Housing Wire
MAY 28, 2021
There’s a common misconception that fixer-uppers are less expensive than turnkey properties. While turnkey properties come with a higher price tag , they can be a cheaper investment in the long run. According to a study conducted by Buildword , 53% of buyers who purchased a fixer-upper exceeded their budget, compared to 15% of buyers who purchased a turnkey home.
Appraisal Buzz
MAY 28, 2021
This week, the MBA’s seesaw mortgage applications survey will provide some insight into the state of the marketplace, with continued low rates not enough to coax buyers off the fence for fear of overpaying. The post The Week Ahead: Gauging Q2 Homebuyer Trends appeared first on theMReport.com. The post The Week Ahead: Gauging Q2 Homebuyer Trends appeared first on Appraisal Buzz.
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Housing Wire
MAY 28, 2021
HousingWire recently spoke with Aditya Udas, managing director at Iron Mountain, about the potential for digital transformation of mortgage custodial duties and how Iron Mountain is innovating collateral management. HousingWire: How does custody transformation impact the mortgage industry? Aditya Udas: From Iron Mountain’s perspective, mortgage custody directly impacts liquidity in the housing market.
Appraisal Buzz
MAY 28, 2021
More demand for a diminishing supply continues to benefit home sellers nationwide as more and more are fighting for a smaller piece of the housing pie. The post Supply Imbalance Forces Rise in List Prices appeared first on theMReport.com. The post Supply Imbalance Forces Rise in List Prices appeared first on Appraisal Buzz.
Housing Wire
MAY 28, 2021
As borrowers impacted by COVID-19 continue to exit mortgage forbearance, now is the time for lenders and servicers to be proactive in their borrower outreach to reduce foreclosure volume. According to ATTOM Data Solutions, foreclosures have increased by 9% in the first quarter of 2021. And while foreclosure is sometimes unavoidable, lenders and servicers have an arsenal of tools at their disposal to help borrowers before that happens.
Appraisal Buzz
MAY 28, 2021
The forbearance numbers increased again over the past week although Black Knight, in its weekly report, said these mid- to late-month upticks are becoming common. The number of mortgages in active plans rose by 16,000 or 0.73 percent. The number of Fannie Mae and Freddie Mac loans in forbearance declined by 1,000 but that was offset by an increase of 2,000 among loans serviced for FHA and the VA and a 15,000 loan rise.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
MAY 28, 2021
Paul Concannon has joined Guaranteed Rate , one of America’s top 5 retail mortgage lenders, as a senior vice president of mortgage lending in Baltimore and the Washington metropolitan area. Concannon has 16 years of mortgage industry experience. He consistently ranks as one of the country’s top mortgage originators. As a senior vice president of mortgage lending at Guaranteed Rate, Concannon will focus on enhancing his in-depth knowledge of loan products and guidelines while building strong rela
Housing Wire
MAY 28, 2021
Imagine wanting to build software in the mortgage industry. You spend your time visualizing the problem your technology plans to solve, but after researching the industry, you realize that when it comes to building mortgage technology, you’re not just building an application. You actually have to take the proper steps to make sure it gets built correctly, and from a compliance standpoint.
Appraisal Buzz
MAY 28, 2021
Michael J. DeVito is the new CEO of Freddie Mac , effective June 1. . Interim CEO Mark B. Grier will resume his duties as a full-time member of Freddie Mac’s board. DeVito has more than 30 years of experience in the mortgage and financial services industry. He spent more than 23 years at Wells Fargo and Co., rising to the level of executive vice president, head of home lending, where he was responsible for all.
Housing Wire
MAY 28, 2021
Notoriously high home prices are the norm in San Jose, California, and the rest of Silicon Valley. But in the hot housing market of 2021, even those homes are getting immediate, multiple offers when they hit the market. Local Coldwell Banker agent Theresa Wellman said the seven-digit price tags of the area, which has a median listing price of $1.4 million, haven’t been scaring off potential homebuyers. “We’re seeing eight to 10 offers on homes as soon as they go on the market,&
Appraisal Buzz
MAY 28, 2021
David Arnett has been promoted to chief marketing officer at Cherry Creek Mortgage , where he will continue to oversee the company’s brand while expanding its nationwide footprint. Arnett has more than 20 years of marketing and graphic design experience – the past five at Cherry Creek. Prior to his promotion, Arnett served as the company’s creative director and later as vice president of marketing, overseeing all branding, marketing and communication efforts.
JMV Lending
MAY 28, 2021
Our Zillow rep told us yesterday that searches for new homes are down 25% from recent months, as buyers appear to be “fatigued” and are putting their searches on hold. Despite that fact, the market remains extraordinarily hot and we continue to see appraisals come in under contract price all too often. This should not […]. The post Appraisal Problems – 5 Options When Appraisals Come In Low appeared first on JVM Lending.
Appraisal Buzz
MAY 28, 2021
Black Knight CEO Anthony Jabbour says Top of Mind’s technological products will make it possible for lender clients of all sizes to close more loans and create customers for life. The post Data Provider Black Knight to Acquire Top of Mind appeared first on DSNews. The post Data Provider Black Knight to Acquire Top of Mind appeared first on Appraisal Buzz.
Valuation Review
MAY 28, 2021
Valuation Review’s monthly insight from Dustin Harris, “The Appraiser Coach,” focuses on what may be circulating around the profession regarding Fannie Mae introducing new appraisal forms. Harris shared with us his thoughts on this. Read on to find out more.
Appraisal Buzz
MAY 28, 2021
Short supply spells greater seller profit at the closing table as homes continue to sell at a record clip. The post Demand Propels Home Prices Upward appeared first on DSNews. The post Demand Propels Home Prices Upward appeared first on Appraisal Buzz.
Valuation Review
MAY 28, 2021
The Appraisal Institute (AI) is encouraging homeowners to focus on cost-efficient improvement projects when seeking to improve their property’s value during the ongoing coronavirus pandemic, according to a release on the AI website. Read on to learn more.
Appraisal Buzz
MAY 28, 2021
With the opening of its new offices, the non-QM specialist has expanded its footprint across 35 states. The post Angel Oak Grows With Four New Branches appeared first on theMReport.com. The post Angel Oak Grows With Four New Branches appeared first on Appraisal Buzz.
BiggerPockets
MAY 28, 2021
Taking private capital is serious business, but if you do it right, have a plan, and have the personnel and processes in place to execute your plan, it could be a gratifying endeavor for both you and your investors.
Appraisal Buzz
MAY 28, 2021
Combined, PulteGroup’s Built to Honor program and NYC-based Tunnel to Tower Foundation have placed at least 80 families in mortgage-free houses. The post Eye on the Industry: Helping Veteran Families Become Homeowners appeared first on theMReport.com. The post Eye on the Industry: Helping Veteran Families Become Homeowners appeared first on Appraisal Buzz.
Mashvisor
MAY 28, 2021
If you are thinking about buying a rental property, it’s important to get an idea of the rental income you can expect to receive each month before you decide to…
Appraisal Buzz
MAY 28, 2021
Researchers examine what could be causing two weeks’ worth of increasing participation in COVID-related forbearance plans. The post Is Rise in Forbearance Volume Cause for Concern? appeared first on DSNews. The post Is Rise in Forbearance Volume Cause for Concern? appeared first on Appraisal Buzz.
Valuation Review
MAY 28, 2021
With many COVID-19 restrictions being lifted by the CDC and the various states, appraisers, like everyone else, eagerly await a return to some “normalcy.” Still, there are precautionary measures in place within the real estate industry. Realquantum CEO Jeff Weiner shared a few of those with Valuation Review.
Appraisal Buzz
MAY 28, 2021
Over the past 60 days, the number of U.S. homeowners in forbearance plans has dropped from 2.5 million to nearly 2.1 million. Will improvements in the job market further expedite forbearance departures? The post The Week Ahead: Nearing the Forbearance Exit appeared first on DSNews. The post The Week Ahead: Nearing the Forbearance Exit appeared first on Appraisal Buzz.
Valuation Review
MAY 28, 2021
Black Knight, Inc. has acquired eMBS Inc, which provides performance data and analytics on agency-backed securities to market participants for critical insights to inform better investment decisions. The move will also and enhance the yields on their mortgage-backed securities portfolios, the company announced. Read on to learn more.
Appraisal Buzz
MAY 28, 2021
When doing market analysis, once you’ve gathered the information you need from the local MLS or other sources, there are a number of technology tools that you can utilize to help you refine the data and make graphs out of it. Below are five residential market analysis tools for appraisers that you may find useful for building faster, more credible reports.
Valuation Review
MAY 28, 2021
With real estate inventory down by more than half compared to last year, the personal finance website WalletHub recently released its report on 2021’s Best Places to Be a Real Estate Agent. Read on to find out which areas made the list.
Appraisal Buzz
MAY 28, 2021
Property data analysts pinpoint parts of the country that are proving most friendly for real estate investors looking to purchase a home. The post The Best Markets For Residential Property Investors appeared first on DSNews. The post The Best Markets For Residential Property Investors appeared first on Appraisal Buzz.
Valuation Review
MAY 28, 2021
NewRez LLC, a national mortgage lending and servicing organization, announced that Rajinder Singh has joined its executive team as chief risk officer, effective immediately. Read on to learn more.
Appraisal Buzz
MAY 28, 2021
An upcoming DS News webinar will examine how the servicing industry is working with a new crop of clients preparing to exit forbearance plans as they regain their financial footing. The post Servicers Navigate the Post-Pandemic World appeared first on DSNews. The post Servicers Navigate the Post-Pandemic World appeared first on Appraisal Buzz.
Mortgagebroker News
MAY 28, 2021
The country's top BDMs discuss their leading sales strategies, the changes they foresee for the industry, and the qualities they believe every BDM should have
Appraisal Buzz
MAY 28, 2021
As more homeowners see their forbearance pans come to an end, a DS News-hosted webinar will provide tips for servicers looking to bridge the gap to normalcy for these borrowers as they look to resume their mortgage payments. The post Mortgage Servicers Brace for the Forbearance Transition appeared first on theMReport.com. The post Mortgage Servicers Brace for the Forbearance Transition appeared first on Appraisal Buzz.
Mortgagebroker News
MAY 28, 2021
Leading innovators and disruptors explain why technology is here to stay, the benefits of incorporating it in your practice, and how to embrace it to evolve your business for the new era
BiggerPockets
MAY 28, 2021
This week’s question comes from Jimmy on the Real Estate Rookie Facebook Group. Jimmy is asking a couple of great questions about those in partnerships going in on a property: […].
McKissock
MAY 28, 2021
When doing market analysis, once you’ve gathered the information you need from the local MLS or other sources, there are a number of technology tools that you can utilize to help you refine the data and make graphs out of it. Below are five residential market analysis tools for appraisers that you may find useful for building faster, more credible reports.
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