Housing Wire

MAY 7, 2021

The booming real estate market has created a high demand for appraisal services. This is good news for lenders, but it puts a tremendous amount of pressure on appraisers who have to be diligent in their work, while also meeting closing dates. HousingWire recently spoke with PCV Murcor Founder, President and CEO Keith Murray and COO Cindy Nasser on how the appraisal process can be streamlined in today’s tight housing market. .

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Housing Market Appraisal Appraisal Process Marketing 545

Sacramento Appraisal Blog

MAY 5, 2021

“Buyers are crazy!!! How can they be paying these prices?” That’s what we tend to hear from people who are NOT trying to buy a house right now. It seems like onlookers really don’t understand what it takes to get an offer accepted these days. But for anyone actually in the game, the truth is […].

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Buyers Contracts Housing Market Appraisal 442

Miller Samuel

MAY 1, 2021

This is my fourth appearance with my friend Barry Ritholtz, a prolific columnist/blogger, radio show host/podcaster , and wealth management firm head on his Masters In Business show for Bloomberg Radio. He previously interviewed me in 2014 , 2016 and 2020. Barry also posted the interview on his essential Big Picture blog: MiB: Jonathan Miller, Appraiser Extraordinaire in addition to the Bloomberg Masters In Business landing page.

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Real Estate Business Valuation Appraisal 418

Appraisal Buzz

MAY 6, 2021

Refinance and purchase loan volume drove up loan originators’ and processors’ compensation despite a minimal decline in basis points paid per loan. The post Loan Originator Commissions Increase in Q1 appeared first on theMReport.com. The post Loan Originator Commissions Increase in Q1 appeared first on Appraisal Buzz.

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Appraisal 370

Housing Wire

MAY 5, 2021

The Federal Housing Finance Agency didn’t have a set date for its new refi option targeted to low-income borrowers when it announced the program last week. But on Wednesday, both Fannie Mae and Freddie Mac announced release dates for their versions of the refi product. Fannie Mae’s RefiNow option will be available June 5, while Freddie Mac’s Refi Possible will be available two months later in August.

Bracketing 514

Bracketing Finance Mortgage Appraisal 514

DW Slater Company

MAY 4, 2021

15 Years of Appraising. This month marks my 15th year of real estate appraising. I clearly remember how nervous I was to quit my teaching job and a steady paycheck to join my husband in his business. We would both be self-employed and with 7 kids that was going to be a challenge but I can say that I have never looked back. Now, don’t get me wrong, I miss my students and fellow teachers but working together with my husband has proven to be a wonderful thing.

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Appraisal Real Estate Business Valuation 196

Appraisal Buzz

MAY 6, 2021

With jobless claims dropping and a decline in Treasury yields, mortgage rates continue to remain below the 3% mark with the spring homebuying season in full swing. The post Mortgage Rates Continue Dip to Refi-Friendly Lows appeared first on theMReport.com. The post Mortgage Rates Continue Dip to Refi-Friendly Lows appeared first on Appraisal Buzz.

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Mortgage Appraisal 347

Housing Wire

MAY 3, 2021

I propose adding a new pastime to our gold standards of baseball, barbecues, and Thanksgiving dinner. This new pastime I call Fed-Watch or When Will the Fed Raise Rates? Since the financial crisis of 2008, this pastime has gained popularity to the point where this guessing game has become an obsession and started to drive some folks a little batty. Insanity and Gold Bugs go together like a horse and carriage, peanut butter and jelly and salt and pepper, or so I’ve been told. .

Mortgage 508

Mortgage 508

Eyes on Housing

MAY 7, 2021

Of the 16% of American adults considering a future home purchase in the first quarter of 2021, 63% have moved beyond planning and are actively trying to find one to buy, up from the comparable 49% share a year earlier. This increase marks the fifth consecutive year-over-year gain in the share of prospective buyers who have become active buyers. Several.

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Buyers 193

The Appraiser Coach

MAY 4, 2021

Despite what rumors you may have heard, Fannie Mae is not coming out with any new appraisal forms. Of course, I am playing with you a bit; they are coming. Read More.

Development 170

Development Appraisal Inspection Advertising 170

Appraisal Buzz

MAY 6, 2021

Fannie Mae and Freddie Mac (the GSEs) have provided details for their streamlined refinance programs that were originally announced by the Federal Housing Finance Agency (FHFA) last month. The programs, named “RefiNow” by Fannie Mae and “Refi Possible” by Freddie Mac, will be available starting June 5 for Fannie Mae’s borrowers but not until August 30 through Freddie Mac.

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Design Finance Appraisal 225

Housing Wire

MAY 7, 2021

April was supposed to be the month that proved America’s economy had definitively kicked back into full gear. After all, roughly one million jobs were added in March , roughly 40% of the population had achieved vaccination, and key sectors of the economy planned large-scale reopenings. Instead, the U.S. Labor Department reported that a mere 266,000 new jobs were created in April, far below projections.

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Housing Market Supply Chain Marketing Mortgage 493

Eyes on Housing

MAY 5, 2021

The latest results from the Federal Reserve Board’s Senior Loan Officer Opinion Survey (SLOOS) present standards on bank lending practices as they occurred in the first quarter of 2021. The three major categories of lending covered by the survey are Commercial and Industrial (C&I) loans, Commercial Real Estate (CRE) loans, and Residential Real Estate (RRE) loans.

Loan Officers 174

Loan Officers Lending Real Estate 174

GoForrmz

MAY 5, 2021

Accelerate lien waiver distribution and processing with GoFormz The lien waiver process is a common burden for construction teams. For subcontractors, lien waivers need to be completed, reviewed, and signed each and every month on a project. General contractors, meanwhile, are responsible for distributing, tracking, and processing lien waivers, to ensure their operation is protected from a lien and that the subcontractor can receive their payment.

Construction 158

Construction Government Business 158

Appraisal Buzz

MAY 7, 2021

What will it take to create more balanced market and a less-intimidating environment for homebuyers and sellers? Experts weigh in with a new report. The post Price, Competition, Speed of Sale Set Housing Market Records appeared first on DSNews. The post Price, Competition, Speed of Sale Set Housing Market Records appeared first on Appraisal Buzz.

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Housing Market Marketing Sellers Appraisal 221

Housing Wire

MAY 6, 2021

Fewer than 5 million households failed to make their rent or mortgage payments in March 2021, an improvement from December 2020 and the lowest number since the onset of the COVID-19 pandemic, according to a first quarter 2021 report released by the Mortgage Bankers Association. The study, which surveyed over 8,000 households and was dubbed “Housing – Related Financial Distress During the Pandemic,” found that 7.7% of renters (2.56 million households) missed, delayed, or made a

Landlords 493

Landlords Tenants Mortgage Marketing 493

Eyes on Housing

MAY 4, 2021

For some home buyers, housing affordability has improved. According to the Housing Trends Report for the first quarter of 2021, 35% of buyers report being able to afford half or more of the homes available for-sale in their markets. A year earlier, that share was 23%. The increase is an indication that still relatively low mortgage rates continue to have.

Buyers 174

Buyers Mortgage Marketing 174

GoForrmz

MAY 4, 2021

“ There are time savings not only on the frontend, when we’re importing data, but also on the backend when we don’t have to correct mistakes that we otherwise might have made through manual entry. ” — Greg Marshall, CFO, Omega Construction. About Omega Construction Since 1975, Omega Construction has provided pre-construction and construction services to a variety of industries, including hospitality, retail, industrial and distribution, historic preservation, and commercial.

Construction 148

Construction Retail 148

Appraisal Buzz

MAY 7, 2021

Meeting the needs of today’s mortgage customers with accuracy and speed is more important than ever. Here’s how the industry is working to shorten turnaround times while maintaining a commitment to quality. The post Racing the Clock appeared first on theMReport.com. The post Racing the Clock appeared first on Appraisal Buzz.

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Appraisal Mortgage 221

Housing Wire

MAY 7, 2021

You’re all moved into your new home – now what? Unfortunately, there’s still work to be done until you can sit back and relax. And no, we’re not talking about scrolling through Pinterest for decor inspiration. As a new homeowner , there are a few important things you should do now that you’ve moved in to ensure your home is safe and secure.

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HOA Decorating Inspection Mortgage 488

Eyes on Housing

MAY 7, 2021

Job gains unexpectedly slowed in April as states lifted COVID-19 restrictions on businesses and more people are vaccinated. Total payroll employment rose by only 266,000 and the unemployment rate increased to 6.1% in April. This was a surprisingly disappointing report on the macro level. Residential construction employment rose by 3,100 in April, after an increase of 28,700 in March.

Construction 158

Construction Business 158

BiggerPockets

MAY 3, 2021

It’s been a rough couple of months for anyone looking for deals—particularly on the MLS. People just haven’t been selling their houses. It makes sense that inventory is low. With […].

Housing Market 100

Housing Market Inventory Marketing Real Estate 100

Appraisal Buzz

MAY 7, 2021

Millennial homebuyers shook off a slight rise in rates in March as this segment of the market continues to lead the homeownership charge. The post Rising Rates No Obstacle to Millennials appeared first on theMReport.com. The post Rising Rates No Obstacle to Millennials appeared first on Appraisal Buzz.

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Appraisal Marketing 195

Housing Wire

MAY 3, 2021

The total number of servicers’ loans in forbearance fell for the ninth straight week. However, due to a slowdown in exits, forbearance portfolio volume dipped just two basis points last week to an average of 4.47%, according to the Mortgage Bankers Association. Several investor types were down by just a single digit basis points, with Fannie Mae and Freddie Mac loans falling two points to 2.42%, while Ginnie Mae loans slid seven basis points to 6.02%.

Investors 487

Investors Housing Market Mortgage Marketing 487

Eyes on Housing

MAY 6, 2021

Housing affordability weakened slightly during the first quarter of 2021 as rising material costs and supply shortages, along with expected increases in mortgage rates stemming from a growing economy, are likely to exacerbate affordability challenges in the year ahead. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), 63.1 percent of new and existing homes.

Mortgage 158

Mortgage 158

McKissock

MAY 4, 2021

It’s no secret that 2020 was a crazy year for real estate. Just about every market across the United States saw a huge influx of first-time homebuyers and sellers as a result of record-low mortgage rates and the desire for more space. Last month (April), we asked our CE Plus members , “Over the past 12 months, approximately what percentage of your clientele have been first-time real estate buyers or sellers?

Sellers 95

Sellers Marketing Buyers Real Estate 95

Appraisal Buzz

MAY 7, 2021

New deal expands Ocwen’s servicing and subservicing portfolios, through the acquisition of Fannie Mae and Freddie Mac MSRs. The post Ocwen Closes MSR Joint Venture appeared first on DSNews. The post Ocwen Closes MSR Joint Venture appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Housing Wire

MAY 6, 2021

For the third consecutive week, mortgage rates managed to remain under 3%, dropping three basis points last week to an average of 2.96%, according to Freddie Mac ‘s PMMS. Despite consistent forecasts of a market with rising rates, the 30-year fixed rate mirrored more closely numbers borrowers saw back in February. Sam Khater, Freddie Mac’s chief economist, pointed to a golden opportunity for homebuyers given the recent economic ressurgence.

Mortgage 482

Mortgage Construction Inventory Marketing 482

Eyes on Housing

MAY 3, 2021

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.7% in March to a seasonally adjusted annual rate of $725.3 billion. Total private residential construction spending was 23.3% higher than a year ago. The monthly gains are largely attributed to the strong growth of spending on single-family and improvements.

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Construction 158

McKissock

MAY 7, 2021

Residential construction and new home sales have been making quite a few headlines lately. Keep reading to catch up on the latest stories and market data related to new home construction and sales. Plus, join us for a high-energy Pro-Series webinar on Wednesday, May 26, 2021, “Power to Prevail in 2021 and Beyond—New Residential Construction Outlook.” New home construction in the news.

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Construction Real Estate Design Appraisal 94

Appraisal Buzz

MAY 7, 2021

Nominated for the role of HUD Deputy Secretary, NAHRO CEO Adrianne Todman will appear on Capitol Hill this week, another step toward confirmation of her new position. The post The Week Ahead: HUD Deputy Secretary Nominee to Speak Before Senate appeared first on theMReport.com. The post The Week Ahead: HUD Deputy Secretary Nominee to Speak Before Senate appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Housing Wire

MAY 4, 2021

In April, the Consumer Financial Protection Bureau warned the industry of its plans to keep a much closer eye on servicers as they transition borrowers out of forbearance. On Tuesday, a report from the government watchdog may have just kicked up the incentive. According to the report, in March 2021, consumers submitted more mortgage complaints to the CFPB than in any month since April 2018.

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Mortgage Government Investors Development 476

BiggerPockets

MAY 5, 2021

If you want to be a successful landlord, your reputation is your greatest asset. Landlords with an excellent reputation attract better tenants and have fewer vacancies. Don't leave your online reputation to chance.

Landlords 93

Landlords Tenants Real Estate 93

McKissock

MAY 4, 2021

All real estate appraisers must pass the National Uniform Licensing and Certification Examination as the final step toward earning their appraisal license. The test is not easy to pass. On average, more than 1 in 3 people fail the exam on the first try, according to The Appraisal Foundation exam statistics for 2015-2020. The good news is that there are tools available to help you succeed.

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Appraisal Real Estate Design Tools 83