Housing Wire

JUNE 9, 2022

Mortgage credit availability dipped for three consecutive months, largely due to shrinking refinance loans, according to the monthly Mortgage Credit Availability Index , (MCAI) which fell by 0.9% to 120 in May, the lowest level since July 2021, according to the Mortgage Bankers Association. A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening while an increase suggests loosening credit.

Mortgage 397

Mortgage Government Inventory Lending 397

Appraisal Buzz

JUNE 9, 2022

Optimizing your real estate appraisal website to improve your Google search ranking is a great way to bring in more clients and increase your earnings. When it comes to generating new business, having a strong online presence and being easy to find online are key. In the recorded webinar, “Appraisal Company Marketing Strategies that Work”—exclusively available to McKissock Unlimited Learning Members —Bryan Knowlton lays out a guide to basic website optimization for appraisers.

Appraisal 195

Appraisal Real Estate Clients Business 195

Housing Wire

JUNE 9, 2022

Fannie Mae has unveiled its third reperforming loan sale of the year, an offering of nearly 10,000 loans valued at $1.57 billion. The offering, dubbed FNMA 2022-RPL3, represents the agency’s 26th sale of reperforming loans since the inaugural offering in October 2016, which involved a pool of 3,600 reperforming loans valued at about $806 million. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time.

Investors 384

Investors Government Finance Buyers 384

Eyes on Housing

JUNE 9, 2022

The median age of owner-occupied homes is 39 years, according to the latest data from the 2019 American Community Survey. Compared to a median age of 31 years in 2005, the U.S. owner-occupied housing stock is aging gradually. The residential construction continues to fall behind in the number of new homes built especially after the Great Recession. This aging housing.

Construction 191

Construction 191

Housing Wire

JUNE 9, 2022

After falling for three consecutive weeks, purchase mortgage rates jumped 14 basis points, reflecting the expectation that the Federal Reserve (The Fed) will maintain its tightening monetary policy to fight inflationary pressures. According to the latest Freddie Mac PMMS, purchase mortgage rates this week averaged 5.23%, compared to 5.09% the week prior.

Mortgage 384

Mortgage Housing Market Buyers Government 384

Appraisal Buzz

JUNE 9, 2022

Mortgage Bankers Association (MBA) reports that mortgage credit availability decreased in May according to the Mortgage Credit Availability Index (MCAI), a report that analyzes data from ICE Mortgage Technology. The MCAI fell by 0.9% to 120 in May. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

Lending 150

Lending Mortgage Technology Appraisal 150

Appraisal Buzz

JUNE 9, 2022

Planet Home Lending, LLC, a national mortgage lender and servicer, has hired Kathryn Edelen as Regional VP of Sales. A proven team builder, Edelen brings more than three decades of experience to help Planet grow its national footprint. “Kathryn has an expansive track record of successfully growing and running large, productive teams,” said Planet Home … The post Planet Home Lending Hires New Talent to Expand Market Share appeared first on DSNews.

Lending 150

Lending Marketing Appraisal Mortgage 150

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs). With a fixed rate for as many as 20 years, RenoFi’s fixed-rate home equity loan provides 100% of the funds, as much as $500,000, directly to the homeowner at the time of closing, according to a news release from the startup.

Renovations 369

Renovations Finance Inspection Insurance 369

Appraisal Buzz

JUNE 9, 2022

Freddie Mac ’s Primary Mortgage Market Survey results show the 30-year fixed-rate mortgage (FRM) averaged 5.23% with an average 0.9 point as of June 9, 2022, up from last week when it averaged 5.09%. A year ago at this time, the 30-year FRM averaged 2.96%. “After little movement the last few weeks, mortgage rates rose again on the back of increased economic activity and incoming inflation data,” comments Sam Khater, Freddie Mac’s chief economist.

Mortgage 150

Mortgage Appraisal Marketing 150

Housing Wire

JUNE 9, 2022

Nominations for the 2022 HW Insiders opened this week, celebrating the operational all-stars in housing. These individuals are a critical part of their company’s success and often their company’s best-kept secret. Last year’s honorees represented a wide range of skillsets and — for the first time ever — HousingWire selected 100 nominees for the 2022 class.

Retail 384

Retail Realty Agents Development 384

Appraisal Buzz

JUNE 9, 2022

CoreLogic’s latest report covering aspects of the first quarter of the year is the Homeowner Equity Report which showed that U.S. homeowners with mortgages have seen their equity increase by 32.2% year-over-year, representing a collective equity gain of $3.8 trillion, which averages out to $63,600 per borrower since the first quarter of 2021. Home prices … The post Homeowners Gained $3.8T in Equity Q1 appeared first on DSNews.

Appraisal 150

Appraisal Mortgage 150

McKissock

JUNE 9, 2022

Optimizing your real estate appraisal website to improve your Google search ranking is a great way to bring in more clients and increase your earnings. When it comes to generating new business, having a strong online presence and being easy to find online are key. In the recorded webinar, “Appraisal Company Marketing Strategies that Work”—exclusively available to McKissock Unlimited Learning Members —Bryan Knowlton lays out a guide to basic website optimization for appraisers.

Appraisal 63

Appraisal Clients Real Estate Valuation 63

Appraisal Buzz

JUNE 9, 2022

A recent Five Star/Messagepoint webinar discussed how redirecting the borrower communication process can reduce cycle times and costs, and deliver an enhanced borrower experience. The post Webinar Spotlight: Mortgage Servicing, Increasing Control and Efficiency appeared first on DSNews. The post Webinar Spotlight: Mortgage Servicing, Increasing Control and Efficiency appeared first on Appraisal Buzz.

Mortgage 150

Mortgage Appraisal 150

Clear Capital

JUNE 9, 2022

Story by Buzzcast. Today’s Buzzcast interview is with Kenon Chen, EVP of Corporate Strategy at Clear Capital. We sat down with Kenon and Joan Trice, Founder of Allterra Group, LLC, to discuss current events in the housing industry and what will be happening in the future. What is the state of the current housing market? What are your opinions on the new technology being introduced and piloted by appraisers?

Housing Market 69

Housing Market Technology Appraisal Marketing 69

Appraisal Buzz

JUNE 9, 2022

ATTOM ’s Q1 2022 U.S. Residential Property Mortgage Origination Report shows that 2.71 million mortgages secured by residential property (1-4 units) were originated in the first quarter of 2022 in the United States. That figure was down 18% from the fourth quarter of 2021 – the largest quarterly decrease since 2017 – and down 32% from the first quarter of 2021 – the biggest annual drop since 2014.

Appraisal 150

Appraisal Mortgage 150

Mashvisor

JUNE 9, 2022

As we are nearing the end of Q2 2022, the rise in June mortgage rates appears to be slowing down compared to the speed at which interest rates are increasing.

Mortgage 69

Mortgage Investors Finance Real Estate 69

Appraisal Buzz

JUNE 9, 2022

Federal multi-year Plan drafted to outline initiatives geared toward the promotion of equitable and sustainable access to housing for all. The post FHFA Issues Equitable Housing Finance Plans for the GSEs appeared first on DSNews. The post FHFA Issues Equitable Housing Finance Plans for the GSEs appeared first on Appraisal Buzz.

Finance 150

Finance Appraisal 150

Mashvisor

JUNE 9, 2022

Why should anyone consider investing in Airbnb Hawaii? Hawaii is one of the world’s most precious and appealing property markets.

Investing 73

Investing Marketing Real Estate Investors 73

Birmingham Appraisal

JUNE 9, 2022

What is a Probate Appraisal? You may have heard the term before but may still be asking yourself “what is probate and what is a probate appraisal?” Probate is the legal process a will must go through to prove its validity before anything can be distributed to the named beneficiaries. If this does not happen then the wishes of the person leaving the will and the legal requirements for the estate may not be met.

Appraisal 52

Appraisal Legal Real Estate Design 52

Mashvisor

JUNE 9, 2022

Listings inventory is on the rise. Home prices are going down. Homes are selling less and less. Is a full-blown market correction in the works?

Real Estate 69

Real Estate Marketing Inventory Housing Market 69

BiggerPockets

JUNE 9, 2022

I was talking with another investor recently and used a term I assumed he would be familiar with. He wasn’t, which led me to realize that a simple but very […].

Investors 60

Investors Tools Real Estate 60

Mortgagebroker News

JUNE 9, 2022

Growing borrowing costs will have a significant effect on housing market activity

Housing Market 68

Housing Market Marketing 68

BiggerPockets

JUNE 9, 2022

Many FIRE chasers want to know how to stop overspending. But maybe the solution to overspending is simply knowing about it in the first place. For many Americans, credit card […].

54

54

Mortgagebroker News

JUNE 9, 2022

This is despite nearly seven out of 10 Torontonians facing heightened stress levels during renovations

Renovations 57

Renovations 57

Lamacchia Realty

JUNE 9, 2022

June 8 – Lamacchia Realty announced that Jackie Louh will be appointed as Chief Operating Officer! Jackie is a natural leader and will be a major asset in running daily aspects of the company as it continues explosive growth. Jackie started out at the company in 2010 as a receptionist and rose through the ranks to Vice President of Business Development before this new exciting position.

Realty 36

Realty Development Business 36

Mortgagebroker News

JUNE 9, 2022

Is the market simply experiencing a correction?

Mortgage 69

Mortgage Marketing 69

Housing Wire

JUNE 9, 2022

A recently published CoreLogic report found homeowners with mortgages in the first quarter of 2022 saw their equity grow by 32.2% year-over-year. According to the data vendor, the collective equity gain was $3.8 trillion in the first quarter, or an average gain of $63,600 per borrower. CoreLogic said homeowners with mortgages account for roughly 60% of properties in the nation.

Home Improvement 458

Home Improvement Mortgage Housing Market Real Estate 458

Mortgagebroker News

JUNE 9, 2022

"It meant adapting to new ways of doing business and adopting new technology"

Mortgage 54

Mortgage Technology Business 54

Empire Appraisal Group

JUNE 9, 2022

Fannie Mae: Housing Crisis Will Last a Decade. ‘ Recession or not, the U.S. doesn’t have enough entry-level homes for everyone who needs one, and it will take at least 10 years for supply to catch up with demand. WASHINGTON – Fannie Mae has issued a new analysis of the residential single-family home market, where it stated that: “the demand for entry-level single-family homes should remain high for the rest of the decade.”.

Government 78

Government Realtors Housing Market Business 78

Mortgagebroker News

JUNE 9, 2022

Policies should make more efficient use of funds, developer says

Development 56

Development Government 56

Lamacchia Realty

JUNE 9, 2022

In a Real Estate by Boston.com and Globe.com article , Anthony Lamacchia weighs in on the changing condo prices in Massachusetts. The gap between single-family home prices and condo prices continues to shrink in MA and Anthony has his thought on why. “Life has gotten busy for people in general with both spouses working,” Lamacchia said. “People put a higher value on living in a place that they don’t need to keep up with the property as much.

Realty 40

Realty Real Estate Business 40

Mortgagebroker News

JUNE 9, 2022

The call for entries for CMP's Women of Influence report is underway

54

54