Sat.Sep 24, 2022 - Fri.Sep 30, 2022

Federal judge rules in favor of FHFA on net worth sweeps

Housing Wire

The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac , has been granted summary judgment on the last remaining claim by investors in a lawsuit alleging the government overstepped its authority when it adjusted its stock-purchase agreements with the agencies and allowed net worth sweeps.

Legal 386

Chuck Norris eats 7% mortgage rates for breakfast

Sacramento Appraisal Blog

Housing trends are changing by the week, and it’s time to start believing the Fed when they talk about resetting the housing market. Let’s chat about this today, and I’d love to hear your take in the comments.


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Once Upon a Time… A Housing Fairy Tale

Appraisal Buzz

This article was originally published in the latest edition of the Fall 2022 Appraisal Buzz Magazine! To receive this subscription directly, click here. Once upon a time, there was a rich nation which valued many things. There were many owners and “wannabe” owners. The owners wanted to be richer and the wannabes wanted to be like the owners. They all liked value. Some people even became “valuers of things.” They claimed to know value. Value was price. It was obvious. Nothing to talk about here.

An Excess of Appraisers? Part III

George Dell

Editor’s Note: This is Part 3 of the series on Excess of Appraisers and how this cyclical phenomenon is affected by the five frictions of modernization. The emerging excess of appraisers is inevitable and recurring.

FoA plans to sell retail division to Guaranteed Rate, close wholesale channel: sources

Housing Wire

Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail mortgage division and shut down its forward wholesale channel, multiple sources told HousingWire. .

Retail 353

Can You Photograph A Smell?

The Appraiser Coach

You may have heard that you can’t have opinions about the color of a room or shaggy carpet as you’re doing your job and walking through homes… that’s dead wrong. Read More.

More Trending

Share of New Homes with Patios Sets Record for Sixth Consecutive Year

Eyes on Housing

The share of homes built with patios hit a record high in 2021. Of the roughly 1.1 million single-family homes started in 2021, 63 percent came with patios. This number comes from NAHB tabulation of data from the Survey of Construction (conducted by the U.S.

New home sales are up 28% — but don’t believe the hype

Housing Wire

New home sales came in as a massive beat of sales estimates, with a 28% month-to-month increase. And, out of the 461,000 new homes available for sale, only 49,000 have been completed and are available to be occupied. These are both crazy stats!

Mortgage Rates Impacting Housing- September Newsletter

DW Slater Company

“Texas is neither southern nor western. Texas is Texas.” ” ~William Blakely. I am a 7th generation Texan on both sides of my family. I can trace my roots back to the Battle of San Jacinto and the Old Three Hundred. If you are from Texas then you get it.

HUD Awards $5M for Repairing Low-Income Veteran’s Homes

Appraisal Buzz

The U.S. Department of Housing and Urban Development (HUD), in partnership with the U.S. Department of Veterans Affairs, today awarded $5 million in $1 million allotments to five non-profits in support of the Veterans Housing Rehabilitation and Modification Pilot Program (VHRMP).

New Home Sales Up in August: Will Decline Again with Higher Rates

Eyes on Housing

A brief decline in mortgage rates helped to boost new home sales in August but sales are expected to move lower in the months ahead as rates have since moved higher and builder sentiment continues to fall due to declining housing affordability and ongoing supply chain bottlenecks.

Fannie Mae launches rent payment reporting pilot program

Housing Wire

Fannie Mae on Tuesday launched a pilot program to help renters of multifamily properties build their credit histories and improve their credit scores. Effective Sept.

Digital Forms for the Holiday Shopping Season


How GoFormz can help your retail business this holiday season The holiday season is around the corner, and consumers are expected to spend big this year. In 2021, US retail sales grew by 16.1%–the the fastest growth rate in more than 20 years! And this upward trend is only predicted to continue.

Markets Considered Overvalued Increasing as Mortgage Rates Rise

Appraisal Buzz

First American Financial Corporation, a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today released the July 2022 First American Real House Price Index (RHPI).

Consumer Confidence Rises to 5-Month High in September

Eyes on Housing

Consumer confidence increased for the second straight month to the highest level since April, as solid job gains, declining gas prices and easing inflation contributed to more optimistic views of economy. However, spending plans were mixed.

Why the Fed’s housing reset risks a global recession

Housing Wire

When Federal Reserve Chairman Jerome Powell talked about a housing reset in June , it sent shockwaves around the country because it sounded so ominous. In the most recent FOMC meeting , held last week, Powell finally clarified what he meant by that term and what a housing reset means to the Fed.

Dart Appraisal acquires AMC

Valuation Review

Dart Appraisal, a nationwide AMC, has acquired MaxVantage, a New Jersey-based AMC. The acquisition further advances Dart Appraisal’s position in the AMC marketplace and builds upon the previous acquisitions of Valuation Management Group and USAMC.

Housing Affordability Continues Rapid Annual Decline

Appraisal Buzz

First American Financial Corporation, a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today released the July 2022 First American Real House Price Index (RHPI).

New Homes Built with Private Wells and Individual Septic Systems in 2021

Eyes on Housing

According to NAHB Economics analysis of the Survey of Construction (SOC) data, almost 9% of new single-family homes started in 2021 are served by individual wells and 16% have private septic systems.

How local lenders can support homeownership in today’s housing market

Housing Wire

In the quest to extend homeownership to everyday Americans, local lenders—a segment that includes credit unions, community banks and independent mortgage banks serving communities across the country—play a vital role. The only banking presence in one in five U.S.

Mississippi’s appraiser educator outlines program

Valuation Review

Earlier, Valuation Review brought to its readers’ attention that the Appraisal Subcommittee (ASC) partnered with Mississippi Practical Appraiser Training (MPAT) for its inaugural MPAT program completion ceremony for 17 aspiring real estate appraisers in Mississippi.

Pace of Refis Falls to 22-Year Low Point

Appraisal Buzz

Continued inflationary burdens, and mortgage rates hitting 14-year highs have driven down mortgage applications this week, as the Fed continues to raise rates to combat a volatile economy. The post Pace of Refis Falls to 22-Year Low Point appeared first on

Productivity Hacks For Real Estate Agents


For even the most veteran real estate professionals, managing time can be a struggle. That’s why it’s time to take advantage of a resource that you may be underutilizing: the weekend.

Home-price growth slowed further in July

Housing Wire

Annual home-price growth continued to slow in July, with year-over-year price gains shrinking for the fourth consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. Nationwide home prices posted a yearly gain of 15.8%

Foreclosures reach pre-pandemic levels

Valuation Review

In August, there were 34,501 properties with foreclosure filings, up 14 percent from July and up 118 percent year-over-year, according to ATTOM’s latest foreclosure market report. Lenders started the foreclosure process on 23,952 properties, up 12 percent from July and up 187 percent from a year ago

HUD Offers Assistance to Victims of Hurricane Fiona

Appraisal Buzz

In an effort to assist in the recovery after Hurricane Fiona made landfall, the Department has issued a new set of waivers offering regulatory and administrative relief to homeowners impacted in Puerto Rico. The post HUD Offers Assistance to Victims of Hurricane Fiona appeared first on DSNews.

Housing crash won't solve affordability crisis - analyst

Mortgagebroker News

A re-balancing, not a drastic downturn, is needed


Wells Fargo discloses another layoff in Iowa

Housing Wire

Amid a decline in mortgage business, Wells Fargo last week notified Iowa state authorities of its plans to lay off 36 employees. The workforce reduction came from its Des Moines, Clive, Ankeny and West Des Moines offices, according to a WARN notice filed in the Iowa Workforce Development.

Freddie Mac: Mortgage rates exceed 6 percent for first time since 2008

Valuation Review

Freddie Mac recently released the results of its Primary Mortgage Market Survey. It showed that the 30-year fixed-rate mortgage averaged 6.02 percent

Most Areas Report Declining Contract Activity

Appraisal Buzz

The Pending Home Sales Index (PHSI), which measures housing contract activity, again fell in August, the third month in a row and the ninth time it has fallen this year.

Slow VA Appraisal Turnaround Times Is Overblown

Appraisers Blog

BayFirst National Bank withdraws from residential mortgage business?

Housing Wire

Higher mortgage rates, lower volume and fiercer competition forced BayFirst National Bank to shut down its residential mortgage business and lay off staffers. BayFirst Financial Corp. ,

Fannie Mae chief economist wins award

Valuation Review

With economic uncertainty still a concern for many forecasters, Fannie Mae Senior Vice President and Chief Economist Douglas Duncan predicts a modest recession, characterized by competing effects of inflation and a strong labor market. Duncan will deliver his 2023 economic outlook at a live event on Oct.

Pending Home Sales Numbers Continue Recent Slide

Appraisal Buzz

The Pending Home Sales Index (PHSI), which measures housing contract activity, again fell in August, the third month in a row and the ninth time it has fallen this year.