Housing Wire
DECEMBER 3, 2021
Today, the Bureau of Labor Statistics reported 210,000 jobs were created in November — a miss from estimates. They also reported 82,000 in positive revisions to the previous jobs report. The unemployment rate is currently at 4.2%. For men and women age 20 and over, it stands at 4.0%. Job reports can be wild, and we often have two to three reports per year that miss estimates badly.
Appraisal Buzz
DECEMBER 3, 2021
In next week’s “Reflections and Projections” webinar, Rick Sharga and Ed Delgado will look back on 2021 and discuss how the industry must conform to changes in compliance, the marketplace, and the needs of customers to properly prepare for the coming year. The post The Week Ahead: Forecasting Mortgage Industry Trends for 2022 appeared first on DSNews.
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Housing Wire
DECEMBER 3, 2021
Following a strong showing in October , a somewhat disappointing U.S. jobs report released Friday shows that 210,000 non-farm jobs were added in November, bringing the unemployment rate down to 4.2%. While this is a 0.4% decrease in unemployment, the rate is still above the 3.5% unemployment rate recorded in February 2020, just prior to the Covid-19 pandemic.
Appraisal Buzz
DECEMBER 3, 2021
loanDepot Inc. has closed Mello Mortgage Capital Acceptance 2021-INV4, a $371 million securitization of agency-eligible mortgages secured by residential investment properties, originated through its retail and partner channels. Year-to-date, loanDepot entities have sponsored over $2.8 billion in private-label residential mortgage-backed securities (PLS) across seven transactions.
Housing Wire
DECEMBER 3, 2021
This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. Below, Ramos answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article and why?
Appraisal Buzz
DECEMBER 3, 2021
One economist stated, “Builders in recent months have put the pedal to the metal to get new homes up and meet a rush of demand. The post Building Permits Boom—Will the Market Finally See Inventory Relief? appeared first on theMReport.com. The post Building Permits Boom—Will the Market Finally See Inventory Relief? appeared first on Appraisal Buzz.
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Appraisal Buzz
DECEMBER 3, 2021
An industry report breaks down trends and changes regarding Q3 profitability for Independent mortgage banks and mortgage subsidiaries of chartered banks. Here’s what the report found. The post IMB Data Shows Significant Profit Increases appeared first on DSNews. The post IMB Data Shows Significant Profit Increases appeared first on Appraisal Buzz.
Empire Appraisal Group
DECEMBER 3, 2021
Study: ADUs Can Add 35% to Home’s Value. Accessory dwelling units, also known as granny flats, in-law suites, or garage apartments, have been on the rise since the pandemic. ADUs are growing at a rate of 9% or 100,000 per year, according to a new analysis by Porch.com, a home improvement site. Properties that have one are sought after. In the largest cities, a home with an ADU is priced 35% higher, on average, than a home without one, according to Porch.com. .
Appraisal Buzz
DECEMBER 3, 2021
According to a report, “Net production profit rebounded in the third quarter of 2021 after a drop-off in the second quarter, but was down more than half from the record profit one year ago.” The post Production Profits Increase for IMBs in Late 2021 appeared first on theMReport.com. The post Production Profits Increase for IMBs in Late 2021 appeared first on Appraisal Buzz.
BiggerPockets
DECEMBER 3, 2021
If you’re wondering how to buy your first rental property, there is arguably no better place on the internet to learn than BiggerPockets. Ashley Kehr should know, she tripled her […].
Appraisal Buzz
DECEMBER 3, 2021
Several developments are converging on the global economy and financial markets at the moment. Each brings its own causes for concern. Together, they bring a significant increase in volatility. Should we be worried about Omicron? Answering such questions is beyond the scope of this newsletter. What we can say is that the financial market is clearly asking itself this question and the effects are obvious.
Lamacchia Realty
DECEMBER 3, 2021
5 MOST COMMON MYTHS ABOUT PRICING A HOME. Don’t be misled. Pricing a home high will not necessarily get you the highest price and when a home does not sell quickly, the price is likely the first thing that should be reevaluated. The most common reason a home won’t sell? Often, it is overpriced. Overpricing is not always a seller’s or REALTOR’s fault.
Appraisal Buzz
DECEMBER 3, 2021
All signs point to a house building boom as the number of building permits that were created this summer reached 1.69 million, well above the 1.5 million mark at which Zillow says indicates a boom. The number of building permits are issued gives the market an idea of how new home construction is coming along, and currently, the momentum that home builders are operating at … The post Building Permits Boom appeared first on theMReport.com.
Lamacchia Realty
DECEMBER 3, 2021
At the annual REALTOR® Association of Central Massachusetts (RACM) Installation of Officers, REALTOR® Kathy McSweeney was officially sworn in as President of the Association for the 2022 year and Anthony Lamacchia, Broker/Owner, had the opportunity to swear her in to this exciting new role! Kathy joined Lamacchia Realty in 2020 and with over 20 years of experience in the industry, coupled with her immense passion and dedication to supporting the local REALTOR® community, there is no one more fit
Appraisal Buzz
DECEMBER 3, 2021
VantageScore Solutions, a company that produces consumer credit scoring models, has found that 1-in-3 people in disadvantaged areas may not be able to obtain a credit score from a traditional credit bureau, but these people, whom number in the tens of millions, may be scoreable under more modern systems with inclusive methodologies. The new internal research focuses on “the … The post 37M Do Not Qualify for a Credit Score appeared first on DSNews.
Quicken Loans
DECEMBER 3, 2021
A VA loan is one of the most widely used benefits available to veterans and military service members. However, just because it’s popular doesn’t mean many service members understand how this exclusive benefit works. VA Loan FAQs. Below, we’ve assembled some of the most frequently asked VA loan questions to help you understand your benefits. What are the advantages of a VA loan?
Appraisal Buzz
DECEMBER 3, 2021
Non-QM lender Deephaven Mortgage today announced that Timothy (Tim) Fisher has joined the company as Vice President, Business Development. Based in Dallas, he is charged with growing Deephaven’s correspondent book of business in Texas and surrounding states. Fisher brings more than 20 years of leadership and management experience in mortgage banking to his new role, including at SG Capital Partners, where he helped … The post Timothy Fisher Joins Deephaven as VP of Business Development ap
Mashvisor
DECEMBER 3, 2021
You can win your guests’ hearts by the time they check-in by writing them an Airbnb welcome letter. This guide will show you how to write one.
Appraisal Buzz
DECEMBER 3, 2021
In next week’s “Reflections and Projections” webinar, Rick Sharga and Ed Delgado will look back on 2021 and discuss how the industry must conform to changes in compliance, the marketplace, and the needs of customers to properly prepare for the coming year. The post The Week Ahead: Forecasting Mortgage Industry Trends for 2022 appeared first on DSNews.
Mashvisor
DECEMBER 3, 2021
Subordination in finance, banking, or real estate refers to the order of priorities and claims that have to do with either ownership or assets.
Appraisal Buzz
DECEMBER 3, 2021
Overall loan activity decreased 8%, marking the second consecutive decrease according to Q3 data obtained from ATTOM. The post Mortgage Lending Experiences Quarterly Decline appeared first on theMReport.com. The post Mortgage Lending Experiences Quarterly Decline appeared first on Appraisal Buzz.
Mashvisor
DECEMBER 3, 2021
As home prices increase in California, so does rental demand. Learn how buying a duplex for sale in Los Angeles can boost your portfolio.
Appraisal Buzz
DECEMBER 3, 2021
Mortgage lending has dropped in the second and third quarters of 2021, with finance mortgages dropping 13% and purchase loans off 2% for the first time this century. According to ATTOM’s Q3 2021 U.S. Residential Property Mortgage Origination Report, 3.59 million mortgages secured by residential properties were developed in Q3. Those figures were up 3% … The post Q3 2021 Report: Examining Mortgage Trends appeared first on DSNews.
Mortgagebroker News
DECEMBER 3, 2021
The Crown corporation is expected to deploy new approaches to housing affordability in the near future
Appraisal Buzz
DECEMBER 3, 2021
Mr. Cooper Group Inc. has completed the sale of its reverse mortgage servicing portfolio, operating under the Champion Mortgage brand, to Mortgage Assets Management LLC and its affiliates. “We’re pleased to complete this sale, which allows us to continue on our path of rationalizing and simplifying the business model, in order to focus on the attractive growth opportunities in our core mortgage servicing and originations segments,” says Jay Bray, chairman and CEO of Mr.
Mortgagebroker News
DECEMBER 3, 2021
The sector has boomed in recent years – and could be set for further dramatic growth in the future
Appraisal Buzz
DECEMBER 3, 2021
As extreme weather becomes the norm, home insurance may become increasingly unaffordable—or simply unattainable for homeowners in some regions. The post The Home Insurance Forecast appeared first on DSNews. The post The Home Insurance Forecast appeared first on Appraisal Buzz.
Mortgagebroker News
DECEMBER 3, 2021
This is despite home sales slowing down during the second quarter
Appraisal Buzz
DECEMBER 3, 2021
Will 2022 prove to be a banner year for mortgage? Experts from Cherry Creek, Churchill, Homespire, and more forecast the trends and challenges facing the industry as a new year dawns. The post Climbing to New Heights appeared first on theMReport.com. The post Climbing to New Heights appeared first on Appraisal Buzz.
Mortgagebroker News
DECEMBER 3, 2021
She brings more than 25 years of experience in capital markets and corporate finance
San Jose Real Estate
DECEMBER 3, 2021
What is needed regarding real estate when a loved one dies?
Mortgagebroker News
DECEMBER 3, 2021
The bank reports strong and consistent financial performance
Appraisal Buzz
DECEMBER 3, 2021
The Interagency Task Force on Property Appraisal and Valuation Equity (commonly known by the acronym PAVE) was created in June 2021 by President Biden, and consists of representatives of numerous federal government agencies, including the Department of Housing and Urban Development (HUD), Department of Veterans Affairs (VA), Federal Deposit Insurance Corporation (FDIC), Board of Governors of the Federal Reserve System (FRB), National Credit Union Administration (NCUA), Office of the Comptroller
Mortgagebroker News
DECEMBER 3, 2021
MIC's net income spikes
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