Housing Wire
OCTOBER 29, 2024
Is home-price growth finally cooling? That’s a question raised by the S&P CoreLogic Case-Shiller Index for August, which showed deceleration on a year-over-year basis and a slight dip relative to July. On a non-seasonally adjusted basis, the national home price index posted a 4.2% gain year over year, less than the 4.8% gain from July. The monthly index fell by 0.1%.
Appraisal Buzz
OCTOBER 29, 2024
According to a recent Redfin study, just over two-thirds (68.7%) of millennial/Gen Z homeowners feel their financial situation has improved over the past four years, compared to just over half (52.2%) of millennial/Gen Z renters. The primary question asked was: “Would you say you are better or worse off financially than you were 4 years ago?” Respondents were asked to select one of five answer choices: Much better off financially Slightly better off financially Much worse off financially Slightl
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Housing Wire
OCTOBER 29, 2024
Industry-leading reverse mortgage lender Finance of America (FOA) announced this week that nearly all of the holders of outstanding senior notes that were set to mature in 2025 will participate in a new bond exchange offer that was first announced in June and amended last month. Under the amended offer, the current unsecured notes, due in 2025 with an interest rate of 7.875%, could be swapped for one of two new bond options — those with the same interest rate due in 2026 (with a company option t
Appraisal Buzz
OCTOBER 29, 2024
The Federal Housing Finance Agency (FHFA) has announced updates to several Fannie Mae and Freddie Mac policies including expanding eligibility for appraisal waivers on purchase loans; expanding eligibility for the Freddie Mac performing loan repurchase alternative pilot; and expanding the Uniform Appraisal Dataset to include appraisal data from applications for FHA-insured loans.
Housing Wire
OCTOBER 29, 2024
In today’s mortgage landscape, appraisals are a critical component of the loan origination process. To stay competitive, lenders need to adopt a comprehensive approach to collateral management that reduces risk and provides value to their customers and partners in the mortgage ecosystem. Scot Rose from Class Valuation explores current trends and offers strategies to help lenders thrive in 2025.
Real Estate News
OCTOBER 29, 2024
A law professor filed a lengthy objection calling it “the worst of all possible worlds,” raising concerns about “chaos and frustration” as well as legal fees.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
OCTOBER 29, 2024
Nonprofits are increasingly turning to accessory dwelling units (ADUs) as a tool to combat the nation’s ongoing affordable housing crisis. ADUs are smaller, independent living spaces located on the same property as a primary residence, equipped with their own kitchen, bathroom, and sleeping area. By adding much-needed housing stock, these units are offering solutions to both rural and urban communities, as well as providing support for aging adults and low- to moderate-income homeowners.
Housing Wire
OCTOBER 29, 2024
There’s less than a month until the final approval hearing for the commission lawsuit settlement agreements reached by the National Association of Realtors , HomeServices of America , and other brokerages and non-Realtor-affiliated MLSs that opted in to NAR’s settlement. Ahead of that date, the objections have started to roll in. In addition to the objection filed by law professor Tanya Monestier on Monday, objections were recently filed by attorneys at Knie & Shealy , who represent th
Appraisal Buzz
OCTOBER 29, 2024
In the competitive landscape of real estate, leveraging advanced tools and services can significantly impact an agent’s ability to maximize revenue opportunities for themselves and their clients. USRES and RES.NET provide a range of products and services designed to streamline processes, enhance efficiency, and drive profitability for all participants in the real estate disposition and liquidation life cycle.
Housing Wire
OCTOBER 29, 2024
Earlier this year, Lewisville, Texas-based property services company MCS announced that it acquired Five Brothers Asset Management Solutions , a deal that brought MCS into the reverse mortgage industry for the first time. Soon after, CEO Craig Torrance offered an early look at what he hoped to achieve with the move. Roughly six months later, Torrance and Chad Mosley, the company’s president of mortgage services, attended the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting an
Appraisal Buzz
OCTOBER 29, 2024
Lora Helt has joined Ascribe , a national provider of residential and commercial valuation, evaluation, property inspection, and REO services to mortgage lenders and servicers, as senior vice president of national sales. Helt is an industry veteran with years of experience in mortgage origination and servicing. Her career includes executive roles with Altisource and Bradford Technologies as well as certification and experience as a licensed residential appraiser.
Housing Wire
OCTOBER 29, 2024
In the latest episode of the RealTrending podcast , Amy Stockberger — broker-owner of Amy Stockberger Real Estate — joins Tracey Velt for a tantalizing conversation that covers her teamerage’s unique “Lifetime Home Support” model and other ways that agents can provide value to home buyers and sellers. This interview has been lightly edited for length and clarity.
Appraisal Buzz
OCTOBER 29, 2024
Mortgage servicer Fay Servicing reports that it has helped thousands of homeowners who are struggling financially through its partnership with SpringFour, a social impact fintech that empowers banks, credit unions, fintech lenders, employers, loan servicers, mortgage insurers, nonprofits, and organizations across all industries to connect consumers with vetted, local nonprofit and government financial health resources.
Housing Wire
OCTOBER 29, 2024
While we can’t share their names, we can share their stories. It’s the same one, over and over again. An individual, often for the first time, is engaging in one of the most important transactions of their lifetime: homeownership. Already intimidated by the multitude of financial requirements that come with securing a mortgage, the borrower becomes even more overwhelmed by the hundreds, sometimes thousands, of emails, calls and texts they receive from an unaffiliated third-party vendor after th
Real Estate News
OCTOBER 29, 2024
Two new surveys point to increasing optimism despite mortgage rate and election uncertainty, a sign that post-settlement anxiety could be waning.
Housing Wire
OCTOBER 29, 2024
Employment data for October is set to be released Friday, and it will go a long way in determining the path for mortgage rates, which have surged upward in the past month. At HousingWire’s Mortgage Rates Center on Tuesday, the average rate for 30-year conforming loans was 6.72%. That’s up 10 basis points (bps) from one week ago and 41 bps higher than on Sept. 18, when the Federal Reserve lowered benchmark rates by half a percentage point.
Real Estate News
OCTOBER 29, 2024
The company is responding to “a critical time for agents,” said founder Glenn Sanford. New incentives will take effect Nov. 1.
Inman
OCTOBER 29, 2024
CoreLogic Chief Economist Dr. Selma Hepp told Inman, “despite much-needed optimism, brought by a sharp decline in mortgage rates in August, the boost was short lived and not enough to renew homebuyers’ interest.
Appraiserblogs
OCTOBER 29, 2024
The Federal Housing Finance Agency’s (FHFA) recent push to expand the use of appraisal waivers represents a concerning and potentially disastrous gambit that threatens to undermine the integrity of the housing market and the broader economy as a whole. The recent announcement from the FHFA Deputy Director Naa Awaa Tagoe regarding the expansion of appraisal waiver eligibility for purchase loans is a significant development that has sparked significant debate and controversy within the mortgage i
Inman
OCTOBER 29, 2024
In a recent webinar, Spencer Rascoff, James Dwiggins and Jack Miller discussed the future of commissions and why agents and brokers should pay attention to their legal risk.
Eyes on Housing
OCTOBER 29, 2024
The homeownership rate for those under the age of 35 dropped to 37% in the third quarter of 2024, reaching the lowest level since the first quarter of 2020, according to the Census’s Housing Vacancy Survey (HVS). Amidst elevated mortgage interest rates and tight housing supply, housing affordability is at a multidecade low. The youngest.
Inman
OCTOBER 29, 2024
Despite the rhetoric of some in the industry, shifting away from using association-developed forms is the opposite of consumer-friendly, CAR President Melanie Barker writes for Inman.
Eyes on Housing
OCTOBER 29, 2024
After a period of slowing associated with declines for some elements of residential construction, the count of open construction sector jobs trended lower in the September data, per the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS). The data indicates the demand for construction labor market remains weaker than a year ago.
Inman
OCTOBER 29, 2024
The marketing tool provides insights and data on likely buyers who have engaged with properties listed by Compass agents. It may also help Compass' ongoing push against Clear Cooperation.
Lamacchia Realty
OCTOBER 29, 2024
Thrive Real Estate of Shrewsbury, MA is now a part of Lamacchia Realty Tuesday, October 29, 2024 – Thrive Real Estate of Shrewsbury has joined forces with Lamacchia Realty. Their location at 26 Maple Avenue in Shrewsbury, MA will now be the Lamacchia Realty Shrewsbury branch location. Anthony Lamacchia , Jackie Louh , Massoud Atallah , John Millen , and the leadership team of Lamacchia Realty are thrilled to be expanding in the local market, alongside the Lamacchia Realty Northborough , Worces
Inman
OCTOBER 29, 2024
Appraisal waiver programs that rely on automated valuation models will be expanded next year to allow participation by homebuyers putting less than 20 percent down.
Will Springer Realtor
OCTOBER 29, 2024
Selling your home can be both an exciting and overwhelming experience. As offers arrive through your listing agent, it’s essential to carefully evaluate each one to ensure you make the best decision for your circumstances. The right offer can set the stage for a smooth transaction while overlooking important details can often lead to complications. Understanding what to consider can make a significant difference in your selling experience.
Inman
OCTOBER 29, 2024
Twin Cities broker-owner Kris Lindahl has been making headlines with a one-of-a-kind collaboration for Call of Duty's latest game. Here's how solid branding — and intellectual property protections — made the deal happen.
Mortgagebroker News
OCTOBER 29, 2024
Tiff Macklem hailed Bank's latest move last week – but one financial advisor isn't so sure
Inman
OCTOBER 29, 2024
The property has been acquired by Arizona real estate developer Anita Verma-Lallian, who completed the purchase through a trust. The transaction was facilitated by Brooke Elliott Laurinkus from Christie's International Real Estate Southern California.
Mortgagebroker News
OCTOBER 29, 2024
The new tools will help brokers save time, boost client retention, and solidify their brand
Inman
OCTOBER 29, 2024
Inman plans to invest further into Blueprint to continue its growth in advance of the next Blueprint Vegas, Sept. 16-18, 2025.
Mortgagebroker News
OCTOBER 29, 2024
Conservative leader promises tax relief on new builds, targets housing affordability
Inman
OCTOBER 29, 2024
Every challenge is an opportunity in disguise, Darryl Davis writes, pushing you to grow, adapt and, ultimately, succeed in real estate.
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