Housing Wire
JUNE 3, 2022
Some Americans believed we entered a recession at the start of 2022; however, the jobs report for May came in at 390,000, dashing any hopes that this was the case and starting their weekend on a foul note. We did have some minor negative revisions to the prior reports, but the 10-year yield stayed firm after the announcement at 2.95%, with no real movement.
Appraisal Buzz
JUNE 3, 2022
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Housing Wire
JUNE 3, 2022
After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Jobs Report released on Friday. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6% higher than its pre-pandemic level.
Appraisal Buzz
JUNE 3, 2022
A new study from First Street Foundation has determined that U.S. homeowners have shouldered approximately $81.7 billion in wildfire damage over the last five years. The post More Than 30 Million Properties at Risk of Wildfire appeared first on DSNews. The post More Than 30 Million Properties at Risk of Wildfire appeared first on Appraisal Buzz.
Housing Wire
JUNE 3, 2022
United Wholesale Mortgage ’s CEO Mat Ishbia is a finalist to buy the Denver Broncos, which have been up for grabs since February 2022. As first reported by 9NEWS , four contenders are currently in the running to snatch the team: Ishbia and his brother Justin Ishbia, who owns 22% of UWM; Josh Harris, owner of NBA Philadelphia 76ers and NHL New Jersey Devils; Rob Walton, son of Sam Walton, who was the founder of Walmart; and Jose Feliciano, co-owner of Clearlake Capital, which was the money behind
Appraisal Buzz
JUNE 3, 2022
Homebuyers are beginning to take back the wheel from homesellers, who have mostly prevailed over the last two years, as Redfin reports that more sellers are dropping the price of their homes amid rising interest rates and growing affordability concerns. Pending sales in May posted their largest declines since the pandemic took hold of the … The post Redfin Reports Buyers Are Finding More Power appeared first on DSNews.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
JUNE 3, 2022
According to a new report from RentCafe, an Austin suburb —Round Rock— has been named the best city for renters in 2022, as Texas reconfirms the rising appeal as a coveted place to live. Raleigh, North Carolina came in second place, followed by small cities located mainly in the South and Southeast. This new data … The post Small, Lively Cities Considered Best Locations to Rent appeared first on DSNews.
Housing Wire
JUNE 3, 2022
Lakeview Loan Servicing unveiled a rare private-label securities offering this past March involving a pool of mostly delinquent mortgages serviced by the company. The loans in the offering were all originated through the Federal Housing Administration (FHA) and later securitized through Ginnie Mae. At the time, it was only the fourth such private label securities (PLS) offering of its kind in more than a decade, according to a bond-rating report by Kroll Bond Rating Agency (KBRA).
Appraisal Buzz
JUNE 3, 2022
Black Knight Inc. has launched a new lead-quoting application programming interface (API) that connects lead-aggregation vendors to the array of product and pricing information in the Optimal Blue PPE product, pricing and eligibility engine. This new API enables lead-quoting vendors to display real-time rates on behalf of lenders using the Optimal Blue PPE.
Housing Wire
JUNE 3, 2022
This week’s HW+ member spotlight features Stuart Sim, head of industry development and brand ambassador at Chime Technologies. Prior to Chime, he has held a number of leadership roles, including roles at Realtor.com and NCL Sales & Strategy Consulting. Below, Sim answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why?
Appraisal Buzz
JUNE 3, 2022
OrangeGrid LLC has selected Timios Inc. as the preferred provider of title, escrow, valuation and asset management services within OrangeGrid’s GridReady default management ecosystem. Additionally, Timios made a significant equity investment in OrangeGrid to increase distribution capacity, and the companies will collaborate on a number of co-marketing initiatives to accelerate market adoption of the solution.
Eyes on Housing
JUNE 3, 2022
In May, total nonfarm payroll employment increased by 390,000 and the unemployment rate was unchanged at 3.6%. Solid job gains continued in May, despite surging inflation, persistent supply-chain issues, and fears of a possible recession. Construction industry employment (both residential and non-residential) totaled 7.7 million and has exceeded its February 2020 level.
Appraisal Buzz
JUNE 3, 2022
An upcoming webinar presented by the Five Star Institute and Incenter will examine the speed required by today’s appraisers in order to keep up and meet customer demand. The post The Week Ahead: Tech’s Role in Expediting the Appraisal Process appeared first on DSNews. The post The Week Ahead: Tech’s Role in Expediting the Appraisal Process appeared first on Appraisal Buzz.
McKissock
JUNE 3, 2022
Ever since Fannie Mae and Freddie Mac (the GSEs) created the Uniform Appraisal Dataset (UAD) several years ago, real estate appraisers must rate building quality on a standardized scale from Q1 (best) to Q6 (worst). If you are performing appraisals for the intended use of secondary market mortgage lending, it’s essential to have a clear understanding of the UAD quality ratings, since you will be required to use them in your report forms.
Mashvisor
JUNE 3, 2022
Property management companies may assist with the day-to-day activities of your residential or business properties. Table of Contents What Does a Property Management Company Do?
Appraisal Today
JUNE 3, 2022
Residential Appraisals and Airbnb Income? By Julie Friess, SRA, AI-RRS, MA. Don’t get caught like a deer in the headlights! State appraisal boards ARE disciplining appraisers across the country for improperly using the business income (Short term Rental – STR) from Airbnbs on the residential 1007 Fannie Mae form. Lenders and AMCs want residential appraisers to value these properties as both the real estate and the business values of these properties – Wrong!!
Mashvisor
JUNE 3, 2022
When will the housing market crash again? This has been a hot topic among real estate professionals and enthusiasts for quite some time now.
BiggerPockets
JUNE 3, 2022
Rental properties have tremendous potential to generate revenue. However, the success of your investment rests heavily on the quality of your property management. Finding a quality property manager (PM) isn’t […].
Mortgagebroker News
JUNE 3, 2022
The central bank appears more concerned than before on the inflation crisis, expert says
BiggerPockets
JUNE 3, 2022
Networking tips only matter as long as they work. Everyone knows the classic ones—bring a business card, wear a nametag, and look people in the eye. But, when you’re meeting […].
Mortgagebroker News
JUNE 3, 2022
Credit balances and participation posted robust recovery during the first quarter, said TransUnion
Willowbrook Valuation
JUNE 3, 2022
Willowbrook Valuation has extensive experience working with commercial real estate clients throughout the mid-Atlantic region, and our team is active across the Baltimore and DC area. Throughout the year, we’ve published several blog posts covering the hottest activity in the submarkets we are most active in. Laurel, MD, is a particularly interesting Maryland submarket, situated […].
Mortgagebroker News
JUNE 3, 2022
Red-hot demand pushed market investment activity past a key milestone in Q1
Eppraisal
JUNE 3, 2022
Homes with the perfect amount of landscaping make it onto the covers of home magazines and can be the talk of the block. Landscaping has an impact on home values and the ability to sell homes. When you landscape your home, be sure not to over-landscape or under-landscape. Too Much Landscaping Ever seen homes with their entire backyards turned into gardens with perennials, annuals, trees, bushes, flowerpots, walking paths and koi ponds?
Mortgagebroker News
JUNE 3, 2022
Further systemic volatility will force the central bank to raise rates again
GoForrmz
JUNE 3, 2022
Join the ‘Work to Zero’ movement with safety-enhancing technologies in your workplace Often reserved for thoughts of the Industrial Revolution, the idea that death in the workplace is still a threat today seems unimaginable. The sad truth is that fatal workplace injuries are still a danger for employees worldwide. While the Bureau of Labor Statistics noted a decrease from 2019, in 2020 there were still 4,764 workplace casualties in the United States alone.
Mortgagebroker News
JUNE 3, 2022
Urban areas are particularly well suited for hosting more affordable housing supply
Mashvisor
JUNE 3, 2022
With the unexpected increase in property prices and the sudden spike in interest rates, the adjustable rate mortgage is somehow making a comeback.
Housing Wire
JUNE 3, 2022
Two years ago, the regulator of the nation’s biggest banks moved alone to rewrite the Community Reinvestment Act (CRA), the country’s premier anti-redlining law. That effort, under the Trump administration, ultimately fizzled. The Office of the Comptroller of the Currency formally rescinded its plan in December of 2021. In an example of how dramatically the regulatory landscape has since shifted, top officials of all three banking regulatory agencies on Friday appeared together at an in-person e
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