Housing Wire

SEPTEMBER 29, 2021

Today’s pending home sales came in at a big beat of estimates, running at 8.1% for this report. More importantly, this data line looks just right. One of my main goals for sharing housing sales data in 2021 is to give people a sales trend range to work off this year to know if home sales are doing well. Last year we had an abnormal burst of housing demand that was just make-up demand from the COVID-19 pause in the second half of 2020.

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Development Housing Market Real Estate Marketing 527

Sacramento Appraisal Blog

SEPTEMBER 29, 2021

Goodbye single family zoning. If you didn’t know, two weeks ago SB9 was signed into law in California, which now allows property owners to build a duplex on any residential lot or subdivide to build up to four units. This is massive news, so let’s talk about it. I’d love to hear your take in […].

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Law Appraisal Marketing 466

Housing Wire

SEPTEMBER 29, 2021

LoanDepot CEO Anthony Hsieh. After an origination team departed loanDepot in April of this year, loanDepot slammed the seven ex-employees and their new employer, CrossCountry Mortgage , with a lawsuit alleging they “hatched and implemented a scheme to loot loanDepot’s business.”. The Orange County, California-based retail lender , led by CEO Anthony Hsieh, in a lawsuit filed in San Diego Superior Court in June, alleged that the seven employees — the Meredith-Rogers team¸— stole client lists and

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Appraisal Buzz

SEPTEMBER 29, 2021

In today’s Buzzcast, we dive into what U.S. and Germany appraisers can learn from each other. Today we have Reiner Lux, General Manager of HypZert GmbH and Mattias Fischer, Manager of Valuation for VDP, with Joan Trice, Founder of Allterra Group, LLC. We’ll be getting the inside scoop while they all discuss the similarities between us and Germany.

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Housing Wire

SEPTEMBER 29, 2021

Pending home sales rose in August, following two consecutive months of decline, according to the National Association of Realtor’s pending home sales index report released on Wednesday. And homebuyers with flexibility are keen on more moderately priced regions within the Midwest and South, the report found. Homebuyer contract signings in the U.S. rose 8% month-over-month from July to August, though the figure was still 8.3% lower than the same time last year.

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Contracts Inventory Housing Market Marketing 416

Appraisal Buzz

SEPTEMBER 29, 2021

The average FICO score for all closed loans was 740 in July – down from 743 the month prior and down from 750 a year ago, according to ICE Mortgage Technologies’ Origination Insight Report. That’s the lowest average FICO score in more than 16 months and an indication of loosening credit, which tightened significantly at the start of the pandemic.

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Appraisal Buzz

SEPTEMBER 29, 2021

Pending home sales rebounded in August after falling in both June and July. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), based on contracts signed for the purchase of existing homes, rose 8.1 percent from the July level. This put the PHSI at 119.5, still down 8.3 percent from its 130.3 reading in August 2020.

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Housing Wire

SEPTEMBER 29, 2021

Agnes Standowicz, vice president, underwriting leader at United Wholesale Mortgage. This year’s list of HousingWire Insiders radiate influence well beyond the walls of their individual companies, providing the infrastructure that upholds the whole industry. HousingWire decided to dive deeper into a few of our award winners to get a peek behind the curtain on what defines an Insider , with this Q&A featuring Agnes Standowicz , vice president, underwriting leader at United Wholesale Mortgage.

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Appraisal Buzz

SEPTEMBER 29, 2021

Demand is expected to remain above pre-pandemic levels for the foreseeable future as remote work becomes a new way of life. . The post Demand for Second Homes Fell 19% YoY in August appeared first on DSNews. The post Demand for Second Homes Fell 19% YoY in August appeared first on Appraisal Buzz.

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Appraisal 195

Housing Wire

SEPTEMBER 29, 2021

Mortgage companies must focus on bolstering cybersecurity infrastructure, and should report any and all incursions from bad actors who seek access to sensitive information or who plan to encrypt systems to hold for ransom. This was a core part of the thesis presented by Selim Aissi , cybersecurity expert and former CISO of ICE Mortgage Technologies (formerly Ellie Mae ) during a keynote session at HW Annual in Frisco, Texas this week.

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Appraisal Buzz

SEPTEMBER 29, 2021

Demand for vacation homes swelled during the coronavirus pandemic—surging as much as 172% in April—as many sought escape from cramped city life amid lockdown restrictions. The post Remote Work Drives Demand for Vacation Homes appeared first on theMReport.com. The post Remote Work Drives Demand for Vacation Homes appeared first on Appraisal Buzz.

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Appraisal 195

Housing Wire

SEPTEMBER 29, 2021

With the purchase market becoming a primary emphasis for lenders in 2021, HousingWire sat down with CreditXpert VP of Marketing Mike Darne to talk about credit trends in a purchase market and how that impact lenders’ pipelines. HousingWire: We know that credit is one of the top reasons mortgage applicants fall out, to what extent does this impact a lender’s pipeline?

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Appraisal Buzz

SEPTEMBER 29, 2021

It is no secret that when a drought arrives, the threat of wildfires is sure to follow. This year, these wide-ranging severe drought conditions are occurring primarily in the plains states and most of the western portion of the country this year and is on track to follow previous record-setting years. According to the National Interagency Fire Center, 46,091 wildfires … The post Wildfire Report Finds Idaho, Wyoming at Disproportionate Economic Risk for Wildfire appeared first on DSNews.

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Appraisal 195

Housing Wire

SEPTEMBER 29, 2021

When Brad Lawson and Fernando Escaffi founded Charlotte-based PrimeLine Capital in January 2019, they wanted their operation to be all about having fun. Their leadership style is based on treating broker team members like family and ensuring that everyone can have fun and bring their full selves into the office. This philosophy, not being driven by numbers and money but more about personal connections, has led to immense success.

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Mortgage Tools Clients Technology 370

Appraisal Buzz

SEPTEMBER 29, 2021

Mortgage applications decreased 1.1% from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending September 24, 2021. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.1% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 1% compared with the previous week.

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Mortgage Appraisal Marketing 195

Housing Wire

SEPTEMBER 29, 2021

Redwood Trust CEO Christopher Abate. Redwood Trust Inc. recently unveiled a hint of how 21 st century technology is about to transform the opaque process of securitizing residential mortgages in the non-agency space — via the use of blockchain technology. The Mill Valley, California-based real estate investment trust, or REIT, which operates as a specialty finance house that invests in, acquires and securitizes residential loans, earlier this month announced that it was bringing to market a $449

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Technology Investing Design Real Estate 367

Appraisal Buzz

SEPTEMBER 29, 2021

The National Association of Realtors ’ Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, increased 8.1% to 119.5 in August. Year-over-year, signings dipped 8.3%. An index of 100 is equal to the level of contract activity in 2001. “Rising inventory and moderating price conditions are bringing buyers back to the market,” says Lawrence Yun, NAR’s chief economist.

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Contracts Realtors Inventory Buyers 195

Housing Wire

SEPTEMBER 29, 2021

The wrangling in Congress over infrastructure is upon us. The underlying tension continues to be around the fundamental definition of the word. Lawmakers are grappling with whether infrastructure should be considered a more inclusive category of societal needs, or viewed as it has been more commonly portrayed, as roads, bridges, and tunnels. Those who favor the latter bristle when they hear the newly coined term “human infrastructure.

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Training Transportation Construction Renovations 306

Appraisal Buzz

SEPTEMBER 29, 2021

The level of commercial/multifamily mortgage debt outstanding has increased by $60.7 billion (1.5%) in the second quarter of 2021, according to the Mortgage Bankers Association ‘s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report. Total commercial/multifamily debt outstanding rose to $3.98 trillion at the end of the second quarter.

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Mortgage Appraisal 195

George Dell

SEPTEMBER 29, 2021

Many of you ask why we only teach courses using a data science approach to valuation. The answer is quite simple: It’s comprehensive, covering existing aspects of valuation. It sharpens the judgment involved with traditional methods. It increases usefulness, enabling appraisers to provide more than one service. Teaching only data science is also the topic […].

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Valuation Appraisal 195

Appraisal Buzz

SEPTEMBER 29, 2021

As foreclosure moratoria begin to lift, Kerry Medel examines what lies ahead for the property preservation space (Sponsored Content). The post That Little Question of Forbearance Inspections appeared first on DSNews. The post That Little Question of Forbearance Inspections appeared first on Appraisal Buzz.

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Inspection Appraisal 195

Realtor

SEPTEMBER 29, 2021

It's a seller's market, but not everything you hear about buying a home today is true. We asked real estate agents to weigh in on some homebuying myths. The post 6 Things People Say About Buying a Home Today That Actually Aren’t True appeared first on Real Estate News & Insights | realtor.com®.

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Real Estate Agent Real Estate Sellers Agents 212

Appraisal Buzz

SEPTEMBER 29, 2021

Even with tight inventory and sellers netting record profit, a new poll has found that seniors are choosing to stay in their homes, citing sentimental value over monetary worth. The post Most Seniors Are Choosing to Remain in Their Home appeared first on theMReport.com. The post Most Seniors Are Choosing to Remain in Their Home appeared first on Appraisal Buzz.

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Inventory Sellers Appraisal 195

DW Slater Company

SEPTEMBER 29, 2021

Few Signs of Cooling. Fall is always an interesting time here in North Texas. Although we do not experience some of the beautiful fall colors or temperatures as other states, the weather does begin to change, leaves do begin to change their color and fall. There is typically only about 1-2 weeks of pretty fall color so I always try to notice it before a big gust of wind comes through and blows all of the leaves to the ground.

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Real Estate Appraisal Renovations Home Value 157

Appraisal Buzz

SEPTEMBER 29, 2021

Joining EPM as EVP of Leadership and Development, 20-plus year industry veteran will work to enhance the firm’s culture and cultivate leaders. The post Equity Prime Mortgage Adds Julian Sado to Its Executive Team appeared first on theMReport.com. The post Equity Prime Mortgage Adds Julian Sado to Its Executive Team appeared first on Appraisal Buzz.

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Mortgage Development Appraisal 195

GoForrmz

SEPTEMBER 29, 2021

Utilize the Calculation Builder to add instant calculations to your digital budget modification forms Digital forms provide countless benefits for industries of all kinds, including the ability to simplify and streamline your budget modifications through the use of instant calculations and the Calculation Builder. This feature can be accessed within the Template Editor, presenting users with an index of all available functions, fields, and variables.

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Appraisal Buzz

SEPTEMBER 29, 2021

TitleEase , a title and settlement services franchise business, has been launched by The Lincoln Family of Companies. “Title and settlement services companies make up an $11 trillion market that can be a fantastic source of growth for companies that expand into that business,” says Joseph D’Urso, CEO of TitleEase, in a release. “Our experience in the industry has prepared us to guide new franchisees into this business.

Business 150

Business Appraisal Marketing 150

BiggerPockets

SEPTEMBER 29, 2021

Back in 2004, Jude Bernard was sitting at a blackjack table in Vegas. This wasn’t his first game of the day, nor his second, or even his third. Jude had […].

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Real Estate 72

Appraisal Buzz

SEPTEMBER 29, 2021

Buyers may be returning to the market; however, millennials and other first-time buyers continue to grapple with still-record-high prices. The post Home Price Gains Force Increased Affordability Concerns appeared first on DSNews. The post Home Price Gains Force Increased Affordability Concerns appeared first on Appraisal Buzz.

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Buyers Appraisal Marketing 150

McKissock

SEPTEMBER 29, 2021

From mobile apps that can help you rent out your space to finding a new home just by scrolling through your social media feed, technology is quickly changing the way we do real estate. In fact, it’s easier than ever for buyers, sellers, and even real estate agents to speed up the marketing and transaction process with the help of apps and other technology, and there are no signs of slowing down.

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Real Estate Technology Investing Real Estate Agent 52

Appraisal Buzz

SEPTEMBER 29, 2021

After two months of declines, pending home sales found their way onto the path to recovery to end the third quarter of 2021. The post Pending Home Sales Rebound in August appeared first on theMReport.com. The post Pending Home Sales Rebound in August appeared first on Appraisal Buzz.

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Appraisal 195

Mashvisor

SEPTEMBER 29, 2021

As a Philadelphia real estate investor, gaining access to conventional financing options can be a real pain in the neck.

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Investors Finance Real Estate 73

Appraisal Buzz

SEPTEMBER 29, 2021

After recently completing its initial IPO, private mortgage insurance provider names its governing body entrusted with setting corporate management and oversight policies. The post Enact Names Its Board of Directors appeared first on DSNews. The post Enact Names Its Board of Directors appeared first on Appraisal Buzz.

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Mortgagebroker News

SEPTEMBER 29, 2021

The intensified activity was spurred by a recent boost in inventory, BILD says

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Inventory 67