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As an entrepreneur, Mauricio Umansky has displayed remarkable versatility. At just 26 years old, he launched the clothing brand 90265, which pioneered a number of fashion trends. In 2011, he founded the innovative brokerage The Agency RE, and he recently launched a real estate agent trade group that aims to serve as an alternative to the National Association of Realtors (NAR).
According to statistics from the September 2024 Builder Application Survey (BAS) by the Mortgage Bankers Association (MBA), mortgage applications for the purchase of new homes grew by 10.8% over the previous year. The number of applications fell by 6% from August 2024. There is no adjustment made for normal seasonal variations in this alteration. “Applications for new home purchases declined in September, consistent with seasonal patterns, and continued to run ahead of last year’s pace,” said Jo
Better Home & Finance, the parent company of digital lender Better.com , launched its voice-based artificial intelligence loan assistant on Thursday. According to the company, the assistant provides customers with “timely and accurate answers.” The AI loan assistant, dubbed Betsy, was built through Tinman, the company’s proprietary loan origination platform, where information and facts on loan applications are stored.
For decades, America’s Rust Belt was synonymous with industrial decline, but a resurgence is now underway. While recovery varies across the region, recent data and case studies by CommercialCafe indicate meaningful improvements in population growth, unemployment, poverty reduction, and real estate expansion. Key Findings in Larger Cities In Rust Belt cities with over 200,000 residents, Madison, Wisconsin, and Buffalo, New York, led the way.
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.
LenderLogix , a provider of mortgage point-of-sale and automation software for lenders, said that borrowers generated 49,392 preapproval letters through its QuickQual preapproval program in third-quarter 2024, a 15% decrease from the second quarter. The average number of preapproved borrowers per loan officer decreased slightly to 28.5 in the third quarter, down from 29 in Q2 2024, the company said in its quarterly Homebuyer Intelligence report.
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Mortgage rates continued to rise this week, with the average rate for a 30-year fixed-rate mortgage at 6.44%, up from 6.32% last week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 7.63%. “The 30-year fixed-rate mortgage increased for the third consecutive week, moving closer to 6.5 percent,” says Sam Khater, chief economist for Freddie Mac, in a statement.
Wall Street investors and analysts forecast that mortgage credit-score costs will rise in 2025 as lower interest rates may drive an increase in home loan applications. Fair Isaac Corp. (FICO), the company that retains the rights to the market’s widely adopted consumer credit-risk assessment methodology, is expected to raise the price for mortgage credit scores from $3.50 to at least $5, according to the estimates.
The DANGER Report took a “frank and sometimes searing” look at the risks facing agents, brokers, associations, MLSs and the National Association of Realtors.
The Federal Home Loan Banks (FHLBanks) saw significant growth in support of affordable housing and community development in 2023, according to a report released Thursday by the Federal Housing Finance Agency (FHFA). The report detailed FHLBanks’ activity across several programs that include the Affordable Housing Program (AHP), the Community Investment Program (CIP), the Community Investment Cash Advance Program (CICA) and other “voluntary targeted mission-activity programs,” according to the FH
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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.
Former Open Mortgage executive Brenda Hedeen has been hired by Utah-based Canopy Mortgage as its new chief financial officer. “I was delighted when they reached out as I’ve had my eye on this group for years … they have it all: Techcentric, innovative, cost-effective, amazing culture, truly transparent pricing, engaged leadership and outstanding retail model.
What is one of the largest fines you think a housing provider—like landlords, condo HOAs/boards, and state and local housing authority offices—has had to pay due to turning away emotional support and service animals? $2,500 $35,000 $1 Million If you guessed one million dollars, then kudos to you, yet the real winners when it comes to fair housing laws are those who uphold them.
ATTOM has released its Q3 2024 U.S. Home Sales Report , which shows that homeowners earned a 55.6% profit margin on typical single-family home and condo sales. That figure was down by small amounts both quarterly and annually, dipping by one percentage point from Q2 of 2024 and two points from Q3 of last year. The nationwide investment return ticked downward as home-price spikes that had buoyed the housing market during the spring of this year flattened out, leaving the U.S. median home value vi
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.
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Applications for mortgages for new home purchases increased 6% in September compared with August and were up 10.8% compared with September 2023, according to the Mortgage Bankers Association’s (MBA) Builder Application Survey. “Applications for new home purchases declined in September, consistent with seasonal patterns, and continued to run ahead of last year’s pace,” says Joel Kan, vice president and deputy chief economist for the MBA, in a statement.
The Agency founder Mauricio Umansky doesn’t think that the game of “musical chairs” that is agent recruiting is good for the real estate industry, but this week his company can tally a win. Dallas -based luxury real estate agents Courtney Michalek and Andrea Childress have joined The Agency to bolster the brokerage’s Dallas office, which was launched by Megan and Damon Williamson in January 2023.
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Guild Mortgage announced on Thursday that it has hired Nora Guerra, who worked at Freddie Mac for more than five years, as its senior vice president of community lending solutions. A mortgage industry veteran with over 25 years of experience, Guerra has recently served as senior manager of national affordable lending at Freddie Mac, joining the government-sponsored (GSE) enterprise in 2019.
Alfonso M. Dyson moonlighted as a real estate agent in Annapolis, Maryland, while he was second-in-command of the Secret Service's uniformed division. After he was promoted to chief, his subordinates who had done real estate business with him were also promoted.
With inflation gradually easing and builders anticipating mortgage rates will moderate in coming months, builder sentiment moved higher for a second consecutive month despite challenging affordability conditions. Builder confidence in the market for newly built single-family homes was 43 in October, up two points from a reading of 41 in September, according to the National.
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Single Family home appraisals, house appraisals, 2-4 Units, Condos, Located in the Tinley Park, Mokena and Frankfort Area. We are also experts in Multi Family Apartment Buildings, Mixed Use, Small Commercial properties and Vacant land for all purposes. We offer private listing, Assessment Appeal, Bankruptcy, Divorce, Estate, Trust, partnership dispersion, Probate, and Indemnity Cases.
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