Mon.Jan 03, 2022

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Clear Capital launches appraisal tool to speed photo review

Housing Wire

Appraisal management company Clear Capital , in the latest effort to revamp the appraisal process, hopes to automate property photo reviews to ensure data and photo consistency with its photo review product , ClearPhoto. Clear Capital’s data science team developed the product and built it into the already existing platform, a review system that automates collateral underwriting in compliance with internal credit policies and government-sponsored enterprise guidelines.

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Protecting Condos as a Sustainable Housing Option

Appraisal Buzz

In the days following the tragic condo building collapse in Surfside, Florida, information emerged about known issues with that building. Several nearby condo buildings were evacuated because they too had significant deferred maintenance that led to potentially life-threatening structural deficiencies. The tragedy has focused attention on an emerging challenge: significant deferred maintenance of aging condo and co-op infrastructure.

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10 Things to Know BEFORE Moving to Cary, NC {2022}

Raleigh Realty

Planning on moving to Cary, NC? There's a reason it's on the list of Best Places to Live in North Carolina Cary is a great city for anyone looking to live in a top-rated town that offers excellent schools, weather, and amenities It's no wonder everyone is moving to Cary, NC. If you are considering a move to Cary please feel free to connect with us to help with your relocation or any questions you may have 10 Reasons to Love Living in Cary: Community People Education Jobs Safety Family Weather Af

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How Much Do Homeowners Spend On Home Costs?

Appraisal Buzz

The year is up and as the first bits of data for the fourth quarter of 2021 begin to come in, new data shows that home affordability hit a new low last year in a majority of counties across the country due to surging real estate prices and stagnant wages. According to the quarterly U.S. Home Affordability Report from ATTOM, a California-based property information company, homes became less affordable … The post How Much Do Homeowners Spend On Home Costs?

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Private Residential Spending Rises in November 2021

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.9% in November after a decrease of 0.2% in October 2021. It stood at a seasonally adjusted annual rate of $796.3 billion. Total private residential construction spending was 16.3% higher than a year ago. These monthly gains are attributed to the strong growth of spending.

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FDIC Chair McWilliams Resigns

Appraisal Buzz

Twenty-first Chair of the FDIC tenders her resignation, and will be replaced by current Board member Martin L. Gruenberg. The post FDIC Chair McWilliams Resigns appeared first on DSNews. The post FDIC Chair McWilliams Resigns appeared first on Appraisal Buzz.

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DS5: How Servicing Is Adapting Through Pandemic Challenges

Appraisal Buzz

In this episode of DS5, we speak with Nathan Bossers, President of Boston National Title. Bossers shares how the pandemic has impacted servicers and the title space. The post DS5: How Servicing Is Adapting Through Pandemic Challenges appeared first on DSNews. The post DS5: How Servicing Is Adapting Through Pandemic Challenges appeared first on Appraisal Buzz.

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5 Ways Telecommunications Teams Leverage Digital Forms

GoForrmz

Leverage digital telecommunications tools like digital forms to enhance communication, productivity, and efficiency Check out these five ways telecom teams leverage digital forms to optimize their operations and elevate their workflows: Form sharing GoFormz makes it easy to share fillable forms with others, even those outside of your GoFormz account, using the Public Forms feature.

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Looking For a Mortgage? Start With These Lenders

Appraisal Buzz

Anyone who has applied for the mortgage knows that it is an ordeal, to put it lightly, and having the right lender can make a world of difference. Knowing this, Bankrate has scored and ranked more than 80 of the most popular lenders across the country and compiled the data for the 2022 Bankrate Awards for Best Mortgage Lenders. To start, Bankrate ranked lenders on … The post Looking For a Mortgage?

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ClearPath Lending surpasses 50,000 FHA and VA mortgages

Valuation Review

ClearPath Lending, a VA home loan origination firm, has provided more than 50,000 mortgage loans. These were guaranteed by the Department of Veterans Affairs or insured by the Federal Housing Administration since the company was founded in 2012.

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Finding a Path to Resolution

Appraisal Buzz

Some borrowers exiting forbearance are turning to Chapter 13 bankruptcy to save their homes. Unfortunately, forbearance doesn’t play well with bankruptcy finds Attorney Alan S. Wolf in this exclusive to DS News. The post Finding a Path to Resolution appeared first on DSNews. The post Finding a Path to Resolution appeared first on Appraisal Buzz.

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Fannie Mae: Standardized property measuring guidelines set for 2022

Valuation Review

Appraisers will be required to use the Square Footage-Method for Calculating: ANSI Z765-2021 (American National Standards Institute) Measuring Standard for measuring, calculating, and reporting gross living area (GLA) and non-GLA areas of subject properties for appraisals requiring interior and exterior inspections. The effective date for loans sold to Fannie Mae will be April 1, 2022, or later.

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Getting Ahead of the Cycle

Appraisal Buzz

Christopher Hussain of RealKey explains how an investment in automation now will prepare you for the next real estate bust. The post Getting Ahead of the Cycle appeared first on theMReport.com. The post Getting Ahead of the Cycle appeared first on Appraisal Buzz.

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Deephaven Mortgage, Incenter Appraisal Management join forces

Valuation Review

Deephaven Mortgage recently announced an alliance with Incenter Appraisal Management. The partnership will give non-agency/non-QM brokers a new competitive advantage by offering remote appraisal services for Deephaven’s loans.

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Michael Adler Named EVP of Wholesale Banking for Flagstar

Appraisal Buzz

Flagstar adds 30-plus-year industry vet to the fold as the firm expands its wholesale banking business. The post Michael Adler Named EVP of Wholesale Banking for Flagstar appeared first on theMReport.com. The post Michael Adler Named EVP of Wholesale Banking for Flagstar appeared first on Appraisal Buzz.

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September delinquency rates the lowest since March 2020

Valuation Review

The CoreLogic Loan Performance Insights (LPI) Report showed that nationally, 3.9 percent of mortgages in September were delinquent by at least 30 days or more including those in foreclosure. This represents a 2.4-percentage point decrease in the overall delinquency rate compared with September 2020, according to the company’s latest LPI analysis. Read on for more from the report.

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OptifiNow Builds Custom Non-QM Integration With LoanScorecard

Appraisal Buzz

The integration enables wholesale lenders to provide fast and accurate scenario quotes to mortgage brokers in a high-volume call center sales process. The post OptifiNow Builds Custom Non-QM Integration With LoanScorecard appeared first on theMReport.com. The post OptifiNow Builds Custom Non-QM Integration With LoanScorecard appeared first on Appraisal Buzz.

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More thoughts on appraising in 2022

Valuation Review

Valuation Review reached out to a few people in the appraisal profession for their thoughts on things appraisers might face in 2022. Legislation is always intriguing for the industry as various state proposals can have quite a significant impact on appraisers moving forward. Read on to find out what these valuation veterans had to say.

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Alanna McCargo Officially Named Ginnie Mae President

Appraisal Buzz

McCargo becomes the first woman in Ginnie Mae’s history to hold the position. The post Alanna McCargo Officially Named Ginnie Mae President appeared first on DSNews. The post Alanna McCargo Officially Named Ginnie Mae President appeared first on Appraisal Buzz.

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Las Vegas Real Estate Investment: The 2022 Investor’s Guide

Mashvisor

If you are an investor looking to invest in the Las Vegas real estate market this upcoming year, this article will provide an overall investor guide on trends and data…

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Ginnie Mae Names First Female President

Appraisal Buzz

Alanna McCargo sworn in to lead principal financing arm for government mortgage loans. The post Ginnie Mae Names First Female President appeared first on theMReport.com. The post Ginnie Mae Names First Female President appeared first on Appraisal Buzz.

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Seller rent back after close of escrow: what do you need to know?

San Jose Real Estate

If you are buying or selling a home in Silicon Valley today, you may be considering including the option to have a “seller rent back” after close of escrow. What does this mean? This is often referred to as “seller in possession after close of escrow” (often shortened to SIP) or “seller occupancy after sale” […].

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Q4 Analysis Shows Homes Continue to Become Less Affordable

Appraisal Buzz

The year is up and as the first bits of data for the fourth quarter of 2021 begin to come in, new data shows that home affordability hit a new low last year in a majority of counties across the country due to surging real estate prices and stagnant wages. According to the quarterly U.S. Home Affordability Report from ATTOM, a California-based property information company, homes became less affordable … The post Q4 Analysis Shows Homes Continue to Become Less Affordable appeared first on D

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The Mashvisor Airbnb Rental Calculator: The Complete 2022 Review

Mashvisor

The Mashvisor Airbnb rental calculator can help you find a profitable investment property. But is this online tool worth the investment?

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Assessing the Horse Racing Industry in 2022

Willowbrook Valuation

Leading up to the start of 2022, we have been taking a close look at various industries to gauge the potential for promising commercial real estate investments. Thus far, we have examined other outdoor entertainment venues that have drawn greater attention during the pandemic: Marinas and Golf Clubs. Each has stood out as promising investment […].

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Home affordability plummeted in fourth quarter

Housing Wire

Homeownership continues to swerve into unaffordable territory, with median-priced single-family homes becoming less affordable in three-quarters of the nation’s market, a report published by ATTOM Data Solutions last week said. Per the report , between October to December 2021, median home prices in 440 of the 575 counties analyzed by the data vendor saw notable home-price growth.

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8 Steps to Buying a Home in Hawaii

Mashvisor

Buying a home in Hawaii may probably be the closest thing you can do to living in paradise.

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How Many Mortgages Can I Get?

Assurance Financial

Wondering how many mortgages you can realistically get on a single residential property? Whether you want to finance your first home or you already have an existing mortgage and you’re looking for ways to refinance your home, you might be wondering about the number of mortgages you can take out on one property. In this article, find out everything you need to know about mortgages and how different mortgages interact with one another.

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Freddie Mac Expands Green Bond Program

Appraisal Buzz

Freddie Mac has released its Single-Family Green Bond Framework under its Single-Family Green Bond Program, supporting the company’s commitment to promote environmentally sustainable single-family housing to help reduce climate-related risks and increase affordability. The framework recently received a Light Green Second Opinion rating from CICERO Shades of Green.

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What Is an Appraisal Contingency and Why Does It Matter?

AmeriMac

A home is more than just another purchase – it’s an investment in the truest sense of the term. As is true with all investments, it needs to be protected. This is why appraisals are so important. Think about it like this. A home is perhaps the largest single item that someone will ever purchase in their lives. Even if they’re not planning on having their current property act as their “forever home,” they still can’t afford to lose money by overpaying on a hous

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What Is an Appraisal Contingency and Why Does It Matter?

AmeriMac

A home is more than just another purchase – it’s an investment in the truest sense of the term. As is true with all investments, it needs to be protected. This is why appraisals are so important. Think about it like this. A home is perhaps the largest single item that someone will ever purchase in their lives. Even if they’re not planning on having their current property act as their “forever home,” they still can’t afford to lose money by overpaying on a hous