Housing Wire
JUNE 8, 2022
We are at the point of the economic cycle where I really just get two questions: Are we going into recession and are home prices about to fall? I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. .
Sacramento Appraisal Blog
JUNE 6, 2022
Sellers haven’t had to negotiate much with buyers over the past two years, but that’s starting to change. Let’s talk about this today by looking at seller concessions (credits for repairs, help with closing costs, etc…). I hope you enjoy, whether you’re local or not. THE HONEYMOON IS OVER: It’s like the market was on […].
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Appraisal Buzz
JUNE 6, 2022
The use of Microsoft Excel is widespread in the appraisal industry. In a recent survey, Excel was among the top four software tools on which appraisers said they’d like additional training. Are you looking for new and better ways to leverage Excel tools in your appraisal business? Here are six Microsoft Excel training resources for real estate appraisers—exclusively available to McKissock Unlimited Learning Members.
George Dell
JUNE 8, 2022
How can we fix the excess of appraisers? Easy — we do what we have always done, each time. 1) We will raise the standards (“cost of entry”). 2) We will make it harder to become an appraiser; 3) Let the lower fees discourage newcomer appraisers. In past issues of the Analogue […]. The post Part 0: How Do We Fix the Excess of Appraisers?
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Housing Wire
JUNE 10, 2022
The Federal Reserve ’s (Fed) efforts to beat back inflation with its monetary tools have already shifted the winds in the secondary market for mortgage-backed securities (MBS). The Fed’s continuing effort to wind down its $2.7 trillion MBS portfolio helps fuel widening interest-rate spreads in the MBS market by creating additional MBS supply to be absorbed by investors.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
JUNE 6, 2022
This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. Now is your last time to sign up to receive the Appraisal Buzz Magazine for free from the Appraisal Buzz Premium Membership ! It’s easier than you think to miss the basics. As appraisers, when we think of improving our skills and appraisal services, we often think about upping our game on market analysis, improving our report layouts, or venturing into a new property type.
Cleveland Appraisal Blog
JUNE 7, 2022
Hidy Ho friend! I hope you’re enjoying a little bit of the great outdoors! This week I will be traveling to Columbus for the annual Ohio Coalition of Appraisal Professionals summer seminar. I’m looking forward to a little networking and catching up with my appraisal friends. In the meantime, I hope you enjoy another article from return guest blogger June Duncan.
Housing Wire
JUNE 9, 2022
A recently published CoreLogic report found homeowners with mortgages in the first quarter of 2022 saw their equity grow by 32.2% year-over-year. According to the data vendor, the collective equity gain was $3.8 trillion in the first quarter, or an average gain of $63,600 per borrower. CoreLogic said homeowners with mortgages account for roughly 60% of properties in the nation.
Eyes on Housing
JUNE 9, 2022
The median age of owner-occupied homes is 39 years, according to the latest data from the 2019 American Community Survey. Compared to a median age of 31 years in 2005, the U.S. owner-occupied housing stock is aging gradually. The residential construction continues to fall behind in the number of new homes built especially after the Great Recession. This aging housing.
Speaker: Dylan Secrest
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.
Appraisal Buzz
JUNE 9, 2022
Optimizing your real estate appraisal website to improve your Google search ranking is a great way to bring in more clients and increase your earnings. When it comes to generating new business, having a strong online presence and being easy to find online are key. In the recorded webinar, “Appraisal Company Marketing Strategies that Work”—exclusively available to McKissock Unlimited Learning Members —Bryan Knowlton lays out a guide to basic website optimization for appraisers.
The Appraiser Coach
JUNE 7, 2022
You are working hard as an appraiser, gaining customers, and creating value. You love what you do and are excited to see the business you have diligently and meticulously worked. Read More.
Housing Wire
JUNE 6, 2022
Frank Nothaft, chief economist at CoreLogic and before that, the top economist at Freddie Mac , has died. He was 66. At CoreLogic, Nothaft headed the office of the economist, providing analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets. Prior to joining CoreLogic in 2015, Nothaft had a nearly 30-year career at Freddie Mac, where he was most recently the chief economist. “When I arrived at Freddie Mac in 2012 he was a long-established major nam
Eyes on Housing
JUNE 10, 2022
Consumer prices accelerated again in May as shelter, energy and food prices continued to surge at the fastest pace in decades. This marked the third straight month for inflation above an 8% rate and was the largest year-over-year gain since December 1981. Both energy and shelter index recorded their largest annual gains since September 2005 and February 1991.
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DW Slater Company
JUNE 6, 2022
via GIPHY. On June 13, 1980, I was just a young soon-to-be 6th grader living near the Houston, TX area. I did not hear about Candy Montgomery. Thankfully, I was unaware of how Candy came over to Beth Gore’s house on Friday the 13th and murdered her with 41 blows from an ax. I did not know how she did this in between Vacation Bible School and went about her day as if nothing had happened.
Appraisal Buzz
JUNE 10, 2022
Homebot has integrated with Total Expert , a CRM and customer engagement platform for financial institutions. The integration automates client list management, allowing mortgage lenders to streamline the delivery of Homebot digests and develop customer relationships right away. “With the mortgage market rapidly changing, the consumer experience is more important than ever,” says Charlie Pratt, CEO of Homebot. “Allowing homeowners and homebuyers to engage with personalized educa
Housing Wire
JUNE 10, 2022
Nonbank mortgage lender and servicer Ocwen Financial Corp. and its subsidiary PHH Mortgage agreed to pay more than $665,000 to settle multiple lawsuits filed last year by three cities in New York state regarding the maintenance of zombie properties. In 2016, New York passed a law establishing that lenders and servicers must inspect, secure and maintain zombie properties — which are defined as vacant and abandoned homes whose owners are behind on their mortgage payments. .
Eyes on Housing
JUNE 8, 2022
Per the Mortgage Bankers Association (MBA), through the week ending June 3, total mortgage activity decreased, with the 30-year fixed-rate mortgage (FRM) rate increasing to 5.45%, on average. The latest week’s rate increased to 5.4%, after 3 consecutive weeks of declines, each by a few basis points. The Market Composite Index, a measure of mortgage loan application volume, decreased by.
Appraiserblogs
JUNE 6, 2022
These Property Data Reports have a higher level or different reporting requirements than ordinary traditional appraisals. Appraisers, on Tuesday 5/24/22, an AMC sent a message to their appraiser panel appraisers asking them if they’d like to ‘help their lender clients’ by doing Property Data Reports (PDR). Let’s decipher what this is all about. Freddie Mac has decided, that as of Sunday, July 17, 2022, they must have a PDR (Property Data Report) completed “by someone” in order for the loan appli
Appraisal Buzz
JUNE 6, 2022
EarnUp , a fintech company offering intelligent payment and data solutions for the mortgage industry, has expanded its executive team. Michelle Scanlon is on board as chief people officer, Aileen Casanave as general counsel, Brad Woodcox as vice president of strategy and operations, and Johnathan Flowers as head of marketing. “Michelle, Aileen, Brad and Johnathan bring with them decades of experience and their expertise will bolster our executive team as we drive the company’s next.
Housing Wire
JUNE 7, 2022
Blink and you’ll miss your dream home. So few single-family homes are for sale in America that just two months of inventory is available across the top 100 metro areas in the country, a historic low. That’s according to Black Knight , which just released a white paper that studies how long it would take to sell all the homes currently listed for sale in a given market based on a prevailing sales rate, if no new listings are added (a metric it calls “months of remaining inventor
Eyes on Housing
JUNE 7, 2022
Recent developments in the first quarter of 2022 per NAHB’s Home Building Geography Index (HBGI), indicate single-family home building slowing in suburbs, with most other regional geographies following suit. Following the aftermath of COVID-19, home buyer preferences for the suburbs have eased. Supply-chain challenges and unfavorable economic conditions have reduced the pace of single-family residential construction across all regional submarkets.
Empire Appraisal Group
JUNE 9, 2022
Fannie Mae: Housing Crisis Will Last a Decade. ‘ Recession or not, the U.S. doesn’t have enough entry-level homes for everyone who needs one, and it will take at least 10 years for supply to catch up with demand. WASHINGTON – Fannie Mae has issued a new analysis of the residential single-family home market, where it stated that: “the demand for entry-level single-family homes should remain high for the rest of the decade.”.
Appraisal Buzz
JUNE 10, 2022
Attorney Adam Diaz of Diaz Anselmo & Associates examines a recent case where the Eleventh Circuit Court of Appeals reversed a fair debt collections case involving a national mortgage servicer. The post Court Reverses Dismissal of Borrower’s Collections Claims Against Servicer appeared first on DSNews. The post Court Reverses Dismissal of Borrower’s Collections Claims Against Servicer appeared first on Appraisal Buzz.
Housing Wire
JUNE 6, 2022
The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. While four prominent trade groups voiced support, they also proposed some tweaks. The Mortgage Bankers Association, Housing Policy Council, National Association of REALTORS and the American Bankers Association agreed a 40-year loan modification should be a permanent fixture in the administration’s loss mitigation handbook, suggesti
GoForrmz
JUNE 7, 2022
Improve your operation’s quality management with the GoFormz and Procore integration Quality management is a critical function often plagued with obstacles like missing information, inaccurate data, miscommunication, and more. Leveraging GoFormz and Procore, owners can maintain complete oversight of their projects and provide residents with the quality they expect.
McKissock
JUNE 5, 2022
COVID-19 has shaken the norms of homeownership and market expectations across the United States throughout the pandemic. As many industries transitioned to remote work , more homebuyers find themselves free to move anywhere they’d like while keeping their jobs, which is especially convenient for those seeking homes in more affordable real estate markets.
Appraisal Buzz
JUNE 10, 2022
Motto Mortgage, a national mortgage brokerage franchise in the U.S., and wemlo, a third-party mortgage processing solution with an all-in-one digital platform, announced it has appointed industry veteran, Chris Erickson, as VP of Product & Strategy for both brands. Erickson brings nearly two decades of experience in the financial services industry, previously serving as VP … The post Motto Mortgage; wemlo, Hire New Product & Strategy Talent appeared first on DSNews.
Housing Wire
JUNE 6, 2022
It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. And it’s likely to continue – executives are calling this one of the most challenging periods in memory. By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020.
GoForrmz
JUNE 7, 2022
Digital workflow efficiency should be a priority for any organization Processes structure how businesses accomplish their goals and priorities. Without clear processes in place, departments experience frequent errors, become less efficient, and experience costly delays. Some processes can even get too complex. But introducing clear workflows and seamless automations makes all the difference!
Mashvisor
JUNE 10, 2022
Nowadays, most people look for passive income sources that may add to their regular income, increasing it little by little.
Appraisal Buzz
JUNE 10, 2022
CoreLogic has released the CoreLogic Home Price Index (HPI ) and HPI Forecast for April 2022. Nationwide, home prices posted another record-high year-over-year increase in April, marking the 123rd straight month of gains. Rising mortgage rates drove buyer urgency and the resulting price growth, with about 70% of U.S. homes selling for more than asking price … The post Home Prices Up Nearly 21% Nationwide appeared first on DSNews.
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