Housing Wire
OCTOBER 25, 2021
The excited and at times nervous first-time homebuyers that James Dunn often represents ask him how that whole process of taking out a mortgage works, and Dunn, a Los Angeles-based real estate agent with eXp , replies with a few trusted names. “There are probably three or four people that I work with,” Dunn said. “Anyone that’s a great communicator will get my attention.”.
Appraisal Buzz
OCTOBER 25, 2021
The national mortgage delinquency rate fell to 3.91% in September, a decrease of 2.25% compared with August and a decrease of 41.3% compared with September 2020, according to Black Knight’s First Look report. September marked the first time that the national delinquency rate fell below 4% in 18 months. What would have been stronger improvement was partially offset by delinquencies rising by 7,800 in FEMA-declared disaster areas in hurricane-impacted Louisiana and by 11,000 in.
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Housing Wire
OCTOBER 25, 2021
New York State is close to approving a controversial bill that expands the requirements of the state community reinvestment act (CRA) to non-depository lenders, following the lead of Massachusetts and Illinois. The CRA rule, enacted in 1977, mandates that banks help meet the credit needs of communities in which they take deposits, specifically in low- and moderate-income neighborhoods.
Appraisal Buzz
OCTOBER 25, 2021
HomeBinder reports that it has added new features and user interface (UI) improvements to its centralized home management platform that keeps homeowners connected with mortgage lenders, home inspectors, insurance providers, home pros, real estate agents, and other authorized professionals. Notably, HomeBinder had introduced a proprietary home valuation tool that aggregates multiple data points — including renovations, appliance upgrades and the completion status of maintenance tasks — to estimat
Housing Wire
OCTOBER 25, 2021
For the fifth consecutive month the number of bidding wars on home sales declined, according to a new report from brokerage Redfin. In September, 58.9% of offers written by Redfin agents ended up in a bidding war, the lowest rate so far in 2021 and nearly on par with the September 2020 bidding war rate of 58.3%. A month prior , 60.8% of offers written by Redfin agents faced competition.
Appraisal Buzz
OCTOBER 25, 2021
The pace of forbearance exits slowed mid-month, but continues to drop weekly as more homeowners reached the end of their 18-month terms and are successfully exiting into deferrals or loan modifications. The post Forbearances Down to Just 2.21% of Overall Volume appeared first on DSNews. The post Forbearances Down to Just 2.21% of Overall Volume appeared first on Appraisal Buzz.
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Appraisal Buzz
OCTOBER 25, 2021
In light of the Champlain Towers South condo collapse in Riverside, Florida, in June 2021, Fannie Mae is taking measures to show the public that condos and co-ops are still viable options for people in the market looking for something convenient and affordable. In response to increased concerns about aging infrastructure, the GSE is taking new measures to address properties with significant deferred maintenance that impacts the safety, soundness, structural integrity or habitability of condos a
Eyes on Housing
OCTOBER 25, 2021
After hitting a low of 10% in the first quarter of 2020, the share of adults planning a home purchase within a year rose for five consecutive quarters, peaking at 17% in the second quarter of 2021. The desire for homeownership cooled off in the third quarter, when the share slid back to 16%. Meanwhile, the share of prospective buyers.
Appraisal Buzz
OCTOBER 25, 2021
As part of a five-year $400 million philanthropic commitment to that includes low-cost loans, equity and grants targeted to nonprofits and organizations in the affordable housing space that work to improve affordability and stability for Black and Latinx households, JPMorgan Chase has announced that $8.6 million of that money will go to six organizations for their role in helping renters and owners … The post JPMorgan Chase Commits $8.4 million of Philanthropic Capital appeared first on th
Eyes on Housing
OCTOBER 25, 2021
Nonfarm payroll employment increased in 33 states and the District of Columbia in September compared to the previous month while 16 states lost jobs. Wisconsin recorded no change. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased at a slower rate by 194,000 in September, following an upwardly revised increase of 366,000 jobs in August.
Appraisal Buzz
OCTOBER 25, 2021
Citing the need to substantially improve the “Duty To Serve” (DTS) proposals set forth by Freddie Mac and Fannie Mae, 20 groups have come together calling on the GSEs to improve their proposals that they say fail to meet the needs of the target demographics. The DTS program requires Fannie Mae and Freddie Mac to facilitate a secondary market for mortgages on housing for very low-, low-, and moderate-income families … The post appeared first on theMReport.com.
GoForrmz
OCTOBER 25, 2021
Digitally transform your daycare daily operations with easy to use digital forms Paper forms are a common burden for any industry, requiring physical record-keeping, costly supplies, and manual processing – and daycare centers are no exception. Many daycare centers are turning to digital solutions to better modernize their operations, expedite onboarding processing, improve professionalism, and much more – resulting in elevated customer satisfaction and time and budget savings.
Appraisal Buzz
OCTOBER 25, 2021
The Mortgage Bankers Association ‘s (MBA) latest Forbearance and Call Volume Survey shows that the total number of loans now in forbearance decreased by 7 basis points from 2.28% of servicers’ portfolio volume in the prior week to 2.21% as of October 17, 2021. According to MBA’s estimate, 1.1 million homeowners are in forbearance plans.
Valuation Review
OCTOBER 25, 2021
Earlier, Valuation Review reported the recent acquisition of CubiCasa, a Finland-based proptech startup, by Clear Capital. We recently sat down with new CubiCasa President Jeff Allen for more in-depth details about the acquisition and how this will accelerate appraisal modernization, among other things. Read on for more insight from Allen.
Appraisal Buzz
OCTOBER 25, 2021
A new analysis from Redfin found that, for the fifth consecutive month, bidding wars declined, despite continued demand fueled by an ongoing shortage of homes for sale. The post Competition for Short Supply of Homes Eases Up appeared first on DSNews. The post Competition for Short Supply of Homes Eases Up appeared first on Appraisal Buzz.
BiggerPockets
OCTOBER 25, 2021
It’s never been a better time to be a short-term rental investor. Short-term rental investing, otherwise known as Airbnb or VRBO hosting, has been one of the hottest strategies for […].
Appraisal Buzz
OCTOBER 25, 2021
A new study found that 59% of home offers faced competition in September, the lowest level in nine months, amid a seasonal housing-market slowdown and an uptick in mortgage rates. The post Bidding Wars Drop to 2021 Low in September appeared first on theMReport.com. The post Bidding Wars Drop to 2021 Low in September appeared first on Appraisal Buzz.
BiggerPockets
OCTOBER 25, 2021
This is an excerpt from Finding & Funding Great Deals by Anson Young. So you’ve created a deal-getting plan and perhaps even come up with a direct mail marketing […].
Appraisal Buzz
OCTOBER 25, 2021
CoreLogic has dug deep into its crypt to unearth the five most haunted cities in the U.S. Discover all the unique property-level insights and innovative features – excluding where the ghosts reside – with connections to everything about a property, community and more with the CoreLogic OneHome service. October brings ghost tours, stories of paranormal activity and haunted houses.
Valuation Review
OCTOBER 25, 2021
The Federal Housing Finance Agency recently published its house price index report for July 2021, showing house prices rose nationwide by 1.4 percent month-over-month and 19.2 percent year-over-year. The previously reported price change for June 2021, 1.6 percent, was revised upward to 1.7 percent.
Appraisal Buzz
OCTOBER 25, 2021
First American Financial Corp. , a global provider of title insurance, settlement services and risk solutions for real estate transactions, has completed its acquisition of ServiceMac LLC. Founded in 2017, ServiceMac is an independent mortgage subservicer for lenders, investors and other mortgage servicers. “We are pleased to welcome ServiceMac to the First American family,” says Dennis J.
Valuation Review
OCTOBER 25, 2021
In a virtual public meeting held September 15, the Appraisal Subcommittee, the independent federal agency providing oversight for the real estate appraiser and appraisal management company (AMC) regulatory system, approved its 2022 budget. This included the approval of $9 million, more than half will be dedicated to grant funding and technical assistance intended to benefit the appraisal industry.
Appraisal Buzz
OCTOBER 25, 2021
New mortgage subservicing business will enhance First American’s ability to provide lenders and servicers with end-to-end mortgage, settlement, post-closing services, products, and solutions. The post First American Completes Acquisition of ServiceMac appeared first on DSNews. The post First American Completes Acquisition of ServiceMac appeared first on Appraisal Buzz.
Valuation Review
OCTOBER 25, 2021
JLL Technologies, a division of JLL, recently announced the hire of Chief Information Security Officer Joe Silva to lead JLL’s information security strategy. Silva will be working closely with global technology teams across the company including JLL, a dedicated commercial real estate technology firm. Read on to learn more.
Appraisal Buzz
OCTOBER 25, 2021
Citing the need to substantially improve the “Duty To Serve” (DTS) proposals set forth by Freddie Mac and Fannie Mae, 20 groups have come together calling on the GSEs to improve their proposals that they say fail to meet the needs of the target demographics. The DTS program requires Fannie Mae and Freddie Mac to facilitate a secondary market for mortgages on housing for very low-, low-, … The post Coalition Opposes Proposed Duty to Serve Proposals appeared first on DSNews.
Valuation Review
OCTOBER 25, 2021
The Fannie Mae Home Purchase Sentiment Index decreased 1.2 points to 74.5 in September, as survey respondents continued to report divergent opinions of homebuying and home-selling conditions. Overall, three of the index’s six components decreased month-over-month. Read on for more from this report.
Appraisal Buzz
OCTOBER 25, 2021
It was weird seeing large crowds where very few were wearing a mask, but after the initial shock, it was so great seeing actual familiar faces together again. The MBA Annual conference held at the San Diego Convention Center required attendees to be vaccinated to attend. It was so amazing to be reunited with in a room with thousands of people. It was great to be getting back to normal and to behaving as the social animals we were designed to be.
Valuation Review
OCTOBER 25, 2021
Cherry Creek Mortgage announced that Phil Tidwell has been promoted to vice president of marketing operations. Tidwell was the company’s marketing operations director.
BiggerPockets
OCTOBER 25, 2021
You wouldn’t know how far Max Maxwell has come at first glance. Looking at his Instagram, you’ll see private planes, a wealth of knowledge on real estate, and seriously shiny […].
Mashvisor
OCTOBER 25, 2021
Before you decide to put your home up for sale, you first need to decide on its selling price. But this step alone could already cause distress among sellers.
Magnusson Group
OCTOBER 25, 2021
Magnusson Match Ups, Episode 1: Maintaining a Healthy Relationship with Personal Property. Overview: Wealth Advisor Matt Mignon of RegentAtlantic & Personal Property Consultant Lynn Magnusson, ASA, AAA, ISA of The Magnusson Group discuss the importance of tangible Personal Property after more than a year of shutdowns and quarantining. Many people are now looking around their homes with renewed interest.
Mashvisor
OCTOBER 25, 2021
You’ve found a great real estate deal in a hot seller’s market. But it turns out there’s a reason the price is so low – it’s a stigmatized property.
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