Housing Wire

JULY 17, 2024

Appraisal 508

Appraisal 508

Appraisal Buzz

JULY 17, 2024

Down Payment Resource (DPR) is showcasing 18 U.S. homebuyer assistance programs that are especially made to support persons with disabilities and their family caregivers on their road toward homeownership in honor of Disability Pride Month, which takes place in July. 18 of the 2,300+ U.S. homebuyer aid programs in DPR’s database are especially designed to support accessibility and inclusivity for prospective homeowners with disabilities, while individuals with impairments may be eligible for any

Renovations 370

Renovations Buyers Design Mortgage 370

Housing Wire

JULY 17, 2024

There is no escaping the reality that the recent NAR/Sitzer/Burnett settlements is already changing the real estate world as we know it. Amongst the most substantial terms of that agreement is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation for their work. There has been quite a bit of discussion already about how this will impact the traditional residential purchase.

Real Estate 493

Real Estate Agents Training Buyers 493

Appraisal Buzz

JULY 17, 2024

In today’s episode, we welcome back Shawn Telford, the Chief Appraiser and Valuation Officer for CoreLogic. Shawn takes us through his journey in the appraisal industry and his influential role at CoreLogic. Then we delve into the upcoming UAD changes, their implications for appraisers, and the timeline for these significant updates. Plus, get a sneak peek into the panel discussion Shawn will lead at Val Expo on August 21st, alongside industry experts Lee Trice and James Heaslet.

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Appraisal Valuation Modernization 370

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

Construction

Housing Wire

JULY 17, 2024

Real estate investor sentiment rose 16% from the prior quarter and 60% of surveyed investors view the current housing market more favorably than a year ago. That was the key conclusion of the Summer 2024 Investor Sentiment Survey released Wednesday by Connecticut-based mortgage lender RCN Capital and conducted by business advisory firm CJ Patrick Co.

Real Estate 437

Real Estate Investors Insurance Investing 437

Housing Wire

JULY 17, 2024

Higher mortgage rates have increased recession risk by targeting the one sector that always falls before every recession: residential construction workers. And higher rates are also impacting the future supply of homes, as housing permits have been in a downtrend for a while. Single-family permits fell again in today’s housing starts report. Of course, the one solution that can change the tide for this concerning downtrend is lower mortgage rates.

Construction 432

Construction Mortgage Housing Market Marketing 432

Real Estate News

JULY 17, 2024

The TV star and founder of The Agency says running an association is “a pain” but sees opportunities to improve the agent experience and “fragmented” MLS space.

Agents 235

Agents 235

Housing Wire

JULY 17, 2024

Mortgage applications increased 3.9% on a seasonally adjusted basis during the week ending July 12, due mainly to borrowers taking advantage of a decline in rates to refinance their home loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). “Mortgage rates declined last week, as recent signs of cooling inflation and the increased likelihood of Federal Reserve rate cuts later this year pulled them lower,” Joel Kan, MBA’s vice president and deputy chief economist,

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Business Mortgage Retail Contracts 417

Appraisal Buzz

JULY 17, 2024

This piece originally appeared in the July 2024 edition of MortgagePoint magazine, online now. /*! elementor – v3.22.0 – 26-06-2024 */.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading.elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading.elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading.elementor-heading-title.elementor-size-medium{font

Appraisal 221

Appraisal Property Taxes Modernization Reconsideration of Value 221

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.

Real Estate

Housing Wire

JULY 17, 2024

Despite a 3% monthly increase , the pace of new housing construction was 4.4% slower in June 2024 than a year prior, according to data released Wednesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD). In June, privately owned housing starts were at a seasonally adjusted annual rate of 1.353 million units.

Construction 393

Construction Property Management Development Housing Market 393

Appraisal Buzz

JULY 17, 2024

U.S. Sen. Sherrod Brown , Chair of the Senate Committee on Banking, Housing, and Urban Affairs , and Sen. Mike Braun have announced the Senate passage of their legislation, the VA Home Loan Awareness Act , to help inform veteran homebuyers of their eligibility for the VA home loan program, which will assist more veterans in achieving the dream of homeownership.

Legal 221

Legal Law Design Insurance 221

Housing Wire

JULY 17, 2024

Six U.S. regulators announced on Wednesday that they have approved a final rule that requires mortgage originators and secondary market issuers to impose quality control standards for their automated valuation models (AVMs). In June , the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) announced their approval of the final rule.

Valuation 387

Valuation Technology Law Insurance 387

Real Estate News

JULY 17, 2024

Staten Island MLS adds Checkmate software; lender NEO leverages zavvie's cash-offer platform; Reliance adds AI-powered marketing tools.

Tools 218

Tools Marketing 218

Housing Wire

JULY 17, 2024

Survey data released Wednesday by F&G Annuities & Life Inc. shows that economic realities and other considerations are driving Americans to either delay or come out of retirement. F&G’s newly released Retirement Reconsidered survey , which was conducted in May across a sample of 2,048 respondents ages 50 and older, found that 51% of this cohort are thinking of reentering the workforce or pushing back their retirement plans.

Insurance 381

Insurance Clients Tools Finance 381

Real Estate News

JULY 17, 2024

The proposed regulation — the first of its kind — comes at a time when the real estate is already dealing with lawsuits over unsolicited texts and calls.

Real Estate 207

Real Estate 207

Housing Wire

JULY 17, 2024

A newly released episode of the Real Estate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug. 17. Co-hosts James Dwiggins and Keith Robinson chatted with industry expert Ed Zorn to address key questions that real estate agents may have in the wake of recent Department of Justice investigations targeting several organizations, including th

Sellers 381

Sellers Real Estate Buyers Legal Fees 381

Inman

JULY 17, 2024

California Regional MLS's general counsel talks offers of compensation, seller concessions, steering and buyer agency agreements ahead of his appearance at Inman Connect Las Vegas.

Contracts 197

Contracts Buyers Sellers Brokerage 197

Housing Wire

JULY 17, 2024

Compass continues to welcome top-producing agents to the firm. Earlier this month, the brokerage announced that it was welcoming 30 agents in South Florida from the Engel & Völkers -brokered SWF Premium Real Estate Team. The team will be part of Compass’ newly opened office in downtown Naples. “We are thrilled to announce Compass’ new real estate office in Downtown Naples on Fifth Avenue,” Adam Vellano, managing director at Compass, said in a statement.

Agents 371

Agents Brokerage Real Estate Clients 371

Appraisal Buzz

JULY 17, 2024

About 93% of adult zoomers – the generation born in the 15-year span from 1997 to 2012 – want to own a home, with 58% saying they want to own property so they can be rich and wealthy someday, a survey conducted by Clever finds. But with high interest rates and a lack of available homes sending prices soaring, 60% of Gen Z worry they might never own a home, the survey of 1,000 zoomers reveals.

Appraisal 195

Appraisal Mortgage 195

Housing Wire

JULY 17, 2024

Reverse mortgage marketing can be an exacting process. Due to ongoing reputational challenges stemming from years (and loans) past, lenders have to consider the ways they can effectively recontextualize the product for some clients while broadening its appeal, compensating for misconceptions and acknowledging current realities around things like interest rates, retirement savings levels and access to equity.

Marketing 370

Marketing Mortgage Finance Design 370

Appraisal Buzz

JULY 17, 2024

Total mortgage application volume increased 3.9% during the week ended July 12, driven by a significant drop in mortgage rates that resulted in a surge in refinances, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. The average rate for a 30-year fixed-rate mortgage decreased to 6.87%, down from 7% the previous week.

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Mortgage Appraisal 195

Housing Wire

JULY 17, 2024

The U.S. Department of Housing and Urban Development (HUD) on Wednesday proposed a new rule that would implement a permanent program to sell seriously delinquent single-family mortgages insured by the Federal Housing Administration (FHA). These sales have been tested by HUD since 2002, but HUD said that the proposed rule will improve community stability and expand the availability of affordable homes for families as the market faces a supply challenge.

Mortgage 356

Mortgage Government Insurance Development 356

George Dell

JULY 17, 2024

Who you knew was important when I was a trainee. What you knew was simple: compare comps. Find some comps. Make adjustments. Or — avoid adjustments. (My expert MAI trainer said “if you make adjustments, then the other attorney will ask you how you got the number.” “Just say better, worse, or similar!) Finding comps […] The post Who You Know or What You Know?

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Inman

JULY 17, 2024

Interest rate buydowns involve a trade-off between upfront costs and long-term affordability. Clever CEO Luke Babich offers strategies to help clients make the choice.

Clients 183

Clients Lending Agents Mortgage 183

Appraisal Buzz

JULY 17, 2024

Non-QM lender A&D Mortgage has launched a new loyalty program designed to recognize and appreciate the dedication and commitment of its broker partners. The firm’s new ADvantage Partner program is set to transform the way mortgage brokers operate, providing them with unparalleled benefits and rewards while revolutionizing their businesses, A&D Mortgage says in a release.

Mortgage 150

Mortgage Training Design Appraisal 150

Inman

JULY 17, 2024

Housing affordability will remain an issue at the forefront of the upcoming presidential election, where swing states will determine the next president and the future of housing costs.

Home Value 172

Home Value Housing Market Brokerage Marketing 172

Eyes on Housing

JULY 17, 2024

Elevated interest rates for home mortgages and construction and development loans kept single-family production and demand in check during June. Overall housing starts increased 3.0% in June to a seasonally adjusted annual rate of 1.35 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

Construction 119

Construction Development Mortgage 119

Inman

JULY 17, 2024

Maria Avellaneda rejoins KWNYC after six years at Compass. She will focus on ultra-luxury transactions and lead the franchise’s luxury market in the Hamptons.

Agents 164

Agents Marketing Real Estate Brokerage 164

Mortgagebroker News

JULY 17, 2024

Investor enthusiasm rises as sales activity picks up

Real Estate 84

Real Estate Investors 84

Inman

JULY 17, 2024

As the U.S. dollar's value and home sale prices rose from April 2023 to March 2024, international buyers shied away from investing in U.S. real estate, according to a new report from NAR.

Buyers 163

Buyers Real Estate Investing Realtors 163

BiggerPockets

JULY 17, 2024

With so many ways to invest in real estate today, finding the right path for you can be tough. Take a look at what Brian is considering.

Investing 82

Investing Real Estate 82

Inman

JULY 17, 2024

Broker-owner Andrew Fortune writes that finding work-life balance involves investing in self-care and building support systems.

Investing 163

Investing Brokerage Agents 163