Housing Wire

SEPTEMBER 8, 2021

Mortgage application volume declined by 1.9% as of Sept. 3, falling to its lowest level since mid-July, according to the Mortgage Bankers Association’s weekly survey published on Wednesday. On an unadjusted basis, MBA’s index decreased by 3% compared to the previous week. Pushing the decline was the refinance index, which dipped by 3% from the previous week and was 4% lower than the same week year-over-year, the MBA said.

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Appraisal Buzz

SEPTEMBER 8, 2021

In today’s Buzzcast, we dive into mortgage fraud within the industry. Today we have Bridget Berg, Senior Director of Fraud Solutions Strategy for Corelogic, with Joan Trice, Founder of Allterra Group, LLC. We’ll be getting the inside scoop while Joan and Bridget discuss the increase in fraud, how it keeps happening, and how it can be stopped. How exactly are appraisers seeing fraud in the current market?

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Housing Wire

SEPTEMBER 8, 2021

The Office of the Comptroller of Currency announced today that it is moving to gut the controversial Community Reinvestment Act (CRA) rule issued in 2020. Instead, the agency is proposing to replace the federal anti-redlining rule with rules adopted jointly by the OCC, Federal Deposit Insurance Corporation , and the Board of Governors of the Federal Reserve System in 1995.

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Appraisal Buzz

SEPTEMBER 8, 2021

Purchase apps have slid week-over-week, while the demand for refis has leveled off, as August saw a boost in the supply of homes nationwide. The post Despite Rise in Inventory, Mortgage Application Volume Declines appeared first on theMReport.com. The post Despite Rise in Inventory, Mortgage Application Volume Declines appeared first on Appraisal Buzz.

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Housing Wire

SEPTEMBER 8, 2021

Four months into the new year and conversations among mortgage executives were focused right back on the same issue that always happens after a mortgage boom — LO com p. Three mortgage executives were virtually gathered to talk about the routine topic at the Mortgage Bankers Association’s Spring conference in April. The session was a part of the MBA’s decision to merge its usual succession of conferences into one, lump virtual conference due to the pandemic.

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Appraisal Buzz

SEPTEMBER 8, 2021

Applications for mortgage financing declined again during the week ended September 3. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, was down 1.9 percent on a seasonally adjusted basis heading into the Labor Day weekend and was 3 percent lower on an unadjusted basis. The Refinance Index decreased 3 percent from the previous week and was 4 percent below the volume one year ago.

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Appraisal Buzz

SEPTEMBER 8, 2021

Regardless of when it happens, lenders should be preparing for a purchase market. The post What to Expect as the Market Pivots appeared first on theMReport.com. The post What to Expect as the Market Pivots appeared first on Appraisal Buzz.

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Housing Wire

SEPTEMBER 8, 2021

CreditXpert. The CreditXpert platform is an easy way to qualify more applicants, retain more leads and increase mortgage credit score transparency. Our A.I.-driven platform quickly identifies credit improvement potential and generates detailed plans with just a couple clicks. See how easy it is to incorporate CreditXpert into your lending process. Product Fast Facts. #1.

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Appraisal Buzz

SEPTEMBER 8, 2021

First American Financial receives new award for going above and beyond for their employees, and making great strides in diversity and inclusion. . The post First American Honored by PEOPLE Magazine appeared first on DSNews. The post First American Honored by PEOPLE Magazine appeared first on Appraisal Buzz.

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Housing Wire

SEPTEMBER 8, 2021

QuickSource. QuickSource allows appraisers to complete their comps grid and reduce their risk of revision requests. It imports from MLS, public records, their comps database, and peer comps. They see everything in one screen to easily compare all available data, identify and correct discrepancies, and push formatted data into their report. Product Fast Facts. #1.

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Appraisal Buzz

SEPTEMBER 8, 2021

Accounting for 1% of U.S. home sales for the first time in history, the increase in iBuying indicates sellers’ desire for “more certainty and less stress,” experts say. The post ‘Instant Buying’ Transactions Reach Record Numbers appeared first on theMReport.com. The post ‘Instant Buying’ Transactions Reach Record Numbers appeared first on Appraisal Buzz.

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Housing Wire

SEPTEMBER 8, 2021

ReadyPrice. ReadyPrice is a provider of mortgage technology that connects brokers and wholesale lenders through a cloud-based, community platform, allowing brokers to search loan programs and pricing across every loan category, and deliver those loans directly to their lender of choice. Product Fast Facts. #1. ReadyPrice is the only Pricing and Loan Delivery technology that supports FNMA, FRE, FHA, VA, USDA, VA, and non-agency (non-QM, jumbo, etc.) loan originations. #2.

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Appraisal Buzz

SEPTEMBER 8, 2021

Mortgage applications decreased 1.9% from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending September 3, 2021. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.9% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 3% compared with the previous week.

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Housing Wire

SEPTEMBER 8, 2021

Finicity. Through Finicity Mortgage Verification Service, Finicity’s open banking platform leverages high value consumer-permissioned financial data directly from financial institutions and payroll processors to provide accurate, real-time insights into a borrower’s current assets, income and employment. The solution offers flexible flows for all mortgage lending use cases.

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Appraisal Buzz

SEPTEMBER 8, 2021

The industry faces continued inventory shortages, rising home costs, and delays, and the answer to the problem may rest in distressed housing, according to author Nathan Cron. The post Finding Solutions in Distress appeared first on DSNews. The post Finding Solutions in Distress appeared first on Appraisal Buzz.

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George Dell

SEPTEMBER 8, 2021

Science is systematic way to build and organize knowledge. What’s to fear? Science is a search for the truth. Scary. How can the search for truth be scary? It is especially easy to deny the results of systematic study, if one can latch on to other’s fears, perpetuated misinformation, and wishful thinking. […]. The post Fear of Science? appeared first on George Dell, SRA, MAI, ASA, CRE.

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Appraisal Buzz

SEPTEMBER 8, 2021

Here is why economists believe these “astonishing” gains could be “a key driver in the nation’s overall COVID-19 economic recovery.” The post Tappable Equity Skyrocketing appeared first on theMReport.com. The post Tappable Equity Skyrocketing appeared first on Appraisal Buzz.

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Eyes on Housing

SEPTEMBER 8, 2021

The second quarter of 2021 marked the second consecutive quarter of loan growth for residential construction loans. These gains have lifted the year-over-year growth rate, marking an expansion of outstanding loans for home builders. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions increased by 4.9% during the second quarter, even as the market cooled off strong.

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Appraisal Buzz

SEPTEMBER 8, 2021

One in four U.S. homes now sit vacant, down 3.7% from Q2’s totals according to a new study. The post Zombie Properties Decline in Q3 appeared first on DSNews. The post Zombie Properties Decline in Q3 appeared first on Appraisal Buzz.

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Eyes on Housing

SEPTEMBER 8, 2021

In the July labor market data, job openings for the overall economy increased to 10.9 million open positions. What had been a challenge in certain sectors, like construction, continues as a broad labor access issue as businesses seek workers as the economy reopens. The count of open construction jobs weakened in July to 321,000 unfilled positions, according to data from.

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Appraisal Buzz

SEPTEMBER 8, 2021

Analysts expect this unprecedented growth to reduce foreclosures and incentivize mortgagers to resume payments as 400k forbearance plans end this month. The post Soaring Equity Levels Could Drive Economic Recovery appeared first on DSNews. The post Soaring Equity Levels Could Drive Economic Recovery appeared first on Appraisal Buzz.

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Appraiserblogs

SEPTEMBER 8, 2021

Join George Dell & Craig Gilbert for a free 2-hour webinar on Market Price Indexing: For Peaking Prices… Price indexing is also known by other words, such as time adjustments or market conditions adjustments or trend analysis. A number of techniques have been recommended over the years. Most are flawed. Oddly, the algorithm mechanics of calculating are fairly simple and intuitive.

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Appraisal Buzz

SEPTEMBER 8, 2021

The Mortgage Bankers Association ‘s (MBA) latest Forbearance and Call Volume Survey has revealed that the total number of loans now in forbearance decreased by 2 basis points from 3.25% of servicers’ portfolio volume in the prior week to 3.23% as of August 29, 2021. According to MBA’s estimate, 1.6 million homeowners are in forbearance plans.

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Valuation Review

SEPTEMBER 8, 2021

Valuation Review recently reported the appointment of Tony Lenamon as the Americas head of valuation advisory for the commercial real estate firm JLL. Lenamon discussed his new role and some other matters relevant to the valuation industry. Red on for more of our conversation.

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Appraisal Buzz

SEPTEMBER 8, 2021

Economists say the growth has far exceeded income growth and eroded affordability. Here’s what that might mean for the market in coming months. The post Home Prices Hit 45-Year High appeared first on theMReport.com. The post Home Prices Hit 45-Year High appeared first on Appraisal Buzz.

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Valuation Review

SEPTEMBER 8, 2021

LRES Corp., a diversified REO/asset management and valuations company, recently signed a definitive agreement to acquire Keystone Asset Management, Inc., a Pennsylvania corporation, LRES announced in a press release. The deal was expected to be completed September 1, 2021. Read on for more details about this acquisition.

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Appraisal Buzz

SEPTEMBER 8, 2021

A report covering July data outlines a number of economic factors experts predict will “temper demand and lead to a slowing in price growth.” The post Cost of Homeownership Reaches Record High appeared first on DSNews. The post Cost of Homeownership Reaches Record High appeared first on Appraisal Buzz.

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BiggerPockets

SEPTEMBER 8, 2021

Hard money loans may not be difficult to get, but they can be expensive. Despite the cost, they’re an essential tool for investors. Knowing when to use hard money and how to get it is critical.

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Valuation Review

SEPTEMBER 8, 2021

With the median existing-home price up a record 23.6 percent compared to last year, the personal-finance website WalletHub released its report “2021’s Best Real-Estate Markets.” To determine the most attractive real estate markets in the U.S., WalletHub compared 300 cities across 18 key metrics.

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BiggerPockets

SEPTEMBER 8, 2021

Closing costs are expenses in the home-buying process that typically equal 2% to 5% of your loan’s value. Borrowers might be able to reduce closing costs with the right negotiation tactics. Here are several tips to try before you sign off on your purchase.

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Valuation Review

SEPTEMBER 8, 2021

LoanLogics recently released a white paper detailing how mortgage industry participants can maximize the relationship between their people, technology, and the mortgage process. The paper describes how combining automation and confidence scoring with human assistance can save 50 percent in document processing costs.

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Lamacchia Realty

SEPTEMBER 8, 2021

5 TIPS TO SELL YOUR HOME FOR THE MOST MONEY THIS FALL. It’ll be fall before you know it. Kids are going back to school and the mornings and evenings are cooler. This fall may look a bit different but soon enough the real estate market will hit its second busiest season of the year for home sales. Many people are quickly realizing they may need a better layout to suit their needs.

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Valuation Review

SEPTEMBER 8, 2021

The Appraisal Subcommittee (ASC), the independent federal agency providing oversight for the real estate appraiser and appraisal management company regulatory system, has released its 2020 Annual Report. ASC Executive Director James Park shared his thoughts.

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BiggerPockets

SEPTEMBER 8, 2021

Purchasing one rental property is an accomplishment in itself, but what about purchasing 26 units in your first year of real estate investing? Not many do it, but someone who […].

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