Mon.Mar 13, 2023

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Former Fannie Mae chief named as CEO of Silicon Valley Bank N.A.

Housing Wire

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , an FDIC-operated “bridge bank” meant to protect all depositors of the now shut-down Silicon Valley Bank (SVB).

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Slew of Negative Reviews for Appraiser Miller

Appraiserblogs

Her Google & Yelp business pages have received a slew of negative reviews from people living as far away as New Zealand! As real estate appraisers, we understand the importance of accuracy and fairness in our work.

Appraisal 135
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Guild Mortgage acquires Cherry Creek Mortgage

Housing Wire

Retail lender Guild Mortgage announced the acquisition of Cherry Creek Mortgage , a privately-held Colorado-based lender with 68 branches in 45 states. Cherry Creek will become its own division of Guild, headed by co-founder Jeff May, Guild said on Monday.

Mortgage 321
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Keller Williams’ sales dip in US as agent count takes big leap overseas

Inman

Transaction sides fell 18.2 percent year over year for a total of $472.9 billion in sales in 2022, a 12.5 percent decline, according to a full-year earnings report released Monday afternoon by the Texas-based brokerage.

Agents 151
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How the run on banks is affecting the mortgage market

Housing Wire

Following the collapse of Silicon Valley Bank last week, the biggest bank failure since Washington Mutual in 2008, two other American banks with significant roles in the housing industry were hit by a deposit run.

Mortgage 309
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AMC introduces solution for appraisal bias claims

Valuation Review

R3 AMC is focused on helping lenders navigate the appraisal process. firstinsuredappraisalsolution #ValInsure #technology #appraisalbias

More Trending

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Think globally, act locally: How the right franchise partner helps businesses expand their network and net worth

Inman

Our successful owners routinely gather to share winning business strategies, discuss joint business ventures, and help make each other even stronger, displaying an unbeatable combination of know-how and camaraderie.

Business 148
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CFPB and DOJ: Lenders are liable for appraisal discrimination

Housing Wire

The Consumer Financial Protection Bureau (CFPB) and the U.S.

Appraisal 296
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Mortgage rates nosedive in fallout from Silicon Valley Bank failure

Inman

Bank failures and a slowdown in wage growth have forecasters thinking the Fed will back off from an aggressive rate hike campaign next week. Markets & Economy Mortgage Regulations Select economy federal reserve inflation mortgage rates recession Signature Bank Silicon Valley Bank svb

Mortgage 147
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Borrowers shift toward jumbo loans, ARMs as mortgage rates rise

Housing Wire

Rate and affordability pressures continue to challenge purchase lending, driving homebuyers to alternative loan products.

Mortgage 295
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WATCH: ChatGPT – Will it Replace Agents?

Inman

Is automating responses the best tactic in an industry that typically requires a deep level of personalization? In this episode, we will take a deeper dive into the benefits of these tools for entrepreneurs and the pitfalls of relying too heavily on technology.

Agents 146
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What your title company needs to succeed in 2023

Housing Wire

The rollercoaster ride the housing market has been on for the last three years has ended. Instead of twists and turns, we believe the market will surprise us this year… simply by being boring. In a boring market, it’s more important than ever to stand out from the crowd.

Clients 256
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Inventory struggle is real, leaders declare in exclusive Inman survey

Inman

Leaders and agents who took Inman's first Intel leadership survey said inventory is among their biggest challenges right now — but growing in 2023 isn't out of the question.

Inventory 145
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Bipartisan pair reintroduce bill to make MIP deduction permanent

Housing Wire

A bipartisan pair of members from the U.S. House of Representatives last week reintroduced a bill that seeks to solidify the mortgage insurance premium (MIP) deduction. The bill, House Resolution (HR) 1384 , is sponsored by Rep. Vern Buchanan (R-Fla.) and co-sponsored by Rep.

Law 255
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Top features of branded residences for the luxury buyer

Inman

Luxury buyers place a high value on acquiring the world’s most iconic brands, so it’s only natural they would appreciate an acclaimed name when making their next great real estate purchase.

Buyers 145
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Employment Situation in January: State-Level Analysis

Eyes on Housing

Nonfarm payroll employment increased in 48 states and the District of Columbia in January compared to the previous month, while Wyoming and Rhode Island lost jobs.

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Anthony Hitt unveils brand refresh at Engel & Völkers’ EVX conference

Inman

Engel & Völkers' luxury agents poured into Miami this week for the company's 10th annual conference, where Americas CEO Anthony Hitt revealed the brokerage's "Refined" brand refresh.

Agents 140
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CoreLogic releases home price numbers for December

Valuation Review

CoreLogic reveals Home Price Index Forecast for December. homeprices #CoreLogic #HomePriceIndexForecast

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William Lauder buys Rush Limbaugh’s Palm Beach estate

Inman

The deal marks a new record price for the market of Palm Beach where the priciest deal previously went to hedge funder Ken Griffin's purchase of four parcels for $129.6 million in 2013.

Marketing 139
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Is now the time for multifamily housing investments?

Valuation Review

Cignature Realty CEO Lazer Sternhell shares multifamily housing thoughts. CignatureRealty #marketnews #2023multifamilyhousing

Realty 78
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3 questions agents need to answer right now to grow their business

Inman

There are multiple paths agents pursue to grow their business, with no shortage of online resources available. Agents can also get training from their brokerages and insights from colleagues. No development opportunity should be ignored when growing a business.

Business 132
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ATTOM: Home prices in opportunity zone redevelopment areas fall

Valuation Review

ATTOM’s fourth quarter 2022 report analyzed specific zoning areas. ATTOM #OpportunityZones #redevelopment

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Signature becomes 2nd major real estate-focused bank to fail

Inman

Signature was the largest commercial real estate lender in New York City by transaction volume and third-largest by volume since January 2020, according to PincusCo, which tracks real estate transactions.

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LoanLogics announces integration

Valuation Review

LauraMac announced integration with LoanLogics. LoanLogics #LauraMac #dataextractiontechnology

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The Pinnacle Group joins forces with Douglas Elliman

Inman

The eight-person team, established by agent Elaine Bannigan, will now work out of Douglas Elliman's new office in Wellesley, Massachusetts, the company exclusively told Inman.

Agents 119
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Fannie Mae: Unaffordability remains top housing market perception for consumers

Valuation Review

The Fannie Mae Home Purchase Sentiment Index increased for the third consecutive month in January. FannieMae #index

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With fewer million-dollar homes, is luxury OK? The Real Word

Inman

This week, hosts Byron Lazine and Nicole White are talking about the luxury market, seller's biggest regrets and the importance of technology for agents this year. Agent Industry News Opinion Select Service Teams Video luxury market re/max seller the real word

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Competitive spring shopping season expected, albeit few homes are available

Valuation Review

Zillow reports the fast-approaching spring home shopping season should feel a bit calmer. Zillow #wellpricedhomes

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Silicon Valley Bank was part of an ecosystem that sped up innovation

Inman

Silicon Valley Bank, which federal regulators took control of Friday following a run on the bank, understood the digital age, supported entrepreneurs and understood our needs, writes Inman founder Brad Inman.

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4 Data Types Your Oil & Gas Business Should Be Collecting

GoForrmz

Digital innovation starts with better data capture In a world of fast-paced innovation and new technologies, there’s one industry that tends to be a little behind the curve: Oil & Gas.

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No, it’s not 2008: How to talk to your clients about Silicon Valley Bank

Inman

The meltdown of Silicon Valley Bank has sent shockwaves through the proptech industry. Here’s how to keep it from poisoning the well during the spring market. Agent Brokerage Columns Content Marketing Marketing Marketing & Branding Month New Agent Opinion Select Service Teams Theme Months 2008 Signature Bank Silicon Valley Bank theme-month-202303 Troy Palmquist

Clients 113
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How Did A $200B+ Bank Collapse In 48 Hours? Is Real Estate Going To Be Impacted?

BiggerPockets

Last week, Silicon Valley Bank (SVB) rapidly collapsed—going from normal operations to insolvency in a matter of days. SVB was the 16th largest bank in the United States, with about […] Real Estate News

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CHALLENGE: Refresh your website in 7 days

Inman

If your website is looking more Myspace than TikTok, it's probably time for a refresh. Here's how to get it done quickly, no matter what your budget looks like.

Design 112
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Broker on the value of vulnerability and being '100% real'

Mortgagebroker News

Industry veteran highlights the core importance of showing up

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