Mon.Feb 07, 2022

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A View on Risk: Desktop Appraisals

Appraisal Buzz

It appears the FHFA is making good on their promise. Fannie Mae announced on January 19, 2022 that they will be accepting desktop appraisals for eligible loan transactions. The team at Fannie Mae were the first to announce requirements lockstep with their Regulator that desktop appraisals will become a normal part of the appraisal product landscape.

Appraisal 435
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Homebuyers say this is the worst time ever to buy a house

Housing Wire

U.S. homebuyers are feeling pretty pessimistic about the housing market right now. In January, Fannie Mae’s Home Purchase Sentiment Index (HPSI) hit its lowest level since May 2020 when much of the country was still in facing lockdown measures due to the Covid-19 pandemic. The HPSI dropped 2.4 points from a month prior to 71.8 points in January, according to Fannie Mae’s National Housing Survey , published on Monday.

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Fairway Independent Mortgage Chooses Celink as Reverse Mortgage Subservicer

Appraisal Buzz

Celink , a reverse mortgage subservicer, has been selected by Fairway Independent Mortgage Corp., a nationwide mortgage lender, to help support the ongoing expansion of their reverse mortgage origination operations. Fairway will utilize Celink as its subservicer for newly originated reverse mortgages on an interim servicing basis until the company sells and transfers the loans, streamlining the process and reducing points of friction for borrowers. “Celink leadership understands the nuance

Mortgage 221
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Fannie Mae pays $53M to settle recession-era discrimination suit

Housing Wire

Amid protests set off by George Floyd’s death, Fannie Mae ’s CEO issued a public statement about its commitment to racial equity. “Fannie Mae understands the story of housing in America includes a history of systemic racism,” CEO Hugh Frater wrote in June 2020. “Our role in housing finance brings important responsibilities.”. Lisa Rice, president of the National Fair Housing Alliance , saw the statement and reached out to Frater to remind him of a related issue: a lawsuit the fair housing outfit

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Investor Sentiments Predict Tight Inventory, Inflation into 2022

Appraisal Buzz

The latest edition of the RealtyTrac Investor Sentiment Survey has confirmed something many investors already knew: the real estate market is in a worse place than it was a year ago. The survey by RealtyTrac, a property information company, found that 49% of a panel of real estate investors believed that the market is worse … The post Investor Sentiments Predict Tight Inventory, Inflation into 2022 appeared first on DSNews.

Inventory 195
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Santander to begin laying off mortgage employees

Housing Wire

Pink slips will start arriving for Santander Bank ’s employees working in the mortgage and home equity businesses following the bank’s announcement to stop originating such loans in the United States. In Pennsylvania, the company announced 53 permanent layoffs with effective date on April 8, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Department of Labor and Industry.

Mortgage 370

More Trending

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How to solve purchase loan processing challenges

Housing Wire

Despite low home inventory, many lenders are still maintaining a healthy mix of purchase loan business. The Mortgage Bankers Association estimates a 9% increase to a record new purchase volume of $1.73 trillion for 2022. As mortgage lenders begin to rely more on purchase volume to support their growth, emphasis is being placed on increasing efficiency in processing these loans.

Agents 368
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ConsumerDirect Mortgage Rebrands to ‘Real Genius’

Appraisal Buzz

To better align the company brand with its industry-leading technology that makes the mortgage process easier and more economical for consumers, ConsumerDirect Mortgage, a division of FirstBank, is rebranding to Real Genius. Along with the rebranding the company is launching a modern mortgage application platform that provides rate and cost transparency while maintaining a personalized approach.

Mortgage 195
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Home-equity investment pioneer Unison taps the secondary market

Housing Wire

San Francisco-based fintech firm Unison plans several securitization deals to market in 2022, with private label offerings backed by home-equity assets. San Francisco-based fintech company Unison recently completed a $443 million private-label offering backed by an emerging class of home-equity assets in which investors and the homeowners share in both the upside and downside of a property’s value over time.

Investing 356
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With Affordability Limitations Still an Issue, Home Purchase Sentiment Decreases

Appraisal Buzz

Fannie Mae ’s Home Purchase Sentiment Index (HPSI) decreased 2.4 points to 71.8 in January, its lowest level since May 2020, as affordability constraints continue to weigh on the housing market. Overall, four of the index’s six components decreased month over month, including the components measuring consumers’ perceptions of homebuying and home-selling conditions.

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3 Features to Look For In Your Data Entry App

GoForrmz

Don’t recreate the wheel – leverage a familiar interface for your team’s data entry forms app In today’s business world, data is a critical element of any operation. Data is used to manage projects, understand a customer client base, build reports, and operate businesses. But capturing data collected from the field or on a paper form adds obstacles to those trying to input data into existing data entry systems.

Tools 147
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Tappable Equity Makes Record Growth

Appraisal Buzz

Black Knight Inc., has released the latest iteration of it Mortgage Monitor Report for December 2021 which looks at record growth in tappable equity and the current for-sale inventory crisis and its effects on the wider market. According to Black Knight Data & Analytics President Ben Graboske, tappable equity—or the amount available for mortgage holders to … The post Tappable Equity Makes Record Growth appeared first on DSNews.

Inventory 195
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Tapping States for Backchannel Budget

Appraiserblogs

Scofflaw U.S. Agency Taps States For Its Backchannel Budget VENTURA, Calif. (February 4, 2022) – History is replete with cautionary tales about federal government enterprises with unchecked funding sources – that is, those outside the annual congressional appropriations process. One alternately funded enterprise was nicknamed “The Little Green House on ‘K’ Street.

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‘Good Time to Buy’ Measure Hits All-Time Low

Appraisal Buzz

Reaching its lowest level since May 2020, the Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 2.4 points to 71.8 in January, as affordability restrictions continue to weigh on the housing market. Overall, four of the index’s six components decreased month-over-month, including components that measure consumers’ perceptions of homebuying and home-selling conditions.

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To Ensure the Homeowner Assistance Fund Offers Relief to Struggling Native Homeowners, Center Their Needs and Voices

Urban

Federal assistance is critical but is not a one-shot solution for Native homeowners.

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The Storm After the Storm

Appraisal Buzz

John Thomas details how does property loss as a result of natural disasters impacts delinquency rates. The post The Storm After the Storm appeared first on DSNews. The post The Storm After the Storm appeared first on Appraisal Buzz.

Appraisal 195
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Tips for Selling Your Horse Farm

Lamacchia Realty

Selling a horse farm in today’s market can be a tricky process but one thing is true – if they look good and are well taken care of, it’s more likely that buyers will be interested in the property. If you’re in the process of getting ready to list your horse farm for sale, these tips from our experience and dedicated team at Lamacchia Realty will ensure your farm is looking its best and attracts ideal buyers this spring!

Realty 72
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Homeownership Harder to Achieve Due to High Prices and Low Inventory

Appraisal Buzz

The surging residential real estate market of the last two years led to record-high home prices and record-low inventory. This simultaneous “double trouble” has made it increasingly difficult for consumers, particularly Black Americans, to achieve homeownership, according to a new analysis from the National Association of Realtors and Realtor.com. The Double Trouble of the Housing Market report examines the impact that rapidly escalating home prices and diminishing housing inventory has on housi

Inventory 150
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Home Selling Tips 2022: The Complete Seller’s Guide

Mashvisor

In this article we will provide you with the 9 best home selling tips 2022 to make sure that you sell your property at the maximum price possible.

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Cherry Creek Mortgage Hires Lisa Gibbs as VP of CRM Technologies

Appraisal Buzz

Lisa Gibbs recently joined Cherry Creek Mortgage as vice president of CRM technologies. Gibbs brings a wealth of knowledge and experience to her new role, including over 20 years overseeing enterprise system implementations and driving transformational initiatives. She has helped several large companies adopt and leverage Salesforce and consolidate many different technology platforms into the Salesforce ecosystem.

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FREE Webinar: The Appraisal Foundation 2022 Q1 Update

McKissock

On Wednesday, February 23, 2022, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “The Appraisal Foundation 2022 Q1 Update.” Participate in this Q&A session with Lisa Desmarais, Vice President, Appraisal Issues with The Appraisal Foundation (TAF). Hear about proposed changes to USPAP as well as an update on current AQB and ASB activities.

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Think We’re Headed Toward a Housing Market Crash? That Mindset Will Prevent You From Making Smart Investments.

BiggerPockets

Do you want to invest in your first or next property, but find yourself wondering if you should wait for “the crash” before jumping in? If so, you’re not alone. I’ve talked to countless people—from experienced investors to my personal friends and family who are just looking for a primary residence—who are all questioning whether they should buy now or “wait for the crash.” .

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DLC announces record $78bn funded in 2021

Mortgagebroker News

The company's CEO said the result confirms its status as Canada's largest mortgage brokerage group

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BiggerPockets Podcast 568: BiggerNews February: Analyst Who Predicted ’07 Crash Sees “Yellow Flags” w/ Ivy Zelman

BiggerPockets

The housing market is an evolving beast that almost no one can accurately map. With so many investors on opposite sides of the fence when it comes to housing market […].

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What can go wrong on a real estate file at the lawyer's office?

Mortgagebroker News

Diamond & Diamond on some of the warning signs of an impending legal headache in the real estate process

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What Is the Best Rental Property Returns Calculator in 2022?

Mashvisor

With the right tool, making money in real estate doesn’t have to be a grueling task.

Tools 69
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Taking a mortgage business to the next level

Mortgagebroker News

Certain well-developed industry skills and a fundamental financial acumen will come in handy

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Where Are the Best Places to Invest in California in 2022?

Mashvisor

Want to know what the best places to invest in California in 2022 are?

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Can working from home improve mental health?

Mortgagebroker News

Employees reveal positives and negatives from remote working but are they really being productive?

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Building Materials Remain Top Challenge for Builders

Eyes on Housing

Much like last year, the price and availability of building materials topped the list of problems builders face. According to special questions on the December 2021 survey for the NAHB/Wells Fargo Housing Market Index, building material prices were a significant issue for 96% of builders in 2021, and 91% of the builders expect it to continue being a problem in.

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RATESDOTCA targets further broker partnership

Mortgagebroker News

The company is aiming to streamline lead generation for its broker partners

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Jocelyn Moore to Head Up Corporate Affairs at Pretium

Appraisal Buzz

Former EVP of Communications and Public Affairs for the NFL joins specialized investment firm focused on the single-family rental space. The post Jocelyn Moore to Head Up Corporate Affairs at Pretium appeared first on DSNews. The post Jocelyn Moore to Head Up Corporate Affairs at Pretium appeared first on Appraisal Buzz.

Investing 150
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The fate of HUD

Housing Wire

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. In recent months, HUD investigators have made redlining cases a departmental priority, according to interviews with attorneys who have reviewed the complaints, and lenders who declined to comment on the practices for fear of being associated with redlining.

Insurance 370