Thu.Feb 25, 2021

FHFA extends forbearance period to 18 months

Housing Wire

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to six months, the Federal Housing Finance Agency announced Thursday. On Feb.

Are There Going to Be More Homes to Buy This Year?

Keeping Current Matters

If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy.

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Mortgage rates climb higher to 2.97%

Housing Wire

The average mortgage rate for a 30-year fixed loan is now just 3 basis points away from 3%, after a 16 basis point jump last week pushed mortgage rates to 2.97%, according to Freddie Mac ’s Primary Mortgage Market Survey.

Lender credits: How a mortgage lender can pay your closing costs

The Mortgage Report

Lender credits let the mortgage lender pay closing costs, while the borrower pays a higher interest rate. Find out if lender credits are worth it here. About Mortgages

Rocket Mortgage made $9.5B in profits in 2020

Housing Wire

Rocket Companies , the parent company of Rocket Mortgage , cleared another $2.48 billion in profits during the fourth quarter, giving the nation’s biggest mortgage lender a total of $9.5 billion in profits for 2020. Rocket originated $107.2

Pending Home Sales Dip Again in January

Eye on Housing

After reaching a record high in August, pending home sales slid for the fifth consecutive month, as surging home prices and low inventory constrain buyers.

Sales 95

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Zillow to Start Cashing in on Zestimates, Industry Responds

RIS Media

There’s been no shortage of news when it comes to Zillow, a company that kicked things off in the early 2000s with a home-search portal that consumers now recognize as the place to go for market inventory.

Pending home sales drop, but there’s a silver lining

Housing Wire

It’s like the Yogi Berra quote – nobody goes there anymore, it’s too crowded. For the fifth consecutive month , U.S. pending home sales dipped – this time, down 2.8% in January from December, according to a report from the National Association of Realtors. And inventory shortages are the culprit. Despite the decline, many industry observers see big potential for the housing market in the year ahead.

Sales 212

Pending Home Sales Kick Off 2021 With a 2.8% Dip in January

RIS Media

Inventory constraints appear to have played a part in pending home sales dwindling in January, according to the latest report from the National Association of REALTORS® (NAR).

Sales 87

Finicity launches verification service approved by GSEs

Housing Wire

Finicity , an open-banking solutions provider that was acquired by Mastercard in October, announced that it is dipping further into the mortgage space.

Banks 204

Black History Month at AppFolio: Recognizing Black Experiences and Voices

App Folio

At AppFolio, we know that great people make a great company, and we not only value diversity in backgrounds and perspectives, but count on it to make our culture thrive and drive deeper customer connections. .

Blend’s Nikolaos Pavlou to speak at Spring Summit

Housing Wire

Nikolaos Pavlou, product marketing manager at Blend , will sit down with other housing luminaries to discuss what mortgage tech is solving now at HousingWire’s Spring Summit on March 4.

Banks 163

66 Questions to Ask When Buying a House

Redfin

As a first-time homebuyer , it’s easy to feel overwhelmed even before you begin your homebuying journey. After all, this is a new process for you and, simply put, you don’t know what you don’t know. First off, there are no silly questions you can ask during any stage of the homebuying process.

2021 Rising Stars Nominations are closing soon!

Housing Wire

Today is the last day to nominate a 2021 Rising Star – don’t forget to submit your nominations by the end of the day! The past year has presented an opportunity for young leaders to step up and prove their value under unique circumstances in the housing world.

How to Convert More Buyers to Sold in a Fast Market

RIS Media

Panicked due to lack of inventory? Frustrated by losing sales to the competition? There’s a good chance you’ve been deflated by fast property turnover, losing in multiple-offer situations or buyers that go radio silent.

Loans 86

Grandmillennial Style Is All the Rage: How to Embrace this Design Trend in Your Home

Redfin

Millennials are taking a leaf out of their grandparents’ book with a modern-meets-traditional decor style known as grandmillennial.

Live Interview: NAR President Charlie Oppler on What Your NAR Dues Cover

RIS Media

Most real estate agents are members of the National Association of REALTORS® (NAR). However, even as members, many agents are unaware of all of the benefits that come with membership.

Sales 86

The Zestimate Is Now the Purchase Price from Zillow

Notorious ROB

Got a press release this morning from Zillow — well, Zillow’s PR agency — that the Zestimate is now the offer price from Zillow Offers.

MLS 83

3 Things to Look for in Brokerage Tech

RIS Media

Investing in technology is significant for your business’ future and productivity. With the backing of the right brokerage platform, your business can become more efficient and you can start setting goals based on real data.

Bank of America Mortgage Review for 2021

The Mortgage Report

Bank of America mortgage review showing how the company compares to other top lenders for mortgage rates, customer service, and loan options. Mortgage Lender Reviews Mortgage Products

Banks 80

Brandon Nimigon takes over Century 21 Granite Realty Group in Haliburton

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: Brandon Nimigon takes over Century 21 Granite Realty Group in Haliburton.

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‘Unsolicited’ CoStar Bid for CoreLogic Acquisition Could Lead to Zillow Competition

RIS Media

The acquisition battle over CoreLogic continues. In early February, CoreLogic entered into an agreement to be acquired by private equity firm Stone Point Capital and Insight Partners.

Wells Fargo Mortgage Review for 2021

The Mortgage Report

Wells Fargo Home Mortgage review showing how Wells Fargo compares to other top lenders for mortgage rates, customer service, and loan options.

Rose City Bungalow

The Living Room

Rose City Bungalow. 3336 NE 63rd Ave | Portland, Ore 97213. Offered at $459,900 | ML #21027412. 2 Bedrooms | 2 Baths | 1,915 SF | 5,000 SF Lot. Rose City Bungalow. Expansive layout features open kitchen w/access to fenced yard, high ceilings & covered front porch.

Enjoy Open Air Dining and Music in Jupiter This Weekend

Waterfront Properties

Downtown Abacoa in Jupiter hosts their weekly Open-Air Dining event every Friday and Saturday night. Dine along Town Center Drive with one of the several restaurants for a perfect dinner under the stars.

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Thoughts on Leadership: Short-Term Memory

RIS Media

I was thinking about what I wanted to write for today’s [at press time] post, and a topic came to mind we’ve never really discussed before: memory.

The Hottest Cities in Real Estate Right Now Are ‘Spillover Markets’—Where Are They?

Realtor.com

iStock The past year was the ultimate roller-coaster ride in real estate—long upward climbs, steep drops, and no shortage of hairpin curves along the way. And the ride hasn’t come close to slowing down so far in 2021.

RBC Adds Two “Severe” Risk Scenarios, Including Canadian Real Estate

Better Dwelling

Risk models from Canada’s largest bank shows a wider range of uncertainty for real estate. RBC’s latest models, shared with analysts this week, shows a general forecasted improvement. The downside hasn’t changed much, indicating a little more uncertainty.

Banks 101

Want To Build Your Own House? The Pros, Cons, and Costs

Realtor.com

ArtistGNDphotography / Getty Images Building a brand-new home may sound like a dream come true. You get to choose the ideal layout for your family’s needs, and have a say in each and every design element. However, the process may also be daunting if you’ve never done it before.

Loans 100

Startup from former Zillow exec creates ‘Agent Advisory Council’

Inman

Tomo, a still-secretive fintech platform focused on the real estate transaction, is tapping agents from across the country for feedback. Select Technology FinTech Greg Schwartz PropTech real estate technology Tomo transaction Zillow