Wed.May 11, 2022

The housing market has shifted

Sacramento Appraisal Blog

The housing market has shifted over the past month. That’s what the stats are showing, and it’s what we’re hearing from the trenches.

Mortgage applications rise despite higher rates

Housing Wire

Prospective homebuyers aren’t deterred by the skyrocketing mortgage rates amid a slow start to the spring home-buying season this year.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Protected: The Future of CRE Cash Flow Modeling & Valuation Technology

Appraisal Buzz

This content is password protected. To view it please enter your password below: Password: The post Protected: The Future of CRE Cash Flow Modeling & Valuation Technology appeared first on Appraisal Buzz. Career Buzz & Press Releases appraisal appraisal buzz appraiser appraisers appraising

Julia Gordon confirmed as new FHA commissioner

Housing Wire

The U.S. Senate confirmed Julia Gordon on Wednesday evening to serve as commissioner of the Federal Housing Administration (FHA). The position is part of the Department of Housing and Urban Development.

Learning from the Mistakes of Others

Appraisal Buzz

Today’s Buzzcast interview is with Mel Black, Certified Residential Appraiser, Licensed real estate broker, and McKissock Learning’s Director of Appraisal Innovation.

Caliber sues CrossCountry after 80 employees left for rival

Housing Wire

Texas-based multichannel lender Caliber Home Loans is accusing Ohio-based CrossCountry Mortgage of executing an “illegal scheme of unfair competition” by targeting its employees, stealing trade secrets and diverting customers. The accusations are part of a lawsuit filed in May in the U.S.

Legal 326

More Trending

Fidelity’s title segment reports $2.4B revenue in Q1

Housing Wire

Title insurers big and small can’t seem to escape rapidly deflating refinance volume, but Fidelity National Financial still pulled out the second-best quarter ever for title revenue in Q1 2022.

Otmane Laassel: How Mortgage Lenders Can Serve the Underserved

Appraisal Buzz

PERSON OF THE WEEK: As the mortgage industry and its regulators strive to bring homeownership to more borrowers throughout the country, many lenders are working hard to find the best way to serve their lower-income clients and ensure they do not get left out in the current market, while still lending responsibly. Otmane Laassel, branch manager and senior loan consultant at the Homespire Mortgage branch in Shady Grove, Maryland, recently spoke with MortgageOrb about.

Mike Simonsen on leading indicators of a housing slowdown

Housing Wire

With the strange mix of market dynamics in real estate right now, it can be challenging to predict when the market will cool off based on the usual seasonal patterns. On the one hand, interest rates have spiked to their highest point in years, which should be dampening demand.

Keeping Up With Demand

Appraisal Buzz

DS News spoke with industry experts about how the single-family rental sector is offering savvy investors the chance to leverage technology and trends, such as increased migration, to find opportunities in unexpected places. The post Keeping Up With Demand appeared first on DSNews. The post Keeping Up With Demand appeared first on Appraisal Buzz. Around The Web

Homepoint lends homebuyers the power of all-cash offers

Housing Wire

In this hot housing market, Michigan-based wholesale lender Homepoint understands the key to originating more home loans is ensuring more sellers accept offers made by its buyers. To do that it relies on the two words sellers increasingly want to hear: “All cash.”

ARMs Race Continues as Mortgage Rates Climb Further

Appraisal Buzz

Overall mortgage app volume rose for a second straight week, with continued interest adjustable-rates mortgages amid an environment of rising rates. The post ARMs Race Continues as Mortgage Rates Climb Further appeared first on theMReport.com. The post ARMs Race Continues as Mortgage Rates Climb Further appeared first on Appraisal Buzz. Around The Web

HousingWire May Demo Day: BeSmartee

Housing Wire

BeSmartee Mortgage Marketplace.

Tools 285

Migration is Key Trend Affecting Insurance Carriers

Appraisal Buzz

The Great Recession, now 15 years behind us, and its impacts on homeownership and insurance markets are still being felt today. This is according to a new report from the credit bureau TransUnion, who also found that migration patterns are increasingly becoming out-of-state, which poses risks to insurance providers books. The report comes from TransUnion’s … The post Migration is Key Trend Affecting Insurance Carriers appeared first on DSNews.

HousingWire May Demo Day: Qualia

Housing Wire

Qualia Connect. Qualia Connect enables lenders to deliver better borrower experiences by giving them control and transparency over the title & escrow process.

278
278

Home Ownership Rate Among Millennials Picking Up

Appraisal Buzz

The Great Recession, now 15 years behind us, and its impacts on homeownership and insurance markets are still being felt today. This is according to a new report from the credit bureau TransUnion, who also found that migration patterns are increasingly becoming out-of-state, which poses risks to insurance providers books. The report comes from TransUnion’s … The post Home Ownership Rate Among Millennials Picking Up appeared first on theMReport.com.

Why now is the time for lenders to ‘retool’ their IT environment

Housing Wire

After record-breaking volumes in 2020 and 2021, lenders are now feeling a pinch once again. As profit margins tighten, lending professionals are seeking out solutions to increase efficiencies wherever possible.

Newrez Partners with One Tree Planted

Appraisal Buzz

In honor of Earth Day, Newrez LLC (“Newrez,” the “Company”), concluded its second annual campaign to make a positive impact on the environment by planting 10,000 trees. The Company’s weeklong campaign asked customers to make the more sustainable swap from paper to paperless statements, pledging to plant at least one tree for each customer who … The post Newrez Partners with One Tree Planted appeared first on theMReport.com.

HousingWire May Demo Day: CoreLogic

Housing Wire

Accounting Automation. CoreLogic Complete Collateral technology platforms include a comprehensive accounting automation solution designed to streamline the borrower’s experience and improve relationships with appraisers. By eliminating distractions in your collateral-related accounting process, your lending organization can spend less on invoice processing, avoid accounts payable overhead, and simplify tax record management.

Design 218

McCalla Raymer Leibert Pierce Opens Oregon Office

Appraisal Buzz

Provider of legal services to the mortgage banking industry opens new Pacific Northwest office, and adds three new attorneys to its practice. The post McCalla Raymer Leibert Pierce Opens Oregon Office appeared first on DSNews. The post McCalla Raymer Leibert Pierce Opens Oregon Office appeared first on Appraisal Buzz. Around The Web

Legal 150

HousingWire May Demo Day: Total Expert

Housing Wire

Customer Intelligence. Customer Intelligence is the only all-in-one sales and marketing platform purpose built for modern lenders and banks. Key customer insights trigger customizable workflows, allowing lenders to take action with messaging based on a customers unique financial situation at that moment in time, allowing you to deliver the right message, to the right customer, at the right time. Product Fast Facts. #1. Customer Intelligence delivers the perfect customer journey. #2.

Foreclosure Completions Drop Over 30 Points

Appraisal Buzz

ATTOM Data, a real estate data company, has released its latest iteration of the Foreclosure Market Report for April 2022 which has found that there were a total of 30,674 properties with foreclosure filings against them, down 8% from March which saw 33,333, but still up 160% from a year ago. Foreclosure activity has now … The post Foreclosure Completions Drop Over 30 Points appeared first on DSNews. The post Foreclosure Completions Drop Over 30 Points appeared first on Appraisal Buzz.

HousingWire May Demo Day: DocMagic

Housing Wire

Total eClose with AutoPrep solution. Total eClose has everything you need for a paperless eMortgage in one, comprehensive, eClosing solution. Via our AutoPrep solution, we can absorb data and documents, from any source and in any format, and e-enable those documents for eSignature, eDelivery, and other digital processes. AutoPrep opens the door to an efficient, end-to-end eClosing workflow. Product Fast Facts. #1.

208
208

Expert Insights: Discovering the Benefits of DSCR Loans

Appraisal Buzz

ith the growth of property values and rents, real estate investing has become more attractive than ever. Raymond Eshaghian, President of Greenbox Loans, explains the rise in DSCR loans to meet these needs. The post Expert Insights: Discovering the Benefits of DSCR Loans appeared first on theMReport.com. The post Expert Insights: Discovering the Benefits of DSCR Loans appeared first on Appraisal Buzz. Around The Web

Inflation Slows from 40-Year High in April

Eyes on Housing

Consumer prices increased at a somewhat slower pace in April, the smallest monthly increase since August 2021, though inflation remains near a 40-year high. The food at home and shelter index rose at their fastest pace since November 1980 and April 1991.

118
118

Homeowner Equity Growth Lowers Loan-to-Value Ratios Nationwide

Appraisal Buzz

Home prices across the United States rose in Q1 at an annualized rate of 12.8%, according to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. company. The Radian HPI also rose 15.3% year-over-year (March 2020 to March 2021), slightly higher than the year-over-year increase of … The post Homeowner Equity Growth Lowers Loan-to-Value Ratios Nationwide appeared first on theMReport.com.

Mortgage Activity Up in ARMs

Eyes on Housing

Per the Mortgage Bankers Association’s (MBA) latest month’s surveys (the week ending May 6), the 30-year fixed-rate mortgage (FRM) rate rapidly grew to 5.53%, marking the steepest interest rate increase on record.

Closed Sales Slip in Q1 from 2021

Appraisal Buzz

Home prices across the United States rose in Q1 at an annualized rate of 12.8%, according to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. company. The Radian HPI also rose 15.3% year-over-year (March 2020 to March 2021), slightly higher than the year-over-year increase of … The post Closed Sales Slip in Q1 from 2021 appeared first on DSNews. The post Closed Sales Slip in Q1 from 2021 appeared first on Appraisal Buzz. Around The Web

FHFA announces Fannie, Freddie DTS program

Valuation Review

The Federal Housing Finance Agency recently published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve (DTS) Program. The DTS plans demonstrate a strengthened commitment to serving manufactured housing, affordable housing preservation and rural housing

MBA: Mortgage Application Rate Grew by 2 Percent in One Week

Appraisal Buzz

Mortgage applications increased 2% on a seasonally adjusted basis from one week earlier, according to Market Composite Index data from the Mortgage Bankers Association ’s (MBA) Weekly Mortgage Applications Survey for the week ending May 6, 2022. On an unadjusted basis, the index increased 3% compared with the previous week. The Refinance Index decreased 2% from the previous week and was 72% lower than the same week one year ago. The seasonally adjusted Purchase Index.

Intercontinental Exchange agrees to acquire Black Knight

Valuation Review

Intercontinental Exchange (ICE), Inc. a provider of data, technology, and market infrastructure, recently announced it has entered into a definitive agreement to acquire Black Knight, Inc. The cash and stock transaction values Black Knight at $85 per share, or a market value of $13.1

Occupational Licensing Used to Intimidate

Appraisers Blog

It provides no better illustration of how occupational licensing promotes groupthink and intolerance to differing viewpoints… CALIFORNIA: WHERE RIGOROUS INQUIRY GOES TO DIE It smothers innovation and silences debate.

Chief appraiser outlines URAR specifics

Valuation Review

In his presentation at the 2022 National Association of Appraisers Conference and Trade Show in South Carolina, “Why Do We Say What We Say: Rethinking the URAR,” Class Valuation Chief Appraiser John Dingeman shared areas of concern appraisers should take note of regarding the report.

Agent education: What should brokerages be focusing on?

Mortgagebroker News

Broker-owner on what Ontario brokerages should be keeping in mind when training new agents