Housing Wire

OCTOBER 19, 2022

U.S. debt purchasers are positioned to benefit from rising delinquencies due to improvement in portfolio supply from an increase in non-performing loan (NPL) sales, according to a recent report from Fitch Ratings. This increase in delinquencies is attributed as a byproduct of mounting recessionary pressures, with higher interest rates and inflation raising the risk of portfolio write-downs, which the firm says reinforces the importance of strong capitalization, pricing discipline and cost effici

Supply Chain 441

Supply Chain Government Mortgage Marketing 441

Appraisal Buzz

OCTOBER 19, 2022

While Black and Latino households have often been disproportionately affected by predatory lending practices, homeownership rates have increased nationwide for both. However, lack of affordable housing and high interest rates may pose challenges moving forward. The post Black and Latino Homeownership Rates Rise in Nearly Half of U.S. appeared first on Appraisal Buzz.

Lending 195

Lending Appraisal 195

Housing Wire

OCTOBER 19, 2022

With interest rates now at 14-year highs, the cost of homeownership is becoming an issue for most prospective home buyers. HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about how mortgage lenders can leverage credit to help make homeownership more affordable. HousingWire: With interest rates at 14-year highs, what kind of pressure does that put-on housing affordability?

Supply Chain 432

Supply Chain Tools Mortgage Marketing 432

Appraisal Buzz

OCTOBER 19, 2022

A new opinion piece from Don Layton, the former Freddie Mac boss, explores how the GSEs came to be under government control, and what the future should hold for the two companies. The post The Future of Fannie Mae and Freddie Mac appeared first on Appraisal Buzz.

Government 195

Government Appraisal 195

Housing Wire

OCTOBER 19, 2022

Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. Prior to joining Nations Direct, O’Brien held leadership positions at LoanDepot , was Northeast regional sales manager at Fifth Third Bank; principal at J.H.

Mortgage 431

Mortgage Retail Government 431

Appraisal Buzz

OCTOBER 19, 2022

According to a monthly report from the S&P Dow Jones Indices and Experian, the most popular types of consumer defaults remained steady. Click through to see which metropolitan areas saw the most significant default shifts. The post By the Numbers: Consumer Default Rates appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Appraisal Buzz

OCTOBER 19, 2022

Today’s Buzzcast interview is with Matt Simmons, Managing Partner of Maxwell, Hendry, & Simmons. We sat down with Matt and Joan Trice, Founder of Allterra Group, LLC, to discuss how Hurricane Ian is impacting residents and appraisers in the area. What is the area like now after a few weeks of recovery? What is AIRF? Where can appraisers go if they’ve been negatively impacted by Hurricane Ian?

Appraisal 195

Appraisal 195

Housing Wire

OCTOBER 19, 2022

A doubling of 30-year fixed rate mortgage rates, shrinking profit margins and a risk of recession presents a challenging environment for independent mortgage banks (IMBs), but smaller IMBs are better positioned to weather challenges, claimed the Community Home Lenders of America (CHLA), a lobby group that represents smaller mortgage lenders. Large IMBs with portfolio holdings or a non-qualified mortgage (non-QM) loan focus have more risk than smaller IMBs, concluded the CHLA’s latest report, whi

Mortgage 410

Mortgage Contracts Design Government 410

Appraisal Buzz

OCTOBER 19, 2022

Today’s Buzzcast interview is with Matt Simmons, Managing Partner of Maxwell, Hendry, & Simmons. We sat down with Matt and Joan Trice, Founder of Allterra Group, LLC, to discuss how Hurricane Ian is impacting residents and appraisers in the area. What is the area like now after a few weeks of recovery? What is AIRF? Where can appraisers go if they’ve been negatively impacted by Hurricane Ian?

Appraisal 195

Appraisal 195

Housing Wire

OCTOBER 19, 2022

Fitch Ratings in October 2022 set negative outlooks for four nonbank mortgage lenders. Credit rating agency Fitch this week revised the long-term issuer default ratings (IDRs) for five nonbank residential mortgage lenders based on their financial performances in the first half of 2022. The results: downgraded two companies and set a negative outlook for four.

Valuation 397

Valuation Mortgage Retail Business 397

George Dell

OCTOBER 19, 2022

The Community of Asset Analysts (CAA) was officially founded in 2019, when we held the first meeting after Stats, Graphs, and Data Science 2 in Detroit, MI. Many of group’s leaders voluntarily attended to help and support what George Dell’s Valuemetrics.Info had been building for many years. We continue to grow. We have a mission. Our […]. The post Why the Asset Analyst Community?

Appraisal 195

Appraisal 195

Housing Wire

OCTOBER 19, 2022

Mortgage demand continued its downward trend last week, reaching the lowest level in 25 years, according to the latest survey from the Mortgage Bankers Association (MBA). That indicates lenders may still face substantial declines in their origination volume in the last quarter of 2022. Depositary banks such as JPMorgan Chase , Wells Fargo and Bank of America have already experienced double-digit contraction in their production in the third quarter, which is also expected of their non-depos

Mortgage 397

Mortgage Contracts Retail Marketing 397

Appraisal Buzz

OCTOBER 19, 2022

Home sales in September saw a significant dip compared to August, decreasing about 30% lower than the same time last year. While inventory is up just 3%, numbers remain nearly 40% below 2019 levels. The post Home Sales Slowing as Inventory Remains Low appeared first on Appraisal Buzz.

Inventory 150

Inventory Appraisal 150

Valcre

OCTOBER 19, 2022

A commercial property appraisal is a crucial component in purchasing a commercial property. It helps to determine the property's value, informing the business owner if the investment is worth it. Commercial property appraisals are so effective that realtors win multiple offers by using appraisal addendums when making an offer. Understanding how the commercial appraisal process works and what appraisers look for can help buyers and sellers properly prepare for a property sale.

Appraisal 62

Appraisal Property Appraisal Appraisal Process Realtors 62

Mashvisor

OCTOBER 19, 2022

If you’re looking for a guide on how to do a competitive market analysis in real estate, look no further. This guide will help you through.

Real Estate 69

Real Estate Marketing Investors Investing 69

BiggerPockets

OCTOBER 19, 2022

We’re taught throughout our childhood to answer questions. Questions like what’s two plus two? Who was the first U.S. president? And what’s the equation for photosynthesis? J Scott opens his […].

Real Estate 53

Real Estate Investors 53

Mortgagebroker News

OCTOBER 19, 2022

The central bank assures it is closely monitoring consumer, corporate, and sovereign debt

69

69

BiggerPockets

OCTOBER 19, 2022

Financial freedom in two years? How can that be possible with high interest rates and higher home prices? If you’re looking at what’s on the MLS as the only deals […].

Marketing 51

Marketing Real Estate 51

Mortgagebroker News

OCTOBER 19, 2022

This will particularly affect the Bank of Canada's rate-hike trajectory, Scotiabank says

69

69

Hank Miller Team

OCTOBER 19, 2022

The pandemic induced hysteria around the Atlanta housing market is rapidly giving way to balance and with it, the return of a special type of nonsense. Some home sellers take things personal and can be reluctant to acknowledge the changing market; none of that applies to their home. Data clearly shows their home is aspirationally priced, buyers confirm it, and it sits idle.

Sellers 40

Sellers Agents Buyers Inventory 40

Mortgagebroker News

OCTOBER 19, 2022

September's yearly price growth was still stronger than economists had expected

69

69

AmeriMac

OCTOBER 19, 2022

When you are seeking out a mortgage, you will need a home appraisal so that the lender knows how much should be lent for the home. This is true whether you are buying a home or getting a refinancing of the mortgage you already have. A big part of the transaction of buying a home is the amount determined by the home appraisal. The buyer usually pays for the appraisal, and it isn’t an expensive part of the process.

Appraisal 36

Appraisal Mortgage Inspection Market Value 36

Mortgagebroker News

OCTOBER 19, 2022

Technology has the ability to streamline closings, says CEO

Technology 69

Technology 69

Housing Wire

OCTOBER 19, 2022

In June of this year, I raised the fifth recession red flag , putting the housing market in a traditional recession where sales, incomes, jobs, and production would be falling, which is happening now. And unfortunately, one of those productions items is housing completions data — which looks terrible in the latest report. As someone concerned about the housing inflation story since inventory channels broke to all-time lows in 2020, I am frustrated by this housing completion data.

Mortgage 531

Mortgage Construction Inventory Housing Market 531

Mortgagebroker News

OCTOBER 19, 2022

Demand continues to outpace the production of new supply

68

68

Housing Wire

OCTOBER 19, 2022

Optimal Blue, a division of Black Knight , launched its first hedging and trading platform CompassEdge, unifying its existing risk management and loan sale platform CompassPoint within a single system. CompassEdge is designed to support every originator – regardless of range, size or type – and provide pipeline risk management tools and analytics with dynamic loan sale and mortgage servicing rights (MSR) valuation functionality, Black Knight said in announcing the launch on Wednesday.

Tools 410

Tools Technology Training Valuation 410

Mortgagebroker News

OCTOBER 19, 2022

The platform was jointly funded by CMHC and Accenture

69

69

Housing Wire

OCTOBER 19, 2022

As mortgage rates rose to nearly 7% and builder sentiment dipped to painfully low levels in September, housing starts also declined, dropping 8.1% from August , to a seasonally adjusted annual rate of 1.564 million, according to a report released Wednesday by U.S. Census Bureau and the U.S. Department of Housing and Urban Development. On a year over year basis, September’s annual housing start rate was down 7.7%.

Construction 441

Construction Development Housing Market Brokerage 441

Eyes on Housing

OCTOBER 19, 2022

Single-family housing starts declined further in September as high mortgage rates, ongoing building material production disruptions and flagging demand stemming from rising affordability challenges continue to put a damper on new home production. Overall housing starts decreased 8.1% to a seasonally adjusted annual rate of 1.44 million units in September, according to a report from the U.S.

Mortgage 200

Mortgage 200