The Wrap: Appraisal volume ticks down after two weeks up

The Wrap: Appraisal volume ticks down after two weeks up

New tips, tools and tricks of the trade

Dear Parents, don’t expect your homebuying Millennials to pay you back

loanDepot graph shows they can barely save for retirement

Trending Thursday: Banks make more on mortgages while government steals GSE profits?

Yale legal scholars on #FannieGate
W S

The Ticker

MBA pushing for safe harbor for TRID

Industry wants a formal grace period
The mortgage industry is pushing for the Consumer Financial Protection Bureau to adopt a formalized grace period for TRID, and now Mortgage Bankers Association is pushing Congress to take action as it returns to the Hill. Read on.
Read More

eMortgage Logic becomes Morningstar-rated asset valuation vendor

Receives ‘MOR RV1’ vendor ranking
eMortgage Logic, a provider of residential real property valuations, data and analytics, received a residential vendor ranking from Morningstar Credit Ratings. According to a release from Morningstar, the ratings agency assigned a ‘MOR RV1’ residential vendor ranking to eMortgage Logic as a residential vendor in the asset valuation market.
Read More

ARMCO announces TRID mortgage data comparison tool

Will enable lenders to compare TRID forms to loan origination system data
ACES Risk Management, a web-based financial services quality control software provider, announced the release of TRIDCompare, a data comparison tool specifically designed for the new TILA-RESPA Integrated Disclosure forms.
Read More

Beige Book: Real estate activity up in all 12 districts

Rental demand stronger, new construction barriers remain
Reports from the twelve Federal Reserve Districts indicate economic activity continued expanding across most regions and sectors during the reporting period from July to mid-August, and residential real estate was solid. Read on.
Read More

International buyers pump $8.32B into Texas housing

Naturalized U.S. citizens want Texas houses
Texas home sales purchased by international homebuyers added $8.32 billion to the state’s economy between April 2014 and March 2015. What’s noteworthy is that the demographic pull of buyers is starting to veer away from the usual trends.
Read More

For sale: Babe Ruth’s NYC apartment

The Great Bambino’s home hits market for $1.6M
Interested in owning a little piece of New York Yankees’ history? Well, you’re in luck because you can buy the New York apartment built and once owned by Babe Ruth. The price tag for the “home that Ruth Built” on the Upper West Side? $1.595 million.
Read More

TitleOne acquires Sun Valley Title Company

TitleOne’s footprint expands to 15 locations in 14 Idaho counties
TitleOne, an Idaho-based provider of title insurance and settlement services, announced the acquisition of Sun Valley Title Company. With the expansion, TitleOne now has 15 total offices and more than 200 employees in 14 Idaho counties.
Read More