Housing Wire

DECEMBER 16, 2021

The Federal Housing Finance Agency (FHFA) on Thursday issued a proposed rule that would require Fannie Mae and Freddie Mac to develop, maintain, and submit annual capital plans to the regulator. “The proposed rule will help ensure that the Enterprises have robust systems and processes in place to monitor and maintain proper levels of capital, ” said Acting Director Sandra Thompson, who was nominated to be the permanent agency director on Wednesday.

Business 545

Business Investors Finance Housing Market 545

Sacramento Appraisal Blog

DECEMBER 15, 2021

This year is almost over and I’ll be shutting things down until January. Okay, I actually have a ton of work to finish, but this will be my final post of the year. With that said, I have a few things on my mind. January public speaking gigs: January 12: Top Producer Panel in Granite […].

Housing Market 439

Housing Market Appraisal Marketing 439

Appraisal Buzz

DECEMBER 15, 2021

On December 15, 2021, Fannie Mae issued Announcement SEL-2021-11 which heralded a number of changes that were made to its Selling Guide. Several of the changes are aimed at underwriters and do not affect appraisers; however, there is one significant change for appraisers that will change the way they inspect properties in the not-so-distant future. As of April 1, 2022, Fannie Mae will require appraisers to measure subject property improvements using ANSI Standard Z765-2021.

Inspection 370

Inspection Appraisal 370

The Appraiser Coach

DECEMBER 14, 2021

Can you do a rental schedule on a property that you have not appraised? This was a question recently asked in my closed Facebook All-Stars group. Within this private group, Read More.

Appraisal 370

Appraisal Advertising Inspection Business 370

Housing Wire

DECEMBER 16, 2021

Today, the U.S. Census Bureau reported that housing starts came in as a beat at 1,679,000 for November. The more critical number of housing permits came in 1,712,000, a solid uptick from last month, and we saw slightly positive revisions to previous numbers. Housing starts data has been choppy lately, as we are all aware of the delays in building homes in America.

Training 523

Training Construction Investing Mortgage 523

Eyes on Housing

DECEMBER 14, 2021

Over the first ten months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 948,321. On a year-over-year (YoY) basis, this is a 17.3% increase over the October 2020 level of 808,301. Year-to-date ending in October, single-family permits increased in all four regions. Southern region reported the strongest increase of 19.1%, followed by Northeast (+18.5%), West.

Construction 218

Construction Marketing 218

George Dell

DECEMBER 15, 2021

Obsolete — Standards?! This is third in a series, as we look at this question from the viewpoints five forces of friction: process, standards, education, client expectation, and regulation. This issue is about valuation standards. We will end with part 7: the mystery solution. In the United States, the predominant standards are USPAP (Uniform Standards […].

Appraisal 195

Appraisal Valuation Clients 195

Housing Wire

DECEMBER 16, 2021

The average 30-year-fixed rate mortgage increased to 3.12% during the week ending Dec. 16, up from 3.10% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.67%. The 15-year-fixed-rate mortgage averaged 2.34% last week, declining from 2.38% the week prior. A year ago, at this time, it averaged 2.21%.

Mortgage 516

Mortgage Lending Technology Development 516

Eyes on Housing

DECEMBER 16, 2021

Single-family housing showed strength in November despite supply-chain limitations for materials and ongoing access issues for labor and lots. Overall housing starts increased 11.8% to a seasonally adjusted annual rate of 1.68 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The November reading of 1.68 million starts is.

Supply Chain 211

Supply Chain Development 211

Appraisal Buzz

DECEMBER 17, 2021

Clear Capital , a national real estate valuation technology company, has announced ClearPhoto, a set of AI-driven rules built into the company’s ClearCollateral Review solution. This new innovation automates the review of property photos, ensuring they are aligned with the appraisal data and sketch. The technology was developed by Clear Capital’s data science team to further streamline the appraisal process and equip lenders with technology that powers low-risk, high-quality decisions.

Appraisal Process 195

Appraisal Process Modernization Appraisal Valuation 195

Appraiserblogs

DECEMBER 17, 2021

On December 15, 2021, Fannie Mae announced that it will be adopting ANSI Measuring Standard in 2022. Appraisers will be required to use the Square Footage-Method for Calculating: ANSI® Z765-2021 (American National Standards Institute®) Measuring Standard for measuring, calculating, and reporting gross living area (GLA) and non-GLA areas of subject properties for appraisals requiring interior and exterior inspections with effective dates of April 1, 2022 or later for loans sold to Fannie Mae.

Inspection 130

Inspection Appraisal Real Estate Realtors 130

Housing Wire

DECEMBER 16, 2021

After dipping by 0.7% in October , housing starts were back up in November. They rose 11.8% month-over-month to a seasonally adjusted rate of 1.68 million units, according to a report released Thursday by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Construction of single-family homes increased 11.3% to 1.17 million units, while the construction of multifamily units increased 12.9% to 506,000 units. “Breaking an eight-year trend, in recent months there h

Construction 493

Construction Inventory Housing Market Development 493

Eyes on Housing

DECEMBER 15, 2021

Despite inflation concerns and ongoing production bottlenecks, builder confidence edged higher for the fourth consecutive month on strong consumer demand and limited existing inventory. Builder sentiment in the market for newly built single-family homes moved one point higher to 84 in December, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Inventory 187

Inventory Housing Market Marketing 187

Appraisal Buzz

DECEMBER 17, 2021

Housing starts in November were at a seasonally adjusted annual rate of 1.679 million, an increase of 11.8% compared with October and an increase of 8.3% compared with November 2020, according to the U.S. Census Bureau and U.S. Department of Housing and Urban Development. Starts of single?family homes were at an annual rate of 1.173 million, an increase of 11.3% compared with October.

Inventory 195

Inventory Development Appraisal 195

McKissock

DECEMBER 15, 2021

On December 15, 2021, Fannie Mae issued Announcement SEL-2021-11 which heralded a number of changes that were made to its Selling Guide. Several of the changes are aimed at underwriters and do not affect appraisers; however, there is one significant change for appraisers that will change the way they inspect properties in the not-so-distant future. As of April 1, 2022, Fannie Mae will require appraisers to measure subject property improvements using ANSI Standard Z765-2021.

Inspection 115

Inspection Appraisal 115

Housing Wire

DECEMBER 16, 2021

The last two years have been a wild ride. We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. Let’s not forget the substantial fiscal and monetary policy that provided extraordinary levels of support for households, businesses, and markets here and abroad.

Marketing 482

Marketing Mortgage Supply Chain Inventory 482

Eyes on Housing

DECEMBER 15, 2021

The prices of goods used in residential construction ex-energy climbed 1.8% in November (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The monthly increase was driven by price increases in nearly every product category. Building materials prices have increased 14.1% year-to-date, more than tripling the November YTD increase of.

Construction 174

Construction 174

Appraisal Buzz

DECEMBER 17, 2021

Stewart Information Services Corp. has acquired Devon Title Agency for an undisclosed sum. Devon is one of the largest title agencies in Michigan, with more than 30 years of providing superior title services to customers across the state. The transaction highlights Stewart’s continued emphasis on investing in key markets across the country. “The addition of Devon to the Stewart family of companies establishes us as one of the market leaders in Michigan,” says Steve.

Investing 195

Investing Appraisal Marketing 195

Valuation Review

DECEMBER 13, 2021

The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency announced the 2022 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase from $27,200 to $28,500. The threshold amount will be effective Jan. 1, 2022.

Appraisal 109

Appraisal Mortgage 109

Housing Wire

DECEMBER 17, 2021

Special purpose acquisition companies’ appetite for real estate and mortgage businesses apparently isn’t dead yet , despite recent problems involving Better.com that pushed a merger with Aurora Acquisitions Corp. to next year, if at all. Blank check company Southport Acquisition Corporation concluded on Tuesday a $230 million capital raising to pursue acquisitions mainly in mortgage and real estate verticals in the United States. .

Real Estate 468

Real Estate Mortgage Insurance Business 468

Eyes on Housing

DECEMBER 16, 2021

In the third quarter of 2021 apartments and other multifamily residential construction showed a continuation of the suburban shift that was characteristic of prior quarters, per the most recent data from NAHB’s Home Building Geography Index. For the current period, market share declined in high-density markets, namely large metro core and suburban counties.

Construction 167

Construction Supply Chain Marketing 167

Appraisal Buzz

DECEMBER 17, 2021

In a year where home prices have risen by nearly 20%, the market is set to remain on a steady path, avoiding the typical winter cooldown. The post Winter Housing Market Heats Up appeared first on theMReport.com. The post Winter Housing Market Heats Up appeared first on Appraisal Buzz.

Housing Market 195

Housing Market Marketing Appraisal 195

Urban

DECEMBER 15, 2021

By 2060, the AAPI population is expected to surpass 38 million. Before then, policymakers and researchers need to better understand the disparities among this diverse community if they want to eliminate barriers to accessing homeownership.

104

104

Housing Wire

DECEMBER 14, 2021

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. In a blog post, Fannie Mae and Freddie Mac ’s regulator and conservator said it found examples of “overt references to race, ethnicity, and other prohibited bases under federal fair lending laws,” which FHFA said indicate the “continued presence of valuation bias.”.

Appraisal 459

Appraisal Valuation Finance Training 459

Eyes on Housing

DECEMBER 15, 2021

At the conclusion of its December policy meeting, the Federal Reserve announced changes to its outlook and projections that move monetary policy further away from the accommodative stance that has supported the economic rebound from the 2020 recession. This pivot toward tighter policy is a direct result of ongoing, elevated inflation data. Today’s announcement makes several changes to both the.

158

158

Appraisal Buzz

DECEMBER 17, 2021

Guild Mortgage, a rapidly growing mortgage lending company originating and servicing residential loans operating since 1960, has named Russ Fowlie executive vice president of loan servicing. Fowlie has 25 years of mortgage banking and servicing experience, which includes leading operations and launching and implementing successful business transformation projects.

Mortgage 195

Mortgage Lending Business Appraisal 195

Hank Miller Team

DECEMBER 17, 2021

It’s with a MASSIVE dose of “we think” that we offer our latest opinions (12/16/21) for the first quarter of the 2022 North Atlanta real estate market. It's not a rosy outlook; expect home buyer frustration to increase in 2022. Rates are likely to increase as the Fed just responded to the record high inflation, planning at least three rate bumps for 2022.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

DECEMBER 17, 2021

There is no slowing down Stewart Title. The smallest of the “Big Four” title insurers announced Thursday that it had acquired Michigan-based Devon Title Agency , gaining scale in a hot housing market. “The addition of Devon to the Stewart family of companies establishes us as one of the market leaders in Michigan,” Stewart Group president Steve Lessack said in a statement.

Insurance 448

Insurance Real Estate Housing Market Investing 448

Eyes on Housing

DECEMBER 13, 2021

The latest results from the Federal Reserve’s Z.1 Financial Accounts of the United States, i.e., the “Flow of Funds”, show that the aggregate value of all home mortgages of households and nonprofit organizations in the United States in the third quarter of 2021 registered the largest post-Great Recession numerical quarterly increase. From $11.

Mortgage 158

Mortgage 158

Appraisal Buzz

DECEMBER 17, 2021

Russ Fowlie brings 25 years of experience to the table in building long-term relationships to create “customers for life.”. The post Guild Mortgage Appoints New Executive VP appeared first on DSNews. The post Guild Mortgage Appoints New Executive VP appeared first on Appraisal Buzz.

Mortgage 195

Mortgage Appraisal 195

McKissock

DECEMBER 15, 2021

Social media marketing for real estate has become a bonafide way to market your business and build your personal brand. Want to know why? Your biggest market at this moment (and likely for years to come) are Millennials. And Millennials love their social media. This isn’t about falling in line with some hot trend or fad either. It’s not a gimmick. Social media is one of your best options for reaching the people most likely to need your services.

Real Estate 93

Real Estate Marketing Real Estate Agent Agents 93

Housing Wire

DECEMBER 13, 2021

Consumers have flipped the script on lenders and real estate agents when it comes to the home-buying process. Ninety percent of consumers start their home search online and many get prequalified for financing before they even reach out to a real estate agent. In this changing landscape, it has become increasingly more difficult to get to the consumer.

Real Estate 448

Real Estate Real Estate Agent Agents Clients 448

BiggerPockets

DECEMBER 16, 2021

On November 15, the Federal Reserve announced that they could raise interest rates as many as three times in 2022, signaling a dramatic shift in policy. This is big news because at the start of the COVID-19 pandemic the Fed made two big moves to stimulate the economy. It lowered interest rates to near–zero and began a program of asset purchases—both of which worked as intended.

Housing Market 92

Housing Market Marketing Real Estate Investors 92

Appraisal Buzz

DECEMBER 17, 2021

UHM adds Producing Area Sales Manager to oversee the growth and expansion of the southern Alabama and the Florida panhandle markets. The post Tyler Tullis Appointed Sales Manager of Union Home Mortgage appeared first on theMReport.com. The post Tyler Tullis Appointed Sales Manager of Union Home Mortgage appeared first on Appraisal Buzz.

Mortgage 195

Mortgage Appraisal Marketing 195