Housing Wire
FEBRUARY 21, 2024
With market uncertainty, real estate agents had been sticking with their current brokerage., but that’s all starting to change. While inventory is still low, professionals are seeing light at the end of the tunnel. According to Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as agents begin switching brokerages at a faster rate than 2023.
Real Estate News
FEBRUARY 21, 2024
A new NAR report finds that homeownership has increased over the past decade, but Asian, Hispanic, and especially Black Americans face more hurdles.
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Housing Wire
FEBRUARY 21, 2024
Keller Williams Realty has partnered exclusively with the online learning platform Coursera to offer a comprehensive introduction to the business of real estate. Dubbed the KW Real Estate Agent Professional certificate, the program will give participants a head start in the real estate industry. “Our goal is to ensure that we’re getting the opportunity of starting a career in real estate in front of people who are actively looking for their next opportunity but may not be sure which path to take
George Dell
FEBRUARY 21, 2024
The word “modernization” has a meaning different from what I thought. It seems to depend on who is using the word. To me, it just meant “get with it!” To our GSEs (Fannie Mae and Freddie Mac), it means something special. The dictionary definitions and explanations focus on the social and even political aspects of […] The post What is Appraisal Modernization?
Housing Wire
FEBRUARY 21, 2024
Mortgage demand continued its downward trajectory last week as interest rates moved back above 7%. Mortgage applications decreased by 10.6% on a seasonally adjusted basis during the week ending Feb. 16, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. A stronger-than-expected inflation reading sent mortgage rates back north of 7% and also lowered the possibility of a near-term rate cut by the Federal Reserve, according to Mike Fratantoni, MBA’s senior v
Real Estate News
FEBRUARY 21, 2024
ARMLS and Metro MLS respond to “monopoly” claims, contending that its showing management platform leads to increased competition, not less.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
FEBRUARY 21, 2024
Celebrating excellence should be about, well, actual excellence — not the size of someone’s wallet.
Housing Wire
FEBRUARY 21, 2024
Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. But analysts anticipate growth in both purchase and refinance originations this year. According to data from the U.S.
Inman
FEBRUARY 21, 2024
There are no funds under NAR's policy available to pay for the cost of defending the Realtor associations nor their multiple listing services which have been sued, according to the trade group.
Housing Wire
FEBRUARY 21, 2024
First Home Mortgage Corp. bolstered its presence in the Washington, D.C. , region with the opening of a new branch in Bethesda, Maryland , the company announced on Tuesday. In that context, First Home appointed Chris Channell, a 2022 HousingWire Rising Star , to the position of vice president of business development at the Bethesda location. Previously, Channel worked at Draper and Kramer Mortgage Corp. for more than five years, serving in various executive roles.
The Appraiser Coach
FEBRUARY 21, 2024
Fannie Continues to send out letters to appraisers warning them about banned words. Dustin explains why he doesn’t feel the same way many appraisers seem to feel about it. Check out this episode!
Housing Wire
FEBRUARY 21, 2024
The U.S. Department of Housing and Urban Development (HUD) on Wednesday issued a mortgagee letter that implements the Federal Housing Administration ’s (FHA) payment supplement partial claim. The new loss-mitigation alternative resulted from the FHA’s acknowledgment that its toolkit wasn’t enough to support struggling borrowers as mortgage rates surged.
Inman
FEBRUARY 21, 2024
If you're rethinking your buyer consultation process and implementing a buyer representation agreement, team leader Carl Medford shares what you need to know to explain the change to your clients.
Housing Wire
FEBRUARY 21, 2024
Mortgage startup Tomo has thrust itself into the “portal wars” arena with the launch of Tomo Real Estate , its new home search site, the company announced this week. “We’re not just another listing portal,” Carey Armstrong, Tomo co-founder and COO, said in a statement. “Tomo Real Estate is here to give home buyers a distinctive advantage with real, actionable insights — not overwhelming them with a buffet of information and ads to decipher alone.
Inman
FEBRUARY 21, 2024
The court dismissed a federal antitrust claim in the case known as Batton 1, but allowed state-law claims to proceed, partially due to the argument that commissions are baked into home prices.
Housing Wire
FEBRUARY 21, 2024
Artificial intelligence (AI) startup Brand Engagement Network (BEN) onboarded industry veteran Chris Heller as an adviser to its board of directors. Heller’s addition to the board comes at a time when BEN prepares to go public through a merger with DHC Acquisition Corp. — a special purpose acquisition company (SPAC) focused on technology — in a deal that values the combined company at $358 million.
Inman
FEBRUARY 21, 2024
Texas-based franchisor Keller Williams has launched a new certification course with Coursera, the U.S.'s biggest open online course provider. The KW Real Estate Agent Professional Certificate course prepares users to build or improve their real estate skills in two to four months, based on how fast they complete the 124-hour curriculum.
Housing Wire
FEBRUARY 21, 2024
Earlier this month, the U.S. Attorney’s Office for the Southern District of New York (SDNY) announced that it had made a series of 70 charges against current and former officials from the New York City Housing Authority (NYCHA), alleging bribes and kickbacks and charging them with bribery and extortion. The investigation involved more than a year of collaboration between the office of SDNY attorney Damian Williams, the U.S.
Inman
FEBRUARY 21, 2024
Applications for purchase loans plummeted by a seasonally adjusted 10 percent last week, according to a survey of lenders by the Mortgage Bankers Association.
Housing Wire
FEBRUARY 21, 2024
Guaranteed Rate has reappointed Jeff Nelson to the position of Southeast divisional manager, the company announced on Tuesday. In his new role, Nelson will oversee sales operations and partnerships. He will also lead teams across North Carolina , South Carolina , Georgia , Florida , Tennessee , Alabama , Mississippi , Virginia and West Virginia. He will be based in the company’s Charlotte office.
Inman
FEBRUARY 21, 2024
More than 1 in 4 agents say their brokerage has changed its policy on buyer agency agreements, and fallout from commission suits has already taken a toll, according to Inman Intel Index results.
Housing Wire
FEBRUARY 21, 2024
The National Association of Realtors (NAR) announced on Wednesday the addition of a home repair estimate app to its package of NAR Realtor Benefits for members. Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document.
Inman
FEBRUARY 21, 2024
Are you ready to take your real estate entrepreneurship to the next level? Join us for an engaging webinar where we delve into the crucial aspect of professionalism and its impact on your success in the real estate industry.
Housing Wire
FEBRUARY 21, 2024
The Broker Action Coalition (BAC) — a grassroots network operated by the Association of Independent Mortgage Experts (AIME) that initiates communications between mortgage brokers and their legislators — formed its first board of directors and leadership council as it kickstarts its work as an independent nonprofit organization. The newly formed board has 10 voting member seats consisting of four lenders, four brokers, BAC chief advocacy officer and co-founder Brendan McKay , and CEO and co-found
Inman
FEBRUARY 21, 2024
How long have you been an agent? Follow these simple steps on listing appointments to answer the question and turn seller leads into signed listings, writes author and trainer Bernice Ross.
Housing Wire
FEBRUARY 21, 2024
Longtime reverse mortgage industry professional Tane Cabe has joined C2 Financial ’s reverse mortgage division as a “retirement mortgage expert,” according to an announcement issued by the company this week. Cabe, who most recently served as president of reverse mortgage lending at Fairway Independent Mortgage Corp. , helped grow that company’s division after a series of changes and a reorganization of its leadership structure in 2023.
Inman
FEBRUARY 21, 2024
The FBI has developed a decryption tool to combat the ALPHV/Blackcat ransomware variant, and authorities are offering $15 million in rewards to stop the group.
Housing Wire
FEBRUARY 21, 2024
Texas Capital Bank (TCB), a warehouse lender that is suing Ginnie Mae over loans made by TCB to now-bankrupt lender Reverse Mortgage Funding (RMF), has objected to a motion by U.S. Department of Justice (DOJ) attorneys seeking to stop the evidence gathering process, saying its requests are reasonable. Late last month, DOJ attorneys initially filed the motion , contending that TCB’s discovery targets are overly broad and would also be burdensome in terms of gathering documents and information.
Inman
FEBRUARY 21, 2024
MoxiCloud was formed to officially recommend unique technologies that can better a user’s use of the many business solutions MoxiWorks offers.
Housing Wire
FEBRUARY 21, 2024
North Carolina-based mortgage lender Premier Lending Inc. has adopted the FICO Score 10 T credit-scoring model for its nonconforming loan originations and whole loan acquisitions. Premier Lending is adopting FICO’s updated credit-scoring model “to continue to drive the company’s innovation strategy forward and help make more homeownership dreams a reality,” the company stated in a release.
Eyes on Housing
FEBRUARY 21, 2024
Homeownership provides a wide range of benefits to households. In addition to providing households with a stable place to live, homeownership also offers an opportunity for households to accumulate assets and build wealth over time through equity. As of 2022, 66.1% of U.S. households owned their homes. For families that owned a home, the median net housing value (the value.
Housing Wire
FEBRUARY 21, 2024
HomeServices of America can preserve some of its legal war chest — for now, at least. The residential brokerage was dismissed this week from one of the early real estate commission lawsuits , known as “Batton 1” after its lead plaintiff, a homebuyer named Mya Batton. Judge Andrea Wood of the U.S. District Court for the Northern District of Illinois dismissed a claim made by the plaintiffs under a federal antitrust law.
Inman
FEBRUARY 21, 2024
Police are seeking to arrest Rob Harris for allegedly swindling his ex-girlfriend out of $70,000 through theft and credit card fraud.
Housing Wire
FEBRUARY 21, 2024
An affiliate of Paceline Equity Partners LLC , a private equity manager based in Texas, completed a debt investment in a subsidiary of Constellation Software Inc. The investment stems from a merger agreement between Intercontinental Exchange (ICE) and Black Knight , which included the divestiture of Optimal Blue. ICE and Black Knight agreed to sell Optimal Blue to secure regulatory clearance of ICE’s proposed acquisition of Black Knight , a $13.1 billion megadeal announced in May 2022.
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