Thu.Feb 02, 2023

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Hawkish Fed couldn’t curb market optimism — and mortgage rates tumbled 

Housing Wire

The Federal Reserve Chairman Jerome Powell maintained a hawkish tone during his speech at a press conference on Wednesday afternoon — but it wasn’t hawkish enough to keep optimism from spreading across the markets as mortgage rates dropped closer to 6%.

Mortgage 388
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Rogers Healy pulls from Compass to hire first director of operations

Inman

The independent brokerage has hired Diyanna Ahuja to lead its team of more than 500 agents, who brings 2 decades of experience in luxury retail operations and real estate to the role. Brokerage Select dallas texas Diyanna Ahuja Rogers Healy rogers Healy and Associates

Retail 157
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ICE Mortgage Technology is betting on increased sales for 2023

Housing Wire

Intercontinental Exchange (ICE) Mortgage Technology reported operating income of $57 million in 2022, down from last year’s $397 million — a reflection of the headwinds the mortgage industry is facing.

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Broker Spotlight: Megan and Damon Williamson, The Agency Dallas

Inman

Find out how Dallas Realtors Megan and Damon Williamson are combining their individual talents to grow The Agency's brokerage presence in Dallas, Texas. Brokerage Service broker spotlight Damon Williamson Megan Williamson The Agency Dallas

Realtors 157
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Apex Home Loans names Leo Anzoleaga as SVP of residential lending

Housing Wire

Maryland-based mortgage lender Apex Home Loans has appointed Leo Anzoleaga as its senior vice president of residential lending. In his new role, Anzoleaga will be tasked with generating more residential mortgage business, fostering business partnerships and improving customer experience.

Lending 304
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M. Ryan Gorman breaks silence on Coldwell Banker ‘termination’

Inman

In a Medium post published on Thursday, Gorman promised to lead by example with a shift into affordable housing projects while revealing new details about his departure from Coldwell. Agent Brokerage Select Anywhere coldwell banker m ryan gorman realogy Ryan Gorman

Brokerage 156

More Trending

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Offerpad cutting more jobs in conjunction with $90M raise

Inman

The struggling iBuyer confirms the company has laid off an unspecified number of employees, with more details coming on the Feb. 22 fourth-quarter earnings call. Industry News Mortgage News Brief Select Brian Bair ibuyer layoffs offerpad opendoor

Mortgage 148
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Tenant in Distress… What Would You Do?

Appraiserblogs

These situations apparently caused a severe depression to engulf the tenant. Appraisers, last week I received a call from an appraiser who was very upset about an encounter at the Subject dwelling, within city limits, not long before, and wanted to know ‘what to do.’

Tenants 98
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What we can learn from Ana Walshe’s disappearance

Inman

A new year and yet another agent is missing. How can agents keep the conversation about safety practices for women as an ongoing conversation? Trainer Rachael Hite says women need to make safety a part of their daily routine for themselves and the ones they care about.

Agents 147
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Square Footage Costs Higher in Suburbs than Cities

Empire Appraisal Group

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SERHANT. says goodbye to top broker Tamir Shemesh

Inman

The motivation for Shemesh's termination was not immediately known and came just over one year after Shemesh and his four-person team moved to SERHANT. from Douglas Elliman.

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Gross Living Area Discrepancies with Public Data May Differ and How They Occur

Boston Appraisal

Appraisers are often tasked with providing valuations for properties that can be very different from one another. From one house to the next, things can and often do change. Everything from the number of bedrooms to the quality of the construction.

Law 78
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Does the commission lawsuit spell the end for NAR? The Real Word

Inman

This week, Byron Lazine and Nicole White are talking about year-end home sales numbers, Jason Oppenheim's commission lawsuit comments, and the weekly media review Left, Middle, Right. Agent Columns Industry News Opinion Select Service Video Byron Lazine Commission Lawsuit nicole white the real word

Agents 135
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Why You Should Use a Real Estate Attorney to Sell Your Home

Lamacchia Realty

WHY YOU SHOULD USE A REAL ESTATE ATTORNEY TO SELL YOUR HOME As a home seller you may think you are saving money by not hiring an attorney to guide you through the legal aspects of your sale but in actuality, it could end up costing you more not to!

Realty 73
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Wells Fargo lays off 140 as it backs out of correspondent mortgages

Inman

In a Worker Adjustment and Retraining Notification, the company outlined its plans to reduce its workforce size. The company began executing the plan Tuesday in Springfield, Illinois. Mortgage Select correspondent mortgages Kleber Santos Kristy Fercho layoffs mortgage wells fargo

Mortgage 133
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Top Accounting Concerns & Solutions in 2023

GoForrmz

Top concerns for accounting firms in 2023 and how to navigate them As we navigate the 2023 tax season, accounting firms are facing a wide range of concerns and challenges. From cyber attacks to new tax laws, accounting firms must be prepared and proactive this tax season.

Law 78
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Court refuses Gary Keller’s request to merge John Davis lawsuits

Inman

A fraud lawsuit filed by Davis against Keller, Keller Williams and Josh Team will continue separately from a sexual misconduct suit filed by Inga Dow against Davis, Keller, and KW.

Brokerage 128
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These Are The 8 Most Affordable Markets To Invest In During 2023

BiggerPockets

The U.S. housing market is facing an affordability crisis. The combination of high home prices, rising mortgage rates, and decreased spending power has driven housing affordability to its lowest level […] Housing Market Trends

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ICYMI: Here’s a roundup of the trends, buzz and sage advice from Inman Connect New York

Inman

The biggest takeaway from ICNY for trainer and author Bernice Ross? Regardless of what the market does or whatever the latest whiz-bang technology is, the basics are still the name of the game when it comes to real estate.

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Flagstar Bank adopts OrangeGrid mortgage servicing software

Housing Wire

Dallas-based mortgage servicing software provider OrangeGrid announced on Thursday that Flagstar Bank has implemented its mortgage servicing software to “manage its loss mitigation processes and enhance internal efficiencies.”

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Purplebricks is a ‘cautionary tale’ for all tech disruptors: DelPrete

Inman

based Purplebricks remains one of the best examples in the world of a real estate disruptor going from zero to one, according to Mike DelPrete. Here's what we can learn from its journey. Industry News Inman Intel Opinion Technology flat fee ibuyers mike delprete offerpad opendoor purplebricks

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“Catastrophic” Consequences of the US Defaulting on Its Debt

BiggerPockets

The US debt ceiling has been hit; what happens next could send ripples through the economy. But is now the time to panic? Or is there still time to solve […] All On the Market Podcast

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Essent scooping up Finance of America’s title businesses for $100M

Inman

The struggling lender's pivot to reverse mortgages creates an opportunity for the big private mortgage insurer to acquire Agents National Title and Boston National Title. Industry News Mortgage Select Agents National Title Boston National Title Essent Essent Group Finance of America Graham Fleming Mark Casale pmi private mortgage insurance title insurance

Finance 101
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FOA announces the sale of Incenter’s title businesses

Housing Wire

Finance of America (FOA) indirect subsidiary Incenter is selling its title insurance businesses, according to an announcement made on Thursday. Incenter has entered into an agreement with a wholly owned subsidiary of Essent Group Ltd.

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1252 Chiapas Terrace, San Jose, CA 95126

San Jose Real Estate

We are delighted to present our newest listing, 1252 Chiapas Terrace, San Jose CA 95126. This young townhome provides 2 bedrooms plus den, 2.5 bathrooms, and an open layout with 1667 square feet.

Buyers 36
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Loan to Value Ratio (LTV): A Calculation Guide

Property Metrics

The loan to value ratio (LTV) is widely used in commercial real estate. It’s simple to calculate, and it has many applications in commercial real estate analysis. It’s a key metric used by lenders to determine the size of a loan.

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HomeEquity Bank SVP on company's growth in a challenging market

Mortgagebroker News

Developing and strengthening relationships were key to higher volume, executive says

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Is Financial Fear Stopping You from Living the Life You Dream Of?

BiggerPockets

Knowing how to build wealth may come as a given for most investors. Buy assets, hold on to them, profit, and repeat. While this formula may seem simplistic at first […] All BiggerPockets Money Podcast

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Vancouver home sales plummet in January

Mortgagebroker News

One of Canada's biggest markets posted big monthly and year-over-year declines

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High borrowing costs impacting many homeowners' reno plans: report

Mortgagebroker News

A significant number of Canadians are shelving their plans to renovate amid a high-rate environment

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What factors will have the greatest influence on the BoC rate moving forward?

Mortgagebroker News

Economic data is likely to send "conflicting signals" to the central bank in the near future

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HomeEquity SVP on company's growth in a challenging market

Mortgagebroker News

Developing and strengthening relationships were key to higher volume, executive says

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What's the latest on the Calgary office market?

Mortgagebroker News

The market brings with it significant momentum from last year, new report says

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Borrower profiles – what can mortgage professionals expect this year?

Mortgagebroker News

"What we've been seeing a lot of this year is a much better quality of borrower