Housing Wire

JANUARY 9, 2024

Among the numerous issues that retirement preparation can present to those near the end of their careers, long-term care (LTC) provides an increasingly common discussion point. One potential product that could assist in paying for LTC and its insurance could be a reverse mortgage, according to personal finance publication Kiplinger. LTC is already an expensive prospect and is projected to become a more common necessity as the U.S. population grows older in the coming years.

Mortgage 512

Mortgage Insurance Finance Clients 512

Real Estate News

JANUARY 9, 2024

Anywhere’s Ryan Schneider has been named the most powerful person in this year’s rankings of residential real estate’s movers and shakers.

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Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. A recent survey by Villa noted that some ~60% of rental tenants said that living in an ADU has allowed them to live in a neighborhood they would not otherwise be able to afford — that’s a big deal.

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Finance Construction Tenants Renovations 485

Real Estate News

JANUARY 9, 2024

The defendants seek to overturn the nearly $1.8 billion verdict, arguing in motions filed Jan. 8 that the evidence doesn’t meet the bar for antitrust damages.

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Housing Wire

JANUARY 9, 2024

The wave of commission lawsuits have arrived in Arizona. In a copycat suit filed last Friday in U.S. District Court in Arizona, Joseph Masiello, an Arizona resident and home seller, accuses several real estate companies of colluding to artificially inflate real estate agent commissions. Masiello sold a home on an Arizona MLS through HomeSmart “in or about October 2021.

Realty 466

Realty Realtors Real Estate Real Estate Agent 466

The Appraiser Coach

JANUARY 9, 2024

When I first started coaching, I was told by many people that I should write a book. I was on fire with the good news that you didn’t have to be frustrated with your job, working long hours and getting nowhere. I had a model that I had found to be successful for me, and I was ready to share it with the world. It didn’t take me long to learn, however, that not everyone runs their business the same way.

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Business Appraisal Inspection Advertising 195

Real Estate News

JANUARY 9, 2024

According to the latest CoreLogic report, the Midwest and South saw the highest home price growth, and a handful of states posted double-digit gains.

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Housing Wire

JANUARY 9, 2024

Ohio-based mortgage lender CrossCountry Mortgage has adopted the updated credit scoring model FICO Score 10 T to support origination of non-conforming loans and issue mortgage-backed securities (MBS), the company announced on Tuesday. The lender’s move follows Movement Mortgage’s decision in early October to become an “early adopter” of the updated credit scoring model that FICO released about four years ago.

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Investors Mortgage Finance Government 441

Inman

JANUARY 9, 2024

A record number of consumers surveyed by Fannie Mae expect mortgage rates to keep falling, a "significant shift" in expectations that could free homeowners from the so-called "lock-in effect.

Mortgage 184

Mortgage Housing Market Marketing 184

Housing Wire

JANUARY 9, 2024

The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced that it is making $40.25 million available to support housing counseling services for homeowners, homebuyers and renters. Such funding will also directly support the work of housing counseling offering required Home Equity Conversion Mortgage (HECM) sessions. The new funding “Through the 2023 Office of Housing Counseling Comprehensive Notice of Funding Opportunity (NOFO), HUD plans to award grants to more than 150 ho

Design 437

Design Mortgage Home Improvement Training 437

Inman

JANUARY 9, 2024

Ahead of Inman Connect New York this month, the NextHome CEO said NAR serves an important function, but needs a major fix to deal with challenges related to leadership and commission suits.

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Realtors 184

Housing Wire

JANUARY 9, 2024

With four commission lawsuits in play, Illinois currently holds the title for the most commission lawsuits in one state. In addition to the long running Moehrl commission lawsuit , as well as the Batton 1 and Batton 2 suits , the Prairie State is now home to the Tuccori suit, filed in early December 2023 by James Tuccori against @properties. The suit was originally filed in the Circuit Court of Cook County Illinois, but it was moved to the U.S.

Property Management 420

Property Management Real Estate Agents Brokerage 420

Eyes on Housing

JANUARY 9, 2024

According to the Federal Reserve’s latest G.19 Consumer Credit report, total consumer credit outstanding totaled $5.00 trillion (seasonally adjusted) for the first time in November—a 5.7% monthly increase (seasonally adjusted annual rate). The increase reflected a 17.7% surge in revolving credit and a more modest 1.5% rise in nonrevolving credit (SAAR).

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Housing Wire

JANUARY 9, 2024

360training.com, Inc. (360), an online regulated training provider, acquired Mortgage Educators and Compliance (MEC), a mortgage lending training company, both companies announced this week. Established in 1997, 360 specializes in comprehensive online training solutions for individuals and businesses across industries – including financial services, real estate, healthcare and environmental health and safety.

Mortgage 420

Mortgage Training Lending Real Estate 420

Inman

JANUARY 9, 2024

The median asking rent fell 0.8 percent year over year during the last month of 2023, according to a new report by Redfin, which attributes the fall to an increase in supply.

Inventory 163

Inventory Marketing 163

Housing Wire

JANUARY 9, 2024

Three top agents from Realogics Sotheby’s International Realty moved to The Agency ’s outpost in Seattle, Seattle Agent Magazine reported on Friday. Sandra Hines and Blake Waggoner from The Hines Group will join as senior broker and broker, respectively, and Dave Janssens will join as managing broker at the California -based brokerage led by Mauricio Umansky.

Realty 418

Realty Brokerage Agents Real Estate 418

Inman

JANUARY 9, 2024

With the addition of new partners serving 713,865 members, myCUmortgage says it's now helping nearly 200 credit unions originate, underwrite and service conventional and government-backed home loans.

Clients 158

Clients Government Technology Mortgage 158

Housing Wire

JANUARY 9, 2024

Mortgage giant Mr. Cooper Group has named Mike Weinbach, a former Wells Fargo and JPMorgan Chase executive, as its new president. He will succeed Chris Marshall, who is retiring at the end of 2024 but will assist with the transition. Weinbach, 50, will be in charge of the company’s operations, which includes originations, servicing and technology, Mr.

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Lending Clients Technology Mortgage 424

Appraisal Partners Blog

JANUARY 9, 2024

Indeed, having a divorce is quite complex and traumatic to handle. During this time, not only do you feel emotional loss, but dealing with assets can be daunting. However, facing such a scenario is not a failure at all. And you are not the only one who goes through this process. Fortunately, there are professionals […] The post Why Should You Hire an Appraiser for Divorce Appraisals?

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Appraisal 148

Housing Wire

JANUARY 9, 2024

Is 2023 a year to forget? That’s what we’re supposed to say after a tough year, right? In the case of the mortgage industry, 2023 was not a pretty one. According to the Thomvest U.S. Housing Report , purchase loans were down 22% and refinance loan volume was down 65%. Home affordability was at its lowest point in decades and the real estate industry was shaken up by massive class action lawsuits.

Real Estate 409

Real Estate Valuation Business Marketing 409

Inman

JANUARY 9, 2024

The acquisition represents AirDNA's first foray into the day-to-day operations of short-term rental properties.

Property Management 175

Property Management Technology 175

Housing Wire

JANUARY 9, 2024

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , hopes to woo brokers with a slew of product enhancements and services. Rocket Pro TPO ‘s executive vice president Mike Fawaz shared major changes and commitments for the broker community at its IGNITE Live event on Monday afternoon. Rocket Pro TPO affirmed that it will continue to provide credit reports at no cost for brokers when closing loans through Rocket recognizing that credit report fees are going to get more expensive this year.

Loan Officers 342

Loan Officers Real Estate Agent Tools Business 342

Inman

JANUARY 9, 2024

Realay is software to help brokerages, teams, and agents send, manage, and monitor referral business across the industry.

Brokerage 156

Brokerage Business Agents Technology 156

Appraiserblogs

JANUARY 9, 2024

Why would any damages against an appraiser be more than the actual fee paid to the appraiser? House Bill 53 has been introduced into the 2024 Virginia General Assembly, directly impacting Virginia Real Estate Appraisers. The legislation introduced by R. Lee Ware places a statute of limitations for damages against appraisers and appraisal management companies at 5 years.

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Appraisal Real Estate Law 114

Lamacchia Realty

JANUARY 9, 2024

Lamacchia Realty is proud to announce the members of the 2023 Top Producer Circle! To qualify, Lamacchia Realty REALTORS® must sell at least 20 homes or $9 million in sales volume in a calendar year to be recognized as a Top Producer. Recipients of this accolade receive recognition through social media and more, along with a night out to Encore Boston with fellow Top Producer Circle members to celebrate their dedication and success!

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Realty Realtors Training Real Estate 74

Eppraisal

JANUARY 9, 2024

As a seasoned homeowner with a rich history of property acquisitions, the art of maintaining a timeless and modern aesthetic in your home may be a familiar journey. Ensuring your property is always market-ready requires a strategic approach to updates, keeping your space fresh, contemporary and increasing your home's value. Here's a short list of essential priorities for homeowners looking to modernize.

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Modernization Design Renovations Buyers 68

BiggerPockets

JANUARY 9, 2024

If you want to build a real estate portfolio or make more money off of your current portfolio, there are three steps you need to follow.

Real Estate 75

Real Estate Investing Marketing 75

Mortgagebroker News

JANUARY 9, 2024

Rate cuts may be on the way – but it's premature to expect an immediate recovery, suggests top economist

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BiggerPockets

JANUARY 9, 2024

If you want to build wealth through real estate, you’ll need a real estate “strategy.

Real Estate 71

Real Estate 71

Mortgagebroker News

JANUARY 9, 2024

Would-be buyers entering the market right now might encounter more budget-friendly options, says Zoocasa

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Buyers Marketing 65

Hank Miller Team

JANUARY 9, 2024

What is the forecast for the Atlanta real estate market in 2024? Contrary to most every regional and national prognosticator, the only legitimate answer is "it depends" It's critical to understand prior markets, look for patterns, and temper that with current economic conditions. The idea that any "housing" or "economic expert" can authoritatively declare where this market is headed over the year is absurd.

Real Estate 40

Real Estate Marketing Contracts Sellers 40

Mortgagebroker News

JANUARY 9, 2024

Exec says technology has significantly elevated consumers' expectations for the mortgage space

Technology 66

Technology Mortgage 66

Will Springer Realtor

JANUARY 9, 2024

As the clock struck midnight on New Year’s Eve, the nation’s attention may not have been completely fixed on a descending Waterford crystal ball in Times Square. Instead, many eyes may have been captivated by something else dropping – interest rates. The Federal Reserve recently updated its forecast, hinting at a potential decrease of about 75 basis points (0.75%) in its short-term lending rate by the year’s end – promising news for borrowers in 2024.

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Mortgage Real Estate Law Lending 36

Mortgagebroker News

JANUARY 9, 2024

Many reported growing concern and regret about their financial situation

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