Fri.Aug 12, 2022

Habitat for Humanity and the VA Partner to Increase Veteran Homeownership

Appraisal Buzz

New partnership geared toward expanding homeownership opportunities among the nation’s veterans will partially subsidize homeownership expenses and cost-burdens for up to 10 or 15 years for qualified candidates.

Fannie Mae unveils $997M reperforming loan offering 

Housing Wire

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million.

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Pushing Mortgage Underwriting Further Into the Digital Age

Appraisal Buzz

Andy Sheehan of Finicity explains how Freddie Mac’s Loan Product Advisor acceptance of direct deposit data to assess income, payroll, and account transactions data for verification of employment can enable digitization through open banking.

Impac Mortgage Holdings backs off non-QM, posts ugly Q2 results

Housing Wire

Add Impac Mortgage Holdings to the list of mortgage lenders that posted a loss in the second quarter of 2022, despite an effort to reduce expenses.

CFPB Puts Focus on Financial Companies’ Data Handling

Appraisal Buzz

The Consumer Financial Protection Bureau (CFPB) confirmed in a circular published today that financial companies may violate federal consumer financial protection law when they fail to safeguard consumer data.

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HW+ Member Spotlight: Tom O’Donoghue

Housing Wire

This week’s HW+ member spotlight features Tom O’Donoghue, owner at Reverse Loans Now. O’Donoghue has been in mortgage banking for more than 30 years and has been helping and committed to working with Senior Citizens for the last seven years.

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Don’t miss the “Making Stats a Reality” panel at the Women of Influence Forum Oct. 3

Housing Wire

By now, it is no surprise to hear that promoting women to leadership positions is beneficial for company performance and company culture, but it is time to go beyond talk.

Cenlar Appoints Four to Its Default Management Team

Appraisal Buzz

Mortgage loan subservicer adds veterans Adam Saab, Adam Wood, Jason Schmidt, and Jessica Sharp to bolster its default management operations. The post Cenlar Appoints Four to Its Default Management Team appeared first on DSNews.

Decline in Single-Family Permits in June 2022

Eyes on Housing

Over the first six months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 567,798. On a year-over-year (YoY) basis, this is a 3.6% decline over the June 2021 level of 589,146.

How Economic Indicators Are Impacting Delinquency Rates, Foreclosures

Appraisal Buzz

Delinquency rates hit an all-time low during the second quarter of 2022 finally settling at a seasonally adjusted rate of 3.64% of all outstanding residential loans according to the latest iteration of the National Delinquency Survey published by the Mortgage Bankers Association (MBA).

What is “Gross Living Area” For A Home (Not Finished Basements)

JMV Lending

When I was a kid growing up in Southwest Minnesota, everyone had basements. Basements initially served as “root cellars” to store potatoes and carrots all winter (which we actually did) and as protection from tornadoes (something we needed often on the prairie).

Homebuyer Competition Falls to Early-Pandemic Levels

Appraisal Buzz

Now recording its sixth month of decline, homebuyer competition has now fallen to levels seen during the initial throes of the pandemic. According to Redfin, 44.3% of home offers written by their agents faced competition in July 2022. This seasonally-adjusted number compares to a rate of 50.9%

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Can't Wait to See You at Field Service East

GoForrmz

We’re sponsoring Field Service East in Hilton Head – will we see you there? We are thrilled to be sponsors of Field Service East 2022.

Fairway Independent Mortgage Adds Three Execs

Appraisal Buzz

The addition of Scott Bristol, Brian Chick, and John Lowe continues the mortgage lender’s aggressive nationwide originator expansion. The post Fairway Independent Mortgage Adds Three Execs appeared first on theMReport.com. The post Fairway Independent Mortgage Adds Three Execs appeared first on Appraisal Buzz. Around The Web

Don Machholz Passing

Appraisers Blog

Folks, yesterday, August 11, I received the following notice about Don Machholz from a California appraiser, who requested this be circulated: With sadness, I wanted to share the news of Don Machholz passing on Tuesday, August 9 in Wikieup, AZ due to complications with COVID-19.

Bidding Wars Becoming Less Common

Appraisal Buzz

Now recording its sixth month of decline, homebuyer competition has now fallen to levels seen during the initial throes of the pandemic. According to Redfin, 44.3% of home offers written by their agents faced competition in July 2022. This seasonally-adjusted number compares to a rate of 50.9% seen in the previous month, and is down … The post Bidding Wars Becoming Less Common appeared first on theMReport.com. The post Bidding Wars Becoming Less Common appeared first on Appraisal Buzz.

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RBC: Housing market deceleration won't impede BoC's rate hikes

Mortgagebroker News

Canada's economic strength and the attendant inflation rates are likely to persist for the foreseeable future

Appraisers: How to Spend Less Time on Email

Appraisal Today

Appraisers: How to spend less time on Email. Excerpts: Many appraisers report that they’d like to spend less time on email. The task of providing status emails eats up time in the workday and tends to be more complex and time-consuming than typing a quick email reply.

Economist: US inflation softening could be good news for Canada

Mortgagebroker News

The trend could open the path towards a less burdensome rate hike by the Bank of Canada

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Are home prices dropping in San Jose?

San Jose Real Estate

Are home prices dropping in San Jose? The Bay Area housing market is cooling all over. Overall, yes, we have home prices dropping in San Jose month over month. As of now, home prices are not down year over year for the city generally.

Canada house prices – could a 25% drop be coming?

Mortgagebroker News

The market correction has been much faster than anticipated

How Much Can I Rent My House For on Airbnb?

Mashvisor

If you’ve been considering using your rental property as a short-term rental, you must be wondering, “How much can I rent my house for on Airbnb?” Table of Contents How… Airbnb Rentals Investor Blogs Making Money Rental Income Rental Rate Rental Strategies Traditional Vacation Rental

Residential construction financing: Broker on the challenges

Mortgagebroker News

The sector has been impacted by rate increases – but some builders may see potential

Wernick Omura Singh Innovates with Realquantum

Real Quantum

Wernick Omura Singh Innovates with Realquantum. FOR IMMEDIATE RELEASE.

Canadians are slowly but steadily returning to the city

Mortgagebroker News

Foot traffic across six major urban centres since April 2022 continues to tick upwards

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5 Ways to Find Airbnb Investment Opportunities

Mashvisor

The following article will help vacation property investors who are looking for lucrative Airbnb investment opportunities.

Nexus Industrial REIT highlights robust Q2 results

Mortgagebroker News

Leasing activity remains strong despite the volatile economic climate

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The Top Rental Estimate Tool for 2022

Mashvisor

Rental estimate tools make us better investors. Learn how you can be a better investor with this estimate tool and how to get the best out of it. Table of… Investor Blogs Mashvisor Tools Airbnb Investor Tools Real Estate Data Rental Income Rental Rate Return on Investment

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Nearly Half of U.S. Mortgaged Homes Are Considered ‘Equity-Rich’ According to Report — Less Than 3% Are Underwater

BiggerPockets

The U.S. has been experiencing a surge in equity-rich housing, according to the latest report by the real estate data provider ATTOM. The figures for Q2 are impressive. Currently, the number […]. Housing Market Trends

Multi-Family Homes in Houston For Sale

Houston Properties

Check out this guide to get more details on Houston's available multi-family homes

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Rookie Reply: Time-Saving Real Estate Accounting Tips for New Investors

BiggerPockets

This week’s question comes from Aaron on the Real Estate Rookie Facebook Group. Aaron is asking: How do you set up your rental income for tax season? Do you just […]. Real Estate Rookie Podcast

Museum District Houston: Homes For Sale Guide

Houston Properties

A comprehensive guide to navigating Houston's Museum District, one of the city's most prestigious economic hubs

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Nottingham Forest Neighborhood Maps

Houston Properties

Navigate your way through the highly-regarded Nottingham Forest neighborhood using this map

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