Housing Wire
JANUARY 8, 2024
Top-15 U.S. mortgage lender loanDepot confirmed Monday morning that it is the industry’s latest cyberattack victim. The incident has brought loanDepot’s systems down. The California-based lender, which originated roughly $17 billion in mortgage loans from January to September 2023, said it has launched an investigation with the support of cybersecurity experts.
Real Estate News
JANUARY 8, 2024
Kasper had been in the role for just over four months following the resignation of former president Kenny Parcell. Kevin Sears is taking over as president.
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Housing Wire
JANUARY 8, 2024
National Association of Realtors President Tracy Kasper has resigned following a threat made against her, the trade group said Monday. “Kasper informed NAR’s Leadership Team that she recently received a threat to disclose a past personal, non-financial matter unless she compromised her position at NAR,” NAR said in a written statement. “She refused to do so and instead reported the threat to law enforcement.
Real Estate News
JANUARY 8, 2024
The two firms — the only major brokerage companies yet to settle in the commissions cases — are on track to finalize their agreements this May.
Housing Wire
JANUARY 8, 2024
The mortgage market should improve in 2024 due to a combination of competitive pressures easing and mortgage demand picking up from historical lows last year, according to a note from Piper Sandler , a leading investment bank. But don’t expect profitability to be significant compared to long-term historical averages as home prices still remain high.
Real Estate News
JANUARY 8, 2024
The public release of ChatGPT just over a year ago put a powerful AI tool in the hands of everyday users. Where will it go from here?
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
JANUARY 8, 2024
The National Association of Realtors' leader said she recently received a "threat to disclose a past personal, non-financial matter unless she compromised her position at NAR.
Housing Wire
JANUARY 8, 2024
ICE Mortgage Technology — part of Intercontinental Exchange (ICE) – will be offering lenders access to investment advisory advice in its Encompass loan origination system (LOS) through a partnership with Halcyon , a tech firm specializing in advanced data integration. “In the current market where the refi boom has dried up and interest rates are sky high, most home purchases are being driven by life events that come with other financial considerations.
Inman
JANUARY 8, 2024
Mortgage lender says an unauthorized party accessed its systems and encrypted some of its data, a tactic employed by ransomware groups to target more than 1,000 companies and organizations.
Housing Wire
JANUARY 8, 2024
Boutique luxury brokerage Tate Property Group has joined Coldwell Banker , the company announced last week. The Austin , Texas-based brokerage was founded in 2008 by Pat Tate, who will be jumping to Coldwell Banker with her son, Drew Tate, and three other agents. The group will relocate to the Coldwell Banker’s Westlake office. In a statement about the move, Drew Tate expressed a keen interest in the marketing and technology tools available at the family’s new home.
Inman
JANUARY 8, 2024
As agents continue to reevaluate their brokerage affiliations heading into the new year, Seattle-based Sandra Hines, Blake Waggoner and Dave Janssens have all left Realogics Sotheby's International Realty for The Agency.
Housing Wire
JANUARY 8, 2024
Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. Change Chief Production Officer Jon Irvine describes how the company plans to navigate the next five years amid higher interest rates , a growing affordability crisis and other macro-economic headwinds.
Eyes on Housing
JANUARY 8, 2024
The year-over-year (YOY) growth rate for residential building worker wages decelerated to 0.6% in June 2023. Over the past five months, wage growth accelerated moderately and reached 4.0% in November. Overall, average hourly earnings for residential building workers* increased at a relatively slower pace in the past year, compared to the peak rate of 8% in October 2021.
Housing Wire
JANUARY 8, 2024
The presiding judge in the ongoing bankruptcy case of Reverse Mortgage Funding (RMF) has approved a stipulation that would resolve an administrative claim made against the company’s estate by reverse mortgage servicing company Celink , authorizing both companies to consummate the agreement. The new agreement The agreement, stemming from a proof of claim filed against RMF by Celink in May 2023, originally sought $361,726 from the lender based on a subservicing agreement entered between both compa
Inman
JANUARY 8, 2024
If a slow year or industry changes have you feeling out of sorts, write Melanie Klein and Emily Bossert, the problem may be imposter syndrome. Find out how to fight it and get your joy back.
Housing Wire
JANUARY 8, 2024
A bevy of copycat commission lawsuit plaintiffs are looking to consolidate their nine suits in Missouri under Judge Stephen Bough, who over saw the Sitzer/Burnett commission lawsuit trial in October 2023. In a filing dated Dec. 27, 2023, the plaintiffs in the Gibson and Umpa suits, the oldest and the newest of the copycat suits, which were both filed in Missouri, ask the court if their suits, along with seven other copycat commission lawsuits can consolidate.
Inman
JANUARY 8, 2024
Gravy, an application built to support renters in their homebuying process, has been acquired by Clever Real Estate, a company that specializes in educating consumers about agent choice and the overall transaction process.
Housing Wire
JANUARY 8, 2024
Monday was the final date for parties to file post-trial motions in the Sitzer/Burnett commission lawsuit and litigants took it down to the wire to file their motions. The parties had since Oct. 31, 2023, when a Missouri jury found the National Association of Realtors , HomeServices of America , and Keller Williams liable for colluding to artificially inflate real estate agent commissions, to prepare and file these motions.
Inman
JANUARY 8, 2024
Does the rapid slowdown in the economy mean a recession is now inevitable in the new year, or is a "soft landing" still possible? Economists are divided on the nation's economic outlook for 2024.
Appraiserblogs
JANUARY 8, 2024
Goliath’s strength is in his messaging. It is appraisers who are destroying the message. The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Appraisers are responding to new GSE and lending dictates with reactions based on our own personal well-being. Not enough people speak up or stand up to change the trajectory of the narrative.
Inman
JANUARY 8, 2024
Pioneering excellence: Beau Blankenship of Engel & Völkers 30A Beaches and Corey Hasting of Engel & Völkers First Coast renew franchise commitment.
GoForrmz
JANUARY 8, 2024
“ We now operate 100% electronically! ” — Jourdan Smith, Office Manager, Southern Backflow Services About Southern Backflow Services Based in South Mississippi, Southern Backflow Services provides backflow prevention coverage from East Texas to Louisiana, Mississippi, Alabama, and Tennessee. The company plays a vital role in safeguarding city water supplies by preventing the backflow of water (and resulting contamination) from stores or buildings into the municipal water system.
Inman
JANUARY 8, 2024
Stijn Van Nieuwerburgh, whose 2022 paper inspired debate about the future of big cities, says things now seem to be looking up for New York City.
BiggerPockets
JANUARY 8, 2024
After a tough 2023, things aren't looking any better for this market. Here's what you need to know.
Inman
JANUARY 8, 2024
Studies show that real estate agents are drinking too much. Here are some tips from Rachel Hite to help you reduce or abstain from drinking in 2024.
BiggerPockets
JANUARY 8, 2024
Being a passive investor sounds great until its ugly side creeps up on you. Here's your number one risk.
Inman
JANUARY 8, 2024
Find out team leader Leo Robles' best advice, including the game-changing words of wisdom he passes along from his real estate mentors.
BiggerPockets
JANUARY 8, 2024
Can’t fund your next rental property? Never let a little money get in the way of a great deal!
Mortgagebroker News
JANUARY 8, 2024
Consumer insolvencies accounted for much of the increase, according to the Office of the Superintendent of Bankruptcy (OSB)
BiggerPockets
JANUARY 8, 2024
You probably already know who Humphrey Yang is, and even if you don’t, there’s a good chance you’ve seen one of his YouTube, TikTok, or Instagram videos.
Mortgagebroker News
JANUARY 8, 2024
Canadian employment appears to be mirroring the moderating economy, official figures suggest
Housing Wire
JANUARY 8, 2024
Based on the trends we can see after the start of the year, I’ll project 2024 will see about 15% home sales growth over 2023. Home prices will be up this year by a few percentage points, also. These are very clear trends as we start the new year. 2022 started insanely strong and weakened rapidly in the second quarter. 2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%.
Mortgagebroker News
JANUARY 8, 2024
One company president shares some very personal experiences
Housing Wire
JANUARY 8, 2024
Recently, new technologies have reduced costs associated with purchasing a home and provided more opportunities for first-time homebuyers to enter the market. To continue fostering innovation across the industry and better serve these homebuyers, regulators must take aim at one of the largest impediments to innovation: monopolies. The formation of a monopoly in the mortgage industry would slow the introduction of new solutions that would improve access to credit and customer experience.
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