Housing Wire
APRIL 11, 2022
In a selling guide announcement released last week, Fannie Mae announced that it would be accepting written opinion letters from an attorney in lieu of a title insurance policy “in limited circumstances.”. According to the announcement, lenders “must ensure the loan is covered by either a title policy issued by an acceptable insurer (including any required endorsements) or a title opinion letter issued by an attorney.”.
Sacramento Appraisal Blog
APRIL 11, 2022
Do you feel it? The temperature of the housing market has started to change. Let’s talk about what’s going on, and what this means and doesn’t mean. I’d love to hear your take in the comments. Think Like an Appraiser Class: I’m teaching my favorite class on April 28 from 9am-12pm. We’ll talk through choosing comps, making adjustments, […].
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Housing Wire
APRIL 11, 2022
Mortgage origination activity rose last month despite rapidly rising mortgage rates as prospective buyers sought to lock in their loans. Overall origination activity jumped 19% in March from the previous month, led by a 31% increase in purchase loan locks, according to the monthly Originations Market Monitor report from Black Knight. While cash-out refinance activity, which has been somewhat insulated due to strengthening home values, rose a mere 1.6% in March from February, rate-term refi origi
Appraisal Buzz
APRIL 11, 2022
Rise in both mortgage rates and loan fees for second homes is driving down interest nationwide in vacation homes nationwide. The post Interest Wanes in Second Homes and Investment Properties appeared first on DSNews. The post Interest Wanes in Second Homes and Investment Properties appeared first on Appraisal Buzz.
Housing Wire
APRIL 11, 2022
LoanLogics this week rolled out LoanBeam Wage, a new automated tool that enables lenders to calculate borrower’s income quickly by using paper-based paystubs and W2s. The Jacksonville, Florida-based digital mortgage solutions provider combines machine learning with “layered optical character recognition technologies” to automatically extract and interpret income data in a paystub and W2 income documents without a lender’s human staff, the firm said in a release. “By
Appraisal Buzz
APRIL 11, 2022
As many pivoted during the pandemic managing their workforce, Steven Mowers of Claims Recovery Financial Services explains how CRFS met these challenges to craft a more diverse and inclusive culture. . The post Workforce Configuration to Meet Client Needs appeared first on DSNews. The post Workforce Configuration to Meet Client Needs appeared first on Appraisal Buzz.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
APRIL 11, 2022
The housing market is currently in a tizzy—prices hit new records seemingly every day, while inventory sits near record lows. Even with the market in its current state, people still need places to live, and overwhelmingly, they found them. Knowing this, Mortgage Cadance, a provider of loan origination system solutions, surveyed 1,105 Americans to get … The post Survey: Three-In-Five Plan To Move In The Next Year appeared first on DSNews.
Housing Wire
APRIL 11, 2022
More and more borrowers are looking for a fast, effective mortgage process that involves less paper. We recently spoke to Amanda Hill, Head of Mortgage Solutions at Reggora, about actionable steps lenders can take to overcome barriers to automation. HousingWire: How do the sentiments of today’s average borrower heighten the need for lenders to be more competitive?
Appraisal Buzz
APRIL 11, 2022
Black Knight Inc. has released its latest Originations Market Monitor report, looking at mortgage origination data through the end of March by leveraging daily rate lock data from Black Knight’s Optimal Blue PPE pricing engine. It tracked conforming 30-year rates daily throughout March as they topped 4.9% before pulling back and finishing the month at 4.79%.
Housing Wire
APRIL 11, 2022
Top mortgage lending software and analytics provider Black Knight is reportedly exploring a sale following takeover interest from several private equity firms. But don’t misread the situation – a potential deal reflects an opportunistic move rather than an act of desperation, analysts who cover the company told HousingWire. Black Knight’s stock has been punished due to the company’s exposure to the mortgage business – after reaching a record of $4.4 trillion in 2021, originatio
Appraisal Buzz
APRIL 11, 2022
Fannie Mae Board Chair Sheila C. Bair is resigning effective May 1. The board has unanimously elected Michael J. Heid to succeed her. In addition, the board has appointed David C. Benson, the company’s president, to the additional role of interim CEO and board member, effective May 1, 2022, subject to final Federal Housing Finance Agency approval. He will succeed CEO Hugh R.
GoForrmz
APRIL 11, 2022
We’ll be exhibiting and presenting at Field Service USA 2022 – will we see you there? We are thrilled to once again be sponsors of Field Service USA (April 26-28, 2022)! Will we see you there? If you’ll also be attending, be sure to stop by our booth (#209) and attend our case study presentation featuring Strategic Sanitation Services. More info on our case study presentation: We’ll be presenting our industry case study, ‘ How Field Service Teams Garner Impactful Business Insights With Digital D
Appraisal Buzz
APRIL 11, 2022
All-cash merger agreement will offer customers life-of-loan services, enhanced service levels, and tech solutions at every touch point of the mortgage process. The post Mortgage Connect Finalizes Acquisition of ADFITECH appeared first on DSNews. The post Mortgage Connect Finalizes Acquisition of ADFITECH appeared first on Appraisal Buzz.
Eyes on Housing
APRIL 11, 2022
NAHB analysis of the Current Population Survey’s (CPS) 2020 Annual Social and Economic Supplement (ASEC) estimates the national homeownership rate at 66.4%. This analysis provides a further breakdown of this rate through the lens of married couple homeownership, which we estimate at 79% for 2020.
Appraisal Buzz
APRIL 11, 2022
PERSON OF THE WEEK: Will a slowdown in the mortgage market result in lenders cutting back on technology investments? Not necessarily, says Jim Voth, managing director at mortgage advisory firm Falcon Capital Advisors , in a recent interview with MortgageOrb. Q: Historically, when the mortgage industry goes into a down cycle, investments in technology often get placed “on hold”.
Raleigh Realty
APRIL 11, 2022
How To Create Your Dream "Glam Room" on a Budget Have you always dreamed of a walk-in closet or a room dedicated to your makeup and skincare products? Now’s the perfect time to turn that spare bedroom or extra closet space into your very own glam room. If you’re an influencer or use social media for your small business, then you’ll appreciate this type of well-lit, functional, and aesthetically pleasing space to work in.
Appraisal Buzz
APRIL 11, 2022
According to new research from Point2, approximately 40% of American homeowners have at least a bachelor’s degree, while 30% have some college or an associate’s degree — settling the share of degree-holding homeowners at 70% nationwide. Though some 23% have a high school diploma, just 7% of American homeowners have less than a high school … The post “American Dream” More Likely Obtained by College Grads appeared first on DSNews.
Appraiserblogs
APRIL 11, 2022
Her plight is an attack on occupational licensees everywhere. The nation’s long-suffering real estate appraisers, under attack by Congress in an election year, should pay close attention to what has happened in Nashville… Nurse’s Plight Signals Dystopian Future for Occupational Licensees; Appraisers Take Heed To err is human, but not if you’re a licensed nurse in the Regulatory Republic of Tennessee, where “dog eat dog” has become the state’s unofficial motto.
Raleigh Realty
APRIL 11, 2022
Senior Housing Guide: A Guide to Aging in Place and Deciding When to Transition to Assisted Living Transitioning into assisted living is a major milestone for most, and it often entails a difficult decision. It requires evaluating whether or not you have the finances for this next phase in life, what care you require, and what responsibilities you’re physically capable of handling.
Mashvisor
APRIL 11, 2022
Real estate market trends can change rapidly; investors can use some insight into the top cities for profitable short-term rentals in 2022. Table of Contents What Is a Short-Term Rental?
BiggerPockets
APRIL 11, 2022
When I started my real estate investing journey in 2002, I didn’t have any training or a real estate license; like lots of folks starting out, I learned a lot […].
Mashvisor
APRIL 11, 2022
If you’re looking to invest in a short-term rental, the Airbnb cap rate is the most important metric to pay attention to. But what is it exactly?
BiggerPockets
APRIL 11, 2022
Most investors assume LLCs for rental properties are the way to go in terms of asset protection. From a novice’s point of view, LLCs seem to provide everything you would […].
Mashvisor
APRIL 11, 2022
Due to the location’s popularity, many investors want to buy a house in Palm Springs.
Mortgagebroker News
APRIL 11, 2022
Canada's unemployment rate dropped to its lowest level since at least 1976
Will Springer Realtor
APRIL 11, 2022
Seattle Mariners home opener, Apr. 15 The Mariners start the season with great promise. They signed defending American League Cy Young Award winning left-hander Robby Ray to a long-term contract and return young studs Jared Kelenic and Logan Gilbert, as well as introduce sweet-swinging rookie Julio Rodriguez (aka “J-Rod”). Don’t be surprised to see the M’s take the AL West title.
Mortgagebroker News
APRIL 11, 2022
The wait is nearly over ahead of April 28’s much-anticipated event at Toronto's Liberty Grand
AmeriMac
APRIL 11, 2022
Make no mistake about it: buying a home can be one of the largest financial transactions that someone will make in their life. It can also be one of the most exciting times, provided that the process goes along smoothly. One of the people who is intended to help make sure things go smoothly is the home appraiser. They’re carefully selected by both parties and they play an invaluable role in the proceedings.
Mortgagebroker News
APRIL 11, 2022
Your guide to choosing the right mortgage for you
Housing Wire
APRIL 11, 2022
On Thursday, the Bureau of Labor Statistics reported the same trend that all Americans have seen lately: the inflation rate of growth is rampant and doesn’t show any sign of easing up due to the Russian Invasion of Ukraine. The Consumer Price Index for all Urban Consumers “increased 0.8 percent in February on a seasonally adjusted basis after rising 0.6 percent in January… Over the last 12 months, the all items index increased 7.9 percent before seasonal adjustment.” As you can
Mortgagebroker News
APRIL 11, 2022
The proposed guidelines are intended to help brokers better protect their clients’ personal data
Appraisal Buzz
APRIL 11, 2022
The housing market has been a roller coaster ride since COVID-19 began, and it hasn’t shown signs of stopping in 2022. It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. More Second Home Purchases.
Mortgagebroker News
APRIL 11, 2022
RBC delivers its verdict
Housing Wire
APRIL 11, 2022
Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Wait, what? But we have a housing shortage, right? Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built
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