Housing Wire

JANUARY 29, 2021

Last year, buyer demand increased due to record low mortgage rates. That said, because of those low mortgage rates, and fewer houses on the market, home prices went up. To put it simply, the last half of 2020 was a seller’s market. But will 2021 be the same? If you’re wondering whether it’s a good time to sell your house, keep reading. Here we break down the reasons why you should or shouldn’t sell in 2021: Should sell your house: Interest rates are low.

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Property Taxes Sellers Mortgage Insurance 454

McKissock

JANUARY 29, 2021

What skills are correlated with financial success in the real estate appraisal industry? In a recent survey , we asked appraisers to self-evaluate their expertise across categories as expert, growing, novice or failing. Then we took a look at their earnings across those categories. We found that top earners in appraisal excel in a few key areas. Here are three things that high-earning appraisers tend to be really good at: 1.

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Housing Wire

JANUARY 29, 2021

The use of eNotes registered on the Mortgage Electronic Registration Systems increased a full 261% year over year in December 2020. The MERS eNote eRegistry is managed by the Mortgage Industry Standards Maintenance Organization , a subsidiary of the Mortgage Bankers Association. It is used by lenders and market participants to track the control and ownership eNotes.

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BiggerPockets

JANUARY 29, 2021

Renters insurance can be an added expense for tenants—and yes, landlords can require you carry a policy. Learn more about the benefits of renters insurance.

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Landlords Insurance Tenants Real Estate 69

Housing Wire

JANUARY 29, 2021

Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years. Total funded loan volume by loan officers in Q4 2020 increased 106% from the fourth quarter of 2019, a data analysis by the software firm found.

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Housing Wire

JANUARY 29, 2021

Home Point Financial, the parent company of wholesale lender Homepoint , joined the growing ranks of nonbank mortgage lenders listed on the public markets. As HousingWire first reported Thursday night , the company plans to raise $94.25 million on the NASDAQ Stock Exchange in its debut. The IPO is a secondary offering, meaning the company itself isn’t selling shares and will not receive proceeds.

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Housing Wire

JANUARY 29, 2021

Over the past six months, mergers and acquisitions, huge financing rounds and public offerings have dominated headlines across the real estate and housing finance sector. This level of action is keeping finance executives like Jeremy Collett , Executive Director, Capital Markets at Guaranteed Rate busier than ever. “This is such an interesting topic right now,” said Collett.

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Housing Wire

JANUARY 29, 2021

This HousingWire Daily interview features a crossover episode from HousingWire’s Housing News podcast , a show that highlights a new mortgage or real estate executive each week to add perspective to the top stories crossing HousingWire’s news desk. In this episode, HomeBridge Chief Diversity & Inclusion Officer Brian “Woody” White discusses what increasing diversity within the housing finance industry looks like on a practical level.

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Housing Wire

JANUARY 29, 2021

U.S. pending home sales dipped to the tune of 0.3% in December following a 2.6% drop in November , according to a report from the National Association of Realtors. It’s the fourth consecutive decline, but many housing industry observers see big potential for the year ahead. However, contract signings rose 21.4% from December 2019, with all regions (Northeast, Midwest, South, West) reaching double-digit year-over-year increases.

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Contracts Real Estate Housing Market Technology 530

Housing Wire

JANUARY 29, 2021

The new acting director of the Consumer Financial Protection Bureau , Dave Uejio, told staff in an email on Thursday that the bureau will direct its attention to mortgage servicers, promising “aggressive action” to ensure companies follow the law. In the email, Uejio laid out his vision for the coming months, saying that his top two prioities are relief for consumers facing hardship due to COVID-19 and the related economic crisis and racial equity.

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Mortgage Law Lending Property Taxes 475

Housing Wire

JANUARY 29, 2021

A “sick, sad joke.”. That’s the phrase a former Trump administration appointee for the Consumer Financial Protection Bureau , Acting Director Mick Mulvaney, used to describe the government agency he was later selected to lead. President Donald Trump kept Mulvaney in his role for as long as possible, only nominating Kathy Kraninger at the end of the legally allowed 120-day period.

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