Housing Wire
OCTOBER 11, 2023
In less than a week, the first of two class action lawsuits that take aim at the NAR ’s commission rules will kick off. These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods.
Real Estate News
OCTOBER 11, 2023
An attorney for the organization said a loss would be “bad news for consumers” and force the industry “back into the 19th century.
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Housing Wire
OCTOBER 11, 2023
CEDAR CREEK, Texas — Real estate investment trust Rithm Capital Corp.’s $720 million acquisition of Computershare Mortgage Services Inc. allows the company to improve its fee-based income as the deal includes the purchase of Specialized Loan Servicing LLC (SLS). “The SLS platform for us is very much the focus as to how we think about fee-based income and third-party business,” Baron Silverstein, president at NewRez , a subsidiary of Rithm, said on Wednesday afternoon during the HousingWire
George Dell
OCTOBER 11, 2023
A dictionary definition of “adjust” is: “alter or move (something) slightly in order to achieve the desired fit, appearance, or result.” When I “carefully” pick some comps, I use my judgment to need as little fudging as possible. But it never seems to work out just right. There are three practices to adjust the fudging: […] The post Just Adjust Pt 2 appeared first on George Dell, SRA, MAI, ASA, CRE.
Housing Wire
OCTOBER 11, 2023
In its 9th year, the HousingWire Vanguards award offers a definitive list of the top leaders in housing who are shaping the housing economy for the better. The forward-thinkers and trailblazers who are shaping the industry through their unwavering commitment, transformative ideas and steadfast dedication to driving growth and positive change. This year, 100 honorees were selected for their outstanding leadership in the midst of market volatility.
Real Estate News
OCTOBER 11, 2023
Coldwell Banker Affiliates appoints BHHS exec Jason Waugh as president; PLACE names coach Brendon Burchard as chief growth advisor.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
OCTOBER 11, 2023
Long critical of the lack of real estate commission transparency, watchdog group Consumer Federation of America released steps for creating a competitive landscape around agent commissions.
Housing Wire
OCTOBER 11, 2023
The country’s top lender, United Wholesale Mortgage (UWM), raised agency conforming loan limits to $750,000 following other firms’ moves ahead of the Federal Housing Finance Agency ’s (FHFA) decision expected next month. UWM will honor expected limits for conventional and VA loans locked starting Oct. 11, the company said on Wednesday. This represents a 3.2% increase from the current loan limit of $726,200.
Inman
OCTOBER 11, 2023
Following Rocket's lead, UWM and Guaranteed Rate say they'll price mortgages of up to $750,000 as if they're eligible for purchase by Fannie Mae and Freddie Mac in anticipation of expected 2024 increases.
Housing Wire
OCTOBER 11, 2023
CEDAR CREEK, Texas — Natural disasters are becoming more severe and more frequent. So far in 2023, 24 billion-dollar natural disasters have struck the United States, according to data from the National Centers for Environmental Information at the National Atmospheric and Oceanic Administration (NOAA). This marks the all-time highest number of natural disasters causing $1 billion or more in losses in a year — and the year isn’t even over yet.
Inman
OCTOBER 11, 2023
From mediocre manager to legendary leader, these strategies from luxury real estate consultant Chris Pollinger will help you take your real estate business to the next level.
Housing Wire
OCTOBER 11, 2023
loanDepot ‘ s CEO and president Frank Martell said the mortgage market will remain challenging in 2024. Still, the company is working to make money and, when the market turns, accelerate growth in a profitable, sustainable way. To get there, Martell said loanDepot is still committed to its Vision 2025 plan, announced three months following his arrival to the company last year.
Inman
OCTOBER 11, 2023
Even with the best processes in place, things can go wrong. Darryl Davis uses his own real-life experience to help you learn how to handle the unexpected with grace and efficiency.
Housing Wire
OCTOBER 11, 2023
When Thaddeus, the American Land Title Association’s eagle mascot, landed in Colorado Spring at The Broadmoor Hotel after a month-long virtual journey across the country from Washington, D.C., he did so with a new look. Thaddeus’ makeover is part of an overall rebrand of ALTA , which was unveiled Wednesday morning at the start of the trade group’s annual ALTA One conference.
Eyes on Housing
OCTOBER 11, 2023
Per the Mortgage Bankers Association’s (MBA) survey through the week ending October 6th, total mortgage activity increased 0.6% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose 14 basis points to 7.67%. The FRM rate has increased 40 basis points over the past month to its highest level since 2000. The Market Composite Index, a measure.
Housing Wire
OCTOBER 11, 2023
Leading property data and analytics company CoreLogic ’s newly launched digital mortgage platform (DMP) aims to streamline the mortgage process and improve efficiency for lenders. DMP integrated Roostify’s digital mortgage solution with CoreLogic’s property data and workflow capabilities to offer a comprehensive digital mortgage experience, the firm said in a release on Wednesday.
Eyes on Housing
OCTOBER 11, 2023
In a new study, NAHB uses the 2021 American Housing Survey (AHS) to investigate the characteristics of recent home buyers, defined as households who purchased homes in the two years preceding the date the 2021 AHS was conducted. According to this criterion, roughly 10.2 million households recently bought and moved to a new home. The study focuses on two important.
Housing Wire
OCTOBER 11, 2023
Federal Reserve policymakers saw eye to eye that policy should remain restrictive for some time but were divided on whether inflation was high enough to bring the target federal funds rate down to the 2% target in their September meeting. “A majority of participants judged that one more increase in the target federal funds rate at a future meeting would likely be appropriate, while some judged it likely that no further increases would be warranted,” minutes of the Federal Open Market Committee (
Inman
OCTOBER 11, 2023
Next week's long-anticipated Sitzer/Burnett commission trial is only the most immediate threat to real estate's most powerful trade organization as it navigates a series of existential challenges.
Housing Wire
OCTOBER 11, 2023
As the 30-year, fixed-rate mortgage hit 7.67% for the week ending Oct. 6, mortgage applications remained near historic lows. However, an uptick in adjustable-rate mortgage (ARM) applications edged total applications up slightly. Mortgage applications picked up 0.6% for the week ending Oct. 6, compared to the week prior, according to weekly mortgage application data from the Mortgage Bankers Association (MBA).
Inman
OCTOBER 11, 2023
Dovish remarks from Fed policymakers help ease fears of more rate hikes, bringing yields on benchmark 10-year Treasury notes back to where they were at the beginning of October.
Lamacchia Realty
OCTOBER 11, 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.
Inman
OCTOBER 11, 2023
Understanding the strengths of your team and empowering them through your management style are essential elements for organizational success. Brand new Inman contributor and consultant Kelly Rae White offers strategies that can make all the difference in your outcomes.
BiggerPockets
OCTOBER 11, 2023
HELOCs can help you get the funding you need for your next deal, but is it a strategy you can always count on? Read more to find out.
Inman
OCTOBER 11, 2023
The Agency's CEO made a significant recovery from his fumbling performance the week prior as he delivered a comeback foxtrot that had judges singing the praises of his "suavecito" moves.
PennyMac
OCTOBER 11, 2023
When you purchased your first home, it likely checked off all the boxes. But over time, perhaps your lifestyle has changed and your family has grown, and now you’ve started asking yourself, “Should I buy a bigger house?” Whether you’re looking for larger bedrooms, expanded family space or more storage solutions, buying a bigger home — or even just moving to a different layout or location — might be a change you’re ready to make.
Inman
OCTOBER 11, 2023
Maegan Sherlock, senior research analyst for John Burns, spoke with Intel about the results of the firm's latest household sentiment survey: "I was hoping to see a new 'magic' mortgage rate.
BiggerPockets
OCTOBER 11, 2023
A recent survey from RCN Capital took stock of investor attitudes towards the economic climate. Here's what they said.
Inman
OCTOBER 11, 2023
RaaShaun Casey, host of the syndicated iHeartRadio show "The Breakfast Club," is accused of promoting pal Cesar Pina's home-flipping venture, frequently in distressed areas of New Jersey.
BiggerPockets
OCTOBER 11, 2023
There's turmoil in government, and that's plunging investor confidence. Here's what you need to know.
Inman
OCTOBER 11, 2023
"Buy before you sell" product is the first offering in a phased rollout, with plans to offer a full suite of products, including cash offer services.
Mortgagebroker News
OCTOBER 11, 2023
Regulator says Ontario-based brokerage committed multiple violations of the Mortgage Brokerages, Lenders and Administrators Act
Lamacchia Realty
OCTOBER 11, 2023
Florida, a state synonymous with sun-kissed beaches, diverse culture, and vibrant communities, has always been a dream destination for many. Embarking on the journey of Florida homeownership is more than just a financial decision; it’s about planting roots in a place that promises endless sunshine and countless memories. Why Move to Florida? What makes Florida stand out among the fifty states?
Mortgagebroker News
OCTOBER 11, 2023
Launching a new commercial brokerage in a tough market proved a risk that paid off
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