Tue.Feb 09, 2021

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It’s still really difficult to get a mortgage, but getting easier

Housing Wire

Mortgage credit is still the tightest it has been in more than six years, but steady loosening in January revealed lenders are preparing for a rebounding economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index rose 2% to 124.6 last month, still hovering near levels previously seen in 2014, though it is the third month in the past four that credit availability has picked up as supply eases out.

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Zillow Gets Pillowed

Miller Samuel

I met Rich Barton, Zillow CEO , at an Inman/Curbed party held during an Inman conference in Manhattan a long time ago, the evening before Zillow’s launch. I asked Rich, a very nice and fascinating person, what he did for a living, not realizing he was the co-founder of Expedia. Ugh. He also said they were launching their latest effort the following morning – a web site called “Zillow,” and he added “as in rhymes with pillow” to the description.

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New program puts Black real estate agents at forefront

Housing Wire

The National Association of Real Estate Brokers has announced the creation of its “Black Real Estate Agent” program to provide financial, educational, and career support for aspiring Black real estate agents. HomeLight is partnering with NAREB in this venture with the goal of ultimately improving the rate of homeownership for Black Americans across the country, according to Antoine Thompson, NAREB national executive director.

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Rookie Podcast 51: 18 Deals in 2 Years AND a Full Time Job with Kevin Christensen

BiggerPockets

Real estate investors are very busy people, and often, rookie investors become busier than ever as they’re learning the tricks of the trade. Kevin Christensen is no different, he works […].

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The 4 biggest challenges of innovating in real estate

Housing Wire

Real estate is an attractive field for experienced and aspiring entrepreneurs alike. Many of them are determined to make an impact in industries that have yet to be significantly modernized by technology. The urge to innovate in real estate is only natural — any homebuyer or seller who is a creative problem-solver will notice glaring inefficiencies in the process.

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Using AI with CRE Data to Detect Key Factors for an Accurate Appraisal

Real Quantum

WEBINAR |Using AI with CRE Data to Detect Key Factors for an Accurate Appraisal. February 18, 2021 | 11:00 AM CST. DURATION: 1 HOUR. FORMAT: LIVE & INTERACTIVE. WATCH REPLAY. Find out how real estate asset managers, CMBS firms and real estate focused venture capital firms are using artificial intelligence with commercial real estate data. Learn how they gather more information, more efficiently and gain new insights.

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Here’s What $280 Trillion of Real Estate Looks Like

BiggerPockets

When visualizing the estimated value of global real estate, it becomes clear how much value resides in land, buildings, and infrastructure.

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Matterport to go public via SPAC in $3B deal

Housing Wire

Venture capital-backed real estate technology firm Matterport will merge with a blank-check company and go public in a deal that values the startup at $2.3 billion. Matterport, a spatial data firm that makes software for virtual property tours , will merge with a special purpose acquisition company (SPAC) led by billionaire investor Alec Gores. “We believe the proposed transaction with Gores Holdings VI unlocks the potential of our platform and accelerates our mission to make every building and

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RISMedia’s February Digital Magazine

McKissock

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.

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Should lenders look to non-QM when the refi boom slows?

Housing Wire

Last June, Angel Oak Mortgage Solutions was bracing itself for an influx of non-QM borrowers after the pandemic. Since then, there has been a healthy appetite for non-QM products. HousingWire recently sat down with Tom Hutchens, Angel Oak EVP of production , to talk more about the increased demand. HousingWire: We’ve seen multiple predictions of non-QM lending heating up in 2021.

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Fannie Mae Multifamily Financing Breaks Record in 2020

BiggerPockets

Fannie Mae provided more support than ever before to multifamily housing in 2020, reaching $76 billion in financing. .

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Vacation home demand soared in 2020

Housing Wire

Demand for second and vacation homes has risen 84% year over year – more than double the demand for a primary home, according to a new report from Redfin. That follows a startling trend of high vacation home demand, continuing an eight-month streak of more than 80% and includes a peak of 118% year-over-year in September 2020. Redfin Economist Taylor Marr said the popularity of vacation homes is indicative of the rise in remote work due to the coronavirus pandemic.

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365 days later: Homeowners are saving hundreds on their monthly mortgage

Cornerstone

Reading Time: 2 minutes. Mortgage rates have dropped over a full percentage point within the past year, hitting new lows 16 times. This is a strong driver toward homeownership: Today’s lower rates give consumers even more benefits. Let’s take a look at the top three: Downsize or move up. Low rates open up opportunities to sell and move into a new house, whether it’s bigger and better or smaller and located in a more desirable place.

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Real Estate Virtual Demo Day: Metro Brokers

Housing Wire

Metro Brokers – Craig McClelland. McClelland was a top Realtor before starting a small independent firm in Atlanta after his first year in the business. He grew the firm to 23 offices with 1,100 agent before selling the company at the end of 2007. McClelland joined Metro Brokers in April of 2008 as the Director of Strategic Growth. After successfully rolling in over 30 companies.

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From forbearance to post-forbearance: How to make the process effective

Housing Wire

Mortgage forbearance is still a reality for many borrowers and servicers, more than 10 months after the Coronavirus Aid, Relief and Economic Security Act (CARES Act) took effect last March. Under the CARES Act, mortgage servicers must offer up to 12 months of forbearance, in up to 180-day increments, to COVID-19-affected homeowners who have federally backed mortgage loans for one to four-unit family properties.

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2021 HW Rising Stars nominations are now open!

Housing Wire

Nominations for HousingWire’s 2021 Rising Stars opened today! HW Rising Stars are industry professionals under 40 who have become leaders in their respective fields of housing. Last year’s list of award recipients was made up of impressive leaders who are making waves in the housing industry. 2020 Rising Star Maggie Mae is Top of Mind Networks ‘ lead product manager, building and improving the capabilities of the company’s market-leading Surefire CRM.

Lending 361
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Mega Capital Funding returns to non-QM lending space

Housing Wire

Mega Capital Funding just became the latest company to re-enter the non-Qualified Mortgage space with the launch of several new product lines. Its new “Mega Elite” non-QM and debt service coverage ratio product lineup includes alternative income documentation products such as its three- and 12-month bank statement products, CPA and borrower prepared P&L and asset utilization, and its investment properties debt service coverage ratio with 1:1 and no ratio options.

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Real Estate Virtual Demo Day: Back At You

Housing Wire

Back At You. Power your entire back-office with the most comprehensive solution available in real estate. We cover the full scope of transaction management from document management, custom workflows, e-signatures, commissions, and reporting. Brokers can’t get enough of our reporting, and admins can’t believe how much time they save! #1. ACTIONABLE INSIGHTS: Be better informed with real-time data and reports for actionable insights. #2.

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Top Realtor Xio Sandoval to speak at Spring Summit

Housing Wire

The demand for real estate has grown to a frenzy in some areas of the country over the last year and succeeding in those competitive markets requires skill, experience and finding innovative ways to get deals done. That’s why we’ve invited Xio Sandoval, a top Century 21 Realtor, to speak at our Spring Summit on March 4. Sandoval will be on a panel titled Lessons from Local Markets where real estate agents from three of the nation’s hottest housing markets will discuss how they’re working with le

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FHFA extends forbearance policies for up to 15 months

Housing Wire

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to three months, the Federal Housing Finance Agency announced Tuesday. FHFA forbearance plans initially had a 12 month expiration date, however, the government entity is now allowing borrowers up to 15 months of coverage. According to the agency, eligibility for the extension is limited to borrowers who are on a COVID-19 forbearance plan as of Feb. 28, 2021.

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FHA’s homeownership mandate should cover all Americans

Housing Wire

The dawn of a new presidency draws fresh hope and promise for the direction of our country. Catalyzing this optimism for many is President Biden’s housing plan to address the racial wealth and homeownership gap in the U.S. While many Americans are encouraged by the recent executive order redressing our nation’s — and the federal government’s — historical discriminatory housing policies , it’s time we reflect on the racially biased policies for homeownership that brought us here in the first plac

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Real Estate Virtual Demo Day: Propertybase

Housing Wire

Propertybase. Propertybase Back Office, formerly known as BackAgent, combines real estate transaction management, compliance, and brokerage intranet into a single platform for streamlined productivity. The software is designed to empower brokerages to go paperless, digitalize an agent’s processes, improve collaboration for everyone involved and reduce brokerage liability. #1.

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Housing, civil rights groups ask Congress for $25B

Housing Wire

A large partnership of housing and civil rights organizations reached out on Monday to congressional leaders advocating for further relief for homeowners in the next COVID-19 stimulus package. The letter was signed by representatives of more than 350 housing and civil rights organizations, including American Bankers Association, Mortgage Bankers Association, National Association of Realtors, National Association of Home Builders and the Housing Policy Council , the NAACP, National Urban League,