Tue.Nov 23, 2021

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How to help homeowners make the most of home equity

Housing Wire

As home equity reached another record high this year, mortgage companies have a big opportunity to help homeowners understand how to better manage or leverage their home’s equity to improve their housing and overall financial outlook. Even as rates are slowly beginning to increase, cash-out refinancing options are still a relevant and potentially beneficial option for many as the amount of equity in homes reaches new levels.

Investing 421
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Home Sales Continue Resilient Push in October

Appraisal Buzz

Despite mounting affordability challenges, existing-home sales continued to push upward, rising a slight 0.8% over September’s totals. The post Home Sales Continue Resilient Push in October appeared first on DSNews. The post Home Sales Continue Resilient Push in October appeared first on Appraisal Buzz.

Appraisal 195
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Opinion: Pass the Neighborhood Homes Investment Act

Housing Wire

A shortage of affordable starter homes is thwarting aspiring first-time homebuyers and fueling inflation in home prices. At the same time, many urban and rural communities are struggling for stability and vitality. It’s a fact: the homeownership gap between Black and white households is wider now than when the Fair Housing Act was passed in 1968. The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes

Investing 433
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Existing-Home Sales Rise for Second Consecutive Month

Appraisal Buzz

A slight month-over-month uptick of 0.8% in October continued the trend of a second straight month of gains for this metric. The post Existing-Home Sales Rise for Second Consecutive Month appeared first on theMReport.com. The post Existing-Home Sales Rise for Second Consecutive Month appeared first on Appraisal Buzz.

Appraisal 195
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Interfirst Mortgage to lay off nearly 50 LOs

Housing Wire

Chicago-based Interfirst Mortgage Co. will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

Mortgage 373
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Foreclosure Starts Increase in October

Appraisal Buzz

Citing the need to closely monitor foreclosure numbers after the Federal Foreclosure Moratorium expired in July, Black Knight has revealed a “first-look” at its data for October 2021. According to the preliminary release, the national delinquency rate fell another 4.5% to 3.74% in October. This is the second consecutive month delinquency rates have been below 4% in the last 18 months.

Appraisal 195

More Trending

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Strong Auction No Match For Bond Bears; Highest Rates Since April

Appraisal Buzz

Strong Auction No Match For Bond Bears Today’s 7yr auction was the biggest potential source of volatility for the bond market. After it came out with relatively strong stats, we were treated to a logical rally. Unfortunately, that rally was very small, very brief, and it occurred only after yields had already drifted up several bps on the day.

Appraisal 195
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Guaranteed Rate’s Shant Banosian clears $2B in originations in 2021

Housing Wire

Guaranteed Rate ’s Shant Banosian has topped his record-setting 2020 in a big way: year-to-date, the loan officer has funded a whopping $2 billion in total origination volume, the lender announced on Tuesday. The figure is believed to be a record for a retail loan originator. Banosian, who has several dozen team members, has funded over $7 billion loans throughout his career.

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FREE Webinar with Fannie Mae: Desktop Appraisals, Measuring and Calculating GLA, and Other Appraisal Topics

Appraisal Buzz

On Wednesday, December 8, 2021, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Fannie Mae Q4 2021 Appraisal Update.” In this special interactive webinar, you’ll hear information on desktop appraisals and measuring and calculating GLA. Fannie Mae representatives will be on hand to answer your questions on these topics and more.

Appraisal 195
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Never Sacrifice Quality in the Name of Efficiency

The Appraiser Coach

There are no magic beans or secret sauce that you can use to suddenly make your life better. It’s actually about little tweaks; it’s a bunch of little things that. Read More.

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Accurate Group Acquires eMerge Property Solutions

Appraisal Buzz

Accurate Group , a provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, has acquired eMerge Property Solutions, a company supplying broker price opinions (BPOs) and other alternative valuation solutions. Accurate Group is accelerating its growth plan following a significant strategic investment by Novacap , a North American private equity firm, in August.

Valuation 195
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5 Fields to Add to Your Digital Safe Work Method Statements (SWMS)

GoForrmz

Leverage these powerful fields in your digital safe work method statements Rigid paper documents are a painful, tedious task to complete – especially when coordinating with collaborating teams. Safety documentation is such a critical component to the operational workflow of construction teams – requiring a comprehensive breakdown of understanding of potential work safety hazards.

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Clarifire Adds Default and Loss Mitigation Specialist to Advisory Board

Appraisal Buzz

Thirty-year industry executive Doug Jorgenson added to expand Clarifire’s market share. The post Clarifire Adds Default and Loss Mitigation Specialist to Advisory Board appeared first on DSNews. The post Clarifire Adds Default and Loss Mitigation Specialist to Advisory Board appeared first on Appraisal Buzz.

Appraisal 195
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How Mobile Online Form Sharing Can Streamline Applications

GoForrmz

Seamlessly collect better data by taking your applications digital with an online form builder Share digital applications that are simple for your recipients to fill out and return back to you in real-time. Form submissions via paper applications can be a tedious task to process for team members. Now, with drag and drop features, you can build mobile forms that look exactly like your paper form.

Marketing 147
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Wyndham Capital Taps New Head of Compliance

Appraisal Buzz

With more than 30 years in the industry, Melissa Smith has joined fintech mortgage lender to navigate the firm through the shifting compliance and regulatory landscape. The post Wyndham Capital Taps New Head of Compliance appeared first on theMReport.com. The post Wyndham Capital Taps New Head of Compliance appeared first on Appraisal Buzz.

Appraisal 195
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Multifamily Condo Production Showing Gains?

Eyes on Housing

According to NAHB analysis of quarterly Census data, the market share of rental units of multifamily construction starts declined to 93.4% during the third quarter of 2021. This is the lowest share since the first quarter of 2020. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. An.

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Homeowner Engagement Vital to Forbearance Crisis

Appraisal Buzz

John Dunnery of Community Loan Servicing found that the servicing sector took lessons from the past and employed them to deal with the pandemic. He shares his thoughts in an exclusive chat with DS News. The post Homeowner Engagement Vital to Forbearance Crisis appeared first on DSNews. The post Homeowner Engagement Vital to Forbearance Crisis appeared first on Appraisal Buzz.

Appraisal 195
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FREE Webinar with Fannie Mae: Desktop Appraisals, Measuring and Calculating GLA, and Other Appraisal Topics

McKissock

On Wednesday, December 8, 2021, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Fannie Mae Q4 2021 Appraisal Update.” In this special interactive webinar, you’ll hear information on desktop appraisals and measuring and calculating GLA. Fannie Mae representatives will be on hand to answer your questions on these topics and more.

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Remaining Ahead of the Wave

Appraisal Buzz

In dealing with the current forbearance exodus, John Dunnery of Community Loan Servicing shares with The MReport that consistent dialogue with the customer is key to loan re-performance. The post Remaining Ahead of the Wave appeared first on theMReport.com. The post Remaining Ahead of the Wave appeared first on Appraisal Buzz.

Appraisal 195
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Dawn Kelley Qualifies for the 2021 President’s Club

Lamacchia Realty

Dawn Kelley has officially qualified for the 2021 President’s Club by surpassing 33 sales this year! This is Dawn’s first time qualifying for this distinction and we couldn’t be more excited for her. Dawn is consistently recognized as a Top Producer in the Worcester office and throughout the company, most recently in October. She was also recognized as a Top Producer company-wide for 2020 and as a 2021 RACM Top Producer.

Realty 74
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Never Sacrifice Quality in the Name of Efficiency

Appraisal Buzz

There are no magic beans or secret sauce that you can use to suddenly make your life better. It’s actually about little tweaks; it’s a bunch of little things that … Read More. The post Never Sacrifice Quality in the Name of Efficiency appeared first on Appraisal Buzz.

Appraisal 150
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Will Rising Interest Rates Tank the Housing Market?

BiggerPockets

The housing market remains on solid footing heading into 2022, but there are some threats to property prices that investors should pay attention to. .

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Investors Acquire a Record 90,000+ Homes in Q3

Appraisal Buzz

Spurred by lingering inventory concerns and continued low rates, real estate investors bought a record 18% of the total homes sold, according to a new report. The post Investors Acquire a Record 90,000+ Homes in Q3 appeared first on theMReport.com. The post Investors Acquire a Record 90,000+ Homes in Q3 appeared first on Appraisal Buzz.

Investors 150
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Can a Landlord be Held Liable for Nuisance Tenants?

Mashvisor

Being a landlord is a considerable responsibility, and on the whole, most of your tenants will be law-abiding and considerate ones.

Tenants 74
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Properties in Opportunity Zones Keep Pace with the Market

Appraisal Buzz

A welcome sign—which points to a continuously improving economy—is that homes in low-income Opportunity Zones are keeping pace with the real-estate market as properties in 62% of these areas saw an increase in values during the third quarter. Low-income Opportunity Zones were established by Congress in the Tax Cuts and Jobs Act of 2017. This created a collection of 5,402 economic zones consisting of census … The post Properties in Opportunity Zones Keep Pace with the Market appeared first

Marketing 195
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RISMedia’s November 2021 Digital Magazine

McKissock

At McKissock Learning, we want our customers to have all the resources they need to be successful in real estate. That’s why we’ve teamed up with RISMedia , the leading provider of the most relevant and up-to-date information related to the residential real estate market. As their Strategic Education Partner, we are able to give our customers free access to the digital edition of the RISMedia monthly magazine.

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How are Opportunity Zones faring during the Pandemic?

Appraisal Buzz

A welcome sign—which points to a continuously improving economy—is that homes in low-income Opportunity Zones are keeping pace with the real-estate market as properties in 62% of these areas saw an increase in values during the third quarter. Low-income Opportunity Zones were established by Congress in the Tax Cuts and Jobs Act of 2017. This created a collection of 5,402 economic zones consisting of census … The post How are Opportunity Zones faring during the Pandemic?

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7 Signs of a Bad Real Estate Agent

Mashvisor

Are you looking to buy or sell a property? A friend has recommended a real estate agent they know from high school.

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How to Protect Your Florida Roof

Lamacchia Realty

HOW TO PROTECT YOUR FLORIDA ROOF. A home’s foundation and roof are the two most important things that keep everything together. Making sure that your home is safe is of the utmost importance. Unfortunately, people need to worry about this more than others in certain places or, better yet, in certain climates. Florida, although a beautiful place, has some unfortunate weather conditions from time to time.

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Financial Literacy Month a year-round opportunity for brokers

Mortgagebroker News

Community Trust believes that educating clients on the basics is a valuable business-building technique

Clients 69
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Airbnb Damage Policy: What Every Host Should Know

Mashvisor

Owning an Airbnb rental property is a great way to invest in real estate.

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CMBA hosts "uplifting" charity night in support of SickKids

Mortgagebroker News

The event convened Ontario mortgage professionals in aid of a worthy cause

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Rookie Podcast 133: From Server to Landlord with 10+ Units at 24 Years Old

BiggerPockets

What if you knew you could be fresh out of college and already owning property? Why wait for a “stable career” to start building wealth when you can dive into […].

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Monthly sales price growth evident in most markets – StatCan

Mortgagebroker News

The October pace of growth was faster than the rate seen over the prior four months, agency says