Housing Wire

APRIL 20, 2022

A Department of Veterans Affairs lending program for Native American veterans has been severely underutilized, a government watchdog found. According to a report the Government Accountability Office published this week, the VA’s Native American Direct Loan program only resulted in 89 loans originated in the continental U.S. from 2012 to 2021. This represents less than 1% of the estimated potentially eligible population of 70,000 veterans, the watchdog agency said.

Government 540

Government Lending Development Legal 540

Appraisal Buzz

APRIL 20, 2022

Quickly rising mortgage rates are compounding affordability challenges that have been brought on by record home value growth. The cost of a 30-year mortgage on the typical U.S. home is now 19.5% higher than it was just three months ago, according to Zillow ’s March Real Estate Market Report. Despite this, the pace and volume of sales picked up in March, showing the depth of the pool of home buyers willing and able to meet.

Mortgage 195

Mortgage Home Value Real Estate Buyers 195

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 million. However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. However, hope for a balanced market is real this year because, with higher rates, we should see more days on the market coming up and growth in the inventory data.

Housing Market 483

Housing Market Marketing Inventory Mortgage 483

Appraisal Buzz

APRIL 20, 2022

PERSON OF THE WEEK: Licensing is an extremely important aspect of mortgage compliance, yet it is often taken for granted. Most of the entities involved in the mortgage process – from the origination side including brokers, LOs, correspondents, loan processors, retail lenders, wholesale lenders, warehouse lenders, underwriters and loan fulfillment, to the servicing side of the business, master servicers, primary servicers, sub-servicers, special servicers and debt collectors, etc. – r

Mortgage 195

Mortgage Retail Business Appraisal 195

Housing Wire

APRIL 20, 2022

With rates at the highest level in a decade, mortgage applications for the week ending April 15 fell 5%, according to the latest survey by the Mortgage Bankers Association. The drop was largely driven by an 8% decline in refinancing applications, which was 68% lower than the same week one year ago. The seasonally adjusted purchase index dropped 3% from the week prior, according to the trade group.

Mortgage 404

Mortgage Contracts Buyers 404

Appraisal Buzz

APRIL 20, 2022

Asteroom Inc. has launched its new nationwide desktop appraisal data collection service to fully enable the new property valuation method called desktop appraisal endorsed and approved by Fannie Mae and Freddie Mac that started on March 19, 2022. The complete solution in support of desktop appraisals does not require an appraiser’s physical inspection.

Appraisal 195

Appraisal Inspection Valuation Technology 195

Appraisal Buzz

APRIL 20, 2022

Now is not a great time to be a renter according to new data from Redfin which found that the median rent surged 17% in March to $1,940, its largest annual increase since February 2020. At the same time, the median price of a mortgage rose twice as fast: it rose by 34% as compared … The post Rent Prices Find New High in March appeared first on DSNews.

Appraisal 150

Appraisal Mortgage 150

Eyes on Housing

APRIL 20, 2022

The share of adults planning a home purchase within a year fell for a third straight quarter in the first three months of 2022, down to 13%. The last time fewer American adults intended to buy a home was in the second quarter of 2020 (11%). The decline is evidence that the COVID-induced boost to housing demand is past its.

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Appraisal Buzz

APRIL 20, 2022

Upward trends in mortgage rates and median prices are forcing more back to the sidelines to re-consider their housing options. The post First-Time Buyers Continue to Feel the Squeeze appeared first on DSNews. The post First-Time Buyers Continue to Feel the Squeeze appeared first on Appraisal Buzz.

Buyers 195

Buyers Appraisal Mortgage 195

Eyes on Housing

APRIL 20, 2022

Preference for newly constructed homes skyrocketed in 2020, as buyers looked for homes with more square footage and amenities in which to work remotely, school children, exercise, etc. By the fourth quarter of 2020, 42% of prospective buyers preferred new construction. Since then, however, rising new home prices (driven by a 31% increase in the cost of building materials) have.

Construction 164

Construction Buyers 164

Mashvisor

APRIL 20, 2022

A wise real estate investor looking to own rental properties always considers rental comps a valuable resource before making any final decisions.

Real Estate 69

Real Estate Investors Tools 69

BiggerPockets

APRIL 20, 2022

When entering the real estate investing arena, you must be prepared to face challenges. Real estate is not as cut and dry as some may think. Winning a deal doesn’t […].

Real Estate 60

Real Estate Investors Investing Real Estate Agent 60

Mashvisor

APRIL 20, 2022

Purchasing an Airbnb Myrtle Beach SC in 2022 could be an excellent investment, as oceanfront condos may be considered second residences.

Investing 67

Investing Real Estate Marketing Investors 67

BiggerPockets

APRIL 20, 2022

Opportunity zone investing hasn’t always been around for real estate investors to take advantage of. But as the government began upping the incentives around this type of real estate investing, […].

Investing 55

Investing Real Estate Government Investors 55

Mashvisor

APRIL 20, 2022

Short term rentals are real estate investment properties that are bought specifically to be rented out as vacation rentals.

Investing 68

Investing Investors Real Estate Tools 68

Mortgagebroker News

APRIL 20, 2022

New figures show that Canada’s March annual inflation rate was higher than Bay Street had anticipated

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Housing Wire

APRIL 20, 2022

Bonnie Williamson never intended to be a real estate agent. As a French major and Russian and political science minor at the University of Michigan, Williamson had initially entertained the idea of going into politics. Instead, she was recruited out of school as one of Pan Am ’s first Russian speaking stewardesses. Williamson was on the airline’s inaugural flight to Moscow in 1968.

Real Estate Agent 410

Real Estate Agent Real Estate Agents Brokerage 410

Mortgagebroker News

APRIL 20, 2022

Pillar Financial SVP on the huge opportunity available to brokers looking for deals in more remote areas

Lending 68

Lending 68

Housing Wire

APRIL 20, 2022

eVaults are an integral part of any end-to-end digital mortgage transformation. They enable lenders to originate and securely hold eNotes and accelerate capital market transactions. eVaults also support an enhanced customer experience for borrowers and streamline interactions with other participants — warehouse lenders, investors, servicers, etc. — within the mortgage ecosystem.

Lending 349

Lending Technology Investors Business 349

Mortgagebroker News

APRIL 20, 2022

March sales numbers might be the first in a longer series of market softening, BMO says

Housing Market 68

Housing Market Marketing 68

Housing Wire

APRIL 20, 2022

Fannie Mae has lowered its mortgage origination forecasts for 2022 and 2023 due to the Federal Reserve’s (Fed) aggressive inflation-fighting monetary policy and corresponding volatility in the mortgage market. Fannie’s Economic and Strategic Research (ESR) Group dropped its projected single-family mortgage origination volume for 2022 from $3 trillion to $2.8 trillion.

Technology 442

Technology Mortgage Contracts Real Estate 442

Mortgagebroker News

APRIL 20, 2022

New buyers and homeowners alike are facing a rapidly changing borrowing landscape

Clients 69

Clients Buyers 69

Housing Wire

APRIL 20, 2022

Wholesale lender Homepoint is becoming a broker of sorts…for mortgage brokers. The Ann Arbor, Michigan-based company has launched a referral program aimed at connecting mortgage brokers with regional homebuilders as well as homebuyers. Homepoint’s “New Build program” connects homebuilders with business purpose construction financing through in-region mortgage brokers, with loan amounts up to $4 million per unit or $25 million per project.

Supply Chain 380

Supply Chain Construction Renovations Investors 380

Mortgagebroker News

APRIL 20, 2022

New Co-operative Housing Development Program to receive half a billion in funding

Government 60

Government Development 60

Housing Wire

APRIL 20, 2022

In the first article of this series, I discussed the argument for turning Fannie Mae and Freddie Mac into public utilities, which would result in more Americans having fair access to mortgage services. However, regulating government-sponsored enterprises (GSEs) as public utilities is not without its detractors. Privatization is often presented as an alternative option, but as I mentioned in the previous article, it’s not always the ideal approach.

Housing Market 423

Housing Market Marketing Lending Investing 423

Mortgagebroker News

APRIL 20, 2022

The residential segment was a major driver of gains

Construction 67

Construction Investing 67

Appraisal Buzz

APRIL 20, 2022

The consumer question at bay, do insurance companies cover natural disasters? The answer is, there is no single insurance policy specifically labeled for natural disasters, but there are homeowners insurance plans that cover several types of potentially home-damaging catastrophes. Natural disasters covered by home insurance depend on the type of policy one has.

Insurance 195

Insurance Appraisal 195

Mortgagebroker News

APRIL 20, 2022

Housing complex under development to provide hundreds of new homes in Toronto

Investing 51

Investing Development 51

Appraisal Buzz

APRIL 20, 2022

Existing-home sales decreased in March, marking two consecutive months of declines, according to the National Association of Realtors. Month-over-month, sales in March waned in three of the four major U.S. regions while holding steady in the West. Sales were down across each region year-over-year. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, dipped 2.7% from February to a seasonally adjusted annual rate of 5.77 million in

Realtors 150

Realtors Appraisal 150

Eyes on Housing

APRIL 20, 2022

As rising mortgage rates and high inflation continue to price out homebuyers and reduce affordability, existing home sales dropped to the lowest level since June 2020, according to the National Association of Realtors (NAR). However, the trend in home price appreciation continued as supply remained tight. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, fell 2.7% to.

Realtors 145

Realtors Mortgage Inventory 145

Appraiserblogs

APRIL 20, 2022

No one wants to be the messenger… Appraisers are messengers. Why is their message so despicable? So biased? 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.

Training 130

Training Appraisal Real Estate Valuation 130

Buys Brokers Only LLC

APRIL 20, 2022

Massachusetts single-family inventory continued its multi-year decline, plunging another 30 percent in March 2022 to only 3,007 houses available statewide, according to data compiled by the Massachusetts Association of Realtors (MAR).

Inventory 47

Inventory Realtors Real Estate Marketing 47

Appraisal Buzz

APRIL 20, 2022

Fannie Mae announced that it has executed its fourth Credit Insurance Risk Transfer (CIRT) transaction of 2022. Dropping nearly 12% from the first transaction of $26 billion executed in February, Fannie Mae will retain risk for the first 45 basis points of loss on the $23.1 billion covered loan pool. As part of Fannie Mae’s … The post Fannie Mae Executes $23.1B CIRT on Single-Family Loans appeared first on DSNews.

Insurance 195

Insurance Appraisal 195

Mashvisor

APRIL 20, 2022

Irvine, California – CoreLogic’s Single Family Rent Index (SFRI), which analyzes data for single family rent price fluctuations in the US, was released in March.

Investors 69

Investors Real Estate Marketing 69