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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. [...]

Affordable housing crisis deepens for communities of color amid COVID-19

On top of a slew of far-reaching problems, a widespread lack of affordable housing is exacerbated by the COVID-19 pandemic and the resulting layoffs and job losses — and it's devastating communities of color. [...]

Fees, acquisitions and Motto: 3 takeaways from RE/MAX’s earnings

During the company's Friday morning earnings call, the company revealed more granular detail on the company's strategies for 2021. [...]

Airbnb reports $4.6B loss in first earnings report since going public

Despite a stunning public debut in December that clocked the company's valuation at over $100 billion, the short-term rental company's total revenue was down 30 percent from the year previous. [...]

Global population of ultra-wealthy increased 2.4% in pandemic year

The annual Wealth Report, which will be jointly released by Douglas Elliman and Knight Frank in March, also projects prices could increase up to 7 percent in key luxury markets in 2021. [...]

50% of agents will leave: One broker predicts real estate’s future

As an industry, we should stop obsessing over things we can’t or won’t fix and take a look inward at the things that make us special as individual agents and organizations. Here's why. [...]

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.… [...]

!~~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… [...]

Rates already at near 3.4

Crazy fast run up https://www.foxbusiness.com/money/todays-mortgage-rates-february-26-2021 submitted by /u/Johnniebannanas [link] [comments] [...]

Federal judge rules eviction moratorium is unconstitutional

https://www.cnn.com/2021/02/25/politics/judge-evictions-moratorium-unconstitutional/index.html submitted by /u/KspaceFORCE [link] [comments] [...]

If mortgage rates continue to increase should we expect house prices to start falling?

Exactly as title states. I know demand is high but people's monthly payments now have just gone up with interest rates climbing....if this continues could this be the downtrend of house prices? submitted by /u/etheraider [link] [comments] [...]

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

Capitol Report: Democratic-run Washington means worries for defense sector, retreat for Saudi lobby, watchdog says

Foreign lobbyists are dealing with a new Washington, as Democrats nowadays control the White House and both chambers of Congress. One expert on the influence industry, Ben Freeman, speaks with MarketWatch about important trends that he’s spotting. [...]

: Recession takes hold in Europe as pandemic is on the rise in some regions

The continent’s economic woes could worsen with the persistent problems of the bloc’s COVID-19 vaccination campaigns. [...]

The Escape Home: Millennials don’t want their vacation homes to be McMansions

Jamie Mackay, a real estate developer with properties in Wyoming and Montana, was shopping for land in 2018 to expand into Park City, Utah. He thought he would just recreate the formula of his Fireside Resorts, which combine camping, a luxury hotel suite and a private vacation rental cabin into one. [...]

: British Airways owner IAG suffers record €7.4 billion loss

IAG chief executive calls for passenger digital health passes to "reopen skies safely." [...]

: Pfizer vaccine can reduce transmission after 1 dose, new study finds

A single dose of the COVID-19 vaccine made by Pfizer and BioNTech reduces infections and lowers the risk of transmission, according to a new study. [...]

Retirement Weekly: Bitcoin’s role in retirement portfolios

This cryptocurrency is up more than 60% just since the beginning of the year [...]

Retirement Weekly: How to invest in real estate during COVID

Prepare for the investment opportunities to come after the pandemic passes [...]

Retirement Weekly: News and analysis for those planning for or living in retirement

Retirement news and analysis [...]

The Moneyist: ‘She is a financial idiot and partier’: I loaned my sister $4,780 for a lawyer during her divorce. I am still chasing her to repay me

‘She earns $90,000 to $95,000 a year, but this year’s excuse is that she is in arrears for child-support payments.’ [...]

The Moneyist: My sister put our mother in a nursing home, where she died of COVID-19. Should I take legal action against her or the care facility?

My sister put our mother in a nursing home, where she died of COVID-19. Should I take legal action against her or the nursing home? [...]

FDIC Financial Institution Letters
FDIC Press Releases

Bank Secrecy Act/Anti-Money Laundering Examination Manual Update

Financial Institution Letter February 25, 2021 Bank Secrecy Act/Anti-Money Laundering Examination Manual Update Summary: The Federal Financial Institutions Examination Council (FFIEC) is updating sections and related examination procedures in the FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. Statement of Applicability: This Financial Institution Letter (FIL) applies to all FDIC-supervised institutions. Distribution: FDIC-Supervised Institutions Read the FIL . The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. Stay Connected [...]

Technical Assistance Videos on Fair Lending

Financial Institution Letter February 23, 2021 Technical Assistance Videos on Fair Lending Summary: The FDIC has released nine technical assistance videos on fair lending. The information in the videos is intended as a high-level overview to help FDIC-supervised institutions assess and mitigate fair lending risk, and to understand how FDIC examiners evaluate fair lending compliance Statement of Applicability: This Financial Institution Letter applies to all FDIC-Supervised Institutions. Distribution: FDIC-Supervised Institutions Read the FIL . The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive… [...]

FDIC-Insured Institutions Reported Net Income of $59.9 Billion In Fourth Quarter 2020

Press Release February 23, 2021 FDIC-Insured Institutions Reported Net Income of $59.9 Billion inFourth Quarter 2020 Full-Year 2020 Net Income Declined 36.5 Percent to $147.9 Billion Quarterly Net Income Increased 9.1 Percent from a Year Ago Net Interest Margin Remained Unchanged from Third Quarter at a Record Low Level Loan Balances Declined from the Previous Quarter, Led by Lower Commercial and Industrial Lending Activity Asset Quality Metrics Remained Stable from the Previous Quarter and a Year Ago Community Banks Reported a 21.2 Percent Increase in Quarterly Net Income Year-Over-Year _______________________________ “While banking industry income for the full year 2020… [...]

Texas Bankers: Guidance to Help Financial Institutions and Facilitate Recovery in Areas Affected by Severe Winter Storms

Financial Institution Letter February 22, 2021 Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Texas Affected by Severe Winter Storms Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Texas affected by severe winter storms. 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 Texas Read the FIL . The FDIC does not send unsolicited e-mail. If this publication has reached… [...]

2020 Annual Report

Annual Report February 22, 2021 FDIC Publishes 2020 Annual Report The Federal Deposit Insurance Corporation released its 2020 Annual Report. The report opens with a message from FDIC Chairman Jelena McWilliams highlighting the Corporation’s accomplishments in 2020, including: Swift, decisive actions that helped maintain stability in financial markets during the COVID-19 pandemic, including targeted regulatory changes to facilitate lending to consumers and small businesses; Efforts to expand access to banking, particularly among minority and low- and moderate-income communities, and to support Minority Depository Institutions; Progress on the agency’s commitment to fostering a diverse workforce and inclusive work environment; Efforts to… [...]

FDIC Issues CRA Examination Schedules for Second Quarter 2021 and Third Quarter 2021

Press Release February 26, 2021 FDIC Issues CRA Examination Schedules for Second Quarter 2021 and Third Quarter 2021 The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter 2021 and third quarter 2021. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. The Community Reinvestment Act is a 1977 law intended to encourage insured banks and thrifts to help meet the credit needs of the communities in which… [...]

FDIC Makes Public January Enforcement Actions

Press Release February 26, 2021 FDIC Makes Public January Enforcement Actions No Administrative Hearings Scheduled for March 2021 The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in January. There are no administrative hearings scheduled for March 2021. The FDIC issued 11 orders in January 2021. The administrative enforcement actions in those orders consisted of two consent orders, two section 19 orders, two prohibition orders, two orders to pay civil money penalties, one order terminating consent order, and two orders terminating consent orders and orders for restitution.… [...]

Agencies Issue Shared National Credit Review

Joint Agency Release February 25, 2021 Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency Agencies Issue Shared National Credit Review Credit risk for large, syndicated loans has increased over the last year, according to the 2020 Shared National Credit (SNC) Review released by federal bank regulatory agencies today. The elevated risk is largely attributed to the effects of COVID-19. While risk has increased, many agent banks have strengthened their risk management systems since the prior downturn and are better equipped to measure and mitigate risks associated with loans in the current… [...]

FDIC-Insured Institutions Reported Net Income of $59.9 Billion In Fourth Quarter 2020

Press Release February 23, 2021 FDIC-Insured Institutions Reported Net Income of $59.9 Billion inFourth Quarter 2020 Full-Year 2020 Net Income Declined 36.5 Percent to $147.9 Billion Quarterly Net Income Increased 9.1 Percent from a Year Ago Net Interest Margin Remained Unchanged from Third Quarter at a Record Low Level Loan Balances Declined from the Previous Quarter, Led by Lower Commercial and Industrial Lending Activity Asset Quality Metrics Remained Stable from the Previous Quarter and a Year Ago Community Banks Reported a 21.2 Percent Increase in Quarterly Net Income Year-Over-Year _______________________________ “While banking industry income for the full year 2020… [...]

Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Texas Winter Storms

Joint Agency Release February 22, 2021 Board of Governors of the Federal Reserve SystemConference of State Bank SupervisorsFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Texas Winter Storms The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators, collectively the agencies, recognize the serious impact of Texas Winter Storms on the customers and operations of many financial institutions… [...]

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