Housing Wire
OCTOBER 4, 2021
In several previous articles I have opined that an increase in mortgage rates may be our only hope for slowing the escalation of home prices that we’ve been experiencing for the past year. With mortgage rates hitting above 3% last week for the first time since June, it’s a good time to revisit this conversation and what we should expect next for mortgage rates.
Appraisal Buzz
OCTOBER 4, 2021
As mainstream media has highlighted recent instances of discrimination in home valuations, the GSE has taken steps to reverse the course and promote diversity and inclusion in the appraisal space. The post Fannie Mae Takes Steps to Stamp Out Racial Bias in Appraisals appeared first on DSNews. The post Fannie Mae Takes Steps to Stamp Out Racial Bias in Appraisals appeared first on Appraisal Buzz.
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Housing Wire
OCTOBER 4, 2021
Over half of Realtors said that social media was their top lead-generating technology tool, according to a new survey report from the National Association of Realtors. The most popular social media app among the random sample of Realtors surveyed was Facebook , with 90% of respondents reporting they used the app, followed by Instagram at 52% and LinkedIn at 48%.
Appraisal Buzz
OCTOBER 4, 2021
Even with a seasonal housing market cooling, more buyers are entering the market due to continued ultra-low interest rates. During a four-week survey period ending September 19, most housing metrics showed an expected seasonal slowdown: pending sales were down 12% from their peak this year, the share of homes sold above list price fell below 50%, and … The post Low Mortgage Rates Push Additional Buyers Into Market appeared first on theMReport.com.
Housing Wire
OCTOBER 4, 2021
Servicers’ forbearance portfolio volume declined at a faster pace last week, as mortgage holders exit COVID-19 plans, according to the Mortgage Bankers Association (MBA). And exits are expected to pick up the pace even more over the next few weeks. The total number of loans in forbearance decreased by seven basis points to 2.89% as of Sept. 26. In the previous week, the rate dropped four basis points to 2.96%, hitting pre-pandemic levels.
Appraisal Buzz
OCTOBER 4, 2021
In a recent blog, Fannie Mae details strides it has taken to increase D&I efforts in the industry, specifically its support and promotion of the Appraiser Diversity Initiative (ADI). The post GSE Affirms Its Commitment to Racial Equality in Housing appeared first on theMReport.com. The post GSE Affirms Its Commitment to Racial Equality in Housing appeared first on Appraisal Buzz.
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Appraisal Buzz
OCTOBER 4, 2021
Early holiday shopping will pay off for the Habitat for Humanity as a new partnership with online retailer Zulily who will donate 1% of its eligible sales to the non-profit organization. Throughout the month of October, Zulily will donate 1% of in-app sales of products under its “home” category to the non-profit whose mission it is to build affordable housing for those in need. “Habitat’s … The post Zulily To Donate To Habitat For Humanity appeared first on theMReport.com.
Housing Wire
OCTOBER 4, 2021
The secondary market for mortgage servicing rights, or MSRs, has been heating up recently as interest rates tick up, increasing the value of MSR assets, and as other revenue streams for lenders begin to slow — such as loan refinancing. It’s also the time of year that many nondepository lenders, also called nonbanks, typically will look to sell off some of the MSR assets on their books to bolster liquidity for future endeavors.
Appraisal Buzz
OCTOBER 4, 2021
First American Title Insurance Company has expanded remote online notarization (RON) availability for residential real estate transactions via the company’s direct and agency division operations. That means more home buyers, sellers and borrowers will have greater flexibility and convenience, not to mention the safety of closing their home purchase or refinance transactions remotely.
Eyes on Housing
OCTOBER 4, 2021
Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the second quarter of 2021 compared to the first quarter of 2021. According to the U.S. Bureau of Economic Analysis (BEA), the percent change increase in real GDP ranged from 9.7 percent in Nevada to 1.8 percent in Alaska. Nationwide, growth in real GDP, measured.
Appraisal Buzz
OCTOBER 4, 2021
DataVerify , a provider of data verification, risk mitigation and workflow automation services, has integrated with Rocket Companies’ Nexsys Technologies. DataVerify will directly connect with Nexsys Clear HOIsm, a tool from Nexsys Technologies that automates the verification of homeowners insurance (HOI) for mortgage lenders. “This integration greatly expands what we can offer to our customers,” says Brad Bogel, DataVerify’s president.
GoForrmz
OCTOBER 4, 2021
Mavid Group streamlines the completion of construction job site onboarding forms, insurance documentation, and compliance processes with digital forms, online form sharing, and the Egnyte integration. “ GoFormz allows us to manage everything effectively, and easily, from the office. Before it was all guesswork and intangible, but now we have that same data that we were inputting manually before and it’s all being put to use to actively manage the company. ” — Seth Allwood, Safety
Appraisal Buzz
OCTOBER 4, 2021
Regio n s Bank has entered into a definitive agreement to acquire Sabal Capital Partners LLC , a diversified financial services firm that leverages a technology-driven origination and servicing platform to facilitate lending in the small-balance commercial real estate market for clients nationwide. Sabal is an originator of Fannie Mae and Freddie Mac small-balance commercial real estate loans and has a growing presence in non-agency commercial mortgage-backed securities loan origination.
Valuation Review
OCTOBER 4, 2021
The topic of modernizing the real estate appraisal workflow has created a fair amount of controversy, which is strange given the many benefits every other function in the home financing transaction has enjoyed, says Class Valuation in its latest white paper titled “Modernizing the Appraisal Workflow.” The pathway to digital lending is literally littered with positive impacts, for lenders, service providers, regulators and, of course, borrowers.
Appraisal Buzz
OCTOBER 4, 2021
A new study has found that high-equity borrowers were more than 40% less likely to face the involuntary liquidation of their home. The post Strong Equity Stakes May Not Hold Off Foreclosure Starts appeared first on DSNews. The post Strong Equity Stakes May Not Hold Off Foreclosure Starts appeared first on Appraisal Buzz.
JMV Lending
OCTOBER 4, 2021
AGENTS WERE LIVID WHEN APPRAISAL CAME IN LOW We recently had an appraisal come in $25,000 under contract price – and the agents were irate! They sent us comps that they insisted the appraiser should correlate to – but: (1) the comps were in another development a few miles away; and (2) the comps were […]. The post Appraisers Can’t Ignore “Bad” Comparable Sales; Agents Shouldn’t Either appeared first on JVM Lending.
Appraisal Buzz
OCTOBER 4, 2021
Founded in 2005, Brookstone was established to address all facets of property preservation to meet the needs of its growing nationwide footprint. The post Top 5: Get to Know Brookstone Management appeared first on DSNews. The post Top 5: Get to Know Brookstone Management appeared first on Appraisal Buzz.
Valuation Review
OCTOBER 4, 2021
For this month’s installment of news appraisers should know, Dustin Harris, “The Appraiser Coach,” offers advice from his blog “The Best Idea for IT Support for Your Appraisal Office.” Harris reminds appraisers of how to better spend their time in the office. Read on to learn more.
Appraisal Buzz
OCTOBER 4, 2021
The share of homeowners in forbearance continues to slide week-after-week, dropping this week to 2.89% of servicers’ volume, with nearly 1.4 million nationwide currently in plans. The post Forbearance Exits Continue to Rise, as Re-Entries Decline appeared first on DSNews. The post Forbearance Exits Continue to Rise, as Re-Entries Decline appeared first on Appraisal Buzz.
Lamacchia Realty
OCTOBER 4, 2021
FALL HOME MAINTENANCE TO-DOS! Fall is a whirlwind. Easy summer living quickly turns into busy routines, afternoon and weekend activities and before you know it, you’ve been so busy fall turns into winter. Be sure to take care of these home maintenance tasks before the first freeze. 1) Shut off your hoses and bring in your hose reel. Frozen water expands and can very easily damage any mechanisms in your hose or the hose reel, so drain it and bring them indoors before the first freeze. 2) Clean ou
Appraisal Buzz
OCTOBER 4, 2021
It is no secret that the COVID-19 turned the world on its end. Entire industries ground to a halt overnight, eliminating countless jobs and putting even more on furloughs. Low wage workers who predominately rent have been affected the most, but new research from the Terner Center for Housing Innovation at The University of California Berkley focuses … The post How Landlords Are Impacted by the Pandemic appeared first on DSNews.
Valuation Review
OCTOBER 4, 2021
Reggora, an appraisal software company, announced Envoy Mortgage has adopted its appraisal management system to help process all loans requiring an appraisal. Envoy will leverage Reggora technology to deliver a fast and efficient appraisal, supporting their customers through the homebuying journey, according to a company release.
Appraisal Buzz
OCTOBER 4, 2021
It is no secret that the COVID-19 turned the world on its end. Entire industries ground to a halt overnight, eliminating countless jobs and putting even more on furloughs. Low wage workers who predominately rent have been affected the most, but new research from the Terner Center for Housing Innovation at The University of California Berkley focuses on the effect of the pandemic on landlords and how they are faring. … The post How Are Landlords Faring During the Pandemic?
Valuation Review
OCTOBER 4, 2021
Integra Realty Resources, one of North America’s largest independent commercial real estate valuation and consulting firms, announced a new team member. Thomas Humbert has joined its Syracuse, N.Y., office as managing director.
Appraisal Buzz
OCTOBER 4, 2021
Ocwen Financial Corp. ’s wholly-owned subsidiary, PHH Mortgage Corp., has completed the previously announced transaction with Reverse Mortgage Solutions Inc. (RMS) and its parent, Mortgage Assets Management LLC (MAM), to acquire substantially all of the RMS reverse mortgage servicing platform and all of the outstanding equity interests in the RMS Real Estate Owned business, REO Management Solutions LLC (REO).
Valuation Review
OCTOBER 4, 2021
The Appraisal Foundation (TAF) issued a statement following the release of a research analysis from Freddie Mac on appraisal bias in which TAF President David Bunton shared his thoughts.
BiggerPockets
OCTOBER 4, 2021
Once the housing market started to slide in 2007, smart investors began buying, and waiting, for rock-bottom prices to kick in. Investors were buying homes in some of the best […].
Valuation Review
OCTOBER 4, 2021
S&P Dow Jones Indices released the latest results for the S&P CoreLogic Case-Shiller Indices. The data released for June showed home prices continued to increase across the U.S. Read on to find out more information.
Mashvisor
OCTOBER 4, 2021
Can you refuse to join a homeowners association? It depends on your patience and willingness to be litigious.
Mortgagebroker News
OCTOBER 4, 2021
Broker network executives on the benefits of using an open platform approach – and guaranteeing data privacy
Mashvisor
OCTOBER 4, 2021
Selling a house as is in NJ means that you transfer your property in its current condition, including any existing defects, without making any repairs, improvements, or price concessions.
Mortgagebroker News
OCTOBER 4, 2021
Lender is the first major bank to increase its fixed mortgage rate as bond yields surge
Appraisal Buzz
OCTOBER 4, 2021
MCLEAN, Va. Freddie Mac (OTCQB: FMCC) today released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households, resulting in an appraisal gap. The extent of that gap increases as the percentage of Black and Latino individuals in the census tract increases.
Mortgagebroker News
OCTOBER 4, 2021
Industry body’s president says the city’s permit backlog has reached a “crisis stage”
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