Housing Wire
MARCH 25, 2021
Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations. The result was approximately $1.3 trillion in outstanding mortgages with active private mortgage insurance coverage by year’s end.
Appraiserblogs
MARCH 25, 2021
What once was a ‘three year’ project to redesign and implement revised appraisal forms has morphed into one taking far longer. Actual implementation and use of ‘new forms’ are not scheduled to happen until (presumably) early in 2024, but could be extended even further. By 2024, the currently used ‘forms’ will be 19 years old, and the current UAD overlay entering ‘teenage hood’ at 13.
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Housing Wire
MARCH 25, 2021
The broader economy showed signs of recovery last week, pushing the average mortgage rate for a 30-year fixed loan up eight basis points to 3.17%, according to Freddie Mac ’s Primary Mortgage Market Survey. Since January, mortgage rates have increased roughly 50 basis points from historic lows and home prices have risen, leaving would-be homebuyers with less purchasing power.
Working RE
MARCH 25, 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 […].
Housing Wire
MARCH 25, 2021
If you’re a first-time homebuyer (or you already own a home), you’ve heard of mortgage loans. You have your conventional loans, FHA loans, VA loans, USDA loans and so on. But there’s another type of loan, not too many people are familiar with that can make the home buying process much easier. Yes, we’re talking about a bridge loan. Haven’t heard of them?
BiggerPockets
MARCH 25, 2021
Mindy and Scott don’t often get stumped on the Money Show, but it happens once in a great while. What do you do when you have a multi-million dollar net […].
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
AmeriMac
MARCH 25, 2021
No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. From slow turn times to increasingly high fees, lenders and buyers face various problems when acquiring an appraisal.
Housing Wire
MARCH 25, 2021
HomeServices of America Inc. reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual RealTrends 500 ranking. But such activity didn’t result in more sales volume than its chief rivals, publicly traded brokerage colossus Realogy or controversial New York upstart Compass. HomeServices of America, a subsidiary of Warren Buffett’s Berkshire Hathaway conglomerate, was involved in 343,220 brokerage sides and etched out
AmeriMac
MARCH 25, 2021
No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. From slow turn times to increasingly high fees, lenders and buyers face various problems when acquiring an appraisal.
Housing Wire
MARCH 25, 2021
As the refi boom fades, gain-on-sale margins at loanDepot are declining, the company disclosed in a new filing with the Securities and Exchange Commission this week. The Tuesday filing shows that loanDepot, the nation’s second-largest retail lender, originated $25.1 billion worth of residential loans in January and February, compared to the $37.4 billion the company originated in the fourth quarter of 2020.
AmeriMac
MARCH 25, 2021
No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. From slow turn times to increasingly high fees, lenders and buyers face various problems when acquiring an appraisal.
Housing Wire
MARCH 25, 2021
Digital mortgage and fulfillment platform Maxwell has raised $16.3 million in a Series B funding round, the company said on Thursday. The round was led by Fin VC and TTV Capital. Other investors included Rotor Capital , The Mortgage Collaborative Emerging Technology Fund , Prudence Holdings and existing investors including Anthemis Group , Route 66 Ventures , and Sovereign’s Capital.
Raleigh Realty
MARCH 25, 2021
Whether you're shopping for a mansion overlooking the green on the 16th hole, waterfront home with breathtaking views, or a penthouse loft in the heart of downtown, the luxury home buying process is one you'll want to be sure to do your homework on. As a buyer shopping for high-end real estate, there are certain tips and strategies that are both similar and different to your typical home buying process.
Housing Wire
MARCH 25, 2021
Like every department within housing, marketing teams across the country were forced to re-strategize and tailor their programs to accommodate the changing climate of 2020. For the first time ever, HousingWire is honoring the executive marketers who weathered the storm and continue to strengthen and grow their brands amid market volatility. The HW Marketing Leaders make up the best and brightest minds in marketing within mortgage lending, servicing and real estate.
Housing Wire
MARCH 25, 2021
The Mortgage Collaborative announced today the first investment of its recently launched TMC Emerging Technology Fund LP, or TMC Fund. The venture capital program is funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector. The investment is a participation in Maxwell’s Series B Preferred Share financing which was led by Fin Venture Capital and TTV Capital.
Housing Wire
MARCH 25, 2021
The RealTrends and HW Media teams are pleased to announce the 2021 RealTrends 500. The RealTrends 500, now in its 34th year, remains the undisputed leader in ranking the performance of residential real estate services firms. Due to the requirement of independent verification, the RealTrends 500 is The Trusted Source for information about performance of these firms.
Housing Wire
MARCH 25, 2021
HomeServices of America Inc. reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual ranking by Real Trends. But such activity didn’t result in more sales volume than its chief rivals, publicly traded brokerage colossus Realogy or controversial New York upstart Compass. HomeServices of America, a subsidiary of Warren Buffett’s Berkshire Hathaway conglomerate, was involved in 343,220 brokerage sides and etched out
Housing Wire
MARCH 25, 2021
Notarize announced Thursday a $130 million Series D funding round, led by fintech venture capital firm Canapi Ventures. That’s $213 million of total funding to-date for Notarize, which will funnel the recent round of capital into the company’s digital notarization and identity verification technology. The company also plans to double its staff in the next year, per an official statement.
Housing Wire
MARCH 25, 2021
BoomTown , a marketing automation platform for real estate professionals, announced Thursday the acquisition of Brokermint , which uses technology to consolidate and automate back office and transaction management functions through scalable software solutions. Specifically, clients can use Brokermint to complete tasks in commission automation, accounting, agent management, and reporting and analytics.
Housing Wire
MARCH 25, 2021
A 40-plus basis point rise in mortgage rates over the past month resulted in approximately 7 million high-quality refi candidates who are no longer able to lock “forever rates,” according to a recent report from Black Knight. On Feb.11 , the mortgage data and analytics provider estimated there were 18.1 million borrowers who met broad-based underwriting criteria and could save at least 0.75% on their mortgage rate through a refi.
Housing Wire
MARCH 25, 2021
San-Francisco based tech startup Polly (recently rebranded from PollyEx ) raised $15 million in a Series A funding round led by seasoned venture capitalist firm 8VC , the company announced on Thursday. Other investors in this round included Menlo Ventures , Conversion Capital , Meritech Capital , Fifth Wall and Base10 Partners. The company started as mortgage loan trading exchange and last year launched a product pricing and eligibility engine for loan originators.
Housing Wire
MARCH 25, 2021
Rocket Companies chairman Dan Gilbert is making another massive investment in Detroit. The billionaire mortgage mogul’s family foundation and Rocket’s community fund on Thursday announced a combined $500 million philanthropic investment in Detroit neighborhoods over the next decade. The Gilbert Family Foundation will contribute $350 million, and the Rocket Community Fund will invest $150 million, Gilbert announced during his first television appearance in years.
Housing Wire
MARCH 25, 2021
RE/MAX has been around for almost half a century, and the brokerage with the red balloons spent their annual convention, held this week in Orlando and virtually, making the case for their continued relevancy. Nick Bailey, courtesy of RE/MAX. Nick Bailey, RE/MAX Chief Customer Officer, paced back and forth on a convention hall stage Thursday, warning of a “bogeyman,” be it Zillow or some other existential threat, that always seems to threaten the home broker.
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