Housing Wire
NOVEMBER 15, 2021
Vishal Garg, founder and CEO, Better.com. Better.com is struggling to deal with the waning influence of refis in the mortgage market, with preliminary results published by their SPAC partner revealing that the digital lender expects a net loss between $85 million and $100 million in the third quarter. And the forecast looks even worse for the fourth quarter, documents show.
Appraisal Buzz
NOVEMBER 15, 2021
Matt Simmons has been busy with his sixth edition of “Random Thoughts of an Appraiser!” There are plenty of times where appraisers have collectively had thoughts or concepts that can be communicated and/or questioned in a sentence and don’t need a dedicated article. We are pleased to have Matt Simmons, partner of Maxwell, Hendry & Simmons, offer a periodic collection of observations on what’s going on in the valuation world.
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Housing Wire
NOVEMBER 15, 2021
Rocket Companies CEO Jay Farner. When Rocket Companies announced in August that it would be dipping its toes in the iBuying space, the lender didn’t do so with its usual panache. There were no polished marketing promos or commercials featuring celebrities like Tracy Morgan. In fact, news that Rocket would be pushing into iBuying was barely a footnote in the August press release.
Appraisal Buzz
NOVEMBER 15, 2021
After hitting the lowest levels in over a month last Tuesday, mortgage rates have been moving higher fairly quickly each day since then. Most of the damage occurred on Wednesday and Friday of last week (markets were closed on Thursday), but today got progressively worse as the hours ticked by. Mortgage lenders prefer to release one set of rates per day.
Housing Wire
NOVEMBER 15, 2021
The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’s finances and FHA’s Annual Report to Congress, both released Monday morning. Its economic net worth value sits at approximately $3.8 billion compared with the -$492 million figure recorded in 2020.
Appraisal Buzz
NOVEMBER 15, 2021
In a report to Congress, the FHA reports that its Mutual Mortgage Insurance (MMI) Fund hit 8.03% for fiscal year 2021, a 1.93 percentage point-rise year-over-year. The post FHA’s MMI Fund Propelled by Gains in Home Prices appeared first on DSNews. The post FHA’s MMI Fund Propelled by Gains in Home Prices 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 15, 2021
BLOG VIEW: It is no secret that home ownership is a large part of the American dream, as it is the primary contributor to successful individual wealth building. Research has consistently shown that communities with a high rate of homeownership realize substantial social benefits and tend to flourish and be more economically resilient, with children and families more likely to thrive and build generational wealth.
Eyes on Housing
NOVEMBER 15, 2021
Friday’s post described how, in the construction industry, job layoffs have plunged while unfilled job positions remain elevated (according to the government’s latest Job Openings and Labor Turnover report). If more evidence of a severe supply chain challenge is needed, the record percentages of NAHB members reporting labor shortages in recent surveys can provide it.
Appraisal Buzz
NOVEMBER 15, 2021
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. Watters, who was previously the company’s sales manager for the past three years, has 24 years of mortgage industry experience and is licensed in 11 states. He served in a variety of roles over a 20-plus year career, including originator, broker and loan processor.
GoForrmz
NOVEMBER 15, 2021
Reduce paper waste by leveraging digital forms as your sustainable business tool With paper forms, businesses struggle with administrative burdens , are prone to costly errors, and experience detrimental delays. Along with the negative business impacts, paper forms add to the current environmental struggles that are prevalent today. Having an understanding of the environmental impact of paper is critical, especially as paper accounts for 26% of total waste in landfills.
Appraisal Buzz
NOVEMBER 15, 2021
LoanNEX , a provider of pricing and eligibility technology specializing in non-agency products, is now integrated with ICE Mortgage Technology’s Encompass TPO Connect. The integration gives TPO Connect users simplified access to more loan products supporting more borrowers, LoanNEX says in a release. LoanNEX says it is setting a new standard for how mortgage originators access and navigate mortgage options for non-traditional borrowers, placing sophisticated pricing and eligibility technology wi
Urban
NOVEMBER 15, 2021
Cities’ diverse and creative plans reveal the scope of housing needs and local urgency to find funding for solutions.
Appraisal Buzz
NOVEMBER 15, 2021
MBS issuance by Ginnie Mae fell month-over-month in October, despite reporting it had passed through to investors a $1 trillion in principal and interest payments in FY2021. The post Ginnie Mae Issues $69B+ in MBS in October appeared first on DSNews. The post Ginnie Mae Issues $69B+ in MBS in October appeared first on Appraisal Buzz.
Valuation Review
NOVEMBER 15, 2021
Valuation Review caught up with Appraisal Institute Government/External Relations Director Bill Garber to get his thoughts on demands exceeding supply concerns pertaining to valuation. Garber was part of a recent webinar panel that addressed this topic. Read on for more of the conversation.
Appraisal Buzz
NOVEMBER 15, 2021
Tasked with improving the borrower experience, 30-year vet joins Cherry Creek Mortgage to implement new technologies and streamline production. The post Ty Kern Named Executive Managing Director of Cherry Creek Mortgage appeared first on theMReport.com. The post Ty Kern Named Executive Managing Director of Cherry Creek Mortgage appeared first on Appraisal Buzz.
Valuation Review
NOVEMBER 15, 2021
In its October Insights Report, mortgage advisory firm STRATMOR Group revealed data that shows why lenders have found it nearly impossible to achieve suitable returns on their technology investments.
Appraisal Buzz
NOVEMBER 15, 2021
Enabling brokers to close loans faster and more efficiently, loanDepot Wholesale has launched the newest iteration of its mello broker portal. A number of new and enhanced Closing Connection features within the portal use loanDepot’s proprietary technology to streamline the closing process for brokers. loanDepot Wholesale is the third-party origination division of loanDepot , licensed to serve mortgage originators in 48 states and the District of Columbia. loanDepot Wholesale provides a fa
Valuation Review
NOVEMBER 15, 2021
The personal-finance website WalletHub, in recognizing the number of lives lost during COVID-19, released its report “2021’s Safest States in America” comparing the states across 55 key metrics.
Appraisal Buzz
NOVEMBER 15, 2021
Until about two years ago, remote work was a novelty for many, something only used for sick days or special occasions. But as the COVID-19 pandemic closed offices across the country, remote work became a necessity for many as it looks to be sticking around as the pandemic wanes, creating new housing opportunities for those with a fully-remote schedule. … The post Is The Future Fully Remote?
Valuation Review
NOVEMBER 15, 2021
In its Seller/Servicer Guide Bulletin 2021-31, Freddie Mac addressed revisions to seller/servicer and related third-party risk mitigation requirements and updates to its lost note affidavit requirements, among other things.
Appraisal Buzz
NOVEMBER 15, 2021
NMI Holdings Inc. has appointed Norm Fitzgerald, currently the company’s senior vice president and chief sales officer, as executive vice president and chief sales officer, and Mohammad Yousaf, currently the company’s senior vice president and chief business transformation officer, as executive vice president of operations and IT. Both promotions will take effect on January 1, 2022.
Valuation Review
NOVEMBER 15, 2021
The COVID-19 pandemic is playing a big role in driving more golfers to hit the links this year, setting the stage for a revival of the nation’s golf courses, according to BBG Managing Director Lee Smalley. The company executive reached out to Valuation Review to share his thoughts on the condition of golf courses in his article titled “Pandemic-Driven Demand Eases Golf Course Slump.
Appraisal Buzz
NOVEMBER 15, 2021
The U.S. Department of Housing and Urban Development (HUD) has released its fiscal year (FY) 2021 report to Congress on the financial health of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund. In addition to its emphasis on delivering relief options to homeowners financially impacted by the COVID-19 pandemic, FHA continued to deliver on its mission of enabling homeownership for first-time and low- and moderate-income, and households of color.
Valuation Review
NOVEMBER 15, 2021
During a conversation with Valuation Review, Kevin Musick, the ClearValue company’s president and chief technology officer said- “despite the increase in availability of property data, a picture still says a thousand words.” The goal is to provide credible and secure confirmation photographs taken by various types of property inspectors are taken at the right subject property, and at the time of inspection.
Appraisal Buzz
NOVEMBER 15, 2021
A new report from OJO Labs, a Texas-based real estate technology and guidance company, has found that 40.9% of homes in October sold for more than its list price—a number that has been consistently declining over the last four months. This number also rings true on a local scale as well: in the top 80 metro areas that saw at least … The post List Price Woes: More Homes Selling for List Price appeared first on DSNews.
Mashvisor
NOVEMBER 15, 2021
Having an Airbnb property comes with many benefits, for example: It’s possible to generate an additional income passively You can set your own prices and adjust them for different seasons…
Appraisal Buzz
NOVEMBER 15, 2021
Home sales may be at their highest levels in 15 years, but a number of factors will force the market to cool in 2022. The post Housing Market to Ride Wave Through 2021 appeared first on theMReport.com. The post Housing Market to Ride Wave Through 2021 appeared first on Appraisal Buzz.
Mashvisor
NOVEMBER 15, 2021
Regardless of who cleans, you’ll need an Airbnb cleaning checklist to follow throughout each transition to maintain a specific standard of hygiene. All else is acceptable, but cleanliness is not.
Appraisal Buzz
NOVEMBER 15, 2021
A new report from OJO Labs, a Texas-based real estate technology and guidance company, has found that 40.9% of homes in October sold for more than its list price—a number that has been consistently declining over the last four months. This number also rings true on a local scale as well: in the top 80 metro areas that saw at least … The post Competition For Homes Declines for a Fourth Consecutive Month appeared first on theMReport.com.
Mortgagebroker News
NOVEMBER 15, 2021
CMP salutes 82 female trailblazers who have soared to new heights in the mortgage industry over the past year
Total Motgage
NOVEMBER 15, 2021
Whether you’re a first-time buyer or an industry professional, it’s important to stay up-to-date on all mortgage news. Let’s review some of last week’s news and make predictions for the month of November.
Buys Brokers Only LLC
NOVEMBER 15, 2021
After dropping for two consecutive weeks, U.S. mortgage interest rates dipped below 3 percent again, according to Freddie Mac's weekly Primary Mortgage Market Survey.
Total Motgage
NOVEMBER 15, 2021
Continued mortgage rate fluctuations, trending cash-out opportunities, and more. Stay informed with this week’s look at recent industry news.
Mortgagebroker News
NOVEMBER 15, 2021
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