Housing Wire

AUGUST 17, 2023

The Consumer Finance Protection Bureau (CFPB) issued orders against Freedom Mortgage Corporation and Realty Connect USA Long Island for illegal kickbacks on Thursday, the first enforcement action associated with the 1974 Real Estate Settlement Procedures Act in six years. According to the CFPB, Freedom provided real estate agents and brokers with incentives, including cash payments, paid subscription services, and catered parties in exchange for agent and broker referrals for mortgage loan offer

Realty 370

Realty Mortgage Brokerage Real Estate 370

Real Estate News

AUGUST 17, 2023

After a fourth week of increases, average rates reached 7.09% this week, passing last fall's peak.

Mortgage 239

Mortgage 239

Housing Wire

AUGUST 17, 2023

The 10-year yield closed today above my key level of 4.25%: Does that mean mortgage rates will hit 8%? To understand what’s happening, here’s how I look at the bond market and mortgage rates in my forecast for 2023. In my 2023 forecast , the range on the 10-year yield was between 3.21%-4.25%, emphasizing that the bond yields can go lower than 3.21% only if the labor market breaks — which would require jobless claims to go over 323,000 on a four-week moving average.

Mortgage 370

Mortgage Retail Marketing 370

Real Estate News

AUGUST 17, 2023

Tom Hurdelbrink will step down in December, with NWMLS general counsel Justin Haag moving into the top spot.

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Housing Wire

AUGUST 17, 2023

Though the National Association of Realtors is not out of the legal woods yet, the trade group does have reason to celebrate. A federal court judge on Wednesday dismissed all antitrust allegations made by REX Real Estate against NAR and Zillow. The remaining claims in the case are all against Zillow, meaning that NAR is no longer a defendant in the case and will not have to participate if it heads to trial next month as scheduled.

Advertising 370

Advertising Legal Brokerage Realtors 370

Eyes on Housing

AUGUST 17, 2023

Confidence in the market for new multifamily housing was in positive territory for the second quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 56 for the first quarter while the Multifamily Occupancy Index.

Development 148

Development Marketing 148

Inman

AUGUST 17, 2023

CEOs, reality TV personalities, your favorite TikTokers and agents in the trenches all converged in Vegas to share their pro tips, hot takes and even more heated debates. In case you missed it, here are the top takeaways for your team.

Agents 148

Agents 148

Housing Wire

AUGUST 17, 2023

With the housing industry down across the board, upstart title insurance firms couldn’t maintain strong growth rates in 2023. Just three title insurance firms made the annual Inc. 5000 list, a growth-based ranking of U.S.-based privately held and independent companies. Nine title insurers made the list in 2022. Each business had a minimum revenue of $190,000 in 2019 and $2 million in 2022, according to the business magazine.

Insurance 370

Insurance Brokerage Real Estate Business 370

Inman

AUGUST 17, 2023

The latest product of Spencer Rascoff's 75 & Sunny Labs, heyLibby takes care of engaging and tracking leads for business owners. The free platform takes less than five minutes to set up, the company said.

Business 147

Business Technology 147

Housing Wire

AUGUST 17, 2023

Independent mortgage banks (IMB) reported an average net loss of $534 on each loan originated from April to June, down from $1,972 per loan in the first quarter of 2023, according to the Mortgage Bankers Association (MBA). The average pre-tax production loss was 18 basis points in Q2. Including both the production and servicing business lines, 58% of retail mortgage companies were profitable in Q2, up from 32% in the first quarter of 2023.

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Retail Valuation Mortgage Business 370

Inman

AUGUST 17, 2023

New Inman contributor and tech CEO Sheila Reddy writes that technology and consumer sentiment are trending toward curated information and experiences. Real estate professionals are well-positioned to capitalize on this trend simply because it’s what they already do.

Technology 147

Technology Real Estate Agents 147

Housing Wire

AUGUST 17, 2023

Bank of America (BofA) prevailed in a court case brought against it by Cook County , Illinois , which sued the bank alleging predatory mortgage loans to Black and Hispanic borrowers in the Chicago area. The news was first reported by Bloomberg Law. Cook County initially sued BofA and other banks in 2014, alleging that the company had violated the Fair Housing Act in making credit too easily available to borrowers in the Chicagoland area with mortgages the county described as “unchecked or improp

Lending 370

Lending Law Mortgage Legal 370

Inman

AUGUST 17, 2023

Join Jordan Cohen, No. 1 RE/MAX agent worldwide, for key insights on taking advantage of every opportunity and succeeding in listing interviews to earn more trust and win more business.

Agents 147

Agents Business Marketing 147

Housing Wire

AUGUST 17, 2023

Mortgage rates continued to climb this week as U.S. bond yields hit their highest level since 2008. Despite the turbulence, some analysts said a debt crisis is not imminent. According to those analysts, investors in the bond market are reacting to the government issuing debt and expecting the Federal Reserve to increase rates in September amid persistent inflation.

Mortgage 370

Mortgage Supply Chain Government Buyers 370

Inman

AUGUST 17, 2023

As Zillow's Listing Showcase rolls out, it’s becoming clear that it will play a central role on the seller side of the business as it unlocks new premium revenue streams.

Sellers 146

Sellers Business Agents 146

Housing Wire

AUGUST 17, 2023

You’re certainly familiar with traditional banking institutions in the mortgage industry, but how familiar are you with neobanks? Neobanks are an emerging set of technology-forward, online-focused fintechs , providing banking services in partnership with a traditional bank — you may have heard of Sofi, Revolut, Klarna or Chime, but there are more out there and more to come.

Insurance 369

Insurance Technology Mortgage Business 369

Inman

AUGUST 17, 2023

Think ahead and communicate effectively with your future business, broker Gavin Payne writes. It will pay dividends in the years to come and set you up for success.

Business 147

Business Development Real Estate Brokerage 147

Housing Wire

AUGUST 17, 2023

The first thing we go through when I work with real estate brokerages — whether it’s in helping them to streamline their technology or to prepare for sale — is their financials. And, one thing that I always spot in these financials is excess spending. I’m not judging them on how much they’re spending, rather, on how they’re spending money on products and services that are redundant.

Real Estate 353

Real Estate Contracts Tools Training 353

Inman

AUGUST 17, 2023

Don't miss the best Inman Connect Las Vegas sessions and takeaways designed especially for brokers' unique needs.

Design 145

Design Brokerage 145

Boston Appraisal

AUGUST 17, 2023

Appraisals are often a crucial part of real estate transactions, litigations, taxes, and estate planning. However, in the course of obtaining an appraisal or while reviewing an appraisal, it may be necessary to verify the reliability, credibility, and accuracy of an appraisal report. Should there be questions, it may even be necessary to challenge an appraisal.

Clients 78

Clients Appraisal Market Value Property Taxes 78

Inman

AUGUST 17, 2023

Real estate companies and related industries faced down the down market by cutting costs to offset declines in revenue.

Real Estate 146

Real Estate Marketing Brokerage Agents 146

Lamacchia Realty

AUGUST 17, 2023

We are absolutely thrilled to announce that Cristina Coppola has qualified for the 2023 Lamacchia Realty President’s Club! This is Cristina’s first time reaching this milestone, and we couldn’t be happier for her. She achieved this by surpassing $16,000,000 in sales volume so far this year – an impressive feat! An extremely motivated REALTOR®, Cristina has made multiple appearances on the Monthly Top Producers list both in the Woburn office and companywide!

Realty 68

Realty Clients Realtors Agents 68

Inman

AUGUST 17, 2023

Learn how this Florida broker leads with a service-oriented approach and a focus on the real estate fundamentals.

Real Estate 136

Real Estate Property Management Brokerage 136

BiggerPockets

AUGUST 17, 2023

The common saying is "it's always the best time to get into real estate," but is that true? There's five factors that really determine if it is.

Real Estate 68

Real Estate Investing 68

Inman

AUGUST 17, 2023

Team cohesion starts with knowing who you are, where you’re going and why you’re doing what you’re doing, writes Livian COO Erin McCormick Torres.

Brokerage 110

Brokerage Agents 110

Mortgagebroker News

AUGUST 17, 2023

Amid increasing demand for reverse mortgages, the lender has launched a new resource library to help brokers stay agile and tap into the trend

Mortgage 68

Mortgage Business 68

Mashvisor

AUGUST 17, 2023

When it comes to condo investing in 2023, there are advantages and disadvantages that should be weighed against each other.

Investing 69

Investing Tools Investors Finance 69

Mortgagebroker News

AUGUST 17, 2023

The asset class has benefited from a "significant appreciation" in prices over the last few years, says a new report

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BiggerPockets

AUGUST 17, 2023

The housing market “recession” is…over? At least, that’s what some economists think. But it doesn’t feel so stable for the rest of us real estate investors.

Housing Market 59

Housing Market Marketing Real Estate Investors 59

Mortgagebroker News

AUGUST 17, 2023

Banks will not likely be able to accommodate the surge of new arrivals over the next few years

Lending 64

Lending 64

BiggerPockets

AUGUST 17, 2023

Knowing how to budget is one thing. Knowing how to budget for a pricey pregnancy and future family is another.

Finance 60

Finance 60

Mortgagebroker News

AUGUST 17, 2023

Walk in aid of a worthy cause takes place on September 17 across the country

Agents 68

Agents 68

AmeriMac

AUGUST 17, 2023

Are you considering a reverse mortgage but unsure of what role appraisal plays? In this post, we will cover everything you need to know about reverse mortgage appraisal. We will start by discussing the basics of reverse mortgages and who can benefit from them. Then, we will delve into the importance of appraisal in reverse mortgages and why lenders must determine the value of your home accurately.

Mortgage Appraisal 36

Mortgage Appraisal Appraisal Mortgage Renovations 36

Mortgagebroker News

AUGUST 17, 2023

The Bank of Canada's rate hikes appear to have amplified those sentiments

Mortgage 66

Mortgage 66