Housing Wire
MARCH 25, 2024
Illinois-based State Farm General Insurance will not renew 30,000 residential property insurance policies in California , as well as 42,000 commercial apartment policies in the state, the company announced last week. The company is withdrawing completely from offering commercial apartment policies — which impact multifamily property owners, not renters insurance policies — in California.
Appraisal Buzz
MARCH 25, 2024
Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can discern the usage of the word as it was intended by the author. It can be easy to merely overlay our own current usages and connotations and miss the true meaning and intent of the author’s words.
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Housing Wire
MARCH 25, 2024
On the heels of the $418 million settlement recently announced by the National Association of Realtors (NAR), mortgage trade group Community Home Lenders of America (CHLA) has called on the U.S. Department of Veteran Affairs (VA) to expedite regulatory change that would allow veterans and active-duty service members to fund buyer’s broker commissions when purchasing a home with a VA mortgage.
Appraisal Buzz
MARCH 25, 2024
Truv , a provider of automated employment and income verification technology for mortgage lenders, banks and credit unions, is now a conditionally authorized report supplier for mortgage lenders using Fannie Mae’s Desktop Underwriter (DU) validation service. After final approval, which is expected later this year, Truv’s consumer-permissioned platform will be able to obtain and transmit income and employment data through the DU validation service, the company says in a release.
Housing Wire
MARCH 25, 2024
The current global market cap for “equity release” products, including reverse mortgages, could hit $50 billion by 2033, more than doubling its current size. This is according to a report compiled by the European Pensions and Property Asset Release Group (EPPARG), a trade association that represents European equity release companies. “The report gathers data from market leaders across 13 countries globally with established or developing equity release markets, and [analyzes] growth potential,” t
Appraisal Buzz
MARCH 25, 2024
The post Long as the dog likes me… appeared first on Appraisal Buzz.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
MARCH 25, 2024
The class action case, brought by a former Keller Williams agent, argues that the brokerage doesn’t have the right to retroactively alter the program.
Housing Wire
MARCH 25, 2024
California-based multichannel mortgage lender HighTechLending appointed reverse mortgage industry veteran Brian Boccia to serve as a senior account executive in its third-party origination (TPO) channel. He joins the company after prior experience at companies like Mutual of Omaha Mortgage and Reverse Mortgage Funding (RMF). Aiming to keep in mind the financial difficulties that seniors may be facing, Boccia expressed a commitment to the reverse mortgage space and a need to understand senior pai
Real Estate News
MARCH 25, 2024
Nothing is changing yet, and when change does come, it won’t eliminate buyer agents or cooperative compensation. ‘‘No one can force you to work for free.
Housing Wire
MARCH 25, 2024
Today’s brokerage firms must rely on core services to make up for the low margins of the residential real estate practice. As part of the brokerage rankings, RealTrends collects the number of affiliated service transactions a firm does. These numbers, part of RealTrends Verified , are submitted by the firm but not subject to our verification system.
Appraisal Buzz
MARCH 25, 2024
Warehouse lending software provider Forta Solutions hit a milestone recently: the funding of its first loan through its SaaS warehouse lending platform, Agility, which launched in October 2023. Designed by warehouse lenders and built with modern technology, the platform features APIs that enable seamless integrations and automated workflows with both internal and third-party vendors’ systems.
Housing Wire
MARCH 25, 2024
It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. ban of the short-form video app. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. The following year, the Maryland-based lender created an Influencer Division, appointing Betley as vice president and co-creator.
Appraisal Buzz
MARCH 25, 2024
Mortgage point-of-sale (POS) solutions provider Floify has launched Lender Edition , a flexible per-loan pricing option for mortgage lenders. Floify Lender Edition is the counterpart to Broker Edition , a one-stop lending platform configured for the needs of mortgage brokers that was introduced in December 2023, the firm says in a release. Lender Edition is specifically designed to address the challenges faced by mortgage lenders, such as supporting best-in-class borrower experience, while maint
Housing Wire
MARCH 25, 2024
The Society for Advancing Business Editing and Writing (SABEW) announced the winners of the 2023 Best in Business Awards , honoring excellence in business journalism from 2023. HousingWire journalist Will Robinson won the Data Journalism category for his data reporting series on the seismic changes in the real estate industry. The series was published on HousingWire.com and the DataDigest newsletter, which was launched in 2023 in partnership with CoreLogic.
Real Estate News
MARCH 25, 2024
Tax time can be confusing for agents, but tracking mileage, making quarterly payments and hiring an accountant can pay off. A veteran CPA explains.
Inman
MARCH 25, 2024
Robby Braun, partner at Cohen Milstein Sellers & Toll, addresses "misconceptions" about the NAR deal's impact and says Realtors who try to ignore the changes "will get left behind.
Real Estate News
MARCH 25, 2024
The inventory of new homes remains elevated, helping offset the low levels of available existing homes.
Inman
MARCH 25, 2024
Premier Sotheby’s International Realty President and CEO Budge Huskey corrects the record on commissions — and the potential impact of the NAR settlement on buyers, sellers and agents.
Appraisal Buzz
MARCH 25, 2024
The Mortgage Collaborative has added mortgage technology firm Blue Sage Solutions to its roster, allowing the consortium to deliver the Blue Sage Digital Servicing Platform (DSP) to its members at preferred rates. Blue Sage’s DSP is a cloud-based system that provides all necessary functions to perform interim servicing. It revolutionizes mortgage operations through open API technology that seamlessly merges loan origination and servicing functions and is compliant at the federal, state and agenc
Inman
MARCH 25, 2024
The DOJ opened its investigation into the property management software firm as well as several multifamily building operators who authorities believe collaborated in a "price-fixing combination.
Inman
MARCH 25, 2024
New York City's worst landlord, Daniel Ohebshalom, was punched on Friday during an inmate brawl at Rikers. Ohebshalom was sentenced for failing to fix more than 700 housing violations.
GoForrmz
MARCH 25, 2024
“ Over the last two years, it’s been nothing but great for us. GoFormz makes everything easy, straightforward, organized, and consistent. ” — Blayn Fenwick, Environmental Advisor, Takitimu North Link About Takitimu North Link Project The Takitimu North Link Project a Waka Kotahi NZ Transport Agency Project, under construction in Tauranga, New Zealand is being delivered by a Fulton Hogan/HEB Construction Joint Venture to improve safety, access, resilience, and provide greater trav
Inman
MARCH 25, 2024
A few high-profile squatting cases have gone viral in recent days, but no available data actually indicates the practice of unlawfully occupying property has become more frequent.
BiggerPockets
MARCH 25, 2024
It’s common to have questions about your property taxes, but one is more important than all the others combined: Why did my property taxes increase. There’s no individual answer to this question, as it can depend on a variety of factors. Here are 19 frequently asked questions (FAQs) to help you understand property taxes as a whole, and with that, determine why your taxes have increased.
Inman
MARCH 25, 2024
Coldwell Banker's recent survey reveals key insights into homebuyer and seller attitudes, offering guidance for real estate professionals.
BiggerPockets
MARCH 25, 2024
Are empty city office buildings going the same way as zombie shopping malls, or can they be revitalized to become residential apartments and condos?
Inman
MARCH 25, 2024
You probably know Ryan Serhant and Josh Team pretty well, but how about the firm's female leaders who are helping to drive it to success?
BiggerPockets
MARCH 25, 2024
Wall Street buyers only make up a tiny percentage of the market, yet there's an entire campaign to place the blame on them.
Inman
MARCH 25, 2024
Sales of newly built homes slipped a modest 0.3 percent between January and February to a seasonally adjusted annual rate of 662,000, according to data released Monday by the U.S. Census Bureau.
BiggerPockets
MARCH 25, 2024
Owner financing offers buyers and sellers more opportunities with real estate transactions. Before entering this type of transaction, it’s important to know what owner financing is, how it works, who benefits, and who pays property taxes on owner financing.
Inman
MARCH 25, 2024
Agent Aaron Hendon shares insights about how mindfulness and kindness can have significant impacts on your business and personal health.
BiggerPockets
MARCH 25, 2024
Want to know how to travel for FREE in 2024 and 2025? We’re about to introduce you to the magical world of travel hacking. Never heard of it before?
Inman
MARCH 25, 2024
Learn how this New York City agent and vintage car enthusiast moved to the U.S. on her own at 17 and, through hard work and determination, built a life and a real estate career to be proud of.
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