Wed.Sep 15, 2021

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The purchase mortgage market continues to pick up steam

Housing Wire

Mortgage loan application volume rebounded from the week prior, increasing by 0.3% for the week ending Sept. 10, according to the Mortgage Bankers Association’s weekly report. The increase in application volume was predominantly driven by purchase mortgage activity , which grew by 8% from the week prior , the trade group said. . Not surprisingly, the refi index has continued to slip, dipping 3% from the previous week, the MBA noted.

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College Debt Poses Significant Barrier to Homeownership

Appraisal Buzz

Almost half of student loan borrowers surveyed say the debt is preventing them from saving for a down payment. The post College Debt Poses Significant Barrier to Homeownership appeared first on theMReport.com. The post College Debt Poses Significant Barrier to Homeownership appeared first on Appraisal Buzz.

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FHFA proposes changes to GSE capital rule

Housing Wire

The FHFA proposed a rule on Wednesday to amend the Enterprise Regulatory Capital Framework (ERCF) for the GSEs that would refine the leverage buffer and the risk-based capital treatment for CRT transactions. However, far from reopening the whole discussion on the ERCF, the new rule proposes three specific amendments based on comments the FHFA received last year.

Investors 399
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Preparing for the Unexpected

Appraisal Buzz

In today’s Buzzcast, we dive into the story of an unexpected fire, an office deemed as a total loss, and how one appraisal company is rising from the ashes. Today we have Ryan Campbell, Owner of On Point Appraisals, with Joan Trice, Founder of Allterra Group, LLC. We’ll be getting the inside scoop about what happened on that day and how his company was able to be running again within 48 hours.

Appraisal 195
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An Appraisal Bias Enigma?

George Dell

Are valuation procedures a set up for bias failure? Let’s look to see what systemic issues there may be regarding bias in valuation. This is an enigma of multiple overlapping issues. Let’s connect the “established” appraisal practice of USPAP (Uniform Standards of Professional Appraisal Practice), the established body of knowledge (EBOK), and human behavior reality. […].

Appraisal 195
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Evolve Mortgage Services Reorganizes to Align With Expanding Loan Product Mix

Appraisal Buzz

Onshore outsourced mortgage services and technology provider Evolve Mortgage Services has announced a strategic reorganization wherein executive leaders Gregg Meyer, Tim Anderson and Mark Hughes will serve as presidents of three new business units: Originations, eMortgage and Capital Markets. “Recently, the mortgage industry has experienced an expansion in loan product mix, with a new appreciation for private loan products,” says Paul Anselmo, CEO of Evolve Mortgage Services, in a release.

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More Trending

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The Paper Problem 

Appraisal Buzz

The founder of Consigliera explains why remote online notarization adoption is key to streamlining many default servicing processes. . The post The Paper Problem appeared first on DSNews. The post The Paper Problem appeared first on Appraisal Buzz.

Appraisal 195
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5 Fields to Add to your Daily Construction Reports

GoForrmz

Better understand the performance, progress, and productivity of your job site with these five impactful fields Site superintendents have a lot on their plate between managing various subcontractors, supervising daily job site tasks, reporting to stakeholders and home-office teams, and more. Between all their day-to-day tasks, they are also required to keep project teams updated on daily progress through daily construction reports – a report designed to allow visibility into daily progress and p

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Envoy Mortgage Selects Reggora Technology for Appraisal Management Processing

Appraisal Buzz

—Digital transformation is underway with a modern approach to appraisal management—. Boston, September 14, 2021 – Reggora , an appraisal software company, improving residential real estate valuation, announced today that Envoy Mortgage has adopted its appraisal management system to help process all loans requiring an appraisal. Envoy will leverage Reggora technology to deliver a fast and efficient appraisal, supporting their customers through the home buying journey.

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Vaccines Mandate for Realtors?

Appraiserblogs

Brian Stevens of NREP discusses vaccines mandates in a video blog and whether real estate companies have the right to mandate vaccinations for agents who see see themselves as independent contractors. The video got a fair amount of attention. A good deal of comments were unfavorable to the vaccines mandate. COVID, our current seven day average right now with COVID cases is 145,724 cases with 36,953 cases on September 12 alone.

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FHFA Suspends Second Home, Investment Loan Limitations; Purchases Spring Back; Foreclosures Lowest in 20+ Years

Appraisal Buzz

The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury announced late Tuesday that they were suspending some of the provisions that had been added to the Preferred Stock Purchase Agreements (PSPAs) on last January. The PSPA is the legal agreement between Treasury and Fannie Mae and Freddie Mac governing the terms of the line of credit given to the GSEs in 2008 when they were put into conservatorship.

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Fractional interests in appraising

Valuation Review

According to business and real estate appraiser Dennis Webb of California-based Primus PVX, fractional interests in real estate have proliferated like crazy, and are not going away. At the 2021 Appraisal Institute Annual Conference attended by Valuation Review in Orlando, Fla., Webb’s presentation focused on looking forward to the 2.0 version of fractional interests involving data, methods and facts.

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Downward Trend Continues for Commercial and Multifamily Mortgage Delinquencies

Appraisal Buzz

Delinquency rates of mortgages backed by commercial and multifamily properties have broadly improved in recent months, according to two reports released by the Mortgage Bankers Association (MBA). The summary of findings come from MBA’s Commercial Real Estate Finance (CREF) Loan Performance Survey for August, and the latest quarterly Commercial/Multifamily Delinquency Report for the second quarter of 2021.

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Real Estate Is a Referral Business—And Here’s How to Find Them

BiggerPockets

Real estate is a business of referrals. When a real estate agent does business well, they will create a portfolio of referrals that will do the talking for them. But in real estate, doing business well can be easier said than done.

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HUD Takes Steps to Allocating American Rescue Plan Funds

Appraisal Buzz

Today’s actions allow communities to begin accessing nearly $5 billion in funds to prevent homelessness and protect those at-risk of losing their home. The post HUD Takes Steps to Allocating American Rescue Plan Funds appeared first on theMReport.com. The post HUD Takes Steps to Allocating American Rescue Plan Funds appeared first on Appraisal Buzz.

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Ribbon raises $150 million to expand digital homebuying

Valuation Review

Ribbon, the homeownership company, announced it has secured $150 million, inclusive of $75 million in Series C equity financing and $75 million in additional working capital. Additionally, Ribbon has also upsized its $500 million credit facility, on the heels of a 15-time growth spurt this year.

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Planet Home Lending Appoints New SVP

Appraisal Buzz

Andrew Watson will help finalize plans for Planet Home Lending’s new servicing center in Irving, Texas. The post Planet Home Lending Appoints New SVP appeared first on theMReport.com. The post Planet Home Lending Appoints New SVP appeared first on Appraisal Buzz.

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STRATMOR: Lenders should shift focus to purchasing businesses

Valuation Review

In its latest Insights Report, mortgage advisory firm STRATMOR Group connects the dots between lender profitability and business mix and details how the coming purchase market will impact lenders that are not prepared. In “Prepare Now for the Storms Ahead: Build Your Purchase Business,” Garth Graham, STRATMOR senior partner, reveals the data that makes clear the causal link between high refinance volume and high profitability.

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Student Debt Holding Buyers Back 

Appraisal Buzz

Eight years of data show that student loan debt is one of the most significant barriers standing between a potential buyer and the ability to purchase a home. . The post Student Debt Holding Buyers Back appeared first on DSNews. The post Student Debt Holding Buyers Back appeared first on Appraisal Buzz.

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PropMix platform becomes Profet.ai

Valuation Review

PropMix.io, the creator of the real estate valuation platform called Market Conditions Advisor, has rebranded the platform to better reflect its vision and capabilities. At the heart of the rebranding is a change to the name of the platform to Profet.ai to represent its objectives of helping customers predict accurate property values.

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Latest MBA Weekly Survey Shows Mortgage Application Increase

Appraisal Buzz

Mortgage applications have increased 0.3% from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending September 10, 2021. This week’s results include an adjustment for the Labor Day holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 0.3% on a seasonally adjusted basis from one week earlier.

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Commercial firm announces promotions

Valuation Review

Valbridge Property Advisors, the largest independent commercial property valuation and advisory services firm in the United States, announced multiple promotions in their northern California offices. The company is seeking appraisers and trainees/analysts throughout its four offices in northern California. Read on to learn more.

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Recognizing the Industry’s Leaders in D&I

Appraisal Buzz

Women pioneers in the mortgage space will be recognized in-person, in Dallas at the upcoming Five Star Conference, as five nominees for the 2021 Diversity & Inclusion Champion Award are in the spotlight. The post Recognizing the Industry’s Leaders in D&I appeared first on theMReport.com. The post Recognizing the Industry’s Leaders in D&I appeared first on Appraisal Buzz.

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AI president speaks to knowledge of what appraisers do, and more representation

Valuation Review

Valuation Review concludes its one-on-one conversation with Appraisal Institute (AI) President Rodman Schley from the AI Annual Conference “Rising to the Challenge” in Orlando, Fla. Schley elaborated on several misnomers people have about the appraisal profession. Read on for the rest of the interview.

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Purchase Apps Hit Five-Month High

Appraisal Buzz

Mortgage application volume rose slightly over last week, driven by a five-month high in purchase volume hot lows last seen in July. The post Purchase Apps Hit Five-Month High appeared first on theMReport.com. The post Purchase Apps Hit Five-Month High appeared first on Appraisal Buzz.

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CBRE: Commercial investment activity breaks records in Q2

Mortgagebroker News

Amid steady pandemic recovery, investment volume and counts post massive quarterly and annual increases

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Black Knight Introduces Loan Origination System for Mortgage Brokers

Appraisal Buzz

Black Knight Inc. has launched LoanCatcher, a loan origination system (LOS) designed specifically for the needs of mortgage brokers. Entirely cloud-based, LoanCatcher gives brokers affordable access to the same level of technology leveraged by the nation’s largest and most successful lenders. Any internet-connected device can access the browser-based system, so that brokers can focus on their business and borrowers. “Entrepreneurial brokers have been driving an increasing share of mo

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Poll: Canadians’ housing and economic expectations continue to worsen

Mortgagebroker News

With Q2 market growth stalling, pandemic-fuelled uncertainty has become resurgent

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Desktop and Drive-By Appraisals: Helpful Or Harmful?

AmeriMac

One of the most critical aspects of buying or selling a home ultimately comes down to the appraisal that is performed just before a transaction is finalized. Sometimes people order their own independent appraisals. In other situations, it is mandated by a buyer’s financial institution to help prevent them from overpaying on a piece of property.

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New CENTUM executives talk network’s future

Mortgagebroker News

What’s in store for the role of the mortgage broker in the future?

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Magnusson Holiday + Fashion Market- December 3 – 5

Magnusson Group

Electronic Signup for Entry Numbers. If you have questions about the signup process for one of our sales, please watch the accompanying video tutorial prior to calling our office for assistance. Sign Me Up For This Sale! Friday, December 3rd: 9am-3pm. Saturday, December 4th: 9am-3pm. Sunday, December 5th: 9am-3pm. Entry numbers for the sale will be offered beginning at noon on December 2nd on a first-come first-serve basis.

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Digital brokerage nesto appoints new executive

Mortgagebroker News

The new executive will be responsible for marketing and communications

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Morris Plains Boutique Estate Sale- December 3 + 4

Magnusson Group

Electronic Signup for Entry Numbers. If you have questions about the signup process for one of our sales, please watch the accompanying video tutorial prior to calling our office for assistance. Sign Me Up For This Sale! Friday, December 3rd: 9am-3pm. Saturday, December 4th: 9am-3pm. Entry numbers for the sale will be offered beginning at noon on December 2nd on a first-come first-serve basis.

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Desktop And Drive-By Appraisals: Helpful Or Harmful?

AmeriMac

One of the most critical aspects of buying or selling a home ultimately comes down to the appraisal that is performed just before a transaction is finalized. Sometimes people order their own independent appraisals. In other situations, it is mandated by a buyer’s financial institution to help prevent them from overpaying on a piece of property.