Appraisal Buzz
AUGUST 16, 2021
Like many busy appraisers, I can spend a lot of time in my own little world just trying to keep my head above water. Trying to meet deadlines, keep my clients informed, and put out a quality product in this busy market is enough to make my head spin. Lately, though, I’ve been trying to carve out some extra time to find out about what other appraisers are saying and doing in this unusual market.
Housing Wire
AUGUST 16, 2021
The volume of loans in forbearance fell 14 basis points, from 3.40% the prior week to 3.26% for the week ending August 8, per the latest Mortgage Bankers Association report, while new forbearance requests and calls to servicers increased. According to the trade association’s estimate, 1.6 million homeowners are in a forbearance plan. Forbearance numbers decreased across the board.
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Appraisal Buzz
AUGUST 16, 2021
The rate of forbearance on mortgages fell to 3.26% of servicers’ portfolio volume during the week ended Aug. 8, down from 3.40% the previous week, according to the Mortgage Bankers Association’s (MBA) Forbearance and Call Volume Survey. Despite the 14-point basis drop, 1.6 million homeowners remain in forbearance plans, according to the MBA’s estimates.
Housing Wire
AUGUST 16, 2021
Offerpad CEO Brian Bair. Humans have yet to colonize Mars, but we apparently have created a profitable instant homebuying company. Offerpad, the six-year-old, Chandler, Arizona-based company, which has plans to go public later this year, reported $9.2 million in net income for the second quarter of 2021 after losing $16.6 million in the second quarter of last year.
Appraisal Buzz
AUGUST 16, 2021
The number of homeowners in forbearance plans tailed off yet again this week, as strong employment numbers and a growing economy are landing more back on solid financial footing. The post Share of Loans in Forbearance Drops by 14 Basis Points appeared first on DSNews. The post Share of Loans in Forbearance Drops by 14 Basis Points appeared first on Appraisal Buzz.
Housing Wire
AUGUST 16, 2021
United Wholesale Mortgage CEO Mat Ishbia has set the goal of topping arch-rival Rocket Mortgage by 2024. The second quarter earnings report shows he still has quite a bit of work ahead of him. The wholesale-only lender originated $59 billion in mortgages in the second quarter, generating $139 million in net income, UWM disclosed in its earnings report on Monday.
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Eyes on Housing
AUGUST 16, 2021
Over the six months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 589,146. On a year-over-year (YoY) basis, this is a 35.9% increase over the June 2020 level of 433,484. Year-to-date ending in June, single-family permits increased in all four regions. The Northeast region reported the strongest increase of 39.6%, followed by the Midwest (+35.
Appraisal Buzz
AUGUST 16, 2021
The Federal Reserve Bank of Atlanta has found that affordability has declined for five consecutive months, with the supply of available homes nationwide plummeting to just one month amid continued high demand. The post Declining Affordability Suppresses Housing Demand appeared first on theMReport.com. The post Declining Affordability Suppresses Housing Demand appeared first on Appraisal Buzz.
Eyes on Housing
AUGUST 16, 2021
Data from the 2020 Census Bureau’s Survey of Construction (SOC) show that total multifamily units completed in 2020 increased by six percent to 375,000, the largest annual count of multifamily units completed in thirty years. The number of multifamily units completed were divided between 348,000 units built for-rent and 28,000 units built for-sale, increasing in both categories from the prior.
Appraisal Buzz
AUGUST 16, 2021
PERSON OF THE WEEK: Mortgage lenders have made great strides in delivering a seamless all-digital mortgage experience. Lender adoption of technology to facilitate a “contactless” mortgage process has rapidly accelerated due to the pandemic. But just because a lender is successful in delivering a great, all-digital customer experience when originating a first mortgage via the direct channel, how does that stack up against the experience delivered by the same lender – such as a.
GoForrmz
AUGUST 16, 2021
Quality healthcare requires a client-centric, efficient-focused HIPAA-secure form solution Whether you’ve just created your first HIPAA-secure form in the GoFormz platform or your entire form collection is already digital, these seven features can take your digital forms and data capture to the next level. Checkbox fields - Using Checkboxes, your team can easily note which equipment has been turned in, checked out, or inventory levels.
Appraisal Buzz
AUGUST 16, 2021
This content is password protected. To view it please enter your password below: Password: The post Protected: Certified Residential Appraiser to Launch New Mobile App appeared first on Appraisal Buzz.
Urban
AUGUST 16, 2021
Strategies local program administrators can use to speed rental relief delivery as federal eviction protections start to run out
Appraisal Buzz
AUGUST 16, 2021
Calyx , a provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, and wholesale and correspondent lenders and brokers, has announced that Oaktree Funding, a wholesaler, has become a participating lender in Calyx Point. Calyx Point is a loan origination system (LOS) for mortgage brokers. Brokers can connect with a participating lender directly from their LOS to search eligible loan programs prior to loan submission.
Valuation Review
AUGUST 16, 2021
Valuation Review spoke with state certified general appraiser Karen Mann of California-based Mann & Associates. Mann began the conversation with one of the least common approaches in appraising homes--the income approach. Read on for more from this veteran appraiser.
Appraisal Buzz
AUGUST 16, 2021
Agents in fiercely competitive metros report buyers making requests that were “unheard of” months ago and easing inflow with a return to office work. The post Market Stabilizes, Bidding Wars Slow appeared first on theMReport.com. The post Market Stabilizes, Bidding Wars Slow appeared first on Appraisal Buzz.
Mashvisor
AUGUST 16, 2021
Buildings are some of the biggest consumers of energy in our world today. The Alliance to Save Energy estimates that buildings are responsible for 40% of all U.S. energy consumption.
Appraisal Buzz
AUGUST 16, 2021
Through a partnership with SimpleNexus’ homeownership platform, Docutech technology reportedly will benefit more borrowers, loan officers, and lenders. The post First American Docutech Expands eSign Experience appeared first on theMReport.com. The post First American Docutech Expands eSign Experience appeared first on Appraisal Buzz.
Valuation Review
AUGUST 16, 2021
Anchor Loans recently announced that Andrew Jewett has joined the company as senior vice president, enterprise sales. In his newly created position, Jewett will be responsible for account management/segmentation, sales recruitment/training, new product development/deployment, marketing and the overall growth of Anchor's sales team and customer base.
Appraisal Buzz
AUGUST 16, 2021
A recent DS News webinar found that a positive byproduct of the pandemic was the formation of a more well-rounded team, as more niche workers became educated on the complete lifecycle of real estate. The post Servicing Industry Adjusts to ‘The Great Reset’ appeared first on DSNews. The post Servicing Industry Adjusts to ‘The Great Reset’ appeared first on Appraisal Buzz.
Valuation Review
AUGUST 16, 2021
With house flippers earning an average gross profit of $63,500 in Q1 2021, the personal-finance website WalletHub released its report on the best places to flip houses. The report compared more than 170 U.S. cities across 26 key metrics.
Appraisal Buzz
AUGUST 16, 2021
Bidding battles are still frequent but slowing, and buyers have even started including appraisal contingencies and requesting repairs again. The post Homeowner Migration, Competition Decreases appeared first on DSNews. The post Homeowner Migration, Competition Decreases appeared first on Appraisal Buzz.
Valuation Review
AUGUST 16, 2021
Freddie Mac recently appointed Dionne Wallace Oakley as the company’s senior vice president, chief human resources officer and chief diversity officer. In this role, Wallace Oakley will be a member of the company’s senior operating committee and will report directly to Freddie Mac CEO Michael DeVito.
Appraisal Buzz
AUGUST 16, 2021
Metro Public Adjustment Inc., a public adjusting company, has acquired DIMONT, a provider of specialty insurance claims and loan administration services to the residential mortgage industry. The acquisition will add over 1,000 public adjusters licenses to its 300 licenses. DIMONT’s CEO Laura MacIntyre will remain with DIMONT and will serve as the new president of DIMONT.
Valuation Review
AUGUST 16, 2021
Valuation Review continues its conversation with American Society of Appraisers International President David Crick. The scheduling of more classes for appraisers, as well as the convenience to attend classes, will be a priority. Read on for more.
BiggerPockets
AUGUST 16, 2021
One of the more peculiar innovations within the last decade was the launch of Carvana, an online used car dealership that took the traditional dealer out of the picture. With […].
Valuation Review
AUGUST 16, 2021
Valuation Review brings you more insight from Reggora Appraisal Compliance & Initiatives Director Ken Dicks, who referenced that whether you are talking about robots assembling automobiles, or algorithms producing mathematical calculations to arrive at a point value estimate, quality control and quality assurance processes are needed. Designing algorithms that can produce multiple, reliable outcomes is not very common in the valuation space.
Mortgagebroker News
AUGUST 16, 2021
CMI veteran on the vital role private options play in providing borrowers with solutions not available from traditional lenders
Housing Wire
AUGUST 16, 2021
In an interesting announcement last week , HUD and FHFA issued a joint MOU (memorandum of understanding) that enhances efforts to synchronize fair lending policy, enforcement and investigatory activities. This is a rare instance where HUD and the regulator of the GSEs have publicly agreed to attempt to synchronize efforts on such a major policy effort.
Mortgagebroker News
AUGUST 16, 2021
The region’s inventory issues continue to be a major factor influencing price movements
Mortgagebroker News
AUGUST 16, 2021
The firm is seeing strong revenue, income, and mortgage refinancing levels
Mortgagebroker News
AUGUST 16, 2021
The lender’s originations, portfolios, and incomes all registered robustness
Mortgagebroker News
AUGUST 16, 2021
The firm’s financial position continues to be robust
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