Housing Wire

JUNE 28, 2023

Zillow Group ’s attempt to streamline the home buying experience by offering all facets of the transaction process on one platform has hit a road bump. The real estate listing giant announced on Monday that it is sunsetting its title and escrow provider, Zillow Closing Services. “Integrating the real estate transaction to make buying and selling simpler for customers remains our core strategy and we believe offering title and escrow is a critical component,” a Zillow spokesperson wrote in an ema

Real Estate 432

Real Estate Marketing Insurance 432

Sacramento Appraisal Blog

JUNE 28, 2023

Let’s talk about housing doom. Particularly, I want to get into the viral idea about the demise of the Airbnb market. But first, I have a few visuals to kick off hot graph summer (sorry). I’d love to hear your take in the comments. A meme I shared this week as I talked about the […] The post Hot graph summer & Airbnb doom first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Real Estate 342

Real Estate Appraisal Marketing Housing Market 342

Housing Wire

JUNE 28, 2023

California-based real estate investing platform Peer Street, Inc. and 14 affiliated debtors filed for protection under Chapter 11 of the U.S. Bankruptcy Code in a court in Delaware on Monday, citing a challenging mortgage market and struggles to raise capital with venture capital funds. “Through its bankruptcy filing, PeerStreet will seek to sell substantially all of its assets, including, but not limited to, its mortgage loan assets and technology platform, in a series of transacti

Investors 431

Investors Real Estate Mortgage Investing 431

Real Estate News

JUNE 28, 2023

A former employee has filed a lawsuit alleging she was unfairly fired after ending a relationship with National Association of Realtors President Kenny Parcell.

Realtors 276

Realtors 276

Housing Wire

JUNE 28, 2023

Angel Oak Mortgage REIT has issued a $284.5 million non-QM securitization, which the company said marks an “inflection point” in its business. The company said it intends to use the capital to purchase more newly originated, high-coupon loans while continuing to manage liquidity. The securitization will also reduce Angel Oak’s whole loan warehouse debt by 45.6% from the first quarter of 2023, bringing the total reduction in the REIT’s whole loan warehouse debt since the end of Q3 202

Mortgage 397

Mortgage Business 397

Miller Samuel

JUNE 28, 2023

I had a nice conversation with Joe Connolly and Neil A. Carousso on WCBS Newsradio 880 on the state of the NYC commercial office market. It was a macro-level conversation that I thought you might find helpful. The post WCBS Radio - State Of Commercial Office, City v. Suburbs first appeared on Miller Samuel Real Estate Appraisers & Consultants.

Real Estate 195

Real Estate Appraisal Marketing Retail 195

George Dell

JUNE 28, 2023

We continue our look at how current standards, and regulations hold back best practices. This part 5 of a multipart look at issues in valuation standards. Editor’s Note: This is Standards, part 3.5 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. This part is interesting […] The post Standards: Groupthink Bias?

Valuation 195

Valuation 195

Housing Wire

JUNE 28, 2023

United Wholesale Mortgage (UWM) announced this week that it has added four bank statement loan offerings for self-employed borrowers. To qualify for loans of up to $3 million with up to 90% loan-to-value (LTV), self-employed borrowers can now provide bank statements to verify income rather than tax returns, W2s or pay stubs. Depending on their FICO scores, loan amounts and debt-to-income (DTI) ratios, borrowers have the option to choose from four available bank statement loan options.

Real Estate Agent 370

Real Estate Agent Insurance Lending Real Estate 370

Real Estate News

JUNE 28, 2023

In an email to clients, the company announced it is ending Zillow Closing Services because it isn’t the “tech-forward and integrated product” customers need.

Clients 239

Clients 239

Housing Wire

JUNE 28, 2023

Purchase mortgage applications increased for the third consecutive week, reaching the highest level of activity since early May, in spite of the 30-year fixed rate increasing slightly to 6.75%. For the week that ended June 23, mortgage applications climbed 3% from the prior week , according to data from the Mortgage Bankers Association. “Purchase applications increased for the third consecutive week to the highest level of activity since early May but remained more than 20% lower than year ago

Mortgage 370

Mortgage Inventory Sellers Buyers 370

Real Estate News

JUNE 28, 2023

Buyers can save a ton of money by assuming a mortgage on a home purchased a year or two ago at ultra-low interest rates, but the process can be tricky.

Mortgage 217

Mortgage Buyers 217

Housing Wire

JUNE 28, 2023

The easy choices have already been made: the low performers left many moons ago, the travel budgets have been slashed, and struggling branches have been sold to competitors or unceremoniously closed. For the mortgage industry, more often it’s about making the very hard choices these days – exiting a channel, deciding which star performer to let go, etc.

Mortgage 369

Mortgage Retail Investing Open Houses 369

Inman

JUNE 28, 2023

In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price.

Agents 153

Agents Real Estate 153

Housing Wire

JUNE 28, 2023

Texas-based Mr. Cooper Group has extended the deadline of its tender offer to acquire Home Point Capital ’s outstanding shares, the company announced on Wednesday. The offer, which was previously scheduled to end on June 27, will expire on July 21. The tender offer is part of Mr. Cooper’s agreement to acquire Home Point Capital, which also includes the payment of $324 million in cash.

Sellers 308

Sellers Government Mortgage Business 308

Inman

JUNE 28, 2023

In part two of the series, Eric Bramlett writes that measurement is critical over time to optimize content and delivery to generate leads, foster conversations and help you stand out among your peers.

Brokerage 153

Brokerage Agents Marketing 153

Appraiserblogs

JUNE 28, 2023

Has Fannie Mae gotten too big to control? That was one of the many questions asked to Senators & Congressman while in Washington DC. The agreement on whether Fannie Mae has gotten too big to control was unanimous. Most believe that the company is too large and complex to be effectively managed by the government. They argue that Fannie Mae is too big to fail, and that if it were to collapse, it would have a devastating impact on the housing market.

Property Appraisal 114

Property Appraisal Government Lending Appraisal 114

Inman

JUNE 28, 2023

Compass Luxury Division has teamed with Paris-based luxury firm BARNES International to develop a new referral program, according to the company. Agents from both brokerages will send and receive referrals from each other for an undisclosed fee.

Brokerage 147

Brokerage Development Agents Real Estate 147

BiggerPockets

JUNE 28, 2023

Miami has become the new Austin, and movers in the country's most notoriously expensive markets are taking notice. While the tax-free city seems financially sound on paper, what's the catch?

Marketing 76

Marketing Real Estate 76

Inman

JUNE 28, 2023

The company intends to sell "substantially all of its assets," including its technology platform to pay creditors that include thousands of retail investors.

Real Estate 155

Real Estate Retail Investors Technology 155

BiggerPockets

JUNE 28, 2023

Want to make over a million dollars a year? Real estate may be the best way to get there. Just follow the same steps Dean Rogers took.

Real Estate 76

Real Estate 76

Inman

JUNE 28, 2023

Jumbo loan rates are higher than conforming mortgages for the third week in a row as spread widens to 16 basis points, the latest MBA lender survey revealed.

Mortgage 155

Mortgage Marketing 155

Lamacchia Realty

JUNE 28, 2023

FINAL HOME WALKTHROUGH CHECKLIST: WHAT TO LOOK FOR The final home walkthrough, a crucial step in the home-buying process, offers you an excellent opportunity to review the house before you officially move forward with purchasing it. Not only does this allow you to verify that everything is working as advertised but is also serves as a comprehensive examination of your future home.

Inspection 63

Inspection Buyers Sellers Advertising 63

Inman

JUNE 28, 2023

The suit claims NAR fired a Black employee after she broke off a relationship with then-president-elect Kenny Parcell. NAR said it rejects the claims.

Law 155

Law Realtors Brokerage Agents 155

Mortgagebroker News

JUNE 28, 2023

There's little immediate prospect of a cut – but could an economic downturn change that?

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Inman

JUNE 28, 2023

Author and coach George Mantor shares his insights about what he has learned this year about the market, and how he feels agents should adjust their mindset to work in any cycle of ups or downs.

Marketing 140

Marketing Agents Brokerage 140

Mortgagebroker News

JUNE 28, 2023

The real estate board congratulated the incoming mayor and vows to press forward with housing advocacy efforts

Housing Market 64

Housing Market Real Estate Marketing 64

Inman

JUNE 28, 2023

More buyers today are moving because they have to. Here's what they look like — and how agents are courting their business in a down market.

Buyers 154

Buyers Agents Business Marketing 154

Mortgagebroker News

JUNE 28, 2023

Things appear to have stabilized after a rocky patch during the market cooldown

Marketing 68

Marketing Mortgage 68

Inman

JUNE 28, 2023

Corcoran Baer and McIntosh will expand into Sea Girt, New Jersey, with the acquisition of Ocean Pointe Realtors, the company exclusively told Inman.

Realtors 147

Realtors Brokerage 147

Mortgagebroker News

JUNE 28, 2023

A large share of Canadians have seen a spike in their mortgage expenses recently

Mortgage 65

Mortgage 65

Inman

JUNE 28, 2023

For too long, Mike DelPrete argues, legacy brokerages shrugged off their low-fee competitors. Some of those barbs haven't aged well.

Brokerage 153

Brokerage Realty 153

Mortgagebroker News

JUNE 28, 2023

Find out why a reverse mortgage is a better way to access the equity in your home

Mortgage 63

Mortgage 63

Inman

JUNE 28, 2023

Markets are always evolving and changing, coach Darryl Davis writes. Make sure you are accurately communicating conditions to your clients.

Marketing 149

Marketing Clients Agents 149

Mortgagebroker News

JUNE 28, 2023

The impact of recent market gains is expected to last for quite a while

Housing Market 64

Housing Market Marketing 64