Housing Wire

OCTOBER 20, 2021

Since Rohit Chopra was confirmed as the new director of the Consumer Financial Protection Bureau (CFPB) in September, there’s been one particular word on the lips of mortgage executives. And it gives them chills: redlining. “We are going to see a lot of emphasis on redlining: when you’re actively, intentionally separating out areas that you choose not to do business,” Troy Garris, co-managing partner at Garris Horn LLP , said during a panel in the Mortgage Bankers Associa

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Appraisal Buzz

OCTOBER 20, 2021

In today’s Buzzcast, we dive into the recent phone scam that has been targeting appraisers. Today we have Joan Trice, Founder of Alterra Group, and Alan Pair, Chief Appraiser of SVP Valuations. We’ll be getting the inside scoop while they discuss what to do if you receive a call. Why and how are appraisers being targeted? Where can I go if I think I’ve given out sensitive information?

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Housing Wire

OCTOBER 20, 2021

Less than one month after launching operations , the private holding group StoicLane – the backers of Interfirst Mortgage – has acquired control of the appraisal management company Lender’s Valuation Services (LVS). The companies did not disclose the amount of the deal announced on Wednesday. Al Goldstein, a co-founder of StoicLane, said the holding group wants to support LVS’s objective to “grow into one of the largest appraisal management companies in the U.S.”.

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Appraisal Buzz

OCTOBER 20, 2021

With mortgage rates hitting near-18-month highs, the MBA reports a 6.3% slide in both purchase and refi apps week-over-week. The post Rise in Rates Push Decline in Mortgage Apps appeared first on theMReport.com. The post Rise in Rates Push Decline in Mortgage Apps appeared first on Appraisal Buzz.

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Mortgage Appraisal 195

George Dell

OCTOBER 20, 2021

No report. Can it be? Does modernized appraisal require a modernized report? And how about non-appraiser appraisals (valuations)? (Here we use the word ‘appraisal’ in its generic public meaning.) In the past, our thinking, expectations, laws and regulations, have separated the development of an appraisal from the report of an appraisal. In the past, that separation […].

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Appraisal Buzz

OCTOBER 20, 2021

In his new role, Harkwell will focus on long-term sales goals, continuing to build Waterstone Mortgage’s nationwide presence. The post Waterstone Mortgage Names Rich Harkwell as Chief Sales Officer appeared first on theMReport.com. The post Waterstone Mortgage Names Rich Harkwell as Chief Sales Officer appeared first on Appraisal Buzz.

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Mortgage Appraisal 195

Appraisal Buzz

OCTOBER 20, 2021

According to a Redfin analysis of mortgage-rate lock data from real estate analytics firm Optimal Blue, demand for second homes was 60% higher in September than it was before the coronavirus pandemic hit. A mortgage-rate lock is an agreement between a homebuyer and a lender that allows the homebuyer to lock in an interest rate on a mortgage for a certain period of time, offering protection against future interest-rate hikes.

Real Estate 195

Real Estate Mortgage Appraisal 195

Eyes on Housing

OCTOBER 20, 2021

The last month of mortgage purchasing and refinancing activities, as reflected in the Mortgage Bankers Association’s (MBA) latest weekly application surveys1, shows a rise in purchase applications and a decrease in refinancing as compared to the prior month’s activity. The 30-year fixed-rate mortgage rate increased, averaging close to 3.15 percent for the month, and was 3.2 percent in the latest.

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Mortgage 120

Appraisal Buzz

OCTOBER 20, 2021

Thanks to the federal foreclosure moratorium sending more homeowners into forbearance, the default rate for first mortgages remained steady in September, but that number could go up as servicers begin processing and reporting foreclosures since the moratorium’s expiration on July 31. S&P Dow Jones Indices and Experian data through September 2021 for the S&P/Experian Consumer Credit Default Indices has found that the first mortgage … The post First Mortgage Default Rates Remain S

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Mortgage Appraisal 195

Valuation Review

OCTOBER 20, 2021

Pending home sales rebounded in August, recording significant gains after two prior months of declines, according to the National Association of Realtors (NAR). Each of the four major U.S. regions mounted month-over-month growth in contract activity. Read on for more from NAR.

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Appraisal Buzz

OCTOBER 20, 2021

Mortgage applications have decreased 6.3% from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending October 15, 2021. The Market Composite Index, a measure of mortgage loan application volume, decreased 6.3% on a seasonally adjusted basis from one week earlier.

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Mortgage Appraisal Marketing 195

Urban

OCTOBER 20, 2021

How can we level the playing field for prospective owner-occupants?

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Investors 148

Appraisal Buzz

OCTOBER 20, 2021

Workflow automation platform integrates with Freddie Mac’s Resolve to save mortgage servicers time and cost reduction in the workout decisioning process. The post Clarifire Partners With Freddie Mac to Streamline Servicing Workouts appeared first on DSNews. The post Clarifire Partners With Freddie Mac to Streamline Servicing Workouts appeared first on Appraisal Buzz.

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Valuation Review

OCTOBER 20, 2021

California Gov. Gavin Newsom signed AB Bill 948, and other bills, on Sept. 28 to boost housing production across California, complementing the governor’s $22 billion housing affordability and homelessness package and ongoing work by the state to spur more housing production, tackle barriers to construction and hold local governments accountable. Appraisal Institute President Rodman Schley reached out to Valuation Review with his thoughts on this legislation.

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Appraisal Buzz

OCTOBER 20, 2021

Supply chain issues for builders has contributed to a severe lack of inventory, which restricted home sales in September. The post New Homebuyers Finding the ‘Well Has Run Dry’ appeared first on DSNews. The post New Homebuyers Finding the ‘Well Has Run Dry’ appeared first on Appraisal Buzz.

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BiggerPockets

OCTOBER 20, 2021

There’s a lot of confusion in the economy right now: inflation, unemployment, supply chain issues, and more. As you know, what happens in the broader U.S. economy has important implications […].

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Supply Chain Real Estate Investors 79

Appraisal Buzz

OCTOBER 20, 2021

New listings of homes for sale fell 9% from a year earlier, and closed home sales were down 5%. The post September Home Sales Stunted by Decline in Listings appeared first on theMReport.com. The post September Home Sales Stunted by Decline in Listings appeared first on Appraisal Buzz.

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New Listings Appraisal 195

BiggerPockets

OCTOBER 20, 2021

Do you chase shiny objects? We’re all susceptible to them. Their allure is like a siren song for investors looking to boost cash flow and build wealth. I spent years […].

Real Estate 74

Real Estate Investors 74

Appraisal Buzz

OCTOBER 20, 2021

RE/MAX has released its National Housing Report for September 2021, which found that 2021 is starting to resemble a traditional year and mirroring seasonal norms as September home sales dropped 7.0% from August and the Median Sales Price slipped 1.1% to $329,000. Even with the seasonal cooling that is expected this time of year, September 2021 was the second-most active on record, only following September 2020. “This was the second-most … The post Home Sales, Median Price Slips in

Appraisal 195

Appraisal 195

BiggerPockets

OCTOBER 20, 2021

New construction is an enigma to many real estate investors, and especially to rookies. When building a new house, you need to understand engineering, permitting, construction, and a more complicated […].

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Construction Real Estate Investors 73

Appraisal Buzz

OCTOBER 20, 2021

Total Expert , a CRM and customer engagement platform for modern financial institutions, has released a series of functionality and new products to enhance the customer experience. These additions enable modern financial institutions to build loyalty as they acquire, nurture and retain customers through communication. As they gear up for 2022, banks and lenders are facing a major shift in the market, creating an urgent need to convert new leads and drive repeat business.

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Modernization Business Appraisal Marketing 195

Valuation Review

OCTOBER 20, 2021

According to the personal-finance website WalletHub, just 38 percent of Americans believe they are “very confident” they can protect themselves from COVID-19 when they go out in public. Given this statistic, WalletHub released its report “2021's Safest Cities in America,” identifying those locations.

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Finance 60

Appraisal Buzz

OCTOBER 20, 2021

Freddie Mac has sold via auction 7,186 non-performing residential first lien loans (NPL) from its mortgage-related investments portfolio. The loans, with a balance of approximately $1.2 billion, are currently serviced by Specialized Loan Servicing LLC, Select Portfolio Servicing Inc. and NewRez LLC, d/b/a Shellpoint Mortgage Servicing. The transaction is expected to settle in December 2021.

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Investing Appraisal Mortgage Marketing 195

Valuation Review

OCTOBER 20, 2021

SettlementOne Valuation, a leading provider of appraisal management services to the U.S. mortgage industry, recently announced the hiring of Stephen French as chief executive officer. French also will be appointed to the SettlementOne Valuation Board of Managers.

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Valuation Appraisal Mortgage 60

Appraisal Buzz

OCTOBER 20, 2021

RE/MAX has released its National Housing Report for September 2021, which found that 2021 is starting to resemble a traditional year and mirroring seasonal norms as September home sales dropped 7.0% from August and the Median Sales Price slipped 1.1% to $329,000. Even with the seasonal cooling that is expected this time of year, September 2021 was the second-most active on record, only following September 2020. “This was the second-most … The post The Market is Cooling, What Does T

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Marketing Appraisal 195

Valuation Review

OCTOBER 20, 2021

The Federal Housing Finance Agency announced two measures to sustainably advance the affordability of homeownership for mortgage borrowers across the nation, especially those in underserved communities. Additionally, Freddie Mac and Fannie Mae will incorporate desktop appraisals into their selling guides.

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Appraisal Finance Mortgage 60

Appraisal Buzz

OCTOBER 20, 2021

With mortgage rates hitting near-18-month highs, the MBA reports a 6.3% slide in both purchase and refi apps week-over-week. The post Rise in Rates Push Decline in Mortgage Apps appeared first on theMReport.com. The post Rise in Rates Push Decline in Mortgage Apps appeared first on Appraisal Buzz.

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Mortgage Appraisal 195

Valuation Review

OCTOBER 20, 2021

Valuation Review concludes its conversation with Incenter Appraisal Management President Mark Walser, who gives more details about RemoteVal to further assist appraisers. The technology also provides assistance to lender designated users. Read on for final thoughts from Walser.

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Valuation Review Tools Appraisal Valuation 78

Lamacchia Realty

OCTOBER 20, 2021

MORTGAGE RATES ARE RISING. The historically low mortgage rates we have seen during the COVID era are starting to rise. Economic stimulus programs were put in place in late spring of 2020 to prop up the economy , but as it has since recovered, these programs are likely soon being tapered off. More people are back to work, the job market has improved, and so inflation is likely soon going to happen as well as the Fed may soon be lowering their purchasing, and the artificial reduction in rates wi

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Mortgage Buyers Realty Construction 70

Mashvisor

OCTOBER 20, 2021

if you’re looking to make a short-term investment in real estate, then what you will need is a hard money lender. Luckily, what we have for you is our list of top 5 hard money lenders in Tampa.

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Real Estate Investing Finance Investors 68

McKissock

OCTOBER 20, 2021

It’s no secret that the real estate market has been soaring over the past few years, particularly when it comes to luxury or high-end homes. In fact, according to NAR , the percentage of new homes sold above $750K increased 40% in just one year. Suffice it to say, it is a great time to be a luxury real estate agent or broker. Want to know how you can get in on the action?

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Real Estate Marketing Advertising Real Estate Agent 52

Mortgagebroker News

OCTOBER 20, 2021

Older Canadians are looking to hold on to the accumulated wealth represented by their current residences

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Mashvisor

OCTOBER 20, 2021

The Texas real estate market has been booming in the last few years.

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Real Estate Marketing Investors Investing 36

Mortgagebroker News

OCTOBER 20, 2021

Those options continue to entice many borrowers despite the looming threat of interest rate rises

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Mortgage 67