Housing Wire
AUGUST 13, 2021
In just a few months’ time, COVID-19 accelerated the digital shift era to forever change the way consumers approach home buying. This tipping point came after several years of rapid technology growth in our industry. In February 2019, we wrote an article predicting this seismic shift, detailing how mortgage lenders could and should prepare to not only survive the shift but thrive in the future digital age.
Appraisal Buzz
AUGUST 13, 2021
Mortgage rates bounced at 6 month lows early last week and moved higher at a faster-than-normal pace through the middle of this week. They’ve been slow to recover, but Friday went a long way toward solidifying the short-term ceiling. Economic data inspired the move on Friday with Consumer Sentiment falling to the lowest levels since 2011 , just edging out the lows seen at the start of the pandemic.
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Housing Wire
AUGUST 13, 2021
Divvy Homes , the prop-tech startup that buys homes on behalf of renters and guides them to eventual ownership, announced Friday a new round of funding that nearly quadrupled its valuation to $2 billion. Co-led by Tiger Global Management and Caffeinated Capital , Divvy’s latest round raised $200 million in equity, Divvy CEO Adena Hefets told Bloomberg.
Appraisal Buzz
AUGUST 13, 2021
With eight years of experience at Planet Home, Samantha Manfer will lead the marketing and branding efforts for the firm’s six business channels. The post Planet Home Lending Promotes Manfer to Head Up Business Development appeared first on theMReport.com. The post Planet Home Lending Promotes Manfer to Head Up Business Development appeared first on Appraisal Buzz.
Appraisal Hub
AUGUST 13, 2021
Most people approach an appraisal company in Toronto when preparing to buy or sell a home. Does this sound like you? Understanding the appraisal process is important if you want to get the most from it. Here’s a short guide on the basics you need to know about residential appraisal services and working with an appraiser. Why is an appraisal important?
Appraisal Buzz
AUGUST 13, 2021
But some real estate professionals say the ban is causing financial harm to small-scale landlords and causing “uncertainty for tenants and housing providers.” The post District Court Upholds CDC Eviction Moratorium appeared first on DSNews. The post District Court Upholds CDC Eviction Moratorium 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
AUGUST 13, 2021
The American Mortgage Diversity Council (AMDC) hosts its second in a series of webinars, focusing on recruiting diverse talent and maintaining a competitive advantage over the competition. The post The Week Ahead: The Keys to Building a More Diverse Workforce appeared first on DSNews. The post The Week Ahead: The Keys to Building a More Diverse Workforce appeared first on Appraisal Buzz.
BiggerPockets
AUGUST 13, 2021
This week’s question comes from Dan on the Real Estate Rookie Facebook Group. Dan is asking: For those of you that have gone through the eviction process, did you go […].
Appraisal Buzz
AUGUST 13, 2021
The CFPB is offering a webinar aimed at mortgage professionals to counsel their clients experiencing housing insecurity. The post The Week Ahead: CFPB Offers Guidance to Housing Counselors appeared first on theMReport.com. The post The Week Ahead: CFPB Offers Guidance to Housing Counselors appeared first on Appraisal Buzz.
Mashvisor
AUGUST 13, 2021
The driveway is the first thing that anyone sees when approaching your house.
Appraisal Buzz
AUGUST 13, 2021
Why must an appraiser be given a copy of the sales contract? First and foremost, Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that we are to: “analyze all agreements of sale.” That’s the real reason why—because USPAP says so. Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to.
Mortgagebroker News
AUGUST 13, 2021
CEO says new channel “can be a meaningful contributor to the bank’s overall loan growth”
Appraisal Buzz
AUGUST 13, 2021
xThe FHFA measures loan-performance metrics and steps taken by Fannie Mae and Freddie Mac to ensure home retention for struggling borrowers. The post GSEs Report 65k+ Foreclosure-Prevention Actions in May appeared first on DSNews. The post GSEs Report 65k+ Foreclosure-Prevention Actions in May appeared first on Appraisal Buzz.
Mortgagebroker News
AUGUST 13, 2021
The province’s real estate association says listings activity continues to be a concern
Appraisal Buzz
AUGUST 13, 2021
FHFA’s latest loan-performance report details refinance and loan modification steps taken to help keep borrowers out of foreclosure. The post Fannie, Freddie’s Home-Retention Actions appeared first on theMReport.com. The post Fannie, Freddie’s Home-Retention Actions appeared first on Appraisal Buzz.
Mortgagebroker News
AUGUST 13, 2021
Announcement follows previous investments in Mississauga and Brampton
REX Real Estate
AUGUST 13, 2021
One critical factor homebuyers must consider is their ability to make a down payment.
Mortgagebroker News
AUGUST 13, 2021
Declines seen in both residential and non-residential construction
Housing Wire
AUGUST 13, 2021
Douglas Elliman CEO Scott Durkin. In May of last year, New York City residential brokerage Douglas Elliman revealed its business was at a crossroads. “Douglas Elliman began to experience a severe decline in closed sales volume in mid-March 2020 and this continued in April and May,” read a Securities and Exchange Commission filing by Elliman’s parent company, Vector Group (Vector Group’s largest brand is cigarette manufacturer Liggett Group ).
Mortgagebroker News
AUGUST 13, 2021
Broker outlines what’s causing the uptick
Eyes on Housing
AUGUST 13, 2021
According to the Census Bureau’s Survey of Construction, the share of new homes started with 5,000 square feet or more of living space stood at 2.50 percent in 2020, down from 2.71 percent in 2019. A total of 25,000 5,000+ square-foot homes were started in 2020, compared to 24,000 in 2019. The declining number and share of 5,000+ square foot.
Housing Wire
AUGUST 13, 2021
The mortgage industry had mixed feelings about the Federal Housing Finance Agency ’s move to count positive rental history in Fannie Mae ’s underwriting process. Advocates for affordable housing cheered the move. Lenders appeared to be supportive of the change. But some in the mortgage industry fear it is an irresponsible loosening of credit restrictions.
Housing Wire
AUGUST 13, 2021
The aftermath of the COVID-19 crisis, plus solid housing demographics, has created a genuine problem with housing inventory. Record low inventory has resulted in a hectic housing market with forced bidding becoming typical rather than the exception. One of my biggest concerns for the U.S. housing market from 2020 to 2024 is that price growth could push higher than we had seen in the previous decade.
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