Housing Wire

FEBRUARY 8, 2021

Weeks before United Wholesale Mortgage (UWM) went public in a SPAC deal that valued the lender at $16.1 billion, its president and CEO Mat Ishbia said observers shouldn’t expect a different United Wholesale Mortgage or a different Mat. He proved it in his first earnings call. On Thursday morning, Ishbia, in his characteristic fast-talking bravado, bragged about the wholesaler’s position as the biggest purchase lender in the market, cautioned that they’ve prioritized the long ga

Technology 545

Technology Mortgage Investors Investing 545

Yolo Solano Appraisal Blog

FEBRUARY 8, 2021

Economist Timothy Taylor posted a discussion about hourly wages recently that had a section that sounded very familiar. Here’s the quote that caught my eye: “You will sometimes hear statistics people talk about a ‘composition effect,’ which just means that if you are comparing a group over time, you need to beware of the possibility […].

Appraisal 130

Appraisal 130

Housing Wire

FEBRUARY 8, 2021

In 2021, a lingering symptom of the economic sickness we suffered in 2020 is forbearance. Not the forbearance plans themselves, which allowed mortgage holders to delay their payments for many months, but the fact that 2.72 million homes remain in forbearance and can therefore be considered at risk. Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing?

Housing Market 544

Housing Market Marketing Government Real Estate Agent 544

McKissock

FEBRUARY 8, 2021

A real estate blog is one of the best ways to market your real estate business. Your blog not only helps build your brand and credibility as a real estate pro, but it also helps you attract new prospects. And the ideas for content creation are endless. To get you started, here are some of our favorite sources for generating real estate blog ideas. 1.

Real Estate 87

Real Estate Tools Real Estate Agent Agents 87

Housing Wire

FEBRUARY 8, 2021

The U.S forbearance rate is falling, though not as quickly as it once was. Data released on Monday by the Mortgage Bankers Association showed that the share of servicers’ portfolio volume in forbearance fell 3 basis points to 5.35% last week. For the third month in a row, the MBA estimated 2.7 million homeowners are in some form of forbearance, and for almost four months now, forbearance portfolio volume has hovered between 5% and 6% — the longest a percentage range has held since the surv

Real Estate Agent 487

Real Estate Agent Real Estate Inventory Investors 487

On Q Financial

FEBRUARY 8, 2021

If you caught The Kelly Clarkson Show on February 8th, you heard a bit about the O’Brien family and their story. We are honored to have been a part of the family’s recovery! The Kelly Clarkson Show & On Q Financial. When we heard about the O’Briens’ story, we knew we had to be a part of their recovery. That’s why we’re glad to have partnered with the Kelly Clarkson Show to assist this family with their rebuild!

Mortgage 69

Mortgage 69

BiggerPockets

FEBRUARY 8, 2021

Gamestop recently demonstrated how easily the stock market can be manipulated. Don't want to risk your investments? Try real estate instead.

Real Estate 69

Real Estate Investing Marketing 69

Housing Wire

FEBRUARY 8, 2021

The commission gobbled up by a homebuyer’s real estate agent will now be posted on Redfin’s listings. The home listings aggregator announced Monday that they have made public the buyer’s agent brokerage fee on 700,000 listings spread across 65 Multiple Listings Services, which are the National Association of Realtor -created databases of homes for sale that Redfin (and Zillow and other home listings websites) take their information from.

Agents 447

Agents Real Estate Agent Real Estate Sellers 447

BiggerPockets

FEBRUARY 8, 2021

If you want to be a successful agent, you must learn to harness the power of motivation and make it serve you. Here's how.

Real Estate Agent 69

Real Estate Agent Agents Real Estate 69

Housing Wire

FEBRUARY 8, 2021

Excelerate Capital, a multi-state full-service wholesale, retail and residential mortgage banker, announced today the successful completion of its acquisition of Castle Mortgage Corporation. . Headquartered in Newport Beach, California, Excelerate Capital was an early adopter of non-QM lending following the advent of the Ability-To-Repay (ATR) rule in 2014.

Mortgage 395

Mortgage Retail Lending Finance 395

BiggerPockets

FEBRUARY 8, 2021

What does humor and business have in common? At first glance, not much, but after digging a little deeper, there’s quite a lot that humor can teach us about business. […].

Business 36

Business 36

Housing Wire

FEBRUARY 8, 2021

HousingWire ‘s Lead Analyst Logan Mohtashami will discuss which elements and constituents are moving the economic market this year at HousingWire’s Spring Summit on March 4. This is a topic Mohtashami is an expert on — the data analyst and financial writer has been an invited speaker at events held by AmeriCatlyst, the California Association Of Realtors and the National Association Of Women In Real Estate Business , as well as other economic conferences.

Real Estate 383

Real Estate Housing Market Technology Valuation 383

REX Real Estate

FEBRUARY 8, 2021

How many hours do you spend in your kitchen every day?

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Housing Wire

FEBRUARY 8, 2021

Following two months of steady declines, Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, rose in January. The HSPI rose 3.7 points last month to 77.7. Though it’s undoubtedly a positive sign, the HPSI has yet to recover to pre-pandemic levels and is still down 15.3 points year over year.

Housing Market 545

Housing Market Marketing Mortgage Design 545

Housing Wire

FEBRUARY 8, 2021

Nobody wants to turn business away. But during last year’s record refi volume, some lenders found themselves limited by their own capacity – or that of their warehouse lines of credit. To avoid turning away business, lenders had to get creative about clawing back capacity, and many found it in an unexpected place: their eClosing solutions. More opportunity than lenders could chew.

Agents 406

Agents Investors Business Mortgage 406

Housing Wire

FEBRUARY 8, 2021

U.S. Department of the Treasury Secretary Janet Yellen said if President Joe Biden’s $1.9 trillion COVID-19 stimulus bill is passed, the economy could return to full employment as soon as 2022. “There’s absolutely no reason why we should suffer through a long slow recovery,” Yellen said during an interview on CNN’s State of the Union. “I would expect that if this package is passed that we would get back to full employment next year.”.

Landlords 383

Landlords Retail Real Estate Business 383

Housing Wire

FEBRUARY 8, 2021

Two more Texas-based real estate agents have been arrested for their alleged roles in the Jan. 6 riots at the U.S. Capitol after they turned themselves in to authorities last week. Real estate agents Jason Lee Hyland, 37, of Frisco, Texas, and Katherine Schwab, 32, of Colleyville, Texas, were charged Thursday with entering or remaining in a restricted building without lawful authority and disorderly conduct on Capitol grounds.

Real Estate Agent 437

Real Estate Agent Real Estate Agents Realtors 437

Housing Wire

FEBRUARY 8, 2021

Roughly 5 million households did not make their rent or mortgage payments in December, and 3.5 million renters and homeowners feel at risk of losing their home, according to new research from the Mortgage Bankers Association. There are some bright spots, however. The 5 million households who missed a payment in December was down from the 6 million households in September.

Mortgage 454

Mortgage Landlords Inspection Government 454

Housing Wire

FEBRUARY 8, 2021

The Senate Committee on Banking, Housing and Urban Affairs confirmed Marcia Fudge as the next secretary of the U.S. Department of Housing and Urban Development in a bipartisan vote, sending her nomination to the full Senate. The vote passed 17 to seven with all 12 of the committee’s Democrats and five Republicans voting to advance Fudge’s nomination.

Law 417

Law Development Investors Housing Market 417