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Latest posts by Higher Source Sites (see all)

Dec. 31: Rates, the Fed, world economies, affordability, and the shutdown – all tied together - December 31, 2018
Dec. 29: FEMA reverses flood ruling; cybersecurity notes; observations on general housing trends - December 29, 2018
Dec. 28: Doc automation product; FHA & VA changes around our biz; Agency deals continue to share risk - December 28, 2018

Zillow Porchlight
Inman
HomeOwners & Investors

8 Tips for Achieving Maximum Coziness

Gray skies don't have to mean a drab indoor life. [...]

A 3-Step Downsizing Plan

When it's time to move to a smaller home, these tips will help you save the memories while minimizing clutter in your new place. [...]

How to Carve the Best Pumpkin on the Block

To ensure your jack-o'-lantern is primed for Halloween, follow these tips. [...]

Regain Your Garage: Simple Tricks for Getting Organized

A thoughtful approach to garage storage makes the most of this valuable space and keeps every necessity at your fingertips. [...]

How to Plan an Outdoor Movie Night

See the stars in your own backyard ... on your DIY big screen, that is. [...]

NAR: Housing market is ‘topping out’ due to inventory shortage

Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up. [...]

Berkshire Hathaway Miami outpost to relaunch luxury magazine

Through a partnership with Havas House, Miami-based Berkshire Hathaway HomeServices EWM Realty is expanding and revamping its long-running "Lifestyles of South Florida" magazine. [...]

Fathom Realty sees jump in revenue, agent count and transactions in Q1

The company, which went public last year, pulled in $49.6 million between January and March — a 72 percent increase year over year. [...]

Genworth postpones IPO of its mortgage insurance business

Citing volatile trading in shares of mortgage insurers, Genworth Financial has postponed plans to sell off part of its mortgage insurance subsidiary in an initial public offering. [...]

Inflation concerns not reflected in latest mortgage rate survey

A weekly mortgage rate survey from Freddie Mac shows rates continuing to slide, but the snapshot of average rates over a seven-day period doesn't fully reflect new data that's pushed rates up this week on renewed worries about inflation. [...]

!~~Contingencies Mega Thread~~!

Hello! In response to the plethora of "omg should I remove such-and-such contingency or contingencies?! What does it all mean!!!!!!?" threads, I thought we could consolidate. Realtors, real estate lawyers, and experienced homebuyers/sellers, this is your time to shine. Please mention the state(s) you operate in early/prominently in your post so folks will have an idea if what you are saying is relevant to them (f. ex, I imagine some Texans will mention "options," which generally aren't relevant to folks outside of Texas in real estate contexts, so it would be useful to mention that you're a Texan when doing… [...]

State of the market megathread

Please post your rants, general queries like "what will the market do", or other miscellaneous content in this thread. Individual threads will be merged in here. submitted by /u/wamazing [link] [comments] [...]

It's official. I hate everything in my price range.

A month ago there were still a few houses in my price range (under $650k final offer) that, while not perfect, did check enough boxes to make up for the flaws. I came to terms with not being able to afford my dream house and having a longer commute to my job, and was willing to settle for "just slightly better than my condo," even though even the smallest single family homes would increase my monthly mortgage payment two-fold. Unfortunately, despite offering 10% over-asking, 20% down on a conventional loan with an underwritten pre-approval, waiving contingencies and offering a flexible… [...]

I hope these Opendoor assholes go bankrupt.

Seriously. I know links aren't allowed generally, but hopefully this is an exception. https://www.redfin.com/CA/Canoga-Park/6841-Hanna-Ave-91303/home/3094115 This may not make sense to people not from SoCal, but to have the balls to ask $936k for a house in Canoga Park? I mean, seriously, this is not even "good" Canoga Park. They apparently bought it in for $859,500 in March (way over the top of March market for that area generally) and put it back up for sale 20 days later (with scratched laminate flooring, no less) for $936,000 20 days later. Two price cuts later and we're at $920,000. At least fix… [...]

Found out why a house closed for over 40k less than we offered on it.

House was listed at 699k with recent comps being between 650-700. This house was renovated very nicely but was on the smaller side and more $ per sqft. We offered 756, with 20% down conventional loan, agreed to cover appraisal gap and agreed to not ask seller for any repairs. Winning buyers offered $777 but did not waive appraisal contingency. Appraisal came back at 634k. Sellers decided to cut their losses and meet at the middle at 712k. Taking the risk of accepting an offer for 21k more than ours ended up costing them 44k. I can’t help but feel… [...]

MarketWatch.com - Top Stories
MarketWatch.com - Financial Services Industry News

The Moneyist: My friend of 30 years owes me $20K after living in my apartment rent-free. She texted to say she misses our friendship. What should I do?

‘Her texts mentioned nothing about paying me back. I have already made peace with the lost money, and lost friendship.’ [...]

Earnings Results: Aurora Cannabis stock plunges amid more large losses, stock-sale plans and cost cuts

Aurora Cannabis Inc. reported another large quarterly loss Thursday, and announced more cost-cutting, share-sale plans and executive changes as shares plunged in late trading. [...]

: Delaying second Pfizer COVID shot boosts immune response in over-80s, study finds

Extending the gap between doses of the Pfizer–BioNTech COVID-19 vaccine from three to 12 weeks significantly boosts the antibody response in elderly people, according to a new U.K. study. [...]

: Jobless Americans in at least 16 states are about to get a rude awakening

Many workers in states that are cutting benefits 'will be desperate to keep body and soul together,' said Stephen Wandner, a senior fellow at the National Academy of Social Insurance [...]

NewsWatch: Rather than ‘Will cryptos drop to zero?’, investors should be asking this question instead, says strategist

With cryptocurrencies, investors may be missing a bigger point about disruption and investing right now, says Nordea's Sebastien Galy. [...]

The Moneyist: My friend of 30 years owes me $20K after living in my apartment rent-free. She texted to say she misses our friendship. What should I do?

‘Her texts mentioned nothing about paying me back. I have already made peace with the lost money, and lost friendship.’ [...]

The Moneyist: My friends raised $15,000 on GoFundMe while I was comatose after an accident. But I inherited $1 million, and my insurance covered the costs

‘I am afraid to even look at the total, and have not gone to the site. To make it worse, before this, I was lower middle class, and so are many of the friends who gave money.’ [...]

The Moneyist: Is it ethical for cruise lines, schools or Broadway to restrict entry to people not vaccinated against COVID-19?

Are vaccine holdouts ‘pathologically narcissistic’ or exercising their civil rights? And do private businesses have the right to refuse them? The Moneyist weighs in. [...]

The Moneyist: My ex-husband has a life-insurance policy on me — and jokes he’ll be ‘Suspect No. 1’ if I die. Other than haunting him, what can I do?

‘The thought of him benefiting from my death infuriates me, especially because of how badly I was treated by him.’ [...]

The Moneyist: I bought my parents’ house at below-market rate — my sister wants me to give her $50K to build my mother an annex. Is that fair?

‘My sister has a bunch of lumber sitting on her lawn, and no money to pay the contractor.’ [...]

FDIC Financial Institution Letters
FDIC Press Releases

FDIC’s Office of the Ombudsman Publishes Report on 2019 & 2020 Activities

Press Release May 5, 2021 FDIC's Office of the Ombudsman Publishes Report on2019 & 2020 Activities WASHINGTON - The Federal Deposit Insurance Corporation's (FDIC) Office of the Ombudsman today published a report detailing its activities, as well as assistance provided on behalf of the banking industry, for calendar years 2019 and 2020. The FDIC Office of the Ombudsman is an independent, neutral, and confidential liaison between the agency and its stakeholders, providing information and assistance to anyone affected by the FDIC in its regulatory, resolution, receivership, or asset disposition activities. “I am pleased to release our latest report, delineating… [...]

Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Alabama Affected by Severe Storms, Straight-line Winds, and Tornadoes

Financial Institution Letter April 30, 2021 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Alabama Affected by Severe Storms, Straight-line Winds, and Tornadoes Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Alabama affected by severe storms, straight-line winds, and tornadoes. A copy of the Guidance can be found on the FDIC's website. Statement of Applicability: This Financial Institution Letter (FIL) applies to all FDIC-supervised financial institutions Distribution: FDIC-Supervised Institutions in Alabama Read the FIL . The FDIC does… [...]

Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Kentucky Affected by Severe Storms, Flooding, Landslides, and Mudslides

Financial Institution Letter April 30, 2021 REGULATORY RELIEF: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Kentucky Affected by Severe Storms, Flooding, Landslides, and Mudslides Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Kentucky affected by severe storms, flooding, landslides, and mudslides. A copy of the Guidance can be found on the FDIC's website. Statement of Applicability: This Financial Institution Letter (FIL) applies to all FDIC-supervised financial institutions Distribution: FDIC-Supervised Institutions in Kentucky Read the FIL . The FDIC… [...]

FDiTech Launches “Office Hours” to Connect with Stakeholders on Banking-Related Technological Innovation

Financial Institution Letter April 29, 2021 FDiTech Launches “Office Hours” to Connect with Stakeholders onBanking-Related Technological Innovation Summary: FDiTech – the FDIC’s Office of Innovation – is launching a new initiative to connect with stakeholders on a wide range of technology-related topics. FDiTech’s Office Hours offer an opportunity for bankers, fintechs, and other interested parties to have one-on-one conversations with FDIC staff about current and evolving technological innovations related to the business of banking. The first round of Office Hours will focus on artificial intelligence and machine learning. Statement of Applicability: This Financial Institution Letter (FIL) applies to all… [...]

Proposed Rule for Income Tax Allocation Agreements

Financial Institution Letter April 22, 2021 Proposed Rule for Income Tax Allocation Agreements Summary: The federal bank regulatory agencies invite comment on a proposed rule that updates and codifies existing guidance on income tax allocation agreements involving depository institutions and their affiliates. Under the proposed rule, banks that file tax returns as part of a consolidated tax filing group will be required to enter into tax allocation agreements with their holding companies and other members of their consolidated group. The proposed rule also describes the provisions required to be included in those agreements and specifies regulatory reporting treatment. Statement… [...]

FDIC Publishes 2021 Risk Review

Press Release May 11, 2021 FDIC Publishes 2021 Risk Review Report highlights emerging risks in banking system WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published its 2021 Risk Review, a comprehensive summary of emerging risks in the U.S. banking system. The FDIC began reporting key banking sector risks in its Risk Review publication in 2019, and this year’s report expands coverage of key risks during a time of heightened uncertainty. “The U.S. economy and banking system showed remarkable resilience last year following the deepest recession in modern history,” said FDIC Chairman Jelena McWilliams. “Our analysis examines how… [...]

FDiTech Announces New Deputy Director of Office of Innovation

Press Release May 10, 2021 FDiTech Announces New Deputy Director of Office of Innovation WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the appointment of Zunera Mazhar as Deputy Director of the agency’s Office of Innovation. Ms. Mazhar will guide the agency’s work to promote the adoption of innovative technologies within the FDIC and across the financial services sector. “I am extremely excited that Zunera will be joining our team,“ said FDIC Chief Innovation Officer Sultan Meghji. “She is a proven leader and offers a wealth of management, communications, technology and transformation experience to help build the banking… [...]

FDIC Announces Settlement with Umpqua Bank, Roseburg, Oregon for Unfair and Deceptive Practices in Violation of Section 5 of the Federal Trade Commission Act

Press Release May 10, 2021 FDIC Announces Settlement with Umpqua Bank, Roseburg, Oregon for Unfair and Deceptive Practices in Violation of Section 5 of theFederal Trade Commission Act WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today announced a settlement with Umpqua Bank, Roseburg, Oregon, for engaging in unfair and deceptive practices, in violation of Section 5 of the Federal Trade Commission Act (Section 5). Umpqua Bank stipulated to the issuance of an Order to Pay Civil Money Penalty (CMP) in the amount of $1.8 million. The FDIC determined that Umpqua Bank engaged in Section 5 violations related to… [...]

FDIC Announces Meeting of Advisory Committee on Economic Inclusion

Press Release May 6, 2021 FDIC Announces Meeting of Advisory Committee on Economic Inclusion The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet virtually on Thursday, May 13, with two panels of experts to discuss the topics of Expanding Inclusion through Technology and Innovation and Expanding Account Access via the FDIC Public Awareness Campaign #GetBanked, which was launched on April 5, 2021. The panel on Technology and Innovation will feature the new FDIC Chief Innovation Officer Sultan Meghji. The committee will also report on key challenges and opportunities for inclusion in their communities. The meeting… [...]

FDIC’s Office of the Ombudsman Publishes Report on 2019 & 2020 Activities

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