Buzz Feed

4 Potential Benefits of Hybrid and Bifurcated Appraisals

A major selling point for completing hybrid or bifurcated appraisals is that the appraiser will save a good deal of time by not inspecting the property, not taking photos of comparable sales, and not sitting in traffic. However, the notion that an appraiser could complete a hybrid/bifurcated appraisal in less than an hour is simply too good to be true. …

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Housing Starts Jumped 5.8 Percent in December

Housing starts jumped 5.8% in December compared with November and were up 5.2% compared with December 2019, according to estimates from the U.S. Census Bureau and U.S. Department of Housing and Urban Development.  Starts of new homes in December were at a seasonally adjusted annual rate of 1.669 million, up from an annual rate of 1.578 million in November. A …

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Mortgage Applications Decrease on Slightly Higher Rates

Mortgage application volume decreased 1.9% on an adjusted basis during the week ended January 15, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances decreased 5% compared with the previous week while applications for purchases increased 3%. Year over year, applications for refinances were up 87% while applications for purchases were up 9%. Mortgage rates increased …

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Radian: ‘There Was Nothing Typical About 2020’

According to Radian Home Price Index (HPI) data released today by Red Bell Real Estate LLC, a Radian Group Inc. company, home prices nationally rose from the end of November 2020 to the end of December 2020 at an annualized rate of 8.5 percent. For the full year, the Radian HPI rose 8.0 percent year-over-year (December 2019 to December 2020). …

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What Does ‘Innovation’ Mean to the Mortgage Industry?

BLOG VIEW: Innovation is a powerful word. In the mortgage industry, if vendors don’t espouse it, they often can’t get past the initial RFP. Aside from being a checkmark on a form used by buyers to evaluate vendors, what does “innovation” really mean? Is innovation related to turning an idea into a solution? Is it about applying ideas that are …

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SimpleNexus Taps Richard Jackman as VP of Marketing

Richard Jackman has joined SimpleNexus, which offers a digital mortgage platform for loan officers, borrowers, real estate agents and settlement agents, as vice president of marketing.  Jackman has more than two-decades of marketing leadership experience. He has directed marketing campaigns yielding thousands of sales leads and millions of dollars in revenue, SimpleNexis says in a release. Previously, Jackman served as …

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FHFA Extending Fannie/Freddie Foreclosure Moratoriums

The Federal Housing Finance Agency (FHFA) says Fannie Mae and Freddie Mac will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until February 28, 2021. The foreclosure moratorium applies to GSE-backed, single-family mortgages only. The REO eviction moratorium applies to properties that have been acquired by Fannie or Freddie through foreclosure or deed-in-lieu of foreclosure transactions. …

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Loansifter Product, Pricing and Eligibility Engine Gets An Update

Black Knight Inc. has rolled out a new version of its Loansifter product, pricing and eligibility engine (Loansifter PPE) that includes a modernized user interface and new functionalities that help eliminate manual processes and automate associated broker workflows within the pricing engine. Designed specifically for mortgage brokers, Loansifter PPE supports best execution searches across over 120 wholesale investors, allowing brokers …

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