Housing Wire
JANUARY 10, 2024
Despite an uptick in mortgage rates at the beginning of 2024, mortgage demand surged after adjusting for the holiday. Mortgage applications increased 9.9% for the week ending Jan. 5 compared to one week earlier, according to data from the Mortgage Bankers Association (MBA). The 30-year fixed mortgage rate averaged 6.62% as of Jan. 4, according to Freddie Mac ’s Primary Mortgage Market Survey.
Real Estate News
JANUARY 10, 2024
The brokerage’s new Private Label initiative gives teams access to Real’s platform and revenue sharing model while maintaining their independent brand.
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Housing Wire
JANUARY 10, 2024
The U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) on Tuesday released its priority open recommendations report, submitted to HUD Secretary Marcia Fudge designed to highlight as-yet unaddressed risks in the management of the department. “The report highlights for HUD leadership 35 open recommendations from OIG reports that, if implemented, will help HUD address its most serious management challenges and enhance critical aspects of its operations,” th
Real Estate News
JANUARY 10, 2024
For the second year in a row, the Swanepoel Power 200 designated Sue Yannaccone, Anywhere Brands president and CEO, as the most powerful female leader.
Housing Wire
JANUARY 10, 2024
University Bank ’s reverse mortgage division has added four key hires across different disciplines as it prepares to grow further in the reverse mortgage space. Jake Droge joins the company as a loan officer, while Carol Olmos has joined the company as an account executive. Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year.
George Dell
JANUARY 10, 2024
Is thinking necessary? Are there different types of thinking? Can I avoid thinking about this? As the appraisal profession transitions to data analysis methods – we discover that judgment becomes more important – not less important. In fact, it does require we think about thinking! Let’s go! We can contrast a critical thought process with […] The post Critical Thinking?
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
JANUARY 10, 2024
Fannie Mae’s Home Purchase Sentiment Index closed out the year on a relative high note as borrowing costs fell.
Housing Wire
JANUARY 10, 2024
TransUnion released a new portfolio management solution designed to help lenders assess the riskiness of a portfolio from a property value perspective, the company announced on Wednesday. TruVision Consumer Property Insights’s mission is to help protect both lenders and borrowers from the potential risks associated with property value fluctuations, the company said.
Real Estate News
JANUARY 10, 2024
Cases filed in Arizona and Illinois target At World, Realty One, HomeSmart, Realty Executives and several local firms and Realtor associations.
Housing Wire
JANUARY 10, 2024
Most agents seldom sell homes, according to a new study published by the Consumer Federation of America last week. The study, CFA’s third of three on this topic, suggests that a significant portion of agents in the U.S. sell at most five homes in a year. It relies on examinations of agents’ sales for five major real estate firms in each of four geographic areas; out of a sample of 2,000 agents, 100 were selected randomly from each firm in each area.
Inman
JANUARY 10, 2024
The defendants point to "legal errors at trial" they say justify setting aside the jury's historic, multi-billion-dollar verdict and giving the defendants another chance to make their case in court.
Housing Wire
JANUARY 10, 2024
Enterprise Community Partners announced on Wednesday the appointment of Kari Downes to the position of president at its housing credit investments business, effective April 1. Downes, who currently serves as Enterprise Housing Credit Investments EVP, will succeed current president Scott Hoekman who has spent the past 30 years at Enterprise. In addition to serving as president, Downes “will also serve as a member of the leadership team of Enterprise’s Capital division, which collectively oversees
Inman
JANUARY 10, 2024
More than 30 proptech leaders who responded to the Inman Intel Index monthly sentiment survey signaled the areas where they believe artificial intelligence will most change real estate in 2024.
Housing Wire
JANUARY 10, 2024
Guild Mortgage has filed a petition in a district court in Washington to confirm a $10.7 million award resulted from an arbitration dispute against three former employees accused of poaching when they transitioned to rival CrossCountry Mortgage. The case began in August 2021 when Guild filed a demand for arbitration claiming Christopher Flowers, Cory Flynn and Lisa Jolliffe, who left the Kirkland branch weeks before joining CCM, allegedly “engaged in a massive, coordinated effort to di
Inman
JANUARY 10, 2024
As part of its ongoing effort to market alternatives to affiliating with legacy real estate brands, publicly traded The Real Brokerage has announced two new forms of partnership, Private Label and ProTeams.
Housing Wire
JANUARY 10, 2024
HomeEquity Bank , Canada’s leading reverse mortgage lender and a federally regulated bank, recently announced the hiring of former Canadian Broadcasting Corporation (CBC) news anchor Peter Mansbridge to serve as its strategic communications consultant. Mansbridge served as the lead anchor for CBC News’ “The National,” its flagship broadcast, from 1988 to 1992, and then from 1995 until his retirement in 2017.
Inman
JANUARY 10, 2024
Adaptive authentication is at the heart of the system, a form of user identification that applies at random one of many factors to verify the request for access, such as location, device status and even the individual’s recent online behavior.
Housing Wire
JANUARY 10, 2024
Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology. Blue Sage Solutions’s primary product offering is a cloud-based digital lending platform designed to operate in the retail, wholesale, and correspondent lending channels while ensuring compliance.
Inman
JANUARY 10, 2024
Words are very powerful, writes broker Joseph Santini, so choose them carefully. You'll enjoy the rewards of great communication and more success in your business and your life.
Housing Wire
JANUARY 10, 2024
You’re excited to get your next listing on the market, but now you’re feeling the pressure to do an amazing job for your sellers, who have put their trust in you and are excited about making a move. All sellers expect the same things from you, whether they’re a repeat client, a referral, relocating executive, a luxury home owner or a first-time seller.
Inman
JANUARY 10, 2024
Demand for purchase loans picked up last week as would-be homebuyers took advantage of rates that are still a full percentage point lower than 2023 highs.
Housing Wire
JANUARY 10, 2024
Like the corporate brokerage defendants in the Sitzer/Burnett commission lawsuit , the National Association of Realtors also filed post-trial motions. The motions were filed on Monday prior to the filing deadline, but they did not appear on the court docket until Tuesday evening. The trade group joined defendants HomeServices of America and Keller Williams in filing motions for judgement as a matter of law and a new trial.
Inman
JANUARY 10, 2024
Members already reeling from a series of accusations and leadership changes told Inman Tracy Kasper's resignation as president after less than five months doesn't bode well for NAR's reputation.
Housing Wire
JANUARY 10, 2024
Nonbank mortgage lender and servicer Pennymac Financial Services scrapped its plans to hire more than 300 staff in North Carolina due to prolonged periods of elevated interest rates. In 2021, Pennymac vowed to create 322 jobs in Wake County, North Carolina and invest $4.3 million into Pennymac Loan Services, its mortgage lending subsidiary, to establish a mortgage fulfillment production center in Cary, North Carolina.
Inman
JANUARY 10, 2024
Nearly half of real estate agents sold next-to-nothing last year, writes mega-team leader Carl Medford. He shares strategies to help you turn disappointment into success in 2024.
Housing Wire
JANUARY 10, 2024
AutomatIQ Borrower from CoreLogic is a one-stop borrower verification and qualification platform. The platform was built focused on two key aspects: what data do lenders need, and why do lenders need this data? Lenders need answers to three key questions: Does the borrower have the capacity to pay? Does the borrower have the propensity to pay? Does the borrower have the ability to pay?
Inman
JANUARY 10, 2024
RE/MAX CEO Nick Bailey says it's time to change the narrative on homeownership as a viable possibility for many Americans. Education and solutions-oriented service can help buyers find a workable path to the closing table.
Eyes on Housing
JANUARY 10, 2024
Per the Mortgage Bankers Association’s (MBA) survey through the week ending January 5th, total mortgage activity increased 9.9% from the previous week, and the average 30-year fixed-rate mortgage (FRM) rate rose five basis points to 6.81%. After the total mortgage activity index fell 10.7% in the last week of December, it bounced back in the first week of the year.
Inman
JANUARY 10, 2024
Pacaso has properties in Mexico, the United Kingdom, Spain and now France, as the second home marketplace has acquired its first property in Paris’ 7th arrondissement, according to a January 10 press release sent to Inman.
Birmingham Appraisal
JANUARY 10, 2024
A Final Look at 2023 Birmingham Housing Stats If asked what their final thoughts are about the 2023 real estate market coming to an end most agents would probably reply “Good riddance”! The 2023 real estate market was not good to most in the industry and today we’re going to look at what happened in December with Birmingham Housing Stats as well as the year in general.
Inman
JANUARY 10, 2024
Interest rates are poised to fall in 2024 — a piece of much-needed news for the millions of would-be buyers and sellers who've been locked out of the market after an extraordinary rise in rates from 2022 to 2023. However, if burgeoning economic tailwinds twist another way, a new Clever Real Estate survey published Tuesday revealed millennial buyers are ready to weather the storm rather than continue to wait.
BiggerPockets
JANUARY 10, 2024
Building a portfolio strategy doesn't have to be difficult. It just requires a little thought and time. Here's how I'm expanding my portfolio this year.
Inman
JANUARY 10, 2024
Manhattan has been experiencing a buyers' marker since the summer of 2022, a new report argues, but the winds are about to shift.
Lamacchia Realty
JANUARY 10, 2024
The #1 REALTOR® in the Lamacchia Realty Beverly office for 2023 is Rosalee DiScipio! Rosalee achieved the Most Transactions and the Highest Sales Volume in the Beverly office with 26 homes closed and over $23,000,000 sold in sales volume! This is Rosalee’s first time winning for Most Transactions, and she previously took home the award for the Highest Sales Volume in the Beverly Office in 2020.
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