Housing Wire

APRIL 6, 2023

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. It was the expectation that the U.S. economy is slowing down. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. The survey focuses on conventional and conforming loans for borrowers who put 20% down and have excellent credit.

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Mortgage Investors Buyers Inventory 462

Real Estate News

APRIL 6, 2023

When you're building your business through networking, think beyond referrals. Make yourself indispensable by becoming a "resource directory" for clients.

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Agents Clients Business 256

Housing Wire

APRIL 6, 2023

Independent mortgage banks (IMB) and mortgage subsidiaries of chartered banks received a disappointing sales report card for 2022, which was led by a rapid rise in mortgage rates , low housing inventory and affordability challenges. These companies reported a net loss of $301 on each loan originated in 2022, down from an average profit of $2,339 per loan in 2021, according to the Mortgage Bankers Association (MBA).

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Valuation Mortgage Inventory Business 395

Real Estate News

APRIL 6, 2023

Mortgage applications have slowed even though rates fell for the fourth straight week, with the 30-year fixed-rate mortgage hitting 6.28%.

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Inventory Mortgage 246

Housing Wire

APRIL 6, 2023

The Federal Housing Finance Agency (FHFA) will host the Appraisal Subcommittee (ASC) in May for its second public hearing on appraisal bias. The housing regulator, led by Sandra Thompson, said it will look at the current regulatory framework for the industry , with a particular eye toward standards , qualification criteria, barriers to entry into the profession and appraisal practices.

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Appraisal Valuation Government Appraisal Process 383

Inman

APRIL 6, 2023

Zillow's latest market report reveals Black, Latinx and Asian American Pacific Islander renters spent $15 more per application than their white counterparts. Renters of color also face higher denial rates, with the typical Black and Latinx renter applying five times before being approved.

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Marketing 155

Inman

APRIL 6, 2023

Inman Contributor Rachael Hite wrote "I'm a real estate agent. You can't tell me what to wear on the job" back in February as a response to an agent-broker perspective article. She couldn't have predicted the outsized response that followed.

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Agents Real Estate Agent Real Estate Brokerage 148

Housing Wire

APRIL 6, 2023

The Mortgage Bankers Association (MBA) and state-affiliated regulator associations are asking the Consumer Financial Protection Bureau (CFPB) to withdraw a proposed rule requiring nonbank financial services providers to report certain public agency enforcement actions and court orders. The proposed rule, which the CFPB unveiled in December, conflicts with the CFPB’s responsibility to limit regulatory burden or to consider the costs and benefits its actions would impose, according to MBA.

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Law Tools Mortgage 383

Inman

APRIL 6, 2023

Expressing the values that guide your organization can feel like a team-building exercise or corporate technicality. In reality, though, it’s central to ensuring that you (and everyone in your business) understand what matters most.

Business 148

Business Brokerage Agents 148

Housing Wire

APRIL 6, 2023

The Federal Deposit Insurance Corporation (FDIC) has decided, in a “gradual and orderly” move, to sell a portfolio of $114 billion in mortgage-backed securities (MBS) it retained after seizing control of failed regional banks Signature Bank and Silicon Valley Bank (SVB). The face values of SVB’s portfolio is approximately $87 billion, while Signature Bank’s assets are valued at $27 billion.

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Insurance Investing Brokerage Mortgage 382

Inman

APRIL 6, 2023

Often, clients’ perceptions are more negative than reality, according to The Agency founder Mauricio Umansky. That means there’s an opportunity for you to be honest and transparent while also quelling their nerves, dispelling misconceptions and advising them on their transaction.

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Clients Marketing Brokerage Agents 148

Housing Wire

APRIL 6, 2023

Mortgage executive Michael Strauss and his company, Smart Rate Mortgage , have appealed a decision from an Illinois regulator to suspend their licenses to operate in the state. Meanwhile, the licenses remain active. Strauss is returning to the industry after being accused of abruptly shutting down lender Sprout Mortgage in July 2022 without paying former employees’ salaries and severance packages.

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Investors Mortgage Insurance Real Estate 379

Inman

APRIL 6, 2023

Providing the highest level of client service means understanding the ins and outs of real estate contracts. Broker Teresa Boardman breaks down the most problematic and error-prone contract elements for you.

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Contracts Real Estate Clients Agents 147

Appraiserblogs

APRIL 6, 2023

In response to the Federal Housing Finance Agency’s (FHFA) decision to allow Fannie Mae to expand its appraisal waiver program, the American Society of Appraisers (ASA) has released an op-ed by ASA’s Strategic Partnership Officer, John D. Russell, JD, criticizing this move. ASA believes that by expanding the appraisal waiver program and relying on data and models for mortgage lending instead of human interaction, Fannie Mae is leaving behind two very important aspects: safety and soundness as we

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Appraisal Property Appraisal Lending Finance 129

Inman

APRIL 6, 2023

REdistribute aims to aggregate and distribute data for MLSs and participating brokers, sell it to institutions — including government-sponsored entities — and share the revenue with brokers.

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Government Realtors Brokerage Agents 147

Eyes on Housing

APRIL 6, 2023

Earlier this year, we published a post highlighting a continuing high reliance of construction on immigrant workers post pandemic. Immigrants make one in four construction workers. The share is significantly higher, reaching 30%, among construction tradesmen. In some states, reliance on foreign-born labor is even more pronounced with immigrants comprising close to 40% of the construction workforce in California and.

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Construction 105

Inman

APRIL 6, 2023

Ultimately, any agent who treats themselves like a business from day one will be able to establish a solid foundation for their real estate career and set themselves up for long-term success in this cutthroat industry.

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Business Real Estate Agents 147

GoForrmz

APRIL 6, 2023

Support your sustainability initiatives with digital forms and data collection In today's world, sustainability has become a top priority for businesses of all sizes and digital forms stand out as a noteworthy aspect among the many ways that companies can contribute to sustainability efforts. GoFormz is a mobile form company that provides businesses with a user-friendly interface that allows users to turn their paper forms into identical, digital versions.

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Transportation Business Modernization Tools 78

Inman

APRIL 6, 2023

Dive into this three-part series with Katie Lance to boost your Instagram presence and gain takeaways to help you reach new audiences and grow your brand.

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Marketing 148

Mortgagebroker News

APRIL 6, 2023

A cooler climate over the past year has seen a change of habits from mortgage professionals and their clients alike

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Mortgage Clients Marketing 61

Inman

APRIL 6, 2023

The key to using AI for real estate is being educated on the dangers of cybercrime and the cyber threats it creates while also protecting clients.

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Real Estate Clients Investing Agents 146

BiggerPockets

APRIL 6, 2023

I recently asked an agent what they were doing for lead generation. Zillow was one of their sources. Here’s how the conversation went with one prospect.

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Agents Investors Business Real Estate 56

Inman

APRIL 6, 2023

As a real estate business owner, these agreements can restrict your ability to practice your trade and limit competition in the marketplace.

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Real Estate Business 145

BiggerPockets

APRIL 6, 2023

Real estate scams and Ponzi schemes have been around for centuries, but with the advent of the internet, social media, and digital banking, more and more scams and schemes have […]

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Real Estate Marketing 52

Inman

APRIL 6, 2023

The acquisition of Launch Real Estate expands Compass' footprint at a pivotal time for the company and the industry.

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Brokerage Agents Real Estate 155

Mortgagebroker News

APRIL 6, 2023

Survey reflects continuing affordability challenges for would-be homebuyers

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Inman

APRIL 6, 2023

Find out how these three agents offer impeccable service and extraordinary results to clients in New York City and Miami.

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Clients Agents 147

Mortgagebroker News

APRIL 6, 2023

"We can do [a lot of things] that everybody else can’t do for the most part"

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Inman

APRIL 6, 2023

Someone will have their best year ever in real estate this year. Why can’t it be you? By understanding and acting on these rules of success, your business’s growth is inevitable.

Business 124

Business Real Estate Agents 124

Mortgagebroker News

APRIL 6, 2023

New data suggests market is "stabilizing", says the Ottawa Real Estate Board

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Housing Market Marketing Real Estate 65

Inman

APRIL 6, 2023

Want to get all the way back to basics this year? According to team leader Adam Hergenrother, it starts when you channel the energetic you from your first couple of years in real estate.

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Real Estate 113

Mortgagebroker News

APRIL 6, 2023

Updated regulations will toughen rules against renovictions

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Government 68

Mashvisor

APRIL 6, 2023

Since Airbnb is a seasonal business, you must be flexible with your rates. To maximize your short term rental income, use dynamic pricing Airbnb.

Business 36

Business Tools Investors Real Estate 36

Mortgagebroker News

APRIL 6, 2023

The labour market remains robust despite higher interest rates

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Marketing 64