Housing Wire
MARCH 4, 2022
Record home prices in recent years have pushed tappable home equity to new heights, increasing the demand for one specific product: cash-out refis. Black Knight data shows that lenders originated $1.2 trillion in cash-out refis in 2021, up 20% compared to the prior year, the highest volume since 2005. Cash-out refis went from 36% to more than 60% of all refis from the beginning of 2021 to the fourth quarter.
Appraisal Buzz
MARCH 4, 2022
Fitch Ratings, a Nationally Recognized Statistical Rating Organization with the U.S. Securities and Exchange Commission, has released a special report on a recent roundtable covering Residential Mortgage-Backed Securities (RMBS). The meeting consisted of 45 of the top key players in the RMBS servicing space who discussed perspectives on important industry trends, developments, and use of technology … The post Fitch: RMBS Servicers Largely Weather the Pandemic appeared first on DSNews.
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Housing Wire
MARCH 4, 2022
Today, the Bureau of Labor Statistics reported that the United States Of America created 678,000 jobs in February. We also had 92,000 in positive revisions, and this report was a beat of estimates coming off a strong January report as well. The U.S unemployment rate stands at 3.8%, and we are getting closer and closer to my September 2022 forecast of getting all the jobs back that we lost due to COVID-19.
Appraisal Buzz
MARCH 4, 2022
According to a new report from Redfin, home prices surged to an all-time high of $363,975 as the market continued to heat up during the four-week period ending February 27. The median home-sale price was up 16% year-over-year, the biggest annual gain since August. The typical home sold for 0.8% above list price, the largest … The post Home Prices Surged to Record High in February appeared first on DSNews.
Housing Wire
MARCH 4, 2022
After mixed results in January , the U.S. jobs report released Friday shows that 678,000 non-farm payroll jobs were added in February, and the return of skilled labor in residential construction is reason alone for optimism. As a result the unemployment rate dropped to 3.8% from 4.0% in January. The unemployment rate remains higher than the 3.5% unemployment rate recorded in February 2020, just prior to the Covid-19 pandemic.
Appraisal Buzz
MARCH 4, 2022
The U.S. economy added about 678,000 jobs in February and the unemployment rate edged down to 3.8%, according to the U.S. Bureau of Labor Statistics. Job growth was widespread, led by gains in leisure and hospitality, professional and business services, health care, and construction. The total number of unemployed persons edged down to 6.3 million. In February 2020, prior to the coronavirus (COVID-19) pandemic, the unemployment rate was 3.5% and the number of unemployed.
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Appraisal Buzz
MARCH 4, 2022
Frost has signed an agreement to use Black Knight Inc. ‘s integrated, end-to-end mortgage origination and servicing solutions, including the Empower loan origination system (LOS) and the MSP loan servicing system. “By working with best-in-class providers like Black Knight, we can ensure that applying for mortgages will be an easy process,” says Bobby Berman, group executive vice president of research and strategy at Frost. “Frost will offer mortgages as part of our compre
Housing Wire
MARCH 4, 2022
California-based nonbank lender Carrington Mortgage Services has invested in boosting the growth of its wholesale channel, with the latest announcements including a new loan processing technology and plans to increase the sales team. The attention to broker shops comes at a moment in the mortgage industry when the retail channel is losing origination volume, particularly refinance volume, due to higher rates. “We put a lot of effort and energy into developing a program to help brokers grow
Appraisal Buzz
MARCH 4, 2022
In a recent survey, we asked real estate appraisers to tell us their top professional goal for 2022. By far, the top answer was: “Achieve a better work-life balance.” Indeed, as we move toward a post-pandemic world, this goal seems to be top of mind for many people across all professions. The benefits of work-life balance include lower stress levels, improved health outcomes, increased productivity, and greater job satisfaction.
Housing Wire
MARCH 4, 2022
Last week, mortgage investment firm Ellington Financial (NYSE: EFC) announced that it had reached a deal to acquire leading reverse mortgage lender Longbridge Financial, in a deal valued at roughly $75 million for a 49.6% stake. Since EFC had already maintained a stake in Longbridge, the deal will basically serve to close the remaining gap in ownership and situate EFC as the primary owner of Longbridge.
Appraisal Buzz
MARCH 4, 2022
Green Street, an advisory and consulting company focusing on commercial real estate insights, has released a slew of 11 new 2022 Sector Outlooks with in-depth analytics on supply/demand, risks/opportunities, and property valuation trends across markets in the U.S. and found that due to favorable market conditions, single family rentals (SFRs) will remain en vogue for … The post Spotlight: U.S.
Eyes on Housing
MARCH 4, 2022
Job growth accelerated in February with widespread gains across industries. Total nonfarm payroll employment increased by 678,000 in February, and the unemployment rate edged down to 3.8%. Construction industry employment (both residential and non-residential) totaled 7.6 million. Residential construction gained 31,000 jobs, while non-residential construction added 29,400 jobs for the month.
Riverfront Appraisals
MARCH 4, 2022
Welcome to your crash course in choosing comps. In this blog post, we’ll discuss the various methods for choosing comparable sales, just the way an appraiser does. When pricing a new listing, you’ll first gather all the information about the home and neighborhood. While that may take some time to collect, that’s the easy […]. The post Appraisal Blog The Realtor’s Guide to Appraisals, Part 3 How Appraisers Choose Comps appeared first on Riverfront Appraisals.
McKissock
MARCH 4, 2022
In a recent survey, we asked real estate appraisers to tell us their top professional goal for 2022. By far, the top answer was: “Achieve a better work-life balance.” Indeed, as we move toward a post-pandemic world, this goal seems to be top of mind for many people across all professions. The benefits of work-life balance include lower stress levels, improved health outcomes, increased productivity, and greater job satisfaction.
On Q Financial
MARCH 4, 2022
Are you thinking of buying a foreclosed home as investment or second home ? If so, you’re not alone. In today’s market, foreclosed homes can be a great way to find an affordable and desirable property. However, there are some things you need to know before you buy. In this guide, we’ll walk you through the process of purchasing a foreclosed home from start to finish.
Mashvisor
MARCH 4, 2022
Smart real estate investors are looking for the best rental app to help them in their day-to-day property management tasks. Find out what that is.
BiggerPockets
MARCH 4, 2022
This week’s question comes from Carlos, who directly messaged Ashley on the BiggerPockets Real Estate Rookie Bootcamp! Carlos is asking: Do you recommend, or is it even possible, to use […].
Mashvisor
MARCH 4, 2022
With the easing of restrictions and lockdowns brought about by the pandemic, is 2022 the best year to invest in a Destin Florida Airbnb property?
Mortgagebroker News
MARCH 4, 2022
The central bank made a landmark increase to its policy rate in Wednesday's announcement
Mashvisor
MARCH 4, 2022
Though PropStream has its pros, you may still be looking for a PropStream alternative. Read on to learn which website that would be.
Mortgagebroker News
MARCH 4, 2022
The sector's mainstreaming, already underway before COVID-19, has sped up in recent years
Eppraisal
MARCH 4, 2022
Since mid-winter of 2020, the COVID-19 pandemic has served as an omni-present reality. There is literally no place to run. Yet people continue to move and relocate for work, for family and for quality of life. What they find is a diversity of responses to the coronavirus, whether the reactions have to do with mask-wearing, vaccines and boosters, social distancing, remote learning as well as the status of restaurants and bars.
Mortgagebroker News
MARCH 4, 2022
The service promises ease of use and direct-to-client mortgage products
Housing Wire
MARCH 4, 2022
Fannie Mae this week completed its first credit insurance risk transfer (CIRT) deal of the year as part of the agency’s ongoing efforts to share mortgage risk with the private sector. . The deal transferred millions of dollars of credit risk to a group of 22 private insurers and reinsurers. That credit risk is tied to a $26.1 billion reference pool of single-family mortgages.
Mortgagebroker News
MARCH 4, 2022
This consumer sector saw double-digit annual increases
Appraisal Buzz
MARCH 4, 2022
With the SFR market experiencing all-time highs, the Five Star Institute will bring together the industry’s top experts for the Single-Family Rental Summit 2022 in Dallas. The post SFR Experts to Converge on Dallas for April Summit appeared first on DSNews. The post SFR Experts to Converge on Dallas for April Summit appeared first on Appraisal Buzz.
Mortgagebroker News
MARCH 4, 2022
The region continues to highly favour sellers
Housing Wire
MARCH 4, 2022
The state of Oregon grabbed national attention last year for passing a law to ban “love letters” sent from potential homebuyer to homeseller, and often intermediated through real estate agents. These missives, lawmakers contended, make emotional appeals to homesellers, and are a minefield for Fair Housing Act violations. But on Thursday, Marco Hernandez, a federal judge based in Oregon, ruled that the new law violates the free speech rights of real estate agents.
Mortgagebroker News
MARCH 4, 2022
The share of mortgages in arrears is at its lowest level ever
Clear Capital
MARCH 4, 2022
The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. But what is a desktop appraisal, how does it work, and how does it compare to a full appraisal? Keep reading to understand the new guidelines and what they mean for the mortgage industry.
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