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Jerome Powell , the chair of the Federal Reserve , said on Thursday that the U.S. economy is “not sending any signals that we need to be in a hurry to lower rates.” The statement was enough to raise mortgage rates to an even higher level, a sharp departure from the optimism lenders experienced during the September rally, which now seems like a distant memory.
According to a recent poll conducted by TD Bank , America’s Most Convenient Bank, two-thirds (66%) of homeowners still consider their homes to be a source of wealth for future generations, indicating that homeowners continue to perceive their houses as strong financial assets in the present market climate. More than 1,800 homeowners who bought a home during the last ten years with a mortgage loan and are currently homeowners participated in TD Bank’s HELOC Trend Watch nationwide poll.
Homebuyers who are part of Generation X — primarily born between the mid 1960s and the early 1980s — should keep accessibility features in mind as they approach retirement, since Americans are increasingly looking to age in place in their own homes once their time in the workforce is complete. This is according to a recent article at the Boston Globe that took a closer look at the kinds of homes that those currently in their mid-to-late 50s may want to prioritize as they look to the future.
Mortgage credit availability increased in October, rising to a score of 99.2 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). The report, which analyzes data from ICE Mortgage Technology, was benchmarked to 100 in March 2012. A decline in the index score indicates that lending standards are tightening, while increases in the score are indicative of loosening credit.
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.
While shoppers flock to malls and online retailers for Black Friday deals, M/I Homes is shifting the focus to residential real estate with holiday incentives that rival traditional doorbusters. That’s right, there are Black Friday home sales! The Ohio-based builder is offering discounts of up to $20,000 on select homes in Greater Houston , along with no-cost 2/1 rate buydowns , and slashing prices by as much as $93,850 in other markets like Chicago.
Broker and real estate influencer Anthony Lamacchia told agents at NAR NXT that it’s “ridiculous” what the DOJ has been “doing to our industry” in recent years.
Broker and real estate influencer Anthony Lamacchia told agents at NAR NXT that it’s “ridiculous” what the DOJ has been “doing to our industry” in recent years.
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. You’re probably aware that each state has its own real estate license requirements, unique laws and regulations around real estate licensure. So, should you want or need to move to another state, does this doom you to a life of re-taking exams?
Over the first nine months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 763,990. On a year-over-year (YoY) basis, this is an increase of 10.1% over the September 2023 level of 693,908. Year-to-date ending in September, single-family permits were up in all four regions. The range of permit increases spanned.
The leadership changes at Zillow are continuing. On Thursday the firm announced that Zillow Group President Susan Daimler is stepping down. Daimler joined Zillow through its acquisition of Buyfolio in 2012. Since joining Zillow Group she has served as senior vice president and general manager of StreetEasy , and senior vice president over the Premier Agent program.
The 52-story hotel at 57 East 57th Street had been shuttered during the pandemic, with the property temporarily repurposed to house first responders, only to later have its staff furloughed. However, the reason for its extended closure remains undisclosed, though reports suggest ongoing disputes between Warner and the Four Seasons Hotels and Resorts Management company, which manages the properties.
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.
Chrissi Callaghan Rhea, co-founder of Mortgage Investors Group and member of the Mortgage Bankers Association (MBA) board of directors, died on Nov. 8, at the age of 73. “Chrissi was a pioneer in the industry, co-founding MIG in the late 1980s and leading the company until just a few months ago,” MBA president and CEO Bob Broeksmit said in a statement.
Should the goal of marketing technology be to make it so that a loan officer never needs to log in? Or, should LOs be encouraged to engage with marketing tools as much as possible in order to help them build their own brand and connections? I started in the mortgage industry in 2015, working for large banks that were heavily invested in using technology to simplify the loan process for everyone involved.
Informative Research has announced a new integration with ICE Mortgage Technology that allows loan officers seamlessly pull credit and verify income, assets and employment (VOA & VOE/I) directly from their mobile devices. The new integration was carried out with the help of Mortgage Automation Technologies (MAT), the company behind The BIG Point of Sale, according to a press release.
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.
Linda Davidson has been promoted to the president of national branch optimization – operations, for Fairway Independent Mortgage Corp. With a remarkable 28-year career in the mortgage industry, including six successful years at Fairway, Davidson brings a wealth of experience to her new position. She has consistently excelled in various roles, including top loan originator, top branch manager, and top area leader.
Vandad Fartaj has joined retail mortgage lender CrossCountry Mortgage (CCM) as chief investment officer. In addition, William Chang has joined the lender as chief capital markets officer while Tom Rettinger has joined as chief portfolio risk officer. Each has an extensive background in mortgage finance. In their new roles, the three will lead CCM’s capital markets and investment-related activities, which include the development and execution of investment strategies, secondary market activities,
Realtor.com selected Rental Beast to power an online rental application, lease processing and applicant experience initiative, making a strong statement about the impact of renters on the current market.
There’s a new word to describe the U.S. real estate market: stuck. Real estate transactions haven’t picked up as expected, even after conscious cuts to interest rates.
New mortgage rules and supply trends will play a role – but the direction of rates and the Bank of Canada will be the main influence over the coming year, according to leading broker
As "Yellowstone" sunsets this year, Inman took a look at some of the factors that have contributed to the "luxurification" of Western resort towns and asked agents about finding market balance for the haves and have-nots.
Architecture is blending with technology to evolve in the modern day. Modern architecture is all about balancing functionality, comfort, and aesthetics. Advancements in technology have helped develop building materials that enhance our homes. Modern architecture has also promoted sustainability and durability while also contributing to elegant designs.
Anthony Lamacchia Quoted in Mortgage Professional America Magazine Anthony was recently featured in Mortgage Professional America’s article titled, ‘Realty CEO on the “problems” in Massachusetts mortgage market.’ He addressed how high mortgage rates are creating significant challenges for buyers and homeowners looking to sell.
Doug Collins Qualifies for the 2024 Lamacchia Realty President's Club ELITE Doug Collins has officially achieved the prestigious 2024 Lamacchia Realty President’s Club ELITE status! This milestone comes less than 3 months after he qualified for Lamacchia Realtys Presidents Club. As a newer member of Lamacchia, joining through Berkshire Dream Homes merger in July 2024 , this marks Dougs first time earning this esteemed recognition.
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