Housing Wire

FEBRUARY 15, 2022

Danny Yen, who masterminded a fraudulent continuing education scheme involving hundreds of loan officers, has agreed to settle with state financial regulators for $75,000. In a settlement with the California Department of Financial Protection and Innovation (DFPI), Maryland’s Office of the Commissioner of Financial Regulation and the Oregon Division of Financial Regulation , Danny Yen, the owner of Carlsbad, California-based mortgage education course provider Real Estate Educational Services , a

Loan Officers 370

Loan Officers Law Tools Mortgage 370

Sacramento Appraisal Blog

FEBRUARY 15, 2022

There are lots of big questions in life. Are you playing Wordle? Did you like the Super Bowl halftime show? And what are rising mortgage rates going to do to the housing market? Let’s talk about this. Okay, really quick. Yes, I play Wordle almost every day. And yes, I liked the halftime show. What […].

Mortgage 321

Mortgage Housing Market Marketing Appraisal 321

Appraisal Buzz

FEBRUARY 15, 2022

Check, recheck, document, and supervise; these simple tasks can be crucial to your reputation and opportunities. Proofreading. Ugh! It probably conjures up images of college term papers or maybe that fussy eighth grade English teacher who valiantly tried to teach you the appropriate place to put the comma. Surely your professional reputation and opportunities with clients couldn’t hinge on something so mundane as proofreading?

Clients 195

Clients Appraisal 195

The Appraiser Coach

FEBRUARY 15, 2022

Every Sunday evening at 8 pm I get a notification on my phone that says “Don’t forget your big 3!” What are the big 3? The big 3 are weekly. Read More.

Advertising 195

Advertising Real Estate Agent Government Inspection 195

Appraisal Buzz

FEBRUARY 15, 2022

It has been 14 years since Freddie Mac and Fannie Mae were put under full operational control of the Federal Housing Finance Agency (FHFA) at the height of the financial crisis in September 2008. At the time, then-Treasury Secretary Henry Paulson called the move a “timeout” reflecting the temporary nature of the move. According to … The post GSE Reform is Not Dead appeared first on DSNews.

Finance 195

Finance Appraisal 195

Eyes on Housing

FEBRUARY 15, 2022

The prices of goods used in residential construction ex-energy climbed 3.6% in January (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index was led higher by a 25.4% jump in softwood lumber prices and 9.0% price increases for indoor and outdoor paint. Building materials prices increased 20.3%, year-over-year, and have.

Construction 201

Construction 201

GoForrmz

FEBRUARY 15, 2022

Improve your organization’s communication barriers with these collaboration tools Collaboration between departments can be a challenge if your organization is not equipped with the necessary tools to be successful. Workflow automation tools such as digital form software and project management tools empower your team to work together. When it comes to team communication, your organization needs digital form software with collaboration features that are easy to use and adaptable.

Business 137

Business Project Management Tools 137

Appraisal Buzz

FEBRUARY 15, 2022

Mortgage credit availability decreased in January according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The MCAI fell by 0.9% to 124.8 in January. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

Lending 195

Lending Technology Mortgage Appraisal 195

Mashvisor

FEBRUARY 15, 2022

IIf you are planning to invest in vacation rentals, one of the most important factors that you should consider when deciding which areas to invest in is the Airbnb daily…

Investing 69

Investing Investors Real Estate 69

Appraisal Buzz

FEBRUARY 15, 2022

Every Sunday evening at 8 pm I get a notification on my phone that says “Don’t forget your big 3!” What are the big 3? The big 3 are weekly … Read More. The post Baby Steps appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Eppraisal

FEBRUARY 15, 2022

Purchasing the first house is a watershed moment in the lives of young couples and individuals. Representing the promise of a happy future, the first home has a way of eclipsing all of the expense and headaches that come with ownership. In fact, the excitement makes it easy to forget that -- even with home financing -- there will be monies owed at settlement time.

Sellers 69

Sellers Home Value Finance Buyers 69

Appraisal Buzz

FEBRUARY 15, 2022

San Diego recently surpassed San Francisco as the nation’s least affordable metro area, as home prices rose 14.3% year-over-year. The latest OJO Labs unaffordability report showed San Diego bypass both San Francisco and Los Angeles to become the nation’s least affordable metro by comparing median home prices to local household incomes. The median home price sold in San … The post Green Bay-Appleton, Wisconsin Named Most Affordable Area appeared first on DSNews.

Appraisal 195

Appraisal 195

Mashvisor

FEBRUARY 15, 2022

While many rental property owners felt a decline in average Airbnb occupancy rate due to the ongoing pandemic, the Florida real estate market continues to provide investors with a thriving…

Investors 68

Investors Real Estate Marketing Investing 68

Appraisal Buzz

FEBRUARY 15, 2022

San Diego recently surpassed San Francisco as the nation’s least affordable metro area, as home prices rose 14.3% year-over-year. The latest OJO Labs unaffordability report showed San Diego bypass both San Francisco and Los Angeles to become the nation’s least affordable metro by comparing median home prices to local household incomes. The median home price sold in San … The post Green Bay-Appleton, Wisconsin Named Most Affordable Metro appeared first on DSNews.

Appraisal 195

Appraisal 195

Mashvisor

FEBRUARY 15, 2022

Are you interested in making money in real estate? If you are, you’ve probably been brushed up your knowledge of making profitable real estate investments.

Real Estate 69

Real Estate Investing Investors Marketing 69

Appraisal Buzz

FEBRUARY 15, 2022

The buzzword for the real estate industry might be “Location, Location, Location,” but to help prevent and mitigate a potential Errors & Omission claim, the motto should be: “Document, Document, Document!”. If followed religiously without fail, this motto can save real estate appraisers from a day in court. Operating policies and procedures that are well-documented, communicated to your staff, and adhered to consistently on a day-in day-out basis will go a.

Real Estate 195

Real Estate Appraisal 195

Cornerstone

FEBRUARY 15, 2022

Reading Time: 4 minutes. When the pandemic first hit in early 2020, mortgage forbearance plans were announced, allowing homeowners in crisis to temporarily stop payments. There were analysts who expressed concern that once forbearance plans expired, the real estate market could see a foreclosure surge, similar to what followed the housing bubble 15 years prior.

Loan Officers 59

Loan Officers Housing Market Inventory Mortgage 59

Appraisal Buzz

FEBRUARY 15, 2022

The sheriff, process server, or maybe the mail carrier with a certified letter has just exited your office, leaving you with a thick sheaf of papers labeled: ABC Bank vs. Mary Q. Appraiser. What do you do next? First, let’s talk about what you should not do: 1. Don’t stuff the envelope in a drawer and hope that it goes away. It won’t. There is a time frame for responding to.

Appraisal 150

Appraisal 150

BiggerPockets

FEBRUARY 15, 2022

Lease renewal rates in the U.S. have been climbing steadily over the past decade, reaching record highs in 2020 as many renters were unable or unwilling to relocate due to the pandemic. If you are struggling to secure lease renewals at your rental property or are looking to up your renewal rate metrics, here are some tips to consider.

Property Management 61

Property Management Tenants Landlords Real Estate 61

Appraisal Buzz

FEBRUARY 15, 2022

Differences of opinion. Disagreements. Mediation. Lawsuits. Litigation. Even if you are vigilant in taking all of the necessary precautions to manage your risk of being sued, sometimes events and circumstances are aligned in such a way that a claim or lawsuit is unavoidable. . What are the current trends we are seeing in claims filed against appraisers?

Appraisal 195

Appraisal 195

BiggerPockets

FEBRUARY 15, 2022

Pretty much all current real estate investors wish they started earlier. But young people often don't think it's possible. Can you really buy an investment property before turning 21? Yes! Here's how a teenager can set themselves up for success in four simple steps.

Real Estate 58

Real Estate Investing Investors 58

Appraisal Buzz

FEBRUARY 15, 2022

Author’s Note: This article is written to help real estate appraisers better understand errors and omissions insurance. It should not be used as a substitute for reading the particular provisions of their policy. Claims made coverage. Prior acts coverage. Retroactive dates. Minimum earned premium. A.M. Best Ratings. And so on … The technical jargon of the insurance industry can be confusing to lay people.

Insurance 150

Insurance Real Estate Appraisal 150

Mortgagebroker News

FEBRUARY 15, 2022

A focus on problem-solving and structuring deals is essential, according to an Ottawa-based agent

Agents 69

Agents Mortgage 69

Appraisal Buzz

FEBRUARY 15, 2022

On Wednesday, the Five Star Institute presents its webinar focused on how the “human touch” in the forbearance process can promote customer loyalty for life. The post Last Chance … Webinar on Taking an Empathetic Approach to Forbearance appeared first on DSNews. The post Last Chance … Webinar on Taking an Empathetic Approach to Forbearance appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Mortgagebroker News

FEBRUARY 15, 2022

A sharp increase in interest rates might have highly undesirable effects on other sectors of Canadian activity

Housing Market 67

Housing Market Marketing 67

Clear Capital

FEBRUARY 15, 2022

Story by Valuation Review. Fannie Mae’s recent announcement pertaining to a desktop appraisal option will have significant impact within the. appraisal arena. This method is for certain loans submitted after March 19 of this year. “This is certainly one of the biggest changes to appraisal policy in years, and it represents a great opportunity for appraisers, lenders and borrowers,” Clear Capital Executive Vice President of Corporate Strategy Kenon Chen told Valuation Review.

Valuation Review 36

Valuation Review Valuation Inspection Appraisal 36

Mortgagebroker News

FEBRUARY 15, 2022

Canadians aged 65 or older are projected to represent 23% of the total population by 2030

Mortgage 67

Mortgage 67

Housing Wire

FEBRUARY 15, 2022

The U.S. Securities and Exchange Commission uncovered a total of 487 instances over the past six years in which the nation’s SEC-registered credit-rating agencies were deemed by agency staff to be in non-compliance with federal securities laws or related SEC rules, a recent SEC staff report reveals. The bulk of the violations, which were uncovered during mandated annual SEC examinations, fell into three categories as follows: internal supervisory controls, 42.3%; adherence to internal policy, pr

Law 370

Law Mortgage Marketing Design 370

Mortgagebroker News

FEBRUARY 15, 2022

On a nationwide basis, confidence towards housing and the economy remains steady

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Housing Wire

FEBRUARY 15, 2022

Fannie Mae reported its overall net income increased in 2021 to $22.2 billion, an increase of $10.4 billion compared to 2020, largely due to the growth of its single-family business. Net revenue increased $4.6 billion to $29.9 billion in 2021, mostly driven by higher guaranty fee income, including that generated by the 50 basis point adverse market fee on most agency refinances.

Finance 383

Finance Business Housing Market Technology 383

Mortgagebroker News

FEBRUARY 15, 2022

The pandemic has accelerated the urban exodus away from the city towards other parts of Ontario

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McKissock

FEBRUARY 15, 2022

In May 1996, I received the very first copy distributed to the public of The American National Standards Institute, Inc.’s, American National Standard for Single-Family Residential Buildings, SQUARE FOOTAGE-METHOD FOR CALCULATING: ANSI Z765. Now, 26 years later, Fannie Mae has announced that appraisers will be required to comply with ANSI Z765 as of April 1, 2022.

Appraisal 87

Appraisal Bracketing Training Development 87

Mortgagebroker News

FEBRUARY 15, 2022

Employees are the largest source of threats, either intentionally or by accident

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Eyes on Housing

FEBRUARY 15, 2022

For 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 1,111,414. On a year-over-year (YoY) basis, this is a 13.7% increase over the December 2020 level of 977,863. Year-to-date ending in December, single-family permits increased in all four regions. The Northeast region reported the strongest increase of 15.9%, followed by the South (+15.2%), the Midwest (+11.2%), and.

Construction 184

Construction Marketing 184