Housing Wire

OCTOBER 28, 2021

The average 30-year-fixed mortgage rate continues to trend upwards, rising by five basis points to 3.14% for the week ending Oct. 28, according to Freddie Mac ’s latest PMMS survey. Rates have risen roughly 20 basis points over the past month, and market observers believe that rise will continue. Sam Khater, Freddie Mac’s chief economist, said in a statement that the yield on the 10-year Treasury has been increasing “due to the decline in new COVID cases, increasing consumer optimism, as well as

Mortgage 471

Mortgage Development Business Marketing 471

Appraisal Buzz

OCTOBER 28, 2021

Pending home sales decreased 2.3% in September compared with August and were down 8% compared with September 2020, according to the National Association of Realtors’ (NAR) pending home sales index. Regionally, and month over month, pending home sales fell 3.2% in the Northeast, 3.5% in the Midwest, 1.8% in the South, and 1.4% in the West. Year over year, contract signings were down 18.5% in the Northeast, 5.8% in the Midwest, 5.8% in the.

Contracts 195

Contracts Realtors Appraisal 195

Housing Wire

OCTOBER 28, 2021

After rising 8% in August, pending home sales dropped 2.3% in September, according to the National Association of Realtor’s pending home sales index report released on Thursday. The index dropped to 116.7 in September, which is 8% lower than a year ago. An index level of 100 is equal to the level of contract activity in 2001. “Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” L

Inventory 414

Inventory Renovations Contracts Buyers 414

Appraisal Buzz

OCTOBER 28, 2021

New American Funding, a national leader in the mortgage industry, announced today that it has entered into a strategic partnership with CBC Mortgage Agency to expand the offering of its Chenoa Fund Down Payment Assistance program to affordable home buyers. The program rollout focuses on offering New American Funding’s loan origination services to the numerous non-profit affordable homebuilders, veterans’ organizations, and … The post New American Funding Partners With CBC Mort

Mortgage 195

Mortgage Buyers Appraisal 195

Housing Wire

OCTOBER 28, 2021

Publicly traded proptech company Porch Group has been acquiring companies left and right over the past year, and it’s evidently not done yet. The firm announced Wednesday that it has acquired Denver-based digital mortgage automation and point-of-sales software company Floify. The acquisition cost Porch about $76.5 million in cash and $10 million of Porch’s common stock at closing, according to a press release.

Mortgage 380

Mortgage Logistics Insurance Real Estate Agent 380

Appraisal Buzz

OCTOBER 28, 2021

New research by Knock, a digital homeownership platform, confirmed something that many homebuyers have already discovered: they are being priced-out of the new home market. While the uptick in new construction has been viewed as a positive sign for buyers, soaring prices and low inventory have pushed those who can afford it to seek newly or custom-built homes instead of … The post Are Homebuyers Being Priced Out of New Homes?

Construction 195

Construction Inventory Buyers Appraisal 195

Appraisal Buzz

OCTOBER 28, 2021

Flagstar Bank, a national savings and loan holding company, has named James Campbell as Executive Vice President and Head of Servicing for Flagstar’s residential mortgage business. He brings Flagstar over 30 years’ experience in the financial services industry with a focus on the customer experience, employee development, process improvement, automation, and change management.

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Development Business Appraisal Mortgage 195

Housing Wire

OCTOBER 28, 2021

We have recently seen a major shift in the focus of Fannie Mae , Freddie Mac and their regulator, FHFA. Just a few years ago, we were talking about shrinking the GSEs’ footprint, giving GSE charters to vertically integrated Wall Street banks, and giving these same Wall Street banks access to the GSEs’ Common Securitization Platform, which would have enabled them to dominate mortgage markets.

Mortgage 360

Mortgage Contracts Insurance Realtors 360

Appraisal Buzz

OCTOBER 28, 2021

A new study has found that one in 75 homes nationwide were considered zombie properties in the fourth quarter of 2021, with counts likely to rise following the end of the national foreclosure moratorium. The post Zombie Foreclosures Decline in Q4 appeared first on DSNews. The post Zombie Foreclosures Decline in Q4 appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Housing Wire

OCTOBER 28, 2021

Matt Merlone Sr. Fraud Risk DataVerify. In 1984, Glenn Frey released the song “The Heat is On” to support the movie Beverly Hills Cop. Growing up in the ’80s I only need to hear the title of this song and can still immediately conjure up the tune and even the lyrics. The song’s intro builds into an up-tempo catchy tune that speaks to pressure, shadows, and the omnipresent “heat” on the street.

Lending 331

Lending Inventory Investors Mortgage 331

Appraisal Buzz

OCTOBER 28, 2021

There were further indications in August that home price gains are beginning to slow. The appreciation rate of the Federal Housing Finance Agency’s (FHFA’s) House Price Survey (HPI) retreated slightly on both a monthly and an annual basis while the various S&P CoreLogic Case-Shiller home price indices either slowed or remained unchanged on an annual basis.

Finance 195

Finance Appraisal 195

Eyes on Housing

OCTOBER 28, 2021

Real GDP growth slowed to a moderate pace in the third quarter of 2021, as supply-chain disruptions continued, the cost of living rose, and 4.3 million workers quit their jobs. According to the “advance” estimate released by the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) increased at an annual rate of 2.0% in the third quarter of.

Supply Chain 136

Supply Chain Investing 136

Appraisal Buzz

OCTOBER 28, 2021

Polly , a provider of SaaS solutions for the mortgage industry, is partnering with Blend , a cloud banking and mortgage software company, to help provide financial institutions with a completely digital loan process. The integration pairs Polly’s Pricing Engine with the Blend POS, via API. Together, they enable loan officers to swiftly and efficiently capture necessary financial data to determine mortgage pricing and terms. “Our software shaves nearly 80 percent of manual lock desk w

Loan Officers 195

Loan Officers Mortgage Appraisal 195

GoForrmz

OCTOBER 28, 2021

Childcare service providers expedite enrollment processing, centralize record-keeping, and automate workflows with digital forms Traditional paper documents provide various obstacles across daily operations – from costly onboarding delays to missing information. Nothing obstructs workflows like unprofessional, inaccurate, and messy paper forms. Fortunately, digital forms provide endless possibilities for childcare service providers to streamline their business operations, that paper forms simply

Business 131

Business Modernization Clients 131

Appraisal Buzz

OCTOBER 28, 2021

Porch Group Inc. , a vertical software and InsurTech company, has acquired Floify , a provider of digital mortgage automation and point-of-sale software for mortgage companies and loan officers. The acquisition continues Porch’s strategy of providing software to companies involved in the homebuying process and expands its early access to homebuyers who need key services including insurance, warranty and moving services.

Loan Officers 195

Loan Officers Insurance Mortgage Appraisal 195

Hank Miller Team

OCTOBER 28, 2021

The Covid influence on real estate continues to be unprecedented. Not one pundit or economic expert predicted or could have predicted how the pandemic set the housing market on fire. Sellers hit unexpected jackpots but not all need or want to become buyers. Many are remaining in place, working on and improving their homes. Their concerns? What provides the best return on investment for homeowners?

Design 98

Design Buyers Renovations Investing 98

Appraisal Buzz

OCTOBER 28, 2021

Month-over-month, contract signings fell 2.3% in September from August, and slid 8% year-over-year, as NAR reports nominal house price growth has been outpacing house-buying power with rates on the rise. The post Inventory Begins to Fall as 2021 Comes to a Close appeared first on DSNews. The post Inventory Begins to Fall as 2021 Comes to a Close appeared first on Appraisal Buzz.

Inventory 150

Inventory Contracts Appraisal 150

BiggerPockets

OCTOBER 28, 2021

Retirement planning can be complicated when you have so many options to choose from. Do you stick with the Roth IRA, the 401k, the Roth 401k, your employee pension plan, […].

Finance 73

Finance 73

Appraisal Buzz

OCTOBER 28, 2021

NAR reports that in all regions, contract signings decreased from the prior month, and from one year ago, as some potential buyers momentarily pause their home search heading into Q4. The post Pending Home Sales Fall in September appeared first on theMReport.com. The post Pending Home Sales Fall in September appeared first on Appraisal Buzz.

Contracts 150

Contracts Buyers Appraisal 150

Mashvisor

OCTOBER 28, 2021

Closing costs in Tennessee may vary for each transaction, so sellers should know how much they will have to pay before listing their homes.

Sellers 69

Sellers Investors Investing 69

Appraisal Buzz

OCTOBER 28, 2021

Mortgage rates have risen to 3.14% this week, up five basis points, with refi activity dipping for the fifth straight week. The post Increase in Consumer Optimism Drives Rise in Mortgage Rates appeared first on theMReport.com. The post Increase in Consumer Optimism Drives Rise in Mortgage Rates appeared first on Appraisal Buzz.

Mortgage 150

Mortgage Appraisal 150

Lamacchia Realty

OCTOBER 28, 2021

HOW TO CHECK WHETHER YOUR FLORIDA HOME HAS EVER BEEN FLOODED. Before buying a new house in Florida, you must look for past damages. Some homes survive extreme weather conditions, which leaves them with permanent consequences on the build and stability. That’s why you should do a home inspection to check whether your new house has ever been flooded.

Inspection 53

Inspection Insurance Sellers Real Estate 53

Appraisal Buzz

OCTOBER 28, 2021

New research by Knock, a digital homeownership platform, confirmed something that many homebuyers have already discovered: they are being priced-out of the new home market. While the uptick in new construction has been viewed as a positive sign for buyers, soaring prices and low inventory have pushed those who can afford it to seek newly or custom-built homes instead of … The post Buyers Looking To Get Into New Homes Pay a Premium appeared first on DSNews.

Buyers 195

Buyers Construction Inventory Appraisal 195

Mashvisor

OCTOBER 28, 2021

As a real estate investor, having a broad property portfolio is a goal you should always strive for.

Real Estate 69

Real Estate Investors Business Investing 69

Appraisal Buzz

OCTOBER 28, 2021

New research by Knock, a digital homeownership platform, confirmed something that many homebuyers have already discovered: they are being priced-out of the new home market. While the uptick in new construction has been viewed as a positive sign for buyers, soaring prices and low inventory have pushed those who can afford it to seek newly or custom-built homes instead of … The post Buyers Looking To Get Into New Homes Pay a Premium appeared first on DSNews.

Buyers 195

Buyers Construction Inventory Appraisal 195

Mortgagebroker News

OCTOBER 28, 2021

A proposed Home Buyers’ Bill of Rights would address a notable trend that’s emerged in a red-hot market

Government 68

Government Buyers Marketing 68

Lamacchia Realty

OCTOBER 28, 2021

Anthony Lamacchia spoke at the Broker Track portion of the Inman Connect Event in Las Vegas. “Inman Connect is the leading event for the residential real estate community — a 3-day exploration and celebration of the glorious, complicated, rapidly evolving real estate marketplace. It’s where agents, brokers, executives, tech and finance professionals, entrepreneurs and investors, and more gather to learn, share, and forge essential relationships.

Real Estate 36

Real Estate Realty Investors Finance 36

Mortgagebroker News

OCTOBER 28, 2021

The bank’s more hawkish tone gives it flexibility to respond rapidly to extreme outcomes, BMO says

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Eppraisal

OCTOBER 28, 2021

When you list your home for sale, your agent will ask you to fill out and sign a few disclosures. These forms are for you to disclose any material defects, safety hazards or other defects which you know about in your home. Basically, this is giving the buyers notice of any repairs, if any, that the home may require. Potential buyers will look at the disclosures to see if there are any red flags.

Inspection 36

Inspection Sellers Contracts Buyers 36

Mortgagebroker News

OCTOBER 28, 2021

The strongest increases during the third quarter were in Calgary, Ottawa, and Edmonton

Construction 66

Construction 66

Housing Wire

OCTOBER 28, 2021

As the market moves from a refi boom to increased purchase volume, lenders need to be prepared to change their approach to fit borrower needs. HousingWire recently spoke with William J. Tessar, President and CEO of CIVIC Financial, about the keys to lending in a post-refi world. HousingWire: How is the decline in refi volume affecting lenders? William J.

Lending 276

Lending Real Estate Finance Real Estate Agent 276

Mortgagebroker News

OCTOBER 28, 2021

Demand for these assets surpassed all expectations and previous records

Marketing 66

Marketing 66

Empire Appraisal Group

OCTOBER 28, 2021

By Swapna Venugopal Ramaswamy. Today’s market isn’t like the boom-bust cycle leading up to the Great Recession: Tough loan standards are the norm, plus many factors have kept housing supply low. MCLEAN, Va. – Exuberant buying – with multiple offers and bidding wars – has become common across the country, reminiscent of the fevered market before the 2008 housing crash.

Inventory 78

Inventory Housing Market Construction Real Estate 78

Mortgagebroker News

OCTOBER 28, 2021

Inverite Verification enters into an agreement with Home Owner Soon Financial

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