Mon.May 03, 2021

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When will the Federal Reserve raise rates?

Housing Wire

I propose adding a new pastime to our gold standards of baseball, barbecues, and Thanksgiving dinner. This new pastime I call Fed-Watch or When Will the Fed Raise Rates? Since the financial crisis of 2008, this pastime has gained popularity to the point where this guessing game has become an obsession and started to drive some folks a little batty. Insanity and Gold Bugs go together like a horse and carriage, peanut butter and jelly and salt and pepper, or so I’ve been told. .

Mortgage 488
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10 Things to Know BEFORE Moving to Clayton NC: Living in Clayton

Raleigh Realty

Living in Clayton, North Carolina Moving to Clayton, NC? Here's what you need to know about living in Clayton Considered the 1 Place to Live in Johnston County, Clayton is one of the best places to live in North Carolina. Located close to Raleigh, living in Clayton will provide residents with a small suburban feel while having easy access to the hustle and bustle of city life in the state’s capital.

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Lenders, economists question first-time homebuyer bills

Housing Wire

While the first-time homebuyers welcomed news of a down payment assistance grant or tax credit, the mortgage industry and housing experts expressed deep skepticism. Two proposals under consideration in Congress aim to give first-time homebuyers a leg up by offering a grant at closing time, or a tax credit after the fact. Loan officers — who are monitoring the progress of both legislative efforts closely — aren’t in love with either of those options.

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What You Missed From BPInsights: Will the Housing Market Cool Off Soon?

BiggerPockets

It’s been a rough couple of months for anyone looking for deals—particularly on the MLS. People just haven’t been selling their houses. It makes sense that inventory is low. With […].

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Here are the 2021 HW Finance Leaders

Housing Wire

HousingWire’s Finance Leader award recognizes outstanding performers in the finance space. The 2021 winners demonstrated their worth in the crucible of 2020 — navigating through shut-down orders and liquidity concerns before pivoting quickly to respond to record-low interest rates. Those rates resulted in record-setting volume for real estate and mortgage companies, and a whole new set of challenges for their finance leaders.

Finance 393
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Not All Real Estate Agents Are Created Equal—It Matters Who You Choose

BiggerPockets

With such a low barrier to entry, far too many real estate agents enter the industry. Many try their best, but lack the experience to know what to do. Here's why experience matters—and what to look for.

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Greystone provides $28.4 million HUD-insured loan

Valuation Review

Greystone has provided a $28.4 million HUD-insured loan to refinance a 198-unit multifamily property in Pembroke Park, Fla., according to a press release. Read on to find out more information.

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Old Republic reports healthy 1Q revenue after rough 2020

Housing Wire

Title giant Old Republic saw massive first quarter 2021 gains , reporting a 40% year-over-year growth in title insurance premiums and fees. The company posted a total operating revenue of $2.3 billion for the first quarter 2021 — up from only $764 million in the first quarter of 2020. Income was reported at $502 million, a huge recovery from the first quarter of 2020 when Old Republic reported a loss of $605 million.

Insurance 382
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Clear Capital unveils alternative in valuing real estate

Valuation Review

Clear Capital recently launched its ClearProp platform which it said allows users to accurately and rapidly make data-backed property risk and investment decisions, the company announced in a release. Read on to learn more.

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FHFA finalizes rule on living wills for Fannie and Freddie

Housing Wire

The Federal Housing Finance Agency (FHFA) finalized a rule on Monday that will require Fannie Mae and Freddie Mac to develop plans that would ensure upon their eventual exit from conservatorship, they won’t do any large scale harm to the financial system. Should the FHFA be appointed receiver for the government-sponsored entities under the Housing and Economic Recovery act of 2008 (HERA), the so-called “living wills” would facilitate a “rapid and orderly resolution” from conser

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BBG announces appointments

Valuation Review

The commercial real estate firm BBG announced the promotions of two individuals to bolster the company’s services and growth. These appointments are key moves as the company moves forward. Read on to find out the identity of these individuals and hear from the company CEO.

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Doug Duncan to speak at Engage Marketing June 17

Housing Wire

Economists came into their own last year as their ability to model likely future scenarios and interpret the numbers were crucial to lenders surviving and thriving in the pandemic. That information is still critical this year, that’s why we’ve invited Doug Duncan , senior vice president and chief economist at Fannie Mae , to speak at HousingWire’s virtual Engage Marketing event on June 17.

Marketing 370
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CoreLogic shareholders approve acquisition

Valuation Review

CoreLogic recently said its shareholders voted to approve the company’s acquisition by funds managed by Stone Point Capital and Insight Partners for $80 per share in cash, according to a press release. The completion of the transaction remains subject to regulatory approval and customary closing conditions. Read on to hear more about this acquisition.

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Morning Routines for Success: Here’s How Entrepreneurs Start Their Day

BiggerPockets

So many people are always on the lookout to gain more skills, more tips, more ways to gather real estate knowledge. That’s great, but there is something more important than just skill sets: mindset.

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Chief valuation officer says the time is ‘now’ to sharpen skills

Valuation Review

Valuation Review reached out to Bradford Technologies Chief Valuation Officer Bill King. In King's article titled “Where have all the easy ones gone,” he shared his belief that the appraiser’s concern about losing work to automated valuation models is starting to become a reality. Read on to learn more of what King wrote in his article.

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Understanding the Personal Financial Statement

Property Metrics

More often than not, some portion of every commercial real estate transaction is financed with debt. Typically, that debt comes from a bank or non-bank lender who agrees to lend a certain amount of money in return for certain concessions from a borrower. For example, they will almost always require a 1st position mortgage on the property securing the loan and could require the borrower to agree to certain covenants around Debt Service Coverage or Loan to Value.

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Auto Draft

BiggerPockets

Deciding what’s important to you Is it unit count, cash flow, diversification, or any of the many other factors? For most real estate investors, this answer is very personal to […].

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How to Renew a Real Estate License in California

CA Realty Training

By Karen D. Friedman | 05.03.21. Did you know that your real estate license has to be renewed? . Same goes for newly licensed brokers out there too! You put in long hours of training and hard work to get your real estate license. So, let’s make sure you follow all the renewal steps to avoid a lapse. . While each state has their own requirements, we’re going to focus on real estate license renewal in California. .

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Mulches and Fire Danger

San Jose Real Estate

May Day is a celebration of spring, but “April showers” were few and far between and it’s already starting to feel like summer! With another record-breaking hot year and the Bay Area in severe to extreme drought conditions homeowners concerned about water use and fire prevention are turning to gardening and landscaping for the solution. […].

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The 10 Best Places for Buying a Vacation Home in Florida in 2021

Mashvisor

Investing in vacation rental properties is one of the best ways of making money and building wealth in real estate.

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Lawsuit claims Compass defrauds agents

Housing Wire

Compass defrauded its real estate agents out of millions of dollars in sales commissions and broke pledges to give agents shares of stock, according to a new lawsuit that seeks class-action status. Filed last week in California state courts, the lawsuit is the latest legal drama involving Compass, the New York City-headquartered residential brokerage.

Agents 393
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The Complete Guide to Buying a Home After College

Raleigh Realty

Buying a Home After College Are you a recent college graduate interested in buying a home? Even if the ink isn't dry on your diploma yet, taking on homeownership could be a good move. You can build equity and set yourself up for a bright financial future. You'll also gain a comfortable place to decompress at the end of the workday. But the benefits — and responsibilities — don't end there.

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Forbearance slides to 4.47% after a lackluster week of exits

Housing Wire

The total number of servicers’ loans in forbearance fell for the ninth straight week. However, due to a slowdown in exits, forbearance portfolio volume dipped just two basis points last week to an average of 4.47%, according to the Mortgage Bankers Association. Several investor types were down by just a single digit basis points, with Fannie Mae and Freddie Mac loans falling two points to 2.42%, while Ginnie Mae loans slid seven basis points to 6.02%.

Investors 455
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March Gains for Private Residential Spending

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.7% in March to a seasonally adjusted annual rate of $725.3 billion. Total private residential construction spending was 23.3% higher than a year ago. The monthly gains are largely attributed to the strong growth of spending on single-family and improvements.

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RedfinNow launches in Boston as local prices soar

Housing Wire

RedfinNow , the iBuying platform of Redfin , has launched in Boston — and not a minute too soon, as the New England-metro’s housing market reaches new heights. The company announced it is currently making offers on single-family properties built after 1900 in parts of Middlesex, Norfolk, and Plymouth counties. Jason Aleem, RedfinNow vice president, noted that Boston home prices grew by double-digits in March, but the area can be tricky for sellers who also need to buy. “We hope this

Buyers 393
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High-Rise Heirlooms Hauled to Harding Twp (Auction)- Ends May 26th

Magnusson Group

Coming Soon! Visit Sale View More Photos. The Magnusson Group is proud to offer you this single owner collection of carefully curated modern and traditional design. These items were collected by the family over many years at their high-rise in Cliffside Park, NJ with a discerning eye for class and lasting taste. Highlights include Philip & Kelvin LaVerne wall sculptures, Lalique crystal, Italian porcelain, MCM lighting and women’s designer accessories including Louis Vuitton and Chanel

Design 36
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FHA updates single-family policies

Valuation Review

The Federal Housing Administration recently announced updates to its Single-Family Handbook, which it said will strengthen loss-mitigation approaches for struggling borrowers while streamlining servicer requirements. Read on to learn more.

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