Housing Wire

MAY 10, 2021

The key to the U.S. getting back on track economically is for its citizens to freely walk the earth again without the existential threat of COVID-19. The U.S. is getting closer and closer to meeting that goal, while other countries are still trying to control the virus. Before the successful vaccination program, I targeted Aug. 31, 2021, as the launching point for when we can fully achieve this, with the mindset that all jobs lost to COVID would be back online by September 2022 or earlier.

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Real Estate 539

Appraisal Buzz

MAY 10, 2021

Appraisers are paid for their opinion. Their opinions are one of the most important parts of the mortgage industry. Yet, we see a lot of you like to give your opinions away for free! Because of that, we’ve modified the Appraisal Buzz website to give appraisers a playground for open discussion. If you haven’t had a chance yet to check it out, take some time to hit us with your opinions in the Appraisal Buzz forum.

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Housing Wire

MAY 10, 2021

The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. HousingWire sat down with Realtor.com CEO David Doctorow to learn how agents and brokers can alleviate some of the frustrations their clients are facing. HousingWire: What are some common consumer pain points in the home buying and selling process?

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Real Estate Agent Real Estate Agents Marketing 437

Appraisal Buzz

MAY 10, 2021

While about 2.2 million homeowners are in forbearance plans, inflow numbers are slow, and the decline in overall forbearance activity has quickened. The post Report Reflects Steady, Low Level of Forbearance Requests appeared first on DSNews. The post Report Reflects Steady, Low Level of Forbearance Requests appeared first on Appraisal Buzz.

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Appraisal 362

Housing Wire

MAY 10, 2021

In 2013, George Ralph Elliott applied to refinance his Ohio home ahead of a separation from his fourth wife, claiming both his monthly rental income and the spousal support he would soon receive. He didn’t know it at the time, but Elliott’s application would later test a relatively obscure banking law — the CFPB’s Ability To Repay rule — and strike fear into the hearts of mortgage industry executives across the country. .

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Real Estate Agent Law Realtors Real Estate 407

Appraisal Buzz

MAY 10, 2021

The share of mortgages in COVID-19-related forbearance plans continued to fall during the week ended May 2, dropping to 4.36% of servicers’ portfolio volume, down from 4.47% the previous week, according to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey. The 11-basis-point-drop was one of the biggest seen so far this spring and can be attributed to a strengthening U.S. economy. “The pace in the declining share of loans in forbearance.

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Appraisal Buzz

MAY 10, 2021

PERSON OF THE WEEK: Mortgage LO compensation has become an increasingly complex part of the business due to regulation. As a result, more mortgage lenders today are relying on software to automate LO compensation, making the process faster and more efficient. One advantage of automating LO comp via software is that it can enable lenders to change their compensation models quickly in response to new regulations or even changing market conditions – such as.

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Housing Wire

MAY 10, 2021

Lending and services platform Finance of America Inc. announced today the launch of Finance of America Home Improvement , a new business division offering non-mortgage financing options, including renovation loans. Finance of America’s new division offers the “Benji” portal, which gives contractors tools to expand their business. Homeowners can also use it to access financing solutions through their contractor.

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Renovations Finance Home Improvement Lending 383

Appraisal Buzz

MAY 10, 2021

Fannie Mae has conducted the National Housing Survey every month since 2011. Among its most prominent questions are those relating to home buying and home selling: is it a good or a bad time to do either one? Last month the net positive responses for the good time to buy category fell into negative territory for the first time. The good time to sell question had plunged into seriously negative territory (-36 percent) in the.

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Appraisal 195

Housing Wire

MAY 10, 2021

Chat with a few real estate agents based in Harrisburg, Pennsylvania — a city ninety minutes from Baltimore and two hours from Philadelphia — and a similar topic will undoubtedly emerge: the capital of the Keystone State has become one of the most popular places to move to in the entire country due to low home prices. So much so, in fact, that Harrisburg is ranked seventh on Realtor.com’ s list of housing markets positioned for the most growth in 2021 — ahead of Denver, Los Angeles, Las Ve

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Appraisal Buzz

MAY 10, 2021

The overall number of new homeowners nationwide will increase by almost 7 million by 2040, but demographics will vary significantly, depending on the state. The post Households of Color Expected to Dominate Homeownership Rate Growth appeared first on DSNews. The post Households of Color Expected to Dominate Homeownership Rate Growth appeared first on Appraisal Buzz.

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Appraisal 195

Eyes on Housing

MAY 10, 2021

An earlier post revealed that 64% of buyers who were actively engaged in the process of finding a home in the first quarter of 2021 have spent upwards of 3 months searching for a home without success. For the second time in this series history, the most common reason long-time searchers haven’t pulled the trigger is not because they can’t.

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Buyers 184

Appraisal Buzz

MAY 10, 2021

Cherry Creek Mortgage recently announced the promotion of Claud Payne to vice president of project management and Reid Nelson to vice president of software development. . Payne introduced project management to Cherry Creek when he joined the company in 2016, creating replicable, company-wide project plans for new business ventures such as PenTrust, Move Up Mortgage, and more recently Bellco Home Loans.

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Project Management Mortgage Technology Development 195

Eyes on Housing

MAY 10, 2021

In the first quarter of 2021, consumer credit increased at a seasonally adjusted annual rate by 5.1%, with revolving debt1 increasing by 2.4% and nonrevolving debt2 increasing by 5.9%. Consumer credit totaled $4.2 trillion on a seasonally adjusted annual basis, with $980 billion comprised of revolving debt and $3.3 trillion in nonrevolving debt. This outstanding level marks a total increase of $54 billion.

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Appraisal Buzz

MAY 10, 2021

While homeowners of color will dominate the growth rate overall, it will look vastly different from one state to another, researchers say. The post Homeownership Among People of Color to Grow Differently Regionally appeared first on theMReport.com. The post Homeownership Among People of Color to Grow Differently Regionally appeared first on Appraisal Buzz.

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Appraisal 195

GoForrmz

MAY 10, 2021

From project creation to budget modifications, learn how the GoFormz and Procore integration can automate and optimize your daily workflows Sign up now for our ‘ 4 Essential GoFormz & Procore Use Cases’ webinar , taking place May 27th, 2021 at 11am PST. Hosted by GoFormz’s General Manager of Construction, Mike Wood, this webinar will feature a live walkthrough of the most popular use cases for the GoFormz and Procore integration.

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Construction Clients Technology 78

Appraisal Buzz

MAY 10, 2021

Regulations continue to account for an increasing share of the costs associated with the construction of a new home, to the tune of nearly $94,000 on average. The post Government Regulations Factoring Into Rise of Home Prices appeared first on theMReport.com. The post Government Regulations Factoring Into Rise of Home Prices appeared first on Appraisal Buzz.

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Government Construction Appraisal 195

Valuation Review

MAY 10, 2021

Valuation Review’s May installment from Dustin Harris, “The Appraiser Coach,” looks at Harris’ thoughts on why fraudulent methods hurt everyone, and the appraisal profession. “Being liberal with values hurts the homeowner,” he said. Read on for more from Harris.

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Appraisal Valuation 78

Appraisal Buzz

MAY 10, 2021

Bryan Filkey, Chief Strategy Officer for Interfirst Mortgage, discusses the non-government guaranteed space and managing workforce capacity as the housing market evolves. The post Expert Insights: Staying Nimble Amid Market Changes appeared first on theMReport.com. The post Expert Insights: Staying Nimble Amid Market Changes appeared first on Appraisal Buzz.

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Valuation Review

MAY 10, 2021

Valuation Review spoke with Walitt Solutions Principal and veteran appraiser Josh Walitt, who addressed specific issues and requirements regarding the training of lender and AMC staff members so as to meet the requirements of regulators and clients. Walitt describes his company’s training methods. Read on for more of our conversation.

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Training Valuation Review Valuation Clients 78

Appraisal Buzz

MAY 10, 2021

The lending and services platform Finance of America has introduced a home improvement financing product offered to consumers through approved contractors. The post New Service is Designed to Help Homeowners Renovate appeared first on DSNews. The post New Service is Designed to Help Homeowners Renovate appeared first on Appraisal Buzz.

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Renovations Design Home Improvement Finance 195

BiggerPockets

MAY 10, 2021

Paying cash for a house may be tempting, if you have the funds to support it. But there are a number of reasons it's not a great idea. Make sure to consider the pros and cons before tying up your fungible cash in real estate.

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Real Estate 76

Appraisal Buzz

MAY 10, 2021

Today’s consumers expect a proactive approach to delivering the innovative products and services they need. The post Overcoming Digital Distrust appeared first on DSNews. The post Overcoming Digital Distrust appeared first on Appraisal Buzz.

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Appraisal 195

BiggerPockets

MAY 10, 2021

The rich prefer real estate as their wealth building strategy—but what niche? Syndications! This strategy allows them to concentrate on their own business and pleasure while reaping off the benefits of passive wealth.

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Real Estate Business 76

Appraisal Buzz

MAY 10, 2021

A new survey digs into the tactics and techniques being used to edge out the competition in fierce bidding wars. The post Cash Is King as Bidding Wars Continue appeared first on DSNews. The post Cash Is King as Bidding Wars Continue appeared first on Appraisal Buzz.

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Appraisal 150

BiggerPockets

MAY 10, 2021

Student loans can often drag people into debt, especially when chasing more than one degree. But here’s an unusual story: Brenda Olmost, PhD student, nurse practitioner, and member of the […].

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Appraisal Buzz

MAY 10, 2021

As an increasing number competes for shrinking inventory, more and more are resorting to inventive ways to land the home of their dreams. The post Sales Tactics for a Tight Market appeared first on theMReport.com. The post Sales Tactics for a Tight Market appeared first on Appraisal Buzz.

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Valuation Review

MAY 10, 2021

LenderHomePage recently launched its company's redesigned Loanzify mobile app, as well as its integration with LenderHomePage's mortgage Point-of-Sale system, the company announced in a release. Read on to learn more.

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Mortgage 60

Appraisal Buzz

MAY 10, 2021

New LO-centric customer retention concept builds loyalty among clients through gift-giving program. The post Top of Mind Announces New LO-CRM Offering appeared first on theMReport.com. The post Top of Mind Announces New LO-CRM Offering appeared first on Appraisal Buzz.

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Clients Appraisal 195

Valuation Review

MAY 10, 2021

Valuation Review reached out to commercial appraising company North by Northwest Consulting, which shared its research on women in appraising. The company also shared its conversation with two female appraiser trainees, whose perspectives brought keen insight on the topic. Read on to find out more.

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Valuation Review Appraisal Valuation 78

San Jose Real Estate

MAY 10, 2021

The Evergreen area is in the southeast foothills of San Jose and extends north toward Eastridge Mall. It includes a few zip codes - 95148, 95121, 95135, and a portion of 95138 (part is also "Santa Teresa" or "South San Jose"). There's a lot of diversity in this region - the areas in the flatlands near the Mall, Reid-Hillview Airport, and waterpark are more modest and affordable as compared to the areas further south where you're more likely to see luxury properties (Hillstone, Bel-Aire Estates,

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Luxury Properties Construction Marketing 68

Valuation Review

MAY 10, 2021

Planet Home Lending, LLC, a national lender and servicer, has named John Bosley as president of Mortgage Lending. Read on for more about this appointment.

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Lending Mortgage 60

Mortgagebroker News

MAY 10, 2021

The market's activity is now a far cry from its lethargy seen during the first few months of the pandemic

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Marketing 79

Valuation Review

MAY 10, 2021

Ribbon, a real estate technology company, launched Appraisal Protection, a new feature of RibbonCash Offers. Read on to learn more.

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