Mon.Jul 01, 2024

article thumbnail

Announcing the 2024 Women of Influence!

Housing Wire

HousingWire is excited to announce the winners of the 2024 Women of Influence award, recognizing 100 women who are shaping and propelling the housing economy forward with their impressive achievements. This year marks the 15th year of this award program. Many of this year’s winners mentor women in the industry, paving the way for a new generation of leaders.

Realty 462
article thumbnail

Price Growth Begins to Moderate in Once-Hot Pandemic Boomtowns

Appraisal Buzz

Over the past few years, the most popular housing markets in the U.S. have experienced significant changes, showing a pattern of ongoing development and evolution, according to CoreLogic’s May Home Price Insights report. Per CoreLogic’s research, South Dakota—home to the historical Mount Rushmore—is the state with the second-fastest rate of appreciation, and Camden, New Jersey is among the top metro areas for appreciation in March 2024.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rich men, poor men, and the infinite housing crisis

Housing Wire

In the game of housing crisis Rochambeau, we play with income, inventory, and policy. Inventory cannot beat inadequate incomes, but better compensation policies can. The labor market has reached peak disengagement rates, partially driven by historic strikes , resignations , non-participation , and silent quitting. By splitting the workforce into five income groups to view homeownership rates, we lay bare a cause for retreat from an increasingly unfair labor market – a system with four times more

article thumbnail

Government Agencies Release Mortgage Origination Data

Appraisal Buzz

A joint report from the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) have published and updated loan-level data for public use collected through mandatory demographic questions on mortgage applications through the National Survey of Mortgage Originations (NSMO). The data also provides updated mortgage performance and credit information for a nationally representative sample of mortgage borrowers from the years 2013-2021.

article thumbnail

Anywhere senior executive makes the move to Lamacchia Realty

Housing Wire

Massoud Atallah is leaving Anywhere Real Estate to join Lamacchia Realty. On Friday, the Anthony Lamacchia -helmed firm announced that Atallah had recently joined Lamacchia Realty as its new senior vice president of business development. According to the new release, Atallah will focus on agent recruiting and retention, with a goal of growing the firm in both New England and Florida.

Realty 422
article thumbnail

Suburban Housing Growth Stronger Than Urban Expansion and Revitalization

Appraisal Buzz

According to a new report from StorageCafe, people have been looking for an alternative to busy urban areas and the suburbs have stepped up their game as of late. Point-and-case, suburban areas across the country are now growing faster than major cities, providing plenty of room to grow their families and for those seeking a better semblance of a work-life balance.

More Trending

article thumbnail

MAKING AN IMPRESSION

Appraisal Buzz

Julie Molendorp Floyd remembers wondering about this new company called “RSDS Appraisal Diversity.” Serving as the Vice Chairman of the Missouri Appraisers Commission several years ago, Julie noticed the name “RSDS” appearing on more and more applications from appraiser candidates. “And I thought, who are these people? They’re operating in Kansas City.

Training 351
article thumbnail

Building a quality-centric culture is essential to ensuring appraisal integrity

Housing Wire

In light of market fluctuations and regulatory changes, mortgage lenders face significant challenges in today’s market. Even at the highest demand levels in 2024 , purchase mortgage applications were nearly 45% lower compared to the same weeks in 2018 and 2019, exacerbated by record-high origination costs. Freddie Mac’s recent study reveals the average cost to originate for the top 25% of performers is $6,900, rising to $16,500 for the bottom 25%.

Appraisal 347
article thumbnail

Preventable Losses in Mortgage Fee Cures Eat Into Lenders’ Profits

Appraisal Buzz

The bad news is, fee cures and associated costs are adding to the already skyrocketing cost of originating a mortgage. The good news is, these costs are entirely preventable. “ The Hidden Cost of Fee Cures ,” an analysis released by Intercontinental Exchange Inc. (ICE), chalks these costs up to the “Know Before You Owe” Rule , aka the TILA-RESPA Integrated Disclosure (TRID).

Mortgage 243
article thumbnail

Sotheby’s affiliate adds senior VP to oversee Florida, North Carolina projects

Housing Wire

Naples, Florida -based Premier Sotheby’s International Realty is shaking up its C-suite. On Monday, the firm announced that Adam Kaufman will be joining the firm as the senior vice president of the firm’s new development division. In this role, Kaufman will oversee sales and marketing efforts for the company’s new development projects across Florida and North Carolina.

Realty 346
article thumbnail

GridBase Launches New Website

Appraisal Buzz

GridBase , which offers integration solutions for lenders and title companies, has rolled out a new website that showcases the firm’s capabilities in data middleware, automation and integration. The new website is designed to streamline and optimize lender and title operations. It showcases the firm’s automations and integrations, which allow users to experience seamless connectivity without leaving their system of record.

Design 195
article thumbnail

Opinion: Freddie Mac second mortgage loans further its mission

Housing Wire

Federal Housing Finance Agency (FHFA) Director Sandra Thompson recently announced its conditional approval of Freddie Mac pilot to purchase second mortgages. I’ve personally been an outspoken supporter of this endeavor and I applaud this decision. The Community Home Lenders of America (CHLA) immediately issued a statement of support for this pilot.

Mortgage 345
article thumbnail

MBA: Homebuyer Affordability Improved Slightly in May

Appraisal Buzz

Homebuyer affordability improved in May, with the national median payment applied for by purchase applicants decreasing to $2,219, down from $2,256 in April, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI). That’s a decrease of 1.6% – to an index score of 173.9. Median earnings were up 4.6% compared to one year ago, and while payments increased 2.5%, the strong earnings growth means that the PAPI is down 2.0% on an annual basis.

Inventory 195
article thumbnail

Chris Knapp named president of Proper Rate

Housing Wire

Proper Rate , a joint venture between Guaranteed Rate and residential brokerage @properties , has tapped Chris Knapp to lead the company as president. Knapp boomeranged back to Chicago-headquartered Guaranteed Rate after he left in 2019. He held posts at rivals CrossCountry Mortgage , Draper & Kramer Mortgage Corp. and, most recently, Wintrust Mortgage , where he was a vice president. “I’m delighted to welcome back Chris Knapp as president of Proper Rate.

Brokerage 342
article thumbnail

Down Payment Resource Expands its Team With Three New Hires

Appraisal Buzz

Down Payment Resource is expanding its team to keep pace with a rising number of DPA programs and increasing demand. To that end, Veronica Chapa has joined Down Payment Resource as sales engineer. In addition, Lisa Rhodes, has joined the company as a DPA program specialist, while Lorrie Johnson has joined as a customer success specialist. Lorrie Johnson Chapa has an extensive mortgage industry background, having served in various roles at mortgage lenders and mortgage technology companies, inclu

article thumbnail

ERA franchise acquires Michigan-based independent firm

Housing Wire

Michigan -based ERA Prime Real Estate Group has acquired Southgate, Michigan-based Compass Realty Pro , the company announced on Monday. The financial terms of the deal were not disclosed. According to the announcement, this acquisition will expand ERA Prime Real Estate Group’s market share in southeast Michigan. ERA Prime, which was founded in 2017 by Willie Ray III, currently has offices in Farmington and Grand Blanc, Michigan.

article thumbnail

Illuminating the Pathway to Profitability With Business Intelligence

Appraisal Buzz

BLOG VIEW: As lenders continue to sell off production and look to reduce expenses, today’s market demands a shift from an opportunity-focused environment to one driven by marketing and sales strategies. In the current challenging market, lenders are struggling to drive loan volume, revealing the need to redirect their attention on managing “the spend” to improve their financial health.

Business 195
article thumbnail

Brief in Nosalek suit claims DOJ complaint isn’t taking buyer rebates into account

Housing Wire

Yet another party has taken a stand in the Nosalek commission lawsuit. On June 20, Dmitry Shkipin — who runs development and operations at HomeOpenly.com — filed an amicus brief that takes aim at the changes to the agent commission structure outlined by the Department of Justice in its statement of interest. In his brief, Shkipin claims that the statements made by the DOJ are “not entirely accurate” and that the DOJ “contradicts information in its own publication.

Buyers 312
article thumbnail

The Fall 2024 Appraisal Buzz Magazine is here!

Appraisal Buzz

The latest edition of the Appraisal Buzz Magazine is here! This year, the magazine includes insightful articles covering a wide range of topics such as artificial intelligence in appraising, relocation appraisals, contributory value, and more. We have articles to help appraisers, AMCs, and lenders grow in every aspect of their business in this new age of appraisal.

Appraisal 195
article thumbnail

Texas Capital Bank seeks a partial win in Ginnie Mae suit

Housing Wire

Texas Capital Bank (TCB) is seeking a new partial summary judgment in its suit against Ginnie Mae. The suit 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.

article thumbnail

Lawsuits pile up against EasyKnock

Real Estate News

“More than two dozen people” in Texas have sued EasyKnock over its sale-leaseback program, an NPR investigation found, adding to the company's legal woes.

Legal 220
article thumbnail

Redfin, Zillow named in video privacy lawsuits

Housing Wire

Redfin and Zillow are at the center of two video privacy suits that were filed on June 25 in the U.S. District Court for the Southern District of California. In two separate lawsuits, plaintiff Guillermo Mata accuses the real estate companies of violating the Video Privacy Protection Act and the California Invasion of Privacy Act by allegedly sending consumers’ personally identifiable data — including names and email addresses — to third-party firms such as Facebook parent Meta and Google parent

article thumbnail

People on the Move: KW promotes execs across 3 divisions

Real Estate News

The brokerage giant announced new leaders in its commercial and coaching divisions as well as its nonprofit, KW Cares; Tomo's co-founder steps down.

Brokerage 207
article thumbnail

Ultimate SEO guide to promote your profile, master your market

Inman

Digital marketing expert Marci James offers tips to help you elevate your real estate website with backlinks and on-page SEO, improve your digital footprint and earn top-of-mind name recognition in your local market and beyond.

Marketing 163
article thumbnail

New efforts to derail brokerage settlements, dismiss buy-side case

Real Estate News

Another group of plaintiffs has filed an appeal in the RE/MAX, KW and Anywhere settlements, while the brokerages offered new arguments for dismissing Batton.

Brokerage 201
article thumbnail

Consistent cash flow still matters most: DelPrete

Inman

Those business generating free cash flow are best-positioned for growth, shareholder returns and value-added new ventures, Mike DelPrete writes.

Business 158
article thumbnail

REcolorado confirms interim CEO, new board

Real Estate News

New FAQs from the MLS and from its current owners, DMAR and SMDRA, shed light on user fees post-sale, but the timing and price of the deal remain undisclosed.

184
184
article thumbnail

5 ways commercial and residential real estate can cooperate now

Inman

A brokerage with access to a commercial division, Troy Palmquist writes, experiences a whole new way of serving clients, adding value and creating professional synergies

article thumbnail

Little chance of an inventory explosion this year

Real Estate News

ATTOM’s midyear review looks at where housing supply is headed along with what to expect with home prices and foreclosures.

Inventory 210
article thumbnail

These 12 pillars of attraction will transform your recruiting

Inman

Choosing just four of these 12 categories will help you recruit more effectively and efficiently and open up new avenues for growth, coach Verl Workman writes.

Brokerage 138
article thumbnail

Using GoFormz for Efficient Event Planning and Management

GoForrmz

Streamline your event management process with GoFormz Event planning and management can be a complex and demanding task, regardless of your industry. From networking events and trade shows to volunteer activities and internal celebrations, effective organization is crucial. In today’s digital age, leveraging technology can simplify this process significantly.

Clients 78
article thumbnail

All that glitters: It’s Luxury Month at Inman

Inman

This month, Inman looks at luxury real estate to develop a working definition and determine how to differentiate services for discerning luxury clients.

article thumbnail

5 Growth Strategies To Unlock True Financial Freedom

BiggerPockets

All investors have different goals and strategies to achieve financial freedom. These are the strategies I used to reach financial independence.

article thumbnail

Rate dip drags ‘doomers’ back from the ledge: Client Pipeline Tracker

Inman

Expectations for future buyer pipelines have started to improve after a rough four-month stretch. Intel unpacks the latest developments with its Client Pipeline Tracker, fueled by the Intel Index.

Clients 121