Housing Wire

JANUARY 15, 2021

Fresh off a SPAC merger and public offering that loaded the company with roughly $200 million in fresh capital, proptech firm Porch made four acquisitions this week, notably investing $100 million in an insurtech company. Porch, led by CEO Matt Ehrlichman, acquired home insurance company Homeowners of America , mover marketing and data firm V12 , home inspection company Palm-Tech and roofing contractor software company iRoofing.

Insurance 354

Insurance Logistics Technology Inspection 354

JMV Lending

JANUARY 15, 2021

APPRAISALS COMING IN UNDER CONTRACT PRICE B/C MARKET’S SO HOT We are seeing appraisals come in under contract price more frequently than normal again b/c the market is so hot and buyers are bidding so aggressively. This is not b/c our appraisers are not trying to support contract price; it is b/c appraisers simply lack […]. The post Appraisers Can’t Ignore Low Comparable Sales; Agents Should Not Either appeared first on JVM Lending.

Agents 127

Agents Appraisal Contracts Lending 127

Housing Wire

JANUARY 15, 2021

HousingWire’s people mover section covers the latest hiring announcements in the real estate and mortgage industry. Kicking off this week’s leadership announcements, Cherry Creek Mortgage changed its structure and ownership. Through the restructuring, the company stated that it is 100% owned by the family of its co-founder, Jeffrey May, and announced the introduction of a new parent company of Cherry Creek Mortgage and other affiliated businesses, Cherry Creek Holdings , which May will serve as

Human Resources 372

Human Resources Mortgage Finance Insurance 372

McKissock

JANUARY 15, 2021

To achieve your goals as an appraiser or small business owner, you’re going to need to stay motivated. What business goals do you plan to pursue this year? What appraisal skills do you want to focus on improving? We’ve curated a collection of motivational quotes to help you keep your eye on the prize as you work to grow your appraisal business.

Business 72

Business Appraisal Design Marketing 72

Housing Wire

JANUARY 15, 2021

Wells Fargo , the second-biggest mortgage lender in the nation, continued to cede market share to nonbank rivals in the fourth quarter of 2020. The lender originated $53.94 billion in the fourth quarter, a 12.5% decline from the prior quarter , when the bank originated $61.6 billion in mortgages. It also represents a not-insignificant decline from the $59.8 billion the San Francisco-based bank originated in the fourth quarter of 2019.

Mortgage 336

Mortgage Marketing Retail Business 336

National Association of Realtors

JANUARY 15, 2021

In this issue: December Commercial Market Insights Report, Creating Valuations Amid Uncertainty, How Commercial Markets Faired in 2020, & more.

Valuation 32

Valuation Marketing 32

DataMaster

JANUARY 15, 2021

Sold! It’s a seller’s market! Appraising in 2021. How will it fare? Everyone agrees that 2020 was a highly unusual year in many ways. The real estate market defied expectations and flourished when many other industries struggled. Many industry cohorts wonder if housing sales and refinancing will continue to surprise this year! We wonder, will appraisers stay as busy as ever?

Appraisal 147

Appraisal Construction Business Real Estate 147

Housing Wire

JANUARY 15, 2021

Mike Cagney, SoFi. SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. The warehouse facility will allow the company, a subsidiary of Figure Technologies , to originate conventional loans as well as jumbo loans , the company said in a statement Wednesday.

Lending 260

Lending Technology Finance Insurance 260

Housing Wire

JANUARY 15, 2021

Nine days after participating in the riot at the U.S. Capitol, federal criminal charges were filed against Frisco, Texas-based Realtor and broker Jenna Ryan. Ryan is charged with “knowingly entering or remaining in any restricted building or grounds without lawful authority” and “disorderly conduct on Capitol grounds,” according to the federal criminal complaint made public on Friday.

Realtors 545

Realtors Real Estate Agent Law Real Estate 545

Housing Wire

JANUARY 15, 2021

As the Biden/Harris administration takes office, it faces many crises and challenges – including bridging the partisan divide, ramping up vaccines to end the COVID-19 crisis, jump-starting the economy, and facing huge budget deficits at a time when many believe we need to spend more to help the economy. From my perspective as the owner of a small independent mortgage banker, the Biden administration should not ignore another important priority – maintaining access to mortgage credit, particularl

Mortgage 241

Mortgage Training Insurance Construction 241

Housing Wire

JANUARY 15, 2021

The U.S. Department of the Treasury and the Federal Housing Finance Association issued a joint statement Thursday announcing they will not restructure the taxpayers’ stake in Fannie Mae and Freddie Mac. In other words, the government-sponsored enterprises (GSEs) will not be exiting conservatorship under the current administration. In a statement establishing an agreement for ongoing efforts to remove the GSEs from conservatorship, the Treasury established that there would be no exit with less th

Finance 496

Finance Government Realtors Mortgage 496

Housing Wire

JANUARY 15, 2021

The Federal Housing Finance Agency and the U.S. Department of the Treasury announced an agreement Thursday that would allow Fannie Mae and Freddie Mac to retain more of their earnings, but now the FHFA is saying this money alone will not be enough to remove the mortgage giants from conservatorship. “Today’s agreement that allows Fannie Mae and Freddie Mac to continue retaining earnings is a step in the right direction, but more hard work remains,” FHFA Director Mark Calabria told HousingWire.

Finance 219

Finance Investors Housing Market Insurance 219

Housing Wire

JANUARY 15, 2021

President-elect Joe Biden’s $1.9 trillion financial plan, unveiled Thursday as the American Rescue Plan, includes a call for extending the national moratorium on evictions and foreclosures until Sept. 30, while also setting aside funds to provide legal assistance to households facing foreclosure or eviction. Biden is also calling for an additional $30 billion in funding for emergency rental, energy and water assistance for hard-hit households, plus $5 billion in emergency assistance to peo

Construction 496

Construction Landlords Legal Investing 496