Housing Wire

JANUARY 19, 2024

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. “This letter serves to give you an amended 60-day notice of permanent layoffs and facility closures effective Feb. 6, 2024,” Sherry Carson, human resources generalist at Country Club Mortgage, wrote in a letter sent to the Employment Development Department in California in early December.

Human Resources 458

Human Resources Mortgage Loan Officers Finance 458

Real Estate News

JANUARY 19, 2024

According to the latest NAR data, just 4.09 million existing home sales were reported in 2023, the lowest number in nearly three decades.

302

302

Housing Wire

JANUARY 19, 2024

Tennessee-based community bank Patriot Bank agreed to pay $1.9 million to resolve allegations from the Department of Justice (DOJ) that it engaged in redlining discriminatory practices. The DOJ alleged that from 2015 through at least 2020, Patriot avoided providing mortgage services to majority- Black and Hispanic neighborhoods in Memphis, Tennessee and discouraged people seeking credit in those communities from obtaining home loans.

Loan Officers 458

Loan Officers Lending Advertising Home Improvement 458

Real Estate News

JANUARY 19, 2024

The latest filing focuses on the Northeastern part of California and takes aim at MetroList MLS as well as multiple associations and brokerages.

Brokerage 257

Brokerage 257

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. In 2023, 4.09 million existing homes were sold, the fewest since 1995. “Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November.

Inventory 441

Inventory Realtors Housing Market Construction 441

Real Estate News

JANUARY 19, 2024

All eyes are on inventory levels — which are up slightly compared to a year ago — as the market gears up for spring.

Inventory 260

Inventory Marketing 260

Real Estate News

JANUARY 19, 2024

A former female employee claims she was harassed, then fired for resisting advances from Chris Nevada of the Nevada Real Estate Group.

Real Estate 217

Real Estate 217

Housing Wire

JANUARY 19, 2024

Nonbank mortgage lender and servicer loanDepot has started to restore functionality to some of its technology systems impacted by an early January cyberattack. However, its operations remain impacted as it continues to investigate the incident. On Jan. 18, the company began to restore several impacted systems over the course of the day beginning with its servicing customer portal.

Technology 421

Technology Law Real Estate Mortgage 421

Eyes on Housing

JANUARY 19, 2024

Despite record high inflation rates, rising interest rates, and worsening housing affordability, young adults continued the post-pandemic trend of moving out of parental homes in 2022. The share of young adults ages 25-34 living with parents or parents-in-law declined and now stands at 19.1%, according to NAHB’s analysis of the 2022 American Community Survey (ACS) Public Use Microdata Sample (PUMS).

Law 185

Law Buyers 185

Housing Wire

JANUARY 19, 2024

The rash of recent mortgage and title industry data breaches serves as a sobering reminder of the paramount importance of cybersecurity. In this first installment of our reducing cyber risk series, let’s explore a crucial facet of cybersecurity: bolstering resilience in your critical systems and services. Just like a well-built castle can withstand attacks, having defined resiliency requirements for your digital infrastructure can help reduce risks and protect your business from a potential brea

Real Estate 410

Real Estate Mortgage Business Development 410

Inman

JANUARY 19, 2024

Listing tour and digital twin solution iGuide has updated its suite of products with a faster, cost-efficient method for creating immersive property experiences called iGuide Instant.

Technology 190

Technology 190

Eyes on Housing

JANUARY 19, 2024

Existing home sales slipped in December, ending 2023 at the lowest level since 1995, according to the National Association of Realtors (NAR). In 2023, the decline was largely attributed to worsening housing affordability and persistently low supply, exacerbated by higher interest rates. Low inventory, along with strong demand, drove the median home price to a record high of $389,800 in.

Realtors 173

Realtors Inventory 173

Inman

JANUARY 19, 2024

Senior housing expert Rachael Hite shares data around seniors, aging in place, downsizing and the real cost of retirement. Housing experts predicting a "Silver Tsunami" are underestimating what boomers actually want.

Clients 187

Clients Agents Marketing 187

GoForrmz

JANUARY 19, 2024

Try these top five features to transform your manufacturing processes In today’s world of manufacturing, every second counts. Businesses are leaving traditional paperwork behind and looking for more effective processes. And that’s where GoFormz comes in! GoFormz provides digital forms that are powered by a suite of features, modernizing the way the world collects information.

Design 78

Design Modernization Inspection Tools 78

Inman

JANUARY 19, 2024

Government alleges competitors in Patriot's peer group made home loans in minority areas of Memphis at almost three times the rate of Patriot from 2015 to at least 2020.

Government 180

Government Lending Mortgage 180

Appraisal Hub

JANUARY 19, 2024

In the bustling city of Toronto, commercial real estate is a dynamic and vital sector. Understanding the value of commercial properties is crucial for investors, property owners, and businesses alike. As a subject expert in commercial real estate appraisals, I’ll guide you through the three primary approaches to determining property value. These methods are essential tools used by professional appraisal firms, like the renowned Appraisal Hub Inc. in Toronto, to provide accurate and reliabl

Real Estate 78

Real Estate Construction Appraisal Investors 78

Inman

JANUARY 19, 2024

Homesellers allege 36 Realtor association, brokerage, and multiple listing service defendants conspired to inflate buyer broker commissions in violation of state and federal antitrust laws.

Brokerage 176

Brokerage Law Realtors Buyers 176

BiggerPockets

JANUARY 19, 2024

Foreclosure numbers rose steadily throughout 2023 and increased year-over-year from 2022. Now, as we enter 2024, will those numbers hold up, and what should you make of them?

Investors 81

Investors Investing Real Estate 81

Inman

JANUARY 19, 2024

The new lawsuit — the second filed in California this week — takes aim at rules enacted and enforced by MetroList and complied with by some of the nation's biggest real estate firms.

Realtors 180

Realtors Real Estate Brokerage Agents 180

Appraisal Today

JANUARY 19, 2024

The Sopranos – Lupertazzi’s Rough Up Appraiser To watch, click the video above. Opens in You Tube. Members of the Lupertazzi Crime Family rough up an appraiser who is involved with Tony’s HUD scam. I will never forget “I’m only the appraiser!” I use the phrase sometimes ;> It’s one of the few times appraisers are in movies or TV series!

Appraisal 72

Appraisal Contracts Real Estate Architecture 72

Inman

JANUARY 19, 2024

In some markets, prime real estate close to one of the nation's leading destinations can be had for as little as $110,000. Elsewhere, it might cost a homebuyer several millions of dollars to live next to their favorite landmark.

Real Estate 170

Real Estate Marketing 170

BiggerPockets

JANUARY 19, 2024

while many people know about the potential expenses and risks that come with the actual acquisition, remodeling, and sale of house flipping, some investors are surprised to learn about the taxes involved.

Investors 76

Investors Law 76

Inman

JANUARY 19, 2024

California attorney general Rob Bonta claimed in a civil lawsuit filed in LA County Superior Court that Shangri-La Industries illegally put developments in the state's Project Homekey homeless housing program under threat by borrowing against them.

Development 175

Development Marketing 175

BiggerPockets

JANUARY 19, 2024

Fractional real estate investing involves several investors owning a portion of one or more properties. With fractional ownership, you can invest in real estate with lower capital.

Real Estate 71

Real Estate Investing Investors 71

Inman

JANUARY 19, 2024

One of a number of consumer-facing solutions that promises to minimize the role of the agent for the sake of efficiency, this platform still lacks some of the advanced technologies needed to advance the transaction beyond the reach of those licensed to sell homes.

Agents 170

Agents Technology Real Estate 170

BiggerPockets

JANUARY 19, 2024

Making decisions on your properties can be the toughest thing you do, so we've made it much easier. Follow this guide to make the right decision!

76

76

Inman

JANUARY 19, 2024

Federal Judge Thomas S. Zilly declined REX's motion for a retrial on Thursday. The company had been a years-long battle with Zillow over alleged antitrust activity regarding its IDX policies.

Buyers 175

Buyers Real Estate Agents 175

BiggerPockets

JANUARY 19, 2024

A new report from Zillow details that this market will boom in 2024. Where is it? And should you invest here?

Investing 85

Investing Marketing Real Estate 85

Inman

JANUARY 19, 2024

The Airbnb Housing Council will advise the home-sharing company on policies and initiatives it can support to combat housing affordability and inventory issues.

Inventory 176

Inventory Investing 176

Houston Properties

JANUARY 19, 2024

Houston Comparative Market Analysis for selling your Houston home. Free Houston Market Value of my home free. Free Houston home value report.

Home Value 69

Home Value Market Value Marketing 69

Inman

JANUARY 19, 2024

Lawsuit after lawsuit dropped this week, with no end in sight. How will it affect your professional future, and what can you do to strengthen your business?

Business 180

Business Agents 180

Mortgagebroker News

JANUARY 19, 2024

The latest results indicate the development community's confidence in the market, says Avison Young

Marketing 71

Marketing Development 71

Inman

JANUARY 19, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 179

Brokerage Agents 179

Mortgagebroker News

JANUARY 19, 2024

Canadian mortgage holders are wrestling with progressively higher mortgage payments every renewal period

Mortgage 68

Mortgage 68