Housing Wire
SEPTEMBER 25, 2024
A judge in Arizona granted Mat Grella, the former president of NEXA Mortgage , a motion to dismiss a lawsuit filed by the company. NEXA has accused Grella of causing the failure of a $24 million hangar-office property purchase and the brokerage firm is preparing to file an amended complaint. The saga began in March when Grella was terminated from NEXA amid buyout negotiations.
Appraisal Buzz
SEPTEMBER 25, 2024
Many real estate agents encounter a variety of challenges throughout their career. This workshop is meant for those who are seeking strategies to boost their earnings. Discover how to invest in the proper chances to develop your real estate portfolio and learn how to leverage your existing abilities to tap into alternative cash streams. Experts who attend will have the opportunity to participate in conversations at round tables, discussing important issues and headwinds agents face.
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Housing Wire
SEPTEMBER 25, 2024
Mortgage applications are now at their highest level in more than two years after an 11% jump during the week ending Sept. 20, according to the newest weekly applications survey from the Mortgage Bankers Association (MBA). The 11% increase in the MBA’s overall applications index — boosting the index to its highest point since July 2022 — was fueled primarily by refinances , which rose 20% from the prior week and are now 175% higher compared to the same week in 2023.
Appraisal Buzz
SEPTEMBER 25, 2024
BLOG VIEW: The Federal Open Market Committee (FOMC) on Sept. 18 announced its decision to cut the Fed Funds rate by half a percentage point. It was the first rate cut since the early days of the pandemic. In fact, the last time the FOMC cut rates by half a point was during the 2008 global financial crisis. Federal Reserve Chair Jerome Powell finally provided the housing industry much needed relief by slashing rates for the first time in more than four years.
Housing Wire
SEPTEMBER 25, 2024
Applicants hoping to get a mortgage job in 2024. (Image created by AI in Midjourney.) After cutting to the bone over the past three years, several large mortgage lenders are beginning to ramp up hiring. These companies are adding sales and operational staff, preparing for the expected drop in rates and subsequent increases in volumes. However, the industry is approaching this cycle with caution.
Appraisal Buzz
SEPTEMBER 25, 2024
In this episode, we welcome Patrick Brown, Chief Appraiser at Valutrust, to dive deep into the evolving appraisal process. With major industry changes on the horizon, Hal and Patrick explore what appraisers can do to streamline their processes and stay ahead of upcoming shifts in how appraisals are submitted. Get ready for a discussion packed with tips to help you stay efficient and effective!
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
SEPTEMBER 25, 2024
The Federal Housing Finance Agency (FHFA) has announced that it will revisit its proposal to amend the Suspended Counterparty Program (SCP). The SCP regulation requires a regulated entity to report to FHFA if an individual or institution that it does business with has committed certain types of misconduct within the prior three years. It also authorizes FHFA to order its regulated entities to cease doing business or refrain from entering into new business with certain counterparties.
Housing Wire
SEPTEMBER 25, 2024
Michigan -based ERA Prime Real Estate Group is continuing its acquisition spree. On Tuesday, the firm announced its acquisition of Southgate, Michigan-based GAP Realty Group. ERA Prime Real Estate Group, which also has offices in Farmington and Grand Blanc, said that the acquisition would increase the firm’s services area and market share in Southeast Michigan.
Sacramento Appraisal Blog
SEPTEMBER 25, 2024
It’s a mess out there right now since the NAR lawsuit went into effect. Well, sort of. It feels messy that concessions information is no longer in MLS, there’s some confusion about how appraisers are handling some of this, and we have a new question to ask. Let’s talk about it. UPCOMING SPEAKING GIGS: 10/18/24 […] The post The hot mess of concessions in real estate first appeared on Sacramento Appraisal Blog.
Housing Wire
SEPTEMBER 25, 2024
The first day of this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego wound down with an announcement that marks the end of an era. The association honored two of its most prominent past and present members with distinguished service awards. These were given to Peter Bell, NRMLA’s current CEO and former president, and Scott Norman, its former co-chair and current CEO of the Texas Mortgage Bankers Association (TMBA).
Appraisal Buzz
SEPTEMBER 25, 2024
This piece, co-authored by Kathy Shakibi Esq. , originally appeared in the September 2024 edition of MortgagePoint magazine, online now. On May 30, 2024, the Supreme Court of the United States (SCOTUS) issued its opinion on a matter of far-reaching consequence—whether the National Bank Act preempts a New York State consumer financial law requiring payment of interest on mortgage escrow accounts in the case of Cantero v.
Housing Wire
SEPTEMBER 25, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. No one gets into real estate to suffer career-ending, failure-to-launch syndrome. You got your license to be successful in real estate and take your life to the next level — whether that was this morning, last year, or a decade ago.
Appraisal Buzz
SEPTEMBER 25, 2024
David Wharton, Editor-in-Chief at Five Star, gave the opening remarks in the ever-educational MTech Forum at this year’s Five Star Conference & Expo. Numerous technology and subject-matter experts go deeply into how technology is advancing the industry while also posing risks that need to be recognized and taken into consideration going forward.
Housing Wire
SEPTEMBER 25, 2024
Negative depictions of Americans ages 50 and older have lessened over a five-year period, with negative sentiment in online media and marketing images dropping from 28% in 2018 to 10% in 2023, according to research published this week by senior advocacy organization AARP. “The 50-plus population is pictured as more active and independent, less fearful, and more likely to use technology, reflecting a growing recognition of older adults’ active lifestyles and valuable engagement in society,”
Appraisal Buzz
SEPTEMBER 25, 2024
Mortgage application volume surged 11% during the week ended September 20, driven by a decrease in mortgage rates, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Most of the increase was due to a major jump in refinance activity: Applications for refinances increased 20% compared with the previous week and were up 175% compared with the same week one year ago.
Housing Wire
SEPTEMBER 25, 2024
The Federal Housing Finance Agency (FHFA) announced on Wednesday it has changed its proposal to amend the Suspended Counterparty Program (SCP), offering a less severe version after several trade groups raised concerns about its impacts on the mortgage market. The SCP, established in June 2012 during the Obama administration, requires that entities report to FHFA if an individual or institution they do business with has committed certain types of misconduct within the prior three years.
Appraisal Buzz
SEPTEMBER 25, 2024
Forecasting and advisory services firm iEmergent has downwardly revised its 2024-2026 U.S. Mortgage Origination Forecast and now expects lower-than-anticipated growth for the next two years, particularly in the purchase market. While refinance volumes are projected to rise due to a gradual decline in mortgage rates, purchase volume has fallen short of early-year estimates due to persistently high interest rates and continued housing affordability challenges.
Housing Wire
SEPTEMBER 25, 2024
The Real Brokerage has scored a 13-for-1 deal. With the affiliation of the RealD2D Team, Real is adding 40 agents to its footprint in 13 different states, providing the company with the relatively rare opportunity to expand in more than one metropolitan area. RealD2D is led by agent and coach Duane Richins, who brought a unique background to his real estate career that began in 2016.
Appraisal Buzz
SEPTEMBER 25, 2024
Josh Balson has joined mortgage servicer Fay Servicing as senior vice president of data science. Balson has more than 15 years of experience in analytics within the mortgage industry, specializing in servicing, originations, and asset management. His expertise spans database architecture, operational reporting, and predictive analytics. As Fay Servicing’s mortgage analytics expert, he will lead data science initiatives to enhance the borrower experience and improve operational efficiency.
George Dell
SEPTEMBER 25, 2024
Appraisers are taught that there are three “approaches” to value. Follow the path, and you are safe. Standards, regulations, users, and peers all expect the “process” to be followed. Follow it, and you are safe. Appraisers are also harangued to be ethical and unbiased. Just be “impartial, independent, and objective.” No problem. Problem. Appraisers are […] The post Is Thinking Necessary?
Real Estate News
SEPTEMBER 25, 2024
Florida, North Carolina and Texas dominate a new report sizing up the top 10 markets for real estate investment.
Inman
SEPTEMBER 25, 2024
Small real estate investors have a role to play in improving affordability and inventory, trainer Bernice Ross writes, and can be a key part of growing your real estate business.
Real Estate News
SEPTEMBER 25, 2024
August numbers were down nearly 5% from July, but came in better than a year ago and are still expected to outperform existing home sales in the coming months.
Inman
SEPTEMBER 25, 2024
From legal challenges to callouts in the media, it seems that everyone is talking about Clear Cooperation and whether it's time to put the controversial policy on ice.
BiggerPockets
SEPTEMBER 25, 2024
Last year, Jussi Askola explained why he believes REITs are better investment vehicles than rental properties. This year, he explains why nothing has changed.
Inman
SEPTEMBER 25, 2024
Forget trying to compete with the big national names. Focus on local, community-specific SEO to stand out in online searches, David Marden writes.
Mortgagebroker News
SEPTEMBER 25, 2024
Company releases white paper warning employers to beef up security in hiring after deepfake scam
Inman
SEPTEMBER 25, 2024
While many homeowners rushed to refinance, affordability is keeping a damper on sales. Now mortgage rates are climbing again, with investors having already priced in last week's Fed rate cut.
Mortgagebroker News
SEPTEMBER 25, 2024
Glengarry provides transitional loans to farmers facing financial difficulties
Inman
SEPTEMBER 25, 2024
In August, nearly half of all U.S. homes had been on the market for 60 days or more, according to Redfin. Days on market has ticked up as high rates have slowed sales.
Mortgagebroker News
SEPTEMBER 25, 2024
Association president hails ‘significant win’ for Canadians
Inman
SEPTEMBER 25, 2024
In this webinar, we'll delve into the transformative role that sales training, coaching, and technology play in reshaping the real estate landscape. Whether you are a seasoned agent or just getting started in your career, discover how these tools help unlock a deeper understanding of client preferences, enabling you to offer unparalleled value.
BiggerPockets
SEPTEMBER 25, 2024
It’s been a little over a month since the groundbreaking rules regarding agent commissions stipulated in a $418 million settlement between the DOJ and NAR (National Association of Realtors) took […]
Inman
SEPTEMBER 25, 2024
Christa Huffstickler, the EZ Referral Network at Keller Williams Citywide and PorchLight Realty Group have topped the Alliance's LGBTQ+ Real Estate Top Producers list for sales volume and transaction sides completed in 2023.
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