Housing Wire
MARCH 29, 2024
Anna Frankowska was recognized in 2017 as one of Forbes’ “ 30 Under 30 ” in Europe, having studied economics in London before moving to work in investment banking. A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance.
Appraisal Buzz
MARCH 29, 2024
Mortgage rates decreased slightly this week, with the average rate for a 30-year fixed-rate mortgage falling to 6.79%, down from 6.87% last week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 6.32%. “Mortgage rates moved slightly lower this week, providing a bit more room in the budgets of some prospective homebuyers,” says Sam Khater, chief economist for Freddie Mac, in a statement.
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Housing Wire
MARCH 29, 2024
The real estate industry is facing yet another commission lawsuit , but this time the plaintiff is not seeking class-action status. In a lawsuit filed Thursday in the U.S. District Court for the Southern District of New York , Hao Zhe Wang accused real estate industry players of “agreeing, combining and conspiring to impose, implement and enforce anticompetitive restraints and the cause Plaintiff to pay inflated commissions on the purchase and sale of his homes in violation of federal and state
Real Estate News
MARCH 29, 2024
In the first of a three-part series, RESO CEO Sam DeBord explains what an MLS is — and what it isn't — and how definitions of the MLS can vary.
Housing Wire
MARCH 29, 2024
The Council of Multiple Listing Services is joining Northwest MLS in filing a motion to request that it can file an amicus curiae brief in the Nosalek commission lawsuit. In its motion filed on Wednesday, CMLS said its amicus curiae brief is in repsonse to the Department of Justice’s statement of interest which was filed in early February in relation to the proposed settlement agreement reached by the Nosalek plaintiffs and defendant MLS Property Information Network in July 2023.
Appraisal Buzz
MARCH 29, 2024
Dovenmuehle Mortgage reports that Moody’s Investors Service has affirmed its servicer quality (SQ) assessment as a servicer of prime residential mortgage loans at SQ2-. Dovenmuehle says the assessment underscores its exceptional capabilities across various key areas of mortgage servicing. “This affirmation from Moody’s reaffirms our commitment to excellence in mortgage servicing.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
MARCH 29, 2024
Andy Insua has joined Planet Home Lending as regional sales manager for the Southeast. Insua has a diverse financial services background in consumer finance, commercial banking, and mortgage banking. He previously held roles at AmeriFirst Home Mortgage, where he led the company’s efforts to expand products and distribution to the Hispanic community across the United States.
Housing Wire
MARCH 29, 2024
The U.S. Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register. Two key documents are at the center of the proposed changes.
Real Estate News
MARCH 29, 2024
Despite a less competitive market for buyers, cash remains king — not to win bidding wars, but to avoid inflated financing costs.
Housing Wire
MARCH 29, 2024
Rocket Companies , the parent of Rocket Mortgage , promoted Noah Edwards as the firm’s chief accounting officer. Edwards will replace Brian Brown, who had assumed the CAO position in addition to being the company’s chief financial officer and treasurer. As chief accounting officer, Edwards will receive a base salary of $358,000. He will be eligible for other compensation and benefits provided to similarly situated team members, according to an 8-K filing with the U.S.
Real Estate News
MARCH 29, 2024
In a blog post, CEO Carrie Wheeler said the NAR deal and rule changes would be a boon for the company: “We’ve never been so optimistic about the future.
Housing Wire
MARCH 29, 2024
Courted has grown its roster of customers since its launch in 2021 and is within three months of reaching and sustaining profitability, the company announced on Friday. Co-founded by Sean Soderstrom, Dan Breitbach and Joe Urciuoli, the proptech company sells an AI-powered software platform to help real estate brokerages with their recruiting efforts.
Inman
MARCH 29, 2024
The Council of Multiple Listing Services, a trade group of about 225 MLSs, united with Northwest MLS on Wednesday to pen amicus briefs exposing alleged flaws in the DOJ's statement of interest.
Housing Wire
MARCH 29, 2024
The Consumer Financial Protection Bureau (CFPB) this week released its 2023 Consumer Response Annual Report , offering an overview of consumer complaints in a variety of industries overseen by the bureau. While much of the report suggests “a continued increase in credit or consumer reporting complaints, with more than one million of these complaints being sent to the three nationwide consumer reporting companies,” the mortgage industry demonstrates general reactivity to the feedback, according t
Inman
MARCH 29, 2024
Corcoran told Yahoo! Finance she doesn't believe the effects of the settlement will be as earth-shattering as many make them out to be, but that "the confusion it's causing is amazing.
Eyes on Housing
MARCH 29, 2024
Real gross domestic product (GDP) increased in 49 states and the District of Columbia in 2023 according to the U.S. Bureau of Economic Analysis (BEA). Delaware is the only state to report an economic contraction last year. The percent change in real GDP ranged from a 5.9 percent increase in North Dakota to a 1.2 percent.
Inman
MARCH 29, 2024
After the National Association of Realtor's proposed settlement, Coldwell Banker Realty President and CEO Kamini Lane offers 3 tips for agents amid commission compression chaos.
Appraiserblogs
MARCH 29, 2024
Mullinix has become a student of the “Title VIII Complaint Intake, Investigation, and Conciliation Handbook (8024.1).” The handbook is designed to protect citizens from overzealous federal workers. He found section after section had been violated in his own investigation by the HUD contractor. Czech-German author Franz Kafka wrote “The Trial” in 1915.
Inman
MARCH 29, 2024
The move comes two weeks after the National Association of Realtors signaled a $418M settlement of commission lawsuits. T3 Sixty said it will bring the ranking back when litigation is resolved.
BiggerPockets
MARCH 29, 2024
Earlier this year, a group of scammers in Hong Kong used deepfake technology to steal more than $25 million from a company by impersonating its CFO. Real estate titles are already subject to fraud, and with AI tech, it could get even worse. Here's how to protect yourself.
Inman
MARCH 29, 2024
Follow this step-by-step blueprint from Jimmy Burgess, and your listing appointments will be like Chick-fil-A on a Sunday — closed.
BiggerPockets
MARCH 29, 2024
These college markets might not have skyrocketing price or rent growth, but they certainly have long-term strength. From Tuscaloosa to Austin, long-term investors should look into these 10 housing markets.
Inman
MARCH 29, 2024
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
BiggerPockets
MARCH 29, 2024
Real estate investments are available in many shapes and sizes, including industrial real estate investing. This is not the most common form of real estate investing, but it has a lot of potential when done right, and can be a great opportunity to diversify your investments.
Movoto
MARCH 29, 2024
Whether you’re looking for a new start or circumstances are steering you toward the Midwest, moving to Indiana might be an ideal option for those seeking a change. While many outsiders may perceive Indiana as a less vibrant part of the country, it has plenty of unique traits, charm, and affordable real estate that can make this move ideal for the right individuals or families.
Eppraisal
MARCH 29, 2024
Personalizing your residence after moving in is exciting but can be overwhelming. The urge to upgrade your rooms can be strong. However, big-ticket renovations may overextend you after you just put down a large sum. These five décor swaps make a new house feel more like your own place and improve home value. Paint Fresh Wall Colors Repainting your walls can transform your interior space dramatically without spending a fortune.
Movoto
MARCH 29, 2024
Finding a nice place to live in a great area can feel like winning the lottery, hence why many find themselves asking, “How much should you spend on rent?” Everyone’s circumstances are different, and while cheap is ideal, it isn’t realistic for those who expect to find and maintain a residence in a place they want to live. Here, we’ll discuss several factors to consider when renting a home that should help clarify how much to spend on rent.
Housing Wire
MARCH 29, 2024
Federal Home Loan Bank reform is in the air in Washington D.C. The White House recently endorsed a plan to double FHLBanks’ mandatory contributions to affordable housing programs from 10 to 20% of their net income, following a recommendation by the Federal Housing Finance Agency. And the Coalition for Federal Home Loan Bank Reform , a group that I chair and started as a small group of D.C. insiders, has become a true coalition of nine national organizations representing hundreds of thousands
Movoto
MARCH 29, 2024
Many people buy a home with the plan to eventually (or immediately!) turn the property into a rental for another family. Knowing how to buy rental property proves immensely helpful for those looking to earn a passive income stream. On paper, it sounds easy: buy a home, renovate where necessary, and after screening prospects, place a well-qualified tenant on the property.
Housing Wire
MARCH 29, 2024
It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. But like the temperatures, which are far from the triple-digit figures the residents of the Texas state capital will see in the coming months, local real estate professionals say that even though the market is warming up, it is nowhere near the frenzy at the height of the COVID-19 pandemic.
AmeriMac
MARCH 29, 2024
Reverse mortgages are becoming an increasingly popular financial tool for homeowners over the age of 62 who want to access equity in their homes. One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan. In this blog, we will explore everything you need to know about reverse mortgage appraisals, including the basics of how reverse mortgages work, the eligibility criteria for a re
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