Tue.Dec 07, 2021

How did the pandemic change the state of the appraisal market?

Housing Wire

The HousingWire award spotlight series highlights the companies that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Tech100 award are now open through next Friday, December 17, 2021. To submit your company, go here.

Joseph Camerieri: Why Mortgage Tech Investments Often Don’t Pay

Appraisal Buzz

PERSON OF THE WEEK: During the past 20 years or more, mortgage lenders have put a strong focus on adopting technologies that automate the origination process and enable a seamless borrower experience.

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All-cash transactions under scrutiny of Biden administration

Housing Wire

The Biden administration announced on Monday that it is looking to expand reporting requirements on all-cash real estate transactions. The announcement came via a U.S. Treasury Department notice seeking public comment on this potential regulation.

Joseph Camerieri: Why Mortgage Tech Investments Often Don’t Reduce Cost to Originate

Appraisal Buzz

PERSON OF THE WEEK: During the past 20 years or more, mortgage lenders have put a strong focus on adopting technologies that automate the origination process and enable a seamless borrower experience.

Cash-out refis are in high demand as equity levels skyrocket

Housing Wire

Record home price appreciation in recent years has pushed tappable home equity to new heights. According to a report published by data vendor Black Knight this week, the third quarter of 2021 saw a nearly $250 billion dollar increase in tappable equity—a record.

CPFB Issues New Rule on LIBOR-Linked Accounts

Appraisal Buzz

A criminal London Inter-Bank Offered Rate (LIBOR) rate-setting conspiracy that implicated major international banks has resulted in the Consumer Financial Protection Bureau (CFPB) finalizing a rule to transition away from the LIBOR interest rate index for all consumer financial products starting in 2022.

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Top 10 Housing Markets Project Price Increases in 2022

Appraisal Buzz

Realtor.com® has predicted the top housing markets for 2022. Due to an increase in demand, housing markets in smaller cities have skyrocketed caused by an increase in remote work throughout the pandemic.

HUD ends silence on targeted lending programs

Housing Wire

The Department of Housing and Urban Development (HUD) on Tuesday resolved uncertainty around special purpose credit programs, 45 years after Congress allowed lenders to tailor products to groups that have historically been excluded from homeownership.

Consumers Feel the Economy Is on the Wrong Track

Appraisal Buzz

Fannie Mae reports that U.S. consumers’ attitude toward the economy is on the cynical side, with contrasting feelings on home buying and home-selling conditions. The post Consumers Feel the Economy Is on the Wrong Track appeared first on DSNews.

Fed pulling back from the MBS market cautiously

Housing Wire

The Federal Reserve Bank of New York later this week plans to sell up to $90 million in agency mortgage-backed securities (MBS) now held in portfolio, a small sale, but still an interesting move in the current economic climate. .

OpenClose Names April Cave Director of Implementation Services

Appraisal Buzz

In her new role, Cave will be responsible for leading our implementation team and the overall implementation strategy for our suite of digital lending software. The post OpenClose Names April Cave Director of Implementation Services appeared first on theMReport.com.

To advance mortgage lending, trust must take backseat to truth

Housing Wire

Once upon a time, loans were made on a handshake. That’s not just a platitude; before the Civil War, most Americans were self-employed, there was no federal income tax and banking was decentralized, making it practically impossible to verify a borrower’s employment, income and assets.

Overall Housing Sentiment Remains Stable

Appraisal Buzz

A new study has found that 70% of respondents feel the economy is on the wrong track, as economic pessimism hits decade-long-high. The post Overall Housing Sentiment Remains Stable appeared first on theMReport.com. The post Overall Housing Sentiment Remains Stable appeared first on Appraisal Buzz.

The Impact of Brand Awareness

Housing Wire

Every company has different goals and objectives when it comes to marketing.

Fannie Mae Moves To AWS

Appraisal Buzz

Amazon Web Services, Inc. AWS), an Amazon.com, Inc. company, has announced that Fannie Mae, a source of financing for mortgages in the U.S., is using AWS to help solve the biggest challenges in housing.

Master Class: How to become an experience architect

Housing Wire

In this fun and informative master class exclusively for HW+ members, Experience.com ’s Chief Experience Officer, Brittany Hodak , shares a simple framework every marketing and sales leader can use to design intentional customer journeys, elevating every customer interaction into an experience.

Design 286

Breaking Barriers to Success

The Appraiser Coach

Are you getting in your own way? Are you limiting your own success because you don’t believe that it is possible to reach your goal? There is a way you. Read More.

Breaking Barriers to Success

Appraisal Buzz

Are you getting in your own way? Are you limiting your own success because you don’t believe that it is possible to reach your goal? There is a way you … Read More. The post Breaking Barriers to Success appeared first on Appraisal Buzz. Around The Web

Strong Regional Growth Amid Lessened Suburban Shift: Q3 2021 HBGI

Eyes on Housing

The suburban shift for single-family home building, which was precipitated in large part by the onset of the COVID-19 pandemic last year continues.

Expert Insights: Thomas Showalter, Founder and CEO, Candor Technology

Appraisal Buzz

After securing a $12.5 million investment, Candor CEO Showalter details how the deal came about, and how it will take the company’s AI-decisioning technology to the next level. The post Expert Insights: Thomas Showalter, Founder and CEO, Candor Technology appeared first on theMReport.com.

Kate Perrine Qualifies for President’s Club ELITE

Lamacchia Realty

We are thrilled to announce that Kate Perrine has officially qualified for the 2021 President’s Club ELITE. This is an outstanding achievement for any REALTOR® as qualifying requires achieving 50 completed transactions in one year.

Tight Inventory Causes Record Home Price Growth

Appraisal Buzz

Another record has fallen as CoreLogic’s latest Home Price Index (HPI) and HPI Forecast for October 2021 revealed that home prices increased by 18% year-over-year, the highest level seen since the index was started 45 years ago. However, on a monthly basis home prices grew by 1.2%

Welcome to the future of digital media

Mortgagebroker News

An exciting new development to help increase your business at CMP - Interactive Digital Content (IDC

Home Ownership Still a Goal for Most Amid Rising Prices

Appraisal Buzz

Another record has fallen as CoreLogic’s latest Home Price Index (HPI) and HPI Forecast for October 2021 revealed that home prices increased by 18% year-over-year, the highest level seen since the index was started 45 years ago. However, on a monthly basis home prices grew by 1.2%

Lamacchia Realty Announces Top Producing REALTORS® for November 2021

Lamacchia Realty

Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for November 2021! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month!

Empowering Call Centers in the Digital Age

Appraisal Buzz

Delivering a great customer experience has become more challenging than ever. Stephen Staid of Sourcepoint discusses how to empower call centers and associates with technology that ensures every borrower interaction is a positive one.

[Customer Story] FOR Energy

GoForrmz

“ An audit takes a while.so to be able to shave time off of that is pretty valuable for the customer experience. ” ” — Vladimir Kostovski, Salesforce Consultant, FOR Energy.

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Consumers Gloomiest in a Decade, But Still A Great Time to Sell; Rates Move Higher

Appraisal Buzz

The chief finding from Fannie Mae’s November National Housing Survey (NHS) was an increase in consumer pessimism. The company says respondents to the right track/wrong track question expressed the most downbeat attitude in 10 years.

Don't Use Price Per Square Foot to Value Homes

Hank Miller Team

Price per square foot is unreliable to value homes. It is without question one of the most quoted "sources" when home values are discussed but it is so flawed that on any level, it cannot stand even the softest of challenges.

10 Appraisal Competencies Every Property Appraiser Should Master

Appraisal Buzz

Whether you’re a new appraiser or a seasoned appraiser looking to grow your income, you probably want to know, “What appraisal competencies do I need to master in order to maximize my success?”

Why Residential Real Estate is One of the Safest and Best Investments You Can Make

BiggerPockets

Out of all of the ways to build wealth through investing, why invest in real estate? Well, there are a lot of different ways to invest in real estate — all of them with real potential. Real Estate* landlord property management real estate real estate investing real estate investor

Decrease in Q3 2021 Delinquency Rates for Commercial and Multifamily Mortgage

Appraisal Buzz

Commercial and multifamily mortgage delinquencies declined in the third quarter of 2021, according to the Mortgage Bankers Association ‘s (MBA) latest Commercial/Multifamily Delinquency Report.

Is Debt Good or Bad?

BiggerPockets

There are times when debt is harmful, and there are other times in which debt can provide exciting wealth-building opportunities. . Real Estate* debt real estate debt Real Estate Investing Basics wealth building

Fannie Mae Finds Pessimistic Consumer Sentiments Reflected in Flat Housing Trends

Appraisal Buzz

Fannie Mae ’s Home Purchase Sentiment Index (HPSI) decreased 0.8 points to 74.7 in November, as consumers expressed not only disparate views of homebuying and home-selling conditions but also their greatest economic pessimism in 10 years.