Housing Wire

MARCH 1, 2021

Logan Mohtashami HousingWire Lead Analyst. When economic data that is typically sticky has a waterfall dive followed by a quick parabolic recovery, forecasting a trend can be tricky. The MBA purchase application data changed during our year of COVID-19. In a typical, non-pandemic year, the bulk of the volume of purchase applications occurs in the heat months for housing, those being the second week of January to the first week of May.

Housing Market 504

Housing Market Marketing 504

Midtown Appraisal Group

MARCH 1, 2021

Per-acre farm values in Canada have been rising more slowly than residential home prices (about 5% in 2019 vs 2018), but, like residential properties, values are largely dependent on regional locations and southern Ontario values can be as much as 35% higher than the provincial average. With as much of 75% of Canadians’ wealth tied […].

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Housing Wire

MARCH 1, 2021

After one month of steady declines, servicers’ forbearance portfolio volume rose one basis point last week to 5.23%, according to data released Monday by the Mortgage Bankers Association. The trade group pointed to a slowdown in exits coupled with an uptick in requests for last week’s increase. Once again, Fannie Mae and Freddie Mac boasted the smallest forbearance share with servicers’ portfolios remaining unchanged from the week prior at 2.97%.

Lending 454

Lending Mortgage Business 454

Yolo Solano Appraisal Blog

MARCH 1, 2021

This REAA Zoom class will be on Thursday, March 18 from 6:30-8:30 PM and is approved for 2 hours of continuing education in California (only). Brian Melsheimer and I will provide a walk through of using Microsoft Excel for residential appraisal analysis. Given the limitations of our time in the class, this will be a […].

Appraisal 78

Appraisal 78

Housing Wire

MARCH 1, 2021

The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. But make no mistake: They’re not your only option when buying or refinancing a home. In fact, they could actually cost you more (often significantly more) if used incorrectly.

Mortgage 427

Mortgage Loan Officers Real Estate Insurance 427

McKissock

MARCH 1, 2021

In 2002, when Dara Alperen Cipollone purchased her first home in East Boston, her real estate agent suggested she would be a great fit for residential sales. With a BS in Healthcare Systems Management from University of Connecticut’s School of Business and several years of experience dedicated to standardizing healthcare information, Dara took a leap to real estate.

Real Estate 90

Real Estate Clients Real Estate Agent Renovations 90

BiggerPockets

MARCH 1, 2021

If you’re thinking of getting into the flipping business, make sure you do your homework before you get started. The way you structure your house-flipping business should be different […].

Business 67

Business 67

Housing Wire

MARCH 1, 2021

The numbers are in: Compass lost $270 million in 2020, and the residential real estate brokerage generated $3.7 billion in revenue. Those numbers are from a statement Compass filed with the Securities and Exchange Commission on Monday afternoon, in which the brokerage proposed offering $500 million in class “A” common stock. For residential real estate professionals, Compass’s “S-1” – the financial disclosure statement a U.S. company must provide before trading on a Wall Street exchange – has be

Brokerage 417

Brokerage Marketing Real Estate Investors 417

BiggerPockets

MARCH 1, 2021

For landlords, a reliable tenant is worth their weight in gold. Here are the top reasons they move out—and how to fix the problems in advance.

Tenants 69

Tenants Landlords 69

Housing Wire

MARCH 1, 2021

At this point, you’re probably used to seeing Kelsey Ramírez ’s name in this spot. As the HousingWire magazine editor, she not only profiled and covered the top leaders and stories in the housing industry, but she also spearheaded the redesign of this magazine, taking the content and creative to a whole new level. For that, she deserves all the kudos, and I have some big shoes to fill.

Real Estate 401

Real Estate Buyers Mortgage 401

National Association of Realtors

MARCH 1, 2021

NAR focused on concerns related to risk in the valuation space, the role of technology, and discrimination in appraisals and other valuation products.

Appraisal 52

Appraisal Valuation Technology 52

Housing Wire

MARCH 1, 2021

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

Retail 395

Retail Lending Loan Officers Technology 395

Property Metrics

MARCH 1, 2021

A typical retail shopping center or mall works under a tried and true business plan. The owner and/or developer of the property works first to attract one or more “anchor” tenants and then surrounds them with a variety of smaller tenants who benefit from the traffic they create. Together, the anchor and their supporting tenants form a mutually beneficial “ecosystem” that works to deliver a pleasurable experience for all shoppers.

Tenants 50

Tenants Landlords Retail Legal 50

Housing Wire

MARCH 1, 2021

With low interest rates and a booming refinance market, it is natural that loan officers and brokers are focused on agency loans and also a thriving purchase market. However, with a futures rate curve that has recently been increasing, only so many loans qualify for refinancing, and this customer base will continually shrink as rates ascend. Getting experience now is the appropriate time for originators to consider expanding to non-QM products – not just to grow their business and diversity thei

Lending 395

Lending Clients Investors Loan Officers 395

Assurance Financial

MARCH 1, 2021

Ways to Save for a Down Payment. For many homebuyers, saving for a down payment can be a significant obstacle to homeownership. Depending on the type of loan, you may have to put down 20% to get the best rate. For a home that costs $250,000, a 20% down payment is $50,000. This amount can take years for a homebuyer to save up, leaving you trapped in rentals until you can finally scrape together enough.

Landlords 45

Landlords Insurance Mortgage Transportation 45

Housing Wire

MARCH 1, 2021

By late spring of 2020, the loan pipeline at Princeton Mortgage was full. And CEO Rich Weidel’s staff was absolutely slammed. He needed to scale up ­— and quickly ­— to manage record origination volume. Like most other lenders, Princeton, which operates in retail, wholesale and correspondent channels, fell back on the familiar strategy of hiring industry veterans to plug the gaps.

Mortgage 370

Mortgage Loan Officers Retail Business 370

BiggerPockets

MARCH 1, 2021

Rocky Lalvani came to the United States as a small child. Like many immigrants, Rocky’s parents arrived with a small amount of money, around $25. As hard workers, they were […].

Business 42

Business 42

Housing Wire

MARCH 1, 2021

Marc King’s latest Instagram post is a quote from Dr. Suess – “You have to be odd to be number one.”. But King’s elevation to Keller Williams president this week isn’t odd in one way – he’s a white man. King also replaces a white man, the abruptly departed Josh Team, and reports to another white man, Carl Liebert, the CEO of the brokerage’s holding company, KWx.

Agents 370

Agents Brokerage Technology Real Estate 370

Appraiserblogs

MARCH 1, 2021

Will the same states that do this for appraisers also mandate similar Fair Housing and Fair Lending courses for lenders, loan officers, mortgage bankers… Are you aware that US States are beginning to ‘require’ appraisers take required courses in how to treat people fairly, by requiring such a class for every license renewal period??

Law 113

Law Appraisal Loan Officers Real Estate 113

Housing Wire

MARCH 1, 2021

In this HousingWire Daily episode, HW+ Managing Editor Brena Nath covers the recent COVID-19 forbearance extensions. In February, U.S. Department of Housing and Urban Development announced that it had extended COVID-19 foreclosure and forbearance moratoriums for FHA and USDA loans to June 30, 2021. For the episode, Greg McBride, senior vice president and chief financial analyst for Bankrate.com , joins the podcast to share his insights on what the COVID-19 forbearance and foreclosure relief prog

Finance 370

Finance Development Mortgage 370

Assurance Financial

MARCH 1, 2021

Each time you make a payment on your mortgage, you gain equity in your home. The difference between your property’s value and the amount you still owe on your mortgage is your home equity. You may be able to use this equity to borrow money, but is it better to get a second mortgage or refinance? How do you determine which is the best option for you?

Mortgage 36

Mortgage Renovations Home Improvement Finance 36

Housing Wire

MARCH 1, 2021

We all have our own prominent COVID-19 memory from 2020. Mine was on Sunday, March 15. I sat at home that morning typing out an employee memo that effective immediately all team members would be expected to work from home and that the office would be closed to outside visitors until further notice. At the time, I thought this was a two-week precaution.

Clients 362

Clients 362

Housing Wire

MARCH 1, 2021

Let’s admit it. The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. That’s not a knock on the good professionals who enact minor miracles choreographing the multi-faceted ballet that is a typical closing. Blame it on the patchwork of regulatory requirements and sheer number of different parties who need to touch the transaction to get it done.

Marketing 351

Marketing Realtors HOA Technology 351

Housing Wire

MARCH 1, 2021

Federal Housing Finance Agency (FHFA) Director Mark Calabria announced on Monday that he has authorized the disbursement of $1.09 billion for Fannie Mae and Freddie Mac ‘s affordable housing allocations. This is the largest amount ever disbursed by the government sponsored enterprises, and more than double what was provided the prior year. Of the GSEs’ provided funds, $711 million will go to the U.S.

Development 475

Development Real Estate Finance Construction 475

Housing Wire

MARCH 1, 2021

Today’s U.S. housing market is leaving many prospective homebuyers priced out. Homes, on average, have become less affordable, and the ones that are affordable are in short supply. As a result, 55% of future homebuyers believe that homeownership is out of reach for them financially, according to recent Fannie Mae research. However, while affordability and supply constraints have weighed on many prospective homebuyers, homeownership education has the power to help people prepare for the home-buyi

Real Estate 407

Real Estate Mortgage Tools Housing Market 407