Mon.Apr 12, 2021

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Ginnie Mae loans lead drop in forbearance to 4.66%

Housing Wire

Servicers’ total number of loans in forbearance fell a whopping 24 basis points to 4.66% of portfolio volume during the first full week of April, according to a survey from the Mortgage Bankers Association – one of the biggest drops in the history of the series. Ginnie Mae loans in particular dipped a massive 45 bps to 6.33% while Fannie Mae and Freddie Mac’s forbearance share shrunk even smaller last week, down to 2.52% – a 20 bps improvement.

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4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure

Keeping Current Matters

There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen. 1. Almost 50% Leave Forbearance Already Caught Up on Payments.

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Stewart Title acquires New Mexico-based company

Housing Wire

Add another company to the Stewart Title family tree. The title and closing giant announced last week the acquisition of Prima Title, LLC , a Santa Fe, New Mexico-based company, to its Southwest portfolio. The move comes on the heels of Stewart’s acquisition of A.S.K. Services , a title and search support servicer, in March. Ryan Swed, Stewart Title senior vice president, said that the addition of Prima Title fits its larger strategy of overall strengthening their foothold in markets in So

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Buyers Have Diverse Preferences for the Home’s Exterior Design

Eye on Housing

A new question introduced to the 2021 Edition of What Home Buyers Really Want* showed buyers pictures and descriptions of four exterior designs and asked for their preference. Results reveal that buyers have quite diverse preferences for the exterior style of their home, since none of the choices was preferred by anywhere near a majority of buyers. At best, a.

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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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Credit Plus integrates with LendingWise

Housing Wire

Business credit report provider Credit Plus announced last week it has integrated with LendingWise , an LOS-software platform serving commercial lending. The move establishes Credit Plus in the commercial and private money lending spaces. “In today’s market, efficiency is everything and this new integration makes it much easier for lenders using the LendingWise platform to get new deals into their pipeline faster,” said Greg Holmes, Credit Plus CEO and president.

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Canada Says Property Bubble “Not Great” For Locals, Good For Foreign Investors

Better Dwelling

A Canadian official in charge of housing policy confirmed the current market is not an accident. Instead, it’s a conscious decision where the government picked the winners and losers. TVO aired an interview with MP Adam Vaughan yesterday, discussing housing policy. In the interview, Vaughan, who helps oversee the CMHC, said price drops are not […].

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Septic Inspections: What to Know About a Septic System Inspection

Maximum Exposure Real Estate

What to Know About Septic Inspections Are you wondering how septic inspections work? If you are buying a home with a septic tank, there are some things you need to be aware of. If you are selling your home, you could need an inspection of the septic system. For example, here in my home state […]. The post Septic Inspections: What to Know About a Septic System Inspection appeared first on Massachusetts Real Estate Exposure.

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How Often Can You Refinance a Home Loan? More Than You Might Think

Realtor.com

Getty Images Homeowners with a mortgage often hear about the benefits of refinancing—to snag a lower interest rate, reduce their monthly loan payments, and tap into their home equity. The list of advantages is long and enticing. But if you’ve recently refinanced but have seen interest rates drop even further—or start creeping up—you might wonder if you can (and should) refinance again before rates truly skyrocket.

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Inventory Watch

BubbleInfo

This might have been the week that the frenzy peaked. Last week: Actives: 334 Pendings: 362 This week: Actives: 357 Pendings: 344 It’s only one week, but it did seem like there were quite a few escrows that fell out which would be the primary cause of the shift. Let’s not jump to too many […].

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#311: The Surprising Solution to Overthinking, with Jon Acuff

Afford Anything

Hey Podcast Family!! Before we dive into today’s show notes, I’m bursting with excitement to make a super-special announcement …. Enrollment for our flagship course, Your First Rental Property, opened today!! If you want to invest in rental properties, but you’re stuck in analysis paralysis, or you’re not sure which city or state to choose, or you want structure, step-by-step guidance and incredible support, enroll today.

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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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This proptech optimizes remote viewing – and it just went public

The American Genius for Real Estate

(REAL ESTATE TECH NEWS) Another property tech company goes public…. but NOT in the conventional way. And this proptech is building on ways to share online properties. The post This proptech optimizes remote viewing – and it just went public appeared first on The American Genius Real Estate.

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What’s the down payment for a $300,000 house?

The Mortgage Report

How big is the down payment for a $300,000 house? That depends entirely on the type of mortgage you choose. Explore your options!

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Combatting key claims in class-action accusations toward NAR [EDITORIAL]

The American Genius for Real Estate

(REAL ESTATE ASSOCIATIONS) With the latest accusations in class-action suit against the NAR, one real estate agent has done some digging to see how viable these claims really are. The post Combatting key claims in class-action accusations toward NAR [EDITORIAL] appeared first on The American Genius Real Estate.

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How to Select The Right Realtor in Your Neighborhood?

Realty Biz

Buying or selling a house is a huge deal, and it’s one of the most critical financial choices you’ll ever make. Finding an experienced real estate agent to help you through the process is crucial. Plenty of real estate agents compete for the position through online advertisements, posters, and yard signs, but with so many to choose from, it can be tough to find the right one.

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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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Data Storage and Security for Property Managers

GeekEstate

Digitalization is still on the rise, and technology has revolutionized countless aspects of our daily lives. The property management industry has benefited greatly from today’s technological advancements – developments in automation and cloud-based computing have paved the way for property managers, landlords and investors to streamline operations and maximize profits.

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Lawyer Charged With Stealing From Client, Brownsville Senior, in Home Sale

Brownstoner

An East Flatbush lawyer was charged with defrauding a Brownsville senior he represented out of $85,000 Thursday, Brooklyn District Attorney Eric Gonzalez announced. Gerald Douglas, 52, allegedly pocketed the money from his 76-year-old client whom he was negotiating the sale of her home for in 2018 before he stopped returning her… Read More > The post Lawyer Charged With Stealing From Client, Brownsville Senior, in Home Sale appeared first on Brownstoner.

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Quirky Mansion in the Colorado Mountains Comes With Its Own Mineshaft

Realtor.com

Jonathan Huffman/ Summit MultimediaJonathan Huffman/ Summit Multimedia An unusual mansion in the mountains of Colorado comes with all kinds of extras—including a replica of a mineshaft. The huge home on U.S. Highway 24 in Buena Vista, CO, also comes with an abundance of windows to take in the views of the Collegiate Peaks. Known as Tomcat Ranch, the distinctively shaped, 8,362-square-foot home is on the market for $3.75 million.

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Design Essentials | Murals and Frescoes

Sotheby's International Real Estate

Los Angeles, California | Marlene Salcido, Sotheby’s International Realty – Sunset Strip Brokerage. When it comes to décor, paintings and photography will always enhance a home. But if you’re looking for an even bigger impact, consider a mural or fresco. These are by no means contemporary art choices—murals have been found in caves as far back as 30,000 BC, and frescoes are credited to ancient Roman, Egyptian, and Minoan civilizations—but they are currently enjoying a renaissance.

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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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Mortgage and refinance rates today, April 12, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched lower last Friday. That was a nice surprise. Because earlier in the day they’d looked likely to edge up. This morning, […].

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How To Plan A Move Out Of California

First Team Real Estate

A move out of California can be advantageous for residents and homeowners who are looking to save money. In fact, California ranks #5 on the top outbound states for 2020 according to a recent study. However, the California exodus that the media likes to talk about isn’t as dire or pronounced as they like to make it seem. According to a report from the California Policy Lab, a research arm of the University of California, “no evidence of a pronounced exodus from the state.”.

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Enormous Affordable Housing Lottery Opens for 106 Units in Brownsville, Starting at $362 a Month

Brownstoner

A massive affordable housing lottery has opened for 106 units in a nine-story building located at 96 New Lots Avenue in Brownsville. It is part of the first phase of the long-gestating Ebenezer Plaza, which will, in total, result in four buildings across two large lots. An affordable lottery for… Read More > The post Enormous Affordable Housing Lottery Opens for 106 Units in Brownsville, Starting at $362 a Month appeared first on Brownstoner.

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Southern California Breweries with Outdoor Seating

First Team Real Estate

Open for outdoor dining, these breweries in Southern California are the perfect place to kick back and relax with a cold one. These patios are the perfect location for your next craft beer indulgence. Enjoy responsibly and safely! Orange County. Helmsman Ale House. 2920 Newport Blvd, Newport Beach. helmsmanalehouse.com. View this post on Instagram. A post shared by Dine Newport Beach (@dinenewportbeach).

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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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Not Enough Time? Establish Operational Excellence

RIS Media

How many times have you said, “I just don’t have enough time” or “I’m working a ton of hours, but not making enough income?” If you are like most entrepreneurs, probably a lot. Here’s the good news: You are not alone. The bad news is that too many entrepreneurs attempt to multi-task in multiple roles with multiple responsibilities, and the endless loop never allows for reset time or working on their business.

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What Is Mortgage Insurance and Is It Worth It?

Point2Homes

Image: Vitalii Vodolazskyi / Shutterstock.com. If you’re planning to buy your first home, you’ll likely need to take out a mortgage. And you might have heard about mortgage insurance during your research. But what is it exactly, how does it work, and how can it benefit you? Let’s take a look below. What Is Mortgage Insurance? Mortgage insurance is an insurance policy that protects the lender in case you default on your mortgage payments.

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What to Do About Scratched or Dented Stainless Steel Appliances

RIS Media

Scratches and dents in stainless steel appliances may not affect the way they function, but your eyes, and those of your guests, may be drawn to them immediately. Fortunately, there are some relatively easy ways to address those issues. How to Fix Scratches. If your stainless steel appliance has a light scratch, a non-abrasive cleaner may get rid of it.

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Space Exhibit Coming To Palm Beach Gardens

Waterfront Properties

The Gardens Mall has partnered with the Kennedy Space Center Visitor Complex to present a new exhibit coming to the mall beginning this week. The exhibit is called ‘Out Of This World’ and is an “interactive imagination immersion above and beyond”. The exhibits is set to open on the first floor of The Gardens Mall near Saks Fifth Avenue this Friday, April 16th.

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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.

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Rocket Companies Ranks on ‘100 Best Companies to Work For’ List

RIS Media

Rocket Companies, a Detroit-based holding company that includes Rocket Mortgage, Amrock, Rocket Homes and Rocket Auto, was recently ranked the No. 5 best place to work in America in Fortune Magazine’s annual ranking of the “100 Best Companies to Work For.” This marks the 18th consecutive year the company has ranked in the top 30 on the prestigious list.

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Renovated Brooklyn Heights Brownstone With Marble Mantels, Wine Cellar Asks $8.995 Million

Brownstoner

With a complete interior renovation by architects Baxt Ingui, this Brooklyn Heights brownstone offers up a bit of contrast on the interior, from a high-ceilinged Italianate detail-filled parlor to a wood-clad rustic retreat on the top floor. In the Brooklyn Heights Historic District, the 25-foot wide townhouse at 141 State Street… Read More > The post Renovated Brooklyn Heights Brownstone With Marble Mantels, Wine Cellar Asks $8.995 Million appeared first on Brownstoner.

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Kids Activities At The River Center This Week

Waterfront Properties

The popular after-school program Science With Sam is back this week at The River Center in Jupiter. On select Wednesdays during the month, the center hosts the after-school program for student’s grades K through 5th grade. The program is aimed for students that are interested in learning and in science. Each Science With Sam program has a different theme and all feature different science activities such as hands-on learning opportunities with wildlife and garden exploration.

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5 Ways to Lead a Top-Performing Real Estate Team

RIS Media

Leading a successful team doesn’t happen by accident. Behind every top-producing team, there is a team leader whose dedication to certain principles guides the team toward success in all the necessary ways. Luckily, those principles are no mystery either. Here are five ways a team leader can make a positive impact on their agents to develop a top-producing team. 1.

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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.