Independent California brokerage, Ashby & Graff Real Estate, pressed pause on its five-figure Facebook ad budget in January 2019. Recently, Ashby & Graff got rid of its Facebook business page entirely. The brokerage released a statement on Monday in response
Mortgage forbearances fall for the first time
The number of mortgages in forbearance declined this week for the first time since the start of the COVID-19 pandemic, Black Knight said in a report on Friday. The number dropped to 4.73 million from 4.76 million in the prior
People movers: Realtor.com, ServiceLink and WFG Lender Services
Realtor.com has promoted its Senior Vice President of Product, Rachel Morley, to chief product officer. With over two decades of experience in the industry, Morley held multiple positions at REA Group, which operates property websites domestically and throughout Asia, including
[PULSE] Mortgage servicers are getting the short end of the stick under the CARES Act
Many of you have read about the power of the president to invoke the Defense Production Act to acquire products or direct the activities of suppliers based on a finding that it is necessary for the federal government to intrude
Appeals court throws out $706 million jury verdict against Amrock, orders new trial
A $706 million jury verdict against Amrock in 2018 was tossed out on Wednesday by a Texas appeals court after it ruled the jury considered invalid legal theories. The Fourth Court of Appeals in San Antonio ordered a new trial
CFPB and CSBS issue statement on mortgage forbearance warning servicers on borrower guidance
The Consumer Financial Protection Bureau and Conference of State Bank Supervisors have issued a joint statement regarding forbearance as it relates to the CARES Act. The three-page statement defines protections for borrowers with federally backed mortgages. Under the terms of
FHA enacts temporary policy shift on forbearances
The Federal Housing Administration introduced a temporary policy designed to offer guidance for lenders on how to obtain FHA insurance endorsements on mortgages where the borrower either obtained or requested a COVID-19 forbearance. Current FHA policy prevents mortgages that are
The mortgage industry’s united effort to combat COVID-19
From the frontlines to front porches, the mortgage industry has quickly found ways to support those impacted by the COVID-19 pandemic. The devastating consequences of the virus reached many parts of the housing industry, and most notably, the ability to
Home-Buying Demand Up 22% After Seven Straight Weeks of Increases; Shortage of Homes for Sale Drives Prices Up 7%
Just the Facts: Four Key Housing Market Takeaways for This Week Home-buying demand is up 22% from pre-pandemic levels after seven straight weeks of gains. Sellers are slowly returning, but new inventory can’t keep pace with demand and the number
20 Best Cities To Invest In Real Estate In 2020
Real estate remains an appealing asset class for investors because of the opportunity to earn recurrent income from rentals. If the market dynamics are optimal, your monthly rental income can fully offset the expenses associated with servicing your mortgage. Interest
FHFA updates housing goals for Federal Home Loan Banks
The Federal Housing Finance Agency today issued a final rule for the housing goals of the nation’s network of Federal Home Loan Banks aimed at boosting mortgage lending to low-income neighborhoods. “By creating housing goal targets that are achievable for
June 1 rent payments show stress, with some cities seeing steep declines
Rent payments made on June 1 have dipped in some states, while others have shown positive growth, according to a new survey from LeaseLock. Even though renters haven’t had the time to fully recover from the impact of COVID-19, April
Jobless claims fall to 1.9 million, the lowest since March
Another 1.9 million people filed jobless claims last week, the lowest level since the COVID-19 pandemic began closing U.S. businesses in mid-March. Last week’s job losses bring the total number of Americans seeking unemployment benefits in the last three months
How brokers can prepare for the anticipated summer home-buying season
Austin Niemiec is the executive vice president of Quicken Loans Mortgage Services (QLMS). HousingWire sat down with Niemiec to discuss the disruption to this year’s home buying season and how brokers can prepare to take on more purchase activity. HousingWire:
Real estate CEOs talk about digitizing the industry
On the second day of Inman Connects Now, brokers and CEOs took the virtual stage and discussed real estate’s transition to virtual technologies, as well as what buying and selling a home could look like post-pandemic. Redfin CEO Glenn Kelman
NAREB issues call to action removing barriers to black homeownership
The National Association of Real Estate Brokers President Donnell Williams released a statement Wednesday in response to the national civil unrest America is currently facing. NAREB chose to take an economic perspective in regard to black Americans battling COVID-19, racial
First-hand account: Here’s what it’s like to sell your home during a pandemic
Last week, I decided to sell my home. The decision seemed sudden, but it wasn’t. I watched as the market started picking up. I watched as interest rates continued to drop. I browsed options online as I waited and watched.
Learn how to master the power of podcasts at engage.marketing in June
Your voice is one of the most powerful tools that you have. At the same time, we’re also living in an environment where there are more ways than ever before to digest information. So how do you make sure you’re
[PULSE] Digitizing the mortgage industry through MISMO
Over the last several years, the Mortgage Industry Standards Maintenance Organization (MISMO) has been the driving force as the mortgage industry has transitioned to a digital world. MISMO was created to standardize how the mortgage industry communicates, and its mission
United Wholesale Mortgage removes extra employment verification requirement on all loans
United Wholesale Mortgage, the largest U.S. wholesale lender, said it was removing an extra rule, or overlay, it implemented last month requiring a borrower’s employment to be re-verified on the day of closing. The removal of the overlay applies to
7 Kitchen Upgrades to Make Your Home Stand Out to Buyers
If you’re getting your house ready to sell, you might be wondering what upgrades you can make to help your home stand out amongst the competition. With the kitchen being one of the most memorable and important areas of any
Home Maintenance: 11 Things You Should Address Immediately
Your home is your sanctuary and maintaining it is paramount, especially if you ever plan on selling your home in the future you’ll be sure to want top dollar for it. Beyond sweeping floors and mowing your yard, some home
Phoenix Real Estate Market 2020 Overview
If you are considering buying a house or an investment property in the Phoenix real estate market, you’ll find all the housing statistics on this page to help you make a sound decision. As we saw Arizona real estate market thriving
Housing Tech Rundown: DocMagic, Qualia and Curbio
With recent indications that summer will be this year’s strong home-buying season, housing tech companies are poised to help consumers and lenders with a variety of challenges related to low inventory and the resulting bidding wars on top of the
