Housing Wire
MAY 6, 2022
Two significant things happened on Friday: the Bureau of Labor Statistics reported that the U.S. created 428,000 jobs in April, and I had to raise another recession red flag. First, let’s look at the jobs picture. string of positive job revisions we’ve seen this year ended with a negative 39,000 print; however, the job report was solid and continued the trend of good reports in 2022.
Cleveland Appraisal Blog
MAY 6, 2022
Howdy friends! I hope that you’re doing well! I have a special post from a first-time guest blogger, Betty White. If you’re a senior and considering moving, this article offers some tips that may make things a little easier. I hope that you enjoy her article! Essential Home Moving Tips for Seniors. Are you newly retired or nearing retirement?
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Housing Wire
MAY 6, 2022
Add Guild Mortgage to the list of lenders with profitability propelled by the servicing portfolio in the first quarter — a trend that will continue in the coming months, as pressure on origination margins will remain, executives believe. The California-based nonbank mortgage lender reported a $208 million net income from January to March, an increase of 393% quarter over quarter and 29% year over year. “Origination volumes and gain on sale margins were compressed compared to prior quarters
Appraisal Buzz
MAY 6, 2022
Staircase has launched three tools to facilitate the transfer of mortgage servicing rights (MSR) between mortgage lenders, servicers and investors. These tools are part of Staircase’s low-code marketplace, which automates complex technologies and makes them self-service for the U.S. residential mortgage industry. The rise in interest rates has prompted high demand and increased trading volumes for MSRs, which increase in value as rates go up.
Housing Wire
MAY 6, 2022
Despite rising interest rates and fears of an economic downturn , job growth in the U.S. had another strong month in April. The U.S. jobs report , released Friday, showed that a total of 428,000 nonfarm payroll jobs were added in April. In addition, employment in the construction industry is now 21,000 jobs above its pre-pandemic level after the sector added 2,000 jobs.
Appraisal Buzz
MAY 6, 2022
Owning a home is seen as a sign of success and financial stability, and while Asian people in the U.S. tend to have higher educational attainment and household income than any other racial and ethnical groups; their homeownership rate at nearly 60% remains lower than the national rate of 65.5%, and the white community rate … The post Asian American Millennials Outpace Other Generations appeared first on DSNews.
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Appraisal Buzz
MAY 6, 2022
Mortgage subservicer and wholesale bank names seven to new roles within the firm, bolstering the firm’s footprint in the servicing market. The post Cenlar Promotes Seven to VP Roles appeared first on DSNews. The post Cenlar Promotes Seven to VP Roles appeared first on Appraisal Buzz.
Housing Wire
MAY 6, 2022
California-based nonbank mortgage lender Pennymac Financial Services ’ net income dropped more than 50% in the first quarter from the same period in 2021, driven by lower profits from its production segment due to surging mortgage rates and a shrinking origination market. However, the company still reported a pretax net income of $234.5 million in the first quarter, essentially unchanged from the prior quarter.
Appraisal Buzz
MAY 6, 2022
On April 19, the Five Star Institute presented its latest webinar discussing the benefits of sub-servicing, how to navigate and ensure compliance with government regulations, and on how to maximize ROI for all parties. The free-to-attend webinar was sponsored by Selene Finance, a specialty loan servicer, offering full-service capabilities supporting all aspects of residential mortgage servicing. … The post Recap: Selene Finance Webinar appeared first on DSNews.
Housing Wire
MAY 6, 2022
In an effort to counter margin compression and satisfy a new generation of homebuyers, lenders are looking to offer loan options that better fit the average borrower. HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market. HousingWire: In today’s tight market, margin compression is impacting countless mortgage companies.
Appraisal Buzz
MAY 6, 2022
In a move to increase equitable housing for all qualified borrowers, lenders will be able to better assist and counsel their clients during the home buying process. The post FHFA Announces Mandatory Use of the Supplemental Consumer Information Form appeared first on DSNews. The post FHFA Announces Mandatory Use of the Supplemental Consumer Information Form appeared first on Appraisal Buzz.
Eyes on Housing
MAY 6, 2022
Total nonfarm payroll employment increased by 428,000 in April, and the unemployment rate was unchanged at 3.6%. The April’s data indicate that the labor market remained healthy despite surging inflation, tighter financial conditions, and the war in Ukraine. Construction industry employment (both residential and non-residential) totaled 7.6 million and has returned to its February 2020 level.
Appraiserblogs
MAY 6, 2022
Several appraisers have informed us that they have received death threats simply because they have been outspoken online refuting the racial bias narrative and the allegations of racial discrimination in the appraisal profession that is being utilized to remove appraisers from the lending equation. Since we have no organized voice and no one to defend us, some among us have taken the task to educate the public about the appraisal process and what we do.
McKissock
MAY 6, 2022
New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. It requires more work, so you want to be sure that you are charging for your effort. However, perhaps more than that, you want to be sure you’re following the proper protocol.
Mashvisor
MAY 6, 2022
How does Vacasa measure as a vacation rental platform? Is it a good option for short-term rental owners? Table of Contents What Is Vacasa? How Much Does Vacasa Charge?
Lamacchia Realty
MAY 6, 2022
CAN A SHED ADD PROPERTY VALUE? Sheds can serve many different purposes. It can be a place to store lawn supplies and gardening tools, or it can be made into a room for a workshop, art studio, music room, etc. No matter what it ends up being used for, having a shed can increase the value of your home. Some people are even more attracted to a home because it has a shed!
Mashvisor
MAY 6, 2022
Investors have a key goal of securing a high passive income from their properties. Here’s how a rental property depreciation calculator can help.
BiggerPockets
MAY 6, 2022
At 19 years old, Cody Davis purchased his first rental property. Before turning 22, his portfolio included 81 units. In an interview with David Greene and Henry Washington on the BiggerPockets […].
Mashvisor
MAY 6, 2022
For many Americans, housing is the most expensive cost. It may be a prudent thing to do for everyone to brace for a housing inflation storm.
BiggerPockets
MAY 6, 2022
Stock market crashes aren’t common, but when they happen, they often catch you by surprise. Thankfully, we’re not in the middle of a stock market crash, but this current correction […].
Mortgagebroker News
MAY 6, 2022
"From colleagues to clients to brokers, it's the organization's guiding principle", said Eric Larocque
Eppraisal
MAY 6, 2022
Nowadays, new construction homes are being built year-round. Even in the coldest of winters and in snowy or wet conditions, contractors are at home sites building away. As Spring is in full swing around the country, new construction landscaping has begun for those who've moved into homes during the winter months. As each builder is different when it comes to landscaping their new construction homes, be sure to discuss what is offered as well as your expectations.
Mortgagebroker News
MAY 6, 2022
Crown corporation's offerings helped Canadians purchase more than 73,000 housing units nationwide last year
Housing Wire
MAY 6, 2022
A ruling late last year by a U.S. District Court judge in Wilmington, Delaware, put the structured-finance industry on high alert because of the serious legal and financial implications it poses for the private-label securities (PLS) market. The fate of the litigation is now in the hands of the U.S. Court of Appeals for the Third District , however.
Mortgagebroker News
MAY 6, 2022
Some green shoots are appearing, although difficult times are likely still ahead
Mortgagebroker News
MAY 6, 2022
Some markets saw their most significant declines in activity in recent years
Mortgagebroker News
MAY 6, 2022
Construction of new housing complex is scheduled for completion by fall 2022
Mortgagebroker News
MAY 6, 2022
Labour cost growth proves to be a major driver of the trend
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