Housing Wire
JANUARY 7, 2021
2021 was supposed to be different. In the first days of the New Year, we have been dealing with a new strain of COVID, vaccinations aren’t going as planned and the political drama is hotter than ever. It was starting to seem like 2020 all over again. But it is different. On Jan. 5 the 10-year Treasury yield broke 1%, and on, Jan. 6, the 10-year remained above that line in the sand even with the storming of Capitol Hill.
Cleveland Appraisal Blog
JANUARY 7, 2021
Welcome to 2021! I hope you all are hanging in there and doing as well humanly possible. To start off the new year, I thought that I would tackle the topic of land. It can be easy to over-simplify value because value is not always as clear cut as it appears. For example, if a one-acre lot is selling for $10,000, does that mean that a two acre lot is worth $20,000?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Miller Samuel
JANUARY 5, 2021
Back on December 4, 2020, I wrote about the sham bylaw change being floated by the Appraisal Institute to avoid the embarrassment of the recent sham election process: The Sham 45-Day Bylaw Modification Process To Keep Jim Amorin’s Sham Petition Process Explained. To rush this through, the Appraisal Institute Board of Directors meeting is being held Wednesday, January 6th with sketchy notice.
The Robert Weiler Company
JANUARY 7, 2021
Are you searching for office space for lease in Columbus, Ohio? The region certainly has a lot to choose from, providing you understand the best methods for your search for office space. Once you find that dream office, though, you have to rely on your preparations and negotiating strategies to get the best lease price and terms of the space. You’re likely here because you want to learn some tactics.
Housing Wire
JANUARY 4, 2021
If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum. They’re marked by high levels of competition and rising home prices, and in most cases, you’ll have a harder (and more expensive) time finding a home.
JMV Lending
JANUARY 6, 2021
I touched on this last year a few times but am getting questions again because so many people have built Accessory Dwelling Units (ADUs) as a result of the COVID crisis. HOW MUCH IS MY ADU WORTH? An ADU or in-law or granny flat or outside cottage (or whatever you want to call it) is […]. The post Valuing An In-Law Unit Or An ADU (Accessory Dwelling Unit) appeared first on JVM Lending.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
The Robert Weiler Company
JANUARY 2, 2021
In real estate, buyers and sellers must be knowledgeable to make informed decisions. Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. Multifamily housing. A commercial building.
Housing Wire
JANUARY 4, 2021
The end of 2020 won’t necessarily mean saying goodbye to the favorable 2% mortgage rates that hit historically low levels 16 times over the past 12 months. In fact, most industry observers believe rates will remain at the same low levels in 2021 as the Federal Reserve uses low rates as a weapon to combat the economic effects of the COVID-19 pandemic.
Riverfront Appraisals
JANUARY 8, 2021
Have you ever wondered what’s going on in your neighborhood’s real estate market? The Riverfront Appraisals team is excited to introduce to you a new podcast we’re launching this year, the Owensboro Real Estate Update! This will be a weekly podcast bringing the latest news and information about our local real estate market directly to […]. The post New Podcast!
Appraisal Hub
JANUARY 6, 2021
Do you need to learn your home’s real market value? It is best to turn to one of the reputable and established appraisal firms in Toronto to hire a professional property appraiser. Knowing the actual market value of your home can be practical in different situations, such as when buying or selling, applying for a home equity loan, refinancing, or when verifying if your property can serve as collateral for cash or a small business loan.
McKissock
JANUARY 5, 2021
Last month (December), we asked our CE Plus members , “What are your career goals for 2021?” Here’s what they had to say. Real Estate Career Goals For 2021. “To sell more houses.” A lot of real estate agents stated that they wanted to “earn more” in the new year than they did in the previous year. However, when setting goals or resolutions, it is helpful to be as detailed as possible.
Housing Wire
JANUARY 5, 2021
Chicago-based lender Guaranteed Rate is acquiring multi-channel lender Stearns Holdings for an undisclosed sum, multiple sources told HousingWire Tuesday. Employees at Stearns, which is owned by financial giant Blackstone Group , were told in an all-hands call on Tuesday afternoon, sources told HousingWire. In a statement confirming the deal Tuesday afternoon, Guaranteed Rate said the acquisition of Stearns would enable a boost in retail loan originations and further scale its JV platform, while
REX Real Estate
JANUARY 4, 2021
When it comes to buying a home, most of us know what features are…
Housing Wire
JANUARY 8, 2021
Are you considering purchasing a home for the first time? Then you’re probably already saving money for your down payment. But what about all the other costs needed to complete the transaction? Understanding what expenses are required at closing to buy a house will help you budget and save more effectively. In this article, we break down exactly what closing costs are so you’re prepared when you start shopping for a home: What are closing costs?
Housing Wire
JANUARY 6, 2021
For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. The three primary reasons homeowners refinance to shorter-term loans are to save money on interest, to pay off the loan faster, and to build equity. But the possibility of reduced future earnings is another key reason some refinance into a 15-year loan.
Housing Wire
JANUARY 8, 2021
This is the fifth installment of our economist Q&A series, as we work to answer the top 2021 housing market questions for our HW+ members. Every Tuesday in December, HousingWire interviewed a top economist in the HW+ Slack channel. In each Q&A, we attempt to bring clarity to the top questions around housing supply shortages in 2021, the future of foreclosures and the future generation of homebuyers.
Housing Wire
JANUARY 8, 2021
This year, eClosings surged as remote online notarization became more popular and consumers looked for alternative ways to close on a home. Moving forward, the Mortgage Industry Standards Maintenance Organization , a not-for-profit subsidiary of the Mortgage Bankers Association , will continue to focus on digital closings. Over the final months of 2020, MISMO saw the number of companies with its RON certificate double to a total of eight companies.
Housing Wire
JANUARY 7, 2021
For the second consecutive month , Fannie Mae’s Home Purchase Sentiment Index , a composite index designed to track the housing market and consumer confidence to sell or buy a home, dropped six points in December to 74. Year-over-year, the HPSI is down 17.7 points. Both the “good time to sell” and “good time to buy” components fell significantly as respondents overwhelmingly noted unfavorability of economic conditions, according to Fannie Mae Senior Vice President and Chi
Housing Wire
JANUARY 8, 2021
For many of us, the start of a new year is usually synonymous with a renewed sense of professional self, focusing on new goals, new prospects for the year and, of course, the excitement for the upcoming spring real estate market. As we think about coming out of this first month of the year, we’ve quickly realized this year is going to be anything but planned or what we in the mortgage lending industry are used to.
Housing Wire
JANUARY 6, 2021
2020 has certainly been a year to remember. While we may be ready to firmly plant our feet in 2021, we shouldn’t leave the past 12 months behind without taking a critical look at how the COVID-19 pandemic has impacted the housing market, and how it will pave the way for 2021 and beyond. Before we repress these 2020 memories, let’s dive into how this pandemic has created housing disruption in a number of areas of the industry, providing us all a nudge toward trying new processes and technologies
Housing Wire
JANUARY 8, 2021
Another month of rising COVID-19 cases left the unemployment situation in the U.S. virtually unchanged in December, with the rate holding for the second month at 6.7%, the U.S. Labor Department said on Friday. Due to massive losses in the servicing sector outnumbering professional and construction job gains, the raw number of nonfarm payroll employment fell by 140,000 – the first decline since April of last year.
Housing Wire
JANUARY 6, 2021
Homeowners in the petri dish of iBuying can now sell their home via RedfinNow. Phoenix is the first market RedfinNow has launched in 2021, following the launch of San Francisco and Seattle early last month. RedfinNow is entering an already crowded market, joining the likes of Zillow , Opendoor and Keller Offers as well as bridge solutions like Knock Home Swap.
Housing Wire
JANUARY 6, 2021
To generate buzz for its upcoming independent public offering , United Wholesale Mortgage (UWM) is offering a special deal on conventional mortgage loans to select borrowers for the next two months. “We’re going to celebrate this exciting time by kickstarting 2021 with 61 basis points for the next 61 days on all of our conventional W2 borrowers,” UWM President and CEO Mat Ishbia said in a video sent to brokers on Wednesday.
Housing Wire
JANUARY 8, 2021
Correspondent and wholesale lender Homepoint is the latest mortgage company to aim for an IPO. The Ann Arbor, Michigan-based lender filed an S-1 with the Securities and Exchanges Commission on Friday afternoon. The company indicated in the S-1 that its price offering was $100 million, generally a placeholder for a larger offering. The company is expected to go public in the first quarter, sources told HousingWire.
Housing Wire
JANUARY 5, 2021
Months after it delayed its $250 million initial public offering, AmeriHome has signaled that it may now be ready to enter the public markets. The lender and servicer filed updated paperwork with the Securities and Exchanges Commission on Monday detailing its performance through Sept. 30. According to the updated S-1 , AmeriHome, owned by asset management firm Apollo Global , generated $173.8 million in net income during the third quarter.
Housing Wire
JANUARY 6, 2021
Mortgage applications dropped 4.2% from two weeks prior , according to the latest report by the Mortgage Bankers Association. Mortgage rates continued 2020’s trend at historically low figures, with the 30-year fixed rate at 2.86% and the 15-year fixed rate at a survey low of 2.40%, according to Joel Kan, MBA’s associate vice president of economic and industry Forecasting.
Housing Wire
JANUARY 8, 2021
After three consecutive weeks of increases , the number of mortgage loans in active forbearance fell by 92,000 the first week of 2021, according to a Friday report from Black Knight. This was a 3% drop and the greatest week-over-week decline since early November, largely driven by quarterly forbearance plans reaching their expiration. Black Knight now estimates 5.2% of all mortgages, and 2.74 million homeowners, are in some form of forbearance – accounting for $547 billion in unpaid principle.
Housing Wire
JANUARY 8, 2021
Months after taking over management of broker LOS platform ARIVE , mortgage software startup LendWize has finalized a deal to take complete ownership of the origination platform. LendWize took over management of the platform in early 2020 and integrated ARIVE’s software into its own technology stack. It launched a revised version of the ARIVE platform in June, featuring electronic lender integrations and improved tools.
Housing Wire
JANUARY 5, 2021
SimpleNexus , a digital mortgage startup, announced on Tuesday that it picked up $108 million in a Series B funding around. The fund raise comes as the company attempts to increase its marketshare within the eClosing and mobile mortgage segments. The Utah-based software developer offers a private-label digital mortgage platform and mobile app designed to connect lenders with borrowers and real estate agents.
Housing Wire
JANUARY 7, 2021
Knock has launched its Home Swap product in Jacksonville, Florida – the sixth location in the Sunshine State and 15th in the U.S. Before expanding to Jacksonville, Home Swap opened in the Miami, Fort Lauderdale and West Palm Beach, Florida markets in early December. During that time, the company said it had plans to expand into 21 markets by mid-2021.
Housing Wire
JANUARY 4, 2021
James Kleimann has been promoted to managing editor of HousingWire, the nation’s premier source of news and analysis for the mortgage, real estate and title industries. In this role, Kleimann will be responsible for leading HousingWire’s newsroom, both in directing news coverage and leading the editorial staff. He will also continue his own reporting on the industry’s leading lenders, including writing in depth HW+ features and covering the trends that are powering the housing economy forward.
Housing Wire
JANUARY 4, 2021
National Title and Escrow , which is based in Dexter, Missouri, announced its acquisition of Mississippi County Abstract and Loan , based in Charleston, Missouri. This acquisition will create National Title’s fourth office, in addition to its locales in New Madrid and Little Rock, Arkansas. The purchase also includes Mississippi County’s only title plant, an important detail to Jake Nesselrodt, National Title and Escrow director of operations.
Housing Wire
JANUARY 4, 2021
Citadel Servicing Corporation (CSC) , one of the country’s largest non-QM lenders , is rebranding as Acra Lending (Acra). The change is effective Monday. “We are excited to rebrand our business as Acra Lending to reflect the substantial time and resources we have dedicated to internalizing customer feedback, fine tuning our financial and operating model, and investing in the best people and technology,” Keith Lind, executive chairman and president, said in a news release. “The
Housing Wire
JANUARY 7, 2021
Acra Lending, one of the largest independent non-QM specialty finance lenders, has added to its suite of mortgage loan programs with the launch of its Jumbo Prime mortgage solution. Acra designed the program as an extension to its suite of programs for purchase or refinance of higher valued properties. “This specific program has been developed to meet the needs of customers in today’s environment and was launched to provide borrowers with the larger loan amounts they need to purchase or refinanc
Expert insights. Personalized for you.
545 
Let's personalize your content