Housing Wire

AUGUST 27, 2020

Homebuyers who are juggling work and school from their home want more space, triggering an increase in the number of sales of large homes. According to Redfin , sales for large homes were up 21.2% year over year nationwide in July, compared to a 10% increase for medium-sized homes and a 2.3% increase for small homes. Redfin categorized large homes as those between 3,000 and 5,000 square feet, medium homes between 1,500 and 3,000 square feet, and small homes between 300 and 1,500 square feet.

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Contracts Design Marketing Housing Market 545

Simonson Real Estate

AUGUST 24, 2020

On March 11, 2020, the World Health Organization announced COVID-19 as a global pandemic (this day also happens to be my birthday so good or bad, it’s an easy date for me to remember). Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. . At Simonson Appraisals, our team works tirelessly to ensure those worries are needless.

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REX Real Estate

AUGUST 28, 2020

Decorating any room in your home can have its challenges, especially when you’re dealing…

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Decorating Design 67

McKissock

AUGUST 25, 2020

In order to do appraisals for FHA loans (including reverse mortgages and REO properties), you must be listed on the FHA appraiser roster. Below, we’ve provided answers to several common questions regarding how to get on the FHA roster. Whether you’re a new applicant or a former FHA roster appraiser, we hope you find the following information helpful.

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Appraisal Valuation Business Mortgage 66

Housing Wire

AUGUST 22, 2020

According to reporting by the Wall Street Journal on Saturday, the Federal Housing Finance Agency has been communicating with mortgage industry groups about delaying the implementation of a fee which would add a 0.5% surcharge to refinance mortgages sold to Fannie Mae and Freddie Mac starting Sept. 1. According to the article, the FHFA is considering a delay to the adverse market fee implementation date, but is not planning to rescind it.

Finance 545

Finance Mortgage Government Investors 545

Anthem Valuation

AUGUST 26, 2020

Whether you need an estate tax appraisal, an estate trust appraisal or a probate estate appraisal, we have the experience to help. The type of estate appraisal and the intended us will impact how an appraiser prepares an appraisal report. Estate appraisals by a licensed and experienced real estate appraiser are the most accurate and defensible way to value a property.

Appraisal 60

Appraisal Valuation Real Estate Market Value 60

McKissock

AUGUST 28, 2020

Here at McKissock, our Unlimited Learning Members enjoy 24/7 access to a wide array of online resources for real estate appraisers. These resources cover a huge variety of topics, from home construction to USPAP compliance to retirement planning, and much more. If you’re beginning to prepare for retirement (it’s never too soon!), here are four excellent retirement resources available right now in our membership toolkit.

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Appraisal Investing Tools Real Estate 61

Housing Wire

AUGUST 28, 2020

The line between traditional iBuyer and brokerage is getting ever-so-blurry for venture-backed startup Opendoor. The company, armed with $1.5 billion in VC funding, is looking to bring aboard real estate agents in Phoenix, Arizona, to support its “Home Reserve” iBuying platform, according to Inman , which spotted a jobs posting Friday morning.

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Brokerage Real Estate Agent Agents Real Estate 538

REX Real Estate

AUGUST 26, 2020

REX and Repair Pricer teaming up to deliver remote home repair estimation services to real estate clients and agents, AI technology speeds up inspection reports and estimates to 24 hours or less.

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Inspection Real Estate Technology Clients 48

Listing Spark

AUGUST 25, 2020

Here at ListingSpark, we work with A LOT of sellers who start out as a For Sale By Owner. For that reason, I put together a list of 5 tips every FSBO (For Sale By Owner) should know. This came about because I am always amazed at the misinformation that exists in the FSBO world. 1) Zillow DOES NOT care if you actually sell. What most For Sale By Owner sellers don’t realize is that nothing in life is actually free.

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Agents Buyers Sellers Real Estate Agent 36

McKissock

AUGUST 26, 2020

Even if you’re not working with buyers who are in the market for a million-dollar home, you can still learn from luxury real estate brokers. After all, selling is selling. Here are four tips from luxury brokers that you can incorporate when selling a home. Brand Yourself. Laurie Moore-Moore of the Institute for Luxury Home Marketing recommends you be the high-powered professional real estate broker everyone pictures in their mind.

Real Estate 56

Real Estate Real Estate Agent Sellers Agents 56

Housing Wire

AUGUST 27, 2020

Four days ahead of its previous expiration date, the Federal Housing Finance Agency extended its moratorium on foreclosures and evictions for borrowers with mortgages backed by Fannie Mae and Freddie Mac until Dec. 31. After its prior extension to Aug. 31 in June, the agency said it intended to monitor the effects of the coronavirus and update policies as needed.

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Tenants Mortgage Finance 536

REX Real Estate

AUGUST 26, 2020

While many have taken on the DIY approach for home improvement projects during the…

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Home Improvement Home Value 36

Housing Wire

AUGUST 24, 2020

Almost 80% of economists say there’s at least a one-in-four chance of a double-dip recession, following a record 32.9% plunge in GDP in the second quarter, according to a survey released on Monday from the National Association for Business Economics. About 40% of respondents rate the COVID-19 response from Congress as “insufficient” and 37% said it’s “adequate,” according to the survey that summarized the opinions of 235 members and was conducted between late July and early August.

Business 528

Business 528

Housing Wire

AUGUST 27, 2020

Average U.S. mortgage rates for a 30-year fixed loan fell to 2.91% this week, the second-lowest level on record, Freddie Mac said in a report on Thursday. The rate declined from 2.99% last week , the mortgage financier said. The average rate for a 15-year fixed home loan fell to 2.46% from 2.54%. “This year has been anything but normal and as the uncertainty lingers, mortgage rates remain near record lows,” said Sam Khater, Freddie Mac’s chief economist.

Mortgage 526

Mortgage Realtors Real Estate Finance 526

Housing Wire

AUGUST 28, 2020

The Federal Housing Finance Agency announced on Tuesday it is delaying the implementation of its adverse market refinance fee to Dec. 1 – three months past its intended start date. But what about lenders whose refi loans were locked with closing dates after Sept. 1 and carrying the 50bps LLPA? Phil Shoemaker, president of originations at Home Point Financial , said that for every Home Point borrower who had the adjustment added, the fee will be removed.

Finance 514

Finance Clients Marketing Mortgage 514

Housing Wire

AUGUST 27, 2020

Federal Reserve Chairman Jerome Powell on Thursday announced a major shift in monetary policy that will allow the central bank to use inflation averaging, rather than the current practice of setting a hard target. Speaking at a video-only version of the Federal Reserve Bank of Kansas City ’s annual conference, Powell said the Fed will no longer raise its benchmark rate to keep unemployment from falling too low and will allow inflation to run slightly higher than the current 2% target after perio

Mortgage 508

Mortgage Investors Lending 508

Housing Wire

AUGUST 27, 2020

U.S. pending home sales rose 5.9% in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. The seasonally-adjusted index measuring signed contracts was up 15.5% year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors.

Contracts 501

Contracts Realtors New Listings Real Estate 501

Housing Wire

AUGUST 28, 2020

In the age of COVID-19, Peck Barham knew that prospective home buyers would pepper him with questions about home offices as they decamped downtown Birmingham for the spacious suburbs. But the agent with TeamBarham, Keller Williams Homewood didn’t expect the grub question. “The Birmingham Metro has a large suburban population and we have seen a larger than usual pattern to being outside the downtown district,” said Barham. “However, they do want to make sure they stay within the

Real Estate Agent 497

Real Estate Agent Real Estate Agents Buyers 497

Housing Wire

AUGUST 23, 2020

If the Great Recession never happened, how would potential homebuyers be looking at today’s housing market? . After all, the giant cohort of potential homebuyers now in their late 20s and early 30s was also the generation fresh out of college trying to find a job as the market was crashing in 2008. They remember the struggles of trying to find a job, and they remember the large swath of inventory on the market that made home prices drop lower and lower. .

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Housing Market Inventory Marketing Real Estate 497

Housing Wire

AUGUST 27, 2020

Several times a month, the National Multifamily Housing Council (NMHC) releases data from its Rent Payment Tracker, a measure of the number of tenants who have paid rent that month. Its most recent update, issued on Aug. 24, found that 90% of apartment households had made a full or partial rent payment by Aug. 20. Great news, right? Robyn A. Friedman HW+ Columnist.

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Landlords Tenants Investors Real Estate 482

Housing Wire

AUGUST 24, 2020

James Kleimann is joining HousingWire as Mortgage Editor to help the company sharpen coverage in housing finance, while also expanding into other housing verticals like real estate, title/escrow and appraisal. Working alongside HousingWire Editor in Chief Sar a h Wheeler , Kleimann will spearhead the editorial strategy for housing coverage on HousingWire.com. .

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Real Estate Advertising Modernization Mortgage 475

Housing Wire

AUGUST 24, 2020

e-Closing platform Pavaso announced on Monday it has been awarded the Remote Online Notarization Compliance Certification through the Mortgage Industry Standard Maintenance Organization – making it the fourth company to receive the specialized certification. Originally introduced in April, the MISMO RON compliance certification was designed to assure RON tech providers meet a universal set of standards including credential analysis, borrower identification, capturing and maintaining a recording

Design 467

Design Technology Government Real Estate 467

Housing Wire

AUGUST 24, 2020

Operations have become increasingly important in today’s environment, and some companies have even offered sign-on bonuses for these roles as the need for them heightens. Many of the 2020 HW Insiders are from these operations roles, and their talent was put to the test during unprecedented times. And these operations superstars guided their companies through it with ease – from moving workforces remote to creating new digital elements in a time of social distancing.

Real Estate 465

Real Estate Mortgage 465

Housing Wire

AUGUST 27, 2020

Mortgage Research Center , which does business as Veterans United Home Loans , is holding a virtual career showcase Wednesday, September 2, for all interested job applicants. According to Veterans United, the showcase will allow potential job candidates an opportunity to view the company’s culture, diversity and inclusion programs and available career opportunities in a more personal setting.

Loan Officers 448

Loan Officers Training Business Mortgage 448

Housing Wire

AUGUST 27, 2020

Initial claims for unemployment benefits fell to 1 million last week from 1.1 million in the prior period, the Labor Department said in a Thursday report. “The up and down moves of recent weeks underscore that the recovery will be slow-going as long as the virus continues to circulate,” Wells Fargo economists said in a report. Even with the decline, the level was “still higher than any week during the Great Recession.”.

Marketing 447

Marketing 447

Housing Wire

AUGUST 24, 2020

Note: This is part four of a five-part series. Over the following weeks, Todd Duncan, sales entrepreneur and New York Times best-selling author, will showcase principles for mortgage and real estate professionals to embrace for success. Find more advice in his first , second , third and fourth pieces. I was in the back of an Uber having just landed in Boston.

Contracts 362

Contracts Business Real Estate Insurance 362

Housing Wire

AUGUST 28, 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. Keeping on the theme of leads , leads , leads , I’m going to highlight some of the products that focus almost exclusively on this area. You could argue that many of the companies we’ve covered so far in the HousingStack help in lead conversion, and you’d be correct.

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Tools Sellers Real Estate Contracts 317

Housing Wire

AUGUST 28, 2020

Gateway First Bank officially named Scott Gesell CEO and general counsel after serving as CEO on an interim basis since April 3. He will also join the board of directors of Gateway as a director. In the seven years that Gesell has been at Gateway First Bank, he has been a part of the executive management team responsible for the growth of Gateway, playing a key role in the in the formation of the bank in 2019, which was born out of the merger of a 100-year-old community bank with Gateway Mortgag

Mortgage 315

Mortgage Technology Training Development 315

McKissock

AUGUST 24, 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.

Real Estate 52

Real Estate Agents Legal Buyers 52

Housing Wire

AUGUST 27, 2020

One of my favorite aspects of working for HousingWire over the past two years has been helping the company expand our real estate coverage. There is so much changing every day in the real estate technology landscape, and whether it’s through our HousingStack or our Real Estate D emo Days , we want to help real estate professionals stay current.

Real Estate 518

Real Estate Technology Real Estate Agent Landlords 518

Housing Wire

AUGUST 24, 2020

In a letter addressed to congressional leaders, the Department of Housing and Urban Development , the Department of Treasury and the National Economic Council , a coalition of 31 housing organizations and industry trade associations urged the administration to immediately restart negotiating a compromise on stimulus regulation and rental assistance that “keeps people in their homes.”.

Real Estate 488

Real Estate Realtors Development Investing 488

Housing Wire

AUGUST 24, 2020

The U.S. forbearance rate declined for the second consecutive week, falling to the lowest level since mid-April, according to the Mortgage Bankers Association. The share of mortgages with agreements to suspend payments fell to 7.2% from 7.21%, MBA said in a report on Monday. The forbearance rate for Fannie Mae and Freddie Mac loans dropped 1 basis point to 4.93%, while the rate for Ginnie Mae loans that include loans backed by the Federal Housing Administration was flat at 9.54%.

Insurance 498

Insurance Clients Mortgage 498

Housing Wire

AUGUST 28, 2020

After an industry outcry, the Federal Housing Finance Agency on Tuesday said it would delay until Dec. 1 the implementation of the 0.5% adverse-market fee on refinanced mortgages purchased by Fannie Mae and Freddie Mac. That’s almost a month after the Nov. 3 presidential election. If former Vice President Joe Biden usurps President Donald Trump, all bets are off, said Stephen Myrow, managing partner of Beacon Policy Advisors in Washington, D.C.

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Finance Marketing Mortgage 505