Housing Wire
FEBRUARY 23, 2022
Mortgage applications decreased 13.1% for the week ending Feb. 18 to the lowest level since December 2019, as mortgage rates eclipsed the 4% mark. The Mortgage Bankers Association ‘s seasonally adjusted refi index fell 15.6% from the previous week, bringing its share of total applications to almost equal the purchases share at 50%. Meanwhile, the purchase index dropped 10.1%, falling again for the third straight week.
Appraisal Buzz
FEBRUARY 23, 2022
PERSON OF THE WEEK: With home prices reaching record highs in the first quarter of 2022, U.S. homeowners have realized significant home equity gains. Now, community lenders need to stand ready to help homeowners tap into that equity to help them meet their future needs. But just how big is the opportunity for community lenders offering home equity loans?
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Housing Wire
FEBRUARY 23, 2022
Offerpad CEO Brian Bair. Get out the streamers and kazoos and start preparing the hors d’oeuvres – an iBuying company has reported a year’s worth of profitability. Offerpad Solutions generated $6.5 million for the year 2021, company CEO, chairman and founder Brian Bair reported on an earnings call Thursday, a turnaround from the Chandler, Arizona-based company losing $23.1 million in 2020.
Appraisal Buzz
FEBRUARY 23, 2022
S&P Dow Jones Indices (S&P DJI) has released the latest results for the S&P CoreLogic Case-Shiller Indices for December 2021, showing that home prices continue to increase across the nation. Before seasonal adjustment, the U.S. National Index posted a 0.9% month-over-month increase in December, while the 10-City and 20-City Composites both posted increases of 1.0% and 1.1%, respectively.
George Dell
FEBRUARY 23, 2022
The 1004MC “market conditions” appraisal addendum was created by Fannie Mae and Freddie Mac to require a form-based market analysis. This added to the traditional practice to collect a handful of ‘comps’ to opine and foretell market price. There are problems and unintended consequences. The ANSI requirement is that residential appraisers measure houses according to […].
Appraisal Buzz
FEBRUARY 23, 2022
Most mortgage lenders are looking for ways to automate their operations to cut costs, maintain profitability and effectively manage their compliance and reporting to various agencies (e.g., HMDA reporting). Loan origination software automates mortgage processes, providing several benefits: greater efficiency, more seamless operations, reduced staff hours and monetary costs, and fewer errors.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
FEBRUARY 23, 2022
Annual data for 2021 shows a national average delinquency rate of 5.9%, down 0.4% from the year prior, according to CoreLogic ’s Real Estate Property Tax Delinquency Report, which analyzes real estate property tax delinquency changes nationally and at state levels. “Homeowners in financial distress are more likely to be late on their property tax payment,” says Dr.
GoForrmz
FEBRUARY 23, 2022
Level up your mobile forms with these GoFormz features Paper forms can cause significant administrative burdens for your team. Oftentimes, you will be faced with messy and inaccurate forms that cause project delays, unhappy customers, and disgruntled employees. Changing your reporting processes from manual data capture to digital forms can appear to be a time-consuming task.
Appraisal Buzz
FEBRUARY 23, 2022
3,533 people responded to a 15-minute survey from Fannie Mae in November and December 2020 about the National Flood Insurance Program (NFIP) to better understand consumer awareness, understanding, and attitudes toward flood risk, flood insurance, and related resources. Respondents were selected for the survey based on where they lived in and around a flood zone … The post Fannie Mae Finds Opportunity to Raise Consumer Awareness About Floods appeared first on DSNews.
Mashvisor
FEBRUARY 23, 2022
When it first appeared, Airbnb was an innovative business model that disrupted the entire hotel industry in the years to come. It prompted questions such as “What is Airbnb?
Appraisal Buzz
FEBRUARY 23, 2022
Mortgage applications decreased 13.1% from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending February 18, 2022. On an unadjusted basis, the Market Composite Index decreased 11% compared with the previous week. The Refinance Index decreased 16% from the previous week and was 56% lower than the same week one year ago.
Mashvisor
FEBRUARY 23, 2022
We listed the top 10 Florida Airbnb demand by city to help you find out where people are traveling. Investing in the real estate world can be complicated.
Appraisal Buzz
FEBRUARY 23, 2022
Despite the overall national forbearance rate nearing the 1% mark, the rate of forbearance exits reached another low since MBA began tracking exits in June 2020. The post Pace of Forbearance Exits Reaches New Low in January appeared first on DSNews. The post Pace of Forbearance Exits Reaches New Low in January appeared first on Appraisal Buzz.
East Coast Appraisal
FEBRUARY 23, 2022
A commercial property appraisal has numerous benefits to all players in the real estate industry. Property owners, sellers, renters, buyers, and even mortgage companies can all benefit from commercial property appraisals. Below are some reasons to commission commercial property appraisals. Property Purchase or Sale. ?. An appraisal can help you set the appropriate listing price if you want to sell your property.
Appraisal Buzz
FEBRUARY 23, 2022
Today’s Buzzcast interview is with Karen Connolly, VP of Operations at the Collateral Risk Network, LLC. We sat down with Karen and Jim Morrison, VP of Marketing and Sales for Allterra Group, LLC to discuss the upcoming CRN events being held within the next few months and what the CRN has in store for the new year. When is the first quarter event being held?
Mortgagebroker News
FEBRUARY 23, 2022
A new survey shows that a significant number of pandemic-era buyers are keeping their starter home rather than selling
Appraisal Buzz
FEBRUARY 23, 2022
The U.S. homeownership rate climbed to 65.5% in 2020, up 1.3% from 2019 and the largest annual increase on record. More Americans are likely to own a home now than during any year following the Great Recession (65.4% homeownership rate in 2010); however, Black Americans continue to face significant obstacles along the path to homeownership, according to the National Association of Realtors.
Mashvisor
FEBRUARY 23, 2022
In this article, we will find out how accurate is AirDNA, explore its tools, and compare its features to Mashvisor.
Appraisal Buzz
FEBRUARY 23, 2022
According to new data from Realtor.com’s Monthly Rental Report, new data shows housing affordability issues are continuing to rise across the biggest U.S. markets. In January, the U.S. median rental price increased by double-digits for the eighth straight month, up 19.8% year-over-year. On average, the monthly cost of buying was 24.8% higher than the cost … The post Renting More Affordable in Over Half of Largest U.S.
BiggerPockets
FEBRUARY 23, 2022
Section 8 BRRRR investing seems like a niche within a niche. To start, you have your classic BRRRR strategy (buy, rehab, rent, refinance repeat), a method that many real estate […].
Appraisal Buzz
FEBRUARY 23, 2022
This content is password protected. To view it please enter your password below: Password: The post Protected: Mark Verrett Named Chief Executive Officer of Accurity Consolidated appeared first on Appraisal Buzz.
Mortgagebroker News
FEBRUARY 23, 2022
Activity to date in this year's first quarter "feels like 2021," according to Toronto broker
Lamacchia Realty
FEBRUARY 23, 2022
ESSENTIAL POOL MAINTENANCE TIPS FOR FLORIDA HOMEOWNERS. Thinking about buying a house with a pool right here in the state of Florida? Well, you are not the only one! Even though Florida has some of the most heavenly beaches in the world, most Floridians prefer having their own peace of heaven. Pools are places where they come to relax, unwind, and of course, cool off from that hot Florida sun.
Mortgagebroker News
FEBRUARY 23, 2022
Construction material costs and supply issues play a major role in current home price dynamics
San Jose Real Estate
FEBRUARY 23, 2022
Los Altos is a scenic town, semi-rural, conveniently located, with notably good schools (Los Altos or Cupertino schools). The charming old style downtown enjoys superior restaurants, shops, and a pleasant place to stroll. The town enjoys a community college and a golf course. Its a great place for pedestrians and cyclists (lots of paths), and […].
Mortgagebroker News
FEBRUARY 23, 2022
Young Ontarians are able to enter into homeownership thanks to support
Housing Wire
FEBRUARY 23, 2022
HousingWire recently spoke with Amanda Phillips, ACES Quality Management’s EVP of Compliance, about the current compliance landscape with CFPB updates and how lenders can ensure they’re compliant with fair lending and fair servicing. HousingWire: How does Fair Lending affect mortgage servicing? Amanda Phillips: The Consumer Financial Protection Bureau (CFPB) has repeatedly signaled throughout the past year via blogs, press releases, reports, its Fall 2021 Supervisory Highlights, and reques
Mortgagebroker News
FEBRUARY 23, 2022
The greatest increases were seen in the nation's largest markets
Housing Wire
FEBRUARY 23, 2022
CFPB Director Rohit Chopra. The Consumer Financial Protection Bureau (CFPB) announced Wednesday that it may propose a rule to regulate the use of automated valuation models (AVMs) by lenders and appraisers. The government watchdog is concerned that automated valuation models may reflect bias in design and function. Specifically, the bureau raised the concern that mathematical models may rely on biased data, resulting in inaccurate valuations.
Mortgagebroker News
FEBRUARY 23, 2022
The central bank's next rate decision is just a week away
Appraisal Buzz
FEBRUARY 23, 2022
First American Financial Corp. has released the December 2021 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state and metropolitan area levels. Because the RHPI adjusts for house-buying power, it also serves as a measure of housing affordability.
Appraiserblogs
FEBRUARY 23, 2022
On February 22, 2022, Maxine Waters sent a letter to HUD Secretary Marcia Fudge, TAF, ASC and AI regarding ongoing appraisal bias and discrimination. She is calling on the federal regulators and AI to investigate appraisers’ misconduct and potential illegal discrimination. She will also be introducing legislation to address ongoing discrimination. Maxine Waters’ letter “highlights longstanding racial inequities plaguing America’s home valuation system”.
Housing Wire
FEBRUARY 23, 2022
Discount brokerage REX Homes (Real Estate Exchange, Inc.) filed a motion on Thursday in federal district court in Seattle challenging the legality of the National Association of Realtors’ claims that REX pushes false advertising, which the trade group alleged in a countersuit filed late last month. In the NAR’s filing, the organization alleged that REX makes false and misleading claims to deceive consumers, a violation of the Lanham Act.
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