Housing Wire
JANUARY 13, 2022
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%. The 15-year fixed rate mortgage averaged 2.62% last week, up from 2.43% the week prior. A year ago at this time, it averaged 2.23%.
Appraisal Buzz
JANUARY 13, 2022
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 every measure, CoreLogic delivered the best year in the Company’s history in 2021,” Martell says in a release.
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Housing Wire
JANUARY 13, 2022
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. On Monday, the Supreme Court remanded the class action to the United States Court of Appeals for the Fourth Circuit to reexamine its March decision in favor of borrowers.
Appraisal Buzz
JANUARY 13, 2022
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. It shows foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported on 151,153 U.S. properties in 2021, down 29% from 2020 and down 95% from a peak of nearly 2.9 million in 2010, to the lowest level since tracking began in 2005.
Housing Wire
JANUARY 13, 2022
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. HousingWire: More than one million borrowers are exiting forbearance plans.
Appraisal Buzz
JANUARY 13, 2022
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. The post New American Funding Names Christine Obermayer VP of Retention appeared first on Appraisal Buzz.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
JANUARY 13, 2022
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 million filings seen in 2010, to the lowest level seen since tracking began in 2005.
Housing Wire
JANUARY 13, 2022
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. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.
Appraisal Buzz
JANUARY 13, 2022
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. But according to the Home Mortgage Disclosure Act (HMDA), Black applicants are being rejected at a rate much higher than borrowers of other races. According to a … The post Examining Lingering Housing Inequities appeared first on DSNews.
Urban
JANUARY 13, 2022
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.
Appraisal Buzz
JANUARY 13, 2022
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. But according to the Home Mortgage Disclosure Act (HMDA), Black applicants are being rejected at a rate much higher than borrowers of other races. According to a … The post What Factors Are Holding Back Black Homeownership?
GoForrmz
JANUARY 13, 2022
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. With this integration, users can attach a form completed in GoFormz to an object within Acumatica, as well as map specific form data to Acumatica fie
Appraisal Buzz
JANUARY 13, 2022
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%. “Mortgage rates rose across all mortgage loan types, with the 30-year fixed-rate mortgage increasing by almost a quarter of a percent from last week,” says Sam Khater, Freddie Mac’s chief economist. “This was driven by the prospect of a faster than expected tightening of monetary policy in response to continued inflation exacerbated.
Empire Appraisal Group
JANUARY 13, 2022
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. – In a “hot” real estate market, listings sell quickly once they hit the market, they collect more offers above list price, and the amount above list price is higher than in cooler markets.
Appraisal Buzz
JANUARY 13, 2022
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. The post Thompson Testifies Before Senate Banking Committee appeared first on Appraisal Buzz.
Lamacchia Realty
JANUARY 13, 2022
WARNING: SCAMMERS TAKING THOUSANDS FROM HOME BUYERS! The internet complaint center of the Federal Bureau of Investigation has seen an almost three-fold increase in identified victims who have actually lost money since January 2015, and now that everyone has been operating at home for the last few years most transactions are virtual. Over the year, more and more instances have occurred in the real estate industry where buyers have wired funds, either for a purchase and sale deposit or closing fun
Appraisal Buzz
JANUARY 13, 2022
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.
Mashvisor
JANUARY 13, 2022
If you’re a buyer, and you want to buy a property but you don’t have enough credit score to qualify for a traditional mortgage, then seller financing might be for…
Appraisal Buzz
JANUARY 13, 2022
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. The post Generation Gaps: How Housing Priorities Vary Among Cohorts appeared first on Appraisal Buzz.
Mashvisor
JANUARY 13, 2022
2022 is THE year to invest in an Airbnb rental. To help you, we found the 10 best places to buy short term rental property in the US.
Appraisal Buzz
JANUARY 13, 2022
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. The post Refinances, Renovations Expected to Increase in 2022 appeared first on theMReport.com. The post Refinances, Renovations Expected to Increase in 2022 appeared first on Appraisal Buzz.
BiggerPockets
JANUARY 13, 2022
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.
Mashvisor
JANUARY 13, 2022
2021 was quite a fruitful year for short-term rental owners. Airbnb demand went 10% higher than the pre-pandemic rate in 2019.
BiggerPockets
JANUARY 13, 2022
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 […].
Mortgagebroker News
JANUARY 13, 2022
Challenges for specific asset classes will see possibilities elsewhere, according to veteran
Housing Wire
JANUARY 13, 2022
Another large mortgage-servicing rights bulk offering is on the market this week on the heels of a $10 billion MSR package that went out to bid earlier this month. . The latest deal is being marketed by New York-based Mortgage Industry Advisory Corp. , or MIAC. It is a $6.23 billion bulk-sale offering of agency MSRs, with bids due by Jan. 20. The seller is not identified.
Mortgagebroker News
JANUARY 13, 2022
Two new affordable housing projects to come with more than 100 new residential units
Eppraisal
JANUARY 13, 2022
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. As the world of work and education are changing, we often use our kitchen table to work from home or even remote learning for our children. There will come a day when you realize that the heart of your home is in need of an update.
Mortgagebroker News
JANUARY 13, 2022
Feds mulling increases on down payment or restrictions on funding sources
Cleveland Appraisal Blog
JANUARY 13, 2022
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. It could be with regards to improvements made to a property, minimizing a significant repair, or overblowing a minor repair.
Mortgagebroker News
JANUARY 13, 2022
This is the latest in a series of affordable housing investments in Manitoba
Housing Wire
JANUARY 13, 2022
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. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.
Mortgagebroker News
JANUARY 13, 2022
The evolving pandemic situation continues to have a major influence on market dynamics, CIBC says
Mortgagebroker News
JANUARY 13, 2022
Leading Ottawa-based MIC has the pedigree to stand above the rest
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