Thu.Sep 16, 2021

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What’s behind the sharp decline in mortgage delinquencies?

Housing Wire

As the summer comes to an end, several issues are top of mind for everyone: the impact of the Delta variant, the debate over when the Federal Reserve will taper its asset purchases, the situation in Afghanistan, and the federal debt limit and budget debate. When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners.

Mortgage 485
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Protected: Consolidated Analytics Onboards All-Star Valuation Leadership Team

Appraisal Buzz

This content is password protected. To view it please enter your password below: Password: The post Protected: Consolidated Analytics Onboards All-Star Valuation Leadership Team appeared first on Appraisal Buzz.

Valuation 370
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Mortgage rates still flat at 2.86%

Housing Wire

The average 30-year-fixed mortgage continued to hover around the 2.86% mark for the week ending Sept. 16, according to Freddie Mac ‘s latest PMMS survey. Mortgage rates have been around that mark for roughly two months, leading economists at Freddie Mac to liken it to “Groundhog Day.” “The holding pattern in rates reflects the markets’ view that the prospects for the economy have dimmed somewhat due to the rebound in new COVID cases,” said Sam Khater, Freddie Mac’s chief econom

Mortgage 479
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ACES: Rate of Critical Defects in Closed Mortgages Fell Again in Q1

Appraisal Buzz

The rate of critical defects in mortgage loans post-closing fell to 2.01% in the the first quarter, down from 2.09% in the fourth quarter of 2020, according to the ACES Mortgage QC Industry Trends Report. It was the second consecutive quarter that the overall rate of defects decreased, helping to reverse a spike that came in the second quarter of 2020.

Mortgage 195
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Student loan debt delays homebuying timeline

Housing Wire

Over half of non-homeowning millennials (60%) say student loan debt is delaying them from purchasing a home, making them the population most affected by student debt , according to the National Association of Realtors’ 2021 impact of student loan debt report. By comparison, only 53% of Gen Xers, 37% of Baby Boomers and 39% of Gen Zers felt this way, according to the study.

Realtors 397
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Most Valuable Company Profile: Insight One Solutions

Appraisal Buzz

Insight One Solutions and its affiliates—Sortis Financial, Mortgage Specialists International (MSI), Williams & Williams Auction, and I Property Claim (IPC)—offer customers a unique, end- to-end experience with insights into the entire big picture and the stability to plan long-term while retaining the independence that comes with being privately held.

Business 195

More Trending

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Healthy Mix of Refis and Purchases in July; Highest Rates in a Week as Retail Sales Surge

Appraisal Buzz

Refinancing and home purchases had a nearly even share of mortgage originations in July. ICE Mortgage Technology said that 50 percent of closed loans during the month were purchase mortgages while 49 percent were for refinancing. Refinancing, however, continued to dominate the conventional market at 54 percent of those loans. The share among FHA loans was 22 percent and refis accounted for 32 percent of VA loans.

Retail 195
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HW+ Member Spotlight: Kris Kully

Housing Wire

Kris Kully, Partner at Mayer Brown. We’re excited to kick off our weekly HW+ member spotlight! For the first HW+ spotlight, we’re featuring Kris Kully, a partner at Mayer Brown. Kully previously worked at the Department of Housing and Urban Development as a senior attorney, in the legal division at Fannie Mae and as a partner at K&L Gates.

Finance 384
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Home Sales Fall 6% in August 

Appraisal Buzz

For the first time in 15 months, home sales have slowed, as 52% of homes are still selling above their list price as inventory remains restricted in most metros. . The post Home Sales Fall 6% in August appeared first on DSNews. The post Home Sales Fall 6% in August appeared first on Appraisal Buzz.

Inventory 195
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ProTip: Leverage This Form Sharing Feature to Simplify HR Documentation

GoForrmz

Easily create and share digital forms with new hires and current employees Human resources departments often manage a company’s employees, new hire onboarding , recruiting, training, and all other related documentation. The tasks performed within this department range from arranging company benefits to hiring and onboarding employees - all requiring signed documents and creating paper pile-ups.

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Home Prices Continue to Rise as Inventory Shrinks

Appraisal Buzz

A new study from Redfin has found the typical home was only on the market for 16 days, with lingering short supply driving demand. The post Home Prices Continue to Rise as Inventory Shrinks appeared first on theMReport.com. The post Home Prices Continue to Rise as Inventory Shrinks appeared first on Appraisal Buzz.

Inventory 195
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Top 6 Commercial Appraisal FAQ’s

Simonson Real Estate

So, you are getting ready to request an appraisal on a potential commercial property deal but have a few questions before you decide on what appraisal company to use. We’ve compiled the top six most frequently asked questions about our industry and appraisal reports so that you can navigate the appraisal world with ease. Let’s jump straight into it.

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WFG National Title Insurance Company Hires New VP 

Appraisal Buzz

Jason Vasek appointed VP of Strategic Growth to expand the company’s presence in the southern Texas market. . The post WFG National Title Insurance Company Hires New VP appeared first on DSNews. The post WFG National Title Insurance Company Hires New VP appeared first on Appraisal Buzz.

Insurance 195
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Is That Emotional Support Animal Letter Genuine? Here’s How to Tell

BiggerPockets

Validating an emotional support animal (ESA) allows tenants with a disability to keep an animal in a rental unit. But landlords face the challenge of making sure the ESA letter is genuine.

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Redfin: Home Sales Down 6 Percent Year Over Year, Prices Keep Rising

Appraisal Buzz

According to a new report from Redfin , the national median home-sale price rose 16% year over year to $380,271 in August, marking the 13th consecutive month of double-digit price gains but the lowest growth rate since February. Moreover, seasonally adjusted home sales in August were down 6% from a year earlier – the first annual decline in 15 months.

Appraisal 195
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BiggerPocket Money Podcast 232: Finance Friday: What Would You Do With an Extra $100k Per Year?

BiggerPockets

Kari and her wife made some big moves over the past few years. They packed up their stuff and left the San Francisco Bay Area for a relocation in the […].

Finance 61
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Announcing Five Star’s Laurie Maggiano Executive of the Year Finalists

Appraisal Buzz

During the 2021 Five Star Conference, women making a difference in the industry will be honored, as we get to know the nominees who have left an indelible impact on the industry as finalists for the Laurie Maggiano Executive of the Year. The post Announcing Five Star’s Laurie Maggiano Executive of the Year Finalists appeared first on DSNews. The post Announcing Five Star’s Laurie Maggiano Executive of the Year Finalists appeared first on Appraisal Buzz.

Appraisal 195
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Election 2021: the mortgage industry has its say

Mortgagebroker News

As the federal election draws closer, mortgage professionals spoke with CMP about what’s caught their attention during the campaign

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Recognizing the Women Who Have Impacted the Industry

Appraisal Buzz

Women pioneers in the mortgage space will be recognized in-person, in Dallas at the upcoming Five Star Conference, as we spotlight the five nominees for the Laurie Maggiano Executive of the Year Award. The post Recognizing the Women Who Have Impacted the Industry appeared first on theMReport.com. The post Recognizing the Women Who Have Impacted the Industry appeared first on Appraisal Buzz.

Appraisal 195
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Inflation rate surges to highest level in almost two decades

Mortgagebroker News

Latest figures come just days before a federal election where affordability has become a hot-button issue

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HUD Announces Another Round of Staff Appointments

Appraisal Buzz

When Marcia Fudge became Secretary of the U.S. Department of Housing and Urban Development earlier this year, she said she faced a staffing shortage that undermined the department’s ability to most-effectively carry out and implement housing programs, as she explained to U.S. Senators last June. Since then the department has been appointing personnel at all … The post HUD Announces Another Round of Staff Appointments appeared first on theMReport.com.

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Moving for a Job? Here’s What to Know Before Relocating

Lamacchia Realty

MOVING FOR A JOB? HERE’S WHAT TO KNOW BEFORE RELOCATING. Moving to a new city for a new job can be scary; you never know what to expect when you get there. With some of these tips, your move should go as smoothly as possible and make you feel comfortable with your decision to relocate ! Ask About Relocation Benefits. Like negotiating a job offer, this one might need to be arranged lightly.

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Mortgage Rates Dip and Continue to Hover Below the 3% Mark

Appraisal Buzz

Mortgage rates continue to linger in ref-friendly territory, dropping week-over-week, according to Freddie Mac’s weekly report. The post Mortgage Rates Dip and Continue to Hover Below the 3% Mark appeared first on theMReport.com. The post Mortgage Rates Dip and Continue to Hover Below the 3% Mark appeared first on Appraisal Buzz.

Mortgage 195
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Home sales dip, but prices still higher than last year – CREA

Mortgagebroker News

Housing market seems to be stabilizing between pre- and peak-pandemic levels, says expert

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Home Flips Rebound, ROI Plummets

Appraisal Buzz

The market share of houses bought, remodeled, and sold by investors increased for the first time in a year, but, as one expert puts it, “Their profits sure didn’t.” The post Home Flips Rebound, ROI Plummets appeared first on DSNews. The post Home Flips Rebound, ROI Plummets appeared first on Appraisal Buzz.

Investors 195
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Preparing Your Home for the Fall

Eppraisal

Preparing your home for fall should be an annual ritual. It is also a great time to make simple improvements which can save you money on repairs down the road. Service Your Heater Hire a heating, ventilation and air conditioning (HVAC) company to come to your home and perform a "clean and check" service on your heater. Many companies will offer a discount if you have your air conditioning cleaned and checked at the same time.

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With the Adverse Market Refinance Fee Eliminated, It’s a Great Time to Refinance

PennyMac

Highlights: The Adverse Market Refinance Fee explained. The Adverse Market Refinance Fee is eliminated. Why it’s an ideal time to refinance. Benefits of refinancing. What Is the Adverse Market Refinance Fee? The.05% Adverse Market Refinance Fee was a fee added to refinanced mortgages backed by government agencies in 2020. It was charged to lenders to help cover projected losses as a result of the COVID-19 pandemic and was usually passed on to homeowners either as an addition to their closing cos

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What Is a Pocket Listing? Should You Use It to Sell Your Property?

Mashvisor

Are you planning to sell your home?

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Future elected officials need to look at housing “with a climate change lens” – BCREA

Mortgagebroker News

Industry body urges officials to develop housing policy with climate change in mind

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The “Science” Behind Residential vs. Commercial Real Estate Appraisal

The Robert Weiler Company

With the global economy rebounding from its pandemic lows, residential and commercial property hunters are again on the prowl, eager for exciting opportunities at optimal prices. The question is, how exactly is property value determined? And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed.

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APOLLO Insurance announces partnership with Homewise

Mortgagebroker News

Broker gains access to online platform

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Case-Shiller: Home Prices Soar at Record Pace in June

Empire Appraisal Group

Case-Shiller: Home Prices Soar at Record Pace in June. Source: Case-Shiller: Home Prices Soar at Record Pace in June | Florida Realtors. By Christopher Rugaber. While housing price gains may be starting to slow, Case-Shiller’s June report found a year-to-year increase of almost 20%. One Case-Shiller analyst called the past few months “extraordinary not only in the level of price gains but in the consistency of gains across the country.”.

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Who should be in the Hall of Fame?

Mortgagebroker News

CMP is calling for entries for its annual Hall of Fame showcase

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Custom Home Building Share Declines

Eyes on Housing

According to data from the Census Bureau’s Survey of Construction (SOC), the custom home share decreased to 17.8 percent of all single-family homes started in 2020—the lowest the annual custom home share has been since the 2005 re-design of the SOC. The custom home market consists of contractor-built and owner-built houses—homes built one at a time for owner occupancy on.

Design 142