Housing Wire

MAY 10, 2023

The massive inflation and double-digit mortgage rates of the 1970s and early 1980s seem to haunt the Federal Reserve , which wants to cool the economy and even provoke a job-loss recession to avoid that scenario. But the latest Consumer Price Index inflation report shows how the fear of 1970s-style inflation is wildly overblown. Today’s numbers don’t look like the 1970s at all, when rent, wages, and oil shocks sent inflation running hotter than anything we have seen in recent modern-day hi

Mortgage 534

Mortgage Housing Market Modernization Marketing 534

Real Estate News

MAY 10, 2023

The fees, which were scheduled to go into effect on Aug. 1, were opposed by industry groups including NAR and the Mortgage Bankers Association.

Mortgage 253

Mortgage 253

Housing Wire

MAY 10, 2023

Payroll connectivity platform Argyle announced this week that it has grown the number of its consumer verifications 100% year over year and has welcomed over 35 new customers so far in 2023. The company offers direct-source data portability tools for mortgage, lending, banking, background and tenant screening, and other use cases. “We’ve packaged five years of learning and innovation into our next-gen platform to continue automating critical workflows, reducing business risk, and pro

Mortgage 406

Mortgage Tenants Business Finance 406

Real Estate News

MAY 10, 2023

Brokerage leaders expect agents to be more tech-savvy than ever before, bringing new skills that enhance traditional approaches to buying and selling homes.

Agents 223

Agents Brokerage 223

Housing Wire

MAY 10, 2023

Dallas, Texas-based Mr. Cooper Group has entered into an agreement to acquire struggling Home Point Capital for $324 million in cash, the companies announced on Wednesday. The transaction will ultimately result in the seller shutting down operations. Rumors that Mr. Cooper was interested in Ann Arbor, Michigan-based Home Point spread prior to the latter selling its wholesale origination business to The Loan Store on April 7 and were amplified after.

Legal 395

Legal Sellers Inventory Mortgage 395

Real Estate News

MAY 10, 2023

The brokerage reported a net loss of $15.1 million in the first quarter but says it has plenty of cash on-hand to carry it through the down cycle.

Brokerage 231

Brokerage 231

Inman

MAY 10, 2023

Agents should be prepared to answer their buyer's mortgage questions, including types of mortgages, lender guidelines, preapproval vs. prequalification and the closing process in the area.

Buyers 191

Buyers Mortgage Agents Lending 191

Housing Wire

MAY 10, 2023

The expectation that the Federal Reserve might be done with hiking rates spurred the mortgage market last week. “Mortgage applications responded positively to a drop in rates last week, as the Fed signaled a potential pause at the current level for the federal funds rate in anticipation of inflation slowing and tightening financial conditions that will slow economic and job growth,” Joel Kan, Mortgage Bankers Association (MBA) vice president and deputy chief economist, said in a statement.

Mortgage 383

Mortgage Retail Inventory Buyers 383

George Dell

MAY 10, 2023

Personal change is difficult. I like my old comfy chair. A new chair must be broken in. Uncomfortable! But the new chair does stuff. New stuff. It has automatic, adjustable features. It has memory foam, a heating pad, and hot and cold cup holders. And a remote control with 27 buttons which can control room […] The post Resistance to Change?

Appraisal 150

Appraisal 150

Housing Wire

MAY 10, 2023

April’s Consumer Price Index data is welcome news to the Federal Reserve , which is debating whether to continue hiking interest rates after its most recent 25 basis point hike last week. Especially encouraging is that housing inflation pressure in the CPI is starting to ease, with April representing the smallest one month change in over two years. Overall, consumer prices cooled further in April, with the CPI rising 4.9% year over year, before seasonal adjustment, according to data released Wed

Housing Market 383

Housing Market Insurance Realtors Buyers 383

Inman

MAY 10, 2023

Overspending is a significant challenge that almost every real estate agent has to face. However, with the right strategies and practices in place, you can rein in your spending and significantly grow your profits.

Real Estate Agent 165

Real Estate Agent Real Estate Agents Marketing 165

Housing Wire

MAY 10, 2023

Real estate valuation technology company Clear Capital announced on Wednesday that it has expanded its partnership with ValueLink , a valuation management platform, to offer better support for appraisal modernization policy changes. Through this expansion, ValueLink customers can now access Clear Capital’s proprietary Universal Data Collection (UDC) solution, which offers fast and accurate data collection and submission that meets Freddie Mac and Fannie Mae data standards for property data repor

Valuation 383

Valuation Modernization Technology Appraisal 383

Inman

MAY 10, 2023

Preparing your first real estate agent business plan takes time, effort and research. Thankfully, it doesn’t have to be long or complicated, just specific enough to outline what you want to accomplish. A well-prepared business plan will help you set a clear direction, stay focused and increase your chances of success.

Real Estate Agent 165

Real Estate Agent Real Estate Business Agents 165

Housing Wire

MAY 10, 2023

Real estate giant Anywhere is launching a title insurance joint venture exclusively for Anywhere Brands franchisees, according to an announcement on Wednesday. Upward Title & Closing is a full-service title and settlement company. The joint venture capitalizes on Upward’s local housing expertise, as well as Anywhere’s technology, including virtual quote tools and options for a fully digital closing.

Insurance 383

Insurance Real Estate Tools Agents 383

Inman

MAY 10, 2023

A "drought" of new listings is driving up prices, reversing the sluggishness of late 2022 and forcing buyers to compete fiercely for homes, according to a new analysis from Zillow.

Buyers 160

Buyers Inventory New Listings Marketing 160

Housing Wire

MAY 10, 2023

Introducing Inside Voices with Kristin Messerli, a new interview video series hosting by Messerli, who’s research on NextGen homebuyers helps to inform tomorrow’s generation. She is also author of NextGen Homebuyer Research and a speaker and educator. Today, she interviews Lili Thompson, founder of Lili Invests. At just 27 years old, she has already established ownership of 13 properties.

Investing 383

Investing Real Estate Buyers 383

Inman

MAY 10, 2023

At NAR's midyear conference, Senior Counsel Chloe Hecht offered best practices to help navigate artificial intelligence without running afoul of copyright law or the Realtor Code of Ethics.

Realtors 160

Realtors Law Insurance Technology 160

Housing Wire

MAY 10, 2023

Blend Blend’s end-to-end mortgage suite delivers a world class experience for both borrowers and Loan Officers while delivering powerful operational efficiency with automation and data driven workflows. Product Fast Facts #1 Conditions Sync automatically translates underwriting conditions to actionable guided borrower facing followup #2 Lenders can define specific logic and rules around which conditions should be synced between Blend and Encompass #3 65% of conditions are identified upfront with

Loan Officers 383

Loan Officers Mortgage 383

Inman

MAY 10, 2023

All items index increased 4.9 percent for the 12 months ending April, the smallest 12-month increase since the period ending April 2021, according to the Consumer Price Index Summary.

Marketing 160

Marketing 160

Housing Wire

MAY 10, 2023

Total eClose With more borrowers using mobile devices to participate in the mortgage process, we’re offering an intuitive tablet-based experience. Why limit borrowers to eClosing only when they have access to a desktop or laptop computer? By offering the flexibility to eClose using any device, Total eClose makes the eClosing process, including Remote Online Notarization (RON), even simpler.

Agents 304

Agents Mortgage 304

Inman

MAY 10, 2023

Despite economic turmoil, investors large and small are still a force to be reckoned with in the housing market. Intel broke down the cities they've soured on — and the ones they just can't quit.

Investors 159

Investors Real Estate Marketing Housing Market 159

Housing Wire

MAY 10, 2023

AutomatIQ Borrower Income Analysis AutomatIQ Borrower Income Analysis is an all-inclusive intelligent calculation and analysis tool that leverages state-of-the-art CoreLogic technology. The tool allows lenders to qualify borrowers faster by examining all income sources automatically and reliably. In addition, the solution enables the underwriter, processor and loan officer to generate an easy-to-read report that helps you meet unique investor’ and GSE requirements, saving time and enhancing cust

Loan Officers 294

Loan Officers Tools Investors Technology 294

Inman

MAY 10, 2023

Are homebuyers asking for concessions? Are bidding wars ubiquitous in your market? Answer a few simple questions to determine if your area favors homebuyers or sellers this spring.

Marketing 153

Marketing Sellers Buyers Agents 153

Housing Wire

MAY 10, 2023

Solex ® IPEN Solex IPEN gives Settlement Agents the convenience of a seamless signing experience with the efficiency and accuracy of a digital closing. Enjoy enhanced functionality within Solex, including a custom QR code sign-on experience and the ability to sign on any device, anywhere. IPEN sessions have never been easier – let Docutech’s Solex be your solution.

Agents 294

Agents 294

Inman

MAY 10, 2023

The dominant iBuyer has taken extraordinary steps to survive this period of upheaval, writes real estate analyst Mike DelPrete, who dug deeper into last week's Q1 earnings exclusively for Intel.

Real Estate 153

Real Estate Technology 153

Eyes on Housing

MAY 10, 2023

Consumer prices in April saw the smallest year-over-year gain since April 2021. This marked the tenth consecutive month of deceleration and the first time the rate has fallen below 5% in two years. While the shelter index (housing inflation) experienced its smallest monthly gain since January 2022, it continued to be the largest contributor to the total increase, accounting for.

Inventory 151

Inventory 151

Inman

MAY 10, 2023

UWM CEO Mat Ishbia highlights "operational profitability" as a $337 million write-down in fair value of mortgage servicing rights drives a $138.6 million first-quarter loss.

Mortgage 154

Mortgage 154

Eyes on Housing

MAY 10, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending May 5th, total mortgage activity increased 6.3% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell two basis points to 6.48%. The FRM rate has risen 18 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose.

Mortgage 131

Mortgage Marketing Lending Finance 131

Inman

MAY 10, 2023

Applications for purchase mortgages rose 5 percent last week, but a strong jobs report and ongoing bank instability are pushing mortgage rates back up.

Mortgage 160

Mortgage Marketing 160

Appraiserblogs

MAY 10, 2023

A bill being crafted by the New York state Senate’s Finance Committee would, in effect, place a $2,000 bounty on the head of any heretical real estate appraiser in the Empire State who dares conclude a value that fails to satisfy a seller, serial refinancer or commissioned broker in a deal. Vulnerable buyers, who could be paying off inflated loans based on coerced values, would simply have to live with it.

Appraisal 108

Appraisal Real Estate Sellers Finance 108

Inman

MAY 10, 2023

Zillow’s path forward depends on its ability to capture more leads, further monetize those leads and attach ancillary services like mortgage.

Mortgage 153

Mortgage 153

McKissock

MAY 10, 2023

If you’re a licensed trainee entering the appraisal business, finding a supervisor can be a challenge. Many real estate appraisers don’t have the time to mentor a beginner. Sometimes they fear that the newcomer, once fully trained, will become a competitor. However, this is a “greying” business. Older appraisers will often want to keep the business alive, and thus will be glad to train a successor.

Real Estate 86

Real Estate Appraisal Training Business 86

Inman

MAY 10, 2023

Lending industry groups like the Mortgage Bankers Association called a fee based on borrower's debt-to-income ratio "unworkable.

Lending 154

Lending Mortgage Finance 154

BiggerPockets

MAY 10, 2023

DSCR loans are becoming increasingly popular, but you might not know how to utilize them yet. Don't miss out on this amazing financing tool!

Tools 84

Tools Finance Mortgage 84