Tue.Mar 01, 2022

article thumbnail

Predicting housing price cycles isn’t so easy

Sacramento Appraisal Blog

Does the housing market really have price cycles? Yes. But these cycles aren’t always so rigid and perfectly predictable like so many people think they are. Let’s talk about this today. I’d love to hear your take also. UPCOMING PUBLIC SPEAKING GIGS: 3/15/2022 NARPM Luncheon (details) 3/22/2022 SAFE Credit Union market update (details) 4/28/2022 SAR […].

article thumbnail

UWM’s profits fall 54% in 2021 despite record production

Housing Wire

UWM’s headquarters in Pontiac, Michigan. United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, posted another record for production in 2021, but lower margins and declines in fair value of mortgage servicing rights impacted its earnings. The company reported on Tuesday $1.56 billion in profits in 2021, down 53.6% from the $3.38 billion registered in the previous year, which was the best in the history of the mortgage industry.

Retail 397
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Josh Pristaw Joins Pretium as Co-Head of Real Estate

Appraisal Buzz

SFR specialist adds 20-plus-year veteran who will join Dana Hamilton in managing Pretium’s real estate platform, including investing in and managing rental homes. The post Josh Pristaw Joins Pretium as Co-Head of Real Estate appeared first on DSNews. The post Josh Pristaw Joins Pretium as Co-Head of Real Estate appeared first on Appraisal Buzz.

article thumbnail

Veev raises $400M to scale tech-enabled homebuilding

Housing Wire

Veev , a California-based homebuilding company, announced raising a $400 million Series D led by BOND , according to a press release shared with FinLedger. The company says it will use the funding to scale its operations, accelerate its research and development and expand construction into new markets. LenX , Zeev Ventures and Fifth Wall also participated in the round, which brings Veev’s total funding to date to $600 million.

article thumbnail

UniversalCIS | Credit Plus Shifts Strategies with Rebranding as Xactus

Appraisal Buzz

UniversalCIS | Credit Plus, a verifications provider for the mortgage industry, has changed its name to Xactus. The strategic shift reflects the company’s evolution and the growth it has experienced over the last two years due to the recent mergers of Credit Plus, Universal Credit Services, CIS Credit Solutions, Avantus, DataFacts Lending Solutions and SharperLending.

Lending 195
article thumbnail

Are digital closings really worth it?

Housing Wire

Many lenders are familiar with digital closings (eClosings), but they might not know just how valuable they can be to their business. In a recent study , Marketwise and Notarize found that digital closings shorten the time it takes to close, reduce errors and increase ROI — all while improving customer experience. Lenders don’t have to offer a full digital close to reap the benefits of eClosings.

More Trending

article thumbnail

Fannie Mae announces first chief diversity and inclusion officer

Housing Wire

Fannie Mae has appointed Sharifa Anderson to fill the newly created role of senior vice president and chief diversity and inclusion officer. Effective Feb. 28, Anderson, who recently served as the chief diversity and inclusion officer at Federal Home Loan Bank of Pittsburgh , will lead Fannie’s efforts to create positive diversity and inclusion outcomes across the enterprise as well as with the enterprise’s suppliers, business partners, and the people and communities it serves, the government-sp

article thumbnail

Be Seen, Build Trust, Get Hired

The Appraiser Coach

You have been a real estate appraiser for years. Or maybe you’ve just got six months under your belt. Either way, each of us needs to determine how we will. Read More.

article thumbnail

Foreign purchases of asset-backed securities are on the rise

Housing Wire

Foreign holdings of U.S. asset-backed securities stood at $1.562 trillion as of June 30 of 2021, up from $1.489 trillion as of the same date in 2020, according to preliminary data released by the U.S. Department of the Treasury. The Treasury report defines asset-backed securities (ABS) as including mortgage-backed securities as well as securities backed by the cash flows from other asset pools, such as credit card receivables.

article thumbnail

Be Seen, Build Trust, Get Hired

Appraisal Buzz

You have been a real estate appraiser for years. Or maybe you’ve just got six months under your belt. Either way, each of us needs to determine how we will … Read More. The post Be Seen, Build Trust, Get Hired appeared first on Appraisal Buzz.

article thumbnail

2022 HousingWire TECH100 Real Estate Honorees?

Housing Wire

This year’s list of TECH100 Real Estate honorees represent a huge shift in the direction that the real estate industry is heading in. Though real estate may have fallen behind in technological advances compared to other industries in the past, all of that is changing, and this year’s list of Tech100 winners embody that shift. With endless new offerings in the world of fintech and proptech, these organizations have found solutions to every pain point that currently exists in the real estate

article thumbnail

Fannie Mae Executes First Credit Insurance Risk Transfer of 2022

Appraisal Buzz

Completion of CIRT 2022-1 by the GSE covers $26.1 billion in unpaid principal balance of fixed-rate loans, acquired between January 2021 and March 2021. The post Fannie Mae Executes First Credit Insurance Risk Transfer of 2022 appeared first on DSNews. The post Fannie Mae Executes First Credit Insurance Risk Transfer of 2022 appeared first on Appraisal Buzz.

Insurance 150
article thumbnail

A look behind this year’s Tech100 winners

Housing Wire

In January I received a text message from Dave Savage, CEO of Mortgage Coach. “Hey Clayton …” and a link. News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). LLR is not a newcomer to mortgage technology or the overall fintech market.

article thumbnail

Prediction: Home-Price Appreciation to ‘Meaningfully Decelerate’ in 2022

Appraisal Buzz

According to Arch Mortgage Insurance Company (Arch MI), a Greensboro, North Carolina based company offering risk management and financial institutions to mortgage lenders, 2022 was nothing short of an amazing year for the housing market. Home prices rose at an unprecedented pace, while Seemingly every index rose across the board, even in light of record-low … The post Prediction: Home-Price Appreciation to ‘Meaningfully Decelerate’ in 2022 appeared first on DSNews.

Insurance 195
article thumbnail

How new solutions are reinventing secondary market access for local lenders

Housing Wire

In today’s competitive landscape, the secondary market provides a prime opportunity to pursue better margins, more competitive rates and increased profitability. For America’s local lenders, though, this area also presents challenges. While small and midsize lenders play a vital role in American home-buying, originating almost 50% of loans for the $4 trillion U.S. mortgage market, they often lack the scale and access they need to execute to their full potential in the secondary market.

Marketing 384
article thumbnail

Multifamily Housing Demand Returns to Higher Density Markets

Eyes on Housing

Per NAHB’s latest Home Building Geography Index (HBGI), through the second half of 2021, multifamily home building rebounded from quarterly declines that began at the outset of the pandemic. In the wake of the public health crisis, there was a pronounced return to higher density markets or geographies, particularly in apartment and other multifamily residential construction.

Marketing 158
article thumbnail

2022 HousingWire TECH100 Mortgage Honorees

Housing Wire

The 2022 TECH100 Mortgage list of honorees spotlights the innovators that are making the housing sector better and more sustainable by increasing efficiency, improving borrower experience and bringing elasticity to mortgage origination and servicing processes. These organizations were measured based on each company’s key technology, quantifiable metrics and client impact.

Mortgage 370
article thumbnail

Appraisals 101

Midtown Appraisal Group

What you should know about the appraisal process We know that whether you’re a buyer or a seller, the appraisal process – especially for residential or agricultural properties – can be nerve-wracking. Here are answers to some of the questions we get asked most often. Why do I need an appraisal? Contrary to popular belief, […].

Appraisal 153
article thumbnail

The Top Digital Forms for Residential Contractors

GoForrmz

Streamline collaboration and communication across cross-functional teams with these digital contractor forms Construction is an ever-growing industry that continues to make significant strides in evolving traditional business processes. Whether you’re in a niche market within construction or function as a large-scale corporation, all business entities can benefit from digitization.

article thumbnail

Clear Capital Calls on Companies to Join the Clear Capital Partner Network Focused on Appraisal Modernization

Clear Capital

Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. RENO, Nev. — March 1, 2022 —. Clear Capital , a national real estate valuation technology company, today announced the expansion of its Clear Capital Partner Network , which aims to collaborate with innovative companies to help lenders accelerate the adoption of modern appraisals and other technology advancements.

article thumbnail

PropStream vs Flipster: Which Is Better for Real Estate Investors?

Mashvisor

We will take a closer look at PropStream vs Flipster and compare which real estate investment tool is better. Nowadays, all the information is at your fingertips.

article thumbnail

How Do Multiple Offers Impact a Home’s Appraised Value?

Kairos Appraisal Services

In today’s real estate market, it’s not uncommon for a house to receive multiple offers and sell above the asking price. In fact, depending on your market, this may be the norm at the moment. But just because a home sells for more than the asking price doesn’t always mean the appraised value will match. … The post How Do Multiple Offers Impact a Home’s Appraised Value?

article thumbnail

Mashvisor: The Top Cap Rate Calculator in 2022

Mashvisor

The cap rate calculator is one of the must-use tools for anyone who’s considering investing in real estate. Find out why here.

Tools 67
article thumbnail

HSBC head on new seven-year fixed offering

Mortgagebroker News

The lender has introduced an option that it says delivers peace of mind for borrowers in an uncertain rate environment

69
article thumbnail

5 Classes Your High Schooler Should Take to Start on the Right Financial Footing

BiggerPockets

As real estate investors and financial freedom chasers, we learn and grow and achieve. And as we find success, many of us wonder, “What if I would have known all this when I was younger?” Here's what we can encourage our teenagers to do now to set themselves up for financial success sooner rather than later.

article thumbnail

Canadian Mortgage Awards 2022 – Excellence Awardees revealed

Mortgagebroker News

Find out if you or your company could be celebrating at the in-person awards show on April 28

article thumbnail

75 Top Locations for Airbnb Income in 2022

Mashvisor

Without a doubt, Airbnb income is known to be higher than earnings from traditional rentals.

article thumbnail

Firm Capital appoints newest Calgary executive

Mortgagebroker News

New director to head up the non-bank lender's mortgage investment operations in Western Canada

article thumbnail

Rookie Podcast 161: Using Calculated Risk to Acquire 17 Doors In Under a Year (at Age 24!) w/ Grace Gudenkauf

BiggerPockets

Real estate favors those who value risk. An investor’s willingness to take a calculated risk separates the good from the great. And today’s guest, Grace Gudenkauf, is definitely on her […].

article thumbnail

TransUnion on mortgage lending activity

Mortgagebroker News

The mortgage space continues to show strong positive momentum amid a robust housing market

Lending 69
article thumbnail

Time to Review and Update Your Insurance Policies

Eppraisal

It seems annually recurring expenses come around sooner and sooner. This is partly due to aging and in part due to dread. Yet a proactive approach to these ritual expenses takes some of the sting out of their yearly return. Whether it is income tax, a health club membership, autumn landscaping bills or pool maintenance services, getting a jump on these obligations is good for both household budget and peace of mind.

article thumbnail

Calgary housing heavily favoured by a particular buyer group

Mortgagebroker News

These buyers tend to hail from faraway Toronto, according to local industry professionals

Buyers 69
article thumbnail

Options for Buyers Wishing to Inspect a Seller’s Home

Will Springer Realtor

A home inspection is almost always the best route to take before purchasing a property. In a competitive market, however, buyers recognize that submitting an offer with a request to conduct a traditional inspection can hurt their chances of winning a bidding war. Sellers generally receive multiple offers, with at least a few without a home inspection contingency.

article thumbnail

Scotiabank posts first-quarter results

Mortgagebroker News

A significant trend has emerged in the Big Six's Q1 earnings announcements to date

69