Housing Wire

DECEMBER 16, 2020

2020 was a year that forced a number of industries to modernize and adopt technologies that had been otherwise underutilized. In 2021, technology will no longer be a ‘nice to have,’ but a must for building trust and standing out amidst an abundance of competitors in the wake of the pandemic,” said John Berkowitz, CEO of OJO Labs. “In

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Agents Real Estate Technology Brokerage 383

Housing Wire

DECEMBER 7, 2022

Now, with five weeks of data in front of us, we can say they have stabilized the market. This time the hit on demand is much more challenging as we are working from a savagely unhealthy rise in home prices since 2000, and mortgage rates have skyrocketed in the most prominent fashion in modern history.

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. Last week we had a lot of action on the bond market just to end up exactly where we were the previous Friday.

Inventory 460

Inventory Housing Market Marketing New Listings 460

Appraisal Buzz

JUNE 3, 2024

The market backdrop It’s a hard time out there for real estate. That has resulted in credit standards tightening and fewer transactions happening in the market (according to CBRE, commercial real estate volumes were down 54% through Q3 2023 ). When this happens at a large scale across the market, it is called deleveraging.

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Investors Marketing Real Estate Renovations 195

Housing Wire

SEPTEMBER 14, 2023

The series will take fans into the action, touring one-of-a-kind homes on the market. Zillow Gone Wild will take the fascination a step further by giving fans a cheeky glimpse inside the most unusual homes on the market, offering those unexpected ‘wow’ moments that will keep viewers coming back for more.”

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Modernization Real Estate Sellers Buyers 385

Housing Wire

SEPTEMBER 11, 2023

Founded in 2021, Onder sells a subscription-based home maintenance service that deploys technicians to help with both interior and exterior property maintenance. Investors included Blumberg Capital , Gaingels , Moderne Ventures , QED Investors , Viola FinTech , and Zillow founder, Spencer Rascoff’s venture firm 75 & Sunny.

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Modernization Investors Housing Market Buyers 389

Housing Wire

NOVEMBER 23, 2022

The current market downturn for mortgage lenders may be shorter than the previous cycles, mainly due to the recent rounds of workforce layoffs imposed by nonbanks. Nonbanks have more than 60% market share of mortgage industry production — and they are more likely than banks to move quickly to reduce capacity. billion in 2021.

Marketing 358

Marketing Loan Officers Business Mortgage 358

Housing Wire

DECEMBER 30, 2021

Projecting the outlook for the housing market in the coming year, including prospects for the secondary market for mortgage-backed securities, can be an exercise in crystal-ball gazing, but one indicator key to bringing clarity to that crystal ball is the direction of interest rates. nance market and toward purchase loans.

Marketing 438

Marketing Supply Chain Housing Market Mortgage 438

Housing Wire

NOVEMBER 15, 2023

Given their market dominance in wholesale, their investment in digital and modernization products, combined with Valuation Connect’s technology and centralized retail presence, we feel this combination will add tremendous value to our combined customers,” said Jeff Coury, CEO of Mortgage Connect. metro markets.

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Valuation Technology Clients Modernization 379

McKissock

DECEMBER 18, 2020

The 2020 housing market will end the year as the highest performing sector of the U.S. Next year’s 2021 housing market will remain strong as the economy recovers from the COVID-19 recession. 2020 housing market recap: Demographics popped the housing bubble boys. Redfin’s 2021 housing market predictions: 14.5

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Housing Market Appraisal Marketing Modernization 76

Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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Modernization Real Estate Agent Reconsideration of Value Appraisal Process 77

Housing Wire

OCTOBER 24, 2022

“Kueh has a long history of successfully incubating and rapidly growing innovative technology businesses in a broad spectrum of areas including mobile, semiconductors, enterprise/SaaS, and AI/ML while leading cross-functional teams including product management, marketing, strategy, and engineering,” a spokesperson at Anywhere said in a statement.

Real Estate 384

Real Estate Brokerage Technology Modernization 384

Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Nevertheless, in 2021, only 36% of completed home-only loan applications were approved; this 64% denial rate has remained relatively unchanged over the last four years.

Business 424

Business Finance Buyers Lending 424

Housing Wire

FEBRUARY 14, 2023

Managing a profitable mortgage business can be challenging in the best of markets. Modern software automates investor reporting and compliance and creates a more efficient workflow, allowing servicers to effectively service loans in-house. But that’s not the only way loan originators are compensating for a more difficult market.

Modernization 343

Modernization Insurance Investors Tools 343

Housing Wire

JANUARY 25, 2023

The firm announced on Wednesday that it was eliminating about 24% of its workforce, or over 250 jobs, as it restructures departments and consolidates teams amid a tough housing market. The firm reduced its workforce by about 27%, or about 350 positions, in October following a slowdown in the housing market.

Valuation 392

Valuation Technology Modernization Appraisal 392

Housing Wire

SEPTEMBER 22, 2022

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years.

Inventory 451

Inventory Housing Market New Listings Mortgage 451

Housing Wire

JULY 16, 2021

As Chief Operating Officer at First Guaranty Mortgage Corp , Sarah Gonzalez has modernized the FGMC brand, recruited top talent and implemented operational efficiencies that significantly reduce the cost per loan across all production channels. HW: What are you looking forward to the most for your organization for the rest of 2021 and beyond?

Investing 369

Investing Training Development Modernization 369

Housing Wire

AUGUST 8, 2022

we’re helping potential buyers make more informed decisions, while empowering agents and sellers to market their properties more effectively, and supporting a modern valuation process for both appraisers and lenders,” said Jeff Allen, president of CubiCasa. said Allen. caught up,” he said.

Property Management 518

Property Management Technology Real Estate Valuation 518

Housing Wire

APRIL 21, 2021

Temporary flexibilities related to employment verification, condominium project reviews, and expanded power of attorney are being allowed to expire as scheduled on April 30, 2021, the FHFA said. The government agency also said it plans to retire all temporary selling flexibilities on May 31, 2021.

Real Estate Agent 395

Real Estate Agent Valuation Appraisal Modernization 395

Housing Wire

MAY 17, 2023

Incentivized by a 200 basis point decline in mortgage rates, 14 million homeowners in America refinanced their mortgages between the second quarter of 2020 and the fourth quarter of 2021, according to a recent research report by the New York Fed. It reset the board. Take my wife’s cousin Christopher, for example.

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Inventory Sellers Modernization Mortgage 366

Housing Wire

APRIL 5, 2022

But that’s not what Regulation X says, that’s not what the CFPB intended, and that’s not what mortgage borrowers need in the modern mortgage market,” Fortman said. 31, 2021, in the U.S. In December 2021 , oral arguments were held to appeal the decision. In the class action lawsuit filed on Jan.

Modernization 388

Modernization Law Mortgage Real Estate 388

Housing Wire

DECEMBER 28, 2020

The Federal Housing Finance Agency (FHFA) announced Monday it is requesting input on the appraisal policies, practices and processes of Fannie Mae and Freddie Mac, especially as it relates to the GSEs’ appraisal modernization efforts. The Request for Input (RFI) – open to comment until Feb.

Appraisal 454

Appraisal Modernization Valuation Appraisal Process 454

Housing Wire

FEBRUARY 2, 2022

ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience. How local lenders can remain competitive in 2022’s changing market. The lender also has Adjustable- Rate Mortgages (ARMs) for five, seven or 10 years.

Mortgage 317

Mortgage Technology Lending Modernization 317

Housing Wire

DECEMBER 21, 2020

The transaction, which was unanimously approved by the RealPage board of directors, is expected to close during the second quarter of 2021 and will make RealPage a privately held company. In January , the company acquired multifamily real estate engagement solution Modern Message. billion, including net debt, according to a release.

Real Estate 487

Real Estate Property Management Modernization Investing 487

Housing Wire

DECEMBER 28, 2021

The managing partner of ACCEL Realty Partners in Boise, Steve Caporale, said that the video gave him pause, especially since, “The market has been softening a bit.”. What we’re starting to see is more of a cooling or a plateauing than a market correction.”. Moreover, 2021 was a historic year for home prices. on pace for 6.29

Real Estate 446

Real Estate Realty Brokerage Realtors 446

Housing Wire

NOVEMBER 18, 2022

A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. Modernizing origination to stay competitive in today’s housing market. As of mid-November, the credit union originated $1.6

Loan Officers 409

Loan Officers Modernization Finance Housing Market 409

Housing Wire

AUGUST 3, 2022

In 2021, operating as Class Valuation, the company acquired Pendo Management , and in February, it added Metro-West. billion real estate appraisal services market has cumulatively grown by 32% since 2008.”. “The tech involved in those modernized products prevents human to human interaction,” Oglesby said.

Valuation 357

Valuation Appraisal Modernization Technology 357

Housing Wire

SEPTEMBER 30, 2021

PR: Much like the rest of the mortgage market, we’ve seen growth during the covid pandemic. RPA has been a necessity due to minimal in-person interactions during the pandemic in 2020 and has continued in 2021. HW: What is Allied Solutions doing differently than the rest of the mortgage lending market?

Insurance 295

Insurance Lending Modernization Clients 295

Housing Wire

NOVEMBER 2, 2021

housing market during a shortage of housing supply and an insufficient stock of move-in ready homes. “We are seeing a significant increase in the investments required to upgrade today’s aging homes and modernize our infrastructure,” said Mullen in a statement.

Investing 278

Investing Finance Modernization Investors 278

Housing Wire

APRIL 6, 2022

Between the recent rate hike from the Federal Reserve , the ongoing war in Ukraine and continued economic recovery following the pandemic, mortgage lenders across the country are managing a volatile housing market. More rate hikes from the Fed. “You The impact of liquidity. What should lenders be doing and how can Polly help?

Modernization 372

Modernization Mortgage Marketing Design 372

Housing Wire

NOVEMBER 14, 2023

Gen Z — born between 1997 and 2012 — is making waves in the market with their approach to homebuying. This applies to marketing available homes on the market. They prize move-in ready homes that can be updated with fresh paint, new flooring and modern fixtures. Here are 14 real estate trends Gen Z buyers won’t pass up.

Real Estate 480

Real Estate Buyers Renovations Open Houses 480

Appraisal Buzz

DECEMBER 27, 2021

The housing market was hotter than ever last year, with pandemic-driven demand boosting home sales to their highest level in 14 years. More of them are willing to pay a premium price in a fast-moving market, and appraisers struggled to keep up, so the gap has remained quite wide throughout 2021. Shifting Toward Modernization.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Housing Wire

FEBRUARY 10, 2022

The company has been hiring for several key positions in recent months, most recently including a new marketing lead just last week. In November 2021, the company added Mitchell as CRO, followed soon after by key hires in its IT development and financial management departments. This is a developing story.

Development 357

Development Modernization Technology Mortgage 357

Clear Capital

AUGUST 30, 2021

August 30, 2021 —. Clear Capital , a real estate valuation and analytics fintech leader, today announced that its ClearInsight app was named “Property Valuation Tool of the Year” in the inaugural 2021 PropTech Breakthrough Awards. Company recognized for innovation in global real estate technology industry. About PropTech Breakthrough.

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Valuation Tools Real Estate Technology 74

Housing Wire

DECEMBER 23, 2020

The impact of COVID on the real estate market is significant and has forever changed the way our industry operates. The broker business is more competitive than ever before and as we look ahead to 2021, it will be those agents who rely on real estate technology who will forge ahead successfully.

Real Estate 462

Real Estate Technology Tools Clients 462

Housing Wire

JANUARY 27, 2022

First Midwest CEO Mike Scudder, who will be Old National’s chairman, said the merger would “further set us apart as a market leader across the Midwest.” billion acquisition of First Midwest to close in “late 2021 or early 2022,” but it first required regulators’ blessing.

Advertising 376

Advertising Modernization Retail Development 376

Housing Wire

JULY 19, 2022

Adjusting to today’s market can be dizzying after the last few years of historically low interest rates and high refinance business. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. Notable trends in a new era of sales.

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Mortgage Loan Officers Technology Real Estate 396