Housing Wire

OCTOBER 21, 2024

An effort seeking summary judgment in a case brought by Texas Capital Bank (TCB) against Ginnie Mae over reverse mortgage-related collateral has been denied by presiding Judge Matthew Kacsmaryk, according to a court filing reviewed by HousingWire ’s Reverse Mortgage Daily (RMD). TCB sought summary judgment in a court filing this past summer, which would have allowed the presiding judge to decide part of the case prior to a trial.

Contracts 404

Contracts Law Mortgage Legal 404

Appraisal Buzz

OCTOBER 18, 2024

The next installment in the Five Star Institute Webinar Series will be held Thursday, November 7 at 1:00 p.m. Central when Five Star, in partnership with Consolidated Analytics , presents “ Claims Management Best Practices: Reducing Losses and Maximizing Recoveries.” The Five Star Institute Webinar series aims to broaden the horizons of the mortgage industry.

Investors 372

Investors Mortgage Lending Real Estate 372

Housing Wire

OCTOBER 19, 2024

We have had three weeks of positive year-over-year growth in both purchase application data and weekly pending contract data, with last week showing a noticeable jump from last year. Now the dose of reality: last year at this time mortgage rates were heading toward 8% , and even though 2023 showed record low sales levels, it got worse with 8% rates.

Inventory 423

Inventory New Listings Mortgage Contracts 423

Appraisal Buzz

OCTOBER 16, 2024

According to the Realtor.com September Rental Report, there remains a geographical gap in the rental market despite a national trend of overall rent declines. Despite a nationwide decline in rent, nine of the ten Midwestern markets included in the 50-metro survey experienced year-over-year increases in rent in September. On the other hand, eight out of ten of the markets that saw the largest rent cuts last month were in the South, primarily due to an increase in the number of new multi-family ho

Sellers 418

Sellers Buyers Marketing Mortgage 418

Sacramento Appraisal Blog

OCTOBER 16, 2024

Who is buying in today’s housing market? Some say it’s only the wealthy or institutional investors, and first-time buyer are missing in action. What do stats show when we look at forty local neighborhoods? Let’s find out. UPCOMING SPEAKING GIGS: 10/18/24 Prime Real Estate (private) 10/22/24 Culbertson and Gray Group (private (I think)) 10/23/24 SAFE […] The post Which neighborhoods are doing better than others?

Real Estate 310

Real Estate Investors Housing Market Buyers 310

Real Estate News

OCTOBER 17, 2024

The DANGER Report took a “frank and sometimes searing” look at the risks facing agents, brokers, associations, MLSs and the National Association of Realtors.

Real Estate 285

Real Estate Realtors Agents 285

Housing Wire

OCTOBER 17, 2024

The U.S. economy appears to be on firmer footing than previously thought, mortgage rates are forecast to end 2024 at 6% and home-price growth is also on the move. These are conclusions drawn by economists at Fannie Mae ‘s Economic and Strategic Research (ESR) Group. They’re now projecting gross domestic product (GDP) growth to fall from 3.2% in 2023 to 2.3% in 2024 and 2% in 2025.

Sellers 500

Sellers Mortgage Buyers Business 500

Appraisal Buzz

OCTOBER 17, 2024

The October 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group revealed that the economy now looks to be on firmer footing than previously thought, following annual revisions to the national accounts and an improvement in payroll employment growth in both August and September. The ESR Group still anticipates a slowdown in economic growth from the strong 3.2% pace seen in 2023, but it will be less severe than previously anticipated.

Mortgage 397

Mortgage Marketing Buyers Appraisal 397

Inman

OCTOBER 18, 2024

The unique getaway completed in 2010 by late craftsman and entrepreneur Reggie Whibley is on the market for $1.75 million. The hunt is on for a buyer who doesn't care about cell or internet service.

Marketing 177

Marketing Buyers Real Estate Agents 177

Real Estate News

OCTOBER 19, 2024

The Clear Cooperation Policy — a misguided attempt to level the playing field — doesn't meet the needs of consumers or support principles of free enterprise.

246

246

Eyes on Housing

OCTOBER 15, 2024

Nationally, across the 86 million owner-occupied homes in the U.S., the average annual real estate taxes paid in 2023 was $4,112, according to NAHB analysis of the 2023 American Community Survey. Homeowners in New Jersey continued to pay the highest real estate taxes, paying an average of $9,572, 30.6% higher than the second highest, New.

Property Taxes 156

Property Taxes Real Estate 156

Housing Wire

OCTOBER 16, 2024

Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending October 11, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 17% on both a seasonally adjusted and an unadjusted basis from one week earlier.

Mortgage 503

Mortgage Inventory Buyers Marketing 503

Inman

OCTOBER 21, 2024

I started my real estate career as an agent 23 years ago. Today, I consider myself fortunate to have my dream job as a director of learning for a global real estate brand. I recently helped launch the CENTURY 21 International Leadership Academy to help real estate professionals increase their leadership capacity.

Real Estate 123

Real Estate Agents 123

Real Estate News

OCTOBER 15, 2024

“People are buying” — and living in — these futuristic homes, with dozens sold at a community in Texas, and more widespread adoption expected in five years

268

268

Appraiserblogs

OCTOBER 18, 2024

A barrage of billboards, magazine ads, and TV/radio public service announcements is being used to amplify and spread this false narrative. The latest attack on the appraisal industry is being spearheaded by the National Fair Housing Alliance (NFHA) and the Department of Housing and Urban Development (HUD), who are aggressively pushing a false narrative of widespread appraisal bias against Black and Latino homeowners.

Appraisal 123

Appraisal Development Valuation 123

Appraisal Buzz

OCTOBER 15, 2024

The Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) based on data analysis from ICE Mortgage Technology , indicates a drop in mortgage credit availability in September. Key Findings from the Mortgage Credit Availability Index: In September, the MCAI dropped by 0.5% to 98.5. While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements.

Mortgage 383

Mortgage Government Lending Construction 383

Inman

OCTOBER 18, 2024

In a nationwide Inman-Dig Insight poll of active homebuyers, fewer than 5 percent of shoppers now listing their current home said they didn't realize that they could decline to pay buyer-side commissions.

Buyers 165

Buyers Sellers Clients Brokerage 165

Real Estate News

OCTOBER 18, 2024

A recent survey found that while both veterans and civilians are feeling more prepared to buy, veterans are more likely to purchase a home in the next year.

236

236

GoForrmz

OCTOBER 21, 2024

Originally published on 03/15/2017 Adaptability is essential for success in the rapidly growing construction industry As new digital platforms and software for construction emerge, it can be difficult to differentiate the key features and qualities that separate truly transformative platforms from the rest of the pack. Below we’ve outlined a few of the features and fields within the GoFormz platform that benefit construction management professionals and their teams.

Construction 97

Construction Technology Inspection Design 97

Housing Wire

OCTOBER 16, 2024

Researchers at the U.S. Department of Housing and Urban Development (HUD) have published a new report identifying the locations of people seeking Federal Housing Administration (FHA) rental and homeownership assistance programs. They found that homeownership program beneficiaries generally live in more affluent, racially homogenous neighborhoods than those seeking rental assistance.

Tenants 449

Tenants Investing Housing Market Mortgage 449

Appraisal Buzz

OCTOBER 16, 2024

Mortgage application volume tanked 17.0% last week, as rates increased sharply, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances plummeted 26% compared with the previous week but were still up 111% compared with the same week one year ago. Applications for purchases decreased 7% compared with the previous week but were up 7% compared with the same week one year ago.

Mortgage 370

Mortgage Government Inventory Buyers 370

Inman

OCTOBER 17, 2024

The deal, one of the city’s largest this year, involves 1,000 units and more than 60 buildings across Upper Manhattan in New York City. Part of the portfolio closed Wednesday, according to reports.

Investing 172

Investing 172

Real Estate News

OCTOBER 18, 2024

The latest consumer guide covers different types of contracts between sellers and their agents, and the “fully negotiable” nature of agent compensation.

Agents 236

Agents Contracts Sellers 236

Eyes on Housing

OCTOBER 21, 2024

Homeownership is an important voter issue for the upcoming election with both presidential candidates putting forth housing policies to tackle the housing affordability crisis. In a recent NAHB post, the national homeownership rate sat at 65%, but there are large disparities in homeownership when broken down by race. For Black/African American households, the homeownership rate.

Housing Market 88

Housing Market Marketing 88

Housing Wire

OCTOBER 17, 2024

LenderLogix , a provider of mortgage point-of-sale and automation software for lenders, said that borrowers generated 49,392 preapproval letters through its QuickQual preapproval program in third-quarter 2024, a 15% decrease from the second quarter. The average number of preapproved borrowers per loan officer decreased slightly to 28.5 in the third quarter, down from 29 in Q2 2024, the company said in its quarterly Homebuyer Intelligence report.

Loan Officers 440

Loan Officers Mortgage Technology 440

Appraisal Buzz

OCTOBER 16, 2024

Get ready for the most exciting Buzzcast yet! Join hosts Hal and Jim as they share the finalists of this year’s Buzzy Awards. Plus, Jim draws three random winners from the nominees to receive a FREE pass to the Valuation Expo conference in August 2025. Cast YOUR votes on the winners of this year’s Buzzy Awards here: [link] At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field.

Valuation 368

Valuation Appraisal Modernization Real Estate 368

Inman

OCTOBER 18, 2024

A majority of the 1,200 Flagstar employees being let go in $1.4 billion sale of the company's mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper.

Business 169

Business Mortgage 169

Real Estate News

OCTOBER 15, 2024

A new statement from the agency suggests that when information is shared only among competitors — like trade group members — it sets off antitrust alarm bells.

253

253

Eyes on Housing

OCTOBER 21, 2024

Nearly 1.3 million tax returns filed for tax year 2023 utilized the Residential Clean Energy Credit (25D tax credit), according to the latest IRS clean energy tax credit statistics. Through May 23rd of the 2024 tax filing season for 2023 returns, almost 138 million tax returns had been filed with the IRS, which indicates that.

88

88

Housing Wire

OCTOBER 15, 2024

The Federal Communications Commission (FCC) — the regulatory body that oversees communications across a wide variety of media including radio, telephone and the internet — announced that new rules related to the Telephone Consumer Protection Act (TCPA) will go into effect in April 2025. The new guidelines are designed to make it easier for consumers to revoke consent for unwanted robocalls and texts.

Design 458

Design Real Estate Mortgage Business 458

Appraisal Buzz

OCTOBER 15, 2024

During the 2024 Five Star Conference & Expo , held at the Omni Hotel in Dallas in late September, the Five Star Institute presented the 2024 Lifetime Achievement Award during the Keys for Life Opening Luncheon. This year’s Lifetime Achievement Award recipient was Jocelyn Martin-Leano, Founder of Enizio Strategies LLC. Martin-Leano, who also served as the Chair of Five Star’s National Mortgage Servicing Association (NMSA) from 2022-2024, established Enizio Strategies as a professional service

Business 345

Business Mortgage Insurance Design 345

Inman

OCTOBER 18, 2024

FootFallz is a mobile-first application that fastens the listing agent to their title rep and mortgage partners and marries productivity with new business generation.

Agents 171

Agents Business Mortgage Open Houses 171

Real Estate News

OCTOBER 19, 2024

Top NYC agent moves to Compass; 20-year vet joins Corcoran Centric; Florida indie gains new leader; The Agency opens in Saskatoon; C21 adds Vegas firm; more.

Brokerage 214

Brokerage Agents 214

DW Slater Company

OCTOBER 18, 2024

Our thoughts and prayers go out to all of those impacted by the impact of Hurricane Dorene and Milton. Even though the hurricanes are long gone the clean up efforts and impacts are long lasting. There is still much need in these areas. Here are some helpful resources. Appraisers- if you have been impacted you can request assistance from the National Association of Appraisers – Appraiser Relief Fund.

Appraisal 95

Appraisal 95