As lenders adapt to a purchase-centered market, HousingWire spoke to Brian Boero, CEO of 1000watt, about opportunities to grow lenders’ effectiveness in the Realtor and broker market. HousingWire: What’s happening right now in the Realtor world that lenders should know
Top 8 Reasons to Move to Philadelphia and Why You’ll Love Living Here
Commonly known as the “City of Brotherly Love,” moving to Philadelphia offers residents access to the conveniences of a large city while still holding all the charm of a small town. From historic sites like the Liberty Bell, famous dishes
How To Retire Early With Real Estate Investing?
So, how does it feel to Retire Early with Real Estate? When you talk about retiring early with real estate, the default answer for many is, “I’ll pay off the house.” A common second answer is, “I can borrow against
How Do Real Estate Agents Get Paid?
Most people choose to work with a real estate agent when buying or selling a house. Unlike an hourly or salary employee, a real estate agent doesn’t get paid based on their work hours. Real estate agents at traditional brokerages
RealTrends 500: Keller Williams and RE/MAX offices tops in percentage transaction sides
Keller Williams and RE/MAX lead the list of the top 50 one-year movers by percentage transaction sides, with Keller Williams — Cunningham Group, based in Santa Monica, California, seeing a 136% increase in sides between 2020 and 2021. Data for
Virtual Staging: An Innovative Way to Impress Buyers
In a virtual age, where you can tour homes online and purchase a home sight-unseen, why wouldn’t you consider virtual staging as a way to market your home to potential buyers? As more home sellers turn to virtual staging, you
Top 8 Reasons to Move to Pittsburgh and Why You’ll Love Living Here
Otherwise known as “The City of Bridges” and “Steel City,” Pittsburgh, PA offers residents affordable housing options, a vibrant arts and culture scene, an opportunity to be a part of one of the most loyal fan bases in the sports
Los Angeles Real Estate Market: Prices | Trends | Forecasts 2022
We’ll discuss the recent trends in the Southern California housing market as well as the Los Angeles housing market. Following the impact of the pandemic, which temporarily stalled the market, we saw the first signs of recovery in property sales
Biden’s $1.6 trillion budget calls for a 19% budget increase for HUD
The Biden administration unveiled a $1.6 trillion discretionary spending request for 2023, which includes a 19% budget increase for the Department of Housing and Urban Development (HUD). If the request is approved by Congress, HUD could receive $71.9 billion, approximately
Pot it Like it’s Hot: Best Plants for Apartments
Houseplants are a great way to bring nature inside, but some apartment-dwellers may find it difficult to find the perfect plants for their space. Since some apartments have minimal natural light and square footage, it’s important to know which plants
Fannie Mae finalizes two additional credit insurance risk transfers
On the heels of completing its first credit insurance risk transfer (CIRT) deal of the year in early March, Fannie Mae has announced that it has executed two additional CIRT deals. The newest deals, CIRT 2022-2 and CIRT 2022-3, together transferred $1.8 billion
Ginnie Mae EBO loan market buffeted by rising rates
Mortgage rates, rates New York-based Mortgage Industry Advisory Corp. (MIAC) is in the market with two whole-loan offerings of nonperforming Ginnie Mae-insured mortgages that combined are valued at more than $1.2 billion. The two deals involve nonperforming loans that are eligible for
Profit margins are plunging for nonbanks
Nonbanks and mortgage subsidiaries of chartered banks reported grim profitability figures in the fourth quarter of 2021, when costs reached a new high and margins fell to the lowest level since early 2019. And most industry observers think it will
Mortgage Underwriting: What You Need to Know
Mortgage underwriting is a necessary step in the mortgage origination process and begins when the seller accepts the offer you submitted to purchase a home. Either you or your real estate agent contacts your lender, who then collects the necessary
Tiny House Living: What to Know About Living Big in a Small Space
The home we choose to buy has a significant impact on our lives. Do you buy a classic Cape Cod-style home? Maybe something more unique like a Victorian house? What about taking the leap and purchasing a tiny house? Purchasing
Maxwell adds Amy Brandt to board of directors
Digital mortgage platform Maxwell has brought on Amy Brandt to its board of directors to gain perspective on the challenges that lenders face and the gaps in the mortgage digitalization process. A veteran with two decades of experience in digital
Freddie Mac names chief diversity and inclusion officer
Freddie Mac today named Wendell Chambliss, its top counsel for affordable housing goals, as chief diversity and inclusion officer. Chambliss will assume the role April 11. Chambliss will take over for Dionne Wallace Oakley, who has been balancing the diversity
10 Mortgage Shopping Mistakes You Don’t Want to Make
Shopping for and securing an affordable mortgage loan is no easy feat. It takes time, research, and effort, and considering it’s a commitment you’ll be locking yourself into for the next 10, 15, even 30 years to come, you need
Forbearance rate declined to just 1.18% in February
Servicers’ forbearance portfolio volume dropped in February for the 21st-consecutive month, with more borrowers current on their mortgage payments due to improvements in the economy and viable loss mitigation options. The total number of loans in forbearance decreased by 12
Renting With Pets: What You Need to Know
Pets are great companions. They provide health benefits like socialization, intellectual stimulation, and companionship while bringing joy to people’s lives. Unfortunately, renting with pets can be difficult; property managers generally view animals as risks and dissuade people from having them
Fannie Mae rolling out its third CRT offering of 2022
Fannie Mae is off to steady start on its path toward issuing $15 billion in notes this year through its Connecticut Avenue Securities (CAS) real estate mortgage investment conduit, or REMIC. The agency is about to unveil its third deal
25 Popular Interior Design Styles Defined
When it comes to achieving your dream home interior, knowing which interior design style suits your tastes the best can be overwhelming. Throw in ever-evolving styles and trends, and it can be downright confusing. That’s why learning what sets them
Opinion: Does your title M&A strategy add up?
Most title business owners dream of the day they can sell the firm they’ve built for the maximum multiple. Others look forward to building their brands with strategic acquisitions when the timing is right. Here are some tips and pointers
What is a Seller’s Disclosure? Here’s Why It’s Important
Whether you’re about to purchase a new condo or sell your current home, there is a lot to learn and paperwork to sign. One of these critical documents is called a seller’s disclosure. A seller’s disclosure, also known as a