Housing Wire

OCTOBER 12, 2023

A coalition of trade associations — including the Community Home Lenders of America (CHLA), National Association of Realtors (NAR), and Independent Community Bankers of America (ICBA) — on Thursday called on the Biden administration to reduce the historically large spread between the 30-year mortgage rates and 10-year Treasuries. The trade groups noted that the spread sits at over 300 basis points (bps) compared to the historic norm of about 150 bps.

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Mortgage Realtors Finance Lending 542

Real Estate News

OCTOBER 12, 2023

A respected team leader and speaker, Geha worked with giants Gino Blefari, Gary Keller and Glenn Sanford during his four-decade career.

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Real Estate 293

Housing Wire

OCTOBER 12, 2023

Today’s CPI report was good because it shows core inflation, which the Fed cares about, is trending in the right direction. The Fed feels much better today because of all the rate hikes they have done to get the Fed funds rate above the growth rate of inflation. Last year, CPI core inflation was running at 6.3%, and shelter inflation was still higher even though the data line was set to cool down.

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Construction Marketing Mortgage 476

Real Estate News

OCTOBER 12, 2023

Economic signals appear to be keeping rates elevated as they climb for a fifth straight week.

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Mortgage 267

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

Construction

Housing Wire

OCTOBER 12, 2023

Mortgage-rate-lock volume fell 20% in September, led by a combination of seasonal decline in purchase activity and rising interest rates, according to Optimal Blue ’s Originations Market Monitor report. September’s rate-lock decline continues a four-month trend of falling mortgage volumes, with month-over-month purchase locks down 20%, cash-outs down 17% and rate/term refinances down 18% in September.

Mortgage 471

Mortgage Marketing Buyers Finance 471

Housing Wire

OCTOBER 12, 2023

Though the home service industry is worth $500 billion, it remains a highly fragmented space occupied by a variety of players: independent contractors, platforms such as Angie , TaskRabbit , as well as white label concierge firms like LiveEasy. Vishwas Prabhakara has a new twist to offer. Through a membership system, his startup Honey Homes provides its clients, the homeowners, with the services of a dedicated, salaried handyman.

Development 459

Development Technology Clients Investing 459

Inman

OCTOBER 12, 2023

Although technology has its place, it simply can't compare with the human touch when it comes to marketing and running a real estate business. Broker Teresa Boardman differentiates the skills AI is good at from those that you can do better.

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Technology Real Estate Business Marketing 204

Housing Wire

OCTOBER 12, 2023

Sarah Wheeler: In the past you said that technology isn’t a differentiator, it’s just an equalizer. Do you still think that? Rich Weidel: Yes, and even more now that we’re seeing in this down cycle which technologies provide value and which are just an expense. It wasn’t that long ago that technology was going to change everything. If you go and look at headlines from 2013-2014 — everything was revolution and transformation and technology was going to lower costs.

Mortgage 448

Mortgage Technology Contracts Realtors 448

Inman

OCTOBER 12, 2023

Homebuyer demand for mortgages inched up slightly last week, as rates climbed to the highest level in more than two decades, according to the Mortgage Bankers Association's weekly survey.

Mortgage 197

Mortgage Marketing 197

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Real Estate

Housing Wire

OCTOBER 12, 2023

Customer engagement platform Total Expert ‘s customer intelligence and mortgage tech firm Polly ‘s product and pricing engine (PPE) will help California-based lender Mountain West Financial identify lending opportunities from its existing database. By deploying customer intelligence from Total Expert — a customer engagement platform for financial institutions — Mountain West Financial will provide automated alerts that notify its loan officers in real-time when a customer’s beh

Loan Officers 448

Loan Officers Modernization Lending Design 448

Inman

OCTOBER 12, 2023

Fostering a feedback culture sets the stage for greater collaboration and performance improvement across your organization. Luxury consultant Chris Pollinger offers the strategies you need to make it happen.

Construction 193

Construction Training Brokerage Agents 193

Housing Wire

OCTOBER 12, 2023

When we go through the brokerage valuation process, the product is Fair Market Value (FMV). This is essentially the home price that a willing homebuyer would pay a seller. Interestingly, though, FMV isn’t always the final purchase price in a lot of the deals out there. In mergers and acquisitions (M&A), nearly everything is negotiable, especially the purchase price.

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Sellers Buyers Brokerage Valuation 448

Inman

OCTOBER 12, 2023

According to Brad Inman, real estate pros are facing a host of game-changing challenges to the status quo all at the same time. How we navigate this moment will be remembered for decades.

Real Estate 190

Real Estate Brokerage Agents Marketing 190

Housing Wire

OCTOBER 12, 2023

Mortgage rates kept climbing for the fifth consecutive week, bringing average year-over-year rates 60 basis points higher. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year, fixed-rate mortgage averaged 7.57% as of Oct. 12. That’s up 8 basis points from 7.49% the previous week.

Mortgage 448

Mortgage Investors Housing Market Marketing 448

Eyes on Housing

OCTOBER 12, 2023

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter of 2023 posted a reading of 65, edging down 3 points from the previous quarter. While there is still demand for remodeling, some customers are pulling back on potential projects due to higher prices and increased interest rates. Even though remodeling spending has experienced some slow down over the.

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Marketing 189

Housing Wire

OCTOBER 12, 2023

Real estate investment trust Rithm Capital Corp. has increased its offer to acquire Sculptor Capital Management Inc. by 7.62% to $676 million amid competition from a group of investors and a dispute among the shareholders at the asset management firm. On July 24, Rithm said it struck a deal to acquire the New York-based company for $639 million, or $11.15 per Class A share.

Real Estate 448

Real Estate Investors Investing Business 448

Inman

OCTOBER 12, 2023

Knowing who you are and conveying your value with authenticity is an essential part of communicating with potential clients. The Agency's Rainy Hake Austin offers insights and strategies for making your marketing message resonate.

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Marketing Clients Agents 183

Housing Wire

OCTOBER 12, 2023

Bankrupt retail lender AmeriFirst Financial is seeking approval for a private sale of loans from a Delaware bankruptcy judge to pay off two warehouse lenders and fund restructuring costs. If approved, AmeriFirst’s retail and commercial loans worth more than $5 million will be sold to a non-QM lender Oaktree Funding Corp., Inc. , according to a motion filed by AmeriFirst and holding company Phoenix 1040 LLC earlier this month.

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Retail Legal Buyers Mortgage 435

Inman

OCTOBER 12, 2023

Have you started your strategic real estate business planning for 2024? Inman Connect's virtual event, Nov. 1-2, offers two days of streaming knowledge.

Real Estate 183

Real Estate Business Technology Brokerage 183

Housing Wire

OCTOBER 12, 2023

Metro Atlanta-based real estate broker and TikTok influencer Glennda Baker is making the leap to Coldwell Banker. Baker and her team of five agents , which serve the greater Atlanta market , were previously affiliated with Christie’s International Real Estate. “We’re thrilled to be partnering with a brand that shares so many of our same values,” Baker said in a statement.

Real Estate 435

Real Estate Realty Agents Marketing 435

Inman

OCTOBER 12, 2023

Today's real estate market can present an intimidating and emotional challenge to hopeful buyers and sellers. Mauricio Umansky shares strategies for helping educate and reassure them so that they can get their needs met.

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Buyers Real Estate Sellers Marketing 183

Housing Wire

OCTOBER 12, 2023

Wholesale lender The Loan Store launched a consumer rewards program designed to help mortgage brokers offer competitive mortgage rates. Buyers can save up to 40 basis points on any agency, government or non-qualified mortgage (non-QM) first-lien loans when working with a wholesale loan origination partner approved by The Loan Store, the Arizona-headquartered lender said.

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Lending Design Government Tools 435

Inman

OCTOBER 12, 2023

After a career as a retail home furnishings buyer in LA, find out how Terri Munselle transitioned to country club living and a new career in real estate.

Retail 179

Retail Real Estate Buyers Brokerage 179

Housing Wire

OCTOBER 12, 2023

As existing-home sales continue to slide and mortgage rates rise ever higher, all but eliminating any hope for refinance transactions, the title insurance industry is doubling down on technology. At the forefront, is artificial intelligence , or AI. At the American Land Title Association’s annual ALTA One conference , several title industry experts and analysts have broken down the hype, use cases and risks posed by using AI.

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Tools Technology Real Estate Agent Legal 435

Inman

OCTOBER 12, 2023

The feature, which is currently available only on Zillow's iOS mobile app, allows home shoppers to select a school district and then displays school attendance zone boundaries and homes available for rent or for sale within those boundaries.

Technology 148

Technology 148

Housing Wire

OCTOBER 12, 2023

The Consumer Price Index (CPI) increased 0.4% month over month and 3.7% year over year in September for the second straight month, the U.S. Bureau of Labor Statistics reported on Thursday. The inflation data comes on the heels of a stronger-than-expected September jobs report. In comparison, the CPI rose 0.6% in August and 0.2% in July. With the next FOMC meeting on Nov. 1, investors are trying to make sense of the steady September inflation data and its impact on the Fed ‘s next rate-hik

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Government Housing Market Contracts Insurance 434

Inman

OCTOBER 12, 2023

Despite all the talk of alternative revenue streams, Zillow's latest money-making strategy is raising the price of its agent-based lead-gen offering.

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Agents Technology 146

Housing Wire

OCTOBER 12, 2023

The Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) have reached two settlements totaling $23 million with consumer credit reporting agency TransUnion , stemming from issues related to its rental background check reports and alleged failure to honor security freeze and lock requests, respectively. TransUnion “failed to take steps to ensure the rental background checks that landlords use to decide who gets housing were accurate,” and “withheld, from renters, the nam

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Tenants Landlords Law Business 434

Inman

OCTOBER 12, 2023

The Atlanta-based broker is leaving Ansley Real Estate with Christie’s International and taking her team, known as "The Diamond Squad," along with her to Coldwell Banker Realty, Inman has learned exclusively.

Realty 144

Realty Real Estate Brokerage Agents 144

Eyes on Housing

OCTOBER 12, 2023

Consumer prices in September remained stable, with housing and gasoline cost continuing to be key drivers. Despite the slight annual slowdown, shelter costs remain elevated, accounting for over 70% of the total increase in all items excluding food and energy. The Fed’s ability to address rising housing costs is limited as shelter cost increases are driven by a lack of.

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Inman

OCTOBER 12, 2023

Join Melanie Klein and Emily Bossert for an impactful Inman Access class where they discuss how to navigate challenges with mindful responses to maintain professionalism.

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Agents 138

Mortgagebroker News

OCTOBER 12, 2023

RBC lays out a possible timeline for rates to begin falling

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