Housing Wire

MAY 16, 2024

With the latest industry turmoil around compensation, steering and more due to lawsuits and the investigation by the Department of Justice , those outside the housing industry would assume the benefit to listing a home on the MLS would be negligible. They would be wrong. The MLS is crucial for home sellers , even in a strong seller’s market, as it provides significant financial benefits and access to more potential buyers, according to a recent study by Bright MLS called “On-MLS Stud

Sellers 378

Sellers Real Estate Buyers Marketing 378

Appraisal Buzz

MAY 16, 2024

The average rate for a 30-year fixed-rate mortgage fell to 7.02% this week, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). A year ago at this time, the average rate for a 30-year was 6.39%. “Mortgage rates decreased for the second consecutive week,” says Sam Khater, chief economist for Freddie Mac, in a release. “Given the news that inflation eased slightly, the 10-year Treasury yield dipped, leading to lower mortgage rates.

Mortgage 195

Mortgage Appraisal Marketing 195

Housing Wire

MAY 16, 2024

Corcoran Baer & McIntosh , a franchisee of Corcoran Group based in New York City , acquired New Jersey -based Woodward Realty Group , the companies announced on Wednesday. Through this merger , Corcoran Baer & McIntosh will welcome Woodward Realty Group’s 26 agents, bringing the brokerage ’s agent count to more than 130. Woodward Realty Group serves clients across 53 unique municipalities of Monmouth County, New Jersey — including Rumson, Middletown, Fair Haven, Freehold, Little Silver,

Brokerage 290

Brokerage Realty Agents Clients 290

Appraisal Buzz

MAY 16, 2024

Snapdocs eVault is now integrated with SitusAMC ’s ProMerit platform, allowing warehouse lenders to manage e-note transactions seamlessly and securely from within their warehouse lending system of record. “Today, e-note adoption by mortgage originators is just under 10 percent, and projections indicate it will reach nearly 30 percent of all new loan originations within a few years,” says Camelia Martin, vice president of e-mortgage strategy at Snapdocs, in a release.

Lending 195

Lending Mortgage Appraisal 195

Housing Wire

MAY 16, 2024

Just weeks after announcing it reached a nationwide settlement agreement in the commission lawsuits , HomeServices of America is undergoing some major changes to its leadership team. Last week, Christy Budnick announced that she will be stepping down as CEO of HSF Affiliates , the franchisor of Berkshire Hathaway HomeServices , effective June 3. In a message to network leaders that was obtained by HousingWire , Budnick stated, “The last three years have been the best of my professional car

Realty 290

Realty Sellers Buyers Real Estate 290

Appraisal Buzz

MAY 16, 2024

Forty-four percent of recent home buyers have had to take on additional debt to maintain their lifestyle, and 43% have struggled to make mortgage payments on time, according to Clever Real Estate’s American Home Buyer Report. Further, 47% of recent home buyers say they feel in over their head financially since purchasing their home. About 85% of buyers compromised on their priorities when purchasing a home, according to the report.

Mortgage 195

Mortgage Buyers Finance Appraisal 195

Appraisal Buzz

MAY 16, 2024

Pacific Investment Management Company LLC (PIMCO) is the winning bidder on three pools of reperforming mortgage loans recently auctioned by Fannie Mae. Reperforming loans are loans that have been or are currently delinquent but have reperformed for a period of time. The deal, announced on April 16, included the sale of 6,484 loans totaling $1.47 billion in unpaid principal balance (UPB).

Investing 195

Investing Appraisal Mortgage 195

Housing Wire

MAY 16, 2024

Proptech firm RealReports unveiled a new feature for its AI-powered assistant, Aiden, the company announced on Thursday. The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. Multimodal AI technology allows advanced artificial intelligence systems to process and integrate various types of data inputs — including text, images and audio.

Real Estate Agent 272

Real Estate Agent Real Estate Brokerage Sellers 272

Real Estate News

MAY 16, 2024

Will Homes.com sell buyer agent leads? “Never,” says Andy Florance, who believes all the portals will eventually move to “your listing, your lead.

Agents 233

Agents Buyers 233

Housing Wire

MAY 16, 2024

A study commissioned by the U.S. Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. The study, commissioned by the HUD PD&R and compiled by analytics firm SP Group LLC and its subcontractor Econometrica Inc. , assessed three separate elements of the HECM program’s effectiveness from 2000 to 2020 — including borrower impacts, financ

Development 262

Development Appraisal Property Appraisal Insurance 262

Real Estate News

MAY 16, 2024

Watch the conversation with NorthstarMLS’s Tim Dain as he discusses how technology can work better for agents, and the not-so-simple outcomes of the NAR deal.

Technology 164

Technology Agents 164

Housing Wire

MAY 16, 2024

Digital closing provider Snapdocs is partnering with real estate technology provider SitusAMC to integrate the Snapdocs eVault to SitusAMC’s ProMerit platform, a warehouse lending technology tool, the companies announced on Thursday. This collaboration allows warehouse lenders to seamlessly and securely manage eNote transactions within their warehouse lending system of record.

Lending 262

Lending Technology Tools Real Estate 262

Real Estate News

MAY 16, 2024

Christy Budnick is out after three years as HSF Affiliates CEO; Gino Blefari to take on dual CEO roles. Plus, a new VP of operations at United.

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Housing Wire

MAY 16, 2024

Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. One of the first articles HousingWire Lead Analyst Logan Mohtashami wrote this year was titled, “The savagely unhealthy housing market is over.” That was back in February. Then, just three months later, he posed the question, “Is the savagely unhealthy housing market back?

Housing Market 253

Housing Market Real Estate Marketing 253

Real Estate News

MAY 16, 2024

Squint and you can see a bright side as housing starts bounce back and mortgage rates drop a bit (but stubbornly stay above 7%).

Buyers 149

Buyers Mortgage 149

Housing Wire

MAY 16, 2024

United Wholesale Mortgage (UWM) has launched a new service to handle all the title work for its brokers on refinancings. As a result, brokers no longer need to deal with a title company or settlement agent to close a refi. The top U.S. mortgage lender announced the service on Thursday during an annual meeting with its broker partners in Pontiac, Michigan.

Insurance 238

Insurance Agents Real Estate Agent Mortgage 238

Inman

MAY 16, 2024

The rollout of the latest iteration of ChatGPT, calling itself Alex 4o, allows you and your business to do more than you ever thought possible. Author and trainer Bernice Ross shares the latest enhancements.

Business 134

Business Agents Brokerage Marketing 134

Housing Wire

MAY 16, 2024

Editor in Chief Sarah Wheeler sat down with Sridhar Sharma, executive vice president and chief information officer at Mr. Cooper , to talk about how the company is using machine learning and artificial intelligence to increase productivity while making their customers happier. Sarah Wheeler: You came into the mortgage space about nine years ago after leading teams at NTT Data and Infosys.

Training 259

Training Technology Agents Investing 259

Inman

MAY 16, 2024

Unique, engaging and highly specific content can make you a trusted resource for buyers and sellers locally and regionally, Chicago broker David Marden writes.

Clients 134

Clients Brokerage Sellers Buyers 134

Empire Appraisal Group

MAY 16, 2024

Should You Renovate Before Selling? Before launching renovation projects to sell a home, consider the cost benefits. Look at your home as if you were buying it and decide if it’s turnkey. NEW YORK – When selling your house, one of the most common things to worry about is whether you should renovate the home before listing it. Sadly, the answer isn’t as straightforward as you might think — several variables can influence your decision, and it’s essential to do your research.

Renovations 78

Renovations Buyers Decorating Investing 78

Inman

MAY 16, 2024

For real estate agents, highlighting diverse financing options is one of the easiest ways to attract more traffic to their listings. Clever's Luke Babich shares a few programs and options to know about.

Finance 108

Finance Real Estate Agent Buyers Marketing 108

JMV Lending

MAY 16, 2024

Whenever an appraisal comes in under contract price, we work quickly to consider all options with both agents and buyers, and we can usually resolve appraisal issues within a day if everyone is responsive. The post Low Appraisals – 6 Options When Appraisals Come In Low appeared first on JVM Lending.

Appraisal 78

Appraisal Contracts Lending Agents 78

Inman

MAY 16, 2024

Find out how this top luxury team leader and his marketing-forward Spears Group have transformed their corner of the Florida market.

Marketing 125

Marketing 125

Mortgagebroker News

MAY 16, 2024

Partnership aims to enhance building material supply chain amidst housing slowdown

Supply Chain 47

Supply Chain Development Real Estate Investing 47

Housing Wire

MAY 16, 2024

Mortgage Bankers Association (MBA) president and CEO Bob Broeksmit proposed creating a national director to oversee housing policies and address the “regulatory knots” that “sap the country’s economic strength.” This czar, called the “National Housing Policy Director,” would be directly located in the White House , accountable to the President, and able to spot – and stop – contradictory rules regarding housing issues. “This position would bring o

Law 386

Law Mortgage Finance Insurance 386

Mortgagebroker News

MAY 16, 2024

Industry veteran joins Calgary office as principal and director

Valuation 46

Valuation 46

Housing Wire

MAY 16, 2024

The U.S. Supreme Court on Thursday rejected a broad challenge to the funding mechanism of the Consumer Financial Protection Bureau (CFPB), which was brought by payday lending groups led by the Community Financial Services Association of America (CFSA). The CFSA and other groups challenged the constitutionality of the CFPB’s funding structure in a case that threatened to undermine actions the bureau had taken since its founding in 2011.

Law 300

Law Lending Design Real Estate 300

Mortgagebroker News

MAY 16, 2024

Affordability concerns are continuing for many buyers and borrowers

Clients 43

Clients Housing Market Marketing Buyers 43

Housing Wire

MAY 16, 2024

As of April 2024, “Fifty-seven percent of all respondents in a recent Zillow survey reported experiencing housing discrimination of some kind. However, fewer than half of respondents said fair housing is important to them or their families — highlighting how much work is needed to educate people about these laws.” Yet, April 2024 marked exactly fifty-six years since federal fair housing became the law of the land.

Law 380

Law Housing Market Real Estate Investors 380

Mortgagebroker News

MAY 16, 2024

Lender expands services to independent brokers

Marketing 45

Marketing Mortgage 45

Housing Wire

MAY 16, 2024

As homebuyers continue to grapple with a lack of existing homes for sale, the market for new homes continues to see strong demand, and some areas of the country — including Sun Belt states — are producing new homes at a relatively rapid rate. A study released Thursday by fintech and personal finance website SmartAsset delved into Zillow data on new home sales.

Construction 238

Construction Law Finance Realtors 238

Mortgagebroker News

MAY 16, 2024

New study sheds light on regional trends

Mortgage 46

Mortgage 46

Housing Wire

MAY 16, 2024

The White House and the U.S. Department of Housing and Urban Development (HUD) announced on Thursday the awarding of $40 million to expand housing counseling services to a greater number of vulnerable communities. The services will be available for current homeowners, prospective homebuyers and renters alike. The announcement was made by HUD acting secretary Adrianne Todman and Vice President Kamala Harris in Milwaukee during the vice president’s “nationwide economic opportunity tour,” announced

Design 257

Design Development Mortgage Real Estate 257

GoForrmz

MAY 16, 2024

Embrace digital solutions for enhanced construction project performance In the dynamic world of construction, success hinges on meticulous planning, diligent execution, and effective data management. The advent of digital technology has revolutionized the industry, offering innovative solutions to streamline processes and enhance project outcomes. One critical aspect where digitalization shines is in data management.

Construction 78

Construction Tools Inspection Architecture 78