Housing Wire
JANUARY 21, 2021
The average mortgage rate for a 30-year fixed loan fell two basis points last week to 2.77%, according to Freddie Mac ’s Primary Mortgage Market Survey. Now 12 basis points above the record low set Jan. 7 , rates more closely resemble those seen over two months ago. The 15-year fixed mortgage rate also shifted downward to 2.21 from 2.23 the week prior.
Cleveland Appraisal Blog
JANUARY 21, 2021
Over the years, I have seen a lot of cracks. Big cracks, small cracks, long ones, and short ones. I’ve seen cracks of all different shapes and sizes. I should make it clear that I am not a crack expert. Before I go on, I should also make clear the type of cracks I am referring to. Settlement cracks! When performing an appraisal observation, appraisers must look for settlement issues and report on them.
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Housing Wire
JANUARY 21, 2021
After his inauguration Wednesday, President Joe Biden swore in Jenn Jones as the new chief of staff for the U.S. Department of Housing and Urban Development. Jones will replace former HUD Chief of Staff Andrew Hughes. She was among several senior appointees who took part in a virtual swearing-in ceremony at the White House led by Biden after the presidential inauguration earlier in the day.
Housing Wire
JANUARY 21, 2021
In a release on Thursday , the Urban Institute projected the future headship rate — the share of adults who are the heads of households — and the homeownership rate — the share of household heads who own their homes — through 2040. Per Laurie Goodman, Urban Institute vice president of housing finance policy, policymakers and thought leaders need to understand the trajectory of the homeownership rate — where it has been, where it is going, who it has benefitted, and who it has left behind.
Housing Wire
JANUARY 21, 2021
www.century21.com. Century21.com attracts nearly 3 million users each month and generates about 500K leads for our franchisees. Our proprietary program tabulates views and the number of leads per listing and creates a report that agents and brokers can leverage win more online business and close more deals. #1. In 2020 , the CENTURY 21 ® brand continued to maintain the ”highest brand awareness” level among consumers presented with a list of real estate agencies; a trend we have upheld since 1999
Housing Wire
JANUARY 21, 2021
Taken from the December/January issue of HousingWire Magazine, Propy is making its splash in the real estate transaction process. Back in 2019, the National Association of Realtors announced it was backing HousingWire 2020 Tech100 Real Estate winner Propy, a Silicon Valley startup whose real estate software aims to automate real estate transactions and allows properties to be bought and sold in an automated digital process that includes the use of cryptocurrency.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
JANUARY 21, 2021
BoomTown. BoomTown has all the tools, technology, and teams you need for real estate success. It’s the only solution that generates and manages your leads, with 300+ experts at your back. Our lead generation, consumer websites, CRM, lead qualification services, and more, come in flexible packages that scale with your success. #1. Founded in 2008. #2.
Housing Wire
JANUARY 21, 2021
Chime Technologies’ AI Assistant. The AI Assistant is the industry’s first AI Chatbot built on Google’s machine learning technology. The AI Assistant is saving agents time and effort while simultaneously carrying on hundreds of conversations with leads. Agents using the AI Assistant are only handed leads who have been warmed up and ready to have a conversation. #1.
Housing Wire
JANUARY 21, 2021
This article originally appeared in FinLedger , HousingWire’s sister-publication focused on Fintech. Notarize has tapped Larry D’Angelo as its first president and chief commercial officer, the company announced on Thursday. Boston-based Notarize is a remote online notarization business that helps companies digitize across the real estate, auto, financial services and other industries.
Housing Wire
JANUARY 21, 2021
Purchasing a home virtually has skyrocketed in recent months. . In fact, according to a new report from real estate brokerage Redfin, a whopping 63% of last year’s buyers made at least one offer sight-unseen, never setting a single foot inside the property before putting in a bid. In total, sight-unseen offers are now up nearly two-fold since 2018, when just 32% of buyers bought homes from afar.
Housing Wire
JANUARY 21, 2021
Single-family housing starts ended 2020 on a high note, rising 12% in December to a 1.338 million unit pace – the highest pace since 2006, according to the Census Bureau. That’s up 27.8% from one year ago, a remarkable figure given the economic effects of the COVID-19 pandemic, per industry officials. “2020 will go down, quite unexpectedly, as one of the best years for home builders in recent memory, and proof that great challenges — and not just those posed by COVID — can be o
Housing Wire
JANUARY 21, 2021
The final delinquency tally for December is in, with data revealing that by year’s end, 1.54 million more delinquent and 1.7 million more seriously delinquent mortgages were reported than at the start of 2020, according to a report from Black Knight. With nearly 2 million extra overdue loans in the pipe, that’s approximately 3.4 million loans in total at December’s end.
Housing Wire
JANUARY 21, 2021
Fannie Mae announced Ryan Zanin will be joining the company as its executive vice president and chief risk officer, effective Feb. 1. Zanin has served on Fannie Mae’s board of directors since 2016, but will step down from this position on Jan. 31. “I am grateful for Ryan’s service on Fannie Mae’s Board of Directors since 2016, and I’m pleased the company will continue to benefit from his extensive risk management experience and expertise in his new role,” said Sheila Bair, Fannie Mae chairwoman
Housing Wire
JANUARY 21, 2021
After former Consumer Financial Protection Bureau Director Kathy Kraninger stepped down Wednesday at the request of President Joe Biden, Dave Uejio took over as the bureau’s acting director. Biden named Uejio acting director late Wednesday, moving him from his previous role as CFPB strategy program manager. In that role, he reported to the deputy director, led the 30-person Office of Strategy to define the bureau’s enterprise level strategy and policy priorities, identified and managed enterpris
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