Housing Wire

JUNE 13, 2022

Overall mortgage rate lock took a hit in May, led by a drop in refinance activity, both for rate-term refis and cash-outs. In a higher rate environment, lenders were more reliant on the purchase market for origination volumes. Rate locks were down 4.8% last month, according to Black Knight ’s monthly mortgage originations market report. Purchase locks, which are not as rate-sensitive as refinancings, accounted for 82% of the entire share of rate locks in May, the largest slice since Black Knight

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Appraisal Buzz

JUNE 13, 2022

Technology will continue to infiltrate the industry – learn about how ProxyPics technology and tools will put you at the forefront of real estate transactions as the GSEs continue to evolve valuation options in the digital age. Join us for our upcoming webinar, “ Still Using a Clipboard and a Tape Measure? Get an Inside Look at Tech-Enabled Valuation Solutions ” on June 14th at 2 pm with Luke Tomaszewski, Vin Vomero, and Jordan Yount.

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Housing Wire

JUNE 13, 2022

Buying a home is stressful in any market. Now, with inventory levels at historic lows and median home prices at historic highs, the purchase climate has become a Thunderdome. Nearly one in four recent homebuyers scheduled extra therapy sessions to cope with the stress, according to a recent Realtor.com survey. Homebuyers are also seeking information about another possible source of relief: homebuyer assistance programs.

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Appraisal Buzz

JUNE 13, 2022

Former Redfin exec joins provider of distressed residential investment properties to spearhead the firm’s marketing efforts. The post Kuba Poraj-Kuczewski Named Chief Marketing Officer for New Western appeared first on DSNews. The post Kuba Poraj-Kuczewski Named Chief Marketing Officer for New Western appeared first on Appraisal Buzz.

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Marketing Investing Appraisal 276

Housing Wire

JUNE 13, 2022

Multichannel lender Finance of America (FoA) Monday announced Patti Cook will step down from her role as chief executive officer June 30, in anticipation of her retirement due to an existing medical condition. . The board of directors appointed Graham Fleming, FoA’s president since October 2020, as interim CEO, responsible for the company’s forward, reverse, commercial and home improvement lending segments, as well as lender services.

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Finance Home Improvement Mortgage Lending 370

Eyes on Housing

JUNE 13, 2022

NAHB analysis of Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics shows that during the first year after closing on a home sale, home buyers tend to spend considerably more money on furnishings, appliances and remodeling compared to non-moving owners. Buyers of new homes spend most, spending four times as much as non-moving owners and twice as.

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Buyers 218

Appraisal Buzz

JUNE 13, 2022

As of the end of the first quarter, U.S. homeowners had gained a collective $3.8 trillion in equity compared with the first quarter of 2021, according to CoreLogic’s Homeowner Equity Report (HER). What’s more, the share of homeowners in negative equity fell to a new low, decreasing year over year by 23%. U.S. homeowners with mortgages account for roughly 62% of all properties, CoreLogic estimates.

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Eyes on Housing

JUNE 13, 2022

The latest results from the Federal Reserve’s Z.1 Financial Accounts of the United States, i.e., the Flow of Funds, show that in the first quarter of 2022, the aggregate market value of all owner-occupied real estate in the United States showed the largest year-over-year percentage gain since 2001. Owners’ equity as a percentage of households’ real estate was the highest.

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Market Value Real Estate Marketing 145

Appraisal Buzz

JUNE 13, 2022

Black Knight Inc. has released its latest Originations Market Monitor report, looking at mortgage origination data through May month-end with daily rate lock data from Black Knight’s Optimal Blue PPE. “At the start of May, it seemed mortgage interest rates would continue their upward climb and, indeed, rates did rise above 5.5 percent before pulling back some 20 basis points,” says Scott Happ, president of Optimal Blue, a division of Black Knight. “Ultimately, our.

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Appraiserblogs

JUNE 13, 2022

VaCAP has learned the Georgia Real Estate Appraisal Board is considering rescinding rule 539-1-.23. This rule is the customary and reasonable fee requirement to appraisers from appraisal management companies. The matter will be decided at a 9:30 AM Sunday July 17, 2022 meeting. From the Georgia Real Estate Commission and Appraisal Board: RULE 539-1-.23 Appraisal Management Companies Purpose: In light of the recent decision and order In the Matter of Louisiana Real Estate Appraisers Board Before

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Appraisal Buzz

JUNE 13, 2022

As rising inflation and mortgage rates bring U.S. housing demand back from the chaos of 2021, Realtor.com’s updated 2022 forecast predicts inventory will grow double-digits over 2021, offering buyers a better-than-expected chance to find a home. New data finds that home sales will hit the second-highest level in 15 years —trailing the 2021 pace— as … The post Calmer Market Means More Options for Homebuyers appeared first on DSNews.

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Marketing Inventory Buyers Appraisal 150

Mashvisor

JUNE 13, 2022

If you’re interested in analyzing Realtor.com homes for sale as part of your next investment strategy, here’s how to do it successfully. Table of Contents What Is Realtor.com? Analyzing Realtor.

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Investing Tools Investors Real Estate 69

Appraisal Buzz

JUNE 13, 2022

Wages are up, but homebuyer budgets have remained flat over the past three months, meaning the market is seeing its slowest growth rate in two years. This information comes to us from a new analysis by Redfin which found that the average budget users set on its website have only increased by 0.3% from the … The post Budgets Stagnate When It Comes to the American Dream appeared first on DSNews.

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San Jose Real Estate

JUNE 13, 2022

The Prides Crossing neighborhood in the northern part of Saratoga has a lot to boast about: a sense of community, easy access to commuter routes and many amenities, and laid-back California luxury. We’ll go into more detail below, but here is a profile of the neighborhood in bullet points: The average home is ~2,400 SqFt […].

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Real Estate 67

Appraisal Buzz

JUNE 13, 2022

With our nation and our industry facing continued and mounting threats from damaging natural disasters each new year, DS News speaks with a cross-section of experts about the challenges faced and solutions required. The post Rising to the Challenge appeared first on DSNews. The post Rising to the Challenge appeared first on Appraisal Buzz.

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Appraisal 150

Mashvisor

JUNE 13, 2022

As a real estate investor in 2022, what do you do when you find out your primary tenant wants to sublet your property without your approval?

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Tenants Real Estate Investors Property Management 68

Appraisal Buzz

JUNE 13, 2022

Kelly Lee has joined Churchill Mortgage as senior vice president of production for the Northwest region. Lee has more than 20 years of experience in the mortgage industry. He brings a wealth of knowledge to the table through an impressive track record of continual market growth and senior positions at noteworthy companies, including EVP, divisional manager at PrimeLending, where he was able to grow the company’s West Coast presence over the course of seven.

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Mortgage Appraisal Marketing 150

BiggerPockets

JUNE 13, 2022

I Bonds, and treasury bonds in general, have always been thought of as the “retiree’s investment choice.” For those that have a short time horizon on investments, bonds have made […].

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Investing 55

Appraisal Buzz

JUNE 13, 2022

As rising inflation and mortgage rates bring U.S. housing demand back from the 2021 frenzy, Realtor.com ‘s newly updated 2022 forecast predicts inventory will grow double-digits over 2021 and offer buyers a better-than-expected chance to find a home. Home sales will hit the second-highest level in 15 years, trailing only the 2021 pace, as rising incomes combined with higher housing costs continue to present a mixed bag of affordability issues.

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Inventory Buyers Appraisal Mortgage 150

Mortgagebroker News

JUNE 13, 2022

If you choose to stay with your current lender, you may want to consider the blend-and-extend option

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Mortgage 67

BiggerPockets

JUNE 13, 2022

Short-term rentals (STRs) are the talk of the town in the real estate community. Understandably, this strategy turns the heads of investors with the appeal of higher returns and the […].

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Real Estate Investors 53

Mortgagebroker News

JUNE 13, 2022

These have been far from straightforward times for newcomers to Canada's mortgage industry

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Agents Mortgage 69

BiggerPockets

JUNE 13, 2022

Over the past two years, home prices have looked as if they’re never going to drop. With record-low interest rates, a newly formed remote work culture, and millennials at peak […].

Marketing 50

Marketing 50

Mortgagebroker News

JUNE 13, 2022

This province saw modest year-over-year house price gains compared with other markets

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Housing Market Marketing 68

Housing Wire

JUNE 13, 2022

Fannie Mae has executed its sixth Credit Insurance Risk Transfer (CIRT) deal of 2022, providing up to $725 million in mortgage-risk coverage as part of the agency’s ongoing effort to share risk with private-sector insurers. CIRT 2022-6 involves a covered loan pool composed of 63,000 single-family mortgages with a total unpaid principal balance of about $19.3 billion.

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Insurance Mortgage Design Finance 384

Mortgagebroker News

JUNE 13, 2022

Canadian home prices are likely to suffer a steep decline by the end of 2023

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Housing Wire

JUNE 13, 2022

The watchdog tasked with oversight of the Federal Housing Finance Agency (FHFA) laid out its strategic priorities for the next four years. Federal Housing Finance Agency Office of Inspector General will carry out oversight to make sure FHFA ensures the safety and soundness of the entities it regulates and is an effective conservator of Fannie Mae and Freddie Mac.

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Tenants Finance Development Business 370

Mortgagebroker News

JUNE 13, 2022

Given current trends, the central bank will be compelled to continue increases, analyst says

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Appraisal Buzz

JUNE 13, 2022

Fannie Mae has executed its sixth Credit Insurance Risk Transfer (CIRT) transaction of 2022. As part of Fannie Mae’s ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2022-6 transferred $725 million of mortgage credit risk to private insurers and reinsurers. Since inception to date, Fannie Mae has acquired approximately $19.9 billion of insurance coverage on $675.9 billion of single-family loans through the CIRT program, The post

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Insurance Mortgage Appraisal Marketing 150

Mortgagebroker News

JUNE 13, 2022

Making time for the personal yields great dividends for the professional

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Mortgage 54

GoForrmz

JUNE 13, 2022

Use a mobile forms app to get the most out of your Permit to Work system Hazardous work environments are all but impossible to avoid, especially in the construction, chemical, and manufacturing industries. These industries are some of the most foundational aspects of our daily lives but don’t come without inherent risks. One important way to mitigate these risks is by implementing a standard Permit to Work (PTW) system within your workplace.

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Technology Business Design Construction 78

Mortgagebroker News

JUNE 13, 2022

The project aims to support large households wrestling with low incomes

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Town & Country Residential Appraisals

JUNE 13, 2022

Fannie Mae started requiring appraisers starting on April 1, 2022 to measure all single family homes and condominiums using the ANSI Z765-2021 standards. According to FNME, this policy was instituted in order to standardize the method used to measure, calculate and report the GLA (gross living area) and non-GLA areas within the appraisal. It should be noted that this standard only applies to those homes being appraised for loans being underwritten by FNME and only for those properties that are c

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Advertising Real Estate Agent Real Estate Agents 50

Housing Wire

JUNE 13, 2022

The Mortgage Bankers Association (MBA) sent a letter to the Federal Housing Administration (FHA) last week asking the administration to shed light on some of the changes made to its Claims Without Conveyance of Title program. Per the MBA’s communication , its members want the FHA to clarify the timeline for properties in a redemption period, reimburse costs associated with changes made to the program and explain whether properties in conveyance condition can be conveyed during the post-for

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