Housing Wire

JUNE 1, 2022

Mortgage apps dropped 2.3% for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. “Mortgage rates fell for the fourth time in five weeks, as concerns of weaker economic growth and the recent stock market sell-off drove Treasury yields lower,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

Mortgage 427

Mortgage Contracts Retail Marketing 427

George Dell

JUNE 1, 2022

This week’s blog, Is this a Time of Ripeness? is a guest post written by Steven Smith, MSREA, MAI, SRA, AG. See below for a more detailed bio. Appraisal sins are forgiven when the markets are strong, and prices are increasing at double digit rates as they have been. Once prices stop going up, deficiencies […]. The post Is this a Time of Ripeness?

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Appraisal Marketing 368

Housing Wire

JUNE 1, 2022

2022 HousingWire Rising Star Morgan Salama, pictured above, is portrayed on the cover of the June HousingWire Magazine issue. Photo credit: Chris Plavidal. Strategy is the foundational element in building the future of the housing sector. And, if strategy is the foundation, we’d say that Morgan Salama is one of the key people building that foundation.

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Real Estate Business Investing Mortgage 407

Appraisal Buzz

JUNE 1, 2022

Today’s Buzzcast interview is with Rob Chrisman, owner of The Chrisman Report. We sat down with Rob and Joan Trice, Founder of Allterra Group, LLC, to discuss secondary markets and the mortgage industry. What is The Chrisman Report? What do capital markets and appraisers think about the appraisal waiver? How can we look at secondary markets from a lender perspective?

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Marketing Mortgage Appraisal 362

Housing Wire

JUNE 1, 2022

From the White House and Congress to multiple federal agencies, one of the top concerns is housing affordability. Consumers are worried too. About half of U.S. adults (49%) say the availability of affordable housing is a major problem where they live, up 10 percentage points from 2018. The same 2021 Pew survey , 70% of Americans said young adults today have a harder time buying a home than their parents’ generation did.

Insurance 406

Insurance Real Estate Agents Technology 406

Appraisal Buzz

JUNE 1, 2022

Still hot as ever, the housing market is continuing to find new highs in 2022 but consumers now overwhelmingly agree that the time is right to mold the space around you versus putting it on the market and finding another property that better fits your needs. According to a survey of 1,000 consumers by LendingTree, … The post Homeowners Would Rather Renovate Than Sell appeared first on DSNews.

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Renovations Housing Market Appraisal Marketing 150

Appraisal Buzz

JUNE 1, 2022

BLOG VIEW: In January 2022, the government sponsored enterprises (GSEs) which consist of both Fannie Mae and Freddie Mac, announced that they would include a desktop appraisal option to its sellers. When this took effect in March, it opened the door to a potentially permanent change in the way appraisals are developed and completed. Many lenders see this as a positive move.

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Appraisal Government Sellers Development 150

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash-out refinances reaching $1.2 trillion in 2021. Then, in what felt like an instant, in Q1 2022 mortgage rates skyrocketed and the refi boom ended.

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Renovations Mortgage Real Estate Finance 383

Appraisal Buzz

JUNE 1, 2022

BLOG VIEW: In January 2022, the government sponsored enterprises (GSEs) which consist of both Fannie Mae and Freddie Mac, announced that they would include a desktop appraisal option to its sellers. When this took effect in March, it opened the door to a potentially permanent change in the way appraisals are developed and completed. Many lenders see this as a positive move.

Appraisal 150

Appraisal Government Sellers Development 150

Housing Wire

JUNE 1, 2022

United Wholesale Mortgage will pay $2.75 million to settle claims, dating as far back as 2018, contending it didn’t compensate its account executives for working overtime. Former and current UWM account executives eligible for a portion of the settlement must have worked at the wholesale lender between Oct. 12, 2018, and Dec. 23, 2021. An additional requirement: an executive must have had a total gross compensation of less than $100,000 annually before Jan. 1, 2020, or less than $107,432 annuall

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Business Mortgage Legal 383

Appraisal Buzz

JUNE 1, 2022

The Closing Exchange has integrated its signing services with Black Knight’s suite of closing solutions, including Expedite Close and DocVerify, to enable trained and vetted notaries the ability to execute signings via remote online notarizations (RON). This integration helps lenders that are looking to digitize their mortgage closing process to gain access and engage with a large network of notaries to support RON. “The Closing Exchange delivers solutions to support the desired work

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Training Appraisal Mortgage 150

Housing Wire

JUNE 1, 2022

A coalition of independent mortgage banks want the Federal Housing Administration (FHA) to take steps it says would significantly improve access to credit for underserved borrowers. The Community Home Lenders Association (CHLA), backed by 41 IMBs, sent a letter urging the FHA to streamline its servicing guidelines, increase permissible lender fees for executing an assumption of an FHA loan, and make changes to FHA’s condo rules.

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Insurance Mortgage Development Technology 383

Appraisal Buzz

JUNE 1, 2022

Xome has announced it has joined with the National Community Stabilization Trust (NCST) to expand access to affordable housing in the U.S. Through the program, eligible mission-driven buyers dedicated to creating more affordable housing will have exclusive first-look access to properties available for sale on Xome.com—helping them identify potential properties for revitalization while keeping the … The post Xome Announces New Partnership appeared first on DSNews.

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Buyers Appraisal 150

Housing Wire

JUNE 1, 2022

Pewaukee, Wisconsin-based lender Waterstone Mortgage Corporation named Paul Garrigues as the company’s new chief financial officer. Garrigues will oversee all corporate accounting functions and provide financial direction for Waterstone Mortgage’s branches nationwide. The executive brings more than 40 years of accounting experience in the financial services, banking and mortgage industries.

Mortgage 382

Mortgage Retail Government Lending 382

Appraisal Buzz

JUNE 1, 2022

Sagent , a fintech company modernizing mortgage and consumer loan servicing for banks and lenders, is partnering with Consolidated Analytics to automate valuation offerings for default servicing through an integration into TEMPO , Sagent’s default management platform. “This partnership allows TEMPO users to work with Consolidated Analytics through a streamlined workflow that creates efficiencies in the valuation process, and ultimately reduces costs for our clients,” says Chris McLain, division

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Valuation Modernization Clients Appraisal 150

Housing Wire

JUNE 1, 2022

Brena Nath, Director of HW+ and Events. I’ve been a fan of the CliftonStrengths’s assessment for more than a decade, applying my own top strengths and learning the strengths of my teammates to see how we can operate with our talents in the workplace. While my top 5 have slightly shifted over the years, “strategic” has been one of my most consistent strengths, which is exactly why meeting 2022 Rising Star Morgan Salama felt so impactful.

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Real Estate Mortgage 380

Appraisal Buzz

JUNE 1, 2022

Mortgage applications decreased 2.3% on a seasonally adjusted basis from one week earlier, according to Market Composite Index data from the Mortgage Bankers Association ’s (MBA) Weekly Mortgage Applications Survey for the week ending May 27, 2022. On an unadjusted basis, the Index decreased 3% compared with the previous week. The Refinance Index decreased 5% from the previous week and was 75% lower than the same week one year ago.

Mortgage 150

Mortgage Appraisal Marketing 150

Eyes on Housing

JUNE 1, 2022

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs jumped to 449,000 unfilled positions in April. This is the highest measure in the history of the data series (going back to late 2000). The housing market remains underbuilt and requires additional labor, lots and lumber and.

Construction 177

Construction Housing Market Marketing 177

GoForrmz

JUNE 1, 2022

Prioritize your employee safety: keep each other safe in the workplace Regardless of your business type, safety is imperative in everything you do. From tracking inventory, to using ladders or forklifts, to working on a construction job site, monitoring health and safety is something every business must be aware of. The question is, what health and safety measures does your organization have in place?

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Training Construction Business Government 148

Eyes on Housing

JUNE 1, 2022

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.9% in April after an increase of 0.7% in March 2022. Spending stood at a seasonally adjusted annual rate of $891.5 billion. Total private residential construction spending was 18.4% higher than a year ago. These monthly gains are attributed to the strong growth of spending.

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Construction 132

DW Slater Company

JUNE 1, 2022

Photo via Pixabay. We have written about relocation appraisals in the past and we appreciate our guest bloggers that contribute to our blog. Enjoy this guest post from Megan Cooper with Real Life Home. You just got the call—the job is yours! Now what? Relocating your family to take a job can be emotional, exciting, and stressful, but with a bit of preplanning and list-making, you can turn the process into a family adventure.

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Logistics Inspection Decorating Transportation 87

Mashvisor

JUNE 1, 2022

Have you caught yourself thinking more deeply about the advantages and disadvantages of investing money in a cul de sac investment property?

Investing 68

Investing Investors Real Estate 68

Birmingham Appraisal

JUNE 1, 2022

In Real Estate It’s All About What’s Happening Now. It’s easy to be so pumped about what’s been happening that we miss out on what is currently going on. This can happen in the real estate market as well. As an appraiser, we must stay on top of what is going on in the market or we can miss the mark on value. Because real estate agents and appraisers are striving for similar results (estimating accurate value) we can all gain valuable insight from the same market data.

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Agents Marketing Contracts Inventory 52

Mashvisor

JUNE 1, 2022

Finding a decent rental property for sale on your own is super hard. What’s the solution? Find a real estate rental agency to help you!

Real Estate 69

Real Estate Property Management Investors Agents 69

BiggerPockets

JUNE 1, 2022

As a short-term rental investor, I’ve been asking if it’s still profitable to invest in short-term rentals (STR) with rising interest rates? There is a lot of uncertainty in the […].

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Investors Investing 58

Mortgagebroker News

JUNE 1, 2022

As Ontarians get ready to vote, the province's mortgage professionals told CMP what they're keeping top of mind

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Mortgage 69

PennyMac

JUNE 1, 2022

Oftentimes, becoming a homeowner is about finding the right home at the right price. Qualifying for a loan that meets your personal and financial goals can be exceptionally challenging, especially for new homeowners who don’t meet the required income amount or credit history for the loan. Luckily, a co-borrower can make loan qualification much easier.

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Mortgage 36

Mortgagebroker News

JUNE 1, 2022

The recent cooldown is having an impact on Canadians’ attitudes toward buying, says digital mortgage platform

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Marketing Mortgage 69

PennyMac

JUNE 1, 2022

Although few prospective home buyers have enough cash on hand to buy a property outright (which is where home mortgage loans come in), lenders still expect you to have enough money to make a down payment upfront. The down payment demonstrates to the lender that you have the resources to make monthly mortgage payments on time, and the larger the down payment, the less risk you represent as an investment.

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Buyers Loan Officers Mortgage Investing 36

Mortgagebroker News

JUNE 1, 2022

Market volatility and decreasing affordability played central roles in CMHC’s Q1 performance

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Marketing 69

San Jose Real Estate

JUNE 1, 2022

The Strathmore neighborhood of Los Gatos is scenic, lies close to the foothills, enjoys a community pool and fabulous schools. Turnover is low and sales are fast!

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Mortgagebroker News

JUNE 1, 2022

Ontario-based company to enter multi-million round of funding in its operational expansion

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Buyers 66

Housing Wire

JUNE 1, 2022

Two top wholesale lenders are up in arms as a result of charges on loans sold to the government-sponsored enterprises (GSEs) arising from a recession-era idea that those loans are riskier. The lenders, Homepoint and United Wholesale Mortgage , say Fannie Mae and Freddie Mac started tacking on an extra 15 basis point charge for third-party originated, or wholesale, loans in mid-2021.

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Retail Government Mortgage Finance 383

Mortgagebroker News

JUNE 1, 2022

Rising mortgage costs are playing a major role in current market dynamics

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Mortgage Marketing 69