Housing Wire

FEBRUARY 8, 2022

America suffers from a severe shortage of affordable homes. This development did not occur overnight: Over the past 20 years, we have “underbuilt” housing by at least 5.5 million homes. Policymakers are rightly focused on helping people afford to purchase or rent a home through down payment assistance, housing vouchers and other programs. The unfortunate truth is that too many households lack sufficient income to cover their housing needs, a situation exacerbated today by high inflation.

Construction 370

Construction Investing Development Landlords 370

Sacramento Appraisal Blog

FEBRUARY 8, 2022

How do we choose comps in such a lopsided market? I had a great question about this recently, so I wanted to share some thoughts. Anything to add? I’d love to hear your take in the comments. QUESTION: With so many listings receiving offers above list, and people having to pay the shortfall between the […].

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Marketing Market Value Appraisal 317

Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic. Use of desktop or exterior-only appraisals peaked in April 2020, reaching a share as high as 17% in some places.

Appraisal 370

Appraisal Appraisal Process Valuation Renovations 370

Appraisal Buzz

FEBRUARY 8, 2022

Fannie Mae has begun marketing its twenty-fourth sale of reperforming loans as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio. The sale consists of approximately 8,050 loans, having an unpaid principal balance of approximately $1.3 billion, and is available for purchase by qualified bidders. This sale of reperforming loans is being marketed in collaboration with Citigroup Global Markets Inc.

Appraisal 284

Appraisal Marketing Mortgage 284

Housing Wire

FEBRUARY 8, 2022

With Caliber Home Loans and Genesis Capital LLC in the fold, real estate investment trust New Residential Investment Corp. reported $160.4 million in net income in the fourth quarter, a 10% increase from the prior quarter. In a period largely defined by integration and transition at NRIC, gain-on-sale margins for the mortgage business actually increased in Q4.

Investing 370

Investing Business Retail Mortgage 370

Appraisal Buzz

FEBRUARY 8, 2022

Driven by rising home prices, homeowner equity in the U.S. increased a whopping 35% – or nearly $10 trillion – in 2021, according to Black Knight’s Mortgage Monitor Report. The report defines tappable equity as the amount available for mortgage holders to access while retaining at least 20% equity in their homes. Homeowner equity increased so much during the past year that the total market combined loan-to-value ratio fell below 45% for the first.

Appraisal 195

Appraisal Mortgage Marketing 195

Appraisal Buzz

FEBRUARY 8, 2022

BLOG VIEW: As the housing market moves toward one characterized by rising home prices, increasing interest rates and decreased consumer demand, lenders may feel more pressure to meet borrower expectations of a more efficient, seamless and secure origination process – or risk losing those borrowers to the competition. In today’s lending environment, the goal is to get borrowers to the closing table as quickly as possible.

Lending 195

Lending Housing Market Appraisal Marketing 195

Housing Wire

FEBRUARY 8, 2022

Powerhouse lender and servicer New Residential Investment Corp. has reduced hundreds of job positions in its mortgage division, less than a year after acquiring the multichannel lender Caliber Home Loans. In total, NewRez LLC , the publicly traded company’s mortgage arm, is laying off 386 employees, about 3% of the division’s workforce, a company spokesperson confirmed Tuesday.

Retail 370

Retail Investing Mortgage Finance 370

Appraisal Buzz

FEBRUARY 8, 2022

Elizabeth Burnett has joined Slatt Capital ’s leadership team as managing director of loan servicing. She will be responsible for the 12-team member loan servicing division responsible for the management of $5 billion in commercial real estate loans. Burnett has 20 years of loan servicing experience most recently as the head of servicing for a local debt fund and co-head of servicing at Gantry Inc.

Design 195

Design Real Estate Appraisal 195

Housing Wire

FEBRUARY 8, 2022

Larry Goldstone is tired of being ghosted. He is used to it by now, but the problem has only gotten worse since the beginning of the COVID-19 pandemic. Goldstone has tried contact via phone calls and emails consistently. If necessary, he even knocks on doors — without success. He has talked openly about it but is still trying to understand the reasons and potential solutions.

Law 369

Law Mortgage Legal Finance 369

Appraisal Buzz

FEBRUARY 8, 2022

The high prices and record-low inventories that have been dominating the market for the last year are not doing much to address the plight of Black Americans whom want to own a home. According to the National Association of Realtors (NAR) there are sizeable and persistent differences in homeownership rates across racial groups. Using data … The post Racial Groups See Wide Gaps in Homeownership Rates appeared first on DSNews.

Realtors 195

Realtors Inventory Appraisal Marketing 195

Housing Wire

FEBRUARY 8, 2022

Newport Beach, California-based Excelerate Capital , a long-time non-QM lender with a growing market presence, finalized its acquisition of Castle Mortgage Corp. in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. . That plan is now in full motion and, if successful, will double the lender’s origination volume this year, compared to 2021 — most of it in the non-QM space.

Marketing 369

Marketing Retail Lending Mortgage 369

Appraisal Buzz

FEBRUARY 8, 2022

CoreLogic has released its monthly Loan Performance Insights Report for November 2021, showing nationwide mortgage rates and the effects of delinquency. According to CoreLogic, the solutions provider examines all stages of delinquency, as shown in the full report. In November 2021, the U.S. delinquency and transition rates, and their year-over-year changes, are: Early-Stage Delinquencies … The post National Delinquency Rate Dips to Pre-Pandemic Levels appeared first on DSNews.

Appraisal 195

Appraisal Mortgage 195

Housing Wire

FEBRUARY 8, 2022

Each year, HousingWire’s Rising Stars award spotlights 50 industry-changing young professionals in housing who have made their mark in the housing economy before their 40th birthdays. These young professionals come from all sectors — mortgage, real estate, fintech, servicing and much more — and are taking the lead on revolutionizing the housing industry.

Real Estate 338

Real Estate Development Finance Mortgage 338

Appraisal Buzz

FEBRUARY 8, 2022

Sprout Mortgage , a non-QM originator and lender, has promoted Samuel Bjelac to executive vice president to lead Sprout’s National TPO Sales Channel. He will take on an expanded leadership role as he continues to grow the business among wholesale mortgage brokers and correspondent lenders. In his past position as senior vice president of the non-QM Wholesale and Correspondent business channels during the past four years.

Business 150

Business Appraisal Mortgage 150

Eyes on Housing

FEBRUARY 8, 2022

Supply-chain bottlenecks that put upward pressure on home prices along with rising interest rates contributed to housing affordability falling to a 10-year low. The likelihood of higher interest rates in the months ahead (as the Federal Reserve moves to tighten interest rates) along with ongoing production challenges threaten to drive housing affordability even lower in 2022.

Supply Chain 153

Supply Chain Construction 153

Appraisal Buzz

FEBRUARY 8, 2022

Jeff Osheka and Tom Costanzo added to manage sales teams across the firm’s residential platform. The post SitusAMC Names New Residential Sales Team Leadership appeared first on DSNews. The post SitusAMC Names New Residential Sales Team Leadership appeared first on Appraisal Buzz.

Appraisal 150

Appraisal 150

GoForrmz

FEBRUARY 8, 2022

Streamline operations and improve your data collection processes by switching to digital forms Paper form collection, processing, and storage can be inefficient and time-consuming for your organization. Messy and disorganized forms can lead to communication barriers, administrative burdens, and dissatisfied customers. Luckily, with GoFormz, you can build custom forms that look and feel exactly like your existing forms.

Project Management 146

Project Management Business Tools Clients 146

Eyes on Housing

FEBRUARY 8, 2022

The Federal Reserve’s latest G.19 Consumer Credit Report states that consumer credit increased 5.9 percent in 2021, with revolving and nonrevolving credit increasing 6.6 percent and 5.7 percent, respectively. During the fourth quarter, consumer credit increased at a seasonally adjusted annual rate of 6.6 percent, while the December monthly increase was 5.1 percent.

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Hank Miller Team

FEBRUARY 8, 2022

So what happens if the appraisal is below contract price? The early '22 market is already showing it'll be as tight or tighter than the '20 & '21 markets, buyers are tossing off all constraints to "win" the beauty contest of buying a home. Appraisals below contract price will continue to be a challenge in 2022. Consider, appraisals this year will be using data from the already insane market of 2021 and many will still fall below contract.

Contracts 98

Contracts Appraisal Sellers Buyers 98

Lamacchia Realty

FEBRUARY 8, 2022

When buyers are in the process of finding their perfect home, they often realize that finding a home that checks all of the boxes, has a great layout, and is aesthetically pleasing is easier said than done, especially if you’re a first-time homebuyer on a budget. Because of this, many buyers going through the home buying process are becoming more open to a house that needs renovations.

Renovations 74

Renovations Buyers Finance Home Improvement 74

Mashvisor

FEBRUARY 8, 2022

With the affluent lifestyle of Naples, Florida, you would think the real estate market in this part of the Sunshine City will be somewhat dull. But guess what? Yahoo!

Real Estate 68

Real Estate Marketing Investing Investors 68

McKissock

FEBRUARY 8, 2022

At McKissock Learning, we want our customers to have all the resources they need to be successful in real estate. That’s why we’ve teamed up with RISMedia , the leading provider of the most relevant and up-to-date information related to the residential real estate market. As their Strategic Education Partner, we are able to give our customers free access to the digital edition of the RISMedia monthly magazine.

Real Estate 52

Real Estate Training Law Government 52

Mashvisor

FEBRUARY 8, 2022

Sarasota is one of the best vacation places in Florida, and while it is not among the most expensive places to live in, it is not also the cheapest.

Housing Market 69

Housing Market Investing Marketing Investors 69

BiggerPockets

FEBRUARY 8, 2022

What are your options if a roommate won’t pay rent but they listed as a tenant are on the rental agreement? Here's what you should do as a landlord—and what options you have—when you need to help the roommates in your unit resolve issues related to non-payment of rent. .

Tenants 60

Tenants Landlords Property Management Real Estate 60

Mortgagebroker News

FEBRUARY 8, 2022

A significant share of the workforce will not accept job offers that do not have a remote-working option

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Mashvisor

FEBRUARY 8, 2022

Purchasing real estate properties for short-term or long-term investment can be a rewarding experience.

Real Estate 69

Real Estate Investing Business Investors 69

Mortgagebroker News

FEBRUARY 8, 2022

Workers who have left the city could face a dilemma if downtown office space reopens for good

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BiggerPockets

FEBRUARY 8, 2022

Every investor wants all their properties to be loaded with high cash flow, but that’s usually not the case. Realistic expectations are essential to the longevity of your career and […].

Investors 51

Investors Real Estate 51

Mortgagebroker News

FEBRUARY 8, 2022

A growing number of home owners are looking forward to market conditions over the next six months

Marketing 66

Marketing 66

San Jose Real Estate

FEBRUARY 8, 2022

What is an As Is Sale? Many Silicon Valley home sellers want to sell their homes “as is” (or “as-is”). And most homes in today’s market are. But what does that mean, exactly? Does it mean that the seller has made no repairs or renovations before listing the home? Or that they do not have […].

Renovations 36

Renovations Sellers Marketing Contracts 36

Mortgagebroker News

FEBRUARY 8, 2022

The transaction is expected to boost Equitable's financial position by a significant margin

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Eppraisal

FEBRUARY 8, 2022

Rental prices are going up just as home values are. Potential tenants are flocking to new rental listings and are fighting for the opportunity to be approved. This is a prime opportunity for landlords to find solid tenants for their rental properties. There are some key characteristics to look for in a well-qualified tenant. Credit Score There is no magic credit score number needed to rent a property.

Tenants 36

Tenants Landlords Home Value Law 36

Mortgagebroker News

FEBRUARY 8, 2022

A Nova Scotia-based broker says a tailored approach for new buyers could be required

Marketing 69

Marketing Buyers 69