Housing Wire
JANUARY 24, 2024
Fannie Mae has announced updates to its HomeReady product, including a temporary $2,500 credit for very low-income purchase borrowers to use for down payment and closing costs. Another step the government-sponsored enterprise took was to enhance the best efforts commitments on HomeReady loans. It allows lenders to lock in margins and reduce hedging costs.
George Dell
JANUARY 24, 2024
Time adjustments are not required. Unless they are needed. Appraisal time adjustments are also labeled as “market conditions” adjustments. Or, more recently in Evidence Based Valuation, “Market Price Indexing (MPI)©”. The FHFA blog post of 1/16/2024 defines “underappraisals” as those loan appraisals which come in below the contract price. The rising market […] The post No Time Adjustments!?
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Housing Wire
JANUARY 24, 2024
Mortgage demand continued to increase last week, as seen in an uptick in purchase activity. Mortgage applications rose by 3.7% in the week ending Jan. 19 compared to one week earlier on a seasonally adjusted basis, per the Mortgage Bankers Association ‘s (MBA) weekly mortgage applications survey. “Conventional and FHA purchase applications drove most of the increase last week as some buyers moved to act early this season,” Joel Kan , MBA’s vice president and deputy chief economist, said in a st
Real Estate News
JANUARY 24, 2024
The best way to protect consumers and raise the bar for the entire industry? Require buyer agency agreements across the board.
Housing Wire
JANUARY 24, 2024
Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac announced this week the release of their “Mission Index,” updating or expanding their single-family social bond framework to better communicate the goals of the index to stakeholders and investors. The GSEs issued separate announcements and a joint statement. Freddie Mac updated its single-family social bond framework which includes refinements to its mortgage-backed securities (MBS) disclosures, “designed to further support unde
Real Estate News
JANUARY 24, 2024
The lawsuits, known as Batton 1 and Batton 2, may soon be combined, with both moving forward under Judge Andrea Wood.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
JANUARY 24, 2024
Attract buyers by taking your value proposition to the next level with advice from Chelsea Hamre from RE/MAX, Julia Boland from Corcoran, DJ Ten Hoeve from Keller Williams at Inman Connect New York.
Housing Wire
JANUARY 24, 2024
Limited housing supply and a continuation of high home prices in many markets nationwide in 2023 restricted many first-time homebuyers from entering the housing market and finding their dream homes. But there appears to be a light at the end of the tunnel as mortgage rates are expected to steadily decrease, allowing homeownership to be within reach for more Americans.
Inman
JANUARY 24, 2024
Jill Biggs and Sean Soderstrom argued Wednesday at Inman Connect New York that leaders have to learn to find their specialties — and to delegate.
Housing Wire
JANUARY 24, 2024
Agents subscribed to Bright MLS now have access to a built-in advertising tool through a new partnership with Collabra Technology , according to an announcement on Tuesday. Through the Bright MLS platform, subscribers will have access to Collabra’s AdBuilder , which lets agents plan and schedule paid digital advertising campaigns from the MLS ’ platform.
Inman
JANUARY 24, 2024
The HGTV star announced his forthcoming book, "Flip Your Life," at ICNY on Wednesday. "We all face struggles, we all face pain, and it's about what you do with those struggles and what you do with that pain," El Moussa said.
Housing Wire
JANUARY 24, 2024
Delinquencies rose in December but the rise is mostly due to the calendar: December ended on a Sunday, so payments made on the last day of the month were credited to January. As a result, some loans appeared temporarily delinquent, ICE noted in its First Look Mortgage Performance report. The national delinquency rate rose to 3.57% in December, up from 3.39% in November.
Inman
JANUARY 24, 2024
Realtor.com data suggests there will only be three listings per agent in 2024 and that sellers who want to close a deal in April are already looking for representation.
Housing Wire
JANUARY 24, 2024
San Diego-based reverse mortgage wholesale lender Smartfi Home Loans has forged a partnership with LoanPASS to use the technology company’s software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. Stating its desire to expand reverse mortgage wholesale lending through a series of inter-company partnerships, the new accord serves as an example of its broader goal, according to a statement from Gregg Smith, CEO of Smartfi.
Inman
JANUARY 24, 2024
The founder of The Agency is part of a team launching the American Real Estate Association as NAR continues to face criticism and legal trouble.
Housing Wire
JANUARY 24, 2024
A cohort of former employees at now-defunct reverse mortgage lender Live Well Financial has been granted final settlement approval in a class action lawsuit brought against the company’s estate in May 2019. Monica Williams, a former loan account manager in Live Well’s Richmond, Va. headquarters, initially filed the suit days after Live Well had halted funding for new loans and subsequently ceased operations entirely.
Eyes on Housing
JANUARY 24, 2024
According to the January 2024 survey for the NAHB/Wells Fargo Housing Market Index, high interest rates were a significant issue for 90% of builders in 2023, and 77% expect them to be a problem in 2024. The second most widespread problem in 2023 was rising inflation in US Economy, cited by 83% of builders, with 52% expecting it to be.
Housing Wire
JANUARY 24, 2024
New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. The investment represents half of the bank’s three-year Community Impact Plan announced Wednesday, which will direct $20 billion to lending, philanthropy, and banking access, among other initiatives, for the benefit of diverse and underserved communities.
Inman
JANUARY 24, 2024
A panel of real estate PR reps and social media influencers told ICNY attendees to remember that the brand is you, the cameras are always on, and whatever you do, avoid talking politics this election year.
BiggerPockets
JANUARY 24, 2024
Home prices have grown year over year through the last several months and show no signs of slowing down. Some markets have more momentum than ever and have emerged as early hot spots this year. Here's what you need to know.
Inman
JANUARY 24, 2024
The Anywhere CEO challenged individual leaders to step up, rather than be dependent on NAR to lobby for the industry in Washington. He added that the most important thing for leaders today are vision and attitude.
BiggerPockets
JANUARY 24, 2024
The secret to reliable rental income isn't the property, the location, or the amount of money you put in. It's this, and it's a straightforward thing to get right.
Inman
JANUARY 24, 2024
Team leaders Megan Romine, Ryan Butler and Elias Astuto discussed how enforcing standards, sharing responsibilities and staying engaged with your agents and community are key to creating a successful, long-lasting business.
BiggerPockets
JANUARY 24, 2024
Want to defer thousands of dollars in taxes without barely lifting a finger? Well, read this article to learn how to do just that.
Inman
JANUARY 24, 2024
The mortgage lender has restored websites that collect payments, accept loan applications and match homebuyers with partner real estate agents after Jan. 4 cyberattack.
BiggerPockets
JANUARY 24, 2024
If you want to reach financial freedom, knowing how to save money is crucial.
Inman
JANUARY 24, 2024
Unpack the tools and insights you’ll need for 2024 with Red Apple Coaching and Consulting’s Mary-Anne Gillespie, Compass’ Courtney Smith and Douglas Elliman’s Jacky Teplitzky.
BiggerPockets
JANUARY 24, 2024
You asked, and we answered. Here’s our step-by-step guide on how to buy a house in 2024.
Inman
JANUARY 24, 2024
Intel is highlighting the most important data releases and events slated for each month of 2024 in an effort to help industry observers follow the arc of residential real estate's rebound this year.
GoForrmz
JANUARY 24, 2024
GoFormz is proud to be showcasing the latest in digital form management Beginning January 28th, 2024, the GoFormz team is proud to be appearing at the Acumatica Summit hosted at the Wynn Las Vegas! The Acumatica Summit is an annual event that brings together professionals, thought leaders, vendors, and Cloud-based enterprise resource planning (ERP) experts.
Inman
JANUARY 24, 2024
Purchase mortgage applications surge by 8 percent as homebuyers seeking to take advantage of the recent decline in rates get an early jump on the spring homebuying season.
Mortgagebroker News
JANUARY 24, 2024
New report highlights the Canadian rental sector's main price growth drivers and challenges
Inman
JANUARY 24, 2024
Tech and team leaders at different sessions at Inman Connect New York on Tuesday stressed how agents can think outside the box to provide solutions for themselves, their clients, and other agents in the industry.
Mortgagebroker News
JANUARY 24, 2024
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