Mon.Feb 03, 2025

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Milwaukee housing authority reportedly ‘misused’ millions in federal funds

Housing Wire

Officials with the Housing Authority of the City of Milwaukee (HACM) are reportedly moving to aggressively cut costs, following a leadership change and audit of its financial situation. The agencys new chief financial officer reportedly identified as much as $2.8 million in misappropriated federal funds that he said were used inappropriately by his predecessors.

Tenants 398
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2025 Office-to-Apartment Conversions Hit Record Highs 

Appraisal Buzz

The number of office-to-apartment (O-to-A) conversions is on the rise, and by 2025, there will be about 71,000 units planned, breaking new records. This increase coincides with fierce competition among tenants and a widespread lack of rental flats. A new RentCafe report revealed the share of future projects, anticipated growth, and which metros are set to lead in O-to-A conversions.

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Financial advisers can be key players for assessing health care costs in retirement

Housing Wire

Financial advisers are professionals uniquely suited to assist their clients with assessing and managing health care costs in retirement. But consumers who have access to a planners services do not appear to be better informed about the associated costs than people who do not use an adviser, according to a new research brief from Boston College s Center for Retirement Research.

Clients 429
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There Goes the Neighborhood.

Appraisal Buzz

I vividly recall April 12, 1981, as if it were yesterday. As a junior in college, I found myself huddled around a small TV with friends, eagerly watching Columbias inaugural flight of the space shuttle program. It was an awe-inspiring display of forward-thinking technologya reusable spacecraft, the next generation of space exploration. Initially, NASA had envisioned the space shuttle program to have a 15-year operational lifespan.

Valuation 388
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Unlock The Blueprint: How To Construct A Better Payment Workflow

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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Navigating movement in the mortgage industry series: Due diligence in mergers and acquisitions

Housing Wire

The current environment of mergers and acquisitions (M&A) is evolving. There is constant movement in the mortgage industry with the desire for growth and expansion. It is easy to become blinded by the end goal of increasing loan volume and quality origination talent. Thus, it has never been more important to focus on due diligence in analyzing a mortgage industry acquisition target.

Mortgage 418

More Trending

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OCMBC president Serene Vernon arrested for murder and DUI

Housing Wire

Authorities in California on Friday arrested a driver who has three prior convictions for her alleged role in the death of an 88-year-old man. A crash involving a Land Rover SUV and a Ford Transit van happened in the Laguna Beach area at about 6:15 p.m. local time on Jan. 31, according to the Orange County Sheriff’s Department (OCSD). The Land Rover driver was identified as 48-year-old Dana Point resident Serene Francie Rosenberg, known as Serene Vernon in her workplace as the president of

Retail 416
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CFPB freezes activity after acting director takes helm

Real Estate News

U.S. Department of Treasury Secretary Scott Bessent puts the brakes on rule-making and enforcement as the Consumer Financial Protection Bureau faces defunding.

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Weak demand is forcing more home sellers to reduce their asking price

Housing Wire

There are some really interesting price trends happening across the country right now. I mentioned last week how weakness in demand had led some of the measures for home price changes to slide into negative territory compared to a year ago. This week, another signal of future sales prices slipped in a bit of a surprising way, another factor showing weakness in homebuyer demand and weakness in price trends.

Sellers 406
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Velocity Conference Presents Solutions for an Evolving Market

Appraisal Buzz

Set for Monday-Tuesday, February 24-25 at The Worthington Renaissance Fort Worth Hotel , the 2025 Velocity, A FORCE Conference , is tailored for professionals in REO and the adjacent markets, including agents and brokers, asset managers, property management, attorneys, and servicers. The name Velocity emerged from the collective efforts and expertise of FORCE members wanting to share knowledge and strategies on building a business that has momentum and power.

Marketing 221
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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U.S. home-price growth softens, but the LA wildfires hinder a broader market recovery

Housing Wire

Last year saw the softest home-price growth in more than 10 years, according to an analysis by ICE Mortgage Technology. Despite that and other positives, the LA wildfires are still making an impact on the housing market at the local and national levels. On Monday, ICE released its February 2025 Mortgage Monitor report , which is based on the company’s public datasets.

Marketing 342
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Buyer agreement questions? NAR lawyer has answers

Real Estate News

How much do you really know about buyer agreements? Get the facts from NARs general counsel, starting with core requirements, touring agreements and more.

Buyers 219
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More homebuyers seek government-backed loans as an affordability lifeline

Housing Wire

The combined cost of mortgages, taxes and insurance now takes up a larger share of household income than it has since the early 1980s, according to an affordability index from John Burns Research & Consulting. The company’s newest National Housing Market Outlook shows that buyers are gravitating toward government-backed loans in their search for affordability.

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Cornerstone Capital Bank Launches Community Lending Division

Appraisal Buzz

Cornerstone Capital Bank , a provider of mortgage origination and servicing solutions and consumer, commercial, and institutional banking services, has launched a Community Lending Division to expand homeownership opportunities for underserved communities across the nation. Based in Arlington, Texas, the new division aims to close racial and economic gaps in homeownership and help families achieve their dream of owning a home.

Lending 195
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Real estate brokerages and the rise of the revenue share model

Housing Wire

Love them or hate them, profit share and revenue share real estate brokerage models appear to be on the rise, highlighted by the rapid ascent of both eXp Realty and The Real Brokerage over the past roughly 15 years. However, Keller Williams is considered by many to be the originator of the profit/revenue share model, launching its profit share model in 1987.

Brokerage 390
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SingleSource Hires Daniel Figurski as Chief Appraiser to Lead Expansion of Valuation Services

Appraisal Buzz

Daniel Figurski has joined SingleSource Property Solutions , a provider of residential property services, as chief appraiser. Figurski began his valuation career in 2012 as a commercial real estate appraiser. He has held positions with various lenders and appraisal management companies including director of quality control at Nationwide Appraisal Network, and chief appraiser at American Advisors Group.

Valuation 195
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EasyKnock’s defamation suit dismissed in Texas

Housing Wire

The hits keep coming for now-defunct residential sale-leaseback platform EasyKnock. After the company failed to have new council file an appearance, the court dismissed EasyKnocks defamation lawsuit against law firm Feldman & Feldman last Monday. Originally filed by EasyKnock in Nov. 2021 in federal court in Houston, the suit accused Feldman & Feldman of defaming EasyKnock in a post the law firm made on its website cautioning consumers to scrutinize the companys transactions with financi

Law 391
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Adjust for Time?

George Dell

We now consider the second time adjustments method noted in the FHFA paper (24-07). It, too, is noted as being commonly used in appraisals. The first method we reviewed was paired sales. Now we look at the second method, called grouped data. This related technique, grouped data analysis, involves grouping data by an independent variable […] The post Adjust for Time?

Appraisal 195
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Here are the 2025 Tech100 Mortgage Honorees

Housing Wire

The Tech100 Mortgage award recognizes the most innovative and impactful organizations driving the mortgage industry forward. More than just an accolade, this award highlights organizations that are transforming the housing sectorenhancing efficiency, transparency, and accessibility in ways that reshape the future of mortgage lending. Now in its 13th year, the Tech100 program serves as a trusted resource for housing professionals, providing a definitive list of the industrys top technology provid

Mortgage 403
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Compass launches ‘Compass One’ client portal and dashboard

Inman

The new portal went live on Monday as debates over Clear Cooperation have come to a peak. It will allow clients access to Compass exclusives, and to track transactions.

Clients 167
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US Mortgage hires Alana Dorbandt as VP, division lending manager

Housing Wire

Nationwide direct mortgage lender US Mortgage Corporation announced the appointment of Alana Dorbandt as its new vice president and division lending manager. In the new role, Dorbandt will lead the company’s expansion into the Southwest Region. Dorbandt was most recently the regional sales leader at Lower for over 15 years and has 24 years of overall experience in the financial services realm.

Lending 324
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LoanStream Mortgage exec arrested after fatal car accident

Inman

President of Irvine, California-based wholesale mortgage lender with history of drunk driving convictions arrested on suspicion of murder after 88-year-old man is killed in head-on accident.

Mortgage 130
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PA judge decides reverse mortgage gets first-priority in foreclosure dispute

Housing Wire

A reverse mortgage loan has first-priority status in a Pennsylvania foreclosure dispute, after initially being rejected by the trial court according to court documents reviewed by HousingWire s Reverse Mortgage Daily (RMD), and an analysis by attorneys at law firm Wilentz, Goldman & Spitzer, P.A. In 2005, the client purchased a home in the Foxfield at Naamans Creek community in Garnet Valley, Penn. with a traditional mortgage.

Mortgage 286
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Real estate agents carry hope for client pipelines into January: Intel

Inman

Current pipelines reported in the Intel survey remain higher than they were a few months ago, perhaps signaling that some clients are entertaining a return to the market despite headwinds from the Fed.

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Ownwell partners with Valon on property tax monitoring service

Housing Wire

Ownwell is unveiling a new partnership that aims to help homeowners save money by avoiding higher property tax payments. On Monday, the company said it would partner with mortgage servicing company Valon to offer property tax savings services. This is Valon’s latest move to upgrade its mortgage servicing platform. The company recently raised $100 million in Series C funding to boost product development and outreach.

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87% of mortgage lead gen comes from referrals and past clients

Inman

When it comes to mortgages, Mike DelPrete writes, online lead generation is certainly a piece of the puzzle, but it pales in comparison to the power of referrals and existing relationships.

Clients 122
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Private Residential Construction Spending Rises 1.5% in December

Eyes on Housing

Private residential construction spending increased by 1.5% in December 2024, according to the latest U.S. Census Construction Spending data. It was the third consecutive monthly increase since September 2024. On a year-over-year basis, the December report showed a 6% increase. The monthly increase in total private construction spending was primarily driven by higher spending on.

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Corcoran adds trending listings feature to website

Inman

The new feature, which the brokerage calls "like Netflix for real estate," highlights for homebuyers trending properties based on unique views, interactions and leads, the firm has informed Inman.

Brokerage 144
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Fringe Benefits Add 18% to Home Building Payroll

Eyes on Housing

In the home building industry, fringe benefits add an additional 18% to employees compensation on top of payroll, according to NAHBs analysis of the latest 2022 Economic Census data. The rates vary across residential construction sub-sectors with single-family and multifamily general contractors contributing an average of 20% on top of payroll. Fringe benefits in residential.

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4 steps to scale your business (and tip the scales in your favor)

Inman

Scaling isn't just about growth, BHGRE's Ginger Wilcox writes. It's about building a stronger, more resilient and engaged organization.

Business 103
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3 GoFormz Integrations to Save You Time and Money

GoForrmz

Take your data to the next level by integrating GoFormz with your existing systems Digital forms are a game-changer for businesses, offering a streamlined alternative to traditional paper processes. They enhance collaboration, improve communication, and pave the way for more efficient workflows. But capturing data is just the beginning. The real power lies in what you do with that data.

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Canopy MLS members offered Rental Beast solutions

Inman

Charlotte, NC-based Canopy MLS has inked a software partnership with Rental Beast designed to encourage members to increase their work in the rental market.

Design 102
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Save Yourself Thousands of Dollars and Hours By Using This For Your Business

BiggerPockets

Managing properties as a real estate investor can feel like juggling flaming torches while riding a unicycle.