Housing Wire

DECEMBER 16, 2021

The Federal Housing Finance Agency (FHFA) on Thursday issued a proposed rule that would require Fannie Mae and Freddie Mac to develop, maintain, and submit annual capital plans to the regulator. “The proposed rule will help ensure that the Enterprises have robust systems and processes in place to monitor and maintain proper levels of capital, ” said Acting Director Sandra Thompson, who was nominated to be the permanent agency director on Wednesday.

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Business Investors Finance Development 545

Appraisal Buzz

DECEMBER 16, 2021

BLOG VIEW: When lenders go to market in search of new technologies, they take with them a laundry list of requirements that includes functionality, integrations and other capabilities. They’re looking for tools that check all the boxes, including the box labeled “innovative.”. Innovation is such an overused term in business that its definition has become somewhat fuzzy.

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Housing Wire

DECEMBER 16, 2021

The average 30-year-fixed rate mortgage increased to 3.12% during the week ending Dec. 16, up from 3.10% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.67%. The 15-year-fixed-rate mortgage averaged 2.34% last week, declining from 2.38% the week prior. A year ago, at this time, it averaged 2.21%.

Mortgage 508

Mortgage Lending Technology Development 508

Appraisal Buzz

DECEMBER 16, 2021

Housing starts may be on the rise, but supply bottlenecks and labor scarcity are impacting the pace of home builders. The post Home Construction Stunted by Supply Chain Issues appeared first on DSNews. The post Home Construction Stunted by Supply Chain Issues appeared first on Appraisal Buzz.

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Housing Wire

DECEMBER 16, 2021

The last two years have been a wild ride. We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. Let’s not forget the substantial fiscal and monetary policy that provided extraordinary levels of support for households, businesses, and markets here and abroad.

Marketing 458

Marketing Mortgage Supply Chain Inventory 458

Appraisal Buzz

DECEMBER 16, 2021

New construction activity rolled onward in November, as a rise in homebuilder sentiment looks to even the supply to demand imbalance in 2022. The post Housing Starts Up in November appeared first on theMReport.com. The post Housing Starts Up in November appeared first on Appraisal Buzz.

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Construction Appraisal 195

Appraisal Buzz

DECEMBER 16, 2021

Populous cities Spartanburg, Huntsville, and Tuscon among those expected to experience stronger price appreciation in 2022. Click through for other takeaways from a recent industry Forecast Summit. The post Housing Experts Weigh in on What to Expect in ’22 appeared first on theMReport.com. The post Housing Experts Weigh in on What to Expect in ’22 appeared first on Appraisal Buzz.

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Housing Wire

DECEMBER 16, 2021

The process of vetting loan pools assembled for private-label securitization deals is, to a degree, like sausage-making. Few take the time to understand the process, but everyone eating the sausage wants to trust that the ingredients won’t cause them heartburn. A recent report by the Kroll Bond Rating Agency , however, raises a yellow flag about current loan-review practices in the private-label market that requires examination of the sausage-making.

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Investors Mortgage Marketing Investing 397

Appraisal Buzz

DECEMBER 16, 2021

The real estate investor and consulting guru will expand Deephaven’s broker network as demand for its Non-Agency/Non-QM products increases. The post Sales Expert Appointed SVP, National Head of Home Sales appeared first on theMReport.com. The post Sales Expert Appointed SVP, National Head of Home Sales appeared first on Appraisal Buzz.

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Housing Wire

DECEMBER 16, 2021

The FHFA recently announced that desktop appraisals will become permanent. This change will give lenders a wider variety of appraisal options for each loan type, leading to greater agility and flexibility while they balance cost, turn time and the quality of loans. The other benefit of permanent desktop appraisals will be standard forms and a standard data set for desktop appraisals, as opposed to the variety of proprietary forms that are in use today.

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Appraisal Appraisal Process Valuation Technology 384

Appraisal Buzz

DECEMBER 16, 2021

The Mortgage Bankers Association ’s (MBA) Builder Application Survey (BAS) data for November 2021 shows mortgage applications for new home purchases decreased 2.2% compared from a year ago. Compared to October 2021, applications decreased by 3%. This change does not include any adjustment for typical seasonal patterns. “Applications to purchase new homes in November slightly declined on a monthly and annual basis,” mentions Joel Kan, MBA’s associate vice president of economic a

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Mortgage Appraisal 195

Housing Wire

DECEMBER 16, 2021

In 2012, Dmitry Godin was seemingly on top of the world. Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 billion in originations, cementing its place as the 15th-largest originator in the country. By July 2013, things were going so well that Godin and his wife purchased a lakefront mansion in Winnetka, Illinois, for nearly $13 million , a record for the posh Chicago suburb.

Mortgage 370

Mortgage Loan Officers Retail Training 370

Appraisal Buzz

DECEMBER 16, 2021

Flipping houses are all the rage as the real estate market remains at near record levels going into 2022. According to a new report from ATTOM, 94,766 homes were flipped in the third quarter representing 5.7% of all transactions—to put that another way, 1 in 18 houses that were sold in the third quarter were flipped. The number of homes flipped … The post The Average Flip Takes 147 days From Purchase to Sale appeared first on DSNews.

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Real Estate Appraisal Marketing 150

Eyes on Housing

DECEMBER 16, 2021

In the third quarter of 2021 apartments and other multifamily residential construction showed a continuation of the suburban shift that was characteristic of prior quarters, per the most recent data from NAHB’s Home Building Geography Index. For the current period, market share declined in high-density markets, namely large metro core and suburban counties.

Construction 156

Construction Supply Chain Marketing 156

Appraisal Buzz

DECEMBER 16, 2021

Profit margins declined in the third quarter of 2021 as prices on flipped homes continued to rise more slowly than they did when investors originally bought their properties. The post From Purchase to Sale: The Timeline for an Average Flip appeared first on DSNews. The post From Purchase to Sale: The Timeline for an Average Flip appeared first on Appraisal Buzz.

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Investors Appraisal 150

GoForrmz

DECEMBER 16, 2021

Prioritize job site safety by digitally transforming your operations with digital forms Whether your operation is a large-scale general contractor or a specialized subcontractor, job site safety is imperative for all entities. Especially with paper forms, safety and compliance can feel overwhelming – requiring manual data collection and entry. Not only does paper forms waste time and budget, but it also creates additional tedious tasks such as hand-delivery of critical documents, rekeying inform

Construction 78

Construction Inspection Business 78

Appraisal Buzz

DECEMBER 16, 2021

Federal Reserve Board Chair Jerome Powell has reinforced the Fed’s intent to accelerate its tapering actions, resulting in an upward climb in mortgage rates. The post Fed Announcement Forces Slight Uptick in Mortgage Rates appeared first on theMReport.com. The post Fed Announcement Forces Slight Uptick in Mortgage Rates appeared first on Appraisal Buzz.

Mortgage 150

Mortgage Appraisal 150

BiggerPockets

DECEMBER 16, 2021

On November 15, the Federal Reserve announced that they could raise interest rates as many as three times in 2022, signaling a dramatic shift in policy. This is big news because at the start of the COVID-19 pandemic the Fed made two big moves to stimulate the economy. It lowered interest rates to near–zero and began a program of asset purchases—both of which worked as intended.

Housing Market 80

Housing Market Marketing Real Estate Investors 80

Appraisal Buzz

DECEMBER 16, 2021

Planet Home Lending, LLC has arrived in Rockford, Illinois, with a new team run by Branch Manager Bruce Biggers. Joining him are Sales Manager Dennis Garcell, along with Mortgage Loan Originators Dave Zegunis, Marcia Patton, Nick Goza, John Hastings, Brian Pettry, Nick Goza, Jr., Loan Officer Assistant Melanie Gallatin and Processor Julie Daubert. “Planet Home Lending is a … The post Planet Home Lending Opens in Rockford appeared first on DSNews.

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Lending Loan Officers Appraisal Mortgage 195

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. Mortgage rates dropped down to record lows that carried through much of 2021. In addition, home values and sales skyrocketed. So, it’s no wonder that a year like that left experts and new buyers guessing.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

Appraisal Buzz

DECEMBER 16, 2021

Housing experts predict two quarter-point interest rate hikes by the Fed in 2022 as housing prices and inflation rates are expected to climb. The post 2022 Housing Market Forecast: Where Are the ‘Hidden Gems’? appeared first on DSNews. The post 2022 Housing Market Forecast: Where Are the ‘Hidden Gems’? appeared first on Appraisal Buzz.

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Housing Market Marketing Appraisal 195

Mashvisor

DECEMBER 16, 2021

Andrew Carnegie was a Scottish-American industrialist and philanthropist and is well known for saying that 90% of millionaires made their fortunes by investing in real estate.

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Real Estate Investors Investing 67

Kairos Appraisal Services

DECEMBER 16, 2021

There’s no doubt that 2021 was a hot real estate market, but there was another hot market this year, and that was the renovation market. Because of a lack of inventory, many homeowners opted to stay put in their homes and create their dream home in their current home. This is a trend we will… The post Highest ROI: Top Home Renovations appeared first on Kairos.

Renovations 52

Renovations Inventory Real Estate Marketing 52

BiggerPockets

DECEMBER 16, 2021

A common debate in real estate is cash flow vs. appreciation. While some investors rely on their rental property income to reach FI, others argue that appreciation will provide them […].

Finance 61

Finance Real Estate Investors 61

Quicken Loans

DECEMBER 16, 2021

The Federal Open Market Committee (FOMC) of the Federal Reserve concluded its final policy meeting of 2021 yesterday. The Committee had several interesting things to say, but perhaps the most important thing to start with is its assessment of the future. Once a quarter, the FOMC projects where it thinks various economic indicators and interest rates will be in the course of the near term and the next few years.

Mortgage 52

Mortgage Development Marketing Business 52

BiggerPockets

DECEMBER 16, 2021

There are plenty of myths surrounding how inflation will affect real estate, and if you aren’t careful about what inflation-related real estate opinions you buy into, the wrong opinions could drive how you choose to invest.

Real Estate 60

Real Estate Investors Investing Business 60

Mortgagebroker News

DECEMBER 16, 2021

The region's annual home sales total is expected to reach a near-all-time record

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Listing Spark

DECEMBER 16, 2021

There are a variety of articles that discuss improvements to make to a home prior to selling. However, not many people talk about what not fix when selling a house. Whenever you are prepping your home to go on the market, the key is to treat it like an investment. Don’t throw away good money fixing things that won’t add value or help the home sell faster.

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Buyers Investing Sellers Construction 36

Clear Capital

DECEMBER 16, 2021

Video source: HousingWire. ClearCollateral ® Review is a review system that automates collateral underwriting in compliance with internal credit policies and GSE guidelines. Watch this demo from HousingWire Mortgage Tech Demo Day to see how the system centralizes all analytical tools and data required to review an appraisal, and leverages machine learning to eliminate manual tasks — improving review quality and reducing the review effort by 50%.

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Tools Appraisal Mortgage Modernization 36

Eppraisal

DECEMBER 16, 2021

Building a new construction home is exciting. The feeling of having everything new in a house is like no other. As a homeowner of a brand-new home, you shouldn't have to worry much about systems and mechanicals breaking or needing repairs within the first few years. You should be able to feel confident that your new home will retain its home value because everything is new.

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Construction Home Value 36

Mashvisor

DECEMBER 16, 2021

If you’re thinking about becoming a real estate investor, there are many different types of housing, including detached condominiums.

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Investors Real Estate Investing 36

Housing Wire

DECEMBER 16, 2021

Today, the U.S. Census Bureau reported that housing starts came in as a beat at 1,679,000 for November. The more critical number of housing permits came in 1,712,000, a solid uptick from last month, and we saw slightly positive revisions to previous numbers. Housing starts data has been choppy lately, as we are all aware of the delays in building homes in America.

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Training Construction Investing Mortgage 517

Mashvisor

DECEMBER 16, 2021

With the launch of short-term rental platforms such as Airbnb, the entire concept of property investments has been redefined.

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Investing Investors Real Estate 36

Housing Wire

DECEMBER 16, 2021

The HousingWire award spotlight series highlights the companies that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Tech100 award are now open through Friday, December 17, 2021. Click here to submit your company. With all signs pointing to a continued hot streak in 2022 , lenders will be turning to technology solutions to help process and close loans quickly and efficiently in an ultra-competitive market. “ The last two years brought together an incr

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Technology Mortgage Tools Housing Market 410