Housing Wire
NOVEMBER 24, 2021
Mortgage rates remained at 3.10% in the week ending Nov. 24, according to the latest Freddie Mac PMMS mortgage report. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.72%. Sam Khater, Freddie Mac’s chief economist, said interest rate volatility has been low, despite the noise around the economy, inflation, and monetary policy.
Appraisal Buzz
NOVEMBER 24, 2021
In today’s Buzzcast, we dive into the hot button issue of how appraisers are handling this market. Today we have George Dell, Owner of Valuemetrics, with Joan Trice, Founder of Allterra Group, LLC. We’ll be getting the inside scoop while they discuss what’s being done. How has this new market been different than what is considered “normal?” In what ways are appraisers reacting?
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Housing Wire
NOVEMBER 24, 2021
Mortgage applications increased 1.8% for the week ending Nov. 19, despite higher rates, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The increase was mainly driven by the purchase index growing by 4.7% from the previous week, on a seasonally adjusted basis. Concurrently, the refinance index grew by 0.4% from the week prior.
George Dell
NOVEMBER 24, 2021
Zillow Zestimate has been the go-to source for consumers to check what their house is worth for many years now. Zillow leverages the traffic that this brings to their web site to sell other real estate services (not valuation products!). The Zestimate has been amazing at driving traffic to the Zillow web site, but does […]. The post What Happened to Zillow?
Housing Wire
NOVEMBER 24, 2021
This week’s HW+ member spotlight features American Pacific Mortgage CEO Bill Lowman. Joining the company in 2002, American Pacific Mortgage named him president in 2004, and in 2016 he became CEO. Leading one of the largest independent mortgage banks in the country, Lowman is active in the industry, serving as immediate past chairman/treasurer at the California Mortgage Bankers Association , along with serving on the Mortgage Bankers Association’s Residential Board of Governors.
Appraisal Buzz
NOVEMBER 24, 2021
Mortgage application volume increased 1.8% on an adjusted basis during the week ended November 24, despite a slight increase in mortgage rates, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. On an unadjusted basis, the Index increased 0.1% compared with the previous week. Applications for refinances increased 0.4% while applications for purchases decreased 0.4%.
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Appraisal Buzz
NOVEMBER 24, 2021
As the economy continues to see consumer prices for everything rise across the board, rent and mortgage rates have also increased with some cities seeing a 30% increase in rent prices since last year. According to Redfin, the average national rent price has increased 13% over the last year, falling behind monthly mortgages which rose 17% during the same time.
Housing Wire
NOVEMBER 24, 2021
The state of New York recently adopted legislation applying the Community Reinvestment Act (CRA) to nonbank mortgage lenders, also known as independent mortgage banks (IMBs). This comes after similar action by Illinois. While driven by good intentions, these new requirements are likely to be ineffective and counterproductive — and there are better ways to achieve those intentions.
Appraisal Buzz
NOVEMBER 24, 2021
As the economy continues to see consumer prices for everything rise across the board, rent and mortgage rates have also increased with some cities seeing a 30% increase in rent prices since last year. According to Redfin, the average national rent price has increased 13% over the last year, falling behind monthly mortgages which rose 17% during the same time.
Housing Wire
NOVEMBER 24, 2021
If you added up the impact that HousingWire ’s Vanguard winners have had on the industry, you’d likely have a comprehensive list of the initiatives that have moved markets forward. These are the leaders who have dreamt, shaped and molded a better way to execute the home-buying journey. From injecting technology into the mortgage process to redefining the real estate agent and home shopper relationship, these leaders have laid the foundations for millions of homeowners.
Appraisal Buzz
NOVEMBER 24, 2021
The CoreLogic Quarterly Mortgage Fraud Brief is a quarterly report that analyzes the top metropolitan areas with the highest mortgage fraud risk based on the company’s research of trends found in residential mortgage loan applications processed through its LoanSafe Fraud Manager. According to the report, authored by Bridget Berg, Principal of Industry Solutions and Property Intelligence, a small drop in interest rates was enough to push … The post Fraud Risk Down Due to More Refinance Vol
Housing Wire
NOVEMBER 24, 2021
Anthony Hsieh, founder and CEO of loandepot. A former loanDepot employee has filed a lawsuit against the company and its CEO, Anthony Hsieh, for allegedly discriminating against him due to his physical disabilities and his sexual orientation. This is the second lawsuit filed this year that alleges a toxic, masculine culture at the California-based nonbank lender.
Appraisal Buzz
NOVEMBER 24, 2021
Case Western Reserve University and the American Enterprise Institute (AEI) has released a new report that has found that the digitization of mortgages and the rise FinTech lenders may be just what the industry needs to eliminate discrimination in lending. The new paper, called “The Impact of FinTech on Discrimination in Mortgage Lending” shows that FinTech lenders have little-to-no gap when it comes to lending to minorities even after adjusting … The post FinTech Lenders May be Key to So
GoForrmz
NOVEMBER 24, 2021
Leverage these powerful fields in your digital bill of material templates For many manufacturers, an essential yet tedious task is completing a bill of materials. This critical document is a key component to the effectiveness of manufacturing and supply chain processes – providing a comprehensive list of materials, parts and/or components required to manufacture or repair a particular product.
Appraisal Buzz
NOVEMBER 24, 2021
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.10%, unchanged from last week. “Despite the noise around the economy, inflation, and monetary policy, mortgage rate volatility has been low,” explains Sam Khater, Freddie Mac’s chief economist. “For most of 2021, mortgage rates have stayed within half a percentage point, which is a smaller range than in past years.”.
Appraiserblogs
NOVEMBER 24, 2021
A floor plan is supposed to be included in Desktop & Hybrid reports. How will that be done? Appraisers, I’ve recently been studying a ‘word change’ in various GSE documents. This change happened initially in March 2020 in the COVID era revised ‘flexibility’ Assumption and Limiting Conditions and Scope of Work attached to residential reports, and was further incorporated into TWO new appraisal forms issued in July 2020, which you might not even realize they exist!
Appraisal Buzz
NOVEMBER 24, 2021
LegalShield, a pre-paid legal services provider, has released its most recent iteration of its Consumer Stress Index which shows that consumer stress remained steady over the course of October, even in light of rising rent and housing costs and the expiration of federal assistance programs. In September, LegalShield found that chaos in the markets caused by the COVID-19 Delta Variant continued to play a role … The post Consumer Stress Holding Steady amid Price Increases appeared first on
BiggerPockets
NOVEMBER 24, 2021
While self storage can be a lucrative investment, it doesn't always pan out the way it should. There are a few dark sides of the self-storage business that you should look out for in your own thinking and in a potential investment.
Appraisal Buzz
NOVEMBER 24, 2021
LegalShield, a pre-paid legal services provider, has released its most recent iteration of its Consumer Stress Index which shows that consumer stress remained steady over the course of October, even in light of rising rent and housing costs and the expiration of federal assistance programs. In September, LegalShield found that chaos in the markets caused by the COVID-19 Delta Variant continued to play a role … The post Bankruptcies Continue to Hover Near All-Time Lows appeared first on th
East Coast Appraisal
NOVEMBER 24, 2021
Many people today declare bankruptcy to restructure their finances and get a new start in life. For instance, the. annual bankruptcy filings. in 2020 totaled 544,463. If you file for bankruptcy as a homeowner, one of your main concerns is likely the fate of your home. A home appraisal gives you a current and accurate home valuation and can help save your home.
Appraisal Buzz
NOVEMBER 24, 2021
Industry veterans Debbie Youens and Gregg Harris join WFG National Title Insurance Company’s south Texas team. The post Two New Additions Strengthen WFG’s Southwest Growth appeared first on DSNews. The post Two New Additions Strengthen WFG’s Southwest Growth appeared first on Appraisal Buzz.
Mashvisor
NOVEMBER 24, 2021
After the year-long pandemic destroyed the travel industry, property investors want to know what the US Airbnb demand will be like in 2022.
Appraisal Buzz
NOVEMBER 24, 2021
John Palmiotto takes on the new role of Chief Production Officer and James Elliott will lead the company’s new OriginPoint venture, as Dr. Ramesh Sarukkai will drive fintech development as CTO. The post Guaranteed Rate Announces Changes to Executive Leadership appeared first on theMReport.com. The post Guaranteed Rate Announces Changes to Executive Leadership appeared first on Appraisal Buzz.
Mortgagebroker News
NOVEMBER 24, 2021
Tracy Valko's strong emphasis on client and community well-being has been a guiding light throughout her eventful career in the mortgage industry
Appraisal Buzz
NOVEMBER 24, 2021
Mortgage companies nationwide channeled their efforts this year in giving back to their communities this holiday season. The post Getting in on the Season of Giving appeared first on DSNews. The post Getting in on the Season of Giving appeared first on Appraisal Buzz.
Mortgagebroker News
NOVEMBER 24, 2021
The current renovation boom hinges on expectations that price growth will last indefinitely, observers say
Appraisal Buzz
NOVEMBER 24, 2021
From golf outings to blood and food drives, members of the mortgage industry banded together this holiday season to benefit several charitable initiatives. The post Mortgage Industry Lends a Hand to the Community appeared first on theMReport.com. The post Mortgage Industry Lends a Hand to the Community appeared first on Appraisal Buzz.
Mortgagebroker News
NOVEMBER 24, 2021
The platform has earned huge praise from the agent and broker community since its launch
Appraisal Buzz
NOVEMBER 24, 2021
A closer examination at what property owners can do in order to prep for disasters across the nation. The post Disaster Preparedness Across the U.S. appeared first on DSNews. The post Disaster Preparedness Across the U.S. appeared first on Appraisal Buzz.
Mortgagebroker News
NOVEMBER 24, 2021
Virtual solutions could be here to stay even after the pandemic, according to one Toronto broker
Appraisal Buzz
NOVEMBER 24, 2021
Bolstering its compliance, post-closing, and human resources departments, Planet Home Lending continues its expansion to meet the growth of its origination and servicing volumes. The post Planet Home Lending Adds Three New Hires appeared first on DSNews. The post Planet Home Lending Adds Three New Hires appeared first on Appraisal Buzz.
Mashvisor
NOVEMBER 24, 2021
A Homeowners Association must be a familiar term if you live in a condo.
Appraisal Buzz
NOVEMBER 24, 2021
Mortgage applications rose 1.8% week-over-week, as the 30-year fixed-rate mortgage held steady at 3.10% as more took advantage of continued low rates to refinance. The post Mortgage Apps on the Rise as Rates Level Off appeared first on theMReport.com. The post Mortgage Apps on the Rise as Rates Level Off appeared first on Appraisal Buzz.
Housing Wire
NOVEMBER 24, 2021
Today the Census Bureau new home sales report came in as a miss of estimates at 745,000. In addition, revisions were all negative and the monthly supply of new homes rose. In contrast to the existing home sales market, which I would say is outperforming currently with the recent growth in sales, the new home sales market is just OK and has been for some time.
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