Tue.Apr 26, 2022

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The crypto-mortgage is the new kid on the block

Housing Wire

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints.

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Time to Break Out the Saddle!

The Appraiser Coach

Let’s talk about ponies. No, not the hairy little animals that run around your yard and play with your kids. This pony is an acronym, spelled POINII. You’ve heard me. Read More.

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CFPB’s Chopra has answers on appraisals, mortgage servicers, credit scoring

Housing Wire

Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra provided updates on the watchdog agency’s housing-related priorities in testimony before the Senate Banking Committee. Chopra said the CFPB would still be watching mortgage servicers, as it has repeatedly promised, to make sure they are not “cutting corners.” The watchdog agency will also be working with other federal agencies to intervene in policies and regulation that could impact mortgage lenders and residential appraisers.

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What’s New in Appraisal Membership: April 2022

Appraisal Buzz

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership?

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Rocket offers voluntary buyouts to 8% of workforce

Housing Wire

Rocket Companies CEO Jay Farner. Even the biggest mortgage players aren’t immune to the effects of higher rates and tight housing inventory. Rocket Companies , the parent of Rocket Mortgage and Amrock Title , said late Monday that it would be offering buyouts to 8% of its staff at its mortgage operations and title teams. The company has roughly 26,000 employees , spread across its headquarters in Detroit and in Cleveland.

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RiskSpan Debuts New Mortgage Servicing Rights Application

Appraisal Buzz

Mortgage fintech leader RiskSpan has added a mortgage servicing rights (MSR) application to its on-demand analytics Edge Platform. The application expands RiskSpan’s loan-level mortgage analytics to MSRs, an asset class whose cash flows have previously been challenging to forecast at the loan level. Unlike conventional MSR tools that assume large numbers of loans bucketed into “rep lines” will perform identically, the Edge Platform’s granular approach makes it possible to

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InstaMortgage, Calque Offer Non-Contingent Lending Using Homeowners’ Equity

Appraisal Buzz

InstaMortgage , a tech-driven mortgage lender licensed in 26 states, has partnered with Calque to offer a Trade-In Mortgage for mortgage lending. It empowers homeowners to use the equity in their current home to buy their next home with the Trade-In Mortgage. Unlike other buy-first mortgage lending solutions, homeowners can choose their own real estate agent and work with InstaMortgage to make a new-home purchase using a conventional 80% loan without selling their existing home.

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Judge’s ruling: it’s heartland homeowners v. NAR

Housing Wire

The U.S. residential real estate economy as we know it is far from cooked, but a judge has turned on the front burner. Stephen Bough, a judge for the federal court in Kansas City, Missouri certified a class action lawsuit in a written ruling Friday that makes “hundreds of thousands” of U.S. housing consumers the plaintiff in a now potentially historic case.

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Supply Chain Issues Impeding Builder Progress

Appraisal Buzz

The sale of new homes dipped in March with builder confidence diminishing, as builders continued to struggle to complete homes under construction due to a shortage of materials. The post Supply Chain Issues Impeding Builder Progress appeared first on DSNews. The post Supply Chain Issues Impeding Builder Progress appeared first on Appraisal Buzz.

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Hsieh stepping back to be loanDepot’s executive chairman

Housing Wire

Nonbank heavyweight loanDepot announced on Tuesday changes in its top management, with founder and chairman Anthony Hsieh no longer leading daily operations. He will instead take a more strategic leadership role in the company. Hsieh, who is also the loanDepot’s main shareholder , will be the executive chairman, responsible for guiding the company’s strategy.

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Blend’s Three New Products Help Lenders with Closing Solutions

Appraisal Buzz

Blend , a cloud banking provider, has released three new eClosing products to provide borrowers with a fully online mortgage closing experience, in addition to helping lenders compete by shortening closing cycles and lowering error rates. The new solutions include Blend eVault, a repository of electronic promissory notes available through the platform; Blend Signing Room, Blend’s remote online notarization (RON) solution; and Blend RON Eligibility Engine, which provides RON-eligibility informati

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Refuting the Negative Race Bated Accusations

Appraiserblogs

We will sink under the weight of all the so-far unproved accusations. Appraisers, Tobias J. Peter, Assistant Director, AEI Housing Center Research Fellow, American Enterprise Institute (AEI), has weighed in on all the negative press and faulty ‘studies’ (by both GSE’s and others) that have been promulgated about how appraisers, as a whole, have systemic racism built-in when doing property inspections and appraisal reports.

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RiskSpan Launches Cloud-Based MSR Application

Appraisal Buzz

New offering brings on-demand, loan-level cash flow forecasting to the MSR market. The post RiskSpan Launches Cloud-Based MSR Application appeared first on DSNews. The post RiskSpan Launches Cloud-Based MSR Application appeared first on Appraisal Buzz.

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ProTip: Use Logic To Move Documents In A Process-Oriented Flow

GoForrmz

Implement Logic within existing workflows to streamline the completion of common tasks and critical procedures using mobile forms GoFormz empowers teams to easily configure Automated Workflows to address their specific business needs. These workflows provide a unique opportunity to establish process-oriented flows to streamline the completion of common tasks and critical procedures.

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Affordability and the Impact of Remote Work on Housing Preferences

Appraisal Buzz

One thousand people took part in Fannie Mae’s third quarter 2021 National Housing Survey and reported back that affordability and remote work are still very much important to members of all demographics and age groups. The survey was conducted by Fannie Mae’s Economic and Strategic Research Group with the help of ReconMR and Dynata, who placed … The post Affordability and the Impact of Remote Work on Housing Preferences appeared first on DSNews.

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What’s New in Appraisal Membership: April 2022

McKissock

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership?

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Florida, Texas, Most Likely to see Flood Insurance Hikes

Appraisal Buzz

It seems that the Federal Emergency Management Agency Risk Rating 2.0, which is changing up where and how much people are being charged for flood insurance, is impacting Texas and Florida the hardest. FEMA’s Risk Rating 2.0 raises flood insurance premiums on those who depend on NFIP to protect their homes from natural disasters through … The post Florida, Texas, Most Likely to see Flood Insurance Hikes appeared first on DSNews.

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The 2022 Investor’s Guide to Buying Properties on HUDHomeStore

Mashvisor

If you’ve decided that you want to invest in real estate, buying your investment property from the HUDHomeStore website is a viable option.

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Steven Plaisance: Home Affordability Must Be Addressed

Appraisal Buzz

PERSON OF THE WEEK: Steven Plaisance is the president of mortgage banking for Gateway First Bank. He is also currently serving as the chairman of the Mortgage Bankers Association’s Mortgage Action Alliance (MAA). MortgageOrb recently interviewed Plaisance to gain his perspective on why advocacy and adaption are important to succeeding in the mortgage industry.

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Top 7 Qualities of the Best Real Estate App for Property Investors

Mashvisor

Different real estate investors tend to form different opinions about which app is the best real estate app for their investing needs.

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loanDepot Names Frank Martell as New President, CEO

Appraisal Buzz

Frank Martell is joining loanDepot Inc. ’s (LDI) management team as its new president and CEO, a newly created role within the firm. Martell has also been appointed to the LDI board of directors. In addition, LDI founder and chairman Anthony Hsieh has been named executive chairman of the company. “From our beginning, as a de novo start up in 2010, we have always made bold and timely decisions,” says Hsieh. “We built ourselves during.

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How to Use Rental Data to Find an Investment Property

Mashvisor

In real estate investing, rental data is such a necessity that any investor will go to any length to access the latest information.

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The impact of rising rates

Mortgagebroker News

With interest rates set to increase in the year ahead, the demand for alternative lending will grow, says Steven Tulman

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Rental Scams: How Landlords Can Spot and Avoid Them

BiggerPockets

Landlords have had to deal with fake tenant applications for years. But rental scam artists upped their game and have gotten increasingly sly in their attempts to evade background checks […].

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The power of referral: How one company is empowering agents through training

Mortgagebroker News

Referral Mortgages has placed training and education front and centre in its agents' success

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Gang Houses, Animals, and 17 Units by Capitalizing on Properties People Avoid

BiggerPockets

Someone has to step up to the plate when a challenge presents itself, and today’s guest always does. Tammy Skeath began her real estate journey in 2018, and despite being […].

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FSRA on new education requirements for Ontario agents

Mortgagebroker News

The regulatory body has revealed a new licensing class for agents dealing in private mortgages

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The 4-1-1 on Heat Pumps

Will Springer Realtor

Everyone should do their part to cut our carbon footprint and live more sustainably. One of the more common steps to take is to update a home’s heating and cooling system with an electric heat pump – a great way to reduce a household’s reliance on natural gas, oil or propane. A heat pump is a bit of a misnomer because it helps to efficiently deliver both warm and cool air to the home.

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House prices soaring amid continued low supply-high demand

Mortgagebroker News

The first quarter saw the highest gain on record since the index began

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New Home Sales Slid in March as Affordability Concerns Kicked In

Appraisal Buzz

New home sales are often a good barometer of the housing market because, if completed new homes aren’t moving, it probably means buyers are facing affordability constraints and market corrections are looming. In March, sales of new single?family homes fell 8.6% compared with February, to an annual rate of 763,000, according to estimates from the U.S.

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OSFI reveals the biggest financial system risks for 2023

Mortgagebroker News

Operational risk management will be prioritised this fall

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New Home Sales Fall on Higher Rates

Eyes on Housing

New single-family home sales declined in March as mortgage rates jumped to the highest levels since the start of the pandemic. Per Freddie Mac, the 30-year fixed rate mortgage was 3.89 at the end of February and had climbed to 4.67 at the end of March. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated.

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Habitat for Humanity completes 62-unit housing project in Haultain Crossing

Mortgagebroker News

"This is the National Housing Strategy at work"

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