Housing Wire

DECEMBER 1, 2021

A federal judge ordered Ronald McCord, the founder of Oklahoma City-based lender and servicer First Mortgage Company , who was also once the president of the Mortgage Bankers Association (MBA), to pay $51.8 million in restitution for mortgage fraud. United States District Judge Robin Cauthron ordered McCord also serve 8.5 years in prison — the maximum the federal government said it would seek — as well as three years of supervised release.

Mortgage 544

Mortgage Insurance Lending Government 544

Sacramento Appraisal Blog

DECEMBER 1, 2021

It’s real estate prediction season and I have a few thoughts about the beginning of next year. I’m cautious about predicting because my crystal ball is broken, but it’s a no-brainer to say we’re poised to start next year with heavy competition. Big 2022 market update: I’m doing a big market talk at SAR on […].

Housing Market 419

Housing Market Marketing Real Estate Appraisal 419

Miller Samuel

DECEMBER 2, 2021

The Winter 2022 issue of Elliman Magazine was published this week and it is quite a beautiful publication. I created a chart for the publication which compares month listing inventory trends across a number of the markets we cover for Douglas Elliman. [click to expand image] The post Listing Inventory Trends In The Time Of COVID first appeared on Miller Samuel Real Estate Appraisers & Consultants.

Inventory 395

Inventory Real Estate Appraisal Marketing 395

Appraisal Buzz

NOVEMBER 29, 2021

This article was first published in the Fall 2021 Edition of Appraisal Buzz Magazine. To receive this subscription directly, click here. Appraisers use three different property valuation methods: (1) Sales Comparison relates the estimated value of our subject property to similar settled, active, and pending market sales. (2) The Income Approach considers the present value of expected future cash flows. (3) Cost Approach has a basic formula: Property Value = Land Value plus Cost New minus Depre

Valuation 370

Valuation Supply Chain Bracketing Appraisal 370

Housing Wire

NOVEMBER 30, 2021

The Federal Housing Finance Agency (FHFA) today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. The federal government will now back mortgage loans of nearly $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas now $970,800 — or 150% of $647,200. Special statutory provisions establish different loan limit calculations for Alaska, Hawaii, Guam, and the U.S.

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Government Mortgage Home Value Finance 535

Cleveland Appraisal Blog

DECEMBER 2, 2021

One appraiser reports a driveway to be two cars in size. Another says the same driveway is six cars in size and another says the driveway is an eight-car driveway. They may all be correct! How so? It really depends on how the appraiser is looking at it. Are they reporting the width of the driveway, the depth, or how many cars can fit on the driveway?

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Appraisal Buyers Market Value Real Estate Agent 243

Appraisal Buzz

DECEMBER 3, 2021

In next week’s “Reflections and Projections” webinar, Rick Sharga and Ed Delgado will look back on 2021 and discuss how the industry must conform to changes in compliance, the marketplace, and the needs of customers to properly prepare for the coming year. The post The Week Ahead: Forecasting Mortgage Industry Trends for 2022 appeared first on DSNews.

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Mortgage Appraisal 221

Housing Wire

NOVEMBER 29, 2021

Today, pending home sales came in as a big beat of estimates — up 7.5% in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. Like I have often said, professional grifters have plagued the housing sector for many years and shouldn’t be looked to as fundamental economic sources of information.

Inventory 530

Inventory Contracts Training Investors 530

The Appraiser Coach

NOVEMBER 30, 2021

Realtor magazine published an article about whether or not listing photos should stay online after the home has sold. Some homeowners have privacy and safety concerns over these photos being. Read More.

Realtors 195

Realtors Advertising Real Estate Agent Government 195

Eyes on Housing

NOVEMBER 29, 2021

Despite low inventory and increasing affordability concerns, both pending home sales and existing home sales jumped in October, according to the National Association of Realtors (NAR). Though the market remains strong and sales is on pace for its strongest sales in 15 years, higher home prices continue to price out first-time and young buyers. The Pending Home Sales Index (PHSI).

Inventory 182

Inventory Realtors Buyers Marketing 182

Appraisal Buzz

DECEMBER 3, 2021

loanDepot Inc. has closed Mello Mortgage Capital Acceptance 2021-INV4, a $371 million securitization of agency-eligible mortgages secured by residential investment properties, originated through its retail and partner channels. Year-to-date, loanDepot entities have sponsored over $2.8 billion in private-label residential mortgage-backed securities (PLS) across seven transactions.

Investing 221

Investing Mortgage Retail Appraisal 221

Housing Wire

DECEMBER 2, 2021

It’s official – housing inventory in America is at a crisis level. The number of active listings hit an all-time low during the week ending November 28, according to a Redfin report published on Wednesday. During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019.

Inventory 508

Inventory New Listings Contracts Housing Market 508

GoForrmz

DECEMBER 2, 2021

Improve your daily operations and data collection by utilizing these top waste management forms With digital forms, waste management organizations can significantly increase visibility into field team activities to create more efficient communication between in-field and administrative staff. Collecting data from paper forms can be a huge administrative burden and lead to lengthy processing times and incorrect data.

Construction 148

Construction Marketing 148

Eyes on Housing

DECEMBER 2, 2021

Nonfarm payroll employment increased in 47 states and the District of Columbia in October compared to the previous month while three states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 531,000 in October, following an upwardly revised increase of 312,000 jobs in September. On a month-over-month basis, employment data was strong in.

Construction 162

Construction Marketing 162

Appraisal Buzz

DECEMBER 3, 2021

An industry report breaks down trends and changes regarding Q3 profitability for Independent mortgage banks and mortgage subsidiaries of chartered banks. Here’s what the report found. The post IMB Data Shows Significant Profit Increases appeared first on DSNews. The post IMB Data Shows Significant Profit Increases appeared first on Appraisal Buzz.

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Appraisal Mortgage 195

Housing Wire

DECEMBER 3, 2021

Today, the Bureau of Labor Statistics reported 210,000 jobs were created in November — a miss from estimates. They also reported 82,000 in positive revisions to the previous jobs report. The unemployment rate is currently at 4.2%. For men and women age 20 and over, it stands at 4.0%. Job reports can be wild, and we often have two to three reports per year that miss estimates badly.

Marketing 473

Marketing Retail Transportation Construction 473

GoForrmz

NOVEMBER 30, 2021

Learn how GoFormz can digitize your child care enrollment forms for instant access to documents and faster response times By taking your child care enrollment paper forms digital, you can streamline operations, reach new clientele, and improve your overall data collection and processing. The GoFormz platform offers form sharing, also referred to as GoFormz’s Public Forms feature, which enables your team to easily access submitted forms from potential customers and respond accordingly.

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Eyes on Housing

NOVEMBER 30, 2021

In September, national home prices grew at a slower but still unsustainable pace. Locally, 14 out of 20 metro areas reported that they realized a deceleration in home price growth in September. This month’s data indicates that housing market is cooling slightly as housing affordability concerns persist. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow.

Housing Market 144

Housing Market Marketing Construction 144

Appraisal Buzz

DECEMBER 3, 2021

According to a report, “Net production profit rebounded in the third quarter of 2021 after a drop-off in the second quarter, but was down more than half from the record profit one year ago.” The post Production Profits Increase for IMBs in Late 2021 appeared first on theMReport.com. The post Production Profits Increase for IMBs in Late 2021 appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Housing Wire

NOVEMBER 29, 2021

The supply-chain bottleneck afflicting the global economy has its own counterpart in the world of residential mortgage-backed securities, also referred to as RMBS. One group of industry players — loan underwriters — are the chief cause of the logjam. They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market.

Loan Officers 466

Loan Officers Supply Chain Mortgage Marketing 466

GoForrmz

DECEMBER 1, 2021

Explore how GoFormz digitally transforms healthcare operations and streamlines claim processing from end-to-end HIPAA-secure digital forms significantly accelerate the traditional delays experienced during the patient claims process, including long wait times, delayed responses, and more. This is made possible by the real-time nature of digital forms, allowing providers and patients the ability to complete, review, and process forms directly from their mobile devices or computer.

Clients 141

Clients 141

Eyes on Housing

DECEMBER 3, 2021

While job gains decelerated in November, the unemployment rate dropped to 4.2% and the labor force participation rate increased to 61.8%, the highest reading since March 2020. The increase in the labor force participation rate indicates that more people are returning to the labor force, a necessary requirement for additional hiring. Construction industry employment (both residential and non-residential) totaled 7.5.

Construction 140

Construction 140

Appraisal Buzz

DECEMBER 3, 2021

One economist stated, “Builders in recent months have put the pedal to the metal to get new homes up and meet a rush of demand. The post Building Permits Boom—Will the Market Finally See Inventory Relief? appeared first on theMReport.com. The post Building Permits Boom—Will the Market Finally See Inventory Relief? appeared first on Appraisal Buzz.

Inventory 195

Inventory Marketing Appraisal 195

Housing Wire

DECEMBER 2, 2021

Mortgage rates increased one basis point to 3.11% in the week ending Dec. 2, ignoring the volatility in the financial markets caused by the Omicron Covid variant , according to the latest Freddie Mac PMMS mortgage report. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.71%, according to the report published on Thursday. Mortgage rates are in a historical low level, but the expectation is that they will increase in the coming months due to higher interest rates.

Mortgage 458

Mortgage Marketing 458

Raleigh Realty

NOVEMBER 30, 2021

The Connection to Mental Health and Your Living Space The places that you spend the most time have a serious impact on your mental health and wellbeing. Multiple studies have shown the connections between living spaces and the effects on mental health through how a room is furnished, the size of the living space, and whether or not you live alone or with others.

Decorating 125

Decorating Design Architecture Modernization 125

Urban

DECEMBER 2, 2021

With a predominately Black and Hispanic population, Newark, New Jersey, provides a case study of how economic recessions can cause disparate long-term inequities by race and ethnicity.

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Appraisal Buzz

DECEMBER 3, 2021

Several developments are converging on the global economy and financial markets at the moment. Each brings its own causes for concern. Together, they bring a significant increase in volatility. Should we be worried about Omicron? Answering such questions is beyond the scope of this newsletter. What we can say is that the financial market is clearly asking itself this question and the effects are obvious.

Housing Market 195

Housing Market Marketing Development Appraisal 195

Housing Wire

DECEMBER 3, 2021

Following a strong showing in October , a somewhat disappointing U.S. jobs report released Friday shows that 210,000 non-farm jobs were added in November, bringing the unemployment rate down to 4.2%. While this is a 0.4% decrease in unemployment, the rate is still above the 3.5% unemployment rate recorded in February 2020, just prior to the Covid-19 pandemic.

Construction 441

Construction Transportation Inventory Government 441

Riverfront Appraisals

DECEMBER 1, 2021

Well, we did it! We made it to the end of a year-long series called the Loan Officer’s Guide to Appraisals! If you’ve read each post, or listened to each accompanying podcast over at The Appraisal Cast, thank you! If you’ve just come upon this blog for the first time, thank you as well for […]. The post The Loan Officer’s Guide to Appraisals Part 12: Frequently Asked Questions appeared first on Riverfront Appraisals.

Appraisal 88

Appraisal Appraisal Process Property Appraisal Housing Market 88

Empire Appraisal Group

DECEMBER 3, 2021

Study: ADUs Can Add 35% to Home’s Value. Accessory dwelling units, also known as granny flats, in-law suites, or garage apartments, have been on the rise since the pandemic. ADUs are growing at a rate of 9% or 100,000 per year, according to a new analysis by Porch.com, a home improvement site. Properties that have one are sought after. In the largest cities, a home with an ADU is priced 35% higher, on average, than a home without one, according to Porch.com. .

Home Improvement 78

Home Improvement Law Inventory Appraisal 78

Appraisal Buzz

DECEMBER 3, 2021

All signs point to a house building boom as the number of building permits that were created this summer reached 1.69 million, well above the 1.5 million mark at which Zillow says indicates a boom. The number of building permits are issued gives the market an idea of how new home construction is coming along, and currently, the momentum that home builders are operating at … The post Building Permits Boom appeared first on theMReport.com.

Construction 195

Construction Appraisal Marketing 195

Housing Wire

NOVEMBER 30, 2021

It’s?coming to the?end of the year,?and?real estate?market experts are rolling out?all of?their predictions.?Home prices?are expected to?rise? another 16%. At the same time, rising home prices? will slow down from what we’ve seen in 2021.? Mortgage rates? will increase , and? 2022 is slated to be? a buyer’s market. ? . While all of these predictions are interesting to read, they’re just that.?

Real Estate 441

Real Estate Agents Real Estate Agent Business 441

GoForrmz

DECEMBER 1, 2021

Explore how GoFormz digitally transforms healthcare operations and streamlines claim processing from end-to-end HIPAA-secure digital forms significantly accelerate the traditional delays experienced during the patient claims process, including long wait times, delayed responses, and more. This is made possible by the real-time nature of digital forms, allowing providers and patients the ability to complete, review, and process forms directly from their mobile devices or computer.

Clients 78

Clients 78

Valuation Review

NOVEMBER 29, 2021

Veteran appraiser Tony Pistilli has seen and accomplished a lot over his last 30 years in the business. Recently, he moved to Accurate Group. Valuation Review sat down with Pistilli to discuss this new chapter in his business life. Read on for more of our conversation.

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Valuation Review Appraisal Valuation Business 78