Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? We already see many signals for what to expect, including last week’s data on inventory , new listings and price reductions, which I analyze below. For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Last week, there were 9% more newly pending home sales than the same week a year ago and home sales are ticking down for the season.

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Housing Market New Listings Marketing Inventory 443

Appraisal Buzz

NOVEMBER 18, 2024

This piece originally appeared in the November 2024 edition of MortgagePoint magazine, online now. The integration of artificial intelligence (AI) technology into the lending space has opened doors for countless possibilities. Loan options can be personalized, outcomes can be predicted, and all processes can be expedited at incredible rates. As AI continues to expand, it becomes increasingly important to focus on the quality of the customer experience.

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Technology Loan Officers Lending Tools 419

Housing Wire

NOVEMBER 18, 2024

The Federal Housing Finance Agency (FHFA) on Monday announced that it will raise the 2025 multifamily loan caps for purchases by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to $73 billion each. This represents a total of $146 billion in multifamily market support for next year, an increase of more than 4% from 2024 levels.

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Government Finance Business Marketing 443

Appraisal Buzz

NOVEMBER 18, 2024

Nearly three-quarters of Americans (74%) with annual incomes under $50,000 occasionally, frequently, or significantly struggle to make their regular rent or mortgage payments according to a new report from Redfin. Almost a quarter (24%) of those individuals say they have skipped meals in order to pay their monthly housing expenses. Among those in that wage range, dining out less frequently (43%), having no or few vacations (36%), and borrowing money from friends or family (25%), it is one of the

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Housing Wire

NOVEMBER 18, 2024

In preparation for widespread credit scoring changes , leading credit-score and data analytics company VantageScore has launched a Mortgage Resource Center to support lenders transitioning to the VantageScore 4.0 credit model. The new resource provides tools and guidance to facilitate integration and aligns with the growing adoption of VantageScore 4.0 by a number of industry players.

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Mortgage Tools Government Finance 363

Appraisal Buzz

NOVEMBER 18, 2024

E-closing technology is a game-changer for mortgage lenders in optimizing their secondary market strategies, a research report from Snapdocs shows. The report, conducted in partnership with Falcon Capital Advisors, shows that e-closing technology enables lenders to achieve a pricing gain of up to 10 basis points by accelerating loan delivery to the secondary and capital markets.

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Technology Mortgage Investors Investing 349

Real Estate News

NOVEMBER 18, 2024

Leaders spent thousands on Hamilton tickets and other luxuries with corporate credit cards, as former execs stayed on the payroll, The New York Times reported.

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Housing Wire

NOVEMBER 18, 2024

People often disregard reverse mortgages as being too complex. However, I argue they are simply unfamiliar. When explained properly, borrowers can easily understand the concept of a reverse mortgage. However, the loan terms and language are unfamiliar to most existing homeowners. Therefore, when lenders and loan originators decide to offer reverse mortgage products, the first step is to learn the terminology that makes those loan products different.

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Appraisal Buzz

NOVEMBER 18, 2024

The Federal Housing Finance Agency (FHFA) has announced greater rental housing support from Fannie Mae and Freddie Mac (the GSEs) by raising the multifamily loan purchase cap for each GSE to $73 billion, representing $146 billion in total 2025 multifamily market support and a more than 4% increase from 2024. The FHFA establishes the caps every year, and they are later included in Appendix A of the GSEs’ Conservatorship Scorecard , a set of annual priorities that they are expected to meet.

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Housing Wire

NOVEMBER 18, 2024

Farmers across America maintain retirement accounts at a higher clip than other types of workers, but they’re also saving less than the general population. (Image generated by AI in Midjourney) Farmers are more likely than the average American to maintain a retirement account of some kind, but their collective retirement balance is lower than the national average, according to data from the U.S.

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Bracketing 327

Appraisal Buzz

NOVEMBER 18, 2024

As a founder / CEO, I’ve seen my fair share of market cycles. Today, I want to dive deep into the current rental market environment, share some personal insights, and most importantly, discuss how we can address these challenges head-on. A Cautionary Tale from 2013 Let me start with a personal story. In 2013, I acquired an apartment complex in Austell, Georgia.

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Development Finance Real Estate Housing Market 221

Housing Wire

NOVEMBER 18, 2024

The National Association of Realtors (NAR) has spent much of the past few years having its dirty laundry aired across public domain and in courtrooms. Now a new report is taking aim at compensation for NAR executives. On Monday, The New York Times published an expose about the lavish perks enjoyed by NAR’s executives. Chief among them is the salary of former CEO Bob Goldberg, who earned $1.2 million per year that later ballooned to $2.6 million.

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Law Real Estate Agent Realtors Real Estate 327

Appraisal Buzz

NOVEMBER 18, 2024

Sam Valverde, acting president of Ginnie Mae , will step down effective November 30. Valverde has served as acting president of Ginnie Mae since May. He previously held the roles of principal executive vice president and chief operating officer since joining the organization in March 2022. His appointment marked a historic milestone, as he became Ginnie Mae’s first Latino executive and later, its first Latino leader.

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Housing Wire

NOVEMBER 18, 2024

In this HousingWire executive conversation, Michael Chew, Division President at Consolidated Analytics , discusses the viability of task outsourcing as a method for saving time and money for loan originators —especially in preparation for market surges and shifts. Chew stresses the importance of offloading repetitive tasks to experienced teams , removing the need for rushed hiring and subsequent delays.

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Marketing Clients Training Technology 234

Appraisal Buzz

NOVEMBER 18, 2024

The share of mortgages in forbearance increased to 0.47% as of October 31, up from 0.34% at the end of September, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey. About 235,000 homeowners are currently in forbearance plans, the MBA estimates. As of the end of October, the share of Fannie Mae and Freddie Mac loans in forbearance increased 7 basis points to 0.20%.

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Housing Wire

NOVEMBER 18, 2024

Add American Neighborhood Mortgage Acceptance Company LLC , doing business as AnnieMac, to the list of mortgage lenders that have recently suffered a data breach from a cyberattack. The company notified state authorities that it became aware of “suspicious activity” of certain systems within its network in August. After an investigation, it concluded that cybercriminals infiltrated its systems, potentially accessing and acquiring files containing sensitive personal information of 171,074 custom

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Loan Officers Mortgage Business Retail 224

Appraisal Buzz

NOVEMBER 18, 2024

Jay Crowell has been promoted to the newly created position of president of national retail division at Cornerstone Home Lending. Crowell joined Cornerstone Home Lending in 2009 and most recently served as president of the Pacific Northwest region. He was the company’s top originator between 2019 and 2022, and his team was ranked among the company’s top 10 origination teams each year since he joined.

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Housing Wire

NOVEMBER 18, 2024

With U.S. inflation climbing to 2.6% in October—fueled by rising housing and insurance costs—and mortgage rates having edged back above 7%, homeownership remains a distant goal for many living in the U.S. For real estate agents, this economic reality can present both challenges and opportunities, and determine strategies in markets across the country.

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Real Estate Agents Real Estate Agent Marketing 201

Appraisal Buzz

NOVEMBER 18, 2024

The post Turkey ESCAPE appeared first on Appraisal Buzz.

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Appraisal 317

Real Estate News

NOVEMBER 18, 2024

The construction industry expects the new administration to loosen regulations, which could boost sales, though other challenges remain.

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Appraisal Buzz

NOVEMBER 18, 2024

Despite market volatility, mortgage lock volume increased 2.5% in October compared with September, according to Mortgage Capital Trading (MCT), which offers mortgage capital markets technology. October proved to be a dynamic month for the mortgage market, the firm says in its monthly report. An increase in mortgage rates, spurred by election volatility, led to a reversal of the refinancing uptick observed in September.

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Mortgage Technology Marketing Appraisal 195

Real Estate News

NOVEMBER 18, 2024

In a changing industry, brokerages and agents cannot simply maintain old practices. Those who want to thrive must embrace new ways to evolve and improve.

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Brokerage Agents 167

Inman

NOVEMBER 18, 2024

It’s time for real estate professionals to get serious about their 2025 business outlook, assessing which measures to build upon and which ones to leave behind.

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Real Estate Business 167

Eyes on Housing

NOVEMBER 18, 2024

Lending standards were essentially unchanged for all residential mortgage categories in the third quarter of 2024, except for Subprime loans, according to the Federal Reserve Board’s October 2024 Senior Loan Officer Opinion Survey (SLOOS). Demand for most residential mortgage loans remained weaker across all categories in the quarter. Lending conditions for commercial real estate (CRE) loans were.

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Lending Loan Officers Mortgage Real Estate 150

Inman

NOVEMBER 18, 2024

Volunteer National Association of Realtors' leaders received perks and payment that lawyers say could run afoul of US tax laws, according to an investigation by the Times published on Monday.

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Law Realtors Brokerage Agents 153

GoForrmz

NOVEMBER 18, 2024

It’s time to simplify your construction workflows Efficiency and clear communication between the field and office are essential for successful construction companies. Construction teams face unique challenges, from staying updated on job site progress to adhering to construction safety protocols, all of which demand seamless workflows and reliable data sharing.

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Construction Business Inspection Project Management 78

Inman

NOVEMBER 18, 2024

National mortgage lender offering affected customers free credit monitoring and identity theft protection after hackers accessed Social Security numbers in August data breach.

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Mortgage Technology 144

BiggerPockets

NOVEMBER 18, 2024

The newest Zillow Rental Market Report is out, and it’s showing ‘‘a softening of the rental market beyond regular seasonality.

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Marketing 79

Inman

NOVEMBER 18, 2024

With more homes likely hitting the market this fall, the epic housing shortage may finally be lifting. Here’s how to connect with consumers who may be dipping their toes into home buying after being sidelined in the too-hot housing market.

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Clients Housing Market Marketing 139

BiggerPockets

NOVEMBER 18, 2024

Americans are becoming increasingly worried about housing costs, according to the Pew Research Center, with 69% of survey respondents reporting that they are “very concerned.

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Investors 63

Inman

NOVEMBER 18, 2024

In the latest filing in its quest for damages, Utah-based discount brokerage Homie asserted NAR, KW, RE/MAX and others created and enforced rules that amounted to an illegal conspiracy.

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Brokerage Realtors Real Estate Agents 137

Mortgagebroker News

NOVEMBER 18, 2024

Lower interest rates fuel increase in transactions as buyers return to the housing market

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Housing Market Buyers Marketing 70

Inman

NOVEMBER 18, 2024

Nearly three-quarters of U.S. residents earning less than $50,000 annually are struggling to keep up with monthly rent or mortgage payments, causing many to make dramatic sacrifices to stay afloat.

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Mortgage Marketing 131

Mortgagebroker News

NOVEMBER 18, 2024

A pickup in single-family and multi-unit construction helped propel solid home construction last month, according to CMHC

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Construction 60