Housing Wire

JANUARY 6, 2022

A federal law mandates that Fannie Mae and Freddie Mac help households on moderate, low, or very low income. The government-sponsored enterprises must do this by setting a plan every three years, dubbed Duty to Serve, that provides lending liquidity and preservation goals for manufactured, rural, and affordable housing. But according to the Federal Housing Finance Agency , which has oversight power over Fannie and Freddie, the GSE’s must go back to the drawing board when it comes to their

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Appraisal Buzz

JANUARY 6, 2022

In their new roles, Steve Lineberger will oversee the Western and Central regions and and Meg McElgunn will lead the Northeast and Southeast regions. The post Freddie Mac Appoints New VPs For Production and Sales appeared first on DSNews. The post Freddie Mac Appoints New VPs For Production and Sales appeared first on Appraisal Buzz.

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Housing Wire

JANUARY 6, 2022

The average 30-year fixed rate mortgage increased to 3.22% during the week ending Jan. 6, up from 3.11% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.65%. The 15-year fixed rate mortgage averaged 2.43% last week, up from 2.33% the week prior. A year ago at this time, it averaged 2.16%.

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Appraisal Buzz

JANUARY 6, 2022

Affluent Americans continued purchasing homes in vacation destinations, taking advantage of low mortgage rates and remote work situations. The post Interest in Investment and Second Homes Up in December appeared first on DSNews. The post Interest in Investment and Second Homes Up in December appeared first on Appraisal Buzz.

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Housing Wire

JANUARY 6, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business.

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Appraisal Buzz

JANUARY 6, 2022

Embrace Home Loans, a national mortgage lender, announced that Meredith Spence has been named branch manager for the company’s new Boston/Seaport District office. Spence will be responsible for staffing the new office and expanding Embrace Home Loans’ business in the Greater Boston area while continuing to write loans. Spence has been a top-producing mortgage originator in Boston and its … The post Embrace Home Loans Expands into Boston appeared first on theMReport.com.

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Appraisal Buzz

JANUARY 6, 2022

Despite median home prices rising faster than the average weekly wage, the cost of renting continues to eclipse the cost of owning a home in nearly two-thirds of U.S. markets. The post Rental Costs Outpace Owning a Home appeared first on theMReport.com. The post Rental Costs Outpace Owning a Home appeared first on Appraisal Buzz.

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Housing Wire

JANUARY 6, 2022

Rocket Companies announced this week that its CEO Jay Farner has stepped away from his role as Rocket Mortgage CEO, to assume the role of CEO of Rocket Central , the mortgage company’s fintech platform. Farner assumed his new role Jan. 1, according to a press release from the Detroit-based company, and will retain his role as CEO of Rocket Companies, the parent company of both Rocket Mortgage and Rocket Central.

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Appraisal Buzz

JANUARY 6, 2022

It seems that the new year will not bring any relief to weary homebuyers who have been fighting repeated months of low inventory, high prices, and inflation. According to the latest iteration of the Market Pulse Report from HouseCanary, a real estate valuation brokerage whose team of economists regularly researches and reports industry trends, found that inventory levels dropped again In … The post December Saw Net Housing Inventory Levels Drop Again appeared first on DSNews.

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Eyes on Housing

JANUARY 6, 2022

The failure of domestic sawmills to sufficiently boost output in the face of ongoing strong home buyer demand was a primary factor that contributed to record-high lumber prices and price volatility in 2021. Soaring lumber prices, combined with delays and higher costs for other building materials, continued to be a significant limiting factor for home building throughout 2021 despite a.

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Appraisal Buzz

JANUARY 6, 2022

It seems that the new year will not bring any relief to weary homebuyers who have been fighting repeated months of low inventory, high prices, and inflation. According to the latest iteration of the Market Pulse Report from HouseCanary, a real estate valuation brokerage whose team of economists regularly researches and reports industry trends, found that inventory levels dropped again In … The post Report: Housing Supply Shortage Likely to Persist Through Spring appeared first on theMRepo

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Urban

JANUARY 6, 2022

Lifting legal roadblocks alone will not guarantee an influx of additional or affordable housing. Homeowners and small developers need access to the financing necessary to build new infill units.

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Finance Law Legal Development 117

Appraisal Buzz

JANUARY 6, 2022

Renting remains more financially viable in populous cities, whereas home ownership is found to be more affordable in rural areas. The post Owning More Affordable Than Renting in Most Metros appeared first on DSNews. The post Owning More Affordable Than Renting in Most Metros appeared first on Appraisal Buzz.

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Eyes on Housing

JANUARY 6, 2022

Real gross domestic product (GDP) increased in 37 states and the District of Columbia in the third quarter of 2021 compared to the second quarter of 2021. According to the U.S. Bureau of Economic Analysis (BEA), the percent change increase in real GDP ranged from 6.0 percent in Hawaii to -3.3 percent in New Hampshire and North Dakota. Nationwide, growth in.

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Marketing 87

Appraisal Buzz

JANUARY 6, 2022

Sound Credit Union , a credit union with 26 full-services branches and nearly 150,000 members, has signed a contract to implement Black Knight Inc. ’s Black Knight Empower loan origination system (LOS) and integrated suite of origination solutions to support its growing member base and create a more efficient operation. . “We evaluated many loan origination systems looking for a high-quality, scalable, configurable system that included automation and functionality to help us better serve o

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GoForrmz

JANUARY 6, 2022

Improve your job site operations by integrating your GoFormz digital forms with Acumatica In order for business operations to run smoothly at your job site, your team needs the ability to complete, deliver, and store important forms. Job site paper documents can cause project delays, errors in reporting, and inefficient workflows. Not only is completing paper forms a time-consuming process but the accompanying manual processing and delivery can cause bottlenecks in your project timeline.

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Appraisal Buzz

JANUARY 6, 2022

Equifax has added new service options to its verification solutions portfolio for the mortgage industry. These new options are powered by The Work Number, the centralized commercial repository of income and employment information in the United States. Lenders can now request All Employers Within 60 Months to pull the prior five years’ of employment and income data available on The Work Number database.

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Lamacchia Realty

JANUARY 6, 2022

In 2021, Lamacchia Realty continued its record growth across the company. The company went into the year with big goals despite the unprecedented low inventory and challenging market, particularly at the beginning of the year. By the end of 2021, the company proved it is capable of continuing its stampede to the top regardless of the market. Here are the final numbers of 2021: The company grew from $1,043,107,920 in sales volume in 2020 to $1,620,908,158 in 2021- a 55% increase!

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Appraisal Buzz

JANUARY 6, 2022

ATTOM has released its 2022 Rental Affordability Report, which shows that owning a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58%, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller portion of average local wages than renting. Home ownership remains more affordable even though median home prices have increased more than average rents and more than.

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Mashvisor

JANUARY 6, 2022

Have you ever wondered what it would be like to have your own Airbnb investment property? Here is a guide to help you take the first steps.

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Appraisal Buzz

JANUARY 6, 2022

Brian Zitin of Reggora poses seven questions to lenders looking to streamline and improve the appraisal process. The post How Efficient is Your Appraisal Operation? appeared first on theMReport.com. The post How Efficient is Your Appraisal Operation? appeared first on Appraisal Buzz.

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Mashvisor

JANUARY 6, 2022

Did you stay at an Airbnb recently? Then you might be considering buying Airbnbs yourself and growing cash flow.

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Investors 68

Appraisal Buzz

JANUARY 6, 2022

Mortgage rates hit levels last seen in May 2020 to kick off the new year, with affordability remaining a hurdle faced by many first-time buyers due to record-high prices. The post 2022 Kicks Off With Rise in Mortgage Rates appeared first on theMReport.com. The post 2022 Kicks Off With Rise in Mortgage Rates appeared first on Appraisal Buzz.

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Mashvisor

JANUARY 6, 2022

Real estate has been considered a safe investment for many years now, regardless of whether you flip, rent, or own.

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Appraisal Buzz

JANUARY 6, 2022

The results of Freddie Mac ’s Primary Mortgage Market Survey (PMMS) show that the 30-year fixed-rate mortgage (FRM) averaged 3.22%. “Mortgage rates increased during the first week of 2022 to the highest level since May 2020 and are more than half a percent higher than January 2021,” says Sam Khater, Freddie Mac’s chief economist. “With higher inflation, promising economic growth and a tight labor market, we expect rates will continue to rise.

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BiggerPockets

JANUARY 6, 2022

Profitable on-market properties are all around you, you just need to take the time to look. Oh, we hear what you’re saying, “all those on-market properties are bad deals!” While […].

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Marketing Real Estate 51

On Q Financial

JANUARY 6, 2022

You’ve been saving up for years, and now it’s time to finally get your dream home! But when you ask your lender, you find out the property value is too high for a traditional loan. That means that even though you have enough money saved up, your options are extremely limited. It seems like you’re so close, and now you’ve hit another roadblock!

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Eppraisal

JANUARY 6, 2022

As the new year swings into motion, we're sharing tips in our 5-part series on "Adding Value to Your Home" Today we take a look at updating your home surfaces. A great way to celebrate the new year is to think about making some updates in your home. One change that will make a great impact is updating your countertops. If you still have laminate countertops, consider upgrading to quartz, granite or concrete countertops.

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Housing Wire

JANUARY 6, 2022

Denver-based Incenter Mortgage Advisors is in the market with a $10 billion bulk-sales package of mortgage-servicing rights (MSRs) tied to Fannie Mae and Freddie Mac loans. The MSR offering involves 36,185 loans that are fairly evenly split between Fannie- and Freddie-backed mortgages. The weighted average age of the loans is 10.8 months, with an average interest rate of 2.898%, according to the bid documents.

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