Housing Wire

MAY 10, 2024

New York -based assumable mortgage platform Roam rolled out a new partnership with national lender Spring EQ to provide second-lien loans to Roam customers, the company announced on Thursday. The new service, Roam Boost, will cater to people with credit scores of at least 640 and down payments of at least 15%. Consider, for example, a home that costs $400,000, with an assumable mortgage amount of $280,000.

Mortgage 421

Mortgage Buyers Lending Investors 421

Appraisal Buzz

MAY 10, 2024

Xactus , offering verifications solutions for the mortgage industry, recently announced that several of its verification services are now available via Dark Matter Technologies ‘ Empower loan origination software. Lenders utilizing Dark Matter’s LOS can obtain access to Xactus’ Employment VerificationX, Social Security VerificationX and Credit ReportX.

Modernization 195

Modernization Lending Clients Technology 195

Housing Wire

MAY 10, 2024

Florida Gov. Ron DeSantis (R) signed a bill into law this week that changes certain requirements for the state’s reverse mortgage borrowers, a move that the National Reverse Mortgage Lenders Association (NRMLA) says could save money on closing costs. The new law, House Bill (HB) 7073 , changes the way the state’s “documentary stamp tax” can be applied to reverse mortgages, among other provisions related to taxation.

Law 410

Law Mortgage Real Property 410

Appraisal Buzz

MAY 10, 2024

The share of residential properties that are considered “equity rich” decreased to 45.8% in the first quarter, down from 46.1% in the fourth quarter and down from 47.2% in the first quarter of 2023, hitting the lowest point in two years, according to ATTOM’s U.S. Home Equity & Underwater Report. By “equity-rich” ATTOM means that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values.

Market Value 195

Market Value Renovations Finance Development 195

Housing Wire

MAY 10, 2024

The Real Brokerage welcomes Texas -based independent brokerage The Property Shop , led by Season Ware, the company announced on Friday. The Property Shop joined Real under its Private Label program, which allows independent brokerages to maintain their own brand while reaping the benefits associated with being a part of Real. The acquisition brings 125 additional agents to Real.

Brokerage 397

Brokerage Training Agents Real Estate 397

Appraisal Buzz

MAY 10, 2024

Mortgage Capital Trading (MCT) has introduced Base Rate Generator, a new solution that allows mortgage lenders to directly inform their front-end rate sheet pricing with their back-end capital markets executions. By combining live agency API connections, co-issue executions, aggregator pricing, and custom TBA indications, the MCT Base Rate Generator allows mortgage lenders to improve margin management and competitive performance.

Loan Officers 195

Loan Officers Investors Clients Development 195

Appraisal Buzz

MAY 10, 2024

Home prices increased 1.2% in March compared with February and were up 5.3% compared with March 2023, according to CoreLogic’s home price index report. “Home prices increased again this March beyond the typical seasonal uptick, despite mortgage rates reaching this year’s high and the affordability crunch continuing to keep many prospective buyers on the sidelines,” says Selma Hepp, chief economist for CoreLogic, in a statement.

Inventory 195

Inventory Insurance Buyers Appraisal 195

Housing Wire

MAY 10, 2024

eXp Realty launched a new coaching platform, eXp Elevate Coaching, the company announced on Thursday. The platform is an extension of eXp’s University and Mentor programs and aims to help agents grow their business. eXp’s University and Mentor programs offer agents a string of educational programs, including one-on-one coaching, mastermind groups and group coaching sessions.

Realty 397

Realty Agents Real Estate Design 397

Appraisal Buzz

MAY 10, 2024

SMART ASSIGN: THE RSDS TECHNOLOGY ADVANTAGE RSDS Appraisal Diversity believes that everything they can measure, track and review also gets improved. This is a tall order for a company that staffs more than 200 appraisers across the United States. That’s why Chief Technology officer Dan Wieschhaus specifically designed RSDS’ proprietary technology with the company’s growth and operations in mind, explaining, “When you scale things to this level, and you have people distributed all over the coun

Technology 195

Technology Appraisal Clients Design 195

Housing Wire

MAY 10, 2024

Sam Valverde, formerly the principal executive vice president of government-owned corporation Ginnie Mae , was named as its acting president as of May 6, according to an announcement issued by the organization this week. Sam Valverde Valverde succeeds Alanna McCargo, who began serving as Ginnie Mae president in January 2022 until announcing her resignation in April.

Government 396

Government Law Finance Mortgage 396

Real Estate News

MAY 10, 2024

Watch the conversation as Bright MLS chief economist Lisa Sturtevant gets into the data-driven truth behind whether agents seek homes with higher commissions.

Agents 224

Agents 224

Housing Wire

MAY 10, 2024

The Consumer Financial Protection Bureau (CFPB) and Freedom Mortgage were handed minor setbacks by the presiding and magistrate judges, respectively, in a case that the regulator brought in widespread violations in its 2020 submission of Home Mortgage Disclosure Act (HMDA) data. The development was first reported by National Mortgage News. The original case was filed in the U.S.

Mortgage 384

Mortgage Law Clients Development 384

Real Estate News

MAY 10, 2024

The company said despite the hit to its bottom line in Q1, the settlement will reduce uncertainties and let it focus on cost reduction and market expansion.

Marketing 208

Marketing 208

Housing Wire

MAY 10, 2024

The National Association of Realtors’ (NAR) board of directors voted to leave member dues unchanged in 2025. The vote occurred Thursday during the final day of NAR’s midyear conference, the Realtors Legislative Meetings, according to Inman , which first reported the story. During the meeting, NAR’s board approved a recommendation from its finance committee to keep annual dues at $156 per person in 2025.

Realtors 384

Realtors Finance Agents Legal 384

Inman

MAY 10, 2024

The business of selling real estate is evolving at an ever-escalating pace. If you can identify some of the emerging trends and begin to act on those trends, Jimmy Burgess writes, you'll separate yourself from your competition like never before.

Business 168

Business Agents Real Estate Brokerage 168

Housing Wire

MAY 10, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $300 million unrated securitization of residential transition loans (RTLs), the company announced on Friday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions. This securitization marked Kiavi’s 17th such transaction and elevated the company’s total issuance to more than $4.3 billion since it launched its securitization program in 201

Investing 383

Investing Investors Real Estate Construction 383

Inman

MAY 10, 2024

Celebrate excellence in luxury real estate with Inman’s highest honor. Nominations close on May 17, and winners will be celebrated at this summer's Inman Luxury Connect in Las Vegas.

Real Estate 164

Real Estate 164

Housing Wire

MAY 10, 2024

Holding company Better Home & Finance hired Chad Smith to be the president and chief operating officer of its mortgage business, it announced on Friday. Kevin Ryan, who previously held the position of president, will continue serving the company as chief financial officer. Before joining Better, industry veteran Smith was the CEO of Mission Loans from December 2020 to May 2024.

Loan Officers 382

Loan Officers Law Finance Mortgage 382

Inman

MAY 10, 2024

During the process of preparing for his first Ironman, ERA President Alex Vidal learned that, whether it's a personal or professional goal, aiming high and executing on a detailed plan of attack can help you achieve it.

Brokerage 163

Brokerage Agents 163

Housing Wire

MAY 10, 2024

The so-called portal wars heated up this week, when Realtor.com CEO Damian Eales made comments about rival CoStar Group’s Homes.com during the MLS Forum at the National Association of Realtors ’ annual legislative meeting. In his remarks, Eales took issue with CoStar’s claims that Homes.com has surpassed Realtor.com as the second most-trafficked home search site, according to Inman , which first reported on Eales’ remarks.

Advertising 367

Advertising Investors Real Estate Realtors 367

Inman

MAY 10, 2024

EXp Realty's new coaching platform, eXp Elevate Coaching, features live and on-demand courses from the brokerage's top agents. The first round of classes starts in June.

Realty 159

Realty Brokerage Agents 159

Eyes on Housing

MAY 10, 2024

High interest rates and construction costs are the most serious impediments for new multifamily development according to the Q1 2024 NAHB Multifamily Market Survey (MMS).

Development 147

Development Construction Marketing 147

Inman

MAY 10, 2024

The monthly index, for which the luxury firm began gathering data in March 2023, is based on roughly 250 responses collected each month from the firm's real estate professionals across the U.S., Canada, Caribbean and Mexico.

Real Estate 153

Real Estate Brokerage Marketing 153

Eyes on Housing

MAY 10, 2024

During the first quarter of 2024, credit for residential Land Acquisition, Development & Construction (AD&C) tightened slightly and remained costly, according to NAHB’s survey on AD&C Financing. The net easing index derived from the survey posted a reading of -22.0 (the negative number indicating that credit availability tightened in the first quarter compared to the.

Construction 78

Construction Finance Development Lending 78

Inman

MAY 10, 2024

Proptech journalist Craig Rowe reviews MoxiPresent by MoxiWorks, a CMA builder and presentation marketing solution for the real estate industry.

Real Estate 168

Real Estate Marketing Open Houses Technology 168

Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. Appraisersblogs with Dave Towne’s opinions plus many appraiser comments.

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Inman

MAY 10, 2024

Keller Williams hosted its latest RED Day, which challenges its 176,000 agents to give back to their communities. This year's day yielded "thousands" of projects.

Agents 152

Agents Brokerage 152

BiggerPockets

MAY 10, 2024

The Sunshine State offers the exact combination of factors that make this investment option attractive. Learn if rent-to-own investing is right for you.

Investing 81

Investing Marketing Housing Market 81

Inman

MAY 10, 2024

According to NAHB, multifamily developers are feeling less confident in the market for new builds as high interest rates lead to difficult lending conditions.

Development 153

Development Lending Marketing Investing 153

Mashvisor

MAY 10, 2024

Imagine checking in on your property to find that your couch has been ripped, your walls vandalized with graffiti, and your prized antique vase shattered on the floor.

Insurance 73

Insurance 73

Inman

MAY 10, 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.

Brokerage 159

Brokerage Agents 159

BiggerPockets

MAY 10, 2024

Real estate investing with your significant other can be challenging if you don't agree on strategy or goals. Follow these 7 steps to get aligned.

Real Estate 78

Real Estate Investing Development 78

Inman

MAY 10, 2024

With $3 million in new funding, Roam wants to help buyers "wind back the clock" on mortgage rates in markets nationwide by the end of the year.

Mortgage 153

Mortgage Buyers Marketing Tools 153

Eppraisal

MAY 10, 2024

Redesigning your new house’s yard is an effective way to make it feel more like your own. Use these five landscape planning tips to start your yard project on the right note. Know the Basic Principles Familiarize yourself with the six key principles behind every desirable landscape layout:  Transition: Help eyeballs gradually adjust to the change of scenery when moving from your house to your yard with apt transitional elements.

Design 67

Design Decorating Home Value Tools 67