Housing Wire

NOVEMBER 7, 2023

Banks have tightened lending standards for most categories of residential real estate (RRE) loans and home equity lines of credit (HELOC) over the third quarter of 2023. The tightening came amid elevated interest rates and uncertainty in economic conditions. A survey taken by the Federal Reserve showed that a 20%-plus share of banks reported having tightened standards on non-qualified-mortgage (non-QM) jumbo residential loans (23.9%), QM jumbo loans (26%), non-QM non-jumbo (20.4%) and HELOCs (2

Lending 479

Lending Mortgage Loan Officers Government 479

Real Estate News

NOVEMBER 7, 2023

During a webinar, T3 Sixty leaders acknowledged that emotions are running high as they talked through potential implications of the Sitzer/Burnett verdict.

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Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% down.

Agents 458

Agents Sellers Buyers Finance 458

Real Estate News

NOVEMBER 7, 2023

Lance Lambert, former real estate editor at Fortune, discussed his theory of the market’s headwinds and tailwinds — and the “tug-of-war” they’re playing.

Real Estate 261

Real Estate 261

Housing Wire

NOVEMBER 7, 2023

In September, the nation’s banking regulators released a proposal to increase the capital required of banks with more than $100 billion in assets. The effort was intended to decrease systemic risk, but by focusing narrowly on the risk posed by banks, it would likely increase risk in the mortgage market. The proposal would make it more expensive for large banks to hold, sell or service mortgages, reinforcing their now decade-long retreat from mortgage lending.

Mortgage 450

Mortgage Marketing Finance Lending 450

The Appraiser Coach

NOVEMBER 7, 2023

Getting older got you thinking about retirement? Well, hopefully this isn’t the first time it’s crossed your mind. It’s never too early to think about what you want your job to look like long term. And the ideal retirement plan might look different for you than it does your neighbor. Maybe you have a last day, turn in your keys, buy an RV and travel the country.

Finance 195

Finance Appraisal Inspection Advertising 195

Real Estate News

NOVEMBER 7, 2023

Anywhere inks deal with RealScout; Scout wins pitch battle; Chime rebrands; Saskatchewan Realtors adds Restb.ai; Recruiting Insight absorbs Talent Scout.

Realtors 220

Realtors 220

Housing Wire

NOVEMBER 7, 2023

Speculation is still swirling around the proposed commission lawsuit settlement agreements reached by RE/MAX and Anywhere in the Sitzer/Burnett, Moehrl and now Nosalek lawsuits. The settlement agreements outline specific policy changes, including no longer requiring agents to be members of the National Association of Realtors or follow NAR’s Code of Ethics or the MLS Handbook, and informing agents that they don’t have to make or receive offers of cooperative compensation.

Brokerage 431

Brokerage Law Agents Realtors 431

Real Estate News

NOVEMBER 7, 2023

A spokesperson said roughly two dozen people were laid off across multiple teams as part of Zillow’s ongoing resource-management efforts.

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Housing Wire

NOVEMBER 7, 2023

loanDepot , the California-based lender targeting profitability next year, delivered its sixth consecutive quarterly loss in the third quarter of 2023, according to documents filed with the Securities and Exchange Commission (SEC) on Tuesday. Total revenue declined as a result of lower origination volume. Still, there were financial improvements. Higher margins aided by an aggressive cost-cutting strategy shrunk expenses, narrowing loanDepot’s losses in the period.

Legal 421

Legal Contracts Real Estate Mortgage 421

Inman

NOVEMBER 7, 2023

According to Instagram marketing expert Michelle Berman-Mikel, saying the right thing, then moving the conversation into the real world, can allow you to create a social media strategy that converts.

Business 197

Business Marketing Agents 197

Housing Wire

NOVEMBER 7, 2023

Mortgage tech firm Blend Labs continued to narrow its financial losses in the third quarter, driven by strong growth in its consumer banking business. Its mortgage business outperformed the broader origination market and the company reduced cash burn, putting the firm on track to its goal of reaching non-GAAP profitability by next year. The San Francisco-based company reported a non-GAAP net loss of $21.4 million in the third quarter, compared to a non-GAAP net loss of $22.7 million in Q2 and a

Mortgage 420

Mortgage Investors Business Technology 420

Realtor

NOVEMBER 7, 2023

iStock The costs of buying a home go well beyond the actual purchase price. If you’re a first-time home buyer , you might get a little queasy when the last line of your good-faith estimate comes in at several thousand dollars. And after the color returns to your face, you might also be a little more than perplexed by some of those fees. Knowing what you’re paying for when you’re buying a home—like these 10 costs of buying a home—can ease that check-writing pain.

Inspection 196

Inspection Insurance Sellers Buyers 196

Housing Wire

NOVEMBER 7, 2023

Newrez has launched a new joint venture mortgage company, Carnegie Mortgage Partners , in collaboration with a top Keller Williams franchise network in Bergen County, New Jersey, the lender announced on Monday. The joint venture mortgage company is led by Margaret Bernabei, a former branch manager at a CrossCountry Mortgage outpost. Carnegie Mortgage Partners’ office is in Ridgewood, New Jersey.

Realty 410

Realty Mortgage Brokerage Agents 410

Inman

NOVEMBER 7, 2023

Disrupting the National Association of Realtors' use of multiple listing services as a "vehicle for higher commissions" is at the center of talks, lawyer Michael Ketchmark told Inman exclusively.

Realtors 187

Realtors Agents 187

Housing Wire

NOVEMBER 7, 2023

Compass surprised positively in the third quarter of 2023 by posting a number of strong results. The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% in Q3. The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023.

Agents 410

Agents Real Estate Agent Realtors Brokerage 410

Inman

NOVEMBER 7, 2023

Monthly Fannie Mae survey shows homebuyer pessimism at a high for records dating back to 2010, but a broader index aimed at capturing overall housing market sentiment improved in October.

Housing Market 184

Housing Market Marketing Mortgage 184

Housing Wire

NOVEMBER 7, 2023

loanDepot has appointed David Smith to the newly-created position of vice president of national VA lending, the company announced on Monday. In this role, Smith, a former Army sergeant, will oversee the lender’s VA lending strategy. Additionally, he will spearhead the company’s VA Council, a group of loanDepot originators who specifically serve veterans and military personnel.

Lending 402

Lending Real Estate Agent Real Estate Training 402

Inman

NOVEMBER 7, 2023

The rebrand to Lofty from Chime was driven by a number of business factors, such as ongoing confusion with the web bank of the same name and its evolution far beyond customer relationship management.

Business 184

Business Real Estate Technology Marketing 184

Housing Wire

NOVEMBER 7, 2023

West Coast juggernaut independent brokerage John L. Scott Real Estate has acquired boutique brokerage Sterling Johnston Real Estate , based out of Redmond, Washington. The acquisition brings 43 additional agents to John L. Scott offices in the Puget Sound region, according to published reports. Sterling Johnston executives Tucker Petrzelka, Brooke Nortness and Eirik Olsen will join John L.

Brokerage 402

Brokerage Real Estate Property Management Agents 402

Eyes on Housing

NOVEMBER 7, 2023

Porches have been a popular home feature, consistently ranking in the top 10 in the NAHB surveys of recent and prospective home buyers published in What Home Buyers Really Want. And porches remain as popular as ever specifically on new homes, according to NAHB tabulation of the latest Survey of Construction (SOC, conducted by the U.S. Census Bureau with partial.

Construction 183

Construction Buyers 183

Inman

NOVEMBER 7, 2023

The company filed for Chapter 11 bankruptcy in New Jersey as part of a "comprehensive reorganization" of the office space leasing giant.

Real Estate 187

Real Estate 187

GoForrmz

NOVEMBER 7, 2023

Originally published on 02/22/2019 GoFormz makes it incredibly easy to digitize your forms, automate your communication and collaboration, and run reports on your collected data Staying ahead of the competition often depends on the ability to process information quickly, communicate seamlessly, and respond to challenges and opportunities accurately.

Tools 148

Tools Retail Marketing 148

Inman

NOVEMBER 7, 2023

Now that the first of the bombshell commission suits is in the rearview mirror, what's next? What changes are you seeing, and what changes are you making?

Real Estate 180

Real Estate Agents 180

Appraiserblogs

NOVEMBER 7, 2023

So what’s caused the sudden loss of income? Could it be because of the racial bias complaint filed against me by an unhappy Seller… Fannie Mae accomplished what they set out to do in July 2011, when they initiated their Uniform Appraisal Dataset (UAD) and the Uniform Collateral Data Portal. The goal was to collect enough property data to effectively remove appraisers from the home buying and refinancing process.

Sellers 131

Sellers Valuation Law Contracts 131

Inman

NOVEMBER 7, 2023

According to CEO Dan Stewart, the way you communicate with clients and agents right now will set you up for success as buyer commission litigation continues to unwind.

Agents 170

Agents Buyers Clients Training 170

BiggerPockets

NOVEMBER 7, 2023

Raking in twelve thousand dollars each month from only four rentals might seem like pie in the sky, but that’s the power of investing (and reinvesting!) in short-term rentals.

Investing 75

Investing Real Estate 75

Inman

NOVEMBER 7, 2023

Mortgage and banking tech provider reports a $41.8 million Q3 net loss with revenue down 27 percent from a year ago to $40.59 million, but company executives emphasize potential for growth.

Mortgage 164

Mortgage Technology 164

Mortgagebroker News

NOVEMBER 7, 2023

Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year

Marketing 80

Marketing 80

Inman

NOVEMBER 7, 2023

According to team leader and new Inman contributor Sarah Bennett, video marketing provides tremendous return on investment when you follow these strategies.

Real Estate 170

Real Estate Marketing Investing Agents 170

Houston Properties

NOVEMBER 7, 2023

Looking to sell your Houston home fast and for the most money? Check out these top 10 home staging ideas to help you increase the value of your home.

Sellers 69

Sellers 69

Inman

NOVEMBER 7, 2023

Players can experience what it's like to manage rentals in a real city, with tenants who harass each other, miss rent and commit crime.

Landlords 180

Landlords Tenants 180

Mortgagebroker News

NOVEMBER 7, 2023

Despite understandable concerns, specific advice can set minds at ease, says top broker

Mortgage 68

Mortgage 68

BiggerPockets

NOVEMBER 7, 2023

The NAR lawsuit just ended in a way almost no one expected.

Realtors 79

Realtors Real Estate Agents Appraisal 79