Housing Wire

SEPTEMBER 9, 2024

The mortgage industry has complained loudly and often that government regulation and investor requirements are contributing to spiraling costs that get passed on to consumers. And Rohit Chopra , the hard-charging director of the Consumer Financial Protection Bureau , who is often the target of such complaints, apparently agrees. At least when it comes to redundancies with refinancings, that is. “We really think closing costs can be a significant obstacle to refinancing,” Chopra said

Mortgage 420

Mortgage Law Technology Investors 420

Appraisal Buzz

SEPTEMBER 9, 2024

The Five Star Conference 2024 is right around the corner! Set for September 24-26 at the OMNI Hotel in Dallas, the list of scheduled speakers, educational offerings, and networking opportunities continues to grow, offering something for all in the mortgage finance marketplace. At the FORCE Rally , attendees will be presented with relevant content, top-tier speakers, and exclusive insight so attendees can take their business to the next level amidst an unpredictable and tumultuous economic landsc

Agents 415

Agents Realty Brokerage Government 415

Housing Wire

SEPTEMBER 9, 2024

Better Home & Finance Holding Co. , the parent of digital lender Better.com , rolled out its Federal Housing Administration (FHA) streamline refinance program on Monday. The product is available for qualified borrowers with an existing FHA loan who are looking to lower their monthly mortgage payment, reduce their interest rate, shorten their loan term or get out of an adjustable-rate mortgage (ARM), the company explained.

Finance 402

Finance Insurance Investors Mortgage 402

Appraisal Buzz

SEPTEMBER 9, 2024

Redfin has reported that following revisions to industry rules required by the National Association of Realtors lawsuit settlement , commission negotiations have grown more regular in certain markets and at higher price points. The analysis centers on in-depth interviews conducted nationwide with numerous Redfin agents regarding the reactions of sellers and buyers to the changes.

Sellers 397

Sellers Buyers Agents Advertising 397

Housing Wire

SEPTEMBER 9, 2024

Why is homeowners insurance so expensive in the Upper Midwest? The growing prevalence of extreme weather events and the high cost of construction are pushing property insurers to significantly raise their prices , even in places you might not expect. This is according to an article published by the Federal Reserve Bank of Minneapolis , citing data from S&P Global showing as much as a 34% increase in homeowner’s insurance premiums nationwide over a period of seven years.

Insurance 371

Insurance Construction Technology Investing 371

Appraisal Buzz

SEPTEMBER 9, 2024

Although there was little change in the general sentiment of homebuyers, the Fannie Mae Home Purchase Sentiment Index (HPSI) rose 0.6 points to 72.1 in August as consumers expressed far higher optimism about the future direction of mortgage rates. A study conducted in August revealed that 39% of consumers, up from 29% the month before, anticipated a decrease in mortgage rates over the next 12 months.

Construction 387

Construction Mortgage Inventory Sellers 387

Appraisal Buzz

SEPTEMBER 9, 2024

In a comment letter to the Federal Housing Finance Agency (FHFA), the Council of Federal Home Loan Banks commended the critical role that Federal Home Loan Banks (FHLBanks) play in supporting the health of their members and the U.S. financial system. It noted that the FHLBanks are fulfilling their mission as laid out in the statute, reflecting the intent of Congress, and are providing significant benefits to their members, to consumers, and to the broader financial system.

Development 221

Development Finance Insurance Housing Market 221

Housing Wire

SEPTEMBER 9, 2024

Presale renovation firm Revive has made its artificial intelligence -powered property valuation tool available to everyone, according to an announcement on Thursday. Previously, the Revive Vision AI platform was only available to registered real estate agents. “Making Revive Vision AI available to anyone marks a new era in property valuation, where agents and consumers alike can access real-time, data-driven insights to make informed decisions to maximize the value of a home,” Dalip Jaggi,

Valuation 359

Valuation Tools Renovations Real Estate Agent 359

Real Estate News

SEPTEMBER 9, 2024

A Fannie Mae survey found that despite sour attitudes about homebuying, there’s hope that rates and prices will decline — and a geographic divide over selling.

Mortgage 258

Mortgage 258

Housing Wire

SEPTEMBER 9, 2024

Miami stands as one of the most dynamic and valuable real estate markets in the United States. While not yet reaching the trillion-dollar mark, Miami ‘s total real estate value, including both residential and commercial properties, was estimated at approximately $650 billion as of 2023, according to the Miami Association of Realtors. This places Miami among the top-tier real estate markets in the country, attracting both local and international buyers and driving intense competition among

Real Estate 345

Real Estate Agents Marketing Real Estate Agent 345

Appraisal Buzz

SEPTEMBER 9, 2024

The Federal Housing Finance Agency (FHFA) has released an online risk analysis tool that provides geographic estimates for physical risks from various types of natural disasters, as well as nationwide data on housing and the mortgage market. The tool – known as the Mortgage Loan and Natural Disaster Dashboard – is intended to give stakeholders better insight into which areas of the country are most likely to incur greater damages from hurricanes, flooding, wildfires and other types of natural h

Tools 195

Tools Mortgage Finance Development 195

Housing Wire

SEPTEMBER 9, 2024

The Community Home Lenders of America (CHLA) on Monday submitted a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra , urging the agency to balance the time frame and processes of loss mitigation in its revisions to Regulation X proposed in July. The proposals require mortgage servicers to emphasize borrower assistance and loss-mitigation options over foreclosure when homeowner struggles to make their required mortgage payments.

Law 343

Law Lending Mortgage Marketing 343

Appraisal Buzz

SEPTEMBER 9, 2024

The Fannie Mae Home Purchase Sentiment Index increased 0.6 points in August to 72.1, as consumers reported significantly greater optimism about the future direction of mortgage rates despite showing little change in overall homebuying sentiment. In August, a survey-high 39% of consumers said they expect mortgage rates to decline in the next 12 months, up from 29% the month prior.

Mortgage 195

Mortgage Inventory Housing Market Development 195

Housing Wire

SEPTEMBER 9, 2024

Publicly traded real estate software firm reAlpha Tech Corp. added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. reAlpha agreed to pay Be My Neighbor an aggregate purchase price of up to $6 million. This consists of $1.5 million in cash paid on the closing date, $1.5 million in restricted shares of the company’s common stock (or 1.15 million shares of restricted common stock for $1.31 per share) and up to $3 million in potential earn-

Brokerage 343

Brokerage Mortgage Real Estate Renovations 343

Real Estate News

SEPTEMBER 9, 2024

The brokerage will be offering its Redfin Next commission-split plan to agents in all markets starting Oct. 27, a year after it unveiled the pilot program.

Brokerage 205

Brokerage Agents Marketing 205

Housing Wire

SEPTEMBER 9, 2024

Roughly a year after launching its new agent payment plan, Redfin has announced that it is expanding Redfin Next to agents nationwide, according to an announcement on Monday. Beginning Oct. 27, all Redfin agents who enroll in the plan will earn commission splits of up to 75%. They will also have nearly all of their business expenses covered, along with receiving technology, support and benefits from Redfin.

Agents 329

Agents Real Estate Brokerage Technology 329

Inman

SEPTEMBER 9, 2024

Ranchers turned real estate advisors offer unmatched expertise in land and ranch sales, expertly navigating complex transactions with deep knowledge of regulations, natural resources and property nuances.

Real Estate 178

Real Estate 178

Housing Wire

SEPTEMBER 9, 2024

The Top Agent Network (TAN) pocket listing antitrust lawsuit is on track to have its day in court — and that day will be Nov. 3, 2025. U.S. District Court Judge Vince Chhabria in San Francisco set the November 2025 trial date on Friday during a case management hearing. Originally filed in 2020 by TAN, the suit takes aim at the National Association of Realtors ’ (NAR) ban on pocket listings via its Clear Cooperation Policy.

Agents 320

Agents Realtors Real Estate Marketing 320

Eyes on Housing

SEPTEMBER 9, 2024

Although rent control policies do, in fact, produce lower rents in the controlled units as intended, these policies also have a number of unintended and undesirable consequences, according to a recently published review of the academic literature. Among the unintended consequences are a reduced supply of housing, higher rents in uncontrolled units, reduced quality in.

172

172

Housing Wire

SEPTEMBER 9, 2024

Homeowners insurance costs are higher now than they have typically been , which has the potential to hit those living on a fixed income particularly hard. This could be one reason why a local NBC -TV affiliate in New Orleans is reporting that more of the community’s seniors are turning to reverse mortgage products as they seek financial relief. Alison Calamia, a reverse mortgage specialist with America’s Mortgage Resource — which is licensed in the states of Louisiana and Mississippi — told KPLC

Insurance 281

Insurance Mortgage Clients Finance 281

Inman

SEPTEMBER 9, 2024

While most reported normal activity in the weeks after the commission rules took effect, some saw an uptick in listing clients refusing to pay buyers' fees, new Inman Intel Index results show.

Business 169

Business Clients Agents Buyers 169

D Fritz Appraisals

SEPTEMBER 9, 2024

How to Break Into the BC Housing Market Breaking into the real estate market in British Columbia is not easy. With soaring prices, stiff competition, and constantly shifting market conditions, maximizing first-time homebuyers’ purchasing power has become critically important. At D. Fritz Appraisals Inc. we strive to make the process of purchasing or selling a home less stressful for our clients by providing timely and accurate appraisals that can assist with making sound real estate decisions.

Real Estate 107

Real Estate Appraisal Housing Market Property Appraisal 107

Inman

SEPTEMBER 9, 2024

The NBA superstar’s Highland Park estate at 2700 Point Drive was first listed for $29 million in 2012. By 2014, the price had dropped to $16 million, and it is now on the market for $14.8 million.

Marketing 156

Marketing 156

BiggerPockets

SEPTEMBER 9, 2024

Redfin once published data that showed for every 1% increase in tech workers in their sample of cities, there was an average 0.49% increase in home prices.

Real Estate 81

Real Estate Housing Market Marketing 81

Inman

SEPTEMBER 9, 2024

Find out how to lead with safety in every transaction and protect buyers, sellers, FSBOs and yourself from crime with security specialist Tracey Hawkins.

Realtors 165

Realtors Clients Sellers Buyers 165

BiggerPockets

SEPTEMBER 9, 2024

There's no "fast track" to financial freedom, but with careful steps and a goal, it's certainly possible to do it in five years.

Real Estate 82

Real Estate 82

Inman

SEPTEMBER 9, 2024

Worrying won't keep you safe, security expert Robert Siciliano writes. However, clear-eyed assessment of potential risk factors and common-sense precautions just might.

Agents 153

Agents 153

Mortgagebroker News

SEPTEMBER 9, 2024

Canadian investors remain active in US market, despite slowdown in foreign activity

Real Estate 78

Real Estate Buyers Investors Marketing 78

Inman

SEPTEMBER 9, 2024

The power buyer CEO also weighs in on whether traditional iBuyers will ever see their Goldilocks moment and turn a regular profit.

Buyers 175

Buyers Real Estate Brokerage Agents 175

Mortgagebroker News

SEPTEMBER 9, 2024

Loan loss provisions are still climbing – but Big Six growth opportunities remain

67

67

Inman

SEPTEMBER 9, 2024

Since hitting a June 21 low of $1.33, shares in the flat-fee real estate brokerage are up 125 percent as the company continues to add agents and pursue plans to expand operations to all 50 states and Canada.

Agents 145

Agents Brokerage Real Estate Lending 145

BiggerPockets

SEPTEMBER 9, 2024

Are high interest rates and large down payments stopping you from investing in real estate? If so, creative finance might be precisely what you need.

Real Estate 48

Real Estate Finance Investing 48

Inman

SEPTEMBER 9, 2024

Are we working to live or living to work? Rachael Hite says you have to safeguard your mind, body and spirit to build a professional legacy that lasts.

Agents 155

Agents 155

Mortgagebroker News

SEPTEMBER 9, 2024

Canada’s best mortgage lenders strengthen broker partnerships by adapting to market needs and embracing tech

Mortgage 49

Mortgage Marketing 49