Thu.Jan 13, 2022

Mortgage rates see sizable increase

Housing Wire

The average 30-year fixed rate mortgage increased to 3.45% during the week ending Jan. 13, up from 3.22% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.79%.

Skepticism Can Lead to Poor Decisions

Cleveland Appraisal Blog

Are you a skeptical person? At times, I suffer from moments of skeptical thinking. If you’re an appraiser, like I am, the nature of our work can at times cause us to become skeptical. A homeowner or agent may appear to exaggerate information they share about a home.

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What are the drivers of housing demand in 2022?

Housing Wire

This article is part of our Housing 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event.

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Pat Dodd Named Interim President and CEO of CoreLogic

Appraisal Buzz

Pat Dodd has been appointed interim president and CEO of CoreLogic , replacing Frank Martell, who will assume the position of non-executive chairman of the board. Dodd joined CoreLogic in Sept. 2020 and has served as the company’s chief operating and growth officer. “By

Supreme Court orders review of recession-era class action against Rocket

Housing Wire

The Supreme Court weighed in on a class action lawsuit against Quicken Loans , now Rocket Mortgage , regarding its appraisal practices during the financial crisis, delivering a procedural win for the mortgage lender.

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ATTOM’s Data Shows a Large Drop in U.S. Foreclosures

Appraisal Buzz

ATTOM , licensor of foreclosure data and parent company RealtyTrac , an online marketplace for foreclosure and distressed properties, has released its Year-End 2021 U.S. Foreclosure Market Report.

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Generation Gaps: How Housing Priorities Vary Among Cohorts

Appraisal Buzz

Parking, outdoor space, and pet-friendly homes top the priority list for consumers looking to buy and relocate. Here’s what else a new report reveals. The post Generation Gaps: How Housing Priorities Vary Among Cohorts appeared first on DSNews.

What will servicing look like in 2022?

Housing Wire

The number of homeowners still in forbearance plans has been declining as foreclosure moratoriums expire. HousingWire recently spoke with Joe Davila, president and CEO of Selene Finance , about how servicers can best help homeowners with next steps as they exit forbearance plans.

Refinances, Renovations Expected to Increase in 2022

Appraisal Buzz

Some 72% of homeowners are considering renovations or upgrades to their home, and 37% are seeking to apply for home refinance. A new report digs into what generational cohorts are planning and prioritizing when it comes to housing.

Understanding Realogy’s stance on commissions

Housing Wire

When Missouri federal judge Stephen Bough unsealed a sworn declaration last week from Coldwell Banker CEO Ryan Gorman in a sprawling antitrust lawsuit about real estate commissions, it prompted disquiet among real estate agents, including those who work at Gorman’s company. “My

New American Funding Names Christine Obermayer VP of Retention

Appraisal Buzz

Loan and sales expert to implement foundations and strategies to further strengthen retail retention for top mortgage lender. The post New American Funding Names Christine Obermayer VP of Retention appeared first on theMReport.com.

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What happens when forbearance ends?

Housing Wire

This video is part of our HousingWire 2022 forecast series. After the series wraps in January, join us on February 8 for the HW+ Virtual 2022 Forecast Event.

Foreclosure Activity Drops to All-Time Low

Appraisal Buzz

ATTOM, along with its subsidiary RealtyTrac, has released its year-end 2021 Foreclosure Market Report which has found that there was a total of 151,153 properties with foreclosure filings against them over the course of the year, down 29% from 2020 and down 95% from a peak of 2.9

Top 10 ‘Hot Markets’ for 2022? Eight Are in Fla.

Empire Appraisal Group

Top 10 ‘Hot Markets’ for 2022? Eight Are in Fla. By Kerry Smith. A hotness study of U.S. metros – defined as days on market, sales above list price and sale-to-list price ratio – finds 8 are in Fla., and 7 of 10 are in SW Fla. ORLANDO, Fla. –

Examining Lingering Housing Inequities

Appraisal Buzz

Applying for a mortgage is one of the most invasive applications most will ever fill out in their lifetimes; getting denied because of simple omission can be common and can set the process back by weeks.

What Different Denial Rates Can Tell Us About Racial Disparities in the Mortgage Market

Urban

Identifying disparities and their causes can lead to strategies to help people get over financing barriers, address the legacies of racist policies and practices, and tap into the security and wealth-building power of homeownership

What Factors Are Holding Back Black Homeownership?

Appraisal Buzz

Applying for a mortgage is one of the most invasive applications most will ever fill out in their lifetimes; getting denied because of simple omission can be common and can set the process back by weeks.

Federal government set to shake up down payments - report

Mortgagebroker News

Feds mulling increases on down payment or restrictions on funding sources

Freddie Mac: Fixed-Rate Mortgage Averages Increase from 3.22% to 3.45%

Appraisal Buzz

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.45%.

When will the Bank of Canada raise interest rates?

Mortgagebroker News

Economist shares thoughts

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Thompson Testifies Before Senate Banking Committee

Appraisal Buzz

Acting FHFA Director Sandra L. Thompson spoke before the Senate Banking Committee pending confirmation as Director of the Agency. The post Thompson Testifies Before Senate Banking Committee appeared first on DSNews.

Commercial mortgages – what will happen in the space this year?

Mortgagebroker News

Challenges for specific asset classes will see possibilities elsewhere, according to veteran

Mortgage Rates Take Giant Step to Kick Off New Year

Appraisal Buzz

Inflationary concerns, spurred by continued labor and supply chain issues, forced mortgage rates to jump by 0.23% this week, as rates rose across all mortgage loan types. The post Mortgage Rates Take Giant Step to Kick Off New Year appeared first on theMReport.com. The post Mortgage Rates Take Giant Step to Kick Off New Year appeared first on Appraisal Buzz. Around The Web

What's the key to competing in the private lending space?

Mortgagebroker News

Leading Ottawa-based MIC has the pedigree to stand above the rest

[Press & News] GoFormz Launches Digital Forms Solution on Acumatica Marketplace

GoForrmz

GoFormz and Acumatica customers can now leverage a direct integration between their GoFormz digital forms and Acumatica records SAN DIEGO, CA — January 13, 2022 — GoFormz (www.goformz.com), the leading mobile forms and data capture platform today announced it has launched an integration with Acumatica, the world’s fastest-growing cloud ERP company.

Luxury market sees record-breaking 2021 performance across the board

Mortgagebroker News

Find out what the major drivers of strength were

WARNING: Scammers Taking Thousands from Home Buyers!

Lamacchia Realty

WARNING: SCAMMERS TAKING THOUSANDS FROM HOME BUYERS!

Edmonton gets new housing supply boost

Mortgagebroker News

Two new affordable housing projects to come with more than 100 new residential units

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Adding Value to Your Home - Updating Your Kitchen (Part 4 of a 5 part series)

Eppraisal

The kitchen is undoubtedly one of the most important and most used rooms in your home. You spend much of your day in the kitchen preparing, cooking and sharing meals with family and entertaining friends.

Winnipeg to see new infusion of much-needed housing supply

Mortgagebroker News

This is the latest in a series of affordable housing investments in Manitoba

Tenant Screening: Why Checking a Tenant’s Rental History Report Matters

BiggerPockets

A prospective tenant’s rent references can tell you a lot about their rental history. And, checking a rental history report as part of the screening process is just as vital as verifying a prospective tenant's credit history, employment, and income. Here's why. Landlording & Rental Properties landlord property management real estate investing real estate investor tenant

CIBC on 2022 employment and purchasing-power prospects

Mortgagebroker News

The evolving pandemic situation continues to have a major influence on market dynamics, CIBC says

BiggerPockets Money Podcast 266: Finance Friday: How to Pay Off Bad Debt + When Is Life Insurance Worth It?

BiggerPockets

Bad debt is more common than it seems. Many people you know have a car loan, personal loan, credit card loan, or some other form of high(er) interest debt. If […]. BiggerPockets Money Podcast

DLC announces final results of its substantial issuer bid

Mortgagebroker News

The bid amounted to an aggregate not exceeding $11.25 million

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