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Eyes on the Horizon

Eyes on the Horizon
dsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dsnews.com Daily Mail and Mail on Sunday newspapers.

Dallas , Texas , United-states , Washington , American , America , Lee-smith , Bob-broeksmit , Greg-austin , Bryan-bolton , Sandra-madigan , Sam-khater

The Week Ahead: Zeroing in on the Roots of Appraisal Bias

The Week Ahead: Zeroing in on the Roots of Appraisal Bias
themreport.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themreport.com Daily Mail and Mail on Sunday newspapers.

Washington , United-states , California , Sandra-thompson , Fannie-mae , Zixta-martinez , Freddie-mac , Rohit-chopra , Financial-institutions-examination-council-appraisal-subcommittee , Housing-finance-agency , Appraisal-foundation-appraiser-qualifications-board , Appraisal-foundation

Sagent's 5 principles for the future of servicing

Sagent's 5 principles for the future of servicing
nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.

Marianne-sullivan , Fannie-mae , Collateral-underwriter , Time-innovation , Real-time-compliance ,

Credit Verification, MSR Acquisition, Non-QM, Tax, Outsourcing Products; STRATMOR and CX; Timeline for Credit Score Changes

Today is 092023 and I head to Savannah, GA for the SECUREN (credit union) conference. Did you know that the last day of 2023 is 123123? In other “fun with numbers,” as a stockholder in a lender, how’d you like $5 million because your company couldn’t keep its costs down? The median sale price per square foot in Savannah is $197, up 13 percent since last year, if you believe Redfin. Want to build wealth? The median sale price per square foot for new single-family homes in the U.S. has increased a whopping 368 percent since 1980. Additionally, the median square footage for homes in the U.S. has increased 52 percent since 1980, while the median sale price has increased 609 percent. Compared to 2008, the peak financial crisis, home buyers today face an 85% higher median sale price per square foot of homes. California is the most expensive state when looking at price per square foot. Highest and lowest cities? San Jose at $845 per square foot, Cleveland at $133 per square foot. (After 5:30 AM PT today’s podcast can be found here and this week’s is sponsored by the Trade-In Mortgage powered by Calque. Homeowners can buy before they sell, make non-contingent offers, and tap their home equity to fund the down payment on their next home. Lenders can help their clients negotiate a lower purchase price, reduce their interest payments, and eliminate PMI. Hear an interview with first time homebuyer Ben Cottingham on how he made his choice of lender and how his originator best helped him throughout the process.)

California , United-states , Philadelphia , Pennsylvania , Ryan-ogata , Mary-ann-geller , Josh-weinberg , Ben-cottingham , Rob-jeske , Mike-seminari , Freddie-mac , Fernando-ospina

AVMs should "reduce costs and broaden access to homeownership" - MBA

MBA encourages Fed agencies to prioritize reducing appraisal bias during the rulemaking process

Freddie-mac , Fannie-mae , Consumer-bankers-association , Mortgage-bankers-association , Housing-finance-agency , Federal-housing-finance-agency , Collateral-underwriter , Loan-collateral-advisor , Alternative-valuation-methods , Eal-estate-valuation , Ppraisal-bias ,

Guaranteed Rate Rolls Out 'Same Day Mortgage' Nationwide | Inman

Like Better's "One Day Mortgage," some fine print can stand in the way of getting a loan approved in 24 hours.

Freddie-mac , Victor-ciardelli , Las-vegas , Fannie-mae , Inman-connect-las-vegas , Day-mortgage , Guaranteed-rate , Same-day-mortgage , Collateral-underwriter ,

Sagent Appoints Fintech Innovator As COO

Sagent Appoints Fintech Innovator As COO
nationalmortgageprofessional.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgageprofessional.com Daily Mail and Mail on Sunday newspapers.

United-states , America , Warburg-pincus , Marianne-sullivan , Dan-sogorka , Mastercard , Fannie-mae , Sagent-lending-technologies , Collateral-underwriter ,

Webinars, Training, Subservicing, Processing Tools; Freddie and Fannie Changes

I mentioned yesterday that 4 out of 3 people have trouble with math, but it doesn’t take a genius to do subtraction. 6 - .2 = 5.8, right? Wouldn’t you like to earn 5.8 percent on your money? The Federal Reserve reports that U.S. households are holding $17.9 trillion in cash and cash equivalents. If your credit union or bank is paying you (and other depositors) .2 percent on your bank account, but owns a portfolio of new Freddie or Fannie loans where borrowers are paying 6 percent, well, that is a darned nice spread. I know that I am simplifying that somewhat, but what bank wouldn’t want that? Along those lines, underwriters are keenly aware that the average monthly payment on a new car loan hit a record high of $686 in June. Household balance sheets are still in good shape after bolstering savings during the height of the pandemic, but we can expect those to ebb with inflation. (Today’s podcast is available here and is sponsored by SimpleNexus, an nCino company and award-winning developer of mobile-first technology for the modern mortgage lender.) Lender and Broker Products, Software, and Services Closing the racial homeownership gap is a priority for Fannie Mae and Freddie Mac, and the enterprises’ 3-year housing equity plans emphasize down payment assistance (DPA) as a key means of doing so. Award-winning DPA database provider Down Payment Resource (DPR) understands that to effectively confront racial homeownership disparities, we must first address generational wealth disparities that make it harder for qualified minority consumers to afford a down payment. Using DPR’s lender tools to connect borrowers with home financing support, mortgage professionals can grow their book of business while opening doors for historically underserved markets. DPA awareness is growing, so there’s never been a better time to jump on the DPA bandwagon! Check out some of the ways DPA plays into the enterprises’ housing equity plans.

United-states , Missouri , Vietnam , Republic-of , China , Indiana , Michigan , Spain , Springfield , Ukraine , America , Vietnamese

TPO loan, Customer Service, CRA, QC, Lead-Gen Tools; Widespread Agency Changes; Why No Decent ARM Pricing?

Running feels great unless you compare it to not running. While here in Northern California for a board meeting, I received, “I read your capital markets section every day because I can understand it, but can you please knock off using ‘basis points’? They are confusing.” I admit they take a while to understand, but easy to compare &amp; convert the two. 1 percent is 100 basis points. 50 basis points is ½ of one percent. 75 basis points is ¾ of one percent. I mention this because “seventy-five basis points is the new 50 basis points.” Everyone was expecting ½ percent increases in Fed Funds, but no more. A relentlessly hawkish Federal Reserve is ramping up market expectations for big interest rate hikes that would have been considered unthinkable (and market crippling) just two months ago. Nomura says that the FOMC will hike the fed funds rate by 75-basis points in June and July after a 50-basis point rise in May. That would bring the rate up to 2.25 percent, a phenomenal amount of tightening given that the Fed was still easing by buying assets as recently as March. With mortgage rates at the highest in 10 years, lenders are more likely to see requests for pricing exceptions. STRATMOR Group is conducting a short survey to better understand how lenders are handling pricing exceptions in the face of new regulations and the current market. The results of the survey will be shared with participant lenders. (Today’s podcast is available here and this week’s is sponsored by Richey May, a recognized leader in providing specialized advisory, audit, tax, technology, and other services in the mortgage industry and in banking.)

New-york , United-states , Granite-bay , California , Texas , Philadelphia , Pennsylvania , Lakeview , China , Sacramento , Russia , Bayview

Fannie Mae rolling out its third CRT offering of 2022

Fannie Mae is about to unveil its third credit-risk transfer deal of 2022, with a $1.24 billion note offering backed by a reference loan pool of 150,000 single-family mortgages valued at $44.4 billion. More than 62,000 of the mortgages received appraisal waivers.

New-york , United-states , Florida , California , Texas , Fannie-mae , Kroll-bond-rating-agency , Wells-fargo , Rocket-mortgage , United-wholesale-mortgage , Desktop-underwriter