Housing Wire

OCTOBER 18, 2022

Racial Equity Accelerator for Homeownership, a collaboration between Urban Institute and Federal Home Loan Bank (FHLB) of San Francisco , on Monday released a report that examines how the adoption of alternative data can benefit Black households within the mortgage lending landscape. The report found a 30-percentage point gap in homeownership between Black and white households in the U.S., which is wider than it was in 1960, before the Fair Housing Act was passed and while race-based housing dis

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The Appraiser Coach

OCTOBER 18, 2022

Let’s talk about shoes. Now I know, you may not expect businessmen and professionals to talk about shoes. Surely, they have more important things to think about. Nevertheless, the. Read More.

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Housing Wire

OCTOBER 18, 2022

Boston-based real estate investment proptech Knox Financial announced Monday it is launching new products on its platform that will help homeowners transform their homes into investment properties. “For homeowners who are ready to move, Knox’s new investment property products give them a way to turn the home they’re moving out of into an investment property that generates predictable returns on a timeline,” David Friedman, CEO of Knox, said in a statement. .

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Appraisal Buzz

OCTOBER 18, 2022

The FHFA’s foreclosure analysis for July 2022 revealed the total number of loans in forbearance is trending downward from its peak in May, with nearly 85,000 loans in forbearance nationwide, while total refinance volume and mortgage rates also decreased in the same month. The post FHFA Releases Q2 Foreclosure Prevention Report appeared first on Appraisal Buzz.

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Housing Wire

OCTOBER 18, 2022

A recent lawsuit claims Sprout Mortgage left its warehouse lender FirstFunding holding over $220 million of its debt when the mortgage lender abruptly closed on July 6. Sprout was founded in 2009 by industry veteran Michael Strauss and became “one of the fastest growing non-QM lenders in the country,” according to the lawsuit. The company relied on several warehouse lenders to obtain advances in order to originate residential mortgages, paying off these lines of credit after selling the loans in

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Appraisal Buzz

OCTOBER 18, 2022

As fears of a recession grow, it would be prudent for everyone—servicers and regulators alike—to think hard about default servicing improvements and reforms. The post Next Steps for Default Servicing appeared first on Appraisal Buzz.

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Appraisal 150

Appraisal Buzz

OCTOBER 18, 2022

Let’s talk about shoes. Now I know, you may not expect businessmen and professionals to talk about shoes. Surely, they have more important things to think about. Nevertheless, the … Read More. The post Head, Shoulders, Knees, and … Shoes? appeared first on Appraisal Buzz.

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Appraisal 150

Housing Wire

OCTOBER 18, 2022

To say that mortgage lenders are facing challenging times would be a considerable understatement. The federal funds rate, which is set as a range between an upper and lower limit, currently stands at 3% to 3.25%. The last time that the rate reached 3.25% was in 2005 — and we all know how that story unfolded. Increasing rates pressure originators to lower credit standards in order to keep originating loans.

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Appraisal Buzz

OCTOBER 18, 2022

Housing market potential sagged to its lowest point since May 2020 in September, falling from August to an estimated 5.38 million at a seasonally adjusted annualized rate. The post Housing Market: What to Expect in the Remainder of 2022 appeared first on Appraisal Buzz.

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GoForrmz

OCTOBER 18, 2022

Join GoFormz in discussing the latest product updates you may have missed In this webinar, we’ll explore a few of our enhancements to the GoFormz platform over the past 3 months and the impact they will have on your daily productivity. In addition to these updates, we'll share a sneak peek of our feature roadmap and what's coming next! Kelsey Griswold, Sr.

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Lamacchia Realty

OCTOBER 18, 2022

Behind the incredible REALTORS® of Lamacchia Realty is a team of over 75 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views its staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.

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National Association of Realtors

OCTOBER 18, 2022

Appraisers start from a high bar before they can take on their own assignments, but agents can still play a role in helping them determine valuations accurately.

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Appraisal Valuation Agents 72

Mashvisor

OCTOBER 18, 2022

Using the best real estate investment app is necessary for any beginner investor. You need one to compete in today’s real estate market.

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Real Estate Investing Investors Marketing 67

BiggerPockets

OCTOBER 18, 2022

Who says you can’t have it all? The career, the love, the wealth—it can all be yours if you want it and work for it. Today’s guest, Mackenzie Grate, works hard so […].

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Real Estate 57

Will Springer Realtor

OCTOBER 18, 2022

One of the most popular additions to a home is not made of wood and nails. It’s an electrical appliance that powers electrical appliances and more. Home generators are becoming a must-have item for many residents to ensure the lights stay on in all situations. Think about that time when the power went out in a storm or in the middle of a heat wave. And what happens when an earthquake hits , potentially cutting off thousands of households from steady, reliable electricity?

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Home Improvement 41

BiggerPockets

OCTOBER 18, 2022

After incredible appreciation over the past few years, the residential real estate market has finally started to decline. Many chicken littles are saying this is the beginning of an all-out collapse. […].

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Real Estate Marketing 56

Eppraisal

OCTOBER 18, 2022

In Part 1 of this topic, it became clear that a number of factors could combine to make what was once affordable now cost-prohibitive. Inflation, rising interest rates and climbing property levies, among other variables, are putting some coveted properties out of buyers' reach. Given this perfect storm of skyrocketing prices and costs, those navigating the real estate market must often downsize their plans to accommodate the new realities.

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Housing Wire

OCTOBER 18, 2022

Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S. due to the slowdown in the housing market, according to the firm. Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets.

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Eyes on Housing

OCTOBER 18, 2022

In a further signal that rising interest rates, building material bottlenecks and elevated home prices continue to weaken the housing market, builder sentiment fell for the 10th straight month in October and traffic of prospective buyers fell to its lowest level since 2012, with the exception of two months during the Spring of 2020. Builder confidence in the market for.

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Housing Wire

OCTOBER 18, 2022

Automated Valuation Models (AVMs) are having a moment. With U.S. homeowners sitting on more than $30 trillion dollars in home equity, many lenders are looking to the latest AVMs to improve the accuracy and efficiency of their home equity lending. Here are four ways the next generation of AVMs are reducing risk, accelerating decision making and cutting the cost of home equity originations. 1.

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Appraisal Buzz

OCTOBER 18, 2022

The average U.S. single-family rent price growth slipped for the fourth consecutive month on an annual basis in August, while rental growth rates have also gradually decreased year-over-year since the beginning of Q1, becoming the slowest-growing market overall. The post Rent Growth Decelerates for Fourth Consecutive Month appeared first on Appraisal Buzz.

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Housing Wire

OCTOBER 18, 2022

Homebuilder confidence continued its downward spiral in October, hitting its lowest level since August 2012, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Tuesday. In October, builder sentiment in the market for newly built single-family homes fell eight points from September to a reading of 38 points, half the level it was six months ago.

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Appraisal Buzz

OCTOBER 18, 2022

In line with the Biden Administration’s previously announced Housing Supply Action Plan, the FHA’s proposed rule sets forth a methodology for regularly adjusting the limits on loans that finance manufactured homes titled as personal property. The post FHA Proposes Changes to Manufactured Homes Rules appeared first on Appraisal Buzz.

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