Mon.Nov 22, 2021

article thumbnail

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. Early in the year, I had discussed that if existing home sales stay in a range between 5.84 million and 6.2 million, that would mean it’s a good year for housing demand.

Inventory 536
article thumbnail

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. The post Fairway Independent Mortgage Names Two to Executive Team appeared first on Appraisal Buzz.

Mortgage 221
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Powell’s response to the COVID-19 pandemic, in the form of aggressive monthly asset purchases beginning in March 2020, set off an extraordinarily profitable year for the mortgage industry.

article thumbnail

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. However, serious delinquencies remain elevated and, as pandemic related forbearance plans expire, it is expected that foreclosures will rise.

Mortgage 195
article thumbnail

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. The discussion, which will feature speakers from the National Association of Home Builders, Land Gorilla and On Q Financial, will also focus on how a lack of supply is impacting housing affordability. Panelists.

article thumbnail

Ncontracts Acquires the OnSemble Intranet Portal

Appraisal Buzz

Ncontracts , a provider of integrated risk management solutions for the financial services industry, has acquired the OnSemble intranet portal from Passageways, Inc. Terms of the deal were not divulged. The OnSemble intranet portal provides a full communication platform that activates a company’s culture by keeping employees informed, aligned, engaged and enabled.

Appraisal 195

More Trending

article thumbnail

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. , thus enabling mortgage lenders to incorporate title fees into custom total cost analysis (TCA) presentations, providing consumers with greater insight into their closing costs.

Mortgage 195
article thumbnail

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. Join us for a discussion on how to address these challenges and learn why increasing minority homeownership is critical to a lender’s growth and sustainable success. iEmergent CEO Laird Nossuli will speak with Homeownership Council of America President Gabe Del Rio, National Association of Minority Mortgage B

Lending 390
article thumbnail

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.

Appraisal 195
article thumbnail

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. CoreLogic Chief Economist Frank Nothaft, CoreLogic Senior Leader, Advanced Delivery Engines Sapan Bafna and Pete Carroll, CoreLogic executive of public policy and industry relations, will be joined by Meg Burns, E

Mortgage 370
article thumbnail

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.

article thumbnail

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. The Q&A was hosted in the HW+ Slack channel, which is exclusively available to members.

Agents 369
article thumbnail

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. It provides permanent supportive housing so that people who have experienced homelessness, prolonged extreme poverty, poor health, disabilities, mental illness and/or addiction can lead safe, stable lives in wellness.

Appraisal 195
article thumbnail

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. ” — Kenneth Reyes, Director of Marketing & Systems, Strategic Sanitation Services. Challenge Strategic Sanitation Services needed means of efficiently accessing field data for internal and client-facing reporting.

Clients 148
article thumbnail

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
article thumbnail

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. In Australia under their OHS regulations, construction Safe Work Method Statements (SWMS) are used as a required safety form that outlines all high-risk activities and associated hazards on a job site, as well as the safety measures in place to manage and con

Business 147
article thumbnail

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. I had a former sale from six months prior in MLS, which also showed an interior without updates.

article thumbnail

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. Still, appraisers were resilient and maintained high levels of productivity. Read on for more.

article thumbnail

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. Currently, there is no standardized process for reviewing pre-closing title data and documents. It differs from agent to agent, resulting in delayed document review and inefficiencies in pre-close procedures, MISMO says in a release.

Agents 195
article thumbnail

Real Estate Cloud Software: Running Your Business on the Cloud

McKissock

Five years ago if someone would have told you in the future there would never be a need for you to save another file to your computer again—you probably would have been confused and mystified. However, today more real estate professionals are transitioning over to the cloud either part- or full-time. It might be the case that you can transition the bulk of your work over to the internet—making it accessible anytime and anywhere.

article thumbnail

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.

article thumbnail

BiggerPockets Podcast 535: Keep, Refi, or Sell and Scale? | Live Portfolio Analysis

BiggerPockets

It has finally been decided. In the eyes of bidders at BPCon’s 2021 Coaching Call Auction, David Greene is worth more than Brandon Turner. Yes, that’s right, our beloved host […].

article thumbnail

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. First American, a company which offers title insurance, settlement services, and risk solutions for real estate transactions, released its Potential Home Sales Model for the month of October which “measures what the healthy market level of home sales should … The post October Housing Market Exceeds Expectation

article thumbnail

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.

article thumbnail

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. First American, a company which offers title insurance, settlement services, and risk solutions for real estate transactions, released its Potential Home Sales Model for the month of October which “measures what the healthy market level of home sales should … The post What is Keeping the Market Up?

Marketing 195
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

What Does Superhost Mean on Airbnb? Is It Worth It?

Mashvisor

There’s more than one type of Airbnb host. There are standard hosts, and then there are Airbnb Superhosts that have proved to be a cut above the rest.

article thumbnail

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.

article thumbnail

What Are the VA Loan Benefits for Disabled Veterans?

Quicken Loans

Disclaimer: Beginning January 1, 2020, the VA funding fee will be changing to a range of 1.4% – 3.6% based on factors like your down payment or equity amount, your service status and whether this is a first or subsequent use of a VA loan. The VA loan is a great option for any eligible veteran, active-duty service member or surviving spouse. It offers the chance to get into a home without a down payment and a one-time funding fee in place of mortgage insurance.

article thumbnail

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. Read on for the conclusion to this story.

article thumbnail

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.

article thumbnail

Mortgage Monday – Week of November 15 | Total Mortgage Blog

Total Motgage

The slow mortgage rate climb continues on. Read more about it and get a refresher on other important news in this week’s industry update.