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In its 9th year, the HousingWire Vanguards award offers a definitive list of the top leaders in housing who are shaping the housing economy for the better. The forward-thinkers and trailblazers who are shaping the industry through their unwavering commitment, transformative ideas and steadfast dedication to driving growth and positive change. This year, 100 honorees were selected for their outstanding leadership in the midst of market volatility.
The Federal Housing Finance Agency (FHFA) Director Sandra Thompson said Wednesday that the agency is working to provide more clarity on its framework and use alternatives amid a spike in Fannie Mae and Freddie Mac ‘s loan buybacks. The GSEs’ loan buybacks have been one of the top complaints among mortgage lenders in a near 8% mortgage rate environment.
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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.
The country’s top lender, United Wholesale Mortgage (UWM), raised agency conforming loan limits to $750,000 following other firms’ moves ahead of the Federal Housing Finance Agency ’s (FHFA) decision expected next month. UWM will honor expected limits for conventional and VA loans locked starting Oct. 11, the company said on Wednesday. This represents a 3.2% increase from the current loan limit of $726,200.
A dictionary definition of “adjust” is: “alter or move (something) slightly in order to achieve the desired fit, appearance, or result.” When I “carefully” pick some comps, I use my judgment to need as little fudging as possible. But it never seems to work out just right. There are three practices to adjust the fudging: […] The post Just Adjust Pt 2 appeared first on George Dell, SRA, MAI, ASA, CRE.
A dictionary definition of “adjust” is: “alter or move (something) slightly in order to achieve the desired fit, appearance, or result.” When I “carefully” pick some comps, I use my judgment to need as little fudging as possible. But it never seems to work out just right. There are three practices to adjust the fudging: […] The post Just Adjust Pt 2 appeared first on George Dell, SRA, MAI, ASA, CRE.
PNC Bank issued pink slips to an undisclosed number of employees this week as part of its focus on controlling costs. “As part of our strong focus on expense management, we have reviewed our organizational structure and have identified an opportunity to better position our company for long-term success. This includes a shift away from work not fully aligned to our strategic priorities and will result in a reduction in staffing levels in certain areas,” the company’s spokesperson said in an emai
From mediocre manager to legendary leader, these strategies from luxury real estate consultant Chris Pollinger will help you take your real estate business to the next level.
CEDAR CREEK, Texas — Natural disasters are becoming more severe and more frequent. So far in 2023, 24 billion-dollar natural disasters have struck the United States, according to data from the National Centers for Environmental Information at the National Atmospheric and Oceanic Administration (NOAA). This marks the all-time highest number of natural disasters causing $1 billion or more in losses in a year — and the year isn’t even over yet.
Long critical of the lack of real estate commission transparency, watchdog group Consumer Federation of America released steps for creating a competitive landscape around agent commissions.
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.
CEDAR CREEK, Texas — Real estate investment trust Rithm Capital Corp.’s $720 million acquisition of Computershare Mortgage Services Inc. allows the company to improve its fee-based income as the deal includes the purchase of Specialized Loan Servicing LLC (SLS). “The SLS platform for us is very much the focus as to how we think about fee-based income and third-party business,” Baron Silverstein, president at NewRez , a subsidiary of Rithm, said on Wednesday afternoon during the HousingWire
Following Rocket's lead, UWM and Guaranteed Rate say they'll price mortgages of up to $750,000 as if they're eligible for purchase by Fannie Mae and Freddie Mac in anticipation of expected 2024 increases.
loanDepot ‘ s CEO and president Frank Martell said the mortgage market will remain challenging in 2024. Still, the company is working to make money and, when the market turns, accelerate growth in a profitable, sustainable way. To get there, Martell said loanDepot is still committed to its Vision 2025 plan, announced three months following his arrival to the company last year.
Even with the best processes in place, things can go wrong. Darryl Davis uses his own real-life experience to help you learn how to handle the unexpected with grace and efficiency.
When Thaddeus, the American Land Title Association’s eagle mascot, landed in Colorado Spring at The Broadmoor Hotel after a month-long virtual journey across the country from Washington, D.C., he did so with a new look. Thaddeus’ makeover is part of an overall rebrand of ALTA , which was unveiled Wednesday morning at the start of the trade group’s annual ALTA One conference.
Next week's long-anticipated Sitzer/Burnett commission trial is only the most immediate threat to real estate's most powerful trade organization as it navigates a series of existential challenges.
Leading property data and analytics company CoreLogic ’s newly launched digital mortgage platform (DMP) aims to streamline the mortgage process and improve efficiency for lenders. DMP integrated Roostify’s digital mortgage solution with CoreLogic’s property data and workflow capabilities to offer a comprehensive digital mortgage experience, the firm said in a release on Wednesday.
Understanding the strengths of your team and empowering them through your management style are essential elements for organizational success. Brand new Inman contributor and consultant Kelly Rae White offers strategies that can make all the difference in your outcomes.
Federal Reserve policymakers saw eye to eye that policy should remain restrictive for some time but were divided on whether inflation was high enough to bring the target federal funds rate down to the 2% target in their September meeting. “A majority of participants judged that one more increase in the target federal funds rate at a future meeting would likely be appropriate, while some judged it likely that no further increases would be warranted,” minutes of the Federal Open Market Committee (
The Agency's CEO made a significant recovery from his fumbling performance the week prior as he delivered a comeback foxtrot that had judges singing the praises of his "suavecito" moves.
As the 30-year, fixed-rate mortgage hit 7.67% for the week ending Oct. 6, mortgage applications remained near historic lows. However, an uptick in adjustable-rate mortgage (ARM) applications edged total applications up slightly. Mortgage applications picked up 0.6% for the week ending Oct. 6, compared to the week prior, according to weekly mortgage application data from the Mortgage Bankers Association (MBA).
In a new study, NAHB uses the 2021 American Housing Survey (AHS) to investigate the characteristics of recent home buyers, defined as households who purchased homes in the two years preceding the date the 2021 AHS was conducted. According to this criterion, roughly 10.2 million households recently bought and moved to a new home. The study focuses on two important.
Dovish remarks from Fed policymakers help ease fears of more rate hikes, bringing yields on benchmark 10-year Treasury notes back to where they were at the beginning of October.
Per the Mortgage Bankers Association’s (MBA) survey through the week ending October 6th, total mortgage activity increased 0.6% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose 14 basis points to 7.67%. The FRM rate has increased 40 basis points over the past month to its highest level since 2000. The Market Composite Index, a measure.
RaaShaun Casey, host of the syndicated iHeartRadio show "The Breakfast Club," is accused of promoting pal Cesar Pina's home-flipping venture, frequently in distressed areas of New Jersey.
Maegan Sherlock, senior research analyst for John Burns, spoke with Intel about the results of the firm's latest household sentiment survey: "I was hoping to see a new 'magic' mortgage rate.
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