Fri.Nov 12, 2021

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NAR says it’s doing what it can on housing discrimination

Housing Wire

A National Association of Realtors (NAR) committee head recommended Friday that the federal standards governing real estate appraisals loosen up. Namely, appraisers should no longer have to partake in a two-year apprentice program as part of their licensing process. Francois Gregoire, an appraiser in St. Petersburg, Florida, and head of NAR’s Real Property Valuation Committee, pointed specifically to the apprentice training requirement – no comparable requirement exists for real estate agents –

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New Mortgage Consultancy Launched by Industry Veteran Brian Hale

Appraisal Buzz

Brian Hale, a seasoned mortgage industry executive with over 40 years of experience, has launched a new consultancy business, Mortgage Advisory Partners (MAP). MAP’s focus is on the mortgage industry including mortgage bankers, mortgage brokers, banks, home builders and Realtors to improve their mortgage-related businesses. The firm’s partners work with executive leadership to develop strategies to assist mortgage-related companies with navigating the challenges of operating and growing their bu

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The title insurance industry has a talent problem

Housing Wire

Shannon Foglia Brandy was pretty certain she wanted a career in public relations, but after a summer internship before her senior year at Bryant University, she began considering a career in the field of title insurance. “I was looking to come home and do an internship over the summer, and nothing was really sparking my interest,” the New Hampshire native explained.

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Is Listing Your Home Soon a Good Idea?

Appraisal Buzz

Those who have sat on the sidelines over the last few months and held out on selling their homes are increasingly looking to get into the market, a move that could pay off big for buyers and sellers alike. According to a new survey from Realtor.com, homeowners who plan to sell are in an “extremely advantageous” position due to the fact that the market is currently seeing houses receive … The post Is Listing Your Home Soon a Good Idea?

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Watchdog finds CFPB quality management program lacking

Housing Wire

A report found deficiencies in the Consumer Financial Protection Bureau ’s (CFPB) quality management program for its supervision activities. The quality management program at the division of supervision, enforcement and fair lending (SEFL) often takes a backseat to overseeing financial institutions’ compliance with federal law, according to a November report from the Office of Inspector General for the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau.

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Mortgage Rates Are Actually Much Higher; Forbearance and Foreclosure Updates

Appraisal Buzz

Several sources for mortgage rate data are doing consumers a major disservice this week. At least two of them are claiming that the average top tier 30yr fixed rate is still under 3.00%. It’s not. One disclaimer right up front: different companies have different rate-quoting policies. Even within the same company, borrowers can typically opt for different combinations of rates and fees.

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More Trending

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Active Forbearance Numbers Continue To Drop

Appraisal Buzz

For the first time since the start of the COVID-19 pandemic, the number of homes in a forbearance plan has fallen below the 2% mark. According to Black Knight’s McDash Flash daily mortgage performance dataset, which covers more than 197 million home loans and home equity data on more than 27 million loans and lines of credit, the number of loans in active forbearance fell by 123,000 or 10.8%. … The post Active Forbearance Numbers Continue To Drop appeared first on DSNews.

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Construction Layoff Rate Dives

Eyes on Housing

The labor market continues to tighten. In the September BLS Job Openings and Labor Turnover Survey (JOLTS) data, the national number of job quits for all sectors (4.4 million) was up 34% year-over-year as worker churn accelerates. Total national job openings stands at 10.4 million. What had been, in prior years, a challenge in certain sectors, like construction, continues as.

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Regions Bank Hires Todd Jarman as VP

Appraisal Buzz

Regions Bank on Monday announced Todd Jarman has joined its Income Property Finance group as senior vice president overseeing production offices in Atlanta, Birmingham, Charlotte, Chicago and Washington, D.C. From these offices, experienced Regions personnel serve real estate clients throughout the Southeast, Mid-Atlantic and Midwest. Each team provides financial solutions to regionally and nationally focused funds, property owners, and developers … The post Regions Bank Hires Todd Jarman

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Appraisal Education: What to Expect

McKissock

Interested in pursuing an appraisal career or advancing your career in the appraisal profession? Education plays a crucial role along the road to becoming a licensed appraiser and beyond. McKissock is proud to be a leader in education for real estate appraisers. In this article, we outline the different stages of appraisal education, different learning options available, how to get started, and where to find resources and helpful info.

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Mortgage Credit Availability Ticked Upwards in October

Appraisal Buzz

Lending standards loosened, driven by an increase in conventional mortgage credit, as well as an expansion in agency programs for ARMs and high-balance loans, according to a new report. The post Mortgage Credit Availability Ticked Upwards in October appeared first on theMReport.com. The post Mortgage Credit Availability Ticked Upwards in October appeared first on Appraisal Buzz.

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Airbnb Rental Arbitrage: The Complete Guide

Mashvisor

One way for real estate investors to start their portfolio is through Airbnb rental arbitrage. Our guide discusses how you can do this.

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Advances in Title Tech Expedites Loss Mitigation Decisioning

Appraisal Buzz

DSNews examines how breakthroughs in title technology are playing a vital role in the management of loans in default (Sponsored Content). The post Advances in Title Tech Expedites Loss Mitigation Decisioning appeared first on DSNews. The post Advances in Title Tech Expedites Loss Mitigation Decisioning appeared first on Appraisal Buzz.

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Rookie Podcast 130: Rookie Reply: How to Spot Scam Wholesale Deals

BiggerPockets

This week’s question comes from Rob on the Real Estate Rookie Facebook Group. Rob is asking: How do I make sure a wholesaler that is sending me deals is not […].

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Adam O’Daniel Joins Open Mortgage as SVP of Marketing

Appraisal Buzz

Mortgage lender adds new head of marketing to optimize the firm’s brand strategy, advertising, social media, media relations, and communications outreach. The post Adam O’Daniel Joins Open Mortgage as SVP of Marketing appeared first on theMReport.com. The post Adam O’Daniel Joins Open Mortgage as SVP of Marketing appeared first on Appraisal Buzz.

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5 Winter home improvements we could be making this season

Berkshire Hathaway

1. Revisit your lighting! You are going to be spending a lot more time inside, invest in some energy-saving lightbulbs to save you money this winter! Additionally, address if you enjoy the lighting in your home currently. Make sure that you find the lighting pleasant and that offers you the proper lighting for how you are utilizing the space. A bonus for yourself could be investing in a few sun lamps since you won’t be seeing the sun as often!

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The Week Ahead: Examining Pandemic-Related Housing Disruption Among the Races

Appraisal Buzz

In an upcoming virtual presentation, the Harvard Joint Center for Housing Studies will explore new housing barriers created by the pandemic for Blacks, Hispanics, and Asians in the U.S. The post The Week Ahead: Examining Pandemic-Related Housing Disruption Among the Races appeared first on theMReport.com. The post The Week Ahead: Examining Pandemic-Related Housing Disruption Among the Races appeared first on Appraisal Buzz.

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Should you update your gas stove?

Berkshire Hathaway

Are you considering doing home renovations and want to evaluate all your options? There are a lot of factors to consider when making larger financial investments in your home such as updating appliances. So, let’s break down the benefits and withdraws between gas and electric appliances. Our first consideration, safety! Often, we forget to consider what our appliances can be doing to our air quality.

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Appraisal Education: What to Expect

Appraisal Buzz

Interested in pursuing an appraisal career or advancing your career in the appraisal profession? Education plays a crucial role along the road to becoming a licensed appraiser and beyond. McKissock is proud to be a leader in education for real estate appraisers. In this article, we outline the different stages of appraisal education, different learning options available, how to get started, and where to find resources and helpful info.

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MPC announces newly elected board of directors

Mortgagebroker News

New executives take the reins for the organization's next steps in the industry

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The Week Ahead: Charting a Course to Success in 2022

Appraisal Buzz

Managing assets and discovering new sources of income in a variable market will be the focus of an upcoming webinar on avoiding the ups and downs of the distress industry. The post The Week Ahead: Charting a Course to Success in 2022 appeared first on DSNews. The post The Week Ahead: Charting a Course to Success in 2022 appeared first on Appraisal Buzz.

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What impact will rate hikes have on Canada's housing market?

Mortgagebroker News

RBC senior economist on current risk levels on the housing and mortgage fronts

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More Looking to List Their Homes This Winter

Appraisal Buzz

Those who have sat on the sidelines over the last few months and held out on selling their homes are increasingly looking to get into the market, a move that could pay off big for buyers and sellers alike. According to a new survey from Realtor.com, homeowners who plan to sell are in an “extremely advantageous” position due to the fact that the market is currently seeing houses receive … The post More Looking to List Their Homes This Winter appeared first on DSNews.

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National Bank outlines the current state of housing affordability

Mortgagebroker News

All major markets saw major shifts in their housing affordability measures

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Remote work isn’t going anywhere. Should you move to a better location?

Cornerstone

Reading Time: 3 minutes. So much has changed within the last year. As many people discovered, the move to remote work impacted their home search, driving up demand for more home office space. For some professionals, transitioning to remote work presented an ideal opportunity, and they took advantage, buying a bigger house or even moving to a more desirable location.

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Client story: Bridging the gap with interim financing

Mortgagebroker News

HomeEquity Bank's CHIP Open offered seamless solution for senior homeowner

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What to Expect During an Appraisal

Eppraisal

Selling your home can be profitable in today's seller's market as home values have risen significantly this year. What's taken many sellers by surprise this year, however, is that some homes haven't been appraising due to these higher sales prices. Here are a couple of tips on what to expect during an appraisal. Who Orders the Appraisal? Your buyer's mortgage lender is the appraiser's client so your buyer's bank or mortgage company orders the appraisal.

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Avison Young on the Vancouver industrial segment's robustness

Mortgagebroker News

Investment activity and average lease rates reach record highs

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What else is happening in and around your Seattle?

Will Springer Realtor

The Neptune Hits 100 Happy 100 th birthday to The Neptune Theatre! Originally named the U-Neptune, the University District venue opened with the silent movie “Serenade” on Nov. 16, 1921. Hardly silent since, the Neptune has been home to thousands of film screenings, as well as live performances, dances and educational programs. Only a block north from the new UDistrict light rail station, why not revisit this recently renovated venue (and official city landmark) for a performance soon.

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Insolvency rate veering towards record lows – CAIRP

Mortgagebroker News

The decrease was seen in every Canadian region during the third quarter

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AN URGENT CALL FOR CHANGES TO ZONING LAWS

Will Springer Realtor

Zoning , the regulation of land use and structures, essentially dictates how and where we live – with near-unbridled discretion by local governments. Scholars have called the decades-long regulation a “straitjacket” on housing growth, an impediment to improving our personal and public economic health. In this monthly newsletter, we have called for a generational response to the housing shortage, particularly to address the near-absence of affordable homes.

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