Housing Wire

SEPTEMBER 9, 2022

As a financial technologist specializing in mortgage since long before “fintech” was a thing, I appreciate how tough market cycles force us to focus. For some individuals and companies, this is your first mortgage down cycle. For others, it’s just a new chapter in your journey. But one thing is certain for all of us: without technical expertise, fintech is just a buzzword, and markets like this are when we earn our place serving America’s consumers.

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Sacramento Appraisal Blog

SEPTEMBER 9, 2022

I love the original Back to the Future movie. Do you too? Well, I can’t help but think of today’s housing market compared to the film. Sellers have tended to be stuck in the past expecting the market to be hotter than it actually is right now. And some buyers are stuck in the future, […].

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Housing Wire

SEPTEMBER 9, 2022

Following the latest round of layoffs, Homepoint has shrunk its workforce from about 4,000 workers in summer of 2021 to about 1,000 in fall of 2022. The wholesale lender last week laid off 913 employees, according to a review of Worker Adjustment and Retraining Notification notices filed in Arizona, Florida, Michigan and Texas. Over the last year it has also sold off large chunks of the business – including servicing to ServiceMac and delegated correspondent to Planet Home Lending – which accoun

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Appraisal Buzz

SEPTEMBER 9, 2022

Today’s Buzzcast interview is with Greg Stephens, Owner of GE Stephens Compliance, Consulting, and Training. We sat down with Greg and Joan Trice, Founder of Allterra Group, LLC, to discuss compliance, consulting, and training in the appraisal industry. What are some examples of the new technology helping appraisers today? How does consulting in the appraisal industry work?

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Housing Wire

SEPTEMBER 9, 2022

Pennymac followed the tracks of Rocket Pro TPO and United Wholesale Mortgage in raising conforming loan limits ahead of the Federal Housing Finance Agency ‘s (FHFA) decision to do so in November. The country’s third-largest purchase mortgage lender, according to Inside Mortgage Finance , will be increasing conventional loan limits to $715,000 across all channels, Pennymac said Thursday. . “At Pennymac, we continue to support our customers and partners by providing them with the best

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Appraisal Buzz

SEPTEMBER 9, 2022

Aspen Grove Solutions has announced the launch of a new collections solution for the mortgage servicing space. Aspen’s collections product guides both an associate and borrower through a series of micro-journeys built to investor and organizational compliance. Each micro-journey is a composition of data points and workflow configured into a defined call flow, ensuring consistent … The post Aspen Grove Debuts New Collections Solution for Servicers appeared first on DSNews.

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GoForrmz

SEPTEMBER 9, 2022

The GoFormz team will be exhibiting at the International Manufacturing Technology Show in Chicago! We are thrilled to be attending the International Manufacturing Technology Show in Chicago , September 12-17, 2022. Will we see you there? IMTS 2022 The International Manufacturing Technology Show showcases the creators, builders, sellers, and drivers of manufacturing technology.

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Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year. In July and August of this year, there was a total of 25 residential mortgage-backed securities (RMBS) deals secured by mortgage pools valued at $8.3 billion, according to nonagency RMBS offerings,

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Appraiserblogs

SEPTEMBER 9, 2022

Taking private property for public use is one of the most powerful government actions under the constitution. The exercise of this power is commonly known as condemnation. The power itself is referred to as the eminent domain power. Eminent domain can occur at the federal, state, and local levels of government. If you are notified that your home, land, or property will be condemned for a public use, you will likely have many questions that need answers.

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The Robert Weiler Company

SEPTEMBER 9, 2022

Land investors choose land to buy in Ohio for many reasons. Unlike other investments of value, buying land is often a safe investment. Land is a limited resource, has permanence, and appreciates in value. In fact, land won’t depreciate, even raw and undeveloped land. Buying land in Ohio offers myriad uses if you follow zoning regulations. Ohio consistently ranks at the top for affordable living and business costs.

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Mashvisor

SEPTEMBER 9, 2022

Finding vacation rentals for sale in St George Utah can be the start of a lucrative venture for any beginner investor, so let’s talk about it.

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Buys Brokers Only LLC

SEPTEMBER 9, 2022

After dropping below 5 percent at the beginning of August, average U.S. mortgage interest rates have increased over the past several weeks, according to Freddie Mac's weekly Primary Mortgage Market Survey.

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BiggerPockets

SEPTEMBER 9, 2022

Did you know that inflation and taxes are two of the biggest killers of wealth? During inflationary times, the dollar is worth less. Spending more money on everyday things like […].

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Mortgagebroker News

SEPTEMBER 9, 2022

The much-needed rental housing supply will answer the needs of the province’s sharply growing population, builder says

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BiggerPockets

SEPTEMBER 9, 2022

It’s a little strange how long it took build-to-rent real estate investing to catch on. For decades, landlords were used to buying older homes, many without renovations, and renting them […].

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Mortgagebroker News

SEPTEMBER 9, 2022

Renewed calls to re-evaluate the stress test came in the wake of the Bank of Canada's latest outsized rate hike

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San Jose Real Estate

SEPTEMBER 9, 2022

How's the Mountain View real estate market? This is one of the very hottest areas within Silicon Valley and is home to a myriad of high tech companies and in a stone's throw of others. With a charming and walkable downtown, easy access to CalTrain and a vibrant atmosphere conducive to both work and play, it is no wonder that people relocating to the San Francisco Bay Area or Silicon Valley place Mountain View squarely in their target.

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Mortgagebroker News

SEPTEMBER 9, 2022

Prospective buyers will be forced to the sidelines while bracing for the impact of higher rates, observers say

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BiggerPockets

SEPTEMBER 9, 2022

If someone told you that financial freedom could be achieved by traveling the world, you probably wouldn’t believe them. How can going on a work vacation to Europe make you […].

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Mortgagebroker News

SEPTEMBER 9, 2022

They give the central bank the tools it needs to manage runaway inflation

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Appraisal Buzz

SEPTEMBER 9, 2022

On Wednesday, September 28, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “An Hour with Fannie Mae.” In this special interactive webinar, you’ll hear information on the new undervaluation risk flag in Collateral Underwriter (CU), an in-depth discussion of Appraisal Quality Monitoring, and an update on desktop appraisals.

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Appraisal 39

Houston Properties

SEPTEMBER 9, 2022

Impact of the Coronavirus on the Houston housing market.

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Mortgagebroker News

SEPTEMBER 9, 2022

Rental costs have spiked noticeably in recent months

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Houston Properties

SEPTEMBER 9, 2022

Want to own landscaped yards with minimal maintenance? See our team's Houston patio homes guide for the best "garden homes".

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Housing Wire

SEPTEMBER 9, 2022

An influential banking trade group this week argued that the Federal Housing Finance Administration (FHFA) should not permit nonbank lenders and real estate investment trusts to become members of the $1 trillion Federal Home Loan Bank system. In a statement issued Tuesday, Rebecca Romero Rainey, president of the Independent Community Bankers of America , said the FHLBs must “remain a strong, stable and reliable source of funding for community banks, including many agricultural lenders.”.

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Eyes on Housing

SEPTEMBER 9, 2022

Residential construction loan volume reached a post-Great Recession high during the second quarter of 2022, as home building activity and new home sales slowed. Outstanding builder loan balances are rising as development debt is being held longer as new homes remain in inventory longer. Loan balances will decline in coming quarters as the development loan market becomes more costly and.

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Appraisal Today

SEPTEMBER 9, 2022

How to Respond to ROV Requests: Updated Guidance. By Greg Stephens, SRA, AI-RRS. Excerpts: Suggested protocols for responding to Reconsideration of Value requests. When you receive an ROV request, some recommended steps to take include: 1. Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client.

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Eyes on Housing

SEPTEMBER 9, 2022

Of the roughly 1,127,000 single-family and 474,000 multifamily homes started in 2020, 37,000 (15,000 single-family and 22,000 multifamily) were built in age-restricted communities, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD). A residential community can be legally age-restricted, provided it conforms the one of the.

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