Expected Air Date: 5/11/19

Opening:

Zillow is changing direction and it could be HUGE. Plus the President has ordered a restructuring of Fannie Mae and Freddie Mac and renewed a huge debate. Do we need them? Can private companies fill the gap? What would mortgage lending look like without them? All that and MUCH more today as we do the news!

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News:

This is going to be huge. Buy 500 per month and provide lending on 3000 of them. https://www.housingwire.com/articles/48908-zillow-going-all-in-on-mortgage-lending

Great idea, but it has to get past the House of Representatives, so it won’t.

https://www.housingwire.com/articles/48980-republicans-move-to-abolish-cfpb?utm_campaign=Newsletter%20-%20HousingWire%20Breaking%20Alerts&utm_source=hs_email&utm_medium=email&utm_content=72440255&_hsenc=p2ANqtz--jekYL1bC-R3R0g_U350k9-yGQOv3mBcMeZgTG9T0TNOl1cVzQyJ__0U5x9D7wt6u2-jJJZLzTRqk2sofo8VGl7qPLO-uHVexKbSNwqkRswIKzg0s&_hsmi=72440255 Republicans move to abolish the Consumer Financial Protection Bureau.

To read the full text of the bill click here: https://www.housingwire.com/ext/resources/files/Editorial/Documents/20190506_Repeal-CFPB-Act-as-Introduced.pdf

Who will win the iBuyer race? https://www.attomdata.com/news/market-trends/the-ever-expanding-ibuyer-footprint/

What do you want to buy? Distressed properties. Here’s where you’re most like to find them: https://www.attomdata.com/news/market-trends/top-markets-with-highest-share-of-distressed-sales-in-q1-2019/

We are restructuring Fannie and Freddie. What’s your take?

https://www.realtor.com/news/real-estate-news/fannie-and-freddies-uncertain-future-explained/

https://www.realtor.com/news/real-estate-news/fannie-and-freddies-uncertain-future-explained/

What is the best DAY to sell your home?

https://www.attomdata.com/news/market-trends/top-10-best-days-of-the-year-to-sell-a-home/

Where are homeowners selling for maximum gain on their purchase price?

https://www.attomdata.com/news/market-trends/figuresfriday/top-markets-with-greatest-seller-gains/

https://www.housingwire.com/articles/48925-hot-or-not-may-whats-trending-in-housing-right-now

Your Questions: Send emails to [email protected]

• Tressa, PIttsburg, PA “I have a flip property on the market. We kinda ran out of money and some ot the finishes in the project just don’t look that great. And people are noticing. We are getting lookers but no offers. The feedback is about the finishes. Altogether it would take about $10,000 to make everything beautiful, but I don’t have it. In the meantime, I’m running out of money to make the hard money loan payments. I’ve dropped the price to 580, which would mean I break even. What would you recommend?”
• Maxie, Port St. Lucie, FL, “I love your Property Grade app. What was the thinking behind it?”
• Anthony, Alexandria, VA, “Just came across your show. Really cool. Do you ever buy properties in other cities? I want rentals, but everything is too expensive here. What should I look for?”

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Motivational Thoughts for the day

• “Do not wait; the time will never be ‘just right.’Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along.” —George Herbert