Housing Wire

FEBRUARY 26, 2021

As origination volumes hit record highs in 2020, Truework’s verification experts saw a spike in fraud, and expect that trend to continue this year. HousingWire recently spoke with Jeffrey Morelli, General Manager of Truework Verifier, about what lenders can do to prepare for and overcome the growing threat of fraud and data inaccuracy. HousingWire: As we head into 2021, what are some challenges you foresee for lenders regarding employment verification?

Lending 380

Lending Mortgage Business 380

Appraiserblogs

FEBRUARY 26, 2021

As I’ve chronicled in the Appraiserville section of my Housing Notes newsletter since 2016, the scale of Appraisal Institute bureaucratic self-dealing of the executive committee and some members of the AI Board of Directors is breathtaking. Over the past decade or more, AI National has been able to keep a lid on the membership backlash by threatening to remove a member’s credentials for speaking out.

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Sellers Appraisal 147

Housing Wire

FEBRUARY 26, 2021

HousingWire Lead Analyst Logan Mohtashami joins the HousingWire Daily podcast to talk about why low mortgage rates need to end. During the interview, HW+ Managing Editor Brena Nath interviews Mohtashami on his most recent article , “We need higher mortgage rates to cool the housing market.”. In his opinion piece, Mohtashami states, “For 2021, we need to root for a repeat of what happened in 2013-2014 and 2018-2019.

Mortgage 328

Mortgage Housing Market Marketing 328

Simonson Real Estate

FEBRUARY 26, 2021

Simonson Appraisals had a unique opportunity to do a deep dive in 2020 to develop an understanding of the impact of multiple factors affecting the Minneapolis apartment market. Our firm appraised a portfolio of apartment buildings in the Loring Park neighborhood in March 2020 two weeks after COVID-19 was announced as a global health pandemic. We provided additional services six months later in October 2020.

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Landlords Tenants Buyers Development 117

Housing Wire

FEBRUARY 26, 2021

Every month, Guaranteed Rate CEO Victor Ciardelli sits down and reads through story after story of people who are working to overcome extraordinary hardships and are in need of financial support, looking at ways the company can step in and provide help. . This is one of the final steps in the application process for the Guaranteed Rate Foundation, and it’s the part of the process that keeps the mission of the foundation close to home for Ciardelli.

Mortgage 304

Mortgage 304

BiggerPockets

FEBRUARY 26, 2021

This week’s question comes from Cory on the Real Estate Rookie Facebook Group. Cory is asking: Owner financing would buy me some time to get the property rented and cash […].

Finance 69

Finance Real Estate 69

McKissock

FEBRUARY 26, 2021

Is it time to take the next step in your appraisal career? A license upgrade can give you a much-needed advantage in the local market and offer you greater control over your fees and more stability in your work. Recent survey data shows that a higher license level means more money and more choices for the assignments you decide to take on. If you’re thinking about upgrading your appraisal license, why wait?

Appraisal 56

Appraisal Real Estate Development Marketing 56

Housing Wire

FEBRUARY 26, 2021

Tia Boatman Patterson. The California Housing Finance Agency announced Friday former executive director Tia Boatman Patterson will join the White House Office of Management and Budget as the associate director for housing, treasury and commerce in the new administration. Boatman Patterson began serving on the CalHFA’s board of directors in 2012 and was appointed as Executive Director just two years later by then-Gov.

Finance 271

Finance Construction Lending Investing 271

Annarbor Appraisal

FEBRUARY 26, 2021

A bit of color in some charts for your reading pleasure. This information is from the Ann Arbor Area Board of Realtors MLS run on a monthly basis, and includes all the Ann Arbor school district, single family detached housing only, no new construction or to be built, no condominium units. Data tracks from 1/1/19 forward and it includes several things that we watch as appraisers.

Realtors 78

Realtors Contracts Construction Marketing 78

Housing Wire

FEBRUARY 26, 2021

This HousingWire Daily podcast transcription features the first episode of Honest Conversations, a new miniseries that examines the state of minority homeownership. In this episode, Michael Neal , a senior research associate in the Housing Finance Policy Center at the Urban Institute discusses the history and data behind minority homeownership and housing discrimination.

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Finance Housing Market Marketing 218

Buys Brokers Only LLC

FEBRUARY 26, 2021

The Canton, Massachusetts real estate market saw relatively modest single-family home price gains in 2020, while condominium prices jumped double digits.

Real Estate 38

Real Estate Marketing Law Realtors 38

Housing Wire

FEBRUARY 26, 2021

Lisa Patterson, chief originations officer at Homepoint , will speak on a panel titled Operational Strategies in the Current Market at HousingWire’s Spring Summit on March 4. Patterson will be joined on the panel by Dave Vermillion , founder and CEO of Mortgage Champions , and Fred Bolstad , executive vice president of retail lending at U.S. Bank Home Mortgage.

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Design Retail Technology Lending 218

Housing Wire

FEBRUARY 26, 2021

From hurricanes and floods to earthquakes and wildfires, 2020 saw its fair share of natural disasters — and pretty damaging ones, too. According to tallies, damages clocked it at over $1 billion for at least 10 different events. If your area wasn’t hit by a major catastrophe last year, you got lucky. But it doesn’t mean you’re safe from harm. In fact, according to the latest Catastrophe Report from CoreLogic, nearly a third of all U.S. homes are at high risk for natural disaster damage. .

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Renovations Design Real Estate Insurance 279

Housing Wire

FEBRUARY 26, 2021

In Mississippi, single women on average paid 3.47% on a 30-year, conventional fixed-rate mortgage in 2019. But single men on average paid 3.37%, according to the latest HMDA data available. Over the lifespan of the mortgage, the single woman in this instance will have roughly $7,000 more in mortgage payments than the single man. Patrick Boyaggi, CEO and founder of Massachusetts-based lending startup OwnUp , says this issue hasn’t drawn enough attention in the mortgage space.

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Mortgage Lending Finance Business 503