Housing Wire
JUNE 10, 2022
The Federal Reserve ’s (Fed) efforts to beat back inflation with its monetary tools have already shifted the winds in the secondary market for mortgage-backed securities (MBS). The Fed’s continuing effort to wind down its $2.7 trillion MBS portfolio helps fuel widening interest-rate spreads in the MBS market by creating additional MBS supply to be absorbed by investors.
Appraisal Buzz
JUNE 10, 2022
Homebot has integrated with Total Expert , a CRM and customer engagement platform for financial institutions. The integration automates client list management, allowing mortgage lenders to streamline the delivery of Homebot digests and develop customer relationships right away. “With the mortgage market rapidly changing, the consumer experience is more important than ever,” says Charlie Pratt, CEO of Homebot. “Allowing homeowners and homebuyers to engage with personalized educa
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Housing Wire
JUNE 10, 2022
Nonbank mortgage lender and servicer Ocwen Financial Corp. and its subsidiary PHH Mortgage agreed to pay more than $665,000 to settle multiple lawsuits filed last year by three cities in New York state regarding the maintenance of zombie properties. In 2016, New York passed a law establishing that lenders and servicers must inspect, secure and maintain zombie properties — which are defined as vacant and abandoned homes whose owners are behind on their mortgage payments. .
Appraisal Buzz
JUNE 10, 2022
Attorney Adam Diaz of Diaz Anselmo & Associates examines a recent case where the Eleventh Circuit Court of Appeals reversed a fair debt collections case involving a national mortgage servicer. The post Court Reverses Dismissal of Borrower’s Collections Claims Against Servicer appeared first on DSNews. The post Court Reverses Dismissal of Borrower’s Collections Claims Against Servicer appeared first on Appraisal Buzz.
Housing Wire
JUNE 10, 2022
Lenders and mortgage tech companies have been cutting costs in the down market , but some firms have hired new executives who they hope will provide better strategies to navigate the shrinking loan origination market. Motto Mortgage, a national mortgage brokerage franchise, and wemlo , a mortgage processing solution with an all-in-one digital platform, tapped Chris Erickson as vice president of product and strategy for both brands this week.
Appraisal Buzz
JUNE 10, 2022
Motto Mortgage, a national mortgage brokerage franchise in the U.S., and wemlo, a third-party mortgage processing solution with an all-in-one digital platform, announced it has appointed industry veteran, Chris Erickson, as VP of Product & Strategy for both brands. Erickson brings nearly two decades of experience in the financial services industry, previously serving as VP … The post Motto Mortgage; wemlo, Hire New Product & Strategy Talent appeared first on DSNews.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
JUNE 10, 2022
CoreLogic has released the CoreLogic Home Price Index (HPI ) and HPI Forecast for April 2022. Nationwide, home prices posted another record-high year-over-year increase in April, marking the 123rd straight month of gains. Rising mortgage rates drove buyer urgency and the resulting price growth, with about 70% of U.S. homes selling for more than asking price … The post Home Prices Up Nearly 21% Nationwide appeared first on DSNews.
Housing Wire
JUNE 10, 2022
What is the “American Dream?” The phrase is attributed to writer James Truslow Adams in the 1930s, who described it in part as an aspiration that “life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement.”. For many Americans, owning a home is a core component of the American Dream as a means to build wealth and financial security.
Appraisal Buzz
JUNE 10, 2022
CoreLogic has released the CoreLogic Home Price Index (HPI ) and HPI Forecast for April 2022. Nationwide, home prices posted another record-high year-over-year increase in April, marking the 123rd straight month of gains. Rising mortgage rates drove buyer urgency and the resulting price growth, with about 70% of U.S. homes selling for more than asking price … The post Home Prices Up Nearly 21% Nationwide appeared first on DSNews.
Housing Wire
JUNE 10, 2022
Finicity Mortgage Verification Services (MVS). Through its Mortgage Verification Services (MVS) product, Finicity’s open banking platform leverages high-value consumer-permissioned data directly from financial institutions and payroll processors to provide accurate, real-time insights for a GSE-accepted verification of assets, income and employment in a simple 1-touch experience.
Appraisal Buzz
JUNE 10, 2022
The U.S. Department of Housing and Urban Development (HUD) announced on Tuesday the implementation of new technology providing expanded information for those seeking assistance from a HUD-approved housing counseling agency. The technology includes an enhanced and easy-to-use online search capability and a new, toll-free automated telephonic information delivery system for those seeking contact information for … The post HUD Expands Housing Counseling Locator Tools appeared first on DSNews.
Housing Wire
JUNE 10, 2022
Touchless Lending. Touchless Lending is an AI-Powered Lending-as-a-service platform that provides end-to-end mortgage manufacturing. This one-of-a-kind software solution allows lenders to originate more mortgages at a faster rate, while also reducing costs. Loan officers, processors, and underwriters alike now have access to use Touchless Lending’s Optimized Workflows to engage with data and make decisions faster, instead of relying on physical documentation and manual data entry.
Appraisal Buzz
JUNE 10, 2022
Michelle Ceaser of SWBC details how to assist borrowers in navigating the loss draft process. The post Educating Borrowers on the Loss Draft Process appeared first on DSNews. The post Educating Borrowers on the Loss Draft Process appeared first on Appraisal Buzz.
Housing Wire
JUNE 10, 2022
This week’s HW+ member spotlight features Stacy Esser, founder and team leader at Stacy Esser Group/SEG Realty Keller Williams. Based in New Jersey, Esser and her team have been recognized as the No. 1 agent in Tenafly, New Jersey and the No. 1 agent for the Bergen County. Below, Esser answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why?
Appraisal Buzz
JUNE 10, 2022
Missing HUD deadlines can be costly; keeping track of them can be time-consuming. EXOS One Marketplace puts due dates and guidelines at your fingertips. The post Centralized HUD Timeline Management Speeds Asset Decisioning appeared first on DSNews. The post Centralized HUD Timeline Management Speeds Asset Decisioning appeared first on Appraisal Buzz.
Housing Wire
JUNE 10, 2022
Mortgage lenders Doorway Home Loans and Priority Mortgage Thursday announced a merger, the latest of many such deals made during a challenging mortgage market. The companies did not disclose the financial terms of the agreement. Both companies have more than 30 years of experience in residential direct lending, but want to expand market reach and create greater efficiency.
Eyes on Housing
JUNE 10, 2022
Consumer prices accelerated again in May as shelter, energy and food prices continued to surge at the fastest pace in decades. This marked the third straight month for inflation above an 8% rate and was the largest year-over-year gain since December 1981. Both energy and shelter index recorded their largest annual gains since September 2005 and February 1991.
Housing Wire
JUNE 10, 2022
Maxwell Point of Sale. Maxwell Point of Sale provides a modern mortgage experience for borrowers and lending teams. From application to closing, it delights borrowers with a seamless digital experience while automating LO workflows so they can close more loans faster. Everyday, 300+ lenders choose Maxwell to help them close loans 13 days faster. Product Fast Facts. #1.
Mashvisor
JUNE 10, 2022
Nowadays, most people look for passive income sources that may add to their regular income, increasing it little by little.
Housing Wire
JUNE 10, 2022
Chime. Chime’s all-in-one CRM and sales acceleration platform is designed to help real estate agents, teams, and brokerages close more deals faster. The platform combines IDX websites, lead generation, marketing automation, advanced lead management, and powerful AI to cost-effectively capture and convert leads into new business. Product Fast Facts. #1.
Mashvisor
JUNE 10, 2022
Finding a great rental property to invest in can be tough. Here, you will find the 10 best rental websites for real estate investors in 2022.
Housing Wire
JUNE 10, 2022
ClearCollateral ® Review. ClearCollateral ® Review is a highly efficient and intelligent automated underwriting review system that enables you to apply a risk-based approach to appraisal review and close more loans faster. The system centralizes all analytical tools and data required to review an appraisal and leverages machine learning to eliminate manual tasks, improving review quality and reducing the review effort by 50%.
East Coast Appraisal
JUNE 10, 2022
Real estate transactions typically involve hundreds of thousands of dollars. Most buyers opt to finance the purchase of a home through a mortgage lender. Lenders will usually require an appraisal to determine the value of the property before approving a mortgage loan. The appraisal process typically goes smoothly, but rapidly increasing property values and extreme competition within the real estate market have complicated the appraisal process in recent years.
Appraisal Today
JUNE 10, 2022
How can we fix the excess of appraisers? Too many appraisers? By George Dell, SRA, MAI. Easy — we do what we have always done, each time. Excerpts: 1) We will raise the standards (“cost of entry”). 2) We will make it harder to become an appraiser; 3) Let the lower fees discourage newcomer appraisers. In past issues of the Analogue Blog, we have considered the “five forces of friction” on the advancement of appraisal.
Mashvisor
JUNE 10, 2022
It takes more than just listing on Airbnb for a vacation rental business to thrive. You need to make your listing stand out from the rest.
BiggerPockets
JUNE 10, 2022
What is due diligence in real estate? If you ask most new investors, they’ll have some sense of what due diligence is, but may be confused about what it really […].
Mortgagebroker News
JUNE 10, 2022
Community Trust's Camelia Brisca on what it takes to help drive the success of the mortgage advisory team.
Appraisal Buzz
JUNE 10, 2022
The single-family home has been the main driver of wealth building among the middle class and that ideology has affected policy in one way or another in seeming every facet of the government. “Owning a home is undoubtedly an effective means of wealth building, including for households of color,” the Urban Institute said in a … The post Homeownership and the Racial Wealth Gap appeared first on DSNews.
Mortgagebroker News
JUNE 10, 2022
Some areas will require households to stockpile for 350 months just to afford down payment
Lamacchia Realty
JUNE 10, 2022
The cooler summer market is the adjustment that has been needed for over a year and a half. Change is not always welcome but this downshift in activity now is much better than the extreme frenzy we’ve been experiencing since COVID began. Think of it like this, it’s better to fill a cavity early than wait too long and need a root canal. A slight adjustment now is better than a major market adjustment years down the line.
Mortgagebroker News
JUNE 10, 2022
Rising rates pose a "clear and present danger to the teetering housing market," economist says
Eppraisal
JUNE 10, 2022
The real estate market is still hot and inventory of homes for sale is still low. With considerably more buyers than homes available for sale, many buyers are pulling every trick in the book to get sellers to choose their offers. Many sellers think they don't have to update or upgrade their homes in order to sell them. While this might be partially true, buyers will pay top dollar for homes that are upgraded, updated and have new features.
Mortgagebroker News
JUNE 10, 2022
It's a quick turn of events from the recent boom in house construction
BiggerPockets
JUNE 10, 2022
My friend, Ron, is a single-family developer on the East Coast. Ron has spent decades successfully developing subdivisions. He told me this shocking story the other day. He was planning […].
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