Wed.Jan 19, 2022

article thumbnail

Feds seek to enlist real estate agents in anti-corruption push

Housing Wire

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents. FinCEN’s proposed regulation, outlined in an “advanced notice of proposed rulemaking” published in the Federal Register , seeks to create general recordkeeping and reporting mandates — n

article thumbnail

Diving into Market Value in 2022

Appraisal Buzz

In today’s Buzzcast, we dive into market value and how appraisers are moving forward in the new year. Today we have Joan Trice, Founder of Clearbox, LLC., and Michael Perry, CEO of Perry Appraisal Services. We’ll be getting the inside scoop while they discuss market value and this upcoming year in the industry. What are the important issues regarding market value that lie ahead in the year 2022?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fast-growing brokerage Side enters NYC

Housing Wire

San Francisco-based Side has taken the side entrance into New York. The real estate brokerage has not announced agent hires, but it has tapped a managing broker for the state in John Wollberg. “Wollberg will support and guide Side agent partners as the company expands its unique brokerage-as-a-service model into New York,” reads a Side press release Tuesday, which also notes: “Wollberg brings to the role over 35 years of experience in residential real estate and expansive knowledge of the Manhat

Brokerage 404
article thumbnail

Consigliera Founder Named Sagent Chief Product Officer

Appraisal Buzz

Mortgage veteran and former DS News Editorial Advisory Board member Courtney Thompson to help deliver consumer simplicity without compromising depth for servicers while leading and expanding product development. The post Consigliera Founder Named Sagent Chief Product Officer appeared first on DSNews. The post Consigliera Founder Named Sagent Chief Product Officer appeared first on Appraisal Buzz.

article thumbnail

Mortgage apps up 2.3% with new record average loan size

Housing Wire

Mortgage applications increased 2.3% from the previous week, largely due to a strong purchase market, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. 14. The seasonally adjusted Purchase Index rose 7.9% from the previous week, while the Refinance Index decreased 3.1% in the same period. Compared to the same week one year ago, mortgage apps overall dropped 37.3%, with a sharp decline in refinance (-49.2%) compared to purchase (-12.2%).

Mortgage 393
article thumbnail

Millennial Demand Continues to Fuel Housing Market

Appraisal Buzz

First American Chief Economist Mark Fleming discusses the strengths of the housing market, and the heightened millennial demand fueled by low rates. The post Millennial Demand Continues to Fuel Housing Market appeared first on theMReport.com. The post Millennial Demand Continues to Fuel Housing Market appeared first on Appraisal Buzz.

More Trending

article thumbnail

Housing Market Drops, Still Up 5% Year Over Year

Appraisal Buzz

First American Financial Corporation released their proprietary Potential Home Sales Model for December 2021. The Potential Home Sales Model measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals. “In December 2021, housing market potential increased 5.0 percent compared with one year ago, but declined modestly on a month-over-month … The post Housing Market Drops, Still Up 5% Year Over Year appeared first on DSNews.

article thumbnail

Is Appraisal Obsolete? – Regulations and Guidelines

George Dell

Government regulations should serve the public trust. How can this not work? Being government is not easy. There are always trade-offs. Sometimes, new regulations can solve problems; at other times they can embed old problems, or beget unintended consequences. Government regulations, by their very nature, can bog down progress. Regulations follow some general principles regarding […].

Appraisal 195
article thumbnail

Market Value – What to Expect in 2022

Appraisal Buzz

In today’s Buzzcast, we dive into market value and how appraisers are moving forward in the new year. Today we have Joan Trice, Founder of Clearbox, LLC., and Michael Perry, CEO of Perry Appraisal Services. We’ll be getting the inside scoop while they discuss market value and this upcoming year in the industry. What are the important issues regarding market value that lie ahead in the year 2022?

article thumbnail

Why Do People Decide to Become Appraisers in Real Estate?

Appraisal Hub

The real estate appraisal business is stable and lucrative. Both private individuals and businesses call an appraisal company to request a certified commercial or home appraisal, so there is a big market of clients out there. Becoming an appraiser and joining appraisal firms in Toronto after receiving training and experience can be a great career move.

article thumbnail

With Affordability Limitations, Fannie Mae Expects Limited Home Sales

Appraisal Buzz

The housing market and larger economy are expected to enter a “new normal” in 2022 as the unprecedented market disturbances and policy responses stemming from the COVID-19 pandemic subside, according to the January 2022 commentary from the Fannie Mae ’s Economic and Strategic Research (ESR) Group. The ESR Group expects inflation to remain elevated in 2022, while still unknown is the extent to which structural shifts in the economy and housing markets over the past.

article thumbnail

‘A lot going on in the economy,’ and for the appraiser, industry vet says

Valuation Review

At the 2021 Appraisal Summit in Las Vegas, Valuation Review spoke with CoreLogic Valuation Production Leader Kevin Hecht who addressed some of the economic fallout from the pandemic. Hecht gave an in-depth analysis of market trends, and how those affect appraisers moving forward. Read on for more economic information and predictions.

article thumbnail

Mortgage Applications Rises by 2.3%, MBA Weekly Survey Shows

Appraisal Buzz

The Market Composite Index, a measure of mortgage loan application volume, increased 2.3% on a seasonally adjusted basis from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending January 14, 2022. On an unadjusted basis, the index increased 3% compared with the previous week. “Mortgage rates hit their highest levels since March 2020, leading to the slowest pace of refinance activity in over.

Mortgage 195
article thumbnail

FAQ: What is a Template?

GoForrmz

A Template is how you define the layout and functionality of your form GoFormz offers a powerful, no-code-required form builder – allowing form creators the ability to create mobile forms that look exactly like their existing paper forms or create forms from scratch! Using our powerful form builder, you can create your very own form Template. But what is a Template and what is the difference between a Template and a Form?

article thumbnail

Forbearance Exits Continue to Rise

Appraisal Buzz

The number of homeowners in forbearance plans fell further in December, as the MBA estimates that just 705,000 U.S. homeowners are currently in some stage of forbearance. The post Forbearance Exits Continue to Rise appeared first on DSNews. The post Forbearance Exits Continue to Rise appeared first on Appraisal Buzz.

Appraisal 150
article thumbnail

CBC Mortgage Agency DEI officer named to elite women list

Valuation Review

CBC Mortgage Agency, a nationally chartered housing finance agency, announced a prestigious honor for one of its executives. Tai Christensen, the company’s director of government affairs and diversity, equity and inclusion officer, has been recognized as one the foremost women leaders in the mortgage industry.

article thumbnail

Rising Housing Wealth Keeps Reverse Mortgages Popular

Appraisal Buzz

Senior citizens are in a great position in the real estate market at the moment as the latest research shows that their housing wealth grew $396.1 billion to $10.1 trillion during the third quarter of 2021, largely mirroring the meteoric growth seen by the market as a whole. The data for this comes from the latest iteration of the National Reverse Mortgage Lenders Association (NRMLA) and RiskSpan’s Reverse Mortgage Market Index and covers homeowners 62-years-old and over.

Mortgage 150
article thumbnail

Arizona appraisal rules amended

Valuation Review

On Dec. 17, 2021, the Arizona Department of Insurance and Financial Institutions, Real Estate Appraisal Division opened a rulemaking docket and published a Notice of Proposed Rulemaking in the Arizona Administrative Register (27 A.A.R. 2923; 27 A.A.R. 2891). This proposed rulemaking amends the appraisal rules found in A.A.C. R4-46-101 through R4-46-601.

article thumbnail

Senior Home Wealth Grows by Billions in 3Q

Appraisal Buzz

Senior citizens are in a great position in the real estate market at the moment as the latest research shows that their housing wealth grew $396.1 billion to $10.19 trillion during the third quarter of 2021, largely mirroring the meteoric growth seen by the market as a whole. The data for this comes from the latest iteration of the National Reverse Mortgage Lenders Association (NRMLA) and RiskSpan’s Reverse Mortgage Market Index and covers homeowners 62-years-old and over.

article thumbnail

GAO: Residential appraisals need waiver procedures more clearly defined

Valuation Review

Automated tools to assess home values are becoming more common. Still, federally regulated banks and credit unions obtain appraisals from state-credentialed appraisers for most home loans to protect themselves and borrowers, according to the Government Accountability Office.

article thumbnail

Mortgage Apps Rise, as Affordability Concerns Linger

Appraisal Buzz

A rise in rates over the last week did not stop the charge of conventional purchase applications, as prospective buyers locked in rate before even more drastic increases. The post Mortgage Apps Rise, as Affordability Concerns Linger appeared first on theMReport.com. The post Mortgage Apps Rise, as Affordability Concerns Linger appeared first on Appraisal Buzz.

Mortgage 195
article thumbnail

Appraisal Logistics CEO assumes MMBBA presidency

Valuation Review

Appraisal Logistics recently announced its president, Frank Danna, will serve as president of the Maryland Mortgage Bankers and Brokers Association for 2022. Danna is a long-time member of the organization and has served in various capacities through the years, but this is first time serving as president. Read on to learn more.

article thumbnail

Open Mortgage Fills Newly-Created Position

Appraisal Buzz

Open Mortgage, a multi-channel mortgage lender dedicated to empowering the dream of homeownership, has named seasoned mortgage leader Scott Harkless to the newly-created position of Chief Revenue Officer. Harkless will report directly to Open Mortgage President Joe Stephenson in this pivotal role on the senior leadership team, overseeing all sales functions within the company, including wholesale and retail in both the … The post Open Mortgage Fills Newly-Created Position appeared first on

Mortgage 195
article thumbnail

Diving into data, faster processes await CRE

Valuation Review

Valuation Review concludes its conversation with Valcre co-founder/Vice President of Client Experience Grant Norling. More technology is in store for the appraiser in 2022, and the commercial evaluator will have plenty of opportunities to explore these resources. Read on to learn more from the commercial company executive.

article thumbnail

Lamacchia Realty Named Top Fundraising Team for the 2021 Virtual Toy Drive

Lamacchia Realty

This past holiday season Lamacchia Realty raised a total of $39,159 for Boston Children’s Hospital for their Virtual Toy Drive , making the company the Top Fundraising Team for the 2021 drive for the 2 nd year in a row! Plus, this year for the first time in the drive’s history, the company was a Program Match Sponsor, matching all donations dollar-for-dollar up to $10,000 on November 2 nd.

Realty 68
article thumbnail

Memphis Airbnb 2022: Why and Where Should You Invest?

Mashvisor

If you are looking to invest in the Tennessee housing market in 2022, consider Memphis Airbnb. Find out why you should take this step this year.

article thumbnail

BiggerPockets Podcast 560: Double Your Rental Income with Co-Living Cash Flow w/Sam Wegert

BiggerPockets

Co-living (coliving) may sound a bit scary at first to a landlord. You have a bunch of young professionals living under one roof. What if there is an argument over […].

article thumbnail

AirDNA Data vs Mashvisor Airbnb Data: What’s the Best Source of Short Term Rental Data?

Mashvisor

The introduction of short-term rental platforms such as Airbnb and Vrbo has reshaped the financial value of property assets.

article thumbnail

Beyond BRRRR: Taking Advantage of the Arbitrage Opportunity in Real Estate

BiggerPockets

The BRRRR strategy is not the ideal way to invest in real estate at this particular time. And, the reason for that is simple: There just isn’t much out there.

article thumbnail

The Best States for Landlords in 2022

Mashvisor

Buying and managing rental properties are different for every state. Context always comes into play when real estate investment is involved.

article thumbnail

MOR Mortgage doubling down on service and education in 2022

Mortgagebroker News

The Ontario-based organization is also making compliance a key focus of its approach this year

article thumbnail

Vista del Monte neighborhood in Los Gatos

San Jose Real Estate

A link to a comprehensive article with video drive through of the Vista del Monte neighborhood in Los Gatos on Mary Pope-Handy's "Live in Los Gatos" blog.

article thumbnail

RBC on Canada housing market demand

Mortgagebroker News

Home prices will likely be on a steady upward trend for the foreseeable future, it says

article thumbnail

How to minimize tenant turnover using online property management tools

Housing Wire

Tenant turnover happens when the current tenants move out of a rental property and the property is now vacant and it needs to be prepared for new tenants to move in. Turnover is one of the most costly aspects of the property management business, with the average turnover costing more than two thousand dollars. It can wreak havoc on your profits and negatively affect your vacancy rate especially if it happens frequently.