Housing Wire

MAY 20, 2024

Fraud and forgery claims represented more than one-fifth of the total dollars spent by title insurers on claims expenses and losses over the past decade, according to a study conducted by Milliman and commissioned by the American Land Title Association (ALTA). Between 2013 and 2022, title insurers recorded 203,181 claims for policies written during that time, and they paid out $4.4 billion in claims related to losses and loss expenses.

Insurance 437

Insurance Inspection Government Mortgage 437

Real Estate News

MAY 20, 2024

With many owners of existing homes hesitant to give up their low mortgage rates, new homes continue to account for an outsize share of the market.

Construction 291

Construction Mortgage Marketing 291

Housing Wire

MAY 20, 2024

California -based multichannel lender and servicer PennyMac Financial Services announced on Monday a proposed private offering of a $650 million aggregate principal amount of senior notes that the company says it will pay back with interest by 2030. The notes will “be fully and unconditionally guaranteed on an unsecured senior basis” by the company’s existing businesses, except for certain specific outliers it does not specify.

Law 376

Law Investors Buyers Business 376

Real Estate News

MAY 20, 2024

Minnesota’s largest multiple listing service embraces its “broker-centric, tech-forward focus” as it works through rules changes and pursues collaboration.

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Housing Wire

MAY 20, 2024

The U.S. Department of Housing and Urban Development (HUD) announced on Monday morning an extension to Ginnie Mae’s digital collateral program and an increase to fees servicers can charge on assumable mortgages , aiming to bring more efficiency and affordability to the housing market. “The past four years have placed a series of stressors on the market, which have been exacerbated by long-standing gaps in housing supply,” Adrianne Todman, HUD’s acting secretary, said on

Mortgage 345

Mortgage Modernization Housing Market Finance 345

Appraisal Buzz

MAY 20, 2024

The share of mortgage loans in forbearance remained flat for a fourth straight month at 0.22% as of April 30, according to Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey. About 110,000 homeowners are currently in forbearance plans, the MBA estimates. Since March 2020, mortgage servicers have provided forbearance to approximately 8.1 million borrowers.

Mortgage 195

Mortgage Appraisal Marketing 195

Appraisal Buzz

MAY 20, 2024

Ben Rempe has been named president of mortgage services provider myCUmortgage , effective June 3. myCUmortgage is a credit union service organization (CUSO) and wholly owned by Wright-Patt Credit Union (WPCU). It provides a suite of mortgage solutions to nearly 200 credit union partners across the country. Rempe replaces Paul Sutor, who was serving as interim president and who will continue his role as vice president of risk management.

Lending 195

Lending Mortgage Appraisal 195

Housing Wire

MAY 20, 2024

Buying into homeownership is already challenging enough for many Americans, but keeping — and maintaining — a home can come with serious challenges as a person gets older. This may lead an older homeowner to consider a product like a reverse mortgage, but potential borrowers should be aware of the product’s details and the informational resources they can access.

Mortgage 327

Mortgage Insurance Property Taxes Development 327

Appraisal Buzz

MAY 20, 2024

The mortgage delinquency rate for residential properties increased to 3.94% of all loans in the first quarter, up 6 basis points compared with the fourth quarter, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. Compared with the first quarter of 2023, the delinquency rate was up 38 basis points. The percentage of loans on which foreclosure actions were started in the first quarter remained unchanged at 0.14%.

Mortgage 195

Mortgage Property Taxes Insurance Inventory 195

Housing Wire

MAY 20, 2024

The National Association of Realtors (NAR) proposed settlement of litigation, recently given preliminary approval by the Court, has raised questions about whether buyers with limited resources, especially first-time home buyers , can afford closing costs. The settlement will require buyers to sign written buyer agreements that clearly disclose how much and by whom their broker are compensated.

Buyers 326

Buyers Agents Counter Offer Sellers 326

Inman

MAY 20, 2024

AI is reshaping the landscape of property transactions, revolutionizing traditional processes and boosting overall efficiency.

Real Estate 208

Real Estate 208

Housing Wire

MAY 20, 2024

A recently released report from the Financial Stability Oversight Council (FSOC) that identifies vulnerabilities at nonbank mortgage servicers and makes some recommendations to avoid systemic risk is a ”tall order” for state regulators but isn’t only a ”wishful list,” according to Jason Cave, senior consultant at Patomak Global Partners. Cave spent nearly three decades in executive roles at the Federal Deposit Insurance Corp.

Government 325

Government Finance Design Insurance 325

Eyes on Housing

MAY 20, 2024

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates a slowing market for custom home building after a recent gain in market share. The subsector’s greater reliance on cash buyers has not shielded it from recent market softening, which in turn is putting downward pressure on home builder sentiment.

Design 170

Design Buyers Marketing 170

Housing Wire

MAY 20, 2024

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), is aware that some loan officers are taking creative — and, as detailed in a recent HousingWire investigation, often illegal — approaches to winning business. And he would be willing to reexamine the decade-old rule that prohibits LOs from misclassifying lead sources to lower their own compensation, although it hasn‘t been a priority as mortgage servicing is higher on the agency‘s to-do list.

Law 319

Law Loan Officers Development Mortgage 319

Inman

MAY 20, 2024

Miami Association of Realtors is the most recent MLS to link up with Sidekick, an AI productivity solution spun out of Avenue 8, an independent brokerage based in California.

Agents 150

Agents Brokerage Realtors Technology 150

Housing Wire

MAY 20, 2024

Mortgage capital markets tech firm Polly announced on Monday its API integration with cloud banking provider nCino to enhance the digital mortgage process for lenders. This integration combines Polly’s advanced pricing engine with nCino’s Mortgage Suite point-of-sale (POS) solution, offering lenders and originators increased flexibility and new opportunities to strengthen referral relationships.

Mortgage 319

Mortgage Real Estate Agent Loan Officers Technology 319

Inman

MAY 20, 2024

NAR's legal team, president and chief economist defended the group's cooperative compensation rule and used journalists as a scapegoat repeatedly during midyear panels earlier this month.

Legal 149

Legal Realtors 149

Eyes on Housing

MAY 20, 2024

Close to 23% (or over 2.5 million) of workers employed in construction are self-employed, according to the 2022 American Community Survey (ACS). As industry payrolls expanded in 2022, the share of self-employed inched down. However, the share remained higher than it was in 2019, before the pandemic rattled the labor market. Even though the COVID-19.

Construction 148

Construction Marketing 148

Appraiserblogs

MAY 20, 2024

The offshore firm will data-mine millions of images showing the personal spaces of U.S. homeowners and tenants. Fearing the Chinese government could access sensitive user data through the video app TikTok, House lawmakers passed a bill last month that would ban the app if it isn’t sold to new owners. But a greater peril looms. Mortgage giants Fannie Mae and Freddie Mac are reportedly “bench-testing” an arrangement with a foreign AI firm in which the offshore firm will data-mine millions of imag

Tenants 146

Tenants Appraisal Government Mortgage 146

Inman

MAY 20, 2024

Homebuyers need professional guidance more than ever as they complete one of the most important transactions of their lifetime.

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BiggerPockets

MAY 20, 2024

In the next few days, our Brooklyn, New York condo will hit the market, and we will begin the first half of our long-planned, much-anticipated, greatly agonized-over 1031 exchange.

Marketing 82

Marketing 82

Inman

MAY 20, 2024

The Inman Intel Index goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to real estate's most ambitious monthly survey today.

Real Estate 146

Real Estate Realtors Technology Brokerage 146

BiggerPockets

MAY 20, 2024

Have you ever thought about buying rental properties abroad? It might surprise you, but investing overseas could bring in much more cash flow and appreciation than you thought possible.

Investing 83

Investing Real Estate 83

Inman

MAY 20, 2024

Days after announcing the onboarding of UtahReealEstate.com, CEO and co-founder Michael Lucarelli’s rental industry software company is now available to members of REcolorado, the Centennial State’s largest.

Technology 136

Technology 136

BiggerPockets

MAY 20, 2024

Massachusetts is the latest state considering a transfer tax in a bid to increase funding for affordable housing, but the controversial fee doesn’t bode well for the Bay State’s already pricey real estate sector.

Real Estate 82

Real Estate Investors 82

Inman

MAY 20, 2024

Understanding the difference between steering and providing thoughtful and meaningful advice and guidance to clients is essential for navigating the future of real estate, mega team leader Carl Medford writes.

Real Estate 135

Real Estate Clients Brokerage Agents 135

BiggerPockets

MAY 20, 2024

According to a new report from ISG World, first cited in The Real Deal, over 50% of South Florida’s new condo developments are tailored toward short-term rentals.

Development 80

Development Real Estate 80

Inman

MAY 20, 2024

Homeowners with at least a 5 percent mortgage rate are three times more likely to enter the market soon as those with a sub-3.5 percent rate, according to results from Inman-Dig Insights' latest consumer poll.

Mortgage 129

Mortgage Marketing Brokerage Agents 129

BiggerPockets

MAY 20, 2024

Flipping comes with risk, but if you remember these important lessons when starting your next project, you're more likely to make a big profit.

Investors 83

Investors 83

Inman

MAY 20, 2024

The rap superstar reportedly purchased the Brentwood estate, which had not been on the market, from former Fox News Corp. Chief Legal and Policy Officer Viet Dinh and his wife, Jennifer Ashworth Dinh.

Legal 126

Legal Marketing Realty Real Estate 126

BiggerPockets

MAY 20, 2024

You DON’T have to spend your entire life chasing financial independence. Play your cards right, and you may not even need a whole decade!

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Inman

MAY 20, 2024

A growing network of partners including CoreLogic and Byte Software are accessing Polly's capital markets platform and product and pricing engine through open APIs.

Business 129

Business Marketing Technology Mortgage 129

Lamacchia Realty

MAY 20, 2024

Behind the incredible REALTORS® of Lamacchia Realty is a team of over 75 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views its staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.

Realty 67

Realty Brokerage Clients Agents 67

Inman

MAY 20, 2024

Investors Christian Gore and Itay Simchi shared 10 U.S. cities where they would never invest in real estate.

Investors 154

Investors Real Estate Investing Buyers 154