Housing Wire

NOVEMBER 13, 2023

Mr. Cooper Group became the target of at least four consumer class-action lawsuits after disclosing a cyberattack at the end of October when customer information was compromised and the company shut down certain systems. On Oct. 31, the Dallas-based servicer and lender said it had experienced a cybersecurity incident with an unauthorized third party accessing certain portions of its technology systems and customer data.

Legal 544

Legal Law Contracts Technology 544

Real Estate News

NOVEMBER 13, 2023

NAR’s annual Profile of Home Buyers and Sellers report revealed higher down payments, as more people reported living with friends or family before purchasing.

Sellers 260

Sellers Buyers 260

Housing Wire

NOVEMBER 13, 2023

Ready to begin a flexible, fulfilling career in real estate in the Sunshine state? We’ll help you find the best real estate schools in Florida to complete the required 63 hours of study. In Florida, getting licensed as a real estate agent begins with the completion of an approved 63-hour Sales Associate prelicensing course. There are so many Florida real estate schools to choose from, offering everything from self-paced online courses to in-person classes to fulfill your education requirements.

Real Estate 468

Real Estate Real Estate Agent Agents Law 468

Real Estate News

NOVEMBER 13, 2023

Collabra adds MLS visionary to its board, CoreLogic launches AR-powered tool for appraisers, LeadingRE adds BoxBrownie.

Tools 212

Tools Appraisal 212

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

NOVEMBER 13, 2023

Big Four title firm Old Republic is selling its mortgage insurance business to Arch Capital Group Ltd., according to an announcement on Monday. As part of the $140 million transaction, Arch will acquire all of the capital stock of Old Republic’s wholly owned subsidiary RMIC Companies Inc., and its wholly-owned subsidiaries that together comprise Old Republic’s run-off mortgage insurance business.

Insurance 459

Insurance Mortgage Business Development 459

Housing Wire

NOVEMBER 13, 2023

Affordability headwinds continued in the mortgage industry with mortgage rate lock volume remaining virtually flat in October. Both purchase and refinance volumes continued to wane in the face of the highest mortgage rates in over two decades, according to Optimal Blue’ s originations market monitor report. Rate-lock-dollar volume was also flat in October, ticking up 0.5% month over month.

Mortgage 459

Mortgage Investors Marketing Business 459

Inman

NOVEMBER 13, 2023

Former arbitrage trader, current team leader and new Inman contributor Jen Berbas speaks to the vital due diligence role real estate professionals play for consumers, even after Sitzer et al.

Agents 197

Agents Real Estate Brokerage Marketing 197

Housing Wire

NOVEMBER 13, 2023

Home prices keep moving up, offering few signs of relief to cash-strapped homebuyers. More than 80% of U.S. metro markets saw price gains in the third quarter of 2023, according to the National Association of Realtors ’ latest quarterly report. That’s 182 of the total 221 metro markets studied. Among the metros tracked, 11% registered double-digit price increases in the third quarter, up from 5% in Q2.

Inventory 459

Inventory Realtors Housing Market Marketing 459

Inman

NOVEMBER 13, 2023

Speaking at an IMF research conference, Powell said the Fed is committed to raising rates as high as needed to bring inflation down, and "we are not confident that we have achieved such a stance.

Mortgage 193

Mortgage Agents Marketing 193

Advertiser: Trellis

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Real Estate

Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If the costs associated with homeownership and buying a home at a macro level is coming into question, it is hard to imagine that, that doesn’t bleed into settlement services,” Frasier said. “The same dynamics that are questioning the value [and costs] of a Realtor, regardless of which side of the transaction they are on, are going to lead to questions for all othe

Insurance 448

Insurance Real Estate Agents Real Estate Agent 448

Inman

NOVEMBER 13, 2023

Erik Carlson comes to RE/MAX Holdings in the wake of Adam Contos' departure. He also joins the company at a tumultuous time for the real estate industry.

Real Estate 193

Real Estate Brokerage Mortgage 193

Housing Wire

NOVEMBER 13, 2023

The automated phone systems and website of lender and servicer Mr. Cooper are running again following a cybersecurity incident that forced the company to lock down certain technology systems. On Oct. 31, the company suffered a cyberattack that disrupted loan payments. Mr. Cooper restarted servicing operations on Nov. 4 by taking customer calls and payments, remitting to investors and onboarding new loans.

Investors 448

Investors Technology Business Mortgage 448

Inman

NOVEMBER 13, 2023

Broker Cara Ameer writes that, from a leaky icemaker to a stellar professional reputation, the work of a buyer agent can make or break a home purchase.

Buyers 190

Buyers Agents Brokerage 190

Housing Wire

NOVEMBER 13, 2023

Fifteen years ago, the TARP bailout bill was signed into law. $700 billion in taxpayer funds were authorized to help stabilize the economy in free fall in the wake of the Lehman bankruptcy and a mortgage market meltdown. The original plan — to buy up troubled mortgage assets — was quickly abandoned in favor of actions like capital infusions for banks and the bailout of our auto companies.

Tools 446

Tools Development Mortgage Law 446

Inman

NOVEMBER 13, 2023

The National Association of Realtors' NAR NXT Conference is gearing up for a week in Anaheim, California. Here's a rundown of the schedule plus the sessions and events you can't afford to miss.

Realtors 190

Realtors 190

Housing Wire

NOVEMBER 13, 2023

After a nearly two-year search, RE/MAX Holdings , the parent company of brokerage firm RE/MAX , has found its new CEO. The board of directors has appointed Erik Carlson to CEO, effectively immediately, according to an announcement on Monday. Carlson has most recently served as president and CEO of DISH Network Corporation , where he has worked since 1995. “Erik is the ideal executive to take over as the new RE/MAX Holdings CEO, having excelled in various operational, customer-centric and s

Brokerage 435

Brokerage Real Estate Agent Real Estate Realtors 435

Inman

NOVEMBER 13, 2023

This week, Sue 'Pinky' Benson explains the three things real estate agents should be doing on their Instagram Stories.

Real Estate Agent 183

Real Estate Agent Real Estate Agents Marketing 183

Housing Wire

NOVEMBER 13, 2023

In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” Regardless of the specific LOS in use, this feeling seems pervasive among lenders, and the dissatisfaction stems from lenders’ desire to deliver more digitally driven, bespoke borrower experiences. In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do.

Technology 435

Technology Design Lending Real Estate Agent 435

Inman

NOVEMBER 13, 2023

It’s the myriad of tech solutions and their overlap that causes time-sucks and frustration, and you pay for it (on auto-renew). This kind of tech stack stifles productivity, creates data silos, puts out a bad experience for your clients and consumers, and mercilessly beats down your bottom line.

Tools 179

Tools Technology Brokerage Clients 179

Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. The report is an annual survey of homebuyers and sellers who closed transactions between July 2022 and June 2023.

Real Estate Agent 435

Real Estate Agent Real Estate Agents Sellers 435

Inman

NOVEMBER 13, 2023

The median household income of the typical United States homebuyer jumped 22 percent between 2022 and 2023.

Realtors 179

Realtors Marketing 179

Housing Wire

NOVEMBER 13, 2023

Fathom Holdings is the latest brokerage to make a significant C-Suite change. The firm announced Monday that it has appointed its current president and chief financial officer Marco Fregenal as CEO. Fathom confirmed that current CEO and company founder Joshua Harley , who is stepping down from the role and giving up his seat on the board of directors for “family reasons,” endorsed the succession plan. “It is my honor to announce that Marco Fregenal will be stepping into the role of CEO to

Brokerage 435

Brokerage Agents Business Marketing 435

Inman

NOVEMBER 13, 2023

Whiteside, who has been with the company for five years, will stay with eXp until Dec. 1 to aid in the transition.

Realty 179

Realty Brokerage 179

Housing Wire

NOVEMBER 13, 2023

I recently read editorials and articles by such esteemed publications as The Economist , Entrepreneur Magazine , and The Wall Street Journal concerning the antitrust real estate commission lawsuits. Here are some of the highlights: In Entrepreneur, the writer states, “…the court ruling (Sitzer) could lead to a decrease in the average home price in the U.S. by 1% to 2% just by cutting the commission paid to buyer’s agents.

Real Estate 375

Real Estate Realtors Agents Buyers 375

Inman

NOVEMBER 13, 2023

Navigating the current housing market requires a unique set of skills, strategies and resources to set your clients up for success. Watch as Offerpad dives into the power of cash offers and how real estate professionals can use them to provide a competitive advantage.

Real Estate 179

Real Estate Housing Market Clients Marketing 179

Eyes on Housing

NOVEMBER 13, 2023

During the third quarter of 2023, availability of loans for residential Land Acquisition, Development & Construction (AD&C) continued to tighten, according to both NAHB’s survey on AD&C Financing and the Federal Reserve’s survey of senior loan officers. Each of the surveys produces a net easing index that is positive when credit is easing and negative when credit is tightening.

Loan Officers 177

Loan Officers Construction Finance Development 177

Inman

NOVEMBER 13, 2023

"Door open" to Harley's return after he relinquishes leadership roles, citing family reasons. Longtime CFO Marco Fregenal takes over as CEO and independent director Scott Flanders as board chair.

Realty 179

Realty Brokerage Mortgage 179

Real Estate News

NOVEMBER 13, 2023

Erik Carlson replaces interim CEO Steve Joyce as the leader of the company's real estate brokerage and mortgage divisions.

Brokerage 144

Brokerage Real Estate Mortgage 144

Inman

NOVEMBER 13, 2023

Sisters Amy Chorew and Maeda Palius offer tips and the latest insights so you can find out what you need to know to optimize the deductions on your 2023 taxes and plan ahead for next year's return.

Agents 179

Agents Marketing 179

BiggerPockets

NOVEMBER 13, 2023

Since the early days of the pandemic, buyers have been moving in droves across the country. Here's what the latest data says about their choices now.

Buyers 93

Buyers Real Estate 93

Inman

NOVEMBER 13, 2023

David Charron joins Collabra's board as the real estate technology and analytics company makes a bid to partner with more multiple listing services.

Technology 174

Technology Real Estate Realtors 174

BiggerPockets

NOVEMBER 13, 2023

WeWork's collapse earlier this month may have been foreseen, but it doesn't change the challenging dynamic happening in the industry.

Real Estate 93

Real Estate 93