Housing Wire
AUGUST 2, 2021
Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. The quarterly survey found that banks loosened their underwriting standards most notably for jumbo products, including qualified mortgages (QM), jumbo mortgages and non-QM jumbo mortgages.
Appraisal Buzz
AUGUST 2, 2021
Company representatives say they have added a component to a suite of products designed to transform the buying, selling, or refinancing experience. The post Fidelity Launches Online Notarization Tool appeared first on theMReport.com. The post Fidelity Launches Online Notarization Tool appeared first on Appraisal Buzz.
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Housing Wire
AUGUST 2, 2021
Alanna Strei of eXp Realty in San Diego and Cornerstone Communities’ new San Diego townhouses. Real estate agent Alanna Strei’s client wanted to check out “Tesoro Vista Del Sur,” 134 newly built townhouses in the Ocean View Hills area of San Diego. The three-story abodes were part of an array of newly built properties that homebuilders are creating across Southern California.
Appraisal Buzz
AUGUST 2, 2021
PERSON OF THE WEEK: The mortgage industry is on a never-ending quest to achieve the perfect borrower experience. Today, that means lenders must be willing to invest in technology that delivers the best possible online, all-digital, “contactless” experience, as well as personalized and efficient live support via the channel of the borrower’s choice (phone, email, text, etc.).
Housing Wire
AUGUST 2, 2021
The use of remote online notarization is now permitted in Illinois, New Jersey and Oregon, bringing the number of states with RON legislation up to 37. Legislation is also pending in New York and New Hampshire, according to the American Land Title Association. The only states to not pass RON legislation to date are California, Mississippi, Alabama, Georgia, South Carolina, North Carolina, Delaware, Connecticut, Rhode Island, Maine, and Massachusetts.
Appraisal Buzz
AUGUST 2, 2021
The agency’s Acting Director Sandra Thompson says the appointment will enable the regulator to more effectively execute its mission. The post Phyllis Fong Named FHFA’s Acting Inspector General appeared first on DSNews. The post Phyllis Fong Named FHFA’s Acting Inspector General appeared first on Appraisal Buzz.
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Appraisal Buzz
AUGUST 2, 2021
After continued declines in the share of forbearance plans, totals this week nearly plateaued, with many homeowners still in need the relief provided. The post Share of Forbearance Volume Cools to Near Halt appeared first on DSNews. The post Share of Forbearance Volume Cools to Near Halt appeared first on Appraisal Buzz.
Housing Wire
AUGUST 2, 2021
Digital title provider Doma has finally gone public, but has already had to pay out nearly $300 million to early investors who redeemed their shares. Backers said in March that they expected the SPAC merger to raise $645 million in cash — $300 million provided by private investors, plus another $345 million raised in a December initial public offering of Capitol Investment Corp.
Appraisal Buzz
AUGUST 2, 2021
The share of mortgages in forbearance decreased by 1 basis point during the week ended July 25, reaching 3.47% of servicers’ portfolio volume, down from 3.48% the previous week, according to the Mortgage Bankers Association’s (MBA) Forbearance and Call Volume Survey. About 1.74 million homeowners remained in forbearance plans, with foreclosure moratoriums expected to expire on July 31, unless extended retroactively.
Housing Wire
AUGUST 2, 2021
Due to the COVID-19 pandemic, the world rushed to digitize and transactions that once happened in person were forced online. And while the housing market continued to surge amid these changes, some people were still hesitant to do business in a digital landscape and unsure how to navigate the litany of rules related to compliance and processes. Technology has streamlined the real estate industry, but it has also left the industry confused on how to bring the myriad of regulations, documents and
Appraisal Buzz
AUGUST 2, 2021
Low mortgage rates and continued homebuyer demand during the pandemic have driven the luxury home market to new highs, as affluent buyers continue to take advantage of a strong stock market and increased savings. The post Q2 Purchases of Luxury Homes Surge 88.2% YoY appeared first on theMReport.com. The post Q2 Purchases of Luxury Homes Surge 88.2% YoY appeared first on Appraisal Buzz.
Housing Wire
AUGUST 2, 2021
The COVID-19 pandemic forced the mortgage industry to digitize transactions that were once completely done in-person. And while technology has streamlined the industry, many housing professionals are still hesitant to exist in a digital landscape. This is partly due to the complexity of the mortgage process, especially at closing. For everything to run smoothly, there needs to be effective coordination between everyone involved – which can be challenging.
Appraisal Buzz
AUGUST 2, 2021
In her new position, longtime USDA IG Phyllis Fong will oversee audits, investigations, and other oversight activities relating to FHFA’s operations. . The post FHFA Appoints New Acting Inspector General appeared first on theMReport.com. The post FHFA Appoints New Acting Inspector General appeared first on Appraisal Buzz.
Valuation Review
AUGUST 2, 2021
Valuation Review recently caught up with Valcre co-founder and CEO Lucas Rotter for a more in-depth follow-up to our story about his company. Rotter addressed commercial appraising and the challenges the industry continues to experience because of the pandemic. Read on for more of the conversation.
Appraisal Buzz
AUGUST 2, 2021
HomeXpress Mortgage , a Non-QM mortgage lender, has launched its new X-CONNECT broker portal. It offers a more user-centric and responsive resource to connect approved brokers and account executives during the loan funding process. This includes significant upgrades to the user interface, pricing engine, communication and funding tools. Within the portal, brokers can submit Non-QM mortgage lending scenarios, price loans, track loan milestones, communicate securely and store documents in preparat
Appraisal Hub
AUGUST 2, 2021
Selling your home soon? Its location, land size, and the current status of the real estate market in Toronto obviously have a huge impact on the value of your property. But did you know that there are many other elements that can help you get a higher appraisal? A Toronto property appraiser can tell you more about these surprising factors that can affect your home’s overall evaluation: Smells – The Clean Air Coalition of British Columbia surveyed 200 Realtors in BC in 2015 and found that 76 perc
Appraisal Buzz
AUGUST 2, 2021
Servicers confront complex instructions from regulatory agencies as they prepare for 1.2 million homeowners to exit forbearance plans in 2021. The post Mortgage Professionals Face ‘Staggering’ Operational Challenges appeared first on DSNews. The post Mortgage Professionals Face ‘Staggering’ Operational Challenges appeared first on Appraisal Buzz.
Mashvisor
AUGUST 2, 2021
What is a limited service listing? A limited service listing is a kind of listing submitted to the multiple listing service (MLS) where the listing broker performs limited services.
Appraisal Buzz
AUGUST 2, 2021
Servicers confront complex instructions from regulatory agencies as they prepare for 1.2 million homeowners to exit forbearance plans in 2021. The post Mortgage Professionals Face ‘Staggering’ Operational Challenges appeared first on DSNews. The post Mortgage Professionals Face ‘Staggering’ Operational Challenges appeared first on Appraisal Buzz.
BiggerPockets
AUGUST 2, 2021
The desire to over-improve a rental property is probably most common among new investors. It’s just easy to get excited! However, to maximize your profits, you want to avoid over-improving any property.
Appraisal Buzz
AUGUST 2, 2021
Our latest edition of the Appraisal Buzz Magazine is now showing up in mailboxes all across the country! These valuable and helpful discussions range from the cost approach to algorithmic regulation. Our cover article is an incredibly insightful conversation on racial bias in the appraisal industry. We have articles to help appraisers, AMCs, and lenders grow in every aspect of their business.
Valuation Review
AUGUST 2, 2021
Better, a digital homeownership company, recently launched Better Appraisal Guarantee enabling mortgage applicants and prospective homebuyers to waive their appraisal contingencies and more effectively compete with cash offers. Qualified buyers applying for home purchase mortgages can lock their terms online in approximately 15 minutes or less.
Appraisal Buzz
AUGUST 2, 2021
A group of elected officials slept outside the Capitol this weekend, urging their counterparts to take action to prevent mass evictions ahead of their scheduled recess. The post Congressional Contingent Pushes for Eviction Moratorium Extension appeared first on DSNews. The post Congressional Contingent Pushes for Eviction Moratorium Extension appeared first on Appraisal Buzz.
Valuation Review
AUGUST 2, 2021
The U.S. Government Accountability Office (GAO) published its findings on the impact of the COVID-19 protections and other federal efforts, and how they have reduced default and foreclosure risks. The report considers data from the National Mortgage Database, the Mortgage Bankers Association, and Black Knight, Inc.
Appraisal Buzz
AUGUST 2, 2021
It’s been 13 years since the average profit margin dropped during a Q2 period, say analysts as they examine this and other market metrics. The post Home Sales ROI Takes ‘Unusual Dip’ appeared first on theMReport.com. The post Home Sales ROI Takes ‘Unusual Dip’ appeared first on Appraisal Buzz.
Valuation Review
AUGUST 2, 2021
October Research, LLC produced a webinar hosted by Valuation Review featuring panelists from the Appraisal Institute (AI) in State/Industry Affairs Manager Scott DiBiasio, and AI Government/External Relations Director Bill Garber. The speakers addressed new regulations being proposed and implemented at every level to address fair housing and diversity equity and inclusion in the real estate transaction.
Appraisal Buzz
AUGUST 2, 2021
MReport speaks with experts from Embrace Home Loans, Homespire Mortgage, Inlanta Mortgage, Planet Home Lending, and more about how borrower needs and priorities are shifting. The post The New American Homebuyer appeared first on theMReport.com. The post The New American Homebuyer appeared first on Appraisal Buzz.
Valuation Review
AUGUST 2, 2021
After a year of Zoom meetings and virtual trade shows/conferences because of COVID-19 precautions, it’s time for the Appraisal Institute’s Annual Conference to return to normal as attendees will gather at the JW Marriott Orlando Grande Lakes Hotel in Orlando, Fla., Aug. 9-10. Valuation Review will be there to cover the event. Read on for a brief preview.
Appraisal Buzz
AUGUST 2, 2021
Even higher-end homes were not safe to price hikes and bidding wars in 2021, with the luxury market seeing increases. The post Luxury Home Prices Spike in Q2 appeared first on DSNews. The post Luxury Home Prices Spike in Q2 appeared first on Appraisal Buzz.
Valuation Review
AUGUST 2, 2021
The American Society of Appraisers (ASA) expressed disappointment about the continued exclusion of the appraisal profession from ongoing federal agency efforts on valuation bias. The Department of Housing and Urban Development held a virtual event Friday, July 30 looking at bias issues surrounding the home valuation process and ASA wasn’t a part of it.
Appraisal Buzz
AUGUST 2, 2021
The Federal Housing Finance Agency (FHFA) has named Phyllis K. Fong as the acting inspector general. She will continue to serve as the inspector general for the U.S. Department of Agriculture (USDA) while she serves as the acting FHFA inspector general. Fong will be the senior official in the Office of Inspector General (OIG) responsible for audits, investigations, and other oversight activities relating to FHFA’s programs and operations. “FHFA takes great pride in being.
BiggerPockets
AUGUST 2, 2021
All landlords want to collect rent with as little hassle as possible. One popular method landlords use to collect rent online for free is Venmo. But with the app's new transaction fees, is that a good idea?
Lamacchia Realty
AUGUST 2, 2021
The latest agent to achieve Lamacchia Realty’s highly sought-after President’s Club distinction is Angela Harkins! To qualify, agents must achieve a certain number of transactions or level of sales volume. In 2021, Angela has already surpassed $16,000,000 in sales volume! Angela is an incredibly hard-working and dedicated REALTOR who works with buyers and sellers all over Northern Massachusetts and Southern New Hampshire.
BiggerPockets
AUGUST 2, 2021
You may have heard the term “real estate syndication” thrown out quite a lot over the past few years. It seems like almost every real estate investor is either starting […].
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