Trending Articles

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The New UAD: “Don’t Borrow Trouble.”

Appraisal Buzz

This is a continuation of the April 15, 2024 article “ From Forms to Reports: A Look at the UAD Overhaul ” I am named after my father, who passed away in 2000. Dad was an SRA who brought me into the business and mentored me back in 1982. I had just returned from college, and back then, there was no appraisal software available. It was my father’s vision that we would “computerize.

Appraisal 351
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Rocket Pro TPO waives origination fee for home equity loans 

Housing Wire

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , announced Monday that it has decided to waive the $795 origination fee charged to broker partners on home equity loans. “When you think about what home equity looks like or represents across the country, there’s a record-breaking home equity, with homeowners sitting on almost $17 trillion,” Rocket Pro TPO executive vice president Mike Fawaz said in an interview. “There’s a ton of demand when it comes to looking

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The financial strength of US homeowners is a cushion against a downturn

Housing Wire

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week , and now the FHFA National Mortgage Database Aggregate Statistics , we have a lot of visibility into the financial position of the American homeowner. The important message in the mortgage data is that even as the economy perhaps finally slows and even as mortgage rates stay higher for longer than anyone expected, the housing market remains buoyed by an incredible cushion of very strong borrowers.

Inventory 545
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FHFA Issues New Tenant Protections

Appraisal Buzz

The Federal Housing Finance Agency (FHFA) has announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the GSEs). These new protections were brought about due to the FHFA’s ongoing engagement with market participants and key stakeholders on tenant issues, and represents the first time that tenant protections will be a standard component of GSE multifamily financing.

Tenants 434
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Bias or Unbias?

George Dell

Bias is an important topic right now. So what are we really talking about? Is someone right? And others wrong? Again, so much divisiveness today is the result of misunderstanding, and the tendency to believe whatever supports your prior opinion. I have heard: Appraisers are biased (meaning racially biased). Appraisers are not biased, so stop […] The post Bias or Unbias?

Appraisal 367
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2023 was tough for agents, but they aren’t giving up

Real Estate News

The typical agent had fewer transactions and less income last year, NAR found, but that’s not stopping newcomers from joining — and old pros are doing well.

Agents 254

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Owning Manhattan? How much business SERHANT.’s agents really do

Housing Wire

Since launching in late June, Ryan Serhant’s latest reality TV venture “ Owning Manhattan ” on Netflix , has become quite the phenomenon. Despite debuting on June 28, the show cracked Netflix’s top-10 most streamed shows in the U.S. for the week ending on June 30. The show stars Serhant, who is no stranger to reality TV, having spent a decade starring in Million Dollar Listing New York , among other shows, and several of SERHANT.’s agents and team leaders.

Agents 528
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New CFPB Proposal Increases Foreclosure Protections

Appraisal Buzz

The Consumer Financial Protection Bureau (CFPB) has proposed new rules to simplify the process for homeowners to get help when struggling to pay their mortgage. “ Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties ,” if finalized, would require mortgage servicers to focus on helping borrowers, not foreclosing, when a homeowner asks for help.

Mortgage 436
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Five Reasons to go Paperless

GoForrmz

Originally published on 12/17/2015 GoFormz makes going paperless a breeze Transitioning to paperless processes offers numerous benefits for businesses. First and foremost, it significantly reduces operational costs associated with paper, printing, storage, and disposal. By digitizing documents, companies can enhance efficiency and productivity, as digital files are easier to organize, access, and share.

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A brokerage built to last with ‘passion, stamina, grit’

Real Estate News

Michael Saunders has always been driven, building her brokerage into a multibillion-dollar company with the goal of making a difference.

Brokerage 259
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Rapidly growing Real Brokerage surpasses 20K real estate agents

Inman

The publicly traded real estate brokerage reached the milestone on its 10th anniversary and set its sights on a closing-bell celebration at the Nasdaq exchange Tuesday afternoon.

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Foreclosures expected to grow slowly the rest of 2024: Auction.com

Housing Wire

A survey of mortgage default servicing leaders revealed that foreclosures are expected to rise slowly during the second half of 2024, while ample amounts of home equity should keep many properties in loss mitigation from moving into foreclosure status. Auction.com , a marketplace for distressed home sales, released its 2024 Seller Insights report on Friday.

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2023 Multifamily Construction: Growing Share of Low-Medium Density Buildings

Eyes on Housing

Reaching the highest level of multifamily completions since 1987, 450,000 multifamily units were completed in 2023, with 216,000 units completed in buildings with fewer than 50 units according to NAHB Analysis of the Census Bureau’s Characteristics of Units in New Multifamily Buildings Completed. This was the highest number of units in such buildings since 2006.

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CoStar pulls high-profile Homes.com ads

Real Estate News

BBB’s ad division sides with Realtor.com challenges to Homes.com traffic claims — the latest twist in the hard-fought battle for the No. 2 spot in home search.

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CAR changes commission-sharing on forms following DOJ inquiry

Inman

The California Association of Realtors says even though offers of compensation among brokers remain legal, members and their clients should not rely on "historically common practices.

Legal 165
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California Association of Realtors to release new and updated forms

Housing Wire

The California Association of Realtors (CAR) evidently wants no part of the Department of Justice. The association announced on Wednesday that it will release new and updated forms after a delay caused by the DOJ launching a formal inquiry into CAR at the end of June. The DOJ expressed concerns about possible loopholes the forms might contain, which could allow agents to skirt new rules implemented as part of the National Association of Realtors’ (NAR) antitrust settlement.

Realtors 460
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Is The Housing Market Becoming Buyer Friendly? 

Appraisal Buzz

The number of homes currently for sale increased for an eighth consecutive month in June, rising by 36.7% year-over-year, according to Realtor.com June housing data. The median home also spent 45 days on the market, an increase of two days over the previous year. The market is trending slightly in the direction of becoming more buyer-friendly thanks to these factors.

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Increase in Mortgage Activity for June

Eyes on Housing

The Market Composite Index, a measure of mortgage loan application volume by the Mortgage Bankers Association’s (MBA) weekly survey, increased by 8.2% on a seasonally adjusted (SA) basis from May to June. In comparison to June 2023, the index is up by 1.0%. The Purchase and Refinance indices, over the month, are up by 4.1%.

Mortgage 103
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Brokerage Beat: News from Lamacchia, Real, RE/MAX, C21, eXp, more

Real Estate News

Lamacchia grows with MA acquisition; Real reaches 20k agents; RE/MAX gains 60-agent firm; C21 franchise and Florida indie merge; eXp joins Fortune 1000; more.

Brokerage 238
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Local MLSs are doomed. The case for data consolidation in real estate

Inman

The thing holding many local MLSs in place is a desire for power and control rather than seeking the best for real estate agents and brokers, writes Mainframe Real Estate founder Sean Frank.

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Opinion: Keeping homeownership the American dream will require intergenerational collaboration

Housing Wire

Many of the norms and habits that followed the pandemic have led some to question whether younger generations, Generation Z in particular, will still see homeownership as the American dream. This worry has been supported by the rising trend of the digital nomad , the fact that more Americans are still living with their parents during their twenties , and the market challenges of low inventory and affordability since the pandemic.

Inventory 441
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Mortgage Credit Availability Rises, But Challenges Remain

Appraisal Buzz

The Mortgage Credit Availability Index (MCAI), a survey from the Mortgage Bankers Association (MBA) that examines information from ICE Mortgage Technology, indicates that mortgage credit availability rose in June. In June, the MCAI increased by 1.0% to 95.0. While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements.

Mortgage 393
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Berkshire Dream Home Joins Forces with Lamacchia Realty

Lamacchia Realty

Lamacchia Realty is happy to officially announce that Berkshire Dream Home has joined the company. This great brokerage owned by Andy and Sarah Perenick serves all of the Berkshires of Western Massachusetts with a main office at 2 Depot St Dalton, MA. Berkshire Dream Home was the number one company in Berkshire County for the most real estate sales transactions in both 2022 and 2023 selling well over 300 homes each year.

Realty 74
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C.A.R. releases new forms after weeks of criticism

Real Estate News

The California association has been the subject of a DOJ inquiry and a scathing CFA report. Updates released this week may allay some of those concerns.

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NAR chief economist predicts 6% mortgage rates. Is this the time?

Inman

NAR Chief Economist Lawrence Yun told CNBC he expects mortgage rates to settle around 6 percent, a prediction he’s made before. A look back at two years of his forecasts amid a chaotic economy.

Mortgage 168
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Brooke Anderson-Tompkins on the ‘lifescape’ of AI

Housing Wire

Editor in Chief Sarah Wheeler sat down with Brooke Anderson-Tompkins to talk about responsible AI and the scope of implementing AI in your business. Anderson-Tompkins was president of 1st Priority Mortgage for 15 years and is a former chair of the Community Mortgage Lenders of America (now Community Home Lenders of America). She is now founder and CEO of Bridge AIvisory and will be a speaker at HousingWire’s AI Summit.

Design 458
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Report: Homebuyer Sentiment on the Rise

Appraisal Buzz

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Top 5 Alternative Investments for Real Estate Investors in 2024

BiggerPockets

Good real estate investors know that diversification is important. These five alternative investments are great ways to diversify.

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New MoxiWorks CEO poised to disrupt real estate tech

Real Estate News

Eric Elfman took the helm at the proptech giant in June and is ready to take on competitors, go deeper with AI and “get back to customer-centricity.

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Top 6 essential luxury real estate trends of 2024

Inman

Stay ahead of the market with Chris Pollinger's top 6 luxury real estate trends of 2024. Learn what luxury clients are seeking and how to cater to their discerning taste.

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How low can mortgage rates go with cooler inflation?

Housing Wire

Mortgage rates are falling today as the CPI inflation data came in lighter than anticipated. The shelter side of the equation was a big help in today’s report. The financial markets’ dynamism was evident in the immediate reaction to the 10-year yield, which had a waterfall dive to a key critical level of around 4.20%, as shown below. With the labor market showing signs of softening and the Federal Reserve expressing concerns, the possibility of our first-rate cut in 2024 looms.

Mortgage 450
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Home Prices Hit All-Time High

Appraisal Buzz

According to a brief report from Redfin News, pending home sales posted their biggest decline since February in June of this year—good news for prospective buyers as there are more new listings to choose from, and monthly housing payments are down around $100 from their peak in April due to declining, but still relatively high, mortgage rates. While Redfin did not post an in-depth analysis of this news this news cycle, they did still report the latest housing market data via charts and graphs.

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Lamacchia Realty Announces Top Producing REALTORS® for June 2024

Lamacchia Realty

Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for June 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! June 2024 Winners of the Top 10 for the Company are: Michael Valencia , P.A. is a passionate and knowledgeable REALTOR® with almost two decades of active-duty military experience.

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Association leaders ‘emphatically deny’ profiting from MLS sale

Real Estate News

A new statement takes aim at “misinformation and concern” surrounding the proposed sale of REcolorado and provides details on the buyer and his intentions.

Buyers 244