Housing Wire
DECEMBER 11, 2020
2020 was a truly unprecedented year. With it behind us, let’s look ahead at several housing market trends that are likely in 2021 and beyond. First, exceptionally low mortgage rates are likely to be around for an extended period. The Federal Reserve is expected to continue an accommodative monetary policy and keep the federal funds target below 0.25% through 2022.
Glascock Company
DECEMBER 11, 2020
If you are looking to sell your property, you’ve probably wondered whether to list it for sale by owner (FSBO) or through a realtor. While there are plenty of benefits to both, there is one alternative that could flip the sale faster and without much stress on you as the seller. Auctions are one of the most expedient ways to sell real estate (both commercial and residential) while still allowing the seller to maintain total control over the transaction.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
DECEMBER 11, 2020
Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. The flexibilities surrounding verbal verification of employment and appraisals were originally set to expire on Dec. 31, 2020, however Fannie Mae is now pushing that back to at least Jan. 31, 2021. “We are extending the temporary flexibilities related to verbal verifications of employment and power of attorney to loans with application dates on or before Jan. 31, 2021 fr
McKissock
DECEMBER 11, 2020
When real estate agents provide relevant comparable sales to appraisers, it certainly benefits both parties. Agents can ensure that appraisers are reviewing comparables that match their properties and, hopefully, meet the seller’s desired price. Additionally, while appraisers still must verify the information, it can save them time. Here are some dos and don’ts to follow as agents and appraisers work together on establishing comps for appraisal properties.
Housing Wire
DECEMBER 11, 2020
With the COVID-19 pandemic forcing people to work remotely , downsize, or employ alternative money-saving techniques, the flexibility of a tiny home has never been more attractive to consumers. A survey of 2,000 consumers by finance company IPX 1031 , released in December, found that 56% of Americans say they would live in a tiny home and 86% of first-time homebuyers would consider one for their first home. .
Housing Wire
DECEMBER 11, 2020
The Consumer Financial Protection Bureau on Thursday issued its final rulings on qualifying mortgages, claiming the new rules will support a “smooth and orderly transition” away from the “QM Patch , “ and also expand access to credit. One of the two rules the bureau implemented finalizes a June decision to establish a pricing threshold that effectively replaces the current debt-to-income limit of 43%, which some lenders and investors have called too restrictive.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
DECEMBER 11, 2020
This week’s people mover announcements features another addition for Offerpad ‘s executive team, with Steve Johnson stepping into the role of chief operating officer. The recent string of executive-level hires is part of a company focus to prepare for growth through the end of this year and into 2021. Johnson joins the executive team from global finance company MSCI , where he served as managing director and president of InvestorForce.
Housing Wire
DECEMBER 11, 2020
OJO Select Network. The OJO Select Network, OJO Labs’ newly-launched exclusive referral network for top-producing agents, helps grow your business by providing introductions to homebuyers and sellers who are ready to speak with an agent. All referrals are screened to ensure quality, and OJO’s team facilitates warm introductions and provides support to both the homebuyer and agent from introduction to close. #1.
Housing Wire
DECEMBER 11, 2020
A few short months after Shant Banosian became Guaranteed Rate ’s first loan officer to originate $1 billion in a year , another Guaranteed Rate loan officer has joined that exclusive club. Ben Cohen, managing director and senior vice president of mortgage lending in Chicago, has funded $1 billion in total loan volume this year. Cohen, who funded $639 million in 2019, ranked second in the U.S. on the Scotsman Guide’s list of Top 2019 Originators and on the National Mortgage News 2019 Top Produce
Expert insights. Personalized for you.
545 
Let's personalize your content