Housing Wire
JULY 7, 2021
Sellers, rejoice. Roughly 77% of respondents to Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, said now is a good time to sell. That’s up from 67% the prior month. To boot, a reported 64% of survey respondents said it’s a bad time to buy a home, up from 56% last month.
Appraisal Buzz
JULY 7, 2021
PERSON OF THE WEEK: Traditional closing practices and paper-based post-closing workflows are fast becoming relics of a bygone era. Lenders that fail to embrace the e-mortgage, or at least go “hybrid,” as we’ve heard many times, will soon become relics as well. So, what steps must mortgage lenders take to successfully go fully digital with e-mortgages?
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Housing Wire
JULY 7, 2021
Mortgage applications decreased again , this time falling 1.8% in the week ending July 2, 2021, according to the latest report from the Mortgage Bankers Association. This marks the third straight week of application declines, and represents the lowest level since the January 2020. “Treasury yields have been volatile despite mostly positive economic news, including last week’s June jobs report, which showed ongoing improvements in the labor market,” said Joel Kan, MBA associate vice preside
Appraisal Buzz
JULY 7, 2021
An analysis of mortgage application volume finds a decline in volume, with higher prices continuing to prevail despite rates in the 3% range. The post Mortgage Apps Dip for Second Consecutive Week appeared first on theMReport.com. The post Mortgage Apps Dip for Second Consecutive Week appeared first on Appraisal Buzz.
Housing Wire
JULY 7, 2021
Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM). Terms of the deal were not disclosed, but statements from Mr. Cooper company leadership detailed that the transaction will not have a significant impact on its second quarter 2021 results.
Appraisal Buzz
JULY 7, 2021
In today’s Buzzcast, we dive into how the current market and evolving technologies are impacting the appraisal industry. Today we have Jim Cutillo, Founder and CEO of AppraisalVision, with Joan Trice, Founder of Allterra Group, LLC. We’ll be getting the inside scoop while Joan and Jim discuss the influences each of these factors have on one another.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
JULY 7, 2021
In today’s Buzzcast, we dive into how the current market and evolving technologies are impacting the appraisal industry. Today we have Jim Cutillo, Founder and CEO of AppraisalVision, with Joan Trice, Founder of Allterra Group, LLC. We’ll be getting the inside scoop while Joan and Jim discuss the influences each of these factors have on one another.
Housing Wire
JULY 7, 2021
Adwerx. Adwerx is the only digital advertising service designed specifically for leading mortgage lenders to automate compliant, individualized ads for loan officers and branches, and deploy digital marketing at scale to reach prospects directly, build brand awareness, and increase the productivity, recruiting, and retention of loan officers. #1. All ads are brand compliant by design.
Appraisal Buzz
JULY 7, 2021
Mortgage servicer unloads its Champion Mortgage portfolio to Mortgage Assets Management in order to focus on its core origination and servicing segments. The post Mr. Cooper Sells Off Its Reverse Servicing Portfolio appeared first on DSNews. The post Mr. Cooper Sells Off Its Reverse Servicing Portfolio appeared first on Appraisal Buzz.
George Dell
JULY 7, 2021
Time adjustments is a timely topic. Recent ski-jump rises in prices have been ramp-ant in many places. Valuemetrics.info provided a free, two-hour webinar on the topic, and we had almost exactly 1000 appraisers sign up. (Although many did not show – free, you know.) Prior to the webinar, I asked some reviewers about how appraisers […]. The post How Do You Time Adjust?
Appraisal Buzz
JULY 7, 2021
Pamela Summers and Tyler Rhea “were each hired as part of an overall expansion strategy to increase market presence,” says the SVP. The post Embrace Home Loans Adds Two VPs appeared first on theMReport.com. The post Embrace Home Loans Adds Two VPs appeared first on Appraisal Buzz.
GoForrmz
JULY 7, 2021
Remove communication barriers and level-up workflow processes with these construction digital forms Construction workflows vary from project to project – the larger the project, the greater the amount of people involved. With communication playing an integral role throughout the course of construction, paper forms can act as an obstacle, resulting in lack of visibility to real-time information, decreased work productivity, and missing data.
Appraisal Buzz
JULY 7, 2021
Veros Real Estate Solutions’ Q2 2021 VeroFORECAST data suggest that home prices will continue to appreciate at high levels during the next 12 months in the 100 most populated markets. By Q2 2022, the overall average forecast is up 7%, which is consistent with the annual forecast made in the company’s forecast one quarter ago. The continued year-over-year increase is heavily driven by robust markets, primarily in the West.
Eyes on Housing
JULY 7, 2021
The count of open construction jobs declined in May to 299,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory. Overall, hiring in the construction sector remained strong in May, ticking down to a 4.2% rate.
Appraisal Buzz
JULY 7, 2021
A new study gauging consumer sentiment has found that now is the time to sell a home, with short supply and high demand continuing to drive prices upward. The post Home Sellers Benefit From Ideal “Perfect Storm” appeared first on theMReport.com. The post Home Sellers Benefit From Ideal “Perfect Storm” appeared first on Appraisal Buzz.
McKissock
JULY 7, 2021
So the moment has finally come. After meeting your client, hunting for their perfect home, and finding it, now it’s time for them to move. Everyone knows moving can be stressful and full of hiccups. While helping clients to move isn’t technically part of your job description, providing outstanding service is. By sharing moving tips, you can ensure a positive end to the purchase experience.
Appraisal Buzz
JULY 7, 2021
Padgett’s PANDIFFERENT won an Award of Excellence for COVID-19 Media in the Education & Training Category. The Apex Awards is an annual competition held by Communications Concepts, which has been conducting the Awards for 33 years. The post Padgett Law Group Webinar Earns Media Award of Excellence appeared first on DSNews. The post Padgett Law Group Webinar Earns Media Award of Excellence appeared first on Appraisal Buzz.
Valuation Review
JULY 7, 2021
Bowery Valuation announced $35 million in Series B funding led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs) with participation from Capital One Ventures and existing investors including Builders VC, Fika Ventures, Navitas Capital, Camber Creek, Nine Four Ventures, Greenspring Associates, and Alpaca VC. This investment brings Bowery’s total funding to $66 million following the $20 million in Series A venture funding it received in 2019.
Appraisal Buzz
JULY 7, 2021
We recently summarized a report from the Urban Institute (UI) about the apparent reluctance of sellers to entertain offers from prospective buyers intending to use FHA or VA financing. UI based its conclusion on both a survey of real estate agents conducted by the National Association of Realtors and the recent decline in the FHA and VA share of originations.
Valuation Review
JULY 7, 2021
Commercial real estate services firm JLL offered more insight to Valuation Review from its recently released JLL Seniors Housing & Care – Investor Survey and Trends Outlook. COVID-19 vaccine availability will have a definitive impact on the status of the market, JLL revealed. Read on for more of our conversation with the commercial firm team.
Appraisal Buzz
JULY 7, 2021
With this increased demand, servicers must have a plan in place to track and support customers. The key to creating successful exits and maximizing revenue is the use of new digital tools for real-time insights. The post A Tale of Two Exits appeared first on DSNews. The post A Tale of Two Exits appeared first on Appraisal Buzz.
BiggerPockets
JULY 7, 2021
Schwarzenegger has said, “I made my first million in real estate, not in movies." To be like Arnold, keep your vision intact, understand your goals, and seek out people with like-minded plans.
Appraisal Buzz
JULY 7, 2021
Given the current market, lenders looking to operate with maximum efficiency should take a page from the ancient practice of locksmithing. The post It’s Time to Lock Down Your Lock Desk Operations appeared first on theMReport.com. The post It’s Time to Lock Down Your Lock Desk Operations appeared first on Appraisal Buzz.
Valuation Review
JULY 7, 2021
The House recently began consideration of a Credit Union National Administration (CUNA)-supported repeal of the Office of the Comptroller of the Currency’s “true lender” proposal. Additionally, the House Financial Services Committee marked up the CUNA-supported Central Liquidity Facility Enhancement Act (H.R. 3958).
Appraisal Buzz
JULY 7, 2021
Evolve Mortgage Services, a provider of on-shore outsourced mortgage services, has closed its acquisition of E-Notary Seal LLC, which enables mortgage borrowers to remotely sign and notarize a document from anywhere on any device. The company says the transaction is the final piece Evolve needed to provide home lenders and title companies with a purely digital closing process. “RONs took off during the pandemic and are likely to permanently become the preferred method of.
Valuation Review
JULY 7, 2021
The Federal Housing Finance Agency (FHFA) released its first-quarter 2021 Foreclosure Prevention and Refinance Report. The FHFA report showed that Fannie Mae and Freddie Mac completed 224,646 foreclosure prevention actions in the first quarter.
Appraisal Buzz
JULY 7, 2021
Analysts dig into data on prices, late payments, MBS activity, equity, and other mortgage finance and housing market metrics. The post Mortgage Monitor: Delinquencies Improve, Cost of Homeownership Increases appeared first on DSNews. The post Mortgage Monitor: Delinquencies Improve, Cost of Homeownership Increases appeared first on Appraisal Buzz.
Valuation Review
JULY 7, 2021
Cherre recently announced that Valcre, an appraisal platform for the commercial real estate industry, is using its GraphQL API to enrich the property and building-level data within its SaaS appraisal platform. The streamlining of manual tasks from collecting property data to generating reports now can be accomplished.
Appraisal Buzz
JULY 7, 2021
Today’s home values mean more refinancing, equity loan, and other options for homeowners, say researchers as they deep dive into mortgage-finance data. The post Home Prices Accelerate at Rate ‘Never Seen Before’ appeared first on theMReport.com. The post Home Prices Accelerate at Rate ‘Never Seen Before’ appeared first on Appraisal Buzz.
Valuation Review
JULY 7, 2021
A proposed national infrastructure plan may give more hope to Americans who have been denied access to affordable housing due to limited supply. BBG Senior Managing Director/Affordable Multifamily Practice Leader Mary Ann Barnett told Valuation Review some of the details of the plan, and how it can help homeowners moving forward. Read on to learn more.
Appraisal Buzz
JULY 7, 2021
Fannie Mae’s latest Home Purchase Sentiment Index (HPSI) decreased by just 0.3 points in June to 79.7, despite even greater volatility among the Index’s underlying components, up 3.2 points compared to the same time last year. The HPSI’s “Good Time to Buy” and “Good Time to Sell” components once again produced the most notable results. … The post Affordability Continues to Haunt Aspiring First-Time Buyers appeared first on DSNews.
Valuation Review
JULY 7, 2021
CoreLogic released its monthly Loan Performance Insights Report for March. For the month, 4.9 percent of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due), representing a 1.3 percent increase in overall delinquency rate compared with March 2020. Read on to learn more from the report.
BiggerPockets
JULY 7, 2021
The Real Estate InvestHER Show is now part of the BiggerPockets Podcast Network! Hosts Liz Faircloth and Andresa Guidelli met on the BiggerPockets forums years ago, where they sparked a friendship […].
Lamacchia Realty
JULY 7, 2021
Lamacchia Realty, Inc. has released their “Top Producing Agents,” for June 2021! This program recognizes Lamacchia Realty agents with the Top 10 agents by company and Top 3 or 5 agents by office with the highest transaction numbers or sales for the month! June 2021 Winners of the Top 10 for the Company are: Shauna Fanning has a passion and a drive for customer service and customer relations and has over 17 years in the field.
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