Fri.May 12, 2023

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CFPB makes its constitutionality case to the Supreme Court

Housing Wire

The Consumer Financial Protection Bureau (CFPB) filed a brief this week with the U.S. Supreme Court contending that its funding source does not violate the appropriations clause of the U.S. Constitution, despite a recent Fifth Circuit Court of Appeals ruling stating otherwise. With its brief, the CFPB is seeking to overturn the Fifth Circuit’s decision in Community Financial Services Association of America Ltd. v.

Law 401
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Compass to launch network aimed at relocating medical professionals

Inman

Moving Medicine Partners will launch as a national network of agents later this month with St. Louis relocation specialist Zoe Cangas leading the new initiative, Inman has learned exclusively.

Agents 157
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Home Point, soon to be defunct, delivers $28M loss in Q1

Housing Wire

Home Point Capital reported another quarterly loss on Friday morning, just two days after announcing that it is being sold to Mr. Cooper Group for $324 million in cash. The transaction will result in the company shutting down in the coming months. In the first quarter, Home Point’s origination and servicing businesses were in the red amid declining production volumes and a negative change in the fair value of its mortgage servicing rights (MSR).

Buyers 381
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The agent’s guide to testimonials and reviews

Inman

Word of mouth (the digital kind) comes from online feedback in the form of reviews and testimonials. Find out how to gather and use good words from your past clients to attract your next ones.

Clients 157
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Lending Standards Tighten for Residential and Commercial Real Estate Loans in Q1 2023

Eyes on Housing

According to the Federal Reserve Board’s April 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the first quarter of 2023—banks reported that lending standards tightened for most residential real estate (RRE) and commercial real estate (CRE) loan categories. Demand for RRE and CRE loans weakened across all categories over the quarter.

Lending 142
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Consumers finally get it: Mortgage rates are probably going down

Inman

A more optimistic outlook of where mortgage rates are headed drives the largest increase in Fannie Mae's Home Purchase Sentiment Index in more than two years.

Mortgage 161

More Trending

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Keller Williams’ global footprint soars as domestic sales slide 27%

Inman

Continued market volatility pushed Keller Williams' first-quarter U.S. and Canadian transaction sides down 27.1 percent annually. Meanwhile, its KW Worldwide operations soared with double-digit growth, according to its Q1 earnings report.

Marketing 157
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Shane Bronson Promoted to Regional Vice President – Florida

Lamacchia Realty

Wednesday May 10 th 2023, Jackie Louh the Chief Operating Officer of Lamacchia Realty announced at monthly company updates that Shane Bronson has officially been promoted to Regional Vice President of Florida for Lamacchia Realty and maintain his current title of VP of Relocation. This also lands Shane an official spot on the company’s Executive team.

Realty 67
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NAR votes to require fair housing training for all 1.5M Realtors

Inman

Members will be required to complete two hours of fair housing training every three years beginning in 2025 following a vote Thursday by the National Association of Realtors' board of directors.

Training 157
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Rookie Reply: Real Estate “Travel Hacks” We Use to Score FREE Vacations

BiggerPockets

Using your real estate business to fund your DREAM vacation—with all or most expenses paid!?

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Spring market falls short, but low inventory is driving up competition

Inman

New listings were down 19 percent during the four-week period ending May 7, while pending home sales were down 16 percent, according to a new report from Redfin

Inventory 157
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Think Like The Greeks: Build Your Investing Philosophy With Stoicism

BiggerPockets

Learn to embrace the wisdom of the ancient Greeks can help you navigate the complexities of the modern real estate market with greater clarity and insight.

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Help first-time buyers (and their pets) find a fur-ever home

Inman

Increases in pet ownership mean that many of your buyers are focusing on providing the right type of home environment for their fur-babies.

Buyers 157
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Nicole Vermillion Featured in Two WBZ News Segments

Lamacchia Realty

This has been a big week for the Braintree Office’s own Nicole Vermillion! This week, Nicole has been featured in TWO different segments on WBZ News. In the first segment, which aired on May 4th, Nicole discussed gas stoves in new construction homes. Then on May 10th, Nicole spoke in another segment about the current real estate market and mortgage rates.

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10 things that are killing deals in 2023 (and how to avoid them)

Inman

This market will be another badge of honor we can add to our resume, and will position us to be the best possible advisors to clients and prospects.

Clients 157
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CMHC report highlights borrower challenges during current mortgage experience

Mortgagebroker News

Market conditions in 2022 had a 'big impact' on the overall experience

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Take care of your money and it’ll take care of you: The Download

Inman

Each week on The Download, Inman’s Christy Murdock takes a deeper look at the top-read stories of the week to give you what you’ll need to meet Monday head-on. This week: NAR's membership fee hike and balancing your budget.

Brokerage 156
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What's next for a sluggish lumber market?

Mortgagebroker News

The dramatic price fluctuations of the pandemic are nowhere in sight

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Busy mom agents want these 5 things for Mother’s Day

Inman

Real estate moms don’t want flowers, cards or candy this year. Here are five things that are guaranteed to be on their wish list.

Business 157
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Report: Consumer insolvencies saw substantial growth during Q1

Mortgagebroker News

Annual increase was the largest since 2009, new study says

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A recession is looming. How will it affect real estate?

Inman

The bad news is that a recession is on the horizon. The good news? People will move anyway, driven by a host of other factors.

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Clear Capital expands its partnership with ValueLink

Clear Capital

Story by HousingWire Real estate valuation technology company Clear Capital announced on Wednesday that it has expanded its partnership with ValueLink , a valuation management platform, to offer better support for appraisal modernization policy changes. Through this expansion, ValueLink customers can now access Clear Capital’s proprietary Universal Data Collection (UDC) solution, which offers fast and accurate data collection and submission that meets Freddie Mac and Fannie Mae data standards fo

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Encompass users gain access to title data with Flueid integration

Inman

ICE Mortgage Technology's popular loan origination system connected to Flueid Decision for underwriter-backed title clearance decisions on properties.

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Clear Capital expands its partnership with ValueLink | Clear Capital in the news

Clear Capital

Story by HousingWire Real estate valuation technology company Clear Capital announced on Wednesday that it has expanded its partnership with ValueLink , a valuation management platform, to offer better support for appraisal modernization policy changes. Through this expansion, ValueLink customers can now access Clear Capital’s proprietary Universal Data Collection (UDC) solution, which offers fast and accurate data collection and submission that meets Freddie Mac and Fannie Mae data

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Built by 3 MLSs, search portal Nestfully should have considered a 4th: Tech Review

Inman

Nestfully is a home search portal built by CRMLS, REcolorado and BrightMLS to help agents market homes and consumers find them.

Agents 157
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Check the months of inventory to see if it’s a good time to sell your home!

San Jose Real Estate

Is now a good time to sell your Silicon Valley home? Have a look at the months of inventory to see if it is. Right now, the numbers are very much in the seller's favor and indicate that it's a great time to sell in much of Santa Clara County.

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7 time-sucking activities real estate agents can’t quit

Inman

Tackle these common time sucks head-on and implement effective strategies to streamline your day-to-day tasks.

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Migration to Affordable Housing

Eppraisal

In the United States, migration patterns have been shaped by a multitude of factors, such as job opportunities, lifestyle preferences, and affordability of housing. The latter has become an increasingly important factor in recent years, as the cost of living in major metropolitan areas has skyrocketed. As a result, many Americans are moving to more affordable housing options, including smaller towns and rural areas.

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‘Not run of the mill’: How 1 agent sold an island to Darien township

Inman

A year after the town of Darien, Connecticut, entered into contract to buy Great Island, it finally closed for $18 million under the asking price. Here's how Douglas Elliman's Jennifer Leahy got it done.

Contracts 121
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Manitoba authorities pledge support for rental housing

Mortgagebroker News

New funding will help keep down rent rates at non-profit housing complexes

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Agent charged with fatally lacing husband’s drink amid mansion feud

Inman

Real estate agent Kouri Richins then wrote a book with her three children to help kids cope with the sudden loss of a parent, according to charging documents in the case.

Agents 121
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How are high-quality office spaces faring in the current environment?

Mortgagebroker News

Class AAA space is in especially high demand right now

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Fed mistakes, membership dues, contract issues: Inman’s Top 5

Inman

Wondering what you missed this week? Find out with Inman's Top 5 most-read stories of the week.

Contracts 157
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Data Collectors: Appraisers vs. Uber Drivers

Appraisal Today

Certified Appraisers vs. Unlicensed Data Collectors By Jonathan Miller (13-minute video) Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. Fannie Mae has been working hard to get rid of appraisers for years. Their latest twist is to re-categorize many appraisers as “Unlicensed Data Collectors.