Housing Wire

MARCH 4, 2021

The average mortgage rate for a 30-year fixed loan rose 5 basis points last week to 3.02%, marking the first time since July that the industry has seen rates break above 3%, according to Freddie Mac ’s Primary Mortgage Market Survey. Since reaching a low point in January, mortgage rates have risen by more than 30 basis points as the economy works to recover, and according to Sam Khater, Freddie Mac’s chief economist, the impact on purchase demand has been noticeable.

Mortgage 545

Mortgage Housing Market Government Lending 545

The Appraiser Coach

MARCH 2, 2021

As a real estate appraisal provider, it can be hard to get into the home owner’s perspective. It seems that what is important to them may not directly translate into. Read More.

Real Estate 370

Real Estate Appraisal Inspection Advertising 370

George Dell

MARCH 3, 2021

How about “loan conditions”? Clients only need a value in order to quantify risk. Is this scary? Editor’s Note: This post is an intersection of Modernization and Risk. There are only three uses for knowing value: 1) collateral loss, 2) investment gain, 3) equitability. Historical value may only be relevant to #3. Loss or gain […]. The post How About Loan Conditions?

Loan Conditions 273

Loan Conditions Modernization Clients Investing 273

Cleveland Appraisal Blog

MARCH 4, 2021

Like most aspects of an appraisal, things seem easy. That is, until one takes a closer look. Age is a good example. It seems logical to think that a newer home is more valuable than an older home. However, that’s not always the case. Last week, a real estate agent asked me about how appraisers adjust for age. So, I thought this would be a good topic to discuss.

Appraisal 222

Appraisal Real Estate Real Estate Agent Loan Conditions 222

Housing Wire

MARCH 3, 2021

Mortgage applications recovered slightly from last week , increasing 0.5% for the week ending Feb. 26, 2021 according to the latest report from the Mortgage Bankers Association. A giant dip in applications was reported following the devastating winter storms in Texas the week of Feb. 8, but a week of normalized weather brought numbers back up, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting.

Mortgage 545

Mortgage Contracts Government Housing Market 545

Yolo Solano Appraisal Blog

MARCH 3, 2021

I enjoy many aspects of my career as a residential real estate appraiser. I’m self employed so I have no one to blame but myself; I set my own hours; I get to see a lot of places in the region; I spend much of my time trying to find meaning in data then communicating […].

Appraisal 167

Appraisal Real Estate 167

The Robert Weiler Company

MARCH 4, 2021

Could we all be living in an episode of The Jetsons someday? Mixed-use development in 2021 may not resemble Orbit City, but commercial builders, architects, and real estate investors are undoubtedly re-engineering the proximity of your personal and professional orbit. Flying cars would be awesome; however, we hope there isn’t a need for tall structures to rise above the smog!

Development 148

Development Retail Transportation Real Estate 148

Housing Wire

MARCH 4, 2021

United Wholesale Mortgage , the top wholesale lender in the nation, announced on a Facebook live Thursday that it will no longer partner with brokers who also work with Rocket Mortgage and Fairway Independent Mortgage Corp. Mat Ishbia, president and CEO of UWM, gave brokers and owners a deadline of March 15 to sign an addendum saying they are not working with those two lenders.

Real Estate Agent 521

Real Estate Agent Loan Officers Mortgage Lending 521

DW Slater Company

MARCH 3, 2021

Pilot Point, TX in the Texas Winter Storm. We have been publishing this monthly newsletter since 2016. We apologize as we did not get last month’s newsletter out as we were hit with unexpected challenges related to the Texas Winter Storm that impacted our entire state as well as other parts of the US. Fireplace cooking. We, like many, others were without power while temperatures plunged as low as minus 6 degrees in our area.

Real Estate 120

Real Estate Clients Marketing Inventory 120

Appraiserblogs

MARCH 1, 2021

Will the same states that do this for appraisers also mandate similar Fair Housing and Fair Lending courses for lenders, loan officers, mortgage bankers… Are you aware that US States are beginning to ‘require’ appraisers take required courses in how to treat people fairly, by requiring such a class for every license renewal period??

Law 117

Law Appraisal Loan Officers Real Estate 117

Glascock Company

MARCH 3, 2021

If you already own commercial real estate, you know that property taxes are one of the more burdensome bills to pay. It’s likely the largest expense for commercial real estate owners, and yet they pay it year after year without any contest. But property taxes are not set in stone. In fact, your property tax bills can be negotiated to ensure you’re paying your fair share.

Property Taxes 114

Property Taxes Real Estate Investors Market Value 114

Housing Wire

MARCH 5, 2021

Tension between long-time rivals United Wholesale Mortgage and Rocket Pro TPO , formerly Quicken Loans Mortgage Services , reached a new boiling point after the top wholesale lender in the nation announced it will no longer work with brokers who also work with Rocket Mortgage. Mat Ishbia, president and CEO of UWM, gave brokers and owners just over a week to sign an addendum saying they are not working with Rocket Pro TPO.

Mortgage 514

Mortgage Marketing Real Estate Agent Loan Officers 514

Working RE

MARCH 2, 2021

“One of the best courses that I have had in 17 years!” -Amy H >> OREP E&O ????? “They are knowledgeable, professional, and understand urgency.” – Joe Thweatt Editor’s Note: Take the NEW 2021 Appraiser Fee Survey online now at WorkingRE.com/2021survey. Dealing with a Subpoena by Isaac Peck, Editor As an appraiser, you don’t have […].

Appraisal 114

Appraisal Real Estate 114

McKissock

MARCH 2, 2021

As an experienced appraiser, you’ve likely encountered pressure to hit the purchase price or develop your appraisal based on a predetermined value. This, of course, is unethical. So what do you do when you’re asked to hit a certain value? Or when the purchase price is not supported by the available comps? Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, N

Appraisal 103

Appraisal Contracts Market Value Clients 103

BiggerPockets

MARCH 5, 2021

As out-of-state investing grows increasingly popular, make sure you know what to look for in a remote market before you dive in.

Real Estate 81

Real Estate Marketing Investing 81

Housing Wire

MARCH 2, 2021

Spring is one of the most popular selling seasons – and it’s right around the corner. Are you preparing to sell your house? You don’t just want to sell it as is. You want to make a few preparations to attract the most potential buyers. Here are a few things you should consider to ensure your home sells fast and you get the best deal! More for Real Estate Enthusiasts. 5 reasons to refinance your mortgage right now.

Decorating 514

Decorating Renovations Buyers Sellers 514

DataMaster

MARCH 5, 2021

Is the appraisal industry doomed? For years we’ve been told “The end is near” for the appraisal industry. We know this isn’t true! We can’t help but wonder why naysayers continue to shout this headline! Appraisal Buzz hosted DataMaster appraisers Jared Preisler, SRA, and Keven Ewell recently to address this threatened “impending doom.” Join Jared and Keven and hear their thoughts and experiences with the appraisal industry.

Appraisal 78

Appraisal 78

McKissock

MARCH 1, 2021

In 2002, when Dara Alperen Cipollone purchased her first home in East Boston, her real estate agent suggested she would be a great fit for residential sales. With a BS in Healthcare Systems Management from University of Connecticut’s School of Business and several years of experience dedicated to standardizing healthcare information, Dara took a leap to real estate.

Real Estate 90

Real Estate Clients Real Estate Agent Renovations 90

BiggerPockets

MARCH 4, 2021

Tenants may come to you and tell you they have an emotional support animal. It could be as normal as a dog—or as strange as a peacock. Here's what emotional support animal laws say you can and can't enforce when it comes to your pet policy.

Law 81

Law Landlords Tenants Legal 81

Housing Wire

MARCH 1, 2021

Logan Mohtashami HousingWire Lead Analyst. When economic data that is typically sticky has a waterfall dive followed by a quick parabolic recovery, forecasting a trend can be tricky. The MBA purchase application data changed during our year of COVID-19. In a typical, non-pandemic year, the bulk of the volume of purchase applications occurs in the heat months for housing, those being the second week of January to the first week of May.

Housing Market 512

Housing Market Marketing 512

DataMaster

MARCH 5, 2021

Is the appraisal industry doomed? For years we’ve been told “The end is near” for the appraisal industry. We know this isn’t true! We can’t help but wonder why naysayers continue to shout this headline! Appraisal Buzz hosted DataMaster appraisers Jared Preisler, SRA, and Keven Ewell recently to address this threatened “impending doom.” Join Jared and Keven and hear their thoughts and experiences with the appraisal industry.

Appraisal 78

Appraisal 78

Appraisal Hub

MARCH 5, 2021

If speed is an important factor for your next commercial property transaction, then you need a property appraiser that works fast. But even the most efficient appraisal firms can’t do their jobs if clients don’t provide the information they need. Lack of communication can significantly slow down the commercial real estate appraisal process. You as the investor or borrower need to do your part to speed things up.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Property Appraisal 78

BiggerPockets

MARCH 4, 2021

Making an offer on a home can feel like it’s happening so quickly that you hardly have any time to think. Take a moment to make sure that you (and […].

78

78

Housing Wire

MARCH 2, 2021

Rocket Companies Chairman Dan Gilbert may want to gift some karma to users of the infamous subreddit Wall Street Bets. His company’s stock soared nearly 100% on Tuesday after the day traders at the subreddit took interest in the mortgage lender’s stock , which had been hovering around the $20 mark for much of the past three months. Nearly 40% of the company’s available shares are sold short, according to Market Beat, and it’s one of the most shorted companies by hedge fun

Mortgage 508

Mortgage Investors Business Clients 508

Riverfront Appraisals

MARCH 5, 2021

This post is part three of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals. In case you missed part one on the Final Inspection process, go back and read it here. And last time, we discussed all kinds of unique homes, and gave tips on how to make lending on […]. The post Loan Officer’s Guide to Appraisals Part 3: Communication With The Appraiser appeared first on Riverfront Appraisals.

Appraisal 78

Appraisal Final Inspection Loan Officers Inspection 78

Working RE

MARCH 2, 2021

> E&O/GL Insurance for Home Inspectors Competitive Rates, Broad Coverage, Free Risk Management, online inspection support for tough questions, discounts on education and more. Professional Coverage, Competitive Pricing Shop OREP today! >> Editor’s Note: To help you stay up-to-date and connected, OREP/Working RE has established a Coronavirus (COVID-19) Discussion and Resource Page where you […].

Training 78

Training Inspection Insurance 78

BiggerPockets

MARCH 3, 2021

Ready to get started in commercial real estate? Follow these 7 pillars of success to develop a strategy, understand the market, and increase your cash flow.

Real Estate 78

Real Estate Investing Development Marketing 78

Housing Wire

MARCH 1, 2021

After one month of steady declines, servicers’ forbearance portfolio volume rose one basis point last week to 5.23%, according to data released Monday by the Mortgage Bankers Association. The trade group pointed to a slowdown in exits coupled with an uptick in requests for last week’s increase. Once again, Fannie Mae and Freddie Mac boasted the smallest forbearance share with servicers’ portfolios remaining unchanged from the week prior at 2.97%.

Lending 482

Lending Mortgage Business 482

Yolo Solano Appraisal Blog

MARCH 1, 2021

This REAA Zoom class will be on Thursday, March 18 from 6:30-8:30 PM and is approved for 2 hours of continuing education in California (only). Brian Melsheimer and I will provide a walk through of using Microsoft Excel for residential appraisal analysis. Given the limitations of our time in the class, this will be a […].

Appraisal 78

Appraisal 78

McKissock

MARCH 5, 2021

If you’re considering a career in appraisal, you probably want to know: What’s the average real estate appraiser salary? Survey data from the 2020-2021 Appraisal Income Guide shows that an appraiser’s annual income varies according to factors such as license level, years of experience, and more. Here’s a look at the average real estate appraiser salary, plus tips on how you can maximize your income as an appraiser.

Real Estate 73

Real Estate Appraisal Business Clients 73

BiggerPockets

MARCH 3, 2021

In this episode of Best Deal Ever, meet a true multifamily unicorn. Start your real estate investing journey here.

Construction 74

Construction Real Estate Investing 74

Housing Wire

MARCH 3, 2021

MAXEX , a digital exchange platform for buying and selling residential loans, announced on Wednesday the launch of two new lending programs in collaboration with JPMorgan Chase for green energy home improvements. The programs include MAXEX Sustainable, which allows borrowers to finance green energy renovations into their 30-year fixed mortgage, and allows for residential solar panels and geothermal units to be amortized in the loan at the point of purchase or refinance.

Home Improvement 468

Home Improvement Renovations Finance Lending 468

Assurance Financial

MARCH 2, 2021

Is Refinancing a Bad Idea? If you’ve had your existing home loan and mortgage for a little while, it’s only natural to wonder if you could get a better deal. A mortgage is a tremendous responsibility — so you need a reliable understanding of whether refinancing is a good or bad idea. The guide below will lay out some of the pros and cons to help you make sure you’re refinancing your home for the right reasons.

Investing 69

Investing Mortgage Home Value Marketing 69

On Q Financial

MARCH 2, 2021

Homeownership comes with many benefits, from building equity and security to creating stability for your family. However, for some, the dream may seem out of reach. It may be that you haven’t saved enough or don’t make enough in your current position, or maybe you don’t have the best credit. At On Q Financial, we believe the Dream of Homeownership is Inclusive.

Insurance 68

Insurance Government Mortgage HOA 68