Tue.Jun 27, 2023

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Eviction filings are up more than 50% in some cities compared to pre-pandemic levels

Housing Wire

Eviction filings have risen more than 50% in some cities when compared to pre-pandemic levels, as expiring relief measures and economic volatility play havoc with the finances of renters in certain parts of the country. This is according to data from the Eviction Lab at Princeton University , as reported by the Associated Press. “Protections have ended, the federal moratorium is obviously over, and emergency rental assistance money has dried up in most places,” Daniel Grubbs-Donovan, research sp

Landlords 384
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Principles of Prosperity: The Final Word

The Appraiser Coach

I’ve recently been posting about what I call the “Principles of Prosperity.” I’ve been hoping to give you a brief introduction that will pique your.

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ACI Worldwide to pay $25M for illegally processing mortgage payments

Housing Wire

ACI Worldwide and one of its subsidiaries, ACI Payments , agreed to pay a $25 million civil penalty for illegally processing $2.3 billion in unauthorized mortgage payments from nearly 500,000 homeowners serviced by Mr. Cooper two years ago. The Consumer Financial Protection Bureau ( CFPB ) issued a consent order against the company on Tuesday for improperly initiating the transactions in April 2021, which opened homeowners to overdraft and insufficient funds fees from their financial institution

Mortgage 370
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It’s a good time to be selling (and buying) new homes

Real Estate News

New home sales are up 20% year-over-year, according to the U.S. Census Bureau, and lower median prices could help first-time buyers.

Buyers 326
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Home prices continued to accelerate in April: Case-Shiller

Housing Wire

After a winter of dire housing market forecasts, the housing market regained its footing this spring, with home prices rising month-over-month for the third consecutive month in April, according to the S&P CoreLogic Case-Shiller National Home Price Index , which was released Tuesday. These increases came after seven consecutive months of decline.

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eXp CEO reveals Homes.com talks and new twist on recruiting

Real Estate News

Glenn Sanford’s “State of the Union” hints at strategic partnerships, an exclusive lead-gen strategy and investments in attracting teams.

Investing 293

More Trending

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Principles of Prosperity: The Final Word

The Appraiser Coach

I’ve recently been posting about what I call the “Principles of Prosperity.” I’ve been hoping to give you a brief introduction that will pique your interest. I’ve purposely not given you tons of information on them. That’s because of another principle: what you sacrifice for becomes more meaningful. You will appreciate these principles more if you sacrifice time and effort to learn them more deeply on your own.

Law 195
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Ex-chief of staff accuses The Change Company of “mischaracterizing loans” 

Housing Wire

A former high-ranking employee at nonbank The Change Company CDFI (TCC) filed a lawsuit in California accusing the company of retaliation after he notified executives of employees “mischaracterizing loans” to apparently skirt federal reporting requirements. The lawsuit, filed in Orange County, alleges that Adam Levine, the chief of staff to CEO Steven Sugarman, began reporting illegal activity by the company’s employees in February 2023 to Sugarman and other executives and board members.

Investors 370
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Home prices are on the rebound

Real Estate News

The latest Case-Shiller Index found that after falling in the second half of 2022, home prices have been trending up since January.

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Lender Toolkit and Reggora partner to streamline mortgage underwriting

Housing Wire

Automated mortgage technology provider Lender Toolkit announced this week that it has integrated with Reggora , an appraisal management software company that focuses on modernizing residential real estate valuations for mortgage lenders. “We’re elated to partner with Reggora’s modern appraisal management platform, which has a well-documented open API that makes integrations easy to maintain,” said Brent Emler , director of sales at Lender Toolkit. “While appraisals

Mortgage 367
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Want more pizzazz in your listing? Zillow's latest tool aims to deliver

Real Estate News

Listing Showcase, a ShowingTime+ product, is designed to provide a more "immersive" experience for buyers and give listings agents an edge.

Tools 229
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New home sales jumped 20% in May, a 12.2% jump from April

Inman

In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price.

Marketing 157
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Foregoing Contingencies! But What About Fiduciary Duty?

Appraiserblogs

By foregoing contingencies such as home inspections and appraisals altogether, mortgage lenders risk violating their fiduciary duty – which is supposed to prioritize the interests of the borrower above all else. It is no surprise that some loan officers are salivating over the prospect of not having to wait for a full appraisal or a home inspection.

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Zillow rolls out AI-powered ‘super listing’ tool

Inman

Listing Showcase is part of Zillow's new ShowingTime+ brand and is currently available to a select group of agents that partner with the portal giant, according to the company.

Tools 148
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[Video] Customer Story: Hennity Plastering Contractors

GoForrmz

“ Having project managed for multiple years, I would estimate that 10% of the income is lost for contractors because they don’t have a digital data capture system… ” — Conlin Morrison, Civil Engineer, Hennity Plastering Contractors About Hennity Plastering Contractors Operating primarily in the United Kingdom, Hennity Plastering Contractors specializes in ceiling and wall partitions.

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NAR kicks off nationwide search for ‘diverse’ CEO candidates

Inman

Applications to become the 1.5 million-member trade group's 13th chief executive will be accepted through July 31, the National Association of Realtors announced.

Realtors 155
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Is Now the Right Time to Sell Your Home in Texas? An In-Depth Analysis

Listing Spark

The Texas real estate market, like the rest of the nation, is evolving. Recent shifts have left many homeowners wondering if now is the opportune time to sell their homes. While market dynamics have indeed changed, key indicators suggest that it’s still an excellent time to sell. Join us as we navigate through the intricacies of the current landscape and provide you with an in-depth analysis to guide your decision-making process.

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The AI race is on in real estate

Inman

Don't overthink AI, and don't sleep on it. The potential for problem-solving the world's most intractable challenges is too great to ignore, writes Inman publisher Brad Inman.

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The 4 Steps to Financial Freedom Through Rental Property Investing

BiggerPockets

Want financial freedom? We’re not talking about buying yachts, private planes, or million-dollar sports cars. We mean REAL financial freedom.

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The pros and cons of representing renter clients

Inman

Though renting may come with smaller commissions than selling, working with prospective tenants can still be a profitable part of your real estate business, Philadelphia Realtor Jonathan Pressman writes.

Clients 148
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Mortgage brokers and agents – what should be top of mind?

Mortgagebroker News

Plenty to focus on in the current market, mortgage industry insider says

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New MLS-backed showing tool inks deal with 1st non-owner customer

Inman

New Mexico MLS — a statewide MLS with 1,150 agent, broker and appraiser subscribers — will likely launch Aligned Showings in either the fourth quarter of 2023 or the first quarter of 2024, according to MLS Aligned.

Tools 148
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What will it take to reliably manage Canada's inflation rate?

Mortgagebroker News

CIBC weighs in on what would limit further inflationary pressures

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Discovering the key elements teams seek in a brokerage

Inman

In the latest Inman Access class, tech leaders and teams of different sizes share what team leaders and agents want from their brokerages and what attracts and keeps them with a brand.

Brokerage 147
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Streetwise Mortgages founder on why robust foundations matter

Mortgagebroker News

Long-term success hinges on getting the fundamentals right

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‘Wolf of Airbnb’ pleads guilty to earning $1M while stiffing landlords

Inman

Konrad Bicher pleaded guilty to one count of wire fraud after collecting $1.2 million renting out his apartments on Airbnb while not paying his New York City landlords, according to a statement.

Landlords 147
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New home sales defy recession calls

Housing Wire

New home sales are up 20% year over year, and existing home sales are down 20% year over year; this is something we don’t see very often. One group has the advantage here while the other doesn’t: The new home sales market is minuscule versus the existing one, and the builders sell their homes like a commodity. Last year a theme of mine was that new home sales are historically low, and the builders know how to move products when needed.

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Mortgage broker salary: How much do they make?

Inman

Mortgage brokers typically make a 1 percent to 2 percent or more commission from each loan they broker, but a lot of other variables determine how much money they make in a year.

Mortgage 145
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TD expecting another Bank of Canada rate increase soon

Mortgagebroker News

A BoC policy rate of 5% is almost a certainty, bank says

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The Agency brings 1st office in North Carolina to Charlotte

Inman

Industry veteran Erika Mendoza will serve as managing partner and broker in charge, and Abigail Hines Miller will also serve as managing partner, according to the company.

Brokerage 147
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Canadian confidence remains robust amid headwinds, poll says

Mortgagebroker News

Consumer confidence is still "marginally positive"

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10 creative euphemisms for a sluggish real estate market

Inman

Although euphemisms and analogies are not the magic solution to a sluggish market, Darryl Davis writes, they can help make a difference in how you approach the situation.

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Canada inflation rate slows dramatically

Mortgagebroker News

Annual price growth hits lowest level since June 2021

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CoStar execs talk top new features coming to Apartments.com

Inman

"We can make the leasing agent’s job easier," an Apartments.com executive said as the company pushes the rental industry to modernize the lease-up experience.