Housing Wire
JUNE 14, 2022
On Tuesday, the other shoe dropped. With mortgage rates now north of 6% and the stock market officially in bear territory, two of America’s most prominent real estate brokerages instituted large-scale layoffs and halted expansion efforts. Redfin CEO Glenn Kelman said the brokerage/listings platform made the tough decision to lay off 470 workers across several divisions, including its engineering department.
Appraisal Buzz
JUNE 14, 2022
Besides location, one of the most important factors in a residential property’s value is the health of its local real estate market. Appraisers should pay close attention to various current events that may indicate a softening or imbalanced market, or conversely, a robust, healthy real estate market. Similar to a doctor looking for signs of a patient’s health declining or improving, you have signs available to determine the health of a housing market.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
JUNE 14, 2022
Fannie Mae has chosen the winning bidder for its inaugural nonperforming loan sale of 2022, a deal involving 3,223 loans with an unpaid principal balance of $477.2 million that was divided into two separate pools. The top bidder is MCLP Asset Co. , which is registered as a debt-collection agency with the city of New York’s Department of Consumer Affairs and lists its address as being a Manhattan property that also is home to Goldman Sachs’ headquarters — 200 West Street in Manhattan.
The Appraiser Coach
JUNE 14, 2022
We’ve all heard of the classic debate: What’s the correct way to make a peanut butter and jelly sandwich? Allow me to introduce a new debate: What’s the correct way. Read More.
Housing Wire
JUNE 14, 2022
Owners of a Florida-based law firm were ordered to pay close to $4.6 million to settle claims that they allegedly ran a mortgage loan modification and foreclosure rescue scheme that targeted Hispanic homeowners. The consent order puts an end to a lawsuit originally launched by the Department of Justice in 2018 against law firm Advocate Law Groups of Florida P.A. and its owners, Jon B.
Eyes on Housing
JUNE 14, 2022
The prices of goods used in residential construction climbed 1.8% in May (not seasonally adjusted) and have increased 19.4%, year-over-year, according to the latest Producer Price Index (PPI) report. Prices have surged 40.4% since January 2020. Building materials (i.e., goods inputs to residential construction, less energy) prices have increased 5.4%, year-to-date, and are 36.3% higher than they were in May.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
JUNE 14, 2022
We’ve all heard of the classic debate: What’s the correct way to make a peanut butter and jelly sandwich? Allow me to introduce a new debate: What’s the correct way … Read More. The post The New Debate appeared first on Appraisal Buzz.
Housing Wire
JUNE 14, 2022
The average borrower’s credit score trended down in May, led by a significant drop in cash-out refinance scores — a move attributed to higher-credit borrowers exiting the cash-out refi pool over the past two years. Average credit scores for cash-out refis came in at 698 last month, dropping seven points in the last three months and 33 points year over year, according to Black Knight ‘s originations report released Monday.
Appraisal Buzz
JUNE 14, 2022
During the upcoming Five Star Conference in Dallas, the top women leaders will be recognized at the annual Women in Housing Leadership Awards event. The post Cast Your Vote for the Industry’s Top Women Leaders appeared first on DSNews. The post Cast Your Vote for the Industry’s Top Women Leaders appeared first on Appraisal Buzz.
Housing Wire
JUNE 14, 2022
WFG National Title Insurance Company , a division of Portland, Oregon-based Williston Financial Group , Tuesday announced it has expanded into the Rocky Mountain Region and now offers title services in Colorado, Utah, Montana and Wyoming. Brian Phillips will serve as vice president and Rocky Mountain area manager, heading operations in WFG’s newly established region, according to a company news release.
Appraisal Buzz
JUNE 14, 2022
According to CoreLogic, the nation’s delinquency rate in the U.S. in March 2022 hit its lowest recorded point since at least January 1999, as found in its latest monthly Loan Performance Insights Report. In March of this year, some 2.7% of all mortgages in the country were in some stage of delinquency, as defined … The post Delinquencies Find New Low in March appeared first on DSNews.
McKissock
JUNE 14, 2022
As any real estate agent knows, finding quality leads and generating new business starts with cultivating pre-existing relationships. But, if you don’t already have a large referral base or if you are new to the area, generating new leads can be difficult. While novice agents tend to focus more on open houses and cold-calling or spend copious amounts of money on print advertising, successful agents are able to cultivate referrals by working side-by-side with neighbors and collaborators.
Appraisal Buzz
JUNE 14, 2022
ATTOM has released the 2022 U.S. Foreclosure Market Report for May, showing there were a total of 30,881 U.S. properties with foreclosure filings —default notices, scheduled auctions, or bank repossessions— up 1% from a month ago, but up 185% from a year ago. Nationwide one in every 4,549 housing units had a foreclosure filing in … The post Foreclosure Starts Slip in May, Completed Foreclosures Increase Slightly appeared first on DSNews.
Clear Capital
JUNE 14, 2022
We’re excited to announce that property rental data is now available in ClearProp , the lending-grade, industry-leading valuation tool. With the addition of rental and lease information on over 16 million properties across the U.S., users can now review nearby rental listings and calculate a comparable-based rental estimate in real-time. You can experience at no cost*, ClearProp’s deep rental property and interactive valuation data by registering at portal.clearcapital.com.
Appraisal Buzz
JUNE 14, 2022
In May, the HouseCanary Market Pulse reported the first signs of a potential softening in the housing market as a litany of external influences exerted pressure on the housing market. A challenging environment for weary homebuyers exists today as increasing rates, already bloated prices, and short supply has made homeownership more expensive. Concurrently, price growth … The post Is a Market Cooldown Imminent?
Mashvisor
JUNE 14, 2022
If you’re an Airbnb property owner, you most likely have been noodling on different ways to increase your Airbnb revenue. Table of Contents How Much Can You Make on Airbnb?
Appraisal Buzz
JUNE 14, 2022
With the CFPB turning its attention to the use of artificial intelligence within the mortgage process, here’s what you need to know. The post AI Decision-Making in the Crosshairs appeared first on DSNews. The post AI Decision-Making in the Crosshairs appeared first on Appraisal Buzz.
Mashvisor
JUNE 14, 2022
As we reach the end of the pandemic and things begin to settle down, the demand for temporary housing for rent is increasing. Table of Contents What Is Temporary Housing?
Appraisal Buzz
JUNE 14, 2022
ATTOM has released its May 2022 U.S. Foreclosure Market Report, which shows there were a total of 30,881 U.S. properties with foreclosure filings – default notices, scheduled auctions or bank repossessions – up 1% from a month ago but up 185% from a year ago. Nationwide one in every 4,549 housing units had a foreclosure filing in May 2022. States with the highest foreclosure rates were Illinois (one in every 2,000 housing units with.
San Jose Real Estate
JUNE 14, 2022
The rising interest rates are impacting most home buyers’ ability to afford the type of house or condo they expected to be able to purchase just a few months ago. One commentator stated that purchasing power has been cut in half from 6 months ago. I’m not sure that’s true, but it could be if […].
Appraisal Buzz
JUNE 14, 2022
ATTOM has released its May 2022 U.S. Foreclosure Market Report, which shows there were a total of 30,881 U.S. properties with foreclosure filings – default notices, scheduled auctions or bank repossessions – up 1% from a month ago but up 185% from a year ago. Nationwide one in every 4,549 housing units had a foreclosure filing in May 2022. States with the highest foreclosure rates were Illinois (one in every 2,000 housing units with.
BiggerPockets
JUNE 14, 2022
A 1031 exchange refers to the Internal Revenue Code, Section 1031. This code allows you to defer capital gains taxes from the sale of a property by “exchanging” it for another […].
Mortgagebroker News
JUNE 14, 2022
A significant share of Canadians are bracing for the negative impacts of rising interest rates
BiggerPockets
JUNE 14, 2022
The secrets to negotiation are often simpler than you think. There’s no double-talk, bribing, or harshness necessary to get what you want. If you know what the other side wants […].
Mortgagebroker News
JUNE 14, 2022
Inflation and interest rate increases have left many Canadians worried about their financial futures
Hank Miller Team
JUNE 14, 2022
Now the data is there to support what we knew months ago, the Atlanta housing market shifted. In some areas and price points, buyers and sellers got whiplash. Around the end of Jan and into Feb the signs were there, we felt it all through early spring and at the start of May we asked "Is the Atlanta Real Estate Market Shifting"? That was rhetorical, we just didn't have the data to support it because real estate lags.
Mortgagebroker News
JUNE 14, 2022
The likely deceleration of the housing market would be a welcome effect, Macklem says
Clear Capital
JUNE 14, 2022
Collateral Desktop Analysis provides transparency and efficiency to ValueLink customers conducting appraisal reviews. Houston — June 14, 2022 —. ValueLink Software , the industry-leading provider of valuation management technology, today announced that it offers mortgage lenders automated ordering of Clear Capital ‘s Collateral Desktop Analysis (CDA®) through their appraisal management platform.
Mortgagebroker News
JUNE 14, 2022
Respectable gains were registered in both the residential and non-residential segments
Housing Wire
JUNE 14, 2022
Fannie Mae aims to track refinance activity and refinance application trends through its newly launched Refinance Application-Level Index (RALI). The RALI, which sources data from Fannie Mae’s Desktop Underwriter to show the past week’s refinance application trends and prepayment projections, will publish each Tuesday at 10 a.m. EST, according to Fannie Mae.
Mortgagebroker News
JUNE 14, 2022
As economic pressures rise brokers need to know which options make sense for 55+ clients
GoForrmz
JUNE 14, 2022
Expand your digital form capabilities with new features from GoFormz This week GoFormz launched a new hotly requested feature which allows users to include various types of files directly in forms, using their mobile app or online. The new File Attachment form field gives users even more control over their digital forms. Users now have the ability to seamlessly attach external files to their forms when using the GoFormz mobile app and web apps, without being limited to existing field types.
Mortgagebroker News
JUNE 14, 2022
"Companies like ours can satisfy and bridge that gap so they can fix whatever that problem is"
McKissock
JUNE 14, 2022
Besides location, one of the most important factors in a residential property’s value is the health of its local real estate market. Appraisers should pay close attention to various current events that may indicate a softening or imbalanced market, or conversely, a robust, healthy real estate market. Similar to a doctor looking for signs of a patient’s health declining or improving, you have signs available to determine the health of a housing market.
Expert insights. Personalized for you.
370 
Let's personalize your content