Housing Wire
JANUARY 7, 2021
2021 was supposed to be different. In the first days of the New Year, we have been dealing with a new strain of COVID, vaccinations aren’t going as planned and the political drama is hotter than ever. It was starting to seem like 2020 all over again. But it is different. On Jan. 5 the 10-year Treasury yield broke 1%, and on, Jan. 6, the 10-year remained above that line in the sand even with the storming of Capitol Hill.
Cleveland Appraisal Blog
JANUARY 7, 2021
Welcome to 2021! I hope you all are hanging in there and doing as well humanly possible. To start off the new year, I thought that I would tackle the topic of land. It can be easy to over-simplify value because value is not always as clear cut as it appears. For example, if a one-acre lot is selling for $10,000, does that mean that a two acre lot is worth $20,000?
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Housing Wire
JANUARY 7, 2021
For the second consecutive month , Fannie Mae’s Home Purchase Sentiment Index , a composite index designed to track the housing market and consumer confidence to sell or buy a home, dropped six points in December to 74. Year-over-year, the HPSI is down 17.7 points. Both the “good time to sell” and “good time to buy” components fell significantly as respondents overwhelmingly noted unfavorability of economic conditions, according to Fannie Mae Senior Vice President and Chi
The Robert Weiler Company
JANUARY 7, 2021
Are you searching for office space for lease in Columbus, Ohio? The region certainly has a lot to choose from, providing you understand the best methods for your search for office space. Once you find that dream office, though, you have to rely on your preparations and negotiating strategies to get the best lease price and terms of the space. You’re likely here because you want to learn some tactics.
Housing Wire
JANUARY 7, 2021
Knock has launched its Home Swap product in Jacksonville, Florida – the sixth location in the Sunshine State and 15th in the U.S. Before expanding to Jacksonville, Home Swap opened in the Miami, Fort Lauderdale and West Palm Beach, Florida markets in early December. During that time, the company said it had plans to expand into 21 markets by mid-2021.
Housing Wire
JANUARY 7, 2021
Acra Lending, one of the largest independent non-QM specialty finance lenders, has added to its suite of mortgage loan programs with the launch of its Jumbo Prime mortgage solution. Acra designed the program as an extension to its suite of programs for purchase or refinance of higher valued properties. “This specific program has been developed to meet the needs of customers in today’s environment and was launched to provide borrowers with the larger loan amounts they need to purchase or refinanc
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
JANUARY 7, 2021
Mortgage tech is already off to the races, with companies introducing new digital products early in 2021. Digital mortgage platformer Blend is back this week, announcing that they are furthering their Freddie Mac partnership by integrating the GSE’s automated underwriting system, Loan Product Advisor. With the integration, Blend will have access to the companies Dual AUS functionality – a product unveiled in 2018 with the ability to run an application through both systems and quickly
Housing Wire
JANUARY 7, 2021
The average U.S. mortgage rate for a 30-year fixed loan fell two basis points this week to 2.65% – the lowest rate in the Freddie Mac ’s Primary Mortgage Market Survey’s near 50-year history. This week’s mortgage rate broke the previous record set on Dec. 24. With this week’s record drop, there have now been 22 consecutive weeks when average mortgage rates have been below 3%, and this is the 17th time this year rates have broken a record.
Housing Wire
JANUARY 7, 2021
A taskforce established by the Consumer Financial Protection Bureau to examine the existing legal and regulatory environment facing consumers and financial services providers released its recommendations this week – a move that prompted conflicting reactions from the housing industry and consumer groups. The CFPB announced back in 2019 that it plans to “periodically” review its regulations and may amend or even abolish existing rules.
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