Housing Wire

JANUARY 27, 2022

The average 30-year-fixed rate mortgage declined one basis point from the week prior to 3.55% during the week ending Jan. 27, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.77%. Most economists believe rates will continue to climb in the weeks and months ahead. “Following a month-long rise, mortgage rates effectively stayed flat this week,” Sam Khater, Freddie Mac’s chief economist, said in a statement.

Mortgage 458

Mortgage Marketing 458

Appraisal Buzz

JANUARY 27, 2022

The lull in the rental market seen at the onset of the pandemic is all but a distant memory as rents have surged by double digits over the past few months indicating that the rebound, in part, is caused by the lack of inventory in the purchase market. According a new report titled “Americas Rental Housing … The post Policy Changes May Help Alleviate Disparities in Renting appeared first on theMReport.com.

Inventory 370

Inventory Appraisal Marketing 370

Housing Wire

JANUARY 27, 2022

Wells Fargo agreed to pay $12 million to more than 1,800 mortgage borrowers to resolve a class action lawsuit that alleged the bank’s clients had loan modifications wrongfully denied due to calculation errors in the bank’s system. A judge from the U.S. District Court for the Southern District of Ohio approved the settlement on Tuesday after a hearing between the parties.

Mortgage 410

Mortgage Government Contracts Tools 410

Appraisal Buzz

JANUARY 27, 2022

The results of Freddie Mac ’s Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.55%. “Following a month-long rise, mortgage rates effectively stayed flat this week,” says Sam Khater, Freddie Mac’s chief economist. “Recent rate increases have yet to significantly impact purchase demand, as history demonstrates that potential homebuyers who are on the fence will often enter the market at the start of rate increase cycles.”.

Mortgage 369

Mortgage Appraisal Marketing 369

Housing Wire

JANUARY 27, 2022

I have been a happy camper lately, particularly with the rise of the 10-year yield as I am seeking balance in the housing market. I love these times in the market and the San Francisco 49ers are making an epic run in the playoffs, so what else can a person ask for? Other people might not be as happy as I am. I retired in 2020 from the mortgage business after 24 years, so I understand how some people who were floating their rate lock might not feel this way.

Mortgage 399

Mortgage Marketing Inventory Housing Market 399

Appraisal Buzz

JANUARY 27, 2022

Dawn Svedberg is the new head of fintech product sales at Tavant , which offers digital lending solutions to the mortgage industry. Svedberg was most recently senior vice president, national sales, at Cloudvirga. Prior to that, she served as vide president of customer success. While there, she oversaw the sales, marketing, and customer success teams.

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Appraisal Buzz

JANUARY 27, 2022

Sheri Crump has been promoted to chief operating officer, Nancy Aupperle has been promoted to executive vice president of branch growth and retention, and Ericka Staton has been promoted to executive vice president of marketing at Ross Mortgage Corp. As chief operating officer, Crump will be expanding upon her responsibilities to increase efficiencies and decreasing expenses by continually evaluating Ross Mortgage’s systems and process flows.

Mortgage 195

Mortgage Appraisal Marketing 195

Housing Wire

JANUARY 27, 2022

San Francisco-based startup Vesta, which provides a software-as-a-service platform for mortgage loan originators, announced on Thursday that it raised $30 million through a Series A funding round. The new capital will be invested in an “aggressive” hiring plan and technology expansion. The round is led by the venture capital firm Andreessen Horowitz , with participation from new investor Zigg Capital and seed investors Conversion Capital and Bain Capital Ventures.

Mortgage 376

Mortgage Investors Loan Officers Technology 376

Appraisal Buzz

JANUARY 27, 2022

Just days after the Washington State Supreme Court denied West Coast Servicing Inc.’s petition for review of the Division I Court of Appeals decision in Luv v. West Coast Servicing Inc., Division I abruptly changed course, positively clarifying years of state and federal court’s misinterpretation of their previous decision. A borrower’s bankruptcy discharge does not … The post Bankruptcy Discharge Does Not Accelerate the Entire Debt appeared first on DSNews.

Appraisal 195

Appraisal 195

Housing Wire

JANUARY 27, 2022

Two of the most powerful U.S. housing entities are at odds over the future of the federal government’s cash-strapped flood insurance program. The National Association of Realtors , which represents real estate agents, brokerages and consumers, wants the Federal Emergency Management Agency to carve out a privacy law exception, and require that the history of a property’s flood claims be disclosed to “buyers and renters, as well as owners before real estate transactions are completed,” according t

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Insurance Government Law Real Estate Agent 375

Appraisal Buzz

JANUARY 27, 2022

Overall mortgage application volume declined week-over-week, as the pool of borrowers left are losing the incentive to refinance. The post Hike in Rates Driving Down Refi Apps appeared first on theMReport.com. The post Hike in Rates Driving Down Refi Apps appeared first on Appraisal Buzz.

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Appraisal Mortgage 195

Housing Wire

JANUARY 27, 2022

Hosted by Stavvy. Collateral valuation is a critical component of mortgage lending and the home sales. With the federal foreclosure moratorium expiring in 2022, the market will undoubtedly see growth in foreclosure transactions as it tries to catch up on both past and present loans. The return to working foreclosure is a perfect opportunity for those in the industry, whether on the servicing or legal side, to examine ways to improve efficiencies, stay compliant and keep up with demand.

Legal 353

Legal Valuation Lending Technology 353

Appraisal Buzz

JANUARY 27, 2022

The surge in mortgage rates seen last week has slowed slightly, as Freddie Mac expects rates to continue to increase, but at a more gradual pace. The post Purchase Demand Remains, Despite Leveling Off of Rates appeared first on theMReport.com. The post Purchase Demand Remains, Despite Leveling Off of Rates appeared first on Appraisal Buzz.

Appraisal 195

Appraisal Mortgage 195

Housing Wire

JANUARY 27, 2022

Use of the cash window for delivering mortgages to Fannie Mae and Freddie Mac was disrupted in a big way over the course of last year as lenders reacted to expectations that a cap on cash transactions was slated to go into effect by the start of 2022. Even though the cap was suspended in September of 2021, the wheels were already set in motion for larger lenders, particularly nonbanks, to convert their agency loan-sale pipelines to favor swap transactions with government-sponsored enterprises (G

Mortgage 360

Mortgage Investors Finance Contracts 360

Appraisal Buzz

JANUARY 27, 2022

Pending home sales fell in December, denoting two straight months of declines, according to the National Association of Realtors. All four major U.S. regions posted both month-over-month and year-over-year drops in contract activity. The Pending Home Sales Index (PHSI) fell 3.8% to 117.7 in December. Year-over-year, transactions decreased 6.9%. An index of 100 is equal to the level of contract activity in 2001. “Pending home sales faded toward the end of 2021, as a.

Housing Market 195

Housing Market Contracts Marketing Realtors 195

Housing Wire

JANUARY 27, 2022

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate. Despite their best efforts, typically, the locations and addresses of celebrity homes eventually become public knowledge, but Arrington’s eight-part Twitter thr

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Agents Real Estate Real Estate Agent Realty 341

Appraisal Buzz

JANUARY 27, 2022

Pacaso released their Second Home Market Report, the most timely and localized data available for the top 50 second home markets. The report shows that in Q1 of 2021, the percentage of second home mortgage rate locks hit its highest recorded level, with the share of second home transactions reaching 5.7%. In the two subsequent quarters, the percentage of second home rate … The post Second Home Mortgage Rate Locks Reach Record High appeared first on DSNews.

Mortgage 195

Mortgage Appraisal Marketing 195

Eyes on Housing

JANUARY 27, 2022

Thanks to a surge in residential investment during 2020 and ongoing strength in 2021, housing’s share of GDP remains elevated compared to most of the post-Great Recession period. Due to the pandemic, market conditions evolved with a renewed focus on the importance of home, a shifting geography of housing demand, and a lack of for-sale inventory. Housing continued to expand.

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Inventory Investing Marketing 152

Appraisal Buzz

JANUARY 27, 2022

Fannie Mae announced it has been recognized as a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign Foundation, receiving a perfect score of 100 on its 2022 Corporate Equality Index (CEI) for the eighth consecutive year. The CEI rates more than 1,000 companies on detailed criteria under four central pillars: non-discrimination policies across business entities; equitable benefits for LGBTQ+ workers … The post Fannie Mae Named ‘Best Place to Work for LGBTQ+ Equality’ appe

Business 150

Business Appraisal 150

GoForrmz

JANUARY 27, 2022

The digital forms that every veterinary clinic needs to improve business operations During physical examinations, there are a variety of forms that veterinarians and technicians use for an animal’s medical records. Outdated processes like printable vet forms can lead to messy and disorganized data entry. This can be a significant administrative burden for your veterinary technicians and cause inefficient workflows of data collection and storage.

Technology 145

Technology Business 145

Appraisal Buzz

JANUARY 27, 2022

According to the National Association of Realtors, pending home sales fell in December, indicating two straight months of declines. Existing-home sales are also expected to decline by 2.8% in 2022, and home prices are expected to increase by 5.1% due to the ongoing housing shortage. The Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings, fell 3.8% … The post Existing-Home Sales to Decline, Pending Home Sales Drop 3.8% appeared first on theMRepor

Contracts 195

Contracts Realtors Appraisal 195

Eyes on Housing

JANUARY 27, 2022

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed 77.8% of new home sales in the fourth quarter of 2021—the largest share since Q1 2008. The share increased 2.9 percentage points over Q3 2021 (revised) and has risen each of the last four quarters, up 9.0 percentage points since Q4.

Finance 86

Finance Marketing Lending Mortgage 86

Appraisal Buzz

JANUARY 27, 2022

The lull in the rental market seen at the onset of the pandemic is all but a distant memory as rents have surged by double digits over the past few months indicating that the rebound, in part, is caused by the lack of inventory in the purchase market. According a new report titled “Americas Rental Housing 2022” for the Joint Center … The post Report: Rental Market Divided Along Race, Income Lines appeared first on DSNews.

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Marketing Inventory Appraisal 195

Eyes on Housing

JANUARY 27, 2022

Real GDP growth accelerated in the fourth quarter of 2021 despite omicron’s spread. This quarter’s growth reflected strong gains in private inventory investment and consumer spending. According to the “advance” estimate released by the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) increased at an annual rate of 6.9% in the fourth quarter of 2021, after a disappointing 2.3%.

Inventory 86

Inventory Investing Construction 86

Empire Appraisal Group

JANUARY 27, 2022

Printed homes are coming to a new community in Austin, Texas. Lennar, one of the nation’s largest homebuilders, announced it was partnering with the startup ICON to build the largest community of 3D-printed homes to date. The builder says the high-tech construction method will allow it to overcome current labor and materials shortages that have been pressing on the new-home construction industry over recent months. 3D-printed homes are touted as faster to build and less expensive.

Construction 78

Construction Development Technology Realtors 78

Lamacchia Realty

JANUARY 27, 2022

Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for all of 2021! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the year! 2021 Winners of the Top 10 for the Company are: Laurie Howe Bourgeois has been a licensed REALTOR® since 2000 and in the customer service industry for 34 years.

Realty 69

Realty Realtors Agents Real Estate 69

Mashvisor

JANUARY 27, 2022

Maybe you’ve been studying through Airbnb Kissimmee real estate listings on real estate investment platforms such as Mashvisor and realized the expected returns are relatively high.

Investing 65

Investing Real Estate Investors 65

Quicken Loans

JANUARY 27, 2022

The Federal Reserve didn’t make any changes to its policy in terms of interest rates or mortgage bonds, but it teed up the potential for movement very soon. Because the Fed specializes in econo-speak, we’ve tried to put an analysis in plain English below. Federal Reserve Chair Jerome Powell said that the Fed is leaning toward raising the federal funds rate at its March meeting.

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Buyers Development Mortgage Marketing 58

Mashvisor

JANUARY 27, 2022

Mashvisor’s Airbnb property profit calculator can help you identify the location and home that would give you solid returns. Here’s how to use it.

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Tools Investors Investing 69

BiggerPockets

JANUARY 27, 2022

Financial flexibility is one of the hidden stages along the path to financial independence. When you hit financial flexibility, you have far more choices than you did before. You can […].

Finance 55

Finance 55

Mashvisor

JANUARY 27, 2022

Investing in Daytona Beach could turn out profitable – as long as you follow the rules of the market and stick to certain limitations.

Investing 66

Investing Housing Market Marketing Investors 66

Lamacchia Realty

JANUARY 27, 2022

Want to know how the Worcester, Massachusetts real estate market is doing? In this 2021 Year in Review Housing Report, we’re looking at home sales in Worcester in 2021 compared to 2020 and how the market performed in that area. Home Sales Up 13.4% + Prices Up 17.6% As of December 31, 2021, Worcester home sales were up 13.4% over 2020. There were 2,427 sales in 2021 over 2,141 in 2020.

Realty 50

Realty Inventory Real Estate Business 50

Mortgagebroker News

JANUARY 27, 2022

The deputy chief economist wasn't surprised by the lack of movement on the Bank’s benchmark rate

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Movoto

JANUARY 27, 2022

A gut renovation is a great way to get exactly what you want when you buy a home. But such a big project can be daunting. Here are some curveballs to expect when you do a gut renovation. . While it’s great to buy a home that’s move-in ready, there’s also a lot to love about buying a fixer-upper and rebuilding it to fit your style and lifestyle. The idea of gutting a house is daunting, but as long as you expect the unexpected when it comes to costs and timelines, you have the right attitude to se

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Renovations Construction Inspection Logistics 36