As the foreclosure crisis from earlier this decade wanes, the profile of purchasers of foreclosed properties has shifted away from larger investment operations to “mom and pop” investors, said Auction.com, Irvine, Calif.
Category: News and Trends
What $1 Million Gets in Today’s Housing Market
Location, location, location: take a $75,000 bungalow in Garfield Heights, Ohio and plop it down on a 1/3-acre lot in McLean, Va., and it suddenly becomes an $800,000 object of a bidding war.
Creating a New Normal for Loan Quality
Lowering loan manufacturing costs, improving overall mortgage processing efficiencies and achieving optimal risk management begins with improving the quality of the underlying mortgage loan file data. Fortunately, automation is bringing much-needed improvements that efficiently bring data inconsistencies to the surface so that accuracy can be achieved and decisioning can be improved.
MBA Chart of the Week: Commercial/Multifamily Capitalization Rates
Commercial real estate values are dictated by property incomes and capitalization rates, or the yields investors are looking to receive on their investments.
People in the News
ATTOM Data Solutions, Irvine, Calif., named Ohan Antebian to lead its Consumer Businesses.
Redfin: Bidding Wars Edge Up in September, Bucking Seasonal Trend
Redfin, Seattle, said just 11 percent of offers written by its agents on behalf of their home buying customers faced a bidding war in September, down from 41 percent a year earlier, but up slightly from the eight-year low of 10 percent in August.
Residential Briefs
Ginnie Mae, Washington, D.C., said issuance of its mortgage-backed securities totaled $53.517 billion in September, providing financing for more than 207,000 homeowners and renters.
Jon Forrester of Valuation Partners on Appraisal Industry Innovations
Jon Forrester is Vice President of Valuation Services with Valuation Partners, Sugarland, Texas, responsible for development and deployment of the company’s valuation tools, including hybrid appraisals, as well as creating new efficiencies in the appraisal process.
How the Digital Mortgage Democratizes Loan Accessibility
Even a super-fast mortgage origination process isn’t worth the near-$10,000 price tag borrowers are currently facing. That’s just too much to pay for the “privilege” of getting a loan.
MBA Chart of the Week: Commercial/Multifamily Capitalization Rates
Commercial real estate values are dictated by property incomes and capitalization rates, or the yields investors are looking to receive on their investments.