Housing Wire
NOVEMBER 15, 2024
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.
Appraisal Buzz
NOVEMBER 15, 2024
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.
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Housing Wire
NOVEMBER 15, 2024
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.
Real Estate News
NOVEMBER 15, 2024
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.
Housing Wire
NOVEMBER 15, 2024
The housing bubble crash theory has failed once again as we approach the end of 2024, but it’s always important to know why something didn’t happen. This week, we got the updated New York Fed credit data report and it shows the strong position of homeowners — especially in comparison to the years before the Great Financial Crisis. This is the kind of information you need as we get close to Thanksgiving and share the dinner table with Uncle Dave who says (for the 13th year) that we’re seein
Real Estate News
NOVEMBER 15, 2024
Fathom Holdings names its first chief revenue officer, promotes Realty COO to president; Inside Real Estate adds C-suite leaders.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
NOVEMBER 15, 2024
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.
Housing Wire
NOVEMBER 15, 2024
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.
Appraisal Buzz
NOVEMBER 15, 2024
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.
Housing Wire
NOVEMBER 15, 2024
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?
Appraisal Buzz
NOVEMBER 15, 2024
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,
Housing Wire
NOVEMBER 15, 2024
Rocket Companies ’ third-quarter earnings call offered a glimpse into a key element of its 2025 strategy for Rocket Mortgage — driving profits through ridiculously high recapture rates and an expanding servicing portfolio. When mortgage rates dropped into the low 6% range in early September, most lenders struggled to truly capitalize on the two-week window.
Appraisal Buzz
NOVEMBER 15, 2024
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.
Housing Wire
NOVEMBER 15, 2024
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.
Inman
NOVEMBER 15, 2024
It’s not about avoiding challenges, Ojo's Chris Heller writes. It’s about embracing them as opportunities to grow, improve and lead.
Housing Wire
NOVEMBER 15, 2024
The reverse mortgage portion of the Federal Housing Administration ’s (FHA)’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio for the fourth year in a row on the overall government-backed portfolio. This is according to the FHA’s Annual Report to Congress , released Friday morning. In 2023, the HECM capital reserve declined slightly due to weaker levels of home price appreciation.
Inman
NOVEMBER 15, 2024
While a systems reset might seem like a big undertaking, coach Darryl Davis writes, it’s also one of the most empowering moves you can make.
Housing Wire
NOVEMBER 15, 2024
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.
Inman
NOVEMBER 15, 2024
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.
Housing Wire
NOVEMBER 15, 2024
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.
Inman
NOVEMBER 15, 2024
As NAR's members and leaders met up, the industry's biggest question marks took center stage amid a mix of opinions and perspectives.
Eyes on Housing
NOVEMBER 15, 2024
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.
Inman
NOVEMBER 15, 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.
BiggerPockets
NOVEMBER 15, 2024
If you’re diving into the world of real estate investing or flipping, you know it’s not just about buying low and selling high.
Inman
NOVEMBER 15, 2024
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.
BiggerPockets
NOVEMBER 15, 2024
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.
Inman
NOVEMBER 15, 2024
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.
Mortgagebroker News
NOVEMBER 15, 2024
The 2025-26 plan focuses on licensing, stakeholder engagement, and operations
BiggerPockets
NOVEMBER 15, 2024
What makes a “good” real estate deal in 2025 and beyond? How much of a return should your investment property be producing?
Mortgagebroker News
NOVEMBER 15, 2024
She admitted to handling mortgage applications without registration
Lamacchia Realty
NOVEMBER 15, 2024
Brenda Durant Qualifies for the 2024 Lamacchia Realty President's Club Brenda Durant has officially qualified for the 2024 Lamacchia Realty President’s Club! This is her first time qualifying, as she is newer to Lamacchia since Berkshire Dream Home joined forces with Lamacchia in July 2024 ! She has surpassed 33 transactions this year so far to hit this qualification!
Mortgagebroker News
NOVEMBER 15, 2024
Housing market slowdowns and debt delinquencies push arrears to a breaking point in major cities
Lamacchia Realty
NOVEMBER 15, 2024
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.
BiggerPockets
NOVEMBER 15, 2024
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