Housing Wire

JANUARY 22, 2021

After ringing the bell of the New York Stock Exchange on Friday morning, Mat Ishbia’s United Wholesale Mortgage (UWM) is a publicly traded company. UWM, the second-largest mortgage originator in America , debuted trading at $11.95. By 10:45 a.m. EST, it was trading at $11.65. UWM’s entrance to the public markets caps a wild six months for independent mortgage banks across America, in which a dozen large or mid-sized mortgage firms revealed plans to go public.

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Riverfront Appraisals

JANUARY 22, 2021

Hey y’all! Welcome to our special 2020 Year In Review blog post. This post will also be a special episode of the new Owensboro Real Estate Update Podcast. We are less than one week from our official launch, so be sure & subscribe to the podcast so you won’t miss out on any of our […]. The post Riverfront Appraisals 2020 Real Estate Year in Review appeared first on Riverfront Appraisals.

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Housing Wire

JANUARY 22, 2021

The following is an excerpt from an interview originally published by FinLedger with Rohan Amin, Chief Information Officer of Chase’s Consumer & Community Banking unit. The complete interview is available here. When the coronavirus pandemic hit in 2020, banks were among the many institutions moving quickly to adapt to all the changes that came with it.

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McKissock

JANUARY 22, 2021

A major selling point for completing hybrid or bifurcated appraisals is that the appraiser will save a good deal of time by not inspecting the property, not taking photos of comparable sales, and not sitting in traffic. However, the notion that an appraiser could complete a hybrid/bifurcated appraisal in less than an hour is simply too good to be true.

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Housing Wire

JANUARY 22, 2021

Nearly three months after CoreLogic confirmed it was exploring multiple acquisition offers following the rejection of a hostile takeover bid, the data giant is now evaluating the final two bidders. Citing anonymous sources, Bloomberg reported that CoStar Group and a private equity group led by Warburg Pincus are currently competing for the data provider, though it is unclear if either have made an offer yet.

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REX Real Estate

JANUARY 22, 2021

2020 was a year all of us will remember.

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Housing Wire

JANUARY 22, 2021

Home Point Capital , the parent company of wholesale lender Homepoint , announced Friday that certain undisclosed stockholders plan to sell 12.5 million shares of Class A common stock, raising $250 million in an independent public offering. Home Point Capital said those stockholders planned to price shares of common stock between $19 and $21 per share, according to a filing made with the SEC.

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Housing Wire

JANUARY 22, 2021

Today the National Association of Realtors reported existing home sales for the month of December were at 6,760,000, a beat of estimates. This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6% increase from the same month in 2019. Instead of thinking of the end of 2020 and going into 2021 as a hot sales market, this increase over December 2019 sales may be more appropriately interpreted as an end-of-the-year bump due

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Housing Wire

JANUARY 22, 2021

Buying a home is a big decision. And choosing the right type of property? That’s critical to success. The property type you opt for will ultimately impact your cash flow, how much work and maintenance the home requires, and the wealth you’re able to build over time. Want to make sure you’re buying the right property for your budget and goals? Here’s what you need to know: Condos.

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Housing Wire

JANUARY 22, 2021

Existing home sales rose in December, and total home sales in 2020 reached the highest level in 13 years, according to the National Association of Realtors. A total of 5.64 million homes were sold in 2020, up 5.6% from 2019 and the most since before the Great Recession, according to Lawrence Yun, NAR’s chief economist. Sales also rose 0.7% from November and 22.2% year over year.

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Housing Wire

JANUARY 22, 2021

As one of his first directives upon taking office, President Joe Biden announced a 60-day freeze on regulations to give his administration the time necessary to review any new rules. It could affect two recent rules related to mortgages. Biden ordered that no new rules can be issued until a member of his administration is appointed to the head of the agency issuing the regulation.

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Housing Wire

JANUARY 22, 2021

By a unanimous 26-0 vote, the Senate Finance Committee approved Janet Yellen’s nomination to become U.S. Treasury Secretary on Friday. Senate Majority Leader Chuck Schumer said there would be no other votes in the Senate on Friday, meaning there will not be confirmation of Yellen as Treasury Secretary until this weekend or next week, if she is approved.

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Housing Wire

JANUARY 22, 2021

Time is a funny thing in the mortgage business, moving in cycles like the economy. Yet, in good times we tend to forget that there will be bad times, and the bad times seem like they’ll have no end. More worrisome, though, we tend to forget the mistakes we make, allowing them to come back and bite us again when we let down our guard. The lack of historical memory is a great risk, however, something that we should all guard against.

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Housing Wire

JANUARY 22, 2021

With the 117th Congress having been sworn in, Rep. Maxine Waters announced the Democratic members for the House Financial Services Committee, which has oversight on banking, insurance, real estate and securities sectors. “I look forward to working with all of my colleagues to continue to tackle this pandemic crisis, make sure the financial system works for everyone, and put forth solutions to benefit individuals and families across the nation,” Waters said in a statement on Friday.

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