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Baby boomers are exhibiting an overwhelming desire to age in place in their own homes, but their children — largely members of Generation X — are also making their desires felt by seeking out homes that can accommodate their needs as they get older, according to a recent report from the New York Times. Citing 2021 data from the Harvard University Joint Center for Housing Studies that showed 88% of adults 65 and older are aging in place, many members of the following generation — primarily born b
Mortgage lenders have been relying on CRM software to maintain their customer relationships and grow their businesses for decades. But it’s when the housing market stagnates and originations dry up that the software really pays off. With CRM software, mortgage lenders are able to use what they know about their borrowers to sell more products and win more business.
Rocket Mortgage ’s bet on artificial intelligence (AI) has resulted in a patented platform called Rocket Logic, which can automatically process nearly 90% of data points extracted from documents in a month and reduce by 25% the number of times a professional interacts with a mortgage loan year over year, the company claims. The launch is part of the decision of its parent firm, Rocket Companies, to put AI at the center of its business strategy.
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.
It’s an election year, and housing affordability appears to be a big concern for voters. So, it’s not surprising to see the administration and members of Congress announcing big-ticket legislative initiatives to boost homeownership — like a first-time homebuyer tax credit and the Neighborhood Investment Act to fix up older homes. The Community Home Lenders of America (CHLA) applauds these initiatives.
While consumers are feeling less enthusiastic about the direction of mortgage rates, they “appear to be moving past the hurdle of last year’s sharp jump.
While consumers are feeling less enthusiastic about the direction of mortgage rates, they “appear to be moving past the hurdle of last year’s sharp jump.
Keller Williams was named to an eighth class-action lawsuit that takes issue with alterations made to the brokerage’s profit-sharing program. In the past few weeks, seven agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, and Penny Alper — took legal action against the real estate brokerage by filing seven separate class-action lawsuits.
During a podcast, Kevin Sears said interim CEO Nykia Wright will remain through the end of the year, and shared the financial realities behind NAR’s settlement.
Homeownership is a bedrock for the American Dream, in no small part because it is also a durable, reliable long-term investment. The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. Yet, this type of wealth — often an individual’s largest single asset — too frequently remains illiquid.
Rick Allen has been promoted to chief operating officer (COO) at Optimal Blue , a provider a secondary marketing software. Allen most recently served as chief administrative officer. He has more than 35 years of experience in the housing industry. Prior to joining Optimal Blue in 2017 as vice president of business strategy, Allen built his decades of experience across both the lending and vendor sides of the housing industry.
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.
It’s not often that we can draw a parallel between the automobile industry and the mortgage and real estate industries. And yet, our space may be on the verge of its own “Model T” moment. The Model T, you’ll recall, represented the first successful dive into mass production and assembly. Ford’s game-changing assembly-line approach turned the automotive industry (really, every industry) on its head.
Mortgage credit availability increased 1.1% in March compared with April, rising to a score of 93.9 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). However, the increase should be viewed in context: Mortgage credit is currently at historic lows. The index was benchmarked to 100 in March 2012. Mortgage credit availability for conventional loans increased 2.1%, while credit for government loans decreased by 0.1%.
In a message to mortgage brokers, United Wholesale Mortgage (UWM) defended itself from the Hunterbrook Media report that claims the lender orchestrated a scheme to steer loans. The wholesale lender said it’s offering legal support to partners in case they are sued and once again accused Rocket Mortgage of being behind the report, which the rival denies.
DataTrace, which now operates more than 1,800 U.S. title plants, says the remarkable granularity of its data can help identify renters who are getting ready to buy, empty nesters and fix-and-flip investors.
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.
Mortgage rates remained unchanged last week despite the release of the stronger-than-expected jobs report. HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.16% on Tuesday, unchanged from one week earlier. At the same time one year ago, the 30-year fixed rate averaged 6.46%. Meanwhile, the 15-year fixed rate averaged 6.42% on Tuesday, down from 6.51% one week earlier.
Five investor-agents, each of whom has achieved success on both sides of the equation, shared their actionable insights and winning formulas for nailing a pivotal but tricky professional shift.
Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. Last October, Ameris Bank had to pay $9 million to settle a redlining case. More recently, Patriot Bank paid $1.9 million , and First National Bank was hit with a $13.5 million settlement to resolve claims it practiced redlining in North C
Thinking of starting a real estate team? Broker Zak Shellhammer helps you get ready for the time, energy and expertise it takes to build something worthwhile.
Lamacchia Realty is expanding its presence in the Pioneer Valley region of Massachusetts. On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. Founded in 1971 by Paul Sears, Sears Real Estate is owned and operated by the family of current National Association of Realtors president Kevin Sears.
The program, which allows non-European Union citizens who invest at least 500,000 euros in Spanish real estate three years of residency, will soon be eliminated amidst affordability concerns, Prime Minister Pedro Sanchez said.
Kansas City -based Heartland Multiple Listing Service ( MLS ) has announced a strategic integration with Down Payment Resource (DPR) to enhance accessibility to homeownership for residents across the Greater Kansas City area. DPR, known in the housing industry for its database and homebuyer assistance program solutions, will provide support to Heartland MLS’s network of 12,000 agents.
James Dwiggins and Keith Robinson discuss the shifting landscape of agent compensation following the proposed NAR settlement with Ed Zorn, vice president and general counsel for California Regional MLS.
Last month, Northeast regional lender WSFS Mortgage released the results of a survey that measured reverse mortgage product sentiments. It found that more people seem to be aware of the potential value that a reverse mortgage could provide for older homeowners, including as a tool to age in place and to provide greater cash flow in retirement. Despite the more regional focus of WSFS Mortgage’s reverse mortgage offerings — which offers the loans through its brokerage — the survey itself was condu
The COVID-19 pandemic created dramatic changes in the share of people working from home, which has remained elevated even after the pandemic. Prior to the pandemic, only 5.7% of the U.S. workforce was working from home. This figure jumped to 17.9% in 2021 during the peak of the pandemic and decreased slightly to 15.2% in.
Based on the local market appraisal fee, Valuation Connect values the “appraisal expertise” component of a hybrid appraisal at 18% of what the consumer pays for an appraisal. This firm hasn’t awarded us work in about two years, and they only hire us when they are in a jam, and we require the local market rate. Immediately after asking for our driver’s licenses, which we didn’t provide, we got a request for a hybrid appraisal in Manhattan, the most expensive housing market in the U.S., for a who
How digital forms can revolutionize your renewable energy data management Renewable energy stands as an indispensable pillar of sustainable development, offering a crucial solution to mitigate climate change and reduce our reliance on fossil fuels. In parallel, digital and online forms have revolutionized how businesses operate, streamlining processes, enhancing efficiency, and promoting eco-conscious practices.
HOW LOCAL COMMUNITY FEATURES INFLUENCE FLORIDA PROPERTY VALUES The value of a property is influenced by more than just its size, layout, and amenities. Local community features play a significant role in determining property values. From schools and parks to transportation and safety, these factors shape the value of homes in certain neighborhoods. Understanding how local community features influence Florida property values can provide valuable insights for homeowners, investors, and prospective
Renovations are a great way to boost home value and aesthetics. You probably already have some ideas and may have even received inspiration from the dozens of remodeling shows. Having a few high expectations is normal — especially during the planning phase — but you must consider how well they’ll hold up against reality. You don't want to go all in, look back halfway through and wish you’d done something differently.
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