Housing Wire

OCTOBER 6, 2021

Fannie Mae announced Wednesday that, starting in 2022, it will allow third-parties to fulfill the homeownership education requirement on some affordable mortgages. Third-party homeownership education providers will still have to be aligned with the National Industry Standards for Homeownership Education and Counseling or with the Department of Housing and Urban Development Housing Counseling Program, if it is not a HUD-approved counseling agency.

Finance 479

Finance Mortgage Development 479

Appraisal Buzz

OCTOBER 6, 2021

BLOG VIEW: Technology shifts during this lingering pandemic include remote online notary, system-to-system communication, digital signing and the like. This has shown the industry what can be done if everyone works together toward a common goal, which in this example is touch-less processing. That same approach is needed to usher the residential mortgage industry into a new age of technology that includes blockchain.

Technology 195

Technology Appraisal Mortgage 195

Housing Wire

OCTOBER 6, 2021

Mortgage application volume dropped 6.9% for the week ending Oct. 1, as higher rates reduced borrowers’ waning appetites for refis even further , according to the Mortgage Bankers Association (MBA). On an unadjusted basis, the index fell 7% in the period. Pushing the decline was the refinance index , which dipped by 10% from the previous week to its lowest level in three months.

Mortgage 433

Mortgage Contracts Government 433

Appraisal Buzz

OCTOBER 6, 2021

To help improve marketing performance for mortgage lenders’ wholesale divisions, Black Knight Inc. has launched a new broker portal and a smart broker assignment capability within Surefire, its customer relationship management (CRM) and marketing automation software. From individuals to enterprise lenders, Surefire helps thousands of mortgage professionals win customers, earn repeat business and gain referrals.

Tools 195

Tools Mortgage Business Appraisal 195

Housing Wire

OCTOBER 6, 2021

An amended S-4 filed by Aurora Acquisition Corp. with the Securities and Exchange Commission last week gave the mortgage industry a glimpse into how its partner Better.com fared in the second quarter. And it wasn’t great. The digital mortgage lender, which plans to go public via a special purpose acquisition company (SPAC), reported a net loss of $86 million in the second quarter.

Insurance 407

Insurance Investors Real Estate Loan Officers 407

Appraisal Buzz

OCTOBER 6, 2021

Mortgage applications declined by the largest margin in three months during the week ended October 1. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage application volume, decreased 6.9 percent on a seasonally adjusted basis from one week earlier. It was the biggest decline since an identical loss during the week ended June 25.

Mortgage 195

Mortgage Appraisal Marketing 195

Appraisal Buzz

OCTOBER 6, 2021

More often than not, the scourge of a wildfire does not end when the flames are extinguished, and the consequences of losing your home can last for years. According to a new study by Redfin, in the three years following a fire, home prices only rose by 21% on average while homes outside of the wildfire area grow by 33%. According … The post Where Wildfires Burn, All Cash Buyers Soon Follow appeared first on DSNews.

Buyers 195

Buyers Appraisal 195

Housing Wire

OCTOBER 6, 2021

The Consumer Financial Protection Bureau’s ( CFPB ) fifth biennial report to Congress on the consumer credit card market was released last week, highlighting an upwards trend in adoption of financial technology. The CFPB found digital engagement – whether reflected in enrollment in online portals, enrollment in mobile apps, opt-in rates to e-statements over paper equivalents or electronic payment of credit card bills – is growing consistently across all age groups and on nearly every platf

Tools 292

Tools Technology Lending Finance 292

Appraisal Buzz

OCTOBER 6, 2021

Wells Fargo N.A, is making it easier for low-income residents in Houston to save up for a down payment by offering $15,000 down payment assistance grants to help get prospective buyers into a home. The grants are a part of the NeighborhoodLIFT program and have been funded by a $5 million commitment from Wells Fargo. The program, started in 2012, has been launched 83 … The post Wells Fargo To Assist 300 Homeowners With Down Payments appeared first on theMReport.com.

Buyers 195

Buyers Appraisal 195

Housing Wire

OCTOBER 6, 2021

I have always had what I thought was a pretty good understanding of the real estate and mortgage industry. Growing up I was that kid who begged his parents for the real estate section from our local newspaper on the weekends and even wanted to be an architect before I realized how much math it took (and trust me if anything I learned in my accounting class from college it was that I do not like math).

Real Estate 267

Real Estate Technology Lending Valuation 267

Appraisal Buzz

OCTOBER 6, 2021

As mortgage rates edge above the 3%-mark, borrower incentive to refinance is waning. The post Slight Rise in Rates Force Decline in Mortgage Apps appeared first on theMReport.com. The post Slight Rise in Rates Force Decline in Mortgage Apps appeared first on Appraisal Buzz.

Mortgage 195

Mortgage Appraisal 195

Housing Wire

OCTOBER 6, 2021

In 2020, non-QM experienced a liquidity crunch, while agency lending experienced record volumes and heavy margins within that volume. Now, with the refi boom falling off and the margin compression happening to lenders nationwide, lenders are looking at non-QM to help fill in those gaps. Non-QM is helping lenders capture more volume, keep their staff busy and generate a higher margin on loan production.

Lending 265

Lending Loan Officers Business Marketing 265

Appraisal Buzz

OCTOBER 6, 2021

Mark Atencio of Lyons McCloskey said, “The industry has been anticipating the arrival of a thorough and objective standard audit of their law firm partners, and through years of work with multiple servicers, that product is now available.” The post Lyons McCloskey Partners With Catalyst Business Services appeared first on DSNews. The post Lyons McCloskey Partners With Catalyst Business Services appeared first on Appraisal Buzz.

Business 195

Business Law Appraisal 195

George Dell

OCTOBER 6, 2021

Fannie Mae’s Director of Collateral Policy, Lyle Radke, spoke at the Housing Wire conference this week. The audience was mostly non-appraisers. They laughed when he said: “Appraisers see their job as an art form. It’s hard for them to rigorously explain exactly what they’re doing.” For the record, what we do at Valuemetrics.info is exactly […].

Appraisal 195

Appraisal 195

Appraisal Buzz

OCTOBER 6, 2021

Millennials typically forge their own path in life, bucking the trends and norms of their parents—and now that they are in the prime home-buying time of their lives, their views on home equity have also changed. According to a new survey, millennials, now in the 25-40-year-old age range, have a much different idea of what home equity should be used … The post Millennials more likely to use home equity on luxuries appeared first on DSNews.

Appraisal 195

Appraisal 195

GoForrmz

OCTOBER 6, 2021

Utilize new, innovative technology to bolster your real estate initiatives and workflows Digital transformation has become more prevalent than ever before. Many industries have been forced to make technological advancements to keep pace with the rapid pace of modernization – one of which being the real estate industry. PropTech (Property Technology) has become the new industry buzzword that has highlighted innovative solutions and technology to further advance and modernize the way you research,

Tenants 158

Tenants Property Management Modernization Technology 158

Appraisal Buzz

OCTOBER 6, 2021

Millennials typically forge their own path in life, bucking the trends and norms of their parents—and now that they are in the prime home-buying time of their lives, their views on home equity have also changed. According to a new survey, millennials, now in the 25-40-year-old age range, have a much different idea of what home equity should be used … The post How do millennials use home equity?

Appraisal 195

Appraisal 195

Eyes on Housing

OCTOBER 6, 2021

Homeownership continues to be a primary driver of household wealth, according to the 2019 Survey of Consumer Finances (SCF). Though homeownership rates increase with age, young households, those under the age of 35, experienced the largest gains for homeownership in 2019. Additionally, the share of young households with home mortgage debt and auto loans increased, while share with education loans.

Mortgage 135

Mortgage Finance 135

Appraisal Buzz

OCTOBER 6, 2021

Snapdocs Inc. ’s Snapdocs eMortgage Quickstart Program empowers lenders to more readily adopt eMortgages, or mortgages with electronic promissory notes (eNotes), by providing them with turnkey technology combined with expert eMortgage implementation and change management support. As part of its continued efforts to promote eMortgage adoption, Freddie Mac will work with Snapdocs to help lenders with their digital implementation and delivery efforts.

Mortgage 195

Mortgage Technology Appraisal 195

McKissock

OCTOBER 6, 2021

It seems like it was just yesterday when people were downsizing their homes, gravitating towards properties with public communal spaces, and fawning over open floor plans. But today? The pandemic has changed all of that. Not only are more people relocating to larger, more remote homes outside of big cities, they’re also redesigning the inside of those homes to better align with their not-quite-lockdown, not-quite-post-pandemic lifestyle.

Design 85

Design Open Houses Decorating Real Estate Agent 85

Appraisal Buzz

OCTOBER 6, 2021

Mortgage applications have decreased 6.9% from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending October 1, 2021. The Market Composite Index, a measure of mortgage loan application volume, decreased 6.9% on a seasonally adjusted basis from one week earlier.

Mortgage 195

Mortgage Appraisal Marketing 195

BiggerPockets

OCTOBER 6, 2021

It’s not uncommon for investors to start out by buying properties in their home markets. It makes things like neighborhood research, rehabs, and tenant showings so much easier when you’re […].

Tenants 76

Tenants Investing Investors Marketing 76

Appraisal Buzz

OCTOBER 6, 2021

New Rule prohibits the eviction of tenants facing eviction for non-payment of rent from HUD-subsidized public housing and properties with project-based rental assistance in the event of a national emergency.3. The post HUD Issues New Protections to Tenants Facing COVID-Related Eviction appeared first on DSNews. The post HUD Issues New Protections to Tenants Facing COVID-Related Eviction appeared first on Appraisal Buzz.

Tenants 150

Tenants Appraisal 150

Valuation Review

OCTOBER 6, 2021

Black Knight, Inc. recently released its latest Originations Market Monitor report, looking at mortgage origination data through August 2021. Leveraging daily rate lock data from Black Knight’s Optimal Blue PPE, the Originations Market Monitor provides the industry’s earliest and most comprehensive view of origination activity.

Marketing 60

Marketing Mortgage 60

Appraisal Buzz

OCTOBER 6, 2021

HUD continues to work to rush aid to renters and landlords, issuing a new pandemic-related Rule to support families in need and are at-risk of eviction. The post Latest Biden Administration Measure Provides Relief for At-Risk Tenants appeared first on theMReport.com. The post Latest Biden Administration Measure Provides Relief for At-Risk Tenants appeared first on Appraisal Buzz.

Tenants 195

Tenants Landlords Appraisal 195

Valuation Review

OCTOBER 6, 2021

Accurate Group, a leading provider of technology-driven real estate appraisal, title data, analytics, and e-closing solutions, announced Tony Pistilli will join the company as director of valuation operations and chief appraiser. Pistilli will join the company’s leadership team and report to Steve Baczkowski, the company ‘chief operating officer.

Appraisal 60

Appraisal Valuation Real Estate Technology 60

Appraisal Buzz

OCTOBER 6, 2021

For the third straight year, mortgage loan servicer is honored for its strong leadership and its emphasis on diversity, equity, and inclusion. The post Mr. Cooper Group Recognized as a Great Place to Work appeared first on DSNews. The post Mr. Cooper Group Recognized as a Great Place to Work appeared first on Appraisal Buzz.

Appraisal 195

Appraisal Mortgage 195

Valuation Review

OCTOBER 6, 2021

CoreLogic released its monthly Loan Performance Insights Report for June. CoreLogic President & CEO Frank Martell said “providing resources to homeowners experiencing distress to help educate them on available government and private-sector support will aide in shrinking delinquency and foreclosure rates even more over the remainder of this year.

Government 60

Government 60

Lamacchia Realty

OCTOBER 6, 2021

KNOB AND TUBE WIRING. Homes in the U.S. built from around 1880 to the 1950s often still have knob and tube electrical wiring. This is where electrical wires anchored by ceramic insulating knobs pass through ceramic tubes placed inside holes drilled into the wooden joists of the house. Should You Buy a House with Knob and Tube Wiring? Many home buyers ask us what their options are if they want to buy a house with knob and tube wiring.

Insurance 70

Insurance Inspection Buyers Modernization 70

Valuation Review

OCTOBER 6, 2021

Intelica Commercial Real Estate, a St. Louis-based firm known for its brokerage and property management services, has acquired a Denver company. The company recently acquired James Real Estate Services, a commercial real estate advisory firm that has been based in Denver since 1982. Read on for more news about this acquisition.

Real Estate 78

Real Estate Property Management Brokerage 78

Lamacchia Realty

OCTOBER 6, 2021

As of October 1 st , 2021, Lamacchia Realty has officially opened a new office in Braintree ! While Lamacchia has been serving clients in and around the South Shore for several years, the brokerage is thrilled to finally be serving the Braintree community and extend their business further into the South Shore. The opening of a Braintree office has been a goal for us for some time now, so we are so happy to finally be able to extend further into the South Shore.

Realty 69

Realty Realtors Agents Clients 69

Valuation Review

OCTOBER 6, 2021

JLL Valuation Advisory has hired structured finance specialist John Oates to join its Renewable Energy Valuation team. Oates assumes the position of managing director.

Valuation 60

Valuation Finance 60

Lamacchia Realty

OCTOBER 6, 2021

Lamacchia Realty, Inc. has released their “Top Producing Agents,” for September 2021! This program recognizes Lamacchia Realty agents with the Top 10 agents by company and Top 3 or 5 agents by office with the highest transaction numbers or sales for the month! September 2021 Winners of the Top 10 for the Company are: Eileen Doherty grew up in Woburn and resides in the area to this day.

Realty 69

Realty Agents Realtors Real Estate 69

Mortgagebroker News

OCTOBER 6, 2021

The network says it is committed to being an industry leader in terms of employee culture

Mortgage 68

Mortgage 68