Tue.Mar 23, 2021

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Citi names Brad Wayman head of U.S. mortgage

Housing Wire

Brad Wayman. Citigroup named Brad Wayman as head of U.S mortgage after serving in the role since December. Wayman first joined Citi in 2003, and most recently, he held the position of head of U.S mortgage sales , where he led distributed retail sales, direct to consumer sales, strategic market business development, community reinvestment strategy and sales support.

Retail 481
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When to Break the Rules

The Appraiser Coach

I recently broke my scapula taking my 11-year-old dirt biking. I should have brought another adult, but it was his and my bonding time. To set the scene: We were. Read More.

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Delinquency rate rises for first time in 9 months

Housing Wire

After eight consecutive months of improvement, the national mortgage delinquency rate rose in February from to 6% from 5.85%, according to a report from Black Knight on Tuesday. The data giant pointed to February’s seasonality as it is a shorter month and ended on a Sunday this year, allowing for fewer days to process payments. Last month’s uptick was mainly driven by an increase in the number of properties that are in early stage delinquency (30 days or more past due) but are not ye

Valuation 454
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9 Things to Know Before Selling a Home For Sale by Owner

Raleigh Realty

How to Sell a House By Owner (FSBO) Before selling your home for sale by owner, it's important to understand the pros and cons, what's involved, and what to expect throughout the process. The question should I sell my home for sale by owner or without a Realtor® is likely one asked by every home seller with the thought of trying to save money. Do you really save money though when you sell by owner?

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Stepping up the fight against fraud in mortgage lending

Housing Wire

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. In recent years, we have seen a significant uptick in fraudulent activity ranging from the high tech — intercepted wire transfers and electronic title phishing scams — to low-tech, such as applicants submitting falsified or doctored bank statements. The transition to a largely remote workforce during the COVID-19 pandemic only gave criminals more of an incentive to attempt to deceive lenders or misreprese

Lending 446
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Rookie Podcast 63: Diverging From Corporate Life to Flip Houses Full-Time with Sean and Ann Wayne

BiggerPockets

It’s hard to leave a comfortable job, especially when you’re working with family. What happens if you can’t make your entrepreneurial dreams work, what if you need health insurance, what […].

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FREE Webinar: The Appraisal Foundation 2021 Q2 Update

McKissock

On Wednesday, April 7, 2021, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “The Appraisal Foundation 2021 Q2 Update.” Participate in this Q&A session with Lisa Desmarais, Vice President, Appraisal Issues with The Appraisal Foundation (TAF). Hear about proposed changes to USPAP as well as an update on current AQB and ASB activities.

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Compass aims for $10B+ market valuation

Housing Wire

Residential brokerage Compass took another step toward becoming a publicly traded company Tuesday, declaring it intends to sell common stock at a share price of between $23 and $26. The New York City-headquartered residential real estate brokerage will offer 36 million Class A common stock shares to the public, according to the registration statement filed with the Securities and Exchange Commission , plus another 5.4 million shares to the investment banks underwriting the initial public offerin

Valuation 396
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21 Real Estate Professionals You Need on Your Team (Updated 2021)

BiggerPockets

There are key roles every property management operation needs to have covered. Here are a few indispensable members I have on my team.

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The risks and benefits of non-traditional appraisal methods

Housing Wire

Last year’s record-high origination volumes impacted every aspect of the mortgage cycle, and appraisals were no exception. In light of that, HousingWire recently sat down with ValueLink SVP of Operations Aqil Ahmed to discuss today’s appraisal landscape. HW: What is the No. 1 challenge housing professionals are facing today regarding appraisals?

Appraisal 388
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Is Doorvest a Good Option for Real Estate Investors?

BiggerPockets

Have you ever wanted to own a cash-flowing rental with rent guaranteed for the first year? The property is bought for you, renovated for you, and even has a […].

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New home sales plunge 18.2%, but demand stays strong

Housing Wire

After a near decade high in January, new home sales for single-family houses plummeted 18.2% to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S. Census Bureau and the Department of Housing and Urban Development. However, continued demand by homebuyers did manage to push new home sales 8.2% higher than a year ago, though not nearly as high as January’s 19.3% year-over-year jump.

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Interior Design Trends of 2021: What’s In, What’s Out.

REX Real Estate

I think we can all agree that 2020 was a long year with more…

Design 36
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Why you shouldn’t worry about the drop in new home sales

Housing Wire

Today the Census Bureau reported that in February 2021, new single-family home sales were at a seasonally adjusted annual rate of 775,000. This was a big miss from estimates. Although sales were up 716,000 compared to sales in February 2020, they were 18.2% (±13.9%) below the revised sales in January 2021 of 948,000. The miss in sales immediately garnered comments about housing affordability. .