Housing Wire
OCTOBER 16, 2024
Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending October 11, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 17% on both a seasonally adjusted and an unadjusted basis from one week earlier.
Appraisal Buzz
OCTOBER 16, 2024
Get ready for the most exciting Buzzcast yet! Join hosts Hal and Jim as they share the finalists of this year’s Buzzy Awards. Plus, Jim draws three random winners from the nominees to receive a FREE pass to the Valuation Expo conference in August 2025. Cast YOUR votes on the winners of this year’s Buzzy Awards here: [link] At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field.
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Housing Wire
OCTOBER 16, 2024
In today’s complex digital environment, understanding the legal and regulatory requirements surrounding cybersecurity is crucial for any business. While the need for strong cybersecurity measures is widely recognized, navigating the legal landscape that governs them is equally important. In this article, part of the “ Reducing Risk ” series, we will break down how staying compliant with these regulations can protect your business, your clients, and their sensitive data.
Appraisal Buzz
OCTOBER 16, 2024
According to the Realtor.com September Rental Report, there remains a geographical gap in the rental market despite a national trend of overall rent declines. Despite a nationwide decline in rent, nine of the ten Midwestern markets included in the 50-metro survey experienced year-over-year increases in rent in September. On the other hand, eight out of ten of the markets that saw the largest rent cuts last month were in the South, primarily due to an increase in the number of new multi-family ho
Housing Wire
OCTOBER 16, 2024
Understanding that real estate housing markets are hyperlocal, the RealTrends Verified City Rankings represent the newest evolution of RealTrends agent and team rankings. These rankings are designed to help top-performing agents and teams highlight their accomplishments within their specific local markets, enhancing their credibility where it matters most — close to home.
Sacramento Appraisal Blog
OCTOBER 16, 2024
Who is buying in today’s housing market? Some say it’s only the wealthy or institutional investors, and first-time buyer are missing in action. What do stats show when we look at forty local neighborhoods? Let’s find out. UPCOMING SPEAKING GIGS: 10/18/24 Prime Real Estate (private) 10/22/24 Culbertson and Gray Group (private (I think)) 10/23/24 SAFE […] The post Which neighborhoods are doing better than others?
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
OCTOBER 16, 2024
The “last call” for homes before the holiday shopping season ends is being boosted by reduced mortgage rates, which is attracting increased interest from both buyers and sellers. According to Zillow ‘s most recent market report, there was a surge in activity throughout September due to another break in mortgage rates. This trend may persist into October, depending on the trajectory of future rates.
Housing Wire
OCTOBER 16, 2024
Researchers at the U.S. Department of Housing and Urban Development (HUD) have published a new report identifying the locations of people seeking Federal Housing Administration (FHA) rental and homeownership assistance programs. They found that homeownership program beneficiaries generally live in more affluent, racially homogenous neighborhoods than those seeking rental assistance.
Appraisal Buzz
OCTOBER 16, 2024
The U.S. Department of Housing & Urban Development (HUD) has awarded $6.5 million in Choice Neighborhoods Planning Grants for 13 communities in 11 states to redevelop severely distressed public or HUD-assisted housing and improve outcomes for residents. This year includes the first-ever award to a Tribal Nation, the Muscogee (Creek) Nation. Each neighborhood will receive a $500,000 grant to create a comprehensive “Transformation Plan” to modernize existing HUD housing, improve workforce, hea
Housing Wire
OCTOBER 16, 2024
The nightmare created by Keller Williams’ decision to make changes to its profit-sharing program appears to be coming to a close. On Friday, Keller Williams and plaintiffs Eric Mendoza and Jack LeVine filed a document with a U.S. district court in Nevada. On Oct. 2, the parties stated that they “finalized the terms of the settlement agreement for this and the other pending claims against Defendant in cases involving plaintiffs represented by the Humphrey, Farrington & McClain firm.
Appraisal Buzz
OCTOBER 16, 2024
Rising Star Executive Award: Kathryn Walterman, Manager of Default Administration, Mountain America Federal Credit Union Kathryn Walterman Q: What are your proudest career achievements thus far? One of my proudest career achievements has been receiving the Rising Star Executive Award and being nominated alongside such inspiring leaders. This recognition fuels my commitment to uplifting other strong female leaders and driving meaningful changes in the industry.
Housing Wire
OCTOBER 16, 2024
In this session, experts will discuss mini-corr challenges and opportunities going into 2025, including whether the channel will continue to see market share growth and the latest on warehouse lender risks.
Appraisal Buzz
OCTOBER 16, 2024
Freddie Mac recently auctioned 57 deeply delinquent non-performing residential first lien loans (NPLs) with a balance of approximately $13.9 million from its mortgage-related investments portfolio. The loans were sold in two pools of 32 and 25 to Residential Credit Opportunities X, LLC. The sales are part of Freddie Mac’s Extended Timeline Pool Offerings (EXPO).
Housing Wire
OCTOBER 16, 2024
Speakers: Dan Snyder , CEO & Co-Founder at Lower Brett Ludden, Managing Partner at Sterling Point Advisors Dan Hanson, Executive Director, Enterprise Partnerships & Acquisitions at loanDepot James Kleimann , Managing Editor at HousingWire
Appraisal Buzz
OCTOBER 16, 2024
Kiavi , a private lender to residential real estate investors, has closed its second rated securitization of residential transition loans this year. This time, Kiavi closes a $400 million rated securitization of residential transition loans. It’s been a banner year for Kiavi thus far. Through the third quarter, the firm originated nearly 15,000 loans totaling $4.6 billion, a 44.5% increase over the same period last year.
Housing Wire
OCTOBER 16, 2024
Sam Valverde, the acting president of Ginnie Mae , has overseen the work the government-owned company is currently engaging in to better improve the liquidity situation for the companies involved in the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage (HECM) program. These include efforts to establish an additional HECM-backed Securities (HMBS) instrument to complement what is currently available.
Appraisal Buzz
OCTOBER 16, 2024
Mortgage application volume tanked 17.0% last week, as rates increased sharply, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances plummeted 26% compared with the previous week but were still up 111% compared with the same week one year ago. Applications for purchases decreased 7% compared with the previous week but were up 7% compared with the same week one year ago.
Housing Wire
OCTOBER 16, 2024
VestaPlus is gaining more traction with its artificial intelligence -powered compliance system. The company announced that Firelands Association of Realtors in Ohio and Northwest Wisconsin MLS have signed up for CheckMate, the firm’s listing compliance violation detection software. In July, Staten Island MLS and San Diego MLS entered similar partnerships with VestaPlus, and the company now serves five MLSs in total.
George Dell
OCTOBER 16, 2024
The new UAD and URAR come on together. In this second part, we prepare to look at possible unintended consequences. (Catch up and read part 1 here.) In later continuing parts, we will look at how the URAR/UAD format “dynamic” may affect users: appraisers, lenders, AMCs, and others. Finally, we might look at how the […] The post UAD URAR Threat, Opportunity, or Confusion?
Housing Wire
OCTOBER 16, 2024
Two artificial intelligence startups are teaming up to make searches through multiple listing services (MLSs) more accessible to the visually impaired. The combined technology of Restb.ai and Lundy will allow users to search listings through voice commands. Restb.ai leverages AI to produce computer vision for the real estate sector, while Lundy provides a voice-driven property search platform.
Real Estate News
OCTOBER 16, 2024
A range of competing factors are driving volatility in rates, making it harder to forecast their direction — but they're likely to decline further this year.
Housing Wire
OCTOBER 16, 2024
In this week’s episode of the RealTrending podcast , host Tracey Velt sits down for an informative conversation with Paul Carlson, the president of Five Star Real Estate. Carlson explores his early career journey, including insights into how he grew the brokerage. He also explores key lessons he learned as he inherited the president’s seat from his father, Greg Carlson, Five Star Real Estate’s founder.
Real Estate News
OCTOBER 16, 2024
A panel of industry veterans debated the policy and discussed various scenarios for residential real estate should the CCP be repealed.
Housing Wire
OCTOBER 16, 2024
Carol Dujanovich, senior vice president and director of reverse mortgages at University Bank , has been reappointed to a new three-year term as a member of the U.S. Department of Housing and Urban Development (HUD) Housing Counseling Federal Advisory Committee (HCFAC). The committee is designed to advise HUD “by helping shape the direction of its Housing Counseling Program and providing guidance on how to better serve prospective buyers, homeowners, and renters with their housing needs,” the dep
Appraisal Buzz
OCTOBER 16, 2024
The post Halloween Costume appeared first on Appraisal Buzz.
Housing Wire
OCTOBER 16, 2024
A new startup wants to help real estate agents get more out of their multiple listing service (MLS). Realoq has launched a MLS platform that features customized branding and direct access to consumers, and the company believes it will provide savings on lead generation. “This new solution is ideal for MLS organizations seeking a more affordable option,” Realoq CEO Anvesh Chakravartula said in a statement.
Eyes on Housing
OCTOBER 16, 2024
Over the first eight months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 685,923. On a year-over-year (YoY) basis, this is an increase of 11.5% over the August 2023 level of 615,453. Year-to-date ending in August, single-family permits were up in all four regions. The range of permit increases spanned.
Housing Wire
OCTOBER 16, 2024
Reggora CEO Brian Zitin said his company is looking to help mortgage lenders by removing the need to manually underwrite most appraisals. Appraisal management software company Reggora is adding a repurchase and loan-level price adjustment (LLPA) warranty to its appraisal review solution. The valuation tech company said it will cover any financial loss associated with a repurchase or LLPA adjustment due to an appraisal defect.
Inman
OCTOBER 16, 2024
Share the words of wisdom that have meant the most and had the biggest impact on you as you've built your real estate business.
Appraisal Hub
OCTOBER 16, 2024
Understanding the true value of your property can make all the difference when it’s time to sell, buy, or invest. A property appraisal gives you the insights needed to make informed and profitable decisions. Whether you’re an experienced homeowner, preparing for your first sale, or simply curious about your property’s worth, knowing how appraisals work is critical.
Inman
OCTOBER 16, 2024
Learn the essential steps that pave the way to success in this high-stakes market with insights from luxury consultant Chris Pollinger.
Eyes on Housing
OCTOBER 16, 2024
We’re excited to introduce a new way for you to stay informed about the latest trends in housing and construction economics: our Eye on Housing Highlights video series! For each edition, we will highlight top research topics including construction statistics, housing affordability, policy research, NAHB surveys, macroeconomics, financial indicators and more.
Inman
OCTOBER 16, 2024
The DOJ's recent statement, made in relation to a lawsuit against pork producers, notes that the sharing of information among competitors could violate antitrust law "even without proof of an agreement to fix prices.
BiggerPockets
OCTOBER 16, 2024
Anyone who’s had anything to do with real estate has played the “will they or won’t they” guessing game surrounding the Federal Reserve’s decisions about the federal funds rate.
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