Housing Wire
JUNE 30, 2021
The Broadmoor Hotel in Colorado Springs, Colorado. Brokerage executives are elated to see each other in person again. So long as it’s temporary. “It’s a tremendous opportunity to reconnect with everyone,” said Susan Yannaccone , chief executive of Realogy’s franchise network since last November. “The intangible connection you can make with people face-to-face or over a cup of coffee.
Sacramento Appraisal Blog
JUNE 30, 2021
I’ve got a few things on my mind today. Some light stuff and some deep stuff. Let’s talk about lumber, food in listings, that leaning building in San Francisco, bias in valuations, and a slowing vibe in the housing market. Skim topics or digest slowly. 5 THINGS ON MY MIND 1) Lumber is lower (sort […].
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Housing Wire
JUNE 30, 2021
The Consumer Financial Protection Bureau (CFPB) is tightening the screws on mortgage servicers and originators that violate consumer protection laws. The watchdog agency found that lenders engaged in deceptive business practices, including violations of the Truth in Lending Act and the Equal Credit Opportunity Act, and provided inaccurate data on mortgage loans.
Appraisal Buzz
JUNE 30, 2021
SWBC Mortgage Corp. has completed a territorial expansion that added 10 newly licensed branches, including new locations in the Pacific Northwest and Pennsylvania. The company’s new branch locations include Coeur d’Alene, Idaho; Albany, Bend/Sunriver, Pendleton and Redmond in Oregon; Clarks Summit (Scranton region) in Pennsylvania; Charleston, S.C.; Chesapeake (Virginia Beach region) and Richmond in Virginia; and Walla Walla, Wash. “SWBC Mortgage professionals live and lend in the sa
Housing Wire
JUNE 30, 2021
Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. The strong increase in home sales and transactions in May —following a dip in April — was a surprise, per Lawrence Yun, National Association of Realtors chief economist, who attributed the home sales increase to mortgage rates remaining below 3%, as well as an uptick, nationally, in listings. “Buyer
Appraisal Buzz
JUNE 30, 2021
CoreLogic has inked a definitive merger agreement to acquire all outstanding shares of ClosingCorp, a company that provides intelligence and digital solutions that streamline the quoting and ordering of settlement services needed to originate and service mortgages. “ClosingCorp’s unique solutions, coupled with the property-level digital content and platforms of CoreLogic ,enable us to continue our rapid growth and accelerate the introduction of new high-demand products,” says Bob Jennings, Closi
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
JUNE 30, 2021
In today’s Buzzcast, we dive into expanding your appraisal firm with trainees and how beneficial diversifying your practice is. Today we have Matt Simmons of Maxwell, Hendry & Simmons, with Joan Trice, Founder of Allterra Group, LLC. We’ll be getting the inside scoop while Joan and Matt discuss his upcoming Business-Building Workshop being held at Valuation Expo – Powering Up – Taking it to the Next Level !
Housing Wire
JUNE 30, 2021
The ideal real estate agent-lender relationship is symbiotic: the agent earns trust with their borrowers by connecting them with a great lending resource, while the lender receives a steady stream of business from the agent. Simple, right? Unfortunately, this dynamic degrades all too often. Common reasons for a souring relationship include unreliability, lack of communication, failure to set realistic expectations and poor handling of issues during the lending process.
Appraisal Buzz
JUNE 30, 2021
The Federal Housing Finance Agency (FHFA) has made changes to loan modification terms for COVID-19-impacted borrowers with mortgages backed by Fannie Mae or Freddie Mac needing payment reduction for successful home retention. The updated terms are specifically for borrowers with permanent COVID-19 hardships and respond to the unprecedented nature of the pandemic. ?
Housing Wire
JUNE 30, 2021
HW Community, Today we are thrilled to announce that HW Media has acquired Reverse Mortgage Daily (RMD) – the reverse mortgage industry’s premier independent source for news, commentary and analysis. Since RMD was founded by Aging Media Network President John Yedinak in 2007, the publication has focused on being an industry-led news source, offering a down-to-earth, personal and independent perspective on reverse mortgages.
Appraisal Buzz
JUNE 30, 2021
As record breaking heatwaves and drought conditions hit the nation, a new study finds that The Beehive State’s most populous cities overlap with at-risk areas, making it a prime target for fire damage. The post Nearly 40% of Utah Homes at Risk of Wildfire appeared first on DSNews. The post Nearly 40% of Utah Homes at Risk of Wildfire appeared first on Appraisal Buzz.
Housing Wire
JUNE 30, 2021
Nearly two out of every five homes in Utah face high fire risk — that’s more than 400,000 properties, the highest share of any state in the Western U.S., according to a new study. A new report from Redfin found that 39.4% of homes in Utah are classified as “high risk” for catching fire — higher, even, than other high-risk areas Redfin studies in Arizona, California, Colorado, Idaho, Nevada, Oregon and Washington.
Appraisal Buzz
JUNE 30, 2021
Even with evidence of greater income than the general population, a “surprisingly low” percentage of the AAPI community own houses, researchers say. The post Homeownership Within the Asian American, Pacific Islander Population appeared first on theMReport.com. The post Homeownership Within the Asian American, Pacific Islander Population appeared first on Appraisal Buzz.
Housing Wire
JUNE 30, 2021
In today’s hot housing market where homes are selling quickly, brokers are busier than ever. As purchase transactions move back to the forefront of lending, the broker channel will only continue to grow and gain momentum. Caliber Home Loans, Inc., a home loan company, offers resources to help support a broker’s business for continued success. “‘High tech – High touch’ is our mantra as we develop industry-leading tools and resources with a never-ending commitment to the relationships with our bro
Appraisal Buzz
JUNE 30, 2021
Bidding wars and record high price tags did not slow pending home sales over the past month, as record-low mortgage rates are still luring buyers into the market. The post Obstacles Not Deterring Homebuyers appeared first on theMReport.com. The post Obstacles Not Deterring Homebuyers appeared first on Appraisal Buzz.
Housing Wire
JUNE 30, 2021
PCV Murcor is one of the nation’s leading valuation management companies. The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Even amid the current appraisal shortage and challenges within the housing industry, PCV Murcor helps move the appraisal process forward by creating a service-first culture while also mitigating risk and compliance exposure.
Appraisal Buzz
JUNE 30, 2021
A new survey has found that while supply remains an issue, the housing market is attracting buyers due to mortgage rates which continue in the 3% range. The post Pending Home Sales Rise 8% in May appeared first on DSNews. The post Pending Home Sales Rise 8% in May appeared first on Appraisal Buzz.
Housing Wire
JUNE 30, 2021
California-based mortgage lender New American Funding is increasing its national footprint to include the Northeast, Southeast, Midwest, Southwest, and Mid-Atlantic. Sam Ellsworth will lead the expansion as director of national retail sales. Along with planting locations in key cities across the country, Ellsworth said the expansion effort includes strengthening high-level company leadership, which will enable the company to focus on increasing its foothold in “emerging markets.” The
Appraisal Buzz
JUNE 30, 2021
Mortgage applications fell sharply last week, affecting both refinance and purchase components of the Mortgage Banker Association’s (MBA’s) Market Composite Index. The index, a measure of mortgage loan application volume, was down 6.9 percent on a seasonally adjusted basis during the week ended June 25, and was 7 percent lower before adjustment, bringing it to the lowest level in almost a year and a half.
Housing Wire
JUNE 30, 2021
Data analytics giant CoreLogic announced on Wednesday the acquisition of closing cost data and tech provider ClosingCorp. According to the merger agreement, CoreLogic will acquire all outstanding shares of ClosingCorp and expects to complete the deal in the third quarter of 2021. Further details of the acquisition were not disclosed. “Pairing our fees and order management platform with the greater resources that CoreLogic brings will create significant benefits for our customers in terms o
Appraisal Buzz
JUNE 30, 2021
Both purchase apps and refinances showed declines this week, as first-time homebuyers are being “squeezed” out of the market due as a result of short supply and high prices. The post Mortgage App Volume Takes a Dive appeared first on theMReport.com. The post Mortgage App Volume Takes a Dive appeared first on Appraisal Buzz.
Housing Wire
JUNE 30, 2021
From maintaining customer relationships to preparing documents, brokers do it all. And due to today’s booming housing market, they’re having to do even more. To maintain their portfolios while also providing excellent service, brokers need a partner who can make things easier for them. CF Wholesale provides brokers with the resources and technology to drive their business and serve their clients.
Appraisal Buzz
JUNE 30, 2021
The Court denies a request to invalidate the CDC’s eviction moratorium, and GSEs issue loan modifications to ease borrowers’ pandemic-related financial stress. The post Supreme Court, FHFA Back Tenant and Homeowner Protections appeared first on DSNews. The post Supreme Court, FHFA Back Tenant and Homeowner Protections appeared first on Appraisal Buzz.
Housing Wire
JUNE 30, 2021
In today’s booming housing market, mortgage brokers want to be able to close loans faster and more efficiently. To do that, they need to partner with experienced Account Executives and an operations team that are equipped to handle high volumes. Sierra Pacific Wholesale understands what it takes for brokers to win – and that’s working with the right partner.
Appraisal Buzz
JUNE 30, 2021
Cade Holleman, Marketing Strategist for Padgett Law Group, was recognized by the Council for Inclusion in Financial Services with the Catalyst Award. The post Padgett Law Group Leader Recognized by Council for Inclusion appeared first on DSNews. The post Padgett Law Group Leader Recognized by Council for Inclusion appeared first on Appraisal Buzz.
Housing Wire
JUNE 30, 2021
The wholesale channel will continue to grow as more retail originators and borrowers learn the benefits of working with a mortgage broker. United Wholesale Mortgage (UWM) is solely focused on growing the wholesale channel and helping independent brokers thrive. “At UWM we focus on our client service, operational efficiency and speed to close loans. With this unwavering focus, we help brokers close loans fast, get referrals and grow their business,” Chief Operating Officer Melinda Wilner said.
Appraisal Buzz
JUNE 30, 2021
The company says it will focus on assets in the Southeast, Sunbelt, Central and Midwest states, including Atlanta, Charlotte, Phoenix, Denver, Nashville, Jacksonville, and Tampa, to name a few. The post SVN | SFR Capital Management Announces Build-For-Rent Investment Firm appeared first on DSNews. The post SVN | SFR Capital Management Announces Build-For-Rent Investment Firm appeared first on Appraisal Buzz.
Housing Wire
JUNE 30, 2021
For a long time, conventional refinances were the norm in product offerings. Now, the focus is on the hot purchase market, and brokers are looking for solutions outside the conventional conforming product box to assist their client base. That’s where Finance of America Mortgage (FAM) TPO’s Two-X Flex suite of proprietary jumbo and non-QM products comes into the picture.
George Dell
JUNE 30, 2021
Data science is new ways of thinking, new tools, computation, and visualization. For valuation, it is simply optimizing the best of appraiser judgment and computer power. Traditional appraisal theory is good. It is a subset of economic theory. What is different is the available data and algorithms to select and predict from that data. Also […].
Housing Wire
JUNE 30, 2021
Mortgage brokers don’t just prepare documents, they manage customer relationships and work with all parties to ensure an easy real estate transaction process. Due to the current market, brokers are having to do even more to ensure their clients are receiving excellent service. To maintain their portfolios, brokers are turning to wholesale lenders who can provide the technology and resources needed to help service their clients.
Eyes on Housing
JUNE 30, 2021
Previous posts reported on home buyer preferences for kitchen and bath features, from NAHB’s recent study What Home Buyers Really Want, 2021 Edition. The same study also asked the panel of 3,247 recent and prospective home buyers to rate a dozen different window types and materials on the following four tier scale: The general window characteristic that home buyers value more.
Housing Wire
JUNE 30, 2021
Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes. The right mortgage services provider is essential to helping wholesale lenders and their brokers thrive in this constantly evolving market.
Appraisal Buzz
JUNE 30, 2021
The expansion effort includes strengthening high-level leadership in the target markets, the company reports, which will enable it to “focus on increasing its foothold in these emerging markets.” The post New American Funding Announces Expansion appeared first on theMReport.com. The post New American Funding Announces Expansion appeared first on Appraisal Buzz.
Housing Wire
JUNE 30, 2021
During this period of significant opportunity for purchase transactions and refinances, brokers and wholesale correspondents (non-delegated) need to align to wholesale lenders that provide deep industry expertise, comprehensive products and efficient operational support to support their clients’ strategies. The Freedom Mortgage Wholesale Division offers their clients the industry’s most experienced sales and operational teams to support a full spectrum of products from conventional to government
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