Housing Wire

JULY 23, 2021

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. Acra Lending is doing what it can to help free up inventory. The company specializes in non-QM products, a sector that serves many borrowers who might not fit agency loans. By working with borrowers in unusual circumstances, Acra is helping create opportunities for inventory to open up. 3-month bank statement.

Housing Market 432

Housing Market Marketing Inventory Lending 432

Appraisal Buzz

JULY 23, 2021

According to a new report from Redfin , housing supply is gradually gaining momentum as the number of homes for sale begins to increase and pending sales continue a steady and seasonal decline. In turn, prices will stop rising as rapidly as they have been and an increasing number of homes for sale will see price drops. Pending home sales were up 9% year over year, representing the smallest increase since the four-week period ending.

Appraisal 370

Appraisal 370

Housing Wire

JULY 23, 2021

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire Senior Real Estate Reporter Matthew Blake answered questions about his latest coverage on the impact of the DOJ’s decision and how the industry is gearing up to respond. During the Q&A, Blake discussed the ramifications of previous DOJ investigations into NAR and conversations he has had with top-level agents on how they’re feeling about this news.

Real Estate Agent 421

Real Estate Agent Real Estate Agents Brokerage 421

Appraisal Buzz

JULY 23, 2021

GSE adds SVP and Chief Compliance Officer to oversee regulatory and conservatorship obligations. The post Jerry Mauricio to Head Up Compliance Efforts at Freddie Mac appeared first on theMReport.com. The post Jerry Mauricio to Head Up Compliance Efforts at Freddie Mac appeared first on Appraisal Buzz.

Appraisal 370

Appraisal 370

Housing Wire

JULY 23, 2021

Three of the “Big Four” title insurers — First American Financial , Old Republic and Stewart Title — released their second-quarter earnings this week. Fidelity National will release its second-quarter earnings on Aug. 3. First American reported $2.3 billion in total revenue for the second quarter, a 41% increase year over year and up from $2 billion in the first quarter of 2021.

Insurance 397

Insurance Valuation Real Estate Investing 397

Appraisal Buzz

JULY 23, 2021

After serving in an interim CCO capacity since January, 20-plus year veteran takes over SVP role at GSE. The post Freddie Mac Names Jerry Mauricio SVP and Chief Compliance Officer appeared first on DSNews. The post Freddie Mac Names Jerry Mauricio SVP and Chief Compliance Officer appeared first on Appraisal Buzz.

Appraisal 370

Appraisal 370

Appraisal Buzz

JULY 23, 2021

The national mortgage delinquency rate in June hit its lowest level since the onset of the pandemic, falling to 4.37% of all loans, according to Black Knight’s First Look report. Black Knight notes that delinquencies have now fallen to below their pre-Great Recession average. Still, more than 1.5 million homeowners are seriously delinquent (90 days or more past due but not in foreclosure) – nearly four times pre-pandemic levels.

Mortgage 370

Mortgage Appraisal 370

Urban

JULY 23, 2021

Assistance could be a lifeline for many tenants and landlords, providing vital funding for much-needed preservation of their homes and properties.

Landlords 207

Landlords Tenants 207

Appraisal Buzz

JULY 23, 2021

Data shows telework trends affecting traffic patterns and thereby reducing the premium placed on proximity to the office. The post Homebuyers Paying Less for Short Commute appeared first on theMReport.com. The post Homebuyers Paying Less for Short Commute appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Eyes on Housing

JULY 23, 2021

The share of prospective home buyers looking to buy a newly-built home peaked at 42% in the fourth quarter of 2020, before falling to 38% and 33%, respectively, in the first two quarters of 2021. The drop is most likely the direct result of strong gains in new home prices in 2021, which have been driven by double-digit growth in.

Construction 166

Construction Buyers 166

Appraisal Buzz

JULY 23, 2021

Freddie Mac has named Jerry Mauricio as the company’s senior vice president and chief compliance officer, having served as the GSE’s interim CCO since January 2021. He will fully transition to the position of CCO immediately, becoming a member of the company’s senior operating committee and reporting directly to CEO Michael DeVito. As chief compliance officer, Mauricio will oversee and lead Freddie Mac’s compliance risk management program for the company’s regulatory and conservatorship obligati

Appraisal 195

Appraisal 195

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. Below, we provide a basic overview of exposure time vs. marketing time and sources that can be used to support an opinion of reasonable exposure time.

Appraisal 99

Appraisal Marketing Market Value Development 99

Appraisal Buzz

JULY 23, 2021

Real estate economists expect house prices to accelerate less quickly and even begin to decrease in the coming weeks, as more owners place their homes on the market. “Like a slow-turning ship,” the supply side of the housing market is slowly gaining momentum, as analyst Tim Ellis of Redfin puts it. Redfin economist Daryl Fairweather … The post As Competition Eases, Housing Market Remains Ripe for Sellers appeared first on theMReport.com.

Sellers 195

Sellers Housing Market Marketing Real Estate 195

BiggerPockets

JULY 23, 2021

This week is a special Rookie Reply, Ashley and Tony are in the same physical location! They both stopped by Denver, Colorado to record some future episodes of the Real […].

Real Estate 73

Real Estate 73

Appraisal Buzz

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. Below, we provide a basic overview of exposure time vs. marketing time and sources that can be used to support an opinion of reasonable exposure time.

Appraisal 195

Appraisal Marketing Market Value Development 195

Mashvisor

JULY 23, 2021

There are plenty of real estate investment opportunities nowadays. However, many of them tend to involve expensive apartment deals geared solely for the wealthy.

Investing 74

Investing Investors Real Estate 74

Appraisal Buzz

JULY 23, 2021

The pandemic changed the way Americans work and, as a result, altered the importance of—and premium on—an easy commute from home to office. The post Traffic Trends Affect Housing Market appeared first on DSNews. The post Traffic Trends Affect Housing Market appeared first on Appraisal Buzz.

Housing Market 195

Housing Market Marketing Appraisal 195

Assurance Financial

JULY 23, 2021

How Important Is Credit Score. f or Home Loans? Buying a home is a major commitment, both on the part of the buyer and the lender. As a buyer, you agree to take care of your new home and repay your mortgage based on the terms of the loan. The lender is taking a chance by providing you a significant sum of money upfront, with the expectation that you’ll pay it back with interest.

Mortgage 69

Mortgage Lending Government Loan Officers 69

Appraisal Buzz

JULY 23, 2021

Federal Housing Administration officials say streamlining a waterfall of loss mitigation tools will “help bring homeowners’ mortgages up to date and keep people in their homes.” The post FHA Updates Recovery Options for Homeowners appeared first on DSNews. The post FHA Updates Recovery Options for Homeowners appeared first on Appraisal Buzz.

Tools 150

Tools Appraisal Mortgage 150

Mortgagebroker News

JULY 23, 2021

A significant number of Canadians are forced to allocate more than half of their income on household carrying costs

69

69

Appraisal Buzz

JULY 23, 2021

Data shows telework trends affecting traffic patterns and thereby reducing the premium placed on proximity to the office. The post Homebuyers Paying Less for Short Commute appeared first on theMReport.com. The post Homebuyers Paying Less for Short Commute appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Mortgagebroker News

JULY 23, 2021

A significant chunk of Canadians will not work with employers who do not have a virtual-work option

69

69

Appraisal Buzz

JULY 23, 2021

A new webinar will examine weather-related events, their impact on the overall climate, and how insurers nationwide are dealing with these issues. The post The Week Ahead: Risk Management in a Time of Catastrophe appeared first on DSNews. The post The Week Ahead: Risk Management in a Time of Catastrophe appeared first on Appraisal Buzz.

Insurance 195

Insurance Appraisal 195

Mortgagebroker News

JULY 23, 2021

The industry veteran says specific asset classes have proven resilient throughout the pandemic

69

69

Listing Spark

JULY 23, 2021

What does contingent mean in real estate? This is a question that can be very confusing, due to the fact contingencies can come in many different forms. I’ll discuss each in this article. Contingent MLS Listing Status. What does contingent mean in regards to the MLS listing status? It means the seller has entered in to a contract with a buyer that has contractually made the purchase contingent on their ability to sell an existing home they own.

Real Estate 36

Real Estate Contracts Finance Buyers 36

Mortgagebroker News

JULY 23, 2021

The transaction opens the doors to more high-quality loan opportunities for investor clients

Finance 69

Finance Investors Clients 69

On Q Financial

JULY 23, 2021

We know every home purchase is unique. Unexpected situations may require more flexibility, but luckily On Q Financial specializes in flexibility! Our new Extended Rate Lock offers more ways for borrowers to personalize their mortgage process. What is a Rate Lock? Because mortgage rates can fluctuate daily, borrowers’ rates are at the mercy of the market.

Mortgage 36

Mortgage Construction Government Lending 36

Mortgagebroker News

JULY 23, 2021

The lender has tapped the expertise of a former BMO high-level executive

69

69

REX Real Estate

JULY 23, 2021

Whether you’re a first-time homebuyer or seasoned homeowner, buying a home is an exciting…

Buyers 36

Buyers Agents Mortgage 36

Assurance Financial

JULY 23, 2021

How to Get a Mortgage Loan. Ready to take the first steps toward buying a home? If you’re going to finance your home purchase, one of the first things to do is figure out how to get a mortgage. You might have heard that getting a mortgage is a long and complicated process, with plenty of twists and turns along the way. While it’s true there are several steps involved in applying and getting approved for a home loan, with a bit of preparation and attention, getting a mortgage doesn

Mortgage 74

Mortgage Real Estate Agent Government Loan Officers 74

REX Real Estate

JULY 23, 2021

Looking for a home is an exciting journey whether you’re a first-time homebuyer or…

Buyers 36

Buyers Agents Mortgage 36

Housing Wire

JULY 23, 2021

With the foreclosure moratorium for federally backed mortgages set to expire next week, the Biden administration is giving borrowers additional options to reduce their mortgage payments. The Department of Housing and Urban Development (HUD), Department of Agriculture (USDA), and Department of Veterans Affairs (VA) will give homeowners options to reduce their monthly principal and interest by lengthening the term of the mortgage, bringing the agencies “closer in alignment with options for homeown

Mortgage 441

Mortgage Insurance Tools Development 441

Eyes on Housing

JULY 23, 2021

The total market share of non-site built single-family homes (modular and panelized) was at 3% of single-family completions in 2020, according to Census Bureau Survey of Construction data and NAHB analysis. This share is expected to rise moderately in 2021 and in the years ahead, due to the ongoing labor shortage in the residential construction sector and the need to lift labor.

Construction 178

Construction Marketing 178

Appraisal Buzz

JULY 23, 2021

HUD will host a virtual discussion covering President Biden’s recent charge on a new initiative designed to decrease the racial housing gap for all. The post The Week Ahead: Home Valuations and Racial Disparities in Housing appeared first on theMReport.com. The post The Week Ahead: Home Valuations and Racial Disparities in Housing appeared first on Appraisal Buzz.

Valuation 195

Valuation Design Appraisal 195