Housing Wire
SEPTEMBER 30, 2021
The average 30-year-fixed mortgage rate rose 13 basis points to 3.01% for the week ending Sept. 30, according to Freddie Mac’s latest PMMS survey. Mortgage rates had been roughly flat for seven weeks, and this is the first time it rose above 3% since June. Sam Khater, Freddie Mac’s chief economist, said in a statement that rates rose across all loan types, in conjunction with the 10-year U.S.
Appraisal Buzz
SEPTEMBER 30, 2021
The month of July saw home prices rise for the 14th consecutive month, forcing millennials and first-time buyers back to the sidelines. The post Home Prices See Record YoY Gains in July appeared first on theMReport.com. The post Home Prices See Record YoY Gains in July appeared first on Appraisal Buzz.
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Housing Wire
SEPTEMBER 30, 2021
The Department of Veterans Affairs announced this week that it is extending the timeframe for borrowers to request loan deferment. According to the VA’s circular, servicers may continue offering loan deferment until July 1, 2023, thus pushing the deadline nearly two additional years. The original expiration of this option was supposed to occur on Oct. 1, 2021.
Appraisal Buzz
SEPTEMBER 30, 2021
The vote passed along party lines with a 50-48 vote, clearing the way for Chopra to serve as Director of the Bureau. The post Senate Confirms Rohit Chopra as CFPB Head appeared first on DSNews. The post Senate Confirms Rohit Chopra as CFPB Head appeared first on Appraisal Buzz.
Housing Wire
SEPTEMBER 30, 2021
The COVID-19 pandemic has caused historic, unprecedented challenges for mortgage servicers. Forbearance deadlines get pushed back seemingly in perpetuity, and an unproven, inconsistent technology infrastructure has the potential to result in a series of foreclosure and loss mitigation crises. This was one contention made during a panel featuring leaders in the mortgage servicing profession held at HW Annual in Frisco, Texas this week.
Appraisal Buzz
SEPTEMBER 30, 2021
Irvine, California-based Impac Mortgage Holdings Inc has appointed two new members to its board of directors. First, Obi Nwokorie was appointed to the board with the position of Independent Director. Before being appointed to the board he served as EVP of Alternative Credit Products and also as Chief Investment Officer at Impac. Before coming to Impac, he served as Managing Director of Mortgage Trading at Seer Capital Management, as … The post Impac Mortgage Holdings Appoints Two New Boar
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Appraisal Buzz
SEPTEMBER 30, 2021
The U.S. Senate has approved the former FTC Chairman to assume the role of Bureau chief from Acting Director Dave Uejio. The post Rohit Chopra Officially Named CFPB Director appeared first on theMReport.com. The post Rohit Chopra Officially Named CFPB Director appeared first on Appraisal Buzz.
Housing Wire
SEPTEMBER 30, 2021
Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Kansas City, Missouri. “This is sick, and I want it to end,” said Sharon Aubuchon, a RE/MAX Premier Realty agent in Prairie Village, Kansas a suburb of Kansas City.
Appraisal Buzz
SEPTEMBER 30, 2021
This content is password protected. To view it please enter your password below: Password: The post Protected: Clear Capital has acquired CubiCasa, a Finland-based proptech startup appeared first on Appraisal Buzz.
Housing Wire
SEPTEMBER 30, 2021
The loan origination process can be time-consuming and inefficient due to manual processes. Origence has addressed these common pain points by launching the Origence Mortgage Platform, a tightly integrated point of sale and loan origination system. The Origence Mortgage Platform removes inefficiencies from the loan origination process through automation and configuration.
Appraisal Buzz
SEPTEMBER 30, 2021
The results of Freddie Mac ’s Primary Mortgage Market Survey (PMMS) show that the 30-year fixed-rate mortgage (FRM) averaged 3.01%. “Mortgage rates rose across all loan types this week as the 10-year U.S. Treasury yield reached its highest point since June,” says Sam Khater, Freddie Mac’s chief economist. “Many factors led to this increase, including the Federal Reserve communicating that it will taper its support of the capital markets, the broadening of inflation and emerging.
Housing Wire
SEPTEMBER 30, 2021
The use of tech in the current mortgage application process is disjointed and siloed. Borrowers, loan officers, and the corresponding processors and underwriters are often working on entirely different systems. Meanwhile, borrower’s real estate agents, brokers, and financial advisers may not even have access to those systems, preventing them from supporting their clients through what is typically the largest financial transaction of their lifetime.
Appraisal Buzz
SEPTEMBER 30, 2021
HUD provides a helping hand to counties in Vermont declared major disaster areas in the wake of late-July flash flooding. The post Vermont Flooding Victims Receive Federal Disaster Assistance appeared first on DSNews. The post Vermont Flooding Victims Receive Federal Disaster Assistance appeared first on Appraisal Buzz.
Housing Wire
SEPTEMBER 30, 2021
Most digital solutions in the lending industry are designed to solve one problem and built for one audience in mind. This fragmentation makes it difficult for everyone involved in the lending process to communicate with each other effectively. Stavvy has the power to bring these disparate components together. Stavvy enables digital transformation by helping organizations navigate complex financial and legal transactions easily and safely, which allows organizations to put customer experience at
Appraisal Buzz
SEPTEMBER 30, 2021
When the pandemic hit, the world was turned upside down. But as we adjusted to the new normal, exciting changes started taking place which includes new tools for loan servicers to connect to lenders. Servicing is going through a transformation, and B2B integration is emerging as a new normal for conducting business. The past year brought to light how … The post Markets Adapting To Digital Servicing appeared first on DSNews.
Housing Wire
SEPTEMBER 30, 2021
The housing industry experienced dramatic growth during the COVID-19 pandemic. With fluctuating volume, mortgage servicers are still struggling to effectively scale their business. Tack on the challenges presented by not being able to connect in person, and it’s clear that servicers are navigating a unique set of obstacles. Unfortunately, it doesn’t look like the world is going back to normal anytime soon.
Appraisal Buzz
SEPTEMBER 30, 2021
Rates have inched higher and higher over the past few weeks, finally moving past the 3% mark for the first time since late May. The post Mortgage Rates Finally Eclipse the 3% Mark appeared first on theMReport.com. The post Mortgage Rates Finally Eclipse the 3% Mark appeared first on Appraisal Buzz.
Housing Wire
SEPTEMBER 30, 2021
When the I Heart Real Estate team isn’t busy with clients, it’s a safe bet that the company is helping someone, somewhere, in a time of need. Founder and CEO Christopher Stevens insists on it. On the I Heart Real Estate blog section of the company website, a post authored by Stevens entitled “Do You Have Heart?” is near the top. An excerpt from the post reads “Confucius said, ‘wherever you go, go with all your heart.
Appraisal Buzz
SEPTEMBER 30, 2021
This content is password protected. To view it please enter your password below: Password: The post Protected: Digital GLA used in Clear Capital’s hybrid appraisal aligns to ANSI measurement standards appeared first on Appraisal Buzz.
Housing Wire
SEPTEMBER 30, 2021
It’s no secret the origination process is complex. And in today’s chaotic market, mortgage companies could benefit from a solution that streamlines the mortgage process so they can close more loans. Lenders need a digital platform that provides straight-through processing to improve their day-to-day workflow and maximize operational efficiencies. With a platform that leverages data and automates time-consuming tasks, mortgage companies can reduce costs and increase their revenue.
Appraisal Buzz
SEPTEMBER 30, 2021
In the latest installment of the DS News Webinar Series, experts from Freddie Mac and Sagent discuss how B2B integration boosts efficiency and provides value where your organization needs it the most. The post Webinar: Freddie Mac, Sagent Discuss Digital Servicing appeared first on DSNews. The post Webinar: Freddie Mac, Sagent Discuss Digital Servicing appeared first on Appraisal Buzz.
Eyes on Housing
SEPTEMBER 30, 2021
The Survey of Consumer Finances (SCF) provides detailed information on the finances of U.S. families, including income, net worth, balance sheet components, credit use, and other financial outcomes. A previous analysis indicated that the primary residence continued to be the largest asset category on the balance sheets of households in 2019 and it accounted for about one quarter of all.
Appraisal Buzz
SEPTEMBER 30, 2021
For the fourth consecutive month, the growth rate of housing prices in July set a record, continuing a trend of 14 consecutive months of growth. The post Homes Continue to Outprice Millennial and First-Time Buyers appeared first on DSNews. The post Homes Continue to Outprice Millennial and First-Time Buyers appeared first on Appraisal Buzz.
Riverfront Appraisals
SEPTEMBER 30, 2021
Welcome to the October edition of our blog series, The Loan Officer’s Guide to Appraisals. If you’ve been following along with us, you know this is part 10 in our year-long series on appraisals and the loan officer. In this series, we’ve addressed lots of useful information about the appraisal process, and today’s post is […]. The post The Loan Officer’s Guide to Appraisals Part 10: How Extraordinary Assumptions Are Used appeared first on Riverfront Appraisals.
Appraisal Buzz
SEPTEMBER 30, 2021
Through the acquisition of claims workflow solutions provider, CoreLogic seeks to further transform and digitize the property and casualty insurance claims marketplace. The post CoreLogic Acquires Next Gear Solutions appeared first on DSNews. The post CoreLogic Acquires Next Gear Solutions appeared first on Appraisal Buzz.
Empire Appraisal Group
SEPTEMBER 30, 2021
A Secret Bias Hidden in Mortgage-Approval Algorithms. An investigation found lenders still strongly favor white borrowers, but it raised a new question: What if a lender isn’t biased but its data, notably credit scores, is? NEW YORK – An investigation by The Markup determined that lenders in 2019 were more likely to refuse home loans to people of color than to white people with similar financial characteristics, even when adjusted for newly available financial factors that the mortgage industry
Mashvisor
SEPTEMBER 30, 2021
Contingencies are commonplace in real estate transactions, but they could derail a sale. These conditions in the contract specify when a buyer can back out without penalty.
BiggerPockets
SEPTEMBER 30, 2021
Strong frugality is hard to come by. Not many people would write off their solar system as a business expense and use bitcoin mining to provide heat to their house, […].
Will Springer Realtor
SEPTEMBER 30, 2021
El Monterey offers an oasis in a bustling city. Spanish and California architectural influences shape this boutique condo with exposed wood beams, colorful glazed tile and stain-glass windows. Enjoy a home with ample space for your own bedroom, living room with fireplace, dining room/home office, full kitchen and bath. Freshly painted interiors. Plus, free washer/dryer service on same floor.
Lamacchia Realty
SEPTEMBER 30, 2021
Kelly Dimbat has officially qualified for the 2021 President’s Club by surpassing $16,000,000 in sales volume this year! This is the first time Kelly has achieved this impressive milestone and we could not be more excited for her! Kelly has lived in Billerica since 2006 and has been a top-producing REALTOR® in Billerica and the surrounding communities for several years.
Mortgagebroker News
SEPTEMBER 30, 2021
Clive Coke, regional vice president for sales at Home Equity Bank, talks about the company’s focus on delivering reverse mortgages and excellent customer service
Eppraisal
SEPTEMBER 30, 2021
There is a lot of competition when buying a home nowadays. It is one of the strongest seller's markets we've ever seen in the real estate industry. The inventory of available homes is at a record-breaking low. Buyer demand for homes is extremely high. Home values are rising. Buyers are writing offers considerably above list price and they are writing other terms in their offers that are attractive to sellers.
Mortgagebroker News
SEPTEMBER 30, 2021
Ensuring a strong influx of new supply will provide Ontarians with much-needed options for lower-cost housing
Housing Wire
SEPTEMBER 30, 2021
In today’s chaotic market, mortgage companies need to streamline the mortgage process so they can originate more loans. Encompass by ICE Mortgage Technology offers a truly differentiated digital platform that provides straight-through processing for a comprehensive end-to-end workflow. From lowering costs to reducing time to close, this loan origination software enables lenders to make smarter business decisions.
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