Housing Wire

OCTOBER 27, 2022

Independent mortgage brokers are beginning to have the products and tech tools needed to compete with banks and large retail lenders, and customers are reaping the benefits of this growing channel. HousingWire recently spoke with Desmond P. Smith , chief growth officer for United Wholesale Mortgage, about the transition from retail to wholesale for brokers and what the future of the independent broker channel holds. .

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Cleveland Appraisal Blog

OCTOBER 27, 2022

Are you anticipating having your home appraised? How can you prepare for the inspection? This week I welcome back guest blogger, Betty White, who shares her thoughts on ways to prepare. While she is not an appraiser, I am, and I agree that these things can help! I hope you find this information helpful! When selling or refinancing a house, an appraisal is typically necessary.

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Housing Wire

OCTOBER 27, 2022

Everyone knows that the current market is a challenging environment for housing professionals, as high rates mean fewer originations and even less refi business. But according to Shant Banosian, Guaranteed Rate’s top-ranked loan officer, now is the time for LOs to show up and work hard. “In my opinion, this next 12 to 18 months are going to be the most important in all of our careers,” Banosian told HW Media CEO Clayton Collins in a session at HousingWire Annual: The Remix.

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Appraisal Buzz

OCTOBER 27, 2022

The number of zombie properties inched upward in Q4, and though they remain a small portion of the market at just one in every 13,000 residential properties nationwide, those numbers are projected to grow in the aftermath of foreclosure moratoria lapsing. The post Vacant Homes in Foreclosure Record Third Consecutive Quarterly Increase appeared first on Appraisal Buzz.

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Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Borrowers are now seeking options to reduce their initial mortgage payments while hoping that rates will decline enough to warrant a refinance in the next few years. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose 14 basis points from last week to 7.08%, accelerating its up

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Appraisal Buzz

OCTOBER 27, 2022

A new document outlines a list of proposals and alternatives under consideration for the Consumer Financial Protection Bureau’s data rights rulemaking—strengthening consumers’ access and rights to their financial data—through updates to the Dodd-Frank Act. The post Feds Aim to Return Financial Data Rights to Consumers appeared first on Appraisal Buzz.

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Appraisal Buzz

OCTOBER 27, 2022

“The share of U.S. borrowers who are six months or more late on their mortgage payments fell to a two-year low in August and was less than one-third of the pandemic high recorded in February 2021,” said Molly Boesel, Principal Economist at CoreLogic. The post Report: Delinquent Borrowers Finding ‘Alternatives to Defaulting’ appeared first on Appraisal Buzz.

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Housing Wire

OCTOBER 27, 2022

California-based Pennymac Financial Services delivered an increased profit in the third quarter of 2022, mainly due to the performance of its servicing portfolio. . However, the company has been looking at the challenges ahead and has started to estimate the impacts of a recession on its businesses while monitoring the need for more cost savings initiatives. .

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GoForrmz

OCTOBER 27, 2022

Watch the replay of our Office Hours webinar and catch up on the latest GoFormz features In this webinar, Kelsey Griswold, Sr. Director of Product Management, and Alicia Bryan, Director of Customer Success, explore some enhancements to the GoFormz platform. Over the past 3 months, we’ve been hard at work adding new features to help your daily productivity.

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Eyes on Housing

OCTOBER 27, 2022

Real GDP grew in the third quarter, after shrinking for the first two straight quarters of 2022. This quarter’s growth was mostly fueled by a decline in the trade deficit. More important, the data from the GDP report suggests that inflation is cooling. The GDP price index, rose 4.1% for the third quarter, down from a 9.0% increase in the.

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Kairos Appraisal Services

OCTOBER 27, 2022

October 27, 2022—Kairos Appraisal Services has expanded its service footprint to include the states of South Dakota, Oklahoma, and Minnesota. Kairos Appraisal, a nationally recognized AMC, is now licensed in 42 states. The company is known and recognized for its work in revolutionizing the appraisal process. This tech includes pre-appraisal tools that help improve turn… The post Kairos Appraisal Services Adds More States to Its Nationwide Roster appeared first on Kairos.

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Eyes on Housing

OCTOBER 27, 2022

Housing’s share of the economy edged lower at the end of the third quarter of 2022. This is the first quarter where GDP increased for 2022, with overall GDP increasing at a 2.6% annual rate, following a 0.6% decrease in the second quarter and 1.6% decrease in the first quarter. However, due to higher interest rates, housing’s share of GDP.

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BiggerPockets

OCTOBER 27, 2022

The rent boom that’s impacted nearly every U.S. market over the last two years is over. Since the middle of 2020, rents have soared in the United States, well before […].

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Housing Wire

OCTOBER 27, 2022

On Thursday, the gross domestic product data for the third quarter showed the U.S. economy grew at a rate of 2.6%, breaking the negative GDP streak we had in the past two quarters. Does this mean the Federal Reserve needs to hike rates even more to get the recession they’re looking for, or is there a case for mortgage rates to go below 6% over the next six months?

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BiggerPockets

OCTOBER 27, 2022

US housing markets have started to shift. The massive run-up in home prices eventually led us to high interest rates, high inflation, and a generation of renters who can’t afford […].

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Mortgagebroker News

OCTOBER 27, 2022

However, the central bank should stay its course when it comes to its inflation-moderation strategy, economists say

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BiggerPockets

OCTOBER 27, 2022

Unless you’re a money nerd, knowing how to start investing from scratch isn’t as easy as it seems. With so many options out there and the economy faltering, how do […].

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Mortgagebroker News

OCTOBER 27, 2022

"They are telling you, 'We have done most of the job, but it's not done yet'"

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Listing Spark

OCTOBER 27, 2022

powered by Sounder. Episode overview. The real estate market is ever changing for buyers, sellers, and investors. With pullback from everyone, you need to make sure you have the right strategy when approaching the current market. Should you be offering concessions if you are a seller? Should buyers still be staying in with current interest rates? What can you be doing to sell your house faster?

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Mortgagebroker News

OCTOBER 27, 2022

The magnitude of further spikes will continue to depend on the national economy's stability, says Sherry Cooper

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Housing Wire

OCTOBER 27, 2022

Homebuyer affordability, the silver lining in a cooled down housing market , took a huge hit in September as surging mortgage rates led monthly payments to rise. The national median payment applicants applied for increased by 5.5% to $1,941 in September, up from last month’s $1,839, according to the Mortgage Bankers Association (MBA). MBA’s PAPI, which measures how new monthly mortgage payments vary relative to income, rose 5.5% to 163.6 in September from 155 in August, reversing a four-month-co

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Mortgagebroker News

OCTOBER 27, 2022

The central bank's rate increases continue to weigh on consumer spending levels

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Appraisal Buzz

OCTOBER 27, 2022

HUD and the Census Bureau reported that single-family home sales fell month-over-month in September, with the nation’s supply of homes for sale rising by 1.1 months to 9.2, above the standard for a balanced market that favors buyers and sellers evenly. The post U.S. Housing Supply Rises in September appeared first on Appraisal Buzz.

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Mortgagebroker News

OCTOBER 27, 2022

"I was inspired by these great bosses, be it male or female, that I've had in my lifetime"

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Clear Capital

OCTOBER 27, 2022

Freddie Mac’s ACE+ PDR: How to originate refinance loans without an appraisal. In July 2022, Freddie Mac launched its ACE+ PDR solution. This inspection-based appraisal waiver program allows lenders to originate certain Freddie Mac-eligible cash-out and rate and term refinance mortgage loans without an appraisal. Read on to discover where Freddie Mac’s ACE+ PDR fits into appraisal modernization, why it’s important to our industry, and how lenders can take advantage of this new solution.

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Mortgagebroker News

OCTOBER 27, 2022

The region is still at little risk of oversupply, new Avison Young report says

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Appraiserblogs

OCTOBER 27, 2022

Appraisers, since 2011, the GSEs (called the ‘Enterprises’) have been collecting and analyzing appraisal data using their proprietary Uniform Appraisal Dataset (UAD) which was overlaid on four of the standard GSE appraisal forms, SFR’s and Condo’s only. Ever since then, appraisers and other users have complained that none of that data was available.

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Mortgagebroker News

OCTOBER 27, 2022

The strategy is especially crucial in the current mortgage market, says executive

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