Housing Wire
AUGUST 10, 2021
It had to happen eventually. For the first time since December 2019, purchase mortgages represented a higher percentage of closed mortgages than refinances. Purchase mortgages rose to 51% of closed mortgages in June, up from 47% in May, according to the latest origination report from ICE Mortgage Technology (formerly Ellie Mae). Refinances represented 48% of closed loans.
Appraisal Buzz
AUGUST 10, 2021
The end of the government moratorium could lead to a steady increase in default activity for the rest of the year, but not a surge, experts predict. The post Foreclosure Rate Holds Steady appeared first on DSNews. The post Foreclosure Rate Holds Steady appeared first on Appraisal Buzz.
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Housing Wire
AUGUST 10, 2021
Fintech lender Figure Technologies is going full force in to the mortgage lending – and now servicing – blockchain revolution. Just one week after its announcement that it would merge with lender Homebridge Financial Services , the company revealed a partnership with loan servicing software developer Sagent. According to the Tuesday press release, Sagent will power Figure’s mortgage servicing to grow out its blockchain development.
Appraisal Buzz
AUGUST 10, 2021
Purchase loans finally regained the catbird seat in June, edging out the share of refinance loans by 3 percentage points. ICE Mortgage Technology reports that 51 percent of all mortgages originated during the month were for home purchases. This is the first time since December 2019 that purchases eclipsed refinances in the ICE Origination Insight Report.
Housing Wire
AUGUST 10, 2021
We were able to witness first-hand over the past 18 months that the demand for non-QM will remain high because there are always borrowers who cannot qualify for a mortgage loan without it. Self-employed who can’t use tax returns to qualify or Jumbo borrowers who don’t meet Prime guidelines can’t purchase a home without non-QM. Our clients who get it are increasing their volume by utilizing our Bank Statement, non-QM Platinum Jumbo, no income Investor Cash Flow, and other non-QM solutions we offe
Appraisal Buzz
AUGUST 10, 2021
New partnership accelerates Sagent’s servicing modernization and Figure’s blockchain presence across consumer finance and housing. The post Sagent and Figure Partner on Blockchain Initiative appeared first on DSNews. The post Sagent and Figure Partner on Blockchain Initiative appeared first on Appraisal Buzz.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
AUGUST 10, 2021
A new poll has found that cybersecurity and the use of drones top real estate agents’ most sought-after and used tech tools. The post Examining the Importance of Real Estate’s Emerging Technologies appeared first on theMReport.com. The post Examining the Importance of Real Estate’s Emerging Technologies appeared first on Appraisal Buzz.
The Appraiser Coach
AUGUST 10, 2021
Near my office there are two convenience stores but I only ever go to one of them. Really, there isn’t anything terrible about the one I don’t go to, but. Read More.
Appraisal Buzz
AUGUST 10, 2021
Economists predict “a robust economy and near-zero interest rates” will hold crises related to late mortgage payments at bay. The post Delinquencies: Elevated But Declining appeared first on DSNews. The post Delinquencies: Elevated But Declining appeared first on Appraisal Buzz.
GoForrmz
AUGUST 10, 2021
Building form Templates just got even easier – check out our new Template Editor improvements and learn to create forms from scratch! We have just released an update to our Template Editor allowing form builders two powerful options when creating a digital form Template: Digitize your form in Form View Upload a PDF or JPG of an existing form to the Template Editor Create an entirely new form in List View (an ‘app-like’ index of form fields) Build your own form from scratch – no existing form req
Appraisal Buzz
AUGUST 10, 2021
Appraising a luxury home can be stressful, so preparation is important before commencing with a luxury home inspection. In this post, we provide valuable tips for preparing to inspect a luxury home, including some key questions to ask of the homeowner, agent, or builder about upgrades and amenities. 1. Research the subject property. Carefully research the subject property prior to the appraisal inspection , keeping the following in mind: Online mapping (aerial, satellite, GIS).
McKissock
AUGUST 10, 2021
Appraising a luxury home can be stressful, so preparation is important before commencing with a luxury home inspection. In this post, we provide valuable tips for preparing to inspect a luxury home, including some key questions to ask of the homeowner, agent, or builder about upgrades and amenities. 1. Research the subject property. Carefully research the subject property prior to the appraisal inspection , keeping the following in mind: Online mapping (aerial, satellite, GIS) can help with a pr
Appraisal Buzz
AUGUST 10, 2021
Floify , a digital mortgage lending technology provider, has released Floify TPO, an automated loan submission platform that directly supports wholesale lenders and their third-party originators. The new platform enables third-party originators to streamline the application and documentation gathering process, easily register new loans with the lender and seamlessly pull new conditions from their loan origination system to create the corresponding document requests in the borrower’s digital loan
Raleigh Realty
AUGUST 10, 2021
Resource Guide for Homebuyers With Dementia or Alzheimer's You hear it from healthcare professionals and various media sources all the time. “Eating a certain type of diet or making slight changes to your lifestyle will help to protect your mind against Alzheimer’s and other related Dementias”. But what if you or a loved one have already received a diagnosis?
Appraisal Buzz
AUGUST 10, 2021
More smaller homes are being listed, injecting some much-needed supply into the nation’s housing market as new listings rose 6.5% in July. The post Housing Inventory Gets Boost From Smaller Homes appeared first on theMReport.com. The post Housing Inventory Gets Boost From Smaller Homes appeared first on Appraisal Buzz.
Will Springer Realtor
AUGUST 10, 2021
By Jan Soults Walker. Every home suffers a few negatives, but not every solution requires pricey structural changes. Paint is a frugal remodeler’s go-to solution to perk up a problem room. Here’s how to pick paint colors to give any room a facelift: Choosing Paint for a Room That’s Too Small. Painting walls white, cream, pastels or cool colors (tinged with blue or green) creates the illusion of more space by reflecting light.
Appraisal Buzz
AUGUST 10, 2021
The remodeling industry has responded with shifts in scale and specialization, according to a study by Harvard’s JCHS. The post Homeowners’ Renovation Spending Doubled Since 2001 appeared first on DSNews. The post Homeowners’ Renovation Spending Doubled Since 2001 appeared first on Appraisal Buzz.
BiggerPockets
AUGUST 10, 2021
As a landlord, you’re looking to make the most money you can from your real estate. Sure, increasing rent is one way. But here are more ways you can increase your rental property profits.
Appraisal Buzz
AUGUST 10, 2021
While “still extremely fragmented,” the home improvement business has seen “growing levels of concentration,” say research fellows at Harvard’s JCHS. The post Remodeling Industry’s Shifts in Specialization, Scale appeared first on theMReport.com. The post Remodeling Industry’s Shifts in Specialization, Scale appeared first on Appraisal Buzz.
BiggerPockets
AUGUST 10, 2021
Derrick Acuff was hungry for success in real estate. So hungry for success, that he would be picking up calls from sellers in the middle of performing his job as […].
Appraisal Buzz
AUGUST 10, 2021
Near my office there are two convenience stores but I only ever go to one of them. Really, there isn’t anything terrible about the one I don’t go to, but … Read More. The post Become the “Go To” Appraiser in Your Area appeared first on Appraisal Buzz.
Lamacchia Realty
AUGUST 10, 2021
Lamacchia Realty, Inc. has released their “Top Producing Agents,” for July 2021! This program recognizes Lamacchia Realty agents with the Top 10 agents by company and Top 3 or 5 agents by office with the highest transaction numbers or sales for the month! July 2021 Winners of the Top 10 for the Company are: Shauna Fanning has a passion and a drive for customer service and customer relations and has over 17 years in the field.
Appraisal Buzz
AUGUST 10, 2021
ATTOM has released its July 2021 U.S. Foreclosure Market Report , which shows there were a total of 12,483 U.S. properties with foreclosure filings – default notices, scheduled auctions or bank repossessions – down 4% from a month ago but up 40% from a year ago. Numbers reflect the last month before the government moratorium is lifted. Nationwide one in every 11,009 housing units had a foreclosure filing in July 2021.
McKissock
AUGUST 10, 2021
Just when you thought you had mastered marketing to Millennials, it’s time to prepare for a new generation of homebuyers: Gen Z. According to Realtor.com’s fourth-quarter generational propensity report, these tech-savvy adults now own about 2% of the homes on the market. And, unlike their Millennial predecessors , Gen Z desires simplicity, practicality, and they’re more focused than the previous generation on low-cost living outside of big cities.
Appraisal Buzz
AUGUST 10, 2021
MReport recently had the chance to chat with Matt Woodhouse of ServiceLink about the company’s ServiceLink’s State of Homebuying Report analyzing trends in the market and the impact of technology on today’s buyer. The post Expert Insights: Matt Woodhouse, Managing Director of Valuations, ServiceLink appeared first on theMReport.com. The post Expert Insights: Matt Woodhouse, Managing Director of Valuations, ServiceLink appeared first on Appraisal Buzz.
BiggerPockets
AUGUST 10, 2021
Failure isn't the end of your real estate investing story. Here's how to bounce back from hard times.
Appraisal Buzz
AUGUST 10, 2021
CoreLogic ’s monthly Loan Performance Insights Report for May 2021 shows that 4.7% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.6% decrease in delinquency compared to May 2020, when it was 7.3%. However, overall delinquencies are above the early 2020, pre-pandemic rate of 3.5%.
Mortgagebroker News
AUGUST 10, 2021
Mortgage brokers are ideally placed to shield credit-constrained borrowers from predatory tactics
Appraisal Buzz
AUGUST 10, 2021
An increase in the number of smaller, affordable homes listed in July provided much-needed relief for first-time homebuyers who have been shut out of the market due to affordability and inventory concerns. The post First-Time Buyers Find Some Relief in July appeared first on DSNews. The post First-Time Buyers Find Some Relief in July appeared first on Appraisal Buzz.
Mortgagebroker News
AUGUST 10, 2021
Fintechs are raring to compete with the largest banks when it comes to financial products
Listing Spark
AUGUST 10, 2021
When purchasing a home, not only is there a buyer and seller executing a contract, there is also a monetary consideration called earnest money that binds the agreement. How earnest money is handled can differ from state to state. For the purposes of this article we’ll discuss the norm in Texas. What is Earnest Money? Earnest Money is a good faith deposit that a buyer pays out of pocket once a contract is executed.
Mortgagebroker News
AUGUST 10, 2021
The partnership aims to further streamline the work involved in buying a new home
Eyes on Housing
AUGUST 10, 2021
Lot values for single-family detached homes started in 2020 surged 18%, according to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data. As a result, the median lot price reached a new record high of $53,000. Though an 18% jump in lot values is unprecedented, it is consistent with other significant building material price hikes and undeniable supply.
Mortgagebroker News
AUGUST 10, 2021
Brokerage owner outlines why construction financing could be set to surge
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