Housing Wire

SEPTEMBER 1, 2020

The Consumer Financial Protection Bureau issued a consent order against two companies on Tuesday following recent investigations of mortgage companies that use deceptive mailers to advertise loans guaranteed by the United States Department of Veterans Affairs. Those investigations have resulted in actions against six companies this summer. The most recent cases were those against Service 1st Mortgage, Inc. , and Hypotec Inc., which found the companies had sent consumers numerous mailers for VA-g

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VA loan Mortgages Loans Principal 424

Keeping Current Matters

SEPTEMBER 1, 2020

When most of us begin searching for a home, we naturally start by looking at the price. It’s important, however, to closely consider what else impacts the purchase. It’s not just the price of the house that matters, but the overall cost in the long run. Today, that’s largely impacted by low mortgage rates. Low rates are actually making homes more affordable now than at any time since 2016, and here’s why.

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Short sale Loans Mortgages Closing 267

Housing Wire

SEPTEMBER 1, 2020

RE/MAX Holdings and its mortgage franchise Motto Mortgage announced Tuesday the acquisition of wemlo , a mortgage processing startup, for an undisclosed amount. Dustin Morton, vice president of product and strategy at Motto Mortgage, recognized wemlo’s potential right away. “Our network has grown so fast, and we’re always kind of hungry for more solutions when it comes to processing,” Morton told HousingWire.

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Mortgages Loans Technology Brokerage 414

Realtor.com

SEPTEMBER 1, 2020

Liam Norris / Getty Images With the coronavirus still going strong, this fall season is likely to unfold quite differently from the past. With many offices still closed—and schools open intermittently or not at all—you may be wondering: What will you and your family do with all your time stuck at home? The solution may be a simple and fun home upgrade you can all enjoy: a crafting area.

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Agents

Housing Wire

SEPTEMBER 1, 2020

The banks need bodies. Documents need to be collected, credit scores need to be checked, appraisers need to be arranged. There’s a lot of mortgages to be processed. Across its mortgage footprint, “ Citizens Bank has hired close to 100 underwriters, processors and loan officers this year to keep up with the demand and further their commitment in the mortgage retail space,” said Ace Watanasuparp, who heads residential lending for Citizens in New York City.

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Eye on Housing

SEPTEMBER 1, 2020

National home prices increased modestly in June. While Las Vegas, San Francisco, New York, Chicago, Seattle, Boston and Cleveland experienced price declines, Charlotte posted the strongest annual growth rate among the 19 metro areas in June. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of.

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Eye on Housing

SEPTEMBER 1, 2020

NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $546.6 billion in July. It was up 2.0% this month after four consecutive monthly decreases. Total private residential construction spending was 0.5% higher than a year ago. The monthly gain is largely attributed to the steady growth.

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Residential Construction 120

Realtor.com

SEPTEMBER 1, 2020

realtor.com A lavish lakefront estate recently claimed the title of New Hampshire’s most expensive home. Listed last week for an even $10 million, the mansion on Wyman Drive near Wolfeboro sits on 6 acres, with 430 feet of frontage on Lake Winnipesaukee. “This is one of the premier spots on the lake with the biggest views, and it’s an estate-sized lot, so it’s bigger than most,” says the listing agent, Adam Dow.

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Title Design Agents Closing 118

The Mortgage Report

SEPTEMBER 1, 2020

The Federal Reserve has a new policy to keep inflation and employment on target. And, it could keep mortgage interest rates low for a long time. Here's why.

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Mortgages 119

Realtor.com

SEPTEMBER 1, 2020

If you’re in the house hunting process right now, there are a lot of things you can do to make sure your new home is a smart one as soon as you move in. But a home can only become as smart as its WiFi is fast. And with many of us working from home, and WiFi built into everything from fridges to doorbells, the availability of high-speed internet is a major selling point when it comes to finding your next place.

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Agents As-is Closing 110

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

Realty Biz

SEPTEMBER 1, 2020

Every October, you’ll find homeowners in areas that experience cold winters making the rounds of their homes, detaching hoses, and shutting off valves that allow water to flow to outside faucets. They check insulation for pipes that run through garages or along the inside of exterior walls. When the forecast includes extreme cold, as in the recent instances of a polar vortex dipping into the Midwest, homeowners may leave faucets dripping slightly all night, to keep water moving through pipes to

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Residential Development Closing As-is 106

Sotheby's International Real Estate

SEPTEMBER 1, 2020

Filled with dazzling detail and a reverence for peerless period authenticity, this extraordinary townhouse—designed by prolific 19th-century architect John Prague and built in 1872—offers a veritable window into the glamorous days of 19th-century New York, when Neo-Georgian style and regal refinement were the order of the day. New York, New York | The SamplePowers Team , Sotheby’s International Realty – East Side Manhattan Brokerage.

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Design Brokerage Sales 108

Realty Biz

SEPTEMBER 1, 2020

Younger home buyers aged in their 20s and 30s, who were once seen as being reluctant to enter the housing market, are now driving its recovery during the COVID-19 pandemic, according to the Wall Street Journal. Even before the pandemic began, so-called millennials were starting to increase their home buying activity, accounting for more than half of all new home loans last year.

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Marketing Sales Loans As-is 109

The Mortgage Report

SEPTEMBER 1, 2020

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

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Mortgages Marketing 106

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Sales

BubbleInfo

SEPTEMBER 1, 2020

The coronavirus adds another curiosity as to why the sellers might be selling. Does this home not quarantine well? Or the neighborhood? Or did they get the bug? With the protocols encouraging more scrutiny of showings, buyers and buyers’ agents should have more in-person encounters with the listing agent at the house. It’s a great […].

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Agents Marketing 105

Waterfront Properties

SEPTEMBER 1, 2020

Over the weekend, Downtown Delray Beach and the city’s Downtown Development Authority transformed Old School Square into a pop-up dining area. The new outdoor dining area is called “Distanced Dining in the Park”. The new pop-up area allows people to take out from local downtown Delray Beach restaurants and head to Old School Square for outdoor dining.

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Development 102

Better Dwelling

SEPTEMBER 1, 2020

American real estate buyers are regretting the decision to jump into the market during a pandemic. LendEdu, a US rate comparison site, surveyed homeowners that bought after March. The survey found a significant number of happy homeowners, taking advantage of record low rates. However, the majority of buyers have regrets about pulling the trigger on […].

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Sales Marketing Mortgages 99

Waterfront Properties

SEPTEMBER 1, 2020

Four Restaurant owners in Abacoa are hosting a month-long promotion called Dine The Drive during the month of September. Restaurants included are Brick and Barrel, Das Beer Garden, Jumby Bay Island Grill, and Stadium Grill. “We decided we’d run a menu like we’ve done during Flavor Palm Beach. We invited other restaurants on our street to join us,” said local chef and Brick and Barrel owner David Schroeder, who enlisted all the restaurants on Town Center Drive for the promotion.

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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

RIS Media

SEPTEMBER 1, 2020

Greenville, S.C.-based fintech company Earnnest is real estate’s go-to for digital earnest money in the U.S. As a busy real estate agent, George Clements was constantly seeking new technology to replace time-consuming manual tasks. “eSignature had saved me tons of time, and I was always looking for other ways to be more efficient,” says Clements. “Collecting earnest money checks was always one of the biggest time wasters for me and the buyer.

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Escrow holder Industrial Earnest money deposit Technology 98

Waterfront Properties

SEPTEMBER 1, 2020

Under an emergency order last week, all county-operated park playgrounds, water playgrounds, play and exercise equipment, water fountains, and volleyball courts are officially able to reopen. Under a notice issued by the Palm Beach County Parks and Recreation Department, people are being told to wear a mask if you can at playgrounds. Palm Beach County’s emergency order only applies to county operated playgrounds.

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Brownstoner

SEPTEMBER 1, 2020

Here's a Sunset Park classic, a two-bedroom in a Finnish co-operative that has a flexible layout and a renovation that brought back a bit of its original flair. It's in one of the earliest co-ops constructed in Brooklyn, at 826 43rd Street. Dubbed the Alku Toinen, the four-story, 16-unit walk-up building… Read More > The post Sunset Park Finnish Co-op With Original Built-in, Dining Room Asks $630K appeared first on Brownstoner.

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Renovation Construction 98

RIS Media

SEPTEMBER 1, 2020

It’s hardly fresh news these days, but the pandemic is having a lasting effect on everything we know. For many, it’s also brought a growing realization that things have changed—and that for many industries, attracting and maintaining a solid client base isn’t what it used to be. It’s got the same general steps, sure—but those steps now require a different tactic to be as effective in an increasingly digital world.

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Marketing Industrial Agents Technology 97

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

Easy Agent Pro

SEPTEMBER 1, 2020

One of my favorite real estate-related websites has gone through some changes recently. More and more I’m noticing blog posts with misinformation. It seems that the company is hiring bloggers who are ignorant about the industry and, although frustrating to read, the information is mostly harmless. Today, however, that changed. A new blog post on the site offers a list of ways to “Get More Positive Real Estate Agent Reviews.”.

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Agents Industrial Closing As-is 96

RIS Media

SEPTEMBER 1, 2020

RE/MAX Holdings, Inc.—parent company of RE/MAX® and Motto Mortgage ®—announced the acquisition of wemlo SM , an innovative fintech company that provides third-party mortgage loan processing services. According to RE/MAX, the 20-month-old, Florida-based startup developed the first “Service Cloud” for mortgage brokers, combining third-party loan processing with an all-in-one digital platform.

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Mortgages Brokerage Loans Branding 91

Waterfront Properties

SEPTEMBER 1, 2020

Jupiter Medical Center, ranked number one for safety, quality and patient satisfaction in Palm Beach County and the Treasure Coast region, continues to make waves for attracting the best of the best. JMC recently welcomed Arthur Katz, M.D., as the medical director of cardiac surgery at Jupiter Medical Center. With 26 years of experience, Dr. Katz has earned a highly respected name among his peers and patients and is considered the pulse of the new cardiac surgery program at Jupiter Medical Cente

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As-is 93

Point2Homes

SEPTEMBER 1, 2020

Image: Zivica Kerkez / Shutterstock.com. After reaching record highs in 2019, Canadian spending on home renovations declined drastically in the early days of the COVID-19 pandemic. But following months of lockdown and with remote work still in place, Canadians are now looking to make improvements to their homes once more. And they’re willing to spend quite a lot doing so.

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Renovation Equity Banks As-is 91

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Agents

Better Dwelling

SEPTEMBER 1, 2020

Canadian real estate sales are hitting record levels, but mortgage growth is slowing. Bank of Canada (BoC) data shows outstanding mortgage credit hit a new all-time high in July. Even with the new high and various factors working in its favor, the rate of growth is still decelerating. Mortgage Debt Reached Over $1.69 Trillion In […]. The post Canadian Mortgage Credit Sees Growth Slow, Despite Record Real Estate Sales appeared first on Better Dwelling.

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Sales Mortgages Banks 89

RIS Media

SEPTEMBER 1, 2020

In June, home prices increased 4.3 percent YoY, up from 4.5 percent in the previous month, according to the most recent S&P CoreLogic /Case-Shiller Indices. Year-over-year, the 10-City Composite increased 2.8 percent, down from 3.0 percent in the previous month. The 20-City Composite increased 3.5 percent YoY, down from the previous month’s 3.6 percent gain.

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New Construction Construction Loans Industrial 86

Realtor.com

SEPTEMBER 1, 2020

When we say a virtual house hunt can be as good as the real thing, we really mean it. And the experts agree. Take Jarrett Martin , a REALTOR® in Athens, Georgia, who hasn’t let the changing real estate climate in 2020 make him miss a beat. Just recently, Martin tells us, he helped a New York City-based client purchase a midcentury modern home in Athens.

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Agents Inspection Design As-is 88

Real Trends

SEPTEMBER 1, 2020

COVID-19 has changed the way realtors sell houses. Due to pandemic precautions, real estate tech solutions for every stage of the selling process are now standardized practice. Video conference calls with clients and apps that notify prospective buyers of suitable new properties are in full force. And according to a Showing Time survey, in June 2020, 52,000 showings were conducted entirely online.

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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.

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