Housing Wire
OCTOBER 11, 2021
For the second month in a row, national housing affordability improved in August, according to the latest National Association of Realtors housing affordability index report. This improvement came as monthly mortgage payments fell by 1.1% while median family income fell by 0.7%. As of August 2021, the 30-year fixed mortgage rate was 2.89% compared to 3% a year prior.
Appraisal Buzz
OCTOBER 11, 2021
Tell someone that you’re a professional fee appraiser and most folks won’t have any idea what that really means. Some will picture the guys at Pawn Stars or the Antiques Roadshow trying to put a value on something they pulled out of their parent’s attic. If they’re in the mortgage industry, they’ll likely fall into one of two groups – those who understand the value you bring to the home finance transaction and those who think you fill out forms.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
OCTOBER 11, 2021
Servicers’ forbearance portfolio volume declined at the fastest rate in a year, as mortgage holders exit COVID-19 plans, according to the Mortgage Bankers Association (MBA). Exits are expected to pick up the pace in the weeks ahead due to economic improvement. The total number of loans in forbearance decreased by 27 basis points to 2.62% as of Oct. 3.
Appraisal Buzz
OCTOBER 11, 2021
Guild Mortgage Correspondent is the most recent addition to Promontory MortgagePath ’s investor network. Promontory MortgagePath is a provider of digital mortgage fulfillment services. The company manages investor relationships on behalf of its community lending clients, facilitating new relationships for clients seeking investor partners and adding and delivering to new investors based on clients’ existing relationships.
Housing Wire
OCTOBER 11, 2021
Earlier in the month, PennyMac Financial and United Wholesale Mortgage publicly announced that they are each raising their conforming loan ceilings by 14%, nearly two months ahead of the Federal Housing Finance Agency ‘s official decree. They’re not the only ones getting a jump on new conforming loan limits. Rocket Mortgage and Homepoint announced last week that they are also upping their conforming loan limit to $625,000 for a one-unit property.
Appraisal Buzz
OCTOBER 11, 2021
Lyndal McLaughlin has joined mortgage software firm LBA Ware as a software implementation consultant. McLaughlin has over 30 years’ experience in the mortgage industry. She has experience in loan origination, processing, underwriting, closing and operations, making her an exceptionally well-rounded player in the field. Most recently, she served as a compliance product implementation manager for QuestSoft.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
OCTOBER 11, 2021
BLOG VIEW: Each Spring, many lenders find an email from MERSCORP Holdings, Inc. (MERS®) regarding the Annual Report, colloquially referred to as the MERS Audit. This email outlines the general guidelines under which lenders need to complete the Annual Report. For many lenders, the 2021 Annual Report will feel like a whole new world for one of two reasons.
Housing Wire
OCTOBER 11, 2021
Changing environmental conditions will put 13.6 million residential properties at risk of flooding in 2051, an increase of 1.2 million over the next 30 years, according to a report published Monday by the nonprofit group First Street Foundation. The survey evaluates the flood risk across five categories: residential properties, roads, commercial properties, critical infrastructure, and social infrastructure.
Appraisal Buzz
OCTOBER 11, 2021
Click through to learn which factors are at play when it comes to current shifts in forbearance rates and exits. The post Forbearance Exits Hit Highest Pace in More Than a Year appeared first on DSNews. The post Forbearance Exits Hit Highest Pace in More Than a Year appeared first on Appraisal Buzz.
JMV Lending
OCTOBER 11, 2021
The WSJ had this front page headline today: Low Appraisals Upend Home Sales. And, I thought – where have you been, WSJ? Then, I thought… I should blog about this b/c agents can share this with clients – as a great way to warn them about potential appraisal issues. I also wanted to touch on […]. The post WSJ: “Low Appraisals Upend Home Sales” appeared first on JVM Lending.
Appraisal Buzz
OCTOBER 11, 2021
Rising interest rates are already creating ripples in the housing market as rate lock volume fell throughout the month of September according to Black Knight’s latest originations report. “According to our OBMMI daily interest rate tracker, interest rates rose throughout much of September, with the average conforming 30-year offering climbing 16 basis points to hit 3.2% by month’s end,” said Black … The post Rate Lock Volume Falls 10% in September appeared first on theMReport.com.
Realtor
OCTOBER 11, 2021
The gulf between contract prices and appraised values highlights the risks to buyers in the current market, especially those stretching their budgets to win a bidding war. The post Soaring Home Prices Are Roiling Appraisals and Upending Sales appeared first on Real Estate News & Insights | realtor.com®.
Appraisal Buzz
OCTOBER 11, 2021
Former HUD Deputy Secretary Brian D. Montgomery looks back over a long career in public service and shares the key lessons he’s learned along the way. The post A Storied Career: The Life and Times of Brian D. Montgomery appeared first on DSNews. The post A Storied Career: The Life and Times of Brian D. Montgomery appeared first on Appraisal Buzz.
Appraiserblogs
OCTOBER 11, 2021
The ASC Wants And Has The Funds To Make USPAP Free! And More! This press release is seismic for appraisers so please read it: Press Release: Appraisal Subcommittee (ASC) Board Approves Fiscal Year 2022 Budget of $9M including nearly $5M in Grant and Technical Assistance Funding With the context of TAF’s bat-s**t crazy letter, here are some key changes in the relationship between TAF and ASC: ASC wants USPAP to be free, enable diversification of the ASB and AQB which are NOT diversified and never
Appraisal Buzz
OCTOBER 11, 2021
Those in the market seeking an affordable house will be hard-pressed to find anything in their budget as low inventory continues to push prices skyward. According to HouseCanary, a real estate valuation brokerage whose team of economists regularly researches and reports industry trends, there were 287,468 new listings added to the market in September, a 14% decrease since September 2020.
GoForrmz
OCTOBER 11, 2021
Stop by our virtual booth and tune in to our Q&A discussion with Aldridge Electric, at Groundbreak 2021 We are thrilled to once again be sponsors of Procore’s Groundbreak event. This year, we will not only be exhibiting at a virtual booth, but will also be hosting a Q&A session alongside our customer guest, Patrick Laud of Aldridge Electric.
Appraisal Buzz
OCTOBER 11, 2021
Those in the market seeking an affordable house will be hard-pressed to find anything in their budget as low inventory continues to push prices skyward. According to HouseCanary, a real estate valuation brokerage whose team of economists regularly researches and reports industry trends, there were 287,468 new listings added to the market in September, a 14% decrease since September 2020.
Valuation Review
OCTOBER 11, 2021
Does the current state of the appraisal industry deter new people from wanting to join the profession? Veteran appraiser Tim Anderson (“The Appraiser’s Advocate”) says it is not likely the current state of the industry is the deterrent. Rather, the long lead time that it takes to earn a state-certification, the regulations under which appraisers operate, as well as the ubiquitous and constant threat of state sanction from state appraisal boards may be deterrents.
Appraisal Buzz
OCTOBER 11, 2021
MReport speaks with lending experts about the benefits of challenges facing depository lenders vs. nonbanks. The post Putting Lending Under the Microscope appeared first on theMReport.com. The post Putting Lending Under the Microscope appeared first on Appraisal Buzz.
BiggerPockets
OCTOBER 11, 2021
Avery Carl is the go-to contact for short-term rental investing. Her business, The Short Term Shop and The Mortgage Shop not only helps find properties and secure loans for prospective […].
Appraisal Buzz
OCTOBER 11, 2021
In the latest installment of DS5: Inside the Industry, we’re speaking with Janet Loriot, EVP, The Financial Institution Group, SWBC. The post DS5: The Future of Self-Service Collections appeared first on DSNews. The post DS5: The Future of Self-Service Collections appeared first on Appraisal Buzz.
Valuation Review
OCTOBER 11, 2021
Fortuna Credit launched a platform it said will transform the online lending marketplace and empower non-prime consumers to take control of their financial health. Operating online in all 50 states, Fortuna Credit is a multi-lender marketplace connecting consumers to financial services tailored to their unique needs.
Appraisal Buzz
OCTOBER 11, 2021
Janet Loriot, EVP, The Financial Institution Group, SWBC, speaks with DS5 about what happens when the market shifts. The post DS5: The Other Side of the Housing Boom appeared first on theMReport.com. The post DS5: The Other Side of the Housing Boom appeared first on Appraisal Buzz.
Valuation Review
OCTOBER 11, 2021
Recently, the Federal Housing Finance Agency (FHFA) announced Fannie Mae and Freddie Mac (the Enterprises) will submit equitable housing finance plans to FHFA by the end of 2021. The Enterprises will update these plans annually.
Appraisal Buzz
OCTOBER 11, 2021
Check out the DS News Webinar Series’ recent lineup of presentations, including insights from Freddie Mac, Incenter, Radian, and Sagent. The post Industry Webinar Spotlight: MBS, Servicing, and REO Expectations appeared first on DSNews. The post Industry Webinar Spotlight: MBS, Servicing, and REO Expectations appeared first on Appraisal Buzz.
Valuation Review
OCTOBER 11, 2021
The Land Trust Alliance, a national land conservation organization, applauded the House Ways and Means Committee’s vote to advance the Charitable Conservation Easement Program Integrity Act as part of reconciliation legislation. Land Trust Alliance President and CEO Andre Bowman said, “the time has come to stop abuse that has dragged on for years.
Lamacchia Realty
OCTOBER 11, 2021
BUYING YOUR FIRST 2ND HOME. People purchase a second home for a multitude of reasons. Some are looking to have a home in a different climate, some are looking to have a home in the spot they’ve always vacationed, and some want another home closer to family. In fact, roughly 5.1 million people own a second home and with more work from home flexibility for employees , that number will only increase.
Valuation Review
OCTOBER 11, 2021
Gridiron Capital, LLC recently announced that one of its portfolio companies, Class Valuation, acquired Pendo Management, LLC. This move took place prior to Class Valuation’s recent acquisition of DataMaster. Read on for more details.
Eppraisal
OCTOBER 11, 2021
Home buyers and owners have the challenge of acquiring and managing what will likely be the most expensive asset they will ever own. An intelligent approach to this involves careful monitoring of cash flow and an accurate assessment of home value. Getting the best deal on a home mortgage is central to keeping monthly outflow in check. How can you know what the best deal is?
Valuation Review
OCTOBER 11, 2021
CoreLogic has completed its acquisition of Next Gear Solutions, a market leader in digital workflow platforms and solutions for the property restoration industry. The combination of Next Gear and CoreLogic’s Claims Connect platforms, gold standard property data and analytics, and tools provides insurance carriers and contractors a compelling choice to enhance and transform the claims experience for policyholders, according to CoreLogic.
Housing Wire
OCTOBER 11, 2021
Now that we are heading toward the end of 2021, what can we say about the U.S. housing market this year? No question it has been another year of ups and downs with seemingly conflicting data, which could indicate a coming boom or a bust depending on how you decide to parse it. If we stick to the facts, however, we can glean a few important take-homes as to what risks the housing market faces for 2021 and beyond.
GoForrmz
OCTOBER 11, 2021
Reduce your construction operation’s reliance on physical documentation and streamline your daily workflows with digital data capture Burdened by obsolete, manual tools that hinder productivity, construction field teams often find themselves excluded from the digital advancements enjoyed by other industries. These manual processes not only generate costly delays and mistakes but also create tension between field and office teams, who must collaborate on a day-to-day basis – a challenge when rely
Housing Wire
OCTOBER 11, 2021
As the refi boom declines – taking the intense production volume of 2020 and early 2021 with it – and we move to a more purchase-heavy market, lenders are seeing a decline in profit margins and an increase in origination expenses. According to the Mortgage Bankers Association , independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $2,023 on each loan originated in Q2 2021, down from a reported gain of $3,361 per loan in Q1 2021.
Appraisal Buzz
OCTOBER 11, 2021
Finance of America Mortgage LLC (FAM), a Finance of America Companies Inc. mortgage originations subsidiary, has announced an interim increase in estimated 2022 conforming loan amounts to $625,000 for conventional single-family loans. It is also allowing higher limits for high-cost areas and homes with additional units. The change, which goes into effect across all of FAM’s lending channels, comes ahead of the November announcement on conforming loan limits from the Federal Housing Finance Agenc
Expert insights. Personalized for you.
545 
Let's personalize your content