Appraisal Buzz
MARCH 30, 2022
Today’s Buzzcast interview is with Scott Reuter, Chief Appraiser of Freddie Mac. We sat down with Scott and Joan Trice, Founder of Allterra Group, LLC to discuss the new Desktop appraisal policies and what that means for the industry. What is new in policy when it comes to desktop appraisals? What does this mean for the appraisal industry? How do these policies impact the individual appraiser?
Housing Wire
MARCH 30, 2022
As rents escalate across the country, housing advocates are right to be concerned about the growing challenge of low-income families finding an affordable place to live. But our national housing policy cannot just be about housing units. Ultimately, it must be about the residents themselves. That is why we believe that the recent introduction by Rep.
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Appraisal Buzz
MARCH 30, 2022
Gateless , a AI technology solutions company for the mortgage industry, has hired Joe Langner as its first president to drive the development and adoption of its technology. The company’s suite of AI mortgage technology is designed to accelerate the loan origination process, which can save lenders more than 10 days from application to full approval. “Joe’s impressive reputation for building high-performing tech companies makes him a perfect fit for our growing team,” stat
Housing Wire
MARCH 30, 2022
The title insurance space isn’t generally known for placing outsized bets on technology. But for First American, its shrewd investments in rising proptech companies are a core business strategy. As of Sept. 30, First American had deployed $292 million into 16 different venture-backed proptech companies, including Offerpad , Orchard , Roofstock , Side and Pacaso.
Appraisal Buzz
MARCH 30, 2022
Buying a home and sticking to it is becoming a way of the past as more and more members of the Millennial generation and Generation Z who a currently living in a home are planning to move in the next 12 months. This information comes by way of a new survey commissioned by Coldwell Banker … The post Many Gen Zers, Millennials to Sell in Next Year appeared first on DSNews.
Housing Wire
MARCH 30, 2022
Interest in residential mortgage loans fell 6.8% for the week ending March 25 as rates jump even closer to the 5% mark, according to the Mortgage Bankers Association ‘s latest survey. Few borrowers these days have an incentive to refinance their mortgage. According to the MBA, refi applications fell 15% from the prior week and 60% from a year ago. Meanwhile, the seasonally adjusted purchase index increased 0.64% from one week earlier, showing resilience while rates climb, but was still down 10
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George Dell
MARCH 30, 2022
Bias is a much used and misused word. Variance too has more than one meaning. Words rule. Words trigger our thoughts, our feelings, and our opinions. Bias itself can mean different things. It can mean different things to different people. And it can mean different things to the same person, depending on context. Bias can […]. The post Bias or Variance: Which is Better?
Appraisal Buzz
MARCH 30, 2022
Eleven Senators call upon HUD and CFPB after a report suggested that Black and Hispanic borrowers were less likely to be approved for refis. The post Amid Racial Disparities, Sens Call for Review of Wells Fargo’s Refi Processes appeared first on DSNews. The post Amid Racial Disparities, Sens Call for Review of Wells Fargo’s Refi Processes appeared first on Appraisal Buzz.
Eyes on Housing
MARCH 30, 2022
Among first-time buyers, both a shower stall and tub in the primary bath ranked as the most popular of the 18 bathroom features listed in the NAHB study, What Home Buyers Really Want, 2021 Edition. The study asked first-time, as well as repeat, home buyers to rate the kitchen features on the following, four-tier scale (which emphasizes how a feature.
Appraisal Buzz
MARCH 30, 2022
In all 100 markets surveyed by researchers at Florida Atlantic University (FAU) and Florida International University (FIU), buyers continue to pay higher premiums – that’s the difference between where home prices should be based on historical trends and where they are now. When mortgage rates rise, home prices tend to level off or decline because fewer people can afford to buy.
Appraiserblogs
MARCH 30, 2022
More great research from AEI. This is an analysis of Freddie Mac’s misleading and basically defamatory paper on Appraisal Gap. When government related entities release misleading information like this they are attacking and defaming real estate appraisers. The hate real estate appraisers have received because of this paper and Andre Perry’s paper is relentless.
Appraisal Buzz
MARCH 30, 2022
The U.S. median home sale price surged 7% during the four-week period ending March 13, according to a new report from Redfin—the largest month-over-month increase on record in Redfin’s data. With mortgage rates also on the rise, the typical homebuyer’s monthly payment reached a new high of $2,123, which on average, is more than $530 … The post Median Sale, Asking Price Experience Double-Digit Increase appeared first on DSNews.
DW Slater Company
MARCH 30, 2022
Tornado Damage in Jacksboro, TX- Volunteers cleaning up 4 days after an EF-3 Tornado hit. On Monday, March 21st a tornado outbreak occurred in several parts of North Texas. One of the worst was the EF-3 tornado that hit the town of Jacksboro. An EF-3 rating means that winds gusted between 136-165 mph. The tornado left a clear path right through the town of Jacksboro and damaged many buildings including the high school and elementary school, with the high school sustaining the most damage.
GoForrmz
MARCH 30, 2022
Simplify the rental application process with electronic signature fields To find the right tenant for your rental property, you need to be able to seamlessly collect a variety of forms. Paper forms often lead to messy, disorganized, and even incomplete applications. This can be a significant administrative burden for your team, resulting in disgruntled and unhappy employees.
Clear Capital
MARCH 30, 2022
Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. RENO, Nev. — March 30, 2022 —. Clear Capital ® , a national real estate valuation technology company, has announced the launch of Desktop Appraisal and Desktop Data Collection , two products designed to further modernize and increase certainty in the appraisal process.
Mashvisor
MARCH 30, 2022
Gen Z renters seem to be moving to areas that are primarily attractive tourist destinations. What cities are experiencing the boost in 2022?
BiggerPockets
MARCH 30, 2022
“Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there […].
Mashvisor
MARCH 30, 2022
If you’re looking for real estate software to help you with investing, Roofstock reviews can help you make a smart decision.
BiggerPockets
MARCH 30, 2022
Stacey Stegenga wasn’t always a landlord, she was a nurse. But not just any nurse, Stacey was a flight nurse, helping transport military patients across the US. When she stepped […].
Mortgagebroker News
MARCH 30, 2022
Too many increases too soon could harm the Canadian financial system in the long run, observers warn
Mashvisor
MARCH 30, 2022
Are Tennessee’s low property taxes a good enough reason for investors to explore the opportunities of Airbnb Nashville with greater interest?
Mortgagebroker News
MARCH 30, 2022
The group achieved a new high in funded volumes over the course of the year
Mashvisor
MARCH 30, 2022
It’s well known that rental properties can be an excellent investment opportunity, especially in the U.S. market.
Mortgagebroker News
MARCH 30, 2022
Approximately 26,000 investors are expected to lose as much as $1 billion in total
Appraisal Buzz
MARCH 30, 2022
Americans have a lot invested in residential real estate, about $12 Trillion by way of traditional first mortgages on single-family homes. While that number may be shocking, 70% of that debt has been financed by four government agencies Freddie Mac and Fannie Mae (GSEs), the Federal Housing Administration (FHA) and the Department of Veterans Affairs … The post A Modest Suggestion for a New Era appeared first on DSNews.
Mortgagebroker News
MARCH 30, 2022
The agreement should see Prime Minister Justin Trudeau remain in power until at least 2025
Mortgagebroker News
MARCH 30, 2022
Authorities have yet to exhaust the well when it comes to addressing the housing crisis
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