Mon.Apr 19, 2021

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The housing market won’t crash in 2021. Here’s why

Housing Wire

A recent article published by CNBC showed that internet searches for the term “housing crash” had gone up 2,450% in the past month. A lot of folks are concerned about a housing market crash. They may be wishing for it, or they may be fearing that it will happen — but they are thinking about it. I understand the concern. A home is your shelter.

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Join Us At (Virtual) Field Service USA!

GoForrmz

We are excited to announce that next week (April 27-29) GoFormz will be sponsoring (virtual) Field Service USA – will we see you there? If you will be in attendance, be sure to schedule and attend a demo of the GoFormz mobile forms platform to get your free GoFormz ‘Fun Pack’ *. Be sure to drop in to our virtual booth and attend our digital roundtable featuring Goldwind USA!

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CFPB begins cracking down on mortgage servicers

Housing Wire

The Consumer Financial Protection Bureau (CFPB) is making good on its threats to police mortgage servicers. In late January, the agency released weeks a series of authority actions warning servicers that it needs to do right by consumers who need access to forbearance programs. According to a new report from Reuters, the government watchdog is already actively investigating several servicers.

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The Four Stages of the Real Estate Cycle — And What to Buy When for Stellar Returns

BiggerPockets

Real estate regularly goes through multi-year cycles of boom and bust periods. These cycles can be broken into four periods—but what investing strategies should you adopt during each step in the cycle?

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Forbearance volume dips down to 4.5%

Housing Wire

Servicers’ total number of loans in forbearance dropped for the seventh week in a row, down another 16 basis points last week to 4.5% of portfolio volume, according to the Mortgage Bankers Association. Following the massive decline the week prior, the share of loans in forbearance has dropped a total of 40 basis points in the last two weeks. Portfolio loans and private-label securities took the lion’s share of last week’s dip after falling 31 basis points to 8.34%.

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ASA opens Rising Star nominations

Valuation Review

The American Society of Appraisers (ASA) announced that nominations for the organization’s Rising Stars Award, which will be handed out at this year’s 2021 ASA International Appraisers Conference in Las Vegas, are officially open. Read on to find out how you can submit your nominations to the ASA.

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Nations Lending adds new California branch

Valuation Review

Nations Lending increased the size of its California footprint with a new branch in Walnut Creek. The branch will be led by Brian Paris, who comes to Nations from BluPrint Home Loans, a residential mortgage lender headquartered in Encinitas, Calif. Read on to learn more.

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Knox Financial announces $10 million in Series A funding

Housing Wire

Fintech company Knox Financial announced Monday a $10 million Series A funding round, led by G20 Ventures. That’s $14.7 million of total funding to-date for Knox. Other investors included Greycroft, Pillar VC, 2LVC, and Gaingels. Knox oversees a portfolio of more than $100 million in investment properties, and was named one of HousingWire’s 2021 Tech100 companies.

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Hilco Commercial Industrial hires managing director

Valuation Review

Thomas Greco, CEO of Hilco Commercial Industrial, announced Michelle Moreno has recently joined the Hilco’s corporate finance team as managing director. Read on to learn more.

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Keller Williams’ holding company names 3 execs

Housing Wire

Keller Williams Realty is revamping its leadership team yet again, announcing on Monday three senior hires to a recently created holding company. Carl Liebert, CEO of KWx – which formed in October as the holding company for Keller Williams, named Mark Foley as KWx’s first chief people officer and Stacie Shirley as its maiden chief financial officer.

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Zillow: Opportunity, emotion, trends behind home moves

Valuation Review

The pandemic brought changes that have caused more people to rethink their residencies, according to the 2021 Zillow Movers Report. People are more likely to move now with the constant changing real estate industry helping homeowners overcome emotional and logistical obstacles that can get in the way. Read on for more from Zillow.

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The jumbo market for brokers is back in a huge way

Housing Wire

With intense demand for homes on the higher end of the pricing spectrum, new updates to the QM rule that went into effect on March 1 and growing investor interest in jumbo mortgages – this is the perfect time for the broker community to support their clients with speed and ease. In response, Rocket Pro TPO introduced Jumbo Smart , a new QM jumbo product that is changing the game for brokers and their clients.

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‘Strange, unusual properties’ seem to find us, veteran appraiser says

Valuation Review

Valuation Review had a follow-up conversation with 50-year veteran appraiser Alexander “Sandy” Grice. He relayed more stories about his extensive career, more unusual properties to find a way to determine value for, and what he has always liked about appraising. Read on for more.

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Clear Capital unveils all-new ClearProp to provide an alternative way to value real estate

Clear Capital

Available today through a friendly interface, ClearProp is an interactive property valuation tool that enables quick and reliable assessment of nearly every property in the U.S. RENO, Nev. — April 20, 2021 — Clear Capital, a real estate valuation and analytics fintech leader, today announced its all-new ClearProp , a comprehensive property valuation and analytics tool with nationwide coverage that enables quick and accurate property value conclusions.

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Diversity, declining numbers still raise concerns

Valuation Review

There is no question that bias and diversity remain a focus within the appraisal profession, as is the declining number of appraisers. Valuation Review recently discussed these matters and others with Appraisal Institute (AI) President Rodman Schley. Read on for more of our follow-up conversation with the AI president.

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BiggerPockets Business Podcast 104: How Anyone, Anywhere, Can Start Buying Profitable Real Estate with Andrew Luong

BiggerPockets

It’s hard for real estate investors to get started, especially without a mentor, a background in real estate, or an existing network. Many of those interested in buying profitable, cash-flowing […].

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7 Powerful Tips to Up Your Listing Game From a Successful Listing Agent

CA Realty Training

By Bettina Siochi | 04.19.21. A common phrase in real estate is, “when you list, you last!” Depending on the market, a listing is almost guaranteed to sell. The only problem: getting the listings. So, how does one become a successful listing agent? What aspects help a listing agent’s longevity in the real estate industry? . Bryan Collins, also known as the Listing Guru, shares the process that has helped him become a successful listing agent. #1: This is What Makes Successful Lead Generation.

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Will a 1031 Exchange Help Grow Your Portfolio?

BiggerPockets

A 1031 exchange is one of the smart real estate investor's best strategies. But what is it—and when is it the best choice?

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Why isn’t mortgage industry alarmed by FHFA actions?

Housing Wire

There is a well-known analogy about a frog and a pot of water. If you drop a frog into a boiling pot of water, the frog will leap out. But if you drop a frog into a pot of cold water and turn the heat up slowly, the frog will boil. Personally, I think the frog is in trouble either way, but that is beside the point. In the period since Mark Calabria has been at the helm of the FHFA , there has been both a steady stream of GSE executive departures as well as a plethora of policies adverse to the h

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Passport Title integrates Qualia products

Housing Wire

Passport Title Services LLC will use Qualia as its new title production software, after officials announced the company invested in Qualia Core and Qualia Connect to aid clients. Headquarterd in Rockville, Maryland, Passport Title focuses on real estate settlement processing and title insurance agency management and support operations for attorneys, title agents and title agency owners.

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HUD releases $8.2 billion in relief funds for Puerto Rico

Housing Wire

Plans initiated by the Biden administration in February to release billions of dollars in aid to Puerto Rico are now coming to fruition with a revised distribution of $8.2 billion, according to a Monday release from the Department of House and Urban Development. HUD’s latest allocation is a substantial jump from the $1.3 billion in aid the administration originally intended for the U.S. territory to protect against future climate disasters.