Housing Wire
OCTOBER 24, 2024
Online real estate marketplace Auction.com released data this week showing that demand for distressed homes — including bank-owned properties and foreclosures — shrank for a second straight quarter. The company’s Auction Market Dispatch for third-quarter 2024 included a survey conducted in late September of more than 140 active buyers on the platform.
Appraisal Buzz
OCTOBER 24, 2024
A monthly report on commercial foreclosures in the U.S. has been provided by ATTOM. According to the research, commercial foreclosure rates are still high and far higher than they were before to the epidemic. The number of foreclosures increased dramatically beginning in June 2023, reaching a peak of 752 in May 2024 before leveling off at 695 in the most current data released by ATTOM in September 2024.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
OCTOBER 24, 2024
anely Sandoval’s calling to be a pre-foreclosure peacemaker started when she was in high school. “My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I knew things were going down, but I didn’t know how bad it was until people started knocking on our door.
Appraisal Buzz
OCTOBER 24, 2024
Cloudvirga , a subsidiary of Stewart Information Services Corporation , has announced the findings of a consumer survey that highlights the increasing digitalization of the front-end of the mortgage origination process and growing homebuyer expectations for an even more automated, digital experience. The survey questioned recent homeowners, the majority of whom were first-time buyers, a series of questions about their experience during the mortgage application and closing process, including thei
Housing Wire
OCTOBER 24, 2024
With new-home sales growing since 2022, why are housing starts at recessionary levels? Well, it’s a complicated story if you don’t know how the homebuilders operate, and not all homebuilders are the same. The big publicly traded builders have money to pay down mortgage rates and manage their pipelines better than smaller homebuilders. However, even with that reality, when mortgage rates were at 7.50% earlier in the year, housing starts and permits were heading lower, single-family permits were h
Appraisal Buzz
OCTOBER 24, 2024
An examination of CoreLogic data indicates that, in comparison to prior years, jumbo mortgage originations saw a discernible drop in both dollar quantities and market share in 2023 and 2024. The decline in mortgage origination activity was probably caused by a combination of high interest rates and continuously rising home prices over the previous two years.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
OCTOBER 24, 2024
September’s lower mortgage rates may have given a boost to the new construction sector, but buyer enthusiasm could be waning as rates climb back up.
Housing Wire
OCTOBER 24, 2024
District of Columbia Attorney General Brian Schwalb is back at it. On Thursday, his office announced a settlement with Universal Title over allegedly engaging in kickbacks with real estate agents through joint ventures in the Washington, D.C., area. But similarly to the four firms that Schwalb’s office took action against in August, the case did not involve a violation of the Real Estate Settlement Procedures Act (RESPA).
Real Estate News
OCTOBER 24, 2024
An MLS advisory board within the National Association of Realtors is continuing its “robust” discussion of the divisive policy. Here’s what could come next.
Housing Wire
OCTOBER 24, 2024
Editor’s note: This is the first in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct. 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. In the year since a Missouri jury found the real estate industry liable for colluding to artificially inflate agent commissions, a lot has changed — including all of the defendants in the trial settling — but much remains the same
Appraisal Buzz
OCTOBER 24, 2024
Mortgage rates increased for a fourth straight week, as the average rate for a 30-year fixed-rate mortgage rose to 6.54%, up from 6.44% last week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 7.79%. “The continued strength in the economy drove mortgage rates higher once again this week,” says Sam Khater, chief economist for Freddie Mac, in a statement.
Housing Wire
OCTOBER 24, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Real estate referrals are the lifeblood of most top producers’ businesses. This is evident when you ask any highly successful agent where they find their clients. Inevitably, their answer will be “my past clients and sphere.
Appraisal Buzz
OCTOBER 24, 2024
The real-time pace of change in markets, regulations, and customer expectations has shoved mortgage servicers into the same shifts that originators faced after the 2008 housing crisis. This once rigid, transaction-focused industry has evolved into a dynamic, customer-centric environment where innovation and execution are tightly intertwined. A driving force powering this evolution is technology, and the growing recognition that customer success is not just a department in technology companies de
Housing Wire
OCTOBER 24, 2024
With an unprecedented wave of retirements—over 4.1 million Americans each year, according to the Peak65 report by Alliance for Lifetime Income —understanding the intricacies of reverse mortgages is essential. Our latest research report , developed in partnership with Longbridge Financial , equips you with the knowledge to navigate this growing market and serve your clients effectively.
Appraisal Buzz
OCTOBER 24, 2024
CoreLogic has added a new Tax Transcripts solution to its AutomatIQ Borrower platform, providing mortgage professionals and their clients with efficient, rapid and reliable tax transcripts retrieval options. This enhancement consolidates three offerings into a single solution, allowing lenders to select the most suitable options based on their specific needs and the complexity of the loan, CoreLogic says in release.
Housing Wire
OCTOBER 24, 2024
Remote online notarization firm Proof (formerly known as Notarize ) is stepping out of the notarization arena and into the wider realm of identity verification. On Thursday, Proof announced the launch of Verify, which it describes as “a live face-to-face experience that delivers high-level assurance with identity verification performed in the presence of an agent.
Appraisal Buzz
OCTOBER 24, 2024
Sasha Stair has joined Xactus , a provider of verification solutions for the mortgage industry, as chief marketing officer. Stair has more than two decades of experience in mortgage fintech and strategic growth. She has held prominent leadership roles at Snapdocs, Common Securitization Solutions, and Black Knight Financial, where she played a key part in driving organizational growth and ensuring lenders maximized the value of each platform.
Housing Wire
OCTOBER 24, 2024
Mutual of Omaha Mortgage ’s reverse division has launched a new program, “Broker Protect,” that aims to offer what it calls industry-first protections to brokers doing business with the company. Mutual of Omaha approved brokers and principal agents will have access to five core protections, including a promise that the lender “will not solicit borrowers established within the broker network.
Appraisal Buzz
OCTOBER 24, 2024
The U.S. Department of Housing & Urban Development (HUD) has appointed 11 new members to its Housing Counseling Federal Advisory Committee. The Committee serves a critical advisory role to 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.
Housing Wire
OCTOBER 24, 2024
The Mortgage Bankers Association (MBA) on Thursday released a new white paper , which argues that Section 8 of the Real Estate Settlement Procedures Act (RESPA) is in need of reform and modernization to better reflect “today’s highly-regulated mortgage market.” Dec. 22, 2024, will mark the 50th anniversary of RESPA being signed into law by President Gerald Ford.
Inman
OCTOBER 24, 2024
Understanding the various team compensation models is crucial for anyone involved in, or considering joining, a real estate team, coach Verl Workman writes.
Housing Wire
OCTOBER 24, 2024
Alliant National Title Insurance Co. has entered into an agreement to be acquired by Florida -based builder Dream Finders Homes , according to an announcement on Thursday. The financial terms of the deal, which is subject to regulatory approval, were not disclosed. “This is a strategic acquisition for DFH and allows us to further vertically integrate alongside our existing title insurance agency business while facilitating growth in the title insurance marketplace,” Patrick Zalupski, the chairma
Inman
OCTOBER 24, 2024
Landlord Genetta Hull filed eviction papers in September alleging that Dolton Mayor Tiffany Henyard and her roommate, Kamal Woods, owe more than $3,350 in rent and late fees on her property.
Housing Wire
OCTOBER 24, 2024
Compass has made two big additions in Austin and St. Louis. The Weiss Group in Austin is returning after a stint with The Agency , bringing its six-agent team and $75 million in 2023 sales back to Compass. In St. Louis, the 10-agent Monschein Team is leaving Berkshire Hathaway HomeServices. In respective statements, both groups cited Compass’s technology as a key motivator for their moves.
Inman
OCTOBER 24, 2024
Find out how this New York City team has made a name for itself in new development by trusting the market to speak for itself.
Housing Wire
OCTOBER 24, 2024
Onity Group , the parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage , announced this week that it will offer $500 million in senior notes due in 2029. The proceeds from this note sale, along with additional cash from the company, will be used to pay off older debt with higher interest rates. The deal was first announced on Monday, when Onity estimated the value of the notes would come in at $475 million.
Inman
OCTOBER 24, 2024
Whether you’re considering switching brokerages or joining a team, it’s as much an interview for them as it is for you, writes Troy Palmquist.
Eyes on Housing
OCTOBER 24, 2024
Home buyers moved off the sidelines in September following the Federal Reserve’s recent move to cut interest rates for the first time in four years. Sales of newly built, single-family homes in September increased 4.1% to a 738,000 seasonally adjusted annual rate from a downwardly revised August number, according to newly released data from the.
Inman
OCTOBER 24, 2024
The company is opening its first franchise in the Central American country amid an ongoing push to expand in new global locations.
Eyes on Housing
OCTOBER 24, 2024
In 2023, the total number of second homes was 5.7 million, accounting for 4% of the total housing stock, according to NAHB estimates of the 2023 American Community Survey. Second homes have been in a steady decline over the past few years, from 7.15 million in 2020, to 6.5 million in 2022, dropping to 5.7.
Inman
OCTOBER 24, 2024
Multifamily investor Patrick Carroll was arrested in Wyoming this week due to a warrant issued for aggravated stalking charges in Florida. The investor was recently in Massachusetts for mental health treatment.
Appraiserblogs
OCTOBER 24, 2024
The next morning I went to my trusted AI program and asked if there was any evidence of bias. “Where is the evidence?” The issue of perceived bias and discrimination in the appraisal industry has become a highly contentious and polarizing topic in recent years, sparking intense debate and controversy. At the heart of this complex issue lies a fundamental tension between the appraisal profession’s commitment to objectivity and impartiality, and the persistent allegations of systemic racism and u
Inman
OCTOBER 24, 2024
Lawyers filed motions Tuesday arguing eXp’s decision to come to a settlement in the commission lawsuit through a "reverse auction" should compel the brokerage to return to the bargaining table.
Empire Appraisal Group
OCTOBER 24, 2024
YinYang, E+, Getty Images Source: [link] By Melissa Dittmann Tracey There’s disagreement about whether the sports craze is a benefit for home sales, with some saying the noise hurts property values. CHICAGO – Pickleball appears to be setting off a love-hate relationship in real estate. Some prospective home buyers favor properties near pickleball courts, and the game’s popularity has spawned a “pickleball gold rush” in commercial real estate.
Expert insights. Personalized for you.
470 
Let's personalize your content