Housing Wire

OCTOBER 16, 2024

Researchers at the U.S. Department of Housing and Urban Development (HUD) have published a new report identifying the locations of people seeking Federal Housing Administration (FHA) rental and homeownership assistance programs. They found that homeownership program beneficiaries generally live in more affluent, racially homogenous neighborhoods than those seeking rental assistance.

Tenants 488

Tenants Investing Housing Market Mortgage 488

Appraisal Buzz

OCTOBER 16, 2024

According to the Realtor.com September Rental Report, there remains a geographical gap in the rental market despite a national trend of overall rent declines. Despite a nationwide decline in rent, nine of the ten Midwestern markets included in the 50-metro survey experienced year-over-year increases in rent in September. On the other hand, eight out of ten of the markets that saw the largest rent cuts last month were in the South, primarily due to an increase in the number of new multi-family ho

Sellers 418

Sellers Buyers Marketing Mortgage 418

Housing Wire

OCTOBER 16, 2024

About a week after the Federal Reserve lowered benchmark interest rates for the first time since the start of the COVID-19 pandemic, mortgage rates reached their low point for 2024. The news has not been so positive since then for U.S. consumers or the housing industry. According to HousingWire’s Mortgage Rates Center, the average 30-year conforming rate bottomed out at 6.24% on Sept. 27.

Mortgage 468

Mortgage Buyers Government Tools 468

Appraisal Buzz

OCTOBER 16, 2024

Mortgage application volume tanked 17.0% last week, as rates increased sharply, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances plummeted 26% compared with the previous week but were still up 111% compared with the same week one year ago. Applications for purchases decreased 7% compared with the previous week but were up 7% compared with the same week one year ago.

Mortgage 370

Mortgage Government Inventory Buyers 370

Housing Wire

OCTOBER 16, 2024

In this session, experts will discuss mini-corr challenges and opportunities going into 2025, including whether the channel will continue to see market share growth and the latest on warehouse lender risks.

Lending 448

Lending Marketing Mortgage 448

Real Estate News

OCTOBER 16, 2024

A range of competing factors are driving volatility in rates, making it harder to forecast their direction — but they're likely to decline further this year.

Housing Market 311

Housing Market Marketing Mortgage 311

Real Estate News

OCTOBER 16, 2024

A panel of industry veterans debated the policy and discussed various scenarios for residential real estate should the CCP be repealed.

Brokerage 299

Brokerage Real Estate 299

Housing Wire

OCTOBER 16, 2024

A new startup wants to help real estate agents get more out of their multiple listing service (MLS). Realoq has launched a MLS platform that features customized branding and direct access to consumers, and the company believes it will provide savings on lead generation. “This new solution is ideal for MLS organizations seeking a more affordable option,” Realoq CEO Anvesh Chakravartula said in a statement.

Real Estate 448

Real Estate Real Estate Agent Agents Tools 448

Sacramento Appraisal Blog

OCTOBER 16, 2024

Who is buying in today’s housing market? Some say it’s only the wealthy or institutional investors, and first-time buyer are missing in action. What do stats show when we look at forty local neighborhoods? Let’s find out. UPCOMING SPEAKING GIGS: 10/18/24 Prime Real Estate (private) 10/22/24 Culbertson and Gray Group (private (I think)) 10/23/24 SAFE […] The post Which neighborhoods are doing better than others?

Real Estate 352

Real Estate Investors Housing Market Buyers 352

Housing Wire

OCTOBER 16, 2024

Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending October 11, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 17% on both a seasonally adjusted and an unadjusted basis from one week earlier.

Mortgage 520

Mortgage Inventory Buyers Marketing 520

Appraisal Buzz

OCTOBER 16, 2024

Freddie Mac recently auctioned 57 deeply delinquent non-performing residential first lien loans (NPLs) with a balance of approximately $13.9 million from its mortgage-related investments portfolio. The loans were sold in two pools of 32 and 25 to Residential Credit Opportunities X, LLC. The sales are part of Freddie Mac’s Extended Timeline Pool Offerings (EXPO).

Mortgage 195

Mortgage Investors Business Investing 195

Housing Wire

OCTOBER 16, 2024

Understanding that real estate housing markets are hyperlocal, the RealTrends Verified City Rankings represent the newest evolution of RealTrends agent and team rankings. These rankings are designed to help top-performing agents and teams highlight their accomplishments within their specific local markets, enhancing their credibility where it matters most — close to home.

Real Estate Agent 454

Real Estate Agent Real Estate Agents Brokerage 454

Appraisal Buzz

OCTOBER 16, 2024

Kiavi , a private lender to residential real estate investors, has closed its second rated securitization of residential transition loans this year. This time, Kiavi closes a $400 million rated securitization of residential transition loans. It’s been a banner year for Kiavi thus far. Through the third quarter, the firm originated nearly 15,000 loans totaling $4.6 billion, a 44.5% increase over the same period last year.

Investors 195

Investors Real Estate Agents Business 195

Housing Wire

OCTOBER 16, 2024

Reggora CEO Brian Zitin said his company is looking to help mortgage lenders by removing the need to manually underwrite most appraisals. Appraisal management software company Reggora is adding a repurchase and loan-level price adjustment (LLPA) warranty to its appraisal review solution. The valuation tech company said it will cover any financial loss associated with a repurchase or LLPA adjustment due to an appraisal defect.

Appraisal 435

Appraisal Mortgage Valuation Technology 435

Appraisal Buzz

OCTOBER 16, 2024

Informative Research , which offers data-driven credit and verification solutions to the lending community, has announced that its AccountChek solution now supports new enhancements to Fannie Mae’s Desktop Underwriter (DU) validation service. The new enhancements are designed to streamline the digital pre-close verification of employment (VOE), significantly enhance overall efficiency and improve the borrower experience, the firm says in a release.

Design 195

Design Lending Appraisal 195

Housing Wire

OCTOBER 16, 2024

In this week’s episode of the RealTrending podcast , host Tracey Velt sits down for an informative conversation with Paul Carlson, the president of Five Star Real Estate. Carlson explores his early career journey, including insights into how he grew the brokerage. He also explores key lessons he learned as he inherited the president’s seat from his father, Greg Carlson, Five Star Real Estate’s founder.

Brokerage 435

Brokerage Real Estate Agents Design 435

Appraisal Buzz

OCTOBER 16, 2024

The post Halloween Costume appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Housing Wire

OCTOBER 16, 2024

VestaPlus is gaining more traction with its artificial intelligence -powered compliance system. The company announced that Firelands Association of Realtors in Ohio and Northwest Wisconsin MLS have signed up for CheckMate, the firm’s listing compliance violation detection software. In July, Staten Island MLS and San Diego MLS entered similar partnerships with VestaPlus, and the company now serves five MLSs in total.

Realtors 434

Realtors Technology Real Estate Agents 434

Inman

OCTOBER 16, 2024

Former Phoenix Realtors President Butch Leiber writes that industry policy must be grounded in promoting and protecting the best interests of clients.

Realtors 188

Realtors Clients Brokerage Agents 188

Housing Wire

OCTOBER 16, 2024

Speakers: Dan Snyder , CEO & Co-Founder at Lower Brett Ludden, Managing Partner at Sterling Point Advisors Dan Hanson, Executive Director, Enterprise Partnerships & Acquisitions at loanDepot James Kleimann , Managing Editor at HousingWire

Mortgage 434

Mortgage 434

Inman

OCTOBER 16, 2024

Share the words of wisdom that have meant the most and had the biggest impact on you as you've built your real estate business.

Business 183

Business Real Estate Agents Brokerage 183

Housing Wire

OCTOBER 16, 2024

The nightmare created by Keller Williams’ decision to make changes to its profit-sharing program appears to be coming to a close. On Friday, Keller Williams and plaintiffs Eric Mendoza and Jack LeVine filed a document with a U.S. district court in Nevada. On Oct. 2, the parties stated that they “finalized the terms of the settlement agreement for this and the other pending claims against Defendant in cases involving plaintiffs represented by the Humphrey, Farrington & McClain firm.

Brokerage 433

Brokerage Design Agents Clients 433

Inman

OCTOBER 16, 2024

The DOJ's recent statement, made in relation to a lawsuit against pork producers, notes that the sharing of information among competitors could violate antitrust law "even without proof of an agreement to fix prices.

Law 181

Law Realtors Real Estate Agents 181

Housing Wire

OCTOBER 16, 2024

Two artificial intelligence startups are teaming up to make searches through multiple listing services (MLSs) more accessible to the visually impaired. The combined technology of Restb.ai and Lundy will allow users to search listings through voice commands. Restb.ai leverages AI to produce computer vision for the real estate sector, while Lundy provides a voice-driven property search platform.

Technology 433

Technology Real Estate Sellers Agents 433

Inman

OCTOBER 16, 2024

Demand for purchase mortgages fell by a seasonally adjusted 7 percent last week, and requests to refinance were down 26 percent as mortgage rates continued to climb, MBA survey finds.

Mortgage 179

Mortgage Marketing 179

Housing Wire

OCTOBER 16, 2024

Carol Dujanovich, senior vice president and director of reverse mortgages at University Bank , has been reappointed to a new three-year term as a member of the U.S. Department of Housing and Urban Development (HUD) Housing Counseling Federal Advisory Committee (HCFAC). The committee is designed to advise HUD “by helping shape the direction of its Housing Counseling Program and providing guidance on how to better serve prospective buyers, homeowners, and renters with their housing needs,” the dep

Design 432

Design Lending Mortgage Development 432

Inman

OCTOBER 16, 2024

Built in 1937 by famed architect James E. Dolman, Casa Encantada is considered one of the most iconic estates in Los Angeles and possibly the entire country, according to the property's listing.

Marketing 177

Marketing 177

Housing Wire

OCTOBER 16, 2024

United Wholesale Mortgage (UWM) announced on Wednesday that it’s offering a conventional cash-out loan product with a loan-to-value (LTV) ratio of up to 90% and no mortgage insurance. The announcement comes after interest rates have dropped and competition for refinances has increased. According to Michigan-based UWM, borrowers are historically limited to 80% LTVs for cash-out refis and often require mortgage insurance for loans that exceed this limit.

Insurance 435

Insurance Mortgage Retail 435

Appraisal Buzz

OCTOBER 16, 2024

The U.S. Department of Housing & Urban Development (HUD) has awarded $6.5 million in Choice Neighborhoods Planning Grants for 13 communities in 11 states to redevelop severely distressed public or HUD-assisted housing and improve outcomes for residents. This year includes the first-ever award to a Tribal Nation, the Muscogee (Creek) Nation. Each neighborhood will receive a $500,000 grant to create a comprehensive “Transformation Plan” to modernize existing HUD housing, improve workforce, hea

Modernization 221

Modernization Development Tools Business 221

Inman

OCTOBER 16, 2024

Learn the essential steps that pave the way to success in this high-stakes market with insights from luxury consultant Chris Pollinger.

Real Estate Agent 174

Real Estate Agent Real Estate Agents Marketing 174

George Dell

OCTOBER 16, 2024

The new UAD and URAR come on together. In this second part, we prepare to look at possible unintended consequences. (Catch up and read part 1 here.) In later continuing parts, we will look at how the URAR/UAD format “dynamic” may affect users: appraisers, lenders, AMCs, and others. Finally, we might look at how the […] The post UAD URAR Threat, Opportunity, or Confusion?

Appraisal 195

Appraisal 195

Inman

OCTOBER 16, 2024

In a webinar Tuesday, Keller Williams' Jeff Hickey, NextHome's James Dwiggins, Miami MLS's Liz Sturrock and Seven Gables' Mike Hickman clashed over the future of NAR's pocket listing rule.

Realtors 164

Realtors Brokerage 164

Eyes on Housing

OCTOBER 16, 2024

Over the first eight months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 685,923. On a year-over-year (YoY) basis, this is an increase of 11.5% over the August 2023 level of 615,453. Year-to-date ending in August, single-family permits were up in all four regions. The range of permit increases spanned.

Construction 167

Construction Marketing 167

Inman

OCTOBER 16, 2024

Short-term rental leader keeps its sights set on lowering barriers to entry for people who might be interested in offering their homes on Airbnb.

Investing 151

Investing Agents 151