Appraisal Buzz

SEPTEMBER 3, 2024

A recent study has brought to light the financial advantages of working with Independent Mortgage Brokers, underscoring the significant savings and inclusive support they offer to a diverse range of homebuyers. The study, conducted by Polygon Research and backed by Willow Canyon Advisors and United Wholesale Mortgage (UWM) , analyzed 2023 data, and found that consumers who choose Mortgage Brokers over nonbank retail lenders can save an average of $10,662 over the life of their loan.

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Mortgage Retail Housing Market Appraisal 397

Housing Wire

SEPTEMBER 3, 2024

With elevated mortgage rates having persisted over the past two years, Federal Reserve Chair Jerome Powell indicated recently that a cut to the federal funds rate at this month’s meeting of the Federal Open Market Committee (FOMC) is on the table, which would likely have the effect of driving mortgage rates lower. Elevated interest rates have been part of the reality for the forward and reverse mortgage channels since the waning days of the COVID-19 pandemic.

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Mortgage Clients Finance Business 420

Real Estate News

SEPTEMBER 3, 2024

The policy, which was designed to discourage the sharing of listings via private networks outside the MLS, is being called into question.

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Design 276

Housing Wire

SEPTEMBER 3, 2024

The chief economist of Fannie Mae expects to hang up the cleats this year. Doug Duncan , who’s been the chief economist at the government-sponsored enterprise since 2008, will be retiring effective Sept. 22, according to Rob Chrisman, who first reported the news on his blog Tuesday morning. Mark Palim, the company’s deputy chief economist, will succeed Duncan as chief economist.

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Appraisal Buzz

SEPTEMBER 3, 2024

Ron Chillemi has joined non-bank HELOC provider Figure Technology Solutions as its first chief legal officer and corporate secretary, where he will oversee the company’s legal and compliance functions. Chillemi has more than 25 years of regulatory affairs, government relations, and compliance experience in fintech, at top law firms, and as a federal and state prosecutor.

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Legal Technology Government Modernization 195

Housing Wire

SEPTEMBER 3, 2024

In a new episode of the “Real Estate Insiders Unfiltered” podcast, John Campbell — managing director at Stephens Inc. and an equity research analyst — joins hosts James Dwiggins and Keith Robinson to chat about last month’s major changes for the real estate industry. The trio discuss the major companies that are thriving in the post-Aug. 17 market and those that still face challenges.

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Real Estate Agents Realty New Listings 390

Housing Wire

SEPTEMBER 3, 2024

Mortgage servicer Nationstar , doing business as Mr. Cooper , is expected to settle a lawsuit with electronic payment processing vendor ACI Payments that is related to alleged damages from unauthorized mortgage payments imposed on Mr. Cooper’s customers three years ago. The settlement notice was filed Aug. 30 in a U.S. district court in Texas.

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Legal Fees Mortgage Legal Contracts 364

Real Estate News

SEPTEMBER 3, 2024

With new industry practice changes now in effect, agents can face real consequences for breaking the rules. MLSs — and brokerages — are trying to help.

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Brokerage Agents 205

Housing Wire

SEPTEMBER 3, 2024

CMG Home Loans , the retail lending division of CMG Financial , announced on Tuesday the appointment of Kari Van Kleef to the position of reverse mortgage operations manager. She is one of “several industry veterans who will be directing the dedicated reverse mortgage department at CMG,” the company said. Van Kleef, who previously worked for the reverse mortgage divisions at Fairway Independent Mortgage Corp. and Movement Mortgage , has been in the broader mortgage business for about 26 years an

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Real Estate News

SEPTEMBER 3, 2024

The Keyes Company has reached an agreement in the Gibson lawsuit as the settlement fund nears $1 billion.

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Brokerage 212

Housing Wire

SEPTEMBER 3, 2024

Florida-based independent brokerage The Keyes Co./Illustrated Properties has joined the growing list of brokerages that have settled the commission lawsuits. The firm notified the court of its settlement agreement on Tuesday in the consolidated Gibson and Umpa suits suits via a motion to stay the case. No details of the conditions of the settlement were immediate available.

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Brokerage Realty Realtors Real Estate 344

Inman

SEPTEMBER 3, 2024

Anthony Lamacchia said threats of severe penalties for commission violations leveled by plaintiffs lawyer Michael Ketchmark and Consumer Advocates in American Real Estate are "unnecessary.

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Real Estate Agent Real Estate Agents Brokerage 182

GoForrmz

SEPTEMBER 3, 2024

“ I have to tone the guys down because I hear them all the time saying, ‘Can we just get a form and QR code for this and that?’ ” — Janeen Sheard, Director of Information Services, The Conlan Company About The Conlan Company The Conlan Company, a general contractor with corporate offices in Atlanta, Georgia, Jacksonville, Florida, and Dallas, Texas, specializes in constructing industrial facilities.

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Tenants Construction 78

Inman

SEPTEMBER 3, 2024

At Compass, Thor Brown will serve as director of luxury sales, while Sam Fingold will take on the role of luxury real estate advisor, according to South Florida Agent Magazine. Both will operate out of Compass’ Palm Beach Island office at 150 Worth Avenue.

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Agents Real Estate Brokerage 166

Lamacchia Realty

SEPTEMBER 3, 2024

Anthony Lamacchia Announced as 2024 Vanguard by HousingWire September 3, 2024 – Today, HousingWire announced the winners of the annual Vanguards Award , marking the 10th year of recognizing executives in the housing economy for their outstanding leadership. This year, Anthony Lamacchia was honored among the 100 honorees selected for this prestigious award.

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Realtors Real Estate Realty Buyers 72

Inman

SEPTEMBER 3, 2024

In a newly created role at Rocket Pro TPO, the former Sagent CEO is tasked with winning more business from mortgage brokers by leveraging Rocket's data, technology and AI capabilities.

Technology 156

Technology Business Mortgage Lending 156

Birmingham Appraisal

SEPTEMBER 3, 2024

These Appraiser Tips for Home Pricing in Birmingham, AL Could Save You Thousands Correctly pricing a home is one of the most critical factors in successfully selling real estate, particularly in a dynamic market like we currently have in many parts of the country. With over 30 years of experience as a residential real estate appraiser, I’ve witnessed firsthand how inaccurate home pricing in Birmingham, AL, can easily lead to mistakes that jeopardize a property’s appraisal value.

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Appraisal Sellers Real Estate Market Value 52

Inman

SEPTEMBER 3, 2024

Selling real estate under the new commission rules is like playing Red Light, Green Light on a tightrope, bicoastal agent Cara Ameer writes. Here’s how her business has been since the change.

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Real Estate Agents Business Realtors 149

Mortgagebroker News

SEPTEMBER 3, 2024

Government reintroduces stricter rules for temporary foreign workers

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Government 69

Inman

SEPTEMBER 3, 2024

WAV Group is seeking feedback from agents on the fate of the policy in a new survey ahead of the National Association of Realtors' Emerging Issues Advisory Board committee meeting Sept. 12-13.

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Realtors Agents 147

Mortgagebroker News

SEPTEMBER 3, 2024

Banking giant on how trend is cutting into profits

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Mortgage 75

Inman

SEPTEMBER 3, 2024

The settlement was revealed in a new court filing, though the company has not said how much it might pay. The Keyes Company has more than 4,000 agents working across Florida.

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Agents Realtors Brokerage 138

Mortgagebroker News

SEPTEMBER 3, 2024

Economists predict a series of rate reductions

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Inman

SEPTEMBER 3, 2024

At the flagship Inman Connect New York in 2025 and Austin Connect this October, discover how building a robust referral network can revolutionize and future-proof your real estate business.

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Real Estate Business 135

Mortgagebroker News

SEPTEMBER 3, 2024

Issues cast [shadow over otherwise strong revenue growth

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Inman

SEPTEMBER 3, 2024

Murdoch's Australia-based News Corp subsidiary announced on Monday that it was considering a cash and stock offer for the UK's largest real estate portal.

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Real Estate Brokerage Agents Marketing 134

Eppraisal

SEPTEMBER 3, 2024

Paying off your mortgage is a significant milestone, one that brings a sense of freedom and accomplishment. With this newfound financial flexibility, many homeowners wonder what to do next. While it's tempting to focus solely on enjoying the extra cash flow, it's important to remember that your home still requires attention and investment.

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Mortgage Inspection Renovations Modernization 36

Inman

SEPTEMBER 3, 2024

Pre-sale renovation services company Revive has made its artificial intelligence-backed property valuation product, Revive Vision AI, free to all real estate consumers.

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Renovations Valuation Real Estate Technology 99

Mortgagebroker News

SEPTEMBER 3, 2024

Bank CEO talks market prospects looking ahead

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Marketing Mortgage 67

Housing Wire

SEPTEMBER 3, 2024

For many in the real estate industry, Aug. 17, 2024 — the date that the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement went into effect — served as a reckoning of sorts. “I am in awe of how many folks decided on Thursday that something was changing on Saturday,” Linda O’Koniewski, the broker-owner of Leading Edge Real Estate , said the week after the business practice changes went into effect.

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Brokerage Agents Real Estate Real Estate Agent 433

Will Springer Realtor

SEPTEMBER 3, 2024

Unless you’re an economist, real estate geek or enjoy feasting on CNBC all day, you probably didn’t know that today’s mortgage rates are below the average figure over the past half-century. It’s true! Interest rates in the 6%-7% range – or higher – might seem daunting, especially if you’ve grown accustomed to the historically low borrowing costs of recent years.

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Mortgage Buyers Sellers Home Value 59

Housing Wire

SEPTEMBER 3, 2024

With the calendar shifting to September and the next meeting of Federal Reserve policymakers only two weeks out, mortgage rates continue to recede and evidence suggests that borrowers are reacting to more favorable housing market conditions. At HousingWire ‘s Mortgage Rates Center on Tuesday, the 30-year rate for conforming loans averaged 6.60%, down from 6.64% one week ago.

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Mortgage Inventory Buyers Sellers 471

Eyes on Housing

SEPTEMBER 3, 2024

Private residential construction spending fell 0.4% in July, according to the Census Construction Spending data. Nevertheless, spending remained 7.7% higher compared to a year ago. The monthly decline in total private construction spending for July was largely due to reduced spending on single-family construction. Spending on single-family construction plunged by 1.9% in July, following a.

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Construction 94

Housing Wire

SEPTEMBER 3, 2024

Rocket Pro TPO tapped Dan Sogorka as its general manager as the wholesale arm of Rocket Mortgage looks to equip broker partners with better technology. Dan Sogorka Sogorka will spend much of his time with broker partners to help them understand the technology needed on the Rocket Pro TPO platform, and how buyers and sellers interact with Rocket’s tools.

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Technology Modernization Buyers Tools 365