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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

3 Keys to Non-Traditional Holiday Decor

Forget the traditional holiday decorating rules and push yourself to find decor that is new, fresh and fits within your current home decor. [...]

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. [...]

NAR: Most behavior at Capitol riot does not violate new ethics policy

According to the trade group, "merely being a participant in something that appears likely to involve criminal activity does not automatically invoke" rule against hate speech. [...]

The Agency adds to its leadership team with high-profile hires

Jim Ramsay comes aboard from Engel & Völkers as the new executive vice president of franchise sales, while Wendy Walker, formerly of Coldwell Banker, will be the managing director of the Scottsdale office. [...]

Elm Street Technologies acquires Flow ROI

As a result of Elm Street Technologies’ second acquisition of 2021, Flow ROI's transaction management software will become part of Elevate, making the office management and marketing solution an end-to-end competitor with the likes of Chime, kvCORE and others. [...]

7 new tech products every agent should know about

Held virtually, the 2021 Consumer Electronics Show revealed the latest in home and business technology, including a home recycling solution, wearable joysticks for hands-free control and even a "smart tub" from Kohler. [...]

New unemployment claims hit highest level since September

The number of total unemployment claims last week reached 1.1 million, an increase of 231,335 from the previous week, according to the U.S. Department of Labor. [...]

Resources for homeowners affected by COVID19.

Here's a list of some high level resources where homeowners can find additional information and possibly help, regarding mortgage forbearance or other questions. If you want to suggest other links that are not blogs or promotional, message me and I'll add them here at the top. List of lenders who may offer relief: https://www.aba.com/about-us/press-room/industry-response-coronavirus https://www.hud.gov/ National relief information and resources https://apps.hud.gov/offices/hsg/sfh/hcc/hcs.cfm if you want to talk to a housing counselor about avoiding foreclosure If you have a Fannie Mae loan: https://www.knowyouroptions.com/covid19assistance If you have a Freddie Mac loan: https://myhome.freddiemac.com/own/getting-help-disaster.html General info on CFPB site: https://www.consumerfinance.gov/about-us/blog/guide-coronavirus-mortgage-relief-options/ https://www.sba.gov/ Small Business Loans 800-827-5722.… [...]

New Coronavirus megathread, place for linking good discussions.

Pretty much daily there is a new post about how CV is impacting the market, and there have been some really great discussions. I thought we could try linking the best of them here, so they are easy to find. Feel free to ad others as anyone sees fit. submitted by /u/wamazing [link] [comments] [...]

Just an update to a previous post about installing central a/c and home value

A few month back i made this post and just wanted to give an update. I just had central air installed for $13k. They put the unit in my walk up attic and put vents to every bedroom and the first floor. They used about a sq ft of space in one of my walk in closets to get the ducts to the first floor. My home is now worth 20k more than 6 months ago :) essentially i got dollar for dollar what i put in and now we have a much larger group of potential buyers who will… [...]

People selling houses with just one picture; why?!

In the UK, there are many properties listed on real estate websites with a single, solitary picture of nothing but the front of the house. Why?! I've sold things on eBay for a few pounds with several pictures. I cannot fathom why something being sold for thousands would only have a single picture? Presumably people who are serious about buying a house will want to visit it in person at some point first, but seeing pictures of the inside would help everyone determine what places are worth the effort. I'm not sure anyone here would be able to provide an… [...]

PMI Only 62 dollars/month on a 5% conventional loan for 415k!!

I know there has been some discussion on if it is smarter to put 5% down and just pay PMI since rates or so low, or put 20% down to knock off PMI, but I just heard back from my lender.. wow! PMI Only 62 dollars a month with 5% down! on 415k loan.. granted our DTI is low and both of our credit scores are 800.. still.. was expecting around 150-200. Rate is from Indianapolis.. Figured I would share. Loan is 2.75% 30 Year fixed submitted by /u/PersonalFinanceAC [link] [comments] [...]

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

Key Words: For some, Biden’s $1.9 trillion COVID-19 rescue plan is a ‘lifeline’ — and wouldn’t come a moment too soon

President-elect Biden said he will call for $1,400 stimulus checks and more vaccine funds in a new coronavirus economic relief package when he takes office this month. [...]

Dispatches from a Pandemic: ‘We’re asking that people be patient’: Booking a COVID-19 vaccine appointment is a shot in the dark for many

The larger pool of eligible people though has made it even more cutthroat to secure a vaccine appointment. [...]

The Moneyist: My wife was diagnosed with a terminal illness. I fear my father-in-law wants to take over her care, our home — and our finances

‘Her father abandoned her as a young child, never returning in any meaningful way or providing support aside from cards and perfunctory holiday pleasantries.’ [...]

The Wall Street Journal: Jaime Harrison of South Carolina tapped by Biden team to lead DNC

Four Biden allies picked as DNC vice chairs: Atlanta Mayor Keisha Lance Bottoms, Michigan Gov. Gretchen Whitmer, Sen. Tammy Duckworth of Illinois and Rep. Filemon Vela of Texas. [...]

The Wall Street Journal: Vice President Mike Pence says the American people deserve a safe presidential inauguration and a smooth transfer of power

Trump's No. 2 met with leaders of agencies in charge of security for the Jan. 20 inauguration of Democrat Joe Biden. [...]

Key Words: For some, Biden’s $1.9 trillion COVID-19 rescue plan is a ‘lifeline’ — and wouldn’t come a moment too soon

President-elect Biden said he will call for $1,400 stimulus checks and more vaccine funds in a new coronavirus economic relief package when he takes office this month. [...]

The Moneyist: My wife was diagnosed with a terminal illness. I fear my father-in-law wants to take over her care, our home — and our finances

‘Her father abandoned her as a young child, never returning in any meaningful way or providing support aside from cards and perfunctory holiday pleasantries.’ [...]

Fannie Mae, Freddie Mac can keep future earnings, per agreement between Treasury and regulators

‘Until the Enterprises can raise private capital, they are at risk of failing in the next housing crisis,’ Federal Housing Finance Agency Director Mark Calabria said, in announcing the agreement. [...]

The Moneyist: I took care of my late mother for 8 years. Am I obliged to tell my sisters she made me co-owner of a substantial bank account?

This daughter writes: ‘My conscience is getting the better of me, and I would like to be transparent about being the joint owner of this savings account.’ [...]

The Moneyist: ‘They get free money’: People will receive more stimulus payments and unemployment insurance. Why is there no accountability?

‘I’ve heard of one case where a young adult purchased a ‘new’ used car with cash. Another one is approaching the $13,000 mark in savings from unemployment.’ [...]

FDIC Financial Institution Letters
FDIC Press Releases

Banker Webinar: Basics of New Paycheck Protection Program (PPP) Loan Programs

Financial Institution Letter January 11, 2021 Banker Webinar: Basics of New Paycheck Protection Program (PPP) Loan Programs Summary: The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the National Credit Union Administration, and the Conference of State Bank Supervisors will host a webinar for bankers on Monday, January 11, 2021 from 2:00 p.m. to 3:00 p.m., ET, to discuss recent changes to the Paycheck Protection Program (PPP). During the webinar, officials from the Small Business Administration (SBA) and the U.S. Department of the Treasury (Treasury) will provide… [...]

Information Regarding the FDIC’s Reservation of Authority for Determining Part 363 Compliance Requirements for Insured Depository Institutions (IDIs)

Financial Institution Letter December 28, 2020 The previous update to FIL-116-2020 has been retracted. The correct FIL is as follows: Information Regarding the FDIC’s Reservation of Authority for Determining Part 363 Compliance Requirements for Insured Depository Institutions (IDIs) Summary On October 20, 2020, the FDIC Board of Directors voted to issue an Interim Final Rule (IFR) to provide temporary relief from the Part 363 Audit and Reporting requirements for IDIs experiencing asset growth as a result of their participation in pandemic-related government stimulus programs or related effects. The IFR reserves to the FDIC the authority to require an IDI to… [...]

Information Regarding the FDIC’s Reservation of Authority for Determining Part 363 Compliance Requirements for Insured Depository Institutions (IDIs)

Financial Institution Letter December 28, 2020 Update: FIL-116-2020 has been corrected. Information Regarding the FDIC’s Reservation of Authority for Determining Part 363 Compliance Requirements for Insured Depository Institutions (IDIs) Summary On October 20, 2020, the FDIC Board of Directors voted to issue an Interim Final Rule (IFR) to temporarily ease cost and regulatory burdens on IDIs experiencing asset growth as a result of their participation in pandemic-related government stimulus programs or related effects. The IFR reserves to the FDIC the authority to require an IDI to comply with one or more Part 363 requirements if the FDIC determines that asset… [...]

Information Regarding the FDIC’s Reservation of Authority for Determining Part 363 Compliance Requirements for Insured Depository Institutions (IDIs)

Financial Institution Letter December 22, 2020 Information Regarding the FDIC’s Reservation of Authority for Determining Part 363 Compliance Requirements for Insured Depository Institutions (IDIs) Summary On October 20, 2020, the FDIC Board of Directors voted to issue an Interim Final Rule (IFR) to provide temporary relief from the Part 363 Audit and Reporting requirements for IDIs experiencing asset growth as a result of their participation in pandemic-related government stimulus programs or related effects. The IFR reserves to the FDIC the authority to require an IDI to comply with one or more Part 363 requirements if the FDIC determines that asset… [...]

Status of Certain Investment Funds and Their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations

Financial Institution Letter December 22, 2020 Status of Certain Investment Funds and Their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations Summary The Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (together “federal banking agencies”) are issuing the attached revised interagency statement, concerning Regulation O and Part 363 of the FDIC’s Regulations, to extend the expiration of certain no-action relief previously provided in an interagency statement accompanying FIL 85-2019, dated December 27, 2019, and to clarify eligibility criteria for such… [...]

FDIC Selects 11 Companies to Compete in Final Phase of Tech Sprint

Press Release January 11, 2021 FDIC Selects 11 Companies to Compete in Final Phase of Tech Sprint WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the selection of 11 companies to compete in the third and final phase of the agency’s Rapid Phased Prototyping Competition, a tech sprint designed to develop an innovative new approach to financial reporting, particularly for community banks. The FDIC selected the following companies to continue to Phase III of this competition: ACTUS Financial Research Foundation, Inc. BearingPoint DSQuorum, LLC (Data Society) Fed Reporter, Inc. Fidelity Information Services, LLC First Data Government Solutions,… [...]

FDIC Announces Personnel Changes

Press Release January 11, 2021 FDIC Announces Personnel Changes WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) has made several personnel changes in its Division of Risk Management Supervision (RMS) and Division of Depositor and Consumer Protection (DCP). Atlanta Regional Director John P. Henrie has been appointed Regional Director, Atlanta Region, directing both RMS and DCP supervision programs for institutions in Florida, Georgia, Alabama, South Carolina, North Carolina, Virginia, and West Virginia. Mr. Henrie has been with the FDIC for more than 33 years and has held a number of leadership positions within RMS, where he most recently… [...]

FDIC Announces Personnel Change in Its Division of Complex Institution Supervision and Resolution

Press Release January 5, 2021 FDIC Announces Personnel Change in Its Division of Complex Institution Supervision and Resolution WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) Board of Directors has appointed John P. Conneely as director of the Division of Complex Institution Supervision and Resolution (CISR). Mr. Conneely has been with the FDIC for more than 30 years and was instrumental in establishing CISR while serving as its Acting Senior Deputy Director. He has held numerous senior leadership roles throughout the FDIC in the Division of Risk Management Supervision, the Division of Insurance and Research, and the Office of Complex… [...]

FDIC Issues List of Banks Examined for CRA Compliance

Press Release January 4, 2021 FDIC Issues List of Banks Examined for CRA Compliance The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in October 2020. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit needs, including those of low- and moderate-income neighborhoods, consistent with safe and sound operations. As part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), Congress mandated… [...]

FDIC Releases New Application Programming Interface and Modernized Version of BankFind

Press Release December 21, 2020 FDIC Releases New Application Programming Interface and Modernized Version of BankFind The Federal Deposit Insurance Corporation (FDIC) today announced the release of two bank data tools—the Application Programming Interface (API) for financial data and a modernized version of BankFind. These tools make it simpler for the public to connect with the FDIC by offering easy-to-use interfaces, interactive maps, a sleek mobile-ready experience and modern data delivery options. The new API provides the public with over 1,100 Call Report data variables that financial institutions report quarterly. The API is available on FDIC.gov (banks.data.fdic.gov/bankfind-suite) and Data.gov, and… [...]

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Head of Enterprise Sales