Wed.Dec 16, 2020

article thumbnail

Mortgage applications rebound as mortgage rates drop

Housing Wire

After two weeks of decreases, the Mortgage Bankers Association reported that mortgage applications increased 1.1% during the week ending Dec. 11 amid mortgage rates that hit a new survey low. In its latest weekly survey the MBA said the 30-year fixed mortgage rate dropped five points to 2.85% – due, partly, to uncertainty over the prospects of additional pandemic-related government stimulus, as well as concerns about the continued rise in COVID-19 cases across the country, according to

article thumbnail

3 Reasons to Be Optimistic about Real Estate in 2021

Keeping Current Matters

This year will be remembered for many reasons, and optimism is one thing that’s been in short supply since the spring. We’re experiencing a global pandemic, social unrest, an economic downturn, and natural disasters, just to name a few. The challenges brought on by the health crisis have also forced many homeowners to reevaluate their space and what they need in a home going into 2021.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fed will keep interest rates low until economy recovers

Housing Wire

The Federal Reserve left its overnight lending rate unchanged on Wednesday, and said it expects to keep interest rates low until labor market conditions and inflation hit the Federal Open Market Committee ‘s standards of maximum employment and inflation moderately exceeding 2% for some time. “Our guidance is outcome-based and is tied to progress toward reaching our employment and inflation goals.

Lending 471
article thumbnail

6 Reasons Why Buying a Fixer-Upper May Not Be a Good Idea Right Now

Realtor.com

Creatas/Getty Images Buying a fixer-upper and transforming it into the home of your dreams is hardly a new concept. Few people—especially first-time home buyers —can afford to buy a house with all the bells and whistles, so it’s common for people to opt for some version of a fixer-upper and make plans to renovate it in the future. We can also give a nod to HGTV’s Chip and Joanna Gaines for making fixer-uppers cool in the last handful of years.

article thumbnail

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.

article thumbnail

Three brokers go to war with United Wholesale Mortgage

Housing Wire

United Wholesale Mortgage is facing a potentially ugly court battle from a few of its own constituents. Three mortgage brokers in California claim that UWM pulled the rug out from beneath them in March when it changed the commission structure on mortgages that were quickly paid off by borrowers. The lawsuit is seeking class-action status. . On March 12, 2020, UWM executive Allen Beydoun appeared in a video sent to the roughly 100 mortgage brokers he claimed were responsible for higher-than-indus

Mortgages 414
article thumbnail

Year-over-Year Gains for Home Purchases Continue

Eye on Housing

The Mortgage Bankers Association’s (MBA) latest Weekly Application Survey shows that, for the week ending December 11, 2020, mortgage application activity decreased by 1.1% from the prior week on a seasonally adjusted basis, as indicated by its Market Composite Index. One of its two constituent indexes, the Purchasing Index, increased by 1.8% from the previous week while the other, the.

Mortgages 144

More Trending

article thumbnail

It’s a Shake-Up! These 10 Drastically Different Design Trends Will Be Everywhere in 2021—and Beyond

Realtor.com

Interior Obsession/Houzz We’re finally closing the book on 2020, and many of us have never felt more desperate for a fresh start and a new beginning. And since it’s not like we’re leaving the house anytime soon, it makes perfect sense that the first place to start anew would be at home. (Plus, decorating and home renovation projects are a pretty good distraction from ever-present existential dread, if we do say so ourselves.).

Design 142
article thumbnail

NEXA Mortgage sued over broker’s alleged data theft

Housing Wire

In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. Smart Mortgage , which operates in Illinois, Indiana, Colorado and Florida, filed suit against former senior loan processor Brian Noe and NEXA Mortgage earlier this month in federal court in Illinois.

Mortgages 393
article thumbnail

Would You Roll the Dice on Nevada’s ‘Hard Luck Castle’?

Realtor.com

Jake Rasmuson An offer is pending on a remote and distinctive dwelling in Nevada known as the Hard Luck Castle and Mine. “We got a lot of interesting calls from people in various parts of the country, because it was marketed as kind of a Doomsday ‘Mad Max’ house, out in the middle of nowhere on 40 acres,” explains the listing agent, Brian Krueger. “It is completely off-grid, self-sustaining.

Land 119
article thumbnail

2021 will be the year of the tech-enabled agent

Housing Wire

2020 was a year that forced a number of industries to modernize and adopt technologies that had been otherwise underutilized. For the housing economy in particular, tech helped to solve many of the challenges that COVID presented and allowed the industry to not only sustain, but prosper. “In 2021, technology will no longer be a ‘nice to have,’ but a must for building trust and standing out amidst an abundance of competitors in the wake of the pandemic,” said John Berkowitz, CEO of OJO Labs.

Agents 382
article thumbnail

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.

article thumbnail

‘Barndominium’ Bonanza! 11 Rustic and Cozy Barns for Sale Right Now

Realtor.com

realtor.com Practical, customized, and reasonably priced, “barndominiums” are wildly popular with buyers looking for a sensible solution for building a country home. Scattered around the country, with a strong concentration in Texas, barndominiums are technically industrial buildings converted into living spaces. But once you take a look at this list of 11 barndominiums up for sale, you’ll find cozy, stylish spaces loaded with upgrades—and plenty of room to spread out.

Sales 115
article thumbnail

Mortgage Tech Demo Day: Calyx

Housing Wire

Path. Path® is the industry’s intuitive cloud-based LOS engineered for mid-tier to large, enterprise-level financial institutions or mortgage bankers. Path is designed to simplify the loan process while still providing the controls and flexibility you need to run your business your way. Product Fast Facts: #1. Path has a 99.95% system uptime guarantee which means no more interrupted system access or response times. #2.

Mortgages 375
article thumbnail

Air filtration systems to become standard in future homes

Realty Biz

Air treatment systems are likely to become a common feature of buildings in future, the Wall Street Journal reported last week, as a direct result of the COVID-19 pandemic. In the next decade, real estate agents can expect to field lots more questions about a home or building’s air cleaning and ventilation systems, as some of the nation’s largest builders say these will become commonplace in new buildings by 2030.

article thumbnail

Mortgage Tech Demo Day: Cloudvirga

Housing Wire

Cloudvirga TPO. Cloudvirga TPO automates a lender’s wholesale origination workflow and provides private-label point of sale solutions to the lender’s brokers. Using the new platform, brokers can compare products and pricing, upload loan files, run dual AUS, prepare disclosures, order products and submit underwriter-ready loan packages—all in less than 10 minutes.

Mortgages 355
article thumbnail

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.

article thumbnail

NAR and other industry groups call for the end of conservatorship

The American Genius for Real Estate

(REAL ESTATE ASSOCIATIONS) The National Association of Realtors joins industry groups to urge the Treasury to avoid a rushed end to conservatorship. The post NAR and other industry groups call for the end of conservatorship appeared first on The American Genius Real Estate.

article thumbnail

Mortgage Tech Demo Day: FileInvite

Housing Wire

FileInvite. Manage more loan applications, and close them faster with automated document collection. Customer facing teams spend extensive time following up on missing or incorrect documentation. FileInvite helps borrowers provide brokers and banks with all the information they need to close loans faster. Our intuitive system lets teams and leadership gain visibility over their document pipeline and ensures a seamless client experience.

Mortgages 330
article thumbnail

NAR Report: Comparing changes in home buying during COVID-19

The American Genius for Real Estate

(REAL ESTATE BIG DATA) COVID-19 is changing the landscaping of home buying in the U.S. NAR’s new report shows some signs of where it’s headed. The post NAR Report: Comparing changes in home buying during COVID-19 appeared first on The American Genius Real Estate.

111
111
article thumbnail

Mortgage Tech Demo Day: Insellerate

Housing Wire

Insellerate Customer Experience Platform. Manage more loan applications, and close them faster with automated document collection. Insellerate helps lenders close more loans through better borrower engagement. The mortgage industry’s most innovative Customer Experience platform. We deliver dynamic technology, strategy, and content for every channel of your business to ensure engagement throughout the borrower’s journey.

Mortgages 259
article thumbnail

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.

article thumbnail

How Top Producers Spend More Time Selling

RIS Media

Focusing on the most critical part of the real estate cycle and using mobile-friendly tech solutions enables real estate professionals to devote more time to sales. Top real estate producers achieve their success by devoting more of their time to selling. What do they know and do that other real estate professionals don’t? Simply put, they’ve learned to focus their efforts on the most important part of the real estate cycle.

Staging 109
article thumbnail

Mortgage Tech Demo Day: ActiveComply

Housing Wire

Social media & website compliance for the financial industry. Social media compliance made easy for the financial industry. Our cloud-based solution for mortgage lenders, banks, and credit unions helps you engage with social media safely and meet your compliance and archival requirements. Easily find and monitor loan officer social media from one unified platform.

Mortgages 291
article thumbnail

Grammy Winner Stephen Marley Scores a Tropical Florida Estate for $3.4M

Realtor.com

realtor.com, Barbara Zanon/Redferns via Getty Images Eight-time Grammy winner Stephen Marley —son of the reggae legend Bob Marley —has another hit on his hands. He just purchased a lush 5.6-acre estate near Miami for $3.4 million. The sale included two adjacent properties in Homestead, FL, that include a main house and two guesthouses. In total, the compound offers seven bedrooms and 8.5 bathrooms in about 9,873 square feet of living space.

As-is 109
article thumbnail

Mortgage Tech Demo Day: Adwerx

Housing Wire

Adwerx Enterprise Platform. The Adwerx Enterprise Platform is the only digital advertising solution designed specifically for mortgage brokerages and their loan officers. Reach home buyers before real estate agents with individualized, compliant ads for loan officers, built automatically. Increase productivity and brand awareness while boosting recruiting and retention efforts for your brokerage.

Mortgages 278
article thumbnail

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.

article thumbnail

Real estate broker vs. agent vs. Realtor — What’s the difference and who should you hire?

The Mortgage Report

Whats the difference between a real estate broker and an agent? Or a real estate agent vs. Realtor? Here's how to decide on the right agent for you.

Agents 119
article thumbnail

Mortgage Tech Demo Day: Awesome Technologies

Housing Wire

Bullseye Metrics. Bullseye is an enterprise-class data visualization software, designed to assist organizations effectively make real-time, data driven decisions that produce results and increase company profitability. Bullseye also provides a full-featured mobile app and two-way SMS notification, along with a suite of pre-built dashboards. Integration is available for most platforms.

article thumbnail

Inside Supernatural Star Jensen Ackles’ ‘Very Hip’ Lake House in Austin

Fancy Pants Homes

If you’re a die-hard Supernatural fan like us, you’re probably still reeling from the show’s finale and coping with the fact that there won’t be any new Winchester adventures for us to follow. But we’re not here to talk about that, but rather snoop into the private life of one of the series’ leading men. More specifically, Jensen Ackles’ house — which we actually think Dean Winchester would approve of.

Design 105
article thumbnail

Mortgage Tech Demo Day: SoftWorks AI

Housing Wire

Trapeze for Mortgage Automation. Built specifically for the mortgage industry, Trapeze for Mortgage Automation transforms documents into structured, actionable data. Regardless of where your firm operates within the mortgage lifecycle, Trapeze will help lower your costs and drive higher efficiencies utilizing the most accurate data possible. Product Fast Facts: #1.

Mortgages 281
article thumbnail

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.

article thumbnail

Essential Furniture Pieces Every Bedroom Needs

Realty Biz

Image Source: [link]. In many ways, a bedroom is the most essential room in any house. It helps you relax and refresh after a long day, and the design of your bedroom should aim at creating a suitable environment that promotes sleep. Investing in the right furniture can help you achieve this and promote the quality and quantity of your sleep. Let’s take a look at some of the essential pieces of furniture that a bedroom should have. 1.

Design 102
article thumbnail

Mortgage Tech Demo Day: Title Leader

Housing Wire

Title Leader. Title Leader is designed specifically for default services law firms, whether you have a captive title company or not. We’re a workflow automation platform AND a national title search vendor. Industry-first automation of the 11, mandatory steps of the title-search handling process… AND you gain access to our search-fulfillment partner, which serves all national title insurance underwriters.

Title 170
article thumbnail

Economic & Housing Experts Predict Post-Pandemic Rebound

Real Trends

Expect the post-pandemic economic rebound, improving job conditions and stable interest rates to continue in 2021, according to a survey of more than 20 top U.S. economic and housing experts.

Marketing 102
article thumbnail

Controlling Indoor Humidity: Why and How

RIS Media

High humidity in the home can cause more than discomfort. Excessive moisture can cause mold and mildew growth and, when combined with warm temperatures, can also allow dust mites to thrive. The causes of high relative humidity (RH) levels are varied. Showers, clothes dryers, steam from cooking, and splashing from tubs and sinks are common causes of increased humidity.

As-is 102
article thumbnail

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.