Tue.Sep 20, 2022

Housing completion data is now savagely unhealthy

Housing Wire

Housing construction in the U.S. during the brief COVID-19 recession, to that recovery, and now in the new housing recession, is going to go down in history as one of those crazy data lines we lived through. Just to give you some perspective here, at the peak of 2005, we had about 2.24

Choosing comps in a changing market

Sacramento Appraisal Blog

I’ve been getting asked lots of questions lately about choosing comps since the market shifted. Here are some things people have been asking me.

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Fifth Third Bank unveils new warehouse lending business

Housing Wire

Cincinnati-based Fifth Third Bank NA, part of Fifth Third Bancorp, a regional lender with some $207 billion in assets, has launched a new warehouse-financing arm that will serve independent mortgage bankers.

The Mysterious “Company Policy”

The Appraiser Coach

Before the COVID-19 pandemic began, my daughter was doing some volunteer work in South America, helping people who have been rescued from the human trafficking industry. She was down there. Read More.

Angel Oak launches 6th securitization deal this year

Housing Wire

Atlanta-based non-QM lender Angel Oak Cos. through its mortgage-backed securities conduit Angel Mortgage Trust , has unveiled its sixth private-label securities (PLS) offering of 2022, even as fast-rising interest rates have jumped far ahead of the lower-rate legacy loans securing the deal.

FHFA Director Thompson Awarded Five Star’s Laura Maggiano Legacy Award

Appraisal Buzz

Other recipients included Auction.com’s Darcy Chapman, Lakeview’s Judith Tribble, and Freddie Mac’s Kate Mossop and Cecelia Raine. The post FHFA Director Thompson Awarded Five Star’s Laura Maggiano Legacy Award appeared first on theMReport.com.

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Five Star Foreclosure Lab Showcases Servicer, Government, Attorney Experts

Appraisal Buzz

The Foreclosure Lab delved into topics such as where the default industry is headed, how loan mods can assist homeowners, and streamlining attorney-servicer partnerships. The post Five Star Foreclosure Lab Showcases Servicer, Government, Attorney Experts appeared first on DSNews.

Housing starts rise in August even as builder confidence falls

Housing Wire

Even as homebuilder sentiment continued to slide in September, reaching its lowest level since May 2014, housing starts were on the rise in August, increasing 12.2% from July , according to a report released Tuesday by U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

SFR Roundtable Weighs in on Investment Climate, Market Conditions

Appraisal Buzz

As the second day of the 2022 Five Star Conference continued, experts from the SFR space gathered for this year’s installment of the Single-Family Rental Roundtable.

How one small lender is navigating the turbulent market

Housing Wire

Delray Beach, Florida-based mortgage lender ResMac, Inc. like many others, has trimmed its workforce so its cost structure is in line with reduced origination volume. The company is focused on expanding beyond residential loans amid a price war and surging rates.

Industry Experts Provide Insight on SFR Markets, Inflationary Pressures

Appraisal Buzz

As the second day of the 2022 Five Star Conference continued, experts from the SFR space gathered for this year’s installment of the Single-Family Rental Roundtable.

Mortgage rate volatility affecting pace of new home sales

Housing Wire

New home purchase applications in August were down year over year but rebounded after four consecutive months of declines despite higher mortgage rates, declining homebuilder sentiment and looming economic uncertainty, the Mortgage Bankers Association (MBA) said.

Diversity & Inclusion Symposium Showcases DEI Experts

Appraisal Buzz

As part of this year’s Five Star Conference & Expo, the American Mortgage Diversity Council helped host the latest iteration of the group’s recurring Diversity & Inclusion Symposium.

How to maintain loan quality in a rapidly changing market

Housing Wire

With so much changing in the market, it’s no surprise that the risk of mortgage fraud has increased this year. HousingWire recently spoke to Donna Gibson, COO and president of QC Ally, about fraud prevention and loan quality outlook for the rest of 2022.

The Mysterious “Company Policy”

Appraisal Buzz

Before the COVID-19 pandemic began, my daughter was doing some volunteer work in South America, helping people who have been rescued from the human trafficking industry. She was down there … Read More. The post The Mysterious “Company Policy” appeared first on Appraisal Buzz. Around The Web

Court shuts down alleged sham mortgage relief operation in California

Housing Wire

Law 289

Five Star Presents Annual Women in Housing Leadership Awards

Appraisal Buzz

The 11th Annual Women in Housing Leadership Awards event capped off the 2022 Five Star Conference and Expo, recognizing the achievements of businesswomen impacting the housing and mortgage servicing industry. The post Five Star Presents Annual Women in Housing Leadership Awards appeared first on DSNews. The post Five Star Presents Annual Women in Housing Leadership Awards appeared first on Appraisal Buzz. Around The Web

Housing Permits Fall Back Again in August

Eyes on Housing

In August, housing starts rebounded but housing permits declined for the second straight month.

Digital Solutions for Manufacturing HR Challenges

GoForrmz

HR teams deserve the best tools available to do their work well Human resources teams in every industry are held to a high standard.

What Is My Incentive?

Appraisers Blog

Why would I bother taking on the added risk of an inconvenient process? Where is my incentive again? As an appraiser, I have to ask (seriously) why should I care if the profession has a shortage of skilled appraisers? Logic dictates that If there is a shortage, then I will remain busy.

7 Benefits of Providing Appraisal Review Services

McKissock

A good appraisal review requires rigorous effort, including obtaining the necessary knowledge, skills, and experience required to review. As a reviewer, sometimes you must untangle conflicting data or rework poor methodology. Review assignments can be extremely complex and exceedingly time consuming.

Canada's inflation rate falls again

Mortgagebroker News

Annual price growth has now declined for two consecutive months

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How Long Does It Take to Sell a Home in Today’s Market?

San Jose Real Estate

For the homes which DO sell (and not all homes which are listed become sale pending), the average is in the 3-4 week range for them to sell in Silicon Valley (San Mateo and Santa Clara counties generally).

How are Canadians coping with plummeting housing affordability?

Mortgagebroker News

Homes are now less affordable than at any point in over three decades, research shows

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What Is A Final Inspection?

Birmingham Appraisal

A Closer Look At The Final Inspection. You may have heard of an appraisal inspection but what is a final inspection? Keep reading to find out the “second part” of the appraisal process for certain types of appraisals.

What's behind the rise of credit unions in Canada?

Mortgagebroker News

Loan originations by those lenders posted a noted increase this summer

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8 Things to Avoid After Applying for a Mortgage

Assurance Financial

After months of searching, you’ve finally found the perfect house. Congratulations on your exciting milestone! While you’re undoubtedly excited about this opportunity, it’s a good idea to be careful during this time to avoid jeopardizing your application approval.

Will a recession be necessary to cool inflation?

Mortgagebroker News

Six out of the eight surveyed believe it gets worse before it gets better

54

House Before Spouse: Single Women Are Buying More Homes Now Than Ever

BiggerPockets

A new trend in home buying shows women are ditching the traditional custom that marriage should precede homeownership. According to the National Association of Realtors, in 2021, single women made […]. Real Estate News & Commentary

Housing affordability is at its worst since the 90s bubble

Mortgagebroker News

Mortgages are now eating up almost half of household income

The Best Ways to Get Shade in Your Backyard

Eppraisal

Depending on the direction your house faces, chances are you may have some unwanted sun where you'd rather have shade. If your backyard has eastern exposure, you will have sun in the morning and early afternoon. Western exposure? You'll have sun in the afternoon and early evening.

Rental prices exhibit "outsized growth"

Mortgagebroker News

Find out how much rent has risen compared to a year ago

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Northwest MLS Unveils Changes to Compensation Guidelines

Will Springer Realtor

To improve consumer protections in real estate, owners who plan to sell their homes on the open market will establish compensation guidelines for both real estate brokers working on the transaction and their firms. That’s according to updated policies that take effect Oct.

Forum on Indigenous housing investments to be held in October

Mortgagebroker News

"An event like this is long overdue in the Atlantic region