Wed.Apr 17, 2024

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Nearly half of loans processed in Q1 showed fraud risks: FundingShield

Housing Wire

Nearly half (48%) of a $65 billion portfolio of loans processed during the first quarter of 2024 contained vulnerabilities to wire and title fraud , according to a report released Wednesday by FundingShield. The portfolio of loans examined included residential, commercial investor and business purpose loans. On loans that exhibited problems, the analysis found an average of 2.22 issues, which FundingShield says indicates a lack of appropriate controls by closing agents and lenders to identify an

Insurance 449
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A Vision for the Future

Appraisal Buzz

This week on the Appraisal Buzzcast, host Hal Humphreys interviews Kelly Davids, President of The Appraisal Foundation. Davids discusses her background in the industry and how it led to her new role as president. What is her vision for the future of the industry? How can we all get involved with The Appraisal Foundation? What are some of the initiatives they are launching in the near future?

Appraisal 370
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Financial planner: Reverse mortgages can help retirees with high property taxes

Housing Wire

A retired public school teacher living in the Pacific Northwest told MarketWatch that he is feeling stressed by high property taxes on a fixed income and asks if he would be a good candidate for a financial adviser. One planner solicited for input thinks that a reverse mortgage could be a worthy consideration, among other options, according to a new blog.

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MBA: Mortgage Applications Increased Last Week Despite Rising Rates

Appraisal Buzz

Mortgage application volume increased 3.3% during the week ended April 12, driven mainly by a 5% increase is purchase applications, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Compared with the same week one year ago, applications for purchases were up 6%. Applications for refinances increased 0.5% compared with the previous week and were up 11% compared with the same week one year ago.

Mortgage 361
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April Demo Day: JaroInspect by Ascent Software Group

Housing Wire

JaroInspect JaroInspect is the mobile inspection tool in the Jaro suite of appraisal tools. JaroInspect is revolutionizing the industry as the first platform to enable direct field transmission of the 1004D. It is now introducing LIDAR floor plan technology to expedite the submission process. Product Fast Facts #1 JaroInspect enables direct field transmission of the 1004d, streamlining the submission process and facilitating automatic retrieval of vital report data from previous files. #2 The Ja

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Is Inferential Statistics Relevant?

George Dell

Inferential statistics, at its core, is concerned with making inferences about a population based on a sample drawn from that population. It involves analyzing sample data to draw conclusions about the broader population because the broader population is either too large to analyze, unknown, or hypothetical. While invaluable in many scientific disciplines and research contexts, […] The post Is Inferential Statistics Relevant?

Valuation 195

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Housing Market Decoded: 3 factors that could affect summer home sales

Real Estate News

Get answers to the big questions on everyone's mind: What will happen with inventory and mortgage rates — and will the NAR settlement impact the market?

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First Community Mortgage selects Blue Sage platform to scale business

Housing Wire

Tennessee-based multichannel mortgage lender First Community Mortgage announced on Wednesday that it has selected the Blue Sage Solutions digital lending platform and its LION Consumer POS to help scale its growth efforts across the 48 states it operates in. The move allows the lender to have “modernized its mortgage operational processes, boosted productivity and delivered an enhanced borrower experience for its customers,” the company said in a news release.

Business 418
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Most Home Buyers Want One, Medium-Sized Home Office

Eyes on Housing

According to the latest What Home Buyers Really Want Study*, the vast majority of home buyers are looking for a home with at least one home office (or space dedicated to work/study). More specifically, 66% would prefer to buy a home with exactly one home office, 13% want at least two offices, and 20% want.

Buyers 217
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Home prices kept climbing at a brisk pace in March: First American

Housing Wire

U.S. home prices grew by 0.9% from February to March, according to First American Data & Analytics ’ national house price index released Tuesday. This growth trajectory follows a revised upward figure of 1% price growth from January to February, and prices are now 52% higher than pre-pandemic levels of February 2020. “Persistent inflation has diminished any optimism that the Federal Reserve may start to cut rates in June, meaning mortgage rates seem more and more likely to remain ‘higher for

Sellers 409
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Industry gets some clarity on mortgage commission rules

Inman

Fannie, Freddie and FHA say sellers can continue to pay the buyer's agent's commission. But it remains to be seen if buyers will be allowed to finance their agent's commission into their mortgage.

Mortgage 199
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Subtle shifts in real estate agent dynamics in March: Relitix

Housing Wire

The latest findings from Relitix’s Agent Movement Index (AMI) for March 2024 reveal a nuanced landscape in the real estate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions. Key highlights from this month’s AMI show that the decline in the number of active agents, those with a closing in the past year, has plateaued.

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Bye bye bye: Leave your team — without losing your connections

Inman

Co-founder of The Agency's BZP Group and regular cast member on "Buying Beverly Hills" Joey Ben-Zvi writes that professionalism and respect are essential to leaving the right way.

Brokerage 192
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Capital Fundings partners with Privy

Housing Wire

Capital Fundings , a Florida -based private mortgage lender, has partnered with real estate investment platform Privy , the companies announced on Tuesday. The collaboration will allow Capital Fundings’ borrowers to receive personalized investor insights. “Capital Fundings is thrilled to embark on this exciting journey with Privy,” Alex Bogumil, CEO of Capital Fundings, said in a statement.

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Jordan Cohen is as ‘blue collar’ as they come, but beloved by LA’s elite

Inman

The six-time No. 1 RE/MAX agent worldwide may deal with some of the loftiest stars, but he stays grounded in his work ethic and rarely deviates from a uniform of jeans and tennis shoes.

Agents 193
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Supreme Court denies HomeServices’ petition in commission suit

Housing Wire

The U.S. Supreme Court has denied HomeServices of America’s request to hear its argument that the Eighth Circuit Court of Appeals wrongly rejected arbitration agreements with unnamed class members in the Sitzer/Burnett commission lawsuit , according to a court docket entry on Monday. In a writ of certiorari filed in early February, HomeServices told the Supreme Court that each of its client contracts state that the “signatories can arbitrate any claim or dispute arising out of the contrac

Contracts 406
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10 things to do to stay relevant as a real estate agent in 2024

Inman

No matter what's going on in the industry at large, everyone has the opportunity to get better, faster and stronger at what they do every day, broker Joseph Santini writes. Here are 10 easy things to focus on now.

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April Demo Day: Market Intelligence by CoreLogic

Housing Wire

Market Intelligence Market Intelligence is a robust data visualization tool that combines the power of CoreLogic’s data assets with clear and actionable insights that give you a better understanding of the mortgage industry, allowing you to adapt to industry trends, improve LO recruitment and foster deeper relationships within the industry.

Marketing 405
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What’s the craziest thing you’ve heard about commissions? Pulse

Inman

As commission lawsuits and subsequent settlements have unfolded, they've set the stage for misunderstanding, misinformation and many, many mistakes.

Brokerage 182
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April Demo Day: Boost by Lone Wolf Real Estate Technologies

Housing Wire

Boost Boost by Lone Wolf is the simple way to market your real estate business online. Whether you’re looking to build brand awareness, draw in more engagement for listings, or take your client experience to the next level through digital advertising, Boost is here to help agents and brokers alike. Product Fast Facts #1 Boost simplifies online advertising for real estate professionals with high-performing campaigns across various ad channels, comprehensive performance tracking, and advertising

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Floridians grapple with insurance changes as hurricane season nears

Inman

Seventy percent of Florida homeowners — or the area in which they live — have been impacted by changes to cost or coverage of home insurance in the last year, according to a report issued Wednesday by Redfin.

Insurance 166
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Former Ginnie Mae president reacts to lawmaker’s reverse mortgage securities letter

Housing Wire

Following the submission of a letter by Indiana Sen. Mike Braun (R) to Ginnie Mae President Alanna McCargo about concerns related to the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program, McCargo’s predecessor, Ted Tozer, hopes the senator will dive deeper into the program’s mechanics and what led to the collapse of Reverse Mortgage Funding (RMF).

Mortgage 367
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Ex-HGTV star convicted of fraud sentenced to 4 years in prison

Inman

Charles "Todd" Hill, 58, starred on "Flip It to Win It" in 2013. He has been ordered to pay $9.4 million in restitution for committing real estate fraud.

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April Demo Day: Navigator by Ardley

Housing Wire

Navigator Borrowers can view and compare the loan details of available loan options, combining all loan offers into one seamless experience.

Marketing 399
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Homebuyers rush to lock as mortgage rates hit new 2024 highs

Inman

Rates for conforming loans pushed through 7 percent last week and continue to rise, as latest inflation data dims prospects that Fed will ease in June.

Mortgage 179
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How Quickly Do Prices Respond to Monetary Policy?

Eyes on Housing

As economist Milton Friedman once quipped, monetary policy has a history of operating with “long and variable lags.”[1] What Friedman was expressing is that it takes some time for the true effects of monetary policy, like the changing of the federal funds rate, to permeate completely through the larger economy.

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How accessible is your business for people with disabilities?

Inman

Don't let your office, your team or your website be a barrier to someone with disabilities, Rachael Hite writes. Accessible design benefits everyone.

Business 174
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New Lenox Area Real Estate Update April 2024

Advanced Appraisal

We are located in the Mokena area but some of our prime service areas is the Lincoln-Way areas as a whole, from Frankfort to Manhattan, we are very active in Residential, Land and some Small Commercial to Industrial.

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Homebuyers emboldened in wake of $418M NAR settlement: Intel poll

Inman

Clients think their agents bring a ton of value, and they're willing to pay for it, according to a survey of 3,000 employed U.S. residents conducted by Intel and Dig Insights. But many consumers embrace the idea of negotiating a lower commission — and perhaps exploring new models.

Clients 158
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April Newsletter

DW Slater Company

It’s Spring!! The housing market is slowing but home prices are still appreciating. Real estate is cyclical and the spring market is traditionally when we see things begin to pick up after the slower winter months. We have the numbers in for March and we are seeing an uptick in activity from the prior month, however, the sale activity is down from the same time last year.

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Pulte objects to Sitzer | Burnett settlements: What’s in it for me?

Inman

U.S. homebuilder PulteGroup said it should have been provided with a plan to distribute claims so that it can estimate its recovery amount. But that document doesn't appear to exist.

Brokerage 133
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Seven Reasons Why the Housing Market STILL Hasn’t Recovered From the Pandemic

BiggerPockets

The pandemic swept through the U.S. housing market like a tsunami. Radical price hikes and all-time low inventory accompanied massive migration away from pricey big cities.

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Reliance helps South Dakota’s oldest brokerage embrace the new

Inman

Real estate software and marketing services firm Reliance built a new website for Hegg Realtors, South Dakota’s most tenured brokerage.

Brokerage 136
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I’m Four Months Into a 1031 Exchange—Now It’s All About Finding the Best Deal in the Haystack

BiggerPockets

We are less than a month away from listing our Brooklyn, New York condo, which we bought for $375,000 back in 2004, the same week we got married.

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