Tue.Mar 16, 2021

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How the bond market continues to impact mortgage originators and investors

Housing Wire

After months of low rates, there have recently been shocks to the bond market. HousingWire recently sat down with Scott Happ, president of Secondary Marketing Technologies for Black Knight, to discuss the impact this has on mortgage originators and investors. HousingWire: How are recent shocks to the bond market impacting the industry’s housing recovery?

Investors 397
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The Importance of Taking a Break

The Appraiser Coach

Many of us throw ourselves into our work because we love it. We love it so much we forget to take regular breaks, but it’s such an important thing to. Read More.

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How lenders can improve property tax estimation processes to bolster borrower satisfaction

Housing Wire

For the past few years, low mortgage rates have fueled a housing market so hot that even a pandemic couldn’t derail purchase originations. Record-breaking lending volumes led many lenders to tighten up their processes across every stage of the mortgage cycle. Plaza Home Mortgage was no exception, as it sought to improve its property tax estimation process.

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Fuel Oil Tanks

Working RE

> E&O/GL Insurance for Home Inspectors Competitive Rates, Broad Coverage, Free Risk Management, online inspection support for tough questions, discounts on education and more. Professional Coverage, Competitive Pricing Shop OREP today! >> Editor’s Note: To help you stay up-to-date and connected, OREP/Working RE has established a Coronavirus (COVID-19) Discussion and Resource Page where you […].

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Lone Wolf launches digital title solution

Housing Wire

Real estate technology company Lone Wolf Technologies announced its launch of Digital Title Orders, a digital title solution allowing agents to select their preferred title provider and submit orders directly within a transaction. Following a year where real estate and mortgage professionals had to adapt quickly to changing conditions , Lone Wolf is offering its new product to advance digitized real estate transactions.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property.

Appraisal 127

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How to Fight Blacklisting

Working RE

“One of the best courses that I have had in 17 years!” -Amy H >> OREP E&O ????? “They are knowledgeable, professional, and understand urgency.” – Joe Thweatt Editor’s Note: Take the NEW 2021 Appraiser Fee Survey online now at WorkingRE.com/2021survey. How to Fight Blacklisting by Isaac Peck, Editor Being blacklisted by a real estate […].

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Rookie Podcast 61: Digital Nomad with 15 Units in 5 Different Areas with Michael Su

BiggerPockets

While traveling throughout southeast Asia, Michael Su asked what he could be doing to protect himself if he ever didn’t have stable income. As a digital nomad, travelling from country […].

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Insane lumber prices mean new homes cost $24K more

Housing Wire

With lumber prices and other building material costs still at record-high levels, homebuilder confidence fell two points in March, per the latest report from the National Association of Home Builders. That drop in builder confidence is in spite of sky-high buyer demand, which hasn’t waned despite rising home prices and climbing mortgage rates – the latter up 30 basis points from February.

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Selling Your LLC? Make Sure You Transfer Your Ownership Interest Correctly

BiggerPockets

If you want to transfer your ownership interest in an LLC, it’s essential that you have your ducks in a row before moving forward. While transferring an LLC can be […].

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Freddie Mac taps Mark Grier as interim CEO

Housing Wire

Months after the departure of David Brickman , Freddie Mac has tapped Mark Grier to serve as CEO on an interim basis, the government sponsored entity said on Tuesday. Grier will be intimately aware of the challenges he faces as interim CEO: he is currently a member of the board of directors. “As a member of the board of directors, Mark Grier is already an invaluable asset to Freddie Mac, bringing more than four decades of experience in finance, risk, markets and capital management.

Finance 421
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How to Protect Your Property With Landlord Insurance

BiggerPockets

When it comes to insuring your investment properties, it’s critical that you have adequate coverage. This may be an expense you’d like to skip, but seeing your hard work and […].

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How to Identify a Residential Complex Property

McKissock

If you ask appraisers to provide examples of complex appraisal assignments , many will focus on commercial or mixed-use properties or two- to four-family properties. However, many single-family home appraisals are considered complex assignments. Below, we provide the definition of a complex property and dig into the three types of residential complex properties.

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Renters, and Biden’s $15,000 homebuyer tax credit

Housing Wire

The housing industry has been keeping a keen eye on President Joe Biden’s proposed $15,000 homebuyer tax credit for first-time homebuyers. But just how many people would actually benefit from it? According to a report from Zillow, about 9.3 million renter households in the U.S. (27.4%) would spend less than a third of their income on the monthly payment for the median home sold in their metro in 2020 if they received the full tax credit.

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Homebuilders struggle with supply-side bottlenecks

Housing Wire

Mortgage applications for new homes dropped 9% from January to February, but overall applications are still up 9.2% year-over-year for homebuilders, according to the latest report from the Mortgage Bankers Association. MBA’s homebuilder application survey showed new, single-family home sales running at a seasonally adjusted annual rate of 748,000 units in February 2021 – down 17.3% from the January pace of 905,000 units, and the slowest annual pace since May 2020.

Inventory 390