Housing Wire

FEBRUARY 3, 2021

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. Such a scenario illustrates the growing disparities in the U.S. housing market. As one struggling group of homeowners braces for the end of forbearance and navigates COVID-19-related economic shocks, another segment is better positioned than ever to scoop up properties that become available.

Lending 545

Lending Mortgages As-is Marketing 545

Keeping Current Matters

FEBRUARY 3, 2021

Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still a common myth that you have to come up with 20% of the total sale price for your down payment.

VA loan 254

VA loan Loans As-is Mortgages 254

Housing Wire

FEBRUARY 3, 2021

United Wholesale Mortgage originated more than $54 billion in mortgages and generated more than $1.3 billion in net income during the fourth quarter, the company revealed on Wednesday. The wholesale lender’s parent company reported $54.7 billion in originations, a 71% increase from the $31.9 billion the Michigan-based lender originated in the fourth quarter in 2019.

Mortgages 517

Mortgages Investor Technology Closing 517

Realtor.com

FEBRUARY 3, 2021

Westend61/Getty Images Starry-eyed first-time home buyers are getting a rude awakening to the realities of today’s high-stakes home-buying market. The coronavirus pandemic supercharged the housing market, as buyers urgently seeking more space flooded the market, lured by low mortgage rates. That’s on top of the usual dynamics of household expansion: Many millennials hit 30 and wanted homes that could accommodate a growing family.

Marketing 131

Marketing Banks Finance Loans 131

Advertisement

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.

Agents

Housing Wire

FEBRUARY 3, 2021

Mortgage applications jumped 8.15% from the week ending Jan. 29, breaking a two-week streak of decreases, according to the latest data from the Mortgage Bankers Association. The refinance index also increased 11% from the previous week – up to its highest level since March 2020 – and was 59% higher year-over-year. The seasonally adjusted purchase index increased 0.1% from one week earlier, though the unadjusted purchase Index increased 8 percent compared with the prior week and was 1

Fixed-rate mortgage 408

Fixed-rate mortgage Mortgages Loans Industrial 408

Realty Biz

FEBRUARY 3, 2021

There is something so unique and wonderful about older homes. Not only do they have character, but they also have a story. Yet, while they are charming and beautiful, they also have some disadvantages that come with the age. To make sure that you are making the right decision for you and your family, we have compiled a few pointers on what to consider before buying an older home.

Inspection 125

Inspection As-is 125

Fancy Pants Homes

FEBRUARY 3, 2021

Call him Neo, Mr. Anderson, John Wick, or Baba Yaga — Keanu Reeves is so good at what he does that it’s easy to forget that he’s none of these characters. The reality is that no, Keanu Reeves is not Neo, he’s not John Wick, and he doesn’t live in a stylish home on the East Coast. . Despite Reeves’ well-known aversion to the spotlight and the paparazzis, he lives in the ultimate celebrity Mecca – Los Angeles.

As-is 124

As-is 124

Housing Wire

FEBRUARY 3, 2021

Mortgage servicers received less complaints at the Consumer Financial Protection Bureau (CFPB) in the fourth quarter of 2020, according to data from Inside Mortgage Finance. The data showed that mortgage protests overall decreased by 6.7% in the fourth quarter, while complaints about loan modifications dropped 10.1%, servicing concerns dropped 6.7% and criticisms about applications fell 8.6%.

Mortgages 355

Mortgages Bankruptcy Finance Loans 355

Brownstoner

FEBRUARY 3, 2021

Intransigent transit officials have refused to move their emergency vehicles off of a plot of land in Greenpoint to a planned new facility next door, further delaying a promised park along Newtown Creek some 16 years in the making, according to local pols. “We are still faced with the MTA dragging… Read More > The post Long-Delayed Greenpoint Park Still On Hold While Site Serves as MTA Parking Lot appeared first on Brownstoner.

Land 123

Land Commercial Development 123

Housing Wire

FEBRUARY 3, 2021

Pacific Western Bank , the wholly owned subsidiary of PacWest Bancorp , announced Tuesday it had acquired Civic Financial Services , a private money lender that caters to real estate investors. Wedgewood , a real estate investment firm that focuses on distressed properties, was the seller of Civic. Terms of the deal were not disclosed. Pacific Western Bank hailed the acquisition as a strategic move into specialized areas of the non-QM market.

Banks 304

Banks Lending Investor Loans 304

Advertiser: Trellis

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.

Loans

Toronto Realty Blog

FEBRUARY 3, 2021

TorontoRealtyBlog. I’ll be honest here: I had originally selected a different photo for today’s blog. While searching with the “weather” theme, I found a beautiful photo of a giant lightning bolt striking down from the sky, with city lights below. But then I thought, “Maybe people won’t see the beauty that I see?

Marketing 122

Marketing As-is Agents Sales 122

Housing Wire

FEBRUARY 3, 2021

Figure Technologies CEO and co-founder Mike Cagney will be speaking on mortgage disruption and the outlook for 2021 at HousingWire’s Spring Summit on March 4. Prior to Figure, Cagney cofounded Social Finance (SoFi). He also co-founded Cabezon , a global macro hedge fund and proprietary trading shop that works for a select group of family office clients.

Technology 285

Technology Mortgages Finance Design 285

Realtor.com

FEBRUARY 3, 2021

realtor.com | Getty Images Cast your mind back to 2002. Nickelback had the year’s top song, and the Tampa Bay Buccaneers were the champs of the NFL. It was the team’s first season with fiery head coach Jon Gruden , and the Bucs had visions of multiple Lombardi trophies lining the cabinets. Long-suffering fans were ecstatic and ready to keep the pirate ship at Raymond James Stadium well-stocked with cannon fodder to celebrate their team’s triumphs.

Renovation 119

Renovation Land As-is Closing 119

Housing Wire

FEBRUARY 3, 2021

This HousingWire Daily interview transcription features a crossover episode from HousingWire’s Housing News podcast. In this episode, Vermillion Consulting ’s Dale Vermillion discusses how mortgage lenders can best adjust their businesses during periods of growth and how they can also support their staff during tumultuous times. Listen to the full episode here and make sure to subscribe to the podcast on iTunes.

Mortgages 230

Mortgages Industrial Finance As-is 230

Advertisement

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.

Sales

Realty Biz

FEBRUARY 3, 2021

Finding the best mortgage to fit your specific needs is no simple task. You should certainly shop around for your mortgage but you need tools to make apple-to-apple comparisons. If you’re not a math junkie, you’ll probably have some frustration working through the details but it will make you financially wiser in the end. Understand the APR (Annual Percentage Rate).

Closing 117

Closing Mortgages Principal Loans 117

Realtor.com

FEBRUARY 3, 2021

valentinrussanov/Getty Images For many hopeful first-time home buyers , the barriers to purchasing a house are high. If you’re a potential home buyer and you qualify for a conventional loan, you still need thousands of dollars in cash for a down payment, closing costs , and other expenses. If you have only limited credit, you may not qualify for a mortgage at all.

Loans 111

Loans FHA loan Finance Loan Officer 111

Better Dwelling

FEBRUARY 3, 2021

Low income Canadians are going to have a heck of a time finding new rental housing. A Canada Mortgage and Housing Corporation (CMHC) analysis shows how much rental stock is affordable by income quintile in 2020. Affordability is defined as purpose-built units that cost less than 30% of each quintile income. For those that skipped […]. The post The Bottom Fifth of Canada’s Households Can No Longer Afford Housing In Big Cities appeared first on Better Dwelling.

Mortgages 108

Mortgages As-is 108

Eye on Housing

FEBRUARY 3, 2021

For a rising share of home buyers, housing affordability is improving. According to the Housing Trends Report for the final quarter of 2020, 38% of buyers are able to afford half or more of the homes available for-sale in their markets. A year earlier, that share was 21%. The increase is an indication that historically low mortgage rates continue to.

Mortgages 108

Mortgages Sales Marketing 108

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.

Agents

Point2Homes

FEBRUARY 3, 2021

Image: Tob1900 / Shutterstock.com. Moisture buildup inside the home should generally be cause for concern, as humidity indoors can lead to mold , and this can generate a variety of health problems. To lower humidity, you should first identify what’s causing it. Below are six common causes for interior moisture buildup, along with solutions to help reduce humidity in the house.

As-is 105

As-is 105

The American Genius for Real Estate

FEBRUARY 3, 2021

(REAL ESTATE TECHNOLOGY) Emoji have created a funny inventive way to communicate in modern times, but they may be unintentionally excluding blind people. The post Emoji ladened tweets are not accessible to the blind; let’s fix this. appeared first on The American Genius Real Estate.

Technology 105

Technology 105

The Mortgage Report

FEBRUARY 3, 2021

Mortgage amortization is the process of paying down your home loan. Your amortization schedule affects your payments, home equity, and payoff date.

Mortgages 115

Mortgages Equity Loans 115

The American Genius for Real Estate

FEBRUARY 3, 2021

(MARKETING NEWS) It comes as no surprise that companies are figuring out ways to use AI for marketing. Let us introduce you to Albert, the AI marketer sure to help business boom. The post Building your business? This AI robot wants to find leads for you appeared first on The American Genius Real Estate.

Marketing 103

Marketing 103

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.

Agents

BubbleInfo

FEBRUARY 3, 2021

We’ve had 208 closed SFR sales between La Jolla and Carlsbad this year. How crazy is it? Eighty homes sold over the list price, which is 38% of the total number of sales. Of those, most were just $10,000 to $50,000 over list, but there were some big bombers: Most % Over List Price List […].

Closing 101

Closing Sales 101

Realtor.com

FEBRUARY 3, 2021

valentinrussanov/Getty Images For many hopeful first-time home buyers , the barriers to purchasing a house are high. If you’re a potential home buyer and you qualify for a conventional loan, you still need thousands of dollars in cash for a down payment, closing costs , and other expenses. If you have only limited credit, you may not qualify for a mortgage at all.

Loans 98

Loans FHA loan Finance Loan Officer 98

Waterfront Properties

FEBRUARY 3, 2021

This weekend, Jupiter’s Downtown Abacoa is hosting a Downtown Abacoa Cruise In Car Show. The classic car show will dozens of classic cars and music. All vehicles up to the year 1999 are welcomed to join the car show. The car entry is $10 dollars, and the roads will begin closing around 2 pm this Saturday, February 6th. The Downtown Abacoa Cruise Details: When: Saturday, February 6th Time: 4 pm to 8 pm Location: Town Center Drive in Jupiter During the car show, stop by one of Downtown Abacoa’s re

Closing 98

Closing 98

RIS Media

FEBRUARY 3, 2021

Last year was filled with unique challenges that no one could have anticipated. We adopted the phrase “social distancing”; turned the home into an office, school or gym; and added masks to the list of things not to forget when rushing out the door. The way that real estate agents conducted business changed dramatically as well. Digital meetings and virtual tours became the norm, while in-person showings came with increased cleaning protocols and safety procedures.

Agents 98

Agents Marketing 98

Advertisement

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.

Agents

Brownstoner

FEBRUARY 3, 2021

A curvy, twisty tower wedged between the Brooklyn Bridge and the Brooklyn-Queens Expressway is starting to rise in Dumbo. Located at 60 Front Street, the building is currently standing at five stories, including the base structure, recent visits to the site show. Construction on the remaining 21 stories, which will… Read More > The post Dramatic Curvy Tower Rising in Former Parking Lot Near Brooklyn Bridge in Dumbo appeared first on Brownstoner.

Construction 98

Construction Development 98

RIS Media

FEBRUARY 3, 2021

What if you could reach out to hundreds of potential clients who were already warmed up to sell their luxury listing? When you work expired listings , that’s exactly what you’re doing. The problem? Reaching out to expired listings isn’t exactly a “secret” real estate marketing strategy, and sellers are often contacted by a number of other luxury real estate professionals pitching their services.

Agents 98

Agents Branding Industrial Design 98

Point2Homes

FEBRUARY 3, 2021

Image: udra11 / Shutterstock.com. Having spent a lot more time at home than usual throughout 2020, it’s perhaps only natural that interest in home improvements and renovations rocketed. Perhaps staying home has opened your eyes to the maintenance you’ve been putting off, or inspired you to grab some tools and get to work. However you plan to renovate your home in 2021, you’ll need a way to pay for it.

Renovation 98

Renovation Finance Equity Closing costs 98

RIS Media

FEBRUARY 3, 2021

Use Recognition to Both Celebrate Past Success and Ensure Future Growth. A common occurrence each new year is celebrating the achievements of the previous year. Your team, office or company have likely planned some sort of recognition of sales production, listing final results in categories such as units, volume, commissions, often breaking them down into further categories for individual agents, teams, new agents and overall.

Sales 98

Sales Agents Branding As-is 98

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.

Sales