Housing Wire

MARCH 2, 2021

HousingWire spoke with Steve Greenfield, Altisource General Manager of Mortgage Real Estate Solutions, about the state of the mortgage market and how Altisource’s HomeVal solution is benefiting lenders. HW: How can integrating title and valuation data points alleviate those pain points?

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Housing Wire

MAY 14, 2024

In addition to product development, FinLocker (a former HousingWire Tech 100 winner) plans to expand its strategic partnerships and collaborations within the mortgage ecosystem. It already has more than 40,000 registered customers. million in pre-seed funding in 2016.

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Housing Wire

NOVEMBER 7, 2023

And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I single-family home was $3,901, up 3% compared to 2021, ATTOM reported.

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Housing Wire

JUNE 30, 2021

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

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Clear Capital

MAY 4, 2021

Watch our panel session from IMN Jumbo Mortgage Loan Virtual Symposium to hear the panelists discuss housing market trends, changes in the appraisal process, forecasting home prices, and how housing migration is affecting the jumbo market.

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Housing Wire

SEPTEMBER 9, 2021

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%. How fine-tuning MSR valuations can help lenders improve decision-making.

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Clear Capital

JULY 27, 2023

Clear Capital’s ClearAVM , a nationwide automated valuation model (AVM) that provides accurate estimates of market value for millions of properties, has been integrated with BeSmartee’s Mortgage POS and HELOC product to provide users with value verification during the initial application and/or underwriting process on mortgage and home equity loans.

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Housing Wire

OCTOBER 8, 2021

The Consumer Financial Protection Bureau (CFPB) today settled a lawsuit against the nation’s largest reverse mortgage lender for allegedly sending consumers inflated home valuations. The direct mailers advertised a prominent “estimated home value,” per the court filing, which the CFPB claimed was inflated.

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Housing Wire

SEPTEMBER 27, 2023

Years of rising prices and a prolonged period of increasing mortgage rates have made one issue top of mind for most homebuyers: affordability. Take the Zillow Home Value Index. It measures the typical home value for single-family residences, condominiums and co-ops in the 35th to 65th percentile within their region.

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Housing Wire

JANUARY 31, 2021

In the days of COVID-19 and the CARES Act, mortgage servicers are staying busy working with borrowers as they make decisions regarding the future of their homes. Clear Snapshot delivers voluntary liens, collateral valuation and credit reporting information to achieve these efficiencies.”.

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D Fritz Appraisals

SEPTEMBER 19, 2019

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. With so many types of transactions solely being handled online these days, it’s tempting to want to complete your required home appraisals entirely online and leave it at that.

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Appraisal Buzz

MAY 6, 2024

Stan Middleman, Chairman and CEO of Freedom Mortgage, spoke of some insurers writing policies without coverage for wind to limit liability and losses, in response to rising instances of storm damage. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

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Housing Wire

OCTOBER 18, 2022

Automated Valuation Models (AVMs) are having a moment. homeowners sitting on more than $30 trillion dollars in home equity, many lenders are looking to the latest AVMs to improve the accuracy and efficiency of their home equity lending. Unlike first mortgages, HELOCs are usually low- or no-cost products for consumers.

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BiggerPockets

APRIL 22, 2021

Your ability to qualify for a mortgage hinges on your home appraisal—so how can you maximize your home's value? Here, learn how to challenge a low appraisal and get the highest valuation possible.

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Appraiserblogs

APRIL 13, 2023

Their mortgage portfolios are filled with time-bombs called “fixed-payment” mortgages. High interest rates and falling home values mean borrowers north of the border aren’t able to refinance out of these toxic mortgages. Mortgage Underwriting appeared on Appraisers Blogs.

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Hank Miller Team

OCTOBER 5, 2021

The homebot monthly home value report is now available and is absolutely free. Homebot provides home owners an unequaled depth of information about their home and competing market.

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Housing Wire

JUNE 14, 2022

Fannie Mae and Freddie Mac’s equitable housing finance plans further expand non-traditional property appraisals, which sometimes rely on property tax information, data collected by third parties, or algorithms to assess a property’s value. Using its automated valuation models “leads to relatively lower racial gaps,” Freddie Mac said.

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Housing Wire

NOVEMBER 2, 2021

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. People have equated FHA insurance to that of private mortgage insurance used by the government-sponsored enterprises (GSEs), which is not life-of-loan. This change triggered controversy.

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Housing Wire

MAY 27, 2022

There is no single silver bullet that will rectify the pernicious impact of bias in residential real estate valuations — it is a complex problem that requires a multifaceted solution. As a result, homes located in minority neighborhoods have been chronically undervalued, exacerbating the racial wealth gap.

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Clear Capital

FEBRUARY 23, 2024

Shared equity programs are growing across the country, and lenders and appraisers should understand the nuances of these programs to ensure accurate valuations. Appraisers are on the front lines of combating the incorrect narrative that shared equity programs in communities bring down home values. What is shared equity?

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Housing Wire

JANUARY 13, 2022

The Supreme Court weighed in on a class action lawsuit against Quicken Loans , now Rocket Mortgage , regarding its appraisal practices during the financial crisis, delivering a procedural win for the mortgage lender. million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009.

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Appraiserblogs

JANUARY 11, 2024

They bought a house worth much less than they paid for it and never planned or budgeted to make a mortgage payment in the first place. About 2 years before the crash of ‘08, I ran across a company out of DC called “Metro Grapevine” and “Metro Dream Homes.” the renewed “churning” of mortgages by nonbank lenders.

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Housing Wire

JUNE 1, 2021

The provisions are the Biden administration’s latest effort to combat the racial wealth gap, which Fudge called attention to during recent remarks to the Mortgage Bankers Association. How hybrid title and valuations help increase lending efficiency. Streamline by combining services. Presented by: Altisource.

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AmeriMac

JANUARY 30, 2024

What is a Reverse Mortgage Appraisal? A reverse mortgage appraisal is an evaluation of a property’s value to determine how much money can be borrowed through a reverse mortgage. The appraisal is important because it helps lenders assess the risk associated with the reverse mortgage loan.

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Housing Wire

JANUARY 10, 2023

However, all of the concerns from last year threaten to carry over — from the fear of recession to stubborn high home prices and the stickiness of sub 3% mortgage rates that keep future buyers firmly planted in their existing homes. And yet the MBA Mortgage Finance Forecast for 2023 has some bright spots in it.

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Housing Wire

APRIL 20, 2021

Reginald Edwards, Redfin senior economist, said racist housing policies that were outlawed in the 1960s combined with “continuing biases” among homebuyers and housing professionals in parts of the home-buying process — like appraisals and mortgage lending — are keeping Black Americans from building wealth through home equity.

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Houston Properties

JULY 22, 2022

Home Value Of My House: Tips for Pricing Your Houston Home. Asking yourself, "What is the home value of my house in Houston"? Use this Houston home valuation tool from HoustonProperties.com. Value Your Home. Planning to sell your home but overwhelmed with all the steps to take?

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Appraiserblogs

APRIL 23, 2024

The underwriter revealed that the tool uses a ‘Census Block Grid’ adjustment (CBG) to evaluate comparable property values. This adjustment, which modifies values based on median home values within specific census blocks, raises concerns for potentially reflecting practices akin to redlining – a discriminatory practice that.

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Housing Wire

NOVEMBER 16, 2023

This turned out not to be an overstatement – and its possible abolition is opening the doors to entirely new ways to buy and sell homes. Each offer is an instructive data point, representing leading indicators of home value and market trends, informing price trajectory in a way that no appraiser or automated valuation model can.

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AmeriMac

MARCH 29, 2024

Reverse mortgages are becoming an increasingly popular financial tool for homeowners over the age of 62 who want to access equity in their homes. One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan.

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Empire Appraisal Group

MARCH 16, 2022

CFPB announced an initiative to make sure computer models that help determine home valuations are fair, the Small Business Advisory Review Panel for Automated Valuation Model (AVM) Rulemaking. The technical term for them is automated valuation models (AVM). Overvaluing homes can lead to higher rates of foreclosure.

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Housing Wire

JUNE 29, 2021

The average home value for high hazard risk properties is $697,000, as compared to the neighborhood average of $773,000 dollars. With a nearly $75,000 gap, it becomes evident that homes in Otay Ranch at higher risk also have lower property values.

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Eppraisal

OCTOBER 31, 2023

   Property Valuation Your home value is the primary determiner of your asking price. Unless you’re desperate to sell and willing to accept less than what you still owe on your mortgage, price your house based on what these sources say it should be worth.

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Eppraisal

DECEMBER 8, 2023

This will help you determine a realistic budget for your future home. Aim for a mortgage payment that comfortably fits within your financial capabilities, leaving room for unexpected expenses. Get Pre-approved for a Mortgage Take the uncertainty out of your home search by getting pre-approved for a mortgage.

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DW Slater Company

FEBRUARY 23, 2023

The past six months have been full of very drastic changes as the rapid mortgage rate increases causing many markets to begin to decline. The demand for housing decreased with the higher mortgage rates as it decreased buyer power. Closely studying our markets is very crucial in understanding current market value for appraisers.

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Premier Home Appraisal Blog

MAY 30, 2023

My home appraisal saved me money! Are you tired of paying for private mortgage insurance (PMI) every month? PMI is typically required when you put down less than 20% on the purchase of a home, but once you reach the equity threshold of 20%, you may be eligible for PMI removal. Subtract your outstanding mortgage balance.

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Clear Capital

APRIL 1, 2024

It’s a great time for lenders to climb aboard the home equity lending bandwagon. Whether you’re starting a home equity program or seeking to enhance your existing program, an automated valuation model (AVM) is a great tool to have in your belt. What is home equity lending? What can customers do with home equity loans?

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