Housing Wire

APRIL 7, 2022

Better.com CEO Vishal Garg. After becoming the poster child for callous mass layoffs, mortgage originator Better.com has adopted a new approach to reducing its workforce: the company is now asking staff if they want to leave voluntarily with benefits. The New-York based lender, which has laid off 4,000 workers since December, launched a voluntary separation program, with a two-month severance payment and health insurance for those who leave their jobs, according to an email sent on Wednesday aft

Business 394

Business Mortgage Insurance Investors 394

Appraisal Buzz

APRIL 7, 2022

Mortgage credit availability decreased in March 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 0.7% to 125.1 in March. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

Mortgage 221

Mortgage Lending Technology Appraisal 221

Housing Wire

APRIL 7, 2022

Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation , the war in Ukraine, and disruptions to the supply chain. And bad news for homebuyers: there’s no sign that they’ll fall anytime soon. The latest weekly Freddie Mac PMMS mortgage survey, released Thursday, showed that the average purchase mortgage rate touched 4.72%, up five basis points from the week prior.

Mortgage 383

Mortgage Supply Chain Inventory Investors 383

Appraisal Buzz

APRIL 7, 2022

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 4.72% with an average 0.8 point for the week ending April 7, 2022, up from last week when it averaged 4.67%. A year ago at this time, the 30-year FRM averaged 3.13%. “Mortgage rates have increased 1.5 percentage points over the last three months alone, the fastest three-month rise since May of 1994,”.

Mortgage 195

Mortgage Appraisal Marketing 195

Housing Wire

APRIL 7, 2022

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. Blend Labs CEO Nima Ghamsari is a betting man. In his early 20s, he bet that online poker could cover his tuition at Stanford and then some. He was right. In 2008, as the financial crisis was unfolding, he landed a job at secretive big data startup Palantir , where he learned that the $10 trillion mortgage industry was still in the Stone Age technologically.

Mortgage 378

Mortgage Technology Clients Insurance 378

Appraisal Buzz

APRIL 7, 2022

It is no secret that the COVID-19 pandemic affected nearly every facet of the economy and the people that live in it. But the pandemic didn’t affect everyone equally—Americans of color, most notably Black Americans, have been disproportionately affected by the pandemic which exacerbated racial income and wealth inequality among those in that group. Black … The post Black Americans Comprise Just 10% of Owner-Occupied Homes Nationwide appeared first on DSNews.

Appraisal 195

Appraisal 195

Appraisal Buzz

APRIL 7, 2022

The Federal Housing Finance Agency (FHFA) has published a notice that Fannie Mae and Freddie Mac (the Enterprises) will require servicers to suspend foreclosure activities for up to 60 days if the servicer has been notified that a borrower has applied for assistance under the Department of the Treasury’s Homeowner Assistance Fund (HAF). . “FHFA is committed to sustainable homeownership,” comments FHFA Acting Director Sandra L.

Finance 195

Finance Appraisal 195

Housing Wire

APRIL 7, 2022

Remote Online Notarization is a hot topic in the real estate title industry for good reason. An ALTA Vendor Survey showed that RON transactions increased by 547% from 2019 to 2020. While the pandemic thrust RON into the mainstream of the industry, many are still wondering how the technology can benefit them and the closing process going forward. Even those who want to buy in are wondering where to start.

Law 365

Law Technology Insurance Agents 365

Appraisal Buzz

APRIL 7, 2022

Opteon is looking for certified residential and commercial appraisers to join our team. In this fast-paced, deadline-driven industry, we empower our appraisers to work smarter, not harder. With a team behind you to support and guide you, you’ll have the free time to pick up a hobby in no time. By empowering appraisers in the field, Opteon has trimmed down the average turn time in Australia and New Zealand from 12 days to 2 days.

Appraisal 195

Appraisal Technology Business 195

Housing Wire

APRIL 7, 2022

Mortgage credit availability dropped in March, a sign that lenders tightened credit standards amid insufficient inventory of homes for sale and rising mortgage rates. The monthly Mortgage Credit Availability Index fell by 0.7% to 125.1 last month, according to the Mortgage Bankers Association. A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit.

Mortgage 362

Mortgage Government Inventory Lending 362

Appraisal Buzz

APRIL 7, 2022

John Lawrence of Selene Finance sat down with DS News to discuss the priorities of mortgage servicers on the other side of COVID-19. The post Getting Borrowers Back on the Road to Recovery appeared first on DSNews. The post Getting Borrowers Back on the Road to Recovery appeared first on Appraisal Buzz.

Finance 150

Finance Appraisal Mortgage 150

Eyes on Housing

APRIL 7, 2022

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.1% in February after an increase of 1.1% in January. Spending stood at a seasonally adjusted annual rate of $850.6 billion. Total private residential construction spending was 16.6% higher than a year ago. These monthly gains are attributed to the strong growth of spending on.

Construction 168

Construction 168

Appraisal Buzz

APRIL 7, 2022

Sandra L. Thompson, Acting Director of the FHFA, speaks with DS News about her goals and priorities for the Agency and her vision for the future of the GSEs. The post Working Toward Equity and Sustainability appeared first on DSNews. The post Working Toward Equity and Sustainability appeared first on Appraisal Buzz.

Appraisal 150

Appraisal 150

Mashvisor

APRIL 7, 2022

What does Airbnb stand for? “Airbnb” is a term that you will come across often if you’re planning a trip or looking into real estate investing.

Real Estate 68

Real Estate Investing Investors 68

Appraisal Buzz

APRIL 7, 2022

New announcement will require servicers with GSE-backed mortgages backed to delay the foreclosure process for up to 60 days. The post FHFA Suspends Foreclosures on Borrowers Who Applied for HAF Assistance appeared first on DSNews. The post FHFA Suspends Foreclosures on Borrowers Who Applied for HAF Assistance appeared first on Appraisal Buzz.

Appraisal 195

Appraisal Mortgage 195

BiggerPockets

APRIL 7, 2022

Renting vs. buying a home, debt payoff, and the best investments of 2022 are just a few of the topics discussed in this week’s Finance FAQs. That’s right, we’re here […].

Finance 54

Finance Real Estate Investing 54

Mortgagebroker News

APRIL 7, 2022

The current government is likely to be in office until 2025, with an ambitious housing plan in the works

Government 64

Government Housing Market Marketing 64

Mashvisor

APRIL 7, 2022

Like other real estate apps, MyHouseDeals offers an array of different services that could help investors find a good deal.

Real Estate 36

Real Estate Investors Tools Buyers 36

Mortgagebroker News

APRIL 7, 2022

The housing market is expected to be a core focus for the government in today's announcement

Government 65

Government Housing Market Marketing 65

Mashvisor

APRIL 7, 2022

Business-minded individuals make investment decisions to make a profit.

Real Estate 36

Real Estate Investors Investing Business 36

Mortgagebroker News

APRIL 7, 2022

Its impact on current market conditions is likely to be immediate and significant

Marketing 62

Marketing 62

Appraisal Buzz

APRIL 7, 2022

In 79% of counties nationwide, median-priced single-family homes were found to be less affordable in Q1 compared to historical averages, according to the Q1 2022 U.S. Home Affordability Report released by ATTOM. This is up from 38% of counties that were historically less affordable in Q1 of 2021 — the highest point since mid-2008 — … The post Home Prices Up Again in 66% of U.S. appeared first on DSNews.

Appraisal 195

Appraisal 195

Mortgagebroker News

APRIL 7, 2022

Winners recognised for taking steps to directly apply employee feedback

Mortgage 61

Mortgage 61

Property Metrics

APRIL 7, 2022

The yield on cost is a commonly used metric when evaluating real estate development and value-add projects. It is easy to calculate and is useful as a back of the envelope calculation. In this article we’ll take a closer look at the yield on cost in real estate. Here’s what you’ll learn: What is the Yield on Cost? Yield on Cost Formula How to Calculate Yield on Cost Yield on Cost Calculation: Development Example Yield on Cost Calculation: Value Add Example Yield on Cost for Specific Value Add Pr

Renovations 41

Renovations Development Real Estate Tenants 41

Mortgagebroker News

APRIL 7, 2022

A new integrated platform is scheduled to begin operations this summer

Housing Market 61

Housing Market Marketing 61

Lamacchia Realty

APRIL 7, 2022

The Lamacchia Realty 25 Hottest Towns report is in! We look at every town in Massachusetts and take the Top 25 with the most growth in the number of sales when compared to last year. To make this list there has to be a minimum of 200 sales in 2021 including single families, condos, and multi-families. We also look at the median prices of each town. 8 out of 10 of this year’s towns are based in the eastern side of the state, which reflects a change in the narrative.

Realty 62

Realty Marketing Agents 62

Mortgagebroker News

APRIL 7, 2022

The project represents a major boost to the province’s supply of affordable homes

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GoForrmz

APRIL 7, 2022

Elevate Business Intelligence (BI) with effective data management using GoFormz Enterprise businesses are seen as global leaders in their respective industries – paving the way for how future organizations will make more-informed business decisions. Having highly accurate data is seen as a corporate asset, critical for making effective business decisions, and the only way to do this is through powerful data management tools, like GoFormz.

Business 78

Business Tools Government 78

Mortgagebroker News

APRIL 7, 2022

Twenty-eight companies have successfully helped their employees navigate a competitive industry landscape

Mortgage 50

Mortgage 50

Mortgagebroker News

APRIL 7, 2022

"Listen and listen carefully to anyone in the industry – and, of course, clients"

Clients 51

Clients 51

Mortgagebroker News

APRIL 7, 2022

Brokers, it's time to rate your lenders

Mortgage 59

Mortgage 59