Housing Wire
APRIL 4, 2024
Federal Reserve vice chair for supervision Michael Barr said the central bank is taking “a very thoughtful approach” to the Basel III rules (aka the Basel endgame), which would significantly increase bank capital requirements and, if implemented, affect the mortgage industry. “We gave the public extra time to comment on the rule because it was really complex.
Sacramento Appraisal Blog
APRIL 4, 2024
It’s nice to see so many accessory dwelling units lately, but is there such a thing as too many? Well, maybe according to Fannie Mae. Let’s talk about this. UPCOMING SPEAKING GIGS: 4/11/24 Lindsay Carlisle Event (private) 4/25/24 HomeSmart iCare Realty (details TBA) 4/26/24 Prime Real Estate (private) 5/9/24 Empire Home Loans (details TBA) 5/15/24 […] The post Adding too many ADUs gets awkward first appeared on Sacramento Appraisal Blog.
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Housing Wire
APRIL 4, 2024
Despite recent data indicating a poor affordable housing situation in Texas , the city of Houston must return $45 million in unused affordable housing funds to the state after failing to use them for construction of new homes. This is according to local reporting by a Houston ABC News affiliate. Primarily allocated to the city following Hurricane Harvey in 2017 through a recovery program administered by the state via federal funds , the city aimed to use the money to purchase three lots on which
Real Estate News
APRIL 4, 2024
There are more green shoots for would-be home buyers this spring as inventory grows to its highest point since 2020, according to Realtor.com’s monthly report.
Housing Wire
APRIL 4, 2024
Despite settlement agreements from Anywhere , RE/MAX , Keller Williams , Compass and the National Association of Realtors (NAR), the copycat commission lawsuits keep coming. On Wednesday, plaintiff Rajninder (Raven) Jutla, who owns In Love Properties LLC , filed an antitrust lawsuit against Redfin in the U.S. District Court for the Eastern District of California in Sacramento.
Appraisal Buzz
APRIL 4, 2024
Mortgage rates continued to hold steady this week, with the average rate for a 30-year fixed-rate mortgage rising slightly to 6.82%, up from 6.79% last week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 6.28%. “Mortgage rates showed little movement again this week, hovering around 6.8 percent,” says Sam Khater, chief economist for Freddie Mac, in a statement.
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Real Estate News
APRIL 4, 2024
A new study from T3 Sixty and PrimeStreet surveyed brokerages on their lead-gen practices and use of online and AI tools. The latter has produced mixed results.
Housing Wire
APRIL 4, 2024
The federal judge overseeing a case brought by Texas Capital Bank (TCB) against Ginnie Mae has dismissed a portion of the bank’s complaint against the government-owned company but will allow the majority of the case to progress, according to court filings reviewed by RMD. Presiding Judge Matthew Kacsmaryk ruled in the U.S. District Court for the Northern District of Texas that Ginnie Mae’s extinguishment of Reverse Mortgage Funding (RMF) from the Home Equity Conversion Mortgage (HECM)-backed Sec
Real Estate News
APRIL 4, 2024
Mortgage rates ticked up slightly this week, but have stayed in a narrow range throughout 2024. Upcoming economic reports could test this period of stability.
Housing Wire
APRIL 4, 2024
Arizona -based brokerage LUXE Realty welcomed Jack Luciano and Raul Siqueiros as director of estates division and director of new development, respectively, the company announced on Thursday. The two real estate agents were formerly associated with The Agency Scottsdale. They are bringing several top-producing agents with them, including Amy Rhodes, Melissa Herrera, Niko Siqueiros and Peter Hall. ”We’re excited to officially welcome Jack and Raul and their team,” LUXE Realty founders Brian Guzm
Appraisal Buzz
APRIL 4, 2024
U.S. home prices increased 0.7% in February compared with January and were up 5.5% compared with February 2023, according to CoreLogic’s home price index report. The firm forecasts that annual home price appreciation will taper to 3.1% by February 2025. In February, four of the top five states with the highest annual home price growth were in the Northeast: New Jersey, Rhode Island, Maine and Connecticut The five states where home prices remain furthest from the summer 2022 peak are Idaho, Washi
Housing Wire
APRIL 4, 2024
Keller Williams was named in yet another class-action lawsuit that contests alterations made to the brokerage’s profit-sharing program. There are now seven class-action lawsuits against KW that challenge the company’s profit-sharing program adjustments. In the past few weeks, six agents formerly affiliated with Keller Williams — Jerri L. Moulder, David L.
Inman
APRIL 4, 2024
The Berkshire Hathaway affiliate says final judgment in the case shouldn't come before settlements are finalized, a process the franchisor does not expect to be "uncontroversial.
Housing Wire
APRIL 4, 2024
In the March rate update , we discussed why Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgages (HECMs) utilize two interest rates. The “ expected rate ” is unique to reverse mortgages and is calculated by adding the lender’s margin to the weekly average 10-year constant maturity treasury (CMT). This rate is used, among other things, to help determine a borrower’s initial principal limit (borrowing capacity).
Inman
APRIL 4, 2024
Rising mortgage rates thwarted the first weeks of the spring market, according to a Redfin housing report published on Thursday. Homesellers pulled back during the four weeks ending March 31, leading new listing growth to experience the smallest annual increase in seven weeks (+8.4 percent).
Housing Wire
APRIL 4, 2024
The U.S. Department of Housing and Urban Development (HUD) on Thursday announced a new series of affordable housing grants totaling $13.5 million, which will go to support the creation of homes for low-income, first-time homebuyers as part of HUD’s Self-Help Homeownership Opportunity Program (SHOP). Announced by Marion McFadden, HUD principal assistant secretary for community planning, at a Habitat for Humanity event in Nashville, the $13.5 million in “sweat equity grants” will go to support fou
Inman
APRIL 4, 2024
The 9-acre island off the coast of Tampa, Florida, colloquially known as "Beer Can Island," is now on the market seven years after Cole Weaver, James Wester and Russell Loomis first bought it in 2017.
Housing Wire
APRIL 4, 2024
Ryan Serhant — the acclaimed real estate broker, media personality and serial entrepreneur — is moving beyond his career in real estate to delve into the broader arena of sales. Serhant has teamed up with former NBC News producer Kyle Scott to unveil SellIt, a sales training platform tailored for all types of entrepreneurs. “SellIt is the culmination of everything I’ve used to sell nearly $10 billion in volume over the course of my career and I’ve applied to the sales processes at my companies,”
Inman
APRIL 4, 2024
The seller of the 4.5-acre property at the base of Red Mountain is Canadian professional hockey player-turned-entrepreneur Patrick Dovigi. The buyers are former casino mogul Steve Wynn and financier Thomas Peterffy.
Housing Wire
APRIL 4, 2024
The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Marketing Leaders are open until April 30, 2024. Click here to nominate someone from your organization today. While they have endured a rocky, rates-driven cycle, marketers in mortgage and real estate continue to play a pivotal role in lead generation, customer acquisition and retention differentiation that has helped
Eyes on Housing
APRIL 4, 2024
According to the latest What Home Buyers Really Want Study*, home buyers have rather diverse preferences when it comes to the architectural style of their home. In fact, there is no national consensus on exterior design. At best, a plurality of 34% would prefer to purchase a ‘traditional’ home (rooted in historic styles), while a.
Housing Wire
APRIL 4, 2024
This week in Washington, D.C., representatives at federal agencies reinforced their support for the new rules that would modernize the Community Reinvestment Act (CRA), a few days after a federal judge in Texas granted a preliminary injunction to banking associations that seek to halt its implementation. Meanwhile, community-focused trade groups and associations, although feeling that the new rules miss some relevant aspects of fair lending, criticized the judge’s decision.
Inman
APRIL 4, 2024
Garry Marsoubian previously held a leadership position at Bright MLS and has experience working with multiple listing services' data and technology.
Appraiserblogs
APRIL 4, 2024
The case eventually found its way to the U.S. Supreme Court, where it came to be known to the public as the “Sick Chicken Case” It was the Great Depression’s bleakest year – 1933. At President Roosevelt’s urging, Congress passed the National Industrial Recovery Act, a New Deal bill that partially ceded lawmaking authority to private organizations and industry boards to develop codes of conduct that would then be enforced on citizens as binding law.
Inman
APRIL 4, 2024
Software company Inside Real Estate (IRE) has added two industry veterans in key positions, naming Stacey Soleil Senior Vice President of Community and Engagement and Ryan Hartman Vice President of Social & Product Engagement.
GoForrmz
APRIL 4, 2024
Accelerate and standardize formatting with these helpful Template Editor tools The GoFormz Template Editor has helpful tools and methods for efficiently formatting your digital form Templates. Here are four great ways you can quickly improve your Templates. Configure Formatting at a Template Level Rather than configuring the appearance of each field on your Template, you can establish default display settings at the Template level – meaning every field added to a digital form Template will autom
Inman
APRIL 4, 2024
Austin, Texas-based fintech hires CoreLogic vet as CEO and signs APEX Mortgage Group, C2 Financial and Cornerstone First Mortgage as partners.
Empire Appraisal Group
APRIL 4, 2024
What If You Can’t Pay Hefty Special Assessment? By Gary M. Singer RE Q&A: Communicate with your HOA or condo association. Most will try to address the issue with homeowners who have financial difficulties, but there are legal limits. FORT LAUDERDALE, Fla. – Question: Our condominium association recently passed a rather large special assessment to get some work done that we do not have enough money in reserve to cover.
Inman
APRIL 4, 2024
The real estate industry is in mourning as it says goodbye to one of its most powerful and glamorous figures, DirectOffer COO Jennifer Berman.
Mortgagebroker News
APRIL 4, 2024
Critics warn proposal fails to address affordability and could harm struggling renters
Inman
APRIL 4, 2024
If agents want to beat out their local competition, writes trainer and leadership expert Jeff Glover, they need to start focusing on owning the listing inventory in their markets.
Mortgagebroker News
APRIL 4, 2024
Buyers who paused their search are returning, fuelled by optimism
Inman
APRIL 4, 2024
Consumer misconceptions following the NAR settlement are wild. Jimmy Burgess talks to Keeping Current Matters CEO David Childers on how to communicate with today's buyers and sellers.
Lamacchia Realty
APRIL 4, 2024
GUIDANCE ON SELLING INHERITED ESTATE PROPERTY AFTER A LOSS Losing a loved one is difficult for many people, and being faced with selling an inherited property can add another level of stress during an already challenging time. Amid making funeral arrangements and taking the time to properly grieve, assuming the responsibility of your loved one’s estate can be very overwhelming.
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