Housing Wire

AUGUST 30, 2021

The Sunshine State seems to be getting a lot more foot traffic these days, with the number of homebuyers moving to Miami tripling year-over-year, a new analysis found. According to Redfin ’s monthly migration report, July saw the net inflow of Redfin users packing their bags and moving to Miami rise to 7,610, up from 2,216 last year. Milagros Alvarez, a Miami real estate agent at Redfin, said that the pandemic “has brought even more out-of-towners to the area” because so many people can no

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Real Estate Real Estate Agent Finance Agents 545

Appraisal Buzz

AUGUST 30, 2021

In today’s Buzzcast, we dive into the Business-Building Workshop, “Marketing through Social Media” being held at Valuation Expo on September 8th. Today we have Blaine Feyen, Owner of Feyen Appraisals, with Joan Trice, Founder of Allterra Group, LLC. Blaine Feyen is the host of this Business – Building Workshop and we’ll be getting the inside scoop while Joan and Blaine discuss how appraisers should be marketing themselves.

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Appraisal Marketing Valuation Business 370

Housing Wire

AUGUST 30, 2021

Cadence Bancorporation , parent of Cadence Bank, reached separate settlements with the Department of Justice and the Treasury Department’s Office of the Comptroller of the Currency totaling over $8.5 million for redlining practices, according to the federal government. The DOJ alleged that between 2013 to 2017, the bank violated the Fair Housing Act and the Equal Credit Opportunity Act “by avoiding predominantly Black and Hispanic neighborhoods [in the Houston, metro area] because of the r

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Appraisal Buzz

AUGUST 30, 2021

You say you care about collateral valuation, you are aware of the plight of professional fee appraisers in a world that seems to be losing sight of their value, you understand the lender drive to reduce risk in their transactions. Sounds like you’ve set the stage for a very productive conversation. Well, at least the figurative table has been set, now if we can just get everyone to take their seats.

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Modernization Valuation Real Estate Appraisal 343

Housing Wire

AUGUST 30, 2021

The number of loans in forbearance stood unchanged from last week at 3.25% for the week ending on Aug. 22. According to the latest report from the Mortgage Bankers Association , 1.6 million homeowners are in forbearance plans. The share of Fannie Mae and Freddie Mac loans in forbearance remained the same, at 1.66%. The share of Ginnie Mae loans with paused payments also saw no change at 3.92%, but the share of portfolio loans and private-label securities in forbearance increased slightly from 7.

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Appraisal Buzz

AUGUST 30, 2021

Susan Connally has joined the Oakleaf Group as managing director of mortgage servicing solutions. Oakleaf is a provider of mortgage loan due diligence, data analytics, financial modeling, and advisory services for the mortgage and financial services industries. Prior to joining Oakleaf, Connally served as vice president of servicing oversight at Clayton Services.

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Appraisal Buzz

AUGUST 30, 2021

BLOG VIEW: As with other sectors within the U.S. economy, the mortgage industry has accelerated its investment in – and adoption of – digital technologies in response to the COVID-19 pandemic. With mandates and restrictions in place, mortgage lenders have been tasked with finding ways to continue operating profitably with a newly distributed workforce.

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Housing Wire

AUGUST 30, 2021

The financial planning community is often sought after by reverse mortgage professionals as a referral source, as planners can help provide necessary clarity to their clients who are seeking the preservation of financial assets and continuing stability. This is especially true for those who may be living on a fixed income, and is coupled with the general lack of awareness of — or even outright hostility towards — reverse mortgages that many people maintain.

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Appraisal Buzz

AUGUST 30, 2021

Pending home sales decreased 1.8% on an adjusted basis in July compared with June and were down 8.5% compared with July 2020, according to the National Association of Realtors (NAR). It was the second consecutive month that pending home sales decreased. Regionally, and month-over-month, pending home sales fell 6.6% in the Northeast, 3.3% in the Midwest, and 0.9% in the South.

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Eyes on Housing

AUGUST 30, 2021

A majority of new homes that completed construction in 2020 included two-car garages (67%), according to NAHB analysis of 2020 Census Bureau Survey of Construction data. There is clear uniformity for parking options in new homes completed across the Census divisions: the 2-car garage was the most popular parking option for completed homes in all divisions.

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Construction 170

Appraisal Buzz

AUGUST 30, 2021

CoreLogic ’s Investor Homebuying report highlights home U.S. purchase trends between 2011 and 2020. In the report, CoreLogic investigates activity nationally by both price tier and investor size and looks at which regions have had the most and least activity. A decade ago, there was a flurry of home purchase activity following the 2006 housing market crash as investors began capitalizing on low-cost, high-growth properties.

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Marketing Investors Housing Market Appraisal 195

Urban

AUGUST 30, 2021

Expanding state and local protections and accelerating emergency rental assistance is critical to keeping renters in their homes.

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Appraisal Buzz

AUGUST 30, 2021

As inventory slowly increases house hunters should begin to see more options in the coming months, economists report. The post Pending Home Sales Dip, Supply Still Short appeared first on theMReport.com. The post Pending Home Sales Dip, Supply Still Short appeared first on Appraisal Buzz.

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Inventory Appraisal 195

Valuation Review

AUGUST 30, 2021

In his article “Appraisal Gap Increases in ‘Hot’ Markets,” CoreLogic Chief Appraiser Shawn Telford discussed the appraiser’s need to account for data lags in the rapidly changing housing markets. Stories of bidding wars and homes selling faster than one thought possible continue to dominate the market news. Read on for more from the veteran appraiser.

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Appraisal Buzz

AUGUST 30, 2021

As many approach the 18-month mark since entering a forbearance plan, the share of forbearance loan volume levelled off this week, as the pace of entries and exits slowed to a near halt. The post Forbearance Volume Remains Unchanged appeared first on DSNews. The post Forbearance Volume Remains Unchanged appeared first on Appraisal Buzz.

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Appraisal 195

BiggerPockets

AUGUST 30, 2021

There’s more to winning a bidding war than crushing other investors with your bank account until the home seller caves to your offer. Armed with knowledge, you’ll be the victor in the battle to buy a property. without paying more than you should.

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Appraisal Buzz

AUGUST 30, 2021

Also, supply remains short, competition continues, and steep prices have translated into a wealth gain of $45,000 for a typical homeowner. The post Housing Report Suggests ‘Somewhat Calmer Market’ appeared first on DSNews. The post Housing Report Suggests ‘Somewhat Calmer Market’ appeared first on Appraisal Buzz.

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Marketing Appraisal 195

Clear Capital

AUGUST 30, 2021

Company recognized for innovation in global real estate technology industry. RENO, Nev. — August 30, 2021 —. Clear Capital , a real estate valuation and analytics fintech leader, today announced that its ClearInsight app was named “Property Valuation Tool of the Year” in the inaugural 2021 PropTech Breakthrough Awards. PropTech Breakthrough is a leading independent market intelligence organization that evaluates and recognizes standout real estate technology companies, products, and services aro

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Appraisal Buzz

AUGUST 30, 2021

Both Fannie Mae and Freddie Mac (the GSEs) have told their borrowers and mortgage servicers that they are offering immediate relief options to those affected by Hurricane Ida. The assistance is available to homeowners financed by either GSE whose homes or places of employment located in presidentially-declared Major Disaster Areas. These are localities where federal individual-assistance programs are available to affected individuals and households.

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Valuation Review

AUGUST 30, 2021

The CoreLogic Loan Performance Insights Report updated its analysis through May 2021. The nation’s overall delinquency rate for May was 4.7 percent. Read on for more information.

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Appraisal Buzz

AUGUST 30, 2021

Weather and property-data analysts are examining implications for borrowers, insurers, servicers, and government agencies in the affected areas. The post Hurricane Ida Places Almost 950k Homes at Risk appeared first on DSNews. The post Hurricane Ida Places Almost 950k Homes at Risk appeared first on Appraisal Buzz.

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Mashvisor

AUGUST 30, 2021

While real estate websites like Mashvisor have made it easier than ever for beginner real estate investors to find potential income properties online, they still have to navigate a sea…

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Appraisal Buzz

AUGUST 30, 2021

The merger brings the Pacific Northwest division’s staff to about 150 members, say company execs, allowing it to deploy more resources to potential homeowners. The post Churchill Acquires Team Canales appeared first on theMReport.com. The post Churchill Acquires Team Canales appeared first on Appraisal Buzz.

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Appraisal 150

Raleigh Realty

AUGUST 30, 2021

Things You Should Be Doing When Selling Your Home Wondering what you should be doing to get your home list-ready? Follow this checklist to guide your through the process Are you considering selling your home, but maybe don’t know where to start? Should you hire a realtor or sell it on your own? What updates can you complete on your home to make it more marketable?

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Real Estate Agent Realtors Buyers Real Estate 60

Appraisal Buzz

AUGUST 30, 2021

Rep. Maxine Waters outlines her plan to bring emergency rental assistance to those impacted by the Supreme Court’s decision last week to block the extension of the eviction moratoria. The post Waters’ Plea to Congress for Emergency Rental Assistance Reform appeared first on DSNews. The post Waters’ Plea to Congress for Emergency Rental Assistance Reform appeared first on Appraisal Buzz.

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Appraisal 150

Valuation Review

AUGUST 30, 2021

Black Knight, Inc., has integrated several of its products into its Servicing Digital solution, enhancing its abilities to give customized information to its customers about their homes and mortgages and providing a variety of self-service capabilities. These additions include the company’s loss mitigation, automated valuation model, and product, pricing, and eligibility solutions.

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Appraisal Buzz

AUGUST 30, 2021

Despite climate risk, more and more are flocking to Miami as the Sunshine State tops the list of popular migration destinations. The post More and More Flocking to the Sunshine State appeared first on theMReport.com. The post More and More Flocking to the Sunshine State appeared first on Appraisal Buzz.

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Appraisal 195

Valuation Review

AUGUST 30, 2021

The Department of Justice recently announced that Hampton Corporation Inc. and several related individuals and entities have agreed to settle a federal lawsuit. The suit alleges a violation of the Fair Housing Act and Americans with Disabilities Act was committed by failing to design and construct apartment complexes and a rental office in North Dakota accessible to people with disabilities.

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BiggerPockets

AUGUST 30, 2021

Turnkey properties are more expensive, but when done right, they can also earn you a significant amount of passive income and save you a lot of stress in the long run.

Real Estate 72

Real Estate 72

Valuation Review

AUGUST 30, 2021

ValueLink Software has partnered with real estate valuation and analytics fintech company Clear Capital to enable its users to order Clear Capital's suite of valuation products. This includes the ordering of hybrid and desktop products.

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Valuation Real Estate 60

Mortgagebroker News

AUGUST 30, 2021

Ownership is an ever-distant dream for a significant number of Canadians, industry observer says

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Valuation Review

AUGUST 30, 2021

Veteran appraiser Matt Simmons, of Maxwell, Hendry & Simmons, offers more insight to Valuation Review. In our conclusionary talk with Simmons, he discusses what can transpire for appraisers looking to be sole proprietors of “one-man” shops, as well as other items of interest. Read on for more.

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Mortgagebroker News

AUGUST 30, 2021

Broker says this advice should be top of mind for all mortgage professionals

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Valuation Nation

AUGUST 30, 2021

08/30/2021. As real estate appraisers we can have some tough assignments. It can be a tough job, that if you practice ethically, can take a toll on you. Folks are often upset, with compliments coming few and far between most especially in mortgage use transactions. With that in mind, I wanted to start sharing some stories, some from me and hopefully, many from you, my readers that showcase some of the positives that we see and participate in as real property valuers.

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