Housing Wire
SEPTEMBER 18, 2020
For Victoria Murphy, a RE/MAX agent in Oahu, Hawaii, getting her Realtor license was always a part of her plan. But shut-down orders in March helped push the college student to get it done. Murphy said the shut-down gave her enough time to get through the pre-licensing course and she was able to enter the real estate world feeling excited and determined.
McKissock
SEPTEMBER 18, 2020
When a real estate appraiser is called to testify in a court, it could be as one of two types of witnesses. If you are called to testify as an appraiser, it’s important to determine at the time of the request which of the two types you will be: fact witness or expert witness. One has lower liability and responsibility, and the other has greater financial reward.
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The Robert Weiler Company
SEPTEMBER 18, 2020
Columbus, Ohio is home to many residential and commercial rental properties. In the past few decades, we’ve noticed a steady increase in building owners and landlords looking for help. Let’s face it, property management is a long-term ordeal, and not everyone has the time to perform real property management – you are not alone. Maintaining and running a property can quickly become overwhelming.
JMV Lending
SEPTEMBER 17, 2020
Our Social Media Manager recently noted a lot of comments on social media regarding appraisal issues – both low values and delays. The conditions that foster these issues are worse than ever right now and I wanted to discuss a few reasons why. LOW VALUES: WHEN SUMMER = SPRING Spring is usually the issue. Appraisers […]. The post Appraisal Issues – Low Values, Delays & Why; When Summer = Spring appeared first on JVM Lending.
Housing Wire
SEPTEMBER 15, 2020
Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 trillion. The dollar-volume record will be boosted by $2.4 trillion in refinancings, the highest level since 2003 and more than double the level seen in 2019, the mortgage giant said in a forecast on Tuesday. “We continue to believe that a low-rate environment will support refinance demand over the forecast horizon,” Fannie Mae said in the forecast.
McKissock
SEPTEMBER 16, 2020
First-time homebuyers are a crucial demographic in the real estate market and have continued to grow as a niche for real estate professionals. However, there are certain attributes of this demographic that you should consider before you pursue this buyer category. Judy Crockett, real estate agent and certified residential specialist states that “working with first-time buyers is challenging primarily because the buyers are typically younger, inexperienced, and overwhelmed by the logistics of pur
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
PennyMac
SEPTEMBER 18, 2020
Purchasing, updating, and decorating your home was a big investment. It is your family’s refuge and holds both treasured memories and valued possessions: in short, all things that you want to protect. We talked with several security experts to discover and share their top tips for home protection. Their advice was varied, but they all agreed that using a smart combination of the right tools, techniques, and safety measures is the key to protecting your home and family.
Housing Wire
SEPTEMBER 14, 2020
Forbearance exits measuring how many borrowers cancelled agreements to suspend mortgage payments rose to a one-month high in September’s first week, led by a surge in loan modifications, according to a report from the Mortgage Bankers Association on Monday. Total exits from forbearance rose to 0.23% of servicers’ portfolios in the first week of September, almost double the 0.14% in the prior week, MBA said.
McKissock
SEPTEMBER 15, 2020
When it comes to appraisal violations , certain minor violations are very common. In this article, I outline several examples of less serious breaches of development STANDARD 1 and reporting STANDARD 2—and a few other types of violations, too. I have compiled these based on many years of personal experience in appraisal regulation, as well as feedback I have received from other states’ enforcement agencies.
Listing Spark
SEPTEMBER 18, 2020
Brian and Ginger recently sold their home in Lewisville TX (just outside Dallas) through ListingSpark and were extremely successful. Here is a glimpse through their journey that started as a For Sale By Owner. Like many other For Sale By Owner sellers around Texas, Brian and Ginger needed to sell their home but were looking for a different and affordable option.
REX Real Estate
SEPTEMBER 18, 2020
Recently, REX Senior Vice President for Public Policy and Special Counsel Michael Toth participated…
Housing Wire
SEPTEMBER 16, 2020
The Federal Reserve left its overnight lending rate unchanged on Wednesday at the end of its last meeting before the Nov. 3 presidential election and said it expects to keep it near zero for more than a year. In a statement released Wednesday, all 17 members of the Federal Open Market Committee said they expect to keep the central bank’s benchmark rate near zero at least through next year, and 13 estimated it would stay there through 2023.
McKissock
SEPTEMBER 13, 2020
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.
D Fritz Appraisals
SEPTEMBER 18, 2020
2020 has been a year of highs and lows for the Canadian Real Estate Market. Fitting with the times we’re in, the CREA (Canadian Real Estate Association) couldn’t even publish a quarterly trend forecast in June. Instead, a notice on the webpage stated that “as providers of the most accurate and timely housing data and statistics, CREA believes the outlook to still be too uncertain to release a forecast at this time.”.
REX Real Estate
SEPTEMBER 16, 2020
For those of us who don’t have the luxury of beachfront living, yet dream…
Housing Wire
SEPTEMBER 16, 2020
Mortgage applications decreased 2.5% last week after seeing some positivity the week prior , according to a report from the Mortgage Bankers Association. The refinance index decreased 4% compared to the week prior but remains 30% higher than the same week last year. According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, demand for refinances may be slowing due to remaining borrowers waiting for another sizable drop in rates.
Housing Wire
SEPTEMBER 16, 2020
While at the beginning of the year it seemed like Millennials and Generation Z were going to take hold of the housing market in 2020, the pandemic drastically changed that prediction. For the first time since the Great Depression, the majority of young adults are living with their parents, according to a new Pew Research Center analysis of monthly Census Bureau data.
Housing Wire
SEPTEMBER 17, 2020
LoanDepot is poised to go public later this year, becoming “Lyft to Rocket Mortgage’s Uber,” according to a new report. The California-based mortgage lender headed by Anthony Hsieh could be worth between $12 billion and $14 billion in an IPO, according to Bloomberg ‘s sources. The company has held discussions with potential underwriters for an IPO that could happen as soon as the fourth quarter of this year.
Housing Wire
SEPTEMBER 17, 2020
Average mortgage rates for a 30-year fixed mortgage increased slightly to 2.87% this week, the second-lowest on record, rising one basis point from last week’s all-time low of 2.86% , while the less-popular 15-year rate fell to a new low of 2.35%, Freddie Mac said on Thursday. The 30-year rate has broken records nine times since March because of a Federal Reserve bond-buying program that has poured about $1 trillion into the mortgage markets.
Housing Wire
SEPTEMBER 17, 2020
The National Association of Home Builders and Wells Fargo Housing Market Index rose five points to 83 in September – the highest score the series has seen since its inception 35 years ago, according to a release from NAHB on Wednesday. Based on a scale from zero to 100, the index gauges builder perceptions of current single-family home sales and sales expectations for the coming six months.
Housing Wire
SEPTEMBER 18, 2020
In the second quarter of 2020 nearly 11 million households fell behind on their rent or mortgages – however nearly triple that number, approximately 30 million individuals, missed at least one student loan payment, according to a recent report from the Mortgage Bankers Association’s Research Institute for Housing America. The data compiled from the Understanding America Study was the result of a panel survey tailored to study the impact of the pandemic specifically on mortgagors, renters and stu
Housing Wire
SEPTEMBER 15, 2020
This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Register for the FinLedger Daily Newsletter. The virtual notary services industry has become increasingly popular amid the COVID-19 pandemic as businesses have adopted remote signatures to adhere to social distancing protocols while closing on mortgages and other loans.
Housing Wire
SEPTEMBER 14, 2020
Since the onset of COVID-19, the Twittersphere has been ripe with rumor and speculation that the financial requirements to qualify for a mortgage have become increasingly more rigorous since the crisis and this would put a damper on the housing market. Logan Mohtashami Lead Analyst. It is true that the COVID-19 crisis did temporarily wreak havoc on the mortgage market.
Housing Wire
SEPTEMBER 16, 2020
A well-qualified buyer these days can find a mortgage at historically low interest rates. But that’s not good enough for United Wholesale Mortgage CEO Mat Ishbia. He’s looking to hook borrowers at stupid-low mortgage rates , though not all applicants will be able to make the numbers work , as HousingWire Magazine Editor Kelsey Ramírez detailed about a month ago.
Housing Wire
SEPTEMBER 14, 2020
We are living in fast-changing times, and lenders that don’t embrace those changes will not compete well for business in a post-COVID-19 world. In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. But are all lenders equipped to make that transition?
Housing Wire
SEPTEMBER 15, 2020
Last spring, the housing industry was forced to pivot its traditionally in-person processes and harness available technology resources amid the spread of COVID-19. Now, the industry will need to take a step back to figure out which fintech solutions can provide long-term solutions, according to Andy Crisenbery , Black Knight Senior Vice President of eLending Solutions and 2019 HousingWire Tech Trendsetter.
Housing Wire
SEPTEMBER 18, 2020
No matter how experienced a real estate agent is, he or she relies on leads for business growth. And, since a National Association of Realtors survey showed that 53% of buyers in 2019 used an agent that was either referred to them or was someone they used in the past, that means that about half of all buyers (47%) are available to any agent willing to compete for them.
Housing Wire
SEPTEMBER 16, 2020
The title insurance industry saw a surge in premium volume in the second quarter of 2020, according to the American Land Title Association’s latest Market Share Analysis. It’s no secret that lending volume is up in 2020. In fact, the latest Fannie Mae forecast says mortgage lending will hit an all-time high of $3.9 trillion this year, largely due to record volumes of refinancings.
Housing Wire
SEPTEMBER 17, 2020
Signing a mortgage via eClose in Texas has come a long way since its hard-fought adoption in 2018. Two years later, many consider Texas to be the gold standard for eClosings, and it has been on the forefront of remote online notarization adoption “because you can do it in every county in the state,” according to Jeffrey Bode, president of Mid America Mortgage.
Housing Wire
SEPTEMBER 15, 2020
Residential sell and lease-back company EasyKnock has added another product to its portfolio. ReLEASE provides homeowners with the option to sell their home and rent it back from EasyKnock as long as they would like, the company said. “We’re launching this product today because Americans need options now,” EasyKnock CEO Jarred Kessler said in a statement.
Housing Wire
SEPTEMBER 17, 2020
Shant Banosian, the nation’s No. 1 loan originator, has become Guaranteed Rate ’s first loan officer to fund $1 billion in loan volume in one year. Over the course of his decade-long career, Banosian has generated more than $4 billion in funded loans. Over the last five years, Shant has been Guaranteed Rate’s No. 1 loan officer nationwide, as well as the top producer in Massachusetts since 2013.
Housing Wire
SEPTEMBER 15, 2020
In this low interest rate environment, lenders are staying busy with high volumes and new clients. HousingWire spoke with Homebot CEO Ernie Graham about the best strategies for staying in touch with borrowers post-transaction and creating opportunities for success in the long term. HousingWire: How can lenders use volume from this year’s refi boom and purchase season to fill their pipeline and set themselves up for future success?
Housing Wire
SEPTEMBER 14, 2020
About a year ago, RE/MAX agent Ken Flaspohler took on what he said is the most exciting luxury listing he’s ever had. Hidden somewhere in rural Kansas and nestled 15 stories below the ground, the listing consists of condos constructed in a repurposed Atlas missile silo. The exact location wasn’t shared with HousingWire, or even posted on the listing site, but Flaspohler said keeping the location information low key is what comes with the territory.
Housing Wire
SEPTEMBER 14, 2020
HousingStack is a real estate technology landscape that provides a dynamic visual that reflects the rapid changes in the sector. The HousingStack is exclusively for HW+ members. To join the HW+ community, go here. I’ve been asked to put together some recommendations on what a “brokerage technology stack” should look like as well as what teams and agents should be thinking about.
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