Rehabbing a home for profit can be an extremely lucrative proposition, but only if the project is treated like a business, as tight profit margins leave little room for mistakes.
Read More »GSEs Offer Relief Options for Those Impacted by Hawaiian Wildfires
With an estimated 2,200+ structures reported destroyed or damaged in Hawaii, 86% of them residential homes, the GSEs are offering guidance for homeowners impacted in the region.
Read More »Change Management
Ann Thorn, Wells Fargo’s Head of Home Lending Servicing, discusses takeaways from her first two years on the job and how her team is working to implement the bank’s vision for a much-reduced servicing portfolio.
Read More »Does Recent Data Signal a Bottom in the Housing Market?
According to First American Financial Corporation, housing affordability fell relative to one month ago as two of three key drivers of the Real House Price Index (RHPI), nominal house prices and mortgage rates reduced house-buying power by 0.7%.
Read More »The Week Ahead: Digging Deeper Into Processing and the Prequal Process
An upcoming webinar presented by the Five Star Institute’s FORCE group will provide tools and tips to take your REO business to the next level and excel in today’s competitive marketplace.
Read More »Building Codes Could Help Reduce Physical and Financial Risk
Can modern building codes protect homeowners and insurance companies from physical and financial risk after a disaster? Click through to learn more.
Read More »Don’t Take the First Offer: Homebuyers Still Benefit From Shopping Around
Just because mortgage rates are relatively high doesn’t mean pennies can’t be saved. A new study reveals borrowers in the nation’s 50 largest metros could save an average of $84,301 over the lifetime of their loans by shopping around for a mortgage.
Read More »Wildfires, Property Values, and San Diego
How wildfire risks impact property values in San Diego County.
Read More »Trading Rent for a Mortgage Not a Better Deal for Everyone
Those who move from renting to the homeowning game are not necessarily getting the full return out of their mortgages. A new report from Point2 found that homebuyers who trade their rent for a mortgage of the exact same amount (complete with fees and taxes) do not necessarily get more bang for their buck.
Read More »Maximizing Opportunities in the REO Space
Members of the Board of the NRBA (National REO Brokers Association) were featured in a recent webinar discussing the next boom in REO business, and how to adjust your systems to deal with a growth in volume.
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