Housing Wire

MARCH 16, 2022

The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time in four years, marking an end to the easy money that gave rise to the hottest mortgage market in U.S. history. The FOMC, as was predicted, raised the federal funds rate by 25 basis points to 0.25-0.50 percent, the first time the FOMC has changed the federal funds rate in two years, and the first rate hike since March 2018.

Inventory 441

Inventory Design Mortgage Buyers 441

Appraisal Buzz

MARCH 16, 2022

Targeting unfair discrimination in consumer finance, the CFPB vows to take action against financial institutions that engage in discriminatory conduct. The post CFPB Takes Aim at Anti-Discrimination Practices appeared first on DSNews. The post CFPB Takes Aim at Anti-Discrimination Practices appeared first on Appraisal Buzz.

Finance 195

Finance Appraisal 195

Housing Wire

MARCH 16, 2022

On Wednesday the Federal Reserve hiked interest rates 0.25%, which has forced me to raise my second recession red flag on this historic economic recovery and expansion. From the Federal Reserve : Indicators of economic activity and employment have continued to strengthen. Job gains have been strong in recent months, and the unemployment rate has declined substantially.

Housing Market 441

Housing Market Mortgage Marketing Inventory 441

Appraisal Buzz

MARCH 16, 2022

At the beginning of 2020, the markets were trucking along just fine until we learned of a new novel virus that would go on to change nearly every facet of our lives. For many, the allure of small-town life became a necessity as cities became COVID-19 hotspots and were eventually locked down completely. Others decided … The post Borrowers Want to Reach Servicers Digitally When Help is Necessary appeared first on DSNews.

Appraisal 195

Appraisal Marketing 195

Housing Wire

MARCH 16, 2022

United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, announced on Wednesday it will accept personal or business bank statements in self-employed borrowers’ loan applications. The step comes as rising interest rates slow the flood of refinances, reduce lenders’ origination volume, and companies prepare to boost their non-qualified mortgage (non-QM) products.

Lending 384

Lending Insurance Government Mortgage 384

Appraisal Buzz

MARCH 16, 2022

Second Century Ventures (SCV), National Association of REALTORS ’ (NAR) strategic technology investment arm, has launched the NAR REACH Labs program. This program helps Realtor associations engage with the startup community and source innovation for its members more quickly, efficiently and effectively. “Over the past decade, Second Century Ventures has supported and advanced innovation that reinforces Realtors’ essential role in the real estate transaction,” states Dave Garlan

Realtors 195

Realtors Real Estate Technology Investing 195

Appraisal Buzz

MARCH 16, 2022

Today’s Buzzcast interview is with Andrew Bough, Executive Vice President of Valuation Connect. We sat down with Andrew and Joan Trice, Founder of Allterra Group, LLC to discuss their time in the industry together and what to look forward to in these next few years as an appraiser. What are some of the changes you’ve seen over the course of your career?

Appraisal 195

Appraisal Valuation Modernization 195

Housing Wire

MARCH 16, 2022

Angel Oak Mortgage Inc. , a real estate investment trust focused on investing in nonqualified mortgages, announced that it recorded net income of $21.1 million for the year ended December 31, 2021, and $3.1 million for the final quarter of last year, on net interest income of $49.1 million and $16.6 million, respectively. The earnings performance of AOMR in 2021 represents a big bump from 2020, when REIT reported annual net income of only $736,000 on net interest income of $33.3 million.

Mortgage 375

Mortgage Finance Investing Lending 375

Appraisal Buzz

MARCH 16, 2022

The Market Composite Index, a measure of mortgage loan application volume, decreased 1.2% on a seasonally adjusted basis from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending March 11, 2022. On an unadjusted basis, the Index decreased 1% compared with the previous week.

Mortgage 195

Mortgage Appraisal Marketing 195

Housing Wire

MARCH 16, 2022

Interest in residential mortgages fell 1.2% for the week ending March 11 as mortgage rates rose to their highest levels since May 2019, according to the Mortgage Bankers Association ‘s latest survey. “Mortgage rates continue to be volatile due to the significant uncertainty regarding Federal Reserve policy and the situation in Ukraine,” said Joel Kan, associate vice president of economic and industry forecasting for the MBA. “Investors are weighing the impacts of rapidly increa

Supply Chain 374

Supply Chain Mortgage Contracts Government 374

George Dell

MARCH 16, 2022

Per FreddieMac (Scott Reuter, Chief Appraiser)[1] recently stated: “Appraisers need to spend time on developing a market conditions analysis in the appraisal. It’s truly the backbone of the appraisal.” Per the Fannie Mae Selling Guide: “The date of sale and the time adjustment (market conditions) are critical elements in determining an accurate value because the […].

Marketing 195

Marketing Development Appraisal Market Value 195

Housing Wire

MARCH 16, 2022

Tech-fueled retail mortgage lender InstaMortgage has merged with mortgage broker shop All Cal Financial , a rare example of a top-performing brokerage switching channels. Terms of the deal, which was announced on Tuesday, were not disclosed. As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage.

Retail 372

Retail Loan Officers Brokerage Technology 372

Appraisal Buzz

MARCH 16, 2022

Lisa Heitzmann, an experienced mortgage leader and strategic advisor, recently joined non-QM lender Deephaven Mortgage as chief operating officer (COO). Heitzmann has a broad and deep background in all facets of the mortgage business—including credit, risk, compliance, quality and production. Before coming to Deephaven, she was a mortgage industry consultant focused on process assessment and optimization.

Mortgage 170

Mortgage Business Appraisal 170

Housing Wire

MARCH 16, 2022

Cyberattacks are on the rise in recent weeks, as sanctions on Russia push its economy to the breaking point , and mortgage lenders may have unique vulnerabilities. Cybersecurity experts said in interviews that in the past couple of weeks, cyberattacks targeting the financial sector, that are in part traced back to Russia, have been more elevated than usual.

Mortgage 370

Mortgage Marketing Lending Loan Officers 370

Appraisal Buzz

MARCH 16, 2022

To counter high inflation, the Federal Reserve on Wednesday raised short-term interest rates for the first time since 2018, increasing the benchmark Federal Funds Rate by 0.25%, to a target range of between 0.25% and 0.50%. The FOMC noted in its statement that the economic outlook remains “highly uncertain” in the face of the war in Ukraine. “The invasion of Ukraine by Russia is causing tremendous human and economic hardship,” the FOMC says in.

Appraisal 150

Appraisal 150

Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform. Roostify, a mortgage technology provider, will integrate the solution to its digital home lending platform.

Technology 331

Technology Real Estate Agent Loan Officers Lending 331

Appraisal Buzz

MARCH 16, 2022

FinLocker , which offers a financial fitness and homeownership app, is partnering with HomeScout , a lender-centric platform dedicated to growing conversions and retention rates for the mortgage industry, to help homebuyers overcome home search challenges. The partnership will enable homebuyers to research the cost of homes in their preferred neighborhoods, create a homebuying budget and receive the downpayment and closing costs associated with that sales price without leaving their FinLocker.

Appraisal 150

Appraisal Mortgage 150

Housing Wire

MARCH 16, 2022

Women have, undoubtedly, made great strides in earning coveted leadership positions in the workplace. According to data from McKinsey and LeanIn.org’s 2021 Women in the Workplace Study , the share of women in senior vice president and C-suite positions has grown in recent years – up six percentage points for SVP roles (23 to 29%) and four percentage points for C-suite roles (17 to 21%) between 2015 and 2020.

Mortgage 328

Mortgage Business Realtors Appraisal 328

Appraisal Buzz

MARCH 16, 2022

Today’s Buzzcast interview is with Andrew Bough, Executive Vice President of Valuation Connect. We sat down with Andrew and Joan Trice, Founder of Allterra Group, LLC to discuss their time in the industry together and what to look forward to in these next few years as an appraiser. What are some of the changes you’ve seen over the course of your career?

Appraisal 150

Appraisal Valuation 150

Housing Wire

MARCH 16, 2022

Anthony Hsieh, founder and CEO of loandepot. California-based nonbank lender loanDepot is the target of a new shareholder lawsuit. . Investor Tuyet Vu accuses seven top executives and board members, including loanDepot’s founder Anthony Hsieh, of making misleading statements and omitting information in connection with the company’s initial public offering (IPO). .

Investors 276

Investors Mortgage Business 276

Appraisal Buzz

MARCH 16, 2022

Canopy Financial Technology Partners ‘ due diligence product is being integrated with Liquid Mortgage ’s digital asset solution. Once fully integrated, loan investors and securities issuers will have the ability to attach due diligence reporting and data directly to a loan-backed digital asset on a blockchain. This reporting will remain with the digital asset in a verifiable and transparent format for the life of the loan.

Mortgage 195

Mortgage Investors Technology Appraisal 195

Eyes on Housing

MARCH 16, 2022

The prices of goods used in residential construction ex-energy climbed 1.6% in February (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials prices increased 20.4%, year-over-year, and have risen 31.3% since January 2020. Over the past five months, the index has climbed 10.6%.

Construction 180

Construction 180

GoForrmz

MARCH 16, 2022

Elevate your retail collaboration and productivity with these powerful data collection automations Retail teams are faced with the challenge of providing an excellent customer experience all while maintaining low operating costs. Paper forms create a significant amount of work for team members and often are disorganized and inaccurate. Manual data entry processes are not only time-consuming but inefficient and expensive.

Retail 147

Retail Legal Business Technology 147

Eyes on Housing

MARCH 16, 2022

The first of many expected Federal Reserve hikes of the short-term federal funds rate was announced today. Combined with future balance sheet runoff, these monetary policy moves will lead to higher mortgage rates in 2022 and 2023 as the Fed attempts to curb elevated inflation. As widely expected by forecasters and markets, the Fed raised the federal funds rate by.

Mortgage 142

Mortgage Marketing 142

D Fritz Appraisals

MARCH 16, 2022

Investment Property Appraisals – What You Need to Know. Let’s take a look at investment property appraisals because it doesn’t look like our gold rush of a real estate market is slowing down anytime soon. Perhaps your family has outgrown your home and are thinking of moving but would like to keep your current place of residence. Mortgages, property taxes, and utilities aren’t going to get much cheaper, so what’s a viable solution?

Appraisal 78

Appraisal Insurance Investing Property Taxes 78

Empire Appraisal Group

MARCH 16, 2022

CFPB Wants to Remove Bias in Algorithm Appraisals. By Kerry Smith. An automatic appraisal that uses historical data can simply mirror existing discrimination, says the national consumer agency, now reviewing loan algorithms. WASHINGTON – An automatic appraisal sounds fair, as if taking the human element out of lending decisions can erase bias by lenders who may not even know they’re making biased decisions.

Appraisal 78

Appraisal Valuation Lending Home Value 78

JMV Lending

MARCH 16, 2022

“I knew a guy who sold his house for $100,000 under the market value because he felt like it…” said nobody. Ever. My point is that no seller is ever going to knowingly sell a property for under market value in this day and age – when listing information is made available to everyone via […]. The post Why Homes Have to “Season” After Close Before Appraising Them for More appeared first on JVM Lending.

Appraisal 78

Appraisal Market Value Lending Sellers 78

Mashvisor

MARCH 16, 2022

After two years, people are starting to feel comfortable with traveling again. Is this the year to start investing in an Airbnb Austin property?

Investing 69

Investing Investors Marketing 69

BiggerPockets

MARCH 16, 2022

It’s possible to trust the market as a commercial or residential real estate investor or in any other asset type. Trusting your acquisition and operating skills will serve you well in any market. But please don’t count on the market to do the heavy lifting for you.

Real Estate 60

Real Estate Investors Marketing 60

Mashvisor

MARCH 16, 2022

The 2022 Russia invasion of Ukraine has caused economic insecurity worldwide. Will it worsen or ease the US housing market’s current problems?

Housing Market 69

Housing Market Marketing Real Estate Investors 69

BiggerPockets

MARCH 16, 2022

f you’re diving into the investment real estate pool, take a swim in Kansas City. Earn passive income, build up your portfolio, and gain substantial wealth using a 1031 exchange in the Midwest.

Real Estate 60

Real Estate Investing Marketing 60

Mashvisor

MARCH 16, 2022

Now that 2021 has passed, it’s time to start looking forward. What factors will influence the Philadelphia real estate market in 2022?

Real Estate 68

Real Estate Marketing Investors 68

BiggerPockets

MARCH 16, 2022

If you’re new to investing in real estate, you may not have run your first real estate analysis yet. But as soon as you start looking at properties, you’ll become […].

Real Estate 56

Real Estate Investing 56

Mashvisor

MARCH 16, 2022

Are you looking for market data and analytics to help you make smart investment decisions? Then, you must’ve heard of Zillow market data.

Investors 64

Investors Marketing Modernization Real Estate 64