Wed.Apr 06, 2022

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Home inventory uptick expected within 6 months

Housing Wire

Nearly 65% of homeowners planning to sell this year expect to list by the end of summer, which should provide a much-needed influx of inventory that should slow the explosive home price growth seen during the pandemic, according to a Realtor.com survey of prospective sellers. Realtor.com Wednesday released the results of the online survey of 3,000 consumers conducted in February by HarrisX.

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Housing Finance, Technology, and the Future of the Appraisal Industry

Appraisal Buzz

Today’s Buzzcast interview is with Dave Stevens, CEO of Mountain Lake Consulting and Luke Tomaszewski, CEO of Proxy Pics. We sat down with Dave, Luke, and Joan Trice, Founder of Allterra Group, LLC to discuss the 3,000 foot view on housing finance, what’s happening next in the appraisal industry, and learning more about the future of technology in the appraisal industry.

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Mortgage applications fall amid low inventory, rising rates

Housing Wire

Interest in residential mortgage loans fell 6.25% for the week ending April 1 as rates jumped yet again , ever nearer to 5%, according to the Mortgage Bankers Association ‘s latest survey. Refinance applications are in a free fall, as few borrowers these days have an incentive to change their current loans rates. Additionally, home price appreciation and insufficient for-sale inventory are holding back purchase activity. .

Inventory 421
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Bias: Blame the Messenger?

George Dell

The messenger. Psychology research easily points out our tendency to dislike the bearer of bad news. It’s also intuitive. Bad news messengers do not smile when they bring the news. Sometimes they even look guilty. We humans can be really basic. We see a correlation between the bad news, the frown, and the messenger. Appraisers […]. The post Bias: Blame the Messenger?

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What lenders should know about today’s economic climate

Housing Wire

Between the recent rate hike from the Federal Reserve , the ongoing war in Ukraine and continued economic recovery following the pandemic, mortgage lenders across the country are managing a volatile housing market. Lenders are also bracing to combat predicted margin compression in the coming year as declining purchase demand, fueled by rising interest rates and the spike in home prices, collide with a drop in refinance activity and latent capacity in the market.

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FHA Seeks Feedback on Proposal for 40-Year Loan Mod Option for Borrowers in Forbearance

Appraisal Buzz

The Federal Housing Administration is seeking feedback on a proposal that would enable lenders to lengthen the loan term for FHA-backed mortgages in COVID-19-related forbearance plans to 40 years. “Increasing the maximum term limit to 480 months would allow mortgagees to further reduce the borrower’s monthly payment as the outstanding balance would be spread over a longer time frame, providing more borrowers with FHA-insured mortgages the ability to retain their homes after default,” the.

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More Trending

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Clear Capital Introduces Two New Desktop Appraisal Solutions

Appraisal Buzz

Clear Capital , a national real estate valuation technology company, has introduced two new desktop appraisal solutions – Desktop Appraisal and Desktop Data Collection. Desktop Appraisal is a GSE-compliant 1004 Desktop/70D residential appraisal that quickly delivers a reliable opinion of value with price certainty, the company says. Desktop Data Collection is a certified, background checked data collector-enabled property data gathering service designed to capture information, photos, and

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Mortgage Rates Reach 3-Year High

Eyes on Housing

In the past month, total mortgage activity, as measured by the Mortgage Bankers Association’s (MBA) Market Composite Index, underwent a series of weekly declines, decreasing in the latest week by 6.3 percent. The latest week’s survey is for the week ending April 1. The latest week’s activity consisted of a 3.4 percent decrease in purchasing and a 9.9 percent decrease.

Mortgage 153
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Home Prices Jump 20% From February 2021

Appraisal Buzz

CoreLogic released the CoreLogic Home Price Index (HPI) and HPI Forecast for February 2022, revealing home price growth recorded a year-over-year increase of 20% nationwide in February, another series high and marking 12 months of consecutive double-digit gains. The CoreLogic HPI Forecast shows national year-over-year appreciation slowing to 5% by February 2023, as rising interest … The post Home Prices Jump 20% From February 2021 appeared first on DSNews.

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Did Housing Inventory in Atlanta Increase in the 1st Qtr of 2022?

Hank Miller Team

April breaks over Georgia and the pencil necked geeks hike up their socks and tape up their glasses. It's time to answer the nagging question…did housing inventory in Atlanta increase during the first quarter of 2022? Well that answer is more than a yes/no binary option, context is needed and that’s best done by looking back a bit. The first quarter of any year around Atlanta tends to set up the second one.

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Bankruptcies Jump by 34% in March

Appraisal Buzz

Epiq, an Atlanta-based provider of intelligence to the legal services industry, has released its March 2022 bankruptcy filing statistics from its new Bankruptcy Analytics platform which found that filings increased by 34% last month representing 36,049 filings of all types, up from the 26,985 seen in February, and the 26,149 seen in January. However, for the first … The post Bankruptcies Jump by 34% in March appeared first on DSNews.

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Traditional Cap Rate by City 2022: What Investors Can Expect

Mashvisor

Deciding on an investment property can be tricky. The best way to determine if a rental property will be profitable is through data, specifically, the traditional cap rate.

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How Remote Bidding Technology Empowers Local Community Developers

Appraisal Buzz

Daren Blomquist of Auction.com explains how smaller-volume local buyers can better compete with institutional investors, whose capital and resources have historically given them the upper hand at in-person foreclosure auctions. The post How Remote Bidding Technology Empowers Local Community Developers appeared first on DSNews. The post How Remote Bidding Technology Empowers Local Community Developers appeared first on Appraisal Buzz.

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Mortgage Rates Watch April 2022: Mortgage Rates Hit Highest Since January 2019

Mashvisor

Mortgage rates play a very crucial role in the real estate industry. With the way things are going today, what can investors expect in 2022?

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Insurance Office of America’s SimplyIOA Platform Designed for Mortgage Industry

Appraisal Buzz

Insurance Office of America (IOA) is integrating SimplyIOA, an insurtech company with a fully integrated digital platform for comparing, quoting and purchasing homeowners insurance online quickly. SimplyIOA is designed for seamless integration into point-of-sale systems, loan origination servicing and self-servicing platforms. “Data-informed decisions and money-saving options are key for borrowers in this environment of ever-increasing insurance rates,” says Brian McDowell, CEO and president of

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BiggerPockets Podcast 593: The Ethical Wholesaler: Putting People Before Property Profits w/Jamil Damji

BiggerPockets

The words “ethical” and “wholesaling” are rarely used in the same sentence. For the most part, many real estate investors and agents look at wholesalers as deceptive, hard to read, […].

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FormFree, Take3Tech Import AccountChek Verification System to LoanMAPS Platform

Appraisal Buzz

FormFree has partnered with Take Three Technologies (Take3Tech) to make its AccountChek automated asset, income and employment verification solutions available within LoanMAPS , an all-in-one loan origination platform that encompasses a loan origination system (LOS), point-of-sale system (POS), customer relationship management system (CRM), compliance monitoring and report generation.

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Top 75 Brokers 2022

Mortgagebroker News

This year's Top 75 Brokers have delivered favourable services and deals amid economic complexities

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Protected: George Paquette Joins SettlementOne Valuation as Chief Appraiser

Appraisal Buzz

This content is password protected. To view it please enter your password below: Password: The post Protected: George Paquette Joins SettlementOne Valuation as Chief Appraiser appeared first on Appraisal Buzz.

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2022 Top 50 Best Mortgage Companies to Work For

Assurance Financial

Assurance Financial made the 2022 National Mortgage News list of top 50 Best Mortgage Companies to Work For! When we say our culture is different, we mean it, and we continue to prove it. The awards program is dedicated to recognizing lenders that are supportive employers and providing them with employee feedback on their strengths and weaknesses. The program is a partnership between National Mortgage News and the Best Companies Group, which conducts extensive employee surveys and reviews employ

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SitusAMC Launches Warehouse Administration Services

Appraisal Buzz

New turnkey offering, led by Managing Director Anthony Beshara, has been developed to scale warehouse businesses, while improving efficiency and reducing costs. The post SitusAMC Launches Warehouse Administration Services appeared first on DSNews. The post SitusAMC Launches Warehouse Administration Services appeared first on Appraisal Buzz.

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Canadian Mortgage Professional unveils Top 75 brokers for 2022

Mortgagebroker News

Winners have thrived amid a difficult climate

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The Investor’s Guide to Finding Long Term Airbnb Guests

Mashvisor

Running a long term Airbnb business is a great and simple model that helps ensure you book enough days to earn a profit.

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How to Refinance an Inherited House | Total Mortgage Blog

Total Motgage

By refinancing an inherited house, you could potentially lower your monthly mortgage payments or make necessary updates or repairs by accessing built-up equity. Here’s what you need to know when it comes to refinancing your inherited property.

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How Is the Tampa Florida Real Estate Market in 2022?

Mashvisor

The Tampa Florida real estate market in 2022 seems to be on its way to replicating its impressive performance in 2021.

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How to Refinance an Inherited Property to Buy Out Heirs [2022 Guide] | Total Mortgage Blog

Total Motgage

Inheriting a house with siblings means that each person owns an equal share of the property. While you and your siblings can continue to share ownership of the inherited house, refinancing is another option worth considering. Follow this guide on how to refinance an inherited property to buy out heirs.

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Ruoff Incorporates Black Knight’s Mortgage Services Solutions for In-House Operations

Appraisal Buzz

Ruoff Mortgage Company Inc. , a full-service residential mortgage company with more than 70 retail branch locations, has signed a contract to use Black Knight Inc. ’s Black Knight MSP loan servicing system. MSP is a comprehensive, end-to-end platform that supports all aspects of servicing – from loan boarding to default – for first mortgages, as well as home equity loans and lines of credit, on a single system.

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Refinancing a Mortgage: Benefits, Costs, and Process Explained | Total Mortgage Blog

Total Motgage

Refinancing a mortgage can be a great financial move for homeowners to potentially lower monthly mortgage payments, tap home equity, or build equity more quickly by shortening the term of the loan. Refinancing can save you money — but it can cost you money too. Before you start the refinancing process, you should know how it works, the benefits and drawbacks, and the steps you’ll need to take.

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Lamacchia Realty Announces Top Producing REALTORS® for March 2022

Lamacchia Realty

Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for March 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! March 2022 Winners of the Top 10 for the Company are: Shauna Fanning has a passion and a drive for customer service and customer relations and has over 17 years in the field.

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Getting a Home Loan Approval: How Long Does It Take? | Total Mortgage Blog

Total Motgage

As you’re starting the process of buying a home, you may be wondering how long everything takes. Specifically, you may be curious about how long the home loan approval process takes. Don’t worry, we’ve got you covered. In this article, we’re going to highlight how long it takes to get approved for a home loan, as well as what you’ll need before starting the process.

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Minorites Found To Pay Higher Application, Security Deposit Fees

Appraisal Buzz

Finding a place to rent is harder than anytime since 1984 as the low number of available units means that each available unit is receiving multiple applicants. While the Fair Housing Act prevents discrimination based on race, sex, nationality, or religion, minority renters still face additional scrutiny during the application process by way of having … The post Minorites Found To Pay Higher Application, Security Deposit Fees appeared first on DSNews.

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