Housing Wire
JULY 28, 2022
The U.S. House of Representatives passed a bill late Wednesday creating federal minimum standards, which would allow notaries nationwide to perform remote online notarizations. The legislation passed the House with a vote of 336-90. A key to advancing the universal adoption of fully electronic mortgages is the creation of remote online notarization (RON) standards across all 50 states.
Cleveland Appraisal Blog
JULY 28, 2022
In recent years, with the advent of remote work, many are moving to different states. This week, I welcome back guest writer June Duncan who shares some tips for those planning on moving out of state. Enjoy! If you’re moving out of state, you can be sure that it will probably be a big adjustment to have to get used to. Moreover, it’ll probably be a big change to wrap your head around because you’ll probably be moving somewhere very different from where you are right now in terms of l
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Housing Wire
JULY 28, 2022
Lenders continue to face tightening profit margins as interest rates stay substantially higher than they were last year. In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. HousingWire: As businesses of all types begin to rely more heavily on automation, is the mortgage industry doing enough to keep pace?
Appraisal Buzz
JULY 28, 2022
According to the redesigned J.D. Power 2022 U.S. Mortgage Servicer Satisfaction Study released today, customer satisfaction suffers when there is a lack of trust in the servicer. As a recession seems increasingly likely and mortgage loan delinquencies are on the rise, customers want to be assured their mortgage servicers are on their side. “Mortgage servicing … The post J.D.
Housing Wire
JULY 28, 2022
Purchase mortgage rates dropped after climbing for two consecutive weeks, reflecting declining consumer confidence and an emerging “technical recession,” amid a higher interest rate environment. Purchase mortgage rates declined this week to average 5.30%, down from last week’s 5.54%, according to the latest PMMS survey from Freddie Mac.
Appraisal Buzz
JULY 28, 2022
There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. What exactly does this mean? The mortgage appraisal forms we use today were designed in 2005 using technology and mortgage processes in place at the time. Consider all the technological advances since 2005: Apple released the iPhone, the first touchscreen smartphone Social networking.
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Appraisal Buzz
JULY 28, 2022
Mortgage Bankers Association ‘s (MBA) Purchase Applications Payment Index (PAPI) shows homebuyer affordability was mostly unchanged in June, with the national median payment applied for by applicants down slightly to $1,893 from $1,897 in May. PAPI measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).
Housing Wire
JULY 28, 2022
United Wholesale Mortgage (UWM) rolled out a new adjustable-rate mortgage (ARM) product for jumbo loans in an effort to provide brokers more options in a highly competitive mortgage origination market. UWM’s Prime Jumbo Max pricing offers a seven- or 10-year ARM with a rate/term and cash-out refi for a maximum loan amount as much as $3 million, with a maximum loan-to-value ratio of 80% and minimum FICO score of 700, the wholesale lender said.
Appraisal Buzz
JULY 28, 2022
As inflation rises, more families and businesses are tightening their budgets and taking cost-cutting measures to create a little more breathing room—and according to the latest survey, this includes mortgage lenders. Continuing a quarterly survey of mortgage executives that initially started in 2014, Fannie Mae has published its latest Mortgage Lender Sentiment Survey (MLSS) for … The post Lenders Prioritizing Cost Cutting Measures appeared first on DSNews.
Housing Wire
JULY 28, 2022
Nonbank mortgage lender Pennymac Financial Services laid off 32 additional employees in July, ahead of its scheduled Aug. 2 second-quarter earnings report. It marks the California-based company’s third round of layoffs this year, as Pennymac had a workforce reduction of 236 employees in March and cut another 207 staff members in May. According to a Worker Adjustment and Retraining Notification (WARN) alert submitted to the Employment Development Department (EDD), on July 18 the company cut
Appraisal Buzz
JULY 28, 2022
ATTOM Data, a curator of nationwide real estate data for land and property, has announced that it has sold two of its subsidiaries to Nations Info in addition to signing a multi-year agreement to become an ATTOM data licensing customer. The two subsidiaries, RealtyTrac and Homefacts, were officially sold July 15 2022, but was just … The post ATTOM Makes Big Move By Selling RealtyTrac; Homefacts appeared first on DSNews.
Housing Wire
JULY 28, 2022
Some homeowners are confronting a difficult choice: sell or face foreclosure. Even those with a considerable equity stake may find themselves in this dilemma. What can lenders do to help borrowers facilitate a sale, protect the equity in their home, and potentially remain in their home following the sale by negotiating a leaseback option? HousingWire recently spoke with Phil Johnsen, SVP/GM Servicing & Real Estate Solutions at Altisource, about how Altisource’s Equity Sheild can help.
Appraisal Buzz
JULY 28, 2022
Mortgage industry veteran Darren Russell has joined Renaissance Home Loans , a South Florida-based mortgage originator, as vice president of business development. Russell was most recently with Mr. Cooper, where he participated in some of the industry’s more complex correspondent strategies, like assignment of trade [AOT], co-issue, and bulk acquisition.
Housing Wire
JULY 28, 2022
The U.S. Treasury Department has issued new guidance empowering state, local and tribal governments to direct more of the funding appropriated under the American Rescue Plan Act of 2021 toward affordable-housing investments. The $350 billion American Rescue Plan (ARP) includes a range of aid focused on reducing hardships that individuals, businesses and communities face due to the COVID-19 pandemic.
Appraisal Buzz
JULY 28, 2022
PERSON OF THE WEEK: Mortgage lenders are increasingly using technology to streamline the lending process – however, as adoption grows, security issues remain a concern. Personal financial data are shared back and forth between mortgage lenders and consumers during the application and underwriting process – and lenders can run into trouble if they aren’t being careful.
Housing Wire
JULY 28, 2022
Despite drops in revenue and income in the second quarter , Old Republic International Corp. executives remained positive during their earnings call with investors Thursday afternoon. “While we are reporting decreases in revenue and pretax operating income for this quarter, it is important to keep in perspective that these comparisons are to a year that saw record-setting demand for housing and investments in the real estate market,” Old Republic Title President Carolyn Monroe told investors.
Appraisal Buzz
JULY 28, 2022
Xactus , a provider of verification solutions to the mortgage industry, has acquired MassiveCert , offering residential national flood data and technology. Terms of the deal were not disclosed. MassiveCert will now operate under the name Xactus Flood Solutions. “We are excited to acquire MassiveCert and introduce additional innovative flood data solutions to our mortgage clients, and also establish our presence in the insurance industry” says Perry Steiner, chairman and CEO of Xactus, in a relea
Housing Wire
JULY 28, 2022
Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. With the acquisition, Xactus will offer flood zone determinations to its clients by using its proprietary flood data and technology products, the firm said Wednesday.
Appraisal Buzz
JULY 28, 2022
A new report found that many lower-income homeowners who make repairs rely on government assistance repair programs for emergency, structural, plumbing, electrical, mechanical, and replacement needs. . The post Fewer Homeowners Repairing, Maintaining Homes appeared first on DSNews. The post Fewer Homeowners Repairing, Maintaining Homes appeared first on Appraisal Buzz.
Housing Wire
JULY 28, 2022
As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. Even economists are divided on what’s to come: Some believe rates have already peaked; others say they’ll climb until or unless the nation’s economy officially enters a recession.
Eyes on Housing
JULY 28, 2022
The U.S. economy definitively slowed in the first half of 2022 as the Federal Reserve tightened financial conditions. Real GDP fell for the second straight quarter, while the Fed raised interest rates by 75 basis points for the second consecutive month to reduce inflation pressure. Despite these negative elements, the job market remained solid amid inflation concerns and growing recession.
DW Slater Company
JULY 28, 2022
Here in Texas, we are dealing with a heat wave and drought, reminiscent of the 1980 heat wave. Our power grid and ERCOT (the power grid regulating entity) have been challenged and I found myself checking their real-time grid that tracks the supply and demand of power. As appraisers, we are finding ways to stay cool while working in this heat. The heat can be dangerous and unbearable at times, making me appreciate the works of William Carrier!
GoForrmz
JULY 28, 2022
Modernize your medical spa with digital forms A medical spa is not your typical day spa. Medspas blend the best of both worlds – the tranquility of a spa with the expertise of a licensed physician. Like a traditional spa, facials, massages, and more are offered at a medspa. But medspas also offer specialized treatments that are usually only found at a medical clinic.
Mashvisor
JULY 28, 2022
Investors always expect to see returns from their investments. Rental property comps can help them navigate through the different complications. Table of Contents What Are Rental Comps?
Houston Properties
JULY 28, 2022
Do you feel the need to downsize your Houston home? This comprehensive article helps explain everything you need to know about downsizing to a smaller but better place.
San Jose Real Estate
JULY 28, 2022
There’s a cool elevation map, or topographical map, which can show us the elevation of any given parcel in the area. The topographical map can be accessed HERE. Seeing a topographical map isn’t too surprising, but what did somewhat amaze me was the ability to zoom in, click on a particular house, and learn its […].
Houston Properties
JULY 28, 2022
Looking for the most luxurious neighborhood in Houston? Our experts have done the research for you. See our guide to Houston's most expensive homes.
BiggerPockets
JULY 28, 2022
While fears of an immediate US recession have not been confirmed, the latest GDP report points towards a shrinking economy. GDP contracted by 0.9%, the second-straight quarter of decline, while […].
Houston Properties
JULY 28, 2022
See Southampton real estate, home sales, and investment data. The article covers Southampton neighborhood analysis and review of homes for sale.
BiggerPockets
JULY 28, 2022
Vacation rentals, real estate agent commissions, brokerage fees, insurance quotes, and everything in between just start to scratch the surface of who Christian Bachelder is. Some of you may have […].
Houston Properties
JULY 28, 2022
Navigate the new Tanglewood maps. Read about the Tanglewood neighborhood and its real estate guide. Explore map of Tanglewood homes for sale.
Mortgagebroker News
JULY 28, 2022
Despite recent volatility, Canada's housing market will remain robust, says high-profile executive
Houston Properties
JULY 28, 2022
Check out the two new Bellaire Houston Maps with additional real estate guide and list of Bellaire Houston Subdivisions.
Mortgagebroker News
JULY 28, 2022
Community Trust's revamped investment property program an attractive option for clients
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