Sat.Oct 01, 2022

article thumbnail

Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

The real estate market has shifted, and we are in a new housing paradigm. Mortgage interest rates have risen quickly in the past few months further eroding affordability. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. .

Realtors 393
article thumbnail

The Week Ahead: The State of the Subservicing Sector

Appraisal Buzz

The Five Star Institute will present a webinar addressing the state of the MSR market, and what lies ahead in 2023 for lenders and the subservicing sector. The post The Week Ahead: The State of the Subservicing Sector appeared first on DSNews. The post The Week Ahead: The State of the Subservicing Sector appeared first on Appraisal Buzz.

Appraisal 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Appraisers voice opinions on AMCs, appraisal delays

Housing Wire

If discrimination is committed by appraisers – as the news headlines would suggest – fellow appraisers and real estate agents say they rarely witness or experience it. A survey of appraiser members and non-appraiser members conducted by the National Association of Realtors found that only 3% of the 2,353 respondents reported witnessing or experiencing discrimination in an appraisal.

Appraisal 393
article thumbnail

Hurricane Ian Property Damage Estimated at $28B-$47B in Florida

Appraisal Buzz

CoreLogic estimates that residential and commercial property loss from Hurricane Ian’s wind and storm surge damage will make it the costliest storm to hit the Sunshine State since Hurricane Andrew in 1992. The post Hurricane Ian Property Damage Estimated at $28B-$47B in Florida appeared first on DSNews. The post Hurricane Ian Property Damage Estimated at $28B-$47B in Florida appeared first on Appraisal Buzz.

Appraisal 195
article thumbnail

A key area where lenders can improve the bottom line

Housing Wire

As rates continue to rise and lenders adjust to markedly tighter profit margins, the hunt is on for opportunities to improve operational costs. In light of that, HousingWire Content Solutions Managing Editor Maleesa Smith sits down with Sara Kodikara, Sr. Professional of Product Management at CoreLogic, to discuss a key area where lenders could improve their bottom line. .

Appraisal 393
article thumbnail

A Guiding Light for Borrowers in Forbearance

Appraisal Buzz

John Vella, Chief Revenue Officer of Selene Finance sits down with DS News to discuss the state of the servicing sector, and lessons learned from the culture of listening and working with borrowers on the path to a successful resolution of their forbearance plans. The post A Guiding Light for Borrowers in Forbearance appeared first on DSNews. The post A Guiding Light for Borrowers in Forbearance appeared first on Appraisal Buzz.

Finance 150

More Trending

article thumbnail

Recent HUD, Census Bureau Survey Provides Insight on Housing

Appraisal Buzz

According to the new 2021 American Housing Survey released by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau, in general, 2020 and 2021 were good for homeowners but presented challenges for many renters. Every two years, HUD and the Census Bureau produce the American Housing Survey (AHS), the most … The post Recent HUD, Census Bureau Survey Provides Insight on Housing appeared first on DSNews.

article thumbnail

We can’t wait to see you at HW Annual Oct. 3-5

Housing Wire

The road to HousingWire Annual has been filled with a lot of excitement and strategic planning. After months of preparing and anticipation, the week is nearly here. Everyone on the HW team is so excited to see our friends and colleagues from across the industry in Scottsdale, Arizona. . This year’s HW Annual will feature dozens of industry experts and leaders from all corners of the housing ecosystem.

article thumbnail

NAHB Builders’ Businesses Showed Significant Growth in 2021

Eyes on Housing

The business of the typical NAHB (National Association of Home Builders) builder grew significantly between 2020 and 2021, according to results from NAHB’s latest member census. The 2021 NAHB census shows that the median gross revenue of an NAHB builder in 2021 was $3.3 million, up 26.9 percent from the previous year. NAHB reinstated its member census during the industry-wide.

Business 145
article thumbnail

The importance of loan quality debt monitoring

Housing Wire

In the mortgage industry, the time between when a hopeful borrower submits their loan application and the loan actually closing is 50 days on average, according to the Origination Insight Report by ICE Mortgage Technology. During this period, a borrower’s credit profile may change drastically. From taking on additional debt and late payments to being sent to collections, a borrower who qualified for a loan just a few months ago may no longer be eligible.

Investors 390
article thumbnail

FNMA Ensnares Appraisers in Farcical Probes

Appraiserblogs

You feel like Fannie Mae is simply trying to get rid of appraisers. A lot of appraisers feel that way… “Even amidst tragedy there is sometimes farce,” wrote author Daniel Prokop. Unleashing tragedy and farce in equal measure, mortgage giant Fannie Mae is using its muscle to coerce lenders to repurchase early COVID-era loans. Fannie apparently deems them now too risky for its portfolio.

Appraisal 130
article thumbnail

How Pre-Appraisal Tools Improve the Home Appraisal Process

Kairos Appraisal Services

If you’re a mortgage loan officer and not taking advantage of pre-appraisal tools, your clients could be paying the price with higher fees and longer turnaround times. Read on to learn why pre-appraisal tools are the perfect solution for providing a better borrower experience and, for loan officers, how these tools can expedite the process… The post How Pre-Appraisal Tools Improve the Home Appraisal Process appeared first on Kairos.

article thumbnail

5 Rules for Appraising Barndominiums

McKissock

B arndominium properties are typically found in more rural areas. They could be existing barns that were converted into homes or brand-n ew m etal pole buildings that are finished to create a residence. During the appraisal and appraisal report review processes, barndominiums require special consideration, given that they are typically unique to a subject neighborhood.

article thumbnail

Michelle Farrell Qualifies for 2022 Lamacchia Realty President’s Club

Lamacchia Realty

Michelle Farrell has officially qualified for the 2022 President’s Club for the first time ever and we are so excited to see her hit this impressive milestone! Michelle qualified by surpassing $16,000,000 in sales volume! Michelle is an absolute rock star and has seen tremendous growth since starting her career in real estate at Lamacchia Realty.

Realty 73
article thumbnail

Kitchen Ideas That Make Life Easier

Eppraisal

In the world of real estate, kitchens are one of the top considerations for buyers in a home. Up to date, upgraded, well-functioning kitchens add home value. If your kitchen is in need of some updates and upgrades, consider ones that you will not only love, but that will make your life easier. Open Concept Kitchens tend to function as gathering places for family and friends.

article thumbnail

These 14 States Are Facing Higher Real Estate Insurance Premiums—Is Your State On The List?

BiggerPockets

A significant challenge for landlords is to find the right affordable insurance coverage for their rental properties. In addition to fulfilling the requirements to obtain a mortgage, landlords also want […].

article thumbnail

Feds, orgs announce multi-million investment in housing supply

Mortgagebroker News

New units will address the needs of those currently experiencing homelessness or housing insecurity

article thumbnail

Want to Know the Easiest Way to Buy a Million-Dollar Property? Fractional Investing

BiggerPockets

This article is presented by Arrived. Read our editorial guidelines for more information. While real estate ownership has been one of the most consistent ways to build wealth in America, it has […].

article thumbnail

Uptown president on providing 'all-in-one' solution for mortgage clients

Mortgagebroker News

A rebranding has seen several companies in the real estate process come under the umbrella

Clients 69
article thumbnail

Rookie Reply: The One Mistake That Almost Got My House Foreclosed

BiggerPockets

A rental property falling into foreclosure is a sad sign. “What happened to that landlord?” you might ask. Did a tenant do extensive damage, leaving them with a too burdensome […].

Tenants 57
article thumbnail

RBC: Housing affordability in Canada is at a 30-year nadir

Mortgagebroker News

The decline in affordability over the past year has been "off the charts", new RBC report says

69
article thumbnail

Finance Friday: When Rental Property Investing Doesn’t Make Sense

BiggerPockets

Over the past two years, short-term rental investing has become a financial lifeline for those that are trying to make extra income. A small one or two-bedroom basement, garage apartment, […].

article thumbnail

StatCan: Alberta population growth benefiting from migration

Mortgagebroker News

Interprovincial migration will make itself apparent in the housing market soon, analysts say

article thumbnail

California lifestyle home for sale

San Jose Real Estate

If the California lifestyle home of living outdoors as well as indoors appeals to you, this Cambrian house and yard should not be missed! Clair and I just put a uniquely stunning Cambrian house on the market this evening and we’d like all of our readers to know about it before it’s gone! Want to […].

article thumbnail

First-time buyers: Is now the right time to enter the market?

Mortgagebroker News

The recent cooldown has presented opportunities for new buyers, agents say

Buyers 69
article thumbnail

Another lender settles redlining accusations with DOJ

Housing Wire

The Department of Justice reached a $12 million-plus settlement with Lakeland Bank over claims the lender engaged in redlining in the Newark, New Jersey metropolitan area. The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark.

Law 404
article thumbnail

Equitable Bank gets acquisition approval from Minister of Finance

Mortgagebroker News

The deal will see Equitable acquire a majority interest in a bank

Finance 69
article thumbnail

[Video] Customer Story: Overland Pipeline

GoForrmz

“ [GoFormz] probably saves a combined 3-4 hours a day of work. ” — John Bates, Division Manager, Overland Pipeline. About Overland Pipeline Based out of Canonsburg, Pennsylvania, Overland Pipeline operates nationwide in the oil and gas services industry constructing pipelines primarily in the midstream sector. While Overland Pipeline is just getting started, the team’s collective experience makes them no stranger to the industry.

article thumbnail

September 2022 Home Data Index Market Report

Clear Capital

The September 2022 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 4.2 percent. Download the report , or read it below. Commentary by Brent Nyitray of The Daily Tearsheet. Home price appreciation cooled again in September as the Clear Capital Home Data Index rose 4.2% quarter-over-quarter (QoQ) and 14.8% on a year-over-year (YoY) basis.

article thumbnail

Court tosses Trump-era HMDA reporting change

Housing Wire

A federal judge has ruled in favor of a coalition of community housing groups against the Consumer Financial Protection Bureau (CFPB), vacating part of a Trump-era rule that impacted the reporting obligations of certain mortgage lenders. The D.C. District Court found that the CFPB, under Trump appointee Kathy Kraninger , acted in an “arbitrary and capricious” manner by exempting mortgage lenders from reporting obligations under the Home Mortgage Disclosure Act (HMDA) designed to help combat fair

Lending 404