Housing Wire

OCTOBER 15, 2024

The Federal Communications Commission (FCC) — the regulatory body that oversees communications across a wide variety of media including radio, telephone and the internet — announced that new rules related to the Telephone Consumer Protection Act (TCPA) will go into effect in April 2025. The new guidelines are designed to make it easier for consumers to revoke consent for unwanted robocalls and texts.

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Design Real Estate Mortgage Business 437

Appraisal Buzz

OCTOBER 15, 2024

The Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) based on data analysis from ICE Mortgage Technology , indicates a drop in mortgage credit availability in September. Key Findings from the Mortgage Credit Availability Index: In September, the MCAI dropped by 0.5% to 98.5. While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements.

Mortgage 352

Mortgage Government Lending Construction 352

Housing Wire

OCTOBER 15, 2024

West Palm Beach, Florida-based Onity Group has struck a deal to acquire all assets of Mortgage Asset Management (MAM), which are estimated at a net value of $55 million, the company announced on Friday. The parties entered into an agreement on Oct. 9. The deal includes Home Equity Conversion Mortgages (HECMs) and mortgage servicing rights (MSRs) with an estimated $3 billion in unpaid principal balance (UPB).

Mortgage 398

Mortgage Investors 398

Appraisal Buzz

OCTOBER 15, 2024

During the 2024 Five Star Conference & Expo , held at the Omni Hotel in Dallas in late September, the Five Star Institute presented the 2024 Lifetime Achievement Award during the Keys for Life Opening Luncheon. This year’s Lifetime Achievement Award recipient was Jocelyn Martin-Leano, Founder of Enizio Strategies LLC. Martin-Leano, who also served as the Chair of Five Star’s National Mortgage Servicing Association (NMSA) from 2022-2024, established Enizio Strategies as a professional service

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Business Mortgage Insurance Design 322

Housing Wire

OCTOBER 15, 2024

Homie Technologies’ bombshell antitrust lawsuit has one fewer defendant. On Friday, the brokerage notified the court that it was voluntarily dismissing Wasatch Front Regional MLS , which does business as UtahRealEstate.com , from the suit. But the MLS defendant was dismissed without prejudice, which means Homie could refile its suit against UtahRealEstate.com.

Brokerage 386

Brokerage Sellers Realty Realtors 386

Appraisal Buzz

OCTOBER 15, 2024

Fannie Mae has announced enhancements to its Expanded Housing Choice (EHC) initiative , making the program available in all jurisdictions without a source of income protections, for new loans to multifamily property owners who accept U.S. Department of Housing & Urban Development (HUD) Housing Choice Vouchers (HCVs). The HCV program helps very-low-income families, senior citizens, and people with disabilities afford stable and quality housing in the private market.

Property Management 243

Property Management Legal Housing Market Development 243

Appraisal Buzz

OCTOBER 15, 2024

Jim Harper, CPA Waterstone Mortgage Corporation has named Jim Harper, CPA , as the company’s new Chief Financial Officer. Harper has more than 25 years of experience in the financial services industry, including seven years of work within the mortgage industry. He recently joined Waterstone Mortgage as VP–Accounting & Finance in June 2024. “Jim has been an integral part of our team for the past several months, and his leadership, financial expertise, and dedication to our company’s success m

Mortgage 221

Mortgage Finance Lending Development 221

Housing Wire

OCTOBER 15, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO) is targeting January 2025 as the release window for reverse mortgage standards from its work group that is analyzing and developing the standards, according to a statement released Tuesday by Mortgage Cadence. “Interestingly, traditional forward mortgage lenders are beginning to take notice of the reverse mortgage opportunity, albeit cautiously,” the informational blog posted reads.

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Mortgage Lending Development Design 322

Real Estate News

OCTOBER 15, 2024

“People are buying” — and living in — these futuristic homes, with dozens sold at a community in Texas, and more widespread adoption expected in five years

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Housing Wire

OCTOBER 15, 2024

Fannie Mae on Tuesday announced enhancements to its Expanded Housing Choice (EHC) initiative, opening it up to all jurisdictions without source-of-income protections. The government-sponsored enterprise (GSE) said the Housing Choice Voucher program, which launched in 2022, assists very low-income families, seniors and people with disabilities in being able to afford stable and quality housing in the private market.

Landlords 311

Landlords Tenants Property Management Legal 311

Appraisal Buzz

OCTOBER 15, 2024

Navigating Mortgage Law: Insights with Stephen Hladik from Hladik Onorato & Federman In this episode of the MP Access Show, we’re thrilled to welcome Stephen Hladik, a Partner at Hladik Onorato & Federman, LLP, and a highly respected expert in mortgage foreclosure, bankruptcy, and lending law compliance. With a career that spans decades, Stephen brings a wealth of experience from his time as a Deputy Attorney General in Pennsylvania to his current role where he works closely with mortgag

Law 195

Law Legal Mortgage Lending 195

Housing Wire

OCTOBER 15, 2024

Brian McKinney, formerly the CEO of Benchmark Mortgage (a dba of Ark-La-Tex Financial Services ), has joined PrimeLending in a newly created executive position. McKinney, who’s been CEO of Benchmark since 2016, will serve as executive vice president for growth and strategic development at PrimeLending. He’s tasked with exploring new revenue opportunities and driving company growth.

Loan Officers 307

Loan Officers Business Mortgage Development 307

Appraisal Buzz

OCTOBER 15, 2024

Mortgage credit availability decreased in September, falling 0.5% to a score of 98.5 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). A decrease in the index score indicates that lending standards are tightening, while increases are indicative of loosening credit. The index was benchmarked to 100 in March 2012. Credit availability for conventional loans decreased 1.7% while credit availability for government loans increased by 0.8%.

Mortgage 195

Mortgage Government Lending Investors 195

Housing Wire

OCTOBER 15, 2024

Fairway Independent Mortgage Corp. has agreed to settle with the Consumer Financial Protection Bureau (CFPB) and the U.S Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. The agreement, which was submitted for court approval, requires the Madison, Wisconsin-based mortgage lender to pay a $1.9 million civil penalty.

Advertising 305

Advertising Lending Loan Officers Retail 305

Real Estate News

OCTOBER 15, 2024

A new statement from the agency suggests that when information is shared only among competitors — like trade group members — it sets off antitrust alarm bells.

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Housing Wire

OCTOBER 15, 2024

The nation’s most expensive neighborhoods are once again in coastal states. A recent report from real estate data provider PropertyShark ranked California , New York and Florida as the states with the most expensive ZIP codes in 2024. The report listed the 100 most expensive ZIP codes between Jan. 1 and Sept 30 of this year based on prices for closed residential sales.

Real Estate 294

Real Estate Marketing Housing Market Finance 294

Real Estate News

OCTOBER 15, 2024

Nearly a quarter of first-time buyers may wait even longer, to see if down payment help or other candidate promises materialize in 2025, a Redfin survey found.

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Buyers 171

Housing Wire

OCTOBER 15, 2024

Title valuation , brokerage and consulting services firm Title Success, which is powered by Bowe Digital , announced Monday that it has launched a newly designed website. The new site offers a listing service for title companies looking to sell their operations. Title insurance agency owners interested in mergers and acquisitions can use the site to search for potential deals — filtering their searches based on location, asking price, gross revenue, company ID, number of employees, number of loc

Business 277

Business Design Insurance Valuation 277

Inman

OCTOBER 15, 2024

Former Benchmark Mortgage CEO Brian McKinney has been charged with driving company growth following the launch of a more inclusive mortgage underwriting process and home equity product.

Mortgage 176

Mortgage 176

Housing Wire

OCTOBER 15, 2024

Not only are Tal and Oren Alexander — the co-founders of Official Partners — under fire for an alleged string of sexual assaults , but the brothers are now facing a suit from Side , the white-label brokerage that powers their firm. In a suit filed Friday in U.S. District Court in San Francisco, Side alleges that Tal and Oren Alexander, as well as Official Partners, have breached contracts held with Side.

Contracts 260

Contracts Brokerage Real Estate Legal 260

Eyes on Housing

OCTOBER 15, 2024

Nationally, across the 86 million owner-occupied homes in the U.S., the average annual real estate taxes paid in 2023 was $4,112, according to NAHB analysis of the 2023 American Community Survey. Homeowners in New Jersey continued to pay the highest real estate taxes, paying an average of $9,572, 30.6% higher than the second highest, New.

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Property Taxes Real Estate 154

Housing Wire

OCTOBER 15, 2024

Mortgage credit availability decreased in September, according to the latest Mortgage Bankers Association (MBA) analysis of ICE Mortgage Technology data. The MBA’s Mortgage Credit Availability Index (MCAI) fell by 0.5% to a reading of 98.5 in September. The MCAI for conventional loans fell by 1.7%, while the corresponding index for government loans increased by 0.8%.

Mortgage 256

Mortgage Government Marketing Technology 256

Inman

OCTOBER 15, 2024

Mortgage tech provider Floify's partnership allows lenders to perform Freddie Mac- and Fannie Mae-compliant verifications without leaving the Floify platform, executives announced Thursday.

Mortgage 147

Mortgage Tools Buyers Technology 147

Housing Wire

OCTOBER 15, 2024

In the third quarter of 2024, Bank of America (BofA) saw a decline in mortgage production, despite a drop in interest rates that benefited competitors like Wells Fargo , JPMorgan Chase and Citi. BofA announced on Tuesday that it posted $5.3 billion in first-lien mortgage volume from July to September, a 7% decline from the $5.7 billion recorded in the previous quarter and a 4% decrease compared to its $5.5 billion total in Q3 2023.

Mortgage 249

Mortgage Market Value Business Marketing 249

Inman

OCTOBER 15, 2024

The typical Hispanic-owned home is now valued 11.9 percent below that of a non-Hispanic white-owned home, the smallest property value gap on record, according to a Zillow analysis released Monday.

Home Value 174

Home Value Marketing 174

Housing Wire

OCTOBER 15, 2024

In the newest episode of the PowerHouse podcast, HousingWire CEO Clayton Collins sits down with Greg Schwartz, CEO of Tomo , to discuss market recovery indicators and Tomo’s recent investments in artificial intelligence (AI). Schwartz also shares his approach to building a mortgage company alongside tips on work-life balance, market dynamics and more.

Marketing 242

Marketing Real Estate Agent Technology Real Estate 242

Inman

OCTOBER 15, 2024

In an analysis of more than 20 forms from various states, coach Darryl Davis identified a disturbing pattern: identical clauses between competing entities that suggest a dangerous level of collusion.

Real Estate 161

Real Estate Brokerage Agents 161

GoForrmz

OCTOBER 15, 2024

GoFormz is your one-stop-shop for all your compliance reporting needs Compliance reporting can play a crucial aspect in maintaining business integrity and meeting specific industry standards, and with GoFormz, managing these requirements becomes effortless. GoFormz is a digital data capture platform that empowers businesses to digitize, streamline, and automate their data management processes.

Construction 78

Construction Inspection Transportation Government 78

Inman

OCTOBER 15, 2024

The flat-fee brokerage dismissed its antitrust case against the MLS but kept as defendants Keller Williams, the National Association of Realtors, Anywhere, HomeServices of America and RE/MAX.

Brokerage 161

Brokerage Realtors Real Estate Agents 161

BiggerPockets

OCTOBER 15, 2024

Should you sell your house or keep it as a rental property in 2024?

Tools 78

Tools 78

Inman

OCTOBER 15, 2024

In real estate, a little magic goes a long way. Bring fun to your October open houses with these holiday-themed ideas from coach Darryl Davis.

Open Houses 167

Open Houses Real Estate Marketing Housing Market 167

Mortgagebroker News

OCTOBER 15, 2024

Is another rate cut on the way next week?

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Inman

OCTOBER 15, 2024

After facing a series of lawsuits this summer from women alleging rape, the Alexander brothers are now contending with a new legal action against them from Side, which had backed their luxury firm.

Contracts 163

Contracts Legal Brokerage Agents 163

Housing Wire

OCTOBER 15, 2024

Confusion and chaos are still a reality for some real estate professionals in the wake of the NAR settlement-mandated business practice changes, but preparation has been key to minimizing the negative impacts. (Image generated by AI in Midjourney) It has been nearly two months since the nationwide implementation of the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement.

Real Estate 410

Real Estate Brokerage Sellers Agents 410