Housing Wire

MAY 21, 2024

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. Michelle Corridon, deputy policy director at the VA, announced at the Mortgage Bankers Association ‘s Secondary & Capital Markets Conference in New York that the circular would be issued between now and June 12.

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Appraisal Buzz

MAY 21, 2024

A combination of increased listings and weakening affordability continued to dampen home price appreciation in April – a trend that will likely to continue, according to First American. “After years of historically low levels of homes for sale, the pace of existing-home listings has modestly increased, bringing much-needed supply to the housing market,” says Mark Fleming, chief economist for First American, in a statement.

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Inventory Housing Market Marketing Appraisal 370

Housing Wire

MAY 21, 2024

In a supply-constrained housing market , even landing a deal at foreclosure auction has become challenging, but those deals tend to be more readily available in markets or neighborhoods that are off the beaten path. “It’s oddly enough in states where people are leaving,” said Florida-based real estate investor Paul Lizell of the markets where he is more focused on acquiring investment properties in 2024.

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Marketing Investors Real Estate Investing 438

Real Estate News

MAY 21, 2024

An appeals court ruled that the government could reopen its investigation. NAR says that decision involved “far-reaching and exceptionally important” errors.

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Government 283

Housing Wire

MAY 21, 2024

At a status hearing on Tuesday for the Nosalek commission lawsuit, a lawyer for the Department of Justice said the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement represented “an improvement.” However, it remains unknown if the DOJ will file a statement of interest in the Sitzer/Burnett suit, as it did in the Nosalek suit, according to RisMedia , which first reported the news.

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Agents Realtors Government Legal 421

Real Estate News

MAY 21, 2024

A new report describes the political might of NAR, its lavish efforts to protect it, and risks to its future posed by the government — and its own actions.

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Government 247

Appraisal Buzz

MAY 21, 2024

Bill Shuler has joined Planet Home Lending , a national mortgage lender, servicer, and asset manager, as executive vice president, chief information officer. Shuler has more than 25 years of experience in the financial services industry and decades of mortgage leadership. Before joining Planet Home Lending, Shuler was president of WPS Advisors, LLC, providing boutique advisory and consulting services to top-tier mortgage companies and private equity firms.

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Lending Technology Renovations Business 195

Housing Wire

MAY 21, 2024

NEXA Mortgage , the largest mortgage brokerage firm in the U.S., will pay its loan officers 100% of the commission splits “without any per-file fees or other hidden fees,” according to co-founder and CEO Mike Kortas. NEXA usually pays loan officers 220 basis points (bps) out of 275 bps on most loans. However, moving forward, it will allow LOs to access the remaining funds — the 55-bps difference — through its new program, NEXA100.

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Loan Officers Brokerage Mortgage Technology 414

Appraisal Buzz

MAY 21, 2024

Halcyon is integrating with Fannie Mae’s Desktop Underwriter (DU) validation service, with final authorization at a later date. This new integration utilizes the widely recognized IRS 8821, modernized by Halcyon to provide speed, accuracy, and flexibility. Halcyon leverages its team’s extensive 25-plus years of experience in tax preparation and financial services to offer a cutting-edge solution.

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Modernization Business Mortgage Appraisal 195

Housing Wire

MAY 21, 2024

Tapping into home equity , particularly for people in or near retirement , can be challenging — especially for those who may have a pressing need. Traditional equity-tapping methods — such as selling the home or taking out a home equity loan — could present lifestyle challenges, which is where alternative options like reverse mortgages can come into play.

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Mortgage Tools Clients Finance 405

Appraisal Buzz

MAY 21, 2024

Zillow Home Loans is introducing a new tool that helps borrowers assess how much home they can afford. The new tool, BuyAbility, gives buyers a personalized, real-time estimate of the home price and monthly payment that fits within their budget, and then gives insight into the likelihood of qualifying for a loan, Zillow Home Loans says in a release.

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Housing Wire

MAY 21, 2024

Rocket Mortgage has entered into a settlement agreement with a group of current and former employees who have alleged the company did not provide sufficient overtime pay, according to court documents reviewed by HousingWire and reporting at Bloomberg Law. In a case filed in January 2023 in the U.S. District Court for the District of Arizona , the employees alleged that they “were not paid one-and-one-half times their regular rates of pay for all time worked in excess of 40 hours in a given workw

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Legal Law Mortgage Development 387

Appraisal Buzz

MAY 21, 2024

Carrie Guarrero has been promoted to the role of president of Fairway Independent Mortgage Corp.’s coaching platform, Fairway Ignite. Guarrero has participated in various coaching and certification programs since 1998. In 2007, she launched her first coaching and training company. From that point forward, she has been a key player in the mortgage and real estate industries, consistently performing exceptionally well as a top producer, except for 2013 and 2014 when she fully committed herself to

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Mortgage Training Design Real Estate 195

Housing Wire

MAY 21, 2024

U.S. single-family rent growth strengthened overall in March despite some weaknesses in specific markets. Single-family rent increases in March 2024 registered a 3.4% year-over-year gain, unchanged from February, according to CoreLogic ’s latest Single-Family Rent Index (SFRI). The SFRI analyzes single-family rent price changes at the national and major-metro levels.

Marketing 373

Marketing Housing Market Finance 373

Appraisal Buzz

MAY 21, 2024

This content is password protected. To view it please enter your password below: Password: The post Protected: Lighthouse vs. Tugboat Mindset appeared first on Appraisal Buzz.

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Appraisal Valuation Housing Market Marketing 195

Housing Wire

MAY 21, 2024

Zillow announced the release of an open-source tool, the Fair Housing Classifier , on Tuesday as part of the company’s efforts to “promote responsible and unbiased behavior in real estate conversations powered by large language model (LLM) technology.“ In a news release, Zillow explained that artificial intelligence (AI) tools often fail to account for the myriad requirements of fair housing laws.

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Tools Real Estate Law Technology 339

Inman

MAY 21, 2024

James Dwiggins spoke at the inaugural Inman Connect Miami on Tuesday, arguing that clinging to the current status quo when it comes to commissions is a recipe for disaster.

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Realty Brokerage Agents 183

Housing Wire

MAY 21, 2024

Connecticut-based lender, servicer and asset manager Planet Home Lending has appointed Bill Shuler as executive vice president and chief information officer. In his new role, Shuler will focus on Planet’s technological growth and enhancements to its operational efficiency. “My focus has always been on creating pragmatic IT solutions that support dynamic business growth, and I am ready to build strategic partnerships across all areas of Planet and help solidify the foundation for that growth,” Sh

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Lending Technology Business Finance 337

Inman

MAY 21, 2024

The president and CEO of Corcoran Group spoke with moderator Jim Dalrymple II about recent changes in the market and how agents can explain their value to clients in the wake of commission lawsuit settlements.

Agents 177

Agents Clients Marketing 177

Housing Wire

MAY 21, 2024

New York City -based brokerage SERHANT. is promoting its new development director, Jennifer Alese, to the position of chief business officer, The Real Deal reported on Monday. Alese will be the company’s first chief business officer, and Carolyn Sebba will replace Alese as the new development director. “I’ve been working alongside Ryan Serhant for 9+ years leading New Development for the company, and this new role will allow me to focus on the future of the brand by implementing strategic initia

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Business Brokerage Development Inventory 326

Inman

MAY 21, 2024

Managing broker and new Inman contributor Cassie Walker Johnson writes that in the evolving real estate market, investing in buyer agent compensation is a wise decision that benefits everyone involved.

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Buyers Sellers Real Estate Agents 176

Housing Wire

MAY 21, 2024

Sandra Ho, a managing director at JPMorgan Chase , will join Wells Fargo next week as its head of home lending sales, Wells Fargo said in a statement Monday. It is a newly created role, and Ho will lead Wells Fargo’s consumer direct and distributed sales forces. She will report to Serhat Oztop, head of sales and retail transformation for Wells Fargo Home Lending.

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Lending Retail Business Mortgage 326

Inman

MAY 21, 2024

With commissions up in the air, Clever's Luke Babich writes that it may be time for some agents to explore alternative compensation models that can provide more consistent and reliable income.

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Agents Brokerage Marketing 171

GoForrmz

MAY 21, 2024

Elevate your patient care with digital data capture Healthcare operates in a fast-paced, 24/7 environment where precision is paramount. Whether patients seek treatment at a senior care facility, emergency room, or small private practice, they rely on healthcare professionals for swift, high-quality care. Traditional paper-based documentation poses significant challenges, including delays, misplaced documents, illegible handwriting, and more, posing risks to both your healthcare practice and pati

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Insurance Business 78

Inman

MAY 21, 2024

The sale marks a new record for lakefront properties in Palm Beach. Developer Todd Michael Glaser renovated and expanded the estate, at one point marketing it for more than $200 million.

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Renovations Development Marketing Real Estate 168

Birmingham Appraisal

MAY 21, 2024

Strategies for Evaluating Home Value: What Buyers Need to Know When it comes to purchasing a home, understanding the various factors that affect its value is important. Whether you’re a first-time homebuyer or have years of experience in buying and selling houses, knowing what to look for can significantly influence your decision-making process and potential returns on your investment.

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Home Value Architecture Renovations Real Estate 68

Inman

MAY 21, 2024

Luxury leaders Jay Parker, Liane Jamason, Thad Wong and Daniel de la Vega tackled commissions at Inman Connect Miami, saying agents must know and protect their value as regulatory changes draw near.

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Agents Real Estate 168

Walitt Solutions

MAY 21, 2024

What does “Go to the Source” mean for my appraisal practice? When we agree to perform an appraisal, we accept the requirements associated with that particular type of appraisal assignment. If we don’t know what those requirements are, we have a problem! Rather than following rumor or unsubstantiated anecdote, refer to the appropriate professional source documents to fully understand your obligations.

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Valuation Appraisal Sellers Clients 74

Inman

MAY 21, 2024

Inman founder Brad Inman kicked off the inaugural Inman Connect Miami on Tuesday with a heartfelt keynote on friendship, community and optimism amid real estate industry challenges.

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Real Estate Brokerage Agents Mortgage 158

Will Springer Realtor

MAY 21, 2024

Many in Western Washington may think the risk of a wildfire impacting their lives is minimal because of the high density of buildings, roads and rails. But in 2023, this half of the state had more instances of wildfires than the typically drier land in Eastern Washington (552 first vs. 527). About 4.7M properties in the U.S. are at risk from the devastation of wildfires, according to First Street Foundation, a non-profit that studies climate-change risk.

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Decorating Tools Development 56

Inman

MAY 21, 2024

This year, Calque has partnered with some big names including C2 Financial and Cornerstone First Mortgage, as well as a number of smaller players like Portland, Oregon-based Theory Mortgage.

Mortgage 157

Mortgage Buyers Tools 157

Mortgagebroker News

MAY 21, 2024

Federal Reserve rate cut uncertainty clouds outlook for Canadian bank quarterly financials

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Inman

MAY 21, 2024

Don't-miss sessions at Inman Connect Las Vegas this summer include those built around value propositions, commission negotiations and the evolution of buyer agency.

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Buyers Agents 161

Mortgagebroker News

MAY 21, 2024

Could a Bank of Canada rate cut be set to follow?

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