Housing Wire
NOVEMBER 15, 2021
Vishal Garg, founder and CEO, Better.com. Better.com is struggling to deal with the waning influence of refis in the mortgage market, with preliminary results published by their SPAC partner revealing that the digital lender expects a net loss between $85 million and $100 million in the third quarter. And the forecast looks even worse for the fourth quarter, documents show.
Appraisal Buzz
NOVEMBER 15, 2021
Matt Simmons has been busy with his sixth edition of “Random Thoughts of an Appraiser!” There are plenty of times where appraisers have collectively had thoughts or concepts that can be communicated and/or questioned in a sentence and don’t need a dedicated article. We are pleased to have Matt Simmons, partner of Maxwell, Hendry & Simmons, offer a periodic collection of observations on what’s going on in the valuation world.
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Sacramento Appraisal Blog
NOVEMBER 17, 2021
Real estate has been slowing, but it’s still completely nuts. I’ll explain below. But first let me unpack the NAR conference in San Diego and share some exciting personal news. Then stats and perspective for those interested. NAR Conference & my new BFF: I had the honor of sitting on an appraiser panel last weekend […].
George Dell
NOVEMBER 17, 2021
Three comparables have been the standard for many years. On the residential appraisal side, some clients ask for more (such as current listings). For ‘general’ appraisal, typically four to six comparable sales are enough to achieve believability (credibility). Believability arrives at the user’s desk in a readable report. In the past, the standard residential form […].
Housing Wire
NOVEMBER 18, 2021
Mortgage rates strongly increased above 3% in the week ending November 18, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage hit 3.10%, up 12 basis points from 2.98% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.72%. Sam Khater, Freddie Mac’s chief economist, said the combination of rising inflation and consumer spending is driving mortgage rates higher.
Appraisal Buzz
NOVEMBER 15, 2021
After hitting the lowest levels in over a month last Tuesday, mortgage rates have been moving higher fairly quickly each day since then. Most of the damage occurred on Wednesday and Friday of last week (markets were closed on Thursday), but today got progressively worse as the hours ticked by. Mortgage lenders prefer to release one set of rates per day.
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Eyes on Housing
NOVEMBER 18, 2021
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 shown weakness. For the third quarter of 2021, there were only 2,000 starts of such residences.
Housing Wire
NOVEMBER 16, 2021
Soon after the Department of Housing and Urban Development released its Mutual Mortgage Insurance fund report, housing finance and policy experts opined on whether the Federal Housing Administration (FHA) should lower the fees it charges borrowers. The fund, which insures mortgages backed by the Federal Housing Administration , benefited from the same macroeconomic factors that have boosted the broader mortgage market.
Appraisal Buzz
NOVEMBER 19, 2021
After months of record home sales, fierce bidding wars, and low rates, the market has cooled as supply has dwindled, and more are opting to see where the market settles. The post The Week Ahead: Where Is the Housing Market Going in Q4? appeared first on theMReport.com. The post The Week Ahead: Where Is the Housing Market Going in Q4? appeared first on Appraisal Buzz.
GoForrmz
NOVEMBER 15, 2021
Reduce paper waste by leveraging digital forms as your sustainable business tool With paper forms, businesses struggle with administrative burdens , are prone to costly errors, and experience detrimental delays. Along with the negative business impacts, paper forms add to the current environmental struggles that are prevalent today. Having an understanding of the environmental impact of paper is critical, especially as paper accounts for 26% of total waste in landfills.
Eyes on Housing
NOVEMBER 15, 2021
Friday’s post described how, in the construction industry, job layoffs have plunged while unfilled job positions remain elevated (according to the government’s latest Job Openings and Labor Turnover report). If more evidence of a severe supply chain challenge is needed, the record percentages of NAHB members reporting labor shortages in recent surveys can provide it.
Housing Wire
NOVEMBER 18, 2021
The advancement in digital mortgage has focused on delivering end-to-end digital solutions to improve the consumer experience. But even with this push to make a borrower’s life easier, systemic inequality still exists. HousingWire recently sat down with Joe Hallett, Fannie Mae’s Vice President – Digital Products Management, to discuss how Fannie Mae is leveraging technology to expand access to homeownership.
Appraisal Buzz
NOVEMBER 19, 2021
The combination of a healthy economic recovery and continued low rates is forcing home buyers into limited options. The post Inventory Issues Not Enough to Slow Surging Demand appeared first on DSNews. The post Inventory Issues Not Enough to Slow Surging Demand appeared first on Appraisal Buzz.
GoForrmz
NOVEMBER 17, 2021
Thousands of contractors leverage the GoFormz platform to modernize their day-to-day operations Check out these five digital forms that elevate professionalism, improve operational workflows, and enhance communication between field and office roofing contractor personnel: Roof Inspection Form By introducing digital roof inspection forms into your field operations, roofing contractors can drastically improve their customer retention, internal communication, business professionalism, and much more
Eyes on Housing
NOVEMBER 15, 2021
Over the first nine months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 864,184. On a year-over-year (YoY) basis, this is a 21.2% increase over the September 2020 level of 713,286. Year-to-date ending in September, single-family permits increased in all four regions. Southern region reported the strongest increase of 22.8%, followed by Northeast (+20.4%), West.
Housing Wire
NOVEMBER 16, 2021
Alessandro P. DiNello, president and CEO of president at F lagstar Bancorp. Flagstar Bancorp. has been on a tear in 2021 when it comes to pursuing private-label securitizations, with 13 deals backed by some 22,000 home loans valued at $8 billion now under its belt through mid-November of this year. A pending merger with a New York bank boasting $58 billion in assets, once finalized, promises to further bolster Flagstar’s activity in the private-label space in the year ahead.
Appraisal Buzz
NOVEMBER 19, 2021
At a time of the year when the market generally cools, home buyers are looking to land the home of their dreams among an ever-shrinking supply. The post Home Buyer Demand Hits Peak Levels appeared first on theMReport.com. The post Home Buyer Demand Hits Peak Levels appeared first on Appraisal Buzz.
GoForrmz
NOVEMBER 16, 2021
Improve your healthcare operation’s patient care and retention with HIPAA-secure online forms and real-time data capture In healthcare, every interaction with a patient impacts retention. From intake to follow-up, it is critical that healthcare teams prioritize efficient, clear, and professional communication, as each interaction can impact retention and attrition.
Appraiserblogs
NOVEMBER 18, 2021
The real estate industry has a square footage credibility problem. ANSI has been out since 1996 with no new pages added and very few changes. In a constantly changing industry with new home styles and designs, change is a requirement. We have to remember that ANSI was originally created to be simple enough for a teenager to understand. It’s a great basic tool but falls well short of solving the real estate industry’s square footage problems.
Housing Wire
NOVEMBER 16, 2021
North Carolina-based fintech firm nCino has reached a deal to acquire mortgage tech vendor SimpleNexus for $1.2 billion, the company said in a statement late Tuesday afternoon. The sum entails a $240 million cash payment and approximately 13.2 million shares of nCino common stock, nCino said. nCino, a publicly traded financial tech company that specializes in cloud banking, said that its decision to purchase Utah-based SimpleNexus is a natural expansion of the company into the point-of-sale mort
Appraisal Buzz
NOVEMBER 19, 2021
New brand to key in on real estate investors’ access to capital and the revitalization of neighborhoods and rehabbing of homes across the U.S. The post LendingHome Completes Rebrand to ‘Kiavi’ appeared first on DSNews. The post LendingHome Completes Rebrand to ‘Kiavi’ appeared first on Appraisal Buzz.
GoForrmz
NOVEMBER 18, 2021
Digitize your retail checklists to improve daily operations and enhance the in-store experience for customers To ensure that your daily operations at your retail store are efficient and running smoothly, it is imperative that you have taken your paper checklists to digital. With digital checklists, you can guarantee that all stakeholders - managers, supervisors, and floor staff are working under the correct protocol and that expectations are consistently met.
DW Slater Company
NOVEMBER 17, 2021
“When I started counting my blessings, my whole life turned around.” Willie Nelson. As we are entering a busy holiday season, I hope that you are able to take some time for reflections. I do know the times have been trying the past 2 years. There have been many losses and changes for many of us, but because of this I truly cherish the time we get with family and friends.
Housing Wire
NOVEMBER 17, 2021
Refinance mortgage loan applications dipped 31% year-to-year on the week ending Nov. 12, according to a survey published by the Mortgage Bankers Association (MBA) on Wednesday. The refi volume decreased 5% compared to the previous week. Meanwhile, applications to purchase a new home declined 6% in one year. However, they were up 2% in comparison to the previous week.
Appraisal Buzz
NOVEMBER 19, 2021
Mortgage Automator, a complete loan origination and servicing software for private lenders, has integrated Lightning Docs , a proprietary cloud-based loan document generation system developed in-house by the attorneys and partners at Geraci LLP. “We are very excited to partner with Geraci LLP who share our vision and commitment to the digital progress in the private mortgage industry,” says Joseph Fooks, Mortgage Automator’s co-founder.
Appraiserblogs
NOVEMBER 17, 2021
From The Chrisman Commentary (Rob is a mortgage broker but an essential source of information on the mortgage industry). You can subscribe here. From Appraisals are near the top of any list of current lender and borrower complaints about the processing of mortgages. This week I received this note from Mike Simmons, Co-President of AXIS AMC. “I’ve heard of something overhanging the appraisal industry.
Eyes on Housing
NOVEMBER 17, 2021
The latest Mortgage Bankers Association’s (MBA) weekly application surveys shows a decline for refinancing and an increase in mortgage purchasing. The 30-year fixed-rate mortgage rate increased, averaging close to 3.2 percent for the month and was 3.16 percent in the latest week. In the latest week, total mortgage applications, as proxied by the MBA’s Market Composite Index, decreased by 2.8.
Housing Wire
NOVEMBER 15, 2021
Rocket Companies CEO Jay Farner. When Rocket Companies announced in August that it would be dipping its toes in the iBuying space, the lender didn’t do so with its usual panache. There were no polished marketing promos or commercials featuring celebrities like Tracy Morgan. In fact, news that Rocket would be pushing into iBuying was barely a footnote in the August press release.
Appraisal Buzz
NOVEMBER 19, 2021
Mortgage banker will benefit by streamlining its operations through Blend’s digital offerings. The post Blend and PRMG Extend Their Partnership appeared first on theMReport.com. The post Blend and PRMG Extend Their Partnership appeared first on Appraisal Buzz.
Urban
NOVEMBER 15, 2021
Cities’ diverse and creative plans reveal the scope of housing needs and local urgency to find funding for solutions.
Eyes on Housing
NOVEMBER 18, 2021
Sentiment on the production of new and occupancy in existing multifamily housing improved in the third quarter, according to the latest results from NAHB’s Multifamily Market Survey (MMS). The MMS produces two main indices. The Multifamily Production Index (MPI) increased five points from the previous quarter to 53, while the Multifamily Occupancy Index (MOI) also increased by five points, to.
Housing Wire
NOVEMBER 17, 2021
For years, @properties has sat atop Chicago residential real estate, fueling speculation about if and when they might aggressively expand outside Chicagoland. On Wednesday, the brokerage announced perhaps its biggest move ever outside the Windy City, stating that they have acquired Christie’s International Real Estate , a New York City-based brokerage.
Appraisal Buzz
NOVEMBER 19, 2021
New dataset finds approximately 1.01 million mortgage holders remain in pandemic-related forbearance plans, accounting for approximately $188 billion in total unpaid principal balance (UPB). The post Nearly 2% of All Mortgages Remain in Forbearance Plans appeared first on DSNews. The post Nearly 2% of All Mortgages Remain in Forbearance Plans appeared first on Appraisal Buzz.
Empire Appraisal Group
NOVEMBER 18, 2021
© skodonnell – E+ / Getty Images. Cash-Out Refis Surge as Owners Use Equity Gains. With double-digit annual gains fueling homeowner wealth, owners have gotten richer, and they’re starting to take advantage of that added equity. Cash-out refinancing, which allows owners to take out a lump sum from their equity through loans, increased by 33% in October compared to a year prior, according to Black Knight Inc.
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