Housing Wire
DECEMBER 15, 2021
Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. The round valued the company at $540 million and was led by 10T Holdings, the company announced on Wednesday. Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs.
Sacramento Appraisal Blog
DECEMBER 15, 2021
This year is almost over and I’ll be shutting things down until January. Okay, I actually have a ton of work to finish, but this will be my final post of the year. With that said, I have a few things on my mind. January public speaking gigs: January 12: Top Producer Panel in Granite […].
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Housing Wire
DECEMBER 15, 2021
Mortgage applications fell 4% for the week ending Dec. 10, large part because fewer borrowers are looking to refi their exiting mortgages, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The decrease was mainly driven by the refi index falling 6.4% from the previous week on a seasonally adjusted basis. Concurrently, the purchase index increased 0.7% from the week prior.
Appraisal Buzz
DECEMBER 15, 2021
On December 15, 2021, Fannie Mae issued Announcement SEL-2021-11 which heralded a number of changes that were made to its Selling Guide. Several of the changes are aimed at underwriters and do not affect appraisers; however, there is one significant change for appraisers that will change the way they inspect properties in the not-so-distant future. As of April 1, 2022, Fannie Mae will require appraisers to measure subject property improvements using ANSI Standard Z765-2021.
Housing Wire
DECEMBER 15, 2021
The Federal Reserve announced that it is accelerating its tapering of bond-purchases starting in January. The central bank’s Federal Open Markets Committee said that “in light of inflation developments and the further improvement in the labor market,” it will reduce the pace of its monthly purchases by $20 billion for Treasury securities and $10 billion for agency mortgage-backed securities.
Appraisal Buzz
DECEMBER 15, 2021
Overall rate locks fell 4.7% in November compared with October, driven by a 9.4% drop in rate/term origination activity, according to Black Knight’s latest Originations Market Monitor report. It was the third consecutive monthly decline in overall origination volume, bringing it to its lowest level since February 2020, prior to the onset of the pandemic.
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Appraisal Buzz
DECEMBER 15, 2021
Beeline , a start-up mortgage lender that combines automation and AI to deliver a digital mortgage experience, has completed a Series A round of financing for an undisclosed amount. The capital will be invested in automation and artificial intelligence (AI), the company says in a release. The round of financing was led by the Cavalry Fund and included participation from strategic co-investors Atalaya Capital Management, Ellington Financial Inc., and Australia-based Pipeline Capital.
George Dell
DECEMBER 15, 2021
Obsolete — Standards?! This is third in a series, as we look at this question from the viewpoints five forces of friction: process, standards, education, client expectation, and regulation. This issue is about valuation standards. We will end with part 7: the mystery solution. In the United States, the predominant standards are USPAP (Uniform Standards […].
Appraisal Buzz
DECEMBER 15, 2021
ClearPath Lending , a VA home loan origination firm, reports that it has provided more than 50,000 mortgage loans that were guaranteed by the Department of Veterans Affairs or insured by the Federal Housing Administration (FHA) since the company was founded in 2012. ClearPath helps military and Veteran families get home loans with zero down payment, and eligible civilian families get a mortgage loan with only 3% down payment.
Eyes on Housing
DECEMBER 15, 2021
The prices of goods used in residential construction ex-energy climbed 1.8% in November (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The monthly increase was driven by price increases in nearly every product category. Building materials prices have increased 14.1% year-to-date, more than tripling the November YTD increase of.
Appraisal Buzz
DECEMBER 15, 2021
Mortgage lenders are predicting the market will return to some semblance of normal in 2022, at least that’s according to Fannie Mae’s Mortgage Lender Sentiment Survey, which is a quarterly poll of senior lending executives to assess their views and outlook across the mortgage market. Among the 205 lenders surveyed, 65% predicted that their profit margins would decrease during the next … The post Lenders Predict Return to Normal Market Conditions in 2022 appeared first on DSNews.
Eyes on Housing
DECEMBER 15, 2021
At the conclusion of its December policy meeting, the Federal Reserve announced changes to its outlook and projections that move monetary policy further away from the accommodative stance that has supported the economic rebound from the 2020 recession. This pivot toward tighter policy is a direct result of ongoing, elevated inflation data. Today’s announcement makes several changes to both the.
Appraisal Buzz
DECEMBER 15, 2021
Mortgage lenders are predicting the market will return to some semblance of normal in 2022, at least that’s according to Fannie Mae’s Mortgage Lender Sentiment Survey, which is a quarterly poll of senior lending executives to assess their views and outlook across the mortgage market. Among the 205 lenders surveyed, 65% predicted that their profit margins would decrease during the next … The post Lenders Reported Less Demand Across All Loan Types appeared first on theMReport.com.
Urban
DECEMBER 15, 2021
By 2060, the AAPI population is expected to surpass 38 million. Before then, policymakers and researchers need to better understand the disparities among this diverse community if they want to eliminate barriers to accessing homeownership.
Appraisal Buzz
DECEMBER 15, 2021
Expect slower housing price appreciation, easing inflation and rising interest rates in 2022, according to a survey of more than 20 top U.S. economic and housing experts, reveals Lawrence Yun, National Association of Realtors ’ (NAR) chief economist and senior vice president of research. For 2022, the group of experts predicted that annual median home prices will increase by 5.7%, inflation will rise 4% and the Federal Open Market Committee will twice increase the federal.
Realtor
DECEMBER 15, 2021
Getty Images Despite policies meant to bar race-related bias in assessing property values, many home appraisers continue to make references to the neighborhood’s racial demographics in their assessments of a home’s value. That’s the takeaway from an examination of millions of property valuations conducted by the Federal House Finance Agency, the main regulator that oversees Fannie Mae and Freddie Mac.
Appraisal Buzz
DECEMBER 15, 2021
Mortgage applications decreased 4% from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending December 10, 2021. The market composite index, a measure of mortgage loan application volume, decreased 4% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index decreased 6% compared with the previous week.
McKissock
DECEMBER 15, 2021
Social media marketing for real estate has become a bonafide way to market your business and build your personal brand. Want to know why? Your biggest market at this moment (and likely for years to come) are Millennials. And Millennials love their social media. This isn’t about falling in line with some hot trend or fad either. It’s not a gimmick. Social media is one of your best options for reaching the people most likely to need your services.
Appraisal Buzz
DECEMBER 15, 2021
U.S. banks and credit unions cite the constantly changing regulatory landscape as a major risk management concern in a new survey. The post Evolving Regulatory and Risk Landscape Elevates Concern Among Lenders appeared first on DSNews. The post Evolving Regulatory and Risk Landscape Elevates Concern Among Lenders appeared first on Appraisal Buzz.
GoForrmz
DECEMBER 15, 2021
Enhance your data collection process by utilizing Conditional Logic within your online form With the help of Conditional Logic , you can seamlessly guide user data entry, resulting in fewer obstacles and more accurate information. In some cases, adding Conditional Logic can even eliminate the need for dozens of paper forms. This is made possible by the ‘if/then’ nature of Conditional Logic forms, which can hide and highlight different form fields based on predetermined criteria.
Appraisal Buzz
DECEMBER 15, 2021
Moving South may save you more money than you think, as states like Arkansas, Missouri and West Virginia remain affordable throughout the pandemic. The post Nearly Half of All Americans Looking to Relocate for Financial Gain appeared first on DSNews. The post Nearly Half of All Americans Looking to Relocate for Financial Gain appeared first on Appraisal Buzz.
Valuation Review
DECEMBER 15, 2021
At the 2021 Appraisal Summit conference in Las Vegas, Valuation Review attended the “Addressing Bias in Real Estate & Promoting Fair Housing” session. Industry veterans offered specific definitions for clarity, as well as what programs are available for the industry to tackle this problem. Read on for complete details and insight.
Appraisal Buzz
DECEMBER 15, 2021
Many are finding themselves sacrificing meals, scraping by, and getting additional jobs in order to afford housing payments in the U.S. The post Majority of Americans Struggling With Housing Payments appeared first on theMReport.com. The post Majority of Americans Struggling With Housing Payments appeared first on Appraisal Buzz.
Valuation Review
DECEMBER 15, 2021
The Appraisal Institute (AI) advised homeowners that it’s beneficial to winterize their properties sooner, rather than later. AI President Rodman Schley outlined some specifics concerning what boxes to check.
Appraisal Buzz
DECEMBER 15, 2021
Surprisingly Resilient After Fed Doubles Tapering Pace After implementing the tapering plan 6 short weeks ago, the Fed quickly found itself in a position to accelerate the pace of reductions. This was probably going to take the form of 100% increase, but there was some small chance it would be smaller. The Fed opted for the 100% increase and bonds reacted logically considering the widespread expectations.
Valuation Review
DECEMBER 15, 2021
Solidifi launched its Appraiser Trainee Mentorship and Scholarship Program. As part of the program, the company will be joining the Appraiser Diversity Initiative as an advisor sponsor and in-kind sponsor that will provide scholarships and mentoring for new entrants to the appraisal profession.
Appraisal Buzz
DECEMBER 15, 2021
VyStar Credit Union , a Florida-based credit union, 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 servicing system, to support its growing business operations. “Our selection of Black Knight’s premier servicing and origination products marks a meaningful advancement for VyStar’s more than 800,000 members,” says Jenny Vipperman, V
Valuation Review
DECEMBER 15, 2021
Apprise by Walker & Dunlop expanded its reach in the West Coast region with the addition of Managing Director Aaron DeCollibus, Senior Director Nikolas Rieser, and Associate Director Jared Nelson. DeCollibus and Nelson are based in Seattle, while Rieser is based in Phoenix.
Appraisal Buzz
DECEMBER 15, 2021
Assuming the vacant role of Ginnie Mae President, Alanna McCargo brings experience with both HUD and Fannie Mae to her new role. The post Senate Confirms Alanna McCargo as Ginnie Mae Head appeared first on DSNews. The post Senate Confirms Alanna McCargo as Ginnie Mae Head appeared first on Appraisal Buzz.
Valuation Review
DECEMBER 15, 2021
Freddie Mac reminded homeowners and mortgage servicers of its immediate disaster-relief options for those affected by tornadoes in Kentucky and the surrounding areas. Mortgage servicers may immediately leverage Freddie Mac’s short-term forbearance programs to provide homeowners mortgage relief for up to 12 months without incurring late fees or penalties.
Appraisal Buzz
DECEMBER 15, 2021
[link]. In today’s Buzzcast, we dive into the heated debate from Valuation Expo, “To Inspect or not to Inspect” where we discuss both sides to the new bifurcated appraisal. Today we have Joan Trice, Founder of Allterra Group, LLC., and Jordan Petkovski, Vice President and Chief Valuations Officer of Mueller Reports. We’ll be getting the inside scoop while they discuss the pros and cons to this new normal that appraisers face.
Valuation Review
DECEMBER 15, 2021
JLL’s Valuation Advisory group announced Javier Seda-Romero has joined its Environmental and Property Condition team. He will serve as a project management director specializing in property condition assessments. Read on for more details.
Appraisal Buzz
DECEMBER 15, 2021
In today’s Buzzcast, we dive into the heated debate from Valuation Expo, “To Inspect or not to Inspect” where we discuss both sides to the new bifurcated appraisal. Today we have Joan Trice, Founder of Allterra Group, LLC., and Jordan Petkovski, Vice President and Chief Valuations Officer of Mueller Reports. We’ll be getting the inside scoop while they discuss the pros and cons to this new normal that appraisers face.
Valuation Review
DECEMBER 15, 2021
LoanLogics, a digital mortgage solutions provider, has acquired LoanBeam, a provider of income calculation and verification technology endorsed by government-sponsored entities Fannie Mae and Freddie Mac. Terms of the private transaction were not disclosed. Read on to learn company reaction.
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