Housing Wire

OCTOBER 24, 2022

The Federal Housing Finance Agency (FHFA) on Monday announced that it is replacing the Classic FICO credit model, which Fannie Mae and Freddie Mac have relied on for nearly 20 years, for the FICO 10T and VantageScore 4.0. “They will provide more accurate credit scores, and we believe the market, including investors, will be provided with an improved understanding of risk from not just one but two different credit score models,” Sandra Thompson, the FHFA’s director, said during

Finance 441

Finance Investors Technology Mortgage 441

Eyes on Housing

OCTOBER 24, 2022

The share of adults planning a home purchase within a year rose to 15% in the third quarter of 2022, up from 13% in the first half of the year. The marginal increase suggests that the prospect of higher mortgage rates in the near term may be leading a small segment of consumers to consider the purchase of a home.

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Mortgage 145

Housing Wire

OCTOBER 24, 2022

Real estate brokerage and services company Anywhere Real Estate announced last week that it is appointing Tony Kueh as its first chief product officer. In his new role, Kueh will lead the company’s product strategy, innovation roadmap and technology investments. The Anywhere franchise, formerly known as Realogy , includes brokerages, consumer programs, lead generation, relocation, and title settlement services.

Real Estate 389

Real Estate Brokerage Technology Modernization 389

Eyes on Housing

OCTOBER 24, 2022

Nonfarm payroll employment increased in 44 states and the District of Columbia in September compared to the previous month while six states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 263,000 in September, following a gain of 315,000 jobs in August. On a month-over-month basis, employment data was strong in Florida, which.

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Construction Marketing 108

Housing Wire

OCTOBER 24, 2022

Ginnie Mae President Alanna McCargo on Monday announced changes to the re-pooling seasoning requirement for re-performing loans, which it says will increase issuer liquidity. The government mortgage insurer will shorten the seasoning requirement from six months to three months and allow issuers the option to pool re-performing loans into TBA-eligible Ginnie Mae II Multi-Issuer Pools.

Housing Market 386

Housing Market Insurance Government Tools 386

Appraiserblogs

OCTOBER 24, 2022

ABC TV Documentary: Our America: Lowballed Because this issue was ignored by the appraisal industry, it is open season on appraisers. Because of the lack of credibility or awareness of the diversity issue that the appraisal industry faces by the two primary appraisal industry organizations, The Appraisal Institute and The Appraisal Foundation, there is no counter that can be presented to this continuing storyline.

Appraisal 99

Appraisal 99

Mashvisor

OCTOBER 24, 2022

How much to charge for rent is one of the most important questions in real estate; the best way to find out is to use a rental rate calculator.

Real Estate 66

Real Estate Tools Investors 66

Housing Wire

OCTOBER 24, 2022

On stage in Nashville on Monday, Mortgage Bankers Association Chairwoman Kristy Fercho passed the torch to Matt Rocco, who will take over as chairman in 2023. Rocco, the CEO of Grandbridge Real Estate , a commercial real estate investment bank subsidiary of Truist Bank , said he’s laser-focused on strengthening the MBA’s affordable housing initiatives amid an affordability crisis. “I joined the company in 1998, and over nearly 25 years, affordable housing has always been a stra

Real Estate 360

Real Estate Investing Mortgage Lending 360

BiggerPockets

OCTOBER 24, 2022

Medium-term rentals have seen growth like almost no other type of real estate. In the past, if you wanted high cash flow, you’d be hit with the headache of running […].

Real Estate 60

Real Estate 60

Housing Wire

OCTOBER 24, 2022

In May, I wrote about the signs to watch for a real estate market slowdown. It’s now October, we’ve had the biggest spike in mortgage rates we’ve seen in decades, and all the signs of a slowdown are here: Inventory is rising. The price of new listings is dropping. More homes are taking price reductions. And, there are fewer immediate sales. Of course, some of what we’re seeing is exacerbated by seasonality — prices normally retreat in the fall, and there’s much less activity over the winter.

Real Estate 322

Real Estate Marketing Inventory Sellers 322

BiggerPockets

OCTOBER 24, 2022

I know what I am about to say may be unpopular—even controversial. But I believe that my advice on deciding which lender, or lenders, you will work with will resonate […].

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Finance Mortgage 58

Valuation Nation

OCTOBER 24, 2022

Valuation 98

Valuation Appraisal Real Estate Marketing 98

Houston Properties

OCTOBER 24, 2022

Complete step-by-step process of buying a home in Houston.

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Mortgagebroker News

OCTOBER 24, 2022

A 2023 recession is still possible, but Canada's fundamentals will make the slowdown more bearable, former BoC governor says

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Town & Country Residential Appraisals

OCTOBER 24, 2022

You would have to be living under a rock to not know that interest rates have been steadily rising and are currently at levels we have not see in many years. According to the latest article as of this writing dated 10/21/2022, the 30 year fixed rate mortgage remains just shy of 7%. This is having a direct impact that is negatively impacting the housing market.

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Investing Mortgage Valuation Housing Market 34

Mortgagebroker News

OCTOBER 24, 2022

Canada's average new home prices saw their first monthly decline in nearly three years

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Housing Wire

OCTOBER 24, 2022

The mortgage-servicing rights market just keeps on ticking even as the overall housing market takes a licking. And while depository banks that are fueling that growth, concern is mounting over Ginnie Mae MSRs held by nonbanks. Mortgage advisory firms Prestwick Mortgage Group and partner Mortgage Capital Trading (MCT); Incenter Mortgage Advisors ; and MIAC Analytics are out with a total of 10 bulk mortgage-servicing rights (MSR) offerings with bid-due dates in October.

Mortgage 292

Mortgage Insurance Buyers Sellers 292

Mortgagebroker News

OCTOBER 24, 2022

The product has helped borrowers navigate a complex rate environment, says commercial specialist

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Housing Wire

OCTOBER 24, 2022

The Federal Housing Finance Agency (FHFA) “as soon as possible” will eliminate upfront fees for certain borrowers and affordable mortgage products, which is part of an ongoing review of Fannie Mae and Freddie Mac ’s guarantee fee pricing framework initiated in 2021. The agency will also implement targeted increases to the upfront fees for most cash-out refinance loans, beginning February 1, 2033, to “minimize market and pipeline disruption,” according to an announcement on Monday.

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Valuation Finance Appraisal Mortgage 377

Mortgagebroker News

OCTOBER 24, 2022

Learning and development could be the difference in this tussle for qualified talent

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Training Development 46

Housing Wire

OCTOBER 24, 2022

Within the span of a week, San Francisco-based digital real estate unicorn Roofstock completed its first property sale through non-fungible token (NFT) and laid off about 20% of its workforce. A Roofstock spokesperson told SFGATE that owing to the “economic environment,” the company believes the decision to be an “appropriate adjustment” — but did not specify how many people were laid off.

Real Estate 368

Real Estate Investing Investors Business 368

Mortgagebroker News

OCTOBER 24, 2022

Plus: How the COVID-19 pandemic changed the course of short-term rentals

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Appraisal Buzz

OCTOBER 24, 2022

Adjustments are approached in different ways by appraisers everywhere. Changing market data, trends, and consistent work files all impact adjustments – learn from the experts during our free webinar on October 31 st at 2 pm, “ Adjustments: What’s in Your Workfile? ” with Mel Black of McKissock, John Dingeman, Chief Appraiser of Class Valuation, and Danny Wiley, Senior Director of Single-Family Valuation at Freddie Mac.

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Valuation Appraisal Real Estate Property Taxes 150

Mortgagebroker News

OCTOBER 24, 2022

The panel will discuss how mortgage ventures can take their next steps

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Mortgage 43

Housing Wire

OCTOBER 24, 2022

HousingWire recently spoke with Kevin Koon-Koon, chief technology officer at Grid 151, about streamlining and simplifying how mortgage lenders interact with the rest of the ecosystem. HousingWire: What are some common challenges lenders face when it comes to interacting with the rest of the mortgage ecosystem? Kevin Koon-Koon: Many mortgage lenders have invested heavily into technology, people and process improvement to modernize the homebuying journey.

Mortgage 292

Mortgage Supply Chain Modernization Technology 292

Mortgagebroker News

OCTOBER 24, 2022

This would likely have a considerable impact on consumer power

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Business 43

Mortgagebroker News

OCTOBER 24, 2022

A thoughtful approach has served this mortgage veteran well all these years

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Mortgage 36

Mortgagebroker News

OCTOBER 24, 2022

Research reveals glaring disparities

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