Housing Wire
MAY 26, 2021
After two straight weeks of increases , mortgage applications dropped 4.2% for the week ending May 21, 2021, according to the Mortgage Bankers Association ‘s weekly mortgage applications survey. “Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.
Appraisal Buzz
MAY 26, 2021
Former Wells Fargo Head of Home Lending comes out of retirement to lead GSE. The post Freddie Mac Names Michael DeVito New CEO appeared first on DSNews. The post Freddie Mac Names Michael DeVito New CEO appeared first on Appraisal Buzz.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
MAY 26, 2021
The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. The study, ICE’s Origination Insight Report, also found April to be the second consecutive month of slowdown in share of refinances among total originations, dropping to 56% from 63% in March. The percentage of purchase mortgages increased to 43% of total closed loans.
Appraisal Buzz
MAY 26, 2021
In today’s Buzzcast, we dive into a firsthand account from a new appraiser of the Appraiser Diversity Initiative (ADI) by Fannie Mae and the challenges facing trainee appraisers today. Today we have Marcus Knight, a recently licensed appraiser that completed this specific program giving a deeper look with Joan Trice, Founder of Allterra Group, LLC.
Housing Wire
MAY 26, 2021
Nearly six months after David Brickman stepped down, government-sponsored entity Freddie Mac has tapped ex- Wells Fargo mortgage executive Michael DeVito to assume the role of CEO. DeVito, who spent more than two decades at Wells Fargo before retiring last year , will take the helm of the GSE on June 1. “I am delighted to announce that, after an exhaustive search, the Board of Directors has chosen Michael DeVito as the next CEO of Freddie Mac,” said Sara Mathew, non-executive chair of Fred
Appraisal Buzz
MAY 26, 2021
Mortgage rates moved slightly lower today despite moderate weakness in the bond market. Typically, bond weakness results in rates moving higher , all other things being equal. The most common reason for these sorts of discrepancies can be summed up with one simple word: TIMING. The bond market moves throughout the day. Mortgage lenders, however, prefer to adjust rates only one time each morning, although they will issue mid-day reprices if the bond market is.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
MAY 26, 2021
PERSON OF THE WEEK: What’s it like opening a new mortgage servicing center during a pandemic? To find out, MortgageOrb recently interviewed Sandra Jarish, president, servicing, Planet Home Lending, who helped the company launch a new servicing center in Dallas. Q: You recently opened Planet’s fourth servicing center. Why did you choose the Dallas Metroplex?
Housing Wire
MAY 26, 2021
Phoenix, Las Vegas, Sacramento, Austin and Atlanta were the most popular destinations for Redfin.com users looking to move to a different area last month, with many of the potential homebuyers coming from Los Angeles, San Francisco, and New York. The analysis, which found that nearly one-third of users looked to move to a different metro area in April, is based on a sample of more than two million Redfin.com users who searched for homes across 87 metro areas.
Appraisal Buzz
MAY 26, 2021
Michael DeVito has been named by the GSE as new CEO, replacing Mark Grier as Interim CEO. The post Ex-Wells Fargo Mortgage Head DeVito Tapped as Freddie Mac CEO appeared first on theMReport.com. The post Ex-Wells Fargo Mortgage Head DeVito Tapped as Freddie Mac CEO appeared first on Appraisal Buzz.
Housing Wire
MAY 26, 2021
After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books. After all, the FHFA reported that since 2013, the GSEs had paid approximately $15 billion in interest and premiums for their CRT coverage while receivin
Appraisal Buzz
MAY 26, 2021
FHLBank San Francisco promotes Tony Wong for his commitment to expand access to affordable housing and promotion of homeownership opportunities. The post FHLBank San Francisco Promotes Tony Wong to Chief Banking Officer appeared first on DSNews. The post FHLBank San Francisco Promotes Tony Wong to Chief Banking Officer appeared first on Appraisal Buzz.
George Dell
MAY 26, 2021
Misused terms: AI (Artificial Intelligence), ML (Machine Learning), makes you look smart. It makes for clever marketing. And it may be BS. The most important “algorithm” for valuers is A+B=C. Words are important. They help us understand each other and avoid wars. Marketers, in particular, tend to bandy about clever words, designed to impress you […].
Appraisal Buzz
MAY 26, 2021
Tennessee-based Andrew Johnson Bank has selected Wolters Kluwer Compliance Solutions’ ComplianceOne, Vanceo Mortgage and Online Applications offerings to help it streamline, automate and enhance its lending program capabilities. Online Applications is a platform that enables smaller lenders to engage new customers and generate new mortgage lending leads in a contactless, virtual manner.
Eyes on Housing
MAY 26, 2021
NAHB analysis of the most recent 2019 American Community Survey (ACS) data reveals that the median age of construction workers is 41, the same as a typical worker in the national labor force. While the residential construction has been adding jobs during the pandemic, access to skilled labor is still a business challenge in 2021. The median age of construction.
Appraisal Buzz
MAY 26, 2021
Mortgage insurance provider debuts new brand identity. The post Genworth Officially Launches as Enact appeared first on theMReport.com. The post Genworth Officially Launches as Enact appeared first on Appraisal Buzz.
Eyes on Housing
MAY 26, 2021
The historic climb for lumber prices, combined with delays and higher costs for other building materials, is a significant limiting factor for home building in 2021. Despite a historically low level of overall housing inventory and solid demand due to low mortgage interest rates and demographics, new construction has been unable to add additional needed supply to the market, resulting.
Appraisal Buzz
MAY 26, 2021
Mortgage application volume plummeted 4.2% on an adjusted basis during the week ended May 21, as mortgage rates edged up slightly, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances fell 7% compared with the previous week while applications for purchases increased 2%. Year-over-year, applications for refinances were down 9% while applications for purchases were down 4%.
GoForrmz
MAY 26, 2021
Optimize your salon and cosmetology forms with these five powerful fields and features Digital forms are a powerful resource for beauty salons and cosmetologists, empowering teams to accelerate the completion of common tasks (like payroll, billing, and client intake) and eliminate traditional administrative demands (like filing, rekeying information, printing, etc.).
Appraisal Buzz
MAY 26, 2021
A new survey finds that homeowners who bought a home over the past 12 months were overwhelmingly satisfied. The post Homeowners Content With Pandemic Purchases appeared first on DSNews. The post Homeowners Content With Pandemic Purchases appeared first on Appraisal Buzz.
Valuation Review
MAY 26, 2021
William Trombly, a Texas appraiser (Trombly Appraisal, LLC) spoke to Valuation Review about a topic prevalent within the appraisal industry. Trombly, in an article he authored, said racial bias in the appraisal profession is unacceptable. Read on for more of Trombly’s thoughts about this hot topic.
Appraisal Buzz
MAY 26, 2021
Homebuyers who made their purchase during the pandemic felt at ease with their decision with many stating their home meets their needs. The post Homebuyers ‘Happy’ With Their Covid-Era Choices appeared first on theMReport.com. The post Homebuyers ‘Happy’ With Their Covid-Era Choices appeared first on Appraisal Buzz.
BiggerPockets
MAY 26, 2021
Since December, nearly $50 billion in aid has been provided to renters and landlords across the United States. In September, the Center for Disease Control (CDC) implemented a sweeping eviction […].
Appraisal Buzz
MAY 26, 2021
Has the well-documented, pandemic-driven desire to migrate into the suburbs from denser urban areas hit its peak? It’s possible that April’s small decline in the share of homebuyers looking to relocate to new metropolitan areas is an early indication that the trend is waning as more Americans receive COVID-19 vaccinations and return to the office. … The post Pandemic-Driven Desire to Relocate Could be Waning appeared first on DSNews.
BiggerPockets
MAY 26, 2021
Nick Lamagna wasn’t planning on getting into real estate investing. When he finished college he knew that he wanted to go into law enforcement to help with counter-terrorism. He scored […].
Appraisal Buzz
MAY 26, 2021
As the nation continues to struggle to keep up with housing demand, more Americans are deciding to ride out the storm and not give into exorbitant prices on limited inventory. The post Low Inventory Drives Down Mortgage Apps appeared first on theMReport.com. The post Low Inventory Drives Down Mortgage Apps appeared first on Appraisal Buzz.
Valuation Review
MAY 26, 2021
The Change Co. has acquired Connect Escrow, a woman-owned and operated real estate escrow services company. The Change Co. was represented in the transaction by law firms Gaynor Law Group, P.C. and Michelman & Robinson, LLP. Connect Escrow was represented by Relaw, APC. Read on to learn more.
Appraisal Buzz
MAY 26, 2021
Has the well-documented, pandemic-driven desire to migrate into the suburbs from denser urban areas hit its peak? It’s possible that April’s small decline in the share of homebuyers looking to relocate to new metropolitan areas is an early indication that the trend is waning as more Americans receive COVID-19 vaccinations and return to the office. … The post Americans Are Motivated to Move, But Will It Last?
Valuation Review
MAY 26, 2021
Walker & Dunlop, Inc. and GeoPhy expanded the footprint of its multifamily appraisal business, Apprise, with the addition of two regional leaders and managing directors, according to a press release. Read on to learn more.
Appraisal Buzz
MAY 26, 2021
Black Knight Inc. says it has completed the integration of its product and pricing engine, Optimal Blue PPE, with Fannie Mae’s Servicing Marketplace API to provide clients with scenario-specific, granular pricing for servicing-released transactions. By connecting the two in real time, the Optimal Blue PPE further enhances efficiencies and secondary marketing processes by fully automating the servicing-released premium (SRP) pricing of Fannie Mae loans.
Valuation Review
MAY 26, 2021
BBG has expanded its assessment services with the acquisition of Mach-8 Consulting, a York, Maine-based due diligence services firm specializing in HUD-insured property assessment projects, the commercial firm announced. Terms of the acquisition were not disclosed. Read on to learn more.
Appraisal Buzz
MAY 26, 2021
Property data analysts discuss the best ways lenders, servicers, and property owners can anticipate hurricane risk and why it matters. The post The Importance of Assessing Weather-Related Risk appeared first on DSNews. The post The Importance of Assessing Weather-Related Risk appeared first on Appraisal Buzz.
Valuation Review
MAY 26, 2021
Multi-state real estate certified general appraiser Russell Kitzberger shares more insight with Valuation Review, including some market trends moving forward. After a very difficult year in the real estate industry stemming from the many restrictions brought on by COVID-19, there has been a feeling the profession truly embraced a “coming together” attitude by embracing the sharing of ideas to increase success.
CA Realty Training
MAY 26, 2021
By Elias Magers . A real estate license background check decides if you qualify to become an agent in California. The Department of Real Estate (DRE) requires all California license applicants to take one. This is because they want to maintain the integrity and safety of the industry. So, what happens when you want to get your real estate license but have a criminal history?
Clear Capital
MAY 26, 2021
Follow ClearCast on LinkedIn , Twitter , Facebook , and Instagram. EPISODE SUMMARY. Jeff and Kenon wonder how they haven’t been cancelled. They discuss the housing supply shortage and Pebble, a wireless parking sensor company, that provides valuable parking data to real estate developers, municipalities, and parking operators. Jeff delivers the Real Estate Joke of the Pod, which is set in yet another bizarre world.
Expert insights. Personalized for you.
477 
Let's personalize your content