Housing Wire

MAY 23, 2024

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pretax net loss of $645 on each loan they originated in the first quarter of 2024 — a decrease from the average loss of $2,109 per loan in Q4 2023, according to the Mortgage Bankers Association ’s (MBA) newest quarterly performance report. “While the first quarter of 2024 marks the eighth consecutive quarter of net production losses, these losses were less severe than the previous two quarters,” Marina Wals

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Retail Mortgage Valuation Inventory 373

Sacramento Appraisal Blog

MAY 23, 2024

It wasn’t on my housing market bingo card to be paying such close attention to insurance, but this is a huge deal for California (and some other states). I promise this won’t become an insurance crisis blog, but today I have some brand new stats to share for Sacramento and the Bay Area. UPCOMING SPEAKING […] The post An insurance crisis wasn’t on my bingo card first appeared on Sacramento Appraisal Blog.

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Insurance Housing Market Appraisal Marketing 331

Housing Wire

MAY 23, 2024

The median U.S. home sale price reached a record $387,600 in the four weeks ending May 19, marking a 4% year-over-year increase, according to data released Thursday by Redfin. The pricing surge comes despite a marginal dip in weekly average mortgage rates , which fell from a five-month high of 7.22% to 7.02% at the beginning of May, according to Freddie Mac.

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Real Estate News

MAY 23, 2024

Buyers may be able to take advantage of lower rates and increasing inventory, but many are still priced out, dampening sales.

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Housing Wire

MAY 23, 2024

The New York Department of Financial Services (NYDFS) announced on Thursday the publication of a policy recommendation that encourages property insurers to offer free loss-mitigation options for policyholders that would ultimately reduce premium costs. NYDFS Superintendent Adrienne Harris cited the acceleration of climate-related disasters and property damage that has stressed the property insurance industry and marketplace, pushing some insurers out of areas they deem to carry too much risk and

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Appraisal Buzz

MAY 23, 2024

Mortgage rates fell this week, with the average rate for a 30-year, fixed-rate mortgage dropping to 6.94%, down from 7.02% last week, according to Freddie Mac’s Primary Mortgage Market Survey. “Spring homebuyers received an unexpected windfall this week, as mortgage rates fell below the seven percent threshold for the first time in over a month,” says Sam Khater, chief economist for Freddie Mac, in a statement.

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Appraisal Buzz

MAY 23, 2024

Truity Credit Union , a member-owned credit union with locations in Oklahoma, Kansas and Texas, is using Dark Matter’s Empower loan origination system to provide loan officers and members a modern, mobile-friendly experience across home purchase, refi, home-equity and construction loan originations. According to Joe Beffer, Truity’s senior vice president and director of lending, the credit union chose Dark Matter for its mobile-friendly borrower portal and for features that will help its interna

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Loan Officers Modernization Construction Lending 195

Housing Wire

MAY 23, 2024

After nearly a year of searching, iBuyer Offerpad has a new chief financial officer. The firm announced Thursday that it has pegged Peter Knag for the role, effective June 5. “I am excited to join at such a dynamic time for the company,” Knag said in a statement. “I look forward to working with the talented team to continue to grow and diversify Offerpad’s platform offerings and drive efficiency, scale and profitability in the business.” Knag has an extensive resume, having served in sever

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Finance Business Technology Housing Market 320

Appraisal Buzz

MAY 23, 2024

Down Payment Resource , offering homebuyer assistance program data and solutions, recently announced an integration with ICE Mortgage Technology that embeds down payment assistance program support into Encompass. The integration helps lenders make affordable home financing opportunities more accessible while growing business and forging referral partnerships, Down Payment Resource says in a release.

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Housing Wire

MAY 23, 2024

A reverse mortgage has potential utility for a homeowner in the right situation, but loan terms must be observed closely to remain in good standing and avoid the possibility of foreclosure. This is according to a look at the reverse mortgage product category published by Newsweek. As part of its recently launched “ Newsweek Vault ” subsite, which vets financial products and provides analysis from sources judged to be financial experts, the publication assembled a series of pros and cons about re

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Appraisal Buzz

MAY 23, 2024

Lack of inventory, high home prices and rising mortgage rates slowed existing-homes sales in April. According to the National Association of Realtors (NAR), existing-home sales fell 1.9% compared with March to a seasonally adjusted annual rate of 4.14 million. Year-over-year, existing-home sales were down 1.9%. Despite a 9% month-over-month increase in inventory in April, home prices continued to increase: The median existing-home price jumped 5.7% year-over-year in April to $407,600.

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Real Estate News

MAY 23, 2024

John Collopy steps down from the multibillion-dollar franchise; Suzanne Bushard named president. Plus, new leadership at Offerpad and Move Concierge.

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Inman

MAY 23, 2024

Newly built homes available on the market rose to 480,000, representing a supply of 9.1 months at the current sales rate, up from an 8.5 month supply in March, according to U.S. Census Bureau data.

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Inventory Marketing Agents 180

Real Estate News

MAY 23, 2024

As multiple listing services work to comply with new rules, some worry about liability risks — but including concessions could be a competitive advantage.

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Inman

MAY 23, 2024

Equity Angels was launched in early 2024 by 2018 Inman Person of the Year Kenya Burrell-VanWormer, chief growth officer at NEO, and Katherine Winston, founding member and head of marketing at Plunk.

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Marketing Technology 169

Eyes on Housing

MAY 23, 2024

A new quarterly Cost of Housing Index (CHI) highlights the burden that housing costs represent for middle and low-income families. In its inaugural release for the first quarter of 2024, CHI revealed that a typical family in the U.S. must spend 38% of its income to cover the mortgage payment on a median priced new.

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Mortgage 148

Inman

MAY 23, 2024

Truly engaging is an essential component in providing stellar service from first contact to the closing table. Author and trainer Bernice Ross provides a step-by-step approach to evaluating your skills.

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Clients Agents Marketing 165

Eyes on Housing

MAY 23, 2024

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has disappointed since the Great Recession. For the first quarter of 2023, there were just 43,000 2- to 4-unit housing unit construction starts.

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Construction Development 148

Inman

MAY 23, 2024

Nimble, a software company that specializes in customer relationship management for “soloprenuers” and small business teams, has shipped a new feature to its customer accounts — email sequencing.

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Business Technology Marketing 163

Boston Appraisal

MAY 23, 2024

The post Preparing Your Home for an Appraisal appeared first on Boston Appraisal Services.

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Appraisal 148

Inman

MAY 23, 2024

Want to make great strides in your business? Jimmy Burgess believes that the answers you seek to a successful real estate practice may be simpler than you think.

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Real Estate Agent Real Estate Agents Business 157

Empire Appraisal Group

MAY 23, 2024

Dave Ramsey: Now is the Time to Buy By Jeffrey Quiggle Personal finance author Dave Ramsey said today’s economic conditions can favor homebuyers. But when interest rates go down, prices may go up. NEW YORK – High interest rates understandably cause many people to shy away from buying homes, but there are a few other factors potential homebuyers should consider.

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Finance Housing Market Real Estate Insurance 78

Inman

MAY 23, 2024

Find out how this California broker was inspired to start a career in real estate because of the great agents she worked with as a client.

Realty 169

Realty Real Estate Clients Agents 169

BiggerPockets

MAY 23, 2024

Getting the right tenants is crucial for having a seamless landlord experience. Here are 12 questions to ask tenant references to ensure they're a good fit.

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Tenants Landlords Property Management 86

Inman

MAY 23, 2024

RentSpree distributes its product to empower residential agents in their work with clients who may not yet be ready to buy, and to provide them software advantages to offer investor clients or to use in their own rental portfolios.

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Business Clients Investors Agents 132

Mortgagebroker News

MAY 23, 2024

Director discusses the value of trade shows, and meeting lenders face-to-face

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BiggerPockets

MAY 23, 2024

The 2024 housing market isn’t turning out how most of us thought.

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Housing Market Marketing Real Estate Investors 78

Mortgagebroker News

MAY 23, 2024

Six Ontario brokerages join forces with tech-focused lender

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Brokerage Mortgage 73

Houston Properties

MAY 23, 2024

Four Seasons Guide: Compare Houston Four Seasons condos for sale. Four Seasons Houston residences: view floorplans, reviews, amenities, condo for sale.

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Mortgagebroker News

MAY 23, 2024

Bank's announcement gets earnings season underway

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BiggerPockets

MAY 23, 2024

If you follow these nine steps, you will reach financial independence. How do we know?

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Mortgagebroker News

MAY 23, 2024

Higher income requirements offset drop in mortgage rates

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Mortgage 70

BiggerPockets

MAY 23, 2024

Private money is a “secret weapon” for real estate investing, allowing you to dodge the major banks and fund real estate deals on your terms.

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Real Estate Finance Investing 37

Mortgagebroker News

MAY 23, 2024

The lending giant announced an exclusive partnership

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Lending 70