Wed.May 31, 2023

article thumbnail

CFPB orders OneMain Financial to pay $20M over sales practices

Housing Wire

The Consumer Financial Protection Bureau (CFPB) on Wednesday announced that it has ordered mortgage lender and servicer OneMain Financial to pay $20 million in redress and penalties stemming from sales practices the Bureau has called “deceptive.” Among the allegations, the CFPB alleged that the lender “pushed employees to hit sales targets and illegally withheld refunds.

Training 383
article thumbnail

Where are home prices heading? Economists are split

Real Estate News

With so many factors pushing and pulling on the economy right now, there is little consensus on whether prices will rise or fall in the coming year.

271
271
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

DataDigest: Where renters can actually afford to buy

Housing Wire

With mortgage rates currently at 7.04%, many first-time homebuyers – typically millennials – will be forced to continue to rent. But the U.S. housing market is not a monolith, so today we’re going to look at some markets where affordability is within the normal renter’s reach. In a study published this week, First American economist Ksenia Potapov analyzed the share of homes that are affordable to the median renter in any given market.

Insurance 379
article thumbnail

3 things to know about the class action commissions lawsuit

Real Estate News

As the Moehrl vs. NAR, et al., lawsuit moves forward, these key details can help real estate pros understand the basics.

article thumbnail

Alec Hanson named top marketer at loanDepot

Housing Wire

California-based lender loanDepot has promoted Alec Hanson , the company’s senior vice president of production for the West division, to the role of chief marketing officer. In this role, Hanson will lead a consolidated marketing team and oversee the development of the brand, digital marketing, and the organic and digital lead generation campaigns, the company said.

Marketing 368
article thumbnail

Mortgage activity at a 2-decade low

Real Estate News

A report from ATTOM found that elevated interest rates put a freeze on residential mortgages, refis and HELOCs in the first quarter of 2023.

Mortgage 224

More Trending

article thumbnail

How to set goals, and 6 ways to achieve them

Real Estate News

Coaches and top agents share their tips for goal-setting success, starting with figuring out what you want, then taking small steps to get there.

Agents 195
article thumbnail

Despite Headwinds, Job Openings Rise

Eyes on Housing

The count of open, unfilled jobs for the overall economy moved higher in April, rising to 10.1 million and complicating the June Federal Reserve decision. The higher job opening count for April increases the chance of another rate hike despite some speculation that May was the end of tightening. The count of open jobs was 11.8 million a year ago.

Marketing 183
article thumbnail

Redfin CEO, others deflate Elon Musk’s housing ‘meltdown’ theory

Inman

The Tesla CEO just predicted a coming collapse in the housing market, but Redfin CEO Glenn Kelman and other experts say the conditions that would lead to a meltdown just aren't there.

article thumbnail

[Webinar] GoFormz Office Hours: Discover the Latest Updates (June 2023)

GoForrmz

Join the live GoFormz Office Hours webinar covering the latest GoFormz updates and up-and-coming new features. Live on June 14th, 2023, at 11:00 AM PDT / 2:00 PM EDT, the GoFormz team is happy to share with you all the latest updates to the GoFormz platform. Hosted by Kelsey Griswold, VP of Product at GoFormz, and GoFormz Marketing Manager, Victoria Horn, you’ll get in-depth feature walkthroughs, a sneak peek at the newest features coming soon, and a chance to ask any GoFormz questions directly

article thumbnail

State Farm exits California homeowners’ insurance market

Inman

Inflation, construction costs and intensifying wildfire seasons pushed State Farm to stop taking new homeowners' insurance applications in California, the insurance giant announced Friday.

Insurance 148
article thumbnail

Economist shares forecast on webinar

Valuation Review

October Research’s Economic Forecast webinar series highlighted.

78
article thumbnail

Side restructures, wants staffers based in the markets they serve

Inman

The company, which supports real estate professionals who want their own brand, plans to have its staff members work in the markets where its partners are based.

Marketing 155
article thumbnail

How to Invest in Medium-Term Rentals

BiggerPockets

Medium-term rentals can be more profitable than long-term rentals and less stressful than their short-term counterparts.

article thumbnail

Katzen Team repping Upper West Side townhouse conversion

Inman

The leading team at Douglas Elliman has launched sales at the recently renovated Renaissance-Revival building, which includes 10 one- to three-bedroom units, Inman has exclusively learned. One of the penthouses is already under contract.

article thumbnail

Atlanta Real Estate Market: Prices & Trends In 2023

BiggerPockets

Are things "peachy" in Atlanta? Read the article to find out if you should invest here.

article thumbnail

‘Big Short’ investor warns of growing threat to home values

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.

article thumbnail

A conversation with Reggora’s Brian Zitin

Valuation Review

A conversation with technology company Reggora.

article thumbnail

Catapult agent productivity to new heights with these key strategies

Inman

Learn the strategies of agent productivity from a panel of top-performers as they discuss recruiting, training and empowering agents to conquer sales goals in a shifting market.

Agents 145
article thumbnail

CMHC announces Q1 2023 results

Mortgagebroker News

A more volatile housing market has made itself felt in the Crown corporation's latest results

article thumbnail

A squad of economists is waging a stealth war on America’s ‘30% rule’

Inman

The Brooke Amendment — a law otherwise known as "the 30 percent rule" that has shaped U.S. housing policy since the 1960s — is in the crosshairs as spending on real estate soars to record heights.

Law 146
article thumbnail

Former HUD official sentenced

Valuation Review

Former U.S. Department of Housing and Urban Development official sentenced.

article thumbnail

When it comes to Instagram, how personal is too personal?

Inman

Start infusing your personality and perspective into your social media content to connect with your audience and increase engagement, writes social media expert Maris Callahan Messervey.

Agents 144
article thumbnail

Rent reporting platform Boom raises $4.5M in seed round 

Housing Wire

Austin-based rent reporting fintech Boom announced on Wednesday that it has raised $4.5 million in a seed round to improve user experience, expand its product offerings and market its app to customers. The seed round was led by Chicago-based venture capital fund Starting Line , followed by Clocktower Technology Ventures , Company Ventures , Gilgamesh Ventures , and Plaid co-founders William Hockey and Zachary Perret.

Landlords 381
article thumbnail

KW Cares is 20! Its CEO reveals how leaders can mobilize agents to give

Inman

Alexia Rodriguez, CEO of KW Cares, Keller Williams' philanthropic arm, reflects on the nonprofit's 20th anniversary and why companies with employee hardship funds enjoy higher retention rates.

Agents 142
article thumbnail

Replacing His Income with $70K/Year Cash Flow After a Close Call with Death

BiggerPockets

Financial freedom isn’t important until your life flashes before your eyes.

article thumbnail

‘Inflation is still running too high’: Homebuyers stunned by rate surge

Inman

Requests for purchase loans were down last week by 31 percent from a year ago as rates rose to new 2023 highs and homes remained scarce in many markets, according to the MBA's Weekly Mortgage Applications Survey.

Mortgage 141
article thumbnail

Freddie Mac: Mortgage rates down slightly

Valuation Review

Freddie Mac releases Primary Mortgage Market Survey (PMMS).

article thumbnail

Co-founder of UK’s LendInvest launches new US venture

Inman

Christian Faes' Los Angeles-based Faes & Co. will back tech-enabled direct lenders that cater to U.S. residential real estate investors including F2 Finance.

article thumbnail

What sets Neighbourhood Holdings apart in its approach to liquidity?

Mortgagebroker News

Company executive tells CMP how it gives agents, brokers and their clients peace of mind in the current market

Clients 55
article thumbnail

Where’s the line between personal and professional on social media?

Inman

There are so many different social media vibes, we wanted to know: Where's the line between personal and professional on social media?

Investing 147
article thumbnail

Pineapple Financial announces expansion to Western Canada

Mortgagebroker News

Fintech aims to continue establishing itself as an indispensable market player

article thumbnail

How AAPI migration drives local real estate markets

Inman

The AAPI community is driving the local housing market in Washington, D.C., based on factors like cost and educational opportunity.

article thumbnail

Using CHIP Open for bridge financing

Mortgagebroker News

What do you do when your dream home is available but you need time before selling your old home?

Finance 55