Housing Wire

AUGUST 9, 2023

UWM Holdings Corporation , the parent of United Wholesale Mortgage (UWM), was another mortgage lender that returned to profitability in the second quarter of 2023, just like its primary competitor Rocket Companies and the origination segments of Mr. Cooper and Pennymac. UWM’s performance was boosted by an increase in the fair value of mortgage servicing rights ( MSRs ) and higher origination volumes, despite lower margins from April to June, per documents filed with the Securities

Training 370

Training Mortgage Technology Investing 370

Sacramento Appraisal Blog

AUGUST 9, 2023

New construction has been on fire, but the resale market has been cold. It’s been stunning to see the difference in volume between both markets. Let’s talk about the trend and look deeply into what’s going on with concessions. Scroll quickly by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 8/18/23 Market & Mimosas (register […] The post A hot & cold housing market first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Housing Market 273

Housing Market Marketing Construction Real Estate 273

Housing Wire

AUGUST 9, 2023

With home sale transactions down, fraudsters are turning to mortgage payoff fraud to secure bigger payouts. Mortgage payoff fraud occurs when a title company mistakenly sends a mortgage payoff to a fraudulent bank account after receiving wiring instructions that appear to be from the mortgage servicer. The instructions, however, are actually from fraudsters.

Mortgage 370

Mortgage Real Estate Sellers Technology 370

George Dell

AUGUST 9, 2023

How do you measure “close enough” to a market value? We have standards you know! Editor’s Note: This is Standards, part 3.10 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. Valuation is numbers. Some numbers are numbers, like building SqFt. Other numbers are exact like […] The post How Close is Close Enough?

Market Value 195

Market Value Valuation Marketing Appraisal 195

Housing Wire

AUGUST 9, 2023

The advent of artificial intelligence (AI) has been sending shockwaves across nearly every industry, and real estate is no exception. While our industry is notorious for its lethargic adoption of new technologies, it is inevitable that AI will reshape many of the traditional and archaic processes that exist today. Those unwilling to embrace and adopt these cutting-edge tools will likely be left behind.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Clients 370

Real Estate News

AUGUST 9, 2023

Despite a net loss of just over $4M, the company increased revenue by 65% and reported EBITDA profits for the first time, while also doubling agent count.

Agents 206

Agents 206

Real Estate News

AUGUST 9, 2023

A new analysis of federal data found that the racial home appraisal gap has narrowed since the formation of the PAVE task force.

Appraisal 218

Appraisal 218

Housing Wire

AUGUST 9, 2023

The last few years have been a proving ground for lenders in a major way. The market has swung from record-low mortgage rates and high purchase volumes to a refi boom to lower volumes and rate increases alongside inflation. Lenders have had to adapt quickly not only to the market conditions but to adjust their company culture to survive, implementing policies like remote work.

Investing 370

Investing Mortgage Marketing Business 370

Inman

AUGUST 9, 2023

Every broker wants to recruit top agents. But what works when transactions are scarce? Two real estate professionals shared their thoughts Wednesday at Inman Connect Las Vegas.

Brokerage 147

Brokerage Real Estate Marketing Agents 147

Housing Wire

AUGUST 9, 2023

Despite a 18% annual decline in purchase title orders opened per day in Q2 2023, Fidelity National Financial executives believe housing demand remains strong. “We’ve seen solid sequential growth with residential purchase open orders per day up in both Q1 and Q2 and even holding strong in the month of July, which is not a typical since orders usually crest heading into the back half of the year,” Mike Nolan, Fidelity’s CEO, told investors and analysts on the firm’s second quarter earnings call We

Insurance 370

Insurance Housing Market Inventory Real Estate 370

Inman

AUGUST 9, 2023

"There needs to be a little more respect" between real estate agents and loan officers, panelists Padi Goodspeed, Kathy Helbig-Strick and Katie Sweeney discussed at Inman Connect Las Vegas.

Loan Officers 148

Loan Officers Agents Real Estate Agent Real Estate 148

Housing Wire

AUGUST 9, 2023

Mortgage applications fell for the third consecutive week as the 30-year fixed mortgage rate rose to its highest level since November 2022 at 7.09%. For the week that ended August 4, mortgage applications fell 3.1% from the prior week , according to data from the Mortgage Bankers Association. Last week, treasury yields rates and mortgage rates rose.

Mortgage 370

Mortgage Contracts Government Inventory 370

Inman

AUGUST 9, 2023

At Inman CEO Connect, Russ Cofano, James Dwiggins and Greg Robertson debated the changes that agents and brokers may see as a result of homeseller lawsuits and government interference.

Government 148

Government Agents Buyers Brokerage 148

Housing Wire

AUGUST 9, 2023

Fast-growing The Real Brokerage posted a $3.97 million net loss during the second quarter of 2023, but revenues shot up from a year ago. “During the second quarter, Real once again delivered best-in-class growth with our agents closing a record number of transactions,” said Tamir Poleg , the CEO of Real. He described the second quarter as an inflection point for Real, as the company achieved adjusted EBITDA profitability earlier than anticipated.

Brokerage 370

Brokerage Agents Lending Mortgage 370

Inman

AUGUST 9, 2023

Deep into the nitty-gritty of what it's like to be a brokerage in this market, at CEO Connect - George Canciobello, Kymber Menkiti and moderator Clelia Peters talked what it takes to keep talent happy today.

Agents 148

Agents Brokerage Marketing Real Estate 148

Eyes on Housing

AUGUST 9, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending August 4th, total mortgage activity decreased 3.1% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose 16 basis points to 7.09%. The FRM rate has fluctuated between 6.9% and 7.1% over the past month.

Mortgage 148

Mortgage Marketing 148

Inman

AUGUST 9, 2023

Judge Patti Saris, of the U.S. District Court in Massachusetts, said she "loved" the commission rule changes the deal includes, but didn't think the litigation fund was fair for plaintiffs.

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Appraiserblogs

AUGUST 9, 2023

It is a fact that 85% of appraisers are white with the majority of them being middle-age white men, although that is rapidly changing. The bias argument presupposes they are inherently more biased than women, Hispanic, African American, Asian, Pacific-islander, etc. We simply don’t have enough data to verify whether this is true or not. Therefore, as the argument goes, white appraisers must be biased.

Appraisal 114

Appraisal 114

Inman

AUGUST 9, 2023

Loan officers and assistance programs are just 2 ways to close the knowledge gap, Zillow Senior Economist Orphe Divounguy and Rocket President Tim Birkmeier said Wednesday at Connect.

Loan Officers 148

Loan Officers Buyers Real Estate Mortgage 148

GoForrmz

AUGUST 9, 2023

The major challenges encountered before using GoFormz It’s a night and day difference when companies switch from paper to digital. Mobile forms are on the rise, and for good reason. With platforms like GoFormz, companies report significant improvement in productivity. But don’t just take our word for it, take a look at the numbers. We conducted a survey of our customers' experience going from paper to digital.

Technology 78

Technology Business Construction Government 78

Inman

AUGUST 9, 2023

"This is not a time to stabilize. If you stabilize in a market like now you're going to fall behind. You have to grow," Redfin's Jason Aleem said at Inman Connect Las Vegas Wednesday.

Marketing 148

Marketing Real Estate 148

Lamacchia Realty

AUGUST 9, 2023

Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for July 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! July 2023 Winners of the Top 10 for the Company are: Shauna Fanning has a passion and a drive for customer service and customer relations and has over 17 years in the field.

Realtors 63

Realtors Realty Real Estate Clients 63

Inman

AUGUST 9, 2023

Fathom logged a net loss of $4.3 million during the second quarter, an improvement over the $5.7 million loss logged during the first quarter, according to its earnings report released Wednesday.

Realty 147

Realty Agents Brokerage 147

Lamacchia Realty

AUGUST 9, 2023

NO BASEMENT, NO GARAGE, NO PROBLEM: 7 PRACTICAL HOME STORAGE HACKS The idea of buying a home without a garage or basement may scare a lot of people. Many buyers think about all that extra storage space they would get with a basement or a garage, especially for outdoor accessories. However, there are other storage solutions to help ease the anxiety of where the kid’s sports equipment or gardening tools are going to stay.

Decorating 63

Decorating Architecture Buyers Realty 63

Inman

AUGUST 9, 2023

The key to success in attracting and retaining good agents lies in large part on a broker's mindset, speakers said Wednesday at Inman Connect Las Vegas. And adopting a "we" instead of a "me" attitude.

Agents 147

Agents Realty Real Estate Brokerage 147

BiggerPockets

AUGUST 9, 2023

The multifamily market has been on the brink for a while, but new data shows a dire outlook through the end of 2024. Here's what you need to know.

Real Estate 69

Real Estate Investors Marketing Housing Market 69

Inman

AUGUST 9, 2023

The CEO tract at Inman Connect Las Vegas on Tuesday wrapped with proptech adviser and strategist Mike DelPrete telling an audience of his peers that legacy brokerages are facing an “innovator’s dilemma.

Brokerage 147

Brokerage 147

Mortgagebroker News

AUGUST 9, 2023

Prime Minister Justin Trudeau recently argued that local governments are the authorities best situated to address the housing crisis

Government 69

Government 69

Inman

AUGUST 9, 2023

At ICLV, the social media consultant offered a prescription for using AI and ChatGPT in your real estate business, from marketing to customer service to automated lead gen.

Real Estate 148

Real Estate Business Marketing Technology 148

Mortgagebroker News

AUGUST 9, 2023

The regulator says brokers and agents have a responsibility to act as strongly as possible against fraudulent practices

Agents 68

Agents 68

Inman

AUGUST 9, 2023

At a time when demand for loans has shriveled, Polygon Research CEO Val Buresch argued at Inman Connect Las Vegas on Wednesday that open communication will help people take action.

Mortgage 143

Mortgage 143

Mortgagebroker News

AUGUST 9, 2023

The federal government is targeting the entry of 500,000 new arrivals on an annual basis by 2025

Government 68

Government 68

Inman

AUGUST 9, 2023

An Intel analysis of the National Association of Realtors' nonprofit tax filings between 2004 and 2021 reveals just how much the trade group pays its top executives and leadership team.

Realtors 146

Realtors Agents 146

Mortgagebroker News

AUGUST 9, 2023

Would-be buyers in many major cities might not find the median income sufficient to make a purchase

Marketing 61

Marketing Buyers 61