Housing Wire

JUNE 17, 2024

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.

Development 499

Development Government Real Estate Investing 499

Appraisal Buzz

JUNE 17, 2024

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.

Marketing 431

Marketing Inventory Contracts New Listings 431

Housing Wire

JUNE 17, 2024

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

Housing Market 497

Housing Market Property Taxes Inventory Buyers 497

Appraisal Buzz

JUNE 17, 2024

Women In Housing Leadership Awards /*! elementor – v3.21.0 – 26-05-2024 */.elementor-widget-text-editor.elementor-drop-cap-view-stacked.elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed.elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default).elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-v

Business 418

Business Mortgage Appraisal 418

Housing Wire

JUNE 17, 2024

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.

Lending 482

Lending Retail Appraisal Process Mortgage 482

Appraisal Buzz

JUNE 17, 2024

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

Insurance 395

Insurance Tools Mortgage Appraisal 395

Appraisal Buzz

JUNE 17, 2024

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.

Appraisal 370

Appraisal Real Estate Agent Valuation Real Estate 370

Housing Wire

JUNE 17, 2024

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.

Real Estate 468

Real Estate Buyers Advertising Agents 468

Real Estate News

JUNE 17, 2024

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.

Marketing 306

Marketing 306

Housing Wire

JUNE 17, 2024

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

Mortgage 459

Mortgage Property Taxes Insurance Business 459

Real Estate News

JUNE 17, 2024

June 18 is the deadline for those not covered by the NAR settlement to opt in and pay damages, or risk further litigation in the commissions cases.

Brokerage 305

Brokerage 305

Housing Wire

JUNE 17, 2024

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

Design 459

Design Finance Development Government 459

Real Estate News

JUNE 17, 2024

The agency wants to reopen its antitrust investigation into the association, and on June 17 said NAR’s attempt to block that move is not justified.

290

290

Housing Wire

JUNE 17, 2024

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.

Law 453

Law Real Estate Marketing Legal 453

Real Estate News

JUNE 17, 2024

Opendoor unveils industry-first partnership with My State MLS; Real Brokerage launches curated tools; SWMLS partners with RealReports; CRMLS adds Lundy.

Brokerage 277

Brokerage Tools 277

Housing Wire

JUNE 17, 2024

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

Human Resources 452

Human Resources Law Loan Officers Legal 452

Real Estate News

JUNE 17, 2024

The low-fee brokerage continues to pursue antitrust claims against Zillow as it looks for a chance to start again.

Brokerage 263

Brokerage 263

Housing Wire

JUNE 17, 2024

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.

Advertising 448

Advertising Real Estate Tools Contracts 448

Appraisal Buzz

JUNE 17, 2024

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.

Real Estate Agent 221

Real Estate Agent Real Estate Sellers Agents 221

Housing Wire

JUNE 17, 2024

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.

Lending 447

Lending Mortgage Tools Development 447

Appraisal Buzz

JUNE 17, 2024

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.

Modernization 221

Modernization Technology Agents Design 221

Housing Wire

JUNE 17, 2024

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).

Government 447

Government Mortgage Law Contracts 447

Inman

JUNE 17, 2024

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.

Real Estate 198

Real Estate Tools Technology Brokerage 198

Appraisal Buzz

JUNE 17, 2024

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.

Mortgage 195

Mortgage Construction Design Finance 195

Inman

JUNE 17, 2024

The awards recognize over 150 individuals and their companies for their innovation and impact in the mortgage and financial services spaces.

Finance 196

Finance Mortgage 196

Appraisal Buzz

JUNE 17, 2024

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

Mortgage 195

Mortgage Legal Technology Design 195

Inman

JUNE 17, 2024

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.

Buyers 195

Buyers Marketing Technology Agents 195

Appraisal Buzz

JUNE 17, 2024

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.

Appraisal 195

Appraisal Appraisal Process Valuation Mortgage 195

Inman

JUNE 17, 2024

A "Chicago Tribune" investigation included accounts from former employees who described accounts of sexual harassment, misogyny and bullying.

Lending 188

Lending Brokerage Agents Mortgage 188

Appraisal Buzz

JUNE 17, 2024

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

Loan Officers 195

Loan Officers Mortgage Appraisal 195

Inman

JUNE 17, 2024

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.

Real Estate 185

Real Estate Technology Brokerage Agents 185

Appraisal Buzz

JUNE 17, 2024

Viviana Abarca has been promoted to managing director of mortgage lending operations at loanDepot. Abarca will report directly to loanDepot president and CEO Frank Martell and will join the company’s executive committee. She will be based in loanDepot’s Phoenix-area operations hub. Abarca is a seasoned mortgage professional who, over the past 11 years, has held a series of leadership positions with increasing responsibility at loanDepot.

Lending 195

Lending Mortgage Tools Development 195

Inman

JUNE 17, 2024

If scripts feel inauthentic and too "salesy" for your communication style, coach Darryl Davis offers a shortcut to connection and understanding that you can put into practice today.

Sellers 179

Sellers Agents Marketing 179

Appraisal Buzz

JUNE 17, 2024

To reflect its place under the umbrella of its parent company, Adfitech, a provider of quality control and risk management services for the mortgage industry, has rebranded as Mortgage Connect Risk Solutions. Adfitech was acquired by Mortgage Connect – a national mortgage services provider for the nation’s largest financial institutions, investors, and servicers – in 2022.

Mortgage 195

Mortgage Investors Technology Appraisal 195