Housing Wire

NOVEMBER 1, 2024

Today’s jobs report showed the lowest job-growth data for the year at 12,000. You would think this would cause the 10-year yield and mortgage rates to go lower. At first, this did happen, but after more digestion of the data, not only did the bond market give up all the early morning gains, but it headed higher for the day, which confused many. So, I will give you my best explanation, but I need to show all the data that came out this week.

Mortgage 507

Mortgage Construction Marketing Government 507

Appraisal Buzz

NOVEMBER 1, 2024

A recent WalletHub report sheds light on mortgage delinquency rates across 100 U.S. cities, with rates spanning from around 3% to a staggering 23%. Based on data collected between Q1 and Q2 of 2024, WalletHub’s study ranks cities according to the proportion of mortgage holders behind on payments, a critical metric in assessing financial strain within communities.

Mortgage 433

Mortgage Housing Market Appraisal Marketing 433

Housing Wire

NOVEMBER 1, 2024

HousingWire is excited to announce the honorees of this year’s Tech Trendsetters award. The Tech Trendsetters are made up of the top product and technology leaders who have been essential in bringing innovative tech solutions to market for mortgage and real estate clients. Similar to the HousingWire TECH100, which celebrates the most innovative companies in mortgage and real estate tech, Tech Trendsetters highlights the individuals who are developing cutting-edge technology and leading inn

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Technology Realty Real Estate Development 426

Appraisal Buzz

NOVEMBER 1, 2024

The Federal Housing Finance Agency (FHFA) has issued AB-2024-05 , an Advisory Bulletin that simplifies the process for project sponsors to receive Federal Home Loan Bank (FHLBank) funds for affordable housing projects. Each of the 11 FHLBanks operates an Affordable Housing Program (AHP) providing grants or subsidized advances to fund rental housing and homeownership opportunities for low- and moderate-income households.

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Housing Wire

NOVEMBER 1, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup.

Real Estate 417

Real Estate Real Estate Agent Agents Brokerage 417

Appraisal Buzz

NOVEMBER 1, 2024

According to a new Redfin research, in Q3 of this year, an estimated 28% of single-family homes for sale nationwide were newly constructed, the lowest percentage in three years. That is lower than the record-high 34.4% at the beginning of 2022 and 30.5% a year ago. For a number of factors, the proportion of newly constructed homes for sale has decreased from its peak, including: The market has seen an increase in existing inventory.

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Construction Inventory Real Estate Agent Agents 370

Appraisal Buzz

NOVEMBER 1, 2024

On Thursday, November 7 at 1:00 p.m. Central, the next installment in the Five Star Institute Webinar Series will be held when the Five Star Institute , in partnership with Consolidated Analytics , presents “ Claims Management Best Practices: Reducing Losses and Maximizing Recoveries.” The Five Star Institute Webinar series aims to broaden the horizons of the mortgage industry.

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Housing Wire

NOVEMBER 1, 2024

Editor in Chief Sarah Wheeler sat down with Optimal Blue CEO Joe Tyrrell to talk about how the company decides where to deploy generative AI and why return on investment (ROI) for customers is paramount. Before arriving at Optimal Blue this year, Tyrrell served as president at ICE Mortgage Technology and as chief operating officer at Ellie Mae. This interview has been condensed for length and clarity.

Technology 386

Technology Investing Lending Loan Officers 386

Appraisal Buzz

NOVEMBER 1, 2024

Mortgage technology firm BSI Financial Services has launched Portfolio Guardian, an AI-driven predictor model that calculates the likelihood a borrower will refinance their mortgage within the next 90 days. Portfolio Guardian generates a precise prepayment score for each borrower in BSI’s portfolio, allowing BSI and its clients to strategically target refinancing opportunities and enhance customer retention, the firm says in a release.

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Housing Wire

NOVEMBER 1, 2024

The National Reverse Mortgage Lenders Association (NRMLA) said this week that it has submitted comments to the U.S. Department of Housing and Urban Development (HUD) requesting that the agency, at minimum, align its cybersecurity reporting requirements with those of Ginnie Mae. Ideally, however, it wants the extension to be even longer. A draft Mortgagee Letter (ML) was posted Sept. 30 and is viewable on the Single Family Drafting Table , an online portal for proposed but not yet implemented HUD

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Appraisal Buzz

NOVEMBER 1, 2024

Only about 12,000 jobs were added to the U.S. economy in October, far below expectations, while the unemployment rate remained unchanged at 4.1%, according to the U.S. Bureau of Labor Statistics. Employment continued to trend up in the health care and government sectors, but decreased in temporary help services and manufacturing, due mainly to strike activity.

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Housing Wire

NOVEMBER 1, 2024

Unfortunately for the Federal Reserve and voters looking for clarity ahead of next week’s presidential election , the October jobs report paints a murky picture of the nation’s economic status. Data released Friday by the U.S. Bureau of Labor Statistics (BLS) shows that 12,000 nonfarm payroll jobs were added in October, essentially unchanged month over month.

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Appraisal Buzz

NOVEMBER 1, 2024

Dallas, TX – October 31, 2024 – ClearValue Consulting , a leading provider of innovative solutions in the valuation industry, today announced a strategic partnership with Restb.ai to integrate its advanced computer vision technology into ClearValue’s comprehensive valuation review platform, Certainty. This new partnership helps revolutionize the appraisal review process by increasing efficiency, reducing costs and improving overall quality control.

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Housing Wire

NOVEMBER 1, 2024

Deephaven Mortgage , a Charlotte-based lender focused on nonqualified mortgages (non-QM), has recently expanded its home equity offerings with a new closed-end second-lien product and the introduction of a home equity line of credit ( HELOC ). “Today’s second-lien market presents a significant opportunity,” said Tom Davis , Deephaven’s chief sales officer, in an interview during the Mortgage Bankers Association (MBA)’s Annual Convention & Expo in Denver this week.

Mortgage 358

Mortgage Investors Renovations Valuation 358

Real Estate News

NOVEMBER 1, 2024

10 questions every listing agent had better be able to answer, from whether to list on the MLS or offer buy-side compensation to what goes into pricing a home.

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Sellers Agents 227

Housing Wire

NOVEMBER 1, 2024

In this week’s episode of the Power House podcast , host Diego Sanchez sits down with FirstTeam Real Estate CEO Michele Harrington for a provocative conversation about female empowerment, leadership in the real estate industry and recruitment strategies. This interview has been edited for length and clarity. The duo start the conversation by exploring Harrington’s path into the CEO’s role at FirstTeam.

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Real Estate News

NOVEMBER 1, 2024

Numbers were down, but revenue declines slowed. Leadership painted a cautiously optimistic picture — and presented its point of view on Clear Cooperation.

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Housing Wire

NOVEMBER 1, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO), a subsidiary of the Mortgage Bankers Association (MBA), has been developing a series of uniform technology standards that will ideally allow for the somewhat siloed reverse mortgage industry to more easily collaborate with others in the mortgage finance ecosystem. Jonathan Kearns, vice president of technology at MISMO, sat down with HousingWire ’s Reverse Mortgage Daily (RMD) at the MBA Annual Convention & Expo in Denver this

Mortgage 349

Mortgage Technology Loan Officers Development 349

Inman

NOVEMBER 1, 2024

The allegations launched by two former employees claim that closing statements had been altered to bump up agent commissions, with a particular bias in favor of the Altman Brothers team.

Business 154

Business Agents Brokerage 154

Housing Wire

NOVEMBER 1, 2024

In the newest episode of the HousingWire Daily podcast , host Sarah Wheeler sits down with Freddie Mac ’s Sonu Mittal — the agency’s senior vice president and head of single-family acquisitions — to explore its recently announced alternative to loan repurchases , as well as appraisal waivers and how they address lender pain points in 2024. This interview has been edited for length and clarity.

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Appraisal Sellers Appraisal Process Design 330

Inman

NOVEMBER 1, 2024

Hurricanes and strikes were expected to dent job creation, and bond market investors are looking ahead to next week's election, Fed meeting and government bond auctions.

Government 153

Government Investors Mortgage Marketing 153

Housing Wire

NOVEMBER 1, 2024

With mortgage rates moving closer to 7% once again, recent homebuyers are finding creative ways to lock in lower rates. A survey from Zillow conducted between March and September of this year found that 45% of recent buyers — half of whom bought a home in the past year and the other half in the past two years — secured rates below 5%. This comes despite rising mortgage rates and a 115% increase in the typical mortgage payment compared to pre-pandemic levels.

Mortgage 305

Mortgage Finance Buyers Loan Officers 305

Inman

NOVEMBER 1, 2024

On top of his first MLB World Series title, Ohtani has been crowned by Inman readers as the champion of luxury real estate for his new build with ocean views on the Big Island.

Real Estate 145

Real Estate Brokerage 145

Eyes on Housing

NOVEMBER 1, 2024

Private residential construction spending inched up 0.2% in September, according to the Census Construction Spending data. The September report shows a 4.1% rise compared to a year ago. The monthly increase in total private construction spending for September was largely due to more spending on single-family construction. Spending on single-family construction rose by 0.4%.

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Construction 97

Inman

NOVEMBER 1, 2024

The proposed settlements seek to cover too many claims for too little money and let too many in the industry have a "free pass," more than a dozen homesellers argued ahead of a Nov. 26 decision.

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Realtors Brokerage Agents 144

Eyes on Housing

NOVEMBER 1, 2024

Job growth decelerated significantly in October, driven by the effects of strikes and hurricanes. As stated in this month’s job report, October data are “the first collected since Hurricanes Helene and Milton struck the United States”. Despite lower monthly job gains, the unemployment rate held steady at 4.1%, indicating the labor market remains solid.

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Inman

NOVEMBER 1, 2024

Mortgage giants Fannie Mae and Freddie Mac provided backing for $164 billion in purchase mortgages in Q3, up 10 percent from Q2, while growing combined net worths to $147 billion.

Mortgage 132

Mortgage Finance Marketing 132

Eyes on Housing

NOVEMBER 1, 2024

Building on the post-pandemic trend, the share of young adults living with their parents fell to a decade low, according to NAHB analysis of 2022 American Community Survey (ACS). However, young adults continue to face difficult decisions about their living arrangements due to elevated home prices and increasing costs of living. While some young people.

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Inman

NOVEMBER 1, 2024

Blanket is property management software that centers on portfolio growth rather than reactive, day-to-day oversight of rental properties. It can do the latter, but the former makes it a unique entry to the market worth consideration for anyone who wants become a full-time landlord.

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Tenants Property Management Landlords Marketing 131

Appraisal Today

NOVEMBER 1, 2024

Newz: FHFA Waiver Expansion, AMC Appraisal Fees, Appraising Kitchens November 1, 2024 What’s in This Newsletter (In Order, Scroll Down) Construction Progress Inspection Reports: Claims Involving ADUs and Remodels Appraising Kitchens: Understanding Trends, Functionality, and Market Expectations Lake Tahoe Ranch Hits the Market for $188 Million, Making It One of the Priciest Listings in the U.S.

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Appraisal Training Contracts Mortgage 86

Inman

NOVEMBER 1, 2024

Investing time and effort into community involvement, The Agency's Rainy Hake Austin writes, is a powerful strategy for personal branding in luxury real estate.

Real Estate 136

Real Estate Investing Brokerage Agents 136

BiggerPockets

NOVEMBER 1, 2024

Real estate investing is one of the best ways to build wealth, but there’s a hidden trap that even seasoned investors fall into—it’s called poor bookkeeping practices that quietly drain […]

Investors 67

Investors Real Estate Investing Property Management 67

Inman

NOVEMBER 1, 2024

Real Director of Marketing Md Kamruzzaman writes that in today’s crowded marketplace, even boutique buildings need a distinct brand identity to stand out and attract buyers and tenants.

Tenants 125

Tenants Agents Buyers Marketing 125

BiggerPockets

NOVEMBER 1, 2024

As the U.S. anxiously awaits the outcome of the presidential election on Nov. 5, some of that anxiety is reportedly spilling over into the real estate market.

Housing Market 69

Housing Market Marketing Real Estate Buyers 69