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 next installment in the Five Star Institute Webinar Series will be held Thursday, November 7 at 1:00 p.m. Central when Five Star, in partnership with Consolidated Analytics , presents “ Claims Management Best Practices: Reducing Losses and Maximizing Recoveries.” The Five Star Institute Webinar series aims to broaden the horizons of the mortgage industry.
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Housing Wire
OCTOBER 18, 2024
Important Note * Check your local forms for options around discussing buyer agency with visiting prospects. Follow your local MLS and broker rules and regulations and master how to speak to the prospects about their options. Open houses are still a fundamental pillar of the business. NAR reports that 53% of home buyers visit open houses. So more than half of the buyers out there shopping, at some point in their search, will be visiting open houses.
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.
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
The Federal Home Loan Banks’ (FHLBanks) affordable housing and community development support grew significantly last year, as earnings improvement across the FHLBank System corresponded with greater commitments to lower-income communities, according to a new Federal Housing Finance Agency (FHFA) report , “2023 FHLBank Targeted Mission Activities Report.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
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
Real estate professionals will be looking to the recent decision in the Moratis commission lawsuit as they seek clarity on the outcomes of related cases. (Image generated by AI in Midjourney) In the nearly 12 months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, much of the discussion has centered upon the settlement agreements that have followed and how the industry can move on from this verdict.
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.
Housing Wire
OCTOBER 18, 2024
In this week’s episode of the Power House podcast , HousingWire President Diego Sanchez speaks with Steve Jacobson, CEO of Fairway Independent Mortgage Corp. The pair explore best practices for building a company culture surrounded by humility and loyalty, growth strategies, community engagement and more. The duo also discusses Fairway’s status as a top 15 mortgage lender even after its decision to leave the wholesale channel.
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
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
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.
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.
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.
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
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.
Appraiserblogs
OCTOBER 18, 2024
A barrage of billboards, magazine ads, and TV/radio public service announcements is being used to amplify and spread this false narrative. The latest attack on the appraisal industry is being spearheaded by the National Fair Housing Alliance (NFHA) and the Department of Housing and Urban Development (HUD), who are aggressively pushing a false narrative of widespread appraisal bias against Black and Latino homeowners.
Inman
OCTOBER 18, 2024
Executives of investment firm iCap ran the scheme from 2013 to 2022, a federal bankruptcy judge ruled this week. They turned to the scheme when their real estate portfolio failed to yield results.
DW Slater Company
OCTOBER 18, 2024
Our thoughts and prayers go out to all of those impacted by the impact of Hurricane Dorene and Milton. Even though the hurricanes are long gone the clean up efforts and impacts are long lasting. There is still much need in these areas. Here are some helpful resources. Appraisers- if you have been impacted you can request assistance from the National Association of Appraisers – Appraiser Relief Fund.
Inman
OCTOBER 18, 2024
In a nationwide Inman-Dig Insight poll of active homebuyers, fewer than 5 percent of shoppers now listing their current home said they didn't realize that they could decline to pay buyer-side commissions.
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.
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
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
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
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
Conflict with clients and colleagues is stressful, Bernice Ross writes. Find out how to respond to and deal with that stress so that it doesn't take a toll on you or your transactions.
Lamacchia Realty
OCTOBER 18, 2024
We’re excited to announce that Anthony Castellano has officially qualified for the 2024 Lamacchia Realty President’s Club ELITE, by surpassing $24,240,000 in sales volume this year! This recognition comes just two months after qualifying for Lamacchia Realty’s President’s Club. This marks his second year qualifying, having first done so in 2022.
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.
Lamacchia Realty
OCTOBER 18, 2024
Lisa Hayford Named the 2025 President-Elect of the Board of the North Shore REALTORS® Association October 18th, 2024 – Last night at the North Shore REALTORS® Association’s Annual Meeting, Awards, and Installation event, Lamacchia Realty’s own Lisa Hayford was named the President-Elect of the Board. Held at the Black Swan Country Club, Lisa was sworn in with fellow 2025 NSR Board of Directors.
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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