Housing Wire
APRIL 3, 2023
Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. Here’s a quick rundown of the last week: The 10-year yield battle continues as bond yields rose early in the week only to close below 3.50% on Friday. Mortgage rates rose to 6.57%.
Real Estate News
APRIL 3, 2023
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Housing Wire
APRIL 3, 2023
Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., put more pressure on home prices. According to the Black Knight’s mortgage monitor report, home prices rose 0.16% nationally in February compared to the month prior, marking the first monthly increase after seven months of declines.
Real Estate News
APRIL 3, 2023
Apart from an early-pandemic spike in moves, mobility has continued to decline for decades, particularly among young renters.
Housing Wire
APRIL 3, 2023
Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. Through Rocket’s new “BUY+” program, clients who obtain purchase financing from Rocket Mortgage and find a home with a Rocket Homes partner real estate agent, will receive a credit equal to 1.5% of their loan amount to put toward closing costs, helping defray upfront costs.
Inman
APRIL 3, 2023
Coldwell Banker embraces a diverse network of agents and broker-owners. Liz Geringher recently connected with several of them as part of her mission to continue to humbly learn and uplift voices.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
APRIL 3, 2023
As a luxury agent, how can you deliver the personalized service that ensures your clients will never want to work with anyone else? Here are my thoughts.
Housing Wire
APRIL 3, 2023
Cornerstone Servicing , a division of recently formed Cornerstone Capital Bank , has launched a subservicing business, the company announced Monday. “Our goal is to ensure every homeowner has the support they need to make informed decisions and manage their mortgage with ease,” Toby Wells, president of Cornerstone Servicing said in a statement. “With proactive engagement and intuitive technologies , our customizable subservicing solutions are uniquely designed to eliminate common pain points for
Inman
APRIL 3, 2023
The National Association of Realtors' 2023 Profile of Home Staging reveals a quarter of all staging efforts yield additional profits of up to $18,935 for a median-priced home.
Housing Wire
APRIL 3, 2023
SoFi Technologies announced Monday that it had acquired fellow digital lender Wyndham Capital Mortgage in an all-cash transaction. The acquisition will allow SoFi to broaden its suite of mortgage products available to members, enhance unit economics, and take ownership of a scalable digital mortgage platform, the company said in a statement. In doing so, SoFi will rely less on third-party partners and processes.
Inman
APRIL 3, 2023
This first wave of expansion will include Florida, Pennsylvania, New Jersey, North Carolina, South Carolina and Connecticut. SERHANT. has also brought on local teams across those states.
Housing Wire
APRIL 3, 2023
The mortgage industry still faces the same cyber security threats as it did over the last 10 years. In turn, efforts to strengthen infrastructure and security are becoming even more important, experts emphasized on Monday at the Mortgage Bankers Association (MBA) Technology Solutions Conference Expo in San Jose, California. Phishing — a form of social engineering where attackers deceive people into revealing sensitive information installing malware — still remains one of the most common ways t
Inman
APRIL 3, 2023
Natalie Cariola joins Stake after serving as a C-level executive at Zumper for the past 6 years, the company exclusively told Inman. "I am excited to bring Stake’s win-win solution to communities and renters across the country.
Housing Wire
APRIL 3, 2023
Mortgage lenders are fighting brutal market conditions, but lenders shouldn’t be pulling back on tech investments. That was the message mortgage and solutions executives emphasized on Sunday during the Mortgage Bankers Association ’s (MBA’s) Technology Solutions Conference & Expo in San Jose, California. Consumers’ demand for a digitized mortgage experience that cuts time and costs is growing, even if it’s tough sledding for lenders right now.
Inman
APRIL 3, 2023
The lender's new "BUY+" program provides closing credit of up to $10,000 to homebuyers working with one of more than 20,000 Rocket Homes Partner Agents, it was announced Monday.
Housing Wire
APRIL 3, 2023
Profitability has been a sore spot for Robert Reffkin and his brokerage, Compass. In media interviews and on earnings calls, Reffkin is forced to defend Compass’s mounting losses and the underlying strength of its business – in 2022 , Compass recorded a net loss of $601 million despite raking in revenue – up 6% to $6.02 billion. Reffkin doesn’t shy away from the fact that the brokerage has received billions in venture capital and debt.
Inman
APRIL 3, 2023
After navigating health scares as a child and struggling a bit early in his career, it was The Agency CEO's wife, Kyle Richards, who suggested he get a real estate license, which he says was the "best decision ever.
Housing Wire
APRIL 3, 2023
With Congress deadlocked on multiple high-profile issues, including raising the “debt ceiling,” it’s unlikely that any legislation that could help close the homeownership gap for Black Americans will be passed. In turn, Lydia Pope, president of the National Association of Real Estate Brokers (NAREB), is urging mortgage lenders to accelerate special purpose credit programs (SPCPs) to boost Black homeownership rates and help close the wealth gap between Black and white Americans.
Eyes on Housing
APRIL 3, 2023
Private residential construction spending declined 0.6% in February, as spending on single-family construction decreased 1.8%. Spending declined for the ninth month in a row amid elevated mortgage interest rates. Consequently, private residential construction is 5.7% lower compared to a year ago. The monthly decline is largely attributed to lower spending on single-family construction, which has been declining since June 2022.
National Association of Realtors
APRIL 3, 2023
A more streamlined appraisal process won’t materialize until lenders and appraisal management companies understand the critical need for credible, independent data collection.
Valuation Review
APRIL 3, 2023
Valuation Review is live in California for the 2023 ACTS.
BiggerPockets
APRIL 3, 2023
Managing real estate rentals from a distance used to be a daunting task. With the advent of technology, it has become much easier to manage your properties from afar. Technology has revolutionized the way we do business, and real estate is no exception. Today, there are many tools and software available to help you manage your properties and tenants remotely.
Valuation Review
APRIL 3, 2023
Accurate Group announced it is one of six service providers approved for Fannie Mae modernization initiative.
Mortgagebroker News
APRIL 3, 2023
Beginning at a young age affords the chance of earning valuable experience in the industry, broker says
Valuation Review
APRIL 3, 2023
The Appraisal Foundation recently provided PAVE updates on one-year anniversary of the program.
Mortgagebroker News
APRIL 3, 2023
Homeowners continue to harbour various fears surrounding their mortgages, according to a new survey
Valuation Review
APRIL 3, 2023
BBG announced the inaugural edition of its U.S. seniors housing investor survey.
Mortgagebroker News
APRIL 3, 2023
The Canadian economy is exhibiting sustained resilience, says observer
Valuation Review
APRIL 3, 2023
Flagstar Bank, N.A., donates $1 million to the Appraiser Diversity Initiative.
Clear Capital
APRIL 3, 2023
The March 2023 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at -2.1 percent. Download the report , or read it below. About the Clear Capital Home Data Index (HDI ) Market Report and Forecast The Clear Capital HDI Market Report and Forecast provides insights into market trends and other leading indices for the real estate market at the national and local levels.
Valuation Review
APRIL 3, 2023
Clear Capital outlines how UDC supports Fannie Mae modernization initiative.
Town & Country Residential Appraisals
APRIL 3, 2023
As the Baby Boomer’s retire, an increase of advertisements offering “reverse mortgages” are hitting the airwaves, leaving homeowners (and their children) asking, “Is this a good idea for us?” Due to the ramifications of reverse mortgages, parents should never make these decisions alone without consulting the family who will have to finish the process upon their passing.
Valuation Review
APRIL 3, 2023
"The Appraiser Coach" gives more monthly advice for appraisers.
Mortgagebroker News
APRIL 3, 2023
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