Housing Wire
APRIL 8, 2022
It’s a depressing combination. A stunning rise in mortgage rates, historically low levels of inventory , and skyrocketing housing prices are fueling consumer pessimism. Fannie Mae ‘s Home Purchase Sentiment Index, which tracks the housing market and consumer confidence to sell or buy a home, dropped by 2.1 points to 73.2 in March from the previous month.
Appraisal Buzz
APRIL 8, 2022
Current CEO Hugh Frater to retire, and will be replaced on an interim basis by President David Benson, while Fannie Mae Board Chair Sheila Bair steps down, and will be replaced by ex-Wells Fargo head Michael Heid. The post Fannie Mae CEO Frater to Retire, Board Chair Bair Resigns appeared first on DSNews. The post Fannie Mae CEO Frater to Retire, Board Chair Bair Resigns appeared first on Appraisal Buzz.
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Housing Wire
APRIL 8, 2022
This week’s HW+ member spotlight features Eric Lapin, who was recently appointed chief strategy officer at FormFree. Tapping into more than 25 years of experience, Lapin will strategically identify and execute growth opportunities at FormFree to drive the company forward. Prior to joining FormFree, Lapin served as first vice president of corporate development, national agency services, at Old Republic Title , and has also held leadership positions at Altisource , Black Knight , First American an
Appraisal Buzz
APRIL 8, 2022
Shayna Arrington of The Money Source discusses how the servicing industry has handled the array of pandemic-related rules and regulations, and how collaboration has made the servicing space a better place. The post Navigating Compliance in a Shifting Servicing Space appeared first on DSNews. The post Navigating Compliance in a Shifting Servicing Space appeared first on Appraisal Buzz.
Housing Wire
APRIL 8, 2022
Fannie Mae ’s CEO, Hugh Frater, and Sheila Bair, the chair of its board, both announced they will resign from the mortgage finance behemoth May 1. Antony Jenkins, who is currently vice chair of the board’s nominating and corporate governance committee, will also resign May 1. Fannie Mae’s president, David Benson, will serve as interim CEO and board member, starting May 1, although that decision is subject to approval by Fannie Mae’s conservator, the Federal Housing Finance Agency.
Appraisal Buzz
APRIL 8, 2022
Shayna Arrington of The Money Source discusses how the servicing industry has handled the array of pandemic-related rules and regulations, and how collaboration has made the servicing space a better place. The post Navigating Compliance in a Shifting Servicing Space appeared first on DSNews. The post Navigating Compliance in a Shifting Servicing Space 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
APRIL 8, 2022
The latest iteration of Fannie Mae’s Home Purchase Sentiment Index (HPSI) for March decreased by 2.1 points to 73.2 as rising mortgage rates and the general condition of the housing market pushed consumers to be more pessimistic about the market overall. As a whole, four of the six major HPSI components fell month-over-month, which comes … The post Fannie Mae’s HPSI Shows High Consumer Pessimism appeared first on DSNews.
Housing Wire
APRIL 8, 2022
Deephaven Mortgage hired Anthony Gulotta to lead wholesale sales on the East Coast, the non-QM lender announced this week. Gulatta, based in Charlotte, will work to build the lender’s presence with mortgage brokers on non-agency products. “Anthony combines a strong understanding of the business opportunities for mortgage brokers with a dedicated focus on education and client support,” John Keratsis, president and CEO of Deephaven Mortgage, said in a statement.
Appraisal Buzz
APRIL 8, 2022
Additional American Rescue Plan funds have been granted by HUD to Fair Housing Initiatives Program agencies to fight pandemic-related housing discrimination practices. The post HUD Releases Nearly $3.3M to Fight Housing Discrimination appeared first on DSNews. The post HUD Releases Nearly $3.3M to Fight Housing Discrimination appeared first on Appraisal Buzz.
Eyes on Housing
APRIL 8, 2022
According to the latest May 2021 Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $49,070 and the top 25% make at least $75,820. In comparison, the U.S. median wage is $45,760, while the top quartile (top 25%) makes.
Appraisal Buzz
APRIL 8, 2022
Additional American Rescue Plan funds have been granted by HUD to Fair Housing Initiatives Program agencies to fight pandemic-related housing discrimination practices. The post HUD Releases Nearly $3.3 Million to Fight Housing Discrimination appeared first on DSNews. The post HUD Releases Nearly $3.3 Million to Fight Housing Discrimination appeared first on Appraisal Buzz.
Mashvisor
APRIL 8, 2022
If you’re looking for new places to invest in 2022, continue reading to discover the fastest growing rental markets in the US. Table of Contents Where Is Real Estate Booming?
Appraisal Buzz
APRIL 8, 2022
Fannie Mae ’s Home Purchase Sentiment Index (HPSI) decreased by 2.1 points to 73.2 in March, as consumers continue to express pessimism regarding the trajectory of mortgage rates and homebuying conditions generally. Overall, four of the index’s six components decreased month over month, including the components asking consumers whether they expect mortgage rates to go up and whether they believe it’s a good time to buy a home.
Housing Wire
APRIL 8, 2022
Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. Can this last? No, it can’t. In time, markets always find balance and balance is a good thing. But, that doesn’t mean housing is going to crash. One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy.
Appraisal Buzz
APRIL 8, 2022
Larry Cordell, SVP, Risk Assessment, Data Analysis, and Research Group, and Xudong An, AVP, Supervision, Regulation, and Credit, both of the Federal Reserve Bank of Philadelphia, speak about foreclosure trends as borrowers continue exiting forbearance. The post The Exchange: The Way Forward appeared first on DSNews. The post The Exchange: The Way Forward appeared first on Appraisal Buzz.
Mortgagebroker News
APRIL 8, 2022
The company is placing feedback front and centre in its bid to serve its broker partners
BiggerPockets
APRIL 8, 2022
Today’s episode is all about understanding yourself. Nick Baumgart, an Enneagram expert, explains how to use the information from the Enneagram in your everyday life. The Enneagram test is used […].
Mortgagebroker News
APRIL 8, 2022
Some proposed measures were long overdue, while others impact consumers' interests
Lamacchia Realty
APRIL 8, 2022
April 8 – One of our Braintree area REALTORS®, Nicole Vermillion, was recently featured on WBZ | CBS Boston discussing the effects of the rising mortgage rates on the current real estate market. She mentions specifically how the rising rates could reduce buyer power and bring some calm to the frenzied market that has been the norm for the last several months.
Mortgagebroker News
APRIL 8, 2022
Some regions are faring significantly better than others, RBC analyst says
Eppraisal
APRIL 8, 2022
This year's federal income taxes are due on Monday, April 18, 2022 and many of us are scrambling to submit them on time. If you are a homeowner, there are tax deductions and credits that you may benefit from. A great resource to consider is a video on Realtor.com from February 17, 2022. Home values have been rising at historical rates. If you sold your home in 2021, you may be eligible for a capital gains tax deduction if you sold your home for a profit.
Mortgagebroker News
APRIL 8, 2022
Average foot traffic volumes are at their highest since pre-pandemic levels
Mashvisor
APRIL 8, 2022
Relying on a real estate investing app can have a significant impact on your decision-making process and help you generate higher profits.
Mortgagebroker News
APRIL 8, 2022
Housing project to add much-needed supply to the Powassan region
Mashvisor
APRIL 8, 2022
Is investing in Airbnb Phoenix Arizona in 2022 worth it? If you think this is a lucrative business to try, read this article to the end.
Housing Wire
APRIL 8, 2022
Mortgage Coach and ReverseVision introduced an online program that allows loan originators to give consumers a comparison of how reverse mortgages perform against traditional mortgages over the lifetime of the loan. Dubbed Reverse TCA, the integrated presentation will enable all loan officers to educate consumers with borrowing terms for reverse mortgages and features such as flexible disbursement options in comparison to traditional mortgages, Mortgage Coach, a fintech focused on attracting and
Appraisal Buzz
APRIL 8, 2022
On April 6-7, the Five Star Institute held its annual Single-Family Rental Summit at the historic Statler Hotel, deep in the heart of Downtown Dallas. The summit brought together industry executives, agents, and investors for a day full of panels, lectures, and networking on all topics related to single-family rentals and the industries that surround … The post Single-Family Rental Summit Unites Investors, Stakeholders appeared first on DSNews.
Housing Wire
APRIL 8, 2022
The pace of deals in the private-label securities market has started to slow as the second quarter of the year gets underway and interest rates continue their upward climb — with rising inflation and the war in Ukraine, which is impacting supply chains, helping to fuel uncertainty over the future. . That’s what it looks like to some of the experts behind the scenes who are responsible for rating and conducting due diligence on private label securities (PLS) offerings.
Housing Wire
APRIL 8, 2022
Freddie Mac’s headquarters in Washington, D.C. Freddie Mac has unveiled its third credit risk transfer offering of the year through its Structured Agency Credit Risk (STACR) program. This latest transaction will bring the total note issuance so far in 2022 through STACR to $5.1 billion secured by single-family mortgage reference loan pools valued in total at $121.5 billion.
Housing Wire
APRIL 8, 2022
In June 2021, the Supreme Court of the United States ruled that President Joe Biden had the authority to oust the head of the Federal Housing Finance Agency (or FHFA), which oversees the government-sponsored enterprises (or GSEs) Fannie Mae and Freddie Mac. And within hours, he did just that , moving Trump-appointed Mark Calabria from the seat and instating Sandra Thompson in his stead.
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