Housing Wire

OCTOBER 13, 2021

Mortgage application activity was largely flat for the week ending Oct. 8, despite mortgage rates reaching their highest level since June. That’s according to the latest mortgage application survey from the Mortgage Bankers Association , which said applications overall increased just 0.2% from the prior week. “An increase in home purchase applications offset a slight decline in refinances,” said Joel Kan, the MBA’s vice president of economic and industry forecasting. R

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Appraisal Buzz

OCTOBER 13, 2021

The volume of mortgage applications ticked up last week for the first time in three weeks, but an uptick was the extent of it. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased 0.2 percent on a seasonally adjusted basis from one week earlier and was 0.4 percent higher on an unadjusted basis. Over the previous two weeks the index had lost an aggregate of 8.0 percent.

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Mortgage Appraisal Marketing 195

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Principals of the private holding company StoicLane led the round, the firms said on Wednesday. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said.

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Mortgage Investors Investing Technology 295

Appraisal Buzz

OCTOBER 13, 2021

Residential real estate marketplace unveils new digital channel for property investors to view available properties, submit offers, and streamline transactions. The post Sundae Launches Platform for Purchasing Distressed Properties appeared first on DSNews. The post Sundae Launches Platform for Purchasing Distressed Properties appeared first on Appraisal Buzz.

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Real Estate Investors Appraisal 195

Housing Wire

OCTOBER 13, 2021

JPMorgan Chase originated $46.1 billion worth of mortgages from July to September, up 5% from the previous quarter and up 43% year-over-year, the bank announced on Wednesday. Jeremy Barnum, chief financial officer at Chase, said during the company’s third quarter earnings call that the increase reflects “record purchase volume and share gains in the refi market.”.

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Supply Chain Mortgage Retail Valuation 290

Appraisal Buzz

OCTOBER 13, 2021

Mortgage application volume held steady week-over-week according to the MBA, as a slight drop in refis was countered by a 2% rise in home purchases. The post Increase in Purchase Apps Offsets Decline in Refis appeared first on theMReport.com. The post Increase in Purchase Apps Offsets Decline in Refis appeared first on Appraisal Buzz.

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Appraisal Buzz

OCTOBER 13, 2021

Sagent , a fintech company modernizing mortgage and consumer loan servicing for banks and lenders, has announced an agreement extension with Computershare Loan Services, a third-party mortgage servicer. Under the six-year agreement, Computershare Loan Services will continue to use Sagent’s loan servicing platform, LoanServ, and add the use of its LoanBoard platform, which automates onboarding of loan servicing at any scale.

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Modernization Appraisal Mortgage 195

GoForrmz

OCTOBER 13, 2021

With digital telecom forms, telecom service providers can automate customer service processes, access data in real-time, and more With the rapid advancements of digital solutions, industries are experiencing an urgent need for modernization, and the telecommunication industry is no exception. Due to the COVID-19 crisis , a majority of the global workforce has been forced to work from home, requiring access to systems from remote or dispersed locations , videoconferencing, collaborating with coll

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Inventory Modernization Clients Tools 158

Appraisal Buzz

OCTOBER 13, 2021

Home Capital Group Inc. and its Home Trust Company subsidiary have announced the pricing of a private placement of residential mortgage-backed securities (RMBS) to be issued by Classic RMBS Trust, a securitization vehicle sponsored by Home Trust. The securities are backed by a portfolio of near-prime, uninsured residential mortgages that were originated by and will be serviced by Home Trust.

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Mortgage Appraisal 195

The Robert Weiler Company

OCTOBER 13, 2021

Every year, new commercial real estate investment blogs and podcasts are started and books published. They all promise to have the best secrets and latest tips on CRE investing, but which resources are worth your time? Whether you are a seasoned commercial real estate investor or just entering the game, it’s important to have “go-to” resources to support – or strengthen – your growth in the industry.

Real Estate 148

Real Estate Investing Investors Landlords 148

Appraisal Buzz

OCTOBER 13, 2021

As the 2021 fiscal year comes to an end, Ginnie Mae has announced that it issued a record $939 billion in mortgage backed securities (MBS). This number is up from the $748 billion it issued during the 2020 fiscal year. According to the press release, record issuance reflects the strength and value of the Ginnie Mae program in meeting … The post Ginnie Mae Issued $939B of Securities in 2021 appeared first on DSNews.

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Appraisal Mortgage 195

Urban

OCTOBER 13, 2021

People of color face greater barriers in acquiring mortgages, which helps sustain the racial homeownership gap.

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Mortgage 189

Appraisal Buzz

OCTOBER 13, 2021

In today’s Buzzcast, we dive into the Collateral Risk Network and their upcoming 4th Quarter meeting in Sarasota on December 7th. Today we have Joan Trice, Founder and President of the CRN, and Karen Connolly, VP of Operations for the CRN. We’ll be getting the inside scoop while they discuss what to expect in December. What are the key FHFA updates that the valuation community needs to know?

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Valuation Appraisal 195

Eyes on Housing

OCTOBER 13, 2021

Inflation accelerated in September, as prices for food and shelter showed notable gains. Federal Reserve officials described the current inflation run as “transitory”, and attributed recent increases largely to supply-chain constraints and a surge in consumer demand as the economy reopened. And they expected “inflation pressures to ease as the effect of these transitory factors dissipated.

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Supply Chain 146

Appraisal Buzz

OCTOBER 13, 2021

Mortgage applications increased 0.2% from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending October 8, 2021. The Market Composite Index, a measure of mortgage loan application volume, increased 0.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 0.4% compared with the previous week.

Mortgage 195

Mortgage Appraisal Marketing 195

GoForrmz

OCTOBER 13, 2021

We sat down with Aldridge Group for a Q&A discussion for Procore’s Groundbreak 2021 event Miss out on our Groundbreak session? No worries! Below you’ll find a full breakdown of our discussion hosted by our General Manager of Construction, Mike Wood, and featuring Patrick Laud, IT Director for Aldridge Electric. As the world of construction modernizes its systems, businesses leveraging connected digital technologies are outpacing those still relying on outdated, manual tools.

Construction 78

Construction Modernization Project Management Tools 78

Appraisal Buzz

OCTOBER 13, 2021

eRESI Mortgage LLC, a mortgage funding platform that offers comprehensive private capital solutions to the residential mortgage market, has announced that subsidiaries of The Global Atlantic Financial Group LLC, a life and annuity insurance company, have made a strategic investment and capital commitment to become its majority owner. eRESI Mortgage will continue to operate under a newly formed entity, eRESI Capital LLC, being led by Gregory Tsang as CEO and Tim Wang as president.

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Mortgage Insurance Investing Appraisal 195

JMV Lending

OCTOBER 13, 2021

“Hey Rich, I need a $500,000 appraisal to make this refi work; there’s an extra $300 for you if you can push the value to $500,000…” That was the entire schtick of a loan officer I knew back in the day (prior to the 2008 meltdown). He was friends with an appraiser who would push […]. The post Appraisers Ain’t A.M.C’s (Explained); Subjective vs.

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Appraisal Loan Officers Lending 78

Appraisal Buzz

OCTOBER 13, 2021

MReport examines how the mortgage-hiring landscape has changed over the last few tumultuous years, and what lenders and financial institutions are doing to keep up with these changes. The post It’s a Mortgage Candidate’s Market, and We’re Just Living in It appeared first on theMReport.com. The post It’s a Mortgage Candidate’s Market, and We’re Just Living in It appeared first on Appraisal Buzz.

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Mortgage Marketing Appraisal 195

Valuation Review

OCTOBER 13, 2021

Recently, Valuation Review introduced its audience to a new hire. JLL Valuation Advisory welcomed structured finance specialist John Oates to its Renewable Energy Valuation team as a managing director to help build out a best-in-class infrastructure platform. We reached out to Oates for a more in-depth look at his role and how this side of valuations will work best for appraisers.

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Valuation Valuation Review Finance Appraisal 78

Appraisal Buzz

OCTOBER 13, 2021

Partner Katrina Christakis said that Morrissey “combines exceptional advocacy skills with business acumen, achieving results in the most cost-effective manner.” The post Pilgrim Christakis Promotes James Morrissey to Partner appeared first on DSNews. The post Pilgrim Christakis Promotes James Morrissey to Partner appeared first on Appraisal Buzz.

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Business Appraisal 195

Valuation Review

OCTOBER 13, 2021

Williston Financial Group (WFG), a Portland-based, full-service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, released the findings of its 2021 survey of WFG Executive Roundtable members and other industry leaders. The results signaled a marked increase in concern over the impact lengthy turnaround times are having on real estate transactions.

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Lending Real Estate Insurance 78

Appraisal Buzz

OCTOBER 13, 2021

As Halloween approaches—right in the middle of wildfire and hurricane season—servicers are bracing for more tricks than treats. In most cases, however, there’s a better way to prepare than the methods they use today. The post How Servicers Can Stop Being Spooked by the Unknown appeared first on DSNews. The post How Servicers Can Stop Being Spooked by the Unknown appeared first on Appraisal Buzz.

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Appraisal 195

BiggerPockets

OCTOBER 13, 2021

This is an excerpt from Short-Term Rental, Long-Term Wealth by Avery Carl. Buy the book today! Short-term rentals, or vacation rentals, are a relatively new strategy when it comes […].

Investing 81

Investing Marketing Real Estate 81

Appraisal Buzz

OCTOBER 13, 2021

To celebrate Hispanic Heritage Month, which occurs every October, Realtor.com has published three new surveys outlining how Hispanic buyers affect real-estate market over the last year. The nationwide surveys included the Hispanic Homebuyer Profile, the Hispanic New Homeowner Profile, and the Hispanic Seller Profile which can all be found at relator.com.

Marketing 150

Marketing Real Estate Sellers Buyers 150

BiggerPockets

OCTOBER 13, 2021

Over the last several months there’s been a lot of hype about Wall Street driving up the housing market. I’ve seen a few dozen headlines about how no one can […].

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Housing Market Marketing 81

Appraisal Buzz

OCTOBER 13, 2021

A new study has concluded that buyers who are willing to close in the month of October avoid prices well above market value. The post Homebuyers Benefit for Closing in October appeared first on DSNews. The post Homebuyers Benefit for Closing in October appeared first on Appraisal Buzz.

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Market Value Buyers Appraisal Marketing 150

BiggerPockets

OCTOBER 13, 2021

Marching along Bourbon Street last week was a parade with some of the best real estate investors in the world, celebrating another successful BPCon, ready to take on the world. […].

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Real Estate Investors 75

Appraisal Buzz

OCTOBER 13, 2021

According to an analysis of historical home sales, ATTOM finds the best and worst days of the year to buy a home. The post What Are the Most Cost-Effective Days to Buy a Home? appeared first on theMReport.com. The post What Are the Most Cost-Effective Days to Buy a Home? appeared first on Appraisal Buzz.

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Appraisal 195

Valuation Review

OCTOBER 13, 2021

ForbesBooks author Tim Pagliara, who wrote “Another Big Lie: How the Government Stole Billions from The American Dream of Home Ownership, and Got Caught!,” detailed the plight of Fannie Mae, Freddie Mac and says the government “must fill gaps for minorities, middle class to access mortgages.” Pagliara, founder, chairman, and chief investment officer of CapWealth, an independent, SEC-registered investment advisory firm near Nashville, Tenn., reached out to Valuation Review to share his thoughts.

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Housing Market Valuation Review Government Marketing 78

Appraisal Buzz

OCTOBER 13, 2021

As more and more people look to add affordable housing to existing land, Finance of America Mortgage LLC, (FAM) has launched new loan product that will enable homeowners to refinance loans used to build accessory dwelling units to take advantage of current ultra-low interest rates. The new refinance option will be available to some borrowers who have both a primary … The post Finance of America Launches New Loan Program appeared first on theMReport.com.

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Finance Appraisal Mortgage 195

Valuation Review

OCTOBER 13, 2021

Planet Home Lending, LLC, a national lender and servicer, has hired Andrew Watson as senior vice president, Contact Center. A well-regarded mortgage servicing leader, Watson has experience in strategically elevating the call-center customer experience.

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Lamacchia Realty

OCTOBER 13, 2021

HOW MANY HOMES SHOULD I SEE BEFORE MAKING AN OFFER? Buying a home is the largest financial transaction most people ever experience. It’s valued typically at the most money they’ll ever spend on anything and so being practical is necessary but often the secondary emotion because it’s also highly personal. When making such a huge decision, buyers often wonder how many homes they should see before they make an offer on the one they like.

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Buyers Realtors Realty Open Houses 69

Valuation Review

OCTOBER 13, 2021

President Joe Biden has nominated Alanna McCargo, a senior advisor for housing finance within the U.S. Department of Housing and Urban Development, to be the new head of Ginnie Mae. If confirmed, McCargo would be the first permanent leader of Ginnie Mae in almost five years since President Ted Tozer resigned in 2017.

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