Housing Wire

MARCH 17, 2022

Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger. The companies say the secure process was a “first of its kind” in the mortgage industry and has the potential to revolutionize the $3 trillion mortgage ecosystem.

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Technology Landlords Valuation Lending 462

Appraisal Buzz

MARCH 17, 2022

Former ICE finance executive Patrick Rutherford has joined FormFree , a provider of borrower auto-verification solutions, as chief financial officer (CFO). Rutherford has more than 20 years of investment management experience. He previously served as a leader within ICE’s global finance function. As a financial leader at the publicly traded Fortune 500 company, he oversaw multiple aspects of global forecasting, planning and analysis.

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Housing Wire

MARCH 17, 2022

As the Federal Reserve raised short-term rates for the first time in years, mortgage rates climbed 31 basis points to 4.16%, according to data from Freddie Mac ‘s PMMS survey. “The 30-year fixed-rate mortgage exceeded four percent for the first time since May of 2019,” said Sam Khater, Freddie Mac’s chief economist. “The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to rise over the course of the year.

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Appraisal Buzz

MARCH 17, 2022

Two years into the pandemic, the U.S. housing market is virtually unrecognizable from its previous state, with nearly half the number of homes for sale, prices higher by one-third and rising, and rents hundreds of dollars more a month, Zillow ‘s latest monthly market report shows. None of that has curtailed demand, with listed properties flying off the market and sales stronger than before the pandemic. “We’ve seen strong demand for homes and prices rising.

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Housing Wire

MARCH 17, 2022

The rate volatility created by fast-rising inflation, now approaching 8% annualized , and the opposing flight to quality sparked by the war in Ukraine, is complicating an already challenging execution environment in the private-label securities market. Into March of this year, according to multiple market experts, the nonagency secondary market has been digesting a large backlog of mortgage collateral that was locked and originated last year during a much lower-rate environment than exists today

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Appraisal Buzz

MARCH 17, 2022

Joint actions were taken today by the OCC and FinCEN against USAA, citing violations of the Bank Secrecy Act and failure to establish an effective Anti Money Laundering program. The post OCC and FinCEN Levy $140M Fine, Cease and Desist Order Against USAA appeared first on DSNews. The post OCC and FinCEN Levy $140M Fine, Cease and Desist Order Against USAA appeared first on Appraisal Buzz.

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Appraisal Buzz

MARCH 17, 2022

According to a new survey from TD Bank, America’s Most Convenient Bank, first-time homebuyers are feeling anxious and unprepared in this highly competitive housing market. TD’s First-Time Homebuyer Pulse found that despite a desire to purchase, nearly 29% of consumers eager to buy feel this is an uncertain time to do so. Additionally, buyers haven’t … The post Lenders Ease First-Time Buyer Jitters appeared first on DSNews.

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GoForrmz

MARCH 17, 2022

GoFormz Cares: GoFormz partners with the American Heart Association in support of their Hard Hats With Heart initiative We are proud to announce that GoFormz will be sponsoring the American Heart Association’s event, Hard Hats with Heart, taking place in San Jose, CA on April 21, 2022. The American Heart Association strives tirelessly to create a world filled with longer, healthier lives specifically through their Hard Hats with Heart event that is geared towards the construction industry and th

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Appraisal Buzz

MARCH 17, 2022

A special Executive Session of the Senate Banking Committee voted on advancing Sandra Thompson as Director of the FHFA, among other key nominations. The post Senate Banking Committee Approves Nomination of Thompson as FHFA Director appeared first on DSNews. The post Senate Banking Committee Approves Nomination of Thompson as FHFA Director appeared first on Appraisal Buzz.

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GoForrmz

MARCH 17, 2022

Mobile forms are more flexible, professional, and accurate than traditional, fillable PDFs When making the switch to digital, many businesses first turn to fillable PDFs for their data capture needs – before realizing the resulting electronic documents aren't much better than their original, paper forms. Although traditional, fillable PDF documents can be filled out on a tablet or smartphone, they still result in a static, isolated record of information.

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Appraisal Buzz

MARCH 17, 2022

Freddie Mac ’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 4.16%. “The 30-year fixed-rate mortgage exceeded four percent for the first time since May of 2019,” states Sam Khater, Freddie Mac’s chief economist. “The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to` rise over the course of the year.

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Mortgage Appraisal Marketing 150

Appraiserblogs

MARCH 17, 2022

Here’s the link to the ‘slide show’ the GSE’s have produced showing proposed design of the future, revised, URAR appraisal form. In my initial very quick observation of the proposed changes, there is FAR MORE INFO REQUESTED about the subject and comparable sales than the ‘current’ 2005 URAR form has on it. If this is what the final version will be like, the appraiser’s time to ‘complete the form report’ may increase exponentially.

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Appraisal Buzz

MARCH 17, 2022

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for February 2022 shows mortgage applications for new home purchases decreased 3.9% compared from a year ago. Compared to January 2022, applications decreased by 1%. This change does not include any adjustment for typical seasonal patterns. “New home purchase activity slowed in February, as for-sale inventories remained tight, and mortgage rates increased to their highest levels since 2019,” states Joel Kan,

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Lamacchia Realty

MARCH 17, 2022

ARE YOU A "WANT-TO-BE" SELLER IN 2022? Worried about selling and buying at the same time? Are you scared to list your home for sale because you don’t know where you would go if it sells before you find a new home? Are you searching for a home but cannot seem to find it? Worried about having to move twice? If you answered yes to any of these questions, then you are one of over a million people across the country right now who feel the same way.

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Sellers Realtors Buyers Inventory 69

Clear Capital

MARCH 17, 2022

In Real Estate Appraisals A Photo is Worth A Thousand Words. From informing medical diagnostics to measuring investor sentiment, using technology to scan images has brought revolutionary advancements across fields. But for underwriters, the collateral appraisal review process is still painstakingly slow. To accurately asses the quality of an appraisal, they manually comb through a mountain of appraisal photos, carefully evaluating each one for errors and usability in an appraisal review.

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Real Estate Appraisal Technology Development 69

Lamacchia Realty

MARCH 17, 2022

In true Lamacchia Realty fashion, there was a contest held between January 1 st, 2022, and February 28 th, 2022 to see what REALTOR® could list the most properties in the two-month span. At a time when inventory levels were at record lows, the extra incentive to get listings on the market benefitted everyone involved. The prize for winning the contest is an all-expense-paid trip to the September 2022 Crush It In Real Estate conference in Fort Lauderdale!

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Realty Realtors Clients Training 68

Clear Capital

MARCH 17, 2022

Session recaps & photos. Day One General Session Recap. Experience 2022 kicked off with an entertaining and informative morning keynote session. Leaders from Intercontinental Exchange and ICE Mortgage Technology discussed how to streamline the mortgage process and improve customer experience using new technology and advanced data. Read now and see photos ?.

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Technology Real Estate Mortgage Appraisal 69

Lamacchia Realty

MARCH 17, 2022

Living in a gated community brings a sense of security and community you may not get in traditional neighborhoods. If increased security and special amenities are something you are desiring in your new neighborhood, a home in one of these communities can be a great option for your next home. We broke down the top five benefits of living in a gated community: Safety.

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Realty Investing Real Estate Sellers 61

Mashvisor

MARCH 17, 2022

Zillow’s estimated market value tool “Zestimate” has been questioned by both real estate investors and agents for its accuracy.

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Real Estate Investors Tools Market Value 69

BiggerPockets

MARCH 17, 2022

Travel budgeting, sky-high gas prices, and “free” utilities are coming up in this month’s episode of Carl and Mindy’s Spending Summary. Like many Americans, Carl and Mindy didn’t have the […].

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Mashvisor

MARCH 17, 2022

When it comes to renting out your property you may be asking the question of how to estimate rental value.

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Property Management Tools Investors Investing 68

Mortgagebroker News

MARCH 17, 2022

Housing and mortgage activity in the province has remained elevated. Will that continue?

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Housing Market Marketing Mortgage 69

Mashvisor

MARCH 17, 2022

Our topic for today will be Airbnb long term rentals, and everything that comes with it. Why?

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Real Estate Investors Marketing 66

Mortgagebroker News

MARCH 17, 2022

The national market is seeing pent-up appetite for residential properties, RBC says

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Sellers Marketing 69

Housing Wire

MARCH 17, 2022

Today, the U.S. Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. The previous months of housing data have been positively revised higher as well, so this is a solid report on all fronts. Of course, that’s until you look at the housing completion data, which hasn’t gone anywhere in years.

Construction 462

Construction Housing Market Inventory Buyers 462

Mortgagebroker News

MARCH 17, 2022

The REIT completed nearly $700 million in industrial property acquisitions across 2021

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Appraisal Buzz

MARCH 17, 2022

Despite supply side constraints and lack of skilled labor, housing starts jumped an impressive 6.8% in February compared with January to reach a seasonally adjusted annual rate of 1.769 million, according to estimates from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. That’s up 22.3% compared with February 2021. Starts of detached, single?

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Mortgagebroker News

MARCH 17, 2022

The consumer price index exceeded 5% for the second consecutive month

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Appraisal Buzz

MARCH 17, 2022

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development have released their new residential construction statistics for February 2022, which found that privately?owned housing starts in February hit 1,769,000, 6.8% above the revised January estimate of 1,657,000. This was 22.3% above February 2021’s housing starts rate of 1,447,000.

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Mortgagebroker News

MARCH 17, 2022

We Care philosophy "goes down to a granular level" said Sarb Uppal

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Marketing 61

Eyes on Housing

MARCH 17, 2022

Single-family starts posted a small increase in February, as lack of resale inventory continues to support housing demand despite higher interest rates. The availability of materials, lumber, labor and lots remain key headwinds, with access to labor in particular likely to become more challenging in 2022. Overall housing starts increased 6.8% in February to a seasonally adjusted annual rate of.

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Inventory 154

Mortgagebroker News

MARCH 17, 2022

Vice president offers some tips

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Clients Brokerage 66

Housing Wire

MARCH 17, 2022

As HUD considers mortgage insurance premium (MIP) changes in the aftermath of FHA’s record-breaking FY 2021 performance with $100 billion of capital reserves and a capital ratio of 8%, it is time to address the “elephant in the room.” Since the housing crisis, FHA premium policy has been more effective in “providing space for private capital” (as HUD referred to it in its FY 2011 Report to Congress ) than providing fairness and equity to FHA borrowers.

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