Housing Wire

JUNE 30, 2022

Less than a week after laying off hundreds of workers and refusing new mortgage applications, First Guaranty Mortgage Corp. (FGMC) and its affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection late Wednesday. . “While we have made considerable efforts to address our ongoing financial challenges related to the state of the mortgage market, we ultimately must do what is best for our borrowers and consumers,” Aaron Samples, chief executive officer of FGMC, said in a

Lending 545

Lending Finance Mortgage Investors 545

Sacramento Appraisal Blog

JUNE 28, 2022

Price reductions are growing fast and sellers are still behind the ball. Eventually they’ll catch up, but they haven’t gotten there yet. Let’s talk about price drops today in the Sacramento region. Is the trend similar in your area? Let me know what you’re seeing. TRUTHS ABOUT PRICE REDUCTIONS 1) Nearly 40% of active listings […].

Sellers 454

Sellers Marketing Buyers 454

Appraisal Buzz

JUNE 29, 2022

Nearing the 60 day mark as the country’s newest Federal Housing Administration (FHA) Commissioner, Julia Gordon is continuing on her mission of getting people into affordable housing, but facing extraordinary challenges is making this task difficult, requiring her to seek alternatives to achieve this goal. “We want to provide alternatives to plain, vanilla single-family housing,” … The post Commissioner Working Towards Affordable Housing Amid Extraordinary Conditions appeared first on DSN

Appraisal 368

Appraisal 368

George Dell

JUNE 29, 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) Lower fees will discourage newcomer appraisers. Each cycle, the ‘appraiser shortage’ cycles with […]. The post Part 2: How Do We Fix the Excess of Appraisers?

Appraisal 195

Appraisal 195

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

Construction

Housing Wire

JUNE 27, 2022

The national mortgage delinquency dropped to an all-time low in May, continuing two consecutive months of a decline since March. The overall delinquency rate slightly dropped five basis points from April to 2.75% in May, according to Black Knight. The delinquency rate is 42% lower than the same period a year ago. A total of 1.46 million properties were in early-stage delinquencies, defined as borrowers who missed a single mortgage payment, which is a slight increase of 0.2% from April due to typ

Mortgage 531

Mortgage Renovations Buyers 531

Appraisal Buzz

JUNE 29, 2022

Today’s Buzzcast interview is with Woody Fincham, Founder of Fincham and Associates. We sat down with Woody and Joan Trice, Founder of Allterra Group, LLC, to discuss what’s going on with the boots on the ground appraisers in the industry. How is all of this new technology impacting appraisers in their day-to-day? What has been the impact of ANSI? Can we have more information on the White Paper on green homes?

Appraisal 335

Appraisal Technology 335

Eyes on Housing

JUNE 28, 2022

Consumer confidence dropped again in June as inflation stayed at decades high and continued to temper consumers’ economic outlook, which tumbled to the lowest level in nearly a decade. Though spending intentions for homes, cars, and major appliances held relatively steady, consumer spending will continue to face headwinds from further inflation and rate hikes.

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Housing Wire

JUNE 28, 2022

The S&P CoreLogic Case-Shiller Home Price Index just recorded 20.4% year-over-year growth nationally and a record 21.2% growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating , not crashing like people have warned about from 2012-2021. From S&P : The S&P CoreLogic Case-Shiller U.S.

Housing Market 480

Housing Market Marketing Inventory Investors 480

Appraiserblogs

JULY 1, 2022

The Doomed Quest to Reform a corrupt West Virginia Licensing Board “Board members earn money working for a law firm that files lawsuits against appraisers,” said one West Virginia appraiser… Readers of DC Comics will be familiar with Bizarro World, a cube-shaped planet that is home to a weirdly inverted version of reality. The planet is governed by the Bizarro Code, whose ungrammatical main tenet is, “Us do opposite of all Earthly things!

Appraisal 147

Appraisal Law Real Estate Government 147

Advertiser: Trellis

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.

Real Estate

Appraisal Buzz

JULY 1, 2022

Returning to Dallas this September, the annual conference will once again unite mortgage servicers, government representatives, agents, vendors, attorneys, and other stakeholders for three days of education, networking, and entertainment. The post 2022 Five Star Conference Agenda Announced appeared first on DSNews. The post 2022 Five Star Conference Agenda Announced appeared first on Appraisal Buzz.

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Government Agents Appraisal Mortgage 282

Eyes on Housing

JUNE 27, 2022

Recently, the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NMHC) undertook a joint research effort to find out how much government regulation adds to the cost of building new multifamily housing via a survey distributed to multifamily developers. The research finds that an average of 40.6 percent of total development costs can now be attributed.

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Development Government 180

Housing Wire

JUNE 29, 2022

The real estate market is cooling down. Reports released this week by several respected market observers point to less good and increased bad and ugly ahead for the housing market. For some of the good, a U.S. Census Bureau report released late last week spurred a bout of optimism when it revealed that new-home sales jumped by nearly 11% month-over-month in May on a seasonally adjusted basis, after declining by 12% in April.

Housing Market 442

Housing Market Marketing Mortgage Investors 442

GoForrmz

JUNE 27, 2022

GoFormz dominates the Small-Business and Mid-Market G2 Summer Reports – from Best Support to Most Likely to Recommend G2, the leading peer-to-peer software review site, awards quarterly honors based on user feedback and reviews. This Summer, GoFormz has been awarded top honors in the following G2 categories: Mobile Forms Automation, Online Form Builder, and No-Code Development Platform.

Marketing 148

Marketing Modernization Business Development 148

Appraisal Buzz

JUNE 30, 2022

ATTOM has released its Q2 2022 U.S. Home Affordability Report, showing that median-priced single-family homes and condos are less affordable in Q2 of 2022 compared to historical averages in 97 percent of counties across the nation with enough data to analyze. That was up from 69% of counties that were historically less affordable in Q2 … The post Price Gains Outpace Wage Growth in Nearly 90% of Markets appeared first on DSNews.

Marketing 221

Marketing Appraisal 221

Eyes on Housing

JUNE 29, 2022

The top 10 builders captured 34.2% of new single-family home closings in 2021, the highest percentage on record based on data released by BUILDER Magazine. This share represents 264,426 closings out of the 774,000 new single-family home sales reported by the U.S. Census in 2021. Nevertheless, these closings only represent 23.5% of single-family starts, a broader measure of home building.

Marketing 178

Marketing 178

Housing Wire

JUNE 29, 2022

Millennials and Gen Zs make up the largest cohort of potential homebuyers today, the majority of which are first-time buyers bullish to get a foot on the property ladder. As market volume dips and pent-up demand builds, 61% of millennials and Gen Zs who intend to buy a home plan to apply for a mortgage this year. For years, the dominant market narrative defining these generations has been digital-first experiences and poor financial habits.

Loan Officers 435

Loan Officers Mortgage Modernization Business 435

Appraiserblogs

JUNE 28, 2022

Don’t say that the subject property is ‘within’ a particular City or Town due to the postal ZIP Code that applies to the street address unless that is accurate. The actual location may be miles away from there. Appraisers, this article was prompted by my ‘coming in contact with’ several appraisal reports where different regional appraisers report the physical location of the subject property “in” a particular City associated with the postal ZIP Code for that City.

Legal 123

Legal Appraisal 123

Appraisal Buzz

JULY 1, 2022

An upcoming installment in the Five Star Institute Webinar Series will discuss the current era in mortgage servicing and provide tips on how to navigate this record-breaking time in the servicing space. The post Are Mortgage Servicers in Their “Golden Age?” appeared first on DSNews. The post Are Mortgage Servicers in Their “Golden Age?” appeared first on Appraisal Buzz.

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Mortgage Appraisal 195

Eyes on Housing

JULY 1, 2022

NAHB analysis of the Census Construction Spending data shows that private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $938.2 billion in May. It was 0.2% up over the upwardly revised April estimates of $935.9 billion. On a year-over-year basis, total private construction spending was 19% higher. These monthly gains are largely attributed to the growth.

Construction 160

Construction 160

Housing Wire

JUNE 27, 2022

The last two years have been good to Christian Dicker. Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. It didn’t matter where he was — getting dinner with his family at a fancy restaurant or out on the lake on a boat, Dicker always had his phone on his hands to make sure he didn’t miss any of his clients’ emails or calls.

Housing Market 435

Housing Market Marketing Brokerage Real Estate 435

GoForrmz

JUNE 30, 2022

Discover how to approach, recognize, and prioritize employee safety in the most high-risk industry. Blue-collar workers are exposed to the most high-risk environments – especially the manufacturing industry. Those in this industry face real potential dangers every day as they earn their livings. In fact, the CDC estimates that 13,455,000 workers in manufacturing industries are at risk for fatal and nonfatal injuries every year.

Inspection 78

Inspection Training Tools Business 78

Appraisal Buzz

JULY 1, 2022

New data from the first quarter continues to roll in as the Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the first quarter of 2022 by a decent margin. The OCC Mortgage Metrics Report for the First Quarter 2022 showed that … The post Q1 Mortgage Performance Makes Strides appeared first on DSNews.

Mortgage 195

Mortgage Appraisal 195

Eyes on Housing

JUNE 30, 2022

Real gross domestic product (GDP) decreased in 46 states and the District of Columbia in the first quarter of 2022. New Hampshire, Vermont, Massachusetts, and Michigan saw modest GDP growth. According to the U.S. Bureau of Economic Analysis (BEA), the percent change in real GDP ranged from 1.2 percent increase in New Hampshire to 9.7 percent decline in Wyoming.

Marketing 153

Marketing 153

Housing Wire

JUNE 29, 2022

Freddie Mac announced Wednesday that on-time rental payments will be included in its underwriting system. The government-sponsored enterprise said that it hopes to incentivize “responsible” renters to make a leap into homeownership. According to Freddie, this option will be available starting July 10 and will allow mortgage lenders to submit a borrower’s bank account data that shows a 12-month streak of on-time rent payments to its automated underwriting system.

Landlords 435

Landlords Government Mortgage 435

Empire Appraisal Group

JUNE 29, 2022

Shame Brews for Homes That Linger on Market. Homes are selling within days or even hours—except for the homes that aren’t. Those homes’ owners say they often feel embarrassed and angry and wonder what could be wrong with their house, according to an article at realtor.com®. The seller’s market means that many homes end up in bidding wars, and fierce competition is the talk of the town.

Marketing 78

Marketing Real Estate Agent Sellers Real Estate 78

Appraisal Buzz

JULY 1, 2022

Affordability issues are officially taking a toll on the market as the average asking price of a newly listed home is off 1.5% from its peak in spring in light of the rapid rate increase by the Federal Reserve in June. This is amid new data from Redfin that showed a record amount of existing sellers … The post Sellers Drop Prices Amid Rising Affordability Issues appeared first on DSNews.

Sellers 195

Sellers Appraisal Marketing 195

GoForrmz

JUNE 27, 2022

How much do your paper forms cost you? If paper forms are a part of your workflow, have you thought about how much they’re costing your business? There are some obvious expenses that may have crossed your mind; like the cost of paper and storage space for all your forms. But what about the time and effort of your employees? If you haven’t considered the switch to digital forms , or you’re apprehensive about the ROI, it’s time to think about how much you currently spend on paper forms.

Project Management 78

Project Management Business Clients 78

Housing Wire

JULY 1, 2022

The Fed eral Housing Finance Agency (FHFA) will review the enterprise regulatory capital framework in the “near term,” officials said — after getting an earful from industry players since unveiling a new securities fee. For now, however, the new 50 basis point fee charged on securities backed by one enterprise and later secured by the other, is here to stay.

Investors 399

Investors Finance Mortgage Marketing 399

Mashvisor

JULY 1, 2022

While the home buying market gets most of the attention and coverage from the media and economists, the single-family residential (SFR) rental property market is a booming $4.

Marketing 75

Marketing Investors Finance Mortgage 75

Appraisal Buzz

JULY 1, 2022

CoreLogic has announced the launch of Discovery Platform, a cloud-based data exchange and property analytics ecosystem. Powered by the industry’s first integrated property identifier, CoreLogic’s CLIP ID, and built on more than 50 years of data spanning 99.9% of U.S. properties, Discovery Platform provides a comprehensive property analytics solution.

Business 195

Business Appraisal 195

BiggerPockets

JUNE 28, 2022

Real estate can be one of the most profitable investments, but it’s also one of the most costly and complicated. Not only is a lot of money involved, but real […].

Real Estate 70

Real Estate Investors Investing 70

Housing Wire

JULY 1, 2022

Banks reported an increase in foreclosures during the first quarter of 2022, according to a quarterly survey published by the Office of the Comptroller of Currency this week. The survey , which examined servicing metrics provided by seven undisclosed national banks, found that 19,542 new foreclosures were initiated in the first quarter of 2022. The OCC said this marks a jump from the previous quarter, but added the foreclosure volume in the first quarter is comparable to pre-COVID-19 pandemic fo

Mortgage 397

Mortgage Renovations Buyers 397