Housing Wire

AUGUST 18, 2021

Today, the U.S. Census Bureau reported that housing starts hit 1,534,000 for July, missing estimates. Permits, on the other hand, beat estimates, coming in at a seasonally adjusted rate of 1,635,000. Positive revisions to the previous data were made, but not by very much. This mixed bag of results reflects the typical variability in the data that occurs when not too much has been happening in housing except that monthly supply has been rising for the new home sales market.

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Appraisal Buzz

AUGUST 18, 2021

In today’s Buzzcast, we dive into the current appraisal market and what U.S. and Australia appraisers can learn from each other. Today we have Chris Knight, Founder and CEO of Opteon, with Joan Trice, Founder of Allterra Group, LLC. We’ll be getting the inside scoop while Joan and Chris discuss how we can streamline the appraisal process like they do in other countries.

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Housing Wire

AUGUST 18, 2021

Mortgage applications decreased 3.9% for the week ending Aug. 13 compared to the week prior and fewer borrowers opted to refinance, according to the latest report from the Mortgage Bankers Association. Ten-year Treasury yields rose overall but tapered off slightly at the end of last week , and 30-year mortgage rates tracked by the MBA reached 3.06%.

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Appraisal Buzz

AUGUST 18, 2021

After a slight uptick last week, mortgage application volume fell this week, as rates began to rise and fear over rising COIVD cases overshadowed strong jobs reports. The post Purchase and Refi App Volume Slips appeared first on theMReport.com. The post Purchase and Refi App Volume Slips appeared first on Appraisal Buzz.

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Housing Wire

AUGUST 18, 2021

Candor, a mortgage artificial intelligence firm that has pioneered automated underwriter technology, announced a $12.5 million funding round, led by Arthur Ventures. Nearly a year ago, when Candor vaulted onto the scene, mortgage lenders were desperate to hire underwriters. Lenders offered signing bonuses to qualified underwriters and base salaries of $150,000, stunning observers.

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Appraisal Buzz

AUGUST 18, 2021

In today’s Buzzcast, we dive into the current appraisal market and what U.S. and Australian appraisers can learn from each other. Today we have Chris Knight, Founder and CEO of Opteon, with Joan Trice, Founder of Allterra Group, LLC. We’ll be getting the inside scoop while Joan and Chris discuss how we can streamline the appraisal process like they do in other countries.

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Appraisal Appraisal Process Marketing Modernization 370

Appraisal Buzz

AUGUST 18, 2021

Increased costs and a bottlenecked supply chain have resulted in a dip in home building, even putting a hold on some new home sales. The post Builder Confidence Sinks to 13-Month Low appeared first on theMReport.com. The post Builder Confidence Sinks to 13-Month Low appeared first on Appraisal Buzz.

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GoForrmz

AUGUST 18, 2021

Answer: No, you do not have to use the same form fields within both views When it comes to building out your digital forms, there are two different approaches to how you can configure your form layout: Form View and List View. Form View displays your form fields just as a paper form would, and is configured by uploading an existing form to the GoFormz Template editor.

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Appraisal Buzz

AUGUST 18, 2021

The financial services industry is rebounding strongly from the early impacts of the COVID-19 pandemic, according to TransUnion ’s Q2 2021 Quarterly Credit Industry Insights Report (CIIR). The auto, credit card, mortgage and personal loan industries exhibited renewed signs of strength at the mid-point of 2021. In the initial months of the pandemic, many lenders struggled with making credit available to consumers in the face of branch closures and a remote workforce.

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Eyes on Housing

AUGUST 18, 2021

In the past month, total mortgage activity, as measured by the Mortgage Bankers Association’s (MBA) Market Composite Index, was supported by refinancing, recovering from the relatively lower levels that were characteristic of the months prior. The gain in refinancing is owed to a sizable drop in the 30-year fixed mortgage, which decreased by 10 basis points to 3.01 percent for.

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Appraisal Buzz

AUGUST 18, 2021

New goals set forth by the GSEs establish benchmarks, and seek to promote equitable access to affordable housing for all. The post FHFA Charts Goals to Boost Minority Homeownership appeared first on DSNews. The post FHFA Charts Goals to Boost Minority Homeownership appeared first on Appraisal Buzz.

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The Robert Weiler Company

AUGUST 18, 2021

Looking at warehouses for rent in Columbus, Ohio might leave you empty-handed or, at the very least, with an unflattering representation from the good old Oxford English dictionary. The definition reads as follows: “a large building where raw materials or manufactured goods may be stored before their export or distribution for sale.”. Jolly good, right ?

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Appraisal Buzz

AUGUST 18, 2021

Proposed rules set forth by the FHFA target housing obstacles faced by low-income and rural areas, minority communities, and other underserved populations. The post New GSE Initiative Aims to Close the Housing Gap appeared first on theMReport.com. The post New GSE Initiative Aims to Close the Housing Gap appeared first on Appraisal Buzz.

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Appraisal 195

Eyes on Housing

AUGUST 18, 2021

The number of single-family built-for-rent (SFBFR) construction starts is expanding as demand for single-family structures, both for-sale and for-rent, remains strong. The SFBFR market is a way to add inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period when people want more space and a single-family structure.

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Appraisal Buzz

AUGUST 18, 2021

ValueLink Software is partnering with real estate valuation and analytics fintech company Clear Capital to enable its users to order Clear Capital ‘s suite of valuation products, including hybrid and desktop products. The integration gives ValueLink customers the flexibility to offer tailored solutions to their clients. “Partnering with Clear Capital enables us to cater to the evolving needs of the mortgage industry by offering a one-stop solution to order and manage traditional and

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Valuation Review

AUGUST 18, 2021

The Appraisal Institute, Fannie Mae and Freddie Mac recently announced Chase has made a $3 million commitment to the Appraiser Diversity Initiative. In addition to the Chase commitment, Freddie Mac has joined the Appraiser Diversity Initiative as a core partner, providing additional resources and adviser support. Read on for reactions.

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Appraisal Buzz

AUGUST 18, 2021

In light of long eviction/foreclosure bans, researchers expected the decline, but say many landlords still need financial relief to cover tenants’ missed payments. The post Rental Property Default Risk Dips appeared first on DSNews. The post Rental Property Default Risk Dips appeared first on Appraisal Buzz.

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BiggerPockets

AUGUST 18, 2021

A home appraisal is an unbiased professional opinion of a home’s value based on recent sales of properties nearby. Here's how the process works.

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Appraisal Buzz

AUGUST 18, 2021

Former Senior Credit Policy manager and 28-year industry veteran Brian Carlsen will step into VP of Risk Management position. The post Cherry Creek Promotes Veteran Team Member appeared first on DSNews. The post Cherry Creek Promotes Veteran Team Member appeared first on Appraisal Buzz.

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Valuation Review

AUGUST 18, 2021

Greystone, a leading national commercial real estate finance company, provided a total of $38.8 million in HUD-insured financing for two multifamily properties in Berkeley County just north of Charleston, S.C. The transaction was originated by Kelley Klobetanz of Greystone.

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Appraisal Buzz

AUGUST 18, 2021

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for July 2021 shows mortgage applications for new home purchases decreased 27.4% compared from a year ago. Compared to June 2021, applications decreased by 4 %. This change does not include any adjustment for typical seasonal patterns. “Mortgage applications for new home purchases declined in July – as is typical most summers when home sales start to moderate – but did come in at the.

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Valuation Review

AUGUST 18, 2021

Cherry Creek Mortgage, a nationwide, full-service mortgage lender, announced a vice president of risk management. Supporting the growth of Cherry Creek Mortgage and its affiliated companies will be part of the duties associated with this position.

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Appraisal Buzz

AUGUST 18, 2021

BLOG VIEW: Mortgage fraud is a huge problem for financial institutions. In the second quarter of 2020 alone, it’s estimated that one out of every 164 mortgage applications contained some indications of fraud. Consequently, organizations – particularly financial institutions – need to have rigorous processes in place to prevent fraudsters from succeeding.

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Valuation Review

AUGUST 18, 2021

Mortgage-industry association REOMAC recently announced it has rebranded with the new name National Association of Default Professionals to more accurately reflect the organization’s charter and better identify with the professionals and companies that comprise the association’s membership. The new branding was unveiled at the association’s annual summit in Denver, Colo. in July by association President Mark Paniccia.

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Appraisal Buzz

AUGUST 18, 2021

Twenty-five-year veteran of the industry tapped to lead mortgage tech provider in fostering strategic partnerships and to promote e-mortgage offerings. The post Chris Lewis Promoted to Director of Enterprise Solutions for DocMagic appeared first on theMReport.com. The post Chris Lewis Promoted to Director of Enterprise Solutions for DocMagic appeared first on Appraisal Buzz.

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Valuation Review

AUGUST 18, 2021

CoreLogic released its latest Home Price Index (HPI) and HPI Forecast for June 2021. As supply and demand pressures endure and construction costs spike, home price gains in June reached the highest annual growth since 1979. Read on to learn more.

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Construction 60

Appraisal Buzz

AUGUST 18, 2021

In today’s Buzzcast, we dive into the future of the GSEs and their impact on the appraisal and valuation industry. Today we have Thomas Wade, Director of Financial Services and Housing Policy at The American Action Forum, with Joan Trice, Founder of Allterra Group, LLC. We’ll be getting the inside scoop on what’s happening now and what changes are coming that will impact us all.

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Valuation Review

AUGUST 18, 2021

During the last year, we have become even more keenly aware of the need to be innovative and stay in compliance with state and federal laws and regulations. During this year’s National Settlement Services Summit (NS3) in Naples, Fla., industry experts will be sharing their expertise in different areas viewed through the lenses of innovation and compliance.

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Appraisal Buzz

AUGUST 18, 2021

In today’s Buzzcast, we dive into digitizing the appraisal process and our Business-Building Workshop, “Technology that Transforms.” Today we have Ernie Durbin, Chief Valuation Officer for Voxtur Valuation, with Joan Trice, Founder of Allterra Group, LLC. Ernie Durbin is the host of this technology workshop and we’ll be getting the inside scoop while Joan and Ernie discuss how appraisals are evolving.

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BiggerPockets

AUGUST 18, 2021

For the most part, Brandon Turner was able to achieve financial independence through small multifamily investing. This is why investing in duplexes, triplexes, quadplexes, and even 24-unit apartment buildings can […].

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Appraisal Buzz

AUGUST 18, 2021

ICE Mortgage Technology , part of Intercontinental Exchange Inc., has released additional enhancements to its Encompass platform. The Encompass 21.2 release supports the recently updated General Qualified Mortgage (QM) final rule enabling lenders to seamlessly calculate eligibility for QM loans using the new price-based thresholds which government-sponsored enterprises (GSE) will require in order to sell loans to the secondary market.

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Lamacchia Realty

AUGUST 18, 2021

Anthony Lamacchia announced a Summer Sales Contest during our June company-wide meeting to motivate and reward agents who are selling throughout the summer… and the contest was a huge success! The winners of the contest were announced during Lamacchia Realty’s yearly company event at Thompson Island. The contest ran from June 10th to August 10th and the top 3 agents with the highest number of under agreements (UAGs) during that time would automatically win a trip to the Crush it in R

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Appraisal Buzz

AUGUST 18, 2021

Safeguarding a little house in Oklahoma or Kansas is pricier than in less disaster-prone regions, but it is still 95% less than covering a larger residence. The post Insuring a Tiny Home appeared first on DSNews. The post Insuring a Tiny Home appeared first on Appraisal Buzz.

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BiggerPockets

AUGUST 18, 2021

Real estate investing isn't always exciting. In fact, sometimes it's downright boring. But is that really a bad thing? Maybe not. Learn more here.

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