Fri.Feb 11, 2022

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As the market shifts to purchase, LOs get creative

Housing Wire

Maryland has over a dozen Eastern European stores that sell products like caviar, pumpernickel bread and salo, a Ukrainian-style bacon. Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. Just before a customer buys a container of pre-made Borscht, they see Naumovych’s business cards and flyers that lay neatly near the checkout area.

Marketing 395
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Mortgage Delinquencies Decrease in Q4

Appraisal Buzz

This number is down 23 basis points from the third quarter of 2021 and down 208 basis points from one year ago. For the survey, MBA servicers reported loans in forbearance as delinquent if the payment was not made based on the original terms of the mortgage. “Mortgage delinquencies descended in the final three months of … The post Mortgage Delinquencies Decrease in Q4 appeared first on DSNews.

Mortgage 221
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HW+ Virtual 2022 Forecast Event

Housing Wire

Forecasts take on a new meaning this year as we enter our second year of economic forecasting in a COVID-19 world. This 2022 forecast event brought together some of the top economists and researchers in the housing space, equipping attendees with the insights and data they need to navigate the year ahead. The following on-demand event is an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business and the biggest questions and

Business 395
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What Kind of Appraisal Support Do You Want?

Cleveland Appraisal Blog

Several years ago, before the pandemic, I signed up for the Cleveland Half Marathon. Well, the pandemic struck the spring of the marathon. I was given the option to postpone my run for a couple of years. So, I did. When I signed up several years ago, I had some work to do to get back into running shape. Sadly, since that time, I consumed too many peanut M&M’s whilst binging movies for an extended period, which has not helped my running.

Appraisal 221
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Will rising interest rates impact VA loans for first-time homebuyers?

Housing Wire

The VA loan is an important financing tool for VA-eligible borrowers to achieve their homeownership dream. In 2021 one in two VA borrowers was a first-time homebuyer (FTHB). . Last year, mortgage interest rates reached record lows. The average VA FTHB’s interest rate was 2.90% and the quarterly FTHB VA purchase loan volume stayed elevated. In Q3 2021, it reached a record level of over $19 billion for that quarter, $174 million higher than Q3 2020.

Buyers 383
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Mortgage Delinquencies Decrease in Q4

Appraisal Buzz

This number is down 23 basis points from the third quarter of 2021 and down 208 basis points from one year ago. For the survey, MBA servicers reported loans in forbearance as delinquent if the payment was not made based on the original terms of the mortgage. “Mortgage delinquencies descended in the final three months of … The post Mortgage Delinquencies Decrease in Q4 appeared first on DSNews.

Mortgage 195

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Mr. Cooper, Sagent Sign Mortgage Servicing Technology and Equity Stake Deal

Appraisal Buzz

Mr. Cooper Group Inc. and Sagent M&C LLC have signed a definitive agreement under which Sagent will buy certain intellectual property rights related to Mr. Cooper’s proprietary, cloud-based technology platform for mortgage servicing. Mr. Cooper will receive an equity stake in Sagent. This agreement will leverage Mr. Cooper’s mortgage servicing depth and Sagent’s software speed to create a cloud-native, homeowner-first servicing platform.

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Are refinance and agency volumes truly threatened in 2022?

Housing Wire

It is possible to continue to increase your volume this year despite current challenges. We know that refinance volume is declining, Agency business will shrink and get more expensive and an increasing number of borrowers will not qualify under Agency guidelines. Non-QM is a solution for these challenges and these loans are easy to do. . Below are current market obstacles and how Angel Oak Mortgage Solutions can help through non-QM products.

Business 370
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Mr. Cooper and Sagent Partner on Cloud-Native Servicing Platform

Appraisal Buzz

Multi-year deal will integrate Mr. Cooper’s software platform into Sagent to accelerate the modernization of America’s top banks and lenders. The post Mr. Cooper and Sagent Partner on Cloud-Native Servicing Platform appeared first on DSNews. The post Mr. Cooper and Sagent Partner on Cloud-Native Servicing Platform appeared first on Appraisal Buzz.

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Mr. Cooper, Sagent to jointly build cloud servicing platform

Housing Wire

Mr. Cooper , one of the nation’s top servicers, and Sagent, a loan servicing software developer, announced on Friday that they will join forces to create a cloud-native servicing platform. The definitive agreement reached by both parties stipulates that Mr. Cooper will sell certain intellectual property rights related to its proprietary, cloud-based technology platform for mortgage servicing to Sagent.

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The Week Ahead: Balancing Tech With the Human Touch

Appraisal Buzz

On February 16, the Five Star Institute will present a webinar focusing on how an empathetic approach to the forbearance process can promote customer loyalty. The post The Week Ahead: Balancing Tech With the Human Touch appeared first on DSNews. The post The Week Ahead: Balancing Tech With the Human Touch appeared first on Appraisal Buzz.

Appraisal 195
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Letter to Fannie Mae on ANSI Measurements

National Association of Realtors

NAR asked Fannie Mae to delay implementation of this new requirement until Freddie Mac, FHA, VA and USDA adopt the same requirement to reduce confusion.

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What Cash on Cash Return by City Should Real Estate Investors Expect in 2022?

Mashvisor

The cash on cash return is an annual measure of income earned by a real estate investor on a property relative to the amount the investor initially spent to purchase…

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What would a massive US rate hike mean for Canada?

Mortgagebroker News

At least one Fed increase is now expected to be "supersized" – with possible repercussions north of the border

69
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Airbnb Winter Haven FL: Should You Invest in 2022?

Mashvisor

If you’re looking to invest in real estate in 2022, you might have considered Airbnb Winter Haven FL. However, does actual data reflect that it will be lucrative?

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Rookie Podcast 156: Rookie Reply: What’s The BEST Vacation Rental Loan?

BiggerPockets

This week’s question comes from Xavier through Ashley’s Instagram direct messages. Xavier is asking: Can I use an FHA loan for a vacation rental? What’s the best way to scale […].

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Alltherooms vs Airdna: What is the Best Option for Investors?

Mashvisor

So, you want to start making money in real estate through Airbnb? Now, if you do, how would an article on AllTheRooms vs AirDNA help you with tt?

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Canada's housing supply crisis – how bad is it?

Mortgagebroker News

Figures reveal that there are fewer properties listed in Canada than ever before

69
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How to Eliminate Fees From Your Portfolio in Two Simple Steps

BiggerPockets

"It's not what you make, but what you keep" is an important adage—but it refers to a lot more than your savings. Here's what you should know.

Finance 56
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What's missing from Ontario's agent licence course?

Mortgagebroker News

Industry up-and-comer on what the province's education program needs to include

Agents 68
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Maximizing Your Rental Income (Part 4 - Prioritizing Rental Inquiries)

Eppraisal

The Realtor.com annual housing market forecast, published December 22, 2021, predicts "national rent growth of 7.1% for 2022." Home buyers cannot find homes to purchase because of the historic supply deficit of homes available for sale. As home values and prices have risen, fewer would-be home buyers are financially able to purchase homes now.

Tenants 36
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'Urban spread' continues unimpeded in Canada's largest markets

Mortgagebroker News

StatCan registers robust population growth in areas surrounding the largest urban markets

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As High Interest Mortgage Loans Loom Closer, Borrowers Are Scrambling to Refinance

Mashvisor

Applications for new home loans and refinancing jumped 12% week to week as homebuyers and borrowers avoid getting high interest mortgage loans.

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How is Canadian construction investment shaping up?

Mortgagebroker News

One segment continues to have a significant impact in Canada's construction investment

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Q4 2021: Multifamily Lending Standards Slightly Ease

Eyes on Housing

In the fourth quarter of 2021, the Federal Reserve’s Board’s Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices showed easing lending standards for Commercial Real Estate (CRE) loans, increased demand for multifamily loans, and moderately reduced demand for home loans (Residential Real Estate, RRE). In Q4 2021, multifamily loans’ demand, on net, was 37.7 percent stronger.

Lending 103
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Equitable Group reports crucial Q4, 2021 milestones

Mortgagebroker News

Alternative lender says it registered its best ever quarter

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Marriage Is No Longer a Prerequisite for Buying a Home

Appraisal Buzz

Once considered something of a prerequisite for buying a home, more couples are forgoing marriage and choosing to buy a house as partners instead of husband and wife. This new survey—conducted by market research and consulting firm HarrisX for Realtor.com—aims to find the motives behind single buyers and who they are choosing to buy a … The post Marriage Is No Longer a Prerequisite for Buying a Home appeared first on DSNews.

Buyers 195