Housing Wire

FEBRUARY 8, 2023

The Consumer Financial Protection Bureau (CFPB) is putting mortgage comparison sites on notice, laying out scenarios regarding how certain platforms could be violating the Real Estate Settlement Procedures Act (RESPA) section 8. If the mortgage comparison site “provides enhanced placement or otherwise steers consumers” to certain operators based on compensation, an operator is in violation of the RESPA section 8, according to CFPB’s advisory opinion published on Tuesday.

Mortgage 370

Mortgage Real Estate Contracts Development 370

George Dell

FEBRUARY 8, 2023

Multiple regression works very well under some conditions. We ask: Are these conditions true in most real property valuations? This is actually a vast topic, so we can only reflect on some of the conditions or assumptions which are required for a multiple regression to be valid. Much (if not all) “advanced” appraiser education makes […] The post Ban Multiple Regression?

Valuation 370

Valuation Real Property Appraisal 370

Housing Wire

FEBRUARY 8, 2023

During the week that mortgage rates very briefly touched down into the 5% range, mortgage applications increased 7.4%, according to the latest reading from the Mortgage Bankers Association. Still, mortgage demand is down 58% from a year prior. Mortgage rates fell to 5.99% on Thursday, Feb. 2 following comments made by Federal Reserve Chairman Jerome Powell about disinflation.

Mortgage 370

Mortgage Contracts Inventory Marketing 370

Real Estate News

FEBRUARY 8, 2023

RE/MAX, KW and Compass are among the companies customizing and rolling out a new generation of CRMs for their agents and broker-owners.

Agents 258

Agents Brokerage Investing 258

Housing Wire

FEBRUARY 8, 2023

Amid a battle with the board of directors, loanDepot ‘s founder Anthony Hsieh is stepping down as executive chairman. However, he will remain chairman for the company’s board, the company announced on Wednesday. The announcement came the day after Hsieh said he had decided to use his majority voting power to unilaterally nominate Williston Financial Group executive Steven Ozonian to the board of directors.

Government 370

Government Investors Finance Mortgage 370

Real Estate News

FEBRUARY 8, 2023

Zillow Chief Economist Skylar Olsen looks at the state of mortgage rates and ways agents can help buyers and sellers in this rebalancing cycle.

Housing Market 218

Housing Market Mortgage Marketing Sellers 218

Inman

FEBRUARY 8, 2023

The luxury brand's billion-dollar growth in terms of agent business came in large part from strategic recruitment by its Sereno and Orange County affiliates, as well as the addition of star agent Aaron Kirman.

Agents 148

Agents Business Real Estate Brokerage 148

Housing Wire

FEBRUARY 8, 2023

Mortgage rates are on a declining trend, but don’t be fooled – the industry’s efforts to rightsize from a pandemic boom will continue through 2023. Up to 30% of the 1,000 largest independent mortgage banks will disappear by the end of this year, either through sales, mergers, or failures amid still-high inflation and rising interest rates, according to projections by the M&A advisory firm Sterling Point Advisors.

Retail 284

Retail Finance Lending Mortgage 284

Inman

FEBRUARY 8, 2023

Warehousing? Inflated algorithms? Shady developers? They're all part of a new report on what's driving up rental prices in New York City. However, social media users aren't buying the theory.

Development 148

Development Marketing 148

Eyes on Housing

FEBRUARY 8, 2023

The balance of consumer credit outstanding grew 6.5% in the fourth quarter of 2022 (seasonal adjusted annual rate) after climbing 6.7% (SAAR) in the third quarter according to the Federal Reserve’s latest G.19 Consumer Credit report. Revolving debt—which consists primarily of credit card debt—increased at a 12.0% rate, as the level of nonrevolving debt (excluding real estate) grew 4.8% (SAAR).

Real Estate 142

Real Estate 142

Inman

FEBRUARY 8, 2023

Whether you’re talking about the competition or complaining about your broker, Article 15 precludes you from going too far. Broker Troy Palmquist lays out the case for watching your words to avoid violating the Code of Ethics.

Brokerage 148

Brokerage Agents 148

Eyes on Housing

FEBRUARY 8, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending February 3rd, total mortgage activity increased 7.4% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell one basis point to 6.18%. The FRM rate has fallen around 100 basis points since October of 2022.

Mortgage 138

Mortgage Marketing Lending Finance 138

Inman

FEBRUARY 8, 2023

Gen Zers and millennials who signed new leases in December saw their cost of goods and services increase 5.6 percent and 6.1 percent, respectively, according to a new report by Redfin.

Brokerage 146

Brokerage Marketing 146

Real Estate News

FEBRUARY 8, 2023

Knock has opened up its Home Swap program to allow any lender to participate.

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144

Inman

FEBRUARY 8, 2023

UtahRealEstate.com is the latest multiple listing service to partner with CubiCasa on free floor plans and discounts on property analytics and the startup's database of real estate photographers.

Real Estate 145

Real Estate Technology 145

Appraiserblogs

FEBRUARY 8, 2023

Your trade has been under assault for years. The de minimus rule was the first I sensed of the end of your trade. I am going off of vague memory but I think it was 1997, and at the time, the near majority of my town was below the $250,000 threshold, as were 90% of the towns adjacent. I remember an old horse telling me the handwriting was on the wall for him and his kind.

Appraisal 104

Appraisal Realtors 104

Inman

FEBRUARY 8, 2023

To get a clearer picture of where things stand for builders — and where they're headed for investors — Inman compiled financial results from the nation's five largest publicly traded homebuilders.

Investors 144

Investors Construction Marketing 144

GoForrmz

FEBRUARY 8, 2023

Automatically generate unique ID numbers with the AutoNumber field GoFormz supports various field types for form creation, ranging from standard Text fields to less traditional form fields like Sketches and Barcodes. It’s one of the many benefits of digitizing forms and transitioning businesses to a completely paperless operation. Form fields, otherwise known in the GoFormz application as Template Fields, are designed to streamline business processes, increase efficiency, and accurately capture

Business 78

Business Training Design Finance 78

Inman

FEBRUARY 8, 2023

Joining a high-performing team has become a popular option for agents at all levels, Adam Hergenrother writes. Here are seven reasons you should consider making the move to a real estate team in 2023.

Real Estate 143

Real Estate Agents 143

Birmingham Appraisal

FEBRUARY 8, 2023

All Appraisals Are Not The Same All appraisals are the same, right? Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes.

Realtors 77

Realtors Appraisal Market Value Real Estate Agent 77

Inman

FEBRUARY 8, 2023

Do you find yourself playing the blame game during the transaction with other agents? Ryan Zomorodi recommends these tips to stay on the high ground and keep the transaction moving forward.

Real Estate 143

Real Estate Agents Business Marketing 143

Lamacchia Realty

FEBRUARY 8, 2023

TIPS FOR GETTING STARTED WITH YOUR SMART HOME Smart homes might seem like a far-off futuristic concept, but with the continual advances in technology, they are becoming increasingly popular, and rightfully so. With the ability to turn on the lights, set the thermostat, set the alarm system, and even start music with a simple voice command, smart technology is making everyday tasks that much easier.

Technology 78

Technology Realty Real Estate Investing 78

Inman

FEBRUARY 8, 2023

RESAAS said it’s going to put the software to work on property descriptions to help users at the Premium and Ultimate account levels get over creative hurdles and more efficiently tackle general marketing tasks.

Marketing 142

Marketing Technology 142

Housing Wire

FEBRUARY 8, 2023

When mass-market loan origination systems emerged on the scene in the early 1990s, they revolutionized the mortgage workplace by allowing originators to save loan files on a personal computer and share them across local networks — a huge step up from typewritten applications and mainframe computing. Later that decade, the introduction of mortgage point of sale (POS) platforms again transformed the industry, ushering in the term ‘digital mortgage’ and modernizing the loan application and originat

Loan Officers 74

Loan Officers Technology Lending Transportation 74

Inman

FEBRUARY 8, 2023

Fifth Wall's co-founder revealed why proptech is worthy of venture capital, how friction generates money for lenders and why physics can better illuminate real estate’s carbon footprint.

Technology 139

Technology Investing Real Estate Marketing 139

Lamacchia Realty

FEBRUARY 8, 2023

Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for January 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! January 2023 Winners of the Top 10 for the Company are: Eileen Doherty grew up in Woburn and resides in the area to this day.

Realtors 73

Realtors Realty Agents Clients 73

Inman

FEBRUARY 8, 2023

"TechCrunch" reported that the start of 2023 has been more active than many anticipated, stating that $8 billion in new capital commitments were made in the last week of January.

Technology 137

Technology Marketing 137

Valuation Review

FEBRUARY 8, 2023

#Washington #nationscapitol, #appraisalsubcommittee #hearing #appraisalbias #coverage

Appraisal 78

Appraisal 78

Inman

FEBRUARY 8, 2023

California Regional MLS is teaming up with Styldod, which CRMLS partially owns, to improve how it handles listing photos and rule violations and to eventually provide a revenue pipeline.

Technology 138

Technology 138

National Association of Realtors

FEBRUARY 8, 2023

Learn about the federal government’s action plan to eliminate bias in the appraisal process and what you can do to contribute to its mission.

Clients 77

Clients Appraisal Appraisal Process 77

Inman

FEBRUARY 8, 2023

Personality conflicts can be frustrating, but they don't have to undermine your business. Find out how to make peace with that agent who rubs you the wrong way.

Agents 145

Agents Business Real Estate Brokerage 145

Valuation Review

FEBRUARY 8, 2023

#MortgageBankersAssociation #BuilderApplicationSurvey #mortgageapplications #newhomepurchases

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Inman

FEBRUARY 8, 2023

The founder is in a spat with the board after nominating real estate veteran Steve Ozonian to serve on the floundering mortgage lender's board of directors.

Real Estate 146

Real Estate Mortgage 146

Mortgagebroker News

FEBRUARY 8, 2023

A recent dip in GoC bond yields has provided some welcome relief – but more twists and turns could be ahead

Mortgage 69

Mortgage 69