Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. On Wednesday, the bank announced that it will consider applications for residential mortgage or home equity line of credit (HELOC) on the portal EZApply only until Feb. 11. The Spanish bank said it will continue to service current loans and honor pending borrowers’ applications.

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Appraisal Buzz

FEBRUARY 3, 2022

HouseCanary, Inc., released its latest Market Pulse report, covering 22 listing-targeted measures and comparing data between January 2021 and January 2022. The Market Pulse is an ongoing review of proprietary data and insights from HouseCanary’s nationwide platform. “As we enter 2022, the housing market’s inventory crisis has only continued to worsen, frustrating many prospective homebuyers,” said Jeremy … The post Housing Markets Experience Strain in Supply appeared first on

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Housing Wire

FEBRUARY 3, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Housing Market Marketing Supply Chain Mortgage 410

Appraisal Buzz

FEBRUARY 3, 2022

HouseCanary, Inc., released its latest Market Pulse report, covering 22 listing-targeted measures and comparing data between January 2021 and January 2022. The Market Pulse is an ongoing review of proprietary data and insights from HouseCanary’s nationwide platform. “As we enter 2022, the housing market’s inventory crisis has only continued to worsen, frustrating many prospective homebuyers,” said Jeremy … The post New Net Listing Volume Released, Affordability Issues Remain a

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Housing Wire

FEBRUARY 3, 2022

The average 30-year-fixed rate mortgage remained flat for the third consecutive week at 3.55% for the week ending Feb. 3, reflecting the impacts of the Omicron variant in the economy, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.73%. The PMMS report is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.

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Appraisal Buzz

FEBRUARY 3, 2022

Mortgage rates have begun to plateau, with a spike in home buyer demand due to the continued lack of supply and elevation in prices. The post Affordability Issues Linger Despite Stabilization of Mortgage Rates appeared first on theMReport.com. The post Affordability Issues Linger Despite Stabilization of Mortgage Rates appeared first on Appraisal Buzz.

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Appraisal Buzz

FEBRUARY 3, 2022

LexisNexis has released its fifth True Cost of Fraud study which examines fraud trends for the United States based on the answers of 502 risk and fraud management executives which found that mortgage lenders are especially through online and mobile channels. According to the survey, the cost of fraud for U.S. financial services and lending firms … The post The True Cost of Fraud appeared first on DSNews.

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Housing Wire

FEBRUARY 3, 2022

Incenter Mortgage Advisors was flooded with a surge of mortgage-servicing rights business in January — with bulk MSR sales approaching in one month what the firm normally tallies in an entire year. Denver-based Incenter’s managing director, Tom Pierc y, said he expects the rising tide of business to continue for the foreseeable future, so long as the housing market is swept up in a rising-rate environment — prompting holders of MSRs to sell the assets.

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Marketing Mortgage Investing Buyers 370

Appraisal Buzz

FEBRUARY 3, 2022

Tavant , a provider of digital lending solutions, is collaborating with PennyMac Financial Services Inc., a publicly traded residential mortgage companies. Pennymac has integrated Tavant FinDecision into its POWER Portal for broker partners. Pennymac’s access to FinDecision’s dual Automated Underwriting Systems (AUS) functionality and other core processes provides the company an additional tool to yield better, faster decisioning.

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Housing Wire

FEBRUARY 3, 2022

California-based nonbank mortgage lender Pennymac Financial Services posted record loan production last year, but a significant decline in net profits. Reflecting the higher rate landscape, in the last three months of 2021, the servicing segment brought more returns to the company than production. . The company reported a net income of $1 billion in 2021, down from a record of $1.6 billion in the previous year.

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Appraisal Buzz

FEBRUARY 3, 2022

StackSource , an online financing platform for commercial real estate deals, has launched its next generation, mobile-friendly lender interface. Lenders on the StackSource platform now have access to the digital offering memorandum – saving lenders more time than ever before evaluating StackSource’s fully vetted real estate lending opportunities. “The limiting factor for most lenders building their loan portfolio isn’t capital – it’s time,” says StackSource founder

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Real Estate Lending Finance Appraisal 195

Eyes on Housing

FEBRUARY 3, 2022

Most analyses of lumber price trends and levels fail to account for inflation because the price data for softwood lumber used in framing applications is generally quoted using the Random Lengths Framing Lumber Composite Price or lumber futures prices–neither of which is inflation-adjusted.

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Appraisal Buzz

FEBRUARY 3, 2022

Steve Jacobson, Founder and CEO of Fairway Independent Mortgage, details his company’s employee-first mentality, and how an independent mindset has fostered its success. The post The Discipline of Consistency appeared first on theMReport.com. The post The Discipline of Consistency appeared first on Appraisal Buzz.

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GoForrmz

FEBRUARY 3, 2022

Seamlessly collect and store data with these digital work order template features. Work orders are a critical part of collecting real-time data for your business operations. With paper forms, your team is left with messy, disorganized, and inaccurate forms and fragmented information. By digitizing your work orders, you will not only save time and money but also improve the quality of collected data and elevate your client-facing documents to be more professional and efficient.

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Appraisal Buzz

FEBRUARY 3, 2022

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.55%. “The economy lost some momentum in January, leaving mortgage rates unchanged from last week and relatively flat for the third consecutive week. This stagnation reflects the economic impact of the Omicron variant of COVID-19, which we believe will subside in the coming months,” says Sam Khater, Freddie Mac’s chief economist.

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Appraiserblogs

FEBRUARY 3, 2022

Fannie Mae has decided to make at least 2 significant changes… The New Year is here and along with that comes change. The appraisal industry and the appraisal profession is no exception to this. Change is something we should embrace provided that the change is for the betterment of those effected by the change. Before we make a change we need to identify what we are trying to accomplish and will the purposed changes achieve the desired results and is this the best way to accomplish our objective

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Appraisal Buzz

FEBRUARY 3, 2022

With expanded capacity for tech, education, and “boots on the ground,” DIMONT’s leadership discusses how the company is pivoting to tackle clients’ needs better than ever before in this month’s issue of DS News. The post Making Adjustments appeared first on DSNews. The post Making Adjustments appeared first on Appraisal Buzz.

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Urban

FEBRUARY 3, 2022

Instead of pursuing the politically popular across-the-board monthly mortgage insurance premium cut, policymakers can enact these three policy solutions to reduce the Mutual Mortgage Insurance Fund surplus and help homebuyers build wealth.

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Appraisal Buzz

FEBRUARY 3, 2022

A commitment to diversity, equity, and inclusion in the workplace earns the GSE a perfect score by the Human Rights Campaign Foundation. The post Freddie Mac Recognized for Workplace Equality appeared first on DSNews. The post Freddie Mac Recognized for Workplace Equality appeared first on Appraisal Buzz.

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Empire Appraisal Group

FEBRUARY 3, 2022

Many Bathroom Remodels Are Really More of an Upgrade. Survey: Remodeling skyrocketed during lockdowns with many homeowners focused on their bathrooms. The desire to “soak in a bathtub” rose 6 percentage points. NEW YORK – Bathrooms have become popular spots to renovate during the pandemic, particularly to outfit with more spa-like features, according to the 2021 Houzz Bathroom Trends Study , a survey of nearly 3,000 homeowners planning or who have recently completed a bathroom renovation.

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Appraisal Buzz

FEBRUARY 3, 2022

The most recent edition ATTOM’s U.S. Home Equity & Underwater Report for the third quarter shows that nearly half of mortgaged residential properties were considered “equity-rich” meaning that the remaining balance of a mortgage was no more than 50% of their estimated market value. In the fourth quarter, the portion of mortgaged homes that were equity-rich rose to 41.9%, up from 39.5% in … The post Meager Amount of Homes Considered Seriously Underwater appeared first on DSNews.

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Riverfront Appraisals

FEBRUARY 3, 2022

When was the last time you heard of anyone starting a new career or business, and achieving massive success all on their own? Without the help of anyone. Not a team, not even an assistant. Can you think of anyone who has done it all on their own? I sure can’t. We were not […]. The post The Realtor’s Guide to Appraisals, Part 2 Why You Need An Appraiser On Your Team appeared first on Riverfront Appraisals.

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Appraisal Buzz

FEBRUARY 3, 2022

The most recent edition ATTOM’s U.S. Home Equity & Underwater Report for the fourth quarter shows that nearly half of mortgaged residential properties were considered “equity-rich” meaning that the remaining balance of a mortgage was no more than 50% of their estimated market value. In the fourth quarter, the portion of mortgaged homes that were equity-rich rose to … The post Booming Market Furthers Rise in Homeowner Equity appeared first on theMReport.com.

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Lamacchia Realty

FEBRUARY 3, 2022

WE DON'T KNOW HOW MUCH OTHERS ARE OFFERING. Continuous record low inventory has forced buyers into a tough spot. Bidding wars are abundant in this market, this is good news for sellers but often a nightmare for buyers. Bidding wars fill buyers with conflicted emotions from having the desire to win the home and at the same time not overpaying for the property.

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Appraisal Buzz

FEBRUARY 3, 2022

ReverseVision has announced its addition of long-time mortgage professional Steve Butler to the company’s sales team, bringing more than 35 years of experience to the company. The Home Equity Conversion Mortgage provider has been adding resources in key functional areas as part of its strategic expansion plan. “I am excited to join the team at … The post Industry Vet Named ReverseVision Director of Business Development appeared first on theMReport.com.

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Lamacchia Realty

FEBRUARY 3, 2022

Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for January 2022! 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 month! January 2022 Winners of the Top 10 for the Company are: Eileen Doherty grew up in Woburn and resides in the area to this day.

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Mortgagebroker News

FEBRUARY 3, 2022

The company says agents and brokers have always been its "number one" priority – and that’s not changing anytime soon

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Agents 66

Lamacchia Realty

FEBRUARY 3, 2022

RisMedia released its list of 2022 Real Estate Newsmakers on February 1st. Anthony Lamacchia was on the list, specifically named under the Crusader category highlight! Anthony and the other outstanding individuals who made the list were honored “for making news for their positive contributions to the consumers and communities they serve”, despite the challenging market.

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Real Estate Realty Agents Realtors 68

Mortgagebroker News

FEBRUARY 3, 2022

The company is restating its commitment to open platforms and streamlining the mortgage process for customers

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Mortgage 66

BiggerPockets

FEBRUARY 3, 2022

Ahh, the age-old question: pay off your mortgage early or invest? It’s no wonder so many members of the financial independence community have strong feelings about one or the other. […].

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Mashvisor

FEBRUARY 3, 2022

Investing in an Airbnb property is a very profitable business venture for real estate investors.

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Investing Real Estate Investors Business 68

Mortgagebroker News

FEBRUARY 3, 2022

The network has made significant strides in the national market over the past few months

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Marketing 64

Mashvisor

FEBRUARY 3, 2022

Rental properties are some of the most profitable business ventures for real estate investors.

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Investors Real Estate Investing Business 68

Mortgagebroker News

FEBRUARY 3, 2022

The market's relatively modest January activity might herald an easing of supply-demand pressures

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Marketing 62