Housing Wire

FEBRUARY 14, 2022

Nearly a year after a federal judge dismissed the Consumer Financial Protection Bureau ‘s mortgage servicing misconduct suit against Ocwen Financial Corp. , the watchdog agency is hoping to overturn the decision. During oral arguments in Miami before the U.S. Court of Appeals for the Eleventh Circuit, Lawrence DeMille-Wagman, CFPB’s attorney, argued that a consent agreement from 2013 did not excuse the mortgage servicer from future violations and that Ocwen is on the hook for alleged wrong

Law 370

Law Legal Insurance Mortgage 370

Appraisal Buzz

FEBRUARY 14, 2022

BLOG VIEW: The mortgage industry has been primed for a digital revolution for several years, yet most lenders haven’t taken advantage of the opportunities in front of them. It is time for lenders to embrace digital mortgage technologies and begin fully digital implementations. It’s not enough to simply dabble in the digital space; it’s an all-or-nothing proposition, and every lender should choose “all.”.

Technology 195

Technology Mortgage Appraisal 195

Housing Wire

FEBRUARY 14, 2022

Redfin CEO Glenn Kelman. Grace Alipour spoke loudly into the phone over the cries of her two-year-old being strapped into a car seat. “I started at Redfin 12 years ago,” she said. “And in 2017, I decided to go on full-time as a lead agent.”. Representing homebuyers in Orange County, California, Alipour generally completed 2-3 escrows a month while many colleagues did 4-5.

Business 370

Business Brokerage Real Estate Agent Agents 370

Appraisal Buzz

FEBRUARY 14, 2022

Active listings fell 29% year-over-year, dropping to an all-time low of 440,000, while listings were down 50% from the same period in 2020. The post Pending Sales Down From 2021 appeared first on DSNews. The post Pending Sales Down From 2021 appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Housing Wire

FEBRUARY 14, 2022

Michigan-based wholesale lender Homepoint announced on Monday that ServiceMac , a First American company, will handle its servicing operations. The decision allows the lender to focus on growing its originations business. Critically, the move reduces Homepoint’s costs, which is a topic of criticism among mortgage stock analysts. Homepoint has over 300 employees in mortgage servicing operations, who will be laid off but subsequently hired by ServiceMac, according to a spokesperson.

Business 370

Business Mortgage Marketing 370

Appraisal Buzz

FEBRUARY 14, 2022

Fannie Mae has priced a $781 million Green Multifamily DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program. FNA 2022-M1G marks the second Fannie Mae GeMS issuance of 2022. “In a week marked by rate volatility and widening spreads, we are pleased with the execution of the M1G,” states Dan Dresser, senior vice president of multifamily capital markets and pricing.

Appraisal 195

Appraisal Marketing 195

Appraisal Buzz

FEBRUARY 14, 2022

Freddie Mac has named Heidi Mason as executive vice president and general counsel, bringing 25 years of experience in mortgage lending, financial services, consumer protection and securities law to Freddie Mac. Mason will assume general counsel responsibilities from executive vice president and chief administrative officer Jerry Weiss, who has served as interim general counsel since March 2021.

Law 195

Law Lending Appraisal Mortgage 195

GoForrmz

FEBRUARY 14, 2022

Leverage these three GoFormz integrations for powerful data entry automation Digital automation is a critical asset to any business processing data. Pairing your digital forms app with seamless automation tools allows users the ability to extract and collect data in real-time, and garner actionable insights from that data. GoFormz is your one-stop-shop for all things automation, empowering your business to eliminate time-consuming manual daily work while maintaining a high level of quality and a

Construction 130

Construction Business Tools Clients 130

Appraisal Buzz

FEBRUARY 14, 2022

New partnership will allow originator to channel its resources towards its origination channels, product offerings, and enhancement of the broker-partner experience. The post ServiceMac to Begin Servicing Homepoint’s Loans appeared first on DSNews. The post ServiceMac to Begin Servicing Homepoint’s Loans appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Appraiserblogs

FEBRUARY 14, 2022

Hybrid Appraisals were tested and failed. So what does Fannie Mae do? Let’s call them Desktops with third party inspectors. Fannie Mae has announced they will soon start accepting Desktop Appraisals. The appraiser does not inspect the property; however an interior floor plan including walls is required. This in itself is over and above what most appraisers typically provide.

Inspection 128

Inspection Appraisal 128

Appraisal Buzz

FEBRUARY 14, 2022

Home Point Financial Corp. , a subsidiary of Home Point Capital Inc., one of the nation’s leading mortgage originators and servicers, today announced an agreement with ServiceMac LLC , a mortgage servicer and a member of the First American family of companies, to handle Homepoint’s servicing operations. With this arrangement, Homepoint’s servicing associates will have the opportunity to join the ServiceMac team.

Mortgage 195

Mortgage Appraisal 195

Mashvisor

FEBRUARY 14, 2022

Every traveler falls in love with the natural beauty of Marco Island, Florida. It is one of the most incredible spots on the planet for a wonderful holiday.

Investing 63

Investing Investors 63

Appraisal Buzz

FEBRUARY 14, 2022

This article was originally published on the Sacramento Appraisal Blog here. Sometimes crossing the street can make all the difference for value. In short, if we don’t understand where a neighborhood starts and ends, we might choose the wrong comps. Let’s talk about that today. I welcome your constructive and thoughtful comments. Photo used with permission (thanks Vicky ). 1) BOUNDARIES MATTER: Here is a real example of how important neighborhood boundaries can be.

Appraisal 195

Appraisal Buyers Real Estate Legal 195

Mashvisor

FEBRUARY 14, 2022

Generating a passive income isn’t exactly as passive as it seems. The misconception behind it lies on this one word: passive.

Investing 69

Investing Real Estate Investors 69

Appraisal Buzz

FEBRUARY 14, 2022

The Federal Housing Finance Agency (FHFA) has released a draft of its strategic plan for 2022-2026 and is requesting input on the plan from the general public. The plan is meant to be a “transparent roadmap” that will guide the agency in its role as regulator of the Federal Home Loan Bank System and as … The post FHFA Releases Strategic Plan for 2022-2026 appeared first on DSNews.

Finance 150

Finance Appraisal 150

Mortgagebroker News

FEBRUARY 14, 2022

A prominent figure says concern on surging house prices is prompting many parents to purchase for their children today

Housing Market 69

Housing Market Marketing 69

Appraisal Buzz

FEBRUARY 14, 2022

Commercial and multifamily mortgage loan originations were 79% higher in the fourth quarter of 2021 compared to a year ago, and increased 44% from the third quarter of 2021. This is according to the Mortgage Bankers Association ‘s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, which was released today at the 2022 Commercial/Multifamily Finance Convention and Expo. “The fourth quarter of 2021 was a record end to a record year of borrowing and lending.

Lending 150

Lending Finance Mortgage Appraisal 150

BiggerPockets

FEBRUARY 14, 2022

Much of my coaching methodology centers around aiming for big targets. My work combats the social conditioning that tells us setting big goals is unrealistic. If someone asked me, “What is a common problem with goal setting?”, my answer would be aiming too low.

Development 58

Development Investing Real Estate 58

Appraisal Buzz

FEBRUARY 14, 2022

Omicron issues, combined with inflation concerns, and Fed tapering are pushing mortgage rates out of reach for those on the fence of obtaining a refinance. The post Refinance Activity Continues to Fall appeared first on DSNews. The post Refinance Activity Continues to Fall appeared first on Appraisal Buzz.

Appraisal 195

Appraisal Mortgage 195

BiggerPockets

FEBRUARY 14, 2022

Lifestyle creep, budget hesitancy, and cash scarcity are problems you’d likely hear from someone just getting into the realm of financial independence/literacy. But, funnily enough, these wealth woes aren’t coming […].

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Appraisal Buzz

FEBRUARY 14, 2022

According to Fitch Ratings, non-bank mortgage servicers should expect increased regulatory scrutiny in the coming months as pandemic-related government forbearance programs expire and borrowers transition into other permanent loss mitigation alternatives or default. “The U.S. mortgage industry is subject to extensive federal- and state-level regulations, which rapidly evolved during the economic fallout from the pandemic … The post Non-Bank Mortgage Servicers Should Expect Increased Regul

Mortgage 195

Mortgage Government Appraisal 195

Mortgagebroker News

FEBRUARY 14, 2022

Executives on the growth of the private alternative space – and what's coming down the tracks

Lending 69

Lending 69

Mashvisor

FEBRUARY 14, 2022

When examining various investment opportunities, investors implement a variety of measures.

Investors 69

Investors Investing Real Estate Marketing 69

Property Metrics

FEBRUARY 14, 2022

What is Year Over Year (YOY)? YoY stands for Year over Year and is a type of financial analysis used to compare results from a period of time in one year to the same period of time in the prior year. YoY analysis is widely used in finance and economic analysis and is helpful for quickly understanding growth trends from year to year. YoY Formula. The YoY formula is defined as the current year’s value divided by the previous year’s value minus 1: For example, suppose net operating income for a pro

Tenants 36

Tenants Contracts Real Estate Finance 36

Mortgagebroker News

FEBRUARY 14, 2022

"This is your gold mine. Build it and protect it.

Mortgage 61

Mortgage 61

Housing Wire

FEBRUARY 14, 2022

Freddie Mac has named former Wells Fargo deputy general counsel Heidi Mason its new general counsel. Mason will assume the role March 7, and will replace Jerry Weiss, who has been general counsel on an interim basis since March 2021. Weiss will continue to serve as Freddie Mac’s senior executive liaison to its conservator, the Federal Housing Finance Agency , and Treasury, which holds warrants to purchase 79.9% of the GSEs’ common stock, in his longtime role of chief administrative officer.

Legal 370

Legal Law Lending Development 370

Appraisal Buzz

FEBRUARY 14, 2022

Of the $2.6 trillion (10%) of outstanding commercial and multifamily mortgages held by non-bank lenders and investors, $248.8 billion will mature in 2022, which is a 12% increase from the $222.5 billion that matured in 2021. This is according to the Mortgage Bankers Association ‘s Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes. “A large share of the balance of loans maturing this year and in 2023 are either shorter-term loans included in single-asset single-borrow

Mortgage 195

Mortgage Marketing Real Estate Investors 195

Hank Miller Team

FEBRUARY 14, 2022

Although it’s become all too common to hear “…once in a lifetime” or “…once is a hundred years”; the 2020 market and most aspects of the 2021 real estate market could be described in those ways. No one anticipated the impact of Covid and the subsequent impact of billions in government subsidies. But now the brakes are being applied and economists wonder, what will the 2022 Atlanta real estate market look like?

Real Estate 52

Real Estate Marketing Inventory Sellers 52

AmeriMac

FEBRUARY 14, 2022

One of the most important parts of any real estate transactions is by far the appraisal process. Here, a trained professional will gather as much information about a home as possible – along with information about comparable homes in the area – to determine a fair market value. This is crucial, as no bank will ever sign off on a mortgage for more than a property is worth.

Appraisal 36

Appraisal Appraisal Process Real Estate Legal 36

Housing Wire

FEBRUARY 14, 2022

The Federal Housing Finance Agency (FHFA), in its new strategic plan, indicated it is heading in a different direction than under the Trump administration. The conservator of Fannie Mae and Freddie Mac on Wednesday laid out three broad strategic goals for 2022 to 2026: safety and soundness, equitable access to affordable and sustainable housing, and responsibly managing FHFA’s infrastructure.

Appraisal Process 370

Appraisal Process Finance Appraisal Modernization 370