Housing Wire
APRIL 10, 2024
R New York , a brokerage boasting approximately 800 agents, has joined the American Real Estate Association , an alternative to the National Association of Realtors (NAR), according to The Real Deal. The American Real Estate Association’s membership increased by nearly 30% after the absorption of R New York members, bringing the total to roughly 3,800 members.
Appraisal Buzz
APRIL 10, 2024
Fannie Mae is selling a pool of approximately 1,205 deeply delinquent mortgages totaling $221.9 million in unpaid principal balance (UPB) and a community impact pool (CIP) totaling approximately 52 deeply delinquent loans totaling $14.5 million in UPB. The CIP consists of loans geographically located in the New York area. CIPs are typically smaller pools of loans that are geographically focused and marketed to encourage participation by non-profit organizations, minority- and women-owned busines
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
APRIL 10, 2024
The most anticipated economic report of the month showed that inflation has not just stalled, but increased. The news almost certainly rules out a rate cut in June, and traders are increasingly skeptical there will be more than a couple cuts in 2024, if any at all. Consumer prices in March were up 3.5% from a year earlier, up from 3.2% in February, according to data released by the Bureau of Labor Statistics on Wednesday.
Appraisal Buzz
APRIL 10, 2024
Mortgage application volume inched up 0.1% on an adjusted basis during the week ended April 5, as the average rate for a 30-year mortgage increased to 7.01%, up from 6.91% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances increased 10% compared with the previous week – which included the Easter holiday – and were up 4% compared with the same week one year ago.
Housing Wire
APRIL 10, 2024
HomeEquity Bank , the leading reverse mortgage lender in Canada and a Schedule I federal bank in the country, announced on Wednesday that its longtime president and CEO Steven Ranson will retire effective June 30. “We have achieved what I set out to achieve many years ago; to establish reverse mortgages and HomeEquity Bank as a respected choice for older Canadians,” Ranson said in a statement.
Appraisal Buzz
APRIL 10, 2024
Floify , a point of sale solution for mortgage lenders, now pre-populates loan applications for borrowers using data on file in Total Expert. The enhanced integration enables lenders to support a lending experience that reflects the acquired knowledge of a nurtured relationship, Floify says in a release. With this integration, loan originators can send pre-populated loan applications to borrowers, leveraging the existing data within Total Expert.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
APRIL 10, 2024
Rocket Mortgage has rolled out an artificial intelligence (AI)-driven technology platform designed to make homeownership simpler and quicker. The new platform makes the mortgage process more efficient by combining insights from more than 10 petabytes of proprietary data and 50 million annual call transcripts with state-of-the-art deep learning and generative AI systems, the online lender says in a release.
Housing Wire
APRIL 10, 2024
Cybercrime losses rose to a record high of $12.8 billion in 2023, according to the latest Federal Bureau of Investigation Internet Crime Report , published earlier this week. In 2023, the FBI noted that it fielded 880,418 cybercrime complaints, a 10% uptick from the year prior. The potential losses from these complaints also rose to a record high, jumping 22% from the prior year.
Appraisal Buzz
APRIL 10, 2024
Today on the Appraisal Buzzcast, host Hal Humphreys has a chance to speak with Pam Teel. Pam is the Owner of Teel Consulting Services, an AQB-Certified USPAP Instructor, and a real estate appraisal consultant, mentor, and instructor. In this episode, we chat about foreclosures, short sales, and more. The market has been hot for a long time, but as the time on market has increased recently, we are seeing prices come down.
Housing Wire
APRIL 10, 2024
Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. In its March Supervisory Highlights, the FDIC stated that many institutions have developed policies and procedures to ensure sufficient mortgage broker services are provided in order to receive compensation , which was the first of a two-part test.
George Dell
APRIL 10, 2024
The second of our “foibles” in USPAP may be from that same paragraph on page (ii), noted last week. This paragraph effectively sets the mission statement for the Appraisal Foundation. The paragraph is titled: “ABOUT THE APPRAISAL FOUNDATION.” It states the AF provides “guidance on recognized valuation methods and techniques for all valuation professionals.
Housing Wire
APRIL 10, 2024
The U.S. Department of Veteran Affairs (V.A.) announced on Wednesday morning a program to purchase defaulted V.A. loans from mortgage services and place them in its portfolio at a fixed 2.5% interest rate. The Veteran Affairs Servicing Purchase (VASP) program attempts to prevent foreclosure actions against military members still experiencing financial hardship due to the consequences of the COVID-19 pandemic.
Eyes on Housing
APRIL 10, 2024
Consumer prices continued to rise in March, with shelter and gasoline prices driving over half of the total increase. This marks the third consecutive strong reading. Despite a slowdown in the year-over-year increase, shelter costs continue to put upward pressure on inflation, accounting for over 60% of the total increase in all items excluding food.
Housing Wire
APRIL 10, 2024
The Conference of State Bank Supervisors (CSBS) and the Federal Housing Finance Agency (FHFA) have signed onto a memorandum of understanding to formally share information between each other related to nonbank mortgage companies. “The [MOU] establishes substantive information sharing protocols between state financial regulators and FHFA, improving the ability to coordinate on market developments, identify and mitigate risks, and ultimately, further protect consumers, taxpayers, and the nation’s h
Real Estate News
APRIL 10, 2024
The mortgage wholesaler is accused of steering and “cheating” borrowers through excessive fees, echoing some claims seen in the commissions cases.
Inman
APRIL 10, 2024
NAR told the US Patent and Trademark Office on Monday that an NYC-based investment firm that operates fintech marketplace Republic has stepped over the line with its logo. What do you think?
Real Estate News
APRIL 10, 2024
Deal of the Year winner returns to Compass; The Agency opens in Steamboat Springs; Bay Area firm joins Real; ERA and BHGRE gain affiliates in MD and KY.
Inman
APRIL 10, 2024
Bond market investors who fund most mortgage loans are increasingly convinced the latest inflation numbers mean the Federal Reserve won't cut rates in June.
GoForrmz
APRIL 10, 2024
Everything from Template Editor updates to enhanced mobile notifications Recorded live on April 9th, 2024, Kelsey Griswold, VP of Product at GoFormz, and GoFormz Marketing Manager, Victoria Horn cover the latest GoFormz feature updates, and provide a look at what features are soon to be released, finishing up with a Q&A from all our attendees. We hope you enjoy this video recap, and if you have a specific feature in mind, check out the timeline below with detailed timestamps on when certain
Inman
APRIL 10, 2024
With the addition, roughly 800 agents will boost the American Real Estate Association's membership by nearly 30 percent to about 3,800 members.
BiggerPockets
APRIL 10, 2024
Growing old is a fact of life—even for Keith Richards—and while it’s doubtful you’ll see world-famous rock stars or aging screen stars in a residential assisted living (RAL) facility, for […]
Inman
APRIL 10, 2024
A $418 million settlement in March by NAR caught agents and leaders by surprise. In a mixed bag of responses to the latest Intel Index poll, they shared their early reactions and existential fears.
BiggerPockets
APRIL 10, 2024
With so many real estate tax write-offs, it’s no wonder that CPA Brandon Hall says rental real estate is one of the most tax-advantaged assets on the planet.
Inman
APRIL 10, 2024
The 2022 REBNY award winner has decided to return to Compass after a nearly two-year stint over at Corcoran. He said Compass' tech was "light years ahead of other brokerages.
BiggerPockets
APRIL 10, 2024
In a recent episode of the BiggerPockets Real Estate Podcast, I had the privilege of chatting with Mindy Jensen about my journey to financial independence.
Inman
APRIL 10, 2024
The Detroit-based lender unveiled "Rocket Logic" on Tuesday, an AI-fueled platform that can glean insights from 10 petabytes of proprietary data and transcripts from 50 million borrower calls each year.
Lamacchia Realty
APRIL 10, 2024
FEATURES THAT CAN MAKE OR BREAK THE VALUE OF YOUR HOME Many homeowners believe that their home’s value is automatically increased if they have a unique feature. They think that they should be able to place a higher asking price on their home in comparison to similar homes in the same neighborhood that don’t have these features. However, homeowners should be aware of certain factors that determine whether a feature increases or decreases the value of a home.
Inman
APRIL 10, 2024
The LA-based luxury powerhouse agents have been collaborating together at Compass for six years, and after clients suggested they make their partnership official, the pair have formed Jones Fridman International.
BiggerPockets
APRIL 10, 2024
When discussing rental properties, it’s common for people to refer to multifamily residences.
Inman
APRIL 10, 2024
Citing recent court victories, UWM says, "It is not uncommon nor illegal for a broker to send most or all of their business to a specific lender.
BiggerPockets
APRIL 10, 2024
If you’ve been reading our stuff for the past year or so, you know we’re bullish on preferred equity.
Inman
APRIL 10, 2024
Forget searching online for the perfect assistant, trainer Bernice Ross writes. AI is rapidly evolving, and the best assistant you have ever hired may be just a few clicks away.
BiggerPockets
APRIL 10, 2024
Mortgage rates were supposed to be going down by now, but what happened?
Inman
APRIL 10, 2024
On the "Real Estate Insiders Unfiltered" podcast Tuesday, Sears said interim CEO Nykia Wright has agreed to extend her contract through the end of 2024 as NAR executives focus on the road ahead.
Expert insights. Personalized for you.
426 
Let's personalize your content