Tue.Jun 08, 2021

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Is the housing market starting to slow?

Sacramento Appraisal Blog

Is this crazy housing market slowing? Let’s talk about that today. On one hand stats are basically at all-time highs, but when we look deeper we’re starting to see some subtle signs of slowing. What are you seeing out there? QUICK SUMMARY: The market is still bananas, but we’re seeing some slight slowing. Stats could […].

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Regions Bank places $1B bet on home renovation market

Housing Wire

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. EnerBank, a Utah-based subsidiary of publicly traded CMS Energy , has loan balances totaling $2.8 billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders.

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Maxwell Launches New Offering That Combines Due Diligence and Quality Control Services

Appraisal Buzz

Maxwell , which offers a blend of digital mortgage software and services, has released MaxDiligence, a new offering that provides due diligence and quality control services for the firm’s clients. The latest feature in Maxwell’s suite of tools designed for community lenders, MaxDiligence is a new scalable way to gain efficiency and generate reliable results, the company says in a release.

Design 370
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It’s time to put Computer Vision tech on your valuation radar

Housing Wire

Nearly 200 years ago, one of the great scientists of his time, Charles Lyell, published, “The Principles of Geology.” In this influential work, Lyell extended the notion that changes in the geological record were gradual over time, giving credence to the notion of “uniformitarianism.”. Uniformitarianism was cast against the notion of “catastrophism,” which held that huge changes occurred as the result of massive stimulus and were few and far between.

Valuation 401
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Over Promise and Under Deliver

The Appraiser Coach

There are certain principles of good work and challenges that come when starting or running any business. Much of what we learn as business owners can also be passed on. Read More.

Business 370
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Nearly $600 Billion Reported in Home Improvements in 2021

Appraisal Buzz

An analysis by Angi finds that homeowners in lockdown during the pandemic invested billions into home improvements as the value of homeownership grew during the past year. The post Nearly $600 Billion Reported in Home Improvements in 2021 appeared first on theMReport.com. The post Nearly $600 Billion Reported in Home Improvements in 2021 appeared first on Appraisal Buzz.

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Exploring Alternatives to Foreclosure

Appraisal Buzz

Servicers have an obligation to help homeowners who are still struggling after the COVID-19 pandemic and provide them with a choice. The post Exploring Alternatives to Foreclosure appeared first on DSNews. The post Exploring Alternatives to Foreclosure appeared first on Appraisal Buzz.

Appraisal 360
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Content specialist Neel Dhingra to speak at engage June 17

Housing Wire

Growing your personal brand is an important skill in a purchase market, which is why we’ve invited Neel Dhingra, a top producing manager at All Western Mortgage , to speak at HousingWire’s annual engage.marketing on June 17. Dhingra, who has grown his business through content marketing on Instagram , LinkedIn , Facebook and YouTube along with The NeelHome Podcast, will join Andrew Haberman from Synergy One Lending and Brian Covey of loanDepot on a panel to discuss Building a Personal

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Share of Mortgages in Forbearance Continues to Fall, Albeit at Slower Pace

Appraisal Buzz

The share of mortgages in COVID-19-related forbearance plans fell to 4.16% of servicers’ portfolio volume during the week ended May 30, according to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey. However, the pace of forbearance exits continues to be sluggish: That’s down from 4.18% the previous week. As of the end of the month, roughly 2.1 million homeowners were still in forbearance plans, according to the MBA.

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Verus Title plants roots in Dallas-Fort Worth

Housing Wire

North Carolina-based Verus Title , a subsidiary of Fathom Holdings , has added offices in the Lone Star State. At the end of the first quarter, Fathom — a real estate and technology services platform — had approximately 2,400 real estate agents in Texas, including around 1,700 in the Dallas-Fort Worth metroplex. Verus Title will be focusing on expanding its presence primarily in North Texas, according to Paul Yurashevich, Verus Title founder and president. “Opening in Texas has been a prio

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Future-Proof Your Marketing for Millennials and Gen Z

Appraisal Buzz

To make sure your mortgage business doesn’t miss out on growth driven by these younger generations, it’s crucial to rethink how you engage with prospects and customers. The post Future-Proof Your Marketing for Millennials and Gen Z appeared first on theMReport.com. The post Future-Proof Your Marketing for Millennials and Gen Z appeared first on Appraisal Buzz.

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Non-QM shop Angel Oak Mortgage prepares IPO

Housing Wire

It was barely a year ago that Angel Oak Mortgage and the rest of the non-QM lenders were holding on for dear life. Now, the Atlanta-based lender is looking to raise $165 million as part of an independent public offering. Angel Oak Mortgage, managed by parent company Angel Oak Capital and Falcon I , is looking to boost its book of business with the capital raise, the lender said in an S-1 statement filed with the Securities and Exchange Commission late last week.

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How Homeowners Prepare for Severe Weather

Appraisal Buzz

Residents, servicers, and financial institutions can benefit from understanding disaster risk—researchers take a look at how homeowners are planning. The post How Homeowners Prepare for Severe Weather appeared first on DSNews. The post How Homeowners Prepare for Severe Weather appeared first on Appraisal Buzz.

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The 2021 HW Insiders Nominations are now open!

Housing Wire

The HW Insiders program is for the operational all-stars within the housing economy who do the leg work and make the mortgage industry tick, but rarely get the credit. The award recognizes housing professionals in residential mortgage lending, servicing, investments, real estate and fintech who are problem solvers, driving their companies forward every day.

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Early Delinquencies Drop Below Pre-COVID Levels; Lowest Rates in Nearly 2 Weeks; RefiNow Pros and Cons

Appraisal Buzz

The nation’s mortgage delinquency rate is inching closer to its pre-pandemic level as early stage delinquencies improve. CoreLogic says that in March of this year 4.9 percent of all mortgages were 30 days or more past due, including loans in foreclosure. This is the lowest rate since March 2021, the month the pandemic hit, and the rate was 3.6 percent.

Appraisal 195
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Count of Open Construction Jobs Near Two-Year High

Eyes on Housing

The count of open construction jobs increased in April to 357,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory. Overall, hiring in the construction sector slowed in April, declining to a 4.5% rate.

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Visionet Launches AI-Powered Doc Processing Platform

Appraisal Buzz

New offering allows for faster processing of data via an AI-powered process geared toward achieving faster ROI. The post Visionet Launches AI-Powered Doc Processing Platform appeared first on theMReport.com. The post Visionet Launches AI-Powered Doc Processing Platform appeared first on Appraisal Buzz.

Appraisal 195
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Driving Comps: The Great Debate

Working RE

“One of the best courses that I have had in 17 years!” -Amy H >> OREP E&O ????? “They are knowledgeable, professional, and understand urgency.” – Joe Thweatt Editor’s Note: Take the NEW 2021 Appraiser Fee Survey online now at WorkingRE.com/2021survey. Driving Comps: The Great Debate by Isaac Peck, Editor Rarely has there been a […].

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Delinquencies Hit Lowest Rate Since Start of Pandemic

Appraisal Buzz

The mortgage loan delinquency rate for March 2021 reportedly hit its lowest since March one year prior, when side effects of the global pandemic were just starting to drag down the U.S. economy. March was a month that included the third round of government stimulus checks and the extension of forbearance programs, which, taken together, … The post Delinquencies Hit Lowest Rate Since Start of Pandemic appeared first on DSNews.

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Top Questions to Add to Your Digital Patient Satisfaction Surveys

GoForrmz

Gather impactful responses from your patients with digital surveys and HIPAA-secure data capture Patient feedback is an invaluable resource for medical teams and healthcare operations, and digital surveys provide a seamless way to gather, process, and leverage patient responses. Your patient satisfaction surveys can be easily digitized for use on phones, tablets, and computers, and rapidly shared with patients and visitors to be filled out and completed.

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Over Promise and Under Deliver

Appraisal Buzz

There are certain principles of good work and challenges that come when starting or running any business. Much of what we learn as business owners can also be passed on … Read More. The post Over Promise and Under Deliver appeared first on Appraisal Buzz.

Business 195
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10 Steps to Kickstart a Winning Direct Mail Campaign

BiggerPockets

By following this 10-step process and continually testing and tweaking different aspects about your direct mail campaign, you’ll be able to maximize your return, attract new leads, and grow your business to new heights.

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Interfirst Adds Austen Richards to Its Western Division

Appraisal Buzz

The company’s new Wholesale Senior AE will work to bolster the lender’s Western Division and foster business-to-business relationships. The post Interfirst Adds Austen Richards to Its Western Division appeared first on theMReport.com. The post Interfirst Adds Austen Richards to Its Western Division appeared first on Appraisal Buzz.

Business 195
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Buying A Foreclosed Home In 6 Steps

Quicken Loans

Looking to buy a new home but worried you won’t be able to afford the monthly mortgage payment that comes with it? Or maybe you want to buy in a popular neighborhood, but you think its homes are too expensive for your budget? Purchasing a foreclosed home might be the solution. A foreclosed home is one that’s usually owned by a bank or lender. Lenders can foreclose on a home when homeowners stop making their regular monthly mortgage payments, meaning that they take over ownership of that residenc

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There’s No Correct Answer in Appraising

Appraisal Buzz

The very first truly “ knowledgeable” (one with an insight, understanding, or clear perception of a truth, fact, or subject) property purchaser I met was nearly four decades ago. In this case, he was also the client. He was buying an 1800s Victorian house in which his parents had operated a retail business for many years. His intent was to buy the house from his parents and relocate his law offices there.

Appraisal 195
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Buying a Home in Today's Market

Eppraisal

It's tough being a homebuyer nowadays. Record sales, high prices, and lots of competition are only a few of the many challenges' buyers are facing in today's market. Here's what to be prepared for: Competition Inventory is at its lowest point in many years. According to Realtor.com's April 2021 Monthly Housing Market Trends Report, the national inventory of active listings declined by 53% over last year.

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Ross Mortgage Hires Sheri Crump as VP of Mortgage Lending Operations

Appraisal Buzz

Sheri Crump recently joined Ross Mortgage Corp. , a full-service residential mortgage lender, as vice president of mortgage lending operations. Crump has 28 years of mortgage industry experience. She has served in all aspects of operations, including disclosure, processing, underwriting, closing and quality control. She previously worked for Chemical Bank as the director of mortgage operations.

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What to Do if You’re Selling a Home with Foundation Issues

Lamacchia Realty

WHAT TO DO IF YOU'RE SELLING. A HOME WITH FOUNDATION ISSUES. Selling a home is a big decision that comes with a lot of questions, especially if you haven’t done it before. Most homes develop one issue or another over time, and foundation issues are more common than you may realize. If you believe your home has foundation damage and you’re looking to sell, there are a few steps you need to take to cover yourself legally and get the most money possible for your home.

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Sizzling Hot Housing Market Shows Signs of Cooling

Appraisal Buzz

New data suggests a potential summer slowdown for prices, pending sales, and competition, but that didn’t prevent another record-breaking month in May. The post Sizzling Hot Housing Market Shows Signs of Cooling appeared first on DSNews. The post Sizzling Hot Housing Market Shows Signs of Cooling appeared first on Appraisal Buzz.

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Scottsdale Real Estate Market in 2021: Should You Invest and Where?  

Mashvisor

The Scottsdale real estate market is one of the most promising investments with an impressive rate of return (or cash on cash return) in 2021.

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What Does May’s Slowdown Mean for the Housing Market?

Appraisal Buzz

A barreling market has decelerated “from100 miles per hour down to 80,” but, economists say, “this is not the bursting of a bubble.” The post What Does May’s Slowdown Mean for the Housing Market? appeared first on theMReport.com. The post What Does May’s Slowdown Mean for the Housing Market? appeared first on Appraisal Buzz.

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Rookie Podcast 85: Stop Creating Your Own Roadblocks to Investing with Justin Munk

BiggerPockets

Coming up with capital isn’t easy when you’re just starting out. How are you supposed to get 20% down for one property, let alone multiple when trying to grow your […].

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Brian Montgomery Joins Radian’s Board

Appraisal Buzz

Former HUD Deputy Secretary and FHA Commissioner joins the board of directors of mortgage insurance company. The post Brian Montgomery Joins Radian’s Board appeared first on DSNews. The post Brian Montgomery Joins Radian’s Board appeared first on Appraisal Buzz.

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How to Start an Airbnb Management Company in 2021 in 6 Easy Steps

Mashvisor

With a presence in over 220 countries and more than 100,000 cities, Airbnb continues to grow at a staggering rate.