Appraisal Buzz
NOVEMBER 8, 2024
In its latest Lending Intelligence Report, J.D. Power examines artificial intelligence and its emergence in the mortgage marketplace. In the report “ With AI-Powered Chatbots Coming to Customer Service, Are Mortgage Customers Ready? ” three-fourths of business leaders said they were planning to escalate their AI investments as they continue to see positive strides in customer service functionality.
Housing Wire
NOVEMBER 8, 2024
Realtors are not the only ones gathering in Boston this week for the National Association of Realtors ‘ NXT conference. On Thursday, MLS leaders took center stage at several conference sessions, including discussions of the business practice changes driven by the NAR commission lawsuit settlement and how the role of the MLS — and the MLS-broker relationship — has evolved as a result.
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Appraisal Buzz
NOVEMBER 8, 2024
The third-quarter 2024 study from ATTOM examines eligible low-income Opportunity Zones that Congress designated for economic revitalization under the 2017 Tax Cuts and Jobs Act. In this analysis, ATTOM examined 3,857 U.S. zones that had at least five home sales in the third quarter of 2024 and had enough data to analyze. According to the analysis, in 53% of Opportunity Zones nationwide with sufficient data to measure, median prices for single-family homes and condos rose between the second and t
Housing Wire
NOVEMBER 8, 2024
The newly-updated Fannie Mae Selling Guide for November has aimed to modernize special property eligibility and underwriting considerations for leasehold estates, and it has revised the government-sponsored enterprise (GSE)’s project review requirements for properties secured by manufactured homes. The Selling Guide has also updated requirements “related to the market area analysis of the appraisal report and add[ed] standardized definitions relevant to appraisal market areas to the glossa
Appraisal Buzz
NOVEMBER 8, 2024
Navy Federal Credit Union , in partnership with Sperling’s BestPlaces , released the “2024 Best Cities After Service” list—a report designed to help military servicemembers, veterans, and their families make a smooth transition to civilian life by evaluating the pros and cons of U.S. cities where they may consider settling down. From coastal and midwestern locations, to warm and cold climates and big cities and small towns, the Best Cities After Service report has options for everyone.
Housing Wire
NOVEMBER 8, 2024
In the latest episode of the Power House podcast, host Diego Sanchez sits down for a group chat with Fobby Naghmi, senior vice president at Homecomings Mortgage & Equity , and Ginger Bell, founder of Edumarketing. The conversation covers Bell’s and Naghmi’s co-authored real estate and mortgage guidebook “Leadership Matters,” and the importance of communication and training for leadership development in the mortgage industry.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
NOVEMBER 8, 2024
With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action. Shallis, with over three decades of experience in the real estate industry has helped realtors, buyers, and sellers navigate all types of market conditions.
Real Estate News
NOVEMBER 8, 2024
During a Q3 earnings call, CEO Ryan Schneider reiterated his support of the CCP but said large firms would be the winners if it goes away. Revenue, income fell.
Housing Wire
NOVEMBER 8, 2024
White-label brokerage Side keeps turning the screws on Official Partners and the Alexander brothers. Side filed a temporary restraining order on Wednesday against Tal and Oren Alexander, accusing the brothers of moving the underlying collateral on a loan that Side extended to Official Partners prior to the rape accusations against the Alexanders. The order requests that the Alexanders be prevented from “selling, transferring, dissipating, or otherwise disposing of any of Defendants’ real propert
Appraisal Buzz
NOVEMBER 8, 2024
Mortgage rates continued to rise during the week ended November 7, as the average rate for a 30-year fixed-rate mortgage increased to 6.79%, up from 6.72% last week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 7.50%. “Mortgage rates continued to inch up this week, reaching 6.79 percent,” says Sam Khater, chief economist for Freddie Mac, in a statement.
Housing Wire
NOVEMBER 8, 2024
After a monumental year of change, the National Association of Realtors (NAR) is looking to the past to find inspiration for the future. Kevin Sears took to the NAR NXT main stage at the Boston Convention and Exhibition Center on Friday morning with a large iced coffee from Dunkin’ in hand. The NAR president and Massachusetts native then took NAR members on a walk down memory lane to explain the trade group’s priorities for 2025.
Appraisal Buzz
NOVEMBER 8, 2024
The national mortgage delinquency rate for residential mortgage loans decreased slightly to a seasonally adjusted rate of 3.92% of all loans outstanding as of the end of the third quarter, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The delinquency rate was down 5 basis points from the second quarter but up 30 basis points from one year ago.
Housing Wire
NOVEMBER 8, 2024
Ellington Financial , the parent company of top-five reverse mortgage lender and servicer Longbridge Financial , saw its net income attributable to common stockholders fall in the third quarter of 2024 to $16.2 million — down from $52.3 million in Q2 — but company leaders said that the proprietary reverse mortgage product line offered by Longbridge continues to show strength.
Appraisal Buzz
NOVEMBER 8, 2024
Truv , a provider of income, employment, asset and home insurance verification solutions, and Lodasoft , which offers a digital workflow platform designed by mortgage experts to automate the lending process, are now integrated to provide mortgage lenders with seamless, real-time verification capabilities directly within the loan application. With real-time verification, lenders eliminate manual document gathering and reduce processing times, using consumer-permissioned data retrieved directly fr
Real Estate News
NOVEMBER 8, 2024
An aging seller pool reflects a trend also seen among buyers — but sellers have retained the upper hand, rarely reducing prices or offering incentives.
Appraisal Buzz
NOVEMBER 8, 2024
According to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, originations of commercial and multifamily mortgage loans rose by 59% in the third quarter of 2024 compared to the same period last year and by 44% from the second quarter of 2024. “After a slow start to the year, borrowing and lending backed by commercial real estate properties picked up during the third quarter,” said Jamie Woodwell, MBA’s Head of Commercial Real Esta
Real Estate News
NOVEMBER 8, 2024
BBB National Programs ruled in favor of Realtor.com, saying it “provided a reasonable basis” for its claim of being “#1 Site Real Estate Professionals Trust.
Inman
NOVEMBER 8, 2024
The National Advertising Division on Friday denied CoStar's challenge to Realtor.com's "No. 1 site real estate professionals trust" tagline. CoStar said it's based on outdated data. NAD disagreed.
Real Estate News
NOVEMBER 8, 2024
Kevin Sears kicked off NAR NXT with an acknowledgement of real estate industry challenges and a message of unity. His go-to message: “We protect consumers.
Inman
NOVEMBER 8, 2024
Davis and her team, the Wendy Davis Group, join the firm from eXp Realty. Davis will manage operations at Coldwell Banker Realty's Sherman Oaks and Studio City offices.
Appraisal Today
NOVEMBER 8, 2024
Newz: New URAR, GSEs Update Appraisal Market Areas Requirements, Lender Redlining November 8, 2024 What’s in This Newsletter (In Order, Scroll Down) Claudia Says: Navigating Value Revisions in Appraisals The New URAR: Embracing New Beginnings $19.8 Million Cape Cod Estate Next to Kennedy Family’s Famed Hyannis Port Compound Hits the Market CFPB and Justice Department Take Action Against Fairway for Redlining Black Neighborhoods in Birmingham, Alabama October 2024 Real Estate Market Update: A Bal
Inman
NOVEMBER 8, 2024
Expedia’s net income for Q3 was $684 million, with adjusted net income of $809 million — significant improvements compared to Q2 2024, when net income was $386 million and adjusted income was $469 million.
Lamacchia Realty
NOVEMBER 8, 2024
Kevin Sears Installed as 2025 President of The National Association of REALTORS® November 7, 2024 – At the annual National Association of REALTORS® Conference Governance Meeting , held at the Boston Convention & Exhibition Center, Kevin Sears was installed as the 2025 President of The National Association of REALTORS®. Kevin was the 2024 President of NAR, and prior to being so, he was the President’s Liaison in 2019, and NAR Vice President of Government Affairs in 2017.
Inman
NOVEMBER 8, 2024
The company's Q3 revenue clocked in at $83.7 million while net losses rose to $8.1 million as Fathom faced an uncertain market and dealt with expenses related to a $3 million NAR settlement contingency.
Hank Miller Team
NOVEMBER 8, 2024
In this post, we look at new home problems with framing. Home builders excel as magicians; now you see it and now you don't as drywall hides all sins. Framing a home is literally building the skeleton, kind of important to get it done right. The majority of new builds are not "custom homes"; they are common plans that builders prefer. Typically, they have "framing packages" delivered to the site.
Inman
NOVEMBER 8, 2024
The temporary restraining order alleges that Tal and Oren Alexander moved the underlying collateral on a loan that the firm extended to Official Partners two years ago in a potential attempt at "dissipating the assets.
Mortgagebroker News
NOVEMBER 8, 2024
CEO discusses why taking risks and facing setbacks is the pathway to 'outlier' results
Inman
NOVEMBER 8, 2024
Regulators have signed off on plans to restructure insurance business into a company that's owned by policyholders and operated by Porch, insulating it from catastrophic weather events.
Lamacchia Realty
NOVEMBER 8, 2024
Trevor Gearin Qualifies for the 2024 Lamacchia Realty President’s Club We are excited to announce that Trevor Gearin has officially qualified for the 2024 Lamacchia Realty President’s Club! He achieved this impressive feat by surpassing $16,000,000 in sales volume so far this year. This is Trevor’s first time qualifying for President’s Club, as he joined Lamacchia earlier this year in January.
Inman
NOVEMBER 8, 2024
Learn how New York City agent Limor Nesher found out that developing your skills in response to new opportunities can help you become an expert.
Mortgagebroker News
NOVEMBER 8, 2024
Generative AI, sustainable practices, and regional growth emerge as key focus areas
Inman
NOVEMBER 8, 2024
State officials estimated that Measure 4 would cost North Dakota $3.15 billion in lost revenue over two years. Realtor.com Chief Economist Danielle Hale cautioned that while North Dakota’s property tax system might benefit from reform, eliminating it entirely could create even greater challenges.
Mortgagebroker News
NOVEMBER 8, 2024
Sales increase as rate cuts encourage buyers in major cities
Inman
NOVEMBER 8, 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.
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