Mon.Mar 29, 2021

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Forbearance falls below 5% for the first time in a year

Housing Wire

The U.S. forbearance rate is officially below 5% for the first time in a year. Servicers’ forbearance portfolio volume fell nine basis points last week to 4.96%, according to a survey from the Mortgage Bankers Association. Since October, the percentage of portfolio loans in forbearance hovered between 5% and 6%, the longest a percentage range had held since the survey’s beginning as continuous extensions gave homeowners more time to postpone payments.

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5 Fields to Add to Your Digital LOTO Forms

GoForrmz

Digital Lockout Tagout (LOTO) forms improve visibility into job site safety procedures and help to safeguard teams working with hazardous energy Clearly communicating LOTO procedures is critical when working with machines and equipment that could expose workers to hazardous energy. For example, teams working with wiring, wind turbines, or conveyer systems could all be exposed to hazardous situations if preventative steps are not carefully taken.

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Pandemic ushers in a new era of digital lending

Housing Wire

Amid this global pandemic, mortgage rates have been at historically low levels, borrower demand has increased, refis have broken records and lenders have had to shift in many instances to a remote workforce. In addition to moving to a remote workforce, most face-to-face interaction with borrowers has either not been allowed to occur, or the borrower’s willingness to meet has declined dramatically.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? The process of buying a new home may sound intimidating. With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Let's dive into all of the home buying resources you have when working for the government Our real estate company is based in the state capital of North Carolina, Raleigh.

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Keller Williams’ KWx announces new executive team

Housing Wire

KWx , the holding company of Keller Williams , announced on Monday several executive appointments. The announcement named Stacie Herron as KWx chief legal officer; Dave Smith as president of Keller Home Financial Services; TV Kumaresh as head of strategy planning and integration; and Paige Gorman as vice president of integration. These follow the appointment of Carl Liebert as chief executive officer in October 2020, who said Monday’s appointments provide Keller Williams agents with a R

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What Differentiates You From Other Agents?

McKissock

In real estate, especially in a crowded market, the key to success is setting yourself apart from your competition. And there are many ways in which to do this. You just have to know what sets you apart from other agents in your area. Last month (February), we asked our CE Plus members , “What differentiates you from other agents?” Here’s what they had to say.

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JLL announces global CEO

Valuation Review

JLL said Gilda Perez-Alvarado has been promoted to global CEO of its Hotels and Hospitality Group to succeed Mark Wynne-Smith, who will continue as global CEO of valuation advisory, the company announced. Read on to learn more.

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PHH hires Andy Peach to lead correspondent channel

Housing Wire

PHH Mortgage , a nonbank mortgage servicer, originator and subsidiary of Ocwen Financial Corp., named Andy Peach as the company’s senior vice president, correspondent lending on Monday. Peach will be responsible for leading PHH’s growing correspondent lending business and will report directly to George Henley, Ocwen’s chief growth officer. Prior to his recent move, Peach served as senior vice president, correspondent sales at Mr.

Lending 367
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Black Knight analysis suggests refinances to remain high

Valuation Review

The Data and Analytics division of Black Knight, Inc. released its latest Mortgage Monitor Report, based upon the company’s mortgage, real estate and public records datasets. The January report looks back on 2020 origination volumes as well as at rate lock data from Black Knight’s Secondary Marketing Technologies division to get a sense of how the market is faring as rates begin to rise.

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BiggerPockets Business Podcast 101: Acquiring a $1.5M Business with Only $10k Out of Pocket with Nigel Guisinger & Sean Ade

BiggerPockets

We buy and sell a lot of different assets like houses, stocks, and even bitcoin (sometimes). But what about buying and selling businesses? Business acquisitions can seem like an entirely […].

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National delinquency rate slightly higher in December

Valuation Review

The CoreLogic Loan Performance Insights report features an interactive view of the company’s mortgage performance analysis through December 2020. The report found a slight rise in the percentage from November regarding the national delinquency rate. Read on to learn more.

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BiggerPockets Money Podcast 183: Mini Millionaires: How to Set Up Your Children for Financial Independence with Rob Phelan

BiggerPockets

Those who are part of the FI or FIRE movement know how important it is to set yourself up on the right path in your youth. For parents, how do […].

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Fannie: Lenders’ profit outlook falls as mortgage rates, competition rise

Valuation Review

The share of mortgage lenders expecting profit margins to decline in the months ahead increased for the second consecutive quarter. There is an even greater share of lenders now expecting profit margins to decrease in the months ahead, according to Fannie Mae’s Q1 2021 Mortgage Lender Sentiment Survey. Read on to learn more from the survey.

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6 Ideas to Help You Maintain a Client Relationship in Real Estate

CA Realty Training

By Karen D. Friedman | 03.29.21. We all know that building great relationships is beneficial. They lead to deep and meaningful connections that create better friendships, stronger family ties, and can even help in business. At its core, real estate is the business of working with people. It’s important to know how to set up and maintain a good foundation with your clients.

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RAADR to settle debt with lender

Valuation Review

Technology and software development company RAADR, Inc. reached a settlement agreement with Typenex Co- Investment, LLC., the company announced. Read on to learn more.

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Better Live than Perfect: Growing Your Brand With Livestreaming

BiggerPockets

Livestreaming is a valuable marketing tool for real estate investors. Follow these tips to find more deals and grow your brand.

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NAR, Zillow sued

Valuation Review

An Austin, Texas real estate technology company has filed a federal antitrust complaint against Zillow and the National Association of Realtors. Read on to learn more.

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Will trillions in stimulus push mortgage rates over 5%?

Housing Wire

Whether we personally were infected by COVID-19 or not in the past year, we all suffered the pains of a sick economy as members of the American family. Now that the economy is on the verge of reopening, we can anticipate the release of pent-up demand for labor along with increased spending in specific sectors of our economy. Government disaster relief that kept the unemployed afloat last year will be with us for most of this year, too.

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Unlawful Restrictive Covenants

Appraiserblogs

What are racially restrictive covenants? Are racially restrictive covenants valid and enforceable? There has been considerable discussion about ‘bias’ applying to appraisals on forums, and elsewhere, since the Congressional hearing in 2019 where appraisers were blamed for racial bias by the rep from the Brookings Institute. That rep vilified appraisers as being the culprits in the lending process, which is mostly bogus.