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Supply and Demand

Will Supply Catch Up With Demand in Northern Virginia?

March 12, 2013  |  by Jess

This is a reprint of a post by Kathy Orton of the Washington Post as a follow-up to their recent online chat, “Navigating the Housing Market.” Click here to view the original post on the Washington Post’s Where We Live blog. We received so many questions for our online chat on Tuesday that we couldn’t get to them all. We... Continue Reading

Home Ownership Demand

Home Ownership Demand: Who’s Buying?

March 6, 2013  |  by Jess

In a recent USA Today article, author Julie Schmidt reports that immigrants will generate almost 36% of the increased demand for homes in the U.S within the current decade. That’s down from 39% in the past decade, according to new research from the University of Southern California. The decrease is in part due to the increase of native-born buyers share... Continue Reading

US Capitol Building

REALTORS, Mortgage Industry Await Impact of Sequester

March 5, 2013  |  by Jess

This article was written by Kerri Ann Panchuk for HousingWire.com. Click here to read the original article. The real estate industry is not immune from President Barack Obama’s official enactment of a sequester deal that launches $85 billion in automatic spending cuts across the board. Prior to the sequester, the Department of Housing and Urban Development described how the cuts could curtail funding for... Continue Reading

MortgageServicing

Announcing Fannie Mae’s HomePath Short Sale Portal

March 4, 2013  |  by Jess

As announced last week, Fannie Mae has replaced the Short Sale Assistance Desk (SSAD) with their enhanced short sale escalation portal, HomePath. HomePath expedites the short sale process, provides short sale results faster with help from Fannie Mae, allows you to escalate issues for resolution, and helps homeowners avoid foreclosure. You can also access this portal directly by visiting HomePathForShortSales.com... Continue Reading

Short Sales

Important News: Fannie Mae Short Sale Assistance Desk Changes

February 25, 2013  |  by Jess

Fannie Mae is making changes to the Short Sale Assistance Desk (SSAD). In March, SSAD will be replaced with an easier-to-use short sale escalation process available from Fannie Mae on www.HomePath.com under the tab labeled “Short Sale.” You can also access this directly by visiting HomePathForShortSales.com or through the Short Sale Center tab in Matrix. Please Note: If you currently... Continue Reading

Facebook Groups

Utilizing Facebook Groups

February 21, 2013  |  by Jess

When trying to decide what products to buy to improve your business, have you tried searching social media? Sometimes searching Facebook for relevant information can feel like looking for a needle in a haystack, but there’s a new site that helps eliminate the chatter. Curaytor.com is a website that searches conversations in three large, well-moderated industry Facebook groups: Agent Support... Continue Reading

Family Watching Big Game at Home

Super Cocooning: Good for Real Estate?

February 18, 2013  |  by Jess

It’s a new phase of an old trend. In a recent USA Today article, author Mike Snider references the term “super-cocooning,” meaning consumers are staying home more thanks to technology. For example, people are using the Internet, cable and satellite TV to watch videos and events instead of going to the movies or to sporting events. In fact, the average... Continue Reading

Short Sales

Short Sales and Bank of America Policy Statement

February 13, 2013  |  by Michelle

Some Real Estate licensees have received correspondence from Bank of America regarding the entering of Short Sales in the MLS and the marketing of properties. Certain policies proposed by Bank of America violate the MRIS Rules and Regulations and, in certain circumstances, may violate the Code of Ethics and state licensing law. A number of MRIS customers reached out to... Continue Reading

MortgageServicing

CFPB’s Qualified Mortgage Rule and the Ability to Repay

January 25, 2013  |  by MRIS_CMO

Here’s a reprint of a very interesting article by Rhonda Porter+. Full article here. Thanks to our friend Jonathan Miller for the article. “Today the CFPB released the “ability-to-repay” and “qualified mortgage” rule which is set to go into effect next year on January 10, 2014. These new laws will require that lenders consider a borrowers ability to repay a mortgage.... Continue Reading

fiscal_cliff_501

Real Estate Provisions in “Fiscal Cliff” Bill

January 15, 2013  |  by MRIS_CMO

Check out this informative update from NAR on what’s clearly one of the hottest topics in the industry. You can access the full article here. Highlights: Four provisions of H.R. 8, the legislation passed to avoid (for now) the so-called “fiscal cliff” apply to residential real estate. The industry breathed a collective sigh of relief when the mortgage interest deduction was left... Continue Reading

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