Housing Wire
FEBRUARY 8, 2021
Following two months of steady declines, Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, rose in January. The HSPI rose 3.7 points last month to 77.7. Though it’s undoubtedly a positive sign, the HPSI has yet to recover to pre-pandemic levels and is still down 15.3 points year over year.
Miller Samuel
FEBRUARY 9, 2021
I met Rich Barton, Zillow CEO , at an Inman/Curbed party held during an Inman conference in Manhattan a long time ago, the evening before Zillow’s launch. I asked Rich, a very nice and fascinating person, what he did for a living, not realizing he was the co-founder of Expedia. Ugh. He also said they were launching their latest effort the following morning – a web site called “Zillow,” and he added “as in rhymes with pillow” to the description.
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Realtor
FEBRUARY 11, 2021
marchmeena29/Getty Images It’s a big question with no easy answer: Should you keep renting, or is it time to think about buying a home? One of the major benefits of being a homeowner is building equity with each mortgage payment, instead of putting money into your landlord’s pocket. But that doesn’t mean buying is always the best choice—as a renter, you enjoy more flexibility and avoid many of the costs that come with homeownership.
Yolo Solano Appraisal Blog
FEBRUARY 8, 2021
Economist Timothy Taylor posted a discussion about hourly wages recently that had a section that sounded very familiar. Here’s the quote that caught my eye: “You will sometimes hear statistics people talk about a ‘composition effect,’ which just means that if you are comparing a group over time, you need to beware of the possibility […].
Speaker: Timothy Allsopp
Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.
Housing Wire
FEBRUARY 12, 2021
Fannie Mae, the largest mortgage financier in the U.S., said Friday that its net income in the fourth quarter of 2020 checked in at $4.6 billion – up 8% from the third quarter. The government-sponsored entity’s total net income for the full year was $11.8 billion, and executives on Friday’s earnings call spoke enthusiastically about an eventual exit from forbearance.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
BiggerPockets
FEBRUARY 9, 2021
When visualizing the estimated value of global real estate, it becomes clear how much value resides in land, buildings, and infrastructure.
Realtor
FEBRUARY 11, 2021
marchmeena29/Getty Images It’s a big question with no easy answer: Should you keep renting, or is it time to think about buying a home? One of the major benefits of being a homeowner is building equity with each mortgage payment, instead of putting money into your landlord’s pocket. But that doesn’t mean buying is always the best choice—as a renter, you enjoy more flexibility and avoid many of the costs that come with homeownership.
Housing Wire
FEBRUARY 8, 2021
In 2021, a lingering symptom of the economic sickness we suffered in 2020 is forbearance. Not the forbearance plans themselves, which allowed mortgage holders to delay their payments for many months, but the fact that 2.72 million homes remain in forbearance and can therefore be considered at risk. Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing?
McKissock
FEBRUARY 8, 2021
A real estate blog is one of the best ways to market your real estate business. Your blog not only helps build your brand and credibility as a real estate pro, but it also helps you attract new prospects. And the ideas for content creation are endless. To get you started, here are some of our favorite sources for generating real estate blog ideas. 1.
Advertiser: Trellis
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
BiggerPockets
FEBRUARY 9, 2021
Fannie Mae provided more support than ever before to multifamily housing in 2020, reaching $76 billion in financing. .
On Q Financial
FEBRUARY 8, 2021
If you caught The Kelly Clarkson Show on February 8th, you heard a bit about the O’Brien family and their story. We are honored to have been a part of the family’s recovery! The Kelly Clarkson Show & On Q Financial. When we heard about the O’Briens’ story, we knew we had to be a part of their recovery. That’s why we’re glad to have partnered with the Kelly Clarkson Show to assist this family with their rebuild!
Housing Wire
FEBRUARY 8, 2021
Weeks before United Wholesale Mortgage (UWM) went public in a SPAC deal that valued the lender at $16.1 billion, its president and CEO Mat Ishbia said observers shouldn’t expect a different United Wholesale Mortgage or a different Mat. He proved it in his first earnings call. On Thursday morning, Ishbia, in his characteristic fast-talking bravado, bragged about the wholesaler’s position as the biggest purchase lender in the market, cautioned that they’ve prioritized the long ga
McKissock
FEBRUARY 7, 2021
Property management can be a rewarding investment, but all too often property owners don’t realize how complex this investment can be. Property management often involves detailed agreements and a diverse clientele, which means that there is a lot of room for error. Chances are, you don’t want to learn the hard way how property management mistakes can quickly make a dent in your budget.
BiggerPockets
FEBRUARY 12, 2021
Should you pursue your real estate license? Here are eight reasons investors should consider taking the test.
Cornerstone
FEBRUARY 9, 2021
Reading Time: 2 minutes. Mortgage rates have dropped over a full percentage point within the past year, hitting new lows 16 times. This is a strong driver toward homeownership: Today’s lower rates give consumers even more benefits. Let’s take a look at the top three: Downsize or move up. Low rates open up opportunities to sell and move into a new house, whether it’s bigger and better or smaller and located in a more desirable place.
Housing Wire
FEBRUARY 9, 2021
Mortgage credit is still the tightest it has been in more than six years, but steady loosening in January revealed lenders are preparing for a rebounding economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index rose 2% to 124.6 last month, still hovering near levels previously seen in 2014, though it is the third month in the past four that credit availability has picked up as supply eases out.
PennyMac
FEBRUARY 12, 2021
Like many American homeowners, your first mortgage may have been a loan with the Federal Housing Administration (FHA). Loans backed by the FHA are attractive to first-time homebuyers because FHA loans are easier to obtain financing for and require only minimal down payments and fair-to-good credit scores. On the other hand, FHA loans require certain provisions which can sometimes be a burden on a homeowner’s budget, often in the form of premiums paid for mortgage insurance.
BiggerPockets
FEBRUARY 6, 2021
Audits involving real estate can be a nightmare for the unprepared. Use these tips to make sure you're audit-ready as a real estate investor.
McKissock
FEBRUARY 9, 2021
At McKissock Learning, we want our customers to have all the resources they need to be successful in real estate. That’s why we’ve teamed up with RISMedia , the leading provider of the most relevant and up-to-date information related to the residential real estate market. As their Strategic Education Partner, we are able to give our customers free access to the digital edition of the RISMedia monthly magazine.
Housing Wire
FEBRUARY 9, 2021
Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to three months, the Federal Housing Finance Agency announced Tuesday. FHFA forbearance plans initially had a 12 month expiration date, however, the government entity is now allowing borrowers up to 15 months of coverage. According to the agency, eligibility for the extension is limited to borrowers who are on a COVID-19 forbearance plan as of Feb. 28, 2021.
REX Real Estate
FEBRUARY 11, 2021
Every week, it seems like Netflix releases new binge-worthy shows, and we are here…
BiggerPockets
FEBRUARY 8, 2021
Gamestop recently demonstrated how easily the stock market can be manipulated. Don't want to risk your investments? Try real estate instead.
DataMaster
FEBRUARY 11, 2021
Intro. All appraisers have had to pick up new skills over their years of appraising. For some appraisers, implementing new technology and appraisal software is no issue because, let’s admit it, some people just “get it” when it comes to tech gadgets and software programs. But for others, implementing a new tech gadget into their process or learning to use new appraisal software is no easy feat.
Housing Wire
FEBRUARY 10, 2021
Freddie Mac announced Wednesday the creation of new leadership roles in order to address equity in housing in single- and multifamily housing businesses. Pamela Perry. Freddie Mac appointed Pamela Perry as vice president of single-family equitable housing, and Amanda Nunnink as vice president of equity in multifamily housing. Perry will lead a newly formed team responsible for creating solutions to help minority families across the income spectrum achieve homeownership.
REX Real Estate
FEBRUARY 8, 2021
How many hours do you spend in your kitchen every day?
BiggerPockets
FEBRUARY 10, 2021
For homeowners and investors, the mortgage interest tax deduction can be a big help. Learn about the rules, limits, and how to claim it.
Real Quantum
FEBRUARY 9, 2021
WEBINAR |Using AI with CRE Data to Detect Key Factors for an Accurate Appraisal. February 18, 2021 | 11:00 AM CST. DURATION: 1 HOUR. FORMAT: LIVE & INTERACTIVE. WATCH REPLAY. Find out how real estate asset managers, CMBS firms and real estate focused venture capital firms are using artificial intelligence with commercial real estate data. Learn how they gather more information, more efficiently and gain new insights.
Housing Wire
FEBRUARY 9, 2021
The National Association of Real Estate Brokers has announced the creation of its “Black Real Estate Agent” program to provide financial, educational, and career support for aspiring Black real estate agents. HomeLight is partnering with NAREB in this venture with the goal of ultimately improving the rate of homeownership for Black Americans across the country, according to Antoine Thompson, NAREB national executive director.
Housing Wire
FEBRUARY 8, 2021
The U.S forbearance rate is falling, though not as quickly as it once was. Data released on Monday by the Mortgage Bankers Association showed that the share of servicers’ portfolio volume in forbearance fell 3 basis points to 5.35% last week. For the third month in a row, the MBA estimated 2.7 million homeowners are in some form of forbearance, and for almost four months now, forbearance portfolio volume has hovered between 5% and 6% — the longest a percentage range has held since the surv
Housing Wire
FEBRUARY 9, 2021
Real estate is an attractive field for experienced and aspiring entrepreneurs alike. Many of them are determined to make an impact in industries that have yet to be significantly modernized by technology. The urge to innovate in real estate is only natural — any homebuyer or seller who is a creative problem-solver will notice glaring inefficiencies in the process.
Housing Wire
FEBRUARY 11, 2021
For the third week in a row, the average mortgage rate for a 30-year fixed loan remained unchanged at 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. Even though rates remained at their record low levels, mortgage applications dipped, with some economists pointing to the overheated home prices and lack of supply for applications seesawing.
Housing Wire
FEBRUARY 11, 2021
It wasn’t long ago that scribes were writing the obituary of the mortgage underwriter. And yet, during the COVID-19 pandemic, the underwriter has become the most sought-after professional in the mortgage industry. Some underwriters were commanding five-figure bonuses on top of six-figure salaries. The problem is, there just aren’t enough of them.
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