Tue.Feb 23, 2021

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Do higher mortgage rates mark the end of the refi wave?

Housing Wire

We may never again see a year like 2020. That’s somewhat somber news for the lenders who benefited from a series of downright strange conditions to generate more refi business than anyone in March could have imagined. Both Fannie Mae and Freddie Mac reported that refis made up about 70% of their mortgage activity in 2020, and, driven by weeks upon weeks of record low mortgage rates, refis accounted for 51% of all the volume LO’s funded in Q4, soaring 158% from the same period in 2019.

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You’re buying a new home. What do you need to know?

Midtown Appraisal Group

If you’re like many Canadians, you’ve grown up thinking that one day, you’d be buying your own home. It seems like a pretty normal thing to do – until you’re actually doing it for the first time, yourself.

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Rocket Mortgage receives tax subsidy, will hire in Cleveland

Housing Wire

Rocket Mortgage will receive a tax subsidy worth up to $9.6 million to add hundreds of full-time jobs to Cleveland. The 600-plus new jobs will added over the course of a year. Ohio Lt. Governor Jon Husted on Monday said the Ohio Tax Credit Authority approved an expansion project for tax credit assistance for Rocket Mortgage, whose parent company made over $6.6 billion in profits through the first three quarters of 2020.

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8 Simple Steps to Close Real Estate Deals Like a Rockstar

BiggerPockets

Real estate agents and investors: Practice these successful negotiating techniques to close every sale and grow your portfolio. Start investing today.

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Redfin’s Daryl Fairweather to speak at Spring Summit

Housing Wire

Low interest rates, high demand and a shortage of available housing stock have stoked an incredibly competitive housing market this spring. But as rates rise off historic lows and more inventory comes online, home prices could start to cool. That’s why we’ve invited Redfin Chief Economist Daryl Fairweather to discuss the economic forecast at HousingWire’s Spring Summit on March 4.

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What Appraisal CE Courses Are Trending this Month? (February 2021)

McKissock

Want to know which CE courses are trending right now among your fellow real estate appraisers? McKissock’s Unlimited Learning Members enjoy unlimited access to online appraisal classes and a variety of professional development videos, checklists, and other resources. Here’s a look at the most popular and highly-rated appraisal CE courses among our appraisal membership community over the past month.

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What Is Underwriting? Here’s What to Expect

BiggerPockets

During underwriting, a lender does a deep dive into your finances to make sure you qualify for a loan. Learn more about this process here.

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JMan and Sherri Johnson Named RISMedia’s 2021 Newsmakers

McKissock

We’re excited to announce that two partners of McKissock Learning, Jeremias “JMan” Maneiro and Sherri Johnson , made it onto the list of RISMedia’s 2021 Newsmakers. RISMedia’s readers and editorial team nominated Maneiro and Johnson, as well as nearly 300 other real estate pros, in recognition of their success over the past year. Despite the challenges of 2020, they showed resiliency and initiative and managed to forge ahead and make headlines.

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3 Reasons We Absolutely Are Not in a Housing Bubble

Berkshire Hathaway

With home values forecasted to appreciate by about 5% this year it has some people concerned that we may be in another housing bubble and that that bubble is about to burst. Unlike what we experienced a little over a decade ago, there are multiple reasons why this market is completely different. So, don’t stress, we are here to ease your mind! First big difference is the housing supply is extremely sparse, which means if supply is low and demand is high, prices naturally increase.

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10 Ways to Keep Your Home Clean with Dogs

REX Real Estate

We love our furry friends, but they can do some serious damage when it…

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Rookie Podcast 55: Combining House Hacking and Live in Flips with Tyler Madden

BiggerPockets

Talking to Tyler Madden for any more than a minute, you can tell that he’s a smart guy. But would you ever guess a general contractor and real estate investor […].

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Home prices soared 10.4% in December

Housing Wire

December saw a double-digit annual increase for home prices across the country, according to the Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic. The nine U.S. Census regions showed a 10.4% annual gain in December, up from 9.5% in the previous month. The 10-city composite annual increase came in at 9.8%, up from 8.9% in the previous month.

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Why more real estate agents are leaving online portal leads behind

Housing Wire

In 2018, real estate agent Luis Robledo received a lead for a potential buyer looking to live in Venice Beach, California. The lead had come through Ylopo, a real estate digital marketing solution that aims to help agents find more clients while simultaneously building their brand and team. Robledo followed up on the lead, and after a few weeks of phone tag, the home shopper expressed interest in two houses.

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UWM adds Fannie Mae exec as chief growth officer

Housing Wire

United Wholesale Mortgage has hired Desmond Smith, a former Fannie Max executive, to be its chief growth officer as the wholesale firm attempts to usurp Rocket Mortgage as the nation’s top lender. Smith comes to UWM after a stint at Fannie Mae as the senior vice president and chief customer officer for single family business. He’s also worked at the FHA , Wells Fargo , JPMorgan Chase , Citi, and Capital One Home Loans over the course of a 30-year career in mortgage lending.

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How servicers can stay ahead of Biden’s potential regulatory changes

Housing Wire

As we move further into 2021, servicers continue to face the ongoing effects of forbearance and foreclosure moratoriums while also anticipating the changes that may take place as a result of the new administration in Washington. Among these unknowns are changes that could affect lender-placed insurance (LPI). Servicers must have the flexibilities in place to keep up with the latest changes to remain compliant and efficient while still providing an optimal borrower experience.

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