Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. “I had not done first mortgage lending before, but I was familiar with the basics of rea

Mortgage 522

Mortgage Marketing Retail Lending 522

Miller Samuel

APRIL 14, 2022

For each issue of Elliman Magazine produced by Douglas Elliman , the same company that publishes most of our U.S. market research , I write a brief column and create a graphic to illustrate an important issue facing the luxury housing market. Of course, the graphic I create is then supercharged by their very talented graphics staff. Listing inventory has essentially collapsed in most U.S. housing markets as unusually low rates against the backdrop of robust economic conditions have burned off su

Inventory 415

Inventory Housing Market Real Estate Marketing 415

Housing Wire

APRIL 14, 2022

The 5% threshold has been crossed, and given all the headwinds in the U.S. economy, it doesn’t appear that mortgage rates will be dropping below that mark anytime soon. Purchase mortgages this week averaged 5%, up 28 basis points from 4.72% a week ago , according to the latest Freddie Mac PMMS. A year ago at this time, rates were at 3.13%. The GSE’s index accounts for just purchase mortgages reported by lenders over the past three days. “This week mortgage rates averaged 5% for the f

Mortgage 421

Mortgage Government Renovations Buyers 421

Appraisal Buzz

APRIL 14, 2022

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2022 shows mortgage applications for new home purchases decreased 5% compared from a year ago. Compared to February 2022, applications increased by 10%. This change does not include any adjustment for typical seasonal patterns. “Mortgage applications for new home purchases increased in March, which is consistent with typical seasonal trends and a sign of strong underlying demand for housing,” says Joel Kan, Th

Mortgage 195

Mortgage Appraisal 195

Housing Wire

APRIL 14, 2022

Federal Reserve in Washington, D.C. What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 trillion agency MBS portfolio?

Marketing 409

Marketing Investors Government Investing 409

Appraisal Buzz

APRIL 14, 2022

GSE honors national and local lenders committed to the Home Possible affordable lending solution for very low- to low-income homebuyers, making homeownership a reality. The post Freddie Mac Recognizes 2021’s Home Possible RISE Award Winners appeared first on DSNews. The post Freddie Mac Recognizes 2021’s Home Possible RISE Award Winners appeared first on Appraisal Buzz.

Lending 195

Lending Appraisal 195

Appraisal Buzz

APRIL 14, 2022

According to the latest Monthly Rental Report from Realtor.com, rental prices grew nationwide by nearly 20% from March 2020 to 2022 during the pandemic. Two-year rental trends indicate some redistribution of higher rents across the 50 largest markets during COVID, as renters migrated from expensive, big tech cities to relatively more affordable areas.

Marketing 195

Marketing Appraisal 195

Housing Wire

APRIL 14, 2022

As automation continues to make a sizable impact on the real estate industry, finding the smartest ways to utilize it can help lenders sharpen their competitive edge. HousingWire recently spoke with Erin Wilson, Senior Vice President of Client Services at DataVerify, about how automating customizable workflows can help lenders save time, enabling them to focus more on building relationships with borrowers.

Clients 397

Clients Tools Inventory Real Estate 397

Appraisal Buzz

APRIL 14, 2022

The results of Freddie Mac ’s Primary Mortgage Market Survey (PMMS) shows that the 30-year fixed-rate mortgage (FRM) averaged 5% with an average 0.8 point as of April 14, 2022, up from last week when it averaged 4.72%. A year ago at this time, the 30-year FRM averaged 3.04%. “This week, mortgage rates averaged five percent for the first time in over a decade,” says Sam Khater, Freddie Mac’s chief economist.

Mortgage 195

Mortgage Appraisal Marketing 195

Housing Wire

APRIL 14, 2022

Fannie Mae generated some buzz last week when it announced it would be accepting written attorney opinion letters in lieu of a title insurance policy “in limited circumstances.”. HousingWire wondered: just what were those limited circumstances? According to the government sponsored entity, the only transactions ineligible for an attorney title opinion letter are those that involve loans secured by a unit in a condo project, co-op share loans, loans secured by a dwelling on a leasehold estate, in

Insurance 397

Insurance Renovations Law Real Estate 397

Appraisal Buzz

APRIL 14, 2022

Asurity Technologies LLC ’s Asurity Mortgage Group (AMG) digital compliance software has been deployed by DLS Servicing Consultants LLC , a mortgage and default servicing company, to deliver mortgage loan servicing capabilities to mortgage servicers DLS supports. DLS maximizes the return on delinquent and defaulted loans by providing expert services and using its proprietary system WaterfallCalc.com software to conduct loss mitigation reviews, as well as to support short sale, deed-in-lieu negot

Mortgage 150

Mortgage Training Technology Appraisal 150

Eyes on Housing

APRIL 14, 2022

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the first quarter of 2002 posted a reading of 86, unchanged from the first quarter of 2021. The RMI and all of its components and subcomponents were all 80 or higher (on a scale of 0 to 100) indicating of positive residential remodeler sentiment. The RMI is based on a survey that asks.

Marketing 149

Marketing 149

Appraiserblogs

APRIL 14, 2022

It may mean that this will turn out to be the bellwether test case for other similar lawsuits against appraisers… Folks, a San Francisco, CA US District Court Judge has ruled that the bias suit against an appraiser can proceed. This link has the story: Judge finds plausible race discrimination in Black couple’s lawsuit over lowball appraisal | Courthouse News Service Appraiser Janette Miller with Miller and Perotti Real Estate Appraisers was hired by appraisal services company AMC Links to do th

Appraisal 121

Appraisal Inspection Real Estate Marketing 121

GoForrmz

APRIL 14, 2022

Utilize GoFormz to easily automate actions like tagging, emailing, or transferring a form to other users Did you know you can use GoFormz to automatically email, Tag , or Transfer forms? Automating these daily tasks enforces critical workflow steps and data capture rules while streamlining collaboration and communication. This is made possible using Template Events , which are available for all subscriptions and can be used to easily configure simple automations tied to a specific form Template.

Business 78

Business 78

Mashvisor

APRIL 14, 2022

If you‘ve ever sold or bought a property, you most probably know what an MLS (Multiple Listing Service) is. Table of Contents What Is MLS? How Does It Work?

Tools 74

Tools Investors Real Estate Investing 74

BiggerPockets

APRIL 14, 2022

Financial independence is not a new concept to Carl and Mindy Jensen. For as long as they’ve been together, Carl and Mindy have been open and upfront about their financial […].

57

57

Mashvisor

APRIL 14, 2022

In modern times, people are looking to rent Airbnb properties more often than traditional hotels. Though it may seem easy enough, Airbnb rentals may be more complicated than it appears.

Modernization 68

Modernization Tools Investors 68

Mortgagebroker News

APRIL 14, 2022

An Ontario-based company has high hopes for the concept following the closure of a pre-seed funding round

69

69

Mashvisor

APRIL 14, 2022

Looking at Vacasa reviews, the platform might be a good choice for short-term rental investment. Here, we’ll explore Vacasa in more detail. Table of Contents What Is Vacasa?

Investors 68

Investors Investing Tools Real Estate 68

Mortgagebroker News

APRIL 14, 2022

Higher mortgage rates are also expected to weigh down home price growth

Mortgage 69

Mortgage 69

Appraisal Buzz

APRIL 14, 2022

Property taxes are a given for most people in the country, and as with everything else, increases happen every year. To quote Benjamin Franklin, “nothing is certain except death and taxes.” According to ATTOM Data’s 2021 Property Tax Analysis, single-family homeowners paid a collective $328 billion in property taxes during the year, up 1.6% from … The post Homeowners Paid a Collective $328B in Property Taxes in 2021 appeared first on DSNews.

Property Taxes 195

Property Taxes Appraisal 195

Mortgagebroker News

APRIL 14, 2022

There are favourable conditions for the segment, according to Sotheby's

Housing Market 67

Housing Market Marketing 67

Housing Wire

APRIL 14, 2022

President Joseph Biden. Federal agencies committed to further racial equity through new equity action plans, but for housing, the action plan is light on new action. The housing plan lacks any participation from the Federal Housing Finance Agency , which is not a cabinet level agency, but oversees the federal entities that back most of the mortgage market.

Finance 409

Finance Technology Law Mortgage 409

Mortgagebroker News

APRIL 14, 2022

Corporation assures shareholders that they are protected from the worst effects

Mortgage 64

Mortgage 64

Appraisal Buzz

APRIL 14, 2022

The Department’s new Equity Action Plan outlines its commitment to bringing equity to the forefront within the Biden Administration by reducing the racial homeownership gap. The post HUD Provides Framework to Advance Housing Equity Nationwide appeared first on DSNews. The post HUD Provides Framework to Advance Housing Equity Nationwide appeared first on Appraisal Buzz.

Appraisal 150

Appraisal 150

Mortgagebroker News

APRIL 14, 2022

"How can we make them look like rockstars?

Mortgage 68

Mortgage 68

Appraisal Buzz

APRIL 14, 2022

ATTOM has released its 2021 property tax analysis for almost 87 million U.S. single-family homes, which shows that $328 billion in property taxes were levied on single-family homes in 2021, up just 1.6% from $323 billion in 2020. That was well down from the 5.4% increase seen from 2019 to 2020 and marked the second smallest rise over the past five years.

Property Taxes 150

Property Taxes Appraisal 150

Mortgagebroker News

APRIL 14, 2022

The central bank's April announcement saw its largest single rate increase for almost 22 years

Business 69

Business 69