President-elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen to be the next Treasury Secretary, according to a new report. The Wall Street Journal on Monday afternoon reported that Biden tapped Yellen, an economist who was the
The Disposition Strategy That Launched a Business | Best Deal Ever Show
Low, low mortgage rates make 19.4 million eligible for refi
As mortgage rates stay below 3% for the 17th consecutive week, a Black Knight report released Friday found that the number of “high quality” refinance candidates continues to climb. According to the report, a whopping 19.4 million homeowners are now
HUD Secretary Ben Carson improving following COVID-19 diagnosis
Department of Housing and Urban Development Secretary Ben Carson said he’s “out of the woods” after experiencing severe symptoms related to a positive COVID-19 diagnosis earlier this month, according to a MarketWatch report. Carson, 69, credited a botanical treatment derived
Reaching Financial Independence Despite a Very Late Start w/ Baby Boomer Super Saver | BP Money 152
Startup profile: Sundae
Taken from the October/November issue of HousingWire Magazine, Sundae aims to aggregate demand from “fix and flippers,” who use the marketplace to bid against each other for distressed properties. Earlier this year, the company raised $16.55 million in Series A funding. QED Investors led the
Remote Work Could Most Help Black Renters Trying to Buy Homes
Black renters are 29% more likely than other renters to be able to buy a first home because of the rise in telework. Go to Source Author:
Defeating Distraction and Why “To-Do” Lists are Dangerous with Nir Eyal | BiggerPockets Podcast 419
Why I’m Not House Hacking (& the Strategy That Will Cover More of My Rent) | Daily #33
3 Ways to Succeed in a Real Estate Bubble with Steve Rozenberg
This MAJOR Tax Benefit Convinced Me to Put Money In Large Multifamilies | Daily #31
Keeping Good Contractors with Sterling White
How I Started Investing In Real Estate While Working a 9-5 Job | Meet The Investor
Mnuchin moves to end emergency programs. How would it affect housing?
On Thursday, Treasury Secretary Steven Mnuchin rolled grenades down Wall Street and Main Street: he said he would not extend several emergency lending programs beyond Dec. 31, and also asked the Federal Reserve to return a portion of $195 billion
Case Study: How Sierra Pacific Mortgage increased underwriting capacity
Recent tech innovations have targeted point of sale or specific underwriting tasks to improve operational efficiencies, leaving the manual review of appraisals as an underexplored area ripe for digitization and automation. Collateral underwriting turn times in particular have been slowing
Housing Tech Rundown: Quantarium, Equifax and Ellie Mae
Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. The latest tech, coined QVM-Insights, leverages Quantariums AI power
Time to close on mortgages growing amid soaring volume
Ellie Mae’s Origination Insight report for October demonstrates some of the side effects of the historically low mortgage rates we’ve seen in 2020: incredibly high volume and an increase in time-to-close. Across the board, 30-year mortgage rates decreased on average
NAR launches interactive training to combat housing discrimination
The National Association of Realtors has rolled out a new, free interactive training platform designed to help combat discrimination in the real estate industry called Fairhaven. Fairhaven is a fair housing simulation exercise that will be offered directly to NAR
Here’s what to expect from a Biden administration regarding housing
We are now under 60 days remaining until we have President Biden and Vice President Harris leading a new administration in D.C. Beyond any political views of the election and the ensuing drama, industry is asking: What will a Biden
Lessons Learned From Our First BRRRR Investment Property | Live Q&A w/ Rentals To Wealth
Success in Good & Bad Times: A Recession-Proof Investing Plan That’s Never Failed Me | Daily #30
Home values rising faster than at any time since 2005
Competition among buyers pushes home values higher as rent growth slows nationwide Go to Source Author:
Industry gives mixed reviews of FHFA’s Final Capital Rule
The mortgage industry is responding with mixed reviews to the Federal Housing Finance Agency‘s Final Capital Rule for mortgage giants Fannie Mae and Freddie Mac, which it released on Wednesday. The final rule mandates that the GSEs maintain tier 1 capital in excess of
Companies with MISMO RON certificate double in three months
Digital notary platform NotaryCam announced on Wednesday it has been awarded the Remote Online Notarization (RON) Compliance Certification through the Mortgage Industry Standard Maintenance Organization (MISMO) – making it the eighth company to receive the specialized certification. Originally introduced in April, the MISMO RON compliance