Fri.Mar 12, 2021

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Real Estate Exchange files antitrust suit against Zillow, NAR

Housing Wire

Real Estate Exchange (REX) filed an antitrust lawsuit Tuesday in federal court against Zillow , accusing the company of anticompetitive behavior related to showing certain homes on its platform. Trulia and the National Association of Realtors are also named in the suit. REX, an Austin-based real estate startup, said Zillow’s new listing layout, which includes tabs entitled “agent listings” and “other listings,” positions its listings in a “recessed obscured, a

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Your Best Friend as an Appraiser

The Appraiser Coach

Many appraisers work out of our homes, not interacting with office staff or other appraisers. Even when we’re out, we’re still doing work-related tasks like shooting pictures and doing inspections. Read More.

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How to chip away debt and become a first-time homebuyer

Housing Wire

Millennials are a significant part of the housing market boom as first-time homebuyers. Reports show 63% of millennial home shoppers plan to purchase a home because of their new remote work status. If you’re interested in becoming a first-time homebuyer, there are some things you need to know. As you start the real estate process, saving for a down payment—often while paying off debt in tandem—can feel like a big hurdle.

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Train Us and Trust Us

Appraiserblogs

The most weighted technique in most automated valuation programs comes down to one over-simplified formula, based on a guesstimation from an outside source that has no interest in the real estate system… Dear FHFA: Please accept the following comments in regard to Question A1.4. The response also includes comments on several additional questions.

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CFPB reverses course on UDAAP enforcement

Housing Wire

Under former Director Richard Cordray, the Consumer Financial Protection Bureau took frequent action against companies who had violated its Unfair, Deceptive, and Abusive Acts and Practices standards. But many in the financial services industry complained that the standards were ambiguous and requested clarification from the bureau. In January of 2020, then-Director Kathy Kraninger provided that clarity, announcing that the bureau was changing its approach to enforcing its standards and limiting

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Exactly what to say when your clients ask these big questions

Cornerstone

Reading Time: 4 minutes. Even in a typical year, you can expect clients to ask routine questions — and you’ll give them routine answers back. But, of course, this year has been anything but typical, for our country and for real estate. With so many changes taking place related to the pandemic, the economy, and the political sphere, your clients are going to come to you with complex questions.

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FREE Webinar: Fannie Mae Q1 2021 Appraisal Update

McKissock

On Wednesday, March 24, 2021, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Fannie Mae Q1 2021 Appraisal Update.” In this special interactive webinar, Fannie Mae’s Collateral Policy Team will share policy updates impacting appraisers, dispel some common myths pertaining to Selling Guide policies, and provide insights regarding appraisal quality as well as actions related to significant appraisal defects.

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The immeasurable impact of women’s mentorship

Housing Wire

Ask a roomful of accomplished business leaders the secrets to their success, and faces will light up as they tell you about the mentors who gave them confidence, the role models who showed them how it was done, the sponsors who opened doors and the coaches who helped keep their drive alive. Mentorship can be a tremendously important aspect of a successful career; its positive impacts on the growth and development of professional women — particularly emerging leaders — can be immeasurable.

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Rookie Podcast 60: Rookie Reply: How Do I Analyze Short-Term Rentals?

BiggerPockets

We’re asked a lot on how to analyze short-term rentals. Since short-term rentals have different expenses, rent estimates, and occupancy rates, running a short-term rental analysis may seem tricky at […].

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How modernized servicing creates customers for life

Housing Wire

The modernization of mortgage originations in recent years has made customers expect a smart, push-button experience. Now it’s finally time to deliver this experience in servicing, and the timing has never been more urgent. . The CARES Act policy response to pandemic lockdowns a year ago allowed 12 months of forbearances for millions of homeowners. And while the new Biden Administration policy extended forbearances to 18 months , we still have 2.6 million mortgages in long-term forbearance.

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The 2021 Stimulus Bill & Real Estate Investors: What You Should Know

BiggerPockets

On Wednesday, March 10, the House of Representatives passed the $1.9 trillion America Rescue Plan, and President Biden signed the bill into law on Thursday, March 11. The massive bill […].