Appraisal Buzz
SEPTEMBER 13, 2024
The latest Mortgage Credit Availability Index (MCAI) released by the Mortgage Banker’s Association (MBA) indicated that there was an increase in mortgage credit availability in August. In August, the MCAI increased by 0.9% to 99.0. While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements. In March 2012, the index was benchmarked at 100.
Housing Wire
SEPTEMBER 13, 2024
Realtor.com has hired an experienced entrepreneur for its marketing team, as Christine Jacobson has joined the company as senior vice president of B2B marketing. “We’re thrilled to welcome Christine to the Realtor.com team,” Mickey Neuberger , the company’s chief marketing officer, said in a statement to HousingWire. “She brings extensive agent/broker empathy and connection to the industry, given her 20-plus years experience being a Realtor herself.
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Appraisal Buzz
SEPTEMBER 13, 2024
Incenter Lender Services Chief Legal Counsel Kathleen Dutill Kathleen Dutill , an experienced mortgage industry attorney, has joined Incenter Lender Services as Chief Legal Counsel. Dutill, who was previously Associate Counsel with Cenlar FSB and managed litigation at Ocwen Financial Corporation and GMAC Mortgage, will advise Incenter and its member firms on legal and compliance issues.
Housing Wire
SEPTEMBER 13, 2024
Rocket Pro TPO , the wholesale arm of Rocket Mortgage , upped its agency conforming loan limits to $802,650 in 48 states, ahead of an announcement by the Federal Housing Finance Agency (FHFA) that is expected in November. For Alaska and Hawaii, the ceiling on loans originated by Rocket Pro TPO and purchased by Fannie Mae and Freddie Mac rose to $1,204,000.
Appraisal Buzz
SEPTEMBER 13, 2024
The Homeowner Equity Report (HER) for the second quarter of 2024 has been made available by CoreLogic. According to the report, since Q2 of 2023, home equity for U.S. homeowners with mortgages—who own roughly 62% of all properties—has increased by 8.0% annually. This represents a cumulative gain of $1.3 trillion and an average increase of $25,000 per borrower.
Housing Wire
SEPTEMBER 13, 2024
Buffalo, New York-based mortgage technology firm LenderLogix , a top provider of point-of-sale (POS) and automation software for independent mortgage banks , commercial banks and third-party brokers, announced Thursday that Ben Head will join the company as an account executive. Head will be responsible for expanding the firm’s market share as he moves over from Enact Mortgage Insurance , where he served for 12 years as a strategic accounts representative.
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Housing Wire
SEPTEMBER 13, 2024
We are all faced with objections, but what sets you apart from your competition is how you handle those objections. Here are my proven strategies on how to anticipate and understand objections, turning them into opportunities to strengthen your negotiating position. People get stuck They reach out to you because they have an interest in buying or selling real estate , but then they get stuck because it’s a big scary process.
Appraisal Buzz
SEPTEMBER 13, 2024
Residential mortgage lender American Financial Resources (AFR) has announced a series of key leadership appointments, including the addition of Bobbi MacPherson as the new Head of Operations, Shaun Hamman has as SVP of Strategic Accounts, and the promotion of Kayla Lopez to Head of People. AFR Head of Operations Bobbi MacPherson With a diverse background in credit policy, operations, and technology development, MacPherson will provide an immediate impact as AFR’s new Head of Operations.
Housing Wire
SEPTEMBER 13, 2024
Terrie Suit, who served as CEO of Virginia Realtors for the past 11 years, has announced her retirement, according to a company announcement on Friday. Virginia Realtors, which has a membership base of 38,000, named Martin K. Johnson as its interim CEO. Johnson has previously served as its senior vice president of advocacy, chief lobbyist and chief external affairs officer.
Real Estate News
SEPTEMBER 13, 2024
The pre-sale renovation company, which got early support from NAR, also will change its marketing and be more transparent about its deals with agents.
Housing Wire
SEPTEMBER 13, 2024
Cindy Chance, the CEO of the Appraisal Institute , was terminated during what she described as a “secret board meeting” on Thursday night that she was excluded from. The Appraisal Institute now faces a backlash from members who support Chance , a veteran nonprofit leader who joined roughly a year ago and pledged to make governance reforms and support the work of on-the-ground appraisers.
Appraisal Buzz
SEPTEMBER 13, 2024
U.S. homeowners with mortgages – which account for roughly 62% of all properties – saw home equity increase by 8% year over year in the second quarter, representing a collective gain of $1.3 trillion and an average increase of $25,000 per borrower since the second quarter of 2023, according to CoreLogic. Total U.S. homeowner equity increased to more than $17.6 trillion.
Housing Wire
SEPTEMBER 13, 2024
Ryan Serhant and his brokerage SERHANT. are riding a sugar high thanks to the success of “Owning Manhattan,” the Netflix show that followed Serhant and his agents around New York as they shopped some of the priciest properties in the city. The show has been renewed for a second season and Serhant says it will begin filming in a few weeks. HousingWire real estate reporter Jeff Andrews sat down with Serhant to talk about the show, how it changed his life and the brokerage, and what he sees coming
Appraisal Buzz
SEPTEMBER 13, 2024
Zach Hines has joined Title Clearing & Escrow , a provider of title insurance and escrow settlement services for the real estate industry, as senior vice president of business development. In addition, Cara Ogrodowski has joined the company as client relations manager. Hines has more than 20 years of experience in the title industry and has a proven track record of consistently outperforming sales goals and objectives.
Real Estate News
SEPTEMBER 13, 2024
The nation’s second-largest multiple listing service has been making it easier to enter the data (and keep it private). Is this the wave of the future?
Inman
SEPTEMBER 13, 2024
Investors who fund most mortgages have already priced in several rate cuts, so further declines could depend on what next week's "dot plot" says about expectations for the pace of future cuts.
Real Estate News
SEPTEMBER 13, 2024
Watch the conversation with Gary Acosta, CEO of NAHREP, as he offers a candid view of the NAR settlement, which he says gives sellers power — but at great cost.
Inman
SEPTEMBER 13, 2024
Rocket will treat loans of up to $802,650 as conforming ahead of expected increase. Last year UWM and Guaranteed Rate also got a jump on the official announcement.
Real Estate News
SEPTEMBER 13, 2024
Expansion connects Restb.ai’s vision tools to nearly three-quarters of a million MLS members; productivity-focused Pipeline added to @properties “pl@tform.
Inman
SEPTEMBER 13, 2024
The Emmys were Sunday night, and "The Traitors" was nominated. Get to know cast member, former star of Bravo’s "Shahs of Sunset" and 20-year real estate veteran Mercedes "MJ" Javid.
GoForrmz
SEPTEMBER 13, 2024
Streamline field service operations with digital inspection forms Inspection forms are a critical tool in the field service industry, serving as the backbone for maintaining high standards of quality, safety, and compliance. These forms help field technicians systematically document their observations, ensure consistency in data collection, and provide a clear record of completed tasks.
Inman
SEPTEMBER 13, 2024
U.S. homeowners are showing less interest in taking on second-home mortgages, as elevated prices and economic jitters make these properties less appealing, Redfin reported on Thursday.
BiggerPockets
SEPTEMBER 13, 2024
If you’re wondering which real estate markets make for the best investments going into 2025, the suburbs are where the action is.
Inman
SEPTEMBER 13, 2024
An influx of high-earning workers and new multifamily units has put Austin developers in a unique position, the Intracorp Homes executive said ahead of Inman Connect Austin.
Mortgagebroker News
SEPTEMBER 13, 2024
The Bank of Canada's rate cuts to date have failed to spur a surge back in favour of variable options
Inman
SEPTEMBER 13, 2024
Join Inman in Austin for a distinguished gathering of 400 real estate pros to forge meaningful connections in a collaborative environment, and get answers to the most common questions real estate experts are being asked right now.
Mortgagebroker News
SEPTEMBER 13, 2024
Global report puts Canada in top 5 for fair and open homebuying processes
Inman
SEPTEMBER 13, 2024
After upgrading to a larger home in Southampton last year, the "RHONY" alum is selling the Bridgehampton property that she has owned since 2013.
Mortgagebroker News
SEPTEMBER 13, 2024
Banks under pressure to refund stolen funds as scam cases increase
Inman
SEPTEMBER 13, 2024
The in-house developed "Pipeline" automatically pulls client and property information from pl@tform to help agents track progress of current and prospective deals in real time and compare that progress with their personal goals.
BiggerPockets
SEPTEMBER 13, 2024
One of the biggest real estate investment fraud schemes in recent history has been exposed.
Inman
SEPTEMBER 13, 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.
Mortgagebroker News
SEPTEMBER 13, 2024
Rising borrowing costs push interest payments to nearly 10% of disposable income
Inman
SEPTEMBER 13, 2024
Inman's Power Wheels bracket contest rolls on with the top eight best ride options for real estate agents on the move.
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