Mon.Apr 12, 2021

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Ginnie Mae loans lead drop in forbearance to 4.66%

Housing Wire

Servicers’ total number of loans in forbearance fell a whopping 24 basis points to 4.66% of portfolio volume during the first full week of April, according to a survey from the Mortgage Bankers Association – one of the biggest drops in the history of the series. Ginnie Mae loans in particular dipped a massive 45 bps to 6.33% while Fannie Mae and Freddie Mac’s forbearance share shrunk even smaller last week, down to 2.52% – a 20 bps improvement.

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6 Fields & Features to Add To Your Digital Manufacturing Contracts

GoForrmz

Augment your manufacturing contracts with these powerful fields and features Digital form fields and features can significantly improve the completeness and professionalism of your manufacturing contracts and service agreements. Your manufacturing forms can be easily digitized for use on phones, tablets, and computers, making it easy to generate and dispatch forms from any location.

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Stewart Title acquires New Mexico-based company

Housing Wire

Add another company to the Stewart Title family tree. The title and closing giant announced last week the acquisition of Prima Title, LLC , a Santa Fe, New Mexico-based company, to its Southwest portfolio. The move comes on the heels of Stewart’s acquisition of A.S.K. Services , a title and search support servicer, in March. Ryan Swed, Stewart Title senior vice president, said that the addition of Prima Title fits its larger strategy of overall strengthening their foothold in markets in So

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Appraisal Waivers Explosion

Appraiserblogs

For all the talk about how important appraisers are to risk management by the GSEs, we really aren’t. There is a compelling blog post using AEI data by Ryan Lundquist over at Sacramento Appraiser Blog. Appraisal waivers have really exploded in recent years – especially during the pandemic. But how many are there exactly? Let’s look at actual numbers to walk away with some perspective.

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Credit Plus integrates with LendingWise

Housing Wire

Business credit report provider Credit Plus announced last week it has integrated with LendingWise , an LOS-software platform serving commercial lending. The move establishes Credit Plus in the commercial and private money lending spaces. “In today’s market, efficiency is everything and this new integration makes it much easier for lenders using the LendingWise platform to get new deals into their pipeline faster,” said Greg Holmes, Credit Plus CEO and president.

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Here’s What $27 Trillion In Debt Looks Like

BiggerPockets

The United States is awash in debt—trillions of dollars of debt, in fact. But understanding the sheer scope of that debt is difficult. Here are some charts to help you visualize.

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10 Tips on How to Study for the Real Estate Exam and Pass on Your First Try!

CA Realty Training

By Bettina Siochi | 04.12.21. 150 questions, 3 hours, at least a 70%? You got this! The real estate exam is the last step needed to get your real estate license and become an agent. If you’re putting pressure on yourself to perform, then it’s time to ease up the gas and apply these tips to help you study smarter and better. From creating a schedule to mastering your mental game, these study tips will help you feel confident and ready for the real estate state exam. .

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Existing-home sales decline

Valuation Review

Existing-home sales declined in February, following two prior months of gains, according to a new report from the National Association of Realtors (NAR). Read on for more numbers from NAR.

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7 Clever Buy and Hold Investment Property Loan Ideas

BiggerPockets

Want to get into buy and hold investing, but not sure how to finance it? Here's a list of investment property loan ideas. Start growing your empire today!

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TAF president outlines new edition of USPAP course for appraisers

Valuation Review

The 7-hour National USPAP Update Course will continue to provide appraisers with the necessary education and training to thrive within the profession. Valuation Review caught up with The Appraisal Foundation President David Bunton, who shared more insight on this with us, as well as other matters of importance to appraisers. Read on to find out more.

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The growing support for female mortgage executives

Housing Wire

After speaking with several other female mortgage executives in celebration of International Women’s Day, I wanted to take the opportunity to highlight a few women leaders who are making waves. I asked them their thoughts on “the growing surge of support for women in the industry,” and am honored to share their voices. Susan Stewart , CEO at SWBC Mortgage Corporation , is the current Chair of the Mortgage Bankers Association.

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AI president ‘proud’ of appraiser adaptability

Valuation Review

Valuation Review caught up with Appraisal Institute (AI) President Rodman Schley, who gave much praise to the work AI has done during these difficult times of a pandemic. He also shared his thoughts on future technologies appraisers can utilize to enhance the profession. Read on for more of our conversation with Schley.

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6 Times When You May Need a Real Estate Appraisal

East Coast Appraisal

Real estate is one of the biggest investments made by either a business owner or a homeowner. This means that appraisals are a vital part of the puzzle. But when should you seek out an appraisal and why? Here are six of the most important times to do so. 1. Buying a House or Building. Certainly, the most common time to get an appraisal is when you buy property.

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Gridiron Capital acquires Class Valuation

Valuation Review

Gridiron Capital, LLC said it has acquired Class Valuation. Gridiron Capital said it will partner with and support Class Valuation’s management team as they continue to execute on a shared vision for growth and strategic innovation within the residential valuation services industry. Read on to learn more about this key industry acquisition.

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RISMedia’s April Digital Magazine

McKissock

At McKissock Learning, we want our customers to have all the resources they need to be successful in real estate. That’s why we’ve teamed up with RISMedia , the leading provider of the most relevant and up-to-date information related to the residential real estate market. As their Strategic Education Partner, we are able to give our customers free access to the digital edition of the RISMedia monthly magazine.

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HUD commemorates fair housing

Valuation Review

The U.S. Department of Housing and Urban Development (HUD) recently kicked off Fair Housing Month 2021. Read on for more information.

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What Is a Foreclosure and How Does it Work?

Quicken Loans

It can be hard to pass up a good deal, especially when it’s on a large purchase like a home. That’s why many home buyers turn to foreclosed homes in hopes of getting more space in a better area and with a much lower price tag. Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. During that time, more than five million homes went into foreclosure and home buyers could often purchase them at more than half off the original price in man

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BiggerPockets Business Podcast 103: Are You Seen as Credible in A Customer’s Eye? with Mitchell Levy

BiggerPockets

What does it mean to be credible? Are you showing up and providing for your customers, your partners, and the world as a whole? These are questions that today’s guest, […].

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Should government help create housing market supply?

Housing Wire

If demographics are economics, and we accept that in the years 2020 to 2024 the U.S. will have the best housing demographics in history , then it follows that home prices could take off in an unhealthy way. In 2021, we already have the unhealthiest housing market — in terms of low housing market supply and multiple bids for each sale — than we have had in the last 10 years.

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Will 2021 Be a Great Year for Short-Term Rentals?

BiggerPockets

The travel industry took a beating in 2020. Many owners of short-term rental properties were concerned the damage to the tourism industry would extend to them. Without bookings, many small- to medium-sized investors would face ongoing expenses without any revenue. Luckily, the worst did not materialize.

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Fannie Mae exec Andrew Peters leaves for Lenderworks

Housing Wire

National mortgage services provider Lenderworks has brought on Fannie Mae ‘s head of single-family strategy Andrew Peters as president, the company said Monday. Peters served as a strategy consultant for the government sponsored enterprise before rising to the position of vice president, head of single family strategy for nearly two years. The bulk of Peters’ 25 years of experience in the field took place at First Guaranty Mortgage Company , where he began as an underwriting manager

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Biden’s $1.5 trillion budget calls for big investment in HUD

Housing Wire

President Joe Biden’s $1.5 trillion discretionary funding request includes a 15% budget increase for the Department of Housing and Urban Development (HUD) to combat homelessness, retrofit rental housing and increase the supply of affordable housing. But housing industry insiders tell HousingWire that the proposed budget looks unlikely to be passed as currently configured.

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