Thu.Aug 11, 2022

Mounting losses force loanDepot to amend loan agreements

Housing Wire

Mortgage lender loanDepot , based in Orange County, California, has more bad news tucked away in its latest quarterly earnings report filed with the U.S.

Pros and Cons of Selling Your Home As-Is

Cleveland Appraisal Blog

Do you fix your home up or sell it as-is? That can be a tough question to answer. There are some things to consider before making this decision. This week I welcome back guest blogger Betty White who shares some pros and cons of selling a home in its as-is condition.

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Truework, a fintech that provides income and employment verification, raises $50M?

Housing Wire

Income verification platform Truework raised $50 million in Series C funding to develop products that will advance digitizing the verification process for banks and lenders.

New Desktop Appraisal Rules: Today’s Pains and Tomorrow’s Gains

Appraisal Buzz

John Dingeman of Class Valuation describes how technology in the appraisal space has made the process significantly more efficient for eligible loans. The post New Desktop Appraisal Rules: Today’s Pains and Tomorrow’s Gains appeared first on theMReport.com.

Homepoint takes $44M loss in Q2 amid price war

Housing Wire

Home Point Capital , the parent company of wholesale lender Homepoint , took a loss in the second quarter of 2022, even after reducing costs and selling mortgage servicing rights.

Unexpected Lessons Learned From COVID-19 Data

Appraisal Buzz

The pandemic certainly tested the housing industry, but as Alex Kudman and Srijan Sareen of Enact Mortgage Insurance explain, the data collected provided what was needed to make the correct decisions to better serve borrowers undergoing hardships.

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Home Insurance Prices Up Across the Board, Rising Faster than Inflation

Appraisal Buzz

Based on a Policygenius study of 8,698 active home insurance policies quoted for renewal between May 2021 and May 2022, home insurance prices are rising at a faster rate than inflation, as costs are up nationwide since last year.

Redwood Trust, Angel Oak Mortgage awash in red ink in Q2

Housing Wire

Redwood Trust Inc. , a real estate investment trust (REIT) based in Mill Valley California that has residential operations focused on nonagency jumbo loans, recently reported a second-quarter 2022 net loss of $100 million, after recording a net gain of $31 million in the prior quarter.

FHFA Announces Staffing Updates

Appraisal Buzz

The Federal Housing Finance Agency announced new Deputy Directors for the Division of Housing Mission and Goals and the Division of Bank Regulation. The post FHFA Announces Staffing Updates appeared first on theMReport.com. The post FHFA Announces Staffing Updates appeared first on Appraisal Buzz.

FHFA: GSE servicers must keep fair lending data

Housing Wire

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data.

After Hitting 120-Day Low, Mortgage Rates Rise Once Again

Appraisal Buzz

A week after bottoming out to a four-month-low, mortgage rates jumped back upward this week, climbing to 5.22% despite continued correction in the housing space. The post After Hitting 120-Day Low, Mortgage Rates Rise Once Again appeared first on theMReport.com.

The Women of Influence Forum workshop: Learn how to create more seats at the table

Housing Wire

One of the best ways to learn and grow is through experience-sharing, vulnerability and collaboration with others, which is what this workshop that rounds out the Women of Influence Forum is designed to create for attendees.

Housing Affordability Falls to Lowest Level Since Great Recession

Eyes on Housing

Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022.

Most Metro Areas Post Double-Digit Q2 Price Gains

Appraisal Buzz

Despite market influences that are pushing up mortgage rates and slumping home sales numbers during the second quarter of 2022, most metropolitan areas still saw double-digit annual price gains compared to the previous quarter. This new information comes by way of a recent quarterly report from the National Association of Realtors (NAR) which specifically identified … The post Most Metro Areas Post Double-Digit Q2 Price Gains appeared first on DSNews.

Credit for Builders Less Available, Costs More

Eyes on Housing

During the second quarter of 2022, credit became both tighter and more costly on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing.

The Average Home Cost Has Surpassed $400k For First Time

Appraisal Buzz

Despite market influences that are pushing up mortgage rates and slumping home sales numbers during the second quarter of 2022, most metropolitan areas still saw double-digit annual price gains compared to the previous quarter. This new information comes by way of a recent quarterly report from the National Association of Realtors (NAR) which specifically identified … The post The Average Home Cost Has Surpassed $400k For First Time appeared first on theMReport.com.

Over 50% of Americans Irked by Neighbors

Empire Appraisal Group

Over 50% of Americans Irked by Neighbors. Source: Over 50% of Americans Irked by Neighbors | Florida Realtors. Survey: 1 in 3 (35%) is annoyed once per month, and 53% get bothered at least multiple times each year. Top complaint? Noise from dogs, babies, TVs, etc.

Webinar Spotlight: Insights Into Virtual Appraisals, Borrower Communications & More

Appraisal Buzz

Explore the latest installments of the Five Star Webinar Series with subject-matter insights into an array of industry topics. The post Webinar Spotlight: Insights Into Virtual Appraisals, Borrower Communications & More appeared first on theMReport.com. The post Webinar Spotlight: Insights Into Virtual Appraisals, Borrower Communications & More appeared first on Appraisal Buzz. Around The Web

Improve Your School's Library with GoFormz

GoForrmz

Modernize your library with digital forms School libraries play an important role in overall student education. According to the American Library Association, more than 60 studies have proven that school library programs make a positive impact on students.

Buying a House Sight Unseen – What You Need To Know

D Fritz Appraisals

Online Home Buying Tips For Remote Purchasers. The real estate market has changed dramatically in recent years. Due to demand for homes being highe r than supply, buyer preferences and buying methods have had to change and more people are resorting to buying real estate online or sight unseen.

Justice for Texas Appraiser? You Bet. Price Tag: $99,000

Appraisers Blog

The Texas Appraiser Licensing and Certification Board is a hot mess, but one with a malicious and callous streak. That makes it dangerous to licensees. The Unclean Hands Doctrine is a legal defense.

1978338

Will Springer Realtor

Fall in love with this beautiful 3-bedroom home in a quiet corner of Snoqualmie Ridge. Comfortable living room with gas fireplace. Kitchen and adjoining walk-in pantry offer plenty of storage. Generous main bedroom with walk-in closet and private bath.

"Our jobs need to become boring again"

Mortgagebroker News

Time for agents and brokers to get back to basics after an unsustainable two years, says agent

Mary Wood Qualifies for 2022 Lamacchia Realty President’s Club

Lamacchia Realty

We are thrilled to announce that Mary Wood has qualified for the Lamacchia Realty President’s Club, with 33 sales ALREADY this year! Mary joined Lamacchia Realty earlier this year and quickly established herself as a top producer in the company.

What do falling bond yields mean for fixed rates?

Mortgagebroker News

Canada's five-year government bond nosedived in July

Sunnyvale real estate market trends & statistics

San Jose Real Estate

Sunnyvale real estate market trends & statistics. How's The Market? Market Reports Most Popular Articles Sunnyvale 94085 94086 94087 94089 Housing market Real estate realty statistics Sunnyvale real estate market trends

Market share of fixed-rate mortgages on the rise

Mortgagebroker News

However, holders of these mortgages should be aware of various near-future risks, observers say

Cissy Yang to Join Fannie Mae as Chief Audit Executive

Appraisal Buzz

Twenty-five-plus-year audit executive to join GSE to monitor key risks assessments, and replace the retiring J. Douglas Watt, Fannie Mae’s current SVP and Chief Audit Executive. The post Cissy Yang to Join Fannie Mae as Chief Audit Executive appeared first on DSNews.

Consumer education on private mortgages is a must - expert

Mortgagebroker News

"There's a lot more people coming into the space

Real Estate Real Fast EP1 (with Romney Navarro, hard money lender expert and CEO of Streamline Funding)

Listing Spark

powered by Sounder. Episode overview. If you’re looking to do some serious real estate investing, you might be interested in using a hard money lender. While most homeowners go with conventional financing, a hard money lender can be more useful for buying and selling properties.

CAPREIT highlights performance for the first half of 2022

Mortgagebroker News

The firm says its financial position remains robust

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Common Real Estate Appraisal Myths

East Coast Appraisal

If you wish to buy or sell a home, you have most probably come across the term real estate appraisal — the process of estimating the value of a property. ?. But in addition, you may have heard some misconceptions about appraisals.

DLC releases half-year financial results

Mortgagebroker News

Find out how the group fared in this turbulent marketplace

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What July’s Job Report Says About the Economy’s Health

BiggerPockets

Earlier in August, it was reported that 528,000 jobs were created in July after expectations were around 230,000 jobs. Overall, it was a seemingly better jobs report than expected. However, it’s hard […]. Real Estate News & Commentary