Wed.Sep 22, 2021

article thumbnail

Refis stubbornly make a bit of a comeback

Housing Wire

The week following Labor Day saw a flurry of mortgage loan application activity, with volume jumping by 4.9% for the seven days ending Sept. 17, according to the Mortgage Bankers Association. Refis were on the front foot again. The increase in application activity is quite different from the MBA’s survey published in early September , which saw application volume decline by 1.9%, dragged down in part by low refi activity and unexpectedly low purchase volume.

Mortgages 401
article thumbnail

Is a 20% Down Payment Really Necessary To Purchase a Home?

Keeping Current Matters

There’s a common misconception that, as a homebuyer , you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle. That may be because those individuals assume a 20% down payment is necessary.

VA loan 247
Insiders

Sign Up for our Newsletter

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

article thumbnail

How brokers can help today’s unique borrower

Housing Wire

The average borrower has drastically changed throughout the years. Today, more borrowers are self-employed, work remotely and have multiple streams of income. For brokers, working with these borrowers can be complicated because they require unique processes. HousingWire recently spoke with Bill Dallas, President of Finance of America Mortgage, to discuss how brokers can leverage technology to accommodate today’s average homebuyer.

Finance 370
article thumbnail

The Ontario Teachers’ Pension Just Bought Canada’s Largest Reverse Mortgage Lender

Better Dwelling

Canadian home prices are moving faster than wages, leaving a lot of cash-poor, house-rich Boomers. The Ontario Teachers’ Pension Plan Board (OTPPB) must see opportunity, because they are buying a large reverse mortgage lender. The pension announced its acquisition of HomeEquity bank today. It might not be a familiar name, but their flagship product might […].

Mortgages 127
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

Tai Christensen to speak at HW Annual Sept. 27-28

Housing Wire

The Biden administration recently announced its efforts to address the lack of affordable housing in America by increasing funding for existing programs geared toward producing, financing and rehabilitating affordable housing. HousingWire invited Tai Christensen , director of government affairs for CBC Mortgage Agency , to HW Annual Sept 27-28 to discuss these recent efforts by the Biden administration and how the mortgage and real estate industries can responsibly expand homeownership in under-

Brokerage 391

More Trending

article thumbnail

How can the mortgage industry retain more employees?

Housing Wire

Sandra Madigan, digital product director, enterprise product strategy, servicing technologies at Black Knight. This year’s list of HousingWire Insiders radiate influence well beyond the walls of their individual companies, providing the infrastructure that upholds the whole industry. HousingWire decided to dive deeper into a few of our award winners to get a peek behind the curtain on what defines an Insider , with this Q&A featuring Sandra Madigan, digital product director, enterprise produ

article thumbnail

Reasons Why Roof Insurance Claims Are Denied

Agent Drive

There are many reasons why roof insurance claims are denied, but they all have to do with the specifics of your policy. Your deductible is one crucial factor influencing whether or not you should file a claim for damages. Here’s what else could cause an issue: You might exceed the limits on specific types of […]. The post Reasons Why Roof Insurance Claims Are Denied appeared first on AgentDrive.

article thumbnail

No end in sight for Compass’s expansion into title

Housing Wire

Real estate brokerage Compass announced Wednesday that it has signed an agreement to acquire Denver metro area based title insurance company First Alliance Title LLC , its fourth title insurance acquisition in the past year and second this month. According to Compass, the transaction is expected to be finalized before the end of the year. The financial details of the deal are not being disclosed.

Title 368
article thumbnail

Existing Home Sales Fall in August

Eye on Housing

As tight inventory continued to push up prices, existing home sales fell in August but remain above pre-pandemic levels, according to the National Association of Realtors (NAR). Though the median existing home prices has increased 34% since January 2020, housing demand remains strong thanks to low mortgage rates and buyers are waiting for more inventory.

Sales 107
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

Appraisal Subcommittee hosts tense discussion on bias

Housing Wire

An Appraisal Subcommittee roundtable discussion about bias in appraisals struck a nerve with attendees of the virtual summit, many of them appraisal professionals. Department of Housing and Urban Development Sec. Marcia Fudge, who headlined the event, gave a short presentation to stress the Biden administration’s continued focus on addressing bias in appraisals.

Lending 370
article thumbnail

Delectable Dining in Boca Raton

Waterfront Properties

The city of Boca Raton has some of the finest dining spots around and Chloe’s Bistro is one of those delectable eateries. Chloe’s Bistro is located at 6885 SW 18th Street Suite B7 in Boca Raton. The restaurant always uses the greenest items because you simply cannot faux flavor. There is no compromising in quality when preparing delicacies such as Lobster Ravioli, Shrimp Scampi, Chicken Marsala, Burrata and more Look at the menu and see.

As-is 98
article thumbnail

Insurance brokerage Acrisure buys Tempo Title

Housing Wire

The fastest growing brokerage in insurance industry history, Acrisure , announced Wednesday that it has acquired title insurance and settlement service provider Tempo Title , marking its entrance into the real estate services business. Tempo Title is one of the largest private title insurance and settlement service providers in the U.S., with an annual revenue of over $300 million and licenses to operate in 43 states, making it one of the nation’s largest title insurance companies.

Title 362
article thumbnail

‘Informational inspection’ doesn’t impact the offer

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: ‘Informational inspection’ doesn’t impact the offer. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. By changing the offer language to an “informational inspection” from a traditional “inspection contingency” condition, the deal is firm – the buyer is waiving their right to ca

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

Upscale Tex-Mex Eatery – Palm Beach Gardens

Waterfront Properties

The upscale Tex-Mex restaurant, Cactus Grille and Tequila Bar is coming to the boundary line between Palm Beach Gardens and Jupiter. The eatery will take over the former Burger Bar space at the Donald Ross Village Plaza. Cactus Grille and Tequila Bar has roots in Rhode Island. Cactus Grille and Tequila Bar is expected to open this fall, October 2021.

97
article thumbnail

Canadian Inflation Forecast Doubles For 2022, Near-Term Risks To The Upside: OECD

Better Dwelling

Elevated levels of inflation may stick around longer than central banks have let on. The Organization for Economic Co-operation and Development (OECD) released its 2021 summer outlook. The intergovernmental agency for advanced economies revised Canada’s inflation forecast higher. Not a little either, they now see double the rate of expected inflation next year.

Banks 95
article thumbnail

10-Plus Video Marketing Tips for Real Estate Agents

RIS Media

The internet and smartphones have made video content widespread and accessible. To engage with your clients, you need to shoot a lot of video. Let’s talk about connecting with your audience, some video ideas and how to make your videos stand out. Find Your Audience. You want your video to be seen by people interested in buying or selling a house.

Agents 102
article thumbnail

Home equity loan vs. mortgage: Differences, pros and cons

The Mortgage Report

When you want to pull cash from your home, you'll need to decide between a home equity loan vs. mortgage. Here's how to choose wisely.

Equity 107
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

Employment Situation in August: State-Level Analysis

Eye on Housing

Nonfarm payroll employment increased in 31 states in August compared to the previous month while 19 states and the District of Columbia lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased at a slower rate by 235,000 in August, following an upwardly revised increase of 1,053,000 jobs in July. On a month-over-month basis, employment.

article thumbnail

Mortgage and refinance rates today, Sept. 22, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. It’s as if key markets are holding their breath as they await the Federal Reserve’s crucial statement (2 p.m. […].

article thumbnail

Homebuyer Fatigue Hits the Housing Market as Prices Continue Soaring

Realtor.com

With record-high prices and a housing shortage, many are suffering from homebuyer fatigue. Some are taking a break while others are leaving the market. The post Homebuyer Fatigue Hits the Housing Market as Prices Continue Soaring appeared first on Real Estate News & Insights | realtor.com®.

article thumbnail

Ponto Resort

BubbleInfo

Did you know that a major resort in SW Carlsbad has been in the works since 2007? Here is their timeline: [link].

105
105
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

Park Slope Brownstone Near Prospect Park With Eight Mantels, Sauna Asks $9.99 Million

Brownstoner

The rather exuberant design choices on the interior of this Park Slope brownstone may not be to every buyer's taste. But underneath the color and pattern, there are some lush original features like mantels, stained glass and built-ins. The renovated two-family at 312 Garfield Place is also just a short… Read More > The post Park Slope Brownstone Near Prospect Park With Eight Mantels, Sauna Asks $9.99 Million appeared first on Brownstoner.

article thumbnail

ERA® Real Estate Expands Washington Presence

RIS Media

ERA ® Real Estate has announced that Tucker Realty LLC, based in Mount Vernon, Washington, has affiliated with the ERA® brand. The company will now do business as Tucker Realty ERA Powered. The company, established in 2019, is owned by the husband-and-wife team of John and Michelle Combel. It provides real estate services in Skagit, Snohomish and Whatcom Counties in northern Washington State. “The Combels’ deep experience leading businesses in various industries gives them a unique p

Branding 102
article thumbnail

Federal Reserve: Closer to Taper

Eye on Housing

The Federal Reserve has been supporting the housing market during the virus crisis, the 2020 recession, and the subsequent, ongoing recovery via asset-backed purchases (among other tools), including $40 billion a month of mortgage-backed security (MBS) purchases. These MBS purchases have held interest rates lower than they otherwise would have been.

article thumbnail

Priced at $65M, Camp Teton Is Wyoming’s Most Expensive Home

Realtor.com

On the market for $65 million, this 55-acre property in Jackson, WY, known as Camp Teton is the most expensive home currently available in Wyoming. The post Priced at $65M, Camp Teton Is Wyoming’s Most Expensive Home appeared first on Real Estate News & Insights | realtor.com®.

As-is 79
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.