Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes. Describing reverse mortgages as originating in 1961 before coming to greater prominence through the establishment of the HECM program during the Reagan administration, one of two recent NAR articles dea

Mortgage 430

Mortgage Real Estate Agent Inventory Housing Market 430

Appraisal Buzz

MAY 7, 2024

Strong home price growth – propelled by lack of inventory – pushed U.S. mortgage holders’ tappable equity to a record $11 trillion in March, according to ICE Mortgage Technology’s Mortgage Monitor report. Though the inventory situation has improved slightly, a continuing deficit of homes for sale this spring is helping prices remain resilient, ICE says.

Inventory 370

Inventory Lending Mortgage Appraisal 370

Housing Wire

MAY 7, 2024

With a 67% annual increase in agent count to 16,680 agents during the first quarter of 2024 , it is no surprise that The Real Brokerage also recorded an 86% annual increase in revenue to nearly $201 million. The uptick in agent count contributed to a 74% yearly jump in transaction count to 19,032 sides, good for a total sales volume of $7.5 billion and an 88% year-over-year increase.

Agents 423

Agents Brokerage Training Business 423

Real Estate News

MAY 7, 2024

The company remains on a rapid-growth trajectory, but net losses also increased this quarter, largely due to a recent commissions lawsuit settlement.

Brokerage 263

Brokerage Agents 263

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% in Q4 2023, the highest number we’ve seen since 2009. This is a true testament to the care, commitment and passion brokers across the country have for their borrowers. The big question is, what caused this increase? First and foremost, there has been a noticeable shift in consumer behavior.

Retail 410

Retail Marketing Loan Officers Government 410

Appraisal Buzz

MAY 7, 2024

In the current economic climate, borrowers and lenders alike are afflicted by rising inflation, elevated interest rates and changing employment patterns. Just as borrowers need to adapt to unpredictable circumstances, lenders must continue to assess risk prudently and tailor their offerings to meet the evolving needs of borrowers. As of November 2023, 62% of Americans lived paycheck to paycheck.

Transportation 195

Transportation Lending Design Appraisal 195

Appraisal Buzz

MAY 7, 2024

Steven Winokur has joined Carrington Mortgage Services as vice president, marketing, third-party origination. Winokur has established a reputation as a non-QM virtuoso. Previously, he was with non-QM lender Angel Oak Lending, where he served as chief marketing officer. Winokur’s significant expertise in marketing strategy, brand development, marketing communications and digital marketing is expected to quickly build on existing marketplace momentum for Carrington’s diverse non-QM offerings.

Marketing 195

Marketing Mortgage Lending Development 195

Housing Wire

MAY 7, 2024

Flagstar Bank has made changes to its third-party origination (TPO) channel leadership. Industry veteran John Gibson is leaving the company to pursue other opportunities, and he will be replaced by Rich Hoffman as senior vice president and head of TPO lending. Hoffman has spent more than 30 years in mortgage banking, 22 of them at Flagstar, where he started as an account executive.

Finance 351

Finance Lending Clients Investing 351

Appraisal Buzz

MAY 7, 2024

Monterra Credit Union a full-service financial institution serving members throughout San Mateo County, Calif., the City of Palo Alto and the San Francisco Bay Area, has selected the Empower loan origination system (LOS) from Dark Matter Technologies for mortgage loan, home-equity loan and home-equity line of credit (HELOC) originations. One of California’s top 50 credit union lenders by mortgage loan volume, Monterra CU attributed its selection of the Empower LOS to the origination system’s sel

Business 195

Business Technology Mortgage Appraisal 195

Housing Wire

MAY 7, 2024

Redfin showcased pockets of growth in the first quarter of 2024 despite challenging housing market conditions. The brokerage posted revenue of $225.5 million, an increase of 5% compared to the first quarter of 2023. But it also reported a net loss of $66.8 million, up from a net loss of $60.8 million in Q1 2023 and well above its $23 million loss in Q4 2023.

Marketing 348

Marketing Brokerage Advertising Agents 348

Appraisal Buzz

MAY 7, 2024

Mortgage credit availability was basically flat in April, rising just 0.1% compared with March to reach a score of 94.0 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI), which was benchmarked to 100 in March 2012. Mortgage credit availability for conventional loans increased 0.3%, while credit availability for government loans was flat.

Mortgage 195

Mortgage Government Appraisal 195

Housing Wire

MAY 7, 2024

Mortgage capital markets tech firm Polly announced on Tuesday that it has launched “Polly/AI,” which integrates artificial intelligence (AI) technology into the newest version of its product and pricing engine (PPE) and includes a “co-pilot” for loan officers that will “process, interpret, and recommend a range of outcome-driven results.” The PPE system is native to the cloud and is described by the company as “commercially scalable” through a series of customizable options.

Loan Officers 338

Loan Officers Design Mortgage Technology 338

Real Estate News

MAY 7, 2024

Even as net losses increase, Redfin’s CEO says the company is in a good place: “When you give people a better deal, they actually beat a path to your door.

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Inman

MAY 7, 2024

Realtor.com CEO Damian Eales took to the podium on Monday at the MLS Forum of the Realtors Legislative Meetings to refute rival CoStar's earlier claims about Homes.com's growing traffic.

Realtors 177

Realtors Technology 177

Real Estate News

MAY 7, 2024

In a recent survey by the New York Fed, consumers said they expect rates to hit 8.7% in a year and 9.7% in three years.

Mortgage 228

Mortgage 228

Inman

MAY 7, 2024

Real estate’s new era is upon us. At Inman Connect Las Vegas in July, we’re bringing together real estate’s most trusted voices to cut through the noise and give our community the information and tools it needs to succeed moving forward.

Tools 170

Tools 170

Eyes on Housing

MAY 7, 2024

According to the Federal Reserve Board’s April 2024 Senior Loan Officer Opinion Survey (SLOOS), lending standards loosened further for all commercial real estate (CRE) loan categories and residential real estate (RRE) categories in the first quarter of 2024. While the Federal Reserve left the federal funds rate unchanged during their last meeting, demand for RRE and CRE.

Lending 129

Lending Loan Officers Real Estate Finance 129

Inman

MAY 7, 2024

The Real Brokerage reported revenue of $200.7 million in the first quarter of 2024 as gross profit soared to $20.8 million, according to Q1 earnings data released Tuesday morning.

Brokerage 167

Brokerage Agents 167

GoForrmz

MAY 7, 2024

How digital forms are transforming the construction safety space As we celebrate Construction Safety Week, it's important to recognize how technology is reshaping how construction companies approach safety. One area specifically that’s been making strides in improving site safety is digital forms. GoFormz has been helping customers digitize their construction forms to streamline everyday processes and improve safety measures.

Construction 88

Construction Inspection Technology Contracts 88

Inman

MAY 7, 2024

Realtors and buyers are both confused right now, writes mega-team leader Carl Medford. To help buyers sort out the mess, here are our top 10 answers for buyer questions.

Buyers 163

Buyers Realtors Tools Brokerage 163

Eppraisal

MAY 7, 2024

As the world pivots towards sustainable living, the residential real estate market stands at the forefront of this transformative shift, with solar energy emerging as a pivotal component in shaping the homes of tomorrow. For individuals navigating the dynamic landscape of home buying, selling, financing, or investing, understanding the multifaceted implications of integrating solar power into residential properties is essential.

Investing 74

Investing Real Estate Finance Law 74

Inman

MAY 7, 2024

Enviable weather, ocean views and a lengthy list of landmark tourist destinations have made Florida a treasure chest for short-term rental investors. A Clever Real Estate market analysis published on Tuesday revealed strong property values, robust population growth, and year-round tourist demand have made Tampa, Orlando, Jacksonville and Miami top-tier cities for short-term rentals on Airbnb and other platforms.

Investors 159

Investors Real Estate Marketing Investing 159

Lamacchia Realty

MAY 7, 2024

Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for April 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! April 2024 Winners of the Top 10 for the Company are: Shauna Fanning has a passion and a drive for customer service and customer relations and has over 17 years in the field.

Realtors 72

Realtors Realty Real Estate Clients 72

Inman

MAY 7, 2024

Stop trying to generate leads, new Inman contributor Lauren Harris writes. Start creating a community with the power of content creation that speaks to the neighborhoods you serve.

Agents 155

Agents Marketing 155

Houston Properties

MAY 7, 2024

4 Surprising Piney Point Real Estate Market Trends. See Piney Point real estate, home sales, investment data, neighborhood analysis, homes for sale review.

Real Estate 67

Real Estate Investing Marketing 67

Inman

MAY 7, 2024

Whether it’s the liquidity of REITs, the adventurous potential of international markets, reliable income from self-storage, or the traditional appeal of residential rentals, Victoria Kennedy writes, each component adds a unique layer of security and opportunity to your investment strategy.

Investing 154

Investing Real Estate Marketing Agents 154

BiggerPockets

MAY 7, 2024

There’s one way to invest in real estate that’s cheaper, easier, and more efficient than almost any other strategy.

Real Estate 74

Real Estate Investing Mortgage 74

Inman

MAY 7, 2024

In addition to $15 million in direct costs, loanDepot says it lost an additional $22 million in revenue while systems were down, contributing to $72 million net loss.

Mortgage 156

Mortgage 156

Mortgagebroker News

MAY 7, 2024

Strong mortgage renewal rates and increased originations drive positive performance

Lending 65

Lending Mortgage 65

Inman

MAY 7, 2024

Former operations head Sarah Pierce, who had accused Better CEO Vishal Garg of providing misleading information to investors in leadup to SPAC, faced $2.76 million judgment in countersuit.

Investors 146

Investors Finance Mortgage 146

Mortgagebroker News

MAY 7, 2024

Crown corporation delivers affordable units amid rising rates and labor shortages

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Inman

MAY 7, 2024

The nation's biggest city saw the biggest gap emerge between the rates of wage growth and rent growth, according to a new report from Zillow.

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Mortgagebroker News

MAY 7, 2024

Rising costs and stagnant wages create barriers to entry into housing market

Buyers 60

Buyers Housing Market Marketing 60

Inman

MAY 7, 2024

Seattle-based Redfin's revenue increased 5 percent year over year to $225.5 million — beating revenue projections of $218.1 million. Still, the company is struggling to control its net losses, which grew nearly 10 percent from 2023.

Technology 138

Technology Brokerage 138