Tue.Jan 19, 2021

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Mortgage forbearance rate continues to drop

Housing Wire

The U.S. forbearance rate fell nine basis points last week to 5.37% of servicers’ portfolio volume, according to a survey from the Mortgage Bankers Association on Monday. While this decline may be the largest drop in forbearance share in the past nine weeks, it is only the second in that same time period – the first being on Dec. 14 when loans in forbearance fell six basis points to 5.48%.

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Tips for Achieving a Higher Value During a Home Appraisal

Appraisal Hub

There are many reasons to have a home appraised in Toronto. Most people do this before selling their property, while others may want to refinance their mortgage. Whatever the case, a home appraisal can either be beneficial or disadvantageous depending on how you go about it. How Does a Home Appraisal Service Work? Property appraisers (often from appraisal firms in Toronto) pay a visit to assess the value of your home based on its condition, appeal, and surroundings.

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Fannie Mae increases 2021 economic growth forecast

Housing Wire

Fannie Mae ‘s latest forecast projects economic growth to hit 5.3% in 2021, an increase of 0.8 percentage points from what the government-sponsored enterprise projected last month. The forecasted growth is significantly more than the revised numbers for 2020, which Fannie Mae projects will end up as a 2.7% contraction. The company said the economy will see an especially strong uptick in the spring months, with the expansion of COVID-19 vaccination efforts and the warmer with Fannie Mae inc

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Free Webinar Discusses Implications of New Real Estate Ethical Standards

McKissock

As the real estate industry continues to evolve and the National Association of REALTORS ® updates its ethics standards to be more aligned with today’s current environment, there are a lot of questions about what the actual changes are and the implications of those changes. Join a virtual panel of real estate experts as we explore the changes and trends in ethical standards and the implications of those changes.

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In defense of the individual real estate agent

Housing Wire

I saw a social media post recently by our local ‘mega-agent’ entitled: “Breaking News: Individual Real Estate agents added to Endangered Professions List!”. This post compares the individual real estate agent to “a tennis player using a wooden racket” or “a football player with a leather helmet.” The individual agent is on life support, it exclaims.

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How to Include a DCF Model in Realquantum with Rockport VAL

Real Quantum

WEBINAR |How to Include a DCF Model in Realquantum using Rockport VAL. January 27, 2021 | 11:00 AM CST. CATCH THE REPLAY. DURATION: 30 MINUTES. FORMAT: LIVE & INTERACTIVE. Agenda. Discounted cash flow analysis isn’t required in every appraisal, but when it is, the process for many appraisers is manual and tedious. In addition, data tends to be isolated in different locations.

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How to Contest a Bad Appraisal

AmeriMac

Selling or buying a house both require an appraisal to find the right cost of the property. Typically, the bank will order an independent appraisal to help ensure you loan your property’s true value. Now, if you’re refinancing your house, you’ll want the appraisal to be as high as possible. However, one thing homebuyers sometimes encounter is a low appraisal.

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FHFA extends foreclosure, eviction moratorium to February

Housing Wire

The Federal Housing Finance Agency announced Tuesday that Fannie Mae and Freddie Mac will once again extend moratoriums on single-family foreclosures and real estate owned evictions, this time until Feb. 28, 2021. “To keep our communities safe, and families in their homes during the COVID-19 pandemic, FHFA is extending Fannie Mae and Freddie Mac’s foreclosure and eviction moratorium,” FHFA Director Mark Calabria said.

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Here’s your housing forecast for 2021 [INFOGRAPHIC]

Cornerstone

Reading Time: 2 minutes. Download the infographic here. These are the highlights: The expert outlook on the 2021 housing market is optimistic. Mortgage rates are expected to stay low, and increased buyer demand is anticipated to spur more home sales and keep driving up housing prices. With such a competitive market, it’s smart to reach out to a local loan officer, prequalify early, and prepare to buy.

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CFPB exempts some credit unions from escrow regulations

Housing Wire

The Consumer Financial Protection Bureau announced Tuesday some insured depository institutions and insured credit unions will now be exempt from regulations to establish escrow accounts for some higher-priced mortgage loans. The final rule will take effect upon publication in the Federal Register, and will exempt the HPLM escrow requirement for any mortgage made by an insured depository institution or insured credit union and secured by a first lien on the principal dwelling of a consumer if al

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Yellen vows economic shakeup if confirmed for Treasury

Housing Wire

Ensuring Americans have a “competitive economy” will be Janet Yellen’s focus as the next U.S. Treasury Department secretary, she told lawmakers Tuesday at her confirmation hearing before a vote on her nomination. Both Republicans and Democrats have indicated they will approve Yellen’s Treasury Secretary nomination. “I think there will be a dual mission: helping Americans endure the final months of this pandemic, and keeping people safe while getting them back to wor

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