Wed.Feb 17, 2021

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Redfin joins Realtor.com in displaying flood data

Housing Wire

When Realtor.com became the first listing platform to display flood hazard data on properties, the lead economist for Redfin expressed caution about the unintended consequences of displaying such statistics. “We need to be very careful about how we provide information,” Taylor Marr, the lead economist at Redfin, told NPR at the time. “Could this actually reduce the value of this existing homeowner and essentially take away a lot of their net worth?”.

Insurance 493
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BiggerPockets Podcast 444: 150 Deals at Age 22 by Putting Relationships Over Profit with Cole Ruud-Johnson

BiggerPockets

It seems like young real estate investors get more and more impressive every week. Today we talk with Cole Ruud-Johnson, a wholesaler and flipper out of the Seattle area. The […].

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Hello 2021, goodbye credit reporting agencies?

Housing Wire

For those of us who have been in the mortgage industry for any length of time, we understand the complexities surrounding guidelines, the importance of staying up to date on key changes within the industry and how our communication to both our clients and partners is imperative in order to build and maintain relationships. In this regard, 2021 has not disappointed, as it has already been full of the stark reality that the changing of the guard within the White House hasn’t given us much insight

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How I Find Private Money Lenders to 100% Fund My Deals (& How You Can, Too)

BiggerPockets

Don't let a lack of funding hold you back from investing in real estate. Looking for money to buy deals? Consider private money lenders.

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Black mortgage applicants far more likely to be rejected

Housing Wire

Black homebuyers’ mortgage applications are 2.5 times as likely to be rejected as the submissions of white home shoppers. That’s one finding from a National Association of Realtor’s report released Wednesday that reveals glaring racial disparities in an otherwise rosy home market. The report – which culled data from the U.S. Census Bureau’s American Community Survey plus an NAR-conducted survey that 8,000 homebuyers took in 2019 and 2020 – shows that 10% of Black mortgage applicants were r

Mortgage 414
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How to Choose the Right Commercial Broker for Your Next Investment

BiggerPockets

Not every commercial real estate broker knows how to help investors succeed. Here are four questions to ask any potential agent.

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Things To Remember About Tax Appeals

Cleveland Appraisal Blog

As January rolls around each year, homeowners begin receiving their property tax bills. That’s why my tax appeal work often picks this time of the year. It should be no surprise that assessed home and land values are increasing. Property values have been increasing in many areas for years, with 2020 being a record year for home appreciation in many neighborhoods.

Appraisal 217
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FHFA releases 2021 scorecard for Fannie and Freddie

Housing Wire

The FHFA released its 2021 Scorecard for Fannie Mae , Freddie Mac and Common Securitization Solutions on Tuesday, adding new resolution planning requirements for the GSEs. The resolution planning requires each enterprise to begin developing a plan “to resolve its business in the event the Enterprise were to be placed in receivership, also known as a ‘living will.

Finance 404
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Haverhill, MA Home Prices Spike, Inventory Plummets in 2020

Buys Brokers Only LLC

Haverhill, Massachusetts single-family home prices rose double digits in 2020 and have skyrocketed over the past decade, according to data compiled by the Massachusetts Association of Realtors.

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@properties plucks Detroit shop as first franchisee

Housing Wire

Chicago’s @properties announced its first franchise location Tuesday – the Detroit shop formerly known as Alexander Real Estate. Alexander, now rebranded as @properties , is a four-year-old firm with 45 agents and $120 million in 2020 sales volume that has so far focused on downtown Detroit. Snapping up Alexander is part of a “national expansion plan,” said Chris Lim, president of growth at @Properties, with the Windy City brokerage eying a “half-dozen” franchise announcements in the coming year

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Why is Black homeownership declining?

Housing Wire

This HousingWire Daily podcast transcription features an interview with Monique Winston , vice president-national business development executive and chair of the diversity and inclusion council at WFG National Title Insurance Company. In this episode, Winston discusses her work at WFG and as an advocate for Black homeownership. Listen to the full episode here or below and make sure to subscribe to the podcast on iTunes.

Legal 232
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First American partners with loss mitigation provider

Housing Wire

First American Mortgage Solutions , a subsidiary of “Big Four” title insurer First American Financial , has executed a strategic tech integration with default and loss mitigation workflow provider BackInTheBlack. The integration allows First American Mortgage Solutions to automate loss mitigation title reports, uninsured property reports, loan modification and partial claim documents and lien priority insurance directly through BackInTheBlack’s calculators and workflow automati

Insurance 231
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Radian CTO Mark Wai to speak at Spring Summit

Housing Wire

Mark Wai, executive vice president and chief technology officer at Radian , will speak on the Mortgage Disruption Outlook panel at HousingWire’s Spring Summit on March 4. Wai has been building applications and working in technology for two decades. Before joining Radian, one of the country’s largest providers of mortgage insurance, risk services, real estate services and title services, Wai spent several years as an entrepreneur running two start-ups.

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These are the top 5 real estate podcasts

Housing Wire

Podcasts are the latest infotainment craze to take the American public by storm. With more than 850,000 active podcasts and nearly 31 million downloads in 2020 alone, podcasting has cemented itself as a true American pastime. As the popularity of this medium continues to grow, more and more housing industry professionals are becoming hosts and launching their own podcasts on topics ranging from real estate, fintech, and mortgage news.

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Americans’ mortgage debt increased to $10T in Q4

Housing Wire

Overall household debt increased by $206 billion in the fourth quarter of 2020 to $14.56 trillion, according to the Federal Reserve Bank of New York. The Fed said that increase was primarily driven by a dramatic increase in mortgage originations. Mortgage debt balances broached the $10 trillion mark in the fourth quarter, increasing by $182 billion from the third quarter to $10.04 trillion at the end of December, the Federal Reserve Bank of New York’s Center for Microeconomic Data said Wed

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