 2021

The largest digital real estate purchase to date recently took place, but we’re just getting started.

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Real Estate Investing 82

Hank Miller Team

DECEMBER 1, 2021

The frenzied real estate market of '20-'21 exacerbated the issues found in normal markets. Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. This is unwise at best and foolish at worst, when emotion rules the decision making process, bad things happen.

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Inspection Buyers Real Estate Sellers 52

Mortgagebroker News

DECEMBER 1, 2021

Akber Abbas tells CMP how 8Twelve Mortgage Corporation is positioning itself at the forefront of the industry's digital revolution by offering innovative solutions for brokers and consumers alike

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Technology Mortgage 57

Mashvisor

DECEMBER 1, 2021

Before acquiring a home as a real estate investor, there are a few things you should know regarding cash to close.

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Investors Real Estate Investing 69

Mortgagebroker News

DECEMBER 1, 2021

Effective policy responses have limited the deleterious impacts of the pandemic, Crown corporation says

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AmeriMac

DECEMBER 1, 2021

One of the most important parts of the home buying process has to do with the appraisal – something that is true for a wide range of different reasons, all of which are worth exploring. For starters, appraisals are required by nearly all mortgage lenders out there – meaning that you’re not going to get approved for a loan without one.

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Appraisal Market Value Real Estate Development 36