Housing Wire
MARCH 10, 2022
Mortgage rates have been all over the place lately. They rose this week, reflecting the volatility of the U.S. economy brought by inflation and Russia’s war in Ukraine. The average 30-year-fixed rate mortgage increased to 3.85% for the week ending March 10, up from 3.76% in the previous week, according to the latest Freddie Mac PMMS Mortgage Survey.
Appraisal Buzz
MARCH 10, 2022
Wolters Kluwer Governance, Risk & Compliance (GRC), has signed an agreement with the Reynolds and Reynolds Company to acquire International Document Services, Inc. (IDS), for an estimated $70 million in cash?—where IDS will become an essential component of GRC’s Compliance Solutions business. The acquisition builds on GRC’s existing leadership in digital loan compliance, with end-to-end capabilities … The post Wolters Kluwer, Reynolds and Reynolds Partner to Acquire IDS appeared first
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Housing Wire
MARCH 10, 2022
How much does a typical low-income first-time homebuyer with a Fannie Mae -backed mortgage bring to the closing table? According to Fannie Mae , in a working paper entitled “ Mortgage costs as a share of housing costs—placing the cost of credit in broader context ,” the average low-income, first-time homebuyer has about $28,000 for a down payment.
Appraisal Buzz
MARCH 10, 2022
Continuing a quarterly survey of mortgage executives that initially started in 2014, Fannie Mae has published its latest Mortgage Lender Sentiment Survey for the first quarter of 2022 finding that lenders are becoming increasingly bearish due to current market conditions. The survey, which was conducted during the first two weeks of February polling 200 senior … The post Lenders Appear to be More Bearish in Recent Survey appeared first on DSNews.
Housing Wire
MARCH 10, 2022
California-based Guild Mortgage can be added to the growing list of lenders with waning profitability. But Guild’s executives believe the retail lender is well positioned to succeed in a lower-volume environment, whether it’s organically or through acquisitions. The nonbank mortgage lender increased its total originations in 2021, despite a reduction in the fourth quarter.
Appraisal Buzz
MARCH 10, 2022
Today’s Buzzcast interview is with John Russell, Strategic Partnership Officer of the American Society of Appraisers (ASA). We sat down with John and Joan Trice, Founder of Allterra Group, LLC to discuss the what’s happening in the market as well as what’s going on with policy and congress. What are some of the changes happening within the industry?
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
MARCH 10, 2022
ATTOM , a licensor of foreclosure data and parent company to RealtyTrac , has released its February 2022 U.S. Foreclosure Market Report, which shows there were a total of 25,833 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 11% from a month ago and 129% from a year ago. “February foreclosure activity looks a lot like what we can expect to see for at least the next six months.
Eyes on Housing
MARCH 10, 2022
Consumer prices continued to break 40-year highs in February due to higher food, gasoline and housing costs. This was the largest year-over-year gain since January 1982. This pace of inflation will likely stay high in the months ahead as Russia-Ukraine crisis continues drive up oil and commodity prices. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index.
Appraisal Buzz
MARCH 10, 2022
Diamond Residential Mortgage Corp. (DRMC) has launched ITIN Mortgages, a new product that caters to borrowers that live and work in the U.S. but do not have standard citizenship. “The current mortgage market has proven to be quite the challenge for many borrowers,” says Kris Brian, SVP of mortgage products at DRMC. “That is why DRMC has stayed committed to the goal of finding a solution for all borrowers, including those underserved by the.
GoForrmz
MARCH 10, 2022
Learn how digital forms can elevate your business operations to save you time and money. Now more than ever, businesses are prioritizing their team’s efficiency and productivity. As the world embraces digital transformation, the need for streamlined processes has never been more prevalent. For property managers, even reducing time spent completing a property contract or rental property agreement by 30 minutes per day per document can open the door for their management firm or business to take on
Appraisal Buzz
MARCH 10, 2022
ATTOM, along with its subsidiary RealtyTrac, has released its latest Foreclosure Market Report for February which has found that there was a total of 25,833 properties with foreclosure filings against them, up 11% from January (which saw 23,204 filings) and up 129% from a year ago. Foreclosure activity has now surpassed numbers seen before the pandemic took … The post Foreclosures Continue Upward March appeared first on DSNews.
Mashvisor
MARCH 10, 2022
As a real estate investor who’s seeking to earn a positive cash flow from their investment property, you must first find average rent in area of your choice.
Appraisal Buzz
MARCH 10, 2022
CoreLogic released the Homeowner Equity Report for Q4 of 2021, showing U.S. homeowners with mortgages experienced an increase in equity by 29.3% year-over-year. This number represents an overall equity gain of more than $3.2 trillion, and an average gain of $55,300 per borrower since Q4 of 2020. According to CoreLogic’s latest Home Price Index, year-over-year … The post Borrowers Gain Over $3.2 Trillion in Equity Throughout 2021 appeared first on DSNews.
Mashvisor
MARCH 10, 2022
Are you wondering if it’s good to invest in Airbnb Denver this year? Denver’s tourism industry makes this city a hot destination for tourists.
Appraisal Buzz
MARCH 10, 2022
ADFITECH Inc. and Mortgage Connect LP , through one of its controlled subsidiaries, has entered into a definitive merger agreement under which Mortgage Connect will acquire all of the outstanding shares of ADFITECH for an aggregate purchase price of approximately $29 million in cash. The aggregate purchase price represents a per share purchase price of approximately $3.6343, or a premium of approximately 81.72% over ADFITECH’s closing price on March 9, 2022.
Mashvisor
MARCH 10, 2022
PropStream is a real estate analytics platform that has gained some popularity in recent years. But does the PropStream pricing model make sense?
Appraisal Buzz
MARCH 10, 2022
The year 2022 may go down as one of the most complex and risk-intensive housing markets in history, as Patrick Gluesing offers tips on how to navigate through this new marketplace. The post How to Rise Above Future Mortgage Risks appeared first on DSNews. The post How to Rise Above Future Mortgage Risks appeared first on Appraisal Buzz.
BiggerPockets
MARCH 10, 2022
While the war is taking place thousands of miles away, the ripple effects of economic sanctions and Russia’s isolation from the global market will be felt in the United States. That includes the real estate market.
Mortgagebroker News
MARCH 10, 2022
CMI has committed to a representative and inclusive workplace since day one, says its director of underwriting
BiggerPockets
MARCH 10, 2022
If you aren’t careful, you can end up overpaying on your premiums—or even end up paying for policies that you don’t need to pay for. It happens to a lot of people.
Housing Wire
MARCH 10, 2022
On Thursday, the Bureau of Labor Statistics reported the same trend that all Americans have seen lately: the inflation rate of growth is rampant and doesn’t show any sign of easing up due to the Russian Invasion of Ukraine. The Consumer Price Index for all Urban Consumers “increased 0.8 percent in February on a seasonally adjusted basis after rising 0.6 percent in January… Over the last 12 months, the all items index increased 7.9 percent before seasonal adjustment.” As you can
BiggerPockets
MARCH 10, 2022
Passive income is the name of the game when it comes to real estate investing. While equity can help you build wealth, passive income is what can get you on […].
Mortgagebroker News
MARCH 10, 2022
Inflation is a tough obstacle to overcome for the ordinary Canadian
National Association of Realtors
MARCH 10, 2022
“The surge in housing values has turned many homeowners into millionaires,” says one housing expert.
Mortgagebroker News
MARCH 10, 2022
How one Community Trust BDM finds opportunity in constant change
Housing Wire
MARCH 10, 2022
Lakeview Loan Servicing , one of the nation’s largest issuers of Ginnie Mae securities, is making a play in the private-label securities market by sponsoring an offering backed by a pool of 2,192 Federal Housing Administration -guaranteed mortgages valued at $423.6 million. The offering, via a conduit called Lakeview Trust 2022-EBO1, is a rare transaction involving mostly delinquent mortgages, according to Kroll Bond Rating Agency ’s (KBRA’s) report on the offering, which is slated to close Marc
San Jose Real Estate
MARCH 10, 2022
San Jose CA 95129 Real Estate Market Info.
Housing Wire
MARCH 10, 2022
The first ever Crypto Real Estate Summit is not totally accessible. It’s actually, literally, a bit difficult to access. There are traffic cones and foreboding construction signs outside the Miami Beach Convention Center and the doors are locked. Once let inside, you must briskly walk to a crevice on the 2 nd floor, past cracked, white-painted walls, and stained-ocean blue carpeting.
Housing Wire
MARCH 10, 2022
In a flurry of announcements this week, the Department of Housing and Urban Development Office of Inspector General warned borrowers to be on the lookout for fraudulent schemes. In four bulletins, the government watchdog warned borrowers of loan modification and foreclosure schemes, outlined scams that could impact reverse mortgage borrowers and said that renters, too, can be targeted by nefarious players.
Housing Wire
MARCH 10, 2022
The Federal Housing Administration (FHA), within the department of Housing and Urban Development , provides mortgage financing for borrowers the conventional market doesn’t serve, yet it has been understaffed for over a decade. The department’s leadership is now fighting for resources to address the issue, and HUD appears poised to receive a lifeline.
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