Housing Wire
DECEMBER 5, 2023
When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. This allows investors to gain exposure and returns from the mortgage market, while the lenders gain immediate capital to issue new mortgages.
Real Estate News
DECEMBER 5, 2023
West Penn MLS and multiple brokerage companies are defendants in the latest buyer-broker commission suit filed Monday by home sellers in Western Pennsylvania.
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Housing Wire
DECEMBER 5, 2023
The National Association of Realtors (NAR) has a new chief marketing and communications officer. The trade group announced Tuesday that Suzanne Bouhia would lead NAR’s marketing and communications group starting Dec. 11. Bouhia is joining NAR’s senior vice president team, which is responsible for supporting NAR’s CEO. “It is my privilege to help shape NAR’s perspective and amplify the voice of its 1.5 million members within the real estate industry and beyond.
Real Estate News
DECEMBER 5, 2023
Mortgage rates, inventory and prices are expected to improve for homebuyers in the new year as the industry responds to commissions-focused court cases.
Housing Wire
DECEMBER 5, 2023
An arbitrator conclusion issued last week caps a four-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry, Black Knight Servicing Technologies and PennyMac Financial Services. In a 2019 lawsuit, Black Knight accused Pennymac of copying its mortgage servicing platform, MSP, to create its Servicing Systems Environment (SSE) platform.
Real Estate News
DECEMBER 5, 2023
Suzanne Bouhia will take on the role of Chief Marketing and Communications Officer, effective Dec. 11, during a turbulent time for the organization.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
DECEMBER 5, 2023
Faced with rising prices and rates, buyers are increasingly counting on personal loans and gifts to close deals, according to a survey of 3,000 potential buyers conducted by Dig Insights and Inman.
Housing Wire
DECEMBER 5, 2023
California-based Pennymac Financial Services ’s broker division, Pennymac TPO , launched a home equity loan product as tappable home equity nears its 2022 peak. “Pennymac’s broker partners can now offer their clients a home equity loan as a second lien solution to access more cash, while still preserving the low interest rate of their first mortgage,” the company said.
The Appraiser Coach
DECEMBER 5, 2023
Sometimes people don’t make sense. They make decisions or judgements that we don’t understand. They seem completely illogical to us. We forget that people make decisions based on feelings, then use logic to justify them. No matter what we think, people are not the creatures of logic and reason we like to think we are. I remember an interaction I had one day with a homeowner.
Housing Wire
DECEMBER 5, 2023
Industry veteran Adam O’Daniel is transitioning to Guild Mortgage as senior vice president and chief marketing officer, a newly created role, after about two years at Open Mortgage , the company announced on Tuesday. “We’re going to expand Guild’s brand presence nationally, deliver best-in-class marketing tools, technology and support for our sales teams, and infuse a culture of creativity and collaboration across the brand,” O’Daniel said in a statement.
Inman
DECEMBER 5, 2023
A three-judge panel for the Washington, D.C., circuit seemed inclined to let the agency resume its probe into the National Association of Realtors' cooperative compensation and pocket listing rules.
Housing Wire
DECEMBER 5, 2023
Housing Forward , the leading organization fighting homelessness in Dallas, appointed Sarah Kahn as interim president and chief executive officer, the nonprofit announced on Tuesday. Kahn starts her new role on Dec. 21. Her appointment comes on the heels of former president and CEO Joli Angel Robinson’s departure. Robinson accepted the role of chief executive officer of the Center on Halsted of Chicago, after serving Housing Forward for more than two years.
Inman
DECEMBER 5, 2023
Falling home prices and mortgage rates are on tap for buyers and sellers — not to mention a presidential election that could hinge on housing issues, according to Redfin's outlook for 2024.
Eyes on Housing
DECEMBER 5, 2023
The bond market appears to be responding to cooling macroeconomic data, including labor market reporting, as long-term rates fall back. Among the risk factors that previously led to higher interest rates (more debt issuance, higher-for-longer monetary policy expectations, long-term fiscal deficit conditions, and strong current GDP growth data for the third quarter) was an ongoing, elevated count of open jobs.
Inman
DECEMBER 5, 2023
Better is the first lender to take advantage of the opportunity to generate prequalification letters for homebuyers through integration with Lone Wolf's transaction management solution, Transactions.
Lamacchia Realty
DECEMBER 5, 2023
Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for November 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! November 2023 Winners of the Top 10 for the Company are: Eileen Doherty grew up in Woburn and resides in the area to this day.
Inman
DECEMBER 5, 2023
The firm's current COO will adopt the role of Coldwell Banker Warburg regional vice president starting in January, as current president Frederick Warburg Peters steps into a new role as president emeritus.
BiggerPockets
DECEMBER 5, 2023
“Negative” cash flow can help you reach financial freedom up to FIVE TIMES faster, so why are most investors ignoring low-to-no cash flow deals?
Inman
DECEMBER 5, 2023
The new offices bring The Agency's total office launch count in 2023 up to 26. The brokerage recently marked another milestone by launching its 100th office in Portland.
Birmingham Appraisal
DECEMBER 5, 2023
Can A Pre-Listing Appraisal Help Sell An Expired Listing? In the dynamic world of real estate, one of the most challenging situations you may encounter is dealing with an expired listing that just won’t sell. Despite your best efforts, sometimes a property lingers on the market, leaving both you and your client frustrated. In such situations, a strategic move to consider is obtaining a pre-listing appraisal.
Inman
DECEMBER 5, 2023
Ryan Barone, CEO of RentRedi, discusses the ways that landlords are embracing innovative property management solutions and driving development in the proptech sector.
Will Springer Realtor
DECEMBER 5, 2023
A significant change is coming to the residential real estate scene in Washington. Our state is at the forefront of improving a document that each buyer and seller receives near the start of the purchase and sale process, and for the first time, our industry will be required to have a contract with buyers. These two changes aim to improve transparency and clarify the commission structure before moving forward with searching for and making offers on a home.
Inman
DECEMBER 5, 2023
The lightweight, AI-backed CRM Cloze will now connect directly with RealScout, a relationship-first lead cultivation and marketing solution, recognized for its flexibility and value as a contact engagement catalyst.
Mortgagebroker News
DECEMBER 5, 2023
The 2023 Mortgage Global 100 recognizes the leaders and innovators from around the globe who are lifting the industry to new heights
Inman
DECEMBER 5, 2023
The acquisition continued the sale-leaseback company's quest to provide ways for homeowners to tap their equity without losing their homes.
BiggerPockets
DECEMBER 5, 2023
With 2024 right around the corner, it’s time for a final year-end tax planning push!
Inman
DECEMBER 5, 2023
Fee increases the flat-fee brokerage implemented for 2023 haven't stopped Fathom from growing, with Sept. 30 agent count up 13 percent from a year ago, to 11,333.
Mortgagebroker News
DECEMBER 5, 2023
The average savings rate in Q3 was more than double the pace seen between 2015 and 2019
Inman
DECEMBER 5, 2023
Investing in real estate provides an opportunity to become a millionaire. But you first need to wade through the fact and fiction to get started.
Mortgagebroker News
DECEMBER 5, 2023
Past challenging markets can serve as a guide, suggests prominent industry VP
Inman
DECEMBER 5, 2023
Suzanne Bouhia will shape NAR's communication strategy as the organization deals with lawsuits, scandal and a harrowing year in real estate.
Mashvisor
DECEMBER 5, 2023
Whether you rent out your home occasionally or run a full-time Airbnb business, you need to protect your property and yourself from a wide range of risks associated with hosting.
Inman
DECEMBER 5, 2023
ReAlpha, buoyed largely by the ongoing proliferation of AI in proptech, has acquired a 25-person AI development firm, Naamche, in a cash and equity deal.
Mortgagebroker News
DECEMBER 5, 2023
Company president gives good chance of rate cuts next year
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