Sat.Jun 04, 2022 - Fri.Jun 10, 2022

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Are home prices about to fall?

Housing Wire

We are at the point of the economic cycle where I really just get two questions: Are we going into recession and are home prices about to fall? I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. .

Inventory 545
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Buyers gaining power & farewell real estate honeymoon

Sacramento Appraisal Blog

Sellers haven’t had to negotiate much with buyers over the past two years, but that’s starting to change. Let’s talk about this today by looking at seller concessions (credits for repairs, help with closing costs, etc…). I hope you enjoy, whether you’re local or not. THE HONEYMOON IS OVER: It’s like the market was on […].

Buyers 449
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6 Excel Training Resources for Real Estate Appraisers (Free for Members)

Appraisal Buzz

The use of Microsoft Excel is widespread in the appraisal industry. In a recent survey, Excel was among the top four software tools on which appraisers said they’d like additional training. Are you looking for new and better ways to leverage Excel tools in your appraisal business? Here are six Microsoft Excel training resources for real estate appraisers—exclusively available to McKissock Unlimited Learning Members.

Training 370
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Part 0: How Do We Fix the Excess of Appraisers?

George Dell

How can we fix the excess of appraisers? Easy — we do what we have always done, each time. 1) We will raise the standards (“cost of entry”). 2) We will make it harder to become an appraiser; 3) Let the lower fees discourage newcomer appraisers. In past issues of the Analogue […]. The post Part 0: How Do We Fix the Excess of Appraisers?

Appraisal 366
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Investors from 3 Asian nations have heartiest appetite for U.S. MBS

Housing Wire

The Federal Reserve ’s (Fed) efforts to beat back inflation with its monetary tools have already shifted the winds in the secondary market for mortgage-backed securities (MBS). The Fed’s continuing effort to wind down its $2.7 trillion MBS portfolio helps fuel widening interest-rate spreads in the MBS market by creating additional MBS supply to be absorbed by investors.

Investors 477
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How to Create Your Dream Home Office Without Breaking the Bank

Cleveland Appraisal Blog

Hidy Ho friend! I hope you’re enjoying a little bit of the great outdoors! This week I will be traveling to Columbus for the annual Ohio Coalition of Appraisal Professionals summer seminar. I’m looking forward to a little networking and catching up with my appraisal friends. In the meantime, I hope you enjoy another article from return guest blogger June Duncan.

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What To Do When Hiring A Trainee

The Appraiser Coach

You are working hard as an appraiser, gaining customers, and creating value. You love what you do and are excited to see the business you have diligently and meticulously worked. Read More.

Business 195
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Frank Nothaft, economist with “inimitable style,” has died

Housing Wire

Frank Nothaft, chief economist at CoreLogic and before that, the top economist at Freddie Mac , has died. He was 66. At CoreLogic, Nothaft headed the office of the economist, providing analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets. Prior to joining CoreLogic in 2015, Nothaft had a nearly 30-year career at Freddie Mac, where he was most recently the chief economist. “When I arrived at Freddie Mac in 2012 he was a long-established major nam

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The Aging Housing Stock

Eyes on Housing

The median age of owner-occupied homes is 39 years, according to the latest data from the 2019 American Community Survey. Compared to a median age of 31 years in 2005, the U.S. owner-occupied housing stock is aging gradually. The residential construction continues to fall behind in the number of new homes built especially after the Great Recession. This aging housing.

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Guide to Basic Website Optimization for Appraisers

Appraisal Buzz

Optimizing your real estate appraisal website to improve your Google search ranking is a great way to bring in more clients and increase your earnings. When it comes to generating new business, having a strong online presence and being easy to find online are key. In the recorded webinar, “Appraisal Company Marketing Strategies that Work”—exclusively available to McKissock Unlimited Learning Members —Bryan Knowlton lays out a guide to basic website optimization for appraisers.

Appraisal 195
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The Wylie Ax Murder House- Does Murder Impact the Value of Real Estate? 

DW Slater Company

via GIPHY. On June 13, 1980, I was just a young soon-to-be 6th grader living near the Houston, TX area. I did not hear about Candy Montgomery. Thankfully, I was unaware of how Candy came over to Beth Gore’s house on Friday the 13th and murdered her with 41 blows from an ax. I did not know how she did this in between Vacation Bible School and went about her day as if nothing had happened.

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Industry supports FHA’s 40-year loan term option — with caveats

Housing Wire

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. While four prominent trade groups voiced support, they also proposed some tweaks. The Mortgage Bankers Association, Housing Policy Council, National Association of REALTORS and the American Bankers Association agreed a 40-year loan modification should be a permanent fixture in the administration’s loss mitigation handbook, suggesti

Insurance 414
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Inflation Hits a Fresh 40-Year High in May

Eyes on Housing

Consumer prices accelerated again in May as shelter, energy and food prices continued to surge at the fastest pace in decades. This marked the third straight month for inflation above an 8% rate and was the largest year-over-year gain since December 1981. Both energy and shelter index recorded their largest annual gains since September 2005 and February 1991.

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Homebot Integrates Total Expert Platform for Mortgage Lender Relationships

Appraisal Buzz

Homebot has integrated with Total Expert , a CRM and customer engagement platform for financial institutions. The integration automates client list management, allowing mortgage lenders to streamline the delivery of Homebot digests and develop customer relationships right away. “With the mortgage market rapidly changing, the consumer experience is more important than ever,” says Charlie Pratt, CEO of Homebot. “Allowing homeowners and homebuyers to engage with personalized educa

Mortgage 170
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Property Data Reports for Appraisal Waivers

Appraiserblogs

These Property Data Reports have a higher level or different reporting requirements than ordinary traditional appraisals. Appraisers, on Tuesday 5/24/22, an AMC sent a message to their appraiser panel appraisers asking them if they’d like to ‘help their lender clients’ by doing Property Data Reports (PDR). Let’s decipher what this is all about. Freddie Mac has decided, that as of Sunday, July 17, 2022, they must have a PDR (Property Data Report) completed “by someone” in order for the loan appli

Appraisal 123
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These mortgage lenders have cut jobs in 2022

Housing Wire

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. And it’s likely to continue – executives are calling this one of the most challenging periods in memory. By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020.

Mortgage 414
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Large Metro Suburban Single-family Construction Slows

Eyes on Housing

Recent developments in the first quarter of 2022 per NAHB’s Home Building Geography Index (HBGI), indicate single-family home building slowing in suburbs, with most other regional geographies following suit. Following the aftermath of COVID-19, home buyer preferences for the suburbs have eased. Supply-chain challenges and unfavorable economic conditions have reduced the pace of single-family residential construction across all regional submarkets.

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EarnUp Expands Mortgage Solutions Leadership Team with Four Additions

Appraisal Buzz

EarnUp , a fintech company offering intelligent payment and data solutions for the mortgage industry, has expanded its executive team. Michelle Scanlon is on board as chief people officer, Aileen Casanave as general counsel, Brad Woodcox as vice president of strategy and operations, and Johnathan Flowers as head of marketing. “Michelle, Aileen, Brad and Johnathan bring with them decades of experience and their expertise will bolster our executive team as we drive the company’s next.

Mortgage 170
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[Video] Webinar: Improving Quality Management With GoFormz & Procore

GoForrmz

Improve your operation’s quality management with the GoFormz and Procore integration Quality management is a critical function often plagued with obstacles like missing information, inaccurate data, miscommunication, and more. Leveraging GoFormz and Procore, owners can maintain complete oversight of their projects and provide residents with the quality they expect.

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Mortgage apps decline 6.5% to 22-year low

Housing Wire

Mortgage application volume for the week ending June 3 dropped 6.5%, sliding to the lowest level in 22 years, driven by weakness in purchase and refinance applications. Despite the recent decline in mortgage rates , they were not low enough to spur refinance activity, which led to the decline of the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index.

Mortgage 393
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High Rates Suppress Refinancing

Eyes on Housing

Per the Mortgage Bankers Association (MBA), through the week ending June 3, total mortgage activity decreased, with the 30-year fixed-rate mortgage (FRM) rate increasing to 5.45%, on average. The latest week’s rate increased to 5.4%, after 3 consecutive weeks of declines, each by a few basis points. The Market Composite Index, a measure of mortgage loan application volume, decreased by.

Mortgage 154
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Court Reverses Dismissal of Borrower’s Collections Claims Against Servicer

Appraisal Buzz

Attorney Adam Diaz of Diaz Anselmo & Associates examines a recent case where the Eleventh Circuit Court of Appeals reversed a fair debt collections case involving a national mortgage servicer. The post Court Reverses Dismissal of Borrower’s Collections Claims Against Servicer appeared first on DSNews. The post Court Reverses Dismissal of Borrower’s Collections Claims Against Servicer appeared first on Appraisal Buzz.

Appraisal 150
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Top 10 Real Estate Markets To Watch in 2022

McKissock

COVID-19 has shaken the norms of homeownership and market expectations across the United States throughout the pandemic. As many industries transitioned to remote work , more homebuyers find themselves free to move anywhere they’d like while keeping their jobs, which is especially convenient for those seeking homes in more affordable real estate markets.

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HW+ Member Spotlight: Stacy Esser

Housing Wire

This week’s HW+ member spotlight features Stacy Esser, founder and team leader at Stacy Esser Group/SEG Realty Keller Williams. Based in New Jersey, Esser and her team have been recognized as the No. 1 agent in Tenafly, New Jersey and the No. 1 agent for the Bergen County. Below, Esser answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why?

Inventory 382
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Buzzcast: A Deeper Look into the Housing Industry | Clear Capital in the News

Clear Capital

Story by Buzzcast. Today’s Buzzcast interview is with Kenon Chen, EVP of Corporate Strategy at Clear Capital. We sat down with Kenon and Joan Trice, Founder of Allterra Group, LLC, to discuss current events in the housing industry and what will be happening in the future. What is the state of the current housing market? What are your opinions on the new technology being introduced and piloted by appraisers?

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Motto Mortgage; wemlo, Hire New Product & Strategy Talent

Appraisal Buzz

Motto Mortgage, a national mortgage brokerage franchise in the U.S., and wemlo, a third-party mortgage processing solution with an all-in-one digital platform, announced it has appointed industry veteran, Chris Erickson, as VP of Product & Strategy for both brands. Erickson brings nearly two decades of experience in the financial services industry, previously serving as VP … The post Motto Mortgage; wemlo, Hire New Product & Strategy Talent appeared first on DSNews.

Mortgage 150
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6 Excel Training Resources for Real Estate Appraisers (Free for Members)

McKissock

The use of Microsoft Excel is widespread in the appraisal industry. In a recent survey, Excel was among the top four software tools on which appraisers said they’d like additional training. Are you looking for new and better ways to leverage Excel tools in your appraisal business? Here are six Microsoft Excel training resources for real estate appraisers—exclusively available to McKissock Unlimited Learning Members.

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Figure and Homebridge cancel planned merger

Housing Wire

Figure Technologies co-founder and CEO Mike Cagney. Fintech lender Figure Technologies and multichannel originator Homebridge Financial Services last August announced a merger that they claimed would usher in monumental change to the mortgage industry. Figure, founded in 2018 by SoFi co-founder Mike Cagney, would bring a blockchain tech platform to the merged company, which would double the lender’s capacity to fulfill loans.

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The Real Estate Investor’s Guide to Buying a Property in Tornado Alley

Mashvisor

When investing in real estate, you need to consider possible natural disasters that could occur especially when buying property in Tornado Alley. Table of Contents What Is Tornado Alley?

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Home Prices Up Nearly 21% Nationwide

Appraisal Buzz

CoreLogic has released the CoreLogic Home Price Index (HPI ) and HPI Forecast for April 2022. Nationwide, home prices posted another record-high year-over-year increase in April, marking the 123rd straight month of gains. Rising mortgage rates drove buyer urgency and the resulting price growth, with about 70% of U.S. homes selling for more than asking price … The post Home Prices Up Nearly 21% Nationwide appeared first on DSNews.

Buyers 150
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Guide to Basic Website Optimization for Appraisers

McKissock

Optimizing your real estate appraisal website to improve your Google search ranking is a great way to bring in more clients and increase your earnings. When it comes to generating new business, having a strong online presence and being easy to find online are key. In the recorded webinar, “Appraisal Company Marketing Strategies that Work”—exclusively available to McKissock Unlimited Learning Members —Bryan Knowlton lays out a guide to basic website optimization for appraisers.

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Fannie Mae to sell $1.6B reperforming loan pool

Housing Wire

Fannie Mae has unveiled its third reperforming loan sale of the year, an offering of nearly 10,000 loans valued at $1.57 billion. The offering, dubbed FNMA 2022-RPL3, represents the agency’s 26th sale of reperforming loans since the inaugural offering in October 2016, which involved a pool of 3,600 reperforming loans valued at about $806 million. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time.

Investors 382
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How Do I Earn the MAI Designation?

Real Quantum

How Do I Earn the MAI Designation? Appraisers come in all shapes and sizes. Like many professions with a relatively low bar for entry, it attracts both serious and casual workers. As such, any committed professional with only state certification could be undervalued by the industry. However, appraisers who want to take their day job to the level of a serious career have some fantastic options to stand out from the crowd.

Design 68
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Home Prices Up Nearly 21% Nationwide

Appraisal Buzz

CoreLogic has released the CoreLogic Home Price Index (HPI ) and HPI Forecast for April 2022. Nationwide, home prices posted another record-high year-over-year increase in April, marking the 123rd straight month of gains. Rising mortgage rates drove buyer urgency and the resulting price growth, with about 70% of U.S. homes selling for more than asking price … The post Home Prices Up Nearly 21% Nationwide appeared first on DSNews.

Buyers 150