Housing Wire

JUNE 15, 2023

​​The Federal Reserve ‘s (Fed) interest rate hike pause will give the housing industry a cautious sigh of relief, but observers are already nervous that the rate-induced pain train won’t come to a complete stop for a while longer and volatility will remain. The Fed’s updated economic projections showed that central bankers forecast that inflation could finish 2023 at 3.2% up from March’s projection at 3.3%; core PCE inflation at 3.9% after stripping out food and fuel prices, an

Mortgage 384

Mortgage Inventory Retail Housing Market 384

Real Estate News

JUNE 15, 2023

A Redfin report found that nearly 60% of homeowners with mortgages have lived in their home for 4 years or less, and almost all have low interest rates.

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Mortgage 227

Housing Wire

JUNE 15, 2023

According to a study by Ernst & Young, there is one trait that is shared by 94% of women who hold C-suite level positions. PepsiCO CEO Indra Nooyi has it. So does former Hewlitt-Packard CEO Meg Whitman. Elevance Health CEO Gail Koziara Boudreaux and Sheex CEO Michelle Marciniak possess it as well. So, what is this trait? These women are all former athletes.

Client Relationships 370

Client Relationships Development Clients Tools 370

Real Estate News

JUNE 15, 2023

The 30-year fixed-rate mortgage averaged 6.69% this week in the Freddie Mac Survey, down just a hair from last week’s 6.71%.

Mortgage 226

Mortgage 226

Housing Wire

JUNE 15, 2023

The Consumer Financial Protection Bureau (CFPB) will look for ways to streamline and simplify mortgage servicing rules in the months ahead following public comment on how to reduce risks for borrowers having trouble with their mortgage payments, according to a blog post from CFPB Director Rohit Chopra. Chopra noted in the post the importance of mortgage servicing rules to the ability for borrowers to keep up with their loans — despite servicers being chosen by the lender and not the borrower, he

Mortgage 370

Mortgage 370

Eyes on Housing

JUNE 15, 2023

According to the latest Producer Price Index report, the prices of inputs to residential construction less energy (i.e., building materials) decreased 0.1% in May 2023 (not seasonally adjusted), following a 0.2% drop in April. The index has gained 0.3%, year-to-date, a stark contrast from the 10.2% and 4.9% YTD increases seen in 2021 and 2022, respectively.

Construction 174

Construction 174

Inman

JUNE 15, 2023

New listings dropped 23 percent year over year, pulling the number of homes on the market down 39 percent compared to the same period five years ago, according to an analysis by Redfin issued Thursday.

New Listings 157

New Listings Marketing Inventory Mortgage 157

Housing Wire

JUNE 15, 2023

National mortgage loan subservicer Cenlar FSB announced on Thursday that it has named the Thomas Donatacci as its investor relations officer. Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A. He is expected to strengthen Cenlar’s relationships with stakeholders in this role, including agency investors, shareholders, clients, and rating agencies. “I am confident that Tom will further strengthen our market presence, as well as in

Investors 369

Investors Clients Finance Development 369

Inman

JUNE 15, 2023

Patrick Carroll was sued by restaurant manager Miguel Angel Weill, who accused Carroll of spitting on him during a videotaped dispute in April. Carroll has not been served with the lawsuit, according to his attorney Duncan Levin.

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Empire Appraisal Group

JUNE 15, 2023

Source: [link] Fed Keeps Rates Steady, Suggests 2 More Increases By Christopher Rugaber Interest rates remain unchanged after a Fed meeting – the first pause after 10 straight increases. But “may raise rates twice more this year” came as a surprise. WASHINGTON (AP) – The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation.

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Lending Retail Government Mortgage 78

Inman

JUNE 15, 2023

In response to an Inman article Tuesday questioning the National Association of Realtors' response to discriminatory practices, NAR CEO Bob Goldberg defended the trade group's track record.

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Real Estate Realtors Brokerage Agents 148

Lamacchia Realty

JUNE 15, 2023

Behind the incredible REALTORS® of Lamacchia Realty is a team of over 75 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views its staff members in the highest regard, fostering the values the full-service, value-based brokerage prides itself on.

Realty 74

Realty Brokerage Agents Real Estate 74

Inman

JUNE 15, 2023

ChatGPT has opened a window of opportunity that typically only comes a few times during a career. Take advantage of this amazing tool and your business can’t help but grow.

Agents 148

Agents Tools Business Real Estate 148

Mortgagebroker News

JUNE 15, 2023

CMP's Rising Stars 2023 recognizes 50 exceptional professionals under 35 for their outstanding achievements and who have a clear passion for the industry

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Inman

JUNE 15, 2023

OJO Pro+ will cater to just a handful of teams in each market. The product is one of two new offerings from OJO meant to provide high-quality leads and insights to agents.

Agents 148

Agents Marketing Technology Brokerage 148

BiggerPockets

JUNE 15, 2023

Housing market forecasts, affordability false flags, forty-year mortgages, and a baby boomer shopping spree.

Mortgage 74

Mortgage Housing Market Marketing 74

Inman

JUNE 15, 2023

As young people become more financially literate, we'll see our families, businesses, communities and the nation as a whole become stronger and more resilient, writes investor David Phelps.

Investors 148

Investors Business Investing Real Estate 148

Mortgagebroker News

JUNE 15, 2023

Canada's household debt-to-income ratio increases, posing challenges for economic growth

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Inman

JUNE 15, 2023

Retaliation for filing a discrimination complaint violates federal law, even if the agent is an independent contractor, judge says. BHS has vowed to appeal.

Agents 148

Agents Law Brokerage 148

BiggerPockets

JUNE 15, 2023

One of the best ways to boost your earning potential is with multiple income streams.

Finance 70

Finance 70

Inman

JUNE 15, 2023

Loan servicer Mr. Cooper is 'deeply disappointed' that the HUD OIG audit focused on problems it says were mostly technical, rather than on borrower outcomes.

Mortgage 148

Mortgage 148

Mortgagebroker News

JUNE 15, 2023

A new rate increase could pour cold water on the market's recent revival

Housing Market 68

Housing Market Marketing 68

Inman

JUNE 15, 2023

Tune in to learn how to leverage your social media for converting leads and what specific areas of your business to prioritize for growth.

Business 148

Business Brokerage Agents Marketing 148

Mortgagebroker News

JUNE 15, 2023

The household debt-to-income ratio rose again in Q1, according to StatCan

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Inman

JUNE 15, 2023

Learn what makes this tight-knit and high-performing team tick, and find out what they can teach you about optimizing your performance.

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Mortgagebroker News

JUNE 15, 2023

Regulator advises lenders to mitigate risks after series of rate increases

Mortgage 67

Mortgage 67

Inman

JUNE 15, 2023

The premium for buying a home is now 17 percent higher than it was a year ago thanks to high interest rates and stubborn home prices, according to John Burns Real Estate Consulting. It might push the rent even higher.

Real Estate 113

Real Estate Investing 113

Mortgagebroker News

JUNE 15, 2023

Get an inside look at the best mortgage products brokers offer in 2023

Mortgage 65

Mortgage 65

Inman

JUNE 15, 2023

This week the spotlight shines on luxury real estate and vineyard specialist Michael Baynes of Maxwell-Baynes in Bordeaux, France.

Real Estate 126

Real Estate Brokerage 126

Mortgagebroker News

JUNE 15, 2023

The housing market continued its hot streak last month

Housing Market 68

Housing Market Marketing 68

Assurance Financial

JUNE 15, 2023

Fannie Mae and Freddie Mac are two government-sponsored entities (GSEs) that play a significant role in the United States housing market by providing liquidity to the mortgage market. Over the years, there has been a lot of debate about the roles and responsibilities of these two entities. Below, we will explore the differences between Freddie vs. Fannie and how to determine which may be right for you.

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Government Housing Market Mortgage Investors 36

Mortgagebroker News

JUNE 15, 2023

A big decrease took place between April and May

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Housing Wire

JUNE 15, 2023

After a slight decline this week, mortgage rates are expected to stay at their current elevated levels for a while in reaction to the Federal Reserve ‘s (Fed) decision to pause its tightening monetary policy in June. In turn, mortgage origination volumes will remain under pressure for the remainder of the year. The Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.69% as of

Mortgage 397

Mortgage Housing Market Buyers Lending 397

Mortgagebroker News

JUNE 15, 2023

The two companies have extended their partnership

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Mortgage 66