Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. “Due to the significant contraction in the overall mortgage industry, we have made the difficult decision to exit the correspondent lending business,” Chuck Williams, president and CEO, said in a statement.

Lending 379

Lending Business Retail Client Relationships 379

Real Estate News

FEBRUARY 9, 2023

Christie's expands in California and Boston, E&V snags Bay Area leaders, The Agency opens in Portugal, Cupid loves Side, RE/MAX grows and more brokerage news.

Brokerage 217

Brokerage 217

Housing Wire

FEBRUARY 9, 2023

Optimism spread across the mortgage industry at the start of 2023. Signs that the disinflationary process was working raised hopes that the Federal Reserve may stop the federal funds rate hikes sooner rather than later. Mortgage rates also dropped about 30 basis points in January, hitting the lowest level since September 2022. But February brought a dose of reality back to the markets.

Mortgage 368

Mortgage Marketing Housing Market 368

Real Estate News

FEBRUARY 9, 2023

NAR's quarterly home price report found that prices were up year-over-year in nearly 90% of major metros, though the pace of appreciation has slowed.

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217

Housing Wire

FEBRUARY 9, 2023

Education media publisher Appraiser eLearning (AEL) bought Valuation Expo and Appraisal Buzz from Joan Trice , who created the two entities about 20 years ago. The staff of both appraisal conference Valuation Expo and the newsletter for appraisal professionals Appraisal Buzz will remain in place and no changes are planned to either entity, AEL said announcing the purchase on Wednesday.

Valuation 367

Valuation Appraisal Training Real Estate 367

Real Estate News

FEBRUARY 9, 2023

Jason and Molly Mesnick, real estate agents and "The Bachelor" alums, offer their take on the deals and drama on some of the hottest real estate shows today.

Real Estate 208

Real Estate Real Estate Agent Agents 208

Eyes on Housing

FEBRUARY 9, 2023

Mirroring a steep rise in mortgage rates that began in the early part of 2022 and coupled with ongoing building material supply chain bottlenecks that increased construction costs, housing affordability posted three consecutive quarterly declines in 2022 and now stands at its lowest level since the National Association of Home Builders (NAHB) began tracking it on a consistent basis in.

Supply Chain 193

Supply Chain Construction Mortgage 193

Housing Wire

FEBRUARY 9, 2023

Housing affordability hit a record low in the fourth quarter of 2022, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released Thursday. At the end of the fourth quarter, the index stood at its lowest level since the NAHB began tracking the data on a consistent basis in 2012. Despite this, the NAHB is optimistic that the recent drop in mortgage rates over the past two months might signal that affordability conditions may have reached their low point f

Supply Chain 367

Supply Chain Housing Market Marketing Mortgage 367

Real Estate News

FEBRUARY 9, 2023

Volatility may be the norm for the near future, but mortgage interest rates remain down significantly from their November peak.

Mortgage 144

Mortgage 144

Housing Wire

FEBRUARY 9, 2023

A regulator in Illinois has suspended the MLO license of industry veteran Michael Strauss and the license for his mortgage company, Smart Rate Mortgage, essentially blocking the company from operating in the state, according to the Nationwide Multistate Licensing System (NMLS). The Division of Banking at the Department of Financial and Professional Regulation in Illinois issued the orders on February 1.

Real Estate 347

Real Estate Investors Finance Mortgage 347

Inman

FEBRUARY 9, 2023

Existing-home sales prices increased in nearly 90 percent of metro areas, but gains were smaller than the previous quarter, according to data released Thursday by the National Association of Realtors.

Realtors 127

Realtors Marketing 127

Housing Wire

FEBRUARY 9, 2023

LauraMac, a provider of mortgage loan review SaaS technology, announced on Thursday that it has integrated with LoanLogics IDEA , an intelligent document processing and data extraction technology. The outcome of the integration between IDEA and the LauraMac platform “will improve the quality and transparency of mortgage loan commerce,” LoanLogics CEO Dave Parker said in a statement.

Technology 299

Technology Tools Buyers Sellers 299

Inman

FEBRUARY 9, 2023

The 40-person team, formerly of Coldwell Banker, has also brought on its Northern California office located in the Berryessa neighborhood of San Jose to Corcoran Icon Properties.

Real Estate 119

Real Estate Brokerage 119

Riverfront Appraisals

FEBRUARY 9, 2023

Realtors, remember the last time your buyer switched lenders at the last minute? I bet you were hoping you could just use the old appraisal, right? Lenders, how many times have you reached out to the appraiser and asked them to change the name on their appraisal from the original lender to the new? This […] The post FAQ #6: Can An Appraisal Be Readdressed To A New Client?

Clients 114

Clients Appraisal Realtors Buyers 114

Inman

FEBRUARY 9, 2023

As mortgage rates have dropped from a roughly 7 percent peak, buyers can now buy homes about 84 square feet larger than those they could purchase in October with a $3,000 monthly payment.

Buyers 117

Buyers Mortgage Marketing 117

Empire Appraisal Group

FEBRUARY 9, 2023

50% Rule Imperils Rebuilds in Hurricane-Hit Areas NEWS & MEDIA felixmizioznikov / Getty Images Source: 50% Rule Imperils Rebuilds in Hurricane-Hit Areas | Florida Realtors 50% Rule Imperils Rebuilds in Hurricane-Hit Areas By Derek Gilliam Some SW Fla. officials hope for change, but if destruction surpasses 50% of a home’s value – not including the land – it falls under newer and costlier building codes.

Insurance 78

Insurance Law Supply Chain Government 78

Inman

FEBRUARY 9, 2023

This week, the spotlight shines on Ivan Chorney, a Miami broker specializing in luxury real estate developments.

Real Estate 148

Real Estate Development Brokerage 148

Valcre

FEBRUARY 9, 2023

Where we were 2023 is off to a swift start for Team Valcre with two events down in January and more coming up. Valcre’s Lucas Rotter, CEO and Co-founder and Cindy Knox, Client Success Manager, attended the 30th Annual LA/OC Market Trends Seminar in Los Angeles, California with the Southern California Chapter of the Appraisal Institute on January 26.

Appraisal 71

Appraisal Clients Marketing 71

Inman

FEBRUARY 9, 2023

The CEO was unapologetic about her mantra "old school is the best school," while acknowledging that the ability to evolve while keeping agents and clients at the forefront have contributed to the brokerage's longevity.

Brokerage 114

Brokerage Clients Agents Training 114

Lamacchia Realty

FEBRUARY 9, 2023

The Award for Most Acquired Clients goes to the REALTOR who signed up the most buyers and/or sellers in the company during a given year. In 2022, the award went to Cyndi Deshaies ! Cyndi achieved this feat by signing up an astounding 83 clients in 2022! In 2022, Cyndi qualified for Lamacchia Realty’s President’s Club for the second year in a row and achieved President’s Club ELITE status for the first time.

Clients 73

Clients Realtors Training Realty 73

Inman

FEBRUARY 9, 2023

Because many teams work closely together, it's smart to take time to discuss love languages as a team. Help individuals identify their specific love language, and then work to develop an office culture that helps effectively nurture each other and builds on each other’s strengths and love languages.

Development 103

Development Brokerage Agents 103

Lamacchia Realty

FEBRUARY 9, 2023

We are thrilled to announce that Kyle Denlinger has been named the 2022 Rookie of the Year! When Kyle transitioned into real estate full-time earlier this year, he sold 26 homes in just 9 months – that’s almost unheard of! This also earned him the award for Most Transactions in the Fort Lauderdale office in 2022. “Congratulations Kyle! What an Incredible feat!

Realtors 68

Realtors Realty Agents Tools 68

Inman

FEBRUARY 9, 2023

Strong job numbers spark fears that the Fed will need to stick to its guns and continue to raise rates and keep them elevated for some time to fight inflation.

Mortgage 108

Mortgage Marketing 108

Lamacchia Realty

FEBRUARY 9, 2023

In her first full year with the company, Julia Connolly closed an impressive 16 properties, officially earning her the 2022 Fast Tracker award! Julia first joined Lamacchia Realty nearly halfway through 2021. Her work ethic immediately made her stand out as someone who is willing to put in the time and energy to grow her business and help her clients succeed.

Realty 68

Realty Training Tools Agents 68

Inman

FEBRUARY 9, 2023

The debt-burdened company notified regulators in December of plans to raise up to $100 million through a public stock offering.

Marketing 117

Marketing Mortgage 117

Lamacchia Realty

FEBRUARY 9, 2023

At Lamacchia Realty, technology plays a key role in the success of our agents and staff. From providing top-notch video trainings to ensuring everyone is equipped with reliable devices, we understand that embracing innovation guarantees productive outcomes. Information Technology for an entire brokerage is not an easy aspect to manage, but this staff member goes above and beyond to ensure that everything runs smoothly.

Realty 68

Realty Training Technology Brokerage 68

Inman

FEBRUARY 9, 2023

Expand your knowledge and unlock this week's newest classes with Inman Access. Watch on any device, anytime, anywhere.

Finance 118

Finance Agents Marketing 118

Lamacchia Realty

FEBRUARY 9, 2023

Lamacchia Realty is proud to share that the 2022 Employee of the Year is Aileen Buckley , one of our rockstar Administrative Assistants. “Congratulations Aileen! We knew you were the right fit for this award when several managers brought up your name. As the Owner of the company, when several managers from even different departments bring up someone’s name, that always impresses me.

Property Management 67

Property Management Realty Development Agents 67

Inman

FEBRUARY 9, 2023

By avoiding common rookie mistakes, new real estate agents can set themselves up for success and establish a positive reputation in the industry.

Agents 87

Agents Real Estate Agent Real Estate 87

Lamacchia Realty

FEBRUARY 9, 2023

Every year, Lamacchia Realty presents the award for Most Growth to the agent who increased their units sold by the highest number from the previous calendar year. This year, the award goes to the agent who achieved an impressive 143% growth in 2022- Michelle Farrell! “Congrats Michelle on growing your business more than anyone else. Since you started at our Company, you have been nothing but impressive.

Realty 67

Realty Clients Business Agents 67

BiggerPockets

FEBRUARY 9, 2023

Before the pandemic, co-living as a housing solution was already gaining popularity as urbanization caused rents to rise in major cities.

Investors 54

Investors Real Estate 54

Lamacchia Realty

FEBRUARY 9, 2023

The Meghan A. Martin award is presented annually to someone whose actions embody the many things that Meghan stood for and demonstrated every day. The 2022 Meghan A. Martin Award recipient is Colleen Crowley. "Colleen had been in my mind for a couple of years for this award. This award means a lot to our company and to me personally. Colleen sure deserves it.

Realty 65

Realty Clients Agents Training 65

BiggerPockets

FEBRUARY 9, 2023

Knowing how to build business credit could be the difference between starting your dream business or waiting on the sidelines.

Business 53

Business 53

Lamacchia Realty

FEBRUARY 9, 2023

February 9, 2023 – The Lamacchia Realty Performance awards for 2022 were announced by Anthony Lamacchia, owner of Lamacchia Realty, at the company-wide 2023 Kick-Off Event. These awards are reflective of the impact that the weekly company-wide training and coaching sessions in which Lamacchia Realty REALTORS® participate. Though headquartered in Massachusetts, the company serves clients in New Hampshire , Connecticut , Rhode Island , and South Florida.

Realty 62

Realty Clients Realtors Training 62