Housing Wire

APRIL 29, 2024

Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week. The Austin, Texas-based lender will continue offering small-balance commercial and business purpose debt service coverage ratio (DSCR) loans to its clients, CEO John Eisinger told HousingWire Monday morning. He cited a difficult market and elevated rates as reasons for shutting down correspondent and consumer lending businesses , which were added in 2022.

Lending 425

Lending Clients Business Real Estate 425

Appraisal Buzz

APRIL 29, 2024

Mortgage tax escrow payments for local property owners and government processors continue to serve as a crucial source of revenue for local governments. Among these payments, timely settlement of local property taxes holds particular significance. However, mortgage lenders are also a critical component here, and failure to adopt a reliable payment processing system for escrow can have a detrimental effect on mortgage servicer accounting and operations.

Property Taxes 195

Property Taxes Local Properties Mortgage Government 195

Housing Wire

APRIL 29, 2024

California-based mortgage tech firm Blend Labs , which has pursued non-GAAP profitability since it went public in 2021 , announced a $150 million investment on Monday from private equity firm Haveli Investments. Blend will use $145 million of the proceeds to repay existing credit agreements. The remainder is for general corporate purposes, the company said in a prepared statement.

Investing 411

Investing Technology Mortgage Marketing 411

Appraisal Buzz

APRIL 29, 2024

A recent flood of homes for sale in certain communities in Florida and Texas has resulted in something considered unusual during the past four years: Price cuts. According to a report from Redfin , the communities of Cape Coral, Fla. and North Port, Fla., saw inventory jump about 50% in the past year – while McAllen, Texas, saw its supply jump 25%. As a result of this surge in inventory, 48% of listings in the North Port-Sarasota market had a price cut—the highest share in the country.

Inventory 195

Inventory Sellers Appraisal Marketing 195

Housing Wire

APRIL 29, 2024

Douglas Elliman has joined the growing list of brokerages that have settled the commission lawsuits. In an 8K filed with the Securities and Exchange Commission (SEC) on Friday, the firm announced that it had reached a nationwide settlement agreement with the Gibson lawsuit plaintiffs. According to the filing and an accompanying press release, the settlement covers Douglas Elliman and all of its subsidiaries.

Brokerage 382

Brokerage Agents Legal Realty 382

Appraisal Buzz

APRIL 29, 2024

This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Some other features we have in our magazine include Buzztoon comics, as well as crazy stories from appraisers and readers like you! Read all these articles and more in the latest edition HERE. If you want to make sure you are receiving the print version of the Appraisal Buzz magazine in your mailbox, sign up HERE.

Clients 195

Clients Business Appraisal Lending 195

Real Estate News

APRIL 29, 2024

The brokerage becomes the ninth real estate entity to strike a deal with home sellers, with an initial damages payment of nearly $8 million.

Brokerage 216

Brokerage Real Estate Sellers 216

Housing Wire

APRIL 29, 2024

eXp Realty recently appointed several new faces to its executive team. Most notably, the brokerage appointed Amy Weaver to the position of senior vice president of the U.S. growth team, while Felix Bravo was appointed to the role of vice president of global growth. Weaver will be supported by three newly appointed regional vice presidents of growth: Frank Panunto, Russ Laggan and Tony King.

Realty 369

Realty Agents Brokerage Design 369

Real Estate News

APRIL 29, 2024

As his namesake firm celebrates 50 years, Bill Raveis says the key to surviving rough cycles is to look for opportunities and “figure it out.

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Housing Wire

APRIL 29, 2024

Intercontinental Exchange (ICE) introduced MSP Digital Experience (MSP DX), a conversational user interface designed to interact with the company’s leading mortgage servicing system, MSP. MSP DX provides servicing professionals with an intuitive, dynamic and conversational approach to working within MSP. The new interface is poised to streamline workflows, enhance efficiencies and simplify the training process for servicing team members.

Mortgage 362

Mortgage Technology Training Valuation 362

Inman

APRIL 29, 2024

As the commission landscape changes, Side's Hilary Saunders writes, it's time for agents, teams and brokerages to look at the ways this will improve the industry's reputation.

Agents 197

Agents Real Estate Brokerage Real Estate Agent 197

Housing Wire

APRIL 29, 2024

Pennsylvania-based Fulton Bank, National Association of Lancaster, has agreed to assume most of the deposits and assets of Republic First Bank , which state regulators seized on Friday to “protect depositors.” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space.

Loan Officers 340

Loan Officers Insurance Mortgage Lending 340

Inman

APRIL 29, 2024

These increasingly uncertain attitudes among agents in March were a departure from brokers, who were more likely to tell Intel that they still view the National Association of Realtors positively.

Agents 195

Agents Realtors Real Estate Brokerage 195

Eyes on Housing

APRIL 29, 2024

According to the data released by Bureau of Economic Analysis (BEA), private fixed investment in student dormitories edged down 0.1% to a seasonally adjusted annual rate (SAAR) of $4 billion in the first quarter of 2024, after a 2.3% increase in the prior quarter. Private fixed investment in dorms was 10.4% higher than a year.

Construction 87

Construction Investing 87

Inman

APRIL 29, 2024

Many baby boomers are interested in rental markets close to home, multifamily expert Michael Zaransky writes, especially when they offer features that enhance their lifestyles and options.

Marketing 180

Marketing Investing Real Estate Investors 180

GoForrmz

APRIL 29, 2024

How digital forms can transform your field service operations Field service teams are the backbone of many industries. From banking to technology, field service technichians install specialized machinery, repair various equipment, and ensure companies stay up-to-date with the latest tech. However, many field teams rely on outdated paper forms and processes that hamper their productivity.

Legal 78

Legal Inspection Tools Technology 78

Inman

APRIL 29, 2024

The same factors that won your first listing are the same ones that will be intergal in winning over buyers, writes TowerHill Realty CEO Patrick Kilner.

Realty 180

Realty Buyers Law Brokerage 180

BiggerPockets

APRIL 29, 2024

A record 300,000 migrants entered the U.S. through the southern border in December. Rather than trying to sneak past border agents, many surrendered to apply for asylum.

Housing Market 83

Housing Market Investors Marketing Agents 83

Inman

APRIL 29, 2024

Backflip, a company that built an application to help investors analyze and finance properties to flip, has secured a $15 million Series A round of funding.

Investing 171

Investing Finance Investors Real Estate 171

BiggerPockets

APRIL 29, 2024

This article is presented by CV3 Financial. Read our editorial guidelines for more information. The real estate market is ever-evolving, and there has been a growing trend toward ground-up construction.

Real Estate 81

Real Estate Construction Investors Marketing 81

Inman

APRIL 29, 2024

The proposed deal would resolve pending antitrust claims that have been brought by homesellers, but not homebuyers.

Realtors 174

Realtors Brokerage 174

Lamacchia Realty

APRIL 29, 2024

We are pleased to announce that Emerson Realtors out of Auburn, Massachusetts have joined forces with Lamacchia Realty. Emerson Realtors was co-founded by Kevin Maher, a fifth generation REALTOR® whose career spanned an impressive 45 years. Lamacchia Realty has been serving Auburn and the surrounding areas for over a decade, and the Lamacchia Worcester office was the top real estate office in Worcester County in 2023 by transaction.

Realtors 78

Realtors Realty Real Estate Brokerage 78

BiggerPockets

APRIL 29, 2024

A tenant not paying rent can turn your profit upside down. Should you find yourself in this situation, there are several key steps you must take.

Tenants 82

Tenants Property Management Landlords 82

Mortgagebroker News

APRIL 29, 2024

Housing analyst suggests current policies may do more harm than good

Mortgage 72

Mortgage 72

BiggerPockets

APRIL 29, 2024

With this guidance, you can create a property management checklist that guides you throughout the year.

Property Management 80

Property Management Landlords 80

Mortgagebroker News

APRIL 29, 2024

Economic slowdown in Canada may lead to earlier-than-expected interest rate cuts

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67

BiggerPockets

APRIL 29, 2024

Want to be a millionaire or build a business that brings in seven figures? Want generational wealth and to be debt-free?

Business 48

Business 48

Mortgagebroker News

APRIL 29, 2024

Expertise, strategic partnerships, and passion accelerating growth for new brokerage

Brokerage 62

Brokerage 62

Movoto

APRIL 29, 2024

In this special edition episode, industry veteran Chris Heller breaks down the settlements of the real estate industry class action lawsuits in straightforward terms and sheds light on what it means for agents, brokers, and real estate companies. Transcript March 25, 2024 Hosts: Patrick Kearns and Sophie Brandeis Guest: Chris Heller, President of Movoto Patrick: Hello, and welcome to the MovotoMic podcast, a new real estate podcast brought to you by Movoto.com.

Agents 36

Agents Sellers Realtors Buyers 36

Mortgagebroker News

APRIL 29, 2024

Mortgage agent warns of hidden complexities and risks associated with products

Government 61

Government Mortgage Agents 61

BiggerPockets

APRIL 29, 2024

There’s a silent threat out there that most real estate investors have no idea about.

Real Estate 48

Real Estate Investors 48

Mortgagebroker News

APRIL 29, 2024

AI tools for marketing automation is key, says company

Tools 57

Tools Marketing 57

Housing Wire

APRIL 29, 2024

Guild Mortgage CEO Terry Schmidt speaks last week at The Gathering by HousingWire in Scottsdale, Arizona. Photo credit: AJ Canaria Discussions about the reverse mortgage product category were not difficult to find this past week in Scottsdale, Arizona, during The Gathering by HousingWire , an event that combined both the real estate-focused RealTrends Gathering of Eagles and the mortgage-focused HousingWire Annual into a single event for the first time.

Mortgage 409

Mortgage Real Estate Real Estate Agent Business 409

Eyes on Housing

APRIL 29, 2024

Building upon our exploration of green building trends, major practices, and resilience strategies based on The Building Sustainably: Green & Resilient Single- Family Homes 2024 SmartMarket Brief, this article now shifts focus towards ways to increase green building within the housing market. Top Incentives to Build Green The survey asked all respondents to select the.

Marketing 152

Marketing Housing Market 152