Housing Wire

JANUARY 24, 2025

Rocket Mortgage scored a big win this week after the Fourth Circuit on Thursday vacated a $10 million judgment in a class action over a decade old. The group alleged that they paid for appraisals that were not independent since the defendants had provided appraisers with the homeowners’ estimates of their homes’ values.

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Mortgage Legal Appraisal Valuation 370

Housing Wire

MARCH 20, 2025

Policies related to appraisal appeals, or reconsiderations of value (ROV), were rescinded Wednesday by the Federal Housing Administration (FHA). Garber added that the most pressing concern for appraisers remains the resolution of fair housing claims by the U.S. HUD and FHA handed down new appraisal bias protections in May 2024.

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Appraisal Buzz

MARCH 3, 2025

Appraisers are getting squeezed from all sideslenders, AMCs, regulators, and now even AI and automation. So, wouldnt it make sense for appraisers to do the same? Im as frustrated as anyone by the way appraisers are treated. Im as frustrated as anyone by the way appraisers are treated. The argument comes up all the time.

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Appraisal Modernization Real Estate Agent Business 370

Appraisal Buzz

NOVEMBER 1, 2024

A recent WalletHub report sheds light on mortgage delinquency rates across 100 U.S. Based on data collected between Q1 and Q2 of 2024, WalletHub’s study ranks cities according to the proportion of mortgage holders behind on payments, a critical metric in assessing financial strain within communities. The post Which U.S.

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Mortgage Housing Market Appraisal Marketing 435

Housing Wire

NOVEMBER 11, 2024

New York-based digital mortgage lender Better.com launched a streamline refinance loan product on Monday that aims to help military veterans and service members save money on long-term interest expenses and closing costs. It includes no appraisal and no income documentation requirements. Department of Veterans Affairs (VA).

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Appraisal Construction Mortgage Technology 368

Housing Wire

OCTOBER 18, 2024

Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Ruoff Mortgage is teaming up with fintech company Calque to offer two “buy before you sell“ programs to customers. The Trade-In Mortgage — Calque’s most popular program — functions similar to a vehicle trade-in.

Mortgage 448

Mortgage Buyers Contracts Finance 448

Appraisal Buzz

FEBRUARY 24, 2025

of Americans under 30 have a mortgage, according to a LendingTree research of anonymised credit reports of platform users. On the LendingTree platform, younger buyers searched for mortgages that would cost an average of $92,332 in 2024 to buy homes in the 50 largest metro areas. of people under 30 have a mortgage, compared to 8.4%

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Mortgage Buyers Home Value Appraisal 335

Appraisal Buzz

OCTOBER 31, 2024

This is in line with the Mortgage Bankers Association ‘s (MBA) Purchase Applications Payment Index (PAPI), which uses information from the MBA Weekly Applications Survey (WAS) to calculate how new monthly mortgage payments change over time in relation to income. It is down by $114 from one year ago, equal to a 5.3% The PAPI is down 9.1%

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Mortgage Buyers Appraisal 370

Appraisal Buzz

APRIL 2, 2025

One Real Mortgage , the mortgage broker arm of The Real Brokerage Inc., Under the Loan Officer Awards Stock Grant Program, One Real Mortgage LOs can earn $15,000 in restricted share units upon achieving $20 million in annual production.

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Loan Officers Mortgage Real Estate Agent Design 369

Appraisal Buzz

JANUARY 10, 2025

In the modern mortgage industry, lenders are not just setting themselves apart on who has the best Super Bowl ad or the biggest branch footprint, but increasingly also on their approach to technology. Lenders as Tech Providers in the New Era of Mortgage As we move into the era of mortgage digitalization 2.0,

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Architecture Mortgage Technology Modernization 397

Appraisal Buzz

DECEMBER 17, 2024

The most recent Commercial Delinquency Report from the Mortgage Bankers Association (MBA) shows that commercial mortgage delinquencies rose in the third quarter of 2024. These groups collectively own almost 80 percent of the outstanding debt from commercial mortgages. To read the full release, click here.

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Mortgage Investors Real Estate Development 397

Appraisal Buzz

OCTOBER 24, 2024

An examination of CoreLogic data indicates that, in comparison to prior years, jumbo mortgage originations saw a discernible drop in both dollar quantities and market share in 2023 and 2024. Mortgage origination volumes surged in 2020 and 2021 as a result of the historically low mortgage rates and the quick growth in housing prices.

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Mortgage Marketing Appraisal 370

Appraisal Buzz

NOVEMBER 21, 2024

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2024 shows mortgage applications for new home purchases increased 8.2 The new home sales estimate is derived using mortgage application information from the BAS, as well as assumptions regarding market coverage and other factors.

Mortgage 370

Mortgage Buyers Contracts Construction 370

Appraisal Buzz

FEBRUARY 6, 2025

Freddie Mac has announced the nine winners of its 2024 Servicer Honors and Rewards Program (SHARP) , which recognizes mortgage loan servicers for quality servicing, risk management, and sustainable homeownership resulting in superior portfolio performance.

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Mortgage Clients Appraisal 415

Appraisal Buzz

FEBRUARY 17, 2025

According to the Mortgage Bankers Association (MBA), approximately 20% ($957 billion) of $4.8 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2025, a 3% increase from the $929 billion that matured in 2024. The post What Percentage of Commercial Mortgage Balances Will Mature in 2025?

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Mortgage Real Estate Investors Retail 351

Housing Wire

FEBRUARY 3, 2025

The Tech100 Mortgage award recognizes the most innovative and impactful organizations driving the mortgage industry forward. More than just an accolade, this award highlights organizations that are transforming the housing sectorenhancing efficiency, transparency, and accessibility in ways that reshape the future of mortgage lending.

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Mortgage Valuation Lending Technology 417

Appraisal Buzz

OCTOBER 15, 2024

The Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) based on data analysis from ICE Mortgage Technology , indicates a drop in mortgage credit availability in September. Key Findings from the Mortgage Credit Availability Index: In September, the MCAI dropped by 0.5%

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Mortgage Government Lending Construction 387

Appraisal Buzz

OCTOBER 17, 2024

According to statistics from the September 2024 Builder Application Survey (BAS) by the Mortgage Bankers Association (MBA), mortgage applications for the purchase of new homes grew by 10.8% The BAS’s mortgage application data is used to estimate new house sales, together with several characteristics and market coverage assumptions.

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Appraisal Buzz

DECEMBER 26, 2024

mortgage delinquency rate increased significantly in November, rising 8.38% compared with October, according to ICE Mortgage Technologys First Look report. Photo: Ag Barros The post Mortgage Delinquencies Jumped 8 Percent in November appeared first on MortgageOrb.

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Mortgage Inventory Technology Appraisal 395

Appraisal Buzz

NOVEMBER 19, 2024

The Mortgage Bankers Association ’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.47% as of October 31, 2024. Mortgage servicers have provided forbearance to approximately 8.4 The post Share of Mortgage Loans in Forbearance Jumps first appeared on The MortgagePoint.

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Mortgage Investors Appraisal Marketing 393

Appraisal Buzz

NOVEMBER 8, 2024

Power examines artificial intelligence and its emergence in the mortgage marketplace. In the report “ With AI-Powered Chatbots Coming to Customer Service, Are Mortgage Customers Ready? Power’s examination of AI and chatbots in the mortgage space. In its latest Lending Intelligence Report, J.D. Click here for more on J.D.

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Mortgage Investing Technology Training 389

Appraisal Buzz

NOVEMBER 26, 2024

As 2025 draws near, mortgage rates are once again in the news. Mortgage Rates to Drop, Increase, & Drop Again in 2025 Although there are indications that mortgage rates may ease in 2025, as we witnessed in 2024, mortgage rates rarely move in the anticipated direction.

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Housing Market Tenants Marketing Mortgage 396

Appraisal Buzz

OCTOBER 22, 2024

According to a new report, during Q3 of 2024, there was a small increase in the delinquency rates for mortgages secured by commercial buildings. This is in line with the most recent Commercial Real Estate Finance (CREF) Loan Performance Survey from the Mortgage Bankers Association (MBA). the previous quarter.

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Mortgage Retail Real Estate Finance 354

Appraisal Buzz

NOVEMBER 13, 2024

The mortgage servicing landscape has long been a crucible of change, where today’s decisions lay the groundwork for the industry’s future. Formed in 2023, the MSEA is a platform for nurturing the next generation of mortgage leaders. Here’s what our panel of mortgage servicing executives had to share.

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Mortgage Technology Clients Tools 410

Appraisal Buzz

MARCH 13, 2025

After decreasing for seven consecutive weeks, mortgage rates remained basically flat this week, with the average rate for a 30-year, fixed-rate mortgage at 6.65%, up slightly from 6.63% last week, according to Freddie Macs Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 6.74%.

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Marketing Mortgage Inventory Housing Market 322

Appraisal Buzz

FEBRUARY 17, 2025

homeowners with mortgages nationwide have an interest rate higher than or equal to 6%, the highest percentage since 2016. of homeowners who hold mortgages is less than 6%. of homeowners with mortgages had a rate below 6% in Q3 of 2023. The pandemic-era record low of 2.65% for mortgage rates has already been more than doubled.

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Mortgage Real Estate Agent Home Value Agents 347

Housing Wire

MARCH 3, 2025

Bank7 is expanding its mortgage reach in Oklahoma. The community bank has completed its acquisition of First American Mortgage, Inc. , a small mortgage lender and brokerage based in the suburbs of Oklahoma City. Yukon-based First American Mortgage, Inc. Yukon-based First American Mortgage, Inc.

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Mortgage Valuation Brokerage Appraisal 294

Appraisal Buzz

FEBRUARY 6, 2025

Mortgage rates fell for a third straight week, with the average rate for a 30-year, fixed-rate mortgage dropping to 6.89%, down from 6.95% last week, according to Freddie Macs Primary Mortgage Market Survey. Mortgage rates have been stable over the last month and incoming data suggest the economy remains on firm footing.

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Mortgage Marketing Investors Appraisal 358

Housing Wire

MARCH 31, 2025

Rocket Companies is buying Mr. Cooper , America’s largest mortgage servicer, in a market-shattering deal that could reshape the mortgage industry for years to come. That’s one out of every six mortgages in America. Cooper, will be president and CEO of Rocket Mortgage, reporting to Krishna.

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Finance Clients Brokerage Mortgage 468

Appraisal Buzz

OCTOBER 11, 2024

Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. Independent mortgage banks play a key role in making this a reality, and this summit will shine a spotlight on their essential contributions to our housing market.”

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Marketing Mortgage Finance Retail 370

Appraisal Buzz

JANUARY 30, 2025

While some homeowners prioritize their mortgage payments, those who are not financially prepared may face significant challenges due to other essential and frequent expenses such as homeowners insurance, property taxes, utilities, repairs, and maintenance. To read the full report, including more data, charts, and methodology, click here.

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Appraisal Buzz

OCTOBER 16, 2024

The post Buyers and Sellers Embrace Market in Wake of Mortgage Rate Dip first appeared on The MortgagePoint. The post Buyers and Sellers Embrace Market in Wake of Mortgage Rate Dip appeared first on Appraisal Buzz. To read the full report, including more data, charts, and methodology, click here.

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Sellers Buyers Marketing Mortgage 418

Housing Wire

JANUARY 30, 2025

This was some of the perspective shared by Matt Cook, the director of business development at HomeTeam Inspection Service , who shared with HousingWire ‘s Reverse Mortgage Daily (RMD) how the growing number of older homeowners is impacting what he sees on a daily basis. Some feel like homes arent built like they used to be.

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Housing Wire

APRIL 1, 2025

The current reverse mortgage industry market leader, Mutual of Omaha Mortgage , announced on Tuesday that it has launched a new proprietary reverse mortgage product, with initial availability in California and Florida. The product line, known as SecureEquity, is available to homeowners as young as age 55.

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Mortgage HOA Property Taxes Clients 307

Appraisal Buzz

MARCH 3, 2025

Artificial intelligence is beginning to play a positive role in the mortgage origination process from applications to verifications to valuations to closings and beyond, it is helping to speed processes and reduce the rate of error. But AI can be a double-edged sword, as there is also a rising risk of AI-driven fraud.

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Mortgage Insurance Valuation Tools 312

Housing Wire

APRIL 4, 2025

Following other recent proprietary product development news, Longbridge Financial announced on Friday the launch of a new variation for its private fixed-rate reverse mortgage offering. Platinum Peak is now available in at least two reverse mortgage loan origination systems (LOS) for brokers.

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Mortgage Home Value Agents Design 322

Appraisal Buzz

MARCH 31, 2025

trillion across nearly 10 million clients, or one in every six mortgages in America. Servicing is a critical pillar of homeownershipalongside home search and mortgage origination, said Varun Krishna , Rocket CEO. Highlights of the Transaction Rocket Mortgage has ranked number one in J.D.

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Clients Real Estate Finance Technology 407