Appraisal Buzz

SEPTEMBER 25, 2024

The Federal Housing Finance Agency (FHFA) has announced that it will revisit its proposal to amend the Suspended Counterparty Program (SCP). The SCP regulation requires a regulated entity to report to FHFA if an individual or institution that it does business with has committed certain types of misconduct within the prior three years. It also authorizes FHFA to order its regulated entities to cease doing business or refrain from entering into new business with certain counterparties.

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Housing Wire

SEPTEMBER 25, 2024

Michigan -based ERA Prime Real Estate Group is continuing its acquisition spree. On Tuesday, the firm announced its acquisition of Southgate, Michigan-based GAP Realty Group. ERA Prime Real Estate Group, which also has offices in Farmington and Grand Blanc, said that the acquisition would increase the firm’s services area and market share in Southeast Michigan.

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Appraisal Buzz

SEPTEMBER 25, 2024

BLOG VIEW: The Federal Open Market Committee (FOMC) on Sept. 18 announced its decision to cut the Fed Funds rate by half a percentage point. It was the first rate cut since the early days of the pandemic. In fact, the last time the FOMC cut rates by half a point was during the 2008 global financial crisis. Federal Reserve Chair Jerome Powell finally provided the housing industry much needed relief by slashing rates for the first time in more than four years.

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Mortgage Loan Officers Technology Contracts 393

Housing Wire

SEPTEMBER 25, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. No one gets into real estate to suffer career-ending, failure-to-launch syndrome. You got your license to be successful in real estate and take your life to the next level — whether that was this morning, last year, or a decade ago.

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Real Estate Agent Real Estate Agents Clients 392

Appraisal Buzz

SEPTEMBER 25, 2024

Many real estate agents encounter a variety of challenges throughout their career. This workshop is meant for those who are seeking strategies to boost their earnings. Discover how to invest in the proper chances to develop your real estate portfolio and learn how to leverage your existing abilities to tap into alternative cash streams. Experts who attend will have the opportunity to participate in conversations at round tables, discussing important issues and headwinds agents face.

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Real Estate Agents Investing Realty 370

Housing Wire

SEPTEMBER 25, 2024

The Real Brokerage has scored a 13-for-1 deal. With the affiliation of the RealD2D Team, Real is adding 40 agents to its footprint in 13 different states, providing the company with the relatively rare opportunity to expand in more than one metropolitan area. RealD2D is led by agent and coach Duane Richins, who brought a unique background to his real estate career that began in 2016.

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Housing Wire

SEPTEMBER 25, 2024

A judge in Arizona granted Mat Grella, the former president of NEXA Mortgage , a motion to dismiss a lawsuit filed by the company. NEXA has accused Grella of causing the failure of a $24 million hangar-office property purchase and the brokerage firm is preparing to file an amended complaint. The saga began in March when Grella was terminated from NEXA amid buyout negotiations.

Mortgage 384

Mortgage Brokerage Legal Loan Officers 384

Sacramento Appraisal Blog

SEPTEMBER 25, 2024

It’s a mess out there right now since the NAR lawsuit went into effect. Well, sort of. It feels messy that concessions information is no longer in MLS, there’s some confusion about how appraisers are handling some of this, and we have a new question to ask. Let’s talk about it. UPCOMING SPEAKING GIGS: 10/18/24 […] The post The hot mess of concessions in real estate first appeared on Sacramento Appraisal Blog.

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Real Estate Appraisal Appraisal Tips Real Estate Agent 347

Housing Wire

SEPTEMBER 25, 2024

Mortgage applications are now at their highest level in more than two years after an 11% jump during the week ending Sept. 20, according to the newest weekly applications survey from the Mortgage Bankers Association (MBA). The 11% increase in the MBA’s overall applications index — boosting the index to its highest point since July 2022 — was fueled primarily by refinances , which rose 20% from the prior week and are now 175% higher compared to the same week in 2023.

Mortgage 376

Mortgage Retail Contracts Government 376

Appraisal Buzz

SEPTEMBER 25, 2024

This piece, co-authored by Kathy Shakibi Esq. , originally appeared in the September 2024 edition of MortgagePoint magazine, online now. On May 30, 2024, the Supreme Court of the United States (SCOTUS) issued its opinion on a matter of far-reaching consequence—whether the National Bank Act preempts a New York State consumer financial law requiring payment of interest on mortgage escrow accounts in the case of Cantero v.

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Law Legal Insurance Government 221

Housing Wire

SEPTEMBER 25, 2024

Applicants hoping to get a mortgage job in 2024. (Image created by AI in Midjourney.) After cutting to the bone over the past three years, several large mortgage lenders are beginning to ramp up hiring. These companies are adding sales and operational staff, preparing for the expected drop in rates and subsequent increases in volumes. ​​However, the industry is approaching this cycle with caution.

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Mortgage Loan Officers Retail Training 371

Appraisal Buzz

SEPTEMBER 25, 2024

David Wharton, Editor-in-Chief at Five Star, gave the opening remarks in the ever-educational MTech Forum at this year’s Five Star Conference & Expo. Numerous technology and subject-matter experts go deeply into how technology is advancing the industry while also posing risks that need to be recognized and taken into consideration going forward.

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Technology Finance Mortgage Business 195

Housing Wire

SEPTEMBER 25, 2024

Just when you think you can anticipate the next trend in real estate, get ready for a new twist. Home prices increased 5.4% nationally in June when compared with the previous year, according to the S&P CoreLogic Case-Shiller index. Though this is a decrease from the 5.9% pace recorded the previous month , this rate is still very high. Current home price data shows that affordability remains one of the biggest challenges for buyers today, particularly when coupled with persistently high inter

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Investors Construction Real Estate Inventory 369

Appraisal Buzz

SEPTEMBER 25, 2024

Mortgage application volume surged 11% during the week ended September 20, driven by a decrease in mortgage rates, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Most of the increase was due to a major jump in refinance activity: Applications for refinances increased 20% compared with the previous week and were up 175% compared with the same week one year ago.

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Housing Wire

SEPTEMBER 25, 2024

The first day of this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego wound down with an announcement that marks the end of an era. The association honored two of its most prominent past and present members with distinguished service awards. These were given to Peter Bell, NRMLA’s current CEO and former president, and Scott Norman, its former co-chair and current CEO of the Texas Mortgage Bankers Association (TMBA).

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Law Development Mortgage Business 332

Appraisal Buzz

SEPTEMBER 25, 2024

Forecasting and advisory services firm iEmergent has downwardly revised its 2024-2026 U.S. Mortgage Origination Forecast and now expects lower-than-anticipated growth for the next two years, particularly in the purchase market. While refinance volumes are projected to rise due to a gradual decline in mortgage rates, purchase volume has fallen short of early-year estimates due to persistently high interest rates and continued housing affordability challenges.

Mortgage 195

Mortgage Buyers Appraisal Marketing 195

Housing Wire

SEPTEMBER 25, 2024

Negative depictions of Americans ages 50 and older have lessened over a five-year period, with negative sentiment in online media and marketing images dropping from 28% in 2018 to 10% in 2023, according to research published this week by senior advocacy organization AARP. “The 50-plus population is pictured as more active and independent, less fearful, and more likely to use technology, reflecting a growing recognition of older adults’ active lifestyles and valuable engagement in society,”

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Advertising Technology Marketing 319

Appraisal Buzz

SEPTEMBER 25, 2024

Josh Balson has joined mortgage servicer Fay Servicing as senior vice president of data science. Balson has more than 15 years of experience in analytics within the mortgage industry, specializing in servicing, originations, and asset management. His expertise spans database architecture, operational reporting, and predictive analytics. As Fay Servicing’s mortgage analytics expert, he will lead data science initiatives to enhance the borrower experience and improve operational efficiency.

Architecture 195

Architecture Technology Investing Clients 195

Housing Wire

SEPTEMBER 25, 2024

The Federal Housing Finance Agency (FHFA) announced on Wednesday it has changed its proposal to amend the Suspended Counterparty Program (SCP), offering a less severe version after several trade groups raised concerns about its impacts on the mortgage market. The SCP, established in June 2012 during the Obama administration, requires that entities report to FHFA if an individual or institution they do business with has committed certain types of misconduct within the prior three years.

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George Dell

SEPTEMBER 25, 2024

Appraisers are taught that there are three “approaches” to value. Follow the path, and you are safe. Standards, regulations, users, and peers all expect the “process” to be followed. Follow it, and you are safe. Appraisers are also harangued to be ethical and unbiased. Just be “impartial, independent, and objective.” No problem. Problem. Appraisers are […] The post Is Thinking Necessary?

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Real Estate News

SEPTEMBER 25, 2024

Florida, North Carolina and Texas dominate a new report sizing up the top 10 markets for real estate investment.

Investors 272

Investors Real Estate Investing Marketing 272

Inman

SEPTEMBER 25, 2024

While many homeowners rushed to refinance, affordability is keeping a damper on sales. Now mortgage rates are climbing again, with investors having already priced in last week's Fed rate cut.

Mortgage 159

Mortgage Investors Marketing 159

Real Estate News

SEPTEMBER 25, 2024

August numbers were down nearly 5% from July, but came in better than a year ago and are still expected to outperform existing home sales in the coming months.

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Inman

SEPTEMBER 25, 2024

If you have listings left over from the slow spring and summer selling season, today's lower interest rates may offer a boost. Carl Medford shares strategies to help get those homes sold as autumn arrives.

Sellers 158

Sellers Agents Brokerage Marketing 158

BiggerPockets

SEPTEMBER 25, 2024

It’s been a little over a month since the groundbreaking rules regarding agent commissions stipulated in a $418 million settlement between the DOJ and NAR (National Association of Realtors) took […]

Agents 79

Agents Business Realtors Real Estate 79

Inman

SEPTEMBER 25, 2024

The Colorado Division of Real Estate announced the move Monday, days after the beleaguered brokerage suffered a legal blow in California over 40-year contracts described as "predatory.

Contracts 157

Contracts Realty Legal Brokerage 157

BiggerPockets

SEPTEMBER 25, 2024

Last year, Jussi Askola explained why he believes REITs are better investment vehicles than rental properties. This year, he explains why nothing has changed.

Investing 82

Investing 82

Inman

SEPTEMBER 25, 2024

In August, nearly half of all U.S. homes had been on the market for 60 days or more, according to Redfin. Days on market has ticked up as high rates have slowed sales.

Marketing 158

Marketing Mortgage 158

Mortgagebroker News

SEPTEMBER 25, 2024

Company releases white paper warning employers to beef up security in hiring after deepfake scam

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Inman

SEPTEMBER 25, 2024

Small real estate investors have a role to play in improving affordability and inventory, trainer Bernice Ross writes, and can be a key part of growing your real estate business.

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Real Estate Inventory Investors Business 147

Mortgagebroker News

SEPTEMBER 25, 2024

Glengarry provides transitional loans to farmers facing financial difficulties

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Inman

SEPTEMBER 25, 2024

More than 100 homes have already been razed to make room for shipping warehouses. But a judge last week ruled that the county violated environmental regulations when it approved the project.

Marketing 135

Marketing 135

Mortgagebroker News

SEPTEMBER 25, 2024

Association president hails ‘significant win’ for Canadians

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Inman

SEPTEMBER 25, 2024

The residence, known as the Newberry or Shaw House, is a local landmark dating back to the 1890s, built during the height of Aspen’s booming mining era, according to the National Register of Historic Places.

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Real Estate 130