Housing Wire

APRIL 19, 2024

A Freddie Mac home equity product that was proposed this week has the potential to unlock $850 billion in origination volume. But it could face challenges due to the lack of a robust securitization market, according to strategists at Bank of America (BofA). On Tuesday, the Federal Housing Finance Agency (FHFA) announced a request for comment on a proposal to allow the government-sponsored enterprise (GSE) to purchase single-family, closed-end second mortgages when it owns the risk of the corresp

Finance 488

Finance Law Mortgage Government 488

Real Estate News

APRIL 19, 2024

This week, Zillow CEO Rich Barton praised Realtor.com CEO Damian Eales’ latest push to educate homebuyers about changes coming to the industry.

Buyers 312

Buyers 312

Housing Wire

APRIL 19, 2024

Luxury home prices in the U.S. surged by 8.7% year over year in the first quarter of 2024, with the median price hitting a record $1.225 million, according to data from Redfin. In comparison, prices for non-luxury homes rose by 4.6% to a median of $345,000, which is also a record high. Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile.

Luxury Properties 488

Luxury Properties New Listings Buyers Housing Market 488

Real Estate News

APRIL 19, 2024

Active listings are back to pre-pandemic levels, but home prices — and home insurance costs — keep going up, creating a tough market for buyers and sellers.

Inventory 299

Inventory Insurance Sellers Buyers 299

Housing Wire

APRIL 19, 2024

Ginnie Mae has filed a point-by-point response to the initial complaint of the case brought against it by Texas Capital Bank (TCB), which alleges that the government-owned company “extinguished, in return for no consideration, TCB’s first priority lien on tens of millions of dollars in collateral” stemming from the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) program.

Government 468

Government Legal Law Development 468

Real Estate News

APRIL 19, 2024

Drussy Hernandez said the move was necessary due to “external professional obligations.” CAR president-elect Erika Villegas will take over the role on May 15.

Realtors 278

Realtors 278

Real Estate News

APRIL 19, 2024

After encouraging reports from 2022, new data shows the appraisal gap continued to shrink throughout much of the U.S. in 2023.

Appraisal 257

Appraisal 257

Housing Wire

APRIL 19, 2024

One of the most notable surprises of 2024 has been the trajectory of mortgage rates. When the average rate on 30-year loans dropped from 8.01% on Oct. 25 to 6.84% on Jan. 31, more loan applications started coming in, and the mortgage industry breathed a sigh of relief. Many thought 6.5% would become the new ceiling and rates would be down to 5.5% by the end of the year, easy.

Mortgage 448

Mortgage Training Business Tools 448

Inman

APRIL 19, 2024

With a recent boost to inventory and steady demand for high-end properties, luxury homeowners are ready to cash out on existing homes and use their cash power to buy a new home, fueling price growth.

Inventory 199

Inventory Buyers Marketing Mortgage 199

Housing Wire

APRIL 19, 2024

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024. Click here to nominate someone. The recent commission lawsuits have had a profound impact on real estate agents and brokerages as they face increased scrutiny and pressure to provide more transparency in their commission structures and potential co

Training 448

Training Real Estate Agent Real Estate Agents 448

Appraisal Buzz

APRIL 19, 2024

FormFree has enhanced its Passport Wallet solution by adding a new user interface that makes it easier for consumers to understand their ability to pay and match with lenders. Based on user feedback, more than 10 screens have been removed, resulting in a smoother and more efficient user journey. This enhancement is expected to increase the completion rate by consumers, reducing instances of app abandonment and ensuring a higher generation of Qualified Borrower Medallions, the company says in a r

Finance 195

Finance Appraisal Mortgage Marketing 195

Housing Wire

APRIL 19, 2024

Ginnie Mae unveiled a significant revision on Wednesday to its monthly single-family reporting protocols. The government mortgage bond guarantor incorporated expanded its payment default status (PDS) reporting, including loan default information, any mitigation actions taken and the timing of these actions. The agency said that this move underscores its commitment to vigilant monitoring of delinquent loans, which can exert financial strain on nonbank entities.

Government 446

Government Mortgage Marketing 446

Appraisal Buzz

APRIL 19, 2024

Alicia Goncalves, CMB, has joined the Mortgage Bankers Association (MBA) as director of associate membership. Before joining MBA, Goncalves served as senior customer success manager at fintech company, nCinco, Inc. Prior to that, she held ascending roles in lending at Norcom Mortgage, most recently as assistant vice president, assistant operations manager.

Mortgage 195

Mortgage Lending Business Development 195

Housing Wire

APRIL 19, 2024

Even though the spring homebuying season got off to a slow start across much of the U.S., one of the most populous states saw increased activity. Home sales in Pennsylvania jumped 23.6% from February to March, according to a report released Friday by the Pennsylvania Association of Realtors (PAR). On a year-over-year basis, sales were down 10.5%, but the 8,790 transactions that closed last month were a positive sign for real estate professionals in the Keystone State.

Realtors 440

Realtors Inventory Real Estate Sellers 440

Appraisal Buzz

APRIL 19, 2024

This content is password protected. To view it please enter your password below: Password: The post Protected: RSDS APPRAISAL DIVERSITY ANNOUNCES NATIONWIDE HIRING OF W-2 STAFF APPRAISERS appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Inman

APRIL 19, 2024

Frustrated and anxious about economic conditions? Trainer Bernice Ross writes that, instead of waiting for change, agents can move forward with confidence by following these strategies.

Agents 192

Agents Brokerage Marketing 192

BiggerPockets

APRIL 19, 2024

New York State legislative leaders have agreed on a preliminary housing deal aimed at tackling affordability and supply problems, which are especially severe in New York City.

Tenants 92

Tenants Landlords 92

Inman

APRIL 19, 2024

There's been a heapin' helpin' of new developments in the commission lawsuits. Here's how to pivot and be ready for whatever comes next.

Legal 190

Legal Agents Development Brokerage 190

BiggerPockets

APRIL 19, 2024

Jazz icon and Los Angeles native Roy Ayers once famously sang, “Everybody Loves The Sunshine.” Never have truer words been said.

Marketing 92

Marketing Housing Market 92

Inman

APRIL 19, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 187

Brokerage Agents 187

BiggerPockets

APRIL 19, 2024

In the last 16+ years, I’ve worked with many investors. Occasionally, I am asked about two or more people pooling their resources to buy properties.

Investing 92

Investing Investors Real Estate 92

Inman

APRIL 19, 2024

With new clients including USA Mortgage and New American Funding, Matic says it's doing business with more 100 mortgage lenders and servicers that together process 20 percent of U.S. home loans.

Insurance 186

Insurance Mortgage Clients Business 186

Mortgagebroker News

APRIL 19, 2024

Leader to drive expansion efforts across Ontario

Mortgage 83

Mortgage 83

Inman

APRIL 19, 2024

The reality TV star has left the Eklund Gomes Team at Douglas Elliman to start the Erin + Alex Team at Compass with the firm's Alexandra Hedaya. The team will operate in New York, the Hamptons and Florida.

Brokerage 185

Brokerage Agents 185

Mortgagebroker News

APRIL 19, 2024

Timing gap leaves companies in limbo

83

83

Inman

APRIL 19, 2024

Kari Watkins, Chris Fleming and Donna Weaver were forever changed by the April 19, 1995, Oklahoma City bombing. Twenty-nine years later, they reflect on life since.

Real Estate 179

Real Estate Marketing 179

Mortgagebroker News

APRIL 19, 2024

FSRA imposes penalties and restrictions following false renewal application

Mortgage 83

Mortgage 83

Inman

APRIL 19, 2024

The National Association of Realtors, Keller Williams, Anywhere, RE/MAX, Compass, eXp and others offered a slew of arguments for why the Batton 1 and Batton 2 cases should be thrown out.

Realtors 179

Realtors Realty Brokerage 179

Mortgagebroker News

APRIL 19, 2024

Future rate trajectory remains shrouded in uncertainty

Clients 81

Clients 81

Inman

APRIL 19, 2024

AI, green building and energy transition, and property and transaction management solutions are still seen as stable investments by VC firms, recent reports show, despite an overall decline in investments in proptech.

Investing 178

Investing Property Management Technology Real Estate 178

Eyes on Housing

APRIL 19, 2024

Nonfarm payroll employment increased in 44 states in March compared to the previous month, while six states and the District of Columbia saw a decrease. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 303,000 in March, following a gain of 270,000 jobs in February. On a month-over-month basis, employment.

Construction 78

Construction 78

Inman

APRIL 19, 2024

The Inman Intel Index goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to real estate's most ambitious monthly survey today.

Real Estate 174

Real Estate Realtors Technology Brokerage 174

Buys Brokers Only LLC

APRIL 19, 2024

The median price of a single-family home in Massachusetts rose in March and during the first quarter of 2024, while inventory and sales declined, according to data compiled by the Massachusetts Association of Realtors (MAR).

Realtors 70

Realtors Inventory Real Estate Marketing 70

Inman

APRIL 19, 2024

Once you've passed your real estate exam, broker Joseph Santini writes, your first order of business will be deciding what type of brokerage will serve you best in your new career.

Brokerage 173

Brokerage Real Estate Business Agents 173