Housing Wire
MAY 16, 2024
United Wholesale Mortgage (UWM) has launched a new service to handle all the title work for its brokers on refinancings. As a result, brokers no longer need to deal with a title company or settlement agent to close a refi. The top U.S. mortgage lender announced the service on Thursday during an annual meeting with its broker partners in Pontiac, Michigan.
Real Estate News
MAY 16, 2024
Squint and you can see a bright side as housing starts bounce back and mortgage rates drop a bit (but stubbornly stay above 7%).
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Housing Wire
MAY 16, 2024
Across all states, California poses the highest risk of bankruptcy for Americans ages 65 and older, according to a study released by personal finance website Moneywise. The study analyzed 11 factors to determine which states put elderly U.S. citizens at the greatest risk of bankruptcy. It determined each state’s risk of bankruptcy by assigning a risk score on a scale of 100 based on factors like poverty rates, debt-to-income ratios, health care expenses and overall cost of living.
Real Estate News
MAY 16, 2024
Will Homes.com sell buyer agent leads? “Never,” says Andy Florance, who believes all the portals will eventually move to “your listing, your lead.
Housing Wire
MAY 16, 2024
Proptech firm RealReports unveiled a new feature for its AI-powered assistant, Aiden, the company announced on Thursday. The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. Multimodal AI technology allows advanced artificial intelligence systems to process and integrate various types of data inputs — including text, images and audio.
Appraisal Buzz
MAY 16, 2024
The average rate for a 30-year fixed-rate mortgage fell to 7.02% this week, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). A year ago at this time, the average rate for a 30-year was 6.39%. “Mortgage rates decreased for the second consecutive week,” says Sam Khater, chief economist for Freddie Mac, in a release. “Given the news that inflation eased slightly, the 10-year Treasury yield dipped, leading to lower mortgage rates.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
MAY 16, 2024
Snapdocs eVault is now integrated with SitusAMC ’s ProMerit platform, allowing warehouse lenders to manage e-note transactions seamlessly and securely from within their warehouse lending system of record. “Today, e-note adoption by mortgage originators is just under 10 percent, and projections indicate it will reach nearly 30 percent of all new loan originations within a few years,” says Camelia Martin, vice president of e-mortgage strategy at Snapdocs, in a release.
Housing Wire
MAY 16, 2024
Digital closing provider Snapdocs is partnering with real estate technology provider SitusAMC to integrate the Snapdocs eVault to SitusAMC’s ProMerit platform, a warehouse lending technology tool, the companies announced on Thursday. This collaboration allows warehouse lenders to seamlessly and securely manage eNote transactions within their warehouse lending system of record.
Appraisal Buzz
MAY 16, 2024
Forty-four percent of recent home buyers have had to take on additional debt to maintain their lifestyle, and 43% have struggled to make mortgage payments on time, according to Clever Real Estate’s American Home Buyer Report. Further, 47% of recent home buyers say they feel in over their head financially since purchasing their home. About 85% of buyers compromised on their priorities when purchasing a home, according to the report.
Housing Wire
MAY 16, 2024
A study commissioned by the U.S. Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. The study, commissioned by the HUD PD&R and compiled by analytics firm SP Group LLC and its subcontractor Econometrica Inc. , assessed three separate elements of the HECM program’s effectiveness from 2000 to 2020 — including borrower impacts, financ
Appraisal Buzz
MAY 16, 2024
Pacific Investment Management Company LLC (PIMCO) is the winning bidder on three pools of reperforming mortgage loans recently auctioned by Fannie Mae. Reperforming loans are loans that have been or are currently delinquent but have reperformed for a period of time. The deal, announced on April 16, included the sale of 6,484 loans totaling $1.47 billion in unpaid principal balance (UPB).
Housing Wire
MAY 16, 2024
Just weeks after announcing it reached a nationwide settlement agreement in the commission lawsuits , HomeServices of America is undergoing some major changes to its leadership team. Last week, Christy Budnick announced that she will be stepping down as CEO of HSF Affiliates , the franchisor of Berkshire Hathaway HomeServices , effective June 3. In a message to network leaders that was obtained by HousingWire , Budnick stated, “The last three years have been the best of my professional car
Real Estate News
MAY 16, 2024
Watch the conversation with NorthstarMLS’s Tim Dain as he discusses how technology can work better for agents, and the not-so-simple outcomes of the NAR deal.
Housing Wire
MAY 16, 2024
Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. One of the first articles HousingWire Lead Analyst Logan Mohtashami wrote this year was titled, “The savagely unhealthy housing market is over.” That was back in February. Then, just three months later, he posed the question, “Is the savagely unhealthy housing market back?
Real Estate News
MAY 16, 2024
Christy Budnick is out after three years as HSF Affiliates CEO; Gino Blefari to take on dual CEO roles. Plus, a new VP of operations at United.
Housing Wire
MAY 16, 2024
With the latest industry turmoil around compensation, steering and more due to lawsuits and the investigation by the Department of Justice , those outside the housing industry would assume the benefit to listing a home on the MLS would be negligible. They would be wrong. The MLS is crucial for home sellers , even in a strong seller’s market, as it provides significant financial benefits and access to more potential buyers, according to a recent study by Bright MLS called “On-MLS Stud
Inman
MAY 16, 2024
May 6 remarks from Anthony Lamacchia spurred at least one NAR midyear attendee to leave the MLS Forum in protest, others to hurl steering accusations, and NAR's senior counsel to intervene.
Housing Wire
MAY 16, 2024
Editor in Chief Sarah Wheeler sat down with Sridhar Sharma, executive vice president and chief information officer at Mr. Cooper , to talk about how the company is using machine learning and artificial intelligence to increase productivity while making their customers happier. Sarah Wheeler: You came into the mortgage space about nine years ago after leading teams at NTT Data and Infosys.
Inman
MAY 16, 2024
Unique, engaging and highly specific content can make you a trusted resource for buyers and sellers locally and regionally, Chicago broker David Marden writes.
Empire Appraisal Group
MAY 16, 2024
Should You Renovate Before Selling? Before launching renovation projects to sell a home, consider the cost benefits. Look at your home as if you were buying it and decide if it’s turnkey. NEW YORK – When selling your house, one of the most common things to worry about is whether you should renovate the home before listing it. Sadly, the answer isn’t as straightforward as you might think — several variables can influence your decision, and it’s essential to do your research.
Inman
MAY 16, 2024
For real estate agents, highlighting diverse financing options is one of the easiest ways to attract more traffic to their listings. Clever's Luke Babich shares a few programs and options to know about.
JMV Lending
MAY 16, 2024
Whenever an appraisal comes in under contract price, we work quickly to consider all options with both agents and buyers, and we can usually resolve appraisal issues within a day if everyone is responsive. The post Low Appraisals – 6 Options When Appraisals Come In Low appeared first on JVM Lending.
Inman
MAY 16, 2024
The rollout of the latest iteration of ChatGPT, calling itself Alex 4o, allows you and your business to do more than you ever thought possible. Author and trainer Bernice Ross shares the latest enhancements.
BiggerPockets
MAY 16, 2024
Are you tired of paying someone else’s mortgage? Then you’re in the right place.
Inman
MAY 16, 2024
Shock-Gard CEO Matthew Bullock and his wife are the buyers of the spec home. The sale bests a previous record set last month by Brazilian race car driver Claudio Dahruj's home purchase.
Mortgagebroker News
MAY 16, 2024
Partnership aims to enhance building material supply chain amidst housing slowdown
Inman
MAY 16, 2024
The Agency repped the building’s sales for one year before SERHANT. stepped in to take the reins on the 21-unit UWS boutique luxury residence known as 'Fifteen.
Mortgagebroker News
MAY 16, 2024
Affordability concerns are continuing for many buyers and borrowers
Inman
MAY 16, 2024
Lawsuit alleges search results on Mortgage Matchup are "designed to steer borrowers to brokers who funnel nearly all their business to UWM, regardless of whether UWM offers the most competitive loan terms.
BiggerPockets
MAY 16, 2024
Financial independence by the age of twenty-five?!
Inman
MAY 16, 2024
S&S Christie's International Real Estate, was born through a collaboration with S&S Group, a conglomerate of ultra-luxury companies that span the automotive, timepiece, fashion, art and, now, real estate sectors. Their first office will open in Saigon in June.
Mortgagebroker News
MAY 16, 2024
Lender expands services to independent brokers
Inman
MAY 16, 2024
Find out how this chief sales officer oversees operations for 1,300+ agents and 10 managing brokers across 32 offices along the east coast of Florida.
BiggerPockets
MAY 16, 2024
Which will make you richer: real estate vs. stocks?
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