Housing Wire
JUNE 29, 2023
loanDepot is accusing its competitor Movement Mortgage of damaging its business by hiring over 25 employees in three months and “effectively crippling” “now-depleted” branches. The poaching lawsuit, filed on June 22 at a federal district court in Delaware, states that South Carolina-based Movement recruited and hired its employees in late 2021 and early 2022 to take trade secrets and confidential information.
Eyes on Housing
JUNE 29, 2023
NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $174 billion in taxes were paid by property owners in the first quarter of 2023 (not seasonally adjusted).[1] In the four quarters ending Q1 2023, state and local governments collected $714 billion of property tax revenue. The year-over-year growth rate of property tax collections is more.
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Housing Wire
JUNE 29, 2023
Fannie Mae has issued a mortgage fraud alert for lenders in northern California, warning of heightened instances of misrepresented child support income in “numerous loans” that have been originated in the region over the past few months. The GSE highlighted four hallmarks of such a scheme. These include, “commonality of real estate agents involved in selling the subject properties; bank statements and canceled checks [which] are created to support falsified child support income; borrowers hav[in
Real Estate News
JUNE 29, 2023
NAR's Pending Home Sales Index for May showed national declines but significant gains in the Northeast.
Housing Wire
JUNE 29, 2023
Most borrowers who had a mortgage forbearance in March 2021, including disproportionately impacted borrowers of color, were either current or closed as of March 2023. This is according to data released this week by the Consumer Financial Protection Bureau (CFPB) Office of Research. In the immediate aftermath of the COVID-19 coronavirus pandemic’s onset, the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in March 2020 allowed millions of U.S. mortgage borrowers to enter public
Real Estate News
JUNE 29, 2023
The 30-year fixed-rate mortgage averaged 6.71% this week, snapping three straight weeks of declines.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
JUNE 29, 2023
The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher.
Housing Wire
JUNE 29, 2023
After holding steady month over month in April , pending home sales were back down again in May, dropping 2.7%, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending home sales were down 22.2%, a larger decrease than the 20.3% annual drop recorded in April. The NAR’s Pending Home Sales Index fell to a reading of 76.5 in May.
Inman
JUNE 29, 2023
Compass CEO Robert Reffkin revealed on CNBC how volatile mortgage rates are sidelining homesellers and why a boost in existing-home inventory could happen as early as December.
Housing Wire
JUNE 29, 2023
DocMagic , a provider of loan document generation and eMortgage services, announced this week the integration of its Total eClose platform with Finastra ‘s MortgagebotLOS solution. This integration aims to deliver an enhanced customer experience for mortgage borrowers while streamlining the closing process. “We’ve demonstrated the power of Total eClose through our integration with Finastra’s MortgagebotLOS, creating an innovative automation tool for every eClosing origina
Inman
JUNE 29, 2023
Sales of pending homes declined 2.7 percent in May and were down 22.2 percent from a year ago, but the Northeast saw a 12.9 percent increase, according to new data from the National Association of Realtors.
Empire Appraisal Group
JUNE 29, 2023
Homeowners vs. Condo Associations: The Similarities Source: [link] By Joel Maxson How does a homeowners’ association rider differ from a condominium rider? How is it similar? This month’s focus is on the similarities between the two. Next month we’ll focus on the differences. ORLANDO, Fla. – With over 1.5 million condominium units (condos) in Florida, and over 3.71 million homes in homeowners’ associations (HOAs), most of our members have helped prepare contracts that address issues associated w
Inman
JUNE 29, 2023
Surprising GDP and jobs numbers have investors buying stocks and selling bonds over worries that Fed policymakers will continue hiking rates to combat inflation.
Lamacchia Realty
JUNE 29, 2023
Lamacchia Realty is honored to be joining forces with a highly respected and landmark Falmouth, Cape Cod brokerage, Foley Real Estate and Foley Premier Properties. Lamacchia Realty has been serving Cape Cod in a limited capacity for years but referred the majority of the business to other brokerages. Now most of the Cape Cod business, specifically in Falmouth , will be handled in-house.
Inman
JUNE 29, 2023
The agent with "an unmatched sales record" is moving to AKG | Christie's International Real Estate after a 32-year career with Berkshire Hathaway, according to the company.
BiggerPockets
JUNE 29, 2023
If you make the right money moves, financial freedom is only a few years away.
Inman
JUNE 29, 2023
In this week's new Inman Access classes, get insights and predictions on what the upcoming fall housing market may have in store and take a deep dive into how to avoid certain hiring pitfalls.
BiggerPockets
JUNE 29, 2023
The next foreclosure wave is already brewing.
Inman
JUNE 29, 2023
If you were "born without an entrepreneurial bone" in your body, writes broker-owner Andrew Ellet, take heart. You can develop the skills and systems you need to grow your business.
GoForrmz
JUNE 29, 2023
Embracing digital solutions can help improve your job site safety As National Safety Month comes to a close, the focus is on the future—literally, the immediate future of your job sites. Hazard recognition is the theme of the week, and while it’s important to have ways to identify, track, and mitigate risks across all industries, energy and oil sectors often face unique risks.
Inman
JUNE 29, 2023
Greater Tampa Realtors informed its members Tuesday that its president, Jay Quigley, had represented its CEO in a home purchase but wouldn't reveal the outcome of its investigation.
Buys Brokers Only LLC
JUNE 29, 2023
The growth in the median price of a Massachusetts single-family home has slowed over the past six months, but it's unclear whether the slowdown in price growth will trigger an increase in inventory.
Inman
JUNE 29, 2023
A new report from Apartment List shows that typical rents are now the same nationwide as they were a year ago. The slowdown follows a period of unprecedented rent growth and a runup in supply.
Inman
JUNE 29, 2023
Grow your business and find your ideal clients when you put Instagram to work for you. Social media expert Michelle Berman-Mikel shows you how.
Inman
JUNE 29, 2023
The spotlight shines on this leadership blend of a top luxury broker and an award-winning real estate marketing expert.
Inman
JUNE 29, 2023
Find out how LA's Elite Home Staging creates luxe interiors that not only get sold, but sell for top dollar. Chris Pollinger delves into their top staging strategies.
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