Mon.Jun 27, 2022

article thumbnail

James Cooper to be permanent president of CSBS

Housing Wire

The Conference of State Bank Supervisors (CSBS) Monday announced James Cooper will be its permanent president and CEO. Cooper stepped into the role of acting president and CEO of CSBS in mid-May after John Ryan, longtime CEO of the trade association, died unexpectedly. Cooper has been with the national trade association for almost a decade. Most recently, he served as the executive vice president of policy and supervision; he previously served as the senior vice president of policy and supervisi

Training 370
article thumbnail

Mid America Mortgage Rebrands as Click n’ Close

Appraisal Buzz

Mid America Mortgage has rebranded as Click n’ Close following the sale of the majority of its retail lending operations to Houston-based Legend Lending. Click n’ Close will retain retail operations related to its reverse mortgage and Native American lending business and focus on delivering innovative down payment assistance (DPA) and adjustable-rate mortgage (ARM) products through its third-party originator (TPO) channels.

Retail 195
Insiders

Sign Up for our Newsletter

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

article thumbnail

Regulation: 40.6 Percent of the Cost of Multifamily Development

Eyes on Housing

Recently, the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NMHC) undertook a joint research effort to find out how much government regulation adds to the cost of building new multifamily housing via a survey distributed to multifamily developers. The research finds that an average of 40.6 percent of total development costs can now be attributed.

article thumbnail

A Look Into GSE’s Equitable Housing Finance Plans

Appraisal Buzz

Don Layton, the current Senior Industry Fellow at the Joint Center for Housing Studies at Harvard University—and former CEO of Freddie Mac—penned a new blog post on the public release of the inaugural Equitable Housing Finance Plan, which outlines a range of specific actions Fannie Mae will take over the next three years to knock … The post A Look Into GSE’s Equitable Housing Finance Plans appeared first on DSNews.

Finance 195
article thumbnail

GoFormz Named #1 Mid-Market Mobile Forms Automation Solution

GoForrmz

GoFormz dominates the Small-Business and Mid-Market G2 Summer Reports – from Best Support to Most Likely to Recommend G2, the leading peer-to-peer software review site, awards quarterly honors based on user feedback and reviews. This Summer, GoFormz has been awarded top honors in the following G2 categories: Mobile Forms Automation, Online Form Builder, and No-Code Development Platform.

Marketing 148
article thumbnail

Education is the Key to Removing Barriers For Underserved Borrowers

Appraisal Buzz

BLOG VIEW: More companies are directing time and resources to create equity in housing and homeownership. As part of that effort, one must understand why housing is inequitable today. There seems to be universal agreement in the mortgage and housing industries that education is key. However, it is important to note that the need for education is not just for minorities who have yet to achieve – or even imagine – the dream of.

Appraisal 195

More Trending

article thumbnail

Senate Committee Examines the National Flood Insurance Program

Appraisal Buzz

A recent Senate Banking Committee hearing discussed the impending expiration of the NFIP, a measure that provides $1.3 trillion-plus in coverage to nearly five million homes and businesses, and what can be done to enhance the Program. The post Senate Committee Examines the National Flood Insurance Program appeared first on DSNews. The post Senate Committee Examines the National Flood Insurance Program appeared first on Appraisal Buzz.

Insurance 195
article thumbnail

Patrick Dodd no longer ‘interim’ CEO of CoreLogic

Housing Wire

Patrick Dodd has been named president and CEO of real estate data and analytics provider CoreLogic , the company announced Monday. Dodd had served as interim CEO since January. “We are thrilled that Pat is assuming the role of CEO on a permanent basis,” said Charles Davis, CEO of Stone Point Capital. “Pat has demonstrated his dedication to the company following his role as CoreLogic’s chief operating and growth officer, and holds almost three decades of proven leadership and value creation

article thumbnail

Pending Home Sales Rise Slightly From April

Appraisal Buzz

Pending home sales inched higher in May, ending a six-month streak of declines, according to the National Association of Realtors. Regionally, month-over-month results were mixed as the Northeast and South experienced increases while the Midwest and West posted decreases. Year-over-year contract activity slid in all four major regions. The Pending Home Sales Index (PHSI) edged … The post Pending Home Sales Rise Slightly From April appeared first on DSNews.

Contracts 195
article thumbnail

Eileen Doherty is the First to Qualify for 2022 Lamacchia Realty President’s Club

Lamacchia Realty

Eileen Doherty is officially the first Lamacchia REALTOR® to make the 2022 President’s Club! This is the 6th year in a row that Eileen has reached this impressive milestone. Not only is she a member of the 2017 , 2018 , 2019 , 2020 , and 2021 President’s Club , but she was also the first member of the 2020 President’s Club ELITE and became a member again in 2021 !

Realty 68
article thumbnail

Staying Relevant in the Appraisal Industry

Appraisal Buzz

Class Valuation, McKissock, and DataMaster are hosting a Free webinar on “ Staying Relevant in the Appraisal Industry ” June 28th at 2 pm with Mel Black, Matt Simmons, Jared Preisler, and Lamar Ellis. We sat down with a few of our hosts, Lamar Ellis and Matt Simmons, to get the inside scoop on this upcoming webinar. Buzz: What is your background in the appraisal industry?

Appraisal 195
article thumbnail

Are Florida Houses Cheap in 2022?

Mashvisor

As home prices increase across the US, investors cannot find good investment opportunities. That’s why you should consider Florida houses.

article thumbnail

Vesta, LodeStar Integrate Software Capabilities for Mortgage Lenders

Appraisal Buzz

Loan origination system (LOS) developer Vesta is integrating with LodeStar Software Solutions , a national provider of closing fee-related compliance tools for mortgage lenders. The new integration, which includes Vesta’s open APIs, will provide mortgage lenders using Vesta’s LOS technology seamless access to LodeStar’s closing fee calculator. The integration will streamline and accelerate the generation and delivery of cost estimates and documents mandated by the TILA-RESPA Integrated Disclosur

Mortgage 195
article thumbnail

How to Calculate the Modified Internal Rate of Return

Mashvisor

To measure the profitability of an investment relative to other investments, you should know how to calculate modified internal rate of return.

article thumbnail

Pending Home Sales Eked Out an Increase in May

Appraisal Buzz

Despite rising mortgage interest rates, pending home sales increased slightly in May, rising 0.7% compared with April, according to the National Association of Realtors (NAR). The increase follows six straight months of decreases. Regionally, and month over month, contract signings jumped 15.4% in the Northeast, however, they fell 1.7% in the Midwest, 0.2% in the South, and 5.0% in the West.

Contracts 195
article thumbnail

3 Tools That Will Automate Your Short-Term Rental Business

BiggerPockets

When running a business, automation and delegation can make your life easier and amplify your success. This is even truer for the real estate industry. If you’re in the short-term […].

article thumbnail

Federal housing policies missing the mark, says Marathon CEO

Mortgagebroker News

The government's actions on the housing market are putting affordability out of reach, argues leading executive

article thumbnail

How Being a Quitter Will Make You a Millionaire

BiggerPockets

Before you quit your job, you’ll need to do a few crucial things. If you haven’t done these yet, but are strongly considering leaving your job soon, Henry Washington and […].

article thumbnail

Market slowdown: How is it affecting Canadians' plans to renovate?

Mortgagebroker News

A new survey shows a sizeable number are pushing ahead with reno plans despite inflation

article thumbnail

7 Tips for Creating Seamless Indoor-Outdoor Flow for your Florida Home

Lamacchia Realty

7 TIPS FOR CREATING SEAMLESS INDOOR-OUTDOOR FLOW FOR YOUR FLORIDA HOME. It’s natural to think of home and garden as separate entities separated by a clear line. However, creating a seamless indoor-outdoor flow, even when having just a little garden or balcony, may make a room feel larger. The eye perceives further when the exterior is linked to the house, and a garden-facing room appears larger.

Design 36
article thumbnail

Everything you need to know about alternative mortgages

Mortgagebroker News

Plus: A rundown on the different types of alternative options available

article thumbnail

Patrick Dodd Named CoreLogic President/CEO

Appraisal Buzz

Shedding the “interim” title, Patrick Dodd takes over as head of the global property information, analytics, and data-enabled solutions provider covering the real estate and mortgage finance, insurance, capital markets, and public sector. The post Patrick Dodd Named CoreLogic President/CEO appeared first on DSNews. The post Patrick Dodd Named CoreLogic President/CEO appeared first on Appraisal Buzz.

article thumbnail

Altus: Interest in Canada's commercial properties remains strong

Mortgagebroker News

The market is currently characterized by optimism and anticipation of robust growth

article thumbnail

Mortgage delinquency rate falls to historic low

Housing Wire

The national mortgage delinquency dropped to an all-time low in May, continuing two consecutive months of a decline since March. The overall delinquency rate slightly dropped five basis points from April to 2.75% in May, according to Black Knight. The delinquency rate is 42% lower than the same period a year ago. A total of 1.46 million properties were in early-stage delinquencies, defined as borrowers who missed a single mortgage payment, which is a slight increase of 0.2% from April due to typ

Mortgage 528
article thumbnail

Broker on the factor that strongly influences long-term success

Mortgagebroker News

The value of building and maintaining strong connections cannot be overstated

57
article thumbnail

Winners and losers of this volatile housing market

Housing Wire

The last two years have been good to Christian Dicker. Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. It didn’t matter where he was — getting dinner with his family at a fancy restaurant or out on the lake on a boat, Dicker always had his phone on his hands to make sure he didn’t miss any of his clients’ emails or calls.

article thumbnail

Rents in the Greater Toronto Area – what's happening?

Mortgagebroker News

The market continues to see dwindling supply and surging demand

article thumbnail

Fannie Mae is out with 7th CAS offering

Housing Wire

Less than a month after announcing its sixth Connecticut Avenue Series (CAS) credit-risk transfer deal of 2022, Fannie Mae is unveiling its seventh CAS transaction of the year — an $866 million note offering backed by a reference pool of single-family mortgages valued at $30.6 billion. Earlier this month, Fannie Mae launched its a sixth CAS credit-risk transfer (CRT) deal this year, CAS 2022-R06, which involved a $754.4 million note offering backed by a reference pool of 83,420 single-family mor

Investors 370
article thumbnail

Terra Firma Capital Corporation announces new director

Mortgagebroker News

He brings with him extensive experience in private equity and investment management

article thumbnail

MBA, HPC urge VA to extend partial claim program

Housing Wire

The Mortgage Bankers Association and the Housing Policy Council sent a letter to the Department of Veterans Affairs urging the department to delay the expiration of its COVID-19 assistance partial claim program. If it doesn’t heed the letter, the VAs partial claim program will sunset in late October. In the joint letter , the MBA and HPC called on the department to accept partial claim requests for at least 15 months after termination of the COVID-19 national emergency.

Insurance 362
article thumbnail

May 2022 MA/NH Housing Report

Lamacchia Realty

The Lamacchia Monthly Housing Report highlights home sale statistics, average sales prices, the number of homes listed and pending as well as price changes for single-families, condos, and multi-family homes in Massachusetts. For New Hampshire it presents home sale statistics and average sales prices. These factors, when compared year over year, are all indicators for predicting future trends in the market.

Sellers 56
article thumbnail

May 2022 South Florida Housing Report

Lamacchia Realty

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for May 2022 compared to May 2021. It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall and