Housing Wire

OCTOBER 21, 2024

An effort seeking summary judgment in a case brought by Texas Capital Bank (TCB) against Ginnie Mae over reverse mortgage-related collateral has been denied by presiding Judge Matthew Kacsmaryk, according to a court filing reviewed by HousingWire ’s Reverse Mortgage Daily (RMD). TCB sought summary judgment in a court filing this past summer, which would have allowed the presiding judge to decide part of the case prior to a trial.

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Appraisal Buzz

OCTOBER 21, 2024

Sen. Elizabeth Warren , along with Rep. Jamaal Bowman , have issued a letter from a coalition of more than 30 lawmakers to President Joe Biden praising him for his actions to confront the housing crisis and proposing additional executive actions to lower the cost of housing. “Under your leadership, the Biden-Harris Administration has taken important steps to protect renters from predatory corporate landlords and to make home purchases and refinancing more affordable,” wrote the lawmakers.

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Housing Wire

OCTOBER 21, 2024

Since 2019, the state of Florida has built more than 77,000 new properties in areas with a high risk of flooding. This is the most among all states, according to an analysis by climate-modeling firm First Street Foundation on behalf of the The Wall Street Journal. The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said.

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Appraisal Buzz

OCTOBER 21, 2024

Winter weather is already making its mark across the U.S., causing significant property damage before the full season even begins. According to a ValuePenguin study , $61.8 million in property damage has already occurred in 2024, with Oregon and Texas emerging as the hardest-hit states. As homeowners prepare for the winter ahead, these early numbers provide insight into which areas are most vulnerable to winter weather’s harsh impacts.

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Housing Wire

OCTOBER 21, 2024

In a housing market shaped by uncertainty, military veterans and service members are emerging as some of the most confident and prepared homebuyers, outpacing their civilian counterparts. That’s according to a recent index released by Veterans United Home Loans to measure the financial health and optimism of veterans, active-duty service members and civilians in terms of home purchase timelines and motivating factors, personal finance and their outlook for the U.S. economy.

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Appraisal Buzz

OCTOBER 21, 2024

Student loans are frequently listed as the primary obstacle for young buyers’ c. But even though loan debt is higher than ever, are loans really the barrier some claim them to be? A new study from First American reviewed the data from the 2022 Survey of Consumer Finances to determine exactly how much impact student loan debt has on the search for home ownership.

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Appraisal Buzz

OCTOBER 21, 2024

It is clear most appraisers do not like to perform the analytics inherent in the Cost Approach. This may be because most appraisers simply do not appreciate its power. Consider these 10 Cost Approach questions. 10 QUESTIONS TO CONSIDER Take a look at these 10 questions on the Cost approach (and various items related to it). After you are finished, you will still not like to do it.

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Housing Wire

OCTOBER 21, 2024

The mortgage industry faces constant change. Regulations shift, customer needs evolve, and economic conditions fluctuate. Lenders need a loan origination system (LOS) that can keep up with the changing times. Encompass by ICE Mortgage Technology aims to provide a flexible end-to-end solution for lenders in a modern market. Encompass offers a unified platform for lenders to handle every aspect of the loan process.

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Technology Mortgage Lending Modernization 308

Appraisal Buzz

OCTOBER 21, 2024

Operational Excellence and Innovation In this insightful episode of the MP Access Show, Robert Wilson, VP of Experience at Five Star, welcomes Lynsey Biernacki, Senior Vice President of Operations at Sylvan Road Capital. Lynsey sheds light on how Sylvan Road has built a strong reputation in the single-family rental (SFR) industry through a focus on operational excellence, innovation, and a resident-centric approach.

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Housing Wire

OCTOBER 21, 2024

Mutual of Omaha Mortgage has been given more time to respond to allegations against it in a case that accuses the lender of operating manipulative websites that skew reverse mortgage reviews in its favor. The suit, brought by reverse mortgage competitor Longbridge Financial , alleges that Mutual of Omaha operates a series of websites that are both deceptive and purportedly in violation of the Real Estate Settlement Procedures Act (RESPA) as well as guidance from the Federal Trade Commission (FTC

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Appraisal Buzz

OCTOBER 21, 2024

Mortgage subservicer LoanCare has launched Digital Recapture, a new suite of tools that connects homeowners with lending products that help inform them about potential home equity or lower interest rates, while keeping their lending partner top of mind. Digital Recapture provides lenders with a streamlined process to engage homeowners who are looking for affordable homeownership.

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Housing Wire

OCTOBER 21, 2024

Another regulator has sued Rocket Mortgage for allegedly discriminating against a Black homeowner by undervaluing her home during an appraisal in Colorado three years ago. And the Detroit-based lender believes it’s a “massive overreach.” On Monday, the U.S. Department of Justice —following a move made by the U.S. Department of Housing and Urban Development (HUD) in July—filed a lawsuit against the lender, appraiser Maksym Mykhailyna and his company, Maverick Appraisal Group ,

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Appraisal Buzz

OCTOBER 21, 2024

The share of mortgage loans in forbearance increased to 0.34% as of September 30, as loan performance in government products weakened, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey. About 170,000 homeowners are in forbearance plans, the MBA estimates. Mortgage servicers have provided forbearance to approximately 8.3 million borrowers since March 2020.

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Housing Wire

OCTOBER 21, 2024

The controversial Clear Cooperation Policy from the National Association of Realtors continues to spark debate — for several reasons — among real estate professionals. (Image generated by AI in Midjourney) With the Aug. 17 implementation deadline for the business practice changes outlined in National Association of Realtors’ commission lawsuit settlement agreement in the rearview mirror, the real estate industry has turned its focus to a new point of contention — NAR’s Clear Cooperation Policy (

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Appraisal Buzz

OCTOBER 21, 2024

The number of national homebuyer assistance programs increased by 29 in the third quarter, rising to a total of 2,444, according to Down Payment Resource (DPR), which offers homebuyer assistance program data and solutions. That’s a 1.2% increase compared with the second quarter. The firm’s Q3 2024 Homeownership Program Index (HPI) report shows a 5% increase in programs for first-generation buyers.

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Housing Wire

OCTOBER 21, 2024

The legal woes continue for the National Association of Realtors (NAR). On Wednesday, Maurice Muhammad — the broker of Progressive Realty — filed a complaint in U.S. District Court in Pennsylvania claiming that NAR, the Pennsylvania Association of Realtors (PAR) and the Greater Lehigh Valley MLS (GLVMLS) have violated federal civil rights statutes, engaged in unlawful discriminatory practices, breached their contracts, created a monopolistic system and broken federal antitrust laws.

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Appraisal Buzz

OCTOBER 21, 2024

Borrowers generated significantly fewer pre-approval letters in the third quarter compared with the second quarter, according to the latest LenderLogix Homebuyer Intelligence Report. Borrowers generated 49,392 pre-approval letters through LenderLogix’s QuickQual pre-approval platform, a decrease of 15% compared with the second quarter. The average number of pre-approved borrowers per loan officer decreased slightly to 28.5, down from 29 in the second quarter.

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Housing Wire

OCTOBER 21, 2024

In a high(er) rate environment, non-QM (non-qualified mortgage) lending continues to play an increasingly pivotal role. To explore how Acra Lending has adapted to these shifts, we sat down with Ryan Barrus, a key player in the company’s non-QM division. In this conversation, Ryan shares Acra Lending’s blueprint for broker growth, including insights on how Acra Lending navigated the pandemic, built relationships with referral partners, and developed tools that help brokers streamline non-QM

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Real Estate News

OCTOBER 21, 2024

The DANGER Report spelled out risks for MLSs, state and local Realtor associations, and NAR — which has weathered unprecedented challenges to its authority.

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Inman

OCTOBER 21, 2024

I started my real estate career as an agent 23 years ago. Today, I consider myself fortunate to have my dream job as a director of learning for a global real estate brand. I recently helped launch the CENTURY 21 International Leadership Academy to help real estate professionals increase their leadership capacity.

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Real Estate Agents 123

Real Estate News

OCTOBER 21, 2024

A case filed in Pennsylvania challenges membership rules and accuses associations of discriminatory treatment of minority real estate professionals.

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Real Estate 164

GoForrmz

OCTOBER 21, 2024

Originally published on 03/15/2017 Adaptability is essential for success in the rapidly growing construction industry As new digital platforms and software for construction emerge, it can be difficult to differentiate the key features and qualities that separate truly transformative platforms from the rest of the pack. Below we’ve outlined a few of the features and fields within the GoFormz platform that benefit construction management professionals and their teams.

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Real Estate News

OCTOBER 21, 2024

The defendants cite a lack of jurisdiction in the case, which alleges that NAR “controls competition” and accuses brokers of steering buyers away from listings.

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Brokerage Buyers 143

Inman

OCTOBER 21, 2024

Lawyers for NAR, HomeServices of America, RE/MAX, Anywhere and HSF Affiliates denied claims of a conspiracy to inflate commissions, arguing that Homie would have benefitted from the plot.

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Eyes on Housing

OCTOBER 21, 2024

Homeownership is an important voter issue for the upcoming election with both presidential candidates putting forth housing policies to tackle the housing affordability crisis. In a recent NAHB post, the national homeownership rate sat at 65%, but there are large disparities in homeownership when broken down by race. For Black/African American households, the homeownership rate.

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Housing Market Marketing 88

Inman

OCTOBER 21, 2024

Maurice Muhammad alleges a "monopoly" by NAR, the state Realtor association and the local MLS limits competition, inflates prices, and disproportionately affects minority brokers and agents.

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Realtors Agents Realty 96

Eyes on Housing

OCTOBER 21, 2024

Nearly 1.3 million tax returns filed for tax year 2023 utilized the Residential Clean Energy Credit (25D tax credit), according to the latest IRS clean energy tax credit statistics. Through May 23rd of the 2024 tax filing season for 2023 returns, almost 138 million tax returns had been filed with the IRS, which indicates that.

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Inman

OCTOBER 21, 2024

Jason Peteler of Revel Real Estate and Matthew Yim of Coldwell Banker only knew at first that an EV company had rented their listing for a few days as a filming location. They had no idea it would be the first home in which Tesla's Optimus Robot would be filmed.

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Real Estate Agents Marketing 85

Town & Country Residential Appraisals

OCTOBER 21, 2024

Buying a home is stressful enough without an appraisal throwing a wrench in the works. But here’s the good news: if your appraisal comes back lower than expected, there’s a way to challenge it. It’s called a Reconsideration of Value (ROV) , and it’s a tool that can save the deal, reduce buyer stress, and make real estate agents look like heroes. Click on the image to go straight to the source from the CFPB What’s an ROV, Anyway?

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Inman

OCTOBER 21, 2024

Richard Saghian, the founder of the California-based online fashion company Fashion Nova, has expanded his real estate portfolio with the purchase of two Miami Beach properties for $30 million, The Real Deal reported Wednesday. The acquisition includes a waterfront home at 5718 North Bay Road and a non-waterfront property at 5725 North Bay Road.

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Real Estate Marketing 85

BiggerPockets

OCTOBER 21, 2024

What if you could not only replace but make MUCH more than your W2 salary with real estate investing? Now, imagine you could do it all in just two years.

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Real Estate Investing 51

Inman

OCTOBER 21, 2024

Now operating as Century 21 1st Priority Realty, Duc Lu and his team will have access to the brand’s technology, marketing, lead generation and agent coaching tools and platforms. Lu plans to initially streamline internal operations at his brokerage before focusing on external growth.

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Realty Brokerage Tools Technology 85

Lamacchia Realty

OCTOBER 21, 2024

We are excited to announce that Laurie Howe Bourgeois has qualified for the 2024 Lamacchia Realty President’s Club by closing on 33 homes so far this year! Laurie has made President’s Club SIX TIMES including 2019 , 2020 , 2021, 2022 and 2023. Additionally, she became a member of the President’s Club ELITE in 2021, 2022 and 2023.

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Realty Agents Real Estate Clients 46

Inman

OCTOBER 21, 2024

Another worry for bond market investors is "quantitative tightening," the Fed's program to trim its massive holdings of government debt and mortgages.

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Mortgage Government Investors Marketing 91