Housing Wire
MARCH 8, 2021
Can you smell it in the air? America is back! The last plank required to complete the foundation of my “America is Back Economic Recovery” model was for the 10-year yield to start trading in the range of 1.33% to 1.60%, and as of Feb. 16, this has happened. Higher treasury yields have pushed mortgage rates higher, but will higher rates cool the housing market?
JMV Lending
MARCH 8, 2021
Whenever the market heats up like this, particularly in the springtime, appraisals invariably come in low. This is simply because there are often no closed comparable sales (comps) that even come close to supporting current contract prices, especially when there are bidding wars. REMINDER: Appraisers can only use comps that close prior to the appraiser’s […].
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Housing Wire
MARCH 8, 2021
For the first time in its history, Rocket Mortgage has revealed the amount of business it does in the broker space. The disclosure comes just days after United Wholesale Mortgage issued an ultimatum to mortgage brokers, telling them that they could not partner with Rocket or Fairway Independent Mortgage Corp. and continue to do business with UWM. The rest of this content is for HW+ members.
Appraiserblogs
MARCH 8, 2021
The Appraisal Foundation has issued an exposure draft for Advisory Opinion (AO) 16. Advisory Opinion 16 is Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development and Reporting. Unlike other exposure drafts, the text of the AO opinion has been rewritten. The traditional strike through of word or phrase changes is nonexistent.
Housing Wire
MARCH 8, 2021
Lenders may have one last quarter to ride the market’s massive refi wave after Monday data from Black Knight’s Mortgage Monitor Report revealed that despite rising interest rates, Q1 2021 refinance lending volumes are poised to remain near last quarter’s meteoric high. “Roughly 2.8 million homeowners refinanced their mortgages in the last quarter of 2020, which saw a record-breaking $869 billion in refinance lending,” said Ben Graboske, Black Knight’s president of data and analytics.
Valuation Review
MARCH 8, 2021
Tennessee Certified Appraiser David Braun reached out to Valuation Review to discuss mutation of data records (MDRs) as outlined in his whitepaper. He said the purpose of this paper is to disseminate research on a specific technique related to the field of predictive price modeling and offer techniques which have potential to improve the outputs of a wide variety of price prediction modeling ranging from traditional appraisal practice to the development of automated valuation models.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Valuation Review
MARCH 8, 2021
Appraisal circles and selected organizations recently have addressed bias and discrimination in the profession, as well as emphasizing the need for diversity. The American Society of Appraisers, along with the Appraisal Institute, American Society of Farm Managers and Rural Appraisers, National Society of Real Estate Appraisers and MBREA, sponsored a webinar titled “Unconscious Bias” with panelists from the Ivy Planning Group discussing the many ways biases exist.
Housing Wire
MARCH 8, 2021
For many in the housing industry, the events of 2020 accelerated tech adoption. Despite the increased pace, the industry as a whole still has room for continued tech development and usage. HousingWire sat down with Renata Sheyner, vice president of product at CreditXpert, to learn more about key technologies that lenders need to give more attention to.
Valuation Review
MARCH 8, 2021
New York Gov. Andrew Cuomo recently said the state is partnering with nonprofit organizations to deploy undercover testers to root out discrimination in home rental and sale transactions. This is according to an announcement from the Department of State (N.Y.) Division of Licensing Services/New regulations for Real Estate Appraisers Require Fair Housing Training.
BiggerPockets
MARCH 8, 2021
How do you build a business that ties in healthily with your life? While you’re trying to bring in millions in revenue, are you there for your children, your spouse, […].
CA Realty Training
MARCH 8, 2021
By Karen D. Friedman | 03.08.21. Agency in real estate refers to who an agent represents in a transaction. That means the agent is either representing the buyer or the seller. In a dual agency, the real estate agent has an opportunity to represent both sides of the transaction. Dual agency is illegal in some states, but in California, any real estate agent can do it.
BiggerPockets
MARCH 8, 2021
A self-directed IRA allows you to personally select your retirement account's investments. Want to invest in real estate or gold? This unique tool can help.
Buys Brokers Only LLC
MARCH 8, 2021
Mortgage interest rates in the U.S. rose to the highest level since July 2020, for the week ending March 4, 2021, according to Freddie Mac's weekly Primary Mortgage Market Survey.
BiggerPockets
MARCH 8, 2021
A diversified investment portfolio avoids damage in a market downturn. Follow these tips to ensure your real estate holdings remain diverse.
Magnusson Group
MARCH 8, 2021
Visit Sale View More Photos. The Magnussons are pleased to host another online auction in Morristown. Sale Ends at 7:05pm on Saturday March 20th . Pick Ups: Monday 3/22 + Tuesday 3/23 from 9am-3pm ONLY. Location in Morristown. Call 973-425-1550 or email admin@themagnussongroup.com for all inquires. – No exceptions, items not picked up during the designated collection times will be forfeited with no refunds. – Masks must be worn by all bidders when picking up items. – Please maintain at least six
Housing Wire
MARCH 8, 2021
Fannie Mae ‘s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, fell 1.2 points in February. Fear not, experts say – better days are ahead. Overall, the HPSI hit 76.5 last month, down from 77.7 in January. A small drop was expected, according to Fannie Mae Senior Vice President and Chief Economist Dave Duncan, but optimism should be reflected in the coming months. “The HPSI remained relat
McKissock
MARCH 8, 2021
At McKissock Learning, we want our customers to have all the resources they need to be successful in real estate. That’s why we’ve teamed up with RISMedia , the leading provider of the most relevant and up-to-date information related to the residential real estate market. As their Strategic Education Partner, we are able to give our customers free access to the digital edition of the RISMedia monthly magazine.
Housing Wire
MARCH 8, 2021
The sun is shining as I write this today and the forecast is for warmer weather. While others might think of restarting outdoor activities or working in the garden, our industry is gearing up for a strong spring housing market – and the first step in what MBA is forecasting will be a record-breaking year of purchase origination volume. Demand for homes will be bolstered by an improving job market, favorable demographic trends, and mortgage rates that, while rising, are still low from a historica
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