Housing Wire
OCTOBER 11, 2021
For the second month in a row, national housing affordability improved in August, according to the latest National Association of Realtors housing affordability index report. This improvement came as monthly mortgage payments fell by 1.1% while median family income fell by 0.7%. As of August 2021, the 30-year fixed mortgage rate was 2.89% compared to 3% a year prior.
Appraisal Buzz
OCTOBER 11, 2021
Tell someone that you’re a professional fee appraiser and most folks won’t have any idea what that really means. Some will picture the guys at Pawn Stars or the Antiques Roadshow trying to put a value on something they pulled out of their parent’s attic. If they’re in the mortgage industry, they’ll likely fall into one of two groups – those who understand the value you bring to the home finance transaction and those who think you fill out forms.
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Sacramento Appraisal Blog
OCTOBER 12, 2021
The housing market is trying to get back to normal, but how close are we? On one hand we’re feeling some seasonal slowing, but it also still feels really competitive. Today let’s talk about what normal looks like. If you’re not local I’d love to hear what you’re seeing in your market. Any thoughts? Background […].
Cleveland Appraisal Blog
OCTOBER 14, 2021
When baking, there are different ingredients that are used that will make the dough rise. Typically, yeast is the ingredient used to make bread rise. How does yeast work? Here’s a little video to explain how. Interestingly, yeast is not the only ingredient that can cause the dough to rise. For instance, sourdough. Sourdough is fermented dough, thus the name sourdough.
Housing Wire
OCTOBER 14, 2021
Young people make up a smaller share of recent homebuyers than in previous years most likely due to the increased market activity of baby boomers, a new Zillow report published on Thursday found. It’s hardly breaking news that the demand for housing has drastically increased over the past 18 months, but the report suggests that this has more to do with demographic trends than the pandemic.
Appraisal Buzz
OCTOBER 14, 2021
Longtime homeowners who can tap equity gains have an advantage over younger homebuyers who are often bidding for their first home, and are unable to include as much cash in their offers. The post Boomers Are Winning the Housing War appeared first on theMReport.com. The post Boomers Are Winning the Housing War appeared first on Appraisal Buzz.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
The Appraiser Coach
OCTOBER 12, 2021
I’ve heard the complaints from other appraisers that there are AMC’s out there that request that appraisers that work with them dress professionally. I’m not really sure why this bothers. Read More.
Housing Wire
OCTOBER 15, 2021
Homeownership platform provider SimpleNexus acquired LBA Ware , a software firm that offers incentive compensation management and business intelligence software for the mortgage industry, the companies announced Friday. The acquisition is a first for SimpleNexus and brings together 325 employees in 29 states from the two companies. SimpleNexus will now serve 425 distinct lender customers and dozens of mortgage technology integration partners, the company said in a release.
Appraisal Buzz
OCTOBER 15, 2021
SimpleNexus , which offers a collaboration and file sharing platform for LOs, borrowers, real estate agents and settlement agents that aids in borrower engagement, loan origination and closing, is acquiring LBA Ware , developer of the CompenSafe LO compensation platform. Terms of the deal were not divulged. The acquisition adds operations tools and business intelligence to SimpleNexus’ extensive homeownership platform.
Eyes on Housing
OCTOBER 14, 2021
The NAHB/Royal Building Products Remodeling Market Index (RMI) for the third quarter posted a reading of 87, up five points from the third quarter of 2020. The reading is a sign of positive residential remodeler sentiment for projects of all sizes.
GoForrmz
OCTOBER 13, 2021
With digital telecom forms, telecom service providers can automate customer service processes, access data in real-time, and more With the rapid advancements of digital solutions, industries are experiencing an urgent need for modernization, and the telecommunication industry is no exception. Due to the COVID-19 crisis , a majority of the global workforce has been forced to work from home, requiring access to systems from remote or dispersed locations , videoconferencing, collaborating with coll
Housing Wire
OCTOBER 11, 2021
Servicers’ forbearance portfolio volume declined at the fastest rate in a year, as mortgage holders exit COVID-19 plans, according to the Mortgage Bankers Association (MBA). Exits are expected to pick up the pace in the weeks ahead due to economic improvement. The total number of loans in forbearance decreased by 27 basis points to 2.62% as of Oct. 3.
Appraisal Buzz
OCTOBER 15, 2021
According to the National Reverse Mortgage Lenders Association (NRMLA), senior homeowners over the age of 62 saw their housing wealth grow by an average of 3.7% or $339 billion in the second quarter alone, bringing their market share to a record $9.57 trillion from Q1. According to study by the NRMLA using their RiskSpan Reverse Mortgage Market Index dataset, the increase in … The post Senior Home Wealth Increases 3.7% in Q2 appeared first on theMReport.com.
Eyes on Housing
OCTOBER 14, 2021
Prices paid for goods used in residential construction ex-energy decreased 0.8% in September (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The decrease was largely driven by lower lumber and concrete products prices and was the second monthly decline since the start of the last recession.
GoForrmz
OCTOBER 14, 2021
Streamline the collection of child care information, parent/guardian contact information, daycare documentation, and permissions, with digital forms and online form sharing Digital daycare enrollment forms provide daycare centers with an efficient, seamless way of collecting child care information and parent/guardian permissions. Daycare centers can easily digitize their existing paper forms or build a form from scratch within the GoFormz Template Editor and embed their online form on their webs
Housing Wire
OCTOBER 12, 2021
Mortgage credit availability increased for the third consecutive month in September, but is still 30% below the pre-pandemic level, according to a report released Tuesday by the Mortgage Bankers Association (MBA). Much of the growth in credit availability has come from loans that cater to self-employed borrowers, who were left in the cold by most lenders during the pandemic.
Appraisal Buzz
OCTOBER 15, 2021
The number of homeowners in forbearance receded at a brisk clip last week as the first wave of final expirations continues. Black Knight reports the number of active plans dropped by about 10 percent during the week ended October 12 , a reduction of 143,000. This comes on the heels of a 177,000 drop the prior week. The declines were seen across all investor classes with the largest, 88,000, in the number of loans serviced.
Eyes on Housing
OCTOBER 15, 2021
Over the first eight months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 775,772. On a year-over-year (YoY) basis, this is a 25.8% increase over the August 2020 level of 616,856. Year-to-date ending in August, single-family permits increased in all four regions. The Northeast region reported the strongest increase of 29.3%, followed by the South.
The Robert Weiler Company
OCTOBER 13, 2021
Every year, new commercial real estate investment blogs and podcasts are started and books published. They all promise to have the best secrets and latest tips on CRE investing, but which resources are worth your time? Whether you are a seasoned commercial real estate investor or just entering the game, it’s important to have “go-to” resources to support – or strengthen – your growth in the industry.
Housing Wire
OCTOBER 13, 2021
Mortgage application activity was largely flat for the week ending Oct. 8, despite mortgage rates reaching their highest level since June. That’s according to the latest mortgage application survey from the Mortgage Bankers Association , which said applications overall increased just 0.2% from the prior week. “An increase in home purchase applications offset a slight decline in refinances,” said Joel Kan, the MBA’s vice president of economic and industry forecasting. R
Appraisal Buzz
OCTOBER 15, 2021
In its latest forecast, the GSE predicts a short-term tightening of the Federal Reserve’s policies and an interest rate hike in late 2022. The post Where Fannie Mae Thinks the Market Is Headed appeared first on DSNews. The post Where Fannie Mae Thinks the Market Is Headed appeared first on Appraisal Buzz.
Eyes on Housing
OCTOBER 12, 2021
In the August labor market data, job openings for the overall economy remained elevated at 10.4 million open positions. What had been a challenge in certain sectors, like construction, continues as a broad labor access issue as businesses seek workers as the economy expands. The count of open construction jobs was stable at 344,000 unfilled positions, according to data from.
JMV Lending
OCTOBER 11, 2021
The WSJ had this front page headline today: Low Appraisals Upend Home Sales. And, I thought – where have you been, WSJ? Then, I thought… I should blog about this b/c agents can share this with clients – as a great way to warn them about potential appraisal issues. I also wanted to touch on […]. The post WSJ: “Low Appraisals Upend Home Sales” appeared first on JVM Lending.
Housing Wire
OCTOBER 14, 2021
Sales of reperforming loans nosedived in 2020 as the pandemic took root in America, but sales volume appears to have recovered with vigor, based on an analysis of RPL offerings for government-sponsored enterprise Fannie Mae. The GSE earlier this month announced its 23rd sale of reperforming loans, which are defined by Fannie Mae as mortgages that were previously delinquent but are performing again because payments have become current — with or without the use of a modification plan.
Appraisal Buzz
OCTOBER 15, 2021
For the third consecutive month, Fannie Mae’s Economic and Strategic Research Group lowered its gross domestic product growth forecast and increased its inflation forecast due to supply chain constraints and high fuel costs. “We revised downward our forecast for 2021 real GDP growth from 5.4% to 4.9% on a fourth quarter-over-fourth quarter (Q4/Q4) basis, while the outlook for 2022 was adjusted downward to … The post Supply Chain, Fuel Prices Weigh On Economy appeared first on theMReport.c
Urban
OCTOBER 13, 2021
People of color face greater barriers in acquiring mortgages, which helps sustain the racial homeownership gap.
Raleigh Realty
OCTOBER 10, 2021
Selling Your Home: 10 Real Estate Tips and Tricks When you bought your home, you likely felt a great deal of excitement, as well as some apprehension. That feeling probably faded once you settled in and started to make it your own. Whether you have stayed in your home for a number of years or you are having to sell your home earlier than anticipated, you might experience similar emotions throughout the selling process.
Housing Wire
OCTOBER 11, 2021
Earlier in the month, PennyMac Financial and United Wholesale Mortgage publicly announced that they are each raising their conforming loan ceilings by 14%, nearly two months ahead of the Federal Housing Finance Agency ‘s official decree. They’re not the only ones getting a jump on new conforming loan limits. Rocket Mortgage and Homepoint announced last week that they are also upping their conforming loan limit to $625,000 for a one-unit property.
Appraisal Buzz
OCTOBER 15, 2021
Following the nation’s largest wave of delinquent loans since the COVID-19 mortgage crisis, Jay Nair of Infosys examines the industry’s legacy practices and processes as they are being reimagined. The post How U.S. Mortgage Providers Can Innovate to Address New Demand appeared first on theMReport.com. The post How U.S. Mortgage Providers Can Innovate to Address New Demand appeared first on Appraisal Buzz.
Urban
OCTOBER 15, 2021
Reducing barriers to home equity lending can ensure all owners have the opportunity to access the wealth stored in their homes.
The Robert Weiler Company
OCTOBER 15, 2021
Are you a newcomer to buying commercial property for sale in Columbus, Ohio? Welcome to our thriving community! Not only is our neighborhood home to some of the largest U.S. retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. As such, there is no better time than now to seek out commercial real estate in Columbus, Ohio.
Housing Wire
OCTOBER 11, 2021
The largest depository bank in Indiana, Old National Bank , is being sued for alleged redlining practices that spanned more than a decade. A lawsuit filed by the Fair Housing Center of Central Indiana in district court claims that Old National was purposefully cutting corners in serving communities of color by barely approving Black borrowers for mortgage credit and shuttering its branches in minority neighborhoods.
Appraisal Buzz
OCTOBER 15, 2021
As the market expected, the number of active forbearance cases significantly decreased for the second week in a row as the first wave of final plan expirations continues. According to Black Knight’s McDash Flash daily forebarance tracking dataset, active plans fell by another 10%, for an overall reduction of 143,000 since last Tuesday—on top of last week’s 177,000 (-11%) drop.
Eyes on Housing
OCTOBER 13, 2021
Inflation accelerated in September, as prices for food and shelter showed notable gains. Federal Reserve officials described the current inflation run as “transitory”, and attributed recent increases largely to supply-chain constraints and a surge in consumer demand as the economy reopened. And they expected “inflation pressures to ease as the effect of these transitory factors dissipated.
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