Housing Wire

MAY 15, 2024

The most anticipated economic report of the month showed that inflation cooled down a little in April, bringing relief to investors and housing industry professionals. Consumer prices in April were up 3.4% from a year earlier, down from 3.5% in March , according to data released by the Bureau of Labor Statistics on Wednesday. The reading, which came on the heels of the past three stronger-than-expected CPI releases, aligned with economists’ forecasts.

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Construction Investors Marketing Mortgage 411

Real Estate News

MAY 15, 2024

Rates have gone up considerably in the past few years, but is the fear of losing a low-rate mortgage really keeping homeowners from selling?

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Housing Market Mortgage Marketing 278

Housing Wire

MAY 15, 2024

VantageScore has released a pilot of its latest credit-scoring model , VantageScore 4 Plus, for banks, fintechs and government lenders. The new model combines alternate open banking data with traditional credit data , which it claims gives lenders a “substantial predictive lift of up to 10% compared to the industry leading VantageScore 4.0 credit score, which itself has up to an 8% lift over conventional scoring models.” VantageScore said its new pilot is compatible with all major ag

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Lending Government Finance Mortgage 417

Real Estate News

MAY 15, 2024

Sentiment drops for the first time since November, with persistent inflation and concerns about new federal rules dampening builders’ outlook.

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Housing Wire

MAY 15, 2024

Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years. Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption.

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Investors Mortgage Marketing Finance 402

Appraisal Buzz

MAY 15, 2024

Machines à Sous Casino Gratuit Or, le résultat n’est souvent pas à la hauteur des attentes. Pour immerger les joueurs dans le thème casino vous pouvez agrémenter votre salle ou table de réception de décoration avec des jetons, cartes ou faux dollars. De plus, les retraits sont extrêmement rapides et mettent seulement quelques minutes à arriver en fonction de l’état du réseau.

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Finance Appraisal 195

Appraisal Buzz

MAY 15, 2024

OneTrust Home Loans is now using LenderLogix ‘ Fee Chaser product to streamline its operations and compliantly collect upfront fees from its borrowers. Fee Chaser’s direct integration with OneTrust Home Loans’ loan origination system (LOS) enables loan officers and other support staff to send a unique payment link to the borrower with one click. Once borrowers pay using the link, Fee Chaser delivers a receipt to all parties and automatically updates the loan file within the LOS.

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Housing Wire

MAY 15, 2024

This is an excerpt of a HousingWire Research report titled: What Everyone Needs to Know about Mortgage Rate Lock-in, by Altos President Mike Simonsen. In the 24 months beginning March 2022, the U.S. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously.

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Mortgage New Listings Inventory Sellers 385

Appraisal Buzz

MAY 15, 2024

Clear Capital ‘s suite of valuations solutions is now available through Dark Matter ’s Exchange Service Network, an API marketplace for mortgage lenders, servicers and service providers that helps manage electronic data exchange between them. That means companies using the Empower loan origination system (LOS) and other notable systems of record will have access to a broad range of Clear Capital products and services, including ClearAVM, Clear Capital’s automated valuation model (AVM).

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Valuation Inspection Investors Clients 195

Housing Wire

MAY 15, 2024

Many prospective U.S. homebuyers fear missing out on the perks of owning a home. According to the newest Bank of America Homebuyer Insights Report , 72% of respondents worry about potential rent hikes impacting their finances. The report also reveals growing uncertainty about whether to rent or buy, with 57% of survey respondents unsure if now is a good time to purchase a home, compared to 48% last year.

Buyers 378

Buyers Lending Finance Marketing 378

Appraisal Buzz

MAY 15, 2024

Luis Campudoni has been named chief information officer for the Federal Housing Finance Agency (FHFA) while Mary Peterman has been named chief financial officer. Campudoni has more than 25 years of experience in information technology. He recently joined FHFA after spending two years as the deputy chief information officer at the Small Business Administration (SBA), where he led, executed, and oversaw the information technology products, services, and operations that supported the SBA’s mission.

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Government Finance Technology Insurance 195

Housing Wire

MAY 15, 2024

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. On Tuesday, NYCB said it entered into a commitment letter with JPMorgan. The transaction is subject to due diligence, negotiation of definitive terms and other closing conditions.

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Mortgage Lending Business Finance 376

Appraisal Buzz

MAY 15, 2024

There were 31,649 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in April, down 4% compared with March and down 4% compared with April 2023, according to ATTOM. Maryland, Illinois, and Nevada posted highest foreclosure rates for the month. Lenders started the foreclosure process on 21,753 properties in April, down 7% compared with March and down 3% compared with April 2023.

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Real Estate Development Housing Market Appraisal 195

Housing Wire

MAY 15, 2024

From 2010 to 2024, the reverse mortgage industry sought to allow remote reverse mortgage counseling in the state of Massachusetts, citing an insufficient number of actual counselors and logistical challenges for senior clients. But as time dragged on and state lawmakers seemed unwilling to seriously entertain the proposal, the ravages of the COVID-19 coronavirus pandemic helped to change the dynamics of the situation.

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Logistics Mortgage Law Business 372

Appraisal Buzz

MAY 15, 2024

Mortgage application volume increased 0.5% during the week ended May 10, as the average rate for a 30-year, fixed-rate mortgage dropped to 7.08%, down from 7.18% one week earlier, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances increased 5% compared with the previous week and were up 7% compared with the same week one year ago.

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Mortgage Inventory Appraisal 195

Housing Wire

MAY 15, 2024

Older voters in the battleground state of Pennsylvania are poised to make their presence — and preferences — felt in the upcoming fall elections that will determine control of the White House , the U.S. House of Representatives and the U.S. Senate. Chief on their minds are issues that include Social Security and aging in place. This is according to a poll of voters within the state conducted by AARP Research , which tabulated survey data from voters ages 50 and older.

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Appraisal Buzz

MAY 15, 2024

Today on the Appraisal Buzz, host Hal Humphreys interviews Craig Capilla, Partner of Franklin, Greenswag, Channon & Capilla and one of the leading lawyers representing appraisers for the real estate appraisal industry. Craig tells us a bit about his history in the industry and how he ended up as a lawyer working with real estate appraisers. We also discuss some of the takeaways appraisers can glean from Capilla’s “Mock Trial” session at the ACTS conference this year.

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Real Estate Appraisal 195

Housing Wire

MAY 15, 2024

A lot has been said about the ‘silver tsunami,’ with predictions that baby boomers will move in droves , suddenly unlocking tons of inventory for younger homebuyers. After all, boomers own almost 10 million homes and are likely considering a lifestyle change. Our data supports this prediction: 85% of baby boomers who are planning to sell their homes in the next 5 years will actually do so in the next three.

Design 359

Design Buyers Construction Marketing 359

George Dell

MAY 15, 2024

It is easy to be critical. Harder to be “right.” In order to be really right, it is important to know how to be very critical! Critical thinking is a professional must. Rule #1: Remember that imposing your belief comes first. Rule #2: How you got to your starting position doesn’t really matter. Rule #3: […] The post Get Critical? appeared first on George Dell, SRA, MAI, ASA, CRE.

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Appraisal 195

Housing Wire

MAY 15, 2024

In the contemporary digital landscape , one of the principal threats to an organization’s cybersecurity infrastructure stems from sophisticated email phishing attacks. The increasing complexity of these tactics necessitates a strategic approach to arm employees with essential skills and knowledge, thereby enhancing their ability to recognize and neutralize such threats.

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Training Tools Technology 350

Inman

MAY 15, 2024

Homebuyers have yet to respond in force to drop in rates, which have been in retreat from 2024 highs for three consecutive weeks following Fed easing and soft jobs and CPI reports.

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Mortgage Marketing 179

Housing Wire

MAY 15, 2024

With mortgage rates hovering north of 7% for the past few months, builder confidence declined for the first time since November 2023. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) sat at 45 in May, down 6 points from April ’s reading of 51, according to data released on Wednesday. The HMI is a monthly survey that gauges NAHB members’ perceptions of newly built single-family home sales, expected sales for the next six months and potential homebuyer traffi

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Buyers Housing Market Insurance Construction 347

Inman

MAY 15, 2024

On the heels of the National Association of Realtors’ midyear meeting, broker-owner Teresa Boardman wonders why NAR doesn’t livestream (and engage) more members.

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Realtors Brokerage Agents 169

Housing Wire

MAY 15, 2024

Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years. Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption.

Marketing 340

Marketing Investors Mortgage Finance 340

Eyes on Housing

MAY 15, 2024

With mortgage rates averaging above 7% for the past four weeks per data from Freddie Mac, builder sentiment posted its first decline since November 2023. Builder confidence in the market for newly built single-family homes was 45 in May, down six points from April, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing.

Mortgage 158

Mortgage Marketing Housing Market 158

Housing Wire

MAY 15, 2024

The Community Home Lenders of America (CHLA) on Wednesday released a plan that it says would “modernize” Ginnie Mae , the government-owned company that manages the securitization of government-sponsored loans. The CHLA argues that Ginnie Mae has not been given sufficient budget authority by the congressional appropriations process despite the value it generates.

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Modernization Government Contracts Insurance 338

Inman

MAY 15, 2024

The lender boosted mortgage volume 25 percent from Q4 but suffered a $51 million loss, according to Q1 earnings data on Tuesday. CEO Vishal Garg said Better's future "lies in Uberizing the loan officer.

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Loan Officers Mortgage Finance Marketing 158

Housing Wire

MAY 15, 2024

Remote online notarization (RON) firm Proof has launched an artificial intelligence (AI)-powered fraud detection tool called Defend. According to the company’s announcement on Tuesday, the tool is built into the Proof platform. The firm said it was inspired to create the tool due to a desire to stop the $81 billion in annual losses in the U.S. caused by falsified records, forged signatures and identity theft.

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Tools Real Estate Business Technology 327

Inman

MAY 15, 2024

JPMorgan Chase Bank has agreed to buy about $5 billion in mortgage warehouse loans from NYCB. Flagstar will continue retail and wholesale mortgage lending and servicing operations.

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Business Retail Lending Mortgage 152

Yolo Solano Appraisal Blog

MAY 15, 2024

My goal is to regularly produce local real estate market trend analysis on a monthly basis, focused on my primary markets of Yolo County and Northern Solano County. I’ll have Solano County analysis next week. I’ll also mix in relevant news and articles of interest.

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Marketing Realtors Real Estate Sellers 148

Inman

MAY 15, 2024

Don't miss your opportunity to celebrate success and innovation. Submit nominations in 13 categories by Friday before winners are announced this August.

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Eyes on Housing

MAY 15, 2024

Both overall and core inflation eased slightly in April amid higher costs for gasoline and shelter. On a year-over-year (YOY) basis, the shelter index rose by 5.5% in April, following a 5.7% increase in March. Despite a slowdown in the YOY increase, shelter costs continue to put upward pressure on inflation, accounting for nearly 70%.

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Inman

MAY 15, 2024

A collaboration with Christie's International Real Estate Sereno has helped Ullman Group founder Cody Ullman get his new niche luxury brokerage off the ground and gain a foothold in California

Real Estate 136

Real Estate Brokerage Marketing 136

Boston Appraisal

MAY 15, 2024

In the intricate world of real estate investment, an understanding of local zoning laws and broader land use regulations is paramount. These frameworks not only shape how properties can be used but also have a profound impact on their market value. For investors, a nuanced grasp of these legal aspects is essential to navigate the complexities of the real estate market and to capitalize on investment opportunities.

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Law Real Estate Investors Legal 78