Valuations

These Freddie Mac mortgages won't need an appraiser

Won’t require appraisals as early as this spring
Freddie Mac takes a (small) controversial step towards using data instead of appraisers in the mortgage process. While these efforts could shorten the time to close and even save the buyers money, as might be expected, appraisers are pushing back against this decision.
Read More

Here's the housing story (or lack thereof) of the 2016 election

How housing didn't matter in this campaign
Well America, we made it. We survived the most ridiculous, insane, over-the-top, depressing, and ultimately underwhelming campaign in modern political history and we made it. It’s #ElectionDay. So considering that we focus on housing here at HousingWire (hence the name), we felt it important to look at how housing mattered (actually it didn’t) in this election cycle.
Read More

Home price increases speed up in third quarter, hit new peak

West still holds most expensive markets
Home prices continue their upward trend, but even sped up in the third quarter due to a lack of housing inventory available. One market hovered near its previous quarter’s median home price of $1 million. And yet, despite all this, economists still explain that the market is more affordable.
Read More

Case-Shiller: Rising house prices just below record highs

Catching up with 2006
Home prices are continuing to rise; now mere basis points below the all-time highs for prices, set in 2006. According to the latest data released Tuesday by S&P Dow Jones Indices and CoreLogic, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, reported a 5.3% annual gain in August, just off the July 2006 peak.
Read More

CoreLogic bet on property valuations pays off big time

3Q earnings are in and they are pretty
Third quarter reported revenues totaled $524 million compared with $386 million in the same 2015 period. That year-over-year increase of 36% is driven primarily by its valuation solutions business, which started booming back in the second quarter.
Read More

Freddie Mac announces new tools designed to cut mortgage origination costs

Enhancements to Loan Advisor Suite could help lenders' bottom line
Not to be outdone by Fannie Mae’s announcement that it plans to offer lenders “Day 1” representation and warranty relief, Freddie Mac announced Monday that it is planning a series of enhancements to its Loan Advisor Suite designed to cut mortgage origination costs for lenders.
Read More

Monday Morning Cup of Coffee: Everything you need to know at MBA Annual

HousingWire covers all the bases
Monday Morning Cup of Coffee this week gives a preview of our industry's biggest conference: the Mortgage Banker's Association annual gathering starting now in Boston. We'll still report regular news as we get it and give you everything you need to stay up-to-date for the next few days. 
Read More