Sacramento Appraisal Blog
JUNE 6, 2022
Sellers haven’t had to negotiate much with buyers over the past two years, but that’s starting to change. Let’s talk about this today by looking at seller concessions (credits for repairs, help with closing costs, etc…). I hope you enjoy, whether you’re local or not. THE HONEYMOON IS OVER: It’s like the market was on […].
Housing Wire
JUNE 6, 2022
Frank Nothaft, chief economist at CoreLogic and before that, the top economist at Freddie Mac , has died. He was 66. At CoreLogic, Nothaft headed the office of the economist, providing analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets. Prior to joining CoreLogic in 2015, Nothaft had a nearly 30-year career at Freddie Mac, where he was most recently the chief economist. “When I arrived at Freddie Mac in 2012 he was a long-established major nam
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Appraisal Buzz
JUNE 6, 2022
The use of Microsoft Excel is widespread in the appraisal industry. In a recent survey, Excel was among the top four software tools on which appraisers said they’d like additional training. Are you looking for new and better ways to leverage Excel tools in your appraisal business? Here are six Microsoft Excel training resources for real estate appraisers—exclusively available to McKissock Unlimited Learning Members.
Housing Wire
JUNE 6, 2022
The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. While four prominent trade groups voiced support, they also proposed some tweaks. The Mortgage Bankers Association, Housing Policy Council, National Association of REALTORS and the American Bankers Association agreed a 40-year loan modification should be a permanent fixture in the administration’s loss mitigation handbook, suggesti
Appraisal Buzz
JUNE 6, 2022
This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. Now is your last time to sign up to receive the Appraisal Buzz Magazine for free from the Appraisal Buzz Premium Membership ! It’s easier than you think to miss the basics. As appraisers, when we think of improving our skills and appraisal services, we often think about upping our game on market analysis, improving our report layouts, or venturing into a new property type.
Housing Wire
JUNE 6, 2022
It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. And it’s likely to continue – executives are calling this one of the most challenging periods in memory. By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020.
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Housing Wire
JUNE 6, 2022
Figure Technologies co-founder and CEO Mike Cagney. Fintech lender Figure Technologies and multichannel originator Homebridge Financial Services last August announced a merger that they claimed would usher in monumental change to the mortgage industry. Figure, founded in 2018 by SoFi co-founder Mike Cagney, would bring a blockchain tech platform to the merged company, which would double the lender’s capacity to fulfill loans.
Appraisal Buzz
JUNE 6, 2022
The U.S. economy added 390,000 jobs in May, above expectations, however the unemployment rate remained flat for a third straight month at 3.6%, according to the U.S. Bureau of Labor Statistics. As has been the trend for months now, most of the job gains were in leisure and hospitality, professional and business services, and transportation and warehousing.
DW Slater Company
JUNE 6, 2022
via GIPHY. On June 13, 1980, I was just a young soon-to-be 6th grader living near the Houston, TX area. I did not hear about Candy Montgomery. Thankfully, I was unaware of how Candy came over to Beth Gore’s house on Friday the 13th and murdered her with 41 blows from an ax. I did not know how she did this in between Vacation Bible School and went about her day as if nothing had happened.
Appraisal Buzz
JUNE 6, 2022
Industry reacts to the loss of visionary economist and longtime Freddie Mac exec after sudden passing. The post Longtime Industry Economist Frank Nothaft Passes Away appeared first on DSNews. The post Longtime Industry Economist Frank Nothaft Passes Away appeared first on Appraisal Buzz.
Appraiserblogs
JUNE 6, 2022
These Property Data Reports have a higher level or different reporting requirements than ordinary traditional appraisals. Appraisers, on Tuesday 5/24/22, an AMC sent a message to their appraiser panel appraisers asking them if they’d like to ‘help their lender clients’ by doing Property Data Reports (PDR). Let’s decipher what this is all about. Freddie Mac has decided, that as of Sunday, July 17, 2022, they must have a PDR (Property Data Report) completed “by someone” in order for the loan appli
Appraisal Buzz
JUNE 6, 2022
Reverberations and repercussions from the pandemic continue to move through the real estate market. The latest news of such comes from American Land Title Association (ALTA) who found that, driven by meteoric rise in originations and home values last year, has caused title insurance premiums to increase by 35.9% in 2021. The 35.9% increase seen … The post Title Insurance Market Sees Double Digit Growth appeared first on DSNews.
McKissock
JUNE 6, 2022
The use of Microsoft Excel is widespread in the appraisal industry. In a recent survey, Excel was among the top four software tools on which appraisers said they’d like additional training. Are you looking for new and better ways to leverage Excel tools in your appraisal business? Here are six Microsoft Excel training resources for real estate appraisers—exclusively available to McKissock Unlimited Learning Members.
Appraisal Buzz
JUNE 6, 2022
The Federal Housing Finance Agency (FHFA) has released its inaugural Mission Report that describes the activities of Fannie Mae and Freddie Mac (Enterprises) and the Federal Home Loan Banks (FHLBanks) in 2021 to provide greater access to financing for targeted economic development and affordable, equitable and sustainable housing. The 2021 Mission Report shows that the Enterprises acquired more than 360,000 homeownership loans through their affordable housing programs with 62% of acquisitions be
Lamacchia Realty
JUNE 6, 2022
Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for May 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! May 2022 Winners of the Top 10 for the Company are: Bea Murphy is one of our REALTORS® based in the Braintree office, with expert local knowledge of Weymouth, Hanover, as well as the rest of the South Shore.
Appraisal Buzz
JUNE 6, 2022
Competition ensures a healthy and productive market. Credit scores are no exception. A new study commissioned by VantageScore Solutions, a consortium of the three credit bureaus (Equifax, Experian, and TransUnion), found that institutional investors with exposure to asset-backed securities (ABS) and residential mortgage-backed securities (RMBS) are supportive of competitive credit scoring methodologies and desire more … The post Alternative Credit Scoring Models Matter appeared first on D
Mashvisor
JUNE 6, 2022
A real estate investor could strike gold by providing student housing in a good college town. Table of Contents College Town: What Is It?
Appraisal Buzz
JUNE 6, 2022
Remote work has allowed more to migrate to the suburbs and rural locations, areas where homes with high-fire-risk are selling for an average of $120,000 more than lower-risk areas. The post Fire-Prone Suburban Home Sales Heat Up appeared first on DSNews. The post Fire-Prone Suburban Home Sales Heat Up appeared first on Appraisal Buzz.
BiggerPockets
JUNE 6, 2022
Can you reach financial independence and retire within the next 10 years? Yes, but it would take a huge savings rate. I’ve never subscribed to the idea of retiring at […].
Appraisal Buzz
JUNE 6, 2022
Rising home prices and unpredictable interest rates continue to complicate affordability pressures in the housing market. However, the same dynamics have also served to increase the housing wealth of American mortgage holders by a significant margin, according to the latest Mortgage Monitor Report from the Data & Analytics division of Black Knight, Inc.
Mashvisor
JUNE 6, 2022
Have you been looking for ways to analyze Trulia homes for sale? This article shows you how to analyze homes on this real estate website.
Appraisal Buzz
JUNE 6, 2022
Black Knight Inc. ’s Data & Analytics division has released its latest Mortgage Monitor Report , based upon the company’s mortgage, real estate and public records datasets. While rising home prices and volatile interest rates continue to compound the affordability pressures in the housing market, the same dynamics have also served to increase the housing wealth of American mortgage holders by a significant margin.
Lamacchia Realty
JUNE 6, 2022
This content is password protected. To view it please enter your password below: Password: The post Protected: Jackie Louh Promoted to Chief Operating Officer of Lamacchia Realty appeared first on Lamacchia Realty.
BiggerPockets
JUNE 6, 2022
What do DIY landlording and inflation have to do with each other? Surprisingly, much more than you would think. As the year progresses and the housing market stays hot, more […].
Mortgagebroker News
JUNE 6, 2022
Still, the news indicates a "correction" rather than a crash is taking place, says prominent industry member
Town & Country Residential Appraisals
JUNE 6, 2022
When making a decision to contract just about anyone to perform a service, one of the most important qualifiers for most is the experience one brings to the table. You really don’t want someone building your deck who has never built one before or replacing your transmission if they have never worked on cars. It works the same with performing real estate appraisals.
Mortgagebroker News
JUNE 6, 2022
The central bank's "hawkish tone" leaves no room for doubt when it comes to its near-future approach to the policy rate
AmeriMac
JUNE 6, 2022
As a homeowner, you may be asked to get a home appraisal for a variety of reasons. Maybe you’re refinancing your mortgage, or perhaps you’re selling your home. As a home seller, you will need to go through the process of home appraisal to secure a mortgage. In any case, an accurate appraisal is critical to the process. What is a Home Appraisal?
Mortgagebroker News
JUNE 6, 2022
Extensive rental housing complex to undergo repair and renovations on its 50th anniversary
National Association of Realtors
JUNE 6, 2022
Fannie Mae’s adoption of the ANSI standard for measuring the area of a home is creating questions, inconsistencies.
Mortgagebroker News
JUNE 6, 2022
Possibilities and challenges have emerged from the cooldown, says mortgage executive
Housing Wire
JUNE 6, 2022
Over the next decade, the distinction between non-QM and QM loans will be blurred and the government-sponsored enterprises (GSEs) may have to accommodate the growing market of non-W2 borrowers. That is what mortgage executives and analysts forecasted for the non-QM market on Friday during IMN’ s third annual Non-QM Forum in California as they took note of the rapidly expanding space and the revised Consumer Financial Protection Bureau (CFPB)’s General Qualified Mortgage final rule, b
Mortgagebroker News
JUNE 6, 2022
Give-and-take is fundamental to establishing clients' trust
Eyes on Housing
JUNE 6, 2022
Using the Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics (BLS), NAHB Economics estimates that a home purchase triggers significant spending on appliances, furnishings, and remodeling. NAHB’s most recent estimates are based on the pre-pandemic 2017-2019 data and show that during the first year after closing on the house, a typical buyer of a newly-built single-family detached.
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