Housing Wire

MAY 29, 2024

Northwest MLS , the largest multiple listing service in the Pacific Northwest, will not take part in the $418 million agreement reached by the National Association of Realtors (NAR) in the Sitzer/Burnett case. In fact, NWMLS said that its own rules on buyer agent compensation are fairer and more transparent than the terms NAR agreed to in March. It also criticized NAR for pushing “consumers and brokers to make secret deals off MLS, inviting deceptive practices, discrimination and unfair housi

Sellers 508

Sellers Buyers Brokerage Realtors 508

Sacramento Appraisal Blog

MAY 29, 2024

Affording today’s housing market isn’t always so simple, which is why HOA fees aren’t easy to digest for some buyers. Today, I thought it would be cool to graph a few decades of association fees. I’ve never actually done this before, and while I know it’s total chaos, I think it’s also interesting. What are […] The post HOA fees are standing out in a bad way first appeared on Sacramento Appraisal Blog.

HOA 358

HOA Buyers Housing Market Appraisal 358

Housing Wire

MAY 29, 2024

Ninety-three percent of U.S. adults ages 55 and older view aging in place in their homes as an “important goal,” with 49% attributing aging as a reason they would choose to bring assistive technologies into their homes. This is according to surveys conducted in 2023 and 2024 by U.S. News & World Report. Results from the 2023 survey, which relied on responses from 2,000 people ages 55 and older, showed that support for aging in place has only grown over the past year.

Technology 468

Technology Tools Finance 468

Real Estate News

MAY 29, 2024

Financial services exec Jon Gwin named COO of Fathom Holdings; longtime EXIT Realty SVP Susan Harrison promoted to CIO role.

Realty 264

Realty 264

Housing Wire

MAY 29, 2024

Earlier this year, New Jersey-based mortgage broker Joe Racamato, president of Silex Financial Group Inc., changed his firm’s preapproval process for home purchase applicants. Racamato is now orienting his team to look closely at clients’ bank statements to find multiple — and often interest-free — installments of a few hundred or thousand dollars paid to the same company on a biweekly or monthly basis.

Mortgage 467

Mortgage Clients Sellers Loan Officers 467

Appraisal Buzz

MAY 29, 2024

This week, host Hal Humphreys sits down with Liz Green, Head of Digital Solutions for Candescent, and affectionally known around the industry as “Miss MISMO” Liz fills us in on her history in the industry and her involvement in MISMO (Mortgage Industry Standards Maintenance Organization). A lot will be changing with the UAD for both lenders and appraisers.

Appraisal 195

Appraisal Technology Lending Mortgage 195

George Dell

MAY 29, 2024

“Ya gotta show your work,” my third-grade teacher said. “But I got the answer right!” said I. “Ya gotta support your adjustments,” they say. “But I’m credible!” say I. Incredible. Why are we harangued to “support” our adjustments? Why are we sold one form after another of magical adjustment calculators? Another enchanted $129 class to […] The post Show Your Work?

Reconsideration of Value 195

Reconsideration of Value 195

Housing Wire

MAY 29, 2024

Fannie Mae and Freddie Mac on Wednesday announced an update to one of their loss-mitigation solutions known as Flex Modification. The government-sponsored enterprises (GSEs) are now targeting a 20% reduction in principal and interest (P&I) payments to keep borrowers facing permanent financial stress in their homes. “The Enterprises have completed over half a million modifications through their Flex Modification offerings since they were implemented in 2017,” Federal Housing Finance Agency (

Government 463

Government Finance Mortgage Marketing 463

Inman

MAY 29, 2024

As rates on conventional mortgages head back above 7 percent, homebuyer demand for purchase loans is wilting, with applications dropping for a third week in a row last week, according to an MBA survey.

Mortgage 189

Mortgage Marketing 189

Housing Wire

MAY 29, 2024

Calque , a company that partners with lenders to offer non-contingent mortgages to homebuyers, has announced new strategic partnerships with Fancher Mortgage Group and Jones Mortgage Group to extend its Trade-In Mortgage product. The collaborations aim to simplify the homebuying process by leveraging a homeowner’s existing equity to secure a new property before they sell their current home.

Mortgage 459

Mortgage Buyers Sellers Agents 459

Inman

MAY 29, 2024

Stop immersing yourself in the day-to-day of your business. CEO Sean Frank shows you how to take on a high-level perspective and run your business like an executive.

Business 187

Business Real Estate Finance Technology 187

Housing Wire

MAY 29, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed James F. Wood, the brokerage announced on Tuesday. Wood was previously affiliated with Keller Williams Prestige Properties in Stamford, Connecticut, where he worked for almost seven years. In 2023, Wood had more than $25 million in sales production and completed more than 35 transactions in Connecticut, New York and Massachusetts, according to a Coldwell Banker news release.

Realty 456

Realty Agents Luxury Properties Brokerage 456

Inman

MAY 29, 2024

Rocket Homes Chief Technology Officer John Fair told Inman the tool has already resulted in users spending nearly twice as long on the lender's website and returning six times more frequently.

Tools 184

Tools Technology Buyers Brokerage 184

Housing Wire

MAY 29, 2024

The homeownership rate among Black Americans has risen at a faster-than-average rate since 2019, but it remains well below the high point reached in 2004, according to Home Mortgage Disclosure Act (HMDA) data compiled by Zillow. Among the key findings in the analysis of 2023 HMDA data, nearly one in four (24%) Black mortgage applicants were denied, compared to only one in 10 white applicants.

Home Value 448

Home Value Housing Market Tools Finance 448

Inman

MAY 29, 2024

The change allows listings in the California Regional Multiple Listing Service to display whether a homeseller is willing to offer concessions in price — including to cover broker fees.

Sellers 183

Sellers Brokerage Agents 183

Housing Wire

MAY 29, 2024

New housing grants totaling more than $233.7 million will be distributed to 20 tribal communities in Arizona , according to a joint announcement from the state’s U.S. Senate delegation of Mark Kelly (D) and Kyrsten Sinema (I). “Arizona is facing an affordable housing crisis, which has hit our state’s Tribal communities especially hard,” Kelly said in a statement.

Development 447

Development Investing Construction Housing Market 447

Inman

MAY 29, 2024

What do you have planned for the months ahead, and perhaps even more importantly, what do you see buyers and sellers planning for summer?

Sellers 183

Sellers Buyers Brokerage Agents 183

Housing Wire

MAY 29, 2024

Multichannel lender New American Funding (NAF) is going big on reverse mortgages. As already evidenced by its ambitious new marketing campaign, “ Old Wives ,” the company is also aiming to streamline its existing presence in the reverse mortgage market. And it seeks to expand the number of available loan officers and strategic development tools to continue building on the momentum that company executive say they’re seeing in the space.

Business 446

Business Loan Officers Mortgage Clients 446

Inman

MAY 29, 2024

A judge dismissed eXp Realty and founder Glenn Sanford from a sexual assault lawsuit that claimed both entities ignored the alleged actions of two star agents — David Golden and Michael Bjorkman — for financial gain.

Realty 178

Realty Agents Brokerage 178

Housing Wire

MAY 29, 2024

Thuan Nguyen’s mortgage brokerage , Loan Factory , has rolled out an artificial intelligence (AI) tool for customers and loan originators. The AI application simplifies the loan process by automatically filling out forms with accurate information, saving time and limiting errors, and thereby making it faster and easier to get a mortgage, Loan Factory CEO Nguyen said.

Tools 444

Tools Brokerage Loan Officers Technology 444

Inman

MAY 29, 2024

Neumann told "The New York Times" DealBook that he will end his bid to reacquire the bankrupt coworking firm he founded.

Real Estate 177

Real Estate 177

Housing Wire

MAY 29, 2024

The National Association of Realtors (NAR) reported that it had 1,509,195 members at the end of April, a decline of 2.96% from the 1,554,604 members it had at the end of 2023 but higher than its numbers in February and March. Details of the latest membership count comes as the trade group works to implement a series of major rule changes stipulated by the Sitzer/Burnett commission lawsuit settlement agreement, as well as fewer market opportunities for members due to historically low levels of ex

Realtors 436

Realtors Agents Inventory Modernization 436

Inman

MAY 29, 2024

Don’t miss your chance to showcase your professional achievements and elevate your legacy in luxury real estate.

Real Estate 173

Real Estate 173

Housing Wire

MAY 29, 2024

In 2020, real estate industry veteran Rainy Hake Austin took her decades of experience to The Agency , where she currently serves as president of the Beverly Hills, California-based brokerage firm. Her four years at The Agency have been some of the most chaotic times in real estate industry history due to the COVID-19 pandemic, the interest rate roller coaster and the commission lawsuit saga.

Agents 434

Agents Real Estate Agent Real Estate Clients 434

Inman

MAY 29, 2024

The time to celebrate your team's achievements is now. It's the last 48 hours to transform your career with Inman’s Innovator Awards.

Brokerage 160

Brokerage Agents 160

Housing Wire

MAY 29, 2024

Homebuyers in states with LGBTQ+ protections face significantly higher housing costs, according to a Redfin report released Wednesday. In regions with anti-discrimination laws tied to sexual orientation or gender identity, the income required to afford a median-priced home rises to $150,364 — nearly 47% more than the $102,435 needed in areas without such protections.

Law 413

Law Housing Market Finance Marketing 413

Inman

MAY 29, 2024

Without revealing his identity, the "ring leader" of an identity fraud operation that recently tried to auction off Graceland presented himself in emails to The New York Times, saying his network preys on gullible Americans.

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Housing Wire

MAY 29, 2024

Mortgage lender Kind Lending has hired Tammy Richards , who previously held positions at Bank of America , Caliber Home Loans and loanDepot , as its chief operating officer. Kind Lending, a California-based lender founded by industry veteran Glenn Stearns, is a client of LendArch , a mortgage consulting firm that Richards founded in 2021. LendArch COO Karthik Kumar told HousingWire that Richards’ role as the CEO of LendArch remains unchanged as the company expects to launch its digital fulfillme

Lending 401

Lending Loan Officers Retail Legal 401

Inman

MAY 29, 2024

Gwin, who previously held executive positions at Wachovia Bank and Wells Fargo, is credited with helping to develop some of the first compliance management systems in the mortgage industry.

Real Estate 153

Real Estate Development Mortgage Realty 153

Appraisal Partners Blog

MAY 29, 2024

The post <div class="hrt">Understanding Divorce Appraisal Value: A Crucial Step in the Process</div> appeared first on Appraisal Partners.

Appraisal 148

Appraisal 148

BiggerPockets

MAY 29, 2024

If there was ever doubt about the profitability of real estate, a look at recent appreciation figures should put the argument to rest.

Real Estate 91

Real Estate 91

Mortgagebroker News

MAY 29, 2024

'If you want to do a job as a hobby, you can do a job'

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83

BiggerPockets

MAY 29, 2024

Want to reach financial freedom faster? The BRRRR method is how you do it.

Investing 91

Investing Real Estate 91

Mortgagebroker News

MAY 29, 2024

Survey shows half of big city residents ready to relocate

Marketing 83

Marketing 83