Housing Wire
MARCH 18, 2022
The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 million. This level is still within my 2022 forecast sales range between 5.74 million and 6.16 million. Last year I discussed sales levels coming back down to 5.84 million and I am looking for more of the same in 2022, at the 5.74 million level.
Sacramento Appraisal Blog
MARCH 15, 2022
It’s easy to get into valuation trouble when we focus too much on price per sq ft. Seriously, this can be a massive problem leading to major heartache during escrows. Okay, that sounds so dramatic, but it’s important to know how to explain how price per sq ft works. Let’s talk about this by using […].
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Appraisal Buzz
MARCH 18, 2022
This content is password protected. To view it please enter your password below: Password: The post Protected: Accurity Consolidated Hires Tony Reese as Chief Production Officer appeared first on Appraisal Buzz.
George Dell
MARCH 16, 2022
Per FreddieMac (Scott Reuter, Chief Appraiser)[1] recently stated: “Appraisers need to spend time on developing a market conditions analysis in the appraisal. It’s truly the backbone of the appraisal.” Per the Fannie Mae Selling Guide: “The date of sale and the time adjustment (market conditions) are critical elements in determining an accurate value because the […].
Housing Wire
MARCH 18, 2022
When Curtis Mangus of Premier Mortgage Resources in Meridian, Idaho looked into pivoting into reverse after serving decades in the traditional mortgage business, he asked his managing partner at the lender about its reverse mortgage department. The partner smiled. “ You are the reverse mortgage department,” he said. Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mor
The Appraiser Coach
MARCH 15, 2022
There are those who argue that hiring help from outside the U.S. is unamerican, as it takes jobs away from Americans on the home turf. And to a certain extent, Read More.
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Eyes on Housing
MARCH 16, 2022
The prices of goods used in residential construction ex-energy climbed 1.6% in February (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials prices increased 20.4%, year-over-year, and have risen 31.3% since January 2020. Over the past five months, the index has climbed 10.6%.
Housing Wire
MARCH 18, 2022
Veteran mortgage executive Bill Dallas has left his position as president of Finance of America Mortgage amid larger changes to the Texas-based nonbank lender’s C-Suite and business lines. Dallas, a seasoned entrepreneur, joined FoA Mortgage four years ago after selling one of his companies to Finance of America Companies, the Blackstone Group -controlled parent company.
Raleigh Realty
MARCH 13, 2022
Where's the Best Pizza in Raleigh? Best Pizza in Raleigh? We have you covered. We know the rules too, unfortunately, we couldn't stop at just one slice. As a local real estate company it's part of our job to help keep you informed on the topics that matter to you most, that's why we are bringing to you 9 of the best pizza places in Raleigh There is an abundance of Pizza Restaurants in Raleigh that serve mouthwatering pies that can appease preferences of any kind Stick with us while we take you o
Appraisal Buzz
MARCH 14, 2022
From predictive tech to customer self-service, Brad Hawkins details the developments that may reshape the field services sector in the months to come. The post Top Field Services Trends to Expect This Year appeared first on DSNews. The post Top Field Services Trends to Expect This Year appeared first on Appraisal Buzz.
GoForrmz
MARCH 17, 2022
GoFormz Cares: GoFormz partners with the American Heart Association in support of their Hard Hats With Heart initiative We are proud to announce that GoFormz will be sponsoring the American Heart Association’s event, Hard Hats with Heart, taking place in San Jose, CA on April 21, 2022. The American Heart Association strives tirelessly to create a world filled with longer, healthier lives specifically through their Hard Hats with Heart event that is geared towards the construction industry and th
Housing Wire
MARCH 17, 2022
Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger. The companies say the secure process was a “first of its kind” in the mortgage industry and has the potential to revolutionize the $3 trillion mortgage ecosystem.
Raleigh Realty
MARCH 14, 2022
Living in Wake Forest, NC Moving to Wake Forest? We have you covered with this guide below or click to check out the available homes for sale in Wake Forest as well as some of the town's best neighborhoods Wake Forest, NC - General Information Living in Wake Forest is wonderful. The town of Wake Forest, North Carolina is a northern Raleigh suburb with a location that allows easy access around the Triangle (Raleigh-Durham-Chapel Hill area).
Appraisal Buzz
MARCH 14, 2022
Human-in-the-Loop document automation platform Ocrolus ’ new suite of document-centric applications is now offered in ICE Encompass, intended to reduce delays due to review queues within the mortgage approval process. Benefits of the new document-centric Encompass suite include reduced loan approval times, integration simplicity, document accuracy and a more inclusive end-user experience: Data accuracy helps reduce the bias in mortgage lending and opens doors to a more inclusive set of borrowers
GoForrmz
MARCH 17, 2022
Mobile forms are more flexible, professional, and accurate than traditional, fillable PDFs When making the switch to digital, many businesses first turn to fillable PDFs for their data capture needs – before realizing the resulting electronic documents aren't much better than their original, paper forms. Although traditional, fillable PDF documents can be filled out on a tablet or smartphone, they still result in a static, isolated record of information.
Housing Wire
MARCH 16, 2022
On Wednesday the Federal Reserve hiked interest rates 0.25%, which has forced me to raise my second recession red flag on this historic economic recovery and expansion. From the Federal Reserve : Indicators of economic activity and employment have continued to strengthen. Job gains have been strong in recent months, and the unemployment rate has declined substantially.
Eyes on Housing
MARCH 14, 2022
As described in a previous post, NAHB’s recently released its 2022 Priced-Out Estimates, showing that 87.5 million households are not able to afford a median priced new home, and that an additional 117,932 would be priced out if the price goes up by $1,000. A second post showed the households priced out by higher interest rates. This post focuses on.
Appraisal Buzz
MARCH 18, 2022
AnnieMac Home Mortgage has chosen Tavant to help expand AnnieMac’s wholesale lending business over the next three years using FinXperience, Tavant’s intuitive platform for point-of-sale experiences. FinXperience is a V?LOX product and implementable across all lending channels, including retail, wholesale and others. “Our election to optimize the sophistication and reliability of Tavant’s FinXperience enables AnnieMac to provide an all-encompassing, inclusive, ‘best in class’ ex
GoForrmz
MARCH 16, 2022
Elevate your retail collaboration and productivity with these powerful data collection automations Retail teams are faced with the challenge of providing an excellent customer experience all while maintaining low operating costs. Paper forms create a significant amount of work for team members and often are disorganized and inaccurate. Manual data entry processes are not only time-consuming but inefficient and expensive.
Housing Wire
MARCH 15, 2022
In this HW+ Slack Q&A , Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, whether or not he has updates to his 2022 forecast and more. As a member of HW+, you can us join for regular 30-minute Slack Q&As, where we invite the HW Media newsroom to break down the hottest topics in the industry. Tune in for our next event with Mohtashami happening March 23rd at 12 CT in the #articlediscussion channel.
Eyes on Housing
MARCH 16, 2022
The first of many expected Federal Reserve hikes of the short-term federal funds rate was announced today. Combined with future balance sheet runoff, these monetary policy moves will lead to higher mortgage rates in 2022 and 2023 as the Fed attempts to curb elevated inflation. As widely expected by forecasters and markets, the Fed raised the federal funds rate by.
Appraisal Buzz
MARCH 18, 2022
Sens. Cassidy and Gillibrand introduce the Flood Insurance Pricing Transparency Act that will require FEMA to publish the formulas used to calculate mitigation credits for policyholders under Risk Rating 2.0. The post Bipartisan Measure Introduced to Bring Transparency to Flood Insurance Pricing appeared first on DSNews. The post Bipartisan Measure Introduced to Bring Transparency to Flood Insurance Pricing appeared first on Appraisal Buzz.
Appraiserblogs
MARCH 17, 2022
Here’s the link to the ‘slide show’ the GSE’s have produced showing proposed design of the future, revised, URAR appraisal form. In my initial very quick observation of the proposed changes, there is FAR MORE INFO REQUESTED about the subject and comparable sales than the ‘current’ 2005 URAR form has on it. If this is what the final version will be like, the appraiser’s time to ‘complete the form report’ may increase exponentially.
Housing Wire
MARCH 16, 2022
The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time in four years, marking an end to the easy money that gave rise to the hottest mortgage market in U.S. history. The FOMC, as was predicted, raised the federal funds rate by 25 basis points to 0.25-0.50 percent, the first time the FOMC has changed the federal funds rate in two years, and the first rate hike since March 2018.
D Fritz Appraisals
MARCH 16, 2022
Investment Property Appraisals – What You Need to Know. Let’s take a look at investment property appraisals because it doesn’t look like our gold rush of a real estate market is slowing down anytime soon. Perhaps your family has outgrown your home and are thinking of moving but would like to keep your current place of residence. Mortgages, property taxes, and utilities aren’t going to get much cheaper, so what’s a viable solution?
Appraisal Buzz
MARCH 18, 2022
Two upcoming webinars presented by the Five Star Institute will examine the state of the foreclosure and REO landscape as business begins to accelerate. The post The Week Ahead: Five Star Webinars Address the End of Foreclosure Moratoria appeared first on DSNews. The post The Week Ahead: Five Star Webinars Address the End of Foreclosure Moratoria appeared first on Appraisal Buzz.
Empire Appraisal Group
MARCH 16, 2022
CFPB Wants to Remove Bias in Algorithm Appraisals. By Kerry Smith. An automatic appraisal that uses historical data can simply mirror existing discrimination, says the national consumer agency, now reviewing loan algorithms. WASHINGTON – An automatic appraisal sounds fair, as if taking the human element out of lending decisions can erase bias by lenders who may not even know they’re making biased decisions.
Housing Wire
MARCH 15, 2022
The key to winning purchase business in 2022 remains as it was in 2021, the year before that, and the year before that – building and maintaining relationships with real estate agents. But in the most competitive purchase market in years, they’ll have to scrap, leverage social media and add a personal touch. According to three loan originators speaking at a policy summit hosted by the National Association of Hispanic Real Estate Professionals in Washington D.C. on Tuesday, LOs should focus
JMV Lending
MARCH 16, 2022
“I knew a guy who sold his house for $100,000 under the market value because he felt like it…” said nobody. Ever. My point is that no seller is ever going to knowingly sell a property for under market value in this day and age – when listing information is made available to everyone via […]. The post Why Homes Have to “Season” After Close Before Appraising Them for More appeared first on JVM Lending.
Appraisal Buzz
MARCH 18, 2022
American Advisors Group (AAG), a company that creates home equity solutions for seniors, announced Scott Slifer as their new Chief Administrative Officer. Part of AAG’s 2022 growth and expansion plan, the move is the latest in a series of high-profile leadership acquisitions. As Chief Administrative Officer, Slifer will be leading AAG’s National Field Sales, Wholesale and Business Development organizations. … The post AAG Names New Chief Administrative Officer appeared first o
Appraiserblogs
MARCH 14, 2022
Why do I take the time to mention “real estate appraisers” and “real estate appraisals?” instead of just “appraisers” and “appraisals”? Personal property appraisers and business appraisers aren’t required by any state to follow USPAP, don’t pay anything for licensing and certification fees to any state, and are not subject matter experts on anything to do with real estate at all, ever.
Housing Wire
MARCH 17, 2022
As the Federal Reserve raised short-term rates for the first time in years, mortgage rates climbed 31 basis points to 4.16%, according to data from Freddie Mac ‘s PMMS survey. “The 30-year fixed-rate mortgage exceeded four percent for the first time since May of 2019,” said Sam Khater, Freddie Mac’s chief economist. “The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to rise over the course of the year.
McKissock
MARCH 18, 2022
Only 42% of the 78,000 state-credentialed appraisers in the United States are certified general appraisers. If you’re growing tired of appraising simple properties or you’re ready to take on more complex assignments with more income potential, it may be a good time to upgrade your appraisal license. An upgrade can give you a much-needed advantage in the local market.
Appraisal Buzz
MARCH 16, 2022
Targeting unfair discrimination in consumer finance, the CFPB vows to take action against financial institutions that engage in discriminatory conduct. The post CFPB Takes Aim at Anti-Discrimination Practices appeared first on DSNews. The post CFPB Takes Aim at Anti-Discrimination Practices appeared first on Appraisal Buzz.
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