Housing Wire

OCTOBER 5, 2023

Fannie Mae on Thursday announced that its Desktop Underwriter (DU) system will include new changes to the maximum allowable loan-to-value (LTV) ratios for two- to four-unit, principal residence, purchase and limited cash-out transactions, as well as other updates to further align the system with recent changes to the Selling Guide. The new DU update will be rolled out to the system during the weekend of Nov. 18, the company said.

Renovations 476

Renovations Mortgage Finance Marketing 476

Real Estate News

OCTOBER 5, 2023

The average weekly mortgage rate leapt up again this week, and 8% "does not seem unlikely.

Mortgage 267

Mortgage 267

Housing Wire

OCTOBER 5, 2023

Mortgage rates kept climbing this week as spreads on the 10-year Treasury yield widened, reaching a 16-year high. 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 averaged 7.49% as of Oct. 5th, up 18 basis point from last week ’s 7.31%. By contrast, the 30-year fixed-rate mortgage was at 6.66% a year ago at this time.

Mortgage 476

Mortgage Modernization Government Investors 476

Real Estate News

OCTOBER 5, 2023

The FHFA's second quarter report found that home values increased the most in states that aren't typically thought of as hot markets.

Appraisal 230

Appraisal Home Value Marketing 230

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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 5, 2023

The real estate market in China, both commercial and residential, have been unwinding over the last few years. Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff. Following a pattern eerily similar to the U.S. in 2008 and 2009. Lax lending standards and cheap credit, plus a popular belief that real estate values never decline, created a massive bubble.

Real Estate 459

Real Estate Housing Market Marketing Investors 459

Housing Wire

OCTOBER 5, 2023

As Compass looks to strengthen its presence in Northern California , it is welcoming back a familiar face. The Robert Reffkin -helmed firm is welcoming back Bob Gerlach, who retired from the brokerage in 2021, according to an announcement on Wednesday. Gerlach is joining Compass as a sales manager supporting brokerage professionals in the Palo Alto market as part of the firm’s management team. “We’re seeing a lot of real estate professionals return to Compass after a short stint away

Brokerage 448

Brokerage Real Estate Agents Clients 448

Inman

OCTOBER 5, 2023

After four years with Side Real Estate, OWN Real Estate founder Wilson Leung has brought his team back to Keller Williams. OWN's 19 agents closed 80 transactions worth $107.1 million in 2022.

Real Estate 195

Real Estate Agents Brokerage 195

Housing Wire

OCTOBER 5, 2023

Industry-leading lender Movement Mortgage will become an “early adopter” of FICO Score 10 T, the updated credit scoring model designed to take advantage of trended data information to help expand mortgage approval rates. Movement will employ FICO 10 T “to analyze their non-conforming loans, in conjunction with the classic FICO Scores,” the company said in a joint announcement with FICO.

Mortgage 448

Mortgage Lending Finance Design 448

Inman

OCTOBER 5, 2023

Lender Price CEO Dawar Alimi breaks down the impact of AI on mortgage lending, how it's making it quicker and smarter and what's to come.

Mortgage 192

Mortgage Lending Technology Agents 192

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 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. Between the summer of 2019 to date, there have been at least 26 securitization deals backed by home equity products valued in total at some $6.1 billion, according to a review of bond-rating and industry reports.

Housing Market 448

Housing Market Marketing Contracts Finance 448

Inman

OCTOBER 5, 2023

Dana Cadena takes a deep dive into the latest industry trends and best practices and shares advice on how to rise above the noise and create opportunities in today's market.

Marketing 190

Marketing Agents 190

Housing Wire

OCTOBER 5, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Adam Carmel , founder and CEO at Polly , to talk about the ways technology should be delivering ROI for lenders. Sarah Wheeler: The cost to originate a mortgage is higher than ever, while companies have invested more in technology than ever before. What is the disconnect there? Adam Carmel: Since the great financial crisis there are certain things that lenders and banks have to spend money on today that have created more costs to their busi

Technology 448

Technology Lending Mortgage Business 448

Inman

OCTOBER 5, 2023

Palmquist joined eXp's Michael Valdes on stage to talk recruitment at ICLV over the summer. Now, he's taking his 30-member team to eXp as the brokerage's new director of growth for California.

Brokerage 187

Brokerage Realty Agents 187

Housing Wire

OCTOBER 5, 2023

The Asian Real Estate Association of America (AREAA) shared its annual “A-List” on Monday. Shirley Gary, Tracy Allen, Realty Group , and the Advanced Super Team ranked highest in AREAA’s real estate sales list, while Shashank Shekhar and Joanna Yu topped the loan originators rankings. When added-up together, the A-List honorees generated more than $15.4 billion in sales volume from 20,472 transaction sides in 2022.

Real Estate 448

Real Estate Real Estate Agent Loan Officers Realty 448

Inman

OCTOBER 5, 2023

It's not just how your marketing looks, it's how it performs. According to broker-owner Eric Bramlett, in performance marketing, results reign supreme.

Real Estate 183

Real Estate Marketing Agents 183

Housing Wire

OCTOBER 5, 2023

AI and data-led fintech company Pagaya Technologies named Sanjiv Das as president. Das, a former CEO of Caliber Home Loans , will begin his new role on Oct. 16. His responsibilities include overseeing the strategy and growth of Pagaya’s commercial business – including its single-family rental business and its subsidiary Darwin Homes – as it continues to enhance its tech-enabled product offering and expand its new and existing lending partnerships, the firm said in a news release.

Technology 435

Technology Real Estate Lending Investors 435

Inman

OCTOBER 5, 2023

Find out how The Agency North Vancouver's co-managing partners focus on collaboration and connection as they build their brokerage.

Brokerage 179

Brokerage 179

Housing Wire

OCTOBER 5, 2023

The No. 1 brokerage in the country by transaction side count is getting bigger. Troy Palmquist is bringing his team of nearly 30-agents at DOORA Properties over to eXp Realty from white-label firm Side. “Joining a new brokerage company can be both an exhilarating and nerve-wracking experience, but, it’s precisely this sense of venturing into the unknown that I’m excited about.

Realty 435

Realty Brokerage Agents Training 435

Inman

OCTOBER 5, 2023

While you want to do what’s best for your team, sometimes helping can hurt. New Inman contributor Beverly Jacobo offers insights for assisting agents without rewarding bad behavior.

Agents 179

Agents Brokerage 179

Housing Wire

OCTOBER 5, 2023

Families with children under 24 years old living at home recorded 35% of all predicted listings through July, according to The nSkope Predictive Analytics Report. The report reviewed nSkope’s January-April 2023 listings predictions and found 301,314 properties already converted to actual listings through the end of July. The nSkope Predictive Analytics Report reviewed 360 MSAs in the U.S.

Real Estate 435

Real Estate Marketing Inventory Brokerage 435

Inman

OCTOBER 5, 2023

Scott Degnan, California division president of Jason Mitchell Group, offers advice and insights on the advantages of working with a team.

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179

Housing Wire

OCTOBER 5, 2023

Sue Yannaccone and Sherry Chris are teaming up to launch Balance Blueprint , a new campaign from What Moves Her. Founded in 2020 by Yannaccone, who is the president and CEO of Anywhere Brands and Anywhere Advisors, What Moves Her is an advocacy organization with the goal of helping women in real estate develop their leadership skills and achieve their professional development goals.

Real Estate 433

Real Estate Development Realty Realtors 433

Eyes on Housing

OCTOBER 5, 2023

The share of homes with patios edged up to another record high last year. Of the roughly one million single-family homes started in 2022, 63.3% percent came with patios—up from 63.0% in 2021, and the seventh consecutive year of setting a new record. The source for these numbers is NAHB tabulation of data from the Survey of Construction (conducted by.

Construction 166

Construction 166

Housing Wire

OCTOBER 5, 2023

The implementation of more careful loan screening procedures has contributed to lower levels of risk for mortgage fraud. Mortgage application fraud declined 3.1% year-over-year in Q2 of 2023 compared to the second quarter of 2022, according to CoreLogic Mortgage Fraud Report. However, they increased slightly(+1.6%), from Q1 to Q2 2023. Overall, in the second quarter of 2023, 0.75% of all mortgage applications were estimated to contain fraud, it equates to about 1 in 134 applications.

Mortgage 432

Mortgage Real Estate Investors Clients 432

Inman

OCTOBER 5, 2023

Nearly 1 in 4 homes that were overpriced at listing will end up being delisted in the slower fall months, according to a new report.

New Listings 141

New Listings Sellers Housing Market Buyers 141

BiggerPockets

OCTOBER 5, 2023

Apartment brokers overprice properties all of the time—and get away with it. So what should you do about it?

Real Estate 95

Real Estate 95

Mortgagebroker News

OCTOBER 5, 2023

With more Canadians facing late-life divorce, there is a need for innovative financial solutions to help with the financial intricacies of this complex and emotional process

Mortgage 84

Mortgage 84

BiggerPockets

OCTOBER 5, 2023

Many real estate syndications are facing absolute failure in 2023.

Real Estate 92

Real Estate Investors Investing 92

Mortgagebroker News

OCTOBER 5, 2023

Broker licensing, options for struggling borrowers among leading topics at inaugural conference

Mortgage 83

Mortgage 83

Empire Appraisal Group

OCTOBER 5, 2023

What is a Date of Death Appraisal? A date of death appraisal, also known as a “valuation as of the date of death” is a type of real estate or personal property appraisal that determines the fair market value of assets as of the date a person passed away. This type of appraisal is typically required during the settlement of an estate, especially when there are assets that will be inherited by heirs or beneficiaries.

Appraisal 78

Appraisal Market Value Valuation Law 78

GoForrmz

OCTOBER 5, 2023

Prioritize cybersecurity with digital data capture solutions In today’s digital age, Information Security (InfoSec) is a paramount concern for organizations of all sizes. The constant evolution of cyber threats requires a proactive approach to safeguarding sensitive data, for both your organization and your customers. One essential component of a robust InfoSec strategy is digital data capture.

Tools 78

Tools Training Technology Business 78

BiggerPockets

OCTOBER 5, 2023

A 2024 recession looks a lot more likely than it did just a few months ago.

Marketing 59

Marketing 59