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Pending Home Sales Climb to Highest Level Since March

Appraisal Buzz

increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, The amount of contract activity in 2001 is represented by an index of 100. Year-over-year, contract signings grew in the Northeast and West and were unchanged in the Midwest and South. September saw a 7.4%

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FHFA issues final rule on commingled securities for GSEs

Housing Wire

The final rule is primarily related to guarantees on commingled securities, multifamily mortgage exposures secured by properties with government subsidies and derivatives and cleared transactions. 1, 2024, but certain provisions on derivative contracts, and cleared and collateralized transactions go into effect on Jan.

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Housing market pauses for election

Housing Wire

The election took up a lot of peoples’ lives last week, and that obviously delayed some listing and sales activity, plus we’ve had spiking mortgage rates. At that time, mortgage rates rose from 6.5% We’re looking at the newly pending contracts here. The autumn seasonal decline is upon us. to 8% and inventory spiked.

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Mat Ishbia talks the ‘loser mentality,’ the controversial ‘ultimatum’ and the years ahead

Housing Wire

Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Meanwhile, 2025 and 2026 will be off the charts. And 2025 and 2026 will be off the charts. mortgage lender.

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DataDigest: Goldilocks and the big IMBs

Housing Wire

The biggest nonbank mortgage lenders in America saw improved performance in both origination and servicing segments in the second quarter, capitalizing on the continued mortgage pullback from banks. As we’ve reported, that trend looks sticky, which could help change the fortunes of top independent mortgage banks sooner than expected.

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Appraising Kitchens

Appraisal Today

FHFA’s Appraisal Waivers Expansion The Great Debate on Appraisal Fees Updated UAD redesign timeline with specific implementation dates Mortgage applications decreased 0.1 Mandate: November 2, 2026 UAD 2.6 Early 2026 New UAD in full production. Mandate: November 2, 2026 All lenders must use UAD 3.6

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2024 Updated UAD and URAR – What does It Mean for You?

Appraisal Today

To see the timeline (from 2018 to 2026) PDF, Click Here Too large to include in this newsletter. NOTE: Please scroll down to read the other topics in this long blog post on forecasts for economic factors, SFR zoning and more apartments, appraising and rhetoric, opinion, or anecdotal theories, unusual homes, mortgage origination stats, etc.