Mon.Oct 19, 2020

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MBA: Mortgage forbearance rate falls to lowest level since mid-April at 5.92%

Housing Wire

The U.S. forbearance rate measuring the share of mortgages with suspended payments fell to 5.92% last week, the lowest since mid-April, according to the Mortgage Banker Association. The rate dropped from 6.32% in the prior week, MBA said in a report on Monday. The decline was largely led by portfolio loans and private-label securities as their share of mortgages in forbearance fell to 8.86% from 10.06% the week prior.

Mortgages 545
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Real Estate Continues to Show Unprecedented Strength This Year

Keeping Current Matters

The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, the upcoming election, and more? Here’s a look at what several industry-leading experts have to say.

Equity 283
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NAR boosts awareness of fair housing issues with newest ad campaign

Housing Wire

The National Association of Realtors has launched a new ad campaign , an extension of its “That’s Who We R” effort, working with creative advertising agency Havas Chicago to create an omnichannel campaign to drive awareness of fair housing issues. NAR said, “this ad won’t end discrimination in real estate. People will,” and recommends that its members and the public report fair housing violations to HUD.gov.

Branding 464
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RBC Just Forecasted Mortgage Defaults May Be Higher Than If The BoC Did Nothing

Better Dwelling

Canada’s largest bank is prepared for the wave of mortgage defaults coming. Phew! Wait… what defaults? RBC Capital Markets sent a research note to clients last week. In it, the analysts mention up to a fifth of deferred mortgages are at risk of default. It’s great the bank is well prepared for this event, but […]. The post RBC Just Forecasted Mortgage Defaults May Be Higher Than If The BoC Did Nothing appeared first on Better Dwelling.

Mortgages 143
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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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Financial wellness resources offered to NAR members through partnership with Morgan Stanley

Housing Wire

Investment guidance and financial wellness resources are now available to all 1.4 million members of the National Association of Realtors (NAR) , through a partnership with Morgan Stanley. According to NAR, this guidance will be uniquely designed to fit the needs of individual Realtors. The tools include the support of a dedicated Morgan Stanley financial advisor for college savings, retirement and estate planning.

Finance 381

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TransUnion announces partnership with FinLocker to give consumers and lenders more access to data

Housing Wire

Credit reporting agency TransUnion announced on Monday that it was making an equity investment in FinLocker ’s $20 million Series A round, inking a partnership agreement designed to give consumers more control and access to their credit data while letting lenders and servicers leverage FinLocker for lead nurturing and conversion. With the partnership, TransUnion will provide credit report information to FinLocker and provide updated credit and consumer information through its lead generation and

Loans 408
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Brand Report: Three Months of Record-Breaking Home Sales

RIS Media

The streak of record-shattering home sales stretched to three months in September, as closings rose 21.1 percent from a year ago. On average, homes sold in a mere 39 days—a full week faster than in September 2019. Meanwhile, inventory plummeted 31.9 percent year-over-year as the number of homes on the market dropped to an all-time low in the 13-year history of the report.

Branding 132
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FHFA proposes rule on new products and activities from GSEs

Housing Wire

The Federal Housing Finance Agency announced at this year’s Mortgage Bankers Association Annual event that it is proposing a new rule for activities and products from the government-sponsored enterprises. The proposed rule replaces an interim rule from 2009 and would require Fannie Mae and Freddie Mac to provide advance notice to the FHFA on any new activities and obtain prior approval before launching new products.

Loans 284
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Mortgage and refinance rates today, October 19, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched higher last Friday, as we predicted. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Current […].

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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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How Jonathan Corr’s passion for automation fueled Ellie Mae’s people-centric culture

Housing Wire

Jonathan Corr served as president and chief executive officer at Ellie Mae before announcing his retirement in September after the company was acquired by Intercontinental Exchange. Joe Tyrrell, Ellie Mae’s chief operating officer, succeeded Corr as president of ICE. HousingWire sat down with Corr and Tyrrell for an exclusive look back at the changes in the company and in the mortgage industry during the last two decades, as well as what’s ahead.

Loans 226
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How agents kill deals over home inspections

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: How agents kill deals over home inspections. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. As a manager, I have seen too many deals fall through because of home inspections.

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The Best Steak Houses For Any Occasion | Palm Beach County

Waterfront Properties

It’s hard to choose a better way to dine than at a 5-star steak house, and for those in Palm Beach County, you have options. So, whether you are looking for a romantic reservation for two or an evening out with friends, these three local favorites will satisfy your steak house needs 1000 North 1000 US-1, Jupiter FL 33477 561-570-1000 [link]. Just steps from the Jupiter Inlet, diners at this incredible steak house can enjoy the sunset on the beautiful back terrace or step inside to a trendy-chic

As-is 115
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Extending the Season | The Tips and Tricks of Luxury Patio Design

Sotheby's International Real Estate

St. Helena, California | Ginger Martin , Sotheby’s International Realty – Wine Country – East Napa Street Brokerage. The word patio may bring to mind warm nights and seasonal produce on the barbecue, but there’s much to be said for outdoor spaces that can be enjoyed beyond the summer season. Crisp autumn mornings and cooler evenings don’t necessarily mean it’s time to head indoors — it may simply be time for a seasonal update.

Design 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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Coronavirus Tanked the Economy. Then Credit Scores Went Up.

Realtor.com

Emil Lendof/The Wall Street Journal Millions of Americans lost their jobs and skipped debt payments this year. You wouldn’t know it looking at consumer credit scores. While the coronavirus was pummeling the U.S. economy, Americans’ credit scores—a metric used in nearly every consumer-lending decision—were rising. The average FICO credit score stood at 711 in July, up from 708 in April and 706 a year earlier, according to Fair Isaac , the score’s creator.

Banks 112
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In Bushwick, a Black-Owned Photography Store Opens, Inspiring Love From the Community

Brownstoner

When Dominick Lewis decided to open a photography store in Bushwick, he had no idea what kind of response he would receive. “It’s been amazing,” Lewis said during a recent visit to the store, called Photodom., which opened on September 12. “We’ve had over 1,200 customers that came through and… Read More > The post In Bushwick, a Black-Owned Photography Store Opens, Inspiring Love From the Community appeared first on Brownstoner.

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Trest Home From ‘Home Town’ Season 1 Is Now Available for $210K

Realtor.com

realtor.com, Gary Gershoff/Getty Images A sweet suburban home in Laurel, MS , featured on the popular HGTV show “Home Town” is on the market for $210,000. Fans of the show should cast their minds back to Season 1, Episode 9 , which aired in May 2017. Erin and Ben Napier helped their friends Dawn and Michael Trest move out of a downtown loft and into a life in suburbia.

Design 110
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How to refinance after exiting COVID mortgage forbearance

The Mortgage Report

After exiting mortgage forbearance, it's possible to refinance for a lower interest rate and monthly payment. But there are special rules to be aware of.

Mortgages 119
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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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Preparing for a Home Inspection

RIS Media

Selling a home is no easy feat, and clients look to the expertise of a real estate agent to guide them through the process. You give them valuable information about the house, recommend repair companies and help with negotiation. It’s also important that you guide clients through the home inspection process. HomeTeam’s insights into preparing your client for a home inspection will leave them more knowledgeable and set the inspection up for success.

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Utah’s Most Expensive Home Is a $48M Ranch in Its Own Private Canyon

Realtor.com

Summit Sotheby's International Realty A ranch with more than 3,387 acres as its backyard is now Utah’s most expensive home. Hobble Creek Ranch in Springville, UT, is on the market for $48 million. The property sits at the end of a 7-mile road at the edge of Hobble Creek Canyon. “There’s a gate, and that’s the entrance to this ranch,” says the listing agent, Kerry Oman.

Land 105
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Spookyville At The South Florida Fair Grounds

Waterfront Properties

This year, the Yesteryear Village at the South Florida Fair Grounds is hosting their annual Halloween event, Spookyville. Spookyville will include a drive-thru trick-or-treat cruise, fair foods and special treats available to go. Starting this Friday, October 23rd through Halloween night, Spookyville is taking over Yesteryear Village for the fun, family-friendly Halloween event.

Closing 105
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Starting a Team for the Right Reasons

RIS Media

Combine Purpose and Fun to Propel Renewed Team Success. While real estate teams have grown in popularity over the past several years, there are still misconceptions regarding why and how to start one, and whether they will truly be both beneficial and profitable for the team leader. For instance, some agents just want some extra help during their busiest months and don’t want to take on the management and leadership responsibilities that come with hiring, training and coaching agents on their te

Branding 106
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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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Tips For Renting an Apartment or Home Without Credit

Maximum Exposure Real Estate

How to Rent an Apartment Without Credit Are you looking for an apartment with no credit check? No credit check apartments are not that easy to come by. If you’ve had issues with credit in the past or haven’t had time to build your credit, things can be tough. You could have trouble being approved […]. The post Tips For Renting an Apartment or Home Without Credit appeared first on Massachusetts Real Estate Exposure.

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Boca Country Club Gets Donated To The City

Waterfront Properties

In a move that is largely considered unprecedented, the owners of the Boca Country Club have announced their plans to donate the exclusive country club to the city. The club, which features an 18-hole Joe Lee designed championship golf course, tennis courts, a clubhouse, and a pool will now become a public club, with the goal of it going 100 public within the next year.

Design 98
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Could the Presidential Election Crash The SoCal Real Estate Market?

First Team Real Estate

With November 3rd fast approaching, you may be asking yourself, “How will the presidential election affect the real estate market?” While the election results are undoubtedly pivotal no matter which candidate wins, the question is – could they have a negative effect on the local housing market? Data suggests potential homebuyers are more cautious in the face of national election uncertainty.

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Inventory Watch

BubbleInfo

How do the first three quarters of 2020 compare to last year’s stats? In spite of 8% fewer listings and the pandemic, we’ve sold more SFRs this year between La Jolla and Carlsbad! NSDCC Listings and Sales, Jan 1 – Sept. 30 Year # of Listings # of Sales 2019 4,070 2,237 2020 3,733 2,265 […]. The post Inventory Watch appeared first on bubbleinfo.com.

Sales 98
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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.