Housing Wire
JANUARY 3, 2024
Mortgage demand fell over the holidays despite declining mortgage rates. Mortgage applications decreased 9.4% for the week ending Dec. 29 compared to two weeks earlier, according to data from the Mortgage Bankers Association (MBA). The 30-year fixed mortgage rate closed 2023 at 6.76%, more than one percentage point lower than its October peak of 7.9%, according to Joel Kan, MBA’s vice president and deputy chief economist.
Real Estate News
JANUARY 3, 2024
Membership fell by more than 17,000 from November to December, and the association posted its first annual decline in more than a decade.
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Housing Wire
JANUARY 3, 2024
The rising cost of homeowners insurance is weighing more heavily on American homeowners and buyers, according to a survey published Wednesday by Mphasis Digital Risk , a technology services company serving the residential real estate lending industry. The nationwide survey received 1,634 responses from a pool of homeowners and non-homeowners. The vast majority of respondents (90%) expressed concerns about rising homeowners’ insurance costs, while 27% reported that they are considering moving to
George Dell
JANUARY 3, 2024
An appraisal, everyone knows what is. Or do they? To explore this question, we must consider the theoretical – what USPAP expects. And we must consider what actually happens – in real, practical, practical, practice. In addition, we must consider other “valuations” types. We also might glance at what might be an ideal – given […] The post What IS an Appraisal?
Housing Wire
JANUARY 3, 2024
What should you avoid saying or doing on a listing presentation? Whether you’re presenting to a good friend, a referral client or a colder lead, there are some universal mistakes you must avoid if you want to take the listing. The good news is that all of these things are easy to remember: 1. Don’t arrive late Early is on time, on time is late and if you’re late, you’ll lose.
The Appraiser Coach
JANUARY 3, 2024
A simple concept, but how can you make this apply to real estate appraisal? How do you increase your volume and revenue by creating great offers for your potential clients? Check out this episode!
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
The Appraiser Coach
JANUARY 3, 2024
With less volume comes more time on your hands. Some appraisers are using that time to attack others. Dustin gives a better solution to how you might spend your extra time. Check out this episode!
Housing Wire
JANUARY 3, 2024
William Erbey, the controversial founder of Ocwen Financial Corp. , is back as chairman at Altisource Asset Management Corp. (AAMC). The company appointed Erbey to the role of CEO in late December and the board of directors also appointed him as its Chairman, a position he held from March 2012 to January 2015. This comes on the heels of the departure of interim CEO Danya Sawyer, who left in early December.
Inman
JANUARY 3, 2024
Since acquiring SimpleNexus for $933.6 million and rebranding the company, nCino has been signing new clients and cross-selling its new mortgage capabilities to existing customers.
Housing Wire
JANUARY 3, 2024
As the U.S. population grows older with each passing year, looking for new and novel ways to fund long-term care for the aging population could include home equity. A reverse mortgage can certainly play into this, but another growing dynamic is the divide between higher- and lower-income homeowners. This is according to “ Housing America’s Older Adults 2023 ,” the latest edition of a report published by Harvard University ’s Joint Center for Housing Studies (JCHS) in December.
Inman
JANUARY 3, 2024
Kevin Ford achieved viral status for never missing a day of work during 27 years and was able to purchase his first home through a subsequent fundraising campaign.
Housing Wire
JANUARY 3, 2024
Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. The survey, which was conducted between the end of November and the end of December 2023, garnered 136 respondents, with 28 from the Northeast, 26 from the Southeast, 33 from the Midwest, 33 from the Southwest and 16 from the Northwest.
Inman
JANUARY 3, 2024
To formulate this list of how-tos to start the year off right, Inman's Service Editor Dani Vanderboegh rounded up the top advice and most-read contributors of 2023.
Housing Wire
JANUARY 3, 2024
Reverse mortgage servicing company Celink is seeking the dismissal of a lawsuit alleging that it had added unlawful servicing fees to reverse mortgage loans alongside now-bankrupt lender Reverse Mortgage Funding (RMF). In response to the recent recommendation by a magistrate judge against the dismissal of Dancy-Wilkins v. Compu-Link Corporation , the servicer said that the recommendation was made on a more procedural basis rather than the actual merits of Celink’s original motion to dismiss “wit
Inman
JANUARY 3, 2024
Inman announced that it will expand its live event offerings in 2024, bringing its iconic Inman Connect conferences to Miami, Florida, on May 21-22, 2024, and Austin, Texas, on Oct. 9, 2024.
Housing Wire
JANUARY 3, 2024
A U.S. Department of Housing and Urban Development (HUD) program designed to allow for the construction of rental housing units is getting a new participant: the Cherokee Nation. The Cherokee Nation announced it will participate in HUD’s Section 184 Skilled Workers Demonstration Program, which will allow for the construction of multiple rental dwelling units in Cherokee communities that will be provided to skilled workers in multiple professional fields, according to an announcement published by
Eyes on Housing
JANUARY 3, 2024
Due to tightened monetary policy, the count of total job openings for the economy continues to move slower. This is consistent with a cooling economy that is a positive sign for future inflation readings. In November, the number of open jobs for the economy declined to 8.8 million. This is notably lower than the 10.8 million reported a year ago.
Housing Wire
JANUARY 3, 2024
Valuation in the residential brokerage industry has some characteristics that are unique when compared to other industries and businesses. First, the business of residential brokerage is highly dependent on the recruiting, retention and production of independent contractor sales agents. Brokerage firms are not producing goods on a factory line — there are no warehouses holding physical inventory, no retail distribution channels and really, no patentable intellectual property.
Inman
JANUARY 3, 2024
Sexual harassment, abortion rights, and discussions on the economy, personal finance, and pop culture: Women dominated the conversation and the economy this year, Rachael Hite writes.
Housing Wire
JANUARY 3, 2024
Deran Pennington, a former Movement Mortgage top sales executive sued for poaching by the lender, filed a counterclaim alleging that Movement breached the contract by failing and refusing to pay his due compensation. In total, he asks for about $13 million. In July, HousingWire reported that Pennington and two other top sales executives – Matt Schoolfield and Chris Shelton – parted ways with Movement Mortgage to join Summit Funding , which led to a legal battle between the parties.
Inman
JANUARY 3, 2024
Recent decline in rates is "some cause for optimism," but requests for purchase loans are still down 12 percent from a year ago.
Housing Wire
JANUARY 3, 2024
Nonbank mortgage lender and servicer Pennymac Financial Services issued pink slips to more than 80 employees in November as it faced tough headwinds in 2023. A total of 84 staff were affected at five offices in Pasadena, Roseville, Agoura Hills, Westlake Village and Moorpark, California, according to a Worker Adjustment and Retraining Notifications (WARN) alert submitted to the California’s Employment Development Department (EDD) in late December.
Inman
JANUARY 3, 2024
Proptech has a role to play in how real estate consumers view and interact with the professionals who help them buy and sell homes.
Appraiserblogs
JANUARY 3, 2024
There’s a lot to like about the bylaws of the Association of World Reindeer Herders. The code defines how herders promote professional, commercial and cultural contact in all matters related to reindeer herding. The document sets the gold standard for disseminating information world over about reindeer husbandry. The bylaws were approved at the first Congress of World Reindeer Herders on March 2, 1997.
Inman
JANUARY 3, 2024
The Inman Connect team is bringing some amazing and unique networking experiences to our Inman Connect New York attendees this January.
BiggerPockets
JANUARY 3, 2024
Mortgage rates have been on the decline and are expected to keep falling. What does that mean for inventory and home seller attitudes this year? Here's what you need to know.
Inman
JANUARY 3, 2024
All 200 full-time staff members along with contractors and part-time staff were dismissed during “a two-minute Google Meet call.
BiggerPockets
JANUARY 3, 2024
Fannie Mae's Home Purchase Sentiment Index hit all-time lows last year, but now experts say we've turned a corner. Here's what you need to know.
Inman
JANUARY 3, 2024
Executives, owners and investors at real estate technology companies signaled in responses to November's Inman Intel Index survey that 2024 will be a year of growth. These are their plans.
BiggerPockets
JANUARY 3, 2024
Off-market real estate deals allow you to avoid the multiple listings service (MLS) and find RARE properties often at a sizable discount, but many rookie investors are hesitant to send […]
Inman
JANUARY 3, 2024
Tell us all about the best tips, tricks, strategies and insights you gleaned in 2023 that are worth taking with you into 2024.
Lamacchia Realty
JANUARY 3, 2024
Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for December 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! December 2023 Winners of the Top 10 for the Company are: Eileen Doherty grew up in Woburn and resides in the area to this day.
BiggerPockets
JANUARY 3, 2024
We all fall victim to fallacies, even the most wealthy do. But the best antidote is staying informed. Here are 10 myths about investing and money.
Lamacchia Realty
JANUARY 3, 2024
We are ecstatic to officially announce that Eileen Doherty is the #1 REALTOR® companywide for the Most Transactions and the Highest Sales Volume for the second year in a row! Along with this distinction, Eileen has also been awarded for Most Transactions and Highest Sales Volume in our Woburn office for the 5 th year in a row ! Eileen closed out the year with $55,170,167 in sales volume and 73 closed transactions.
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