Eyes on Housing

MARCH 7, 2024

The volume of total outstanding acquisition, development and construction (AD&C) loans posted a decline during the fourth quarter of 2023 as interest rates increased and financial conditions tightened. However, AD&C loan conditions will improve in 2024 as the Fed begins easing monetary policy.

Contracts 60

Contracts Loan Conditions Construction Insurance 60

Housing Wire

DECEMBER 8, 2023

Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. Course includes contracts used in real estate transactions with samples and practical contract completion exercises.

Real Estate 409

Real Estate Contracts Law Real Estate Agent 409

Housing Wire

SEPTEMBER 6, 2023

Department of Housing and Urban Development (HUD)-approved counselors can use fee for pre-purchase counseling and homeownership education services. The change was confirmed through a LinkedIn post by HUD Deputy Assistant Secretary for Housing Counseling David Berenbaum. “The

Mortgage 421

Mortgage Contracts Real Estate Development 421

Eppraisal

FEBRUARY 7, 2023

Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition. If the lot is zoned for commercial use, they do well to develop it as a retail space or other business, and later serving as the landlord.

Development 69

Development Sellers Legal Home Value 69

Housing Wire

APRIL 22, 2024

Lickstein helped craft an AI-powered tool designed to educate brokers and is currently developing a compliance framework. Tager focused more on the marketing implications, how his company has used generative AI to create marketing initiatives and shared thoughts on what the development of the technology could mean for the space overall. “We

Real Estate 441

Real Estate Tools Brokerage Technology 441

Housing Wire

FEBRUARY 21, 2024

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG), the New York City Department of Investigations (DOI), the U.S. For instance, the scheme [at the center of the investigation] involves superintendents who had autonomy over what I’m going to call “micro purchase,” or smaller contracts.

Law 421

Law Contracts Design Tenants 421

Housing Wire

JANUARY 13, 2023

Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. of builders showed profitability with $1 million plus contracts on average. Homebuilding Contract Values.

Marketing 473

Marketing Contracts Supply Chain Project Management 473

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

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Contracts Appraisal Market Value Real Estate 64

Housing Wire

FEBRUARY 12, 2024

A core focus for The Home Squad has always been agent development and empowerment, and we believe this mutual philosophy that we share with SERHANT. in violation of their contract. is essential for a thriving and sustainable real estate business.” In 2023, The Home Squad closed $86 million in sales volume, according to the release.

Real Estate 410

Real Estate Marketing Brokerage Realty 410

Housing Wire

MARCH 21, 2024

By contract, the country’s top 50 lenders as a whole saw volumes fall by more than 50% during the same period. He will focus on product development and building the company’s retail lending network. Bolstered by its 2022 acquisition of Homepoint ’s delegated correspondent channel, Planet originated $13.9

Lending 420

Lending Retail Contracts Construction 420

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

Housing Market 421

Housing Market Marketing Contracts Finance 421

Housing Wire

FEBRUARY 23, 2024

Alleged promises by Ginnie Mae That contention, however, does “nothing to undermine TCB’s claim that Ginnie Mae lacked statutory authority to extinguish TCB’s interest in its collateral, which was not only separate from the servicing rights but also subject to no contract between TCB and Ginnie Mae,” the filing reads.

Government 419

Government Contracts Finance Lending 419

Housing Wire

JUNE 19, 2023

Adding to the issue are concerns raised by educators regarding their working conditions including pay, a lack of support, inflexibility in instruction requirements, lack of multi-year contracts and large classroom sizes according to the Florida Education Association.

Development 370

Development Market Value Contracts Construction 370

Housing Wire

JUNE 20, 2023

These complex contracts make selling, refinancing or transferring real estate difficult for homeowners. After signing one of these listing agreements, homeowners are stuck in a contract that can be binding for up to 40 years. These companies know how to make their agreements sound good.

Business 384

Business Brokerage Contracts Real Estate 384

Housing Wire

FEBRUARY 14, 2024

Develop in-depth knowledge, showcase your expertise, and position yourself as the go-to authority in that property or market niche. Use this tool: Coffee & Contracts Thoughtfully designed by former real estate agent Haley Ingram, Coffee & Contracts offers a suite of upscale social media templates for every social platform.

Real Estate Agent 421

Real Estate Agent Real Estate Agents Luxury Properties 421

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Working as a commercial real estate developer can be a lucrative career path for savvy entrepreneurs. Setting Yourself Up for Success in Real Estate Development. Perhaps the most important trait for a commercial real estate developer is the ability to identify an ideal piece of land. Image by Unsplash. Network to get funding.

Real Estate 303

Real Estate Development Appraisal Contracts 303

Housing Wire

SEPTEMBER 23, 2022

A former assistant inspector general for the Department of Housing and Urban Development (HUD) has been convicted by a federal jury of concealing efforts to direct tens of millions of dollars in government business to a friend and government contractor to whom he owed money.

Government 397

Government Development Contracts Technology 397

Housing Wire

DECEMBER 23, 2022

Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. New home sales data last month was much stronger than had been anticipated; the market had expected a contraction of 4.7% Since July, about 10,000 contracts have been canceled each month, according to data from John Burns Consulting. in November.

Contracts 384

Contracts Inventory Housing Market Mortgage 384

Housing Wire

OCTOBER 10, 2022

Toll, who co-founded the large nationwide development firm alongside brother Bruce in 1967, was 81 and had Parkinson’s disease. “You stop development, stop buying product, stop buying ground and just bring in money from houses you put out there and already contracted. . “By far the worst.

Law 397

Law Contracts Development Real Estate 397

Housing Wire

FEBRUARY 24, 2023

Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. January marked a surge of people signing contracts to buy new homes. This marks the second consecutive month of increases and the strongest sales pace since March 2022. On a year-over-year basis, however, new home sales are still down 19.4%.

Construction 432

Construction Contracts Buyers Development 432

Housing Wire

SEPTEMBER 27, 2023

According to Paasonen, when the housing market is contracting, Maxwell is doubling down on its origination infrastructure to become a “one-stop shop for lenders.” Saportas said Revvin developed a configurable workflow management powered by modular components – the propetch offers a no code/low code digital mortgage platform to lenders. “As

Lending 441

Lending Technology Loan Officers Clients 441

Will Springer Realtor

MAY 2, 2023

They have safeguards built in to written agreements such as a purchase contract on a home. Assuming the buyer followed the rules of the contract contingency, he/she would get the earnest money back and the deal is off the table – all thanks to this important condition. Home buyers are consumers. of the offer price for a down payment.)

Contracts 55

Contracts Buyers HOA Inspection 55

Housing Wire

MAY 6, 2024

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

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Law Real Estate Real Property Contracts 406

Housing Wire

MARCH 6, 2024

He will be responsible for developing a road map to expand Pennymac’s proprietary servicing platform, Servicing Systems Environment (SSE). million in damages related to a breach of contract claim in a four-year dispute between the companies. HousingWire reported in December that an arbitrator awarded Black Knight $155.2

Technology 421

Technology Retail Contracts Tools 421

Housing Wire

APRIL 22, 2024

To convert these leads into business, the brokerage developed teams — also called units — headed by captains who are successful agents with high lead conversion rates. Djon Luxury Real Estate is expanding its sell-side business, training buyer-side real estate agents on the necessary contracts and selling their value to the consumer.

Brokerage 421

Brokerage Real Estate Realtors Real Estate Agent 421

Housing Wire

MAY 13, 2024

The groups also request “sufficient data to evaluate the impact” of the new representative score calculations, as well as “sufficient detail” to evaluate the accuracy “and fair lending analysis” of bi-merge combinations.

Legal 421

Legal Mortgage Contracts Insurance 421

Housing Wire

MAY 3, 2024

Amy Lessinger , the newly appointed president of RE/MAX, attributed at least some of declining domestic agent count to the overall industry contraction. Finally, RE/MAX is advising agents to stay updated on ongoing industry developments. annualized decline in U.S. increase in agent count outside of the U.S. and Canada to 64,322 agents.

Agents 420

Agents Real Estate Training Buyers 420

Housing Wire

SEPTEMBER 7, 2023

Edgerton will now oversee the company’s legal affairs, such as regulatory compliance, trademark protection, and contract management. Prior to joining LeadingRE, Reisinger served as Regional Director for relocation and client development at Coldwell Banker. million global transactions a year.

Legal 397

Legal Brokerage Real Estate Modernization 397

Housing Wire

JANUARY 3, 2024

Department of Housing and Urban Development (HUD) program designed to allow for the construction of rental housing units is getting a new participant: the Cherokee Nation. They are one of the first tribes to be approved for the program, according to the announcement.

Human Resources 421

Human Resources Construction Law Contracts 421

Housing Wire

NOVEMBER 30, 2020

However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% According to Yun, median home prices are rising “ much too fast ” and that transforming raw land into developable lots and new supply are clearly needed to help tame the home-price growth. pending home sales fell 1.1% compared to a year ago.

Realtors 534

Realtors Inventory Contracts Development 534

Miller Samuel

MAY 4, 2019

The slowdown is related to the oversupply of new development created from the vast amounts of capital looking for a home since the financial crisis. It's been no secret that super luxury Manhattan sales have been the hardest hit segment of the market since 2014. I was asked by the New York Post to provide a snapshot of this submarket.

Contracts 243

Contracts Brokerage Development Real Estate 243

Housing Wire

APRIL 18, 2023

Given that HELOC organizations are more streamlined than closed-end lending, there is greater importance for the adoption of electronic closing documents, MISMO said last week, calling for participants to join a new development workgroup (DWG). Meetings will be conducted regularly via conference call.

Lending 368

Lending Renovations Real Estate Finance 368

Housing Wire

NOVEMBER 16, 2023

Department of the Treasury have agreed to settle a lawsuit in which the lender claims “flawed analysis and mathematical errors” led to its decertification as a Community Development Financial Institution (CDFI).

Lending 420

Lending Finance Contracts Development 420

Housing Wire

JULY 6, 2022

The Federal Housing Finance Agency (FHFA) will increase its oversight of fourth parties – companies that contract with firms doing business with Fannie Mae and Freddie Mac. Fannie Mae has, and Freddie Mac is developing, a list of “material fourth parties,” including those that have access to confidential information.

Supply Chain 397

Supply Chain Contracts Government Finance 397

Housing Wire

JUNE 6, 2023

This includes setting pricing for prospective clients, managing pricing for existing clients as they renew their contracts, and identifying other opportunities to support Cenlar’s clients and their homeowners.

Valuation 370

Valuation Clients Contracts Mortgage 370

Housing Wire

FEBRUARY 26, 2024

Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. 21 in the U.S.

Retail 421

Retail Legal Lending Business 421

Housing Wire

MAY 4, 2021

Caroline Reaves, CEO of property services provider Mortgage Contracting Services , announced her retirement on Tuesday after leading the company for 14 years. While Reaves will be departing from one position at the company’s helm, the mortgage veteran is set to transition to MCS’ board of directors as its chairwoman.

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Contracts Development Business Mortgage 357