Housing Wire

DECEMBER 16, 2021

The Federal Housing Finance Agency (FHFA) on Thursday issued a proposed rule that would require Fannie Mae and Freddie Mac to develop, maintain, and submit annual capital plans to the regulator. “The proposed rule will help ensure that the Enterprises have robust systems and processes in place to monitor and maintain proper levels of capital, ” said Acting Director Sandra Thompson, who was nominated to be the permanent agency director on Wednesday.

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Business Investors Finance Housing Market 499

Sacramento Appraisal Blog

DECEMBER 15, 2021

This year is almost over and I’ll be shutting things down until January. Okay, I actually have a ton of work to finish, but this will be my final post of the year. With that said, I have a few things on my mind. January public speaking gigs: January 12: Top Producer Panel in Granite […].

Housing Market 398

Housing Market Appraisal Marketing 398

Appraisal Buzz

DECEMBER 15, 2021

On December 15, 2021, Fannie Mae issued Announcement SEL-2021-11 which heralded a number of changes that were made to its Selling Guide. Several of the changes are aimed at underwriters and do not affect appraisers; however, there is one significant change for appraisers that will change the way they inspect properties in the not-so-distant future. As of April 1, 2022, Fannie Mae will require appraisers to measure subject property improvements using ANSI Standard Z765-2021.

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Inspection Appraisal 370

The Appraiser Coach

DECEMBER 14, 2021

Can you do a rental schedule on a property that you have not appraised? This was a question recently asked in my closed Facebook All-Stars group. Within this private group, Read More.

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Appraisal Advertising Real Estate Agent Government 370

Housing Wire

DECEMBER 16, 2021

The average 30-year-fixed rate mortgage increased to 3.12% during the week ending Dec. 16, up from 3.10% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.67%. The 15-year-fixed-rate mortgage averaged 2.34% last week, declining from 2.38% the week prior. A year ago, at this time, it averaged 2.21%.

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Mortgage Lending Development Technology 486

George Dell

DECEMBER 15, 2021

Obsolete — Standards?! This is third in a series, as we look at this question from the viewpoints five forces of friction: process, standards, education, client expectation, and regulation. This issue is about valuation standards. We will end with part 7: the mystery solution. In the United States, the predominant standards are USPAP (Uniform Standards […].

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Eyes on Housing

DECEMBER 14, 2021

Over the first ten months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 948,321. On a year-over-year (YoY) basis, this is a 17.3% increase over the October 2020 level of 808,301. Year-to-date ending in October, single-family permits increased in all four regions. Southern region reported the strongest increase of 19.1%, followed by Northeast (+18.5%), West.

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Housing Wire

DECEMBER 16, 2021

The last two years have been a wild ride. We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. Let’s not forget the substantial fiscal and monetary policy that provided extraordinary levels of support for households, businesses, and markets here and abroad.

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Marketing Mortgage Supply Chain Inventory 444

Appraiserblogs

DECEMBER 17, 2021

On December 15, 2021, Fannie Mae announced that it will be adopting ANSI Measuring Standard in 2022. Appraisers will be required to use the Square Footage-Method for Calculating: ANSI® Z765-2021 (American National Standards Institute®) Measuring Standard for measuring, calculating, and reporting gross living area (GLA) and non-GLA areas of subject properties for appraisals requiring interior and exterior inspections with effective dates of April 1, 2022 or later for loans sold to Fannie Mae.

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Inspection Appraisal Real Estate Realtors 123

Appraisal Buzz

DECEMBER 17, 2021

Stewart Information Services Corp. has acquired Devon Title Agency for an undisclosed sum. Devon is one of the largest title agencies in Michigan, with more than 30 years of providing superior title services to customers across the state. The transaction highlights Stewart’s continued emphasis on investing in key markets across the country. “The addition of Devon to the Stewart family of companies establishes us as one of the market leaders in Michigan,” says Steve.

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Investing Appraisal Marketing 195

Eyes on Housing

DECEMBER 15, 2021

The prices of goods used in residential construction ex-energy climbed 1.8% in November (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The monthly increase was driven by price increases in nearly every product category. Building materials prices have increased 14.1% year-to-date, more than tripling the November YTD increase of.

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Construction 173

Housing Wire

DECEMBER 14, 2021

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. In a blog post, Fannie Mae and Freddie Mac ’s regulator and conservator said it found examples of “overt references to race, ethnicity, and other prohibited bases under federal fair lending laws,” which FHFA said indicate the “continued presence of valuation bias.”.

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Appraisal Valuation Finance Training 424

Urban

DECEMBER 15, 2021

By 2060, the AAPI population is expected to surpass 38 million. Before then, policymakers and researchers need to better understand the disparities among this diverse community if they want to eliminate barriers to accessing homeownership.

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Appraisal Buzz

DECEMBER 17, 2021

In a year where home prices have risen by nearly 20%, the market is set to remain on a steady path, avoiding the typical winter cooldown. The post Winter Housing Market Heats Up appeared first on theMReport.com. The post Winter Housing Market Heats Up appeared first on Appraisal Buzz.

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Housing Market Marketing Appraisal 195

Eyes on Housing

DECEMBER 16, 2021

In the third quarter of 2021 apartments and other multifamily residential construction showed a continuation of the suburban shift that was characteristic of prior quarters, per the most recent data from NAHB’s Home Building Geography Index. For the current period, market share declined in high-density markets, namely large metro core and suburban counties.

Construction 158

Construction Supply Chain Marketing 158

Housing Wire

DECEMBER 13, 2021

Consumers have flipped the script on lenders and real estate agents when it comes to the home-buying process. Ninety percent of consumers start their home search online and many get prequalified for financing before they even reach out to a real estate agent. In this changing landscape, it has become increasingly more difficult to get to the consumer.

Real Estate 413

Real Estate Real Estate Agent Agents Clients 413

Valuation Review

DECEMBER 13, 2021

The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency announced the 2022 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase from $27,200 to $28,500. The threshold amount will be effective Jan. 1, 2022.

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Appraisal Buzz

DECEMBER 17, 2021

Guild Mortgage, a rapidly growing mortgage lending company originating and servicing residential loans operating since 1960, has named Russ Fowlie executive vice president of loan servicing. Fowlie has 25 years of mortgage banking and servicing experience, which includes leading operations and launching and implementing successful business transformation projects.

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Mortgage Lending Business Appraisal 195

Eyes on Housing

DECEMBER 15, 2021

At the conclusion of its December policy meeting, the Federal Reserve announced changes to its outlook and projections that move monetary policy further away from the accommodative stance that has supported the economic rebound from the 2020 recession. This pivot toward tighter policy is a direct result of ongoing, elevated inflation data. Today’s announcement makes several changes to both the.

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Housing Wire

DECEMBER 17, 2021

Special purpose acquisition companies’ appetite for real estate and mortgage businesses apparently isn’t dead yet , despite recent problems involving Better.com that pushed a merger with Aurora Acquisitions Corp. to next year, if at all. Blank check company Southport Acquisition Corporation concluded on Tuesday a $230 million capital raising to pursue acquisitions mainly in mortgage and real estate verticals in the United States. .

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Real Estate Mortgage Insurance Business 403

Realtor

DECEMBER 15, 2021

Getty Images Despite policies meant to bar race-related bias in assessing property values, many home appraisers continue to make references to the neighborhood’s racial demographics in their assessments of a home’s value. That’s the takeaway from an examination of millions of property valuations conducted by the Federal House Finance Agency, the main regulator that oversees Fannie Mae and Freddie Mac.

Appraisal 90

Appraisal Valuation Contracts Real Estate 90

Appraisal Buzz

DECEMBER 17, 2021

Russ Fowlie brings 25 years of experience to the table in building long-term relationships to create “customers for life.”. The post Guild Mortgage Appoints New Executive VP appeared first on DSNews. The post Guild Mortgage Appoints New Executive VP appeared first on Appraisal Buzz.

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Mortgage Appraisal 195

Eyes on Housing

DECEMBER 13, 2021

The latest results from the Federal Reserve’s Z.1 Financial Accounts of the United States, i.e., the “Flow of Funds”, show that the aggregate value of all home mortgages of households and nonprofit organizations in the United States in the third quarter of 2021 registered the largest post-Great Recession numerical quarterly increase. From $11.

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Mortgage 139

Housing Wire

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. The round valued the company at $540 million and was led by 10T Holdings, the company announced on Wednesday. Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs.

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Mortgage Clients Lending Investors 409

Hank Miller Team

DECEMBER 17, 2021

It’s with a MASSIVE dose of “we think” that we offer our latest opinions (12/16/21) for the first quarter of the 2022 North Atlanta real estate market. It's not a rosy outlook; expect home buyer frustration to increase in 2022. Rates are likely to increase as the Fed just responded to the record high inflation, planning at least three rate bumps for 2022.

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Buyers Supply Chain Inventory Real Estate 98

Appraisal Buzz

DECEMBER 17, 2021

UHM adds Producing Area Sales Manager to oversee the growth and expansion of the southern Alabama and the Florida panhandle markets. The post Tyler Tullis Appointed Sales Manager of Union Home Mortgage appeared first on theMReport.com. The post Tyler Tullis Appointed Sales Manager of Union Home Mortgage appeared first on Appraisal Buzz.

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Mortgage Appraisal Marketing 195

McKissock

DECEMBER 15, 2021

Social media marketing for real estate has become a bonafide way to market your business and build your personal brand. Want to know why? Your biggest market at this moment (and likely for years to come) are Millennials. And Millennials love their social media. This isn’t about falling in line with some hot trend or fad either. It’s not a gimmick. Social media is one of your best options for reaching the people most likely to need your services.

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Real Estate Marketing Real Estate Agent Agents 93

Housing Wire

DECEMBER 16, 2021

FHFA Acting Director Sandra Thompson. Industry stakeholders and affordable housing advocates welcomed news that the Federal Housing Finance Agency ’s acting director, Sandra Thompson, was nominated for the permanent role. President Joe Biden nominated Thompson for FHFA director on Tuesday. It’s arguably the most important role in housing finance, perched atop the agency that oversees $7.2 trillion in mortgages.

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Mortgage Finance Business 379

GoForrmz

DECEMBER 16, 2021

Prioritize job site safety by digitally transforming your operations with digital forms Whether your operation is a large-scale general contractor or a specialized subcontractor, job site safety is imperative for all entities. Especially with paper forms, safety and compliance can feel overwhelming – requiring manual data collection and entry. Not only does paper forms waste time and budget, but it also creates additional tedious tasks such as hand-delivery of critical documents, rekeying inform

Construction 78

Construction Inspection Business 78

Appraisal Buzz

DECEMBER 17, 2021

The nation’s housing inventory dropped for the 39th consecutive week, driving prices further skyward as demand continues to outpace the nation’s supply. The post U.S. Home Prices Inch Closer to Record Highs appeared first on theMReport.com. The post U.S. Home Prices Inch Closer to Record Highs appeared first on Appraisal Buzz.

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Inventory Appraisal 195

Valuation Review

DECEMBER 15, 2021

At the 2021 Appraisal Summit conference in Las Vegas, Valuation Review attended the “Addressing Bias in Real Estate & Promoting Fair Housing” session. Industry veterans offered specific definitions for clarity, as well as what programs are available for the industry to tackle this problem. Read on for complete details and insight.

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Valuation Review Appraisal Valuation Real Estate 78

Housing Wire

DECEMBER 15, 2021

Mortgage applications fell 4% for the week ending Dec. 10, large part because fewer borrowers are looking to refi their exiting mortgages, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The decrease was mainly driven by the refi index falling 6.4% from the previous week on a seasonally adjusted basis. Concurrently, the purchase index increased 0.7% from the week prior.

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Inventory Contracts Government Mortgage 366

GoForrmz

DECEMBER 15, 2021

Enhance your data collection process by utilizing Conditional Logic within your online form With the help of Conditional Logic , you can seamlessly guide user data entry, resulting in fewer obstacles and more accurate information. In some cases, adding Conditional Logic can even eliminate the need for dozens of paper forms. This is made possible by the ‘if/then’ nature of Conditional Logic forms, which can hide and highlight different form fields based on predetermined criteria.

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Appraisal Buzz

DECEMBER 17, 2021

The nation’s housing inventory dropped for the 39th consecutive week, driving prices further skyward as demand continues to outpace the nation’s supply. The post U.S. Home Prices Inch Closer to Record Highs appeared first on theMReport.com. The post U.S. Home Prices Inch Closer to Record Highs appeared first on Appraisal Buzz.

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Inventory Appraisal 195