Housing Wire
FEBRUARY 10, 2021
Zillow entered a new corner of real estate Wednesday, announcing a definitive agreement to buy ShowingTime for $500 million. The splashy buy further situates Zillow as more than a website with pictures of homes for sale, but a competitor to real estate brokerages. The Seattle-based company announced in September Zillow Homes, a traditional brokerage business, hiring agents in Phoenix, Tuscon, and Atlanta.
BiggerPockets
FEBRUARY 10, 2021
Hearing Bryce Stewart’s story may sound familiar to long-time BiggerPockets Podcast listeners. That’s because Bryce was on Episode 276 where he gave the great metaphor “vacuuming out the truck” relating to real estate investments. […].
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Housing Wire
FEBRUARY 10, 2021
The seesaw nature of mortgage applications continued for the week ending Feb. 5, as applications decreased 4.1% from the prior week, according to the latest data from the Mortgage Bankers Association. Applications were up 8.5% the week ending Jan. 29 – breaking a two-week stretch of decreases – before falling again last week. Mortgage rates have increased in four of the six weeks of 2021, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting
BiggerPockets
FEBRUARY 10, 2021
With an inspection in hand, you actually know the condition of the property and major systems. This is the only reasonable time to negotiate.
Housing Wire
FEBRUARY 10, 2021
Lender Sierra Pacific Mortgage (SPM) announced Wednesday it will use CoreLogic’s collateral valuation platform in order to streamline future home appraisals. In a press release, SPM officials said the CoreLogic platform will increase underwriting capacity, while expediting the review process and enabling consistent and precise analysis of appraisal data.
BiggerPockets
FEBRUARY 10, 2021
For homeowners and investors, the mortgage interest tax deduction can be a big help. Learn about the rules, limits, and how to claim it.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
FEBRUARY 10, 2021
Zillow Group reported fourth quarter 2020 earnings of $789 million on Wednesday, easily beating Wall Street’s estimates. Despite what Zillow officials referred to as a “rough” first half of the year due to COVID-19’s impact on the economy, the $789 million represents a consolidated revenue growth of 22% from 2019. It also boasted $170 million in earnings before interest, taxes, depreciation and amortization (EBITDA) in the fourth quarter, above Wall Street’s estimat
Housing Wire
FEBRUARY 10, 2021
Freddie Mac announced Wednesday the creation of new leadership roles in order to address equity in housing in single- and multifamily housing businesses. Pamela Perry. Freddie Mac appointed Pamela Perry as vice president of single-family equitable housing, and Amanda Nunnink as vice president of equity in multifamily housing. Perry will lead a newly formed team responsible for creating solutions to help minority families across the income spectrum achieve homeownership.
Housing Wire
FEBRUARY 10, 2021
Freddie Mac announced Wednesday the creation of new leadership roles in order to address housing equality in single- and multifamily housing businesses. Pamela Perry. Freddie Mac appointed Pamela Perry as vice president of single-family equitable housing, and Amanda Nunnink as vice president of equity in multifamily housing. Perry will lead a newly formed team responsible for creating solutions to help minority families across the income spectrum achieve homeownership.
Housing Wire
FEBRUARY 10, 2021
A new presidential administration and a clarion call from the Consumer Financial Protection Bureau has transformed fair servicing from a seemingly remote risk into a front and center mandate. After the 2008 financial crisis, regulators enhanced long-standing fair lending examination guidelines to incorporate the concept of fair servicing. They began to scrutinize potential discriminatory loss mitigation and foreclosure practices and threatened to hold mortgage servicers accountable if such imper
Housing Wire
FEBRUARY 10, 2021
The Department of Justice on Tuesday withdrew HUD ’s appeal of the case postponing the agency’s 2020 Disparate Impact Rule that would have made it harder to bring discrimination claims under the Fair Housing Act. By withdrawing the appeal, the preliminary injunction under the case Massachusetts Fair Housing Center v. HUD will continue to delay implementation on the rule.
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