Tue.May 13, 2025

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Why foreclosures are still below pre-pandemic levels

Housing Wire

According to the most recent credit data from the New York Fed , foreclosure data for the housing market is still below 2019 levels. Although foreclosure rates rose in the last quarter, we are far from the stressful levels that we saw during the run-up to the housing bubble crash in 2008. Credit data in general doesnt look great when accounting for credit card debt, auto loans, and student loan debt all have had an increase in their percentage on 90-day lates.

Law 469
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Another problem for buyers: The aging home supply

Real Estate News

In 2024, the age of a typical home hit a new high, according to Redfin. But buyers arent getting as much of a discount on older homes as they used to.

Buyers 237
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The future of real estate professionals: Adapting to a changing industry

Housing Wire

The future of real estate professionals belongs to those who deliver long-term value. Lets be real: the real estate industry is changing. The days of surviving on transactions alone are gone. Todays buyers and sellers want more and real estate professionals who evolve their approach will be the ones who thrive. Yes, they want great service, excellent marketing, negotiating a great price and sound guidance on the transaction.However, what they NEED is a lot more than that.

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MBA: Mortgage Delinquency Rate at About 4 Percent, as of Q1

Appraisal Buzz

The residential mortgage delinquency rate as of the end of the first quarter stood at about 4.04% of all loans outstanding, according to the Mortgage Bankers Associations (MBA) National Delinquency Survey. Thats up 6 basis points compared with the fourth quarter and up 10 basis points from one year ago, according to the report. The percentage of loans on which foreclosure actions were started in the first quarter rose by 5 basis points to 0.20%.

Mortgage 195
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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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UWM sets incredibly ambitious 2028 production goal

Housing Wire

Mat Ishbia , CEO of United Wholesale Mortgage (UWM), the top U.S. mortgage lender, unveiled on Tuesday the companys ambitious goal to reach $280 billion in mortgage production by 2028. That is more than double the $137.8 billion UWM originated in 2024, a year in which the wholesale lender posted a 28% year-over-year increase despite heightened competition and persistently high mortgage rates.

Mortgage 368

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Appraisal Institute executive accused of harassment withdraws from public appearances

Housing Wire

The Appraisal Institute (AI) executive whos been accused of sexual misconduct by multiple women has decided to keep a lower profile. AI Vice President Craig Steinley will cease making public appearances after an expoe by the New York Times detailed accusations against him of inappropriate comments and groping by current and former AI employees. The news was announced Monday by AI President Paula Konikoff, who in a LinkedIn post said that AIs board of directors has formed a task force to review p

Appraisal 359
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Appraisal Institute rocked by NYT exposé, lawsuits by former execs

Inman

Professional association is fighting accusations that it knowingly reported inaccurate exam scores to state agencies and ignored a top executive's alleged sexual harassment of multiple employees.

Appraisal 149
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Aging in place is not ‘equally accessible’ to all, study finds

Housing Wire

Despite the overwhelming preferences of older people to age in place in their own homes a trend that holds true across North America there remain inequities that limit the access and ability for some older people to fulfill this desire, according to the findings of a recent study. Researchers at McGill University in Canada found that the social factors influencing aging in place can illuminate equity barriers for some older people seeking to remain in their homes as they grow older.

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Prefab home companies step in to rebuild LA wildfire zones

Inman

Labor shortages, high material costs and permitting delays have stretched rebuilding timelines into years. In response, a wave of prefab housing companies is stepping in with solutions to meet the urgency of the moment. Plant Prefab, Azure Printed Homes and Ark Container Homes are answering the call.

Design 106
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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.

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ServiceLink expands closing technology

Housing Wire

Mortgage solutions provider ServiceLink has introduced updates to its EXOS Close platform aimed at increasing scheduling flexibility for lenders and borrowers. The latest enhancements allow users to schedule closings in real-time with expanded options for online and in-branch appointments, and add automatic eligibility checks for remote notarization.

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Toronto rent prices decline, landlords try to attract tenants with incentives

Mortgagebroker News

Rental prices drop by nearly $400 from peak

Tenants 67
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Mortgage delinquencies rise slightly in Q1

Housing Wire

The delinquency rate for U.S. residential mortgages rose slightly in the first quarter of 2025. This was partially driven by an uptick in conventional loan delinquencies and rising foreclosure inventory , particularly among loans backed by the U.S. Department of Veterans Affairs (VA). The Mortgage Bankers Association (MBA) reported Tuesday that the seasonally adjusted delinquency rate for mortgages on one- to four-unit properties increased to 4.04% of outstanding loans in the first quarters.

Mortgage 248
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JL Collins: The “Simple” Path to Wealth, FIRE, and Stress-Free Investing

BiggerPockets

The Simple Path to Wealth is arguably the most influential book in the FIRE movement.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Better leans on AI, sees first profitable month since 2022

Housing Wire

Better Home & Finance Holding Co. is betting big on artificial intelligence and strategic partnerships to drive growth, CEO Vishal Garg told investors on Tuesday during the companys first-quarter 2025 earnings call. At the core of this strategy is Better s AI loan assistant, Betsy , which executed 127,000 consumer interactions in March. The company said AI-powered underwriting now supports 75% of its locked loans up from just over 40% immediately after its launch and is helping loan office

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Comparing the Best Airbnb Data API Providers for Short-Term Rental Investors

Mashvisor

Finding the best Airbnb data API is essential for savvy investors and property managers who want to excel in the competitive short-term rental market.

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Young brokerages have explosive growth, but franchisers remain on top

Housing Wire

Century 21 Judge Fite has a long history of independence as a franchise, with an emphasis on long. The Dallas-based brokerage was founded in 1937 by Judge B. Fite. Over its almost 100-year history, its grown from a mom-and-pop operation to one that has more than 1,000 agents that closed 4,432 transactions in 2024, good for $1.8 billion in sales volume.

Brokerage 206
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The Hidden Legal Landmines in Off-Market Deals & How to Avoid Them

BiggerPockets

Off-market deals have become the holy grail for many real estate investors.

Legal 41
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Fathom stays optimistic about agent compensation plan even as losses mount

Housing Wire

Fathom Holdings Inc. is under pressure to turn its business around, and CEO Marco Fregenal thinks its new agent compensation model can do that. On the companys first-quarter earnings call on Tuesday, Fregenal touted Elevate, which provides agents with a 20% commission split and support systems to streamline their work. Launched at the beginning of April, Fregenal said he believes the new program will result in better financial performance per transaction.

Agents 222
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How Probate Appraisals Really Work

Birmingham Appraisal

Probate Appraisals: Nail the Number, Avoid the Headaches Probate appraisals arent just another home valuation. Unlike a mortgage appraisal that tells a lender what the house is worth today, a probate appraisal often pegs value on a past date and must stand up to IRS and court scrutiny. In the post below, Ill break down exactly how these differences affect the processand why they matter to heirs, executors, and attorneys alike.

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Which state has the highest share of all-cash homebuyers? It might surprise you

Housing Wire

New American Funding (NAF) on Tuesday released data that identifies the top 10 U.S. states where homes are purchased entirely with cash. Leading the way for the highest share of all-cash home purchases was West Virginia at 41.4%. It was followed by New York (40.4%), Delaware (38.9%), Georgia (37.5%), Alabama (36.7%), South Carolina (35.2%), North Carolina (34.3%), Louisiana (34.1%), Maine (33.4%) and Ohio (31.5%).

Buyers 228
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Movoto acquired by mortgage lender Lower

Real Estate News

The home search site has been battling giants for years, Movotos president says. This will give it a boost and consumers a better end-to-end experience.

Mortgage 286
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Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral

Housing Wire

After lawsuit challenging the governments authority to extinguish stakes in securitized Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgages (HECMs) was recently decided in favor of Ginnie Mae , the plaintiff in the case has made good on its promise to appeal the decision. Texas Capital Bank (TCB) which initially filed the lawsuit against Ginnie Mae in 2023 has officially appealed last months summary judgment in the governments favor to the U.S.

Mortgage 206
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Seamless Integration: The Key to Modernizing Mortgage Servicing Operations

Appraisal Buzz

As regulatory expectations evolve, borrower demands shift and the digital transformation of financial services accelerates, mortgage servicers are being forced to re-examine not just the systems they use, but how those systems interact. In todays business climate, its absolutely necessary for servicers to leverage technology and platforms that offer seamless, real-time integration that drives operational efficiency, data security and desired customer experiences.

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Lower acquires real estate portal Movoto

Housing Wire

Multichannel mortgage lender Lower has struck a deal to acquire real estate portal Movoto from parent company OJO Labs , marking another industry transaction aiming at building an end-to-end homeownership platform. Financial terms of the deal were not disclosed. The acquisition will give Lowers retail networkcomprising 478 sponsored loan officers across 76 active branches as of Tuesdayaccess to Movotos nationwide digital footprint.

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Optimal Blue: Purchase Lock Volume Increased in April, as Refi Activity Fell Off

Appraisal Buzz

Total mortgage lock volume increased 3.2% in April compared with March, driven mainly by an uptick in FHA loans, according to Optimal Blues April 2025 Market Advantage report. Purchase locks increased 7.5% compared with the previous month, despite ongoing economic pressures, but were down 5% year-over-year. Refinance activity fell in response to rising interest rates.

Investors 195
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PRMG and Mesa collaborate on a co-branded credit card

Housing Wire

Mesa has announced an exclusive collaboration with Paramount Residential Mortgage Group (PRMG), introducing a co-branded credit card that rewards homeowner loyalty on mortgage payments. The partnership , which is now available to all qualified PRMG borrowers, allows card holders to earn rewards and Mesa Points on monthly mortgage payments and accelerated points on home-related and everyday purchases, with $0 in annual membership fees.

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Mortgage lender Lower acquires Movoto

Inman

The deal will give Lower greater reach, while also contributing to an "end-to-end homeownership" platform increasingly the holy grail of real estate technology.

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Judge strikes John Davis’s ‘scandalous’ filing in RICO suit against Keller Williams

Housing Wire

The ongoing legal battle between former Keller Williams CEO John Davis and the brokerage has been heating up. But when it comes to at least one issue in the lawsuit, the court has sided with Gary Keller , his firm, and other current and former KW executives. Last week, Magistrate Judge Hal R. Ray Jr. issued an order striking Davis demand for arbitration from the record.

Legal 363
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Judge strikes John Davis’ request from record, calling it ‘scandalous’

Inman

Judge called Davis demand for arbitration "redundant, immaterial, impertinent, and scandalous," but ruled the former CEO made reasonable attempts to arbitrate his case against Keller Williams.

Brokerage 157
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GOP tax bill draft draws praise from NAR

Housing Wire

Republicans in the House of Representatives unveiled a draft of their tax reform legislation on Monday, proposing a series of changes that could have broad implications for the real estate industry. These include several tax benefits related to homeownership and small-business operations that would be made permanent. The House Ways and Means Committee released the full text of its section of the bill one day before a formal markup is scheduled to begin.

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Barbara Corcoran’s NYC penthouse goes under contract in a day

Inman

Corcoran asked $12 million for the Fifth Ave duplex with sweeping Central Park views, and reportedly received multiple bids that pushed the contract price above asking.

Contracts 151