Housing Wire
JANUARY 10, 2024
Despite an uptick in mortgage rates at the beginning of 2024, mortgage demand surged after adjusting for the holiday. Mortgage applications increased 9.9% for the week ending Jan. 5 compared to one week earlier, according to data from the Mortgage Bankers Association (MBA). The 30-year fixed mortgage rate averaged 6.62% as of Jan. 4, according to Freddie Mac ’s Primary Mortgage Market Survey.
Real Estate News
JANUARY 10, 2024
For the second year in a row, the Swanepoel Power 200 designated Sue Yannaccone, Anywhere Brands president and CEO, as the most powerful female leader.
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Housing Wire
JANUARY 10, 2024
Invitation Homes , the nation’s largest single-family rental landlord, has reached a settlement to address accusations it violated California ‘s “rent gouging” laws, the state’s Attorney General Rob Bonta announced on Monday. As part of the settlement filed in Los Angeles County Superior Court, Invitation Homes will pay $2.04 million in civil penalties.
Real Estate News
JANUARY 10, 2024
The brokerage’s new Private Label initiative gives teams access to Real’s platform and revenue sharing model while maintaining their independent brand.
Housing Wire
JANUARY 10, 2024
The U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) on Tuesday released its priority open recommendations report, submitted to HUD Secretary Marcia Fudge designed to highlight as-yet unaddressed risks in the management of the department. “The report highlights for HUD leadership 35 open recommendations from OIG reports that, if implemented, will help HUD address its most serious management challenges and enhance critical aspects of its operations,” th
Real Estate News
JANUARY 10, 2024
Fannie Mae’s Home Purchase Sentiment Index closed out the year on a relative high note as borrowing costs fell.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
JANUARY 10, 2024
Cases filed in Arizona and Illinois target At World, Realty One, HomeSmart, Realty Executives and several local firms and Realtor associations.
Housing Wire
JANUARY 10, 2024
Most agents seldom sell homes, according to a new study published by the Consumer Federation of America last week. The study, CFA’s third of three on this topic, suggests that a significant portion of agents in the U.S. sell at most five homes in a year. It relies on examinations of agents’ sales for five major real estate firms in each of four geographic areas; out of a sample of 2,000 agents, 100 were selected randomly from each firm in each area.
Inman
JANUARY 10, 2024
The defendants point to "legal errors at trial" they say justify setting aside the jury's historic, multi-billion-dollar verdict and giving the defendants another chance to make their case in court.
Housing Wire
JANUARY 10, 2024
TransUnion released a new portfolio management solution designed to help lenders assess the riskiness of a portfolio from a property value perspective, the company announced on Wednesday. TruVision Consumer Property Insights’s mission is to help protect both lenders and borrowers from the potential risks associated with property value fluctuations, the company said.
George Dell
JANUARY 10, 2024
Is thinking necessary? Are there different types of thinking? Can I avoid thinking about this? As the appraisal profession transitions to data analysis methods – we discover that judgment becomes more important – not less important. In fact, it does require we think about thinking! Let’s go! We can contrast a critical thought process with […] The post Critical Thinking?
Housing Wire
JANUARY 10, 2024
Enterprise Community Partners announced on Wednesday the appointment of Kari Downes to the position of president at its housing credit investments business, effective April 1. Downes, who currently serves as Enterprise Housing Credit Investments EVP, will succeed current president Scott Hoekman who has spent the past 30 years at Enterprise. In addition to serving as president, Downes “will also serve as a member of the leadership team of Enterprise’s Capital division, which collectively oversees
Inman
JANUARY 10, 2024
Demand for purchase loans picked up last week as would-be homebuyers took advantage of rates that are still a full percentage point lower than 2023 highs.
Housing Wire
JANUARY 10, 2024
As we come out of the holidays, we’re cleaning up, throwing out tired-looking decorations and looking for a place for presents in the closets or cabinets. However, if you’re like many Americans, you’re probably planning to take at least some of those presents back to the store for a refund or exchange. The National Retail Federation found that during the 2022 holiday season, retailers saw 17.9% of the merchandise purchased being returned.
Inman
JANUARY 10, 2024
As part of its ongoing effort to market alternatives to affiliating with legacy real estate brands, publicly traded The Real Brokerage has announced two new forms of partnership, Private Label and ProTeams.
Housing Wire
JANUARY 10, 2024
Guild Mortgage has filed a petition in a district court in Washington to confirm a $10.7 million award resulted from an arbitration dispute against three former employees accused of poaching when they transitioned to rival CrossCountry Mortgage. The case began in August 2021 when Guild filed a demand for arbitration claiming Christopher Flowers, Cory Flynn and Lisa Jolliffe, who left the Kirkland branch weeks before joining CCM, allegedly “engaged in a massive, coordinated effort to di
Inman
JANUARY 10, 2024
Adaptive authentication is at the heart of the system, a form of user identification that applies at random one of many factors to verify the request for access, such as location, device status and even the individual’s recent online behavior.
Housing Wire
JANUARY 10, 2024
HomeEquity Bank , Canada’s leading reverse mortgage lender and a federally regulated bank, recently announced the hiring of former Canadian Broadcasting Corporation (CBC) news anchor Peter Mansbridge to serve as its strategic communications consultant. Mansbridge served as the lead anchor for CBC News’ “The National,” its flagship broadcast, from 1988 to 1992, and then from 1995 until his retirement in 2017.
Inman
JANUARY 10, 2024
More than 30 proptech leaders who responded to the Inman Intel Index monthly sentiment survey signaled the areas where they believe artificial intelligence will most change real estate in 2024.
Housing Wire
JANUARY 10, 2024
Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology. Blue Sage Solutions’s primary product offering is a cloud-based digital lending platform designed to operate in the retail, wholesale, and correspondent lending channels while ensuring compliance.
Inman
JANUARY 10, 2024
Manhattan has been experiencing a buyers' marker since the summer of 2022, a new report argues, but the winds are about to shift.
Housing Wire
JANUARY 10, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Organic social media traffic. Community events. SEO. Between leveraging your personal network, filming YouTube videos and even the unpleasant task of cold prospecting, real estate professionals today wear all the hats.
Inman
JANUARY 10, 2024
Members already reeling from a series of accusations and leadership changes told Inman Tracy Kasper's resignation as president after less than five months doesn't bode well for NAR's reputation.
Housing Wire
JANUARY 10, 2024
Like the corporate brokerage defendants in the Sitzer/Burnett commission lawsuit , the National Association of Realtors also filed post-trial motions. The motions were filed on Monday prior to the filing deadline, but they did not appear on the court docket until Tuesday evening. The trade group joined defendants HomeServices of America and Keller Williams in filing motions for judgement as a matter of law and a new trial.
Inman
JANUARY 10, 2024
Words are very powerful, writes broker Joseph Santini, so choose them carefully. You'll enjoy the rewards of great communication and more success in your business and your life.
Housing Wire
JANUARY 10, 2024
Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. In an exclusive interview with HousingWire , Ron Leonhardt, a former mortgage broker who founded CCM in 2003, confirmed conversations with the parties started years ago, although the transaction closed on Tuesday.
Inman
JANUARY 10, 2024
RE/MAX CEO Nick Bailey says it's time to change the narrative on homeownership as a viable possibility for many Americans. Education and solutions-oriented service can help buyers find a workable path to the closing table.
Housing Wire
JANUARY 10, 2024
AutomatIQ Borrower from CoreLogic is a one-stop borrower verification and qualification platform. The platform was built focused on two key aspects: what data do lenders need, and why do lenders need this data? Lenders need answers to three key questions: Does the borrower have the capacity to pay? Does the borrower have the propensity to pay? Does the borrower have the ability to pay?
Inman
JANUARY 10, 2024
Nearly half of real estate agents sold next-to-nothing last year, writes mega-team leader Carl Medford. He shares strategies to help you turn disappointment into success in 2024.
Housing Wire
JANUARY 10, 2024
Nonbank mortgage lender and servicer Pennymac Financial Services scrapped its plans to hire more than 300 staff in North Carolina due to prolonged periods of elevated interest rates. In 2021, Pennymac vowed to create 322 jobs in Wake County, North Carolina and invest $4.3 million into Pennymac Loan Services, its mortgage lending subsidiary, to establish a mortgage fulfillment production center in Cary, North Carolina.
Inman
JANUARY 10, 2024
Let us know what real estate agent gave you your start, helped you out of a bind or simply makes every day better.
Advanced Appraisal
JANUARY 10, 2024
Single Family home appraisals, house appraisals, 2-4 Units, Condos, Located in the Tinley Park, Mokena and Frankfort Area. We are also experts in Multi Family Apartment Buildings, Mixed Use, Small Commercial properties and Vacant land for all purposes. We offer private listing, Assessment Appeal, Bankruptcy, Divorce, Estate, Trust, partnership dispersion, Probate, and Indemnity Cases.
Inman
JANUARY 10, 2024
Pacaso has properties in Mexico, the United Kingdom, Spain and now France, as the second home marketplace has acquired its first property in Paris’ 7th arrondissement, according to a January 10 press release sent to Inman.
Eyes on Housing
JANUARY 10, 2024
Per the Mortgage Bankers Association’s (MBA) survey through the week ending January 5th, total mortgage activity increased 9.9% from the previous week, and the average 30-year fixed-rate mortgage (FRM) rate rose five basis points to 6.81%. After the total mortgage activity index fell 10.7% in the last week of December, it bounced back in the first week of the year.
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