Housing Wire
MARCH 14, 2022
The Consumer Financial Protection Bureau today said that they are closely monitoring how servicers conduct themselves to help borrowers avoid foreclosures. Lorelei Salas, assistant director for supervision policy at the CFPB, wrote in a blog post that the CFPB will be closely monitoring complaints of servicers not giving borrowers the option or time to apply for the Homeowners Assistance Fund (HAF).
Appraisal Buzz
MARCH 14, 2022
Appraisals for mortgage finance transactions are subject to many levels of scrutiny and review. Post submission of an appraisal report ordered by an AMC for lending purposes, a quality control check of the report will be completed. Once the AMC deems the report satisfactory, it is forwarded to their client, the lender. The lender will run the report through automated underwriting and may have a QC process of their own.
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Housing Wire
MARCH 14, 2022
Mortgage origination activity took a major hit in February, with rate hikes squeezing out refinance activity , both for rate-term refis and cash-outs. Overall origination activity in February was down 5.4% from January, according to the latest monthly Mortgage Monitor report from Black Knight. Purchase locks, which are not as rate-sensitive as refinancings , were up 7.2% in February over the prior month, with volumes up 5.6% from the same time last year.
Appraisal Buzz
MARCH 14, 2022
From predictive tech to customer self-service, Brad Hawkins details the developments that may reshape the field services sector in the months to come. The post Top Field Services Trends to Expect This Year appeared first on DSNews. The post Top Field Services Trends to Expect This Year appeared first on Appraisal Buzz.
Housing Wire
MARCH 14, 2022
Guild Mortgage CEO Mary Ann McGarry. The parent company of California-based Guild Mortgage reported on Monday it has identified material weaknesses in its internal control over financial reporting, according to its annual 10K document filed with the U.S. Securities and Exchange Commission (SEC). The nonbank lender said it did not have sufficient staff with the experience to design and operate its controls over financial reporting.
Appraisal Buzz
MARCH 14, 2022
Human-in-the-Loop document automation platform Ocrolus ’ new suite of document-centric applications is now offered in ICE Encompass, intended to reduce delays due to review queues within the mortgage approval process. Benefits of the new document-centric Encompass suite include reduced loan approval times, integration simplicity, document accuracy and a more inclusive end-user experience: Data accuracy helps reduce the bias in mortgage lending and opens doors to a more inclusive set of borrowers
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
MARCH 14, 2022
Epiq, an Atlanta-based provider of intelligence to the legal services industry, has released its February 2022 bankruptcy filing statistics from its new Bankruptcy Analytics platform which found that filings increased by 3.2% last month representing 26,985 filings of all types, up from the 26,194 seen in January, but down from the 27,957 seen in December.
Raleigh Realty
MARCH 14, 2022
Living in Wake Forest, NC Moving to Wake Forest? We have you covered with this guide below or click to check out the available homes for sale in Wake Forest as well as some of the town's best neighborhoods Wake Forest, NC - General Information Living in Wake Forest is wonderful. The town of Wake Forest, North Carolina is a northern Raleigh suburb with a location that allows easy access around the Triangle (Raleigh-Durham-Chapel Hill area).
Appraisal Buzz
MARCH 14, 2022
According to a new report from Redfin, prospective homebuyers who offered cash payments were more than four times as likely to win a bidding war as those who didn’t in 2021, currently making all-cash offers the most effective strategy to secure a home with multiple offers. Waiving the financing contingency and conducting a pre-inspection, both … The post Bidding War Competition Heightens appeared first on DSNews.
Eyes on Housing
MARCH 14, 2022
As described in a previous post, NAHB’s recently released its 2022 Priced-Out Estimates, showing that 87.5 million households are not able to afford a median priced new home, and that an additional 117,932 would be priced out if the price goes up by $1,000. A second post showed the households priced out by higher interest rates. This post focuses on.
Appraisal Buzz
MARCH 14, 2022
The mobile-first mortgage lending solution from StreamLoan Inc. , a provider of Point-of-Sale (POS) business-boosting, LOS-integrated mortgage tools, is now built on the web-based Encompass and available through ICE Mortgage Technology , part of Intercontinental Exchange Inc. The integration drives digital workflow automation extended to lenders, borrowers and realtors driving speed, quality and efficiency in the loan origination process.
Appraiserblogs
MARCH 14, 2022
Why do I take the time to mention “real estate appraisers” and “real estate appraisals?” instead of just “appraisers” and “appraisals”? Personal property appraisers and business appraisers aren’t required by any state to follow USPAP, don’t pay anything for licensing and certification fees to any state, and are not subject matter experts on anything to do with real estate at all, ever.
Appraisal Buzz
MARCH 14, 2022
PERSON OF THE WEEK: Technology continues to transform the mortgage market, reducing operating costs, creating more efficient processes and improving the borrower experience. The next step in AI-driven underwriting is the use of alternative sources of credit data, which could potentially enable lenders to serve millions of creditworthy yet “underserved” borrowers.
Mashvisor
MARCH 14, 2022
Plenty of rent estimate tools are available online but is Zillow rent estimate reliable? Let’s take a closer look at what the tool offers to real estate investors.
Appraisal Buzz
MARCH 14, 2022
BLOG VIEW: Most are familiar with the appraisal standards used to identify the condition of homes during the appraisals process. Fannie Mae, Freddie Mac, HUD and VA use codes to simplify this process. These codes are C1 thru C6 the former being the best condition homes and the later the worst. These organizations often comment and review the use of these codes on appraisals and send letters to appraisers, lenders and underwriters on their.
Mashvisor
MARCH 14, 2022
Hopes are high for Las Vegas businesses with the resurgence of international tourism. Can potential investors in the Las Vegas rental market be as optimistic?
Appraisal Buzz
MARCH 14, 2022
Owning a home is the gold-standard of housing security. But for those who cannot afford to buy, they rent—and as of late, the market share of renters has steadily risen in light of new housing trends that started two years as the COVID-19 pandemic began to take hold of the market. Today, there are about … The post Under Threat: The Environment and America’s Rental Market appeared first on DSNews.
Mashvisor
MARCH 14, 2022
Investing in Airbnb Columbus Ohio in 2022 is a lucrative prospect for real estate investors willing to pursue the short-term rental strategy.
Appraisal Buzz
MARCH 14, 2022
New five-year extension will enable Freedom Mortgage, with a servicing portfolio of $400B, to power its homeowner-first servicing ecosystem. The post Sagent Extends Tech Stack Deal With Freedom Mortgage appeared first on DSNews. The post Sagent Extends Tech Stack Deal With Freedom Mortgage appeared first on Appraisal Buzz.
Mortgagebroker News
MARCH 14, 2022
Mortgages continue to be the crucial factor in this trend of accelerated borrowing, StatCan says
BiggerPockets
MARCH 14, 2022
mitigate risks and maximize the possibility for returns. Not sure how to do that? We'll give you some tips for evaluating these types of deals.
Mortgagebroker News
MARCH 14, 2022
The project adds much needed housing supply for Vancouver’s vulnerable populations, officials say
BiggerPockets
MARCH 14, 2022
The signs of a bad real estate agent aren’t very clear if you’re a new investor. But, after trial and error and a lot of deals done, you’ll be able […].
Mortgagebroker News
MARCH 14, 2022
Outside support is invaluable to surmounting the industry's sharp learning curve
Housing Wire
MARCH 14, 2022
U.S. treasury, the treasury department, us treasury. As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.
Mortgagebroker News
MARCH 14, 2022
Equifax executive on some of the developments that could be on the way
Housing Wire
MARCH 14, 2022
One of the biggest questions in real estate right now is how rising interest rates will impact the housing market. This used to be a pretty easy question to answer: when interest rates go up, it costs more to purchase a home, and demand drops. Price appreciation slows, and homes take longer to sell. More expensive money also meant fewer investors holding homes so inventory would climb too.
Mortgagebroker News
MARCH 14, 2022
The awards are set to return as a live in-person event on April 28
Total Motgage
MARCH 14, 2022
With an announcement from the Federal Reserve coming soon, we have a big week ahead of us. Let’s cover the latest in this week of mortgage industry news.
Mortgagebroker News
MARCH 14, 2022
Essential facts to understand about the mortgage qualifying rate
Housing Wire
MARCH 14, 2022
To mortgage lenders, adoption has been the constant, insurmountable challenge keeping the industry from realizing the benefits of technological advances. Why embrace the new when the folks in the back office were doing just fine with the tried-and-true tools — even if these tools were pen and paper? It’s no wonder that lenders as a group have seen disappointing results from their efforts at change management.
Mortgagebroker News
MARCH 14, 2022
Workers are steadily returning after public health restrictions eased
Raleigh Realty
MARCH 14, 2022
Home Safety Tips for Seniors Your home should be the place where you feel safe and comfortable. As we age, our home can present a new set of challenges to us that we previously did not have a reason to consider. Each year countless senior citizens are injured in or around their homes, but there are some steps you or your loved ones can help you take in order to make the environment safer for you.
GoForrmz
MARCH 14, 2022
Share editable online forms with users outside of your account with our form sharing feature, Public Forms What is a Public Form ? The Public Forms feature enables GoFormz users to easily share links to their online forms for people outside of their account to fill out and complete. This functionality makes it easy to share forms with clients, patients, students, and more, and receive submitted forms and information in real-time.
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