Housing Wire
AUGUST 19, 2021
The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates rose to 2.87% , after six consecutive weeks of mortgage rate declines. This week’s slight decline tracks closely with downward-trending U.S. Treasury yields.
Appraisal Buzz
AUGUST 19, 2021
The full-year 2021 real GDP growth forecast has been revised modestly downward due in part to the expectation that COVID-related disruptions to consumer spending and supply chains will more greatly hinder economic activity in the second half of the year than previously forecast, according to the August 2021 commentary from Fannie Mae ’s Economic and Strategic Research (ESR) Group.
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Housing Wire
AUGUST 19, 2021
Delinquency rates for mortgage loans on one-to-four-unit residential properties shrank across the board to 5.47% in the second quarter, according to a Mortgage Bankers Association survey published this week. Compared to the previous quarter , the delinquency rate dropped 91 basis points and was down a whopping 275 bps from a year ago. The results are welcome news and run counter to worries that gained traction last year that elevated levels of delinquencies would result in a slew of foreclosures
Appraisal Buzz
AUGUST 19, 2021
The strategic acquisition of servicing rights and personnel will benefit rural America’s lending institutions, says CEO Brad Nordholm. The post Farmer Mac Expands Loan Servicing Function appeared first on DSNews. The post Farmer Mac Expands Loan Servicing Function appeared first on Appraisal Buzz.
Housing Wire
AUGUST 19, 2021
New affordable housing benchmarks proposed by the Federal Housing Finance Agency (FHFA) are the latest policy change to try and boost the share of minority homeowners. The proposed rule would set higher requirements for Fannie Mae and Freddie Mac loan purchases in minority and low-income Census tracts. If Fannie Mae and Freddie Mac do not make the proposed goals , which would take effect starting in 2022, they could be subject to enforcement action or penalties from their regulator, the FHFA.
Appraisal Buzz
AUGUST 19, 2021
The July report on residential construction from the U.S. Census Bureau and Department of Housing and Urban Development shows that permits increased during the month for only the second time since January while housing starts posted a significant decline, falling in three of the four major regions. Permits for residential construction were at a seasonally adjusted annual rate of 1.635 million units, up 2.6 percent from the 1.594 million rate in June.
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Appraisal Buzz
AUGUST 19, 2021
Monthly contributions from Carrington borrowers results in more than $200,000 for programs dedicated to the nation’s veterans. The post Carrington Charitable Foundation Raises $200K-Plus appeared first on theMReport.com. The post Carrington Charitable Foundation Raises $200K-Plus appeared first on Appraisal Buzz.
Housing Wire
AUGUST 19, 2021
Christian Wallace, Head of Real Estate Services at Better.com. Better.com , a digital mortgage lender that is set to go public later this year, unveiled Thursday another expansion of its in-house real estate group , one that has a unique business model in the world of brokerage. The seven-year-old, New York City-based company will also soon provide an instant cash offer program to homesellers, said Christian Wallace, Head of Real Estate Services at Better.
Appraisal Buzz
AUGUST 19, 2021
Experts trace improvements to a large drop in late-stage past-due loans and an improving economy. Here’s what else is at play. The post Survey Shows Significant Decline in Delinquencies appeared first on DSNews. The post Survey Shows Significant Decline in Delinquencies appeared first on Appraisal Buzz.
Housing Wire
AUGUST 19, 2021
Utah Professional Women in Building group. In 2018, Kristin Smith was tasked with starting the first-ever Utah Professional Women in Building group. Now, in 2021, the large, female-only company designed and constructed a home that was showcased in the 2021 Utah Valley Parade of Homes — and sold to benefit several good causes. The proceeds from the sale of the home will be divided between scholarships, women-run charities and future home projects.
Appraisal Buzz
AUGUST 19, 2021
After a slight rise last week, mortgage rates have plateaued as a shift in inventory and pricing is offering more choices for buyers, along with more approachable prices. The post Mortgage Rates Remain Relatively Flat appeared first on theMReport.com. The post Mortgage Rates Remain Relatively Flat appeared first on Appraisal Buzz.
Housing Wire
AUGUST 19, 2021
Cloud-banking software company Blend Labs posted a $39.6 million operational loss for the second quarter of 2021, its first as a publicly traded company. The firm, led by Nima Ghamsari, saw both a rise in revenue and a widening of operational losses in the quarter. Revenue ticked up to $32.1 million, up 46% over the $22 million the company posted in the prior year.
Appraisal Buzz
AUGUST 19, 2021
Demand has softened, a plus for buyers, while still-soaring prices provide equity, a buffer for financially strained homeowners. The post Housing Market Report Signals Stabilization appeared first on DSNews. The post Housing Market Report Signals Stabilization appeared first on Appraisal Buzz.
GoForrmz
AUGUST 19, 2021
Seamlessly share editable digital form drafts with users outside of your GoFormz account to capture event details It’s imperative that event planners and catering companies are effective and efficient when capturing client information and organizing various simultaneous requests. By digitizing and streamlining workflows , event planners and catering service companies can increase efficiency, reduce stress, and access real-time data anywhere, anytime.
Appraisal Buzz
AUGUST 19, 2021
Despite seeing enormous increases, economists also report less competition and more indicators of stabilization in coming months. The post ‘Astonishing’ Price Growth Continues, Demand Softens appeared first on theMReport.com. The post ‘Astonishing’ Price Growth Continues, Demand Softens appeared first on Appraisal Buzz.
Eyes on Housing
AUGUST 19, 2021
Confidence in the market for new multifamily housing decreased in the second quarter, according to results from the Multifamily Market Survey (MMS) released y the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) generated from the survey dropped three points to 48 compared to the previous quarter.
Appraisal Buzz
AUGUST 19, 2021
The median price of homes sold in July 2021 was up nearly 20% from a year earlier to a new all-time high of $385,600, according to a new report from real estate brokerage Redfin. This annual growth rate was down from a peak of 26% in May but still higher than any point on record prior to April of this year. July marks 12 consecutive months of double-digit price gains, which is significant because.
BiggerPockets
AUGUST 19, 2021
Investing in Chicago can be quite profitable, but it can also be complicated. The nuance of different neighborhoods requires a knowledgeable local agent to maximize investment potential. Scanlon shares his thoughts on Windy City real estate in his own words.
Appraisal Buzz
AUGUST 19, 2021
Senate Finance Committee Chair Ron Wyden has introduced new legislation to tackle the housing affordability crisis and expand homeownership opportunities. The post DASH Act Introduced to Ensure Housing Stability appeared first on DSNews. The post DASH Act Introduced to Ensure Housing Stability appeared first on Appraisal Buzz.
BiggerPockets
AUGUST 19, 2021
Making too much money is a good problem to have, and it’s one that many people in the Bay Area experience. Today we talk to Laurin, a mother of two, […].
Appraisal Buzz
AUGUST 19, 2021
The introduction of the DASH Act seeks to level the housing playing field for all through a series of initiatives including the issuance of housing vouchers and tax credits. The post New Legislation Tales Aim to Housing Affordability appeared first on theMReport.com. The post New Legislation Tales Aim to Housing Affordability appeared first on Appraisal Buzz.
BiggerPockets
AUGUST 19, 2021
Are you looking to expand your real estate investment portfolio? Let’s discuss leverage, which is one of the best ways to invest in real estate.
Mortgagebroker News
AUGUST 19, 2021
The federal government has pledged millions towards assisting the province’s affordable housing tenants
REX Real Estate
AUGUST 19, 2021
Whether it’s your first home or your dream home, house hunting can be an…
Mortgagebroker News
AUGUST 19, 2021
This property type remains among the most desirable investment vehicles in North America
Eyes on Housing
AUGUST 19, 2021
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction in the second quarter of 2021 posted the highest count of starts in 14 years. As housing demand has shifted to more suburban and exurban areas and housing affordability headwinds persist, medium-density construction lagged for much of 2020.
Mortgagebroker News
AUGUST 19, 2021
CEO says these solutions will become increasingly prevalent for mortgage professionals
Appraisal Buzz
AUGUST 19, 2021
Housing starts continued to disappoint in July, dropping 7% compared with June to reach a seasonally adjusted annual rate of 1.59 million, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. However, housing starts were up 2.5% compared with July 2020, when the annual rate was at 1.49 million. Starts of single-family homes in July were at a rate of 1.11 million, a decrease of 4.5% compared with.
Mortgagebroker News
AUGUST 19, 2021
The pandemic has introduced a major shift to the nation’s summer destinations
Real Quantum
AUGUST 19, 2021
FREE LIVE WEBINAR |Easy Steps to Protect Appraisal Firms from Cyber Attacks. SAVE MY SPOT . Agenda. The frequency of malware and ransomware attacks are increasing in a profound way. Companies big and small are getting hit. Appraisal firm cyber attacks on your business can be costly, disruptive, or even fatal. Mistakes expose companies, governments and personal finances to risk.
Mortgagebroker News
AUGUST 19, 2021
The call for entries for CMP’s Women of Influence report is in full swing
Empire Appraisal Group
AUGUST 19, 2021
Single-Family Lot Values Have Never Been Higher. Source: Single-Family Lot Values Have Never Been Higher | Realtor Magazine. Lot values for single-family, detached homes have never been higher. In 2020, prices jumped 18% to a median lot price nationwide of $53,000, according to an analysis of Census Bureau data by the National Association of Home Builders.
Mortgagebroker News
AUGUST 19, 2021
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