After six months of filling the position temporarily, Brian Brooks, current acting head for the Office of the Comptroller of the Currency (OCC), announced on Tuesday that President Donald Trump intends to nominate him to serve as the 32nd Comptroller
NAR’s Yun expects a brisk winter housing market
This year has been full of surprises, but the biggest might be how exceptional the housing market is performing, National Association of Realtors Chief Economist Lawrence Yun said on Tuesday. In a panel at the NAR 2020 Realtors Conference and
These are the top RON trends to watch for in 2021
In 2020, remote online notarization became one of the key technologies being discussed among mortgage professionals. So what does 2021 have in store for RON? There are many different thoughts on what 2021 could bring for the eClosing technology (and
Realogy Franchise Group promotes Susan Yannaccone to president and CEO
The largest owner of U.S. real estate brokerages and franchise brands, Realogy Holdings Corp., has announced the appointment of Susan Yannaccone as president and chief executive officer of Realogy Franchise Group, effective Nov. 30. Yannaccone joined Realogy in 2015 as
Real estate tech roundup: Shaker, zavvie and Homie
Indianapolis-based High Alpha has launched Shaker, a collaborative CRM and real estate transaction management platform. Through the platform, Shaker offers a suite of tools to streamline client communication and collaboration, including transaction management, client communication, predictive insights and a built-in
Builder confidence reaches 35-year high in November
The National Association of Home Builders and Wells Fargo Housing Market Index, measuring builder confidence, rose five points to 90 in November – the highest score the series has ever recorded since its inception 35 years ago and the third month in its history the score
MBA predicts record purchase mortgage volume in 2021
The Mortgage Bankers Association on Tuesday released revised estimates for the third and fourth quarter of 2020 as well as predicting record purchase volume for 2021. Although The MBA expects decreased numbers of refinancings will lower overall origination next year
3 House Hacking Mistakes I Made (& How I Could’ve Prevented Them) | Daily #27
Putting Your Business on Auto-Pilot With Justin Silverio | BiggerPockets Business Podcast 82
eOriginal launches hub for lenders to find RON partner
eOriginal announced the release of its new ClosingCenter 2.3, which includes a hub to connect lenders to the right remote online notarization partner. This move comes after a year of change for the title industry. RON has become the go-to
Why is the El Paso housing market so hot right now?
The Texas border town of El Paso, the state’s westernmost city with a population of less than 1 million, has experienced an enormous uptick in home purchases since March – the month that COVID-19 began shutting down businesses, forcing people
The differences between FHA, VA, and USDA mortgages
When you get a mortgage, there are several options you can choose from, including FHA, VA, USDA, and conventional mortgages. And the one you pick? That will determine how big a down payment you’ll need, what credit score you should
The differences between home and mortgage insurance
If you’re using a home loan to buy a house, then you could have two types of insurance in your future, home insurance and mortgage insurance. Home insurance is also called homeowner’s insurance or hazard insurance. These policies cover damage to
A far from normal downturn: Originations versus delinquencies
COVID-19 is a historically unique event for the mortgage industry. Typically, during a crisis or catastrophic event that impacts the housing industry, you’d see a significant downtick in mortgage originations and an uptick in delinquencies, ultimately leading to foreclosures. However, the COVID-19 pandemic
Mortgage forbearance rate falls 20 basis points to 5.47%
The U.S. forbearance rate measuring the share of mortgages with suspended payments experienced a 20 basis points improvement last week after it fell to 5.47% from 5.67% the week prior, according to the Mortgage Bankers Association. The U.S forbearance rate has now fallen
After several disturbing incidents, NAR amends Code of Ethics to include Realtors’ personal behavior
The National Association of Realtors voted on Friday in favor of a motion that makes it a violation for Realtors to use harassing or hate speech toward any of the protected classes under Article 10 of NAR’s Code of Ethics.
What the surge in COVID cases means for the housing market this winter
With COVID infection rates exploding and hospitalization rates rising as we go into the cold winter months, the risk this poses to our recovering housing market is a question that should be addressed. In a previous article, I identified infection
Affordable housing groups look to Biden to fulfill campaign promises
Though housing didn’t take center stage during the 2020 election season, those who work in affordable housing were keeping a close eye on the race, and are now looking expectantly at President-elect Joe Biden’s $640 billion housing plan originally proposed
