Housing Wire

JULY 12, 2023

Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Deran Pennington, who spent the last 15 years at Movement and until June 2023 held a national sales director position, is joining Summit as a divisional leader in Charlotte. Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined

Retail 370

Retail Development Finance Lending 370

Real Estate News

JULY 12, 2023

T3 Sixty has sent an open letter to the real estate industry, urging everyone to take action now to get ahead of potential rulings in commissions lawsuits.

Agents 246

Agents Real Estate 246

Housing Wire

JULY 12, 2023

You know what loan officers and real estate agents love almost as much as cashing a commission check? Complaining about other loan officers and real estate agents. And they have good reasons to do so. Talk to a top producer in either field and he or she will tell you: the biggest problem their respective industry faces is that there are far too many sloppy, inexperienced, yee-haw types who, I’m sorry, just shouldn’t be in this business!

Real Estate Agent 370

Real Estate Agent Real Estate Agents Loan Officers 370

George Dell

JULY 12, 2023

Workfile is required, (or not?). This part 7 of a multipart look at issues in valuation standards. Editor’s Note: This is Standards, part 3.7 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. USPAP WORKFILE The “workfile” concept works well as an effort at documenting an […] The post Workfile or Integration?

Valuation 195

Valuation Appraisal 195

Housing Wire

JULY 12, 2023

United Wholesale Mortgage (UWM) on Wednesday announced two new home-affordability mortgage products designed to help underserved borrowers become homeowners. UWM, America’s top mortgage lender, is offering Special Purpose Credit Programs (SPCP) for Fannie Mae ‘s HomeReady and Freddie Mac ’s BorrowSmart Geo-Target programs. These offerings will be available in select metro areas including Detroit, Baltimore and Chicago for Freddie Mac’s BorrowSmart and Detroit, Baltimore, Chicago, Atl

Finance 370

Finance Law Lending Development 370

Real Estate News

JULY 12, 2023

Mark Willis, who previously served as both president and CEO at KW, is rejoining the company to assist with its market center growth.

Marketing 242

Marketing 242

Real Estate News

JULY 12, 2023

After Howard Hanna announced it was dropping IDX, the listings feed service has been a hot topic. But how does it work, and why does it matter?

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Housing Wire

JULY 12, 2023

As mortgage rates reached their 2023 peak , mortgage applications rose slightly but remained very low last week. For the week that ended July 7, mortgage applications rose 0.9% from the prior week , according to data from the Mortgage Bankers Association. “Incoming economic data continue to send mixed signals about the economy, with the overall impact leaving Treasury yields higher last week as markets expect that the Federal Reserve will need to hold rates higher for longer to slow inflation.

Contracts 368

Contracts Mortgage Marketing 368

Real Estate News

JULY 12, 2023

The Consumer Federation of America suggests that new and less committed agents are bad for the industry and "deprive" their full-time peers of commissions.

Agents 205

Agents 205

Housing Wire

JULY 12, 2023

Purchase loans continue to claim a larger share of the origination pipeline as refinance opportunities dwindle, according to Black Knight ’s originations market monitor report. In June, purchase locks made up 88.4% of the month’s market mix, a record high. Purchase lock counts were down 31% year over year and 29% compared to pre-pandemic levels in 2019.

Housing Market 364

Housing Market Marketing Lending Mortgage 364

Inman

JULY 12, 2023

A year and a half after Keller Williams legally blocked eXp World Holdings' attempt to recruit Mark Willis, the former KW CEO has returned to his roots in a new consulting role, Inman has learned.

Legal 148

Legal Realty Brokerage Agents 148

Housing Wire

JULY 12, 2023

Mike Cagney’s Figure Technologies announced a collaboration with CMG Financial , CrossCountry Mortgage , Fairway Independent Mortgage and The Loan Store as private-label partners. The collaboration with several of the country’s top independent mortgage banks is aimed at getting Figure’s home equity line of credit ( HELOC ) products in front of homeowners who have seen equity grow in recent years.

Technology 360

Technology Lending Mortgage Investors 360

Inman

JULY 12, 2023

The deal raises the amount homeowners can exempt from the taxable value of their properties from $40,000 to $100,000, ensuring Texas will remain among the fastest growing states in the U.S.

Property Taxes 148

Property Taxes Marketing Mortgage 148

Housing Wire

JULY 12, 2023

BlackFin Group announced on Wednesday the appointment of Christopher Call as the principal consultant on the BlackFin Group Professional Services team. In this new role, Call will assume leadership of the expanding team. The professional services team primarily focuses on providing assistance to lenders and mortgage technology vendors in implementing new systems, conducting quality assurance testing, facilitating requirements gathering training, managing change, configuring systems, handling sys

Technology 355

Technology Training Clients Development 355

Inman

JULY 12, 2023

The typical home value breached $350,000 for the first time in June, a new peak in typical values according to a report by Zillow. Redfin shows nearly 92 percent of homeowners have a mortgage rate below 6 percent.

Home Value 148

Home Value Mortgage Marketing 148

Housing Wire

JULY 12, 2023

Inflation cooled significantly last month, representing arguably the most promising news for the housing industry since the Federal Reserve began instituting aggressive price control measures 16 months ago. But it’s just one report, and the Fed is likely to stay the course until signs point to a ‘break’ in the labor market, economists said.

Insurance 347

Insurance Construction Tools Realtors 347

Eyes on Housing

JULY 12, 2023

Consumer prices in June saw a continued deceleration, with the smallest year-over-year gain since March 2021. Over the past twelve months, inflation has been consistently decelerating. Despite a slowdown compared to the previous month, the shelter index (housing inflation) continued to be the largest contributor to both headline and core inflation, accounting for over 70% of the increase in headline.

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Inman

JULY 12, 2023

Despite inventory hitting a 23-year low, the average Realtor ended last year on a solid note, according to the National Association of Realtors’ latest Member Profile survey, released Tuesday.

Real Estate Agent 146

Real Estate Agent Real Estate Realtors Agents 146

Chicagoland Appraisal Blog

JULY 12, 2023

Welcome to our blog post dedicated to unraveling the pronunciation of a name that has left many puzzled: Tsiaousis. As a home appraiser serving the vibrant city of Chicago, Mr. Tsiaousis is well-known for his expertise, but the pronunciation of his name often leaves clients scratching their heads. Fear not, for we are here to guide you through the phonetic spelling and help you confidently say Tsiaousis.

Clients 113

Clients Appraisal 113

Inman

JULY 12, 2023

Foreclosures are still affecting a tiny slice of the nation's home inventory. Here are the markets where you're most likely to find one, according to a new report from Attom.

Inventory 146

Inventory Marketing 146

Eyes on Housing

JULY 12, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending July 7th, total mortgage activity increased 0.9% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose 22 basis points to 7.07%. The FRM rate has risen 30 basis points over the past month and topped 7% for the first time since November of 2022. The.

Mortgage 78

Mortgage Lending Finance 78

Inman

JULY 12, 2023

The 120-agent brokerage will now gain access to LeadingRE's international network of 4,700 offices and 136,000 agents across 70 countries, plus the company's learning programs and marketing resources.

Brokerage 143

Brokerage Agents Marketing Real Estate 143

Birmingham Appraisal

JULY 12, 2023

How Agents Can Use The Law of Diminishing Return When Pricing a Listing As a real estate appraiser with over 30 years of experience, I have witnessed firsthand the critical role that accurate pricing plays in the success of real estate transactions. Pricing a property correctly from the outset is crucial for attracting potential buyers and maximizing the seller’s return on investment.

Real Estate Agent 84

Real Estate Agent Law Real Estate Bracketing 84

Inman

JULY 12, 2023

Less than a year after becoming publicly available, tools like ChatGPT and DALL-E have inspired brokers to explore — and integrate — artificial intelligence, a rigorous process of trial and error, they told Intel.

Real Estate 143

Real Estate Tools Realty Technology 143

BiggerPockets

JULY 12, 2023

When a viral tweet showed that Airbnb revenue was falling across top markets, investors started getting nervous. But was the data real? Or is everything is just fine? Read the learn the full story.

Investors 69

Investors Marketing Investing Real Estate 69

Inman

JULY 12, 2023

While investors expect one more Fed rate hike this month, mortgage rates are already retreating on expectations that the Federal Reserve could reverse course next year.

Mortgage 146

Mortgage Investors Marketing 146

Lamacchia Realty

JULY 12, 2023

After three years as an administrative assistant going above and beyond for Lamacchia Realty REALTORS®, Sydney Tarby has officially been promoted to the Woburn Office Manager. Since she joined, Sydney has impressed everyone she has worked with, always willing to go the extra mile for her agents and their clients. As office manager, Sydney will oversee all day-to-day operations of the Woburn Office including providing immense support for agents and staff, recommending technology and system improv

Realty 69

Realty Realtors Training Clients 69

Inman

JULY 12, 2023

Find out how a well-crafted YouTube plan underscores the power of innovation in real estate marketing for both the individual agent and the service they provide.

Marketing 148

Marketing Real Estate Agents Technology 148

BiggerPockets

JULY 12, 2023

Are you considering a career in real estate investment trusts? We talk about the various implications and why this may be a good (or bad) career for you!

Real Estate 68

Real Estate Investing 68

Inman

JULY 12, 2023

Housing costs were again the largest contributor to inflation, accounting for more than 70 percent of the annual increase of the Consumer Price Index, according to new Bureau of Labor Statistics data.

Marketing 140

Marketing 140

San Jose Real Estate

JULY 12, 2023

Homeowners insurance is once again in the news, and home owners (as well as those actively wanting to buy or sell a home) need to know how this may impact real estate transactions. This type of coverage is also called Fire Insurance, though it does cover losses beyond just those caused by fire.

Insurance 55

Insurance Real Estate 55

Inman

JULY 12, 2023

As it continues to sign private label partners for its blockchain-powered loans, Figure says it's provided more than $6 billion in HELOCs to roughly 85,000 households.

Mortgage 142

Mortgage Technology 142

BiggerPockets

JULY 12, 2023

Nate Shields and Troy Zimmerman had a straightforward goal: get to one hundred rental units in ten years.

Real Estate 62

Real Estate 62

Inman

JULY 12, 2023

A number of insurance providers have left Florida over the last year, apparently driven away thanks to extreme weather and a challenging legal landscape.

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Insurance Legal 147