Appraisal Buzz
AUGUST 24, 2022
[link]. Today’s Buzzcast interview is with Anthony Blackburn, CEO of Apple Appraisals. We sat down with Tony and Joan Trice, Founder of Allterra Group, LLC, to discuss how appraisers can be proactive in organizing how their businesses would run without them in the future. What are some examples of the hardships you’ve gone through since unexpectedly losing a business partner?
Housing Wire
AUGUST 23, 2022
It will get worse for the housing market – and mortgage industry – before it gets better. That’s the takeaway from a group of economists at Fannie Mae who slashed their forecast for 2022 home sales this week. “Housing remains clearly on the downtrend — and has been for several months now — due to the combined effects of outsized home price increases and the significant and rapid run-up in mortgage rates,” Fannie Mae’s Chief Economist Doug Duncan said in a statement.
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Sacramento Appraisal Blog
AUGUST 22, 2022
Opendoor has been losing big lately in Sacramento since the market shifted. I thought it would be interesting to take a look at their activity over the past few months since I’m getting so many questions about them. This is not about throwing shade, and I’m not writing as a fanboy either. This is objective […].
Cleveland Appraisal Blog
AUGUST 25, 2022
You’ve just purchased your first property to renovate. How can you capitalize on your first investment property? I welcome back guest blogger and Author, Jessica Brody, who shares some tips with us on how to do so. Enjoy! Whether your first investment property will be a rental or a flip, your goal is to walk away with more money than you put into it.
Appraisal Buzz
AUGUST 26, 2022
While a small number of real estate appraisers (e.g., review appraisers) may spend their entire workday in an office sitting at a computer, most split their time between the office and the field. Are you a new or prospective appraiser curious about what your workday might look like? Are you a current appraiser wondering how others divide and manage their time?
Housing Wire
AUGUST 25, 2022
South Carolina-based Movement Mortgage has acquired the brokerage Superior Rate Mortgage of New England to expand operations in the region, the company announced Wednesday. The terms of the deal were not disclosed. The acquisition is another step to boost its sales amid shrinking loan origination volumes. The company announced new hires in the sales executive team in early August.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
The Appraiser Coach
AUGUST 23, 2022
In the beginning of the COVID-19 pandemic, when the State of Idaho shut down, my company and I took a remote appraisal assignment. Because of the local stay-at-home order, we. Read More.
Appraisal Buzz
AUGUST 26, 2022
The newest national survey of new homeowners commissioned by U.S News & World 360 Report Reviews found that a majority of new homeowners who purchased a home since the beginning of 2021 reported that they felt “house rich and cash poor” with many admitting they felt pressure to buy as home prices ramped up. Using Pollfish, … The post Analysis: Stress and Regrets of New Homeowners appeared first on DSNews.
Housing Wire
AUGUST 24, 2022
Homepoint has launched a new program to reduce rates for borrowers with lower income, the wholesale lender announced Wednesday. The initiative comes after the company reported a loss in the second quarter of 2022 amid a price war, mainly from its wholesale-only rival United Wholesale Mortgage (UWM). . Homepoint is offering a 75 basis point pricing bonus for conforming conventional loans, with no additional cost to borrowers.
Appraiserblogs
AUGUST 25, 2022
Appraiser Miller wins important claim in racial discrimination lawsuit. Judge ruled Plaintiffs did not rely on Miller’s appraisal. The other claims continue but this was an important claim. It also shows the Plaintiffs lied to the Court. ORDER GRANTING MILLER DEFENDANTS’ MOTION TO DISMISS FIRST AMENDED COMPLAINT; DISMISSING PLAINTIFFS’ SEVENTH CLAIM FOR RELIEF AS ASSERTED AGAINST MILLER DEFENDANTS; VACATING HEARING.
Eyes on Housing
AUGUST 22, 2022
According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts surged during the second quarter of 2022. At 142,000 units started, this was the largest quarter for rental multifamily construction since the second quarter of 1986. The market share of rental units of multifamily construction starts bounced back to 96%.
Appraisal Buzz
AUGUST 25, 2022
An upcoming Five Star Institute webinar will discuss the industry’s usage of a national digital signing platform, as the nation’s mortgage servicers continue to push the digital envelope. The post The Week Ahead: Servicers Leveraging Digital Solutions appeared first on DSNews. The post The Week Ahead: Servicers Leveraging Digital Solutions appeared first on Appraisal Buzz.
Housing Wire
AUGUST 25, 2022
Homepoint is in a tough spot. Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business.
GoForrmz
AUGUST 25, 2022
The best digital forms that will get the job done Campus maintenance takes 24/7 effort and attention. No college or university can operate effectively if the grounds are not providing the right environment. The comfort, cleanliness, and safety of a campus can all contribute to the success of its students and faculty. “ The facilities are maintained not for their own sake, but to provide, within available resources, the best possible environment in which the university community can function
Eyes on Housing
AUGUST 26, 2022
NAHB analysis of the 2021 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 28.8% of the market, while conventional financing dominated the market at 71.2%. In 2020, share of non-conventional financing was 34.4% of the market while conventional financing accounted for 65.6% of the market share.
Appraisal Buzz
AUGUST 25, 2022
Homebuyer affordability improved for the second straight month in July, with the national median payment applied for by applicants decreasing to $1,844 from $1,893 in June. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time –relative to income– using data … The post Affordability Conditions Improve in Majority of U.S.
Housing Wire
AUGUST 25, 2022
Mortgage tech firm Blend launched a software solution for home equity products amid a mad dash from lenders into the space. Instant Home Equity, an automated end-to-end digital home equity product for lenders, integrates income, identity verification, title, decision and property appraisal to save time and costs, Blend said in a release this week. Lenders using Blend’s home equity product can offer personalized home equity loans and then close in a few days as opposed to multiple weeks it
Simonson Real Estate
AUGUST 24, 2022
With rising inflation and multiple interest rate increases in 2022, both are hot topics impacting the commercial real estate industry. We share our latest understandings and what we are doing to continue providing credible appraisals and valuations. Inflation and Interest Rates. Inflation is running at more than a 40-year high with the July 2022 Consumer Price Index increasing 8.5% over the past year.
Eyes on Housing
AUGUST 22, 2022
Nonfarm payroll employment increased in 46 states and the District of Columbia in July compared to the previous month while four states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 528,000 in July, following a gain of 398,000 jobs in June. As of July 2022, the U.S. labor market is back to.
Appraisal Buzz
AUGUST 24, 2022
Black Knight Inc. has released a “first look” the latest iteration of its Mortgage Monitor Report for July 2022, which looks at delinquency and foreclosure rates across the U.S. According to Black Knight, the national delinquency rate rose to 2.89% in June. The delinquency rate was 2.84% in June, 2.75% in May, 2.80% in … The post Early-Stage Delinquencies Push Up National Delinquency Rate appeared first on DSNews.
Housing Wire
AUGUST 24, 2022
For the past two years appraisal gap clauses have been de rigueur in many markets , much to the disdain of frustrated homebuyers. Mortgage startup Tomo feels, however, that it has a solution. On Wednesday, the firm launched Tomo Appraisal Coverage. Tomo says its appraisal coverage product protects home buyers from having to bring more cash to the close when appraisals come in low, with the same APR, cash-to-close and monthly payment guaranteed.
GoForrmz
AUGUST 24, 2022
Set up your students for success by introducing tech into co-curricular experiences Involvement in college matters and what students do during their college tenure helps set them apart from their classmates as they embark on their next stage of life – the real world! In fact, The Ohio State University, Center for the Study of Student Life conducted an Involvement Study that covered how college student involvement is positively and directly related to career outcomes.
Eyes on Housing
AUGUST 24, 2022
The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2 to 4 unit properties) has disappointed. For 2021, there were only 12,000 starts of such residences.
Appraisal Buzz
AUGUST 24, 2022
The Pending Home Sales Index (PHSI), which measures housing contract activity, again fell in July, the second month in a row and the eighth time it has fallen this year. In addition, three out of the four major regions in the country also reported declining numbers, as one region, the West, posted a minor gain. … The post Three of Four Regions Post Declining Home Sales Numbers appeared first on DSNews.
Housing Wire
AUGUST 25, 2022
Did you just begin your career as a mortgage loan officer and need the answers to questions you didn’t even know you had? HW Annual is the place for you. Happening Oct. 3-5, HW Annual is the epicenter of all things housing, and it is taking place in Scottsdale, AZ. These three panels have the can’t-miss information that new LOs can use to kick-start their careers.
Raleigh Realty
AUGUST 20, 2022
Mold Remediation Tips and Tricks Here are seven areas of your home where you can find the mold and some tips and tricks for getting rid of it Mold. What is it? How do you get rid of it, and why is it essential to do so? If you are currently a homeowner or looking to become one, you will likely have to deal with mold at some point in that process. Let's take a deeper look at mold and what you can do to prevent and treat it in your home.
Birmingham Appraisal
AUGUST 23, 2022
How Should You Compare Your Home To Recent Neighborhood Sales? Are you curious about the market value of your home? Have you seen nearby homes sell and wondered how your home might compare to recent neighborhood sales? If so then this post is for you. It’s human nature to believe that your home is the best one in the neighborhood but how does it truly compare with recent sales?
Appraisal Buzz
AUGUST 23, 2022
One of Fannie Mae’s missions is to facilitate equitable and sustainable access to homeownership and quality affordable rental units across the country which provide a stronger and more efficient housing system for all. But as a major source of mortgage financing in the U.S., the Government Sponsored Enterprise (GSE) needs to be at the cusp … The post Fannie Mae Advocates for Additional Demographic Loan Data appeared first on DSNews.
Housing Wire
AUGUST 24, 2022
Top wholesale lender United Wholesale Mortgage (UWM) is the latest originator to join the resurgent home-equity lines of credit (HELOC) market. The Pontiac, Michigan-based lender has started to offer standalone and piggyback options, as fast-rising home values allow homeowners to tap the equity in their houses to pay debts, expenses or investments. .
Valcre
AUGUST 25, 2022
Valcre has been a proud supporter of the Appraisal Institute Annual Conference since our inception in 2017, but this year’s conference was extra special for a number of reasons.
McKissock
AUGUST 26, 2022
While a small number of real estate appraisers (e.g., review appraisers) may spend their entire workday in an office sitting at a computer, most split their time between the office and the field. Are you a new or prospective appraiser curious about what your workday might look like? Are you a current appraiser wondering how others divide and manage their time?
Appraisal Buzz
AUGUST 23, 2022
McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide array of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we add new content to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership?
Housing Wire
AUGUST 25, 2022
Closing software provider Qualia has launched Qualia Application Programing Interface (API), according to an announcement on Wednesday. Qualia says its API provides real estate businesses and PropTech companies the ability to automatically connect internal software tools, integrate with their commercial partners, and analyze their comprehensive performance data.
Clear Capital
AUGUST 24, 2022
Today, we are excited to announce Clear Capital’s Broker Price Opinions (BPOs) can easily be integrated and ordered without leaving your existing loan origination or order management system. . Now you can order BPOs through your system utilizing Property Valuation API — Clear Capital’s all-in-one valuation suite — and receive the BPO results as data and/or an easy-to-read pdf report.
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