Mon.Nov 22, 2021

Existing home sales now outperforming

Housing Wire

The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 million. This number is above my trend sales peak of 6.2 million and that means we have had back-to-back existing home sales prints of over 6.2 million.

Fairway Independent Mortgage Names Two to Executive Team

Appraisal Buzz

In a move to strengthen its compliance management, Fairway Independent Mortgage adds new EVP of Fair Lending and EVP of Business Development. The post Fairway Independent Mortgage Names Two to Executive Team appeared first on theMReport.com.

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Stewart Title shows no signs of slowing down expansion

Housing Wire

Stewart Title has acquired Las Cruces Abstract and Title according to an announcement made Friday. Founded in 1926, Las Cruces Abstract and Title serves Dona Ana, Hidalgo and Luna Counties in southern New Mexico.

MISMO Seeks Participants to Help Standardize Pre-Closing Title Document Datasets

Appraisal Buzz

MISMO , the real estate finance industry’s standards organization, is seeking participants for a new initiative focused on standardizing pre-closing title document datasets in order to streamline the business process and improve efficiency.

Agents 195

Second term for Powell, Brainard to be Fed vice chair

Housing Wire

President Joe Biden nominated Jerome Powell for a second term as Federal Reserve chair, and elevated Lael Brainard to vice chair, the No. 2 position at the central bank.

Mortgage Delinquencies Continued to Drop in October, But Foreclosure Starts Inched Up

Appraisal Buzz

Mortgage delinquencies continued to drop during October, falling to just 3.74% of all loans, according to Black Knight’s First Look report. That’s a decrease of 4.25% compared with September and down a whopping 42% compared with October 2020.

Lunch & Learn about Low Housing Supply, Lumber and Homebuilding

Housing Wire

This Lunch and Learn will examine the nation’s lack of housing inventory and the factors that have contributed to a decline in homebuilding.

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Opportunities and Challenges: Unpacking the lender’s vital role in increasing minority homeownership

Housing Wire

The challenges that lenders, real estate professionals and communities face as they work to increase homeownership among minorities and promote equity in lending can seem too big to tackle.

Mortgage Coach Now Integrated with First American

Appraisal Buzz

Mortgage Coach , a borrower conversion platform empowering mortgage lenders to educate borrowers with interactive presentations that model home loan performance over time, is now integrated with First American Title Insurance Co.

How Mortgage Blockchain Works & When It Will Go Mainstream

Housing Wire

Mortgage blockchain disruption is already here, so it’s time to learn how blockchain works instead of saying it’s “a solution looking for a problem” in housing finance.

October Housing Market Exceeds Expectations

Appraisal Buzz

According to First American Financial Corporation, the housing market strengthened on a modest basis in October saying that strong demand continues to push the market upwards.

Inside the Realogy-Blackstone iBuying venture

Housing Wire

Realogy says it is real serious about its two-year-old iBuying division, RealSure.

What is Keeping the Market Up?

Appraisal Buzz

According to First American Financial Corporation, the housing market strengthened on a modest basis in October saying that strong demand continues to push the market upwards.

The latest economic and policy trends facing mortgage servicers

Housing Wire

As 2022 rapidly approaches, industry experts are gathering to give an industry update on all things servicing. Join us for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

Sagent to Power Servion’s Servicing Ops

Appraisal Buzz

New deal will enable credit union servicing organization to increase its ROI via Sagent’s servicing tech offerings. The post Sagent to Power Servion’s Servicing Ops appeared first on DSNews. The post Sagent to Power Servion’s Servicing Ops appeared first on Appraisal Buzz. Around The Web

RE/MAX Gold Nation’s James O’Bryon on growing a top real estate brokerage

Housing Wire

If you added up the impact that HousingWire’s Vanguard winners have had on the industry, you’d likely have a comprehensive list of the initiatives that have moved markets forward. These are the leaders who have dreamt, shaped and molded a better way to execute the home-buying journey.

Existing Home Sales Rise Slightly but Inventory Tightens Again; Rates Rise After Powell and Auctions

Appraisal Buzz

Existing home sales moved higher in October, the second consecutive month of growth. The National Association of Realtors® (NAR) said sales of pre-owned single-family houses, townhomes, condos and cooperative apartments was at a seasonally adjusted annual rate of 6.34 million units. This was 0.8

What is the next step for NAR?

Housing Wire

In this Q&A, Senior Real Estate Reporter Matthew Blake gives HW+ members the inside scoop on what happened at NAR ‘s annual conference. Blake breaks down his biggest takeaways from the conference as well as what realtors should expect from the NAR agenda next year.

Default Rate Increases for GSE-Backed Loans

Appraisal Buzz

The results are in and over the course of the second quarter the default risk of government-sponsored enterprise (GSE) backed loans rose by 0.28% to 1.48% for acquisitions originating in the second quarter.

Single-Family Home Size Continues to Trend Higher

Eyes on Housing

An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. Recent data confirms this impact on the market continues to occur.

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Default Rate Increases for GSE Backed Loans

Appraisal Buzz

The results are in and over the course of the second quarter the default risk of government-sponsored enterprise (GSE) backed loans rose by 0.28% to 1.48% for acquisitions originating in the second quarter.

Trainees need diversification, industry veteran says

Valuation Review

Valuation Review concludes its conversation with Appraisal Institute Government/External Relations Director Bill Garber, who expands upon the subject matter of appraiser trainees moving forward. Garber also discussed the key roles regulatory agencies will play within the appraisal arena.

Home Values Appreciate 19.2% YoY in October

Appraisal Buzz

A seasonal slowdown in purchase activity has not dampened home values, as the limited supply remains priced at a premium. The post Home Values Appreciate 19.2% YoY in October appeared first on DSNews. The post Home Values Appreciate 19.2% YoY in October appeared first on Appraisal Buzz.

Surviving adverse times allows appraisers to give thanks, again

Valuation Review

As is the Thanksgiving holiday tradition at Valuation Review, we reached out to appraisers, and others asking them what they are thankful for this year. There were times of despair, for sure, with the COVID-19 and the delta variant cloud hovering over many businesses.

Freddie Mac Sells $16.6 Million in Residential First Lien Loans

Appraisal Buzz

Freddie Mac has sold via auction 68 non-performing residential first lien loans (NPLs) serviced by Select Portfolio Servicing Inc. to Restora LLC. Restora LLC is majority owned by Restorative Neighborhood Resources LLC (RNR). Skid Row Housing Trust is the sole member of RNR.

SitusAMC adds employees

Valuation Review

SitusAMC has hired more than 1,500 employees to boost support capacity for both originations and secondary market due diligence. The expansion is expected to expedite the flow of loans into private-label securitizations

Home Buying Competition Begins to Ease

Appraisal Buzz

A new report finds that the seasonal fall market, while still hot, is cooling and buyers who waited out the storm will benefit. The post Home Buying Competition Begins to Ease appeared first on theMReport.com. The post Home Buying Competition Begins to Ease appeared first on Appraisal Buzz.

Buyers 195

Stoiclane acquires AMC

Valuation Review

StoicLane, a long-term growth platform making controlling and strategic minority investments in the finance, insurance and real estate, recently closed on a majority stake in appraisal management company Lender’s Valuation Services (LVS). StoicLane and LVS intend to work together to drive innovation and growth in the appraisal industry

When in Doubt, Give the Homeowner a Shout

Appraisal Buzz

Last October, I left my office to perform an exterior inspection for an appraisal in Mauldin, South Carolina. COVID-19 Exterior Assignments and Desktop Assignments were then the norm. The subject appeared to be a normal ranch house and had no signs of updates from the exterior.

Reggora platform selected to modernize appraisal operations

Valuation Review

Reggora, an appraisal software company, announced Guaranteed Rate has selected its appraisal management technology to support the production of all loans requiring an appraisal. Proper Rate, a Guaranteed Rate Joint Venture, will implement Reggora’s software to streamline its appraisal process

Existing-Home Sales Slowly Grew in October

Appraisal Buzz

Existing-home sales increased in October, marking two straight months of growth, according to the National Association of Realtors (NAR). Two of the four major U.S. regions saw month-over-month sales climb, one region reported a drop and the fourth area held steady in October.

Housing market factors to consider

Valuation Review

Is the glass half-empty or half-full? CapWealth founder, Chairman and Chief Investment Officer Tim Pagliara, also a ForbesBooks author, answers that question and others in his article “Cooling or Collapsing? Key Factors to Consider About the Housing Market.” Read on to learn more

Apps for New Home Purchases Dip 15.2% YoY in October

Appraisal Buzz

Still hampered by supply-chain concerns, home builders slowed their pace in October, with buyers continuing to absorb a 12.3% annual increase in construction costs. The post Apps for New Home Purchases Dip 15.2% YoY in October appeared first on theMReport.com. The post Apps for New Home Purchases Dip 15.2% YoY in October appeared first on Appraisal Buzz. Around The Web

Customer Story: Strategic Sanitation Services

GoForrmz

“ The ability to get instant access to data to test assumptions and make decisions is the biggest benefit. And that takes for granted all of the other benefits, like much faster operations in the field and the ability to have everything digital. ”

10 Best Places to Buy Real Estate in 2022

Mashvisor

If you are thinking about starting or expanding your real estate portfolio, check out our list of the ten best places to buy real estate in 2022. Despite COVID-19 defying… Investor Blogs Top Locations Investment Portfolio Location Market Analysis Out of State Investing Return on Investment

Why Your Business Should Leverage Digital Safe Work Method Statements (SWMS)

GoForrmz

Highlight high-risk construction work activities and capture critical safety information with digital SWMS forms Regardless of the country or location of a project, the construction industry relies heavily on safety measures and procedures.

The Investors Guide to Buying a Flipped House

Mashvisor

Flipped properties are hidden gems: they’re located in decent environments, already renovated and upgraded, and move-in ready.