Sacramento Appraisal Blog
MARCH 21, 2022
I have a few things on my mind today. Let’s talk about square footage rules changing, crazy gas prices, and recession buzz. 1) NEW SQUARE FOOTAGE STANDARDS FOR APPRAISERS: If you didn’t know, Fannie Mae is adopting some changes with the way appraisers measure square footage (pdf). In short, as of April 1, 2022, appraisers […].
Housing Wire
MARCH 21, 2022
Tomo , a fintech startup focused on the purchase mortgage sector, announced raising a $40 million Series A led by SVB Capital , according to a press release shared with FinLedger. The fundraise more than doubles Tomo’s valuation to $640 million. It included participation from existing investors Ribbit Capital , NFX and Zigg Capital. New investors Telesoft Partners and proptech VC Parker89 also participated in the round, which brings Tomo’s total funding raised to date to $110 million
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Appraisal Buzz
MARCH 21, 2022
Now that the GSEs have approved desktop valuations for purchase, appraisers need a way to collect trustworthy, verifiable data while also submitting floor plans on reports! Join us for our upcoming webinar on March 22 nd at 2 pm, “ Appraiser-Controlled Desktop and Remote Valuations ” with Mark Walser and Lisa Ratzke! Learn about all of the features in RemoteVal – a free inspection app for appraisers.
Housing Wire
MARCH 21, 2022
Servicers’ forbearance portfolio volume dropped in February for the 21st-consecutive month, with more borrowers current on their mortgage payments due to improvements in the economy and viable loss mitigation options. The total number of loans in forbearance decreased by 12 basis points, from 1.30% in January to 1.18% in February, according to the Mortgage Bankers Association (MBA).
Appraisal Buzz
MARCH 21, 2022
PERSON OF THE WEEK: As we continue to move into the purchase money mortgage market, lenders are finding that selling their production into the secondary market has taken on a new dimension. There are more opportunities to make small errors when originating purchase money loans and that could cause problems down the line, some of which could be serious.
Housing Wire
MARCH 21, 2022
Freddie Mac today named Wendell Chambliss, its top counsel for affordable housing goals, as chief diversity and inclusion officer. Chambliss will assume the role April 11. Chambliss will take over for Dionne Wallace Oakley, who has been balancing the diversity and inclusion role as well as her duties as chief human resources officer since August 2021.
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Housing Wire
MARCH 21, 2022
During the Great Recession, “zombie foreclosures” were a thorn in the side of servicers. With no money to pay their mortgages, some underwater borrowers simply abandoned their homes. When the Covid-19 pandemic began in March 2020, zombie foreclosures were one of the housing industry’s greatest fears. In August 2021, the Consumer Financial Protection Bureau (CFPB) stipulated in its servicing guidelines that it was “fair game” for servicers to foreclosure a vacant property becaus
Appraisal Buzz
MARCH 21, 2022
Ryan Rathert has joined Panorama Mortgage Group (PMG), a national mortgage company headquartered in Nevada, as chief financial officer. Rathert will lead PMG’s financial activities including accounting, financial planning and analysis, tax, investor relations, internal audit, and treasury. Rathert spent the last eight years with Stearns Lending in a variety of positions, the past four as COO/CFO of the Wholesale Mortgage Channel.
Housing Wire
MARCH 21, 2022
Most title business owners dream of the day they can sell the firm they’ve built for the maximum multiple. Others look forward to building their brands with strategic acquisitions when the timing is right. Here are some tips and pointers on crossing that finish line with maximum results. Although it might be their dream to sell, title business owners cashing in on the decades of blood, sweat and tears they spent building their businesses often face challenges.
Appraisal Buzz
MARCH 21, 2022
With decades of shared experience in housing finance, policy, and financial services, Sam Valverde and Felecia Rotellini join Ginnie Mae as EVP and Senior Advisor & Chief of Staff to the President, respectively. The post Ginnie Mae Announces Two New Executive Appointments appeared first on DSNews. The post Ginnie Mae Announces Two New Executive Appointments appeared first on Appraisal Buzz.
Housing Wire
MARCH 21, 2022
Most real estate professionals understand that the Real Estate Settlement and Procedures Act (RESPA) was created keeping customers in mind. The Consumer Financial Protection Bureau (CFPB) is in charge of enforcing RESPA, preventing bribes, limiting the usage of escrow accounts, and removing abusive activities in the real estate settlement process. RESPA has strict rules for real estate and mortgage professionals regarding kickbacks, referrals, and unnecessary fees.
Appraisal Buzz
MARCH 21, 2022
The number of U.S. loans in forbearance fell once again, with as an estimated 590,000 homeowners remaining in forbearance plans nationwide. The post Forbearance Portfolio Volume Slides for 21st Straight Month appeared first on DSNews. The post Forbearance Portfolio Volume Slides for 21st Straight Month appeared first on Appraisal Buzz.
Eyes on Housing
MARCH 21, 2022
NAHB analysis of the Census Bureau’s quarterly tax data shows that $672.5 billion in taxes were paid by property owners in the four quarters ending Q4 2021 (not seasonally adjusted), a 1.0% quarterly increase.[1] Four-quarter property tax revenues declined 0.6% in Q3 2021, the second such decrease since 2012. Property taxes accounted for 36.2% of state and local tax receipts, a 0.8.
Appraisal Buzz
MARCH 21, 2022
No matter what you call it, the conflict in Ukraine is creating worldwide macroeconomic events that will trickle down to every segment of the economy over the course of the year. Knowing this, the Economic and Strategic Research Group (ESR) at Fannie Mae has released its March 2022 Economic Commentary Research, which takes a closer look … The post Military Conflict Complicates Fannie Mae’s Estimates appeared first on DSNews.
Appraiserblogs
MARCH 21, 2022
The other agencies, Freddie Mac, HUD/FHA, USDA, ONAP, VA have NOT (yet) adopted this ANSI measuring protocol. Appraisers, an appraiser I know sent an email to the VA asking if VA was going to require appraisers to adhere to the ANSI Z765-2021 Measuring Standard as of April 1, 2022. The appraiser received an ‘unofficial’ response back from a person within the VA connected to processing appraisals, which said: “The short answer is, no.
Appraisal Buzz
MARCH 21, 2022
First American Financial Corporation released its First American’s Potential Home Sales Model for the month of February 2022. The Potential Home Sales Model measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals. For the month of February, First American updated its Potential Home Sales Model … The post Existing Home Sales Outperform Market Potential appeared first on DSNews.
GoForrmz
MARCH 21, 2022
Jumpstart employee productivity with mobile and online forms The amount of time spent on projects can be significantly reduced by implementing digital solutions to boost productivity and efficiency amongst your employees. Manual labor hours spent processing and storing paper forms is inefficient and time-consuming. Focusing on mundane tasks like data entry can leave your team frustrated and overwhelmed.
Appraisal Buzz
MARCH 21, 2022
The Mortgage Bankers Association ‘s (MBA) monthly Loan Monitoring Survey reveals that the total number of loans now in forbearance decreased by 12 basis points from 1.30% of servicers’ portfolio volume in the prior month to 1.18% as of February 28, 2022. According to MBA’s estimate, 590,000 homeowners are in forbearance plans. The share of Fannie Mae and Freddie Mac loans in forbearance decreased 8 basis points to 0.56%.
Hank Miller Team
MARCH 21, 2022
It’s hard to find a housing market not presently on fire, Atlanta is no different. Compared to a decade ago and the worst housing crisis ever, this market turn around improvement is among the tops in the country. The 2022 market could not be more different than the 2010-12 market.over 100K homes were on the market during the darkest days. The Atlanta real estate market explosion is due in large part to its broad appeal, size and vast selection of properties.
Mashvisor
MARCH 21, 2022
The California market has managed to stand out as the most valuable one in the US. But how profitable would it be to invest in Airbnb San Diego?
BiggerPockets
MARCH 21, 2022
Want to know how to analyze a multifamily property? Maybe you’ve analyzed duplexes, triplexes, quadplexes, or even ten-unit apartment complexes before, but what about the big deals? We’re talking about […].
Mashvisor
MARCH 21, 2022
It isn’t easy to make a quick decision when so many real estate investment tools are out there.
Housing Wire
MARCH 21, 2022
UWM’s headquarters in Pontiac, Michigan. United Wholesale Mortgage (UWM) announced late last year that it would turn the appraisal space on its head by launching an in-house appraisal program. Even if it has not made quite the outsized impact UWM said it would, appraisers mostly like the wholesaler’s new program. Some appraisers take issue not with the program itself, but with the software and payment platform it uses.
Mortgagebroker News
MARCH 21, 2022
These questions could help you decide which network is the right fit for you
National Association of Realtors
MARCH 21, 2022
For appraisers, it’s the foundation that undergirds every property appraisal assignment.
Mortgagebroker News
MARCH 21, 2022
Top brokerage focuses on client-driven mortgage solutions to tackle broker space inefficiencies
Total Motgage
MARCH 21, 2022
Last week brought big news and significant mortgage rate increases. Let’s cover the Fed’s announcement and more in this week’s Mortgage Monday update!
Mortgagebroker News
MARCH 21, 2022
Mortgage Professionals Canada (MPC) is set to raise pressing industry matters with prominent lawmakers this week
Chicagoland Appraisal Blog
MARCH 21, 2022
In March, I had the pleasure to join Attorney Peter Olson to talk about family law, divorces and home appraisals. We share insights and learning from our careers on family law and home appraisals during divorces. TRANSCRIPTION: If you’re buying, selling, divorcing, filing bankruptcy, fighting your property tax bill, etc…it’s super important to value your real estate correctly.
Mortgagebroker News
MARCH 21, 2022
Expected rate by the end of 2022 defies many initial predictions
Housing Wire
MARCH 21, 2022
Fannie Mae is off to steady start on its path toward issuing $15 billion in notes this year through its Connecticut Avenue Securities (CAS) real estate mortgage investment conduit, or REMIC. The agency is about to unveil its third deal this year through its CAS credit-risk transfer vehicle. The March offering, CAS Series 2022-R03, involves transferring a portion of the agency’s loan-portfolio risk through a $1.24 billion note offering backed by a reference loan pool of 150,395 primarily single-f
Mortgagebroker News
MARCH 21, 2022
Substantial increases have been observed for many materials
Appraisal Buzz
MARCH 21, 2022
Freddie Mac ’s Multifamily Apartment Investment Market Index (AIMI) fell by 4.8% in the fourth quarter of 2021, with the index down 2.4% compared to the fourth quarter of 2020. Record multifamily price appreciation, which saw its largest single-quarter growth in the history of the index, and rising mortgage rates more than offset unprecedented growth in net operating incomes (NOI).
Mortgagebroker News
MARCH 21, 2022
The project will provide the region with much needed affordable housing supply
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