Housing Wire

APRIL 23, 2024

The National Association of Realtors (NAR) can breathe a small sigh of relief. The trade group’s nationwide settlement of the commission lawsuits has passed its first hurdle as Judge Stephen R. Bough, who oversaw the Sitzer/Burnett lawsuit , granted preliminary approval to NAR’s settlement on Tuesday. While the agreement still must receive final approval from the court, the industry is now one step closer to operating under the new rules outlined in the settlement agreement.

Realtors 475

Realtors Agents Buyers Legal 475

Appraisal Buzz

APRIL 23, 2024

New home sales in March were at a seasonally adjusted annual rate of 693,000, an increase of 8.8% compared with February and up 8.3% compared with March 2023, according to estimate from the U.S. Census Bureau and U.S. Department of Housing and Urban Development. The median sales price of a new home sold in March was $430,700. The average sales price was $524,800.

Mortgage 369

Mortgage Inventory Development Finance 369

Housing Wire

APRIL 23, 2024

Guaranteed Rate made two significant executive appointments, the Chicago -based mortgage lender announced on Monday. CJ Rose was promoted to the role of executive vice president of growth and acquisition, while Chris Hutchens was hired as producing area manager for North Carolina and senior vice president of mortgage lending. Rose will be in charge of recruiting top talent, individuals, groups and companies throughout the industry.

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Loan Officers Real Estate Brokerage Business 421

Real Estate News

APRIL 23, 2024

A hearing for final approval is scheduled for Nov. 26. The court filing also included information about who is covered in the nationwide class action.

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Housing Wire

APRIL 23, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Is your license renewal on the horizon? Every 12 years, a cosmic thing happens, and agents in all 50 states come due for their real estate continuing education (CE) and licensing renewal. 2024 is that year!

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Real Estate Agents Best Value Design 417

Real Estate News

APRIL 23, 2024

Real estate has gone through massive changes over the past 50 years, says industry icon Stefan Swanepoel, but it’s time to focus on the future.

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Real Estate 257

Appraisal Buzz

APRIL 23, 2024

Mortgage delinquencies were at a rate of 3.2% as of the end of March, a decrease of 4.15% compared with February but up 9.4% compared with March 2023, according to ICE Mortgage Technology’s First Look report. As of the end of the month there were about 1.7 million residential properties 30 days or more past due but not in foreclosure, according to the report.

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Inventory Mortgage Appraisal 195

Housing Wire

APRIL 23, 2024

Mere hours after news broke that Judge Stephen R. Bough had granted preliminary approval of the National Association of Realtors’ nationwide commission lawsuit settlement agreement , NAR President Kevin Sears took to the stage at HousingWire’s The Gathering to pull back the curtain on how the agreement came about. “It was a very intense negotiation session and the plaintiffs kept moving the finish line,” Sears said of the settlement agreement creation process.

Realtors 369

Realtors Brokerage Agents Real Estate 369

Appraisal Buzz

APRIL 23, 2024

Mortgage industry veteran Kurt Raymond, CMB, has joined Informative Research as senior vice president and borrower journey engineer. Raymond co-founded mortgage industry consulting firm Excelerate Advisors and serves as owner and founder of KATANTCO2, specializing in connecting small and emerging companies to other mortgage industry entities. He spent over a decade in various executive and managerial positions, where he led a highly successful team that included analytics, risk management, train

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Lending Training Design Tools 195

Housing Wire

APRIL 23, 2024

The U.S. Department of Labor (DOL) on Tuesday announced a new rule that governs retirement advice, requiring more financial advisers to follow stricter fiduciary standards when dispensing advice about retirement-focused investments. The rule is designed to “protect the millions of workers who are saving for retirement diligently and rely on advice from trusted professionals on how to invest their savings,” DOL said in its announcement.

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Investing Investors Design Government 364

Real Estate News

APRIL 23, 2024

It’s not too late to get on board, but “you have less than a year to figure it out,” AI expert Allie K. Miller told execs at the T3 Leadership Summit.

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Housing Wire

APRIL 23, 2024

Rocket Mortgage launched a new artificial intelligence (AI) tool on Tuesday that allows its client experience teams to analyze sentiment, record behavior patterns, transcribe conversations and create tailored experiences during customer interactions. The lender estimates it will save tens of thousands of hours annually. That’s the latest step the mortgage lender has taken to integrate AI into its operations.

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Tools Clients Investing Finance 363

Real Estate News

APRIL 23, 2024

John Sebree is leaving the California Association of Realtors, while Wendy Forsythe will move into the role of CMO at eXp.

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Realtors 242

Housing Wire

APRIL 23, 2024

Mr. Cooper Group named former Wells Fargo Home Lending executive Ranjit Bhattacharjee and former Piper Sandler analyst Kevin Barker to its leadership team on Tuesday. Bhattacharjee will officially join Mr. Cooper on May 6 as its executive vice president and chief investment officer. He will be responsible for oversight of capital markets and correspondent lending , reporting directly to chairman and CEO Jay Bray.

Lending 357

Lending Finance Mortgage Investing 357

Real Estate News

APRIL 23, 2024

Homes.com subscription sales to agents are the biggest product launch in CoStar history, said CEO Andy Florance, as the company pursues portal dominance.

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Advertising Agents 189

Housing Wire

APRIL 23, 2024

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Marketing Leaders award are open now through April 30th, 2024. Click here to nominate someone. The HousingWire Marketing Leaders award recognizes outstanding professionals who have demonstrated excellence in marketing within mortgage and real estate.

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Marketing Project Management Advertising Real Estate 349

Inman

APRIL 23, 2024

Judge Stephen R. Bough ruled that the sweeping changes NAR agreed to were "fair, reasonable and adequate" and set a final approval hearing for November.

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Realtors Brokerage Agents 200

Housing Wire

APRIL 23, 2024

New York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage industry, having hired industry veteran Ken Krajewski to serve as managing director and head of reverse mortgage lending. To go deeper into the company’s renewed efforts in the space, RMD sat down with Krajewski and US Mortgage Corporation President Scott Milner about the groundwork the company is laying in the reverse space today, and what it hopes to achieve

Mortgage 333

Mortgage Loan Officers Investors Business 333

Inman

APRIL 23, 2024

Whether it's commission lawsuit settlements or life in general that's causing your stress, broker-owner Pam Blair offers insight to help you come out stronger on the other side.

Brokerage 168

Brokerage Agents 168

Housing Wire

APRIL 23, 2024

Real estate coach Tom Ferry is launching a new artificial intelligence (AI)-powered chatbot that is specifically designed for real estate professionals. The firm describes TomAI as a “version of ChatGPT trained on 20+ years proven-effective real estate strategy from hundreds of the industry’s leading coaches and thousands of market-dominating agents.

Tools 322

Tools Real Estate Training Real Estate Agent 322

Eyes on Housing

APRIL 23, 2024

Despite higher interest rates last month, new home sales rose in March due to limited inventory of existing homes. However, the pace of new home sales will be under pressure in April as mortgage rates moved above 7% this month, which is expected to moderate sales and increase the use of builder sales incentives this.

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Mortgage Inventory 167

Housing Wire

APRIL 23, 2024

CoStar Group reported a strong first quarter of 2024, with its revenue of $656 million marking a 12% increase from the $584 million figure it posted in first-quarter 2023. But the company posted a net profit of only $7 million, significantly less than in previous quarters. This dip can be partly attributed to the recent acquisition of 3D scanning company Matterport , as well as the costs associated with the Homes.com marketing campaign during the Super Bowl LVIII broadcast in February.

Real Estate 318

Real Estate Advertising Legal Brokerage 318

Inman

APRIL 23, 2024

Sarah Stewart only learned her Hamptons vacation home was fraudulently listed on the rental platform after someone called her to confirm that they should wire $25,000 outside of the Airbnb platform.

Agents 166

Agents Brokerage 166

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” Adding to this challenge, lenders must deal with an increased risk of cyberattacks, something that loanDepot itself experienced earlier this year. “At least around loanDepot, people were doing high 5s [30-year fixed mortgage rates] in the fourth quarter of last year, thinking rates were to come down, and things were going to take off.

Mortgage 304

Mortgage Real Estate Agent Real Estate Renovations 304

Inman

APRIL 23, 2024

The Virginia-based commercial and residential real estate behemoth released its first-quarter earnings on Tuesday, which revealed the company grew its revenue 12 percent year over year to $656 million. The company remained profitable, although its net income dropped 91 percent from $87 million in Q1 2023 to $7 million.

Real Estate 154

Real Estate Technology 154

Appraiserblogs

APRIL 23, 2024

“FNMA’s collateral underwriter tool has a line item adjustment it makes on every comparable called Census Block Grid.” In a recent discussion within the comments section of an article titled ‘The Censorship of Appraisers,’ appraiser Spencer Paul shared a concerning statement from an underwriter about an adjustment made by Fannie Mae’s Collateral Underwriter tool.

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Tools Modernization Home Value Appraisal 134

Inman

APRIL 23, 2024

Consistent home price appreciation is touted as the main benefit of homeownership; however, runaway home price growth over the past five years has homeowners feeling locked into a financial prison. According to Redfin's latest market study, 38 percent of 3,000 homeowners said they couldn't afford their home if they were to buy it today. As a result, homeowners are staying in place much longer — 59 percent said they've been in their home for at least 10 years and 21 percent have been in their hom

Marketing 150

Marketing Mortgage 150

Eyes on Housing

APRIL 23, 2024

Based on new demographic analysis of 2020 Census population counts, the Census Bureau estimates that children between the ages of 0 to 4 were undercounted by over one million. This age range is historically undercounted in the population surveys but with the addition of conducting the decennial census in the midst of a pandemic, the.

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Inman

APRIL 23, 2024

Digital twin creation company Matterport has sold to CoStar, parent of home search experience Homes.com and Zillow's chief rival. The deal stands to greatly increase the amount of industry data available to the company for use in its appeal to both real estate agents and consumers.

Real Estate Agent 140

Real Estate Agent Real Estate Agents Technology 140

GoForrmz

APRIL 23, 2024

Easily transition to a paperless operation with GoFormz digital forms Traditionally, conducting HVAC inspections involved cumbersome paperwork, time-consuming data entry, and potential errors. However, with the advent of digital forms and mobile technology, the inspection process has been streamlined and optimized for efficiency. This blog explores how the utilization of digital forms can significantly enhance and expedite HVAC inspection processes, leading to improved accuracy, enhanced product

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Inspection Technology 78

Inman

APRIL 23, 2024

Ohio-based Union Home Mortgage boosted its market share by acquiring Amerifirst Home Mortgage. Now it's got a new divisional leadership structure to support its "rapidly expanding, nationwide footprint.

Mortgage 131

Mortgage Marketing 131

BiggerPockets

APRIL 23, 2024

How do you find investment properties nobody else is looking for—the ones with cash flow potential, equity upside, and wealth-building qualities all the other investors overlook?

Tenants 55

Tenants Investors Investing Real Estate 55

Inman

APRIL 23, 2024

The company's unsecured creditors seem to be tiring of its piles of debt, and say that to not seriously consider the ex-CEO's generous bid on the company is "inexcusable.

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Mortgagebroker News

APRIL 23, 2024

Unexpected job losses and increasing loan delinquencies signal potential troubles ahead

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