Fri.Nov 19, 2021

article thumbnail

CFPB ponders how well HMDA captures discrimination

Housing Wire

The Consumer Financial Protection Bureau (CFPB) is launching a voluntary review of its mortgage data collection — a key tool in bringing redlining cases — to assess its effectiveness in detecting discrimination. The evaluation of rules implementing the Home Mortgage Disclosure Act will support the CFPB in its efforts to maintain a “fair, competitive, and non-discriminatory mortgage market,” the watchdog agency said.

Lending 368
article thumbnail

The Week Ahead: Where Is the Housing Market Going in Q4?

Appraisal Buzz

After months of record home sales, fierce bidding wars, and low rates, the market has cooled as supply has dwindled, and more are opting to see where the market settles. The post The Week Ahead: Where Is the Housing Market Going in Q4? appeared first on theMReport.com. The post The Week Ahead: Where Is the Housing Market Going in Q4? appeared first on Appraisal Buzz.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

UWM cancels secondary offering

Housing Wire

On Tuesday, Mat Ishbia launched a strategy to attract sophisticated investors to United Wholesale Mortgage (UWM) shares and eliminate the “ meme stock ” label. However, that strategy is dead for now as UWM Holdings Corp. said on Thursday that its principal shareholder, SFS Holding Corp. — a holding firm controlled by Mat Ishbia and his father, Jeffrey Ishbia — terminated the secondary offering announced two days before.

Investors 354
article thumbnail

Inventory Issues Not Enough to Slow Surging Demand

Appraisal Buzz

The combination of a healthy economic recovery and continued low rates is forcing home buyers into limited options. The post Inventory Issues Not Enough to Slow Surging Demand appeared first on DSNews. The post Inventory Issues Not Enough to Slow Surging Demand appeared first on Appraisal Buzz.

Inventory 195
article thumbnail

How to Become a Property Appraiser

McKissock

There are many opportunities for new real estate appraisers entering the profession today. The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. Top reasons why people choose an appraisal career include income potential, opportunity for flexible hours, and diverse career paths.

article thumbnail

Home Buyer Demand Hits Peak Levels

Appraisal Buzz

At a time of the year when the market generally cools, home buyers are looking to land the home of their dreams among an ever-shrinking supply. The post Home Buyer Demand Hits Peak Levels appeared first on theMReport.com. The post Home Buyer Demand Hits Peak Levels appeared first on Appraisal Buzz.

Buyers 195

More Trending

article thumbnail

LendingHome Completes Rebrand to ‘Kiavi’

Appraisal Buzz

New brand to key in on real estate investors’ access to capital and the revitalization of neighborhoods and rehabbing of homes across the U.S. The post LendingHome Completes Rebrand to ‘Kiavi’ appeared first on DSNews. The post LendingHome Completes Rebrand to ‘Kiavi’ appeared first on Appraisal Buzz.

article thumbnail

Rookie Podcast 132: Find Money, Partners, & Deals Using The “D.A.D System” w/ Mike Michalowicz

BiggerPockets

We often hear entrepreneurs talk about how they want to “be the best” in their field. It’s the same with many real estate investors. They want to be the best […].

article thumbnail

Mortgage Automator Integrates Lightning Docs Loan Document System

Appraisal Buzz

Mortgage Automator, a complete loan origination and servicing software for private lenders, has integrated Lightning Docs , a proprietary cloud-based loan document generation system developed in-house by the attorneys and partners at Geraci LLP. “We are very excited to partner with Geraci LLP who share our vision and commitment to the digital progress in the private mortgage industry,” says Joseph Fooks, Mortgage Automator’s co-founder.

Mortgage 195
article thumbnail

The Complete Guide to Setting Your Airbnb House Rules

Mashvisor

Whether you’ve been a host for years or you’re just starting, you should know that Airbnb property listing tips (including highly descriptive, high-quality photos, catchy listing headlines, and so on)…

article thumbnail

Blend and PRMG Extend Their Partnership

Appraisal Buzz

Mortgage banker will benefit by streamlining its operations through Blend’s digital offerings. The post Blend and PRMG Extend Their Partnership appeared first on theMReport.com. The post Blend and PRMG Extend Their Partnership appeared first on Appraisal Buzz.

Appraisal 195
article thumbnail

6 Tips to Boost Your Airbnb Occupancy Rate in 2022

Mashvisor

You’ve done the due diligence needed to start a vacation rental property business, selected the best location you could find, invested your hard-earned money, and listed your short-term rental on…

article thumbnail

Nearly 2% of All Mortgages Remain in Forbearance Plans

Appraisal Buzz

New dataset finds approximately 1.01 million mortgage holders remain in pandemic-related forbearance plans, accounting for approximately $188 billion in total unpaid principal balance (UPB). The post Nearly 2% of All Mortgages Remain in Forbearance Plans appeared first on DSNews. The post Nearly 2% of All Mortgages Remain in Forbearance Plans appeared first on Appraisal Buzz.

Mortgage 195
article thumbnail

PEI passes two-year moratorium on "renovictions"

Mortgagebroker News

It is currently facing an affordability crisis driven by housing shortages

66
article thumbnail

Homebuying Demand Reaches High Levels, Redfin Reports

Appraisal Buzz

Redfin’s Homebuyer Demand Index hit a new all-time high since at least 2017, according to a new report from Redfin , a real estate brokerage. This is a sign of strong ongoing housing demand during a time of year when the market typically slows. The Redfin Homebuyer Demand Index is a seasonally adjusted measure of requests for home tours and other home-buying services from Redfin agents and Redfin partner agents to whom the company refers.

Brokerage 195
article thumbnail

BMO offers mortgage deferrals for customers impacted by BC floods

Mortgagebroker News

"We're here to support our customers in their time of need," says bank

article thumbnail

HW+ Member Spotlight: Brian Hale

Housing Wire

This week’s HW+ member spotlight features Brian Hale, founder, and CEO at Mortgage Advisory Partners (MAP). Hale recently launched MAP, his new consultancy business, to help mortgage bankers, mortgage brokers, banks, homebuilders and real estate agents improve their mortgage-related businesses. With over 40 years of mortgage experience, Hale has held C-suite positions for some of the top housing companies in the industry, including ClosingMark Financial Group , Stearns Lending , MetLife H

article thumbnail

What is worsening housing shortages in the North?

Mortgagebroker News

New CMHC report finds notable supply and affordability challenges in the territories

59
article thumbnail

VA hikes appraisal fees, turn-times in select markets

Housing Wire

The Department of Veterans Affairs will raise appraisal fees and lengthen allowable turnaround times in select markets across the country in response to high demand for appraisals. The cabinet-level federal agency, which backs mortgage loans for veterans, said the move was in response to “unprecedented demand for appraisal services” in some markets.

Appraisal 458
article thumbnail

FSRA calls out unlicensed mortgage business

Mortgagebroker News

The regulator confirms the business's address

article thumbnail

Construction Loans Slightly More Available, But at Higher Rates

Eyes on Housing

In the third quarter of 2021, effective interest rates increased on all four categories of loans tracked in NAHB’s Survey on Acquisition, Development & Construction (AD&C). This result reverses a general downward trend that had prevailed since the third quarter of last year. In the third quarter of 2021, the average effective rate (based on rate of return to the.

article thumbnail

What does it take to make a Toronto brokerage a success?

Mortgagebroker News

Co-founders on the company's growth over the last decade

article thumbnail

Gains for Custom Home Building

Eyes on Housing

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building matched the best quarter for construction starts since the spring of 2008 during the third quarter of 2021. There were 56,000 total custom building starts during the third quarter of the year. This marks a 5.7% gain from the third quarter of.

Design 140
article thumbnail

DS5: How Freddie Mac Is Aiding Servicers With PAID

Appraisal Buzz

Dave Lucchino, SVP, Single-Family Operations at Freddie Mac, discusses the PAID tool and how it can help servicers, as well as other client-centric solutions the GSE is working on. The post DS5: How Freddie Mac Is Aiding Servicers With PAID appeared first on DSNews. The post DS5: How Freddie Mac Is Aiding Servicers With PAID appeared first on Appraisal Buzz.

Tools 195
article thumbnail

Angela Harkins Qualifies for 2021 President’s Club ELITE

Lamacchia Realty

We are proud to share that Angela Harkins has officially qualified for President’s Club ELITE status in 2021! To achieve ELITE status, agents must achieve an extremely challenging number of transactions or level of sales volume. In 2021, Angela reached this prestigious benchmark by selling over $26,000,000 in sales volume! Angela is well known among her clients and coworkers for being equally dedicated to her work and those she works with.

Realty 69
article thumbnail

DS5: Freddie Mac’s Customer-Centric Solutions

Appraisal Buzz

In this episode of DS5, Dave Lucchino, SVP, Single-Family Operations for Freddie Mac, discusses the GSE’s PAID tool and how it’s aiding mortgage servicers. The post DS5: Freddie Mac’s Customer-Centric Solutions appeared first on theMReport.com. The post DS5: Freddie Mac’s Customer-Centric Solutions appeared first on Appraisal Buzz.

Tools 195
article thumbnail

October 2021 Housing Report

Lamacchia Realty

The Lamacchia Monthly Housing Report highlights home sale statistics, average sales prices, the number of homes listed and pending as well as price changes for single-families, condos, and multi-family homes in Massachusetts. For New Hampshire it presents home sale statistics and average sales prices. These factors, when compared year over year, are all indicators for predicting future trends in the market. 2019 will be examined in some areas to highlight the lingering impact of COVID in real es