Tue.Apr 19, 2022

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FHA adds 40-year loan term to COVID-19 arsenal

Housing Wire

The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. For now, only borrowers financially impacted by the pandemic can opt for the loss mitigation option, and it may only be used in combination with a partial claim option.

Insurance 496
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Caution Where Needed

The Appraiser Coach

Toward the beginning of the Covid-19 pandemic, I heard a lot of people who said something like, “Dustin, I think that there’s going to be a lot more flexibility because. Read More.

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Better.com institutes third major layoff

Housing Wire

A force reduction of about 4,000 workers since December apparently wasn’t enough to stop the bleeding for Better.com. The digital lender on Tuesday morning announced that it would be executing its third major layoff, though it did not disclose how many workers would be shown the door. Sources familiar with the layoffs said it would be “significant” and felt across the company’s divisions, including at Better Real Estate , a brokerage-like venture the company launched last

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More Homeowners Staying Put with Mortgage Rates Below Current Levels, Redfin Finds

Appraisal Buzz

About half (51%) of U.S. homeowners with mortgages have a mortgage rate under 4% – substantially below the current level of 5%, according to a new report from Redfin. About one-third (32%) of all homeowners – including those without mortgages – have a mortgage rate under 4%. With rates now at their highest level in over a decade, many of these homeowners may be incentivized to stay put because selling their home and buying.

Mortgage 195
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Redwood Trust reveals five new VC deals

Housing Wire

At an investor conference last fall, Redwood Trust Inc. CEO Christopher Abate outlined the company’s strategy to expand its reach in existing markets while also seeking out strategic investments in new markets. Those new investments include venture capital plays, particularly in the financial-technology arena. Abate described technology as being key to “building efficiencies” to accomplish the real estate investment trust’s goals.

Investing 384
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Another Strong Year Ahead?

Appraisal Buzz

First American Financial Corporation released First American’s proprietary Potential Home Sales Model (PHSM) for March 2022, showing that potential existing-home sales decreased to a 5.97 million seasonally adjusted annualized rate (SAAR) — a 3.2% month-over-month decrease. The market potential for existing-home sales decreased 3.9% compared to 2021, — a loss of 240,100 (SAAR) sales, while … The post Another Strong Year Ahead?

Appraisal 195

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Asteroom Announces Launch of New Desktop Appraisal Solution for Appraisal Management Companies

Appraisal Buzz

3D tour technology reveals a new efficient and accurate way to gather data by launching a national network to collect data to complete desktop appraisals. San Francisco, CA–Asteroom Inc. today launched its new nationwide desktop appraisal data collection service to fully enable the new property valuation method called desktop appraisal endorsed and approved by Fannie Mae and Freddie Mac that started on March 19, 2022.

Appraisal 195
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Single-Family Permits Weaken in March

Eyes on Housing

Single-family starts permits declined in March, as higher interest rates weighed on housing affordability and produced a fourth straight decline for the NAHB/Wells Fargo HMI. Additionally, the cost and availability of materials, lumber, labor and lots remain key supply-side headwinds. Nonetheless, the resale market lacks inventory supporting ongoing demand for new construction.

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FREE Webinar: The Appraisal Foundation 2022 Q2 Update

Appraisal Buzz

On Wednesday, May 25, 2022, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “The Appraisal Foundation 2022 Q2 Update.” Participate in this Q&A session with Lisa Desmarais, Vice President, Appraisal Issues with The Appraisal Foundation (TAF). Hear about proposed changes to USPAP as well as an update on current AQB and ASB activities.

Appraisal 195
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5 Digital Forms for Food Processing Safety

GoForrmz

The forms that will transform your food safety operations Food safety inspections require a significant amount of documentation. Relying on paper forms for your inspections can cause errors in data collection. Administrative staff that is reliant on parsing through inaccurate and incomplete form fields can cause bottlenecks within business processes.

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Covius Expands Partnership With Black Knight

Appraisal Buzz

Under terms of the new deal, Black Knight customers will have access to Covius’ array of loss mitigation and modification agreement solutions. The post Covius Expands Partnership With Black Knight appeared first on DSNews. The post Covius Expands Partnership With Black Knight appeared first on Appraisal Buzz.

Appraisal 195
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Room-By-Room Guide to Eco-Friendly Home Modifications and Renovations

Raleigh Realty

Eco-Friendly Upgrades To Consider in Your Next Home No matter where you live, home residents generally value having an eco-friendly home. One study found seven in 10 American households claim their home is eco-friendly. However, 77 of those same homeowners claim that they would like to have an even “greener” lifestyle. In addition to its various environmental benefits, an eco-friendly home can also benefit both homebuyers and homeowners.

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Caution Where Needed

Appraisal Buzz

Toward the beginning of the Covid-19 pandemic, I heard a lot of people who said something like, “Dustin, I think that there’s going to be a lot more flexibility because … Read More. The post Caution Where Needed appeared first on Appraisal Buzz.

Appraisal 195
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FREE Webinar: The Appraisal Foundation 2022 Q2 Update

McKissock

On Wednesday, May 25, 2022, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “The Appraisal Foundation 2022 Q2 Update.” Participate in this Q&A session with Lisa Desmarais, Vice President, Appraisal Issues with The Appraisal Foundation (TAF). Hear about proposed changes to USPAP as well as an update on current AQB and ASB activities.

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Lawsuits Over Floorplans May Become Reality if Ruling Stands

Appraisal Buzz

The National Association of Realtors (NAR), among a group of 18 companies and organizations, is leading the charge against a recent court ruling that allows lawsuits to be brought against homeowners that use their own floor plan during the course of selling their house. According to a statement released by the NAR, the Court’s ruling … The post Lawsuits Over Floorplans May Become Reality if Ruling Stands appeared first on DSNews.

Realtors 150
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Is Austin Multifamily for Sale Worth Investing in 2022?

Mashvisor

If you’re looking for Austin multifamily for sale, then you’ll want to know how the market is performing for that type of property. Table of Contents What are multifamily properties?

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How the Cloud is Giving Lenders Greater Control

Appraisal Buzz

Increasingly, mortgage lenders are making the cloud a priority in their strategic technology investments and gaining operational efficiencies through new cloud-based technology from large companies like Amazon (AWS), Google (Google Cloud Platform), and Microsoft (Azure). Google Cloud has even gone so far as to release a dedicated service for the mortgage industry, dubbed Lending DocAI.

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The Beginner Investor’s Guide to Short Term Commercial Rentals

Mashvisor

Like residential homes, short term commercial rentals are an investment that provides you with a stable year-to-year income from real estate. Table of Contents What Are Short Term Commercial Rentals?

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Fannie Mae Downgrades Economic Growth, Housing Market Predictions for 2023

Appraisal Buzz

Expectations of aggressive monetary policy tightening through 2023 by the Federal Reserve are likely to further soften economic output already being weighed down by decades-high inflation and the ongoing effects stemming from the Russian invasion of Ukraine, according to the April 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.

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Aileen Buckley Named Lamacchia Realty Employee of the Month – March 2022

Lamacchia Realty

Behind the incredible REALTORS® of Lamacchia Realty is a team of over 75 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views its staff members in the highest regard, fostering the values of the full service, value-based brokerage prides itself on.

Realty 69
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Eric Skates, Shalanda Dixon Join Equity Prime Mortgage in Top Positions

Appraisal Buzz

Equity Prime Mortgage (EPM) has hired Eric Skates as chief people officer and Shalanda Dixon as chief of staff. “If there are any two people that would lead our organization to get one percent better every day, it would be Eric Skates and Shalanda Dixon,” says Eddy Perez, CMB, EPM’s CEO and president. “They have both made a huge impact on the culture of EPM and their expertise has been instrumental in advancing the.

Mortgage 150
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A transparent, inclusive approach

Mortgagebroker News

The Collective Mortgage Group's co-founder, Christine Buemann, explains how the brokerage keeps the avenues of conversation open with its brokers, while sharing the perks of the business

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Greater Atlanta Housing Report 1st Qtr 2022

Hank Miller Team

Early 2022 is in the rear view and we can now look back at the Greater Atlanta housing report for the first qtr of 2022. Best not to stare too long into the data, not many folks like what they see. Sure, sellers continue to hold the aces.until it's time to become a buyer. Sure, inventory has to increase as it can't get any tighter.yet it did. Sure, at least rates are great.oh wait.

Sellers 52
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A Complete Beginner’s Guide to Cash Flow Formula

Mashvisor

Contrary to what many business owners and investors assume, the cash flow formula is quite straightforward and not that complicated.

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Changing Their Family’s Fate by Building a 600+ Unit Portfolio (At Age 20!)

BiggerPockets

There are those who accept their circumstances and then there are those like today’s guests —the Donis Brothers (Jeffrey, Kenneth, and Kerwin). These three brothers have created immense success for themselves […].

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Slowdown in annual pace of housing starts revealed

Mortgagebroker News

Canada Mortgage and Housing Corporation said the trend in housing starts posted a decline in March

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The fight to standardize educational training for LOs

Housing Wire

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. But the educational foundation and understanding of mortgage products, rules and regulations can differ dramatically between depository LOs and their nonbank counterparts.

Training 384
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You already have a fully-functioning CRM in your hand – and it’s free

Mortgagebroker News

Who wants to have to log into their mortgage origination software just to access information?

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Today's Hottest Colors and the Old Standbys

Eppraisal

Believe it or not, the colors on the interiors and exteriors of homes can affect home values. Each year there are new colors that are on trend. There are others that never go out of style such as white, black, and some shades of beiges and grays. Coordinating color palettes is also a plus when thinking about what colors to paint the exterior and interior of your home.

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Majority of Canadians feel the pinch of BoC hikes

Mortgagebroker News

Expert states Canadians have grown financially complacent amid COVID subsidy programs

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Housing completions held hostage by rising mortgage rates

Housing Wire

On Tuesday, the U.S. Census Bureau released their report for March, showing a solid number of housing permits and starts — but these were boosted by multifamily construction. In addition, this data lags behind the current reality of a housing market dealing with much higher mortgage rates. The previous month’s data were revised higher; on the surface, this is a favorable report with 1.873 million housing permits and 1.793 million housing starts.

Mortgage 432
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Federal plan to boost housing supply – questions remain

Mortgagebroker News

Canada's finance minister described lack of supply as the "central challenge" for the country's housing market

Finance 57
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Fannie Mae executes fourth CIRT deal of 2022

Housing Wire

Fannie Mae has wrapped up its fourth Credit Insurance Risk Transfer (CIRT) deal of the year, transferring nearly $845 million in mortgage credit risk to a group of private insurers and reinsurers. The transaction, CIRT 2022-4, involved a pool of 76,600 single-family mortgage loans with an outstanding principal balance of $23.1 billion. Fannie Mae will retain risk for the first 45 basis points of any loss on the $23.1 billion loan pool.

Insurance 384
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Blind bidding: To ban or not to ban?

Mortgagebroker News

The prevailing industry view opposes the Liberal Party's proposal

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