Housing Wire
FEBRUARY 2, 2021
Now that several vaccines are being distributed and hospitalizations appear to be on the decline in many areas, we can start thinking about life after COVID-19. I am interested to see what habits and cultural shifts stay with us and which ones are cast aside as soon as we can safely do so. My instincts tell me that, for the most part, whatever happens in a crisis stays in a crisis.
McKissock
FEBRUARY 2, 2021
Real estate appraisers are reportedly 25% more satisfied in their careers, on average, compared to American workers across all professions. There are many reasons to love being an appraiser, such as having a flexible schedule, earning a good living, and doing challenging work. Last month we asked our real estate appraisal community, “What do you enjoy MOST about being an appraiser?
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Housing Wire
FEBRUARY 2, 2021
A coalition of 33 state attorneys general filed a motion against PHH Mortgage and its predecessor Ocwen Loan Servicing for allegedly charging unlawful servicing fees to nearly one million borrowers. The attorney generals, co-led by New York’s Letitia James and Minnesota’s Keith Ellison, are opposing a proposed class action settlement that would permit PHH to profit from mortgage payment processing fees made by phone or online and would allow PHH to increase the fees for the remaining life of the
Cornerstone
FEBRUARY 2, 2021
Reading Time: 2 minutes Download the infographic here. Look forward to a lot less competition. Here’s an overview of why selling this winter may be smarter: Even after the buyer boom seen in 2020 , it continues: Buyer demand is outpacing the supply of available homes for sale, so homebuyers frequently compete to snatch up limited listings. Housing inventory is at an all-time low , sitting far below the 6-month supply required to support a healthy market.
Housing Wire
FEBRUARY 2, 2021
Old Republic International Corp. reported positive revenue for 2020, in large part because its title insurance arm made up for a decrease in general earned premiums. The Chicago-based company saw a total of $670 million in net income in 2020, excluding investment gains or losses, up 21% from $554 million in 2019. This growth stemmed from greater profitability in the general and title insurance segments.
BiggerPockets
FEBRUARY 2, 2021
When speaking with newcomers to the real estate investment world, there are a few pieces of advice I give over and over.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
BiggerPockets
FEBRUARY 2, 2021
Not many college students get their real estate license while in college, let alone during freshman year. Andres Bustamante did just that, becoming a leasing agent so he could cover […].
Housing Wire
FEBRUARY 2, 2021
Digital mortgage servicer Valon (formerly known as Peach Street ) announced on Tuesday it picked up $50 million in a Series A funding round spearheaded by venture capital heavyweight Andreessen Horowitz. Valon now boasts $53 million in total funding to date, and it is aiming its sights on industry giant Black Knight. Others participating in this round included previous investors Jefferies Financial Group , New Residential Investment and an affiliate of Fortress Investment Group.
BiggerPockets
FEBRUARY 2, 2021
Learn the strategy a Florida investor has been using to find deals, including buying a property for $95K and selling it for $209K in 4 months.
Housing Wire
FEBRUARY 2, 2021
Today’s HousingWire Daily focuses on the newly released HousingWire February magazine issue. In this episode, HW+ Managing Editor Brena Nath discusses what readers will find in this issue, which focuses on the unique challenges servicers face in 2021. HW Magazine is a part of the HW+ premium membership community. If you’re not a member yet, you can join here to get exclusive, in-depth articles, transcriptions of our podcast, free registration to HousingWire events, and more.
On Q Financial
FEBRUARY 2, 2021
The Department of Housing and Urban Development announced on January 19, 2021, that the FHA would once again back mortgages for DACA recipients. The announcement comes as great news as it will be the first time since 2019 that DACA recipients will be eligible for FHA loans. History of FHA Loans for DACA Recipients. Established in June of 2012, Deferred Action for Childhood Arrivals, or DACA, granted special protections for undocumented children who entered the country under the age of 16 and wer
Housing Wire
FEBRUARY 2, 2021
Ginnie Mae announced its first guarantee of a mortgage-backed security backed by digital pools, or pools of loans that consist entirely of eNotes. The MBS were loans closed by Rocket Mortgage in December, are issued as of Jan. 1, 2021 and have coupon rates ranging from 2.5% to 3.5%. The total principal value of the digital pools came to about $24 million.
Housing Wire
FEBRUARY 2, 2021
Housing startup Divvy Homes announced a $110 million Series C funding round – headlined by Tiger Global Management – bringing its total debt and equity raised since 2017 to more than $500 million. The Divvy Homes business model is aimed at boosting homeownership: Divvy purchases the home, then rents it back to the interested party for up to three years while they build their equity, credit, and savings.
Housing Wire
FEBRUARY 2, 2021
Despite an unrelenting COVID-19 virus and economic recession, U.S. homeownership rose in the fourth quarter of 2020 from the same period last year. And it’s reached a record high for white homeowners, but fallen for Black Americans. The overall homeownership rate in the fourth quarter of 2020 rose 0.7% above that of the fourth quarter of 2019, according to a new report from the U.S.
Housing Wire
FEBRUARY 2, 2021
The Biden administration has begun making plans to release $1.3 billion in aid that Puerto Rico can use to protect against future climate disasters, alongside the removal of various spending restrictions Housing and Urban Development originally put in place by the Trump administration following Hurricane Maria in 2017, the New York Times reported. According to administration officials, they intend to ease the limits that HUD, under the Trump administration, placed on $4.9 billion in aid on the m
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