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The importance of housing as a social driver of health cannot be overstated, yet the intricate pathways connecting housing conditions to health outcomes remain inadequately understood. This knowledge gap is particularly impactful for low-income families who face unique challenges in establishing a sense of home. My experience as a pediatrician at WakeMed has shown me firsthand how critical stable, and quality housing is to the health and well-being of children and their families.
According to new Redfin research , more than three in five—an estimated 61.9%—of homes on the market in May had been listed for at least 30 days without selling. That’s up from 60% a year ago and around 50% two years ago. Since March, when new listings increased but buyer demand remained sluggish, the share of properties on the market for at least one month has increased year-over-year, as it has since mortgage rates began climbing in 2022.
From rising home prices to rising mortgage rates and inflation , the millennial generation hasn’t had it easy when it comes to homeownership. But new data from Realtor.com shows that millennials aren’t overly burdened in comparison to previous generations. The analysis of historic home prices, income levels and mortgage rates found that baby boomers — Americans between the ages of 60 and 78 this year — “arguably faced the toughest housing market ever for first-time buyers.“ In 1980, when boomers
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.
Wells Fargo ’s program that provides up to $5,000 in closing costs for low- and moderate-income families to purchase a home has been extended to an additional 16 metro areas, the bank announced on Monday. The credit is available for borrowers with combined incomes of up to 80% of their area’s median income who are seeking to purchase a home as a primary residence.
A new report called the “Cost of Bills Index (COBI),” published by doxo, a web and mobile bill-pay service, is based on doxo’s nationwide bill payment statistics for the most common household bill categories which provides a standard comparison index for the most fundamental expenses that comprise the cost of living. By leveraging doxo’s unique aggregate findings along with anonymized bill pay data, the COBI is a new feature of doxoINSIGHTS which provides a comprehensive look into the bill pay
A new report called the “Cost of Bills Index (COBI),” published by doxo, a web and mobile bill-pay service, is based on doxo’s nationwide bill payment statistics for the most common household bill categories which provides a standard comparison index for the most fundamental expenses that comprise the cost of living. By leveraging doxo’s unique aggregate findings along with anonymized bill pay data, the COBI is a new feature of doxoINSIGHTS which provides a comprehensive look into the bill pay
The relative stability of the housing market in the first quarter of 2024 resulted in a fairly strong quarter for the title insurance industry. According to the American Land Title Association (ALTA) Market Share Analysis released Thursday, the industry generated $3.35 billion in title insurance premiums during Q1 2024, down only 0.8% year over year.
The recent settlement by the National Association of Realtors (NAR) has sent ripples through the real estate industry, leaving many agents reeling. As the dust begins to settle on this $418 million agreement, it is crucial for appraisers to recognize the vast opportunities now available to them. Understanding the Settlement The lawsuit that prompted this settlement was initiated by seller who felt they were unfairly treated in the real estate commission process.
Realtor.com is extending the reach of its buyer representation advertising campaign, according to an announcement on Monday. As part of this goal, it is launching a “new initiative promoting the benefits of buyer’s agents for individuals in historically underserved and underrepresented communities, including BIPOC, AANHPI, Hispanic, LGBTQ+, first-time, Veteran, and lower-income buyers.
ATTOM researchers found that counties around Chicago and NYC, as well as several in inland California, would be the most vulnerable in a housing downturn.
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.
After first entering the housing business to sell real estate , Jim Cullen transitioned into the mortgage industry in 1997. It would be a few more years before he made the jump into the reverse lending space, but once he did, he found a business that he connected with until his retirement this year. After most recently serving at University Bank from his home in Wisconsin , Cullen is on the cusp of a new transition — from reverse mortgage originator to reverse mortgage customer, having secured a
The U.S. Department of Housing and Urban Development (HUD) announced Monday the availability of $10 million in new grants to be distributed to 23 HUD-approved counseling agencies nationwide, which will help the department boost homeownership rates within historically underserved communities. Announced Monday morning in Harrisburg, Pennsylvania, by Federal Housing Administration (FHA) Commissioner Julia Gordon , the funds “will support activities by these agencies to prepare and equip prospective
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.
Plaintiffs Zillow Group and ShowingTime have reached a settlement agreement with defendants Arizona Regional MLS (ARMLS) and Wisconsin -based Metro MLS in Zillow’s antitrust suit against the multiple listing services. The court was notified of the settlement in a filing on Thursday, but the final terms of the settlement agreement have yet to be announced.
Opendoor unveils industry-first partnership with My State MLS; Real Brokerage launches curated tools; SWMLS partners with RealReports; CRMLS adds Lundy.
Dozens of former employees at Guaranteed Rate say the mortgage lender has fostered a toxic work environment — including verbal abuse, misogyny and bullying — amid the laser focus of its founder and CEO, Victor Ciardelli, on making money and growing the business, according to a report published Saturday by the Chicago Tribune. According to the report, the accusations included Ciardelli, who is described as a “boss who was quick to berate, swear at and demean employees,” mainly when rising interes
Want more listings this year? Offrs is a predictive analytics tool that generates listing leads for real estate agents. For over 10 years, they’ve been leveraging big data using a patented artificial intelligence (AI) algorithm that sifts through more than 250 data points to determine which homes and homeowners in your zip code are likely to sell their property in the next 12 months.
Celebrating its 80th anniversary on June 22 as part of the original GI Bill, the VA loan program has contributed $3.9 trillion to the U.S. economy, and VA loans rank as the top benefit veterans and military members receive for serving their country, according to a new survey from Veterans United Home Loans. For the survey , Veterans United surveyed 500 veterans and servicemembers to get their insights on the VA loan.
loanDepot has promoted Viviana Abarca, who has worked for the mortgage lender for the past 11 years, to managing director of mortgage lending operations. Abarca will report directly to president and CEO Frank Martell , the company announced on Monday. Abarca will lead loanDepot’s loan processing, underwriting and closing operations, which in the first quarter of 2024 were responsible for closing $4.6 billion in mortgages, down from $5.3 billion in the previous quarter.
This piece originally appeared in the June 2024 edition of MortgagePoint magazine, online now. Members of MortgagePoint’s Editorial Advisory Board share their insights into the trends and challenges shaping the industry landscape this month. Michael Keaton is the SVP, Default Subservicing, for Ocwen Financial (now known as Onity Group). Keaton joined Onity’s Business Development Team in late 2022 to help grow the special servicing business.
Attorneys representing Ginnie Mae and the U.S. Department of Housing and Urban Development (HUD) submitted a motion to change the court venue where a case with Texas Capital Bank (TCB) is taking place, arguing that a contract clause has been violated by TCB’s choice to file the case in Amarillo, Texas, as opposed to Dallas. This is according to court filings reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).
Using artificial intelligence, the latest technology represents an opportunity for the real estate industry to rebrand itself at a time when solutions are sorely needed, writes Inman founder Brad Inman.
According to Freddie Mac’s 2023 Green MBS Impact Report , the company issued $1.85 billion of Single-Family Green Mortgage-Backed Securities (MBS) for the 2023 calendar year. The report highlights the estimated impact of the Single-Family Green MBS program and provides an overview of Freddie Mac’s Sustainability Strategy and Single-Family Green Bond Framework.
WaterfallCalc , a provider of expert guidance and loss mitigation technology for mortgage servicers, has released the FHA Payment Supplement Agreement documentation and automated claim process ahead of the January 2025 deadline imposed by the U.S. Department of Housing and Urban Development. The PSA program is a new loss mitigation requirement designed to help struggling FHA borrowers by combining a partial FHA claim to bring loans current with a monthly principal reduction to decrease monthly p
CoStar Group founder and CEO Andy Florance shares the next chapter of Homes.com's $1 billion marketing push and the fallacy of "pure buyer agency" as portals recalibrate their strategies amid a coming commission crunch.
Appraisal management software provider Connexions has introduced tailored payment processing and accounting solutions to streamline invoicing and financial operations. This includes managing appraiser W9s and 1099s, facilitating seamless transactions, and a new Quote feature for soliciting multiple quotes from appraisers to find the quickest and most economical options, the company says in a release.
New American Funding , a national mortgage lender, has launched NAF Black Impact, formerly known as NAF Dream, a program that empowers and supports the Black community in its pursuit of homeownership. NAF Dream launched in 2016, focusing on loan officer recruitment, education, and efforts to expand Black homeownership. Acknowledging the ongoing success of the program, NAF is renaming the program NAF Black Impact to signify the company’s commitment to taking direct, action-oriented steps to addre
The only thing certain is change, especially for real estate professionals. Dr. Jeff Richmond shares what it takes to keep stillness and shift your mindset from fear to opportunity.
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