Housing Wire

MARCH 17, 2021

In concert with its ultimatum to brokers that they not use Rocket Pro TPO and Fairway Independent Mortgage , United Wholesale Mortgage on Wednesday officially released a new jumbo product. The Pontiac, Michigan-based wholesale lender , which discontinued jumbo products at the onset of the pandemic, is offering its mortgage broker partners a jumbo product that goes up to $2 million, with a loan-to-value ratio of up to 89.99%. “Prime Jumbo,” as it is dubbed, offers competitive rates, s

Retail 407

Retail Mortgage Investing Business 407

George Dell

MARCH 17, 2021

Legacy appraisal practice “the valuation process” is well established. Therein lies the problem. It is not designed to use modern methods toward objective, unbiased results. First, lets distinguish the different kinds of bias. We need to separate personal bias from analytic bias. Personal bias can be intentional, or unintentional (unconscious). Analytic bias itself can come […].

Appraisal 195

Appraisal Modernization Valuation Design 195

Housing Wire

MARCH 17, 2021

Mortgage applications dropped for the second straight week — falling 2.2%, according to the latest report from the Mortgage Bankers Association. The continued increase in mortgage rates is to blame, according to MBA’s Associate Vice President of Economic and Industry Forecasting Joel Kan. Rates have jumped north of 3% , with most recent reports showing it hovering around 3.5%.

Mortgage 407

Mortgage Contracts Construction Marketing 407

DataMaster

MARCH 17, 2021

Real estate transactions should be bias-free. As most appraisers know, the Appraisal Foundation issued an exposure draft of a complete revision of Advisory Opinion 16 on March 1st. With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. Advisory Opinion 16. Advisory Opinion 16 made its debut in USPAP’s 1997 edition.

Appraisal 141

Appraisal Inspection Law Property Appraisal 141

Housing Wire

MARCH 17, 2021

Lovell Minnick Partners , a private equity firm that acquired ATTOM Data Solutions in 2019, announced Wednesday morning that it’s diving further in to the housing space with the acquisition of UniversalCIS. Lovell Minnick acquired a majority stake in the Philadelphia-based company, which itself has been acquiring companies of late , specializes in providing tech platforms that initialize credit data along with verifications of borrowers’ social security, asset, employment and income.

Technology 383

Technology Lending Investing Insurance 383

Appraiserblogs

MARCH 17, 2021

Bill A5185 and AMC Bill A5146 introduced to the state legislature in New Jersey show just how much state legislators don’t understand the appraisal profession. Valuation Legal warned us about this back in December: Appraiser and AMC Laws to Include Prohibitions Against Discrimination. From Bill A5185: 2. a. Prior to the initiation of a residential property appraisal, a holder of a license or certification under P.L.1991, c.68 (C.45:14F-1 et seq.) or registration under P.L.2017, c.72 (C.45:14F-27

Appraisal 117

Appraisal Law Legal Sellers 117

DataMaster

MARCH 17, 2021

Real estate transactions should be bias-free. As most appraisers know, the Appraisal Foundation issued an exposure draft of a complete revision of Advisory Opinion 16 on March 1st. With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. Advisory Opinion 16 Advisory Opinion 16 made its debut in USPAP’s 1997 edition.

Appraisal 78

Appraisal Inspection Law Property Appraisal 78

Housing Wire

MARCH 17, 2021

Analytics behemoth Black Knight is back on the acquisitions hunt. The firm acquired a cloud-based loan origination system from NexSpring Financial in an effort to expand its broker product offerings. According to a news release, the platform will be rebranded and integrated into Black Knight’s Empower LOS so brokers can use both systems at the same time.

Brokerage 370

Brokerage Technology Tools Lending 370

DataMaster

MARCH 17, 2021

Real estate transactions should be bias-free. As most appraisers know, the Appraisal Foundation issued an exposure draft of a complete revision of Advisory Opinion 16 on March 1st. With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. Advisory Opinion 16. Advisory Opinion 16 made its debut in USPAP’s 1997 edition.

Appraisal 78

Appraisal Inspection Law Property Appraisal 78

Housing Wire

MARCH 17, 2021

HousingWire’s newest Marketing Leaders award recognizes marketing executives like David King , CMO of A&D Mortgage who have been leading their teams to pivot marketing strategies to adapt to client needs in recent months. “We recognized that explaining and marketing our unique value proposition had to be done more quickly and clearer than ever before,” King said.

Marketing 382

Marketing Logistics Mortgage Lending 382

Yolo Solano Appraisal Blog

MARCH 17, 2021

The pandemic has changed all of our lives in the past year. In local real estate, activity paused in March and April as shelter-in-place orders took effect. The Fed dropped interest rates to zero, pushing mortgage rates to historic lows. Homes became more affordable but inventory (the amount of time to sell the current number […].

Real Estate 78

Real Estate Inventory Marketing Mortgage 78

Valuation Review

MARCH 17, 2021

While mortgage lenders have been buying and installing technology at a rapid pace since the COVID-19 pandemic began, many aren’t actually using it as much as they could be, according to the latest Insights Report from mortgage advisory firm STRATMOR Group. Read on to learn more.

Technology 60

Technology Mortgage 60

McKissock

MARCH 17, 2021

Written by Debbie De Grote. It is very common for agents to be excited about increasing their sales price to sell properties in the high-end and luxury home market. Maybe you’ve watched a few of the luxury real estate reality shows, and they sure make it look glamorous, don’t they? As a coach to many superstars in luxury home markets across North America, I can tell you that what you see on TV shows is not the reality of what really goes on in the trenches.

Marketing 52

Marketing Luxury Properties Real Estate Sellers 52

Valuation Review

MARCH 17, 2021

The JLL Valuation Advisory group promoted Erik Hill to national practice leader of healthcare, where he will help lead the growth of the firm’s healthcare valuation advisory business throughout the U.S., the company announced. Read on to learn more.

Valuation 60

Valuation Business 60

BiggerPockets

MARCH 17, 2021

Should real estate investors follow the 2% rule? We break down fact and fiction—and explain why it shouldn't drive your decisions.

Real Estate 70

Real Estate Investors 70

Valuation Review

MARCH 17, 2021

The Mortgage Industry Standards Maintenance Organization recently said it is seeking public comment on its Commercial Appraisal Dataset, according to an announcement from the Mortgage Bankers Association. Read on to learn more.

Appraisal 60

Appraisal Mortgage 60

BiggerPockets

MARCH 17, 2021

Fannie and Freddie recently announced new investment property limits. How will this affect real estate investors? Learn more here.

Investors 70

Investors Investing Real Estate 70

Valuation Review

MARCH 17, 2021

According the Fannie Mae’s economic and strategic research group, the U.S. economy is expected to grow 6.7 percent this year, up from last month’s forecast of 5.3 percent. “If 2020 was the year of the virus, then 2021 will more than likely be the year of the vaccine,” Fannie Mae Senior Vice President and Chief Economist Doug Duncan said in a release.

60

60

Eppraisal

MARCH 17, 2021

In 2010, the Harvard University Medical School published five benefits that come with spending time out of doors. They were an uptick in vitamin D levels; an increase in physical activity; an elevation of mood; improvement in concentration; and an acceleration of healing of illness or injury. These findings underscore why the external component of a residence is so important to the well-being of the inhabitants.

Decorating 36

Decorating Luxury Properties Home Value Investing 36

Valuation Review

MARCH 17, 2021

Donegal Insurance Group, a family of property and casualty insurance companies, has selected CoreLogic as its technology provider. The move should help power and streamline property claims operations and help improve the policyholder experience. Read on to learn more.

Insurance 60

Insurance Technology 60

BiggerPockets

MARCH 17, 2021

Steve Trang is all over social media, he runs a real estate brokerage, a sales training business, and a title company, but he didn’t start out as a real estate […].

Training 36

Training Real Estate Brokerage Business 36

Valuation Review

MARCH 17, 2021

A perspective from an AMC company. In a letter sent to the Federal Housing Finance Agency (FHFA) Office of Housing and Regulatory Policy, Class Valuation outlined its thoughts on the agency’s Request for Information (RFI) on appraisal modernization. Read on to learn more.

Modernization 60

Modernization Appraisal Valuation Finance 60

Miller Samuel

MARCH 17, 2021

Last Friday I had a fun discussion with Lisa Abramowicz on Bloomberg Surveillance. It's been bedlam in Appraiserville so I've been slow to post it. The New York to Florida housing migration story has been a bit one sided with optics that suggest 9 people will be left in Manhattan by the summer time despite that Manhattan contract activity beginning to surge.

Contracts 372

Contracts Real Estate Appraisal 372

Housing Wire

MARCH 17, 2021

The latest report from the U.S. Census found that new home starts from homebuilders fell a staggering 10.3% from January, and 9.3% from February 2020. The culprits? High building material costs and low inventory , dueling problems that continue to plague homebuilders into the second quarter of 2021. Single-family starts decreased 8.5% to a 1.04 million seasonally adjusted annual rate.

Construction 469

Construction Inventory Lending Mortgage 469

Housing Wire

MARCH 17, 2021

Last week, the U.S. House of Representatives passed what is known as the PRO Act , a bill which aims to empower unions in the 27 “right to work” states and impose the Dynamex ABC test regarding independent contractor status on the country as a whole. Realtors be forewarned. If the PRO Act can attract 10 US Senators (and thus survive an expected filibuster), Realtors who fail to self-incorporate will automatically become employees of their brokerage firm.

Realtors 540

Realtors Real Estate Agents Law 540