Thu.Feb 18, 2021

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Mortgage rates jump to 2.81%

Housing Wire

After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point since mid-November, according to Freddie Mac ’s Primary Mortgage Market Survey. While economic spending has improved, due to the most recent stimulus, supply chain shortages are causing downstream inflation, leading to higher mortgage rates, said Sam Khater, Freddie Mac’s chief economist. “While there are multiple temporary factors drivin

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Preparing Your Borrower for the Appraisal Inspection – Virtual or On-Site

Genworth MI Blog

A version of this post originally appeared in the December edition of Scotsman Guide. . Loan officers and listing agents are familiar with homeowner anxiety about real estate appraisals. Questions arise, such as: Does the appraiser penalize me if my house isn’t spotless? Will worn carpeting hurt my value? Will the appraiser look in my closets? Should I follow the appraiser and point things out?

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Invest in real estate, not the stock market

Housing Wire

The stock market is a funny game. Not the kind of game that the rookie Game Stop investors are used to playing, but a real-life, action-packed, form of entertainment that toys with millions of Americans’ emotions and finances every day. You know what isn’t a game, and can also provide oh-so-sweet returns? Investing in real estate. The stock market is at an all-time high, finishing 2020 at record levels.

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Preparing Your Borrower for the Appraisal Inspection – Virtual or On-Site

Genworth MI Blog

A version of this post originally appeared in the December edition of Scotsman Guide. . Loan officers and listing agents are familiar with homeowner anxiety about real estate appraisals. Questions arise, such as: Does the appraiser penalize me if my house isn’t spotless? Will worn carpeting hurt my value? Will the appraiser look in my closets? Should I follow the appraiser and point things out?

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COVID accelerated migration trends, but is it sustainable?

Housing Wire

Even Norman Rockwell couldn’t put a rosier cast to New Hartford, Connecticut, in mid-autumn. On the far western outskirts of the Hartford metropolitan area, the town’s converted brick mill buildings are now occupied by restaurants that sell and serve locally grown produce and locally made artisanal cheese. A river – the Farmington – really does run through the town, shallow and sparkling, punctuated by occasional fly-fisherman.

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Winter In Houston: How To Deal With Home Damage From Snow & Cold Weather

Houston Properties

Winter In Houston: How To Deal With Home Damage From Snow & Cold Weather. Here's what you need to do to minimize damage and repair costs. Houston saw blankets of snow, sleet, record-low temperatures, and energy blackouts thanks to a historic winter storm making its way across the region. The Bayou City has not seen weather this frigid for more than three decades.

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How Much to Charge for Rent in 2021: A Landlord’s Guide

BiggerPockets

An optimized rental price is a critical factor in property management. How do you effectively manage your property or your property management team to achieve the best outcome? Here are five easy, efficient ways.

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LoanDepot cleared $2B in profits, but margins are shrinking

Housing Wire

Just a week after its initial public offering , multichannel lender loanDepot announced that it had earned over $547 million in profits during the fourth quarter, giving it over $2 billion in earnings across 2020. The lender , whose stock price skyrocketed following a downsized IPO that debuted at $14 a share, originated $37.4 billion in mortgages during the fourth quarter.

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Flippers and Airbnb Investors: Here’s How an S Corp Election Can Help You

BiggerPockets

In this article, see how an S Corp can help you save on or avoid certain tax deductions with your real estate business.

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MBA’s Marcia Davies on the power of supporting women

Housing Wire

This HousingWire Daily podcast transcription features a crossover episode from HousingWire’s Girlfunds podcast. In this episode, Marcia Davies, chief operating officer at the Mortgage Bankers Association and HousingWire Women of Influence winner, talks about the power of leadership and what women can do to better support other women. During the episode, Davies shares her own journey in dealing with “ imposter syndrome ,” as well as actionable tips for women just starting their career.

Finance 383
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What is the Importance of the Appraisal Process?

AmeriMac

Home appraisals are the perfect way to get an accurate measure of your house’s value. Now if you want to gain approval for a mortgage, you are going to need a good home appraisal. From the seller right down to the buyer, an experienced real estate appraiser is an essential part of the overall home purchasing process. While a precise appraisal ensures lenders do not borrow more than what is necessary, it also safeguards novice homebuyers from overpaying when purchasing their dream house.

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Finicity SVP Lisa Kimball to speak at Spring Summit

Housing Wire

Lisa Kimball, senior vice president of product and strategic programs at Finicity , will speak on a panel titled What Mortgage Tech is Solving Now at HousingWire’s Spring Summit on March 4. Kimball will be joined on the panel by Nikolaos Pavlou , product marketing manager at Blend. Pandemic conditions have provided fertile ground for mortgage tech innovation.

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Investors Show Increased Polarity in the 2020 Q4 Investor Sentiment Survey

BiggerPockets

It’s that time of the quarter: Investor Sentiment Survey results! BP investor sentiment has remained largely unchanged, but the number of investors who feel that it’s a good time to sell dropped considerably. Learn more here.

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Linda O’Koniewski talks navigating real estate franchises

Housing Wire

This HousingWire Daily interview transcription features an episode with REAL Trending, a podcast that focuses on interviewing the brightest minds in real estate. In this episode, Tracey Velt, managing editor at REAL Trends , a HousingWire sister company, interviews Linda O’Koniewski, CEO of Leading Edge Real Estate in Boston, discussing the lessons she learned after finding out her former franchise pulled the plug, and they had to rebrand overnight.

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Are There Opportunities in Hotel Investing Post-COVID?

BiggerPockets

In every economic crisis, the pain that is caused also creates opportunities. This is the silver lining of any recession. Far from “taking advantage” of the situation, investors who are able to stomach the higher risk level and put money to work in riskier environments can actually help pull us out of the recession. Putting capital at risk creates jobs and stabilizes falling prices.

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What is the Importance of the Appraisal Process?

AmeriMac

Home appraisals are the perfect way to get an accurate measure of your house’s value. Now if you want to gain approval for a mortgage, you are going to need a good home appraisal. From the seller right down to the buyer, an experienced real estate appraiser is an essential part of the overall home purchasing process. While a precise appraisal ensures lenders do not borrow more than what is necessary, it also safeguards novice homebuyers from overpaying when purchasing their dream house.

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BiggerPockets Money Podcast 172: Finance Friday: Why You Don’t Need to Sacrifice Everything to Hit Financial Freedom with Jeff

BiggerPockets

Jeff, like many listeners, feels as if there is enough money coming in every month, but somehow it’s slipping out, not allowing him and his wife to hit financial independence. […].

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What is the Importance of the Appraisal Process?

AmeriMac

Home appraisals are the perfect way to get an accurate measure of your house’s value. Now if you want to gain approval for a mortgage, you are going to need a good home appraisal. From the seller right down to the buyer, an experienced real estate appraiser is an essential part of the overall home purchasing process. While a precise appraisal ensures lenders do not borrow more than what is necessary, it also safeguards novice homebuyers from overpaying when purchasing their dream house.

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Supply chain issues still stymieing homebuilders

Housing Wire

Homebuilder confidence in single-family homes jumped one point to 84 in February from 83 in January , according to the National Association of Home Builders and Wells Fargo Housing Market Index. Per the NAHB , January’s score of 83 was a four-month low. Strong buyer demand in February helped offset supply chain challenges and a surge in lumber prices, according to Chuck Fowke, NAHB chairman.

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Homebuilders preparing for big 2021, data suggests

Housing Wire

Overall housing starts in January totaled 1.58 million units, a decline of 6% from December , according to the latest statistics from the U.S. Census Bureau. But there’s reason for optimism from homebuilders – a huge spike in building permits. “Despite a modest month-over-over decline, single-family housing starts are up 17.5% from one year ago,” said Odeta Kushi, deputy chief economist at title insurance firm First American. “Single-family permits, a leading indicator of futur

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3 ways Biden’s presidency could impact the housing market

Housing Wire

It’s no secret the housing market impacts the economy and vice versa. But how exactly does a presidency impact homebuyers? The election of President Joe Biden could soon change the course of people’s home shopping plans. From the proposed $15,000 tax credit to Biden’s promise to bridge the race gap in home appraisal, here’s how this presidency will impact you: .