Wed.Jan 12, 2022

Housing inventory crisis continues in 2022

Housing Wire

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory.

The Year Ahead for Appraisers

Appraisal Buzz

In today’s Buzzcast, we dive into the new year and what to expect in the appraisal industry for 2022. Today we have Joan Trice, Founder of Clearbox, LLC., and Steven French, CEO of SettlementOne Valuation, LLC.

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Purchase loans drive mortgage applications higher

Housing Wire

Mortgage applications climbed 1.4% for the week ending Jan. 7, 2022, according to a survey published by the Mortgage Bankers Association this week. The growth was buoyed by a 2% increase in the trade group’s seasonally adjusted purchase index, the MBA said.

Slight Increase Seen for Mortgage Applications, MBA Weekly Survey Shows

Appraisal Buzz

Mortgage applications increased 1.4% from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending January 7, 2022. The previous week’s results included an adjustment for the holidays.

Guaranteed Rate closes Stearns wholesale channel

Housing Wire

Chicago-based Guaranteed Rate will discontinue its third-party wholesale channel, Stearns Wholesale Lending , just one year after it acquired the multichannel lender.

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Should Conforming Loan Limits be Capped?

Appraisal Buzz

In November, the Federal Housing Finance Agency announced its annual change to the conforming loan limit for loans purchased by Fannie Mae and Freddie Mac (GSEs). For 2022, it was announced that the limit increased by 18% to $647,200, reflecting the average increase of home prices over the last year.

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Now Is the Time to Readdress Conforming Loan Limits

Appraisal Buzz

In November, the Federal Housing Finance Agency announced its annual change to the conforming loan limit for loans purchased by Fannie Mae and Freddie Mac (GSEs). For 2022, it was announced that the limit increased by 18% to $647,200, reflecting the average increase of home prices over the last year.

CoreLogic leadership change: CEO Frank Martell resigns

Housing Wire

It’s a new year, but CoreLogic is still undergoing big changes, the latest a resignation of its CEO, Frank Martell.

Supply Chains to Improve, Job Market Strengthens

Appraisal Buzz

Though not potentially as dramatic as 2020, 2021 was deemed another tumultuous year by housing experts. Fortunately, 2022 is on track and predicted to be more stable than the past two years.

First American to acquire Mother Lode Holding Company

Housing Wire

First American Financial Corporation , the second largest of the “Big Four” title insurers, announced plans to acquire Mother Lode Holding Company and its subsidiaries on Wednesday.

What to Expect for Housing and Economy in 2022

Appraisal Buzz

Though not potentially as dramatic as 2020, 2021 was deemed another tumultuous year by housing experts. Fortunately, 2022 is on track and predicted to be more stable than the past two years.

Is Appraisal Obsolete: ? — User Expectations

George Dell

You’d think client/user expectation would follow wise professional leadership. Innovation and leadership in knowledge and education has declined. The profession and its key organizations have long lost their default position. Pride in designations are diminished.

Fannie Mae Launches Online Tool for Homebuyers

Appraisal Buzz

Preparing consumers for all stages of the mortgage and buying process, Fannie Mae announced the launch of HomeView, the company’s new online homeownership education course.

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Appraising in 2022! What Will It Be For You?

DW Slater Company

Happy New Year! As we begin a new year, I wanted to take a moment to discuss what that may mean. It seems that we don’t really hear much about “New Year’s Resolutions” anymore. Perhaps, it’s because they seem to be impossible.

Pandemic Debt Loads Increased by 6.2% to $15.24T

Appraisal Buzz

Debt is something we all have to come to terms with, whether it’s the $20 you owe to a friend or a mortgage, it all adds up and can be a drain on not just your finances, but the whole economy.

Inflation Hits 39-Year High

Eyes on Housing

Led by higher prices for shelter and used vehicles, consumer prices soared by 7.0% in December from a year ago. It was the largest year-over-year gain since June 1982. However, energy prices fell in December, ending a long series of increases.

Jump in Rates Shutting Out Refi-Seekers

Appraisal Buzz

Despite overall mortgage app volume on the upswing to begin 2022, the rise in rates has dropped conventional refis to their lowest levels since January 2020. The post Jump in Rates Shutting Out Refi-Seekers appeared first on theMReport.com.

How to Determine Adjustments

Riverfront Appraisals

For the past couple of years, I’ve been blogging about appraisal topics for various audiences. Most recently, I’ve focused on the homeowner and the loan officer. All throughout 2022, my focus will be on helping Realtors understand a little more about appraisals.

Surveyed Originators Expect Borrowing and Lending Growth in 2022, MBA Reports

Appraisal Buzz

Commercial and multifamily mortgage originators anticipate 2022 will be another strong year of borrowing and lending, according to the Mortgage Bankers Association ‘s (MBA) 2022 Commercial Real Estate Finance (CREF) Outlook Survey.

CoreLogic: HPI numbers show home price increase

Valuation Review

Home prices nationwide, including distressed sales, increased year over year by 18.1 percent in November 2021 compared with November 2020, according to the CoreLogic Home Price Index analysis. On a month-over-month basis, home prices increased by 1.3

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Fannie Mae Prices First CAS REMIC of 2022, Worth $1.5 Billion

Appraisal Buzz

Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2022-R01, an approximately $1.5 billion note offering that represents Fannie Mae’s first CAS REMIC transaction of the year.

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Voxtur Analytics closes acquisition

Valuation Review

Earlier, Valuation Review brought to the readers’ attention an acquisition pertaining to Voxtur Analytics Corp., the technology company creating a more transparent and accessible real estate lending ecosystem. Further to the news releases issued on Nov. 24, 2021, and Dec.

First American Agrees to Purchase Mother Lode Holding

Appraisal Buzz

In a move to expand its footprint in 11 states, First American Financial acquires title insurance firm and its subsidiaries with nearly 50 years of industry experience. The post First American Agrees to Purchase Mother Lode Holding appeared first on DSNews. The post First American Agrees to Purchase Mother Lode Holding appeared first on Appraisal Buzz. Around The Web

How Can Policymakers Ensure the Homeowner Assistance Fund Reaches People in Need?

Urban

A combination of loss mitigation solutions and Homeowner Assistance Fund dollars will support a more robust recovery.How Can Policymakers Ensure the Homeowner Assistance Fund Reaches People in Need

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Resource Financial Integrates Ocrolus’ Mortgage Processing Technology

Appraisal Buzz

Ocrolus , an automation platform that analyzes financial documents, and Resource Financial Services, an independent mortgage banker serving the Southeastern United States, has partnered to further automate Resource Financial’s online mortgage process. The lender has integrated Ocrolus’ Human-in-the-Loop (HITL) document classification and analysis solution within their technology stack, enabling customers to handle refinancing and home purchasing completely online.

FHFA’s loan-fee bump buoys PLS market

Housing Wire

The Federal Housing Finance Agency ’s announcement last week that it will hike upfront fees for high-balance and second-home loans effective April 1 will provide a boost for the private-label securities market, according to executives at one of the leading sponsors of private-label securities.

Pacaso reviews top markets for second homes

Valuation Review

Franklin County, Fla., saw the largest year-over-year increase in second-home mortgage rate locks, up 11.5 percent year-over-year, according to a report from Pacaso, a real estate platform that helps people buy and co-own a luxury second home

What's a 'must' in the ever-evolving mortgage industry?

Mortgagebroker News

President and CEO offers his tips

Aloft raises $20 million accelerating appraisal transformation

Valuation Review

Aloft, a Seattle-based company, recently announced a $20 million Series A funding round, led by Fifth Wall, a capital firm focused on technologies for the global real estate industry. This includes additional investment from Andreessen Horowitz, a venture capital firm based in Silicon Valley that led Aloft's seed round

Reverse mortgage growth to continue in 2022 – fintech founder

Mortgagebroker News

The product will become an increasingly mainstream option for Canadians, according to an industry executive

Commercial, multifamily delinquency rates decrease

Valuation Review

The Mortgage Bankers Association’s (MBA) 2021 third quarter report on commercial/multifamily delinquencies showed a decline in these rates for every major capital source since the onset of the pandemic. MBA stated the quarterly analysis focused on delinquency rates for five of the largest investor groups

5 Digital Forms for Landscaping Teams

GoForrmz

The top forms that every landscaping business need to streamline operations and improve customer satisfaction The on-the-go nature of landscaping businesses requires the ability to complete important forms any time and anywhere.

Zillow: Adding space, remodeling bathrooms are homeowners’ top resolutions for 2022

Valuation Review

As another new year comes across the calendar, it’s time for another full list of intended resolutions. According to Zillow, at the top of the list for many will be making their home more functional with renovations adding the most value when it comes time to sell. Read on to learn more

Houston Real Estate Market Forecast: Current Data & 2022 Predictions

Houston Properties

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Concerned about a housing market crash? Review current Houston real estate data & lessons from past hurricanes and trends.