Wed.Aug 10, 2022

The Appraiser Diversity Initiative – What You Need to Know

Appraisal Buzz

Today’s Buzzcast interview is with Loren Cooke, President of Solidifi, and Scott Reuter, Chief Appraiser of Freddie Mac.

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Is housing inventory growth really slowing down?

Housing Wire

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. What does this mean?

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Fixer-Uppers Offer Path to Homeownership

Appraisal Buzz

Buying a fixer-upper remains a viable option for many buyers trying to stretch their dollar in the current environment of still-rising home prices, bidding wars, low inventory and rising interest rates.

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Lone Peak Lending joins Panorama Mortgage Group

Housing Wire

Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Lone Peak is the fourth lender to join Panorama this year, following the additions of Utah-based Rely Home Loans , Texas-based Prosperity Mortgage and Oregon-based Vision Mortgage Group.

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Cenlar Appoints Dave Applegate as Chairman of the Board of Directors

Appraisal Buzz

Cenlar FSB announced that Dave Applegate has been appointed Chairman of the Board of Directors. In addition, Executive VP and Chief Operating Officer Robert “Rob” Lux has been named co-CEO along with D. James “Jim” Daras, who will also serve as President.

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Wholesale behemoth UWM bolstering cash flow with MSR sales

Housing Wire

When the sky is falling in the mortgage industry, generally there is something else that is rising. For many larger nonbank lenders, including UWM Holdings Corp., the parent of United Wholesale Mortgage (UWM), what is rising in their favor is the value of mortgage servicing rights (MSRs).

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More Trending

Inflation falls in July, but housing prices keep rising

Housing Wire

After rising to its highest level in 40 years in June , inflation dropped slightly in July. Thanks to a decrease in the gasoline index the Consumer Price Index (CPI) remained unchanged from the month prior, after hitting a 1.3%

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Share of Homes Listed More Than 30 Days Increases

Appraisal Buzz

The share of U.S. homes that were listed for 30 days or longer without going under contract increased 12.5% in July from a year earlier, according to a new report from Redfin. the technology-powered real estate brokerage. In other words, 61.2%

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Changes ahead for Ginnie Mae and FHA’s manufactured housing program

Housing Wire

Ginnie Mae and the Federal Housing Administration are looking to take a bigger bite out of manufactured housing finance.

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Can AI Save The AI? Part I

George Dell

AI is “Artificial Intelligence.” The AI is Appraisal Institute. Artificial intelligence is a part of data science. Appraisal comprises science and art. Let’s take a look at what the primal AI intended, and what happened. Which is which? Once upon a time, science and art aspired to be the same.

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Doma says it’s still on the path to profitability

Housing Wire

Despite recording yet another quarter with a net loss, Doma executives remain steadfastly committed to reaching profitability by the end of 2023.

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The MSR Market Is Soaring, But Challenges Await

Appraisal Buzz

Buyers in the MSR market are finding great deals at this time, but these rewards may come with great risk as Allen Price of BSI Financial Services explains. The post The MSR Market Is Soaring, But Challenges Await appeared first on DSNews.

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SEC claims Angel Oak Capital Advisors deceived investors

Housing Wire

Angel Oak Capital Advisors , the investment management arm of non-QM lender Angel Oak Cos., has agreed to pay $1.75 million to settle charges brought by the U.S.

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Has Inflation Peaked?

Eyes on Housing

Consumer prices eased slightly from a 40-year high in July as declines in energy prices offset increases in food and shelter indexes. Despite this improvement, inflation remains above an 8% rate for a fifth straight month.

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Mortgage demand remains flat amid rate volatility

Housing Wire

Mortgage demand remained relatively flat last week amid volatility in mortgage rates in recent weeks. The market composite index , a measure of mortgage loan application volume, rose a marginal 0.2% for the week ending August 5, according to the Mortgage Bankers Association (MBA).

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GSEs to Require Servicers to Obtain Fair Lending Data 

Appraisal Buzz

In a move to assist borrowers in times of distress, the FHFA will require mortgage servicers to obtain fair lending data on borrowers to better understand their needs throughout the life of the loan. . The post GSEs to Require Servicers to Obtain Fair Lending Data appeared first on DSNews. The post GSEs to Require Servicers to Obtain Fair Lending Data appeared first on Appraisal Buzz. Around The Web

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Waters tells CFPB to shut down Equifax credit reporting

Housing Wire

California Democratic Congresswoman Maxine Waters wants Consumer Financial Protection Bureau Director Rohit Chopra to put a “moratorium” on Equifax , after it reported faulty credit scores of millions of consumers.

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The New Hiring Landscape

Appraisal Buzz

Dave Robertson of Guild Mortgage discusses hiring, retention, and how mortgage companies must work to set themselves apart in order to attract the talent they need. The post The New Hiring Landscape appeared first on theMReport.com. The post The New Hiring Landscape appeared first on Appraisal Buzz. Around The Web

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Celebrity Home Loans exits correspondent channel

Housing Wire

Mortgage lender Celebrity Home Loans shut down its correspondent channel and laid off employees on Tuesday. Amid a market downturn, the company has decided to focus on the retail lending business. “As

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Drop in Rates Brings Slight Rise in App Volume

Appraisal Buzz

Despite a four-month low reported in mortgage rates, overall application volume rose just 0.2% week-over-week, with a decline in purchase activity offset by an increase in refis. The post Drop in Rates Brings Slight Rise in App Volume appeared first on theMReport.com. The post Drop in Rates Brings Slight Rise in App Volume appeared first on Appraisal Buzz. Around The Web

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Tom Ferry and Gino Blefari take the stage at the Vanguard Forum Oct. 4

Housing Wire

Two industry titans, Tom Ferry, CEO of Tom Ferry International , and Gino Blefari, CEO of HomeServices of America , will join attendees for a fireside chat at the exclusive Vanguard Forum during HW Annual Oct.

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Overcoming Affordability Issues With DPA Programs

Appraisal Buzz

With a segment of home buyers still on the outside looking in, Richard Ferguson of CBC Mortgage Agency discusses downpayment assistance programs, and how this option can benefit buyers in today’s market. The post Overcoming Affordability Issues With DPA Programs appeared first on theMReport.com. The post Overcoming Affordability Issues With DPA Programs appeared first on Appraisal Buzz. Around The Web

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Refinancing Activity Down 82% Compared to August 2021

Eyes on Housing

Per the Mortgage Bankers Association’s (MBA) survey through the week ending August 5th, total mortgage activity increased slightly and the average 30-year fixed-rate mortgage (FRM) rate rose four basis points to 5.47%. The FRM rate has declined 35 bps over the past month but remains roughly 2.5

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Fixer-Uppers Remain Viable Option for Cash-Strapped Buyers

Appraisal Buzz

Buying a fixer-upper remains a viable option for many buyers trying to stretch their dollar in the current environment of still-rising home prices, bidding wars, low inventory and rising interest rates. While these properties do require buyers to put in a significant investment in physical work—not to mention time—they are a real solution for cost … The post Fixer-Uppers Remain Viable Option for Cash-Strapped Buyers appeared first on DSNews.

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3 Forms Your School Athletics Team Needs

GoForrmz

Modernize your athletic program with digital forms Athletic paperwork and processing have long led to burdensome administrative demands, slow and fragmented communication, delays in student-athlete participation, and a variety of other obstacles depending on the athletic program participation level.

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Desktop appraisals, PAREA: Where are we in 2022?

Valuation Review

Desktop appraisal technology promises to enhance the appraisal profession by assisting both lenders and appraisers. Confidence regarding this technology, both from appraisers and homeowners, however, remains a concern. Read on for more information and learn how you can download this special report

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What the future holds for variable rates

Mortgagebroker News

A September rate increase could spell further bad news

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A conversation with new ASA International President Richard Berkemeier

Valuation Review

Valuation Review recently sat down with the new ASA International President Richard Berkemeier. Earlier, we brought readers’ attention the initial announcement by ASA regarding this appointment, and now share more of what Berkemeier hopes to accomplish during his tenure.

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2022 mortgage market: What's in store for the rest of the year?

Mortgagebroker News

The rising-rate question is set to remain as relevant as ever in the year's closing months

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HUD publishes proposals for updating manufactured home standards

Valuation Review

The Department of Housing and Urban Development (HUD) published its proposals for updating the Manufactured Home Construction and Safety Standards, commonly referred to as the HUD Code. The proposed updates were published in the Federal Register and are the largest set of changes to the HUD Code in over two decades

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Economists: Canada's deceleration to last for a prolonged period

Mortgagebroker News

The economy will be labouring under supply-chain issues, labour shortages, and weaker capital spending

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Appraisal management platform verified by Freddie Mac

Valuation Review

AppraisalWorks, a provider of real estate appraisal technology, recently announced its AppraisalWorks appraisal management platform was verified by Freddie Mac. The platform was added to the company’s list of software partners

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Avison Young highlights Calgary office market's prospects

Mortgagebroker News

Volatility in one sector might prove to be a headwind in the near future

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Class Valuation recognized for innovation

Valuation Review

Class Valuation, an AMC focused on appraisal technology and innovation, was named a top spotlight innovator by Brookings Institute and ASHOKA in the Changemakers Challenge: Valuing Homes in Black Communities. Valuing Homes in Black-Majority Neighborhoods is a far-reaching effort of the Brookings Metropolitan Policy Program and Ashoka’s Economic Architecture Project to find solutions for housing devaluation

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