Wed.Nov 24, 2021

Why are builders happy despite new homes sales miss?

Housing Wire

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.

How Appraisers are Handling Market Value

Appraisal Buzz

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Mortgage rates remain stuck at 3.10%

Housing Wire

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%.

What Happened to Zillow?

George Dell

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!).

Mortgage apps rise despite higher interest rates

Housing Wire

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.

Mortgage Applications Increased Last Week Despite Rising Rates

Appraisal Buzz

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%

Opinion: CRA for IMBs won’t work as advertised

Housing Wire

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.

More Trending

How one company aims to put lenders at the forefront of online home search

Housing Wire

HW Media CEO Clayton Collins recently spoke with Ernie Graham, CEO and Co-founder at Homebot , to dive into what it really means for mortgage professionals to create clients for life , and how Homebot is doing that through the entire home-buying process, starting with home search. “It

How High Can Rent Go?

Appraisal Buzz

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.

What does mortgage tech disruption actually look like? SimpleNexus’ Cathleen Schreiner Gates answers

Housing Wire

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.

Fraud Risk Down Due to More Refinance Volume

Appraisal Buzz

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.

HW+ Member Spotlight: Bill Lowman

Housing Wire

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.

FinTech Lenders May be Key to Solving Discrimination

Appraisal Buzz

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.

Gay, disabled ex-employee sues loanDepot for discrimination

Housing Wire

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.

Legal 312

Mortgage Rates Remain Steady Heading into the Thanksgiving Holiday

Appraisal Buzz

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.

New Home Sales Flat in October After September Data Revision

Eyes on Housing

Contracts for new, single-family home sales were flat at a 745,000 seasonally adjusted annual rate in October according to estimates from the joint release of the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.

Mortgage Apps on the Rise as Rates Level Off

Appraisal Buzz

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.

Are Floor Plans in Your Future?

Appraiserblogs

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.

Blue Spot Home Loans Names New VP

Appraisal Buzz

Cherry Creek Mortgage, a nationwide, full-service mortgage lender, announced Jody Watters has been promoted to vice president of sales and branch manager at Blue Spot Home Loans, Cherry Creek Mortgage’s consumer direct division.

5 Fields to Include In Your Digital Bill of Materials Form

GoForrmz

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.

Consumer Stress Holding Steady amid Price Increases

Appraisal Buzz

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.

Legal 195

Why TMG Hurricane has proven such a hit with brokers

Mortgagebroker News

The platform has earned huge praise from the agent and broker community since its launch

Bankruptcies Continue to Hover Near All-Time Lows

Appraisal Buzz

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.

Legal 195

Are in-person client meetings a thing of the past?

Mortgagebroker News

Virtual solutions could be here to stay even after the pandemic, according to one Toronto broker

Two New Additions Strengthen WFG’s Southwest Growth

Appraisal Buzz

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.

Mortgage debt growth accelerates, but borrowing activity stalls – BoC

Mortgagebroker News

Debt balances reach a new high

Guaranteed Rate Announces Changes to Executive Leadership

Appraisal Buzz

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.

Racial, sexual minorities at borrowing disadvantage – StatCan

Mortgagebroker News

The agency says certain demographics face specific challenges

58

Getting in on the Season of Giving

Appraisal Buzz

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. Around The Web

Work on new Winnipeg housing complex to begin this week

Mortgagebroker News

The new multi-story complex is scheduled for completion by fall 2022

58

Mortgage Industry Lends a Hand to the Community

Appraisal Buzz

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.

Interest rate hikes might have a knock-on effect on renovation budgets – observers

Mortgagebroker News

The current renovation boom hinges on expectations that price growth will last indefinitely, observers say

Disaster Preparedness Across the U.S.

Appraisal Buzz

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. Around The Web

A community mindset

Mortgagebroker News

Tracy Valko's strong emphasis on client and community well-being has been a guiding light throughout her eventful career in the mortgage industry

Planet Home Lending Adds Three New Hires

Appraisal Buzz

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. Around The Web

How To Get Out Of Paying HOA Dues – A Guide For Rental Property Investors

Mashvisor

A Homeowners Association must be a familiar term if you live in a condo. Within that, HOA fees are the expenses you pay to maintain the property you live on,… Investor Blogs Property Management property management Real Estate Tips Rental Management

HOA 56

BiggerPockets Podcast 536: How to Get ‘Unstuck’ | Coaching Calls w/ Brandon Turner

BiggerPockets

Real estate investing can feel complicated, even when you’re doing well. There’s usually a time when every investor hits an invisible wall and moving on to the next deal, partnership, […]. All BiggerPockets Real Estate Podcast