Housing Wire
JANUARY 12, 2022
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. Per the report, the unadjusted purchase index increased 51% compared to the previous week but was 17% lower than the same week one year ago.
Appraisal Buzz
JANUARY 12, 2022
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. We’ll be getting the inside scoop while they discuss this upcoming year in the industry. What has this year alone taught appraisers? What are the important issues that lie ahead in the year 2022?
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Housing Wire
JANUARY 12, 2022
The mortgage industry is coming out of back-to-back amazing years, and while 2022 still holds great opportunity for the industry, it also signals a pivot point for market participants. In recognition of the transitions ahead, Pennymac is making changes to ensure that 2022 forms the foundation for long-term value for its wholesale partners. Specifically, Pennymac is changing the name of its wholesale division from PennyMac Broker Direct to Pennymac TPO.
Appraisal Buzz
JANUARY 12, 2022
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. The Market Composite Index, a measure of mortgage loan application volume, increased 1.4% on a seasonally adjusted basis from one week earlier.
Housing Wire
JANUARY 12, 2022
Chicago-based Guaranteed Rate will discontinue its third-party wholesale channel, Stearns Wholesale Lending , just one year after it acquired the multichannel lender. “Guaranteed Rate will continue to thrive and win market share by having a laser focus on leveraging our industry-leading purchase platform augmented by the best loan officers in the business,” Guaranteed Rate CEO Victor Ciardelli wrote in an email to brokers that HousingWire reviewed.
Appraisal Buzz
JANUARY 12, 2022
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. However, it is not likely to see the housing market and the broader economy immediately return to pre-pandemic norms. As the economy was … The post Supply Chains to Improve, Job Market Strengthens appeared first on DSNews.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
JANUARY 12, 2022
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. However, it is not likely to see the housing market and the broader economy immediately return to pre-pandemic norms. As the economy was … The post What to Expect for Housing and Economy in 2022 appeared first on theMReport.com.
Housing Wire
JANUARY 12, 2022
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. The financial terms of the deal were not disclosed, and the closing of the transaction is subject to regulatory approval. Mother Lode Holding is a California-based provider of title insurance, underwriting and escrow services for residential and commercial real estate transactions with 92 offices in 11 states.
Appraisal Buzz
JANUARY 12, 2022
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. Available free of cost, and accessible online anytime on any device at fanniemae.com/education, HomeView provides comprehensive, easy-to-understand content and resources designed to ensure aspiring homebuyers are well equipped to become … The post Fannie Mae Launches Online Tool for Homebuyers appeared first on th
George Dell
JANUARY 12, 2022
You’d think client/user expectation would follow wise professional leadership. Hah! 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. Replaced by licensing, outdated appraisal processes, echoed education, and octopus-like regulation.
Appraisal Buzz
JANUARY 12, 2022
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. In a new study by NerdWallet, a company that provides consumers and small businesses with financial guidance, it … The post Pandemic Debt Loads Increased by 6.2% to $15.24T appeared first on DSNews.
Eyes on Housing
JANUARY 12, 2022
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. Supply-chain constraints and strong consumer demand related to the pandemic and the reopening of the economy have contributed to.
Appraisal Buzz
JANUARY 12, 2022
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. The post Jump in Rates Shutting Out Refi-Seekers appeared first on Appraisal Buzz.
DW Slater Company
JANUARY 12, 2022
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. I “resolve” to do this or not do that and of course, that resolve can only go so far and we just feel like we failed. If I don’t make any resolutions, then I won’t fail, right?
Appraisal Buzz
JANUARY 12, 2022
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. Every top commercial/multifamily firm polled expects originations to increase in 2022, with almost two-thirds (63%) expecting an overall increase of 5% or more across the entire market.
Urban
JANUARY 12, 2022
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?
Appraisal Buzz
JANUARY 12, 2022
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.
Riverfront Appraisals
JANUARY 12, 2022
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. Each month, I’ll write about a topic that affects both the appraiser and […]. The post How to Determine Adjustments appeared first on Riverfront Appraisals.
Appraisal Buzz
JANUARY 12, 2022
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.
Valuation Review
JANUARY 12, 2022
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. 21, 2021, Voxtur officially announced it has completed the acquisition of Benutech, Inc.
Appraisal Buzz
JANUARY 12, 2022
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. But the conforming loan limit does not apply to the entire country equally: beginning in 2008, … The post Should Conforming Loan Limits be Capped?
GoForrmz
JANUARY 12, 2022
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. Without online forms, teams are forced to manage multiple paper documents which can lead to messy and crumbled paper forms.
Appraisal Buzz
JANUARY 12, 2022
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. But the conforming loan limit does not apply to the entire country equally: beginning in 2008, … The post Now Is the Time to Readdress Conforming Loan Limits appeared first on theMReport.com.
Valuation Review
JANUARY 12, 2022
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.
Mashvisor
JANUARY 12, 2022
Because the Airbnb business continues to grow and offers more opportunities to landlords and those searching for a rental property, people are constantly looking for new and better ways to…
Valuation Review
JANUARY 12, 2022
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.
Mortgagebroker News
JANUARY 12, 2022
The product will become an increasingly mainstream option for Canadians, according to an industry executive
Valuation Review
JANUARY 12, 2022
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.
BiggerPockets
JANUARY 12, 2022
Why prorate rent if you don't have to? You may be tempted to collect a full month's rent from every tenant, but there are plenty of valid reasons to prorate rent. Here's what you should know.
Valuation Review
JANUARY 12, 2022
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.
Mashvisor
JANUARY 12, 2022
To be successful when investing in real estate, there are some basic things you need to know.
Valuation Review
JANUARY 12, 2022
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 percent in November 2021 compared with October 2021. Read on for more numbers.
Mashvisor
JANUARY 12, 2022
When it comes to the short-term rental market, New York City has a wealth of opportunities.
BiggerPockets
JANUARY 12, 2022
similar stabilized deals. With the help of my friend and fellow BP author, Brian Burke, I’ll try to solve this mystery in this post. .
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