Tue.Jun 28, 2022

Ten things to know about price reductions in today’s market

Sacramento Appraisal Blog

Price reductions are growing fast and sellers are still behind the ball. Eventually they’ll catch up, but they haven’t gotten there yet. Let’s talk about price drops today in the Sacramento region. Is the trend similar in your area? Let me know what you’re seeing.

How home-price growth has damaged the housing market

Housing Wire

The S&P CoreLogic Case-Shiller Home Price Index just recorded 20.4% year-over-year growth nationally and a record 21.2%

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ARMs Offer Largest Savings Since 2015

Appraisal Buzz

According to a new report from Redfin, the typical homebuyer could save an estimated $15,582 over five years —roughly $260 per month— by taking out an adjustable-rate mortgage rather than the typical 30-year-fixed-rate mortgage.

As FGMC shuts down, lender partners question fate of loans in pipeline

Housing Wire

Tech-fueled mortgage lender UpEquity just wants answers. .

Sales Boomerang Merging With Mortgage Coach 

Appraisal Buzz

Sales Boomerang , which offers an automated borrower intelligence and retention system, is merging with Mortgage Coach , a platform empowering mortgage lenders to educate borrowers with interactive home loan presentations. Terms of the deal were not divulged.

Sales Boomerang and Mortgage Coach merge

Housing Wire

Mortgage fintechs Sales Boomerang and Mortgage Coach have merged, roughly six months after a Philadelphia-based private equity firm bought a controlling stake in each company. The two companies have been working toward the merger since LLR Partners ’ made an investment in each in January.

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The obstacles to a digital mortgage are changing – Here’s what lenders need to know

Housing Wire

There’s no question that a digital-first way of doing business is becoming the norm and the demand for digital in the mortgage industry is only growing.

Home Price Rise Begins to Slow in April

Appraisal Buzz

Although all 20 cities analyzed by S&P CoreLogic Case Shiller in its NSA Index notched double-digit price increases for the 12 months ending in April, home prices slid slightly compared to March’s totals. The post Home Price Rise Begins to Slow in April appeared first on DSNews.

Fannie Mae finalizes first nonperforming loan sale of the year

Housing Wire

Fannie Mae has announced the winning bidder for the final mortgage pool that was part of its inaugural nonperforming loan sale of 2022 — and it’s nineteenth sale since the i na ugural offering in 2015.

Home Prices Nationally Fall Slightly Month-Over-Month

Appraisal Buzz

S&P CoreLogic Case Shiller reports that despite a 20.4% annual gain in April 2022, home prices in the U.S. were down slightly from 20.6% recorded the previous month. The post Home Prices Nationally Fall Slightly Month-Over-Month appeared first on theMReport.com.

The Path to Credibility

The Appraiser Coach

I was recently proofreading a paper my son had written for a class and came across a quote from Benjamin Franklin. My son used quotation marks to offset the. Read More.

New Program Assists Frontline Workers With Affordability Issues 

Appraisal Buzz

Abby Waltz, National Director for Homes for Heroes, explains how Florida’s new Hometown Heroes Housing Program is a small step in the right direction to assist frontline workers achieve the American dream of homeownership. .

Two more MSR deals valued in total at $2.5B hit the market 

Housing Wire

The Prestwick Mortgage Group , an Alexandria, Virginia-based advisory and brokerage firm, has unveiled an offering for a $1.6 billion package of Fannie Mae , Freddie Mac and Ginnie Mae mortgage-servicing rights (MSRs).

Million-Dollar Metros: California Cities Top List

Appraisal Buzz

According to new research from LendingTree, home prices have risen significantly over the past two years, and paying $1 million or more for a house seems excessive as well as unattainable to most Americans. However, just because million-dollar homes aren’t common throughout the U.S.

Roostify partners with Indecomm to court self-employed borrowers

Housing Wire

Mortgage technology provider Roostify is hoping to bring in more self-employed borrowers by adding mortgage automation provider Indecomm ‘s automated income calculation technology, it announced Tuesday.

Government Regulators Make Progress in Addressing Climate-Related Risks

Appraisal Buzz

A brand-new scorecard, researched and released by Ceres, shows that federal financial regulators are taking numerous and broad steps to tackle the financial risks of climate change, as outlined by the Biden Administration, in a “clear sign” of regulatory process on the issue.

Fix-and-flip lender Kiavi finalizes $218M private-label offering

Housing Wire

Kiavi , formerly LendingHome , recently closed a $218 million private-label securitization of unrated short-term mortgages — described as “residential transition loans” (RTLs) by the lender, which serves the fix-and-flip market.

Fannie Mae Awards 19th New York Area Pool of Non-Performing Loans

Appraisal Buzz

Fannie Mae has named The State of New York Mortgage Agency Community Restoration Fund (SONYMA CRF) as the winning bidder for its nineteenth Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on August 19, 2022. It includes approximately 120 loans totaling $36.2

Consumer Confidence Fall to 16-Month Low Amid Inflation Concerns

Eyes on Housing

Consumer confidence dropped again in June as inflation stayed at decades high and continued to temper consumers’ economic outlook, which tumbled to the lowest level in nearly a decade.

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Fannie Mae Op-Ed: Making Rent Count

Appraisal Buzz

Cyndi Danko, SVP, Chief Credit Officer Single-Family at Fannie Mae, discusses how rent payment history is helping more people get a mortgage, including people of color. The post Fannie Mae Op-Ed: Making Rent Count appeared first on theMReport.com.

Victoria Real Estate Market 5-Year Predictions

D Fritz Appraisals

What do Experts Think the Victoria, BC Housing Market Will Look Like by 2027? The state of Victoria’s housing market is never far from anyone’s mind, especially for first-time home buyers, those moving to a new area or for people looking to sell.

Protected: The Southeastern Appraisal Group is Hiring Residential Appraisers Nationally

Appraisal Buzz

This content is password protected. To view it please enter your password below: Password: The post Protected: The Southeastern Appraisal Group is Hiring Residential Appraisers Nationally appeared first on Appraisal Buzz.

Subject Property Actual Location

Appraisers Blog

Don’t say that the subject property is ‘within’ a particular City or Town due to the postal ZIP Code that applies to the street address unless that is accurate. The actual location may be miles away from there.

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Protected: Declare Your Independence from ARGUS®!

Appraisal Buzz

This content is password protected. To view it please enter your password below: Password: The post Protected: Declare Your Independence from ARGUS®! appeared first on Appraisal Buzz. Career Buzz & Press Releases appraisal appraisal buzz appraiser appraisers appraising Argus Rockport VAL

Clear Capital Launches Property Valuation, Risk Assessment APIs for Streamlined Access to Modern Valuation Solutions

Clear Capital

Self-Serve APIs Will Enable Faster Adoption, More Control for Lenders, Investors and System Providers.

The Path to Credibility

Appraisal Buzz

I was recently proofreading a paper my son had written for a class and came across a quote from Benjamin Franklin. My son used quotation marks to offset the … Read More. The post The Path to Credibility appeared first on Appraisal Buzz. Around The Web

What lies in store for Canada's private lenders?

Mortgagebroker News

Potentially significant developments could be on the way, says leading broker

FHFA Reports Slight Rise of 1.6 Percent in House Prices in April

Appraisal Buzz

The latest Federal Housing Finance Agency House Price Index (FHFA HPI) shows house prices rose nationwide in April, up 1.6% from the previous month. House prices rose 18.8% from April 2021 to April 2022. The previously reported 1.5% price change for March 2022 was revised upward to 1.6%.

Understanding What Drives Mortgage Rates

Will Springer Realtor

What a difference a year makes! Only 12 months or so ago, an unprecedented number of Seattle/King County buyers took advantage of historically low interest rates to scoop up new homes.

Servicers Adapt to an Evolving Regulatory Landscape

Appraisal Buzz

The recent Legal League 100 Servicer Summit in Dallas brought together the nation’s top financial services law firms under the same roof as leading mortgage servicing executives to discuss default policies, procedures, and issues with leading mortgage servicing executives. The post Servicers Adapt to an Evolving Regulatory Landscape appeared first on DSNews. The post Servicers Adapt to an Evolving Regulatory Landscape appeared first on Appraisal Buzz. Around The Web

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11 Things Appraisers Evaluate to Determine a Home’s Value

Appraisal Hub

Appraisers in Toronto are responsible for assessing a home’s condition to provide an expert opinion on its estimated market value. Appraisal firms typically look into different factors to determine the best approach to value that applies to the home.

What More Can Be Done To House the Homeless?

Appraisal Buzz

Working to address the homelessness crisis throughout the country, the Urban Land Institute (ULI) has released a new report investigating how the real estate community is working to address this crisis on a nationwide scale. Overall, the report shows how to support people experiencing homelessness through “creative housing solutions” and collaborations with community organizations, with … The post What More Can Be Done To House the Homeless? appeared first on DSNews.

CHIP Reverse Mortgage effective way for homeowners 55+ to gift down payment

Mortgagebroker News

In a challenging market, gifting funds to children, grandchildren an increasingly popular option

Addressing Homelessness at the Real Estate Level

Appraisal Buzz

Working to address the homelessness crisis throughout the country, the Urban Land Institute (ULI) has released a new report investigating how the real estate community is working to address this crisis on a nationwide scale. Overall, the report shows how to support people experiencing homelessness through “creative housing solutions” and collaborations with community organizations, with … The post Addressing Homelessness at the Real Estate Level appeared first on theMReport.com.