Housing Wire

NOVEMBER 4, 2021

For career switchers looking for a new path that doesn’t necessarily require a college degree, they could do worse than the building trades. To keep pace with current construction demand, and account for attrition, 740,000 new construction workers are needed each year for the next three years , a report by the Home Builders Institute contends. “The construction industry needs more than 61,000 new hires every month, if we are to keep up with both industry growth and the loss of workers either thr

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Appraisal Buzz

NOVEMBER 4, 2021

ATTOM reports that as the national medium home sales continue on a torrid record pace, home sellers are increasing their profit margin by as much as 48% in the third quarter. The post Sellers Continue to Net Record Profit in Q3 appeared first on theMReport.com. The post Sellers Continue to Net Record Profit in Q3 appeared first on Appraisal Buzz.

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Housing Wire

NOVEMBER 4, 2021

The average 30-year-fixed rate mortgage dropped to 3.09 % during the week ending Nov. 4, down from 3.14% the week prior , according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.78 %. Most economists believe mortgage rates will climb following as the Federal Reserve tightens monetary policy. The central bank’s Federal Open Markets Committee announced on Wednesday that it will begin to taper its monthly asset purchases starting in Novembe

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Appraisal Buzz

NOVEMBER 4, 2021

LendingHome, which recently announced its intention to rebrand as “Kiavi” later this year, announced today that Carrie Weber, a senior executive with broad experience in numerous segments of financial services, has joined the company as chief risk officer (CRO). Weber will oversee all risk and compliance activities and design a risk management strategy that serves LendingHome at a … The post LendingHome hires new Chief Risk Officer appeared first on DSNews.

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Housing Wire

NOVEMBER 4, 2021

Rocket Companies , the parent of Rocket Mortgage, generated a whopping $1.4 billion in net income in the third quarter, up from $1 billion the previous quarter. According to the company’s earnings released on Thursday, Rocket originated $88 billion in mortgages, with a net-rate lock close to $87 billion in the third quarter. Rocket’s gain on sale margin rose by 27 basis points to 305 bps, a significant leap from 278 bps in the second quarter.

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Appraisal Buzz

NOVEMBER 4, 2021

Lenders One has announced that Tricia Migliazzo has been appointed as Senior Vice President of Origination Sales at Lenders One. In this role, Migliazzo will manage the sales teams responsible for Lenders One membership and Lenders One solutions, including CastleLine risk management and insurance, Premium Title title and settlement, Trelix mortgage fulfillment, Springhouse appraisal and valuation offerings, and the Lenders One cooperative’s preferred vendor, preferred investor and … The p

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Appraisal Buzz

NOVEMBER 4, 2021

The days of rates in the 3% range may be numbered, as yesterday’s actions by the Fed to begin tapering may put upward pressure on rates moving forward. The post Mortgage Rates Down Week-Over-Week appeared first on theMReport.com. The post Mortgage Rates Down Week-Over-Week appeared first on Appraisal Buzz.

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GoForrmz

NOVEMBER 4, 2021

Streamline commercial cleaning processes and improve customer service with these powerful digital forms for janitorial services Janitorial and commercial cleaning services can benefit from leveraging digital forms to improve inefficiencies, cut down on service time, and improve the experience for their customers. With the help of GoFormz, janitorial services teams are taking traditional paperwork and transforming them into digital forms that are accessible for employees in the field via mobile d

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Appraisal Buzz

NOVEMBER 4, 2021

Calyx , a provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders and brokers, has announced that PCV Murcor , a nationwide real estate valuations management company, is now integrated with Calyx Point. For more than 40 years, PCV Murcor has provided a full range of valuation products nationwide on all types of properties for loan origination, loss mitigation, REO, PMI removal, portfolio valuation and litigation.

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Appraiserblogs

NOVEMBER 4, 2021

The USPAP Exposure Draft Process Continues To Step Outside Their Purpose With Her / Him as the new ‘Misleading’ Debacle The general idea of definitions added to USPAP was supposed to be industry-specific nomenclature. Because ASB doesn’t have policy writers nor does legal counsel review their work, we get a lot of garbage embedded into the document.

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Appraisal Buzz

NOVEMBER 4, 2021

Weary homeseekers aren’t going to see any relief soon as the latest Market Pulse report from HouseCanary, a real estate valuation brokerage whose team of economists regularly researches and reports industry trends, found that inventory levels dropped again last month to near record low levels. HouseCanary predicts that this negative movement will continue as we move into the holiday season and likely extend into next year.

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Urban

NOVEMBER 4, 2021

Careful and consistent policy design is key to ensuring rent control and inclusionary zoning make housing affordable.

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Appraisal Buzz

NOVEMBER 4, 2021

Christopher Iaria of Diaz Anselmo & Associates takes a closer look at the far-reaching ramifications of a lawsuit involving a Chicago City ordinance. The post Illinois Appellate Court Finds “Keep Chicago Renting Ordinance” Violated State Law by Regulating Rents appeared first on DSNews. The post Illinois Appellate Court Finds “Keep Chicago Renting Ordinance” Violated State Law by Regulating Rents appeared first on Appraisal Buzz.

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Empire Appraisal Group

NOVEMBER 4, 2021

Phawat Topaisan / EyeEm / Getty Images. Many Overly-Confident Sellers Price Their Home Too High. By Amber Randall. Homeowners have read bidding-war stories and heard about homes selling for thousands of dollars more than asking price. Now they’re becoming sellers and think they can overprice their property, but the market is seeing more price reductions – 9.4% in Aug., says Zillow, up from 8.6% in July.

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Appraisal Buzz

NOVEMBER 4, 2021

Weary homeseekers aren’t going to see any relief soon as the latest Market Pulse report from HouseCanary, a real estate valuation brokerage whose team of economists regularly researches and reports industry trends, found that inventory levels dropped again last month to near record low levels. HouseCanary predicts that this negative movement will continue as we move into the holiday season and likely extend into next year.

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Riverfront Appraisals

NOVEMBER 4, 2021

Welcome to the November edition of our blog series, The Loan Officer’s Guide to Appraisals. If you’ve been following our blog, you know that all year, I’ve been writing with the purpose of assisting loan officers to better understand the appraisal process. In this month’s blog post, we’ll dive into the topic of ANSI guidelines […]. The post The Loan Officer’s Guide to Appraisals Part 11: ANSI Measurement Guidelines appeared first on Riverfront Appraisals.

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Appraisal Buzz

NOVEMBER 4, 2021

Freddie Mac is joining Fannie Mae in including timely rent payments into the assessment of homebuyer credit. Fannie Mae’s president, Hugh Frater announced a program in August that would allow lenders to use Desktop Underwriter to submit a history of recurring rent payments. The program Freddie Mac just announced appears to go a further. The company says it is encouraging operators of multifamily properties to report on-time rent payments to the three major credit bureaus.

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BiggerPockets

NOVEMBER 4, 2021

“Should I cash out my 401k?” That’s a question you never want to ask in an online financial independence forum. It’s been a well-known rule to never cash out retirement […].

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Appraisal Buzz

NOVEMBER 4, 2021

In Q3, home sellers earned record profits, as the median U.S. home price jumped 16% to $310,500, reaching levels not seen in a decade. The post Home Sale Profit Margins Hit 10-Year High appeared first on DSNews. The post Home Sale Profit Margins Hit 10-Year High appeared first on Appraisal Buzz.

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BiggerPockets

NOVEMBER 4, 2021

You are not aiming high enough. I hate to break it to you, but you are simply not aiming high enough. You, just like everyone else, are conditioned to play […].

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Appraisal Buzz

NOVEMBER 4, 2021

In today’s Buzzcast, we dive into the death of the appraisal firm and how we can bounce back better than ever. Today we have Jim Morrison, VP of Marketing and Sales for Allterra Group, and Kim Perotti, Co-President of Axis AMC. We’ll be getting the inside scoop while they discuss what an appraisal firm could do for your business. Why do you see a “Death” in the appraisal firm?

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Lamacchia Realty

NOVEMBER 4, 2021

COMMON FEARS OF HOMEOWNERSHIP. For many people, all of the responsibilities of homeownership can bring about many fears. From the stress of finding just the right home to figuring out your finances, to closing, and dealing with the responsibilities of being a new homeowner, there’s a lot to consider. While it can be overwhelming, it doesn’t need to be scary!

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Appraisal Buzz

NOVEMBER 4, 2021

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.09%. “While mortgage rates fell after several weeks on the rise, we expect future upticks due to stronger economic data and as the Federal Reserve pulls back on its stimulus,” says Sam Khater, Freddie Mac’s chief economist.

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Berkshire Hathaway

NOVEMBER 4, 2021

Each new home seller has a laundry list of questions that they may have to ask their realtor before the process of putting their home on the market begins. Here we answer the top questions most new home sellers have. When is the best time to sell my home? Every real estate market is different, therefore, the best time to sell a home will be different from real estate community to real estate community.

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Appraisal Buzz

NOVEMBER 4, 2021

While budget cuts are traditional in a competitive market, mortgage lenders should reconsider who their service providers are, and what they bring to the table. The post Winning the War Against Margin Compression appeared first on theMReport.com. The post Winning the War Against Margin Compression appeared first on Appraisal Buzz.

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Appraisal Mortgage Marketing 195

Property Metrics

NOVEMBER 4, 2021

Interpreting interest rates is not always as straightforward as it seems and getting it right can have important implications for all parties involved in a commercial real estate transaction. Interest rates can take two forms: nominal interest rates and effective interest rates. As a result, there can be some confusion about what a quoted interest rate actually means.

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Appraisal Buzz

NOVEMBER 4, 2021

Anita Bush of FICS details how the industry is pushing to improve communication with limited English proficiency borrowers. The post Breaking Down the Language Barrier appeared first on DSNews. The post Breaking Down the Language Barrier appeared first on Appraisal Buzz.

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Mortgagebroker News

NOVEMBER 4, 2021

The record low-rate environment will prove to be a major disadvantage for newly borrowed mortgages, according to the bank’s deputy chief economist

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Mashvisor

NOVEMBER 4, 2021

In this article, you will learn about owner financing, its pros and cons, and how you can find owner financed homes in Oklahoma.

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Mortgagebroker News

NOVEMBER 4, 2021

Chief economist on a market that seems to be heating up – and what the Bank of Canada might do next

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Housing Market Marketing 69

Eppraisal

NOVEMBER 4, 2021

Why is it that a home loan applicant is politely shown the door by a branch of a national bank yet is approved for the same amount of money by another lender? The answer is that lending institutions are not all created in the same image. In terms of customer base, funding sources, home values and business models, these varying financial organizations often diverge one from another.

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Mortgagebroker News

NOVEMBER 4, 2021

Despite those risks, many larger lenders are equipped to deal with such setbacks

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The Robert Weiler Company

NOVEMBER 4, 2021

‘Tis the season to be stumped! Coming up with ideas for the perfect gifts to surprise that special person each year can be an unnerving task. And, if you have a real estate investor in your life, the gift-finding pursuit can be quite a challenge. Luckily, your serendipitous muses at The Robert Weiler Company are here to offer some awesome, functional, and fun gift ideas for your favorite real estate investor – whether they’re into homes, buildings, or anything in between!

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Mortgagebroker News

NOVEMBER 4, 2021

The sector had been among the worst hit as the impact of COVID-19 took effect

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