Housing Wire

MARCH 23, 2022

Seeking business growth in the current rising rate environment, originators are contemplating the benefits of adding reverse mortgages to their product mix. HousingWire recently spoke with David Peskin, president of Reverse Mortgage Funding, who said entering the reverse mortgage business could allow originators to break into a growing market with significant demand that is largely untapped.

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Appraisal Buzz

MARCH 23, 2022

Fannie Mae has announced the execution of its second and third Credit Insurance Risk Transfer (CIRT) transactions of 2022. As part of Fannie Mae’s ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2022-2 and CIRT 2022-3 together transferred $1.8 billion of mortgage credit risk to … The post CIRT Transfers Nearly $2B of Mortgage Credit Risk To Insurers appeared first on DSNews.

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Insurance Mortgage Appraisal Marketing 195

Housing Wire

MARCH 23, 2022

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products. The new REMIC, Mill City Loan Holdings LLC , will serve as a mortgage conduit for funds managed by CarVal while also developing relationships with originators to acquire “residential mortga

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Appraisal Buzz

MARCH 23, 2022

The level of commercial/multifamily mortgage debt outstanding during the final three months of 2021 was $287 billion (7.4%) higher than at the end of 2020, according to the Mortgage Bankers Association ‘s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report. MBA’s report found that total mortgage debt outstanding rose by 2.9% ($116.0 billion) in fourth-quarter 2021.

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Mortgage Appraisal 195

Housing Wire

MARCH 23, 2022

Interest in residential mortgage loans fell 8.1% for the week ending March 18 as mortgage rates rose to 4.5%, the highest level in years, according to the Mortgage Bankers Association ‘s latest survey. “The jump in rates comes as markets moved to price in a much faster pace of rate hikes, as well as expectations of fewer MBS purchases from the Federal Reserve ,” Joel Kan, associate vice president of economic and industry forecasting for the MBA, said in a statement.

Mortgage 365

Mortgage Government Contracts Marketing 365

Appraisal Buzz

MARCH 23, 2022

Freddie Mac announced that Wendell Chambliss, a 20-year veteran of the company, has been appointed Senior VP and Chief Diversity and Inclusion Officer (CDIO). In this newly created role, Chambliss will be responsible for programs and initiatives to bring greater diversity, equity, and inclusion (DEI) to the company and housing industry. He will serve as … The post Wendell Chambliss Named Senior VP and CDIO appeared first on DSNews.

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Appraisal Buzz

MARCH 23, 2022

As new home sales experienced a decline in February, the 20.4% rise in building materials year-over-year is being passed on to the consumer and pricing many out of the market. The post First-Time Buyers Continue to Feel Impact of Supply Chain Issues appeared first on DSNews. The post First-Time Buyers Continue to Feel Impact of Supply Chain Issues appeared first on Appraisal Buzz.

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Supply Chain Buyers Appraisal Marketing 195

Housing Wire

MARCH 23, 2022

Houses. Add Homepoint to the list of lenders entering the non-QM market in 2022 amid a fall in origination volume. . The wholesale lender is preparing to launch two non-qualified mortgage products this year, including bank statement and investor cash flow loans. “We’re currently in the process of assessing our entry point into non-QM loans.

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Marketing Investors Real Estate Insurance 345

George Dell

MARCH 23, 2022

AVMs (Automated Valuation Models) are often touted as something appraisers should understand and do more of. This is a problem of words. “AVM” is not descriptive of a formula to calculate value. It is an industry. Each company in the industry does use algorithms, formulas, and calculations to predict (estimate) value. The use of the […]. The post AVMs, Algorithms, and Models?

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Housing Wire

MARCH 23, 2022

The HousingWire award spotlight series highlights the individuals who have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Marketing Leaders award are now open through Friday, March 25, 2022. Click here to nominate someone you know — it can even be you! As the housing market continues to move from last year’s refinance boom, lenders’ ability to identify customers and maintain consumer relationships has become more important than ever in not only securing l

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Finance Loan Officers Lending Housing Market 302

Appraisal Buzz

MARCH 23, 2022

[link]. Today’s Buzzcast interview is with Randy Kozlowski, Executive of Customer Success at CoreLogic. We sat down with Randy and Joan Trice, Founder of Allterra Group, LLC to discuss their recent report (can be found here ) on current market conditions and property tax delinquencies. What is the CoreLogic Property Tax Delinquency Report? What does this report mean for the appraisal industry?

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Property Taxes Appraisal Marketing 195

JMV Lending

MARCH 23, 2022

I lived in the same neighborhood for over 20 years and did hundreds of loans within the area – so I knew every nuance of the area. As a former appraiser and armed with my extensive neighborhood knowledge, I was often shocked by how wrong Zillow’s estimates were. Here are some of the things Zillow […]. The post #1 Factor Zillow Estimates Get The Most Wrong (Why We Need Appraisers) appeared first on JVM Lending.

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Appraisal Buzz

MARCH 23, 2022

New home sales in February were at a seasonally adjusted annual rate of 772,000, down 2.0% compared with January and down 6.2% compared with February 2021, according to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development. Lack of inventory, rising home prices and rising mortgage rates combined to slow new home sales – but demand remains strong for now.

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Inventory Development Appraisal Mortgage 150

GoForrmz

MARCH 23, 2022

Document automation that will transform your small business Having a small business means that your team has to wear many hats. Relying on your team for mundane administrative tasks (like the filing, storage, and processing of paper documents) is an inefficient use of their time. Paper forms leave your team bogged down with manual data entry which can lead to inaccurate reporting.

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Business Legal 113

Appraisal Buzz

MARCH 23, 2022

Mary Costello has joined FormFree , a provider of credit decisioning solutions, as director of vendor management, risk and compliance. Costello is a 17-year veteran of the finance industry. Prior to joining FormFree, she served 14 years at Veterans United Home Loans, where she developed, launched and led the enterprise-wide vendor management program for the largest U.S.

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Finance Development Appraisal 150

McKissock

MARCH 23, 2022

When it comes time to tackle the more tedious tasks that are associated with being a real estate agent, procrastination is common. To successfully face your procrastination woes, you need to go about completing these jobs with a plan. Whether it’s redesigning your website or scheduling out social posts for the week, nearly all agents have something lingering on their to-do list.

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Real Estate Agent Real Estate Agents Business 78

Appraisal Buzz

MARCH 23, 2022

Paul Yarborough recently joined Cherry Creek Mortgage as vice president of IT operations. Yarborough brings an abundance of knowledge and experience to his new role, having spent over 20 years managing cross-functional IT operations groups and ensuring the compliance and stability of infrastructure systems. He most recently served as director of global IT infrastructure and cloud at Sitel Group, a global customer service and technical support provider.

Mortgage 150

Mortgage Appraisal 150

Lamacchia Realty

MARCH 23, 2022

CONVERTING A MULTI-FAMILY TO CONDOS. Owners of multi-family properties may at one point realize that they have the potential to convert to condos. Either the owner wants to keep one for themselves and unload the rest, or they need to sell all of it, but wants to maximize their profit on the sale. A two family, for example, turned into two condominiums would increase the value of the property and theoretically sell for more than if the owner sold the property as-is.

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Appraisal Buzz

MARCH 23, 2022

The PAVE Action Plan is aimed at advancing equity in the appraisal process and promoting generational wealth creation through homeownership. The post New Biden Plan Seeks to Eliminate Bias in Home Lending and Appraisals appeared first on DSNews. The post New Biden Plan Seeks to Eliminate Bias in Home Lending and Appraisals appeared first on Appraisal Buzz.

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Mashvisor

MARCH 23, 2022

Investing in Airbnb Sisters Oregon in 2022 seems like a good prospect. What does the data actually say? There are many ways of making money in real estate.

Investing 69

Investing Real Estate Investors Marketing 69

BiggerPockets

MARCH 23, 2022

On Wednesday, March 16, 2022, the Federal Reserve announced it would be raising interest rates for the first time since 2018. While the 25 basis point hike (one basis point=0.01%) […].

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Real Estate Investors 67

Mashvisor

MARCH 23, 2022

Reonomy offers real estate data and market intelligence to its users. Is the information helpful though to all investors or just commercial ones?

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Real Estate Investors Marketing Tools 68

National Association of Realtors

MARCH 23, 2022

REALTORS® are committed to upholding fair housing laws in all real estate activities, including appraisals.

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Appraisal Law Realtors Real Estate 79

Mortgagebroker News

MARCH 23, 2022

The program failed in its objective of giving more Canadians an effective avenue to home ownership, mortgage industry group says

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Buyers Mortgage 69

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. Recently, I downgraded the housing market from an unhealthy housing market to a savagely unhealthy housing market, something I discussed with HousingWire Editor in Chief Sarah Wheeler on our recent podcast.

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Mortgage Inventory Housing Market Construction 483

Mashvisor

MARCH 23, 2022

The Denver housing market has performed exceptionally well in 2021 but will it continue to be scorching hot in 2022?

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Housing Market Investors Marketing Investing 67

Mortgagebroker News

MARCH 23, 2022

The MERIX Cashback Mortgage offers homebuyers cashback funds up to 5% with Adjustable Rate Mortgage options

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Mortgage 67

Housing Wire

MARCH 23, 2022

United Wholesale Mortgage ( UWM ), the nation’s largest wholesale lender, announced on Wednesday a new product that will qualify borrowers for investment properties based on the monthly rental income, rather than the their current income. This is the second new non-QM product the Pontiac-based lender has launched this month – the wholesale lender also unveiled a bank statement loan product for self-employed borrowers.

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Real Estate Investors Investing Finance 384

Mortgagebroker News

MARCH 23, 2022

A major driver is steady growth in average home prices, according to the national statistics agency

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Mortgage 68

BiggerPockets

MARCH 23, 2022

Forty real estate deals is a lot, especially for an experienced investor. How many people do you know that have done forty flips, wholesale deals, or own over forty rentals? […].

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Real Estate Investors 49

Mortgagebroker News

MARCH 23, 2022

Many Canadians face a lack of transparency when it comes to the potential of unexpected repairs

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Buys Brokers Only LLC

MARCH 23, 2022

The average rate for a 30-year, fixed-rate mortgage hit 4.72 percent on Tuesday, March 22, 2022, moving 26 basis points higher since Friday, according to Mortgage News Daily.

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Mortgagebroker News

MARCH 23, 2022

The Bank described the crisis as a "major new source of uncertainty" in its last statement

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Clear Capital

MARCH 23, 2022

Story by Tony Cantu for MPA. Last year’s acquisition of CubiCasa by Clear Capital, a national real estate valuation technology company, was just one step in the firm’s overall mission to modernize the appraisal process, a top official told Mortgage Professional America. “We’ve been on a multi-year journey – certainly in earnest over the past three years – to modernize and digitize the appraisal process,” Kenon Chen, executive vice president of corporate strategy, told MPA.

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