Tue.Mar 23, 2021

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Citi names Brad Wayman head of U.S. mortgage

Housing Wire

Brad Wayman. Citigroup named Brad Wayman as head of U.S mortgage after serving in the role since December. Wayman first joined Citi in 2003, and most recently, he held the position of head of U.S mortgage sales , where he led distributed retail sales, direct to consumer sales, strategic market business development, community reinvestment strategy and sales support.

Mortgages 477
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Should We Fear the Surge in Cash-Out Refinances?

Keeping Current Matters

Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance , as defined by Investopia , is: “a mortgage refinancing option in which an old mortgage is replaced for a new one with a larger amount than owed on the previously existing loan, helping borrowers use their home mortgage to get some cash.”.

Equity 183
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Lender profits are crashing back to earth

Housing Wire

Profit margins for independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks shrank dramatically in the fourth quarter of 2020 as costs climbed. IMBs reported a net gain of $3,738 per each originated loan in the fourth quarter, down from $5,535 during the third quarter, according to the Mortgage Bankers Association ‘s latest quarterly performance report.

Loans 404
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Bank of Canada Governor Doesn’t See A Property Bubble, But He Did In 2013

Better Dwelling

The Bank of Canada (BoC) head recently dismissed the need to cool real estate prices. Governor Tiff Macklem seems like he doesn’t want to say anything controversial… or he’s one of those people that thinks real estate prices only go up. That wasn’t the case back in 2013, when he served in the central bank’s […]. The post Bank of Canada Governor Doesn’t See A Property Bubble, But He Did In 2013 appeared first on Better Dwelling.

Banks 140
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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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Delinquency rate rises for first time in 9 months

Housing Wire

After eight consecutive months of improvement, the national mortgage delinquency rate rose in February from to 6% from 5.85%, according to a report from Black Knight on Tuesday. The data giant pointed to February’s seasonality as it is a shorter month and ended on a Sunday this year, allowing for fewer days to process payments. Last month’s uptick was mainly driven by an increase in the number of properties that are in early stage delinquency (30 days or more past due) but are not ye

Loans 449

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Stepping up the fight against fraud in mortgage lending

Housing Wire

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. In recent years, we have seen a significant uptick in fraudulent activity ranging from the high tech — intercepted wire transfers and electronic title phishing scams — to low-tech, such as applicants submitting falsified or doctored bank statements. The transition to a largely remote workforce during the COVID-19 pandemic only gave criminals more of an incentive to attempt to deceive lenders or misreprese

Lending 441
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4 Distressing Mistakes Buyers Make in Multiple Offer Situation

Realty Biz

Nowadays, it is common for homebuyers to discover that they aren’t the only party making an offer on the home they want to buy. It can be difficult to know what the correct approach is when finding themselves in multiple offer situations. Many buyers are looking for the home of their dreams , and it is become more difficult to purchase one with low inventory.

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Compass aims for $10B+ market valuation

Housing Wire

Residential brokerage Compass took another step toward becoming a publicly traded company Tuesday, declaring it intends to sell common stock at a share price of between $23 and $26. The New York City-headquartered residential real estate brokerage will offer 36 million Class A common stock shares to the public, according to the registration statement filed with the Securities and Exchange Commission , plus another 5.4 million shares to the investment banks underwriting the initial public offerin

Marketing 385
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Bank of Canada Announces End To Many Market Supports, Suggests QE Taper: BMO

Better Dwelling

The Canadian economy is improving faster than expected, meaning supports can start fading. Bank of Canada (BoC) deputy governor Gravelle announced the end of many market support programs on Tuesday. The economy has improved, meaning the gradual withdrawal of stimulus can now begin. As supports begin to taper, overly easy credit is likely to disappear […].

Banks 136
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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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The risks and benefits of non-traditional appraisal methods

Housing Wire

Last year’s record-high origination volumes impacted every aspect of the mortgage cycle, and appraisals were no exception. In light of that, HousingWire recently sat down with ValueLink SVP of Operations Aqil Ahmed to discuss today’s appraisal landscape. HW: What is the No. 1 challenge housing professionals are facing today regarding appraisals?

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Smaller California Cities Top Our List of the Hottest U.S. Markets for Real Estate

Realtor.com

Getty Images Golden State real estate has seen ups and downs in recent years, and based on this month’s analysis of data on realtor.com®, it seems to be staging a comeback—but this time, the spotlight is on a different kind of metro. California’s job opportunities, great weather, and beautiful landscapes used to be enough of a lure for home seekers to balance out prices that were among the highest in the nation.

Marketing 127
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Architecturally Distinct Greenwich House Designed by Ulrich Franzen On the Market for $9.9M

Fancy Pants Homes

At the end of a private drive, in the midst of 7 acres of greenery, sits one of the most recognizable modern homes in all of Greenwich, Connecticut. Famously designed by Ulrich Franzen , an architect best known for his “fortress-like” buildings and Brutalist style, the private residence known as the Morris House stands out with its unique design and contemporary feel, which isn’t at all typical for an area populated by more traditional-style homes.

Design 119
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Mortgage and refinance rates today, March 23, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates fell yesterday. Finally! It felt good, even though it’s adrift in a sea of rises. And the falls might continue today. Market […].

Mortgages 115
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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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4 Reasons to Sign a Multiyear Lease on an Apartment

Realtor.com

Getty Images No one likes to be locked down. But these days, signing a multiyear lease might not be such a bad idea. Sure, committing to the same apartment for longer than a year, when none of us knows what the future holds, might give you pause. But hear us out, commitment phobes! If you’re a renter who’s happy at your current location, or you’re prepared to move and sign a new lease, it may be worthwhile to consider signing a multiyear lease for a number of reasons.

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What to Know About Renting a Truck at Home Depot for Your Move

RIS Media

Do you need to rent a moving truck? Are you thinking about a DIY rental? If you need to rent a truck for a short amount of time, what is offered by most rental companies could seem like an unnecessary expense. If you need a truck for an hour or so, Home Depot truck rentals could be the answer. Home Depot truck rental pricing works out quite nicely when you are making a local move.

As-is 132
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Sayonara, Shiplap? 5 Styles Chip and Joanna Gaines Have Ditched—and What’s Taken Their Place

Realtor.com

Discovery+ Chip and Joanna Gaines are home renovation royalty. They’ve gone from the debut of their smash hit, HGTV show “Fixer Upper,” in 2013 to running their own network, Magnolia. A large part of their success (aside from their adorableness as a couple) is their keen sense of design, which they’ve honed into a highly marketable style known as modern farmhouse.

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Paddle Along Cypress Knees on the Loxahatchee River

Waterfront Properties

Paddle board or kayak along cypress knees on the Loxahatchee River for a throw back in time to the early settlers’ days in Jupiter and Tequesta. Take in the remarkable river scenery and the ecosystems that the Loxahatchee River supports including cypress knees. What is a cypress knee you ask? A cypress knee is a unique characteristic of a cypress tree forming above the roots.

Closing 105
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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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Meet The Real Estate Tech Entrepreneur: Lee Jackson from Carehub CoWorking

GeekEstate

This week, we interviewed Lee Jackson from Carehub CoWorking. Without further ado… Who are you and what do you do? My name is Lee Jackson, and I am the Co-Founder & CEO of Carehub Coworking, LLC. I provide day-to-day leadership, operational strategy, leading physician groups and hospital recruiting, membership sales, and securing capital. I have 23 years of experience serving as a developer, investor, acquisitions manager, and asset manager of healthcare real estate.

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Car Show, Waterfront Market, and Waterfront Yoga Happening At Harbourside Place This Week

Waterfront Properties

Harbourside Place is the premier destination for shopping, dining, entertainment, luxury hotel accommodations, and much more. This weekend, Jupiter’s Harbourside Place has a list of events for everyone to enjoy. Events Happening at Harbourside Place This Week. Classic Car Show: Saturday, March 27th Come and check out some of the world’s most unique and antique cars at the Car Show this Saturday.

Marketing 105
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Will a New MTA Study Finally Bring a Second Exit to Dumbo’s York Street Station?

Brownstoner

Transit gurus are “studying” a fix to Dumbo’s treacherous York Street subway station, which serves as the neighborhood’s sole subway stop and has only one way in and out with no wheelchair accessibility -- but their promises fell on skeptical ears, as locals say they’ve been asking for a second… Read More > The post Will a New MTA Study Finally Bring a Second Exit to Dumbo’s York Street Station?

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Broadway Off Broadway – Boca Raton

Waterfront Properties

Are you looking to experience a little bit of the Big Apple in the heart of Boca Raton? The Wick Theatre and Costume Museum, 7901 North Federal Highway in Boca would be a great way to do so. Marilynn Wick, Founder amp; Chief Executive Officer of Costume World, Inc. She has devoted her life to amassing the nation’s largest collection of original Broadway costumes and wardrobes.

As-is 102
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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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Coldwell Banker Around the World: March 2021

Coldwell Banker

This month we are debuting not only a new office in our global network, but an entirely new region for the Coldwell Banker brand! Our first office in Luxembourg has opened this year, nestled between France, Germany and Belgium. We are thrilled to introduce you to the picturesque region and to the Brokers at Coldwell Banker Hestia, Caroline Gachet and Charlie Luthar.

Branding 101
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How Generational Trends Have Changed in Social Media

RIS Media

There was a time when social media was more of choice than a necessity in real estate. Now, it’s crystal clear that it’s critical to sourcing leads, engaging clients and building or maintaining your brand. From Facebook and LinkedIn to YouTube and Instagram, the list of social media platforms continues to grow. Agents across different generations have embraced social media as another tool, but how they employ their digital platforms differs across the board.

Agents 102
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Finance of America Mortgage Review for 2021

The Mortgage Report

Finance of America mortgage review showing how Finance of America compares to top lenders for mortgage rates, customer service, and loan options.

Finance 111
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BoomTown Acquires Brokermint, the Industry Leader in Cloud-based Brokerage Management Software Solutions

Boom Town

BoomTown, the leading cloud-based sales and marketing automation platform for real estate professionals, is excited to announce the strategic acquisition of Brokermint. Brokermint’s technology consolidates and automates all back office and transaction management functions through easy-to-use, scalable software solutions. By using Brokermint, leading real estate brokerages, teams, and agents can simplify complex back office tasks, efficiently close transactions, and focus on driving growth.

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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.