Mon.Feb 01, 2021

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UWM returns to the Super Bowl with new ad

Housing Wire

United Wholesale Mortgage , now a publicly traded company, will return to the Super Bowl this year. The wholesale lender will be running a new Super Bowl commercial spotlighting independent mortgage brokers and its website FindAMortgageBroker.com for a second straight year. See the video below: “We will always find ways to elevate and shine a light on independent mortgage brokers, and what better way to do this than during the Super Bowl where millions of Americans are tuned in to watch the game

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How do appraisals work?

Midtown Appraisal Group

Residential appraisals are more straightforward than you think You’ve sold your house, but your offer is conditional upon an appraisal by the bank. What does this mean? The buyers of your home have applied for a mortgage from a bank, with the house used as collateral. The bank gets an appraisal to ensure that there’s […].

Appraisal 137
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FHFA appoints general counsel to create “world-class regulator”

Housing Wire

The Federal Housing Finance Agency appointed Clinton Jones as its new general counsel, saying this was the next step in turning the FHFA into a “world-class regulator.” Jones will step into the role immediately, taking the place of Alfred Pollard, who will retire from the FHFA at the end of March. “Alfred has served admirably as General Counsel to every FHFA Director,” FHFA Director Mark Calabria said.

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What Can U-Haul Rates Tell Us About U.S. Migration Patterns?

BiggerPockets

Rental rates point to the demand for moving trucks in real-time, providing valuable insight for real estate investors to get ahead of trends.

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Forbearance rate left unchanged as exits slow

Housing Wire

The U.S. forbearance rate was flat again last week at 5.38%, as a rise in portfolio loan and private label securities forbearances offset declines in government-backed and government-insured loans, according to a survey from the Mortgage Bankers Association on Monday. Fannie Mae and Freddie Mac once again claimed the smallest forbearance rate at 3.1% – a 1-basis-point improvement, and the lowest forbearance share the MBA has recorded for the government-sponsored enterprises since the surve

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Why Buying Cheap Homes Won’t Make You Money

BiggerPockets

Many new investors chase cash flow with cheap homes, but these properties likely won't bring in the profits you're hoping for.

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BiggerPockets Business Podcast 93: Creating a Plan for Your Business, Career and Life with MIT Teacher Mark Herschberg

BiggerPockets

An author, a CTO, and a champion ballroom dancer walk into a podcast…it’s Mark Herschberg! Mark is a man of many talents, graduating from MIT, becoming a champion in ballroom […].

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Rocket Mortgage ups the ante with two Super Bowl ads

Housing Wire

Rocket Mortgage isn’t playing around when it comes to this year’s Super Bowl. Sure, rival United Wholesale Mortgage is back with another commercial touting the benefits of consumers using a mortgage broker. But Rocket’s upped the ante, dropping not one, but two new commercials to air on the biggest televised event of the year. The two 60-second commercials will feature actor and comedian Tracy Morgan, alongside an unnamed movie star, athletes and “influencers” speak

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Servicers ramp up operations amid forbearance challenges

Housing Wire

Last year brought with it one of the most surprising years housing has ever seen, but for mortgage servicers, their work has only just begun. . As 2019 came to a close, economists vigorously debated the chances of a recession in 2020. While divided, many suggested that a recession would be a possibility near the end of last year or even in early 2021.

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UWM CEO Mat Ishbia to headline Spring Summit

Housing Wire

United Wholesale Mortgage CEO Mat Ishbia will be featured in the keynote session at HousingWire’s Spring Summit on March 4. In a one-on-one discussion with HousingWire CEO Clayton Collins, Ishbia will discuss the way UWM responded to the COVID crisis, the decision to take his company public and the future of the mortgage broker model. UWM is the second-largest mortgage originator in the U.S. and the largest wholesale lender, originating $54.2 billion in closed loans during the third quarter.

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HousingWire Magazine: 2021

Housing Wire

HousingWire Magazine takes a deep dive into issues the housing industry faces each day. Themed to look at the latest trends in housing, each issue focuses on a variety of topics in the housing space – from homeownership to fintech to mortgage originators. As you flip through each section, check out our front sections that fill you with great snackable content that’s easy to digest and keeps you in-the-know.

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Rocket Mortgage courts brokers with national directory

Housing Wire

The wholesale mortgage lending division of Rocket Companies has launched a national mortgage broker directory on its website, providing potential leads to mortgage brokers and also poking at its biggest rival, United Wholesale Mortgage , in the process. “The directory not only includes the 43,000 individual loan officers who work with us, but every mortgage broker in the country,” said Austin Niemiec, the executive vice president of Rocket Pro TPO.

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Making housing more affordable by bridging the affordable supply gap

Housing Wire

Since 2011, the number of existing single-family homes for sale has declined more than 30%. At the same time, we’ve seen an unprecedented increase in home prices. This is why when we think about affordability, we focus on how to expand the supply of homes. By supplying more homes that are affordable, the housing industry can increase homeownership rates for everyone. ?.

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