Mon.May 16, 2022

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An open letter to sellers about today’s housing market

Sacramento Appraisal Blog

Dear Sellers, How are things? I hope all is well. It’s been such a crazy market, but things are starting to change. So, let’s chat. This is coming from a good place, and it’s based on observations and what I’m hearing from real estate professionals. WEBINAR ON THURSDAY: On May 19th at 10am I’ll be […].

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Forbearance rate drops below 1%, lowest level since June 2020

Housing Wire

Servicers’ forbearance portfolio volume dropped in April to a level below 1%, with fewer than half a million borrowers remaining with an active plan, according to the monthly Loan Monitoring Survey conducted by the Mortgage Bankers Association (MBA). That’s good news after the economic impacts of the Covid-19 pandemic hit borrowers hard, making it difficult for Americans to pay their mortgages.

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The Mirage, Volcanoes, and the Strip!

Appraisal Buzz

In today’s Buzzcast, the Allterra Group gives you all of the details for the upcoming conference -Valuation Expo! Valuation Expo will be hosted at the Mirage Hotel, September 7-9! Save 50% ($450) on your General Session Pass when you become an Appraisal Buzz Premium Plus Member by May 18th! Check out all of the new sessions with leaders in the industry, earn your CE, renew your USPAP , and network with hundreds of attendees all while exploring all that Vegas has to offer!

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Wire fraud prevention fintech CertifID raises $12.5M in Series A funding

Housing Wire

CertifID , a fintech focused on preventing wire fraud in residential real estate transactions, announced Monday it received $12.5 million in a Series A funding round led by Arthur Ventures. The cash injection will be used by the Michigan-based company to build out its platform and to bolster staffing levels. Specifically, the funds will be used to launch a solution to help prevent fraud in mortgage payoffs and to hire additional talent to join the company’s fraud recovery services team, said Tyl

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Real Estate and the Blockchain: Is it possible?

Appraisal Buzz

In a new blog post, Ryan Jackson, Director of the Fannie Mae Enterprise Innovation Team, discusses the blockchain as it relates to the mortgage industry today. According to IBM, blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a … The post Real Estate and the Blockchain: Is it possible?

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Polly teams up with mortgage insurance providers to streamline service

Housing Wire

Polly , a software-as-service mortgage technology firm that operates a loan-trading platform, integrated with six mortgage insurance providers to streamline the mortgage process for loan officers and mortgage lenders. . The San Francisco-based fintech will embed quoting capabilities of Arch MI , Enact , Essent , MGIC , National MI and Radian to Polly’s product and pricing engine to streamline the process of calculating, quoting and comparing mortgage insurance offerings across all providers, th

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Is investor appetite for non-QM changing?

Housing Wire

In 2022’s changing market, non-QM has been a hot topic for many. HousingWire recently caught up with Steven Schwalb, managing partner of Angel Oak Lending, about the changes investor appetite has gone though for non-QM. HousingWire: What is the investor appetite for non-QM and how has that changed over the past few years? Steven Schwalb: The investor appetite continues to be strong even in today’s volatile market.

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Homes Selling Nearly 60% Above List Price Nationwide

Appraisal Buzz

According to a new report from Redfin, the typical home for sale found a buyer in just 15 days —the fastest pace on record— during the four-week period ending May 8. Pending sales fell 6%, the largest year-over-year decline since June 2020 when the initial pandemic shock to the housing market was gradually wearing off. … The post Homes Selling Nearly 60% Above List Price Nationwide appeared first on DSNews.

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A guide to choosing the right non-QM lending partner

Housing Wire

The conditions in today’s market have pushed non-QM to the forefront. Borrowers need it more than ever to qualify for a home loan. Originators need it as a source of opportunity not found in another part of the mortgage sector. Non-QM is gaining speed in the market while agency is shrinking. Agency guidelines for condos are tighter deeming more non-warrantable.

Lending 360
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Appraisal Logistics Taps Elizabeth Green as Chief Strategy Officer

Appraisal Buzz

Elizabeth Green has joined Appraisal Logistics , a provider of appraisal management technology and compliance solutions for the residential/commercial mortgage industry, as chief strategy officer. Green is an industry veteran and collateral valuation expert who has served the mortgage industry for 30 years. Previously, she served as chief data and product solutions officer for LoanLogics.

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How to Destroy the Appraisal Profession

Appraiserblogs

Anytime the government gets involved in an issue, it tends to have more adverse effects than positive ones. It makes things worse when they only have their plan in mind and NOT the FACTS from the people they are about to hurt. This is especially true in the Real Estate Appraisal profession and the newly introduced H.R. Bill entitled: Fair Appraisal and Inequity Reform Act of 2022.

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Guild Mortgage’s CashPass Program Enables Homebuyers to Make Cash Offers

Appraisal Buzz

Guild Mortgage has introduced CashPass, a new program to help homebuyers compete with all-cash offers in this competitive housing market. The program allows homebuyers to write a cash offer with no financing or appraisal contingency required. “With less inventory, sellers are getting multiple strong offers and we want to help our clients compete and win,” says Mary Ann McGarry, CEO of Guild Mortgage.

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ProTip: Dynamically Generate Additional Image Fields

GoForrmz

Dynamically enhance your digital forms with Calculations that automatically populate additional form fields to gather thorough form data Did you know you can leverage Calculations to automatically generate additional Image fields as soon as they are needed? This functionality can be used to guide user entry, simplify form completion processes, further enhance data integrity, and much more!

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Six Providers Integrate Polly’s Streamlining Mortgage Insurance Technology

Appraisal Buzz

Polly , a provider of SaaS technology for the mortgage capital markets space, has been integrated by six primary mortgage insurance (MI) providers: Arch MI, Enact, Essent, MGIC, National MI and Radian. By embedding each MI company’s quoting capabilities into its Product and Pricing Engine (PPE), Polly streamlines the process of calculating, quoting and comparing MI offerings across all providers to save time and effort for the loan officer and mortgage lender.

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Warning: The Decline of Real Estate Experts Could Crash the Market

BiggerPockets

The year was 1999. An exclusive group of multi-billionaires gathered in Sun Valley, Idaho, just like they do every year. As usual, no reporters were allowed within miles of their […].

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Biden Administration Releases Federal Plan to Ease Housing Costs, Boost Market

Appraisal Buzz

President Biden has released a Housing Supply Action Plan to ease the burden of housing costs over time by boosting the supply of quality housing in every community. His plan includes legislative and administrative actions that will help close America’s housing supply shortfall in five years, starting with the creation and preservation of hundreds of thousands of affordable housing units in the next three years.

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Should Investors Work With Real Estate Agents Near Me?

Mashvisor

Find real estate agents near me when you need help identifying and evaluating renovation expenditures for a potential investment property. Table of Contents What Is a Real Estate Agent?

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CFPB Report Reflects Mortgage Servicers’ Pandemic Metrics and Responses

Appraisal Buzz

The Consumer Financial Protection Bureau (CFPB) has published a report examining mortgage servicers’ responses to the COVID-19 pandemic. The data, collected across 16 large servicers from May through December 2021, reveal homeowners continue to face significant risks and challenges connected to working with their mortgage servicers. This problem is particularly acute for those borrowers struggling to make their mortgage payments after exiting COVID-19 hardship forbearances.

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How Is Mashvisor’s Mashboard Helping Real Estate Investors?

Mashvisor

As an investor who’s looking for an online resource to help you find out who owns a house, Mashvisor’s Mashboard tool is what you’re looking for.

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BSI Adds Two Seasoned Vets to Drive HR and Investor Reporting

Appraisal Buzz

Sean McGowan tapped to head HR, training and company culture, while Shannon Clay joins BSI to manage investor reporting, reconciliations, and cash management initiatives. The post BSI Adds Two Seasoned Vets to Drive HR and Investor Reporting appeared first on DSNews. The post BSI Adds Two Seasoned Vets to Drive HR and Investor Reporting appeared first on Appraisal Buzz.

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Lamacchia Realty Officially Celebrates Braintree Office Grand Opening

Lamacchia Realty

After opening our Braintree office in the Fall of 2021 , we are so excited to be officially celebrating this exciting milestone with a Grand Opening celebration which happened on Saturday, May 14th! Lamacchia Realty has been serving the South Shore for several years, but we are thrilled to be serving the Braintree community and extend our business further into the South Shore!

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Mortgage Monday – May 9, 2022 | Total Mortgage Blog

Total Motgage

As the mortgage rate environment continues to change, today’s prospective homebuyers should be more vigilant than ever in their search. Let’s cover the latest news in this week’s Mortgage Monday update!

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New Calgary housing complex begins operations

Mortgagebroker News

Federal, provincial, and municipal governments invested $22 million in the affordable housing development

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Employee Spotlight: Ashley LaDore | Total Mortgage Blog

Total Motgage

Meet this week's employee spotlight, Ashley LaDore! Ashley is a Post Closing Associate in Milford, CT. Read our interview with Ashley to learn more about her.

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Borrowers opt for alternative lending solutions as rates head northward

Mortgagebroker News

Leading alternative lender steps in when brokers can’t ‘bank’ on indefinite favourable market conditions

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Live Takes: The 5,000 Mile Away BRRRR (REALLY Long-Distance Investing)

BiggerPockets

Building a house vs. buying a house—which makes more sense for today’s investor? With home prices rising faster than many of us have ever seen before, more and more real […].

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Private mortgages – what’s next for Ontario agents?

Mortgagebroker News

Recent weeks have seen new measures aimed at raising standards for Ontario agents in the private space

Agents 69
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Mortgage Monday – May 16, 2022 | Total Mortgage Blog

Total Motgage

In today’s mortgage environment, informed homebuyers are successful homebuyers. Let’s get right into the latest news with this week’s Mortgage Monday update!

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Analysts: BoC rate hikes will not address housing supply-demand mismatch

Mortgagebroker News

Not even a buyers' market will ensure better affordability, according to CIBC analysts

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Free concerts in Los Gatos this summer: Vasona Vibrations, Music in the Park, Jazz on the Plazz

San Jose Real Estate

Free concerts in Los Gatos this summer: Vasona Vibrations, Music in the Park, Jazz on the Plazz.

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Canadian housing starts rose in April – CMHC

Mortgagebroker News

The annual pace of new home construction in April surpassed analysts' expectations

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Snapshot of lenders’ Q1 earnings: Profitable players leverage servicing portfolio against origination drop

Housing Wire

As banks and non-bank lenders recently released earnings for the first quarter of 2022, two things became clear: Origination volume plummeted across the board, but those that managed to muster up a good quarter benefited from servicing portfolios. As refinancing became less appealing, lenders also sold off a large portion of mortgage servicing rights (MSRs), cut costs and diversified revenue stream to survive the mortgage storm.

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National home sales, prices fall in April

Mortgagebroker News

The news marks the latest stage in Canada's housing market cooldown

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A Guide to Houston’s Best Ranches & Farms On The Market

Houston Properties

A Guide to Houston's Best Ranches & Farms On The Market. The ultimate ranch and farm buyer guide from the number one Realtor in Houston! Before exploring Houston’s best farms and ranches, let us give you amazing facts about the great city of Houston. Here are a few quick stats on the Bayou City: • Houston’s the fourth largest city in the nation. • Houston homes are ranked as some of the most affordable in the nation. • Houston’s Medical Center has the world’s largest concentration