Housing Wire
DECEMBER 30, 2020
While the United States may not have been prepared to combat a deadly virus, a quick and robust response from the Federal Reserve , along with changing consumer preferences, created a perfect storm that resulted in a record year for the housing and mortgage industries. Mortgage rates would fall to record lows 16 times throughout 2020, with origination volume expected to eclipse $4 trillion.
McKissock
DECEMBER 30, 2020
We live in an era of great real estate technology, but are you using it to your advantage when it comes to running your business? Today’s high-tech tools mean you can automate processes and tasks, organize and analyze information more quickly, reach new real estate clients , and do a better job of staying in touch with current ones. Perhaps the best thing these tools can provide is an improved experience for your clients.
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Housing Wire
DECEMBER 30, 2020
U.S. pending home sales slid for the third consecutive month in November, dropping 2.6% year-over-year, according to a report from the National Association of Realtors. Year-over-year, contract signings increased by 16.4%. “The latest monthly decline is largely due to the shortage of inventory and fast-rising home prices,” said Lawrence Yun, NAR’s chief economist. “It is important to keep in mind that the current sales and prices are far stronger than a year ago.” Home pr
Housing Wire
DECEMBER 30, 2020
2020 served as a real litmus test for mortgage technology and fintech. Between having to transition whole teams to work from home — in some cases over just a weekend — to dealing with crushing origination volume, companies could clearly see the advantages or disadvantages of the technology they had invested in. . For 2021, I talked with Scott Petronis , principal of Xcentric Consulting and one of the architects of HousingWire’s HousingStack ecosystem, about three areas of fintech he’s keeping an
Housing Wire
DECEMBER 30, 2020
RentPath announced Wednesday that it has terminated an agreement to be acquired by CoStar Group following the Federal Trade Commission’s (FTC) decision to sue to block the transaction. The FTC had argued that the $588 million acquisition would be harm customers because RentPath presents a strong competitive alternative to CoStar in the multifamily space, and the deal would effectively eliminate price competition.
Housing Wire
DECEMBER 30, 2020
EasyKnock has rolled out another sale-leaseback product for homeowners. With this initiative, homeowners can sell their home and remain living there rental payment-free until they find their new abode. EasyKnock said that this service enables the homeowner to leverage their equity as payment, so they are living without the out-of-pocket expenses during their transition period.
Housing Wire
DECEMBER 30, 2020
In October, the Conference of State Bank Supervisors made a controversial move to issue a final rule with proposed prudential standards for nonbank mortgage servicers – standards that, if enacted, have some stakeholders worried. The proposed rule addressed capital, liquidity, governance, policy related to entity survivorship and more. But now, the Urban Institute is warning that the rule could have unintended consequences.
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