Wed.Feb 17, 2021

Americans’ mortgage debt increased to $10T in Q4

Housing Wire

Overall household debt increased by $206 billion in the fourth quarter of 2020 to $14.56 trillion, according to the Federal Reserve Bank of New York. The Fed said that increase was primarily driven by a dramatic increase in mortgage originations.

3 Ways Home Equity Can Have a Major Impact on Your Life

Keeping Current Matters

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years.

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These are the top 5 real estate podcasts

Housing Wire

Podcasts are the latest infotainment craze to take the American public by storm. With more than 850,000 active podcasts and nearly 31 million downloads in 2020 alone, podcasting has cemented itself as a true American pastime.

Canadian Bank: “Your House Makes More Than You Do,” Draw Your Own Conclusion

Better Dwelling

One of Canada’s largest banks brought attention to a warning sign in many real estate markets. BMO published a research note titled “Your House Makes More Than You Do,” by senior economist Sal Guatieri. The note focuses on how sustainable and long-term current housing trends are.

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Hello 2021, goodbye credit reporting agencies?

Housing Wire

For those of us who have been in the mortgage industry for any length of time, we understand the complexities surrounding guidelines, the importance of staying up to date on key changes within the industry and how our communication to both our clients and partners is imperative in order to build and maintain relationships.

NAR: Black Homeownership Rate Behind White Americans By Nearly 30%

RIS Media

NAR officials say data reinforces need for implementation of key housing policy initiatives to close persistent minority homeownership gaps.

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More Trending

Builder Confidence: High Demand Offsets Higher Costs – For Now

Eye on Housing

Strong buyer demand helped offset supply chain challenges and a surge in lumber prices as builder confidence in the market for newly built single-family homes inched up one point to 84 in February, according to the latest NAHB/Wells Fargo Housing Market Index (HMI).

Mortgage applications drop for second week

Housing Wire

As mortgage rates come off of their historic lows, mortgage applications dropped for the second week, according to data from the Mortgage Bankers Association. Mortgage applications dropped 5.1% for the week ending Feb. 12, after falling 4.1% the week prior.

Canada’s Expected Mortgage Credit Losses Reaches A Record $1.4 Billion

Better Dwelling

Despite Canada’s hot real estate market, lenders expect a record amount in losses. Statistics Canada (Stat Can) data shows expected credit losses (ECL) jumped in Q3 2020. ECLs are now at a record high according to the agency, but are a relatively small percent of total mortgage debt.

Black mortgage applicants far more likely to be rejected

Housing Wire

Black homebuyers’ mortgage applications are 2.5 times as likely to be rejected as the submissions of white home shoppers. That’s one finding from a National Association of Realtor’s report released Wednesday that reveals glaring racial disparities in an otherwise rosy home market.

What is mortgage loan modification, and is it a good idea?

The Mortgage Report

Loan modification helps borrowers who can't pay their mortgage due to financial hardship. Learn more about a loan modification vs. refinance. Homeownership Topics Refinance

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@properties plucks Detroit shop as first franchisee

Housing Wire

Chicago’s @properties announced its first franchise location Tuesday – the Detroit shop formerly known as Alexander Real Estate. Alexander, now rebranded as @properties , is a four-year-old firm with 45 agents and $120 million in 2020 sales volume that has so far focused on downtown Detroit.

Beware of Frostbite Risks During Extreme Cold

RIS Media

(TNS)—Extreme cold brings with it a greater risk for frostbite. It’s more common and often more serious than many people think. The good news is that frostbite is fairly easy to avoid.

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FHFA releases 2021 scorecard for Fannie and Freddie

Housing Wire

The FHFA released its 2021 Scorecard for Fannie Mae , Freddie Mac and Common Securitization Solutions on Tuesday, adding new resolution planning requirements for the GSEs.

12 Tips for Becoming a Successful Real Estate Agent in the Luxury Market

RIS Media

Ever wonder how in the world one becomes a successful real estate agent in the luxury market? You’re not alone.

Why is Black homeownership declining?

Housing Wire

This HousingWire Daily podcast transcription features an interview with Monique Winston , vice president-national business development executive and chair of the diversity and inclusion council at WFG National Title Insurance Company.

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CEO Sherry Chris on the Implications of Change in the Real Estate Industry

Real Trends

The pandemic has brought uncertainty, but this is no time for pessimism. Here are some ways things are changing and how the client and agent experience has been enhanced. Leadership Insights Realogy COVID-19 First Person

First American partners with loss mitigation provider

Housing Wire

First American Mortgage Solutions , a subsidiary of “Big Four” title insurer First American Financial , has executed a strategic tech integration with default and loss mitigation workflow provider BackInTheBlack.

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Realtor Bettianne Hedges explores the life almost lived in her novel

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Realtor Bettianne Hedges explores the life almost lived in her novel.

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Radian CTO Mark Wai to speak at Spring Summit

Housing Wire

Mark Wai, executive vice president and chief technology officer at Radian , will speak on the Mortgage Disruption Outlook panel at HousingWire’s Spring Summit on March 4. Wai has been building applications and working in technology for two decades.

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Brokerages Ignoring the Obvious Solution, Part 372

Notorious ROB

Forgive the rant, but after lo these many years, I have to get this off my chest. Since this is rant — though potentially a helpful one if you are a brokerage owner — do feel free to skip it completely. Won’t hurt my feelings, and you might not want to confront reality. On Facebook.

Harnessing the Web to Stay Ahead in a Competitive Market

RIS Media

Real Estate Webmasters helps Texas real estate professional double down on SEO. Rodenbeck. When talking technology with Ryan Rodenbeck—broker/owner of Spyglass Realty in Austin, Texas—you can feel the energy amping up in his voice.

How to generate leads: Tips for new real estate agents

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: How to generate leads: Tips for new real estate agents.

3 Important Things to Know Before Buying a Home

Tre Pryor

For sure, you dream that one day you can have your own house. You browse online to find different home styles that you like. Every day you work hard and save as much as possible so that you can purchase this dream house. Investing your money in houses is a wise decision.

Simply Dried Fruit Snacks

American Lifestyle

The post Simply Dried Fruit Snacks appeared first on American Lifestyle Magazine. All Recipes Healthy Healthy Recipes Snack Smarter Vegan Dried Fruit fruit Quick & Easy Roll Ups Snack Travel vegetarian

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Product Spotlight: A Business Strategy That Gets Powerful Results

RIS Media

Every business needs a solid strategy in order to sustain its success. If you had your best year ever, but you can’t explain why, then it’ll be tough to replicate those results moving forward.

How Much Does a Home Appraisal Cost?

Redfin

Congratulations, you’ve found a home that you’re ready to buy. From the days of saving for a down payment, searching the housing market for your dream home, homeownership is almost in sight.

Can You Take a Home Office Tax Deduction Due to COVID-19? A Reality Check

Realtor.com

JannHuizenga / Getty Images 2020 was the year of WFH: Working from home became a reality for countless Americans, as company offices closed down to curb the spread of COVID-19.

Bidding wars heat up, but buyers are undeterred

Realty Biz

Home buyers in the U.S. are facing increasingly fierce bidding wars, but even as prices rise and competition heats up, they’re not giving in.

Top 10 Underrated Ski Towns to Own a Winter Home

Redfin

With the increasing flexibility and comfort of remote work, many have begun looking into purchasing a second home or vacation property for a change of scenery from their everyday lives. If this sounds like you, owning a winter home in a ski town might be worth considering.

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