Housing Wire

MARCH 5, 2024

The U.S. Department of the Treasury on Tuesday announced a series of new initiatives designed to increase the supply of affordable housing across the country. There are three core provisions of the plan. They include the reallocation of funds originally earmarked for relief from the economic impacts of the COVID-19 pandemic for affordable housing construction, as well as new provisions for the 2021 American Rescue Plan (ARP) Emergency Rental Assistance (ERA) program to clarify the use of such fu

Insurance 473

Insurance Construction Government Design 473

Sacramento Appraisal Blog

MARCH 5, 2024

A property in the Sacramento area had a whopping 147 offers as reported by the listing agent. This is a freakishly high number of offers, and I think there are some interesting layers here to talk about. Any thoughts? UPCOMING SPEAKING GIGS: 3/8/24 Redfin (private) 3/11/24 Yolo Association of Realtors (YAR only) 3/19/24 WCR Gold […] The post When a property gets 147 offers first appeared on Sacramento Appraisal Blog.

Realtors 357

Realtors Agents Appraisal Housing Market 357

Housing Wire

MARCH 5, 2024

Ahead of Friday’s national jobs report, mortgage rates have found stability after increasing for multiple weeks. Polly ’s average 30-year fixed rate for conventional loans was 7.17% on Tuesday, down from 7.24% one week earlier, according to HousingWire’s Mortgage Rates Center. At the same time one year ago, Polly ’s 30-year fixed rate averaged 6.82%.

Mortgage 458

Mortgage Inventory Sellers Investors 458

Real Estate News

MARCH 5, 2024

Realtor.com’s February housing report shows inventory rising, especially in the South, and availability of homes priced between $200k-$350k increasing by 20.6%.

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Inventory 278

Housing Wire

MARCH 5, 2024

U.S. home price gains reached their highest rate in a year in January, according to CoreLogic ’s Home Price Index (HPI). But the data provider forecasts yearly growth to begin slowing in the coming months and fall to 2.6% by early 2025. U.S. annual home price growth rose by 5.8% in January 2024. On a monthly basis, home prices increased by 0.1%. In January, the annual appreciation of detached properties (6%) exceeded that of attached properties (4.9%) by 1.1 percentage points.

Mortgage 450

Mortgage Marketing Inventory Housing Market 450

Real Estate News

MARCH 5, 2024

The home search rivals announced a syndication agreement allowing Zillow to be the exclusive provider of multifamily apartment listings on Realtor.com.

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The Appraiser Coach

MARCH 5, 2024

I talk a lot on this blog about change. That’s partly because so much change has happened just during my time as an appraiser. I’ve seen the advent of laser measuring, electronic forms, and most recently, remote appraisals. This industry is seemingly in an almost constant state of change! Change seems to be one of the only things we can expect to truly stick around.

Appraisal 195

Appraisal Business Clients Inspection 195

Housing Wire

MARCH 5, 2024

Struggling New York Community Bancorp (NYCB), which triggered fears of new bank collapses, could benefit from selling mortgage servicing rights ( MSR ) to improve its capital ratio, according to analysts at Keefe, Bruyette and Woods (KBW). NYCB became a large mortgage servicer after the acquisition of Flagstar Bank in December 2022. Its owned servicing portfolio reached $78 billion in unpaid principal value (UPB) at the end of 2023, with a carrying value of $1.1 billion, analysts wrote in a

Buyers 440

Buyers Mortgage Insurance Business 440

Real Estate News

MARCH 5, 2024

The 17,000-member association speaks out, saying it will “vigorously defend” two lawsuits targeting NAR, Nevada associations and MLSs, and brokerages.

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Realtors Brokerage 199

Housing Wire

MARCH 5, 2024

The homebuyer plaintiffs in the Batton II commission lawsuit in Illinois made the decision to voluntarily dismiss defendant Howard Hanna Real Estate Services from the lawsuit without prejudice. In a document filed on Monday with U.S. District Court Judge Andrea Wood, the plaintiffs, which include Mya Batton, Aaron Bolton, Michael Brace, Do Yeon Irene Kim, Anna James, James Mullis, and Theodore Bisbicos, noted that they are dismissing Howard Hanna Real Estate Services as the firm has yet to serve

Real Estate 431

Real Estate Real Estate Agent Sellers Realtors 431

Real Estate News

MARCH 5, 2024

Hanna was removed from Batton 2, marking the second time this year that the family-owned brokerage has been dropped from a buyer-broker compensation case.

Brokerage 190

Brokerage Buyers 190

Housing Wire

MARCH 5, 2024

The federally insured reverse mortgage known as a Home Equity Conversion Mortgage (HECM) is unique, as are the rates that impact the HECM product. For this reason, I will provide a short monthly educational focus, followed by a summary of the HECM rate market. Keep in mind that almost all HECMs are adjustable-rate mortgages (ARMs), and so each rate update will concentrate on ARMs.

Mortgage 431

Mortgage Insurance Home Value Development 431

Inman

MARCH 5, 2024

Danielle Lazier was at the top of her game, but she was so burnt out, she was ready to quit. FBI negotiator Chris Voss' talk about tactical empathy and emotional intelligence changed everything.

Agents 184

Agents Real Estate Brokerage 184

Housing Wire

MARCH 5, 2024

Ginnie Mae has introduced new cybersecurity incident reporting requirements, the government-owned enterprise announced on Monday. The initiative underscores Ginnie Mae’s commitment to bolstering its companywide information security, business continuity and reporting standards. Effective immediately, issuers of Ginnie Mae mortgage-backed securities must notify Ginnie Mae of any cybersecurity incident within 48 hours of its detection.

Insurance 431

Insurance Government Investors Finance 431

Inman

MARCH 5, 2024

The mark of a great leader, Victoria Kennedy writes, is that they don't hoard power for themselves but empower others to build and grow their sphere of influence.

Real Estate 184

Real Estate Brokerage Agents 184

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S. economy remains hot. It’s still the first quarter of 2024, so it may be too early to be pessimistic about the current mortgage rate environment, but it’s becoming more likely that a mu

Loan Officers 421

Loan Officers Mortgage Buyers Inventory 421

Inman

MARCH 5, 2024

Kathy Kaye and Lorraine Baker each have about two decades of industry experience and bring roughly $200 million each in career sales volume to the firm. Kaye joins from Compass, Baker from Douglas Elliman.

Development 172

Development Brokerage Agents 172

Housing Wire

MARCH 5, 2024

New data illustrates a discrepancy between the perception of baby boomers who lose money to financial scams and the actual rate of seniors to fall prey to such bad actors. This is according to the results of a survey conducted by market research firm Ipsos and HomeEquity Bank — Canada ’s leading reverse mortgage lender — that focuses on members of the baby-boomer generation who reside in that country.

Design 421

Design Finance Technology Mortgage 421

Inman

MARCH 5, 2024

The New York City-based real estate news site, a resource for buyers, sellers and renters, briefly ceased publication last week before announcing Monday it had been acquired

Buyers 171

Buyers Real Estate Sellers Marketing 171

Housing Wire

MARCH 5, 2024

John Abraham, former top-producing mortgage loan officer at Caliber Home Loans /NewRez , has joined The Money Store. His team will be making the move with him. Abraham was named vice president and producing branch manager in Illinois, where he will serve as sales leader and mortgage originator. “The Money Store boasts a nimble lending platform, transparent loan process and highly competitive rates.

Loan Officers 421

Loan Officers Retail Lending Mortgage 421

Inman

MARCH 5, 2024

Integrations helped the income and employment data provider grow its mortgage customer base and attract backing from Rockefeller Asset Management’s Fintech Innovation Fund.

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Mortgage 171

Housing Wire

MARCH 5, 2024

LenderLogix , a provider of white-label mortgage software, has integrated with AccountChek , a digital verification service for assets, income and employment, the companies announced on Tuesday. This integration merges AccountChek’s income verification system directly into the LenderLogix point-of-sale system, LiteSpeed, to automate the asset verification process and streamline loan origination tasks.

Clients 421

Clients Insurance Tools Lending 421

Inman

MARCH 5, 2024

In times of struggle, we often add tools, strategies and habits to "fix" what’s wrong in our lives and businesses. Let eXp’s Troy Palmquist help you shed some of the things that are holding you back.

Real Estate 166

Real Estate Tools Business Brokerage 166

Housing Wire

MARCH 5, 2024

Verifications provider Argyle announced Tuesday that it has raised $30 million in new funding, upping its total to $100 million since its inception in 2018. This round of funding — which includes a mix of equity and debt — will be used for the company’s adoption and expansion of its automated income and employment verification platform, the firm said.

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Technology Lending Investors Mortgage 417

Inman

MARCH 5, 2024

The highest honor in luxury real estate, the Golden I Club, is now accepting nominations. Winners will be celebrated at Luxury Connect 2024.

Real Estate 175

Real Estate 175

GoForrmz

MARCH 5, 2024

Top Digital Form Features for Healthcare Providers There are many advantages to using digital forms in place of traditional paper-based forms – especially in healthcare! Traditional healthcare paperwork takes longer to process, siloes patient data, and is prone to human error. On the other hand, digital forms offer real-time access, instant processing, and better quality control.

Modernization 78

Modernization Design Insurance Business 78

Inman

MARCH 5, 2024

A 160-square-foot backyard residence in the Las Vegas Valley asking $950 a month has received over 100 inquiries from tenants.

Tenants 175

Tenants Investing Marketing 175

BiggerPockets

MARCH 5, 2024

As insurance premiums climb, property owners need to grasp how economic conditions and natural disasters affect the insurance market. These insights provide practical guidance for real estate investors navigating a dynamic, unpredictable market.

Insurance 83

Insurance Investors Real Estate Marketing 83

Inman

MARCH 5, 2024

Don't buy into the commission rhetoric saying the U.S. should do things more like they do in Australia, Cara Ameer writes. Each country has its own dynamics, customs and economics.

Real Estate 141

Real Estate Brokerage Agents Marketing 141

BiggerPockets

MARCH 5, 2024

Having your rental property stolen?! How is that possible? This would be a worst-case scenario for any investor, and it was nearly reality for today’s guest.

Real Estate 74

Real Estate Investors 74

Will Springer Realtor

MARCH 5, 2024

Residential real estate – like most industries – enjoys the use of acronyms and abbreviations to get information across. That can make for challenging moments for consumers when attempting to track the home-buying and -selling process. We have APR, CMA, CC&Rs and, of course, HOA – all commonly used terms to help “abbreviate” our conversations. Here are two more, perhaps lesser-known, terms worth noting – PMI and MIP. ( Real estate terminologies.

Finance 53

Finance HOA Insurance Real Estate 53

Mortgagebroker News

MARCH 5, 2024

Fiscal prudence is needed to ease cost-of-living pressures

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Eppraisal

MARCH 5, 2024

Home renovations can completely transform your living spaces, turning outdated rooms into modern, functional areas that reflect your style and meet your needs. Whether a complete kitchen remodel, a bathroom update or adding a fresh coat of paint, each project can breathe new life into your home. In addition to the joy and comfort these changes bring into your daily life, renovations can also significantly increase your home’s market value.

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Renovations Modernization Market Value Buyers 36

Mortgagebroker News

MARCH 5, 2024

The controversial scheme is winding up – and some are welcoming its end

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Buyers 59