Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How Freddie Mac is addressing affordable housing challenges

Freddie Mac is focused on addressing limited access to credit, housing inequalities, creation and preservation of affordable housing supply and advancement of homeownership education.

How to increase minority homeownership?

Today’s HousingWire Daily features a roundtable discussion from HousingWire’s Lunch & Learn series that looks at “Unpacking the lender’s vital role in increasing minority homeownership.”

Why is public construction spending tanking?

Private spending growth offsets decline for a mediocre December

Construction rose tepidly in December, with private home building offsetting a decline in public construction.

Despite the modest growth, construction spending is now reaching its greatest level of activity since March 2009.

Total spending climbed a mere 0.1% after a 0.8% growth in November. Strength was in private residential outlays which jumped 2.6% in December, following a 1.1% rise the month before.

By subcomponents, new single-family outlays gained 3.4% in December, while new multifamily rose 0.5%. Ex-new homes increased 2.0% in December. Private nonresidential construction spending dipped 0.7%.

Total construction activity for December 2013 was $930.5 billion, 0.1 percent above the revised November 2013  total of $929.9 billion.

Public outlays fell 2.3% after a 1.4% decline in November, reaching its lowest level in 12 months.

Total construction outlays were up 5.3% on a year-ago basis in December.

Homebuilders are more optimistic than recent sales numbers. This could be a response to lack of supply and concern that mortgage rates are likely to rise later this year as the Federal Reserve cuts back on purchases of mortgage-backed securities.

Market Consensus before announcement Construction spending jumped 1.0% in November, following a 0.9% gain the month before.

The November increase was led by the nonresidential and residential components. Private nonresident outlays grew 2.7%, following an increase of 0.5% in October. Public outlays declined 1.8% but followed a sizable 3.1% boost in October.

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FHFA to make desktop appraisals permanent

Desktop appraisals, a temporary flexibility implemented in March 2020 amid lockdowns and social distancing, will become permanent, the FHFA said today.

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Rocket Pro TPO redesigns pricing calculator for brokers

Rocket Pro TPO aims to help its broker partners grow their businesses. The new Pricing Calculator provides brokers with fast, reliable and accessible information that can help differentiate them from competitors. In the midst of this serious housing shortage, brokers need tools to help them provide top-notch service to homebuyers. 

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3d rendering of a row of luxury townhouses along a street

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