Housing Wire
OCTOBER 18, 2024
California-based Provident Funding Associates LLC is getting out of the Florida condo lending business , it told broker partners on Friday. In an email sent Friday morning, Provident said that it would “no longer be accepting new applications for condominiums ” effective that day. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m.
Appraisal Buzz
OCTOBER 18, 2024
The U.S. Census Bureau and the U.S. Department of Housing & Urban Development (HUD) have announced new residential construction statistics for September 2024. Single-family housing starts in September improved for the second consecutive month, as builder sentiment has improved. HUD and the Census Bureau found that privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,354,000, which was 0.5% below the revised August estimate of 1,361,000, 0.7% below the Se
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Housing Wire
OCTOBER 18, 2024
As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. With higher rates, lower transaction volumes usually plague the industry, translating to fewer appraisals as homeowners hunker down with their lower rates.
Appraisal Buzz
OCTOBER 18, 2024
Realtor.com has produced a new analysis ahead of the November presidential election that attempts to forecast how demographic changes can alter the political landscape using proprietary data on county-level 2020 election results and geographic home shopping trends. In addition to changing views on important issues like housing affordability for both homeowners and renters, shifting opinions on these issues could influence the outcome of this presidential election.
Advertiser: Trellis
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.
Housing Wire
OCTOBER 18, 2024
Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Ruoff Mortgage is teaming up with fintech company Calque to offer two “buy before you sell“ programs to customers. The Trade-In Mortgage and the Contingency Buster will be available to Ruoff Mortgage borrowers via the company’s online platform and mobile app.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
OCTOBER 18, 2024
New York Community Bancorp (NYCB) this week announced that it rebranded to Flagstar Bank , laid off 700 employees and anticipated the transition of another 1,200 to Mr. Cooper Group as part of the sale of its third-party origination (TPO) business and mortgage servicing rights (MSRs). The changes come after NYCB, which concluded a merger with Flagstar in December 2022 and acquired some of Signature Bank ‘s assets in March 2023, faced a confidence crisis related to its commercial real estate port
Appraisal Buzz
OCTOBER 18, 2024
CoreLogic has released the latest Single-Family Rent Index (SFRI), which examines changes in single-family rent prices across the U.S. and in major cities. New data found that although August’s annual growth in U.S. single-family rent was less than 3%, it has increased by 33% from the pandemic’s start. Expensive coastal metros led the nation in growth, and while Sun Belt markets aren’t as hot as they once were, some of those areas—Miami (55%), Orlando, FL (41%), Phoenix (both 38%), and Tucson, A
Housing Wire
OCTOBER 18, 2024
The number of housing units that came online in September showed a big year-over-year jump, but data on earlier stages of construction suggest not much is coming through the pipeline. That’s according to monthly data on new residential construction from the U.S. Census Bureau, which shows year-over-year declines in building permits (-5.7%) and housing starts (-0.7%).
Real Estate News
OCTOBER 18, 2024
Buyers flooded the Austin market a few years ago, sending home prices sky-high. Now, the market has come back to earth, but affordability is still an issue.
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.
Housing Wire
OCTOBER 18, 2024
When older homeowners wish to access a portion of their equity, there are multiple options. Of course, selling the home is generally not desirable. A cash-out refinance is also not a prudent pathway for retirees. A refinance not only saddles the homeowner with a required monthly payment but will also typically result in a higher interest rate for those that refinanced in the last decade.
Real Estate News
OCTOBER 18, 2024
A recent survey found that while both veterans and civilians are feeling more prepared to buy, veterans are more likely to purchase a home in the next year.
Housing Wire
OCTOBER 18, 2024
The mortgage industry today demands speed, accuracy, and satisfied customers. ICE Mortgage Technology presents their solution that also serves as an overhaul of the home financing process. They’ve built a digital platform that brings together loan origination , closing, servicing, and data analysis into an all-in-one mortgage solution. This comprehensive system is aimed at making life easier for lenders, servicers, and real estate professionals while giving borrowers a smoother, better exp
Real Estate News
OCTOBER 18, 2024
The latest consumer guide covers different types of contracts between sellers and their agents, and the “fully negotiable” nature of agent compensation.
Advertiser: Trellis
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.
Housing Wire
OCTOBER 18, 2024
The Council of Federal Home Loan Banks (FHLBanks) lauded this week’s release of a report from the Federal Housing Finance Agency (FHFA), which highlighted the banks’ growth in support of affordable housing and community development efforts in 2023. The report detailed FHLBanks’ activity across several programs that include the Affordable Housing Program (AHP), the Community Investment Program (CIP), the Community Investment Cash Advance Program (CICA) and other “voluntary targeted mission-activi
Real Estate News
OCTOBER 18, 2024
Watch the conversation with broker and proptech expert Heather Harmon, who discusses her time at Opendoor — and what tech companies get wrong about real estate.
Housing Wire
OCTOBER 18, 2024
Since mortgage rates have headed higher again, I was anticipating that today’s housing starts report would be the last decent print before the effects of higher mortgage rates hit the builders, but even this report was disappointing. We had a good few months of positive builder confidence data for the new home sector and positive purchase application data for existing home sales.
Appraisal Buzz
OCTOBER 18, 2024
Despite a Fed rate cut leading to significant drop in mortgage rates, housing starts dipped 0.5% in September compared with August, falling to a seasonally adjusted annual rate of 1.354 million, according to the U.S. Census Bureau and U.S. Department of Housing and Urban Development. That’s down 0.7% compared with September 2023. The decrease was due mainly a drop in multifamily production.
Inman
OCTOBER 18, 2024
The unique getaway completed in 2010 by late craftsman and entrepreneur Reggie Whibley is on the market for $1.75 million. The hunt is on for a buyer who doesn't care about cell or internet service.
Eyes on Housing
OCTOBER 18, 2024
With the Federal Reserve beginning an easing of monetary policy and builder sentiment improving, single-family starts posted a modest gain in September while multifamily construction continued to weaken because of tight financing and an ongoing rise in completed apartments. Overall housing starts decreased 0.5% in September to a seasonally adjusted annual rate of 1.35 million.
Inman
OCTOBER 18, 2024
While we cannot control a storm’s trajectory or outcome, writes broker Cara Ameer, there are some things we can do to lessen the stress.
Clear Capital
OCTOBER 18, 2024
Clear Capital’s ClearAVM and ClearRank technologies have been recognized as a “ Best AI-powered Platform ” as part of the inaugural Inman AI Awards. Together, these technologies are revolutionizing property valuation through unmatched accuracy, transparency, and efficiency. As noted by the Inman Awards team, “With this award, Inman is celebrating Clear Capital, whose groundbreaking work in the Best AI-powered Platform category has demonstrated the transformative power of AI in the industry.
Inman
OCTOBER 18, 2024
A majority of the 1,200 Flagstar employees being let go in $1.4 billion sale of the company's mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper.
BiggerPockets
OCTOBER 18, 2024
Is the U.S. housing market finally emerging from the pandemic Ice Age-like conditions? There are signs that this may be the case.
Inman
OCTOBER 18, 2024
The energy you bring to client communication, Rachael Hite writes, can be the difference between a peaceful process and buyer or seller meltdown.
BiggerPockets
OCTOBER 18, 2024
Data privacy is an ever-increasing concern, particularly in finance, where sensitive information like personal and business bank statements, loans, credit information, driver’s licenses, and Social Security numbers are involved.
Inman
OCTOBER 18, 2024
FootFallz is a mobile-first application that fastens the listing agent to their title rep and mortgage partners and marries productivity with new business generation.
BiggerPockets
OCTOBER 18, 2024
Are there “clues” that point to phenomenal real estate investing areas? We mean the areas nobody knew about until it was too late.
Inman
OCTOBER 18, 2024
Led by Megan and Damon Williamson, The Agency's rapidly growing Dallas office most recently onboarded luxury agents Courtney Michalek of Compass and Andrea Childress of Monument Realty.
BiggerPockets
OCTOBER 18, 2024
Just a short while back, Marisa Mae was caught in the paycheck-to-paycheck trap, her credit cards stretched to their limits with no emergency savings to speak of, all while wrestling […]
Inman
OCTOBER 18, 2024
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
Mortgagebroker News
OCTOBER 18, 2024
TD Bank predicts short-term gains from new rules, but long-term affordability could erode housing recovery
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