Thu.Sep 30, 2021

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Mortgage rates finally eclipse the 3% mark

Housing Wire

The average 30-year-fixed mortgage rate rose 13 basis points to 3.01% for the week ending Sept. 30, according to Freddie Mac’s latest PMMS survey. Mortgage rates had been roughly flat for seven weeks, and this is the first time it rose above 3% since June. Sam Khater, Freddie Mac’s chief economist, said in a statement that rates rose across all loan types, in conjunction with the 10-year U.S.

Mortgages 483
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As Home Equity Rises, So Does Your Wealth

Keeping Current Matters

Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. This boost to your wealth comes in the form of equity.

Equity 264
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VA extends deadline for loan deferment

Housing Wire

The Department of Veterans Affairs announced this week that it is extending the timeframe for borrowers to request loan deferment. According to the VA’s circular, servicers may continue offering loan deferment until July 1, 2023, thus pushing the deadline nearly two additional years. The original expiration of this option was supposed to occur on Oct. 1, 2021.

Loans 404
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Buying a Home With Your Partner? Watch Out for These Common Disagreements

Lighter Side of Real Estate

Buying a home together is a major step for any couple. And while it’s an exciting step, it can also be a stressful one—particularly if there are things you and your partner just don’t agree on. But what, exactly, might you disagree on as you search for your dream home? A recent survey from LendingHome asked American couples about what they disagreed on while looking for a home—and a few key disagreements emerged, including: The price of the home (53 percent).

As-is 145
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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Regulation, forbearance leaves mortgage servicers in a bind

Housing Wire

The COVID-19 pandemic has caused historic, unprecedented challenges for mortgage servicers. Forbearance deadlines get pushed back seemingly in perpetuity, and an unproven, inconsistent technology infrastructure has the potential to result in a series of foreclosure and loss mitigation crises. This was one contention made during a panel featuring leaders in the mortgage servicing profession held at HW Annual in Frisco, Texas this week.

Mortgages 413

More Trending

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HousingWire Magazine: October/November 2021

Housing Wire

Brena Nath HW+ Managing Editor. 2021 has been a year of transition. We’ve been transitioning to a new White House administration, transitioning away from a refinance market and cautiously transitioning back to meeting in person. And now, the year is almost over, with only one more magazine issue left until we cross over into 2022. But before we head into the new year, this issue will focus on what today’s housing leaders and regulators are zeroed in on and the current state of housing.

Finance 370
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Understanding the CMA – Comparative Market Analysis

Realty Biz

Whether you are a seller, buyer, or investor, the Comparative Market Analysis (CMA) is an essential real estate pricing tool to understand. The basic purpose is to determine the current value of the property that constantly varies based on local market activity. Many factors are taken into consideration with local market values having the greatest effect, but other influences do strongly impact the current value of a property.

Marketing 131
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An inside look at local housing markets across the country

Housing Wire

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Kansas City, Missouri. “This is sick, and I want it to end,” said Sharon Aubuchon, a RE/MAX Premier Realty agent in Prairie Village, Kansas a suburb of Kansas City.

Marketing 370
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Cultivating Well-Being Through Gardening | An Interview with Landscape Designer Steven Mackler

Sotheby's International Real Estate

Photo courtesy of The Landscape Group (TLG Design). A lot has changed over the course of Steven Mackler’s 45-year career in gardening—and much of it has been for the better. “There’s been a tremendous increase in beautiful new plant varieties and cultivars, and the ability for both professional and lay gardeners to access them,” he explains. That’s why he encourages every homeowner to get better acquainted with their gardens, whether indoor or outdoor.

Design 117
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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The Origence Mortgage Platform increases borrower visibility and engagement throughout the loan process

Housing Wire

The loan origination process can be time-consuming and inefficient due to manual processes. Origence has addressed these common pain points by launching the Origence Mortgage Platform, a tightly integrated point of sale and loan origination system. The Origence Mortgage Platform removes inefficiencies from the loan origination process through automation and configuration.

Loans 374
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Canadians Now Owe Over $266 Billion In HELOC Debt

Better Dwelling

Canadians are once again comfortable spending their recent home equity windfall. The balance of home equity line of credit (HELOC) debt reached a new record high in July. Growth has recovered from last year’s low, and is now at the highest level since before the pandemic. Canadians Owe Over $267 Billion In Debt Secured By […]. The post Canadians Now Owe Over $266 Billion In HELOC Debt appeared first on Better Dwelling.

Equity 116
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FinXperience brings all parties in the loan process together on one platform

Housing Wire

The use of tech in the current mortgage application process is disjointed and siloed. Borrowers, loan officers, and the corresponding processors and underwriters are often working on entirely different systems. Meanwhile, borrower’s real estate agents, brokers, and financial advisers may not even have access to those systems, preventing them from supporting their clients through what is typically the largest financial transaction of their lifetime.

Loans 369
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‘The Fever … Has Broken’: Is the Housing Market Frenzy Really Going To Cool Off This Fall?

Realtor.com

This fall, the white-hot housing market is expected to continue to cool like the temperatures outside. Here's what that will mean for buyers and sellers. The post ‘The Fever … Has Broken’: Is the Housing Market Frenzy Really Going To Cool Off This Fall? appeared first on Real Estate News & Insights | realtor.com®.

Marketing 112
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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Stavvy’s solution securely digitizes and automates every aspect of the real estate transaction process

Housing Wire

Most digital solutions in the lending industry are designed to solve one problem and built for one audience in mind. This fragmentation makes it difficult for everyone involved in the lending process to communicate with each other effectively. Stavvy has the power to bring these disparate components together. Stavvy enables digital transformation by helping organizations navigate complex financial and legal transactions easily and safely, which allows organizations to put customer experience at

Title 363
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Nat City Closing

BubbleInfo

Our apartment-house listing closed escrow today for $3,500,000. The buyer is from Vancouver, and came to see the property for the first time at the final walk-through… to which her agent no-showed, so I was left to sell her on it. I don’t mind, because I’ve been selling the value for months. But it’s another example […].

Closing 105
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Hot Seat: Philip Reinking of Allied Solutions

Housing Wire

The housing industry experienced dramatic growth during the COVID-19 pandemic. With fluctuating volume, mortgage servicers are still struggling to effectively scale their business. Tack on the challenges presented by not being able to connect in person, and it’s clear that servicers are navigating a unique set of obstacles. Unfortunately, it doesn’t look like the world is going back to normal anytime soon.

Lending 354
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12 Exterior Home Improvements That Delight and Add Value

HomeLight

On the never-ending list of projects you could tackle as a homeowner, exterior home improvements deserve a spot at the top. Additions like patios provide the perfect place to enjoy a morning cup of coffee, while a well-maintained lawn keeps the neighbors happy. An inviting exterior will also preserve your home’s value and make it infinitely more appealing at resale.

Agents 117
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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First American Title partners with Notarize on RON

Housing Wire

First American Title Insurance Company announced Thursday that it has partnered with Notarize to expand and accelerate adoption of remote online notarization (RON). RON capabilities will be available through the company’s Direct and Agency division operations, making it possible for homebuyers, sellers and borrowers to close their home purchase or refinance transactions remotely.

Title 350
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Homeownership Rates by Race and Ethnicity

Eye on Housing

The Survey of Consumer Finances (SCF) provides detailed information on the finances of U.S. families, including income, net worth, balance sheet components, credit use, and other financial outcomes. A previous analysis indicated that the primary residence continued to be the largest asset category on the balance sheets of households in 2019 and it accounted for about one quarter of all.

Finance 111
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For I Heart Real Estate, it’s about more than real estate

Housing Wire

When the I Heart Real Estate team isn’t busy with clients, it’s a safe bet that the company is helping someone, somewhere, in a time of need. Founder and CEO Christopher Stevens insists on it. On the I Heart Real Estate blog section of the company website, a post authored by Stevens entitled “Do You Have Heart?” is near the top. An excerpt from the post reads “Confucius said, ‘wherever you go, go with all your heart.

Brokerage 343
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The Logistics of Brokerage Growth

Realty Biz

“ Amateurs talk about tactics, but professionals study logistics. ” This quote, often attributed to former Chairman of the U.S. Joint Chiefs of Staff, Omar Bradley, applies to today’s real estate market. Many brokers now see opportunity ahead in the softening market. They are developing strategies and tactics to take advantage of growth opportunities and focusing on brokerage logistics.

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

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Origination platforms and solutions special reports

Housing Wire

It’s no secret the origination process is complex. And in today’s chaotic market, mortgage companies could benefit from a solution that streamlines the mortgage process so they can close more loans. Lenders need a digital platform that provides straight-through processing to improve their day-to-day workflow and maximize operational efficiencies. With a platform that leverages data and automates time-consuming tasks, mortgage companies can reduce costs and increase their revenue.

Loans 329
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Mortgage and refinance rates today, Sept. 30, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates did fall yesterday. But only by the smallest measurable amount. Of course, these rates remain incredibly low by historical standards. But they’re […].

Mortgages 100
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Everything Homebuyers Should Know About Realtor Fees

HomeLight

Updated September 30, 2021. Though homebuyers tend to begin their search online , 89% of them ultimately purchase their home through a Realtor®. That’s not surprising, considering that during the home search, your Realtor® is your guide to the market, bringing a wealth of resources you can’t find elsewhere. But when you hire a Realtor®, how do they get paid?

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Experienced Training and Management Team Steps Up to Support First Team Yorba Linda Office

First Team Real Estate

YORBA LINDA, CA – We are proud to announce Regional Manager Terry Karges and top-producing agent Steve Osborne will be teaming up to manage our First Team Real Estate Yorba Linda Office , ranking as the #1 real estate office in Yorba Linda by total units and volume1. Previously our Director of Training and currently managing several of the company’s top offices across Orange County, Terry will be supporting the needs of over 140 agents, working closely with Steve, who brings over 30 years of ind

MLS 98
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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.