Housing Wire

MAY 1, 2023

Recently, the director of the Federal Housing Finance Agency (FHFA) issued a statement clarifying the agency’s rationale for changes to loan level pricing adjustment (LLPA) fees going into effect on May 1. The changes have created some controversy due to the fact that better credit quality borrowers will experience higher fees after May 1 than under the current LLPA grids and vice versa for lower credit quality borrowers.

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Mortgage Insurance Development Business 410

Real Estate News

MAY 1, 2023

The new mortgage fee structure taking effect today is an attempt by the FHFA to create "equitable and sustainable access to homeownership.

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Mortgage 241

Housing Wire

MAY 1, 2023

With lenders competing for every purchase transaction, some may be dusting off products they haven’t used in years or expanding their credit box to accommodate more borrowers and increase access to homeownership. Ensuring that creativity doesn’t compromise compliance takes serious research and constant QC system updating. We’ve asked Phillip McCall, president and chief operating officer at ACES Quality Management , how lenders can keep up with new and upcoming regulations to maintain loan qualit

Technology 384

Technology Lending Business Law 384

Inman

MAY 1, 2023

Loan-level pricing adjustments — a fee on mortgages — led to widespread misinformation leading up to the May 1 hike. Inman spoke to experts about what the changes mean for homeowners.

Mortgage 161

Mortgage Agents Finance 161

Housing Wire

MAY 1, 2023

The Consumer Financial Protection Bureau (CFPB) announced on Monday a proposed rule that seeks to bolster consumer protections for borrowers seeking Property Assessed Clean Energy ( PACE ) financing for home renovations. These loans, which are often used to finance environmentally-minded renovations, like the addition of solar panels, have led to financial instability for some borrowers.

Property Taxes 384

Property Taxes Renovations Finance Lending 384

Eyes on Housing

MAY 1, 2023

Improvements in affordability expectations have led to an increase in the share of prospective buyers who have moved beyond just the planning phase of their home search: 56% report being actively engaged in the purchase process in the first quarter of 2023, up from 46% a quarter earlier. The share of prospective buyers actively searching for a home rose in.

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Buyers 159

Kairos Appraisal Services

MAY 1, 2023

If you have plans for home buying, selling, or refinancing, it will likely require an appraisal. While the mortgage lender will order the appraisal to ensure that they are not issuing a loan for more than what the property is worth, it’s still best for buyers and sellers to understand the home appraisal process and… The post Understanding the Different Types of Home Appraisals appeared first on Kairos.

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Appraisal Appraisal Process Sellers Buyers 98

Inman

MAY 1, 2023

Inman reached out to the many real estate professionals who've been impacted and inspired by Chris during her tenure to get their thoughts on her legacy and her influence.

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Real Estate Brokerage Agents 148

GoForrmz

MAY 1, 2023

“ GoFormz helped eliminate 80% of our physical paperwork. ” — Donovan Block, CFO, Freedom Industries Commercial Doors and Docks About Freedom Industries Operating since 2012 in Southern California, Freedom Industries is a facilities maintenance company that provides installation, repair, and maintenance on all types of doors, loading docks, and more.

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Clients 78

Inman

MAY 1, 2023

Berkshire Hathaway Vice Chair Charlie Munger warned of "trouble ahead" for the U.S. commercial property market as federal regulators seized First Republic Bank early Monday morning.

Real Estate 161

Real Estate Marketing 161

Valuation Review

MAY 1, 2023

ASC to host second appraisal bias hearing.

Appraisal 113

Appraisal 113

Inman

MAY 1, 2023

Stay ahead of the competition with the latest luxury market insights and data from David Friedman, co-founder of WealthQuotient.

Real Estate 148

Real Estate Clients Marketing Brokerage 148

BiggerPockets

MAY 1, 2023

Real estate has many enduring truths, but these are the 11 that are total must-haves. Unlock the secrets (but no-so secret) to success here!

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Real Estate Investing 79

Inman

MAY 1, 2023

For the first time in its history, Inman recognized more than 120 companies for their influence and ingenuity in the mortgage and financial services space.

Finance 114

Finance Mortgage 114

Mashvisor

MAY 1, 2023

Conducting a search for profitable rental areas in 2023 is a straightforward process when you can access up-to-date and accurate information.

Real Estate 69

Real Estate Investors 69

Valuation Review

MAY 1, 2023

More thoughts on Fannie Mae appraisal announcement.

Modernization 78

Modernization Appraisal 78

Town & Country Residential Appraisals

MAY 1, 2023

Clean and Green is a preferential tax assessment program enacted in 1974 under the stated goal of “protecting the Commonwealth's valuable farmland, forestland, and open spaces.” It bases property taxes on use values rather than fair market values. This ordinarily results in a tax savings for landowners. [link] Clean & Green Program Once enrolled, the general rule is that the landowner is obligated to continue using the land in a qualified use indefinitely or face the penalty of roll-back tax

Property Taxes 51

Property Taxes Appraisal Market Value Buyers 51

BiggerPockets

MAY 1, 2023

You might know about REITs, but do you know about STR REITs? Read more to find out!

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Investing 76

Valuation Review

MAY 1, 2023

CoreLogic's January LPI report shows more delinquent numbers.

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BiggerPockets

MAY 1, 2023

Has housing market hysteria returned?

Real Estate 73

Real Estate Buyers Housing Market Marketing 73

Valuation Review

MAY 1, 2023

Lender Compliance Technologies lead roundtable discussion.

Technology 60

Technology 60

Housing Wire

MAY 1, 2023

HousingWire is excited to announce the 2023 class of Rising Stars! In its tenth year, this industry award is showcasing the up-and-coming leaders in housing who have had major accomplishments all before the age of 40. They help run major corporations, and are the entrepreneurs building tomorrow’s great businesses. They work in any and every area of the housing economy and come from diverse backgrounds but share one common trait — an outsized impact on the industry and within their businesses.

Real Estate 370

Real Estate Loan Officers Development Realtors 370

Valuation Review

MAY 1, 2023

Hawkins Ash CPAs LLP has added to its partnership.

Valuation 60

Valuation 60

Housing Wire

MAY 1, 2023

The Community Home Lenders of America (CHLA) submitted a letter to the Consumer Financial Protection Bureau (CFPB) in support of changes to the loan originator compensation rule, telling CFPB Director Rohit Chopra that the current rule’s “inflexibility” in certain areas is a “detriment” to consumers. The letter calls for increased flexibility in LO compensation restrictions, which would “[benefit] consumers without opening loopholes that would allow for anti-consumer practices,” according to the

Finance 384

Finance Mortgage Business 384

Valuation Review

MAY 1, 2023

Attorney shares legal views on appraisal bias.

Legal 78

Legal Appraisal 78

Housing Wire

MAY 1, 2023

Less than two months after the abrupt failures of Silicon Valley Bank and Signature Bank , federal regulators seized First Republic Bank and sold it to JPMorgan Chase Bank. The Federal Deposit Insurance Corporation (FDIC) and JP Morgan are also entering into a loss-share transaction on single family, residential and commercial loans it purchased from the former First Republic Bank.

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Insurance Finance Government Mortgage 384

Valuation Review

MAY 1, 2023

HUD announces "Supplemental Grant" awards.

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Housing Wire

MAY 1, 2023

Maxwell , the mortgage fintech backed by Wells Fargo and Fin Capital, has launched Maxwell Single-Sign On, an SSO (single sign-on) tool for lenders to enhance security and reduce the risk of data breaches, the company announced on Monday. The tool is designed to address the issue of sensitive data being handled by lenders and loan officers on a daily basis, including social security numbers, paystubs, and tax returns.

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Tools Loan Officers Mortgage Technology 397

Eyes on Housing

MAY 1, 2023

Private residential construction spending inched down 0.2% in March, as spending on single-family construction decreased 0.8%. Spending on private residential construction declined for the tenth month in a row amid elevated mortgage interest rates. Consequently, this spending is 10% lower compared to a year ago. The monthly decline is largely attributed to lower spending on single-family construction, which has been.

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Construction Mortgage 139

Clear Capital

MAY 1, 2023

The April 2023 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 0.8 percent. Download the report , or read it below. About the Clear Capital Home Data Index (HDI ) Market Report and Forecast The Clear Capital HDI Market Report and Forecast provides insights into market trends and other leading indices for the real estate market at the national and local levels.

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Marketing Real Estate Investing 69