Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. Sitting in traffic, Tomaszewski wished he could pay an Uber driver to take the photos instead. “When we started, the idea was to obtain exterior photos as fast as possible, at a time when Uber, Lyft and marketing technology was advancing, and anyone with a smartphone could get exterior photos,” said Toma

Appraisal 410

Appraisal Inspection Real Estate Agent Training 410

Appraisal Buzz

JULY 12, 2022

Mark Calabria, former director of the Federal Housing Finance Agency (FHFA), has joined Evolve Mortgage Services as a member of its advisory board. . Calabria is currently serving as a senior advisor for Cato Institute. He has more than 25 years of financial regulations experience. As director of the FHFA, Calabria led the agency’s response to COVID, bringing stability and support to the mortgage market, while also laying the groundwork for a removal of Fannie.

Mortgage 195

Mortgage Finance Appraisal Marketing 195

Housing Wire

JULY 12, 2022

Lenders continued to tighten credit standards in June as higher mortgage rates slowed refinance and purchase activity. The monthly Mortgage Credit Availability Index (MCAI) fell by 0.3% in June, according to the Mortgage Bankers Association. A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening, while an increase suggests loosening credit. .

Mortgage 384

Mortgage Government Inventory Lending 384

Appraisal Buzz

JULY 12, 2022

Mortgage credit availability decreased 0.3% in June to a score of 119.6 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index. Credit availability for conventional loans increased 1.2% while credit for government loans decreased 1.7%. Of the component indices of the conventional index, credit for jumbo loans increased by 1.4% and credit for conforming loans increased 0.6%.

Mortgage 195

Mortgage Government Appraisal 195

Housing Wire

JULY 12, 2022

California-based Pennymac launched a product that can freeze mortgage rates as many as 90 days, in a bid to attract more borrowers to the market amid volatile rates. Dubbed “Lock & Shop,” the product, rolled out in mid-June, has two terms: the 75-day lock, which gives borrowers 45 days to shop and 30 days to close the contract; or the 90-day lock, giving customers 60 days to find a home and 30 days to complete the contract. .

Mortgage 384

Mortgage Contracts Valuation Marketing 384

Appraisal Buzz

JULY 12, 2022

Karthik Kumar has joined LendArch , which enables mortgage firms to improve their processes and technology strategies while creating improved borrower experiences, as executive vice president and chief operating officer. Kumar is a 25-year mortgage banking executive with deep technology expertise. He has global experience in operations, business transformation and performance excellence as well as in digital solutions.

Technology 195

Technology Business Mortgage Appraisal 195

Appraisal Buzz

JULY 12, 2022

A new study has found that the simple fact of requiring prospective homebuyers to pay real estate agents directly out of pocket significantly suppresses the home buying opportunities for large segments of the population. The research, entitled “Be Careful What You Wish For: The Economic Impact of Changing the Structure of Real Estate Agent Fees,” … The post Study Suggests Negative Effects of Decoupling Commissions appeared first on DSNews.

Real Estate Agent 195

Real Estate Agent Real Estate Agents Appraisal 195

Housing Wire

JULY 12, 2022

San Francisco-based Unison is extending its reach in the heartland by expanding its shared-equity loan program to homeowners in Nebraska. The move follows the opening of an office in Omaha earlier this year and reaching the milestone as of June 30 of having in force $6.1 billion in equity-sharing agreements with some 9,000 homeowners across 29 states and the District of Columbia. “With our recent office expansion to Nebraska, this was the next logical step for us,” said Unison founde

Contracts 384

Contracts Investing Real Estate Investors 384

Appraisal Buzz

JULY 12, 2022

The Federal Housing Finance Agency (FHFA) has released its latest report on the sale of non-performing loans (NPLs) by Government Sponsored Enterprises Fannie Mae and Freddie Mac (the GSEs). The latest edition of the Enterprise Non-Performing Loan Sales Report includes sales information on all NPLs sold through the end of 2021. However, borrower outcomes reflect … The post Non-Performing GSE Loans Totaled $29B as of Year-End appeared first on DSNews.

Government 195

Government Finance Appraisal 195

Housing Wire

JULY 12, 2022

In a few months, the loss mitigation measures that have kept close to 100,000 veterans from foreclosure during COVID-19 will end. Decisions of policymakers at the Department of Veterans Affairs will determine what happens to those borrowers. The VA also faces challenges unrelated to the pandemic. The cost of credit for its borrowers is set by Congress, not the department.

Modernization 370

Modernization Appraisal Process Appraisal Training 370

Appraisal Buzz

JULY 12, 2022

CoreLogic, a property information and analytics company, has released the latest iteration of its Loan Performance Insights Report which found that for the month of April 20222 2.9% of all mortgages were in some stage of delinquency, defined as being more than 30 days past due including foreclosures. In April 2022, the U.S. delinquency and … The post Mortgage Delinquency Update: The Weight of Competing Economic Factors appeared first on DSNews.

Mortgage 195

Mortgage Appraisal 195

Housing Wire

JULY 12, 2022

The loan quality of mortgage pools backing private-label securitization (PLS) deals has remained solid this year through the end of June, even as deal volume slowed appreciably between the first and second quarters. . In addition, the average coupon for PLS note offerings so far this year has not yet caught up with current market rates, according to the Kroll Bond Rating Agency ’s (KBRA’s) most recent RMBS Credit Indices report.

Mortgage 370

Mortgage Marketing Contracts Real Estate 370

Appraisal Buzz

JULY 12, 2022

CoreLogic ’s monthly Loan Performance Insights Report for the month of April 2022 shows that 2.9% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 1.8 percentage point decrease compared to 4.7% in April 2021. In April 2022, the U.S. delinquency and transition rates and their year-over-year changes, were 1.2% for early-stage delinquencies (30 to 59 days past due), up.

Mortgage 195

Mortgage Appraisal 195

Housing Wire

JULY 12, 2022

Digital real estate closing platform Qualia announced the release of a version of its Qualia Connect platform for mortgage originators. According to Qualia, this release means that the Connect platform will now be able to integrate directly into the mortgage lender’s loan origination system. Qualia Connect’s suite of features will provide lenders with control over how they collaborate with any title, settlement or escrow partner, allowing them to automate and standardize how they work with any t

Mortgage 369

Mortgage Real Estate 369

Appraisal Buzz

JULY 12, 2022

Qualia , a digital real estate closing platform, has released a new mortgage lender edition of Qualia Connect to its platform. This comprehensive suite of features provides lenders with complete control over how they collaborate securely with any title, settlement or escrow partner. Connect now integrates directly into the mortgage lender’s loan origination system (LOS) to enable more efficient, predictable and transparent closing experiences for lenders and their borrowers.

Mortgage 195

Mortgage Real Estate Appraisal 195

The Appraiser Coach

JULY 12, 2022

Imagine yourself on a crisp sunny day in February bombing down a hill of fresh powder in your new skis… can you picture it? Or maybe instead of shredding the. Read More.

Advertising 195

Advertising Real Estate Agent Government Business 195

Appraisal Buzz

JULY 12, 2022

Don’t overlook the inflated cost of ignoring your property’s brand value. Rachel Richardson of Rent. examines this important aspect of rental properties. The post Why Renters Move appeared first on DSNews. The post Why Renters Move appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Appraiserblogs

JULY 12, 2022

Appraisers, back in April, I was notified by someone “close to the action” of appraisal report submittals to the GSE’s, that many Desktops are being submitted back to lenders TOTALLY WRONG by the assigned appraisers! These reports are being captured and evaluated in the current Desktop observation and testing phase of the UCDP evaluations. Lenders use the UCDP as an initial report Quality Control check so that any problems can be identified, and sent back to the appraiser for correction, before

Appraisal 150

Appraisal 150

Appraisal Buzz

JULY 12, 2022

Imagine yourself on a crisp sunny day in February bombing down a hill of fresh powder in your new skis… can you picture it? Or maybe instead of shredding the … Read More. The post Love What You Do, Do What You Love appeared first on Appraisal Buzz.

Appraisal 150

Appraisal 150

Housing Wire

JULY 12, 2022

Nonbank lender loanDepot is making what appears to be the largest series of cuts in the mortgage industry this year, eliminating 4,800 jobs over the course of 2022. Overall, the California-based lender is implementing a program dubbed “Vision 2025” to save between $375 million and $400 million annualized, including headcount reduction, process optimizations, real estate consolidation and reduction in marketing and third-party spending. .

Real Estate 76

Real Estate Contracts Mortgage Lending 76

Appraisal Buzz

JULY 12, 2022

A profile of NAR members has found that nearly 60% of agents found that the biggest factor holding back the housing market over the past year was a lack of supply. The post Inventory Cited as a Top Concern Among Potential Buyers appeared first on DSNews. The post Inventory Cited as a Top Concern Among Potential Buyers appeared first on Appraisal Buzz.

Inventory 150

Inventory Buyers Housing Market Agents 150

Raleigh Realty

JULY 12, 2022

Average Screened-in Patio Cost The cost to screen in a patio ranges from $2,000 to $2,800. It costs an average of $2 per square foot for labor and installation and $3-$5 per square foot for materials. If you want to build a screened-in patio from the ground up, the cost ranges from $3,000-$8,000. Screening a patio can help you protect your backyard oasis from pesky summer bugs and various weather conditions.

Home Value 60

Home Value Investing 60

Lamacchia Realty

JULY 12, 2022

For the 2 nd year in a row, Cyndi Deshaies has qualified for the Lamacchia Realty President’s Club! Previously qualifying in 2021 as well , Cyndi is truly a force to be reckoned with. After joining the company in 2018, she quickly grew her business has never looked back. Her passion for real estate and dedication to her client’s success is second to none.

Realty 69

Realty Agents Real Estate Clients 69

Raleigh Realty

JULY 12, 2022

Over the past couple of years, people have been stuck at home. All that staring at the same walls has probably made many realize — it’s been a while since your home had a fresh coat of paint. If you’re considering a home renovation, you might be looking for some insight on what other homeowners are doing. That’s why we’re rounding out some top home renovation statistics so you know what to expect from your next home improvement project.

Home Improvement 60

Home Improvement Renovations Construction Supply Chain 60

Lamacchia Realty

JULY 12, 2022

Anthony Castellano has officially qualified for the 2022 President’s club for the third year in a row! Anthony first joined the club in 2020 as the youngest REALTOR® ever to join, and then made it again in 2021. Anthony is extremely dedicated and hardworking and gives his clients his all in every transaction, evidenced by his consistent spot as a monthly top producing REALTOR® in the Woburn office as well as a Top Producer in the company in 2020 and 2021.

Realty 69

Realty Construction Clients Realtors 69

Raleigh Realty

JULY 12, 2022

Apartment living is one of the most popular housing options in the United States. In fact, nearly 39 million Americans live in an apartment complex. Living in an apartment or condo building is a great choice — it saves space in cities so more people can enjoy all the benefits of a metropolitan community like Raleigh. But while the terms are sometimes used interchangeably, are condos and apartments the same thing?

HOA 60

HOA Landlords Mortgage Tenants 60

Mashvisor

JULY 12, 2022

Access to the MLS online is very important in today’s real estate investment market, particularly when finding investment opportunities. Table of Contents What Is the MLS?

Real Estate 69

Real Estate Investing Marketing Tools 69

BiggerPockets

JULY 12, 2022

One of the most valuable tools rental property investors have in the U.S. is the 30-year fixed-rate mortgage. Surprisingly, this style of mortgage is very much an outlier compared to […].

Investing 67

Investing Tools Investors Mortgage 67

Mortgagebroker News

JULY 12, 2022

"When you start working with a lender, it’s super important that the underwriter and the compliance team [are] all in sync with one another"

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BiggerPockets

JULY 12, 2022

We are in the age of social media, so how do you use that to your advantage? How do you create a platform that helps you reach your career goals? […].

Investors 57

Investors Investing Real Estate 57

Mortgagebroker News

JULY 12, 2022

The Bank of Canada's rate increases will be a major factor in the housing market's growth prospects

Housing Market 69

Housing Market Marketing 69

Eppraisal

JULY 12, 2022

One important aspect of the home-buying process is earnest money. Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. Earnest money is sometimes referred to as a "good-faith" deposit. As home values have been rising, so have earnest money amounts. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.

Contracts 36

Contracts Real Estate Agent Sellers Real Estate 36

Mortgagebroker News

JULY 12, 2022

Variable rates are expected to increase again after Wednesday's Bank of Canada announcement

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GoForrmz

JULY 12, 2022

Streamline the collaborative permit process and save time by leveraging the GoFormz-Procore integration Forms for construction multiply throughout the duration of a project – from obtaining hot work permits to conducting daily construction reports, information is consistently being passed between various stakeholders. However, key collaborators aren’t always together in the same room, forcing teams to rely heavily on email and phone calls as their primary means of communication.

Construction 78

Construction Project Management Government Tools 78