Housing Wire
JANUARY 20, 2022
The average 30-year-fixed rate mortgage climbed to 3.56% during the week ending Jan. 20, rising from 3.45% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.77%. Most economists believe rates will continue to climb in the weeks and months ahead. “Mortgage rates moved up again as the 10-year U.S.
Appraisal Buzz
JANUARY 20, 2022
The Mortgage Bankers Association Builder Application Survey released data for December 2021, showing mortgage applications for new home purchases decreased 7.1% compared from a year ago. Compared to November 2021, applications decreased by 5%. This change does not include any adjustment for typical seasonal patterns. “Applications to buy a new home slowed in December, while … The post Mortgage Applications Decreased 7.1% for New Home Purchases appeared first on theMReport.com.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
JANUARY 20, 2022
In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday. NAR Research has tracked the number of homes viewed since 1987 and eight is the lowest number on record. Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful.
Appraisal Buzz
JANUARY 20, 2022
Victoria Garcia DeLuca is the new vice president of marketplace diversity strategy for Guild Mortgage , an independent mortgage lender providing residential mortgage products and local in-house origination and servicing. Prior to joining Guild, DeLuca served almost three years as senior vice president of Federal Savings Bank, Brentwood, Tenn., where she led a team that focused on supporting homeownership within Hispanic and Black communities.
Housing Wire
JANUARY 20, 2022
Hosted by Mortgage Capital Trading. Collateral valuation is a critical component of mortgage lending and the home sales process. During the Interest rates, origination volume and profit margins are constantly shifting based on a variety of factors, and it takes an efficient and intelligent operation to stay on top of it all. Most lenders react, rather than act, to changes in the environment.
Appraisal Buzz
JANUARY 20, 2022
SAP Senior Executive to scale business operations and accelerate growth and implement go-to-market sales and operations experience. The post Total Expert Appoints Chad Gaydos as President appeared first on theMReport.com. The post Total Expert Appoints Chad Gaydos as President 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
JANUARY 20, 2022
Wells Fargo announced today that Derek Flowers has been appointed the company’s Chief Risk Officer, effective immediately. Flowers will lead all aspects of Wells Fargo’s Independent Risk Management function, including compliance risk management. He will continue to serve as a member of the company’s Operating Committee. “Derek is a proven leader with extensive experience managing risk.
Eyes on Housing
JANUARY 20, 2022
Fueled by low mortgage interest rates and strong demand, annual existing home sales reached 15-year high in 2021, according to the National Association of Realtors (NAR). However, supply has continued to lag due to ongoing supply-chain disruptions and inventory fell to lowest level since January 1999, keeping home prices elevated and pricing out first-time and young buyers.
Appraisal Buzz
JANUARY 20, 2022
Staircase has launched a low-code marketplace that allows lenders to quickly build applications that automate mortgage processes. The first template available in Staircase’s low-code marketplace is PreApproval, which lenders can use to create a customized, white-labeled, web- and mobile-enabled pre-approval application process for their borrowers in just 30 minutes. “Empowering borrowers to self-qualify by uploading their own information via third-party verification providers and aut
JMV Lending
JANUARY 20, 2022
“Flips” Still A Thing A “flip” is a home that has was recently purchased and then subsequently listed for sale – typically at a higher price point – within a specific time period (3 to 12 months, depending on investors or guidelines). With so many investors “flipping” homes, flips and flip issues are prevalent once […]. The post Desktop Appraisals Coming Soon; Flips too appeared first on JVM Lending.
Appraisal Buzz
JANUARY 20, 2022
Factual Data , a provider of credit and verification services to the lending industry, has conducted a credit integration with Newgen Software’s commercial loan origination system (LOS). Newgen has been serving banks and credit unions with its banking solutions, including consumer and commercial lending and online account opening, for the last 20 years.
Eyes on Housing
JANUARY 20, 2022
The NAHB/Royal Building Products Remodeling Market Index (RMI) for the fourth quarter posted a reading of 83, up four points from the fourth quarter of 2020. The reading is a sign of positive residential remodeler sentiment for projects of all sizes. The RMI is based on a survey that asks remodelers to rate various aspects of the remodeling market “good,” “fair”.
Appraisal Buzz
JANUARY 20, 2022
After weeks of hovering just above the 3% mark, mortgage rates changed course for the second straight week, reaching highs last seen prior to the pandemic. The post Mortgage Rates Climb for the Second Consecutive Week appeared first on theMReport.com. The post Mortgage Rates Climb for the Second Consecutive Week appeared first on Appraisal Buzz.
JMV Lending
JANUARY 20, 2022
Desktop Appraisals Are Coming! An appraiser recently charged us $2,000 for a basic appraisal in suburbia with a slightly larger lot and a moderately short time frame – because we could not find anyone else, and he knew it. BUT – with refis drying up and appraisals getting waived or easier, that appraiser is not […]. The post Desktop Appraisals Coming Soon appeared first on JVM Lending.
Appraisal Buzz
JANUARY 20, 2022
Freddie Mac ’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 3.56% with an average 0.7 point for the week ending January 20, 2022, up from last week when it averaged 3.45%. A year ago at this time, the 30-year FRM averaged 2.77%. “Mortgage rates moved up again as the 10-year U.S. Treasury yield rose and financial markets adjusted to anticipated changes in monetary policy that will combat inflation,”.
Empire Appraisal Group
JANUARY 20, 2022
Buyers May Face Hidden Costs for Homes with Solar Power. By Kerry Smith. “Solar-powered home” sounds like a great money-saving deal, but buyers should study possible costs before committing. Not all property insurance companies will cover solar panels, and the ones that do have a wide-ranging set of rules and inconsistent coverage pricing. ORLANDO, Fla. – According to the U.S.
Appraisal Buzz
JANUARY 20, 2022
A new study has found that more are factoring natural disasters in their decision-making process when it comes to moving. The post Examining the Climate’s Impact on Migration appeared first on DSNews. The post Examining the Climate’s Impact on Migration appeared first on Appraisal Buzz.
GoForrmz
JANUARY 20, 2022
Convert PDF forms to fillable web forms in just a few clicks Converting your PDFs into dynamic, fillable digital forms is easy and requires no code or IT support to complete. When you sign up for a free account you can even leverage our free fillable pdf form templates from the GoFormz Starter Templates. It’s easy to transform your PDFs into fillable forms that can be used on phones, tablets, and computers, from anywhere at any time!
Appraisal Buzz
JANUARY 20, 2022
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for December 2021 shows mortgage applications for new home purchases decreased 7.1% compared from a year ago. Compared to November 2021, applications decreased by 5%. This change does not include any adjustment for typical seasonal patterns. “Applications to buy a new home slowed in December, while the activity remained tilted to higher-priced homes,” comments Joel Kan, MBA’s associate vice president o
Lamacchia Realty
JANUARY 20, 2022
THERE IS NO PASS OR FAIL WITH HOME INSPECTIONS. A home inspection is an important part in the home buying process, however a common misconception is that it is a pass or fail type of inspection. Home inspectors do not pass or fail a home; instead they thoroughly inspect the property and provide buyers with a detailed report of any issues they see including potential safety concerns or even structural matters with the home.
Mashvisor
JANUARY 20, 2022
Since its launch in 2008, Airbnb has witnessed unprecedented growth. Over the past couple of years, Airbnb’s undoubtedly changed the way people view rental properties.
Mortgagebroker News
JANUARY 20, 2022
One demographic saw a greater increase in buying activity compared to others during the pandemic
Mashvisor
JANUARY 20, 2022
Buying and owning a property is already a huge responsibility. It will eat up a huge chunk of your budget and make a major dent in your finances.
Mortgagebroker News
JANUARY 20, 2022
The mortgage giant's CEO described the news as a "significant milestone" for the company
Mashvisor
JANUARY 20, 2022
The number of people looking for a second home is still 77% above pre-pandemic levels. Find out why here.
Mortgagebroker News
JANUARY 20, 2022
The province saw its busiest year on record during the past 12 months
Housing Wire
JANUARY 20, 2022
The residential real estate appraisal industry is staring at a fork in the road. The latest reminder is a report released Wednesday from the Appraisal Subcommittee , a part of the federal government in charge of monitoring appraiser standards. The report gives the familiar litany of news stories about instances of alleged racial discrimination by appraisers and proposes as a solution a more diverse appraiser workforce, and, just in general, more appraisers.
Mortgagebroker News
JANUARY 20, 2022
A prominent industry figure says principal brokers need to take the lead in driving change in Ontario
Appraisal Buzz
JANUARY 20, 2022
Closing the books on 2021, The National Association of Realtors (NAR) has reported that, during the month of December, existing-home sales declined 4.6% from November, to a seasonally adjusted annualized rate of 6.18 million, snapping a three-month streak of increases. Despite the monthly drop, existing home sales increased by an overall 8.5% for the year to 6.12 million units.
Mortgagebroker News
JANUARY 20, 2022
Economic pressures might push back the central bank's plans
Appraisal Buzz
JANUARY 20, 2022
Closing the books on 2021, The National Association of Realtors (NAR) has reported that, during the month of December, existing-home sales declined 4.6% from November, to a seasonally adjusted annualized rate of 6.18 million, snapping a three-month streak of increases. Despite the monthly drop, existing home sales increased by an overall 8.5% for the year to 6.12 million units.
Mortgagebroker News
JANUARY 20, 2022
Time is running out to be part of CMP’s annual showcase
Appraisal Buzz
JANUARY 20, 2022
Existing-home sales declined in December, snapping a streak of three straight months of gains, according to the National Association of Realtors. Each of the four major U.S. regions witnessed sales fall in December from both a month-over-month and a year-over-year basis. Despite the drop, overall sales for 2021 increased 8.5%. . Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – dropped 4.6% from November to a seasonally adju
Mortgagebroker News
JANUARY 20, 2022
The REIT is a growing force in the Canadian industrial property market
Expert insights. Personalized for you.
458 
Let's personalize your content