Housing Wire
MARCH 31, 2022
Are we headed to a housing bubble? The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. Housing Bubble. The online reaction was immediate — housing must be about to crash. I disagree with this conclusion. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble.
Appraisal Buzz
MARCH 31, 2022
Driven by strong demand and limited inventory, U.S. home prices increased 1.6% on an adjusted basis in January and were up 19.2% compared with January 2021, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. The index’s 10-city and 20-city composites, measuring home price growth in the 20 largest U.S. metros, both posted month-over-month increases of 1.8%.
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Housing Wire
MARCH 31, 2022
Mortgage rates keep climbing amid rising inflation , war in Ukraine, and disruptions to the supply chain, and there’s no sign that they’ll fall anytime soon. The latest weekly Freddie Mac PMMS mortgage survey, released Thursday, showed that the average purchase mortgage rate touched 4.67%, up 25 basis points from the week prior. That was the highest reading since December 2018, according to Freddie Mac.
Appraisal Buzz
MARCH 31, 2022
Luana Slettedahl has joined BlackFin Group , a management consulting firm serving the banking and mortgage industries, as a principal. Slettedahl has 40 years of diversified experience in capital markets, mortgage servicing rights, GSE and Ginnie Mae relationship management and seller/servicer requirements. She previously worked for Acorn Mortgage Consulting, where she served as president.
Housing Wire
MARCH 31, 2022
Oregon State Rep. Mark Meek. Mark Meek doesn’t know what comes next. “Right now, we are working in a really strong seller’s market and say a seller gets four offers that are identical, but they all include love letters, then the seller ends up picking on personal preference,” said Meek, the Oregon state representative and practicing real estate broker, adding that, “We have implicit biases weighing in on the decision-making process.”.
Appraisal Buzz
MARCH 31, 2022
Eric Lapin has joined FormFree , a provider of automated verification solutions, as chief strategy officer. Lapin has more than 25 years of experience in leadership roles at marquee mortgage technology firms and financial institutions. Previously, he served as first vice president of corporate development, national agency services, at Old Republic Title, where he spearheaded the structuring of new solutions, corporate alliance building, and lender and agency business development.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
MARCH 31, 2022
The Oakleaf Group has named Suzanne Mistretta as director of modeling and analytics. Founded in 2007, Oakleaf is a data, modeling, capital markets, loan review and risk advisory firm for the mortgage and financial services industries. Prior to joining Oakleaf, Mistretta worked for Fitch Ratings where she held several leadership roles, most recently leading the U.S.
Housing Wire
MARCH 31, 2022
As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. HousingWire: How is the shift from refi to purchase affecting the non-QM market? Bao Huynh: In terms of borrower demand for non-QM, it’s still a little early to tell.
Appraisal Buzz
MARCH 31, 2022
Intercontinental Exchange Inc. is launching its first mortgage futures contracts on June 13, 2022, subject to regulatory approval. The two futures contracts will be cash-settled and based on the ICE U.S. Conforming 30-year Fixed Mortgage Rate Lock Index and the ICE U.S. Jumbo 30-year Fixed Mortgage Rate Lock Index. The indices are published daily and track U.S. residential mortgage loan applications where borrowers and lenders have committed to lock-in the interest rate prior to.
Housing Wire
MARCH 31, 2022
Brena Nath, Director of HW+ and Events. From the cover feature on Finance of America’s Patti Cook to the commentaries and solutions that focus on the title space, our April issue highlights just how much the housing and real estate industries have grown and changed — and changed for the better as innovation and technology drive the space forward. Starting on page 24, you can read about Cook’s retirement announcement at the start of this year, as she steps away from her role as CEO.
Appraisal Buzz
MARCH 31, 2022
BLOG VIEW: Over the past decade, California courts – both state and federal – have struggled with the question of whether, and to what extent, a lender or loan servicer could be liable for negligence handling a borrower’s loan. Nowhere has this struggle been more aggressive than in connection with loan modifications. The California Supreme Court, in a hotly contested case – for which Wright, Finlay & Zak was pleased to submit an amicus.
Housing Wire
MARCH 31, 2022
Over the last 20 years, finding a home and applying for a mortgage have become highly digitized. However, the actual home buying transaction experience all the way through closing has been essentially untouched even though consumers cite it as one of the most stressful and confusing parts of the homebuying journey. The team at Qualia recognized that the siloed nature of the transaction was a big part of what was leading to these issues.
Appraisal Buzz
MARCH 31, 2022
Tapped to head up Pretium’s Leveraged Loan and Collateralized Loan Obligation business, Christina O’Hearn will work to broaden and strengthen the company’s relationships industrywide. The post Christina O’Hearn Joins Pretium as Managing Director appeared first on DSNews. The post Christina O’Hearn Joins Pretium as Managing Director appeared first on Appraisal Buzz.
Housing Wire
MARCH 31, 2022
The title process is complex and time-consuming, with points of friction that can increase time-to-close for lenders and borrowers. In today’s competitive market, lenders are focused on decreasing turn times and providing a better borrower experience. The two companies featured in this section offer solutions to reduce application-to-close times and friction as well as increase transparency in the title process.
Appraisal Buzz
MARCH 31, 2022
Another day, another housing record broken. Realtor.com has released new information showing that home prices have hit another record high—$405,000—for the first time in March 2022. But as prices rise, demand is beginning to moderate according to Realtor.com. In addition to new construction rates being at a 16-year high, they expect inventory rates to reach … The post Median Listing Price Balloons to $405,000 appeared first on DSNews.
Housing Wire
MARCH 31, 2022
HW Media CEO Clayton Collins is joined by Jim Rosen, vice president of product management at Mortgage Cadence , to discuss the challenges facing lenders in the LOS landscape, and how an LOS-first approach solves for them. In all aspects of the industry, lenders are feeling the effects of the shift from the previous years’ refi boom to today’s purchase market.
Appraisal Buzz
MARCH 31, 2022
In light of a difficult housing market filled with high home prices and low supply, Discover Home Loans issued a survey to better understand homeowners’ attitudes towards home improvements, purchasing and refinancing. According to its survey, Discover found 79% of homeowners would rather renovate their current home than move to a different one. “In some … The post Homeowners Look to Renovate Than Relocate appeared first on DSNews.
DW Slater Company
MARCH 31, 2022
March Newsletter- Spring in North Texas. The signs of spring are here in North Texas. The weather is beginning to warm and there are buds on the trees, like this redbud tree outside our office window. Not only do we see new growth, but we also see weather instability and more severe storms that we must watch out for. Last week our area experienced severe weather and a tornado outbreak.
Appraisal Buzz
MARCH 31, 2022
Ally Home , the residential mortgage lending arm of Ally Bank, has expanded its services into Massachusetts, Vermont and Virginia. Currently available in 46 states and the District of Columbia, Ally also plans to complete Ally Home’s nationwide rollout by adding service in Hawaii and New Hampshire this spring, followed by Nevada and New York by the end of the year. “The past few years have brought unprecedented challenges for prospective homebuyers as they continue.
Eyes on Housing
MARCH 31, 2022
Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in 2021 as the economy continued recover from the COVID-19 crisis. According to the U.S. Bureau of Economic Analysis (BEA), the percent change increase in real GDP ranged from 8.6 percent in Tennessee to 0.3 percent in Alaska. Nationwide, growth in real GDP, measured on a.
GoForrmz
MARCH 31, 2022
GoFormz digital forms will streamline your practice’s administrative tasks From document management to working closely with clients, administrative teams face a vast variety of tasks throughout the day. Paper-based offices add unnecessary layers of frustration, often involving demanding hand-delivery, manual processing, intensive record-keeping, and wasted time.
Mashvisor
MARCH 31, 2022
If you’re thinking about investing in real estate, you should check this comprehensive Roofstock Academy review to see if it fits your needs. Table of Contents What Exactly Is Roofstock?
BiggerPockets
MARCH 31, 2022
Passive income is a must, especially if you’re trading your life in America to start living in Portugal. Why Portugal? Besides the climate, coastline, and comfortable cost of living, Portugal […].
Mashvisor
MARCH 31, 2022
With the real estate industry managing to bounce back during the past decade, it stands as one of the best ways to secure your financial future.
BiggerPockets
MARCH 31, 2022
No money down real estate investing usually sounds too good to be true. It seems almost impractical that someone without much experience, money, or property can secure cash-flowing rentals without […].
Mashvisor
MARCH 31, 2022
Real estate investors are always searching for a new, profitable, investment location. This is why we are recommending Airbnb Palm Springs.
BiggerPockets
MARCH 31, 2022
I’m excited to share my experience on this topic because hiring is one of the areas where so many people get stuck. First, I want to make an important distinction. […].
Mashvisor
MARCH 31, 2022
Family time rentals are getting more and more popular these days thanks to the greater ease of travel restrictions and lockdowns.
Mortgagebroker News
MARCH 31, 2022
New bill is expected to be a significant step towards resolving Ontario’s perennial housing supply issues
Housing Wire
MARCH 31, 2022
The rate volatility that has gripped the economy since the start of the year and caused the mortgage-origination market to stumble is taking a toll on the private-label securitization market as well. Fast rising rates — the 30-year fixed rate is up nearly a point-and-half since the start of the year — have blunted mortgage originations, particularly refinancing, and by extension the loan volume available for securitization pipelines.
Mortgagebroker News
MARCH 31, 2022
Inflationary pressures have a disproportionate impact on the sector, new survey suggests
Clear Capital
MARCH 31, 2022
Story by Joe Burns for FinLedger. Clear Capital , a national real estate valuation company, announced today the launch of two desktop appraisal products, according to a press release shared with FinLedger. The two products, Desktop Appraisal and Desktop Data Collection , are both aligned with standards recently established by GSEs Fannie Mae and Freddie Mac.
Mortgagebroker News
MARCH 31, 2022
Frothy supply-demand dynamics will eventually hit the wall, analyst says
Housing Wire
MARCH 31, 2022
Congress hopes to supplant the appraisal governing body at the center of the industry’s self-regulated framework and make public the trove of appraisal data held by the government-sponsored enterprises. A draft discussion bill circulated this week, sponsored by House Financial Services Chairperson Maxine Waters (D-CA), would strike the Appraisal Foundation , and replace it with an independent federal agency.
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