Housing Wire
FEBRUARY 25, 2022
With refinance volumes anticipated to decrease by 62% this year and many originators experiencing layoffs, lenders are looking for a way to diversify their offerings with non-QM products and gain new business in order to maintain profits. “I think non-QM could be another money-making product for all of these originators,” said Keith Lind, executive chairman and president at Acra Lending.
Appraisal Buzz
FEBRUARY 25, 2022
The number of newly listed homes for sale during the four weeks ending February 20 was down just 2% year over year, according to a new report from Redfin. That’s the smallest decline since mid-November. More new listings were met with hearty demand. Pending sales rose 1%, the first increase since mid-January. The market again set new record highs for home sale prices, asking prices, buyers’ mortgage payments and the share of homes selling.
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Housing Wire
FEBRUARY 25, 2022
This week’s HW+ member spotlight features Chris Heller, chief real estate officer at OJO Labs , who has over 30 years of experience in the real estate industry. From Rookie of the Year in 1989, to serving as CEO for Keller Williams and mellohome , Heller has dedicated his career to delighting homebuyers and supporting agents. As chief real estate officer, Heller oversees all industry partnerships, creating a direct line between real estate professionals and OJO, and accelerating adoption in the
Appraisal Buzz
FEBRUARY 25, 2022
The Federal Housing Finance Agency (FHFA) has published a final rule that amends the Enterprise Regulatory Capital Framework (ERCF) by refining the prescribed leverage buffer amount (leverage buffer) and risk-based capital treatment of retained credit risk transfer (CRT) exposures for Fannie Mae and Freddie Mac (the enterprises). Specifically, the final rule will replace the fixed leverage buffer equal to 1.5% of an Enterprise’s adjusted total assets with a dynamic leverage buffer equal to
Housing Wire
FEBRUARY 25, 2022
California-based mortgage lender WinnPointe Corporation , doing business as Interactive Mortgage , has started a reduction in its workforce of around 180 employees, after suffering more than $1 million dollars in losses. . The company announced that, in the last 12 months, it laid off 128 employees, including underwriters, loan officers, processors, administrative and funders.
Appraisal Buzz
FEBRUARY 25, 2022
A new analysis shows the US states with the largest and smallest homeownership gaps by race and ethnicity compared to the statewide rate. Polygon Research and the Homeownership Council of America (HCA) released a new analysis showing the states with the largest and smallest homeownership gaps by race and ethnicity, compared to the statewide rate. … The post Understanding Racial Disparities in Homeownership appeared first on DSNews.
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Appraisal Buzz
FEBRUARY 25, 2022
CoreLogic has released its latest Real Estate Property Tax Delinquency Report, which analyzes real estate property tax delinquency changes on a state levels and nationally. The latest data shows that delinquency rates dropped 0.4% to 5.9%. The report, which measures national and state property taxes delinquency rate percentages ranging from 2011-2021.
Housing Wire
FEBRUARY 25, 2022
United Wholesale Mortgage (UWM) just sued two more broker shops that allegedly violated its controversial “ultimatum” by sending loans to rivals Rocket Mortgage and Fairway Independent Mortgage. The Pontiac-based wholesale lender filed two lawsuits on Wednesday in Michigan federal court accusing broker partners of breach of contract for originating mortgages to its competitors.
Appraisal Buzz
FEBRUARY 25, 2022
Pending home sales slumped in January, continuing what is now a three-month drop in transactions, the National Association of Realtors reports. Of the four major U.S. regions, only the West registered an increase in month-over-month contract activity. All four regions posted a decline in year-over-year activity. The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, fell 5.7% to 109.5 in January.
Housing Wire
FEBRUARY 25, 2022
The Federal Housing Finance Agency (FHFA) on Friday finalized proposed changes to the enterprise regulatory capital framework. The amendments replace the fixed prescribed leverage buffer amount — currently 1.5% of an enterprise’s adjusted total assets — with a dynamic buffer equal to 50% of its stability capital buffer. Instead of a prudential floor of 10% on the risk weight assigned to any retained CRT exposure, the prudential floor would be 5%.
Appraisal Buzz
FEBRUARY 25, 2022
Kimberly Williams to serve as CEO of new entity after acquisition of Dimont & Associates LLC’s Investor Claims Division. The post Steve Stallard Launches Investor Claim Solutions appeared first on DSNews. The post Steve Stallard Launches Investor Claim Solutions appeared first on Appraisal Buzz.
Eyes on Housing
FEBRUARY 25, 2022
The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2 to 4 unit properties) has disappointed. For 2021, there were only 12,000 starts of such residences.
Appraisal Buzz
FEBRUARY 25, 2022
Amendments to the capital framework for Fannie Mae and Freddie Mac will refine the risk-based capital treatment of the GSE’s credit risk transfer. The post FHFA Finalizes Changes to the GSE’s Capital Framework appeared first on DSNews. The post FHFA Finalizes Changes to the GSE’s Capital Framework appeared first on Appraisal Buzz.
GoForrmz
FEBRUARY 25, 2022
Data entry automation is crucial for businesses of all industries and sizes Data is of the utmost importance in today’s business world. From building data entry forms for field teams to document processing from a data entry automation software – it’s all critical! Data is used to manage projects, build reports, operate businesses, but most importantly, understand a client base.
Appraisal Buzz
FEBRUARY 25, 2022
The latest Pending Home Sales Index from the National Association of Realtors (NAR)—an indicator for the housing sector, based on pending sales of existing homes in January—declined for the third month in a row, falling to 5.7% to 109.5 in January. Year-over-year, signings fell 9.5%. According to NAR, an Index reading of 100 is equal to the … The post Pending Home Sales Fall for Third Month appeared first on DSNews.
PennyMac
FEBRUARY 25, 2022
There’s a lot of talk lately about how the U.S. Federal Reserve (The Fed) has begun “tapering.” For those of you who don't make a living trading stocks or crafting economic forecasts, this concept may sound about as clear as a foggy London eve. But fear not — We’ll break this financial recipe down for you into its basic ingredients.
Mashvisor
FEBRUARY 25, 2022
In this blog, we will talk about Beyond Pricing reviews, what the tool is, the features that it offers, its payment model, and how it compares to Mashvisor when it…
BiggerPockets
FEBRUARY 25, 2022
This week’s question comes from AJ through Ashley’s Instagram direct messages. AJ is asking a question many new investors have: If I borrow down payment money from friends or family, […].
Mashvisor
FEBRUARY 25, 2022
If you’re in the market for a short-term rental to increase your Airbnb rental income, look no further than Airbnb Stuart FL.
Mortgagebroker News
FEBRUARY 25, 2022
Despite affordability issues, millennial buyers formed a significant percentage of online brokerage's 2021 business
Mashvisor
FEBRUARY 25, 2022
Learn more about the importance of this metric and how Mashvisor’s cash on cash return calculator can help you make the best investment decisions in 2022.
Mortgagebroker News
FEBRUARY 25, 2022
Markets are likely mistaken about the magnitude of the Bank of Canada's rate increases this year
PennyMac
FEBRUARY 25, 2022
When you are buying a new home or refinancing your existing home loan, it’s likely you’ll be introduced to a wide variety of mortgage types. While it may seem logical for some to select a mortgage based on what friends or family have chosen, it’s actually most important to weigh whether or not a mortgage fits your individual lifestyle and future housing plans.
Mortgagebroker News
FEBRUARY 25, 2022
The capital's problems saw new residential listings fall by 58% monthly in December
PennyMac
FEBRUARY 25, 2022
Between stay-at-home orders and remote working, the pandemic has brought us closer to home more than ever before. And now that many of us are still spending the majority of our time at home, it’s become a place where our decor dreams can come to life. So here’s some inspiration and a forecast of the top 3 design trends for 2022. 1. Splash of color, anyone?
Mortgagebroker News
FEBRUARY 25, 2022
Current market forces build the case for the Bank of Canada to go ahead with multiple increases, RBC says
Eppraisal
FEBRUARY 25, 2022
A critical step in the home buying process is the final walkthrough of the house, before it officially and legally becomes yours. The purpose of a final walkthrough is to be sure the home is in the same or better condition than it was when you signed a contract. It is best to do the final walkthrough when the home is vacant and as close to the closing date as possible.
Mortgagebroker News
FEBRUARY 25, 2022
The program will address the core drivers of would-be clients’ uncertainty when it comes to mortgages
Housing Wire
FEBRUARY 25, 2022
The Federal Housing Administration (FHA) announced on Thursday the launch of a new portal for the Department of Housing and Urban Development ’s Single Family Mortgage Asset Recovery Technology (SMART) system. The streamlined SMART portal allows borrowers and servicers to request payoff amounts in real time for FHA partial claims or subordination checklists, which are used to refinance FHA loans.
Mortgagebroker News
FEBRUARY 25, 2022
The market remains a premier choice for would-be buyers despite pandemic-related disruptions
McKissock
FEBRUARY 25, 2022
Looking for ways to compete in the appraisal industry? This month we asked our appraisal community, “What differentiates you from other real estate appraisers?” They shared a large variety of ways in which one can gain a competitive edge, such as having a unique professional background or approach, having a specific type of skills or experience, and many others.
Mortgagebroker News
FEBRUARY 25, 2022
The banking giant became the second of the Big Six to reveal how it fared in Q1 2022
Clear Capital
FEBRUARY 25, 2022
The February 2022 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 3.4 percent. Download the report , or read it below. * Note that due to unprecedented conditions in spring 2020 (due to COVID restrictions) and tight inventory in spring 2021, the year-over-year numbers based upon paired sales in certain rapidly-rising markets (like Phoenix) may be overstated.
Lamacchia Realty
FEBRUARY 25, 2022
The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for January 2022 compared to January 2021. It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by
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