This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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. .
“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 […].
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.
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.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
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.
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.
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.
Market value for home loans in the United States is precisely defined. The understanding of “market value” is the single most important concept defining what appraisers do. Buyer/seller are prudent, knowledgeable, well informed or advised, and ‘typically’ motivated; there is no ‘undue’ stimulus; and the sale is in cash terms, with normal exposure, and “unaffected […].
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.
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. .
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.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
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.
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.
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.
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.
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
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.
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.
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
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.
“ 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.
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.
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.
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.
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 […].
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.
A recent study by the National Association of Home Builders found that regulations imposed by all levels of government on new homes account for $93,870, or 23.8%, of the current average sales price ($397,300). Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regul
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.
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?
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.
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%.
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.
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.
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.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
545 
Let's personalize your content