Mon.Apr 05, 2021

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CFPB proposes foreclosure ban until 2022

Housing Wire

The Consumer Financial Protection Bureau (CFPB) released a notice of proposed rulemaking on Monday that would amend Regulation X to provide a special pre-foreclosure review period prohibiting servicers from starting foreclosures until after December 31, 2021. Under current CFPB foreclosure rules, a borrower must be 120 days delinquent before the foreclosure process can start.

Tools 544
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Political Correctness

Appraiserblogs

If not for all the Political Correctness speech prohibitions, I could earn a living as a comedian off my family tree stereotypes alone!… One of the saddest things about Political Correctness is that we lost the ability to laugh at ourselves, including our racial stereotypes. One of my old diving partners was black, and he and I could tease each other.

Appraisal 147
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Will the next job wave mean the end of forbearance?

Housing Wire

Last Friday, the Bureau of Labor Statistics reported that 916,000 jobs were created in March, and the previous month’s revisions came in positive. The rest of this content is for HW+ members. Join today with an HW+ Membership ! Already a member? log in. HW+ includes weekly long-form digital content, HousingWire Magazine, access to HousingStack, and free admission to all HousingWire virtual events.

Mortgage 518
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Appraisal Woes Not Your Lender’s Fault; Blame Andrew Cuomo :)

JMV Lending

One of the most frustrating and expensive aspects of our business is dealing with low appraisals. It is frustrating b/c borrowers invariably blame us for the problem – even though we have very little control over the issue. It is expensive b/c we often end up throwing money at the issue to assuage borrowers and […]. The post Appraisal Woes Not Your Lender’s Fault; Blame Andrew Cuomo :) appeared first on JVM Lending.

Appraisal 147
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Threat of climate change looms large for some home buyers

Housing Wire

Climate change and the rising threat of natural disasters is likely to significantly impact migration plans of American families, potentially changing the landscape of American real estate. Out of 2,000 people surveyed between Feb. 25 and March 1, 628 said they would move due to natural disasters, extreme temperatures, and rising sea levels in their area, according to real estate brokerage Redfin, which conducted the survey.

Buyers 469
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Boston, Massachusetts Real Estate Market Analysis

Boston Appraisal

What’s going to happen with Boston real estate? In the coming weeks, months, and years, is it going to go up, down, or sideways? Is it time to buy or sell? One thing’s for sure: No one knows. No one has a crystal ball, and there are countless factors that can affect property values. However, in this article we’ll summarize the most salient points that most economists are talking about, and discuss what we think might happen with the Boston real estate market.

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Boston, Massachusetts Real Estate Market Analysis

Boston Appraisal

What’s going to happen with Boston real estate? In the coming weeks, months, and years, is it going to go up, down, or sideways? Is it time to buy or sell? One thing’s for sure: No one knows. No one has a crystal ball, and there are countless factors that can affect property values. However, in this article we’ll summarize the most salient points that most economists are talking about, and discuss what we think might happen with the Boston real estate market.

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Black Knight: Delinquencies rise, bears watching

Valuation Review

Black Knight, Inc. has released February 2021 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. The total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 6 percent with the month-over-month change at 2.61 percent. The year-over-year change was 83.03 percent.

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BiggerPockets Business Podcast 102: Are You Ready to Take the Entrepreneurial Leap? with Gino Wickman

BiggerPockets

Many business owners and entrepreneurs have read books like Traction and Rocket Fuel, both of which talk about how to build a successful business, partnership, and how to use the […].

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Appraisers, homeowners not always on the same page

Valuation Review

In real estate, things are not always as one perceives them to be. For this month’s insight from Dustin Harris, “The Appraiser Coach,” we look at how homeowners’ views of value can be different from what an appraiser will tell them. Read on for more.

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5 Ways Real Estate Brokers Attract the Best Talent

McKissock

Are you having trouble recruiting from the fluctuating pool of real estate agents? It is believed that as many as 80 percent of real estate sales agents leave the business in their first two years. This makes snagging good real estate agents tough for brokers. There’s been a shift in the real estate industry recently. It’s no longer just about attracting the most agents but about attracting and retaining quality agents.

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An appraiser ‘lifer’: A conversation with Sandy Grice

Valuation Review

Alexander “Sandy” Grice has been appraising for almost 50 years, so it is fair to say he has seen and done a lot within the profession. Specializing in litigation valuation, Grice also dives into shipyards, airports, historic properties and some “unusual” real estate. Read on for more of Valuation Review’s talk with this true veteran of the profession.

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Tips for Navigating the Current Mortgage Market

Eppraisal

In the wake of a raging pandemic and at the dawn of potential herd immunity, many analysts anticipate significant commercial resurgence in the United States and the world. Much will depend on the efficacy of COVID-19 vaccines; the widespread receipt of said inoculations; and the re-employment of those who were furloughed from jobs during the worst period of the contagion.

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Finance agency says HUD secretary brings ‘great news’

Valuation Review

CBC Mortgage Agency said Marcia Fudge’s swearing in as secretary of the Department of Housing and Urban Development is great news minority homebuyers. Read on to learn more.

Finance 60
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How to Set Real Estate Goals that Will Change Your Career

CA Realty Training

By Bettina Siochi | 04.05.21. Have you been working day in and day out but seem to get nowhere? . Are you not reaching any of the goals you have set out to achieve? . Or you can’t help but compare where you are in your career to that of your peers? . Maybe it’s time you consider creating some life-changing goals for yourself. . The real estate industry is a highly-competitive industry.

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Nations Lending expands

Valuation Review

Nations Lending announced an addition to its Colorado footprint with a branch opening in Boulder. Read on for more details.

Lending 60
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Why now is not the time for FHA premium cuts

Housing Wire

In its most recent annual report to Congress, November 2020, the Federal Housing Administration ( FHA ) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). The figure, standing at 6.1%, was the highest capital ratio reported since 2007 and the sixth consecutive year above the 2% minimum mandated by Congress. .

Insurance 289
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Rent Vs. Buy: How To Decide In 5 Steps

Quicken Loans

There’s no doubt that buying a home is a major life decision, but is it right for you? Of course, there’s no single correct answer, as there are pros and cons to both renting and buying. A major factor in anyone’s decision-making process, though, is one’s personal finances. In most cases, renting seems to be the more affordable option. However, that’s not always the case.

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Housing inventory is down 40%. Buyers are paying the price

Housing Wire

Prices are up sharply as housing inventory continues to plateau , leaving 40% fewer homes on the market compared to last year, according to a report prepared by Black Knight. Instead of making up for the shortfall, new listings have slumped further in 2021. Year-over-year, new listing volumes were down 16% in January and 21% in February — amounting to a 125,000 deficit in inventory compared to the same time in 2020.

Inventory 497
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Now Is the Best Time To Invest in Student Housing — Here’s Why

BiggerPockets

Most real estate investors are leaving half their cash on the table by only renting out a single unit. The trick to success? Student housing.

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American Financial Resources adds manufactured home funding

Valuation Review

American Financial Resources, Inc. now offers conventional financing for single wide manufactured homes, in addition to their existing financing options for single wides from the Federal Housing Administration and U.S. Department of Veterans Affairs. Read on to learn more.

Finance 60