Housing Wire

JUNE 2, 2021

Mortgage applications dropped for the second straight week , this time down 4% for the week ending May 28, 2021, according the Mortgage Bankers Association ‘s weekly mortgage applications survey. This week’s data was compared to mortgage applications from the week of Memorial Day in 2020. The overall housing index hit its lowest point since February, said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Appraisal Buzz

JUNE 2, 2021

The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, fell again during the week ended May 28. It was the 15 th time the index has retreated in the 21 weeks since the year began. The Index decreased 4.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 5 percent compared with the previous week.

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Housing Wire

JUNE 2, 2021

Home sales on properties labeled as “expensive” or “high-end” have skyrocketed in California’s Bay Area, Miami and Las Vegas in 2021, and overall purchases of high-end homes in the country jumped 26% year over year during the three months ending April 30, according to a recent study from Redfin. “Affordable” and “mid-priced” home purchases rose 17.8% and 14.8% year over year, respectively.

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Appraisal Buzz

JUNE 2, 2021

In today’s Buzzcast, we dive into a market analysis of the housing industry and what will be facing appraisers within this coming year. Today we have Bill King, Chief Valuation Officer of Bradford Technologies with Joan Trice, Founder of Allterra Group, LLC. They delve into a deep discussion regarding the housing industry, bubbles, and what appraisers can expect in this climate.

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Housing Wire

JUNE 2, 2021

Real estate tech startup Spruce announced on Wednesday a Series C funding round of $60 million led by Zigg Capital and backed solely by repeat investors, including Bessemer Venture Partners and Scale Venture Partners. With the addition of its latest round, Spruce’s total funding is now at $110 million. Founded in 2016, Spruce is known most notably for its a platform intended to assist mortgage lenders, real estate investors and PropTech companies manage title and closing processes.

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Appraisal Buzz

JUNE 2, 2021

BLOG VIEW: On April 21, 2021, the U.S. Court of Appeals for the Eleventh Circuit issued an opinion in Hunstein vs. Preferred Collection and Management Services Inc., creating new risk and uncertainty around the most common, everyday business practices used by many debt collectors, including loan servicers. Debt collectors often contract with third-party vendors for services such as a creating and mailing collection letters, receiving incoming phone calls, and even simple accounts receivable book

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Appraisal Buzz

JUNE 2, 2021

Through an investment of $200 million in equity to affordable and workforce housing projects, Citi aims to increase access to affordable housing nationwide. The post Citi Partners on Preserving Affordable Housing appeared first on theMReport.com. The post Citi Partners on Preserving Affordable Housing appeared first on Appraisal Buzz.

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Housing Wire

JUNE 2, 2021

Volly , a mortgage tech company that offers customer relationship management and point-of-sale services for lenders, announced Wednesday the acquisition of mortgage and real estate tech startup Home Captain for an undisclosed amount. According to a release from Volly, the acquisition of Home Captain’s technology will extend the company’s reach into the real estate realm.

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Mortgage Real Estate Technology Clients 358

Appraisal Buzz

JUNE 2, 2021

President dedicates the month to raising awareness of housing equality, and the elimination of barriers to affordable homeownership. The post Biden Marks June National Homeownership Month appeared first on theMReport.com. The post Biden Marks June National Homeownership Month appeared first on Appraisal Buzz.

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Housing Wire

JUNE 2, 2021

Real estate tech firm SImpleNexus announced Wednesday that founder Matt Hansen will be stepping down as CEO, with current president Cathleen Schreiner Gates replacing him. Hansen told HousingWire that he stepped down to lead a team of software developers and sales staff for upcoming research and development tactics within SimpleNexus. This new role will give him more time to focus on his passion for product and development, he said. “I love solving product problems, that’s what makes

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Appraisal Buzz

JUNE 2, 2021

Xome , a subsidiary of Mr. Cooper Group Inc. that is focused on asset management, property disposition and field services, is rolling out the Xome Xpert Seller Program, which provides options for borrowers affected by the pandemic and unable to reinstate their mortgage. Through this program, servicers can connect their borrowers with real estate professionals and guide them through the marketing and sales process of their home, leveraging Xome’s auction platform.

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George Dell

JUNE 2, 2021

Appraiser training tells us to use good judgment – repeatedly. In fact, the word ‘judgment’ is used over 300 times in the current USPAP book. It must be important. It’s also used some 800 times in The Appraisal of Real Estate. It must be important. The basis of appraisal theory in the United States is […]. The post Judgment Based or Evidence Based?

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Appraisal Buzz

JUNE 2, 2021

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 28, applications decreased 4 percent from a week earlier. The Refinance Index decreased 5 percent from the previous week and was 6 percent higher than the same week one year ago. The seasonally adjusted Purchase Index decreased 3 percent from one week earlier, while the unadjusted Purchase Index decreased 5 percent compared with the previous week.

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DW Slater Company

JUNE 2, 2021

If you are like me, you are probably tired of hearing the word “unprecedented” How many times have we said it or read it this past year? What is another word we can use? Remarkable? Extraordinary? Phenomenal? However we describe we are currently experiencing rapidly appreciating real estate markets. Not just in our local North Texas markets but in many places nationwide.

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Appraisal Buzz

JUNE 2, 2021

Some 8 million homes are at risk of storm surge damage in 2021, according to a new report, which examines how that could affect delinquencies and housing supply. The post How Hurricane Season Stands to Impact American Real Estate appeared first on DSNews. The post How Hurricane Season Stands to Impact American Real Estate appeared first on Appraisal Buzz.

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GoForrmz

JUNE 2, 2021

Balmain & Co leverages the Public Forms feature and the Procore integration to streamline their post-construction workflow. “ If there is something concerning a resident, we want to be able to fix it as soon as we can and as efficiently as we can. GoFormz is improving that process drastically, where we are now providing a means for these people to be able to report their issue and for us to be able to act on it straight away. ” — Mick O'Connell, Construction Manager, Balmain

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Appraisal Buzz

JUNE 2, 2021

Returning investor appetite is fueling home equity lending. The post Against the Tide appeared first on theMReport.com. The post Against the Tide appeared first on Appraisal Buzz.

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BiggerPockets

JUNE 2, 2021

A lot of market factors are signaling that it’s a good time to invest in short-term rentals. But if you’re thinking about this strategy, you must understand how to analyze a deal properly. It’s a bit different than traditional rentals.

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Appraisal Buzz

JUNE 2, 2021

The collaboration will provide lender and legal clients and platform users with access to SIGNiX’s premier technology, says a360’s CEO. The post a360inc and SIGNiX Partner to Advance Digital Signature Technology appeared first on DSNews. The post a360inc and SIGNiX Partner to Advance Digital Signature Technology appeared first on Appraisal Buzz.

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BiggerPockets

JUNE 2, 2021

No one likes talking about their financial situation. But it’s important to know when to ask for help about your finances. Here's how to know when an advisor is right for you.

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Finance 72

Appraisal Buzz

JUNE 2, 2021

Contrary to the fact that homes remain in demand, tight supply and a rise in listing prices are factoring into a downturn mortgage application volume. The post Purchase Activity Shows Signs of Slowdown appeared first on theMReport.com. The post Purchase Activity Shows Signs of Slowdown appeared first on Appraisal Buzz.

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Lamacchia Realty

JUNE 2, 2021

HOW REMOTE WORK WILL IMPACT HOUSING POST-PANDEMIC. It’s no secret that the COVID-19 pandemic has affected nearly every industry in the world, and the housing market is no exception. With so many people making the shift to remote work for safety reasons during the pandemic, it has been speculated that this trend may continue even once it is safe to fully return to work.

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Appraisal Buzz

JUNE 2, 2021

A proactive approach to flood portfolio management is the right move for servicers navigating today’s extremely active marketplace. The post Five Common Challenges Servicers Face During the Flood Tracking Process appeared first on DSNews. The post Five Common Challenges Servicers Face During the Flood Tracking Process appeared first on Appraisal Buzz.

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Mashvisor

JUNE 2, 2021

Here are the top three real estate trends economists are predicting for the 2021 summer real estate market: Price growth in many markets isn’t going to slow down as competition…

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BiggerPockets

JUNE 2, 2021

Letting go of something successful isn’t easy, but what if you know it’s costing you your dreams? Today we talk to mother, real estate agent, and massive multifamily investor, Pili […].

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Real Estate Real Estate Agent Business Investors 62

Mortgagebroker News

JUNE 2, 2021

Would the introduction of a cooling-off period stabilize the market?

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Marketing 73

Real Quantum

JUNE 2, 2021

Commercial Appraisal Market Survey Results May, 2021. A bout a year ago, Realquantum began conducting research to track industry changes through the Covid-19 pandemic using an appraisal industry market survey. Over the course of the past year, major changes have occurred across the US. These changes have affected the commercial real estate industry as well.

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Mortgagebroker News

JUNE 2, 2021

On average, the decrease in affordability will be noticeable

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Marketing 74

Eyes on Housing

JUNE 2, 2021

A post published last week discussed how record numbers of builders were reporting on broad-based shortages of building materials and products. The source of the information was the May survey for the NAHB/Wells Fargo Housing Market Index (HMI). The same survey asked the HMI panel of single-family builders how total material costs for the same house have changed over the.

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Mortgagebroker News

JUNE 2, 2021

CMP is shining the spotlight on the best brokerages in Canada

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Brokerage 44

Mashvisor

JUNE 2, 2021

More people are looking for second homes according to a recent report by Redfin in its analysis of mortgage rate locks.

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Appraisal Buzz

JUNE 2, 2021

By continuing a tradition of June as National Homeownership Month, the Biden Administration sets forth goals to expand equal housing for all. The post President Recognizes Pursuit of the American Dream appeared first on DSNews. The post President Recognizes Pursuit of the American Dream appeared first on Appraisal Buzz.

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