Housing Wire
SEPTEMBER 17, 2021
Despite several indicators of a slowing housing market, prospective home buyers should not get too excited – inventory remains limited and changes are in line with the traditional seasonal slowdown, according to RE/MAX ’s August national housing report. The report analyzes MLS data from 51 U.S. metropolitan areas and includes all residential properties.
Appraisal Buzz
SEPTEMBER 17, 2021
The number of borrowers in COVID-19-related mortgage loan forbearance plans dipped below 1.6 million for the first time since the onset of the pandemic, according to the weekly report from Black Knight, whose data-analytics team has been tracking forbearance activity throughout. Overall, active forbearance plans dipped by 22,000, that’s -1.4%, Tuesday-Tuesday, bringing the number of … The post Forbearance Volume Milestone: Plans Dip Below 1.6M appeared first on DSNews.
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Housing Wire
SEPTEMBER 17, 2021
The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. In August, 58.8% of offers written by Redfin agents faced a bidding war, down from the peak in April of 74.3%, and below the August 2020 bidding war rate of 59.4%.
Appraisal Buzz
SEPTEMBER 17, 2021
A new study has found that the average difference between an affordable monthly housing payment and median gross rent is $533. . The post Affordability a Huge Obstacle for Minimum Wage Workers appeared first on theMReport.com. The post Affordability a Huge Obstacle for Minimum Wage Workers appeared first on Appraisal Buzz.
Housing Wire
SEPTEMBER 17, 2021
The United States is grappling with a sharp rise in natural disasters, including wildfires, an active hurricane season, floods, tornadoes and mudslides. The mortgage industry must be proactive in examining programs that can help borrowers recover from — and remain resilient to — disasters like these. After a natural disaster, the dream of homeownership is shaken as people across the country face the challenge of rebuilding their homes and their lives.
Appraisal Buzz
SEPTEMBER 17, 2021
Black Knight says that the number of active forbearance plans continued to fall over the last week, but also noted an uptick in both new plans and reentries to the program , primarily among VA and FHA loans. The number of active forbearances dropped by 22,000 or 1.4 percent during the week ended September 14, leasing 1.596 million borrowers in active plans.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
SEPTEMBER 17, 2021
As federal and state pandemic programs come to an end, renters are more at risk than homeowners of falling—and being left behind—as the economy begins to recover. According to a report released by the Consumer Financial Protection Bureau (CFPB), a government agency that covers all financial entities in the country, warned that renters who felt relief from the various COVID-19 programs, such as stimulus … The post Renters at Greater Risk Than Homeowners After Protections End appeared firs
Housing Wire
SEPTEMBER 17, 2021
Mortgage lenders have been making strides to right their wrongs, with critical defects falling to a rate of 2.01% in the first quarter of 2021, according to ACES Quality Management ’s report published this week. This marks a notable improvement from the third quarter of 2020, when the critical rate rose to 2.34%, buoyed by increased volume , COVID-19 related compliance changes , and continued high unemployment numbers, the analytics vendor said.
Appraisal Buzz
SEPTEMBER 17, 2021
Streamlining your appraisal workflow to save time and improve efficiency can help you boost productivity and increase your earnings. A great way to do this is by hiring an assistant to handle specific tasks, and utilizing time-saving strategies to refine your own workflow. Whether you’re looking to earn more money or gain more free time, here are six things you can do to trim your process and save time on every appraisal assignment. 1.
Housing Wire
SEPTEMBER 17, 2021
The following Q&A comes from the HW+ exclusive Slack channel, where Steve Murray, senior advisor to RealTrends , and Tracey Velt, RealTrends editorial, as they give an exclusive first look at the 2021 RealTrends Brokerage Compensation Report. During the Q&A, Murray shared some of his biggest takeaways from the data, the trends he is watching and how executive compensation has changed over the years.
Appraisal Buzz
SEPTEMBER 17, 2021
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.86%. “It’s Groundhog Day for mortgage rates, as they have remained virtually flat for over two months,” says Sam Khater, Freddie Mac’s chief economist. “The holding pattern in rates reflects the markets’ view that the prospects for the economy have dimmed somewhat due to the rebound in new COVID cases.”.
Eyes on Housing
SEPTEMBER 17, 2021
Over the first seven months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 681,949. On a year-over-year (YoY) basis, this is a 29.7% increase over the July 2020 level of 525,623. Year-to-date ending in July, single-family permits increased in all four regions. The Northeast region reported the strongest increase of 32.2%, followed by the South.
Appraisal Buzz
SEPTEMBER 17, 2021
Infosys is collaborating with Frost Bank to provide strategic business consulting and digital capabilities to enable Frost Bank to offer mortgage loans along with its other consumer loan products. Infosys will help design the bank’s mortgage loan process landscape from origination to servicing, design the end-customer experience, and select the most effective technology platform to run and manage operations, while driving growth for its mortgage solutions over the next five years. “O
Urban
SEPTEMBER 17, 2021
Manufactured home borrowers face the greatest obstacles in refinancing are have been unable to take advantage of the low interest rates.
Appraisal Buzz
SEPTEMBER 17, 2021
Current Acting Director Sandra Thompson has been endorsed by Rep. Maxine Waters to assume full leadership of the FHFA. The post Biden Administration Urged to Nominate Thompson as FHFA Director appeared first on theMReport.com. The post Biden Administration Urged to Nominate Thompson as FHFA Director appeared first on Appraisal Buzz.
McKissock
SEPTEMBER 17, 2021
Streamlining your appraisal workflow to save time and improve efficiency can help you boost productivity and increase your earnings. A great way to do this is by hiring an assistant to handle specific tasks, and utilizing time-saving strategies to refine your own workflow. Whether you’re looking to earn more money or gain more free time, here are six things you can do to trim your process and save time on every appraisal assignment. 1.
Appraisal Buzz
SEPTEMBER 17, 2021
DS5: Inside the Industry returns with Freddie Mac’s Kevin Palmer discussing a critical issue facing hundreds of thousands of homeowners and the professionals assisting them. The post DS5: Top Post-Pandemic Priorities for Servicers appeared first on DSNews. The post DS5: Top Post-Pandemic Priorities for Servicers appeared first on Appraisal Buzz.
Lamacchia Realty
SEPTEMBER 17, 2021
Shauna Fanning has officially qualified for the prestigious distinction of President’s Club ELITE by surpassing $26,000,000 in sales volume this year. This is Shauna’s first year achieving ELITE status and it is a truly tremendous accomplishment. Shauna is an extremely passionate and dedicated REALTOR ® , serving buyers and sellers all over the South Shore area.
Appraisal Buzz
SEPTEMBER 17, 2021
This month marks an exciting milestone in Sagent’s modernization of mortgage servicing for America’s top banks and lenders. We’re adding mortgage/consumer lending disruptor Figure as a client and a software innovation partner. Figure is exciting because they’re a consumer-first leader that’s making major moves in both mortgage and blockchain. Below, I quickly detail these topics … The post Sagent’s Playbook to Modernize $1 Trillion in Mortgage Servicing appeared first on DSNews.
BiggerPockets
SEPTEMBER 17, 2021
This week’s question comes from Roosevelt on the Real Estate Rookie Facebook Group. Roosevelt is asking: I’m currently preapproved with one lender but another lender has a loan option my […].
Mortgagebroker News
SEPTEMBER 17, 2021
The company's CTO said the partnership reflected the 'clear trend' towards open banking in financial services
Housing Wire
SEPTEMBER 17, 2021
Freddie Mac recognizes that effective housing solutions should not follow a one-size-fits-all approach. As part of its mission to provide liquidity, stability, affordability and equality to the housing market, Freddie Mac created its Housing Solutions team in 2020 to reduce barriers to homeownership and provide solutions to some of the nation’s toughest housing challenges.
Mortgagebroker News
SEPTEMBER 17, 2021
The company’s CTO said the partnership reflected the “clear trend” towards open banking in financial services
Mashvisor
SEPTEMBER 17, 2021
House hunting is one of the most thrilling parts of the property buying process.
Mortgagebroker News
SEPTEMBER 17, 2021
Prominent industry figures say builders and homebuyers could continue to focus on options outside the region
Berkshire Hathaway
SEPTEMBER 17, 2021
Before you move: Prepare an overnight Kit. An overnight kit should include enough food for your pet for the first few days after the move. Preparing with this will prevent you from needing to search through boxes to find anything. It is also beneficial to include any toys they favor and their bed. Contact your Vet. If you are moving to a new area outside of town, it’s important to contact your vet and obtain all your pet’s paperwork.
Mortgagebroker News
SEPTEMBER 17, 2021
The firm said that it is looking to challenge established banks when it comes to retailer and consumer financial services
Berkshire Hathaway
SEPTEMBER 17, 2021
#1. Check on the state of your gutters! Make sure they are working. Clean them. Potentially consider replacing them if they are not in great condition. Gutters potentially save your roof from gallons of water every year, if you’re neglecting your gutters your roof might be in trouble and new gutters are much cheaper than new roofs. #2. Speaking about your roof, give it a look too!
Mortgagebroker News
SEPTEMBER 17, 2021
The multimillion-dollar acquisition expands True North’s presence in the city, the REIT says
Quicken Loans
SEPTEMBER 17, 2021
Disclosure: This post contains affiliate links, which means we receive a commission if you click a link and purchase something that we have recommended. Please check out our disclosure policy for more details. The death of a loved one is an incredibly difficult time. Not only are you emotionally drained, but after the funeral you have the added anxiety of sorting through legal documents, financial information and the last will and testament of the deceased.
Mortgagebroker News
SEPTEMBER 17, 2021
Market activity has retreated from the highs seen earlier this year, CMHC says
Housing Wire
SEPTEMBER 17, 2021
As the housing industry moves further into the digital era, the risk of cyberattacks has grown exponentially. From data breaches to ransomware attacks, companies in mortgage and real estate are prime targets for malicious actors. That’s why HousingWire invited Mitch Kider, chairman and managing partner of Weiner Brodsky Kider PC to HW Annual Sept. 27-28 in Dallas.
Mortgagebroker News
SEPTEMBER 17, 2021
Pandemic fears continue to weigh on Canada’s largest employers
Appraisal Buzz
SEPTEMBER 17, 2021
The DS5: Inside the Industry returns with Kevin Palmer, SVP, Single-Family Portfolio Management at Freddie Mac, here to discuss an issue at the top of minds of many servicers and other industry professionals as well as hundreds of thousands of homeowners across the country—the end of COVID-19-related forbearance programs. Of the 629,000 forbearance plans slated to … The post DS5: Freddie Mac’s Approach to Assisting Struggling Borrowers appeared first on theMReport.com.
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