Mon.Jan 10, 2022

5 predictions for the 2022 housing market

Housing Wire

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event.

Wait! There’s Risk in my Appraisal?

Appraisal Buzz

If you talk to a professional risk manager working in the home finance industry, they’ll tell you that risk is hiding everywhere. While they may be overstating it, they aren’t doing it by much.

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Stewart starts 2022 with yet another acquisition

Housing Wire

Stewart Title appears to be starting 2022 exactly where it left off in 2021. The fourth largest title insurance underwriter by market share announced its acquisition of Nashville-based Homeland Title on Thursday. Homeland Title has served homebuyers and sellers in middle Tennessee since 2003.

Survey Finds Affordability to be Biggest Barrier to Homeownership

Appraisal Buzz

Re-issuing a survey first completed three years ago, PropertyShark, a property research firm for commercial and residential tracts, found that Millennials have become more pessimistic about their housing options than they were three years ago while Generation Z’s feelings have also dampened.

How to avoid home closing delays in 2022

Housing Wire

HousingWire recently spoke with Tom Kriby, Vice President of Client Development and Partnerships at Westwood Insurance, about how insurance issues can hold up a home closing and how lenders can integrate insurance into their process to help their homebuyers avoid delays.

Gen Z Less Optimistic About Home Ownership

Appraisal Buzz

Re-issuing a survey first completed three years ago, PropertyShark, a property research firm for commercial and residential tracts, found that Millennials have become more pessimistic about their housing options than they were three years ago while Generation Z’s feelings have also dampened.

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First-Time Buyers Weigh Their Options

Appraisal Buzz

A new study examines ideal destinations for first-time buyers, as they consider space, location, and overall pricing. The post First-Time Buyers Weigh Their Options appeared first on theMReport.com. The post First-Time Buyers Weigh Their Options appeared first on Appraisal Buzz. Around The Web

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Erie Title Agency merges with Barristers of Ohio

Housing Wire

The Hanna Family of Companies , the parent company of Howard Hanna Real Estate Services , announced the merger of Erie Title Agency, Inc and Barristers of Ohio to form Erie Title Barristers Group on Wednesday. The Cleveland-based Erie Title has been serving clients in Ohio since 1998.

January Active Forbearance Numbers Fall Yet Again

Appraisal Buzz

Mortgages that are in active forbearance plans continue to fall in January, led by FHA/VA plans.

The most aggressive housing market ever?

Sacramento Appraisal Blog

Was last year the most aggressive housing market we’ve ever had? I’m going to go out on a limb and say HECK YES based on the stats. But what do you think, whether you’re local or in a different market?

First-Timers Zero in on Markets Rich in Supply

Appraisal Buzz

First-time home buyers with remote work flexibility are focusing on markets where the inventory of homes for sale is nearly two times more than the national average. The post First-Timers Zero in on Markets Rich in Supply appeared first on DSNews.

Residential Building Worker Wages Grow Rapidly

Eyes on Housing

Average hourly earnings for residential building workers have been growing fast recently, driven by the tightening construction labor market. Last Friday, the Bureau of Labor Statistics (BLS) reported that the unemployment rate declined to 3.9% in December, the lowest rate since the pandemic.

Crypto Grows in Popularity to Fund Down Payments

Appraisal Buzz

Millennials own more crypto than other generation, and many are cashing in on the virtual currency as a means to pay for a down payment on their new home. The post Crypto Grows in Popularity to Fund Down Payments appeared first on theMReport.com.

Appraisers should be mindful of quality over efficiency

Valuation Review

To begin 2022 with helpful advice and words of wisdom from Dustin Harris, “The Appraiser Coach,” Valuation Review shares key points from his blog. Appraisers should never sacrifice quality in the name of efficiency, Harris says. Read on for more insight

Ravi Mallela Named EVP and CFO of NMI Holdings

Appraisal Buzz

Succeeding Adam Pollitzer, who was promoted to President and CEO, Mallela tapped to expand NMI’s growth and capital strategies. The post Ravi Mallela Named EVP and CFO of NMI Holdings appeared first on DSNews. The post Ravi Mallela Named EVP and CFO of NMI Holdings appeared first on Appraisal Buzz.

Chief appraiser outlines the specifics of ROVs

Valuation Review

Valuation Review caught up with Clear Capital’s Chief Appraiser John Brenan to discuss the topic of Reconsideration of Value (ROV). Brenan detailed the common reasons ROVs get requested and what appraisers need to know and can expect during this process. Read on for more of our conversation

Fidelity National Financial Names New CEO

Appraisal Buzz

Company announces executive management transition as Mike Nolan is named CEO, and Randy Quirk is appointed Executive Vice-Chair of the Board. The post Fidelity National Financial Names New CEO appeared first on theMReport.com.

Mortgage lender funding to provide automation help

Valuation Review

Beeline, a digital start-up mortgage lender, has completed a Series A round of financing for an undisclosed amount. The capital will be invested in automation and artificial intelligence to provide user experiences for borrowers

Anna Tilton Daniel: Managing Compliance in a Virtual World

Appraisal Buzz

PERSON OF THE WEEK: When the COVID-19 crisis first hit the mortgage industry, compliance departments needed to act fast to ensure lenders could still execute on all their compliance controls in a fully remote world.

Fintech company acquires Fincura

Valuation Review

Numerated has acquired Fincura Inc., adding spreading automation and financial analysis to Numerated’s Digital Loan Origination System. The strategic acquisition expands Numerated’s underwriting capabilities for business loans that require deep financial analysis

nCino Acquires SimpleNexus and Homeownership Software

Appraisal Buzz

nCino Inc. , a cloud banking and digital transformation solutions company for the global financial services industry, has completed its acquisition of SimpleNexus , a cloud-based, mobile-first homeownership software company, for total consideration of approximately 12.76

AI announces 2022 leadership team

Valuation Review

As Pledger (Jody) Bishop III begins his one-year term as president of the Appraisal Institute (Jan. 1), AI also announced its leadership team for 2022. Bishop’s one-year term as president will be followed by one year as immediate past president in 2023

Re-Examining ‘Injury in Fact’ With Hunstein II

Appraisal Buzz

What do recent decisions regarding the Hunstein case mean for the industry? Daniel C. Chilton takes a look at its impact on the industry moving forward. The post Re-Examining ‘Injury in Fact’ With Hunstein II appeared first on DSNews.

S&P CoreLogic Case-Shiller Index shows October home price gain

Valuation Review

S&P Dow Jones Indices (S&P DJI) released the latest results for the S&P CoreLogic Case-Shiller Indices. The data released for October 2021 showed that home prices continue to increase across the U.S. Read on to learn more from the CoreLogic report

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SettlementOne Valuation Accelerating Its Growth and Expansion Plans for 2022

Appraisal Buzz

SettlementOne Valuation Welcomes Matthew Scott as Chief Operations Officer, and Dave Roberts as Senior Vice President of Strategic Accounts, Accelerating Its Growth and Expansion Plans for 2022 and beyond.

Staying up to code

Mortgagebroker News

A national code of conduct for brokers is a key step in better serving consumers, writes FSRA's Antionette Leung

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Simplify Employee Evaluations With These Five Form Features

GoForrmz

Take your employee evaluation process to the next level with these digital form features A formal employee review process is designed to help managers and employees identify areas of improvement, provide constructive feedback, and assess the employee’s overall job performance.

Don't miss out on HomeEquity Bank's extended broker commission promo of 175bps on new deals

Mortgagebroker News

How to make the most of a supercharged — and limited time — commission rate

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2022 Bidding Wars – How to Strike and Win

Lamacchia Realty

The housing market around the Greater Boston area is enduring a market climate never seen before as a result of the COVID-19 pandemic. Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since.

What does it mean to be “out of contract” in a home sale?

San Jose Real Estate

In other words, there is a seller or buyer default happening. How can that happen? Buying Tips Contracts & Forms Selling Tips buyer default Covid default escrow in escrow out of contract Real estate seller default sickness silicon valley

Washington State Housing Market Forecast 2022

Mashvisor

As we usher in the new year, a lot of real estate investors and homebuyers are looking for 2022 housing market predictions and forecasts.

BiggerPockets Podcast 556: The Most Feared BRRRR Step (and How to Get Over It) | Coaching Calls

BiggerPockets

If you’re rehabbing a rental, performing a BRRRR, building an ADU, or even getting into new construction, now is a challenging time for you. With supply chain problems, limited materials, […]. All BiggerPockets Real Estate Podcast

North Virginia Housing Market Forecast 2022

Mashvisor

With a massive surge in home sales, to a shortage of supply, to a drastic increase in home prices – the past couple of years have been a roller coaster… Investor Blogs Real Estate Analysis Investor Tools Market Analysis mashvisor tools Rental Strategies Return on Investment

Utah Housing Market Forecast 2022: The Complete Guide

Mashvisor

We went through a real roller coaster ride the past couple of years mainly because of the pandemic. It would be a huge understatement to say that it has upended… Investor Blogs Top Locations Investment Portfolio Location Market Analysis Return on Investment