Housing Wire
NOVEMBER 5, 2021
J.P. Morgan , through its private label conduit , J.P. Morgan Mortgage Trust , so far this year has sponsored 13 private-label securitization offerings backed by jumbo loans valued at $13.8 billion. Those offerings, current through the end of October, involved more than 14,000 jumbo mortgages, according to bond-rating agency presale reports. The data show that J.P.
Appraisal Buzz
NOVEMBER 5, 2021
The U.S. economy added 531,000 jobs in October – stronger than expectations – and the unemployment rate dropped to 4.6%, according to the U.S. Bureau of Labor Statistics. Industry sectors that saw the strongest job gains in October included leisure and hospitality, professional and business services, manufacturing, and transportation and warehousing.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
NOVEMBER 5, 2021
Instant homebuyer Opendoor has acquired “tech”-focused mortgage brokerage RedDoor , the companies announced Friday. The purchase comes amid questions of whether iBuying is a viable business model following Zillow’s announcement Tuesday that the company is winding down its iBuying arm. Founded in 2018 and headquartered in Sacramento, RedDoor calls itself a “digital first mortgage brokerage” that can preapprove a loan applicant “within 60 seconds,” likely what was appealing to the iBuy
Appraisal Buzz
NOVEMBER 5, 2021
LendingHome Funding Corp. , a lender to real estate investors, has closed a $388 million revolving securitization of unrated residential transition loans. This is the seventh broadly syndicated securitization transaction sponsored by LendingHome since 2019. The deal includes a two-year revolving period during which principal payoffs can be reinvested in newly originated loans.
Housing Wire
NOVEMBER 5, 2021
This session unpacks the importance of innovation in the housing industry as our panelists dwell on the possibilities of unstructured data for mortgage technology. Learn more about the future of technology as these three panelists brainstorm and highlight some of the ways their companies are taking a step forward into the future. Watch the full session below.
Appraisal Buzz
NOVEMBER 5, 2021
When processor bias is present, it can create inefficiencies that trickle down to the production team, slowing down closings and hampering business. MReport delves into six measures to take in order to avoid this issue. The post Six Strategies to Eliminate Processor Bias appeared first on theMReport.com. The post Six Strategies to Eliminate Processor Bias appeared first on Appraisal Buzz.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
NOVEMBER 5, 2021
New Residential bolsters its Board of Directors with the addition of Columbia University’s Associate General Counsel, who brings extensive knowledge of government and corporate governance to the firm. The post Patrice Le Melle Named to New Residential Investment Board appeared first on theMReport.com. The post Patrice Le Melle Named to New Residential Investment Board appeared first on Appraisal Buzz.
Housing Wire
NOVEMBER 5, 2021
How can the mortgage and real estate industries responsibly expand homeownership among individuals and communities that are currently under-represented? To answer that question, this panel of experts will discuss recent FHA updates, the role of credit scoring and credit alternatives, and how real estate professionals can play a vital role in changing the script.
Appraisal Buzz
NOVEMBER 5, 2021
The amount of foreclosure volume rose to a new pandemic high last quarter, but according to new research by Auction.com, that number is still 68% below pre-pandemic levels. Using internal data that reaches about 50% of the foreclosure market along with MLS and public data, Auction.com released its fourth quarter Foreclosure Market Forecast which also found that completed foreclosure auctions in Q3 2021 increased 16% … The post Foreclosures Continue to Creep Upwards as Protections End app
Housing Wire
NOVEMBER 5, 2021
Redfin CEO Glenn Kelman doesn’t believe that iBuying is going away, but he does believe that his brokerage needs to be smart in how it incorporates iBuying into its larger suite of real estate services. “Since the sustainability of this business has gotten so much attention this week, you may wonder if Redfin’s hopes to compete as an iBuyer depend on being smarter, luckier, grittier, or just more cautious,” Kelman said during the company’s third quarter earnings call on Thursday.
Appraisal Buzz
NOVEMBER 5, 2021
Following a quiet week in which only 19,000 homeowners exited forbearance, Black Knight reports that the week ended November 2nd saw 85,000 departures. The typical month-end surge marked the final expiration of many forbearance plans which have a maximum term of 18 months. The largest declines were in FHA and VA plans , 42,000 exited on top of 7,7 00 the previous week.
Housing Wire
NOVEMBER 5, 2021
After a big leap ahead in 2020, are eClosings stalling? Panelists will look at where we are with RON legislation , where hybrid closings are proving useful and what lenders should expect over the next year. Watch the full session below. To go back to the full HousingWire Annual 2021 on-demand page, go here. Panelists: Andria Lightfoot, Chief Customer Officer, SimpleNexus Bill Burding, Executive Vice President And General Counsel, Orange Coast Title Company Sarah Wheeler, Editor In Chief, Housing
Appraisal Buzz
NOVEMBER 5, 2021
An upcoming webinar will discuss the issues faced by those assessing risk and insurance obstacles homeowners face in areas prone to earthquakes. The post The Week Ahead: Analyzing Risk in Seismic Zones appeared first on DSNews. The post The Week Ahead: Analyzing Risk in Seismic Zones appeared first on Appraisal Buzz.
Housing Wire
NOVEMBER 5, 2021
This year has seen an unprecedented number of cyberattacks against financial institutions, prompting Federal Reserve Chair Jerome Powell to list cybersecurity attacks as one of the gravest risks to the financial industry and the overall economy. That’s why we’ve invited cybersecurity expert Selim Aissi, former senior vice president and chief security officer at ICE Mortgage Technology (formerly Ellie Mae), to keynote our event.
Appraisal Buzz
NOVEMBER 5, 2021
Snapdocs Inc. has announced that Teachers Credit Union (TCU) has chosen Snapdocs to streamline and digitize the mortgage closing process for its customers. Teachers Credit Union is Indiana’s largest credit union with more than $4 billion in assets, and has nearly 60 branches throughout the state of Indiana and Southwest Michigan. Using Snapdocs, TCU plans to digitize its mortgage closing process in order to create a more efficient workflow for its employees, and a.
Housing Wire
NOVEMBER 5, 2021
The money Fannie Mae and Freddie Mac earned from the adverse market fee paid for nearly the entire cost of the agencies’ Covid relief options, according to a Federal Housing Finance Agency inspector general report. The March 2020 CARES Act was meant to blunt the impact of Covid’s economic toll on homeowners, by letting them defer mortgage payments for an initial year without penalty.
Appraisal Buzz
NOVEMBER 5, 2021
Mike Rawls, CEO of Xome, shares insights about the current industry landscape, the auction process, and how homeowners who need to sell can make sure they’re not leaving equity on the table. The post DS5: Examining the Impact of Auctions appeared first on DSNews. The post DS5: Examining the Impact of Auctions appeared first on Appraisal Buzz.
Housing Wire
NOVEMBER 5, 2021
Following a less than stellar report in September , total 531,000 non-farm jobs were added in October, bringing the unemployment rate down to 4.6%, according to the U.S. jobs report released on Friday. Despite 10 consecutive months of net payroll gain, the U.S. economy is still more than 4 million jobs short of its pre-pandemic level. For the second month in a row the construction sector added jobs, rising by 44,000 jobs in October.
Appraisal Buzz
NOVEMBER 5, 2021
Residential real estate prices continue to increase. Government refinance applications fell for the sixth week in a row. HUD answers questions about its new inter-agency appraisal bias task force. JPMorgan Chase has donated $3 million to the Appraiser Diversity Initiative. The self-paced online version of the official 2022-2023 USPAP Update Course is now available, along with the new USPAP Reference Manual.
Housing Wire
NOVEMBER 5, 2021
HW Media CEO Clayton Collins will sit down with Blend President Timothy Mayopoulos to discuss the digital mortgage landscape and the innovations that will define the next year of originations. Blend is a Silicon Valley technology company backed by Greylock Partners , Emergence Capital , Founders Fund , Andreessen Horowitz , 8VC , Lightspeed Venture Partners , and other leading venture investors.
Appraisal Buzz
NOVEMBER 5, 2021
An upcoming virtual meeting will look at housing inequality in the past, and apply those teaching points toward a more equitable housing landscape moving forward. The post The Week Ahead: Learning From Housing Policies of the Past appeared first on theMReport.com. The post The Week Ahead: Learning From Housing Policies of the Past appeared first on Appraisal Buzz.
Housing Wire
NOVEMBER 5, 2021
There are two significant issues in our industry right now — appraisal bias and origination volume. Both of these issues accelerate the importance of appraisal modernization. What is appraisal modernization? And how can it help with both of these topics? Join this session to hear how leading lenders are using the latest technology to help make an impact on fair housing, and close loans faster.
Appraisal Buzz
NOVEMBER 5, 2021
Mike Rawls, CEO of Xome, speaks with DS5 about how homeowners needing to sell can make sure they’re not letting their accrued equity go to waste. The post DS5: Making the Most of Home Equity appeared first on theMReport.com. The post DS5: Making the Most of Home Equity appeared first on Appraisal Buzz.
Housing Wire
NOVEMBER 5, 2021
Knowing where borrowers are at in their home-buying journey is key to any successful mortgage lending strategy, but it’s often overlooked in the busy operations of an origination shop. This session will explore how to make it easy to keep borrowers on your radar, and in your pipeline. Watch the full session below. To go back to the full HousingWire Annual 2021 on-demand page, go here.
Appraisal Buzz
NOVEMBER 5, 2021
A new study by Redfin shows that homeseekers looking to stretch their money as far as possible should now be beginning to see a bit of relief as the amount of affordable homes on the market jumped 13% over last year. According to Redfin Economist Lily Katz many Americans who own low-cost affordable homes are putting them on the market after their mortgage forbearance programs end. “The end of forbearance has forced many lower-income Americans to put their homes up for … The post Af
Housing Wire
NOVEMBER 5, 2021
The consolidation of real estate brokerage and mortgage services continues as both seek out ways to combine services to offer more to consumers. Real estate brokerages have long added core services to increase profitability. Now, mortgage firms such as Rocket and Better are adding real estate brokerage services. In this panel, we talk to real estate brokerage leaders about this evolution, competition from the mortgage side and what the industry will look like going forward.
Appraisal Buzz
NOVEMBER 5, 2021
A new study by Redfin shows that homeseekers looking to stretch their money as far as possible should now be beginning to see a bit of relief as the amount of affordable homes on the market jumped 13% over last year. According to Redfin Economist Lily Katz many Americans who own low-cost affordable homes are putting them on the market after their mortgage forbearance programs end. “The end of forbearance has forced many lower-income Americans to put their homes up for … The post No
GoForrmz
NOVEMBER 5, 2021
Instantly route completed forms to your contacts based on input information Processing paper forms results in a variety of time-wasting demands, including the hand delivery of completed forms. Relying on paper forms, teams in the field often need to deliver completed forms to their back-office counterparts before important business processes can take place (e.g. billing, payroll, etc.).
Appraisal Buzz
NOVEMBER 5, 2021
To understand where your organization can implement data solutions, you must first understand the different ways your data can be used. DS News takes a deeper dive into big data, and its proper usage in the mortgage space. The post The Role of Data in the Mortgage Industry appeared first on DSNews. The post The Role of Data in the Mortgage Industry appeared first on Appraisal Buzz.
Eyes on Housing
NOVEMBER 5, 2021
Job gains picked up in October after two consecutive months of a slowdown. Total payroll employment rose by 531,000 and the unemployment rate dropped to 4.6% in October. Construction industry employment (both residential and non-residential) totaled 7.5 million, with 44,000 construction jobs added in October. Both residential construction (+10,900) and non-residential construction (+33,000) had job gains for the month.
McKissock
NOVEMBER 5, 2021
Residential real estate prices continue to increase. Government refinance applications fell for the sixth week in a row. HUD answers questions about its new inter-agency appraisal bias task force. JPMorgan Chase has donated $3 million to the Appraiser Diversity Initiative. The self-paced online version of the official 2022-2023 USPAP Update Course is now available, along with the new USPAP Reference Manual.
Quicken Loans
NOVEMBER 5, 2021
It happened. At its most recent meeting, the Federal Open Market Committee (FOMC) of the Federal Reserve followed through on something that had been alluded to for a couple of months: It laid out a plan for the slow pullback of asset purchases by the Committee, including mortgage-backed securities. While this could push mortgage rates up because the Fed is a big buyer, it’s a gradual pullback intended to avoid anything like the taper tantrum of 2013.
BiggerPockets
NOVEMBER 5, 2021
Ashley and Tony have been on a tear this year, buying up more homes than ever before. They’ve also been branching out into bigger commercial deals, like RV parks, campgrounds, […].
Mashvisor
NOVEMBER 5, 2021
Loan contingency removal can benefit both the buyer and seller in a real estate transaction. But there are some things you need to consider first.
Expert insights. Personalized for you.
535 
Let's personalize your content