Housing Wire

SEPTEMBER 12, 2024

Home equity continued to rise in the second quarter of 2024 as residential properties with mortgages collectively gained $1.3 trillion in equity over the past year. But growth began to slow during these three months, according to the CoreLogic Homeowner Equity Insights report published on Thursday. The aggregate equity gain was 8% year over year, bringing total equity on mortgaged properties to more than $17.6 trillion at the end of Q2 2024.

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Insurance Mortgage Housing Market Finance 475

Appraisal Buzz

SEPTEMBER 12, 2024

In total, some 30,227 U.S. homes had foreclosure filings, such as default notifications, scheduled auctions, or bank repossessions, according to ATTOM’s August 2024 U.S. Foreclosure Market Report. This number was down 5.3% from a month ago and down 11% from a year ago. “Foreclosure activity has remained relatively steady in recent months, with both foreclosure starts and completed foreclosures declining in August,” said Rob Barber, CEO at ATTOM.

Housing Market 370

Housing Market Appraisal Marketing 370

Housing Wire

SEPTEMBER 12, 2024

Lower mortgage rates over the past several months have led to increased affordability for prospective homebuyers, and this could lead to an extra competitive fall 2024 season. That’s according to a Zillow report released Thursday in which the Seattle -based real estate company said that “lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year.“ Zillow noted that the U.S. median monthly mortgage payment in August had declined by mo

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Housing Market Marketing Inventory Buyers 468

Appraisal Buzz

SEPTEMBER 12, 2024

Legal League recently hosted four training sessions for more than 80 mortgage servicers. Classes included content from Legal League’s Level 1 and 2 certifications combined with new, unique content requested by the servicer’s Foreclosure, Bankruptcy, and Loss Mitigation teams. The Legal League is a professional association of financial services law firms in the United States.

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Legal Training Law Real Estate 243

Housing Wire

SEPTEMBER 12, 2024

In a recent episode of the “Real Estate Insiders Unfiltered” podcast, co-hosts James Dwiggins and Keith Robinson chat with HousingWire Lead Analyst Logan Mohtashami to discuss a variety of issues — including pending concerns of a recession , mortgage rates and housing affordability issues that persist across the country. Mohtashami has worked in the mortgage and real estate industries since 1996, and he takes pride in his ability to quickly decipher data, form opinions and deliver actionable ins

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Real Estate Real Estate Agent Loan Officers Agents 458

Appraisal Buzz

SEPTEMBER 12, 2024

According to a recent report from Redfin , mortgage-rate locks for second homes declined 13.1% year-over-year in August to the lowest level since March 2016. In contrast, there was a 5.2% reduction in mortgage-rate locks for primary homes. Rate locks for primary residences decreased by 31.9%, while rates for second properties decreased by 59.2% from pre-pandemic levels.

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Mortgage Real Estate Agent Government Contracts 221

Real Estate News

SEPTEMBER 12, 2024

The downward trend hasn’t fired up buyers (yet), but predictions of more cuts this year could move rates closer to 5% and amp up the market next spring.

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Mortgage Buyers Marketing 279

Housing Wire

SEPTEMBER 12, 2024

Baby boomers are a key constituency for the reverse mortgage industry since they are currently the generation with the largest share of the population at or above the age of 62. A recent SmartAsset analysis of 2023 Home Mortgage Disclosure Act (HMDA) pinpointed where boomers are most active within the U.S. housing market. “ Retirement often signals a major shift in a person’s life.

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Housing Market Marketing Insurance Sellers 430

Appraisal Buzz

SEPTEMBER 12, 2024

Mortgage rates dropped to the lowest level since February 2023 this week, as the average rate for a 30-year fixed-rate mortgage fell to 6.20%, down from an average of 6.35% last week and down from 7.18% a year ago, according to Freddie Mac’s Primary Mortgage Market Survey. “Mortgage rates have fallen more than half a percent over the last six weeks and are at their lowest level since February 2023,” says Sam Khater, chief economist for Freddie Mac, in a statement.

Mortgage 195

Mortgage Buyers Appraisal Marketing 195

Housing Wire

SEPTEMBER 12, 2024

Compass is adding a new team to its Dallas roster. The real estate brokerage announced this week that the B-W Group is joining up and will operate out of its Park Cities office. The group reportedly tallied $56.8 million in sales volume in 2023. It is led by the mother-daughter team of Michele Balady Beach and Lindsay Beach. Jamie Moore is also a member.

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Brokerage Real Estate Clients Agents 420

Appraisal Buzz

SEPTEMBER 12, 2024

PERSON OF THE WEEK: Since the pandemic, the mortgage industry has transitioned from a refinancing boom to a market characterized by elevated interest rates. As a result, many mortgage lenders have shifted their approach. Leveraging advanced data tools and technology, lenders are better understanding their borrowers, improving security measures, and creating a more robust and efficient lending landscape – thus helping them adapt to the new lending environment.

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Lending Real Estate Agent Real Estate Agents 195

Housing Wire

SEPTEMBER 12, 2024

The Consumer Financial Protection Bureau (CFPB) has ordered TD Bank to pay $28 million for illegal actions that could tarnish consumer credit reports and for not taking timely action to correct its errors. The CFPB’s investigation found that for several years, TD Bank repeatedly gave inaccurate account information to consumer reporting companies, which at times contained systemic errors about personal bankruptcies and credit card delinquencies, the bureau said Wednesday.

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Landlords Law Finance Mortgage 402

Appraisal Buzz

SEPTEMBER 12, 2024

Ben Head has joined LenderLogix , a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, as an account executive. Head has more than 20 years of sales experience in the mortgage industry. He joins LenderLogix from Enact Mortgage Insurance, where he served as a strategic accounts representative for more than 12 years.

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Loan Officers Insurance Technology Mortgage 195

Housing Wire

SEPTEMBER 12, 2024

First launched in April of 2020, the Pass-Through Assistance Program (PTAP) was an important initiative designed to provide mortgage servicers with the liquidity needed to endure the financial challenges due to the COVID-19 pandemic. As millions of borrowers struggled to meet their mortgage payments, PTAP served as a lifeline, ensuring that servicers could meet their obligations to investors.

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Tools Housing Market Investors Mortgage 334

Miller Samuel

SEPTEMBER 12, 2024

This week I joined Jim Duncan and his colleagues at Nest Realty in Virginia. I’ve known Jim for years through our mutual online writings. His Jim’s Note has always been a must read for me. “This week, we were joined by Jonathan Miller, President and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm based in NYC.

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Realty Real Estate Insurance Appraisal 195

Real Estate News

SEPTEMBER 12, 2024

An amended complaint by a former project manager adds new claims and details to sexual harassment, discrimination and retaliation allegations.

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Project Management 216

Inman

SEPTEMBER 12, 2024

The search platform is already live on the multiple listing service's website and comes amid a growing interest in using artificial intelligence to improve consumer home searches

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Technology 183

Real Estate News

SEPTEMBER 12, 2024

With industry rule changes now in effect, the National Association of Realtors has been doubling down on education and outreach to buyers and sellers.

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Sellers Agents Realtors Buyers 209

Inman

SEPTEMBER 12, 2024

DHI Mortgage, Rate and CrossCountry Mortgage ranked as biggest employers of top-producing Latino mortgage originators by the National Association of Hispanic Real Estate Professionals (NAHREP)

Real Estate 186

Real Estate Mortgage Tools Buyers 186

Empire Appraisal Group

SEPTEMBER 12, 2024

Welcome to the Fun State of Florida Source: [link] By Sara Filips A new study ranked Florida as the #1 state for great daytime and nighttime activities, including restaurants, theme parks and festivals. TAMPA, Fla. – “Fun” can be defined in many ways, but one study reveals that Americans can collectively agree on certain states that are considered more fun than others.

Appraisal 78

Appraisal 78

Inman

SEPTEMBER 12, 2024

Twenty-three-year-old Century 21 Scala Group agent Matt Torres shares his journey to the 2024 Paris Paralympics and the key to helping people with disabilities thrive.

Agents 172

Agents Brokerage 172

Lamacchia Realty

SEPTEMBER 12, 2024

5 MISTAKES TO AVOID WHEN FURNISHING YOUR NEW HOME Furnishing a new home can be both exciting and overwhelming, especially for first-time homebuyers. With so many decisions to make, it’s easy to get swept up in the process and make common mistakes that can affect the comfort, functionality, and overall look of your home. To help you avoid these pitfalls, here are some key mistakes to steer clear of when furnishing your first home.

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Realty Decorating Design Buyers 74

Inman

SEPTEMBER 12, 2024

August marked the eighth consecutive month in which Manchester, New Hampshire, was ranked the hottest U.S. market by Realtor.com. The top 20 hottest markets were all in the Northeast and Midwest.

Marketing 168

Marketing 168

Lamacchia Realty

SEPTEMBER 12, 2024

Joselin Malkhasian & Nicole Vermillion quoted in recent Boston Globe article On September 11th, Lamacchia REALTORS® Joselin Malkhasian and Nicole Vermillion were quoted in a new Boston Globe article discussing why agents say that the fall of an election year is the best time to purchase a home. “The housing market gets a little slower during an election year.

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Inspection Decorating Realty Sellers 74

Inman

SEPTEMBER 12, 2024

The future of senior home sales is here, and the most successful agents and brokers will be those who are ready to meet it head-on, senior expert and author Nikki Buckelew writes.

Agents 159

Agents 159

Mortgagebroker News

SEPTEMBER 12, 2024

Rate cuts are sparking hopes – and that could mean new business for brokers

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Business 86

Inman

SEPTEMBER 12, 2024

Roshani Sheth filed a lawsuit against the National Association of Realtors in June, alleging discrimination, sexual harassment and retaliation. A new filing offers more details.

Realtors 168

Realtors Brokerage Agents 168

Mortgagebroker News

SEPTEMBER 12, 2024

Canadian banks said stricter rules will put them on an uneven playing field with global competitors

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Inman

SEPTEMBER 12, 2024

The commission lawsuits are a wakeup call for real estate, new Inman contributor Mathew Speer writes. Now is the time to raise your standards and truly embrace transparency.

Real Estate 168

Real Estate Brokerage Agents 168

Mortgagebroker News

SEPTEMBER 12, 2024

Experts estimate $130bn in suspicious transactions flow through real estate transactions

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Real Estate 81

Inman

SEPTEMBER 12, 2024

It’s a tough market, but this is the market where careers are made, Real’s Jimmy Burgess writes. Double down on your work ethic, sharpening your skills and serving others.

Marketing 168

Marketing Agents 168

Mortgagebroker News

SEPTEMBER 12, 2024

GTA condo market has "hit rock bottom," says real estate expert

Real Estate 81

Real Estate Marketing 81

Inman

SEPTEMBER 12, 2024

The iBuyer has appointed David Benson to its board of directors, effective immediately. Benson was Fannie Mae's president for six years, retiring from the role in May 2024.

Technology 179

Technology 179

Mortgagebroker News

SEPTEMBER 12, 2024

Disciplinary action raises questions about blind bidding in real estate

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Real Estate 76