Housing Wire

FEBRUARY 21, 2024

Earlier this month, real estate investment management firm Pretium Partners raised $1 billion to acquire build-to-rent homes, bringing its total investment in the sector to $2.5 billion. The investment was needed to chip away at a pronounced national housing shortage caused by “decades of under-building and under-investment,” according to Josh Pristaw, Pretium’s head of real estate.

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Investors Construction Real Estate Inventory 493

Real Estate News

FEBRUARY 21, 2024

Celebrating excellence should be about, well, actual excellence — not the size of someone’s wallet.

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Real Estate 306

Housing Wire

FEBRUARY 21, 2024

With market uncertainty, real estate agents had been sticking with their current brokerage., but that’s all starting to change. While inventory is still low, professionals are seeing light at the end of the tunnel. According to Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as agents begin switching brokerages at a faster rate than 2023.

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Real Estate Agent Real Estate Brokerage Agents 476

Real Estate News

FEBRUARY 21, 2024

A new NAR report finds that homeownership has increased over the past decade, but Asian, Hispanic, and especially Black Americans face more hurdles.

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Housing Wire

FEBRUARY 21, 2024

Keller Williams Realty has partnered exclusively with the online learning platform Coursera to offer a comprehensive introduction to the business of real estate. Dubbed the KW Real Estate Agent Professional certificate, the program will give participants a head start in the real estate industry. “Our goal is to ensure that we’re getting the opportunity of starting a career in real estate in front of people who are actively looking for their next opportunity but may not be sure which path to take

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Real Estate Real Estate Agent Realty Clients 468

Real Estate News

FEBRUARY 21, 2024

ARMLS and Metro MLS respond to “monopoly” claims, contending that its showing management platform leads to increased competition, not less.

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George Dell

FEBRUARY 21, 2024

The word “modernization” has a meaning different from what I thought. It seems to depend on who is using the word. To me, it just meant “get with it!” To our GSEs (Fannie Mae and Freddie Mac), it means something special. The dictionary definitions and explanations focus on the social and even political aspects of […] The post What is Appraisal Modernization?

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Modernization Appraisal 195

Housing Wire

FEBRUARY 21, 2024

First Home Mortgage Corp. bolstered its presence in the Washington, D.C. , region with the opening of a new branch in Bethesda, Maryland , the company announced on Tuesday. In that context, First Home appointed Chris Channell, a 2022 HousingWire Rising Star , to the position of vice president of business development at the Bethesda location. Previously, Channel worked at Draper and Kramer Mortgage Corp. for more than five years, serving in various executive roles.

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Mortgage Clients Development Business 459

Inman

FEBRUARY 21, 2024

There are no funds under NAR's policy available to pay for the cost of defending the Realtor associations nor their multiple listing services which have been sued, according to the trade group.

Insurance 190

Insurance Realtors 190

Housing Wire

FEBRUARY 21, 2024

The U.S. Department of Housing and Urban Development (HUD) on Wednesday issued a mortgagee letter that implements the Federal Housing Administration ’s (FHA) payment supplement partial claim. The new loss-mitigation alternative resulted from the FHA’s acknowledgment that its toolkit wasn’t enough to support struggling borrowers as mortgage rates surged.

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Renovations Mortgage Design Development 459

Inman

FEBRUARY 21, 2024

Applications for purchase loans plummeted by a seasonally adjusted 10 percent last week, according to a survey of lenders by the Mortgage Bankers Association.

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Mortgage Marketing 190

Housing Wire

FEBRUARY 21, 2024

Mortgage startup Tomo has thrust itself into the “portal wars” arena with the launch of Tomo Real Estate , its new home search site, the company announced this week. “We’re not just another listing portal,” Carey Armstrong, Tomo co-founder and COO, said in a statement. “Tomo Real Estate is here to give home buyers a distinctive advantage with real, actionable insights — not overwhelming them with a buffet of information and ads to decipher alone.

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Tools Real Estate Mortgage Buyers 458

Inman

FEBRUARY 21, 2024

Arizona Regional MLS (ARMLS) and MLS Inc. filed a motion to dismiss Zillow's antitrust lawsuit against them.

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Housing Wire

FEBRUARY 21, 2024

Zonda , one of the leading data providers in the homebuilding industry, has acquired Builders Digital Experience (BDX), the company announced on Wednesday. By extension, Zonda also acquired NewHomeSource.com , one of the largest listings platforms for newly constructed homes, and Envision , a new home design platform. Founded in 2000, BDX is owned by a group of 24 leading U.S. homebuilders , including Lennar , PulteGroup , KB Home and Beazer Homes , and it boasts more than 1,200 active builders

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Business Construction Design Inventory 455

Inman

FEBRUARY 21, 2024

If you're rethinking your buyer consultation process and implementing a buyer representation agreement, team leader Carl Medford shares what you need to know to explain the change to your clients.

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Buyers Clients Brokerage Agents 183

Housing Wire

FEBRUARY 21, 2024

Artificial intelligence (AI) startup Brand Engagement Network (BEN) onboarded industry veteran Chris Heller as an adviser to its board of directors. Heller’s addition to the board comes at a time when BEN prepares to go public through a merger with DHC Acquisition Corp. — a special purpose acquisition company (SPAC) focused on technology — in a deal that values the combined company at $358 million.

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Real Estate Technology Development Tools 448

Inman

FEBRUARY 21, 2024

MoxiCloud was formed to officially recommend unique technologies that can better a user’s use of the many business solutions MoxiWorks offers.

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Technology Business Brokerage 183

Housing Wire

FEBRUARY 21, 2024

Earlier this month, the U.S. Attorney’s Office for the Southern District of New York (SDNY) announced that it had made a series of 70 charges against current and former officials from the New York City Housing Authority (NYCHA), alleging bribes and kickbacks and charging them with bribery and extortion. The investigation involved more than a year of collaboration between the office of SDNY attorney Damian Williams, the U.S.

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Law Contracts Design Tenants 448

Inman

FEBRUARY 21, 2024

The court dismissed a federal antitrust claim in the case known as Batton 1, but allowed state-law claims to proceed, partially due to the argument that commissions are baked into home prices.

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Buyers Law Realtors Brokerage 183

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. But analysts anticipate growth in both purchase and refinance originations this year. According to data from the U.S.

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Housing Market Mortgage Marketing Real Estate 446

Inman

FEBRUARY 21, 2024

Texas-based franchisor Keller Williams has launched a new certification course with Coursera, the U.S.'s biggest open online course provider. The KW Real Estate Agent Professional Certificate course prepares users to build or improve their real estate skills in two to four months, based on how fast they complete the 124-hour curriculum.

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Real Estate Agent Real Estate Agents Technology 180

Housing Wire

FEBRUARY 21, 2024

At a recent congressional hearing, Treasury Secretary Janet Yellen said that U.S. regulators are monitoring risks stemming from nonbank mortgage lenders, cautioning that a failure of one of them is possible due to market strains and a lack of access to deposits. The Community Home Lenders of America (CHLA), which represents small and mid-sized nonbank independent mortgage banks (IMBs), appreciates the concerns regulators have about the so-called “shadow banking system” – nonbanks carrying out tr

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Mortgage Business Finance Real Estate 444

Eyes on Housing

FEBRUARY 21, 2024

An expected impact of the virus crisis was a need for more residential space, as people use homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended lower.

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Housing Wire

FEBRUARY 21, 2024

Guaranteed Rate has reappointed Jeff Nelson to the position of Southeast divisional manager, the company announced on Tuesday. In his new role, Nelson will oversee sales operations and partnerships. He will also lead teams across North Carolina , South Carolina , Georgia , Florida , Tennessee , Alabama , Mississippi , Virginia and West Virginia. He will be based in the company’s Charlotte office.

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Retail Tools Lending Clients 435

Inman

FEBRUARY 21, 2024

The FBI has developed a decryption tool to combat the ALPHV/Blackcat ransomware variant, and authorities are offering $15 million in rewards to stop the group.

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Tools Development Technology Mortgage 178

Housing Wire

FEBRUARY 21, 2024

The National Association of Realtors (NAR) announced on Wednesday the addition of a home repair estimate app to its package of NAR Realtor Benefits for members. Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document.

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Home Improvement Realtors Real Estate Agent Inspection 435

Inman

FEBRUARY 21, 2024

More than 1 in 4 agents say their brokerage has changed its policy on buyer agency agreements, and fallout from commission suits has already taken a toll, according to Inman Intel Index results.

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Brokerage Buyers Agents Real Estate Agent 176

Housing Wire

FEBRUARY 21, 2024

The Broker Action Coalition (BAC) — a grassroots network operated by the Association of Independent Mortgage Experts (AIME) that initiates communications between mortgage brokers and their legislators — formed its first board of directors and leadership council as it kickstarts its work as an independent nonprofit organization. The newly formed board has 10 voting member seats consisting of four lenders, four brokers, BAC chief advocacy officer and co-founder Brendan McKay , and CEO and co-found

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Lending Finance Retail Mortgage 435

Inman

FEBRUARY 21, 2024

The homebuilding data provider acquired the company behind NewHomeSource.com and the home-design platform Envision.

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Design 173

Housing Wire

FEBRUARY 21, 2024

Longtime reverse mortgage industry professional Tane Cabe has joined C2 Financial ’s reverse mortgage division as a “retirement mortgage expert,” according to an announcement issued by the company this week. Cabe, who most recently served as president of reverse mortgage lending at Fairway Independent Mortgage Corp. , helped grow that company’s division after a series of changes and a reorganization of its leadership structure in 2023.

Mortgage 435

Mortgage Loan Officers Clients Lending 435

Inman

FEBRUARY 21, 2024

How long have you been an agent? Follow these simple steps on listing appointments to answer the question and turn seller leads into signed listings, writes author and trainer Bernice Ross.

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Agents Sellers Open Houses Marketing 171

Housing Wire

FEBRUARY 21, 2024

Texas Capital Bank (TCB), a warehouse lender that is suing Ginnie Mae over loans made by TCB to now-bankrupt lender Reverse Mortgage Funding (RMF), has objected to a motion by U.S. Department of Justice (DOJ) attorneys seeking to stop the evidence gathering process, saying its requests are reasonable. Late last month, DOJ attorneys initially filed the motion , contending that TCB’s discovery targets are overly broad and would also be burdensome in terms of gathering documents and information.

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Government Mortgage Legal 435

Eyes on Housing

FEBRUARY 21, 2024

Homeownership provides a wide range of benefits to households. In addition to providing households with a stable place to live, homeownership also offers an opportunity for households to accumulate assets and build wealth over time through equity. As of 2022, 66.1% of U.S. households owned their homes. For families that owned a home, the median net housing value (the value.

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Construction Finance Mortgage 167

Housing Wire

FEBRUARY 21, 2024

North Carolina-based mortgage lender Premier Lending Inc. has adopted the FICO Score 10 T credit-scoring model for its nonconforming loan originations and whole loan acquisitions. Premier Lending is adopting FICO’s updated credit-scoring model “to continue to drive the company’s innovation strategy forward and help make more homeownership dreams a reality,” the company stated in a release.

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Lending Government Mortgage Finance 434