Housing Wire

MARCH 12, 2024

The CPI report came out Tuesday, and the headline number showed a 12-month inflation of 3.2%. The running average of CPI going back to 1914 has been 3.3%. So, what should we take away from this number, seeing that market participants are still worried about 1970s inflation and some don’t want to see any rate cuts this year? Fed presidents and others have cited the fear of 1970s-style entrenched inflation as a reason they hiked rates so fast and are being careful as they consider rate cuts.

Mortgage 514

Mortgage Supply Chain Investors Government 514

Real Estate News

MARCH 12, 2024

The association reported a fourth month of membership declines, with membership falling below 1.5 million for the first time in nearly three years.

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Housing Wire

MARCH 12, 2024

If a couple decides to dissolve their marriage, something that is often described as a “third character” in the proceedings is the couples’ home. Finding a way to divide a home can be financially and emotionally fraught. And it often takes on more significance than other items due to the home typically being a couple’s most valuable asset — and because of the complex emotions often intertwined with it.

Business 493

Business Mortgage Clients Finance 493

Real Estate News

MARCH 12, 2024

The brokerage said the program, which launched as a pilot in September, is “good for our customers, our agents and our growth as a brokerage.

Buyers 299

Buyers Brokerage Agents 299

Housing Wire

MARCH 12, 2024

The largest U.S. nonbank mortgage lenders continue to gain market share as the industry consolidates and a number of smaller players exit the space due to a lack of strong franchises to retain sufficient volume, Fitch Ratings reported Tuesday. Fitch expects additional consolidation in the industry as profitability remains constrained by a challenging origination environment.

Mortgage 488

Mortgage Marketing Retail Lending 488

Real Estate News

MARCH 12, 2024

Along with the acquisition, the companies unveiled a new solo agent suite called Lever by Movoto and said OJO products will now use the Movoto brand.

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Agents 290

Real Estate News

MARCH 12, 2024

A new NAHREP report shows that despite the tough market, Latinos found creative routes to homeownership in 2023, such as co-borrowing, but barriers remain.

Marketing 264

Marketing 264

Housing Wire

MARCH 12, 2024

The Consumer Price Index rose again in February, undermining confidence that inflation is sustainably moving back to the 2% target. Consumer prices in February were up 3.2% from a year earlier and up from 3.1% in January, according to data released by the Bureau of Labor Statistics on Tuesday. On a monthly basis, the index increased by 0.4% in February after rising 0.3% in January.

Government 472

Government Mortgage Marketing 472

Inman

MARCH 12, 2024

The acquisition will help OJO launch Lever by Movoto, which the company describes as an all-in-one technology platform for individual agents.

Technology 197

Technology Agents 197

Housing Wire

MARCH 12, 2024

A little over a month after formally relaunching homebuyer refunds under its Sign & Save program, Redfin announced that Sign & Save is now available to clients nationwide. In an announcement on Tuesday, the brokerage noted that it had expanded the program to more than a dozen additional markets, including Chicago, Los Angeles, Philadelphia, San Diego and San Francisco.

Real Estate 466

Real Estate Brokerage Agents Clients 466

The Appraiser Coach

MARCH 12, 2024

I want to talk today about something with which we are all familiar. I believe that we need to keep this in the forefront of our minds as business owners. This term is “opportunity cost.” The idea of opportunity cost is, “what are you missing out on when you do x ,” the idea here being that when you do activity x , you cannot also do activity y, m, z, q, etc.

Business 195

Business Appraisal Inspection Advertising 195

Housing Wire

MARCH 12, 2024

In anticipation of Tuesday’s inflation reading, mortgage rates eased compared to last week. HousingWire’s Mortgage Rate Center showed the average 30-year fixed rate for conventional loans at 7.08% on Tuesday, down from 7.17% one week earlier. At the same time one year ago, the 30-year fixed rate averaged 6.83%. Meanwhile, the 15-year fixed rate averaged 6.46% on Tuesday, down from 6.5% one week earlier.

Mortgage 459

Mortgage Inventory Marketing Finance 459

Inman

MARCH 12, 2024

Zillow Chief Economist Skylar Olsen said these markets are ideal cities for real estate investors to purchase properties in the coming years.

Real Estate 193

Real Estate Investors Marketing Investing 193

Housing Wire

MARCH 12, 2024

The White House this week submitted its fiscal year 2025 budget proposal to the House of Representatives and the Senate , outlining the priorities of the administration in providing a budgetary blueprint for the entirety of the U.S. federal government. Within the congressional justifications for the U.S. Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program.

Mortgage 453

Mortgage Insurance Training Government 453

Inman

MARCH 12, 2024

Nation's largest mortgage lender trims its servicing portfolio by nearly one-fourth, selling $70 billion in mortgage servicing rights for $941.2 million.

Mortgage 187

Mortgage 187

Housing Wire

MARCH 12, 2024

PureWest Christie’s International Real Estate , a Montana -based real estate brokerage, is expanding into northern Idaho , the firm announced on Tuesday. The brokerage , which is a longtime affiliate of Christie’s International Real Estate, is the largest independently owned brokerage in Montana. PureWest appointed broker-owner Paul Reizen to spearhead the launch of its new office in Sandpoint, Idaho, home to the Schweitzer Mountain ski resort and Lake Pend Oreille.

Real Estate 448

Real Estate Brokerage Agents Technology 448

Inman

MARCH 12, 2024

Lender Intelligence harnesses advanced data science and machine learning tools to give lenders a holistic view of their business and the wider competitive landscape.

Tools 183

Tools Mortgage Business Lending 183

Housing Wire

MARCH 12, 2024

San Diego-based lender Guild Mortgage lost money in 2023 but grew its market share through a focus on purchase mortgage originations, it reported in an earnings call on Tuesday. Similar to other major lenders, the purchase-focused Guild — which operates via a distributed retail model — reported a net loss of $39.1 million in 2023, compared to net income of $328.6 million in 2022.

Marketing 448

Marketing Retail Mortgage Investing 448

Inman

MARCH 12, 2024

SparkRental co-founder G. Brian Davis on why you need to balance your portfolio with a variety of investment styles and terms.

Investing 183

Investing Real Estate 183

Housing Wire

MARCH 12, 2024

Mortgage capital markets tech firm Polly rolled out its Lender Intelligence platform, which leverages data and analytics to drive margin expansion and cost reduction. The new platform will enable lenders to track their volume trends, see how their loan pricing compares to competitors and gain insights into loan origination profit margins, Polly stated.

Insurance 448

Insurance Technology Tools Mortgage 448

Inman

MARCH 12, 2024

Personal branding is more than just self-promotion, luxury consultant Chris Pollinger writes. It's about making a real difference in people's lives and inspiring them to live better.

Agents 177

Agents Marketing 177

Housing Wire

MARCH 12, 2024

Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations. The Blueprint Builder features more than 60 third-party integrations, allowing lending teams to connect with other pieces of their workflow, from credit and verifications to pricing and disclosures. Lenders can choose to integrate and configure many third-party services such as verification of asset, verification of employment/ verification of income , e-signing

Technology 447

Technology Retail Lending Design 447

Inman

MARCH 12, 2024

Fresh off of hosting "Saturday Night Live," the "Dune: Part 2" star has listed his Atlanta home for rent. Brolin purchased the property with his wife, Kathryn, in 2020.

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Housing Wire

MARCH 12, 2024

loanDepot greatly reduced its costs in 2023 while revenues were in free fall amid a contracting market. It wasn’t enough to bring the California-based lender company profitability, but it narrowed its losses. Operationally, loanDepot entered 2024 by dealing with a cyberattack that brought its systems down and a forecast for market conditions to improve.

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Legal Contracts Marketing Mortgage 446

Inman

MARCH 12, 2024

While many hope to launch a career in real estate, only a few have what it takes to go the distance, mega-team leader Carl Medford writes.

Real Estate 171

Real Estate Brokerage Agents 171

Housing Wire

MARCH 12, 2024

Austin-based real estate technology firm OJO is acquiring The LEAD Syndicate , a leverage platform for real estate professionals, according to an announcement on Tuesday. The financial terms of the deal were not disclosed. The LEAD Syndicate was founded by Nikki Miller, who will join OJO in an undisclosed role. The two firms are coming together to launch Lever by Movoto , OJO’s industry-facing platform.

Real Estate Agent 443

Real Estate Agent Real Estate Agents Training 443

Inman

MARCH 12, 2024

As mortgage rates soared last year, loanDepot saw 2023 loan origination volume plunge by 58 percent from the year before, to $22.7 billion.

Mortgage 169

Mortgage 169

GoForrmz

MARCH 12, 2024

Originally published on 05/19/2016 Elevate your HVAC business processes with digital data collection and mobile forms In today's fast-paced world, the HVAC industry is increasingly turning to mobile technology to streamline operations and enhance customer experiences. With the rise of smartphones and tablets, HVAC professionals now have access to powerful mobile forms that can revolutionize the way they do business.

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Clients Project Management Business Contracts 148

Inman

MARCH 12, 2024

By focusing on creating valuable content that resonates with your audience, David Marden writes, you can set yourself apart from the competition.

Real Estate 167

Real Estate Agents Marketing 167

Eyes on Housing

MARCH 12, 2024

Consumer prices in February saw another uptick, primarily fueled by the increases in shelter and gasoline prices, which contributed to over 60% of the total increase. Despite a slowdown in the year-over-year increase, shelter costs continue to put upward pressure on inflation, accounting for roughly two-thirds of the total increase in all items excluding food.

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Inman

MARCH 12, 2024

EXp Realty paid $232.6 million in revenue share and equity benefits to agents and brokers in 2023, according to the company's annual program update published mid-Monday. The lion's share of the payouts — $197.9 million — came from revenue share. The remaining $34.7 million came from 2.2 million EXPI stock shares.

Realty 167

Realty Agents Brokerage 167

BiggerPockets

MARCH 12, 2024

Want to know how to buy your first rental property? You’ve come to the right place!

Real Estate 91

Real Estate Investing 91

Inman

MARCH 12, 2024

Inflation rose 0.4 percent in February to an annual rate of 3.2 percent, with shelter and gas costs contributing substantially to the uptick, according to the the Bureau of Labor Statistics' Consumer Price Index.

Marketing 167

Marketing 167

Mortgagebroker News

MARCH 12, 2024

RBC report shows continued challenges with affordability

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