Fri.Jul 01, 2022

2022 Five Star Conference Agenda Announced

Appraisal Buzz

Returning to Dallas this September, the annual conference will once again unite mortgage servicers, government representatives, agents, vendors, attorneys, and other stakeholders for three days of education, networking, and entertainment. The post 2022 Five Star Conference Agenda Announced appeared first on DSNews. The post 2022 Five Star Conference Agenda Announced appeared first on Appraisal Buzz. Around The Web

Banks report rise in mortgage delinquencies

Housing Wire

Banks reported an increase in foreclosures during the first quarter of 2022, according to a quarterly survey published by the Office of the Comptroller of Currency this week.

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Are Mortgage Servicers in Their “Golden Age?”

Appraisal Buzz

An upcoming installment in the Five Star Institute Webinar Series will discuss the current era in mortgage servicing and provide tips on how to navigate this record-breaking time in the servicing space. The post Are Mortgage Servicers in Their “Golden Age?” appeared first on DSNews.

Announcing the 2022 Marketing Leaders!

Housing Wire

Connecting with clients and consumers has never been an easy task, and today’s market has been no exception. On the heels of a global COVID -19 pandemic that keeps rearing its head, the housing economy is now faced with rising rates and dismal inventory.

Q1 Mortgage Performance Makes Strides

Appraisal Buzz

New data from the first quarter continues to roll in as the Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the first quarter of 2022 by a decent margin.

After 50 bps fee backlash, FHFA will review capital rule

Housing Wire

The Fed eral Housing Finance Agency (FHFA) will review the enterprise regulatory capital framework in the “near term,” officials said — after getting an earful from industry players since unveiling a new securities fee.

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Deephaven Mortgage offers hands-on training to help brokers gain expertise with non-QM product offerings

Housing Wire

With more hopeful homeowners searching for non-traditional lending solutions, brokers are looking to partner with wholesale lenders that can offer unique options.

Wells Fargo Donates $40M in Efforts to Grow Diverse Housing Developers

Appraisal Buzz

The estimated $175 billion U.S. housing development market is known for high barriers to entry, as data shows real estate developers of color make up less than 5% of the industry.

Ex-employees sue FGMC for discrimination, retaliation

Housing Wire

Three former employees are suing First Guaranty Mortgage Corporation (FGMC) and financial backer Pacific Investment Management Company (PIMCO), alleging they were discriminated against on the basis of their gender and then retaliated against for complaining. .

Borrower Demand Driving the Digital Mortgage Revolution

Appraisal Buzz

Souren Sarkar of Nexval, a 25-year industry veteran, shares his insight on how digital advances will change the industry’s workflow and keep customers happy. The post Borrower Demand Driving the Digital Mortgage Revolution appeared first on theMReport.com.

MSR market closes June on $5.2B high note, but has it peaked?

Housing Wire

The mortgage-servicing rights (MSR) market continued to defy gravity and remained upward bound as June came to a close. On the last day of the month, the New York-based Mortgage Industry Advisory Corp. (or

Sellers Drop Prices Amid Rising Affordability Issues

Appraisal Buzz

Affordability issues are officially taking a toll on the market as the average asking price of a newly listed home is off 1.5% from its peak in spring in light of the rapid rate increase by the Federal Reserve in June.

Private Residential Spending Inches Up in May

Eyes on Housing

NAHB analysis of the Census Construction Spending data shows that private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $938.2 billion in May. It was 0.2% up over the upwardly revised April estimates of $935.9 billion.

Redfin: Home Prices Come Down From All-Time High

Appraisal Buzz

Affordability issues are officially taking a toll on the market as the average asking price of a newly listed home is off 1.5% from its peak in spring in light of the rapid rate increase by the Federal Reserve in June.

West Virginia Appraisal Board Scheme

Appraisers Blog

The Doomed Quest to Reform a corrupt West Virginia Licensing Board “Board members earn money working for a law firm that files lawsuits against appraisers,” said one West Virginia appraiser… Readers of DC Comics will be familiar with Bizarro World, a cube-shaped planet that is home to a weirdly inverted version of reality.

CoreLogic Unveils New Discovery Platform

Appraisal Buzz

CoreLogic has announced the launch of Discovery Platform, a cloud-based data exchange and property analytics ecosystem. Powered by the industry’s first integrated property identifier, CoreLogic’s CLIP ID, and built on more than 50 years of data spanning 99.9% of U.S.

Veteran appraiser offers advice when hiring a trainee

Valuation Review

This month’s installment from Dustin Harris (“The Appraiser Coach”) deals with appraisers reaching out for some assistance. In his blog “What to Do When Hiring a Trainee,” Harris outlines specific steps appraisers should take when looking to bring someone into their business.

RIHA Studies Impact of Aging Baby Boomer Homeowners on Housing Supply

Appraisal Buzz

The Mortgage Bankers Association ‘s (MBA) Research Institute for Housing America (RIHA) has released research showing more than 4 million existing-homes for sale annually over the next decade will come from the aging and mortality of older homeowners.

Consultant shares appraisal matters at conference

Valuation Review

Valuation Review attended this year’s National Association of Appraisers Annual Conference & Trade Show in South Carolina. Josh Walitt, veteran appraiser and principal consultant of Walitt Solutions, was one of the presenters giving a very detailed presentation on some issues facing appraisers.

ATTOM Finds Nearly All Analyzed Counties Less Affordable in Q2 than Historic Averages

Appraisal Buzz

ATTOM ’s Q2 2022 U.S. Home Affordability Report shows that median-priced single-family homes and condos are less affordable in the second quarter of 2022 compared to historical averages in 97% of counties across the nation with enough data to analyze.

FDIC economist to address ASA conference attendees

Valuation Review

The American Society of Appraisers (ASA) announces the selection of LaVaughn Henry as its keynote speaker for the 2022 ASA International Conference, Sept. 10-12 in Tampa, Fla., and virtually. Henry is a former senior economist for the Council of Economic Advisers in the Executive Office of the President (the White House), and the senior regional officer and vice president for the Federal Reserve Branch in Cincinnati

Angel Oak Names New VP of Correspondent Sales, Expands Westward

Appraisal Buzz

Angel Oak Home Loans has brought 30-year industry veteran Steve Valladares into the fold to manage its correspondent business line, and has announced four new branches in the western U.S. The post Angel Oak Names New VP of Correspondent Sales, Expands Westward appeared first on theMReport.com. The post Angel Oak Names New VP of Correspondent Sales, Expands Westward appeared first on Appraisal Buzz. Around The Web

HUD awards house discrimination funding

Valuation Review

The U.S. Department of Housing and Urban Development recently awarded $125,000 to support fair housing organizations working to help end housing discrimination. These funds are provided through the Department’s Fair Housing Initiatives Program

Kick-Starting D&I Initiatives in the Mortgage Finance Space

Appraisal Buzz

Five Star’s Diversity and Inclusion Symposium assembled a number of D&I experts for a day of advancing the diversity conversation within the mortgage industry. The post Kick-Starting D&I Initiatives in the Mortgage Finance Space appeared first on theMReport.com. The post Kick-Starting D&I Initiatives in the Mortgage Finance Space appeared first on Appraisal Buzz. Around The Web

FHFA announces equitable housing finance plans for Fannie, Freddie

Valuation Review

The Federal Housing Finance Agency (FHFA) recently announced the release of Fannie Mae's and Freddie Mac’s (the Enterprises) Equitable Housing Finance Plans for 2022-2024. These plans are designed to complement the initiatives outlined in FHFA’s Strategic Plan: Fiscal Years 2022–2026 that promote the Enterprises’ safety and soundness and foster housing finance markets that provide equitable access to affordable and sustainable housing

HUD Reaches Settlements Over Fair Housing Act Violations

Appraisal Buzz

In two separate cases, HUD has reached agreements in Massachusetts and California with several parties in settling housing discrimination claims. The post HUD Reaches Settlements Over Fair Housing Act Violations appeared first on DSNews. The post HUD Reaches Settlements Over Fair Housing Act Violations appeared first on Appraisal Buzz. Around The Web

NAHB: Wavering builder confidence causing future economic problems

Valuation Review

Rising inflation and higher mortgage rates are slowing traffic of prospective homebuyers and putting a damper on builder sentiment, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). In a troubling sign for the housing market, builder confidence in the market for newly built single-family homes posted its sixth straight monthly decline in June, falling two points to 67. Read on to learn more

Real Estate Magazine Features Jackie Louh and Anthony Lamacchia

Lamacchia Realty

Jackie Louh and Anthony Lamacchia are featured on the cover of and in the July 2022 issue of Real Estate Magazine by RIS Media.

Subject Property Location in Appraisals

Appraisal Today

Subject Property Actual Location. By Dave Towne.

The Complete Guide to Rental Property Loans

Mashvisor

While the home buying market gets most of the attention and coverage from the media and economists, the single-family residential (SFR) rental property market is a booming $4.4 trillion industry… Financing Tips Investor Blogs Equity Guest Blogs Hard Money Lenders Mortgage Private Money Lender

Boston 25 Zip Trip: Dorchester, MA

Lamacchia Realty

Boston 25 Zip Trips are back and Lamacchia Realty will be there all summer long ! Today’s travels took us to Dorchester, MA where Anthony spoke with Gene Lavanchy about the Dorchester housing market including the number of sales, average prices, and more.

Your Guide to "For Sale by Owner"

Eppraisal

For Sale by Owner, or FSBO, is a method for selling your own home that can save you money as long as you know how to use it properly. Understanding all the details of how FSBO works will help you decide if it is right for you.

Will Housing Inventory Increase in 2022?

Mashvisor

In the past few years, the housing inventory saw some of its biggest shortages, shaping the entire housing market across the US. But is it recovering in 2022? Table of… Buying Investment Property Investor Blogs Financing Location Market Analysis Mortgage Real Estate Data Real Estate Tips

What is a Master Lease and How Can Investors Use It to Scale?

BiggerPockets

Property management is a low-margin and labor-intensive business because it’s difficult to maintain a property and keep tenants happy. It’s why many real estate investors outsource property management so they […]. General Real Estate* master lease