Fri.Jun 11, 2021

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Profit margins are just going to get worse, lenders say

Housing Wire

Lenders’ profit margin outlook declined in the second quarter of 2021, the third consecutive quarter of pessimism on the profit front, according to Fannie Mae ‘s quarterly Mortgage Lender Sentiment Survey. According to the second-quarter survey, 69% of lenders believe profit margins will decrease in the three months ahead compared to 52% in the prior quarter.

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Industry Reacts to HUD Deputy Secretary Confirmation

Appraisal Buzz

Housing advocates express support for the U.S. Senate Committee on Banking, Housing, and Urban Affairs’ unanimous confirmation of former NAHRO CEO Adrianne Todman. The post Industry Reacts to HUD Deputy Secretary Confirmation appeared first on theMReport.com. The post Industry Reacts to HUD Deputy Secretary Confirmation appeared first on Appraisal Buzz.

Appraisal 370
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RealTrends 1000: 50% increase in transaction sides in ’20

Housing Wire

No surprise, big growth is the theme of 2020, with RealTrends + Tom Ferry The Thousand and America’s Best Real Estate Professionals showing huge boosts in transactions sides and volume, yet productivity has not increased year to year (2019-2020). Today, RealTrends + Tom Ferry announced the 16 th annual The Thousand list of America’s top 1,000 real estate sales professionals and teams.

Realty 437
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Experts Suggest No. 1 Way to Replenish Housing Inventory

Appraisal Buzz

A panel of 100-plus market experts and economists—who expect home prices to rise and new construction to slow—explore the best ways to change the current course. The post Experts Suggest No. 1 Way to Replenish Housing Inventory appeared first on theMReport.com. The post Experts Suggest No. 1 Way to Replenish Housing Inventory appeared first on Appraisal Buzz.

Inventory 370
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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

What’s the difference between a home inspection and an appraisal? Have you budgeted for closing costs? The home-buying journey can seem daunting when questions like these are around each turn. Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home.

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HUD Rescinds ‘Preserving Neighborhood and Community Choice’ Rule

Appraisal Buzz

Department Secretary Marcia Fudge says HUD will restore certain definitions and other selected parts from 2015’s Affirmatively Furthering Fair Housing rule, which the previous administration ended last year. . The post HUD Rescinds ‘Preserving Neighborhood and Community Choice’ Rule appeared first on DSNews. The post HUD Rescinds ‘Preserving Neighborhood and Community Choice’ Rule appeared first on Appraisal Buzz.

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More Trending

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Second Home Sales React to High Prices, New Regs; Refi Drought to Hit Lender Profits

Appraisal Buzz

Redfin says the second home market appears to be cooling although annual sales, measured by mortgage rate locks, were up nationwide by 48 percent in May. The company says, while that increase is substantial, it is the first time in a year that annual growth has fallen below 80 percent. Further, the year-over-year comparison is to a month when much of the nation was shut down by the COVID-19 pandemic.

Appraisal 370
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Industry groups urge Biden to let CDC eviction ban sunset

Housing Wire

A broad swath of the housing industry is calling for the Biden administration to let the Centers for Disease Control (CDC) eviction ban lapse at the end of this month. In a letter, 12 industry groups including the National Association of Realtors , the National Multifamily Housing Council , which represents large rental landlords, the National Apartment Association , the National Association of Home Builders and the Mortgage Bankers Association urged the Biden administration to allow the CDC lim

Landlords 417
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Are Looser Zoning Laws the Solution to Housing Shortage?

Appraisal Buzz

New construction is not the only path to replenishing the housing supply, it is the most plausible, experts conclude, and they say scaling back building restrictions could boost effectiveness. The post Are Looser Zoning Laws the Solution to Housing Shortage? appeared first on DSNews. The post Are Looser Zoning Laws the Solution to Housing Shortage? appeared first on Appraisal Buzz.

Law 358
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How Rocket Pro TPO continues to give its broker partners the upper hand

Housing Wire

Mortgage brokers are facing a vastly different landscape than this time last year. In 2020, the refinance boom caused lenders and brokers to go on hiring sprees, and loan originators were putting in substantial hours. Now, as refinance volume slows and we get deeper into homebuying season, purchase originations are dominating brokers’ time, resources and energy.

Appraisal 381
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The Week Ahead: Seeking Answers to the Issue of Affordability

Appraisal Buzz

The Harvard Joint Center for Housing Studies will spotlight its latest “The State of the Nation’s Housing 2021” report, as experts convene and present solutions to housing’s equality issue. The post The Week Ahead: Seeking Answers to the Issue of Affordability appeared first on theMReport.com. The post The Week Ahead: Seeking Answers to the Issue of Affordability appeared first on Appraisal Buzz.

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Real Estate Market Values Surge in the First Quarter

Eyes on Housing

The latest results from the Federal Reserve’s Z.1 Financial Accounts of the United States, i.e., the “Flow of Funds”, show that, in the first quarter of 2021, the aggregate market value of all owner-occupied real estate in the United States registered the largest numerical quarterly increase in the last 20 years’ worth of data. From $32.84 trillion in the fourth.

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The Week Ahead: Taking Aim at Community Redevelopment

Appraisal Buzz

A two-day virtual NeighborWorks America event set for Thursday and Friday will cover a number of pressing topics in the quest to bridge the gap in the housing divide. The post The Week Ahead: Taking Aim at Community Redevelopment appeared first on DSNews. The post The Week Ahead: Taking Aim at Community Redevelopment appeared first on Appraisal Buzz.

Appraisal 369
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FREE Webinar: Fannie Mae Q2 2021 Appraisal Update

McKissock

On Wednesday, June 30, 2021, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Fannie Mae Q2 2021 Appraisal Update.” In this special interactive webinar, Fannie Mae’s Collateral Policy Team will share policy updates impacting appraisers, dispel some common myths pertaining to Selling Guide policies, and provide insights regarding appraisal quality as well as actions related to significant appraisal defects.

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FHFA Requests Input on GSE Executive Pay

Appraisal Buzz

FHFA Director Mark Calabria says the information gathered will help the agency ensure transparent and appropriate compensation policies at Fannie Mae and Freddie Mac. The post FHFA Requests Input on GSE Executive Pay appeared first on DSNews. The post FHFA Requests Input on GSE Executive Pay appeared first on Appraisal Buzz.

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Please Subscribe

Appraiserblogs

We’re Moving Our Subscription Service! We are moving our subscription service from Google to a new service since Google FeedBurner is deprecating its email subscription beginning July 2021. Unfortunately, the new service does not allow us to import our subscribers from a third-party service such as FeedBurner. This is done to avoid spammers from abusing their system.

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Compensation for Fannie, Freddie Execs Under Consideration

Appraisal Buzz

As part of its duty to ensure that the GSEs operate in a safe and sound manner, FHFA is seeking input and will review leadership salaries for the first time since 2012. The post Compensation for Fannie, Freddie Execs Under Consideration appeared first on theMReport.com. The post Compensation for Fannie, Freddie Execs Under Consideration appeared first on Appraisal Buzz.

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Why Are the Rich Renting—And What Does It Mean for You?

BiggerPockets

Investor opportunity typically follows shifting demand, and if one recent development in real estate is any indication, significant opportunities may already be open in one particular asset segment. This development […].

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FREE Webinar: Fannie Mae Q2 2021 Appraisal Update

Appraisal Buzz

On Wednesday, June 30, 2021, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Fannie Mae Q2 2021 Appraisal Update.” In this special interactive webinar, Fannie Mae’s Collateral Policy Team will share policy updates impacting appraisers, dispel some common myths pertaining to Selling Guide policies, and provide insights regarding appraisal quality as well as actions related to significant appraisal defects.

Appraisal 195
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Inventory Is Key to a Stable Real Estate Market—Will It Recover?

BiggerPockets

It’s no secret that lack of housing inventory is a major factor in the crazy price appreciation in the current housing market. Without inventory recovering, we’re unlikely to return to a more stable housing market with a healthier growth rate.

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How to Maximize Your Real Estate Sales in 2021: The Real Estate Agent’s Guide 

Mashvisor

Being a successful real estate agent is an art, and it’s a skill you learn to cater to each home buyer and seller.

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Are first-time homebuyers being unfairly targeted?

Mortgagebroker News

One broker says "one-size-fits-all" approach is the wrong one

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9 Top Real Estate Shows to Watch in 2021

Mashvisor

Are you a beginner real estate agent or investor? Want to learn new tricks of the trade?

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Scotiabank's latest partnership to help newcomers get into the housing market

Mortgagebroker News

The bank has announced a "landmark commitment"

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Rookie Podcast 86: Rookie Reply: What Should I Look Out for on Mobile Home Parks?

BiggerPockets

This week’s question comes from Adri on the Real Estate Rookie Facebook Group. Adri is asking: I came across a seller financed mobile home park, this would be my first […].

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Online Auction in Short Hills-July 2021

Magnusson Group

Visit Sale View More Photos. Coming soon! Stay tuned for more details. Lots include: MCM and French style furniture including a Maitland Smith skyscraper chest of drawers, 19th and 20th century Chinese collections, vintage lighting; a vast selection of art glass including Limoges trinket boxes, Waterford crystal glasses, Stuben, Lalique, Tiffany and Co., Elsa Peretti, Cartier sterling silver art glass, Baccarat crystal vases and art glass, William Yeoward, Faberge, Kosta Boda; Basil Matthews dog

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New rapid housing investment announced for Quebec First Nations community

Mortgagebroker News

The funding will support the immediate construction of new, permanent affordable housing units

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Margins Slipping? Use Data for More Accurate, Dynamic Pricing

Housing Wire

The mortgage landscape continues to become increasingly more competitive each day. Thanks to the convenience of online rate-shopping tools, a boost in consumer knowledge of the homebuying process, and a growing number of independent mortgage banks, it is now more difficult than ever to lock in a borrower. What’s worse? These factors are causing profit margins to slip across the mortgage industry.

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ProTip: Collect New Client Information Using This Feature

GoForrmz

Simplify the collection of forms, data, and signatures with our Public Forms feature The ability to process and respond to new client inquiries is critical for any business. When relying on paper forms, inflexible PDFs , and cumbersome spreadsheets, client intake processes can be delayed or obstructed by manual workflows and time-consuming administrative tasks, like: Hand-delivering forms and information Emailing, printing, faxing, scanning, and filing forms Rekeying information into computer sy

Clients 143
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Regal Residence of a Discerning Collector, Part 1 Online Auction-Ends July 14, 2021

Magnusson Group

Visit Sale View More Photos. Call 973-425-1550 or email admin@themagnussongroup.com for all inquires. Sale begins to close. Wednesday, July 14th 2021 at 7:05 PM EDT. Buyer’s Premium: 18%. 157 Items. Auction Manager: Lauren Magnusson | (973) 425-1550 | Lauren@TheMagnussonGroup.Com. Special Instructions: Pick-ups will be onsite and run concurrently with our other auction from this single owner collection.