Housing Wire
SEPTEMBER 16, 2022
The U.S. House of Representatives this week passed a bill that streamlines the appraisal process for U.S. Department of Veterans Affairs mortgage loans. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals and in some circumstances, waiving appraisals altogether.
Appraisal Buzz
SEPTEMBER 16, 2022
Fannie Mae has announced it has appointed Anthony Moon as Executive Vice President and Chief Risk Officer (CRO), effective starting in the fourth quarter 2022. In this role, Moon will be responsible for Fannie Mae’s Enterprise Risk Management, which oversees the company’s governance and strategy for global risk management. Moon will be a member of … The post Fannie Mae Onboards New Chief Risk Officer appeared first on DSNews.
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Housing Wire
SEPTEMBER 16, 2022
Wells Fargo will pay $94 million to settle a class-action lawsuit that argued it sent more than 200,000 mortgage borrowers into forbearance during the pandemic unlawfully and without their consent. The plaintiffs argued that the San Francisco-based bank provided forbearances to customers who made inquiries about their mortgages or expressed hardship, but had not explicitly requested forbearance, Reuters reported this week.
Appraisal Buzz
SEPTEMBER 16, 2022
A new report from LexisNexis Risk Solutions focusing on financial transparency and inclusion has found that among Americans, those most financially at risk are the “unbanked”—or those without a traditional bank account—and that increasing financial inclusion in a responsible and sustainable way can help these people grow financially. LexisNexis worked with Celnet in order to … The post Lack of Transparency Hinders the Unbanked appeared first on DSNews.
Housing Wire
SEPTEMBER 16, 2022
This week’s HW+ member spotlight features Rodney Moss, executive vice president at LoanCare. HW Media: What is your current favorite HW+ article and why? Rodney Moss: All my favorite articles in HousingWire revolve around servicing innovation – really anything and everything that can help improve the overall experience for homeowners and enhance an asset’s value.
Appraisal Buzz
SEPTEMBER 16, 2022
Twenty-five-year industry veteran will be responsible for the Ewing, New Jersey-based mortgage loan subservicer’s loan boarding, acquisitions, and transfers, as well as identifying opportunities to automate processes and improve operational efficiencies. The post Gary Gaskin Joins Cenlar as VP of Transfer Services appeared first on DSNews. The post Gary Gaskin Joins Cenlar as VP of Transfer Services appeared first on Appraisal Buzz.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
SEPTEMBER 16, 2022
ATTOM has released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, unemployment and other measures in Q2 of 2022. The report shows that New Jersey, Illinois, and inland California continued to have the highest share of the most-at-risk markets in Q2 … The post Most At-Risk Counties Clustered in Chicago, New York City Area appeared first on DSNews.
Housing Wire
SEPTEMBER 16, 2022
The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose to an average of 6.02% this week ahead of the Federal Reserve ’s much-anticipated interest rate hike next week. Daily mortgage rate calculators are showing 30-year fixed rates at 6.30% and above. A year ago at this time, rates averaged 2.86%. . “Mortgage rates continued to rise alongside hotter-than-expected inflation numbers this week, exceeding six percent for the first time since late 2008,” said Sam Kh
Appraisal Buzz
SEPTEMBER 16, 2022
Freddie Mac has announced the pricing of its second Seasoned Credit Risk Transfer Trust (SCRT) offering of 2022 —a securitization of approximately $536 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans (RPLs). The SCRT program is a fundamental part of Freddie Mac’s seasoned loan offerings which … The post Freddie Mac Announces $536M Securitization of Re-Performing Loans appeared first on DSNews.
Housing Wire
SEPTEMBER 16, 2022
Fannie Mae has completed the sale of its 27 th reperforming-loan offering since the inaugural transaction in 2016. The deal represents Fannie Mae’s fourth reperforming-loan sale this year and involves a total of some 6,060 loans valued at $986.4 million. The offering — originally announced August 11 and dubbed FNMA 2022-RPL4 — was divided into three loan pools that were awarded separately. .
Appraisal Buzz
SEPTEMBER 16, 2022
The passage of HR 7735 will ease the barriers faced by veterans in obtaining an appraisal on a VA loan, evening the playing field in a competitive housing marketplace. The post New Bill to Accelerate the Processing of VA Loans appeared first on DSNews. The post New Bill to Accelerate the Processing of VA Loans appeared first on Appraisal Buzz.
Housing Wire
SEPTEMBER 16, 2022
Rocket Mortgage and its wholesale arm Rocket Pro TPO will reduce homebuyers’ monthly mortgage payments by one full percentage point for the first year of their loan. Dubbed the “Inflation Buster” program, Rocket aims to give borrowers a reprieve to combat high inflation and affordability challenges, the company said in a statement Friday.
GoForrmz
SEPTEMBER 16, 2022
GoFormz customers share their insights and success stories Teams across the globe and every industry rely on GoFormz. From small flower shops to massive construction firms, our platform is known for its intuitive interface, powerful capabilities, and incredible customer support – allowing businesses of any size and sector to digitize and optimize the way they work.
Housing Wire
SEPTEMBER 16, 2022
Having open and honest conversations around how to navigate your personal and professional life is more important than ever, as everyone works to find harmony in their life. At HW Annual on Oct. 3, Dalila Ramos, founder of Love and Tacos Media, will lead a session on work life balance, addressing the realities that many people face when having to balance the various identities in their life at the came time as their career.
The Robert Weiler Company
SEPTEMBER 16, 2022
Summer in the Buckeye State can be a sultry affair. And, surprisingly, one way to beat the heat may involve a unique land protection vehicle known as a conservation easement. From a climate perspective, a green oasis can help cities lessen their urban heat island effect. Let us make the case if the above statement doesn’t make much sense. In cities such as Columbus, Ohio, the heat is often exacerbated by what’s known as the urban heat island effect.
Eyes on Housing
SEPTEMBER 16, 2022
Per the Mortgage Bankers Association’s (MBA) survey through the week ending September 9th, total mortgage activity declined 1.2% and the average 30-year fixed-rate mortgage (FRM) rate rose seven basis points to 6.01%. The FRM rate has increased 56 bps over the past month reaching a 14-year high. The Market Composite Index, a measure of mortgage loan application volume, decreased by.
Empire Appraisal Group
SEPTEMBER 16, 2022
FSBOs Usually Soar in a Hot Market. Not This Time. Source: [link]. Housing volatility is pushing more sellers to work with real estate pros rather than go it alone. Here’s how to capitalize on higher interest in your real estate services. By: Melissa Dittmann Tracey. The volatile housing market over the last couple of years has driven more consumers toward using real estate professionals rather than attempting to complete a transaction independently.
Lamacchia Realty
SEPTEMBER 16, 2022
Lamacchia Realty announced at its monthly company updates on Wednesday that Kim Beaulieu has been promoted to Director of Human Resources! This promotion comes roughly a year after Kim transitioned to the role of Human Resources Manager. Kim has singlehandedly developed and overseen the Human Resources department at Lamacchia Realty since its inception.
Mashvisor
SEPTEMBER 16, 2022
One of the most certain ways to create wealth and build a stream of income is by investing in real estate. Is this investment still profitable?
Lamacchia Realty
SEPTEMBER 16, 2022
Kevin Cormier has officially qualified for the 2022 President’s Club by completing 33 transactions this year! This is Kevin’s second year achieving this milestone having previously qualified in 2021 – an impressive feat regardless but especially after being at Lamacchia for only one year! Kevin is extremely hardworking and dedicated to growing his business.
BiggerPockets
SEPTEMBER 16, 2022
It. Has. Begun. 2008 has returned, or at least that’s what many have been saying. In July, for the first time in 32 months, prices declined from one month to the next. […].
Mortgagebroker News
SEPTEMBER 16, 2022
Developers and local governments stress that federal funding is irreplaceable in the quest for low-cost homes
BiggerPockets
SEPTEMBER 16, 2022
Becoming a millionaire by 30 is almost every 20-or-something-year-old’s dream. But what if you want to go even further? Instead of seven-figure net worth, what about an eight-figure net worth? […].
Mortgagebroker News
SEPTEMBER 16, 2022
A decline in multi-unit urban starts contributed to a slower month overall, said CMHC
BiggerPockets
SEPTEMBER 16, 2022
For the past couple of years, new construction homes were the envy of the neighborhood. They had brand new granite countertops, walls without holes, and sometimes a garage door! In […].
Mortgagebroker News
SEPTEMBER 16, 2022
A long-standing issue in Canada’s housing market only appears to be getting worse
BiggerPockets
SEPTEMBER 16, 2022
Do you believe in miracles? I have for years. But I didn’t see this one coming. I don’t think anyone did. Love him or hate him. It’s hard not to respect […].
Mortgagebroker News
SEPTEMBER 16, 2022
Increases were registered in both the residential and the non-residential sectors
Eyes on Housing
SEPTEMBER 16, 2022
According to the annual data from the Census Bureau’s Survey of Construction (SOC), the share of new homes started with 5,000 square feet or more of living space stood at 2.90 percent in 2021, up from 2.50 percent in 2020. A total of 33,000 5,000+ square-foot homes were started in 2021, compared to 25,000 in 2020. The increase in number and share.
Mortgagebroker News
SEPTEMBER 16, 2022
One thing appears a sure thing: further increases are on the way
Housing Wire
SEPTEMBER 16, 2022
Another single-family rental (SFR) securitization deal sponsored by a large institutional player, Progress Residential , is slated to hit the private-label market this month, bringing the total securitization-deal count for Progress to seven so far this year. This latest transaction, Progress 2022-SFR7, will be secured by a single $426.8 million fixed-rate loan backed by mortgages on 1,434 single-family rental (SFR) homes.
Mortgagebroker News
SEPTEMBER 16, 2022
Supply robustness helped remove some of the volatility in the market
Eyes on Housing
SEPTEMBER 16, 2022
Over the first seven months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 645,877. On a year-over-year (YoY) basis, this is a 5.3% decline over the July 2021 level of 681,949. Year-to-date ending in July, single-family permits declined in all four regions. The South posted a slight decline 3.0% while the Midwest region reported the.
Mortgagebroker News
SEPTEMBER 16, 2022
World Bank shares its thoughts
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