Housing Wire
FEBRUARY 16, 2022
Mortgage applications decreased 5.4% for the week ending Feb. 11, reflecting what the mortgage market looks like when rates eclipse 4% for the first time since 2019. The Mortgage Bankers Association ‘s seasonally adjusted refi index fell 8.9% from the previous week, bringing its share of total applications to the lowest level in 19 months. Meanwhile, the purchase index dropped a mere 1.2%.
Appraisal Buzz
FEBRUARY 16, 2022
PERSON OF THE WEEK: Research and market trends show that millennials are now hot to buy homes – but mortgage lenders still have a lot to learn about how to do business with this generation of homebuyers. Considering that millennials are the largest generation in terms of population, and have generally been slow to become homeowners, it’s easy to understand why this cohort represents such a huge opportunity for lenders: Currently, only about 45%.
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Housing Wire
FEBRUARY 16, 2022
In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. The problem with private money lenders is that good ones are hard to come by. Let’s look at what private money lenders do and how they operate, as well as the potential benefits of using private or hard money loans and how to locate and select a reputable private money le
Appraisal Buzz
FEBRUARY 16, 2022
Joe Nackashi is the new CEO of mortgage software firm Black Knight , as of May 22, the company announced. He was previously president. Nackashi replaces Anthony Jabbour, chairman and CEO, who will assume the role of executive chairman of the board starting in May. Kirk Larsen, Black Knight’s CFO, will assume the role of president and CFO. Jabbour joined Black Knight as CEO in 2018 and became chairman and CEO in 2021.
Housing Wire
FEBRUARY 16, 2022
The mortgage servicing rights market took off like a rocket in January and it has continued to accelerate into the stratosphere in February, according to industry experts who follow the MSR market closely. About $180 billion in residential bulk MSR assets were brought to market just in the month of January, “and February will be another huge month as well,” according to Michael Carnes, managing director of the MSR valuation group for New York-based Mortgage Industry Advisory Corporation (MIAC).
Appraisal Buzz
FEBRUARY 16, 2022
According to a new report from Redfin, real estate investors bought a record 18.4% of the homes that were sold in the U.S. during Q4 of 2021–worth a total of nearly $50 billion. That’s up from 12.6% a year earlier, and a revised rate of 17.4% in Q3. Although investor market share hit a record … The post Investor Market Share Hits Record High appeared first on DSNews.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
FEBRUARY 16, 2022
As prices continue to escalate, home-seeking millennials are putting down nearly $54,000 to buy in the Denver metro market. The post Home Buying Millennials Targeting Denver appeared first on DSNews. The post Home Buying Millennials Targeting Denver appeared first on Appraisal Buzz.
Housing Wire
FEBRUARY 16, 2022
Compass CEO Robert Reffkin. How long can this last? Compass lost $494 million in 2021, a historically robust year for U.S. real estate, as the New York City brokerage continues to burn through money amid its rapid expansion. The net income loss is 83% greater than Compass’s $270 million loss in 2020, eight-year-old Compass’s final year as a private company.
Appraisal Buzz
FEBRUARY 16, 2022
Are you an experienced real estate appraiser? If so, ask yourself…. What would you look for in the perfect job? We asked ourselves that question, and came up with the following: · Flexibility – Remaining 100% in control of your schedule. · Plenty of work from a varied pool of clients. · A large group of experienced peers for support and to be a “sounding board”. · Administrative support team. · No bookkeeping, collections accounts receivable / accounts payable to deal with. · Supportive ma
Housing Wire
FEBRUARY 16, 2022
Florida-based mortgage tech and analytics behemoth Black Knight reported on Tuesday that despite strong sales in the fourth quarter, net earnings in 2021 were down from the prior year and organic growth should slow in 2022. According to the company’s latest earnings report, net earnings in 2021 reached $207.9 million, down from $264.1 million in 2020.
Appraisal Buzz
FEBRUARY 16, 2022
Valuation Expo will be hosted at the Mirage Hotel , September 7-9! Check out our new sessions with leaders in the industry and gain valuable knowledge while having all the fun Vegas has to offer! There are plenty of new sessions to keep you updated in the industry such as our Keynote Panel with Fannie Mae and Freddie Mac as well as our old sessions you know and love such as Lenders & Vendors Live!
Housing Wire
FEBRUARY 16, 2022
The Consumer Financial Protection Bureau wants to let the public — not high-powered lobbyists — go to the front of the line to shape the agency’s rulemaking process. Starting Feb. 16, the public can submit petitions for rule making directly to the agency, the CFPB announced today. According to the government watchdog, members of the public can now submit their opinions on matters pertaining to regulations, whether that be a request for the agency to pursue a new rule, amend an existing one
Appraisal Buzz
FEBRUARY 16, 2022
Independent mortgage lender New American Funding has signed a three-year renewal to continue using BaseCap Analytics ’ Data Quality Manager, a comprehensive, life-of-loan platform used by financial institutions to catch, collaborate and correct loan defects. “BaseCap’s Data Quality Manager offers us innovative features that automated a very detailed process, allowing us to focus our efforts precisely on those few issues that required remediation,” says Carol Norton, senior vice presi
George Dell
FEBRUARY 16, 2022
Some form of Universal Valuation Standards (UVS)© appears to be one way to resolve the multiple issues we see today. Our most recent series focused on the obsolescence of the traditional appraisal process. The primary cause of the obsolescence is the shift from subjective onesey-threesy methods of picking comps – to immediate electronic download of […].
Appraisal Buzz
FEBRUARY 16, 2022
Twenty-year industry veteran Lisa Collins will act as Managing Attorney of the firm’s Detroit-area location. The post Lisa Collins of Codilis Heads Firms’ Expansion into Michigan appeared first on DSNews. The post Lisa Collins of Codilis Heads Firms’ Expansion into Michigan appeared first on Appraisal Buzz.
GoForrmz
FEBRUARY 16, 2022
See why GoFormz is the right mobile forms solution for your data capture needs While there are various reasons GoFormz is the right digital data capture platform for your operation, here are five reasons you should harness the power of GoFormz for your data capture and documentation needs Maintain document formatting GoFormz holds multiple patents on its digitization technology, including a method that preserves the look and feel of your original paper forms.
Appraisal Buzz
FEBRUARY 16, 2022
Real estate investors bought a record 18.4% of the homes that were sold in the U.S. during the fourth quarter of 2021, according to a new report from Redfin. That’s up from 12.6% a year earlier and a revised rate of 17.4% in the third quarter. Although investor market share hit a record in the fourth quarter, the number of homes bought by investors declined 9.1% from the third-quarter peak – but it’s up.
McKissock
FEBRUARY 16, 2022
When you’re selling your home it can be tempting to try and go it alone. Maybe you don’t want to work with a real estate agent to try and save some money, or you just think it won’t make much of a difference. There are a lot of people who do try to sell their homes on their own and when you’re watching the success stories on TV or reading them online it’s easy to think there’s nothing to it.
Appraisal Buzz
FEBRUARY 16, 2022
Candor Technology has signed its 60th client, Churchill Mortgage. Since its Loan Engineering System went into production in September 2020, Candor Technology has conducted more than 1.5 million hands-free underwrites for noteworthy banks, credit unions and IMBs. Candor’s solution automates tasks and intelligence to autonomously conduct the credit and information risk assessment.
Mashvisor
FEBRUARY 16, 2022
Seattle is a city that continues to grow in terms of population and economic status due to the beauty of the region and its strong tech-centered economy.
Appraisal Buzz
FEBRUARY 16, 2022
Mortgage applications decreased 5.4% on a seasonally adjusted basis from one week earlier, according to the Market Composite Index data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending February 11, 2022. On an unadjusted basis, the index decreased 3% compared with the previous week. The Refinance Index decreased 9% from the previous week and was 54% lower than the same week one year ago.
Mashvisor
FEBRUARY 16, 2022
As a real estate investor who’s thinking of investing in short-term rentals in 2022, you must be searching for Airbnb data online.
Appraisal Buzz
FEBRUARY 16, 2022
The GSE has added Heidi Mason to assume general counsel responsibilities, and has named ex-Ginnie Mae President Kevin Chavers and Luke Hayden to its Board of Directors. The post Freddie Mac Adds EVP and General Counsel, New Board Members appeared first on DSNews. The post Freddie Mac Adds EVP and General Counsel, New Board Members appeared first on Appraisal Buzz.
Mortgagebroker News
FEBRUARY 16, 2022
While rates are expected to be on the move soon, a leading industry figure says there’s little cause for concern
Appraisal Buzz
FEBRUARY 16, 2022
CoreLogic released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. Single-family rent prices experienced extensive growth during 2021, increasing an average of 7.8% compared to 2.6% in 2020. On a monthly basis, rent prices ended the year with a 12% annual increase in December 2021, … The post Increasing Employment Triggers Single-Family Rent Growth appeared first on DSNews.
Mashvisor
FEBRUARY 16, 2022
If you are looking to make money in investing in 2022, consider investing in the Florida real estate market.
BiggerPockets
FEBRUARY 16, 2022
Property management is a difficult yet crucial part of real estate investing. In today’s episode, our guest, Adam Widder, who was a former property manager, shares his four guiding principles […].
Mortgagebroker News
FEBRUARY 16, 2022
Bank of Canada rate hikes are imminent – and mortgage holders are rushing to avail of last-minute low rates
Housing Wire
FEBRUARY 16, 2022
The Federal Housing Administration announced this week that lenders have an additional year before they must submit appraisals through the FHA Catalyst: EAD Module. Per a mortgagee letter published on Tuesday, the deadline to onboard for lenders has been moved to March 14, 2023. The previous deadline, announced in mid- 2021, was March 14, 2022. The administration pushed the timeline for an additional year because stakeholders “expressed concern with the existing timeline,” the ML sai
Mortgagebroker News
FEBRUARY 16, 2022
Toronto is expected to benefit from continued robust activity and price growth this year
Appraisal Buzz
FEBRUARY 16, 2022
California’s housing market kicked off the new year with a bounce back in sales from December’s four-month low, as housing demand remained strong by pre-pandemic standards, reveals the California Association of Realtors (CAR). Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 444,540 in January, according to information collected by CAR from more than 90 local REALTOR associations and MLSs statewide.
Mortgagebroker News
FEBRUARY 16, 2022
StatCan revealed that the pace of inflation has shattered a 30-year record
Eyes on Housing
FEBRUARY 16, 2022
Despite strong buyer demand, builder sentiment continued to slip in February as the industry grapples with ongoing building material production bottlenecks that are raising construction costs and delaying projects. Builder confidence in the market for newly built single-family homes moved one point lower to 82 in February, marking the second straight month that confidence levels have declined by a single.
Mortgagebroker News
FEBRUARY 16, 2022
A senior official says that the BoC will do what is necessary to counter inflation risks
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