In recent weeks, markets are increasingly predicting that inflation and real economic growth will pick up rapidly worldwide as the COVID-19 vaccine continues to be rolled out, and that the central banks are being too pessimistic in their views on monetary policy accommodation and may have to reverse course abruptly. […]
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MBA yesterday released its National Delinquency Survey results for the fourth quarter of 2020. The delinquency rate for mortgage loans on one-to-four-unit residential properties at the end of the quarter decreased from a seasonally adjusted rate of 7.65 percent of all loans outstanding in the third quarter to 6.73 percent in the fourth […]
This week’s MBA Chart of the Week chart provides a preview of newly updated pandemic-related household financial insights that MBA’s Research Institute for Housing America (RIHA) will release this coming Monday, February 8, 2021. RIHA analysis of the Understanding America Study (UAS) data, conducted by Gary Engelhardt of Syracuse University […]
Homeowners’ equity in housing was at a record high of $20.4 trillion in the third quarter of 2020. The steady upward trend since 2012 was spurred by accelerating home-price growth and low mortgage rates, which have helped many households build equity in their homes. The third quarter’s year-over-year increase in […]
Lenders tightened mortgage credit in the first half of 2020, as the onset of the COVID-19 pandemic caused the economy to suffer its sharpest single-quarter contraction in history. Mortgage credit availability, as measured by our series of indexes, has recovered slightly in recent months. However, availability is still close to its […]
The American Housing Survey (AHS) is a national longitudinal survey that provides information on the size, quality, composition, and cost of housing. It is sponsored by the U.S. Department of Housing and Urban Development (HUD) and conducted every odd-numbered year by the U.S Census Bureau. Data for 2019 were released […]
The COVID-19 pandemic continued to impact the labor market to close 2020. Today’s release from the U.S. Bureau of Labor Statistics showed that faster layoffs led to a loss of 140,000 jobs in December and kept the headline unemployment rate (U-3) at 6.7 percent. Total employment remains 6.5 percent below […]
One way to gauge potential commercial mortgage-backed securities (CMBS) issuance volume is by looking at the spreads investors are willing to pay for bonds. Based on current new-issue spreads, 2021 could line-up to be a strong year. The spreads investors demand to invest in CMBS are a measure of capital supply. […]
Source: U.S. Bureau of Labor Statistics (BLS) Over the past three months, the pace of job gains has slowed from the rapid recovery seen over the summer. Similarly, the unemployment rate continues to decline, but at a more gradual pace. While the improvement has been positive, neither measure is back […]
MBA released its latest Quarterly Performance Report for the third quarter of 2020 earlier this week. Independent mortgage banks and mortgage subsidiaries of chartered banks reported study-high average pre-tax production profits of 203 basis points ($5,535 on each loan originated) in the third quarter, up from 167 basis points ($4,548 per loan) in the […]
MBA released its National Delinquency Survey results for the third quarter of 2020 last week. The delinquency rate for mortgage loans on one-to-four-unit residential properties at the end of the quarter decreased 57 basis points to a seasonally adjusted rate of 7.65 percent of all loans outstanding. The decrease in the mortgage delinquency rate […]
According to the latest edition of MBA’s Weekly Forbearance and Call Volume Survey, the share of loans in forbearance dropped to 5.67 percent of servicers’ portfolio volume as of November 1, 2020 – well below its peak of 8.55 percent as of June 7, 2020. With this declining forbearance rate, the […]
Commercial and multifamily mortgage origination volumes tend to move nearly in lockstep with property sales activity. With the onset of the COVID-19 pandemic, both tumbled, but with some important caveats. The COVID-19 recession is affecting different commercial property types in very different ways. Retail and lodging properties have felt the […]
Economic growth rebounded 33.1 percent in the third quarter of 2020, with multiple segments of the economy – after a sharp 31.4% plunge in the second quarter – showing strong growth. Expressed as an annual rate, consumer spending on durable goods was up more than 80%, business spending on equipment […]
This week’s MBA Chart of the Week chart provides fresh third quarter 2020 insights on the Research Institute for Housing America’s (RIHA) special report released in September that highlighted household financial distress during the second quarter—the first three months of the pandemic. The study, authored by Gary Engelhardt of Syracuse University and […]
One of the most striking aspects of the pandemic’s impact on commercial real estate markets is the markedly disparate impact it is having on different property types. Looking at rent collections, mortgage originations or loan performance, retail and hotel properties – the property types most immediately and dramatically affected by […]
This week’s MBA Chart of the Week highlights the year-over-year growth in purchase applications broken down by loan size tiers from 2018 to 2020. The onset of the COVID-19 pandemic caused a sharp drop in purchase activity in April and May, but there has been a sharp rebound in borrower […]
According to the latest edition of MBA’s Weekly Forbearance and Call Volume Survey, released this week, the share of loans in forbearance dropped to 6.87 percent of servicers’ portfolio volume as of September 20, 2020. The share was the lowest point since mid-April, and 168 basis points below a peak of 8.55 […]
On September 17, the Research Institute for Housing America (RIHA), MBA’s think tank, released a special report on housing-related financial distress during the second quarter – the first three months of the pandemic in the U.S. Gary Engelhardt of Syracuse University and Mike Eriksen of the University of Cincinnati, used a new […]
When real estate professionals discuss the impacts of the COVID-19 pandemic on commercial real estate, their comments generally come in one of four themes: Countercyclical – that properties, such as industrial, may actually benefit from the changes coming about; Speedbump – that properties, such as multifamily, may be temporarily affected […]
The onset of the COVID-19 pandemic, and subsequent business closures that occurred in the months following, resulted in a rapid rise in commercial Chapter 11 bankruptcies, as some businesses were not able to reopen – or reopen at sufficient capacity to survive. There were 528 bankruptcy filings in February 2020, […]
MBA earlier this week released its latest Quarterly Performance Report for the second quarter of 2020. The second quarter report showed a record-high average for net production profit of 167 bps ($4,548 per loan), as well as record-high average origination volume of $1.02 billion per company. In recognition of the upcoming Labor Day holiday, […]
As the U.S. economy works its way through the current pandemic and recession, housing has been a clear bright spot in an otherwise dire time. This week’s chart highlights the “V” shaped recovery exhibited by various measures of housing health. The boost to the purchase market has come not only […]
MBA released its National Delinquency Survey results for the second quarter of 2020 earlier this week. The key findings revealed that the COVID‐19 pandemic’s effects on some homeowners’ ability to make their mortgage payments could not be more apparent. Mortgage delinquencies spiked 386 basis points from the first quarter to […]
In MBA’s newly released Home Equity Lending Study on lending and servicing of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans (HE Loans), operational metrics such as turn times are tracked to understand efficiencies relative to peers and other credit products. In this week’s chart, we compare the […]
This week’s chart shows the course of the share of loans in forbearance by investor type over the past three months – from the earliest stages of the COVID-19 pandemic to the most recent reporting. According to MBA’s Weekly Forbearance and Call Volume Survey, the share of loans in forbearance grew […]
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey said loans now in forbearance increased just slightly, to 8.55% of servicers’ portfolio volume as of June 7 compared to 8.53% the prior week. MBA now estimates 4.3 million homeowners are in forbearance plans. The movement in the share of loans in […]
WASHINGTON – This week, the U.S. Department of Housing and Urban Development (HUD) marks the beginning of Homeownership Month 2020 – a time of year when HUD, the Federal Housing Administration (FHA) and others recognize the importance of homeownership and its impact upon the lives of American families, local neighborhoods, […]
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed mortgage loans now in forbearance increased to 8.16% of servicers’ portfolio volume in as of May 10, up from 7.91% the previous week. MBA now estimates 4.1 million homeowners are in forbearance plans. The report said mortgages backed by Ginnie Mae […]
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance increased from 7.54% of servicers’ portfolio volume in the prior week to 7.91% as of May 3. MBA now estimates 4 million homeowners are now in forbearance plans. Mortgages backed by Ginnie Mae again saw the largest […]
Source: MBA Forbearance and Call Volume Survey. New survey findings released by MBA this week highlight the unprecedented, widespread mortgage forbearance already requested by borrowers affected by the spread of the coronavirus (COVID-19). According to MBA’s Forbearance and Call Volume Survey, the total number of loans in forbearance grew from 0.25% […]
Our hearts go out to all those impacted by COVID-19—this includes not only those diagnosed with the virus, but also their friends and family, those whose jobs and schools have been impacted and so many more. Our focus is, as always, on the health and safety of our communities.There is […]
In 2019, most of the country experienced a combined decrease in homelessness, however significant increases in unsheltered and chronic homelessness on the West Coast, particularly in California and Oregon, offset those nationwide decreases, causing an overall increase in homelessness of 2.7 percent. HUD’s 2019 Annual Homeless Assessment Report to Congress found that […]
Thank you, Mr. Ed Laine, Hometown Advisor Real Estate, for another great update. It’s a white-hot market!
Great article….good points regarding off-site construction… The Key to Addressing Home Supply Issues
The 2017 cap hit high-price home markets like California and New Jersey A day after impeaching President Donald Trump, the House of Representatives was back in session debating and passing a bill to eliminate the federal cap on property tax deductions. The bill, HR 5377, passed Thursday by a 227 to 196 vote. […]
US REO Partners Board of Directors want to take a moment to thank our members and clients for their support this year. It is in this spirit that we wish you and your family peace, joy, holiday blessings and a prosperous 2020. From our family to yours, US REO Partners
Some organizations now believe the process could be the answer to ramping up affordable housing across the globe. And it could do so quickly—you can print a home in just 24 hours. Icon, a construction tech startup in Austin, and a housing nonprofit called New Story unveiled its first two […]
Los Angeles’ median price was $550,000, up 7.4% from a year earlier- Los Angeles beat San Francisco in November as the hottest real estate market in the nation’s most populous state, according to a report by the California Association of Realtors. The median price of a single-family home in the […]
These ten markets are expected to outperform between now and 2025 On the whole, the nation’s housing prices continued to rise throughout this year and are expected to continue to do so into the foreseeable future. But, according to the National Association of Realtors, there are a handful of markets that are expected to rise […]
FHA Commissioner Shares Achievements and Priorities With Housing Subcommittee Testifying today before the Housing, Community Development and Insurance Subcommittee in the U.S. House of Representatives, Federal Housing Administration Commissioner Brian Montgomery said FHA has made “tremendous strides” in improving the financial performance of its insurance programs, mitigating risks within its […]
Spud Webb slam dunk champion brought his star power to the US REO Partners annual charity dinner and auction benefiting St. Jude Children’s Research Hospital®. More than $70,000 was raised during the event, which was held at Truluck’s Seafood, Steak, and Crab House in Dallas to coincide with the 2019 […]
Thank you, Members and Clients, for making the training session such a success! It was standing room only…
With more than twenty years of real estate and mortgage experience, Shawn has helped numerous clients realize their dreams and secure their futures with a strategy that allows clients to build wealth from their properties.
On Sunday afternoon, September 22, from 1:00-3:00 PM, at the Dallas Marriott, US REO Partners is hosting an education session. Our headline speaker will be Ms. Arleas Upton Kea, COO, and Director of the FDIC, who will be speaking on “Doing Business with the Government.” Along with Ms. Upton Kea, […]
Welcome to the next issue of US REO Partners PRTNR Magazine. In this issue, you will find our newest broker members, some of our members’ achievements and awards, and how our association is evolving with the industry. US REO Partners members have had boots on the ground at industry events […]
Congratulations, Molly Merchant, on your recent promotion to Senior Director of REO Asset Management. LRES Corporation, a national residential and commercial mortgage services company providing valuations, REO asset management, and HOA solutions for the mortgage and real estate industry, announced the promotion of Molly Merchant to Senior Director of REO […]
Which would you rather have: A strong market or a steady market? What if you could have both? Learn what part of the market has more than DOUBLED since last year.
Having been with US REO Partners for the past 10 years, I have had the privilege and honor of being among the best REO real estate agents across the United States. The unbelievable networking has given me the opportunity not only to increase my business, but enabled me to make […]
Get all of the inside knowledge and tips from the experts in the marketplace. Find out what you can do to make your real estate goals happen faster! https://youtu.be/qV5zuyUcfyY
USREOP held a networking luncheon at the Salt Lake City Grand America Hotel prior to the start of the Green River Symposium on March 13. More than 30 members and clients were in attendance for this afternoon of sharing market conditions and client updates. New connections were made, strengthening our […]
It was an exciting week in Orlando, Florida, at the MBA Conference, February 24-28. There were over 1800 lenders, servicers, investors, and attorneys attending the conference at the Orlando Hyatt. Mary Best Brill met three investor clients who have rising inventories and want to meet to discuss US REO Partners […]
Get all of the inside knowledge and tips from the experts in the marketplace. Find out what you can do to make your real estate goals happen faster!
US REO Partners is excited to attend next month’s Mortgage Bankers Association Servicing Conference & Expo in Orlando! We look forward to connecting with you. If you or a colleague are attending, send us a quick email at membership@usreop.com to let us know. Otherwise, visit us anytime in the expo […]
It’s been an interesting year in Real Estate, to say the least. The challenges are many as we try to anticipate the market, and what the clients need to know, especially as it pertains to the “repair, rehab or sell as is" question. This issue contains pieces written by some […]
Source: Bureau of Labor Statistics Our chart this week features unemployment rates by educational attainment, as of the July 2018 Employment Situation report. Over the past 12 months, the unemployment rate for workers with less than a high school diploma decreased from 7.0 percent to 5.1 percent, a substantial drop. […]
Attached is “GA HB 410” is the Georgia bill passed by the state legislature that sought to cap HOA payoff letter fees and provide a time frame for production of payoff letters. In Georgia, many HOAs are managed by management companies as opposed to resident volunteers, and the management companies charge […]
Good Tax News for Business Owners I have some great news today for those of you who are business owners or otherwise self-employed. In the past, you needed to provide two years’ worth of tax returns averaging $100,000 in income to qualify for a mortgage. Those requirements have recently changed. […]
According to a survey from the National Association of Realtors, 36% of first-time home buyers are millennials. To hear more about this group and the trends, watch USREOP member, Shawn Luong, latest video.
MEMBER NEWS: Northwest Market Recap February 2018 – Brought to you by US REO Partners Member Ed Laine
January 19, 2018 [ROSELAND, NEW JERSEY] The January 2018 issue of mortgage default trade publication DS News highlighted the Top 25 Women of Law and Stern, Lavinthal & Frankenberg, LLC is pleased to announce that Managing Member Jeanette F. Frankenberg, Esq. was included in the list of esteemed female industry […]
MEMBER NEWS: Northwest Market Recap January 2018 – Brought to you by US REO Partners Member Ed Laine
This video is only 6 min long, but it is PACKED with details about the CURRENT SHIFT that is happening in the Marketplace. Mr. Laine didn’t want to short change the details on how that should affect your pricing strategies.
CONGRATULATIONS “SUCCESS IS SIMPLE. DO WHAT’S RIGHT, THE RIGHT WAY, AT THE RIGHT TIME.” Arnold H. Glasow – author and businessman Individual Agent by Transaction Sides: #7 – Amanda Bell – At Home Raelty, TN #10 – Sherri Saad – Re/Max Leading Edge, MI #15 – Libby Sosinski – […]
Ed Laine was asked to give a presentation on where the market is and where it is heading. He spoke for about 30 minutes with 50 sales reps. He shared what appreciation is doing, and that the market is shifting. “Sellers with good agents know, but buyers don’t and are still […]
NAHREP Top 250 Latino Agent Report Sets New Record in Total Transaction and Sales Volume San Diego, CA – June 23, 2017 – The National Association of Hispanic Real Estate Professionals® (NAHREP®), in association with Zillow®, released its sixth annual Top 250 agent report recognizing exceptional Latino real estate agents […]
US REO Partners member Melanie Crocker was recognized as a Top listing agent and for her work in the central Florida community. Congratulations to Melanie and Rick Crocker on their achievements.
US REO Partners member Scott Walters was recognized as one of the top 100 agent’s in Buffalo, NY. Scott Walters has been with US REO Partners since 2015. This is exciting news! Congratulations, Scott on your success.
Congratulations to George Green and the Exit Realty Crutcher team for bringing home an unbelievable number of awards as a group. George brought home four 1st place awards, including 1st place in Kentucky by sales volume, gross commission, and closed ends. He also brought home the top award of AGENT OF THE […]
By The Mecklenburg Times: The 50 Most Influential Women event was created to spotlight and recognize the important role women play in the greater Charlotte region, in the economy, and in society. The following individuals were nominated and judged by their peers and have been chosen to receive this award […]
On Sunday, March 26, USREOP members met at the Kaiser Grille to enjoy an exclusive, members only, networking luncheon with the clients and Equator folks. Many thanks to Angela for arranging the event and Ms. Caroline Gim for being our photographer. Attending our luncheon were LRES, I-Serve, Guild Mortgage, RMS, 24 Asset, […]
Congratulations, Scott and Michelle Newman on your award for both sales volume and units on behalf of the team in Chicago.
US REO Partners hosted a breakfast at Ditech on February 28, 2017. At the October 2016 MBA Annual Conference in Boston, Ditech Home Loans, Fort Washington office, was the winner of the breakfast give-away sponsored by US REO Partners. Christopher Nobile, Sales Director of Correspondent Lending says, “It’s great to […]
Congratulations to John Mason for being awarded the Double Diamond at the North Pulaski Board of Realtors banquet February 25, 2017. John has received awards for 26 consecutive years and was admitted to the Realtor Hall of Distinction.
By Danielle Drummond Apr 25th, 2016 Buying a Home With Another Person So you’ve made the decision, and you’re thinking about buying a home with someone else… Before you sign that contract, here are some things you should know before getting started. 1. Getting Started and Prequalified Before you go to […]
By: Sorohan, Mike msorohan@mba.org December 09, 2016 CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages (63 percent of all homeowners) saw their equity increase by $227 billion in the third quarter from the previous quarter, an increase of 3.1 percent.Year over year, home equity grew by $726 billion, an increase […]
San Antonio-area home sales declined slightly in July, breaking a growth streak that lasted more than two years, while prices continued to rise. Last month, 2,850 homes were sold in the local area, a 2 percent decrease from the year before, according to data from the San Antonio Board of […]
12425 28th St. N. Suite 301 St. Petersburg, FL 33716 Ph: 727-539-0900 New Legislation in Florida to Halt Abusive Practices by HOA Attorneys For the past several years we have been at the mercy of management companies, associations, and/or the attorneys for the associations to provide us with estoppel letters and […]
Twenty-three US REO Partners members were recognized by Real Trends for top real estate sales in the country based on the number of transactions during 2015. Congratulations to our members that made the list, we are proud of your success and commitment to the industry. Individual Agent by Transaction Sales: […]
Thank you for taking the time to view it, and if you need any help at all in the Seattle MSA, I am here to serve you. Free 2nd Opinion BPO’s, Occ Checks, you name it. Try me out and find out how I became the #1 REO Broker in […]
BOARDWALK PROPERTIES has won the coveted STAR AWARD by combining superior construction product & excellent customer focus! This award has been presented to BOARDWALK PROPERTIES by Pulse of the City News. http://www.pulseofthecitynews.com/company-details/44x21394y243/BOARDWALK-PROPERTIES/LONG-BEACH/CA AWARD WINNER 2016 BOARDWALK PROPERTIES
The Top Rated Real Estate Agent Has Been Selected to be Featured on TV Top Real Estate on Xfinity On Demand Available on Comcast Online PR News – 06-April-2016 – Upper Marlboro, Maryland – Melanie Gamble has been selected as one of the Top Rated Real Estate Agents in Upper […]
USREOP member Toni Smart was recognized at the 2015 San Antonio Business Journal’s Top 50 event, and placed #18 in sales volume. She prides herself in taking care of the client and their properties.
How Strong Is the Southern California Market? “Many people have asked me recently whether Southern California is a good place to invest. To find out, I’ve compared our appreciation rates and return on investment to two other cities. The results are pretty surprising. For one, we’ve not only kept pace […]
USREOP member, Amanda Bell was recognized at the 2015 Awards of Excellence Gala on February 27, 2016 for receiving a Diamond Award from the Greater Nashville Association of Realtors. Awards of Excellence are earned for achieving sales volume, transaction, and Association involvement.
US REO Partners member John Mason was recognized as the “Top Producer” in Central Arkansas for 2015. It is a triple diamond award for most sales volume for any producer in the North Pulaski Board of Realtors. He is also a member of the Arkansas Hall of Distinction for receiving awards […]
Many thanks to our members and clients for making this event a success. We hope to see everyone in September.
Today, I’m happy to give you the State of the Union for home values in the San Gabriel Valley area. From 2014 to 2015, the area saw an increase in the number of units sold. In 2014, 1,990 units were sold. In 2015, 2,158 units sold. The average sales price […]
California in general has slowed since the first of the year for sales and listings. In the 4th quarter of 2015 the average day showed 600-800 new listings with 450-500 pending sales. Now, in January we are seeing an average of 200 new listings and 100 pending sales. The Days on the Market […]
Congratulations are in order for US REO Partners member, Toni Smart, for being a winner at the Platinum Top 50 awards reception. The Platinum Top 50 Awards Program recognizes fifty residential realtors each year based on a combination of sales, education, and community involvement. They acknowledge agents who have, through […]
Published on Dec 4, 2015 Every single year since 1984, homes in California have appreciated by an average of 6%. That’s a tremendous wave of appreciation to be riding. However, right now is still a great time to purchase an investment property to earn some passive income. Watch this video […]
US REO Partners member Frank Denovi was recognized as the number one sales associate for units in North America. Frank Denovi is located in Arlington Heights, IL and has been with US REO Partners since 2011. Congratulations on your success.
US REO Partners member Raphael Cervera was recognized as #61 on the NAHREP top 250. Raphael is located in Miami, FL and has been with US REO Partners since 2015. Congratulations on your achievement!
US REO Partners member Joe Castillo was recognized as #53 on the NAHREP top 250. Joe is located in Chicago, IL and has been with US REO Partners since 2012. Congratulations Joe !
US REO Partners member Marisa Barragan was recognized as #197 on the NAHREP top 250. Marisa is located in Aurora, IL and has been with US REO Partners since 2011. This is exciting news!
By: Melanie Lovati, Innovation Real Estate, MI Hello from Metro Detroit! Our real estate and REO market is one of the most exciting in the country and is being written up in various media as the place to invest. Warren Buffet, Jamie Diamond and Dan Gilbert are the mega players […]