Tue.Jan 21, 2025

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Education and problem solving are keys to reverse for purchase business, agents say

Housing Wire

The Home Equity Conversion Mortgage ( HECM ) for Purchase (H4P) program has long been positioned by reverse mortgage professionals as a viable path for expanding the base of reverse mortgage business. It would allow older homeowners to use a reverse mortgage to purchase a new home. While the required down payment on a home purchased with H4P is much higher when compared to a traditional mortgage, it comes with more flexible repayment options, and the large down payment is typically financed with

Agents 397
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LenderLogix Homebuyer Intelligence Report Shows Improving Affordability Conditions

Appraisal Buzz

Borrowers generated 37,831 pre-approval letters through LenderLogix s QuickQual pre-approval platform in the fourth quarter, a decrease of 23.4% compared with the third quarter. The average number of pre-approved borrowers per loan officer decreased to 23, down from 28.5 in the third quarter, according to the firms Homebuyer Intelligence Report. The average pre-approval letter loan amount decreased slightly to $322,532, down from $388,215 in the third quarter.

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Nosalek plaintiffs seek preliminary approval of MLS PIN settlement

Housing Wire

The National Association of Realtors (NAR) commission lawsuit settlement agreement as well as settlements reached by RE/MAX, Keller Williams, Anywhere , Compass, Redfin, At World Properties and many others may have received final approval , but the first commission lawsuit settlement to be reached has not been so fortunate. Initially announced in the summer of 2023, the settlement is between the Nosalek plaintiffs and defendant MLS Property Information Network (MLS PIN).

Sellers 370
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Trending: Seeing Red (Book) and getting flashy on Bluesky

Inman

Real estate agents, stay ahead of the TikTok ban with expert advice from Jessi Healey. Explore alternatives like Xiaohongshu and Bluesky's Flashes and learn how tools like YouTube Shorts can help you adapt and grow your marketing strategy.

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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After sentencing of reverse mortgage scammer, Illinois activists seek home preservation program

Housing Wire

Last week, Mark Steven Diamond who was found guilty of bilking older homeowners in the Chicago area out of money through a reverse mortgage scam was sentenced in federal court to a 17-year prison term. In the fallout of the sentencing, an organization in Illinois is seeking to codify a home preservation program for seniors into state law, according to reporting by CBS News.

Mortgage 370

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The FICS advantage: Leveraging automation for smarter mortgage servicing in 2025

Housing Wire

After years of high interest rates, and price spikes, mortgage lenders are optimistic heading into 2025. Fannie Mae predicts a 28% increase in mortgage originations to $2.1 trillion. The Mortgage Bankers Association (MBA) also predicts that total origination volume will increase by 28.5% to $2.3 trillion. Alongside that, Fitch expects mortgage servicing rights (MSR) amortization costs and write-downs to increase with higher pre-payments.

Mortgage 370
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$1.1B Living Realty affiliates with Keller Williams in Toronto, Canada

Inman

With 550 agents and 35 staff members expected to transition to Keller Williams in March, the partnership will clinch Living Realty as KW's largest market center in Canada by agent count.

Realty 149
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RE/MAX hires Travis Saxton as EVP of strategy

Housing Wire

The executive changes at RE/MAX continue. On Tuesday, RE/MAX Holdings , the parent company of RE/MAX and Motto Mortgage , announced it was welcoming Travis Saxton as its new executive vice president of strategy. According to the release, Saxton will be tasked with guiding real estate strategy and technology innovation with a focus on integrating solutions to optimize operations and support affiliate growth.

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Inman unveils class of 2025 Power Players, New York Power Brokers and MLS Reinvented award winners

Inman

The 2025 Power Players award celebrates 143 industry leaders whose power and influence are shaping the future of real estate. This marks the start of a year dedicated to honoring the very best of our community.

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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.

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Bay Area brokerage buys back independence to ‘make meaning, not money’

Housing Wire

The moment felt surreal and inspiring for Chris Trapani and Ryan Iwanaga, co-founders of the Christie’s International Real Estate Sereno brokerage, as they repurchased their independence from @properties. After inking the deal, the leaders say they have one mission in mind for Sereno’s future make meaning, not money. The move came after @properties finalized a merger with Compass , which Northern California-based Sereno won’t be a part of.

Brokerage 370
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Why one broker took on NAR: ‘They just keep overreaching’

Real Estate News

A Texas lawsuit is about more than membership rules, its about forcing NARs hand. The louder we roar, the more likely we are to actually make them change.

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Real estate negotiation: 8 effective strategies from a KW mega broker

Housing Wire

Negotiation is not just a skill its an art. In real estate, knowing the keys to a successful negotiation is essential. Skillful negotiations can not only help you build a more sustainable career they can also help you earn higher compensation, get more listings, and achieve more satisfying outcomes for your clients. After 29 years and thousands of listing presentations, I have found that sellers, more than ever, want an agent who has solid negotiation chops and who is willing to use them on th

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Decoded: The ‘behind-the-scenes demands’ over Clear Cooperation

Real Estate News

CRMLS CEO Art Carter explains what some brokerages are asking for and why the nations largest MLS has decided to "stand firmly" behind the divisive policy.

Brokerage 284
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Anywhere Real Estate’s Charlotte Simonelli on navigating 2025 with financial discipline and the help of AI

Housing Wire

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors Choice Awards. Nominations for HousingWires 2025 Finance Leaders Award are open now through January 31, 2025. Click here to nominate a Finance Leader. HousingWire recently caught up with Charlotte Simonelli, Executive Vice President and Chief Financial Officer of Anywhere Real Estate Inc. , to discuss the trends shaping the housing industry in 2025.

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Take the Inman Intel Index survey for January

Inman

Each month, hundreds of real estate agents, brokers, executives and investors report on what they're seeing in their corner of the industry. Add your insights. Take the survey.

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MBA teams with Cleveland State University on mortgage banking education program

Housing Wire

The Mortgage Bankers Association (MBA)s education division, MBA Education, recently launched its Mortgage Banking Bound (MBB) program at Cleveland State University. The program, which is led by adjunct professor Debbie Hoffman a visiting assistant professor at the Cleveland State University College of Law offers a three-credit undergraduate course on residential mortgage origination and processing.

Mortgage 370
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3 Mobile Roofing Forms Every Contractor Needs

GoForrmz

Originally published on 01/15/2019 Streamline data capture and documentation for your roofing team From roof replacements to leak and repair services, relying on paper forms to capture critical roofing project data introduces opportunities for human error and missing data. Eliminating these data vulnerabilities begins with digitizing your construction forms for more expedient, convenient data capture on phones and tablets.

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Demographic Analysis of Labor Force Participation Rate

Eyes on Housing

A key indicator of the labor market is the labor force participation rate. This rate is the percentage of working-age adults in a population who are working or looking for work. The rate is a critical measure connected to both housing demand and housing supply (via the construction labor force). According to the Employment Situation.

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25 ways to thrive during real estate conference season

Inman

Let frequent conference attendee, speaker and organizer Nikki Beauchamp share key strategies that help her not just survive but thrive during this busy period.

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Learn to Spot Signs of Trouble in Homes for Sale

Hank Miller Team

If we subscribe to the "no substitute for experience" mantra, then a well seasoned agent is a home buyer's best asset. An experienced buyer's agent will actively look for signs of trouble in homes for sale. It's easy to follow "heart over head"; buyerstend tomake an emotional commitment to a home. If it's strong enough, they can overlook issues that a sharp buyer's agent will note and bring up for discussion.

Buyers 52
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Latest inflation data keeps BoC on course for January rate cut

Mortgagebroker News

December reading 'just good enough' to justify a reduction next week

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7 Maxed Out Credit Cards to Money Expert by Making a BIG Mental Shift

BiggerPockets

Are you building wealth but feel like you can never enjoy it? Do you struggle with money, fearing you carry the same poor financial habits as your parents?

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Are secondary suites the solution to Canada's supply crisis?

Mortgagebroker News

CMHC is expanding access to mortgage insurance for building new suites on existing properties

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Sellers Are Coming Back—Is the Lock-In Effect Finally Breaking?

BiggerPockets

According to data from Realtor.com, Q4 saw a promising stat: Sellers were coming off the sidelines and listing their homes. Listings were up 6.

Sellers 76
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Most Canadians concerned about recession, inflation: BMO

Mortgagebroker News

Survey reveals economic anxiety among Canadians, despite projections of growth

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Damages in Los Angeles Are Estimated to Cost Nearly $275 Billion

BiggerPockets

AccuWeather has estimated the cost of the LA wildfires to be $250 billion to $275 billion, making it the costliest blaze in U.S. history.

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Is Canadian consumer sentiment on the rise?

Mortgagebroker News

Survey suggests modest improvement despite ongoing concerns about prices, economic uncertainty, and housing costs

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Anthony Lamacchia Quoted in Recent Florida Daily Article

Lamacchia Realty

Anthony Lamacchia Quoted in Recent Florida Daily Article January 21, 2024 – Anthony Lamacchia , CEO, Broker, and Founder of Lamacchia Realty, was recently quoted in a recent article by Florida Daily. This article discusses how South Floridas real estate market is shifting, especially in the condo sector, where sales have slowed, and prices are adjusting.

Realty 65
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Westboro MIC CEO steps down after four-year tenure

Mortgagebroker News

Company highlights achievements and future plans

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Eliminating ‘Days on Market’ will hurt clients — and your commission

Inman

With some calling for the removal of "Days on Market" data on listings, broker Cara Ameer warns that consumers need context, insight and advice and concealing the information is a disservice.

Clients 167
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Jasper's housing plan faces challenges amid standoff with Alberta Government

Mortgagebroker News

Housing plan met with criticism after wildfire recovery stalls