Thu.Sep 08, 2022

article thumbnail

The risk of zero-down loans while the Fed talks recession

Housing Wire

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. People’s first reaction was to wonder if this was 2008 all over again. Are we really doing those types of loans and promoting homeownership again without understanding the risks?

Inventory 544
article thumbnail

Providing Opportunities for Homeownership

Appraisal Buzz

Jacob Williamson discusses how Fannie Mae’s REO repair strategy focuses on innovative solutions to help support repair and the upkeep of properties nationwide. The post Providing Opportunities for Homeownership appeared first on DSNews. The post Providing Opportunities for Homeownership appeared first on Appraisal Buzz.

Appraisal 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Freedom Mortgage conducts layoffs, sends jobs overseas: sources

Housing Wire

Top 10 lender and servicer Freedom Mortgage has trimmed its workforce across multiple rounds of layoffs this year and continues to “offshore” some jobs, former employees tell HousingWire. In response to falling origination volume, the New Jersey-based mortgage company has conducted at least four rounds of layoffs this year – in March, May and August, multiple sources told HousingWire.

Mortgage 504
article thumbnail

Which States Are Most At-Risk for Wildfire Damages?

Appraisal Buzz

CoreLogic has released its annual Wildfire Report for 2022, examining property-related wildfire risk alongside reconstruction resource availability, temporary housing capacity for displaced individuals, and community economic recovery potential among fire-prone regions. The report tracks wildfire risks in 15 Western U.S. states, in addition to Florida.

Appraisal 195
article thumbnail

Opinion: How marketing automation saved an LO’s business

Housing Wire

People who invest in technology often ask the question: is this a “nice to have,” or a “need to have?” Few have the resources to invest in technologies they don’t need. Often, this analysis comes down to the worst case scenario. “What’s the worst that can happen if we don’t invest in this technology?”. When mortgage lenders are talking about compliance in loan origination or mortgage servicing, the worst case can be pretty bad, so we often see companies investing heavily in the best tools.

Business 426
article thumbnail

Renters Losing Sleep While Searching for Homes

Appraisal Buzz

According to a new Zillow report, finding and landing a rental is stressing Americans out nationwide. The typical monthly rent in the U.S. has soared to a record high of $2,031, and the latest Zillow survey reveals just how tired and burnt out Americans are as they search for new homes and apartments. Recent data … The post Renters Losing Sleep While Searching for Homes appeared first on DSNews.

Appraisal 150

More Trending

article thumbnail

Nationwide Foreclosure Starts Hit Pre-Pandemic Levels

Appraisal Buzz

ATTOM has released its August 2022 U.S. Foreclosure Market Report, revealing a total of 34,501 U.S. properties with foreclosure filings —default notices, scheduled auctions, or bank repossessions— up 14% from a month ago, and up 118% from a year ago. Key Findings: Completed foreclosures increase 28% from last month One in every 4,072 housing units … The post Nationwide Foreclosure Starts Hit Pre-Pandemic Levels appeared first on DSNews.

Appraisal 195
article thumbnail

Experience everything Scottsdale has to offer at HousingWire Annual Oct. 3-5

Housing Wire

We are so excited to connect with you all in just a few short weeks. HousingWire Annual will be hosted in Scottsdale, A.Z, Oct. 3-5 at the Fairmont Princess Resort. . The beautiful resort features several picturesque pools, delicious restaurants and bars, easy access to outdoor activities like golf and relaxing amenities. Plus, it will be packed with industry professionals, your colleagues, for one of the biggest events in housing.

article thumbnail

[Video] Key Takeaways for Improving Job Site Safety Management

GoForrmz

Catch the replay of the GoFormz & Procore webinar: Improving Job Site Safety Management Safety touches every aspect of the construction industry. Regardless of an operation’s size, expertise, location, or budget, safety must remain every team's top priority, from the job site to the back office. Traditional documentation and reporting efforts can slow response times and hamper preventative measures, putting your team behind the curve in construction safety.

article thumbnail

UWM follows Rocket, hikes conforming loan limits

Housing Wire

Fiercer competition in the wholesale channel spurred United Wholesale Mortgage (UWM) to increase the ceiling on conforming loans on Wednesday, ahead of the Federal Housing Finance Agency’s (FHFA) decision in November. UWM’s move follows an announcement on Tuesday from competitor Rocket Pro TPO , which was first out of the gate this year in raising loan limits on agency-eligible properties to $715,000.

Finance 384
article thumbnail

U.S. Housing Market Collapse? Nowhere in Sight

Empire Appraisal Group

U.S. Housing Market Collapse? Nowhere in Sight. Source: U.S. Housing Market Collapse? Nowhere in Sight | Florida Realtors. The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. NEW YORK – The rock-hard foundation of the U.S. housing market is suffering some cracks, but an outright collapse is nowhere in sight.

article thumbnail

Xactus and Truv partner on enhanced income, verification process

Housing Wire

Verification provider Xactus and income and employment data solution firm Truv teamed up to court more mortgage lenders that will speed up the mortgage approval process. Xacuts’ current verification capabilities will be augmented with Truv’s income and employment data, Truv, formerly known as Citadel API , said. The firm expects the partnership to allow mortgage lenders verify income and employment for more than 146 million U.S. employees, covering 85% of the country’s workforce.

Lending 383
article thumbnail

Tropical Depression Imelda's Impact On Houston Real Estate Market

Houston Properties

Here's a look at Houston neighborhoods that flood and did NOT flood during Imelda. Also, here’s a list of things to do to address minor to major property damages due to flooding.

article thumbnail

Are Vacation Rentals for Sale in Orlando a Good Investment?

Mashvisor

Vacation rentals for sale in Orlando are affordable, but are they profitable? Let’s find out in this Orlando rental market breakdown.

article thumbnail

Hurricane Harvey's Impact On Houston Real Estate

Houston Properties

Hurricane Harvey is projected to cost Texas billions of dollars in damages. Here’s a list of things to do address minor to major property damages, as well as homes affected by flooding.

article thumbnail

High Mortgage Rates Pushing Consumers to Rent Homes Instead of Buy

Mashvisor

While there is a very low correlation between real estate and the stock market, home prices continue to increase along with inflation.

article thumbnail

Top 19 Best Golf Course Communities In Houston

Houston Properties

Seeking the luxury of a golf lifestyle both on and off the course? Find the perfect Houston golf course community through our detailed guide.

69
article thumbnail

Beat the Grind: Make Millions in Real Estate by Gamifying Your Day-To-Day

BiggerPockets

Nobody likes cold calling. Even just the thought of cold calling is enough to make seasoned real estate investors start to sweat. The waiting, debating, and constant rejection can get […].

article thumbnail

Best Houston Neighborhoods: Winners & Losers Over The Past Decade

Houston Properties

Do you know which Houston neighborhoods had the best appreciation rates over the past 1, 5, and 10 years?

68
article thumbnail

Here are 92 of the Most Affordable Housing Markets in the World—Turns Out the U.S. Has Most of Them

BiggerPockets

Housing affordability in the United States has steadily declined throughout 2022 as prices and interest rates continue to rise. Affordability plays an enormous role in the housing market’s direction, and […].

article thumbnail

INMAN News Features Lamacchia Realty’s New Commitment to Success

Lamacchia Realty

INMAN news featured an article discussing Lamacchia Realty’s new Commitment to Success that was launched on September 1st. Anthony Lamacchia, CEO/Broker/Owner and Jackie Louh, COO, both commented on the recent change in the article. Read the full article here. . INMAN News Features Lamacchia Realty’s New Commitment to Success. September 7, 2022.

Realty 50
article thumbnail

How many Canadians are falling behind on their home payments?

Mortgagebroker News

New study delves into the impact rising rates and the cost-of-living crisis are having

67
article thumbnail

Top 20 Renovation Ideas To Increase Home Value In Houston

Houston Properties

Best things to-do to raise the value of your home before putting it on the market.

article thumbnail

Canada's recession risk running too high, says Desjardins economist

Mortgagebroker News

Rate jumps point to the bank's awareness of the need to pull inflation back to sub-3% levels

58
article thumbnail

Rice Lofts Houston: Rice Lofts For Sale Guide - HoustonProperties

Houston Properties

Guides and Reviews of Rice Lofts Houston

69
article thumbnail

Equifax reports two-year high in consumer insolvency levels

Mortgagebroker News

However, many households were kept afloat by financial relief programs over the past two years

56
article thumbnail

Neighborhoods Around River Oaks

Houston Properties

Compare neighborhoods near River Oaks Houston, including Avalon Place, Royden Oaks, Lynn Park, Oak Estates, Highland Village and Afton Oaks.

36
article thumbnail

Specialized lending in an outsized-rate-hike environment

Mortgagebroker News

"In many ways, these are unprecedented times for Canadians and borrowers"

Lending 54
article thumbnail

Lazybrook Timbergrove Houston Neighborhood Maps

Houston Properties

Two new updated maps of Lazybrook Timbergrove in Houston TX. See Lazybrook Timbergrove Houston homes, neighborhood, and real estate guide.

article thumbnail

Laurentian Bank announces sharp rate hike

Mortgagebroker News

The announcement followed the Bank of Canada's Sept.

58
article thumbnail

Data hack prompts lawsuit against KeyBank, vendor 

Housing Wire

Cleveland-based KeyBank , a mortgage lender and servicer with $187 billion in assets, is facing a lawsuit filed in federal court in Ohio stemming from a recent data breach that compromised its customers personal information, including social security numbers. The litigation, which seeks class-action status, alleges that a KeyBank vendor, Kennesaw, Georgia-based Overby-Seawell Co.

Insurance 365
article thumbnail

Develop Your "Before Buying A House Checklist"

Houston Properties

A checklist of things to look for before you start buying a house.

article thumbnail

Latest Duty to Serve plans are an improvement, affordable housing coalition says

Housing Wire

A coalition of 21 affordable housing groups on Wednesday said Fannie Mae and Freddie Mac made important improvements to their plans to offer housing financing in underserved markets, but still have a ways to go. The Underserved Mortgage Markets Coalition , which includes the Center for Community Progress , the National Housing Conference , the National Council of State Housing Agencies , the National Community Stabilization Trust and the Lincoln Institute of Land Policy , on Wednesday released i

article thumbnail

Modular and Other Non-Site Built Housing In 2021

Eyes on Housing

The total market share of non-site built single-family homes (modular and panelized) was at 2% of single-family completions in 2021, according to Census Bureau Survey of Construction data and NAHB analysis. This share has been steadily declining since early-2000s despite the high-level of interest for non-site built construction. In 2021, there were 24,000 total single-family units built using modular (10,000).