Tue.Aug 02, 2022

Single-family rental market shows little sign of cooling 

Housing Wire

Even as rising interest rates and housing prices have put homeownership further out of the reach of many individuals and families, demand for single-family rental (SFR) properties remains strong and monthly rents robust, according to the inaugural National Rental Report from proptech firm HouseCanary.

Joseariel Gomez: Robotic Process Automation Can Improve Lending Efficiency End-to-End

Appraisal Buzz

PERSON OF THE WEEK: Especially since the pandemic, mortgage lenders are adopting new technologies to automate and accelerate the mortgage process – in a personalized manner – while at the same time providing the option to do business the traditional way (i.e., face to face).

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Rocket doubles down on solar

Housing Wire

Rocket Loans will be offering loans to customers who are installing solar panels, the lender announced Tuesday. The news comes exactly one year after its parent Rocket Companies announced it would enter the green energy game in 2022.

CoreLogic: Home Price Appreciation Slowed For a Second Month in June

Appraisal Buzz

home prices increased in June – however the rate of appreciation slowed significantly. Home prices (including distressed sales) increased 0.6% compared with May and were up 18.3% compared with June 2021, according to CoreLogic’s home price index.

VA now accepting desktop and exterior-only appraisals

Housing Wire

The Department of Veterans’ Affairs announced last week that it would allow desktop and exterior-only appraisals for some transactions. The changes took effect July 27.

Record-Breaking Home Price Growth Now; Return to Normal Next Year?

Appraisal Buzz

The latest Home Price Index (HPI) from CoreLogic covering June 2022 set a new milestone: it has now seen a record 125 consecutive months of year-over-year increases as home prices grew by 18.3% from June 2021.

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MBA Reports Lenders Provided $487.3 Billion in New Multifamily Mortgages

Appraisal Buzz

In 2021, 2,215 different multifamily lenders provided a total of $487.3 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association ’s (MBA) annual report of the multifamily lending market. Last year’s $487.3

When There’s No Comparison

The Appraiser Coach

If you’ve been a part of the appraisal world for long, you’ve had this experience. You’ve just submitted a completed report that you feel pretty good about. Soon afterward, however, Read More.

Retirement-Aged Homeowners Least Likely to Utilize Equity

Appraisal Buzz

Finance of America Reverse LLC (FAR) announced the publication of its first-ever Home Equity Punch List. FAR commissioned The Harris Poll to survey 2,000 U.S. homeowners 18 and older who live in the U.S.

Rithm Capital posts $3M loss as it “right-sizes” mortgage business

Housing Wire

Rithm Capital , formerly known as New Residential Investment , lost $3.3 million in the second quarter of 2022, largely due to fees caused by its break from Fortress Investment Group and a decline in residential mortgage originations.

Committee on Financial Services Addresses Urgent Housing Needs

Appraisal Buzz

Which mortgage tech advancements are making the biggest impact? 

Housing Wire

Getting a mortgage is becoming an increasingly digital experience, with lenders and borrowers benefiting from saved time and fewer hiccups.

Financial Services Committee Passes Bills to Protect Consumers

Appraisal Buzz

FoA cuts workforce amid company restructuring, market downturn

Housing Wire

Multichannel lender Finance of America (FoA) has laid off hundreds of employees across several rounds in the second and third quarters of 2022. The layoffs come amid a mortgage market downturn and a larger company restructuring, multiple current and former staffers told HousingWire.

Fannie Mae Prices Latest CAS REMIC Transaction at $626 Million

Appraisal Buzz

Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2022-R08, an approximately $626 million note offering that represents Fannie Mae’s eighth CAS REMIC transaction of the year.

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Endpoint launches scalable title features for proptech integration

Housing Wire

First American Financial Corporation ’s digital closing platform firm Endpoint is now offering a suite of integrated title tools specifically designed for proptech companies, investors and tech-forward real estate organizations looking for a scalable digital closing platform.

Mortgage Cadence Upgrades Loan Origination System

Appraisal Buzz

Mortgage Cadence , an Accenture company, has released version 2.0 of its new Mortgage Cadence Platform (MCP) loan origination system. While MCP has been available for new customers since its launch late last year, with the release of 2.0,

The economics behind a permanent forbearance plan

Housing Wire

Foreclosures cost a lot of money. A conservative estimate of the financial toll on the borrower, the creditor, the guarantor and the surrounding community shows a foreclosure can cost upwards of $65,000.

When There’s No Comparison

Appraisal Buzz

If you’ve been a part of the appraisal world for long, you’ve had this experience. You’ve just submitted a completed report that you feel pretty good about. Soon afterward, however, … Read More. The post When There’s No Comparison appeared first on Appraisal Buzz. Around The Web

Don’t miss the Vanguard Forum at HW Annual Oct. 4

Housing Wire

Since we first started recognizing our HousingWire Vanguard award winners years ago, one key theme has been very clear — Vanguard honorees all share an unmistakable impact on the industry at-large. This immense impact on the industry is why we’re thrilled to bring some of the greatest housing leaders of all time together for our inaugural Vanguard Forum at HousingWire Annual. The Vanguard Forum is invitation-only and will be hosted as a sub-segment of HousingWire Annual on Oct.

House Passes Act to Expand Wildfire Insurance Coverage

Appraisal Buzz

House passage of new measure includes legislation to study the impact of wildfires, and explore more ways to protect homeowners. The post House Passes Act to Expand Wildfire Insurance Coverage appeared first on DSNews. The post House Passes Act to Expand Wildfire Insurance Coverage appeared first on Appraisal Buzz. Around The Web

Second Quarter of 2022 Homeownership Rate at 65.8%

Eyes on Housing

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 65.8% in the second quarter of 2022, which is statistically unchanged from the last quarter reading (65.4%). The national rental vacancy rate slipped to 5.6%, while the homeowner vacancy rate stayed at 0.8%.

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Examining the Impact of Credit on Monthly Mortgage Payments

Appraisal Buzz

A new Zillow study of consumer credit shows that buyers with “Fair” credit could be paying nearly $300 more on their monthly mortgage payment than those with “Excellent” credit scores. The post Examining the Impact of Credit on Monthly Mortgage Payments appeared first on theMReport.com. The post Examining the Impact of Credit on Monthly Mortgage Payments appeared first on Appraisal Buzz. Around The Web

The Mix of Home Buyers Is Changing, Leading to Improved Affordability

Eyes on Housing

For the first time since 2020, affordability expectations improved in the second quarter of 2022. After rising steadily for five straight quarters, the share of buyers who can only afford a minority of the homes for sale in their markets declined to 77%, down from 81% a quarter earlier.

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Homes in West Virginia Face Most At-Risk of 100-Year Storm 

Appraisal Buzz

While properties in Louisiana are most at-risk of flooding, an analysis of FEMA and Value Penguin data concluded that West Virginia had the highest percentage of homes that would be impacted in a 100-year storm. The post Homes in West Virginia Face Most At-Risk of 100-Year Storm appeared first on DSNews. The post Homes in West Virginia Face Most At-Risk of 100-Year Storm appeared first on Appraisal Buzz. Around The Web

VA Alternative Valuation Methods

Appraisers Blog

On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately.

Home Prices Record 125 Straight Months of Growth

Appraisal Buzz

The latest Home Price Index (HPI) from CoreLogic covering June 2022 set a new milestone: it has now seen a record 125 consecutive months of year-over-year increases as home prices grew by 18.3% from June 2021. According to CoreLogic, though annual appreciation was still strong, it slowed from the previous month for the second consecutive … The post Home Prices Record 125 Straight Months of Growth appeared first on DSNews.

Top 3 Most Helpful Forms for Back to School

GoForrmz

Simplify back-to-school season with online forms. As many families and students start preparing to return to school, so are teachers and administrators.

Eight cheapest places to live in and rent in Ontario (2022)

Mortgagebroker News

A breakdown of the average rent, house, and living costs in Canada's most populous province

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6 Costly Mistakes Home Sellers Make

Lamacchia Realty

There is a lot involved when it comes to selling a home. With dozens of moving parts, there are many places sellers can find themselves making mistakes and ultimately costing themselves money; markets evolve and what worked years ago may not work now.

8Twelve CEO on what brokers should prioritize amid rising rates

Mortgagebroker News

The executive also shared his thoughts on the company's success this year to date

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BEST HOUSTON NEIGHBORHOODS FOR RUNNING AND BIKING

Houston Properties

Top 11 neighborhoods if you want to live close to the best hiking & biking

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Supply remains housing market's number-one issue, says CMHC's Dugan

Mortgagebroker News

Low inventory is a problem that needs to be tackled urgently, argues national housing agency's chief economist

Guide To Caceres Houston Homes For Sale

Houston Properties

Read reviews and see homes for sale in Caceres Houston, a luxury gated patio and townhome community

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