Housing Wire

JUNE 29, 2022

Millennials and Gen Zs make up the largest cohort of potential homebuyers today, the majority of which are first-time buyers bullish to get a foot on the property ladder. As market volume dips and pent-up demand builds, 61% of millennials and Gen Zs who intend to buy a home plan to apply for a mortgage this year. For years, the dominant market narrative defining these generations has been digital-first experiences and poor financial habits.

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Loan Officers Mortgage Modernization Business 432

Appraisal Buzz

JUNE 29, 2022

Today’s Buzzcast interview is with Woody Fincham, Founder of Fincham and Associates. We sat down with Woody and Joan Trice, Founder of Allterra Group, LLC, to discuss what’s going on with the boots on the ground appraisers in the industry. How is all of this new technology impacting appraisers in their day-to-day? What has been the impact of ANSI? Can we have more information on the White Paper on green homes?

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Housing Wire

JUNE 29, 2022

The real estate market is cooling down. Reports released this week by several respected market observers point to less good and increased bad and ugly ahead for the housing market. For some of the good, a U.S. Census Bureau report released late last week spurred a bout of optimism when it revealed that new-home sales jumped by nearly 11% month-over-month in May on a seasonally adjusted basis, after declining by 12% in April.

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Housing Market Marketing Mortgage Investors 421

Appraisal Buzz

JUNE 29, 2022

Users of CLARIFIRE for default servicing and loss mitigation can now benefit from an integration with solutions from Boston National Title , one of the largest independent title and settlement service providers in the country. . “Our mission is to provide servicers with effortless accessibility to the resources needed to help borrowers quickly get back on their feet,” says Jane Mason, CEO of Clarifire, in a release.

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Clients Appraisal 195

Housing Wire

JUNE 29, 2022

Freddie Mac announced Wednesday that on-time rental payments will be included in its underwriting system. The government-sponsored enterprise said that it hopes to incentivize “responsible” renters to make a leap into homeownership. According to Freddie, this option will be available starting July 10 and will allow mortgage lenders to submit a borrower’s bank account data that shows a 12-month streak of on-time rent payments to its automated underwriting system.

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Landlords Government Mortgage 410

Appraisal Buzz

JUNE 29, 2022

Nicholas Turansky recently joined Appraisal Logistics as national account director, while Anthony Savala joined the company as senior vice president of sales. Both are industry veterans with nearly 20 years of experience. Nicholas Turansky. Before joining Appraisal Logistics, Turansky served as national sales director for LenderX, a company that provided valuation technology solutions to lenders.

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Logistics Appraisal Valuation Technology 195

Appraisal Buzz

JUNE 29, 2022

PHH Mortgage , a subsidiary of Ocwen Financial Corp. and a non-bank mortgage servicer and originator, has entered into an agreement with Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) to purchase mortgage servicing rights (MSR) through its Mortgage Purchase Program (MPP). FHLBank Indianapolis has more than 300 depository members and 100 participating financial institutions that originate about $2 billion annually who sell loans into MPP to replenish their capital and minimize port

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Mortgage Appraisal 195

Housing Wire

JUNE 29, 2022

Angel Oak Home Loans named Steven Valladares as vice president of correspondent sales, a move that comes as the firm increasingly works to grow its correspondent channel. Valladares will be responsible for creating a sales infrastructure to support the internal and external sales teams as Angel Oaks expands its focus to include both the agency and non-qualified mortgage (non-QM) markets, company reps said in a release.

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Retail Lending Mortgage Business 369

Appraisal Buzz

JUNE 29, 2022

Today’s Buzzcast interview is with Woody Fincham, Founder of Fincham and Associates. We sat down with Woody and Joan Trice, Founder of Allterra Group, LLC, to discuss what’s going on with the boots-on-the-ground appraisers in the industry. How is all of this new technology impacting appraisers in their day-to-day? What has been the impact of ANSI? Can we have more information on the White Paper on green homes?

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Appraisal Technology 195

Housing Wire

JUNE 29, 2022

Fintech startup Tomo will allow borrowers to lock in a mortgage rate for up to 120 days, about twice as long as most lenders. . The lock-in period complements a new product dubbed “Lock & Shop,” which does not require a property address to guarantee a mortgage rate, according to the company. . “ Homebuyers have struggled in a volatile housing market throughout the pandemic and rising mortgage rates will make things even more difficult,” Greg Schwartz, CEO and co-

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Mortgage Investors Valuation Housing Market 368

George Dell

JUNE 29, 2022

How can we fix the excess of appraisers? Easy — we do what we have always done, each time. 1) We will raise the standards (“cost of entry”). 2) We will make it harder to become an appraiser; 3) Lower fees will discourage newcomer appraisers. Each cycle, the ‘appraiser shortage’ cycles with […]. The post Part 2: How Do We Fix the Excess of Appraisers?

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Appraisal 195

Housing Wire

JUNE 29, 2022

A drop in mortgage rates led refinancing applications to increase slightly last week, back to a 30% share of the total, according to the latest Mortgage Bankers Association (MBA) survey for the week ending June 24. Overall, mortgage apps increased 0.7% on a seasonally adjusted basis from one week earlier, though they came in 49.4% lower than the same week in 2021.

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Mortgage Contracts Government 368

Appraisal Buzz

JUNE 29, 2022

PropTech, or the amalgamation of FinTech and real estate, has been a growing trend recently with the word popping up in conversation more and more often. The ultimate goal of PropTech is to make real estate transactions more efficient, leading to savings for originators, and faster processing and closing times. Knowing this, Citi Global Perspectives & … The post PropTech Aims to Bring Efficiency to the Market appeared first on DSNews.

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Marketing Real Estate Appraisal 170

Empire Appraisal Group

JUNE 29, 2022

Shame Brews for Homes That Linger on Market. Homes are selling within days or even hours—except for the homes that aren’t. Those homes’ owners say they often feel embarrassed and angry and wonder what could be wrong with their house, according to an article at realtor.com®. The seller’s market means that many homes end up in bidding wars, and fierce competition is the talk of the town.

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Real Estate Agent Marketing Sellers Real Estate 78

Appraisal Buzz

JUNE 29, 2022

In a move to promote equitable housing for all, the GSE will begin to factor on-time rent payments into underwriting decisions as of July 10. The post Freddie Mac Expands Homeownership Opportunities for Renters appeared first on DSNews. The post Freddie Mac Expands Homeownership Opportunities for Renters appeared first on Appraisal Buzz.

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Appraisal 150

Mashvisor

JUNE 29, 2022

To earn a stable rental property income, invest in cities that have steady population growth, a strong economy, and plenty of job opportunities.

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Investing Landlords Investors Real Estate 73

Valcre

JUNE 29, 2022

Especially with the economic and societal changes brought on by Covid, formal appraisers have their work cut out for them, aiding in the process of refinancing, purchasing, and selling hospitality-related real estate. Determining the market value of hospitality is based on several pertinent factors. Hotels, motels, and inns have unique characteristics, amenities, locations, and customer bases.

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Appraisal Real Estate Market Value Marketing 52

Mashvisor

JUNE 29, 2022

Are you looking for investment opportunities in Phoenix metro area? Read on to learn why Scottsdale homes for sale may be the best choice.

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Investing Investors Marketing 69

BiggerPockets

JUNE 29, 2022

Knowing the right tenant screening questions to ask is key to protecting your investment. Tenant screening is vital because you’re most likely renting to a stranger. There is only so […].

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Tenants Investing Landlords 56

Mashvisor

JUNE 29, 2022

The top Airbnb cities in the country performed well in 2021, but rural America also earned more than $3.5 billion in bookings last year.

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Investors Investing Real Estate Marketing 69

Mortgagebroker News

JUNE 29, 2022

Many Canadians feel that the central bank is not fulfilling its mandate of cooling down inflation while avoiding a recession

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BiggerPockets

JUNE 29, 2022

To real estate investors and real estate investing enthusiasts, Brandon Turner is a household name. Not only has he written one of the most successful real estate investing books ever […].

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Real Estate Investing Investors 53

Mortgagebroker News

JUNE 29, 2022

The measure has proven a necessary one to protect borrowers from rate impact, argues leading executive

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Mortgage 59

Housing Wire

JUNE 29, 2022

Redwood Trust ’s CoreVest division has closed a $313 million private-label offering backed by 82 loans that are in turn collateralized by some 1,800 properties located in 24 states and the District of Columbia. The transaction, CAFL 2022-1, represents CoreVest’s second securitization deal this year and its 21st to date. The collateral includes single-family rental (SFR) properties (70%), along with multifamily properties (22%) and some mixed-use properties (8%).

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Technology Investors Finance Agents 370

Mortgagebroker News

JUNE 29, 2022

The situation is being inflamed by mounting costs of living, soaring inflation, and central bank rate increases

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Appraisal Buzz

JUNE 29, 2022

Nearing the 60 day mark as the country’s newest Federal Housing Administration (FHA) Commissioner, Julia Gordon is continuing on her mission of getting people into affordable housing, but facing extraordinary challenges is making this task difficult, requiring her to seek alternatives to achieve this goal. “We want to provide alternatives to plain, vanilla single-family housing,” … The post Commissioner Working Towards Affordable Housing Amid Extraordinary Conditions appeared first on DSN

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Appraisal 368

Mortgagebroker News

JUNE 29, 2022

The foundation of this MIC is to help borrowers build a better future for themselves and their families and to provide safe and dependable returns to investors

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Investors 43

Appraisal Buzz

JUNE 29, 2022

First American Financial Corporation, a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today released the April 2022 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income … The post Median Household Income Increases 5% appeared first on DSNews.

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Real Estate Appraisal 195

Mortgagebroker News

JUNE 29, 2022

OSFI rules are intended to protect Canadians from systemic banking risks

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Mortgage 64

Appraisal Buzz

JUNE 29, 2022

Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2022-R07, an approximately $866 million note offering that represents Fannie Mae’s seventh CAS REMIC transaction of the year. CAS is Fannie Mae’s benchmark issuance program designed to share credit risk on its single-family conventional guaranty book of business. The reference pool for CAS Series 2022-R07 consists of approximately 101,000 single-family mortgage loans with an outstanding unpaid principal balance of appro

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Design Business Appraisal Mortgage 195

Mortgagebroker News

JUNE 29, 2022

Tens of millions have been set aside for the development of housing

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Development 55

Eyes on Housing

JUNE 29, 2022

The top 10 builders captured 34.2% of new single-family home closings in 2021, the highest percentage on record based on data released by BUILDER Magazine. This share represents 264,426 closings out of the 774,000 new single-family home sales reported by the U.S. Census in 2021. Nevertheless, these closings only represent 23.5% of single-family starts, a broader measure of home building.

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Marketing 166