Sat.Dec 11, 2021 - Fri.Dec 17, 2021

FHFA proposes capital planning rule for GSEs

Housing Wire

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.

Fannie Mae to Adopt ANSI Measurement Standard in 2022

Appraisal Buzz

On December 15, 2021, Fannie Mae issued Announcement SEL-2021-11 which heralded a number of changes that were made to its Selling Guide.

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Rental Schedules Without an Appraisal?

The Appraiser Coach

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.

The trend isn’t the same in every neighborhood

Sacramento Appraisal Blog

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 […].

Mortgage rates increase to 3.12% as Fed charts new course

Housing Wire

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 Supply Chain Revisited – Interview with Greg Stephens

Appraisal Buzz

The current supply chain shortage has now been impacting the real estate industry for months. R ising material prices alone are adding tens of thousands of dollars to the cost of a new home, but what other factors have arisen within these last few months?

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October Single-Family Permit Gains

Eyes on Housing

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.

November housing starts post double-digit gains

Housing Wire

After dipping by 0.7% in October , housing starts were back up in November. They rose 11.8% month-over-month to a seasonally adjusted rate of 1.68 million units, according to a report released Thursday by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

Clear Capital Further Modernizes the Appraisal Process with ClearPhoto

Appraisal Buzz

Clear Capital , a national real estate valuation technology company, has announced ClearPhoto, a set of AI-driven rules built into the company’s ClearCollateral Review solution. This new innovation automates the review of property photos, ensuring they are aligned with the appraisal data and sketch.

ANSI Measuring Standard Required in 2022

Appraiserblogs

On December 15, 2021, Fannie Mae announced that it will be adopting ANSI Measuring Standard in 2022.

Housing Starts Show Strength in November

Eyes on Housing

Single-family housing showed strength in November despite supply-chain limitations for materials and ongoing access issues for labor and lots. Overall housing starts increased 11.8% to a seasonally adjusted annual rate of 1.68 million units, according to a report from the U.S.

Housing starts and permits ruin Christmas for housing bears

Housing Wire

Today, the U.S. Census Bureau reported that housing starts came in as a beat at 1,679,000 for November. The more critical number of housing permits came in 1,712,000, a solid uptick from last month, and we saw slightly positive revisions to previous numbers.

Housing Starts Surged Nearly 12 Percent in November, Bringing Some Relief to Inventory Constraints

Appraisal Buzz

Housing starts in November were at a seasonally adjusted annual rate of 1.679 million, an increase of 11.8% compared with October and an increase of 8.3% compared with November 2020, according to the U.S. Census Bureau and U.S. Department of Housing and Urban Development. Starts of single?family

Agencies increase appraisal threshold on high-priced mortgages

Valuation Review

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

Paint, Steel, and Services Prices Set Records, Drive PPI for Residential Construction Inputs Higher

Eyes on Housing

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.

Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

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.

Stewart Information Services Acquires Devon Title Agency

Appraisal Buzz

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.

Home Buyer Frustration Will Increase in 2022

Hank Miller Team

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.

Builder Sentiment Strong at Year’s End

Eyes on Housing

Despite inflation concerns and ongoing production bottlenecks, builder confidence edged higher for the fourth consecutive month on strong consumer demand and limited existing inventory.

New SPAC raises $230M to target real estate or mortgage fintech

Housing Wire

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.

Keywords Show Homeowners Focused on Renovations During the Pandemic

Appraisal Buzz

Buying a home is typically the largest purchase one makes in their lifetime and with that comes a lot of research. When beginning house shopping, most people tend to start at the same place they go to get all of their questions answered: the internet.

How Many Homes Go to Investors? About 18%

Empire Appraisal Group

How Many Homes Go to Investors? About 18%. According to the analysis, only Fort Lauderdale (18.6%) comes close to that number. In Jacksonville, more than 1 in 4 homebuyers (28.1%) are investors. SEATTLE – Almost 1 in 5 U.S.

Suburban Shift Continues for Multifamily

Eyes on Housing

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.

FHFA takes a swing at racial bias in appraisal

Housing Wire

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations.

Winter Housing Market Heats Up

Appraisal Buzz

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. Around The We

LoanLogics announces acquisition

Valuation Review

LoanLogics, a digital mortgage solutions provider, has acquired LoanBeam, a provider of income calculation and verification technology endorsed by government-sponsored entities Fannie Mae and Freddie Mac. Terms of the private transaction were not disclosed. Read on to learn company reaction

Federal Reserve Outlook: Housing Considerations

Eyes on Housing

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.

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Ledn raises $70M to grow Bitcoin-backed mortgage product

Housing Wire

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.

Competition Set to Return to the Housing Market?

Appraisal Buzz

As home values continue to trend upward, inventory is heading in the opposite direction, setting the stage for a more competitive market this winter. The post Competition Set to Return to the Housing Market? appeared first on DSNews. The post Competition Set to Return to the Housing Market?

Conference panel addresses appraisal bias

Valuation Review

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.

Flow of Funds: Mortgages Show Outsized Increase

Eyes on Housing

The latest results from the Federal Reserve’s Z.1

How one real estate company is navigating the industry’s shift to B2B transactions

Housing Wire

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.

Guild Mortgage Appoints new Executive VP

Appraisal Buzz

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.

3 CRE Development Projects from The Robert Weiler Company Help Propel the Columbus, Ohio Region

The Robert Weiler Company

As a commercial real estate brokerage in Columbus, Ohio, we know that our city’s population of 900,000 doesn’t rival the country’s major metropolitan areas. Our great urban jungle in the heart of the Midwest doesn’t even make the top 10.