Housing Wire

FEBRUARY 8, 2021

Weeks before United Wholesale Mortgage (UWM) went public in a SPAC deal that valued the lender at $16.1 billion, its president and CEO Mat Ishbia said observers shouldn’t expect a different United Wholesale Mortgage or a different Mat. He proved it in his first earnings call. On Thursday morning, Ishbia, in his characteristic fast-talking bravado, bragged about the wholesaler’s position as the biggest purchase lender in the market, cautioned that they’ve prioritized the long ga

Technology 545

Technology Mortgage Investors Investing 545

Miller Samuel

FEBRUARY 9, 2021

I met Rich Barton, Zillow CEO , at an Inman/Curbed party held during an Inman conference in Manhattan a long time ago, the evening before Zillow’s launch. I asked Rich, a very nice and fascinating person, what he did for a living, not realizing he was the co-founder of Expedia. Ugh. He also said they were launching their latest effort the following morning – a web site called “Zillow,” and he added “as in rhymes with pillow” to the description.

Real Estate 286

Real Estate Appraisal Marketing 286

Realtor

FEBRUARY 11, 2021

marchmeena29/Getty Images It’s a big question with no easy answer: Should you keep renting, or is it time to think about buying a home? One of the major benefits of being a homeowner is building equity with each mortgage payment, instead of putting money into your landlord’s pocket. But that doesn’t mean buying is always the best choice—as a renter, you enjoy more flexibility and avoid many of the costs that come with homeownership.

Property Taxes 218

Property Taxes Inspection Landlords Renovations 218

DataMaster

FEBRUARY 11, 2021

Intro. All appraisers have had to pick up new skills over their years of appraising. For some appraisers, implementing new technology and appraisal software is no issue because, let’s admit it, some people just “get it” when it comes to tech gadgets and software programs. But for others, implementing a new tech gadget into their process or learning to use new appraisal software is no easy feat.

Technology 148

Technology Appraisal Final Inspection Inspection 148

Housing Wire

FEBRUARY 8, 2021

In 2021, a lingering symptom of the economic sickness we suffered in 2020 is forbearance. Not the forbearance plans themselves, which allowed mortgage holders to delay their payments for many months, but the fact that 2.72 million homes remain in forbearance and can therefore be considered at risk. Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing?

Housing Market 544

Housing Market Marketing Government Real Estate Agent 544

Yolo Solano Appraisal Blog

FEBRUARY 8, 2021

Economist Timothy Taylor posted a discussion about hourly wages recently that had a section that sounded very familiar. Here’s the quote that caught my eye: “You will sometimes hear statistics people talk about a ‘composition effect,’ which just means that if you are comparing a group over time, you need to beware of the possibility […].

Appraisal 130

Appraisal 130

Realtor

FEBRUARY 11, 2021

marchmeena29/Getty Images It’s a big question with no easy answer: Should you keep renting, or is it time to think about buying a home? One of the major benefits of being a homeowner is building equity with each mortgage payment, instead of putting money into your landlord’s pocket. But that doesn’t mean buying is always the best choice—as a renter, you enjoy more flexibility and avoid many of the costs that come with homeownership.

Property Taxes 78

Property Taxes Inspection Landlords Renovations 78

Housing Wire

FEBRUARY 9, 2021

Mortgage credit is still the tightest it has been in more than six years, but steady loosening in January revealed lenders are preparing for a rebounding economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index rose 2% to 124.6 last month, still hovering near levels previously seen in 2014, though it is the third month in the past four that credit availability has picked up as supply eases out.

Mortgage 541

Mortgage Lending Government Contracts 541

BiggerPockets

FEBRUARY 10, 2021

Hearing Bryce Stewart’s story may sound familiar to long-time BiggerPockets Podcast listeners. That’s because Bryce was on Episode 276 where he gave the great metaphor “vacuuming out the truck” relating to real estate investments. […].

Real Estate 69

Real Estate Investing 69

McKissock

FEBRUARY 8, 2021

A real estate blog is one of the best ways to market your real estate business. Your blog not only helps build your brand and credibility as a real estate pro, but it also helps you attract new prospects. And the ideas for content creation are endless. To get you started, here are some of our favorite sources for generating real estate blog ideas. 1.

Real Estate 87

Real Estate Tools Real Estate Agent Agents 87

Real Quantum

FEBRUARY 9, 2021

WEBINAR |Using AI with CRE Data to Detect Key Factors for an Accurate Appraisal. February 18, 2021 | 11:00 AM CST. DURATION: 1 HOUR. FORMAT: LIVE & INTERACTIVE. WATCH REPLAY. Find out how real estate asset managers, CMBS firms and real estate focused venture capital firms are using artificial intelligence with commercial real estate data. Learn how they gather more information, more efficiently and gain new insights.

Appraisal 69

Appraisal Real Estate Clients Valuation 69

Housing Wire

FEBRUARY 10, 2021

Zillow entered a new corner of real estate Wednesday, announcing a definitive agreement to buy ShowingTime for $500 million. The splashy buy further situates Zillow as more than a website with pictures of homes for sale, but a competitor to real estate brokerages. The Seattle-based company announced in September Zillow Homes, a traditional brokerage business, hiring agents in Phoenix, Tuscon, and Atlanta.

Real Estate 531

Real Estate Agents Real Estate Agent Brokerage 531

BiggerPockets

FEBRUARY 9, 2021

Real estate investors are very busy people, and often, rookie investors become busier than ever as they’re learning the tricks of the trade. Kevin Christensen is no different, he works […].

Investors 69

Investors Real Estate Business 69

On Q Financial

FEBRUARY 8, 2021

If you caught The Kelly Clarkson Show on February 8th, you heard a bit about the O’Brien family and their story. We are honored to have been a part of the family’s recovery! The Kelly Clarkson Show & On Q Financial. When we heard about the O’Briens’ story, we knew we had to be a part of their recovery. That’s why we’re glad to have partnered with the Kelly Clarkson Show to assist this family with their rebuild!

Mortgage 69

Mortgage 69

McKissock

FEBRUARY 9, 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.

Real Estate 52

Real Estate Training Decorating Realtors 52

Housing Wire

FEBRUARY 9, 2021

The National Association of Real Estate Brokers has announced the creation of its “Black Real Estate Agent” program to provide financial, educational, and career support for aspiring Black real estate agents. HomeLight is partnering with NAREB in this venture with the goal of ultimately improving the rate of homeownership for Black Americans across the country, according to Antoine Thompson, NAREB national executive director.

Real Estate Agent 500

Real Estate Agent Real Estate Agents Training 500

BiggerPockets

FEBRUARY 11, 2021

Erik and his wife have three big debts to tackle: their mortgage on their primary residence, their mortgage on their rental property, and a HELOC (home equity line of credit) […].

Finance 69

Finance Mortgage 69

PennyMac

FEBRUARY 12, 2021

Like many American homeowners, your first mortgage may have been a loan with the Federal Housing Administration (FHA). Loans backed by the FHA are attractive to first-time homebuyers because FHA loans are easier to obtain financing for and require only minimal down payments and fair-to-good credit scores. On the other hand, FHA loans require certain provisions which can sometimes be a burden on a homeowner’s budget, often in the form of premiums paid for mortgage insurance.

Insurance 59

Insurance Loan Officers Finance Mortgage 59

Cornerstone

FEBRUARY 9, 2021

Reading Time: 2 minutes. Mortgage rates have dropped over a full percentage point within the past year, hitting new lows 16 times. This is a strong driver toward homeownership: Today’s lower rates give consumers even more benefits. Let’s take a look at the top three: Downsize or move up. Low rates open up opportunities to sell and move into a new house, whether it’s bigger and better or smaller and located in a more desirable place.

Mortgage 55

Mortgage Finance Marketing 55

Housing Wire

FEBRUARY 8, 2021

The U.S forbearance rate is falling, though not as quickly as it once was. Data released on Monday by the Mortgage Bankers Association showed that the share of servicers’ portfolio volume in forbearance fell 3 basis points to 5.35% last week. For the third month in a row, the MBA estimated 2.7 million homeowners are in some form of forbearance, and for almost four months now, forbearance portfolio volume has hovered between 5% and 6% — the longest a percentage range has held since the surv

Real Estate Agent 489

Real Estate Agent Real Estate Inventory Investors 489

BiggerPockets

FEBRUARY 11, 2021

Realtor commissions directly affect how much money you'll make when selling your home or investing in real estate. Find out how to calculate this expense here.

Real Estate 68

Real Estate Realtors Investing 68

REX Real Estate

FEBRUARY 11, 2021

Every week, it seems like Netflix releases new binge-worthy shows, and we are here…

Design 41

Design 41

McKissock

FEBRUARY 7, 2021

Property management can be a rewarding investment, but all too often property owners don’t realize how complex this investment can be. Property management often involves detailed agreements and a diverse clientele, which means that there is a lot of room for error. Chances are, you don’t want to learn the hard way how property management mistakes can quickly make a dent in your budget.

Property Management 81

Property Management Tenants Inspection Clients 81

Housing Wire

FEBRUARY 11, 2021

For the third week in a row, the average mortgage rate for a 30-year fixed loan remained unchanged at 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. Even though rates remained at their record low levels, mortgage applications dipped, with some economists pointing to the overheated home prices and lack of supply for applications seesawing.

Mortgage 473

Mortgage Housing Market Inventory Real Estate 473

BiggerPockets

FEBRUARY 9, 2021

When visualizing the estimated value of global real estate, it becomes clear how much value resides in land, buildings, and infrastructure.

Real Estate 71

Real Estate 71

REX Real Estate

FEBRUARY 8, 2021

How many hours do you spend in your kitchen every day?

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Housing Wire

FEBRUARY 9, 2021

Real estate is an attractive field for experienced and aspiring entrepreneurs alike. Many of them are determined to make an impact in industries that have yet to be significantly modernized by technology. The urge to innovate in real estate is only natural — any homebuyer or seller who is a creative problem-solver will notice glaring inefficiencies in the process.

Real Estate 473

Real Estate Agents Technology Sellers 473

Housing Wire

FEBRUARY 11, 2021

It wasn’t long ago that scribes were writing the obituary of the mortgage underwriter. And yet, during the COVID-19 pandemic, the underwriter has become the most sought-after professional in the mortgage industry. Some underwriters were commanding five-figure bonuses on top of six-figure salaries. The problem is, there just aren’t enough of them.

Mortgage 466

Mortgage Clients Technology 466

Housing Wire

FEBRUARY 9, 2021

When you go to buy a home , your mortgage lender will almost always order a home appraisal. The purpose? They want to verify the home’s worth. Specifically, they want to be sure it’s worth the money they’re lending you and, most importantly, that they’ll recoup their investment if you default on the loan. Put simply, it’s a risk-mitigating measure. But what does it mean for you as the buyer?

Appraisal 458

Appraisal Real Estate Agent Sellers Real Estate 458

Housing Wire

FEBRUARY 8, 2021

After pushing back its initial public offering a week, loanDepot looks poised to tap the public markets at a $6.2 billion valuation later this week. The multi-channel mortgage lender hopes to raise $300 million by pricing its shares between $19 and $21. If all goes according to plan, loanDepot would command a valuation of $6.2 billion. Though $6.2 billion is a healthy number, it’s a far cry from the figure loanDepot floated when it first made noise about an IPO in the fall.

Valuation 458

Valuation Retail Lending Real Estate Agent 458

Housing Wire

FEBRUARY 9, 2021

Venture capital-backed real estate technology firm Matterport will merge with a blank-check company and go public in a deal that values the startup at $2.3 billion. Matterport, a spatial data firm that makes software for virtual property tours , will merge with a special purpose acquisition company (SPAC) led by billionaire investor Alec Gores. “We believe the proposed transaction with Gores Holdings VI unlocks the potential of our platform and accelerates our mission to make every building and

Real Estate 455

Real Estate Investors Investing Technology 455

Housing Wire

FEBRUARY 11, 2021

“Big Four” title insurer First American Financial Corp. announced a healthy $7.1 billion in total 2020 revenue in its annual earnings report, released Thursday. That’s a 14% rise year over year, according to officials. Net income was $696.4 million last year, or $6.16 per diluted share, and a pretax impairment of $54.9 million, or 45 cents per diluted share.

Insurance 425

Insurance Retail Business Mortgage 425

Housing Wire

FEBRUARY 10, 2021

The seesaw nature of mortgage applications continued for the week ending Feb. 5, as applications decreased 4.1% from the prior week, according to the latest data from the Mortgage Bankers Association. Applications were up 8.5% the week ending Jan. 29 – breaking a two-week stretch of decreases – before falling again last week. Mortgage rates have increased in four of the six weeks of 2021, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting

Mortgage 419

Mortgage Contracts Government Marketing 419

Housing Wire

FEBRUARY 11, 2021

Real estate brokers are a chatty bunch, but a few can be draining socially. Discuss the weather, how your pets are handling the pandemic, even the housing market, but these brokers will steer the conversation to one subject, and one subject alone – the residential real estate brokerage Compass. Compass – the broker will lament – puffs itself up as a “tech” company, but it’s really just another brokerage.

Brokerage 408

Brokerage Real Estate Real Estate Agent Realty 408