Fri.Aug 12, 2022

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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. The offering, dubbed FNMA 2022-RPL4, represents the agency’s 27th sale of reperforming loans since the inaugural offering in October 2016, which involved a pool of 3,600 reperforming loans valued at about $806 million.

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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. The circular provides guidance to consumer protection enforcers, including examples of when firms can be held liable for lax data security protocols. “Financial firms that cut … The post CFPB Puts Focus on Financial Companies’ Data Handling appeared first on DSNews.

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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. In the most challenging mortgage market in well over a decade, executives at Impac have opted to pull back on non-QM products , which represent most of the company’s originations. It resulted in Impac bringing in less than $500,000 in revenue between April and June.

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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% seen in the previous month, and is down … The post Homebuyer Competition Falls to Early-Pandemic Levels appeared first on DSNews.

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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. HW Media: What is your current favorite HW+ article and why? Tom O’Donoghue: How inflation could be a net benefit for reverse mortgages by Chris Clow.

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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. The post Cenlar Appoints Four to Its Default Management Team appeared first on Appraisal Buzz.

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More Trending

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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). From the first quarter of 2022, the delinquency rate is down 47 … The post How Economic Indicators Are Impacting Delinquency Rates, Foreclosures appeared first on DSNews.

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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). But the basements were also necessary to prevent homes from shifting during freezing […].

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Don Machholz Passing

Appraiserblogs

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. Don was a real estate appraiser from 2003-2018 and was well known within the appraisal industry.

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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. This year’s event is chockfull of powerful sessions, industry-leading speakers, and “future-focused” discussions – here are the sessions we’re most looking forward to: Power the Workforce of Tomorrow At GoFormz, we know firsthand that data is a cornerstone of field service optimization.

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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?

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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. in some areas, price points, or select segments, year over year […].

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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.

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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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5 Ways to Find Airbnb Investment Opportunities

Mashvisor

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

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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

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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 […].

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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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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 […].

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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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Wernick Omura Singh Innovates with Realquantum

Real Quantum

Wernick Omura Singh Innovates with Realquantum. FOR IMMEDIATE RELEASE. Realquantum, the revolutionary web-native commercial real estate appraisal platform company, announced today that Canadian national appraisal and consulting firm Wernick Omura Singh has engaged Realquantum to help them streamline their commercial property valuation practice. Wernick Omura Singh operates across Canada, including Calgary, Toronto, Vancouver, Edmonton, Kelowna, and Lethbridge.

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Residential construction financing: Broker on the challenges

Mortgagebroker News

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

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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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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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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. Status requests from AMCs typically require you to log in to their system and go through the process of updating the order status on their website.

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

Mortgagebroker News

The market correction has been much faster than anticipated

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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. Year-to-date ending in June, single-family permits declined in all four regions. The South posted a small decline 0.8% while the Northeast region reported the.

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Nexus Industrial REIT highlights robust Q2 results

Mortgagebroker News

Leasing activity remains strong despite the volatile economic climate

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