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The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. This comes even as the business practice changes outlined in the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement have been implemented across the country. Real conducted its survey between Aug. 30 and Sept. 15, recording the responses of roughly 300 agents across North America.
The Federal Housing Finance Agency (FHFA) has announced the release of a new data visualization dashboard , an interactive tool for tracking data on multifamily mortgages that enables users to review details about loans and properties at both the state and national levels. Powered by the Public Use Database (PUDB) of mortgage acquisitions by Fannie Mae and Freddie Mac (the GSEs), the dashboard is a more accessible way to view and understand data on multifamily mortgages.
A majority of U.S. veterans are not aware of the fact they can qualify for grants from the U.S. Department of Veterans Affairs (VA) to allow them to age in place, according to survey data from senior advocacy group AARP. Sixty percent of veterans who are 45 and older “are unaware that VA provides grant funding for home modifications , and almost a quarter of veterans say they need financial assistance to modify their homes to continue living there,” according to an article published by the VA.
For some American families, a house in a tiny bucolic burgh might prove a less expensive option than putting down roots in a large city. But this widespread concept of idyllic and inexpensive “town and country” life is, in general, a myth, say experts, who published a new study to back that up. Researchers for LendingTree found home values in the country’s priciest micro politan areas (“towns” for the purposes of their report) rival those in the nation’s largest metros.
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.
An explosive period for Denver’s multiple listing service (MLS) has come to an end, but an even more controversial one might be beginning. REcolorado announced on Friday that its sale to the Joseph Burks-owned entity MAZL has been finalized, three months after the two Realtor associations that previously owned the MLS fired the board of directors over an alleged breach of a confidentiality agreement.
In the DEI Table Talks that took place at the 2024 Five Star Conference & Expo, leaders in the industry were given a chance to engage in meaningful dialogues with experts committed to promoting diversity, equity, and inclusion (DEI) in their companies and the mortgage sector. DEI organizational structures are designed to encourage the equitable treatment and full participation of all persons, particularly those who have traditionally been underrepresented or susceptible to discrimination bas
In the DEI Table Talks that took place at the 2024 Five Star Conference & Expo, leaders in the industry were given a chance to engage in meaningful dialogues with experts committed to promoting diversity, equity, and inclusion (DEI) in their companies and the mortgage sector. DEI organizational structures are designed to encourage the equitable treatment and full participation of all persons, particularly those who have traditionally been underrepresented or susceptible to discrimination bas
The National Reverse Mortgage Lenders Association (NRMLA) concluded the 2024 edition of its Annual Meeting and Expo on Thursday afternoon. Those in attendance told HousingWire ’s Reverse Mortgage Daily (RMD) that the event provided ample opportunity for networking and educational content while boosting hopes that the industry can grow in the coming years.
In a recent episode of “The Loan Officer Podcast,” host Dustin Owen and guest John Coleman explore key tips that all aspiring real estate agents should know when navigating mortgage financing for a potential client. Owen emphasizes the importance of understanding these principles whether an agent is new or experienced, allowing them to focus on helping the buyer.
The second quarter saw a 6.2% decrease in asking rents for newly built units to $1,746—the lowest amount in over two years. This is supported by a recent analysis from Redfin. Only this year’s first quarter had a greater reduction in rents—by 7.5%—than the second consecutive quarter in which newly constructed apartment rentals showed an annual decline, and the second-deepest decline in the previous five years.
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.
The latest release data as of August 2024 indicates a significant decline in agent mobility, with the seasonally adjusted AMI metric hitting a new record low. This trend suggests that agents are increasingly less likely to consider switching brokerages as we head into the fall season. Key observations from August 2024: Agent mobility hits record low : The seasonally adjusted AMI metric has reached its lowest point since the index was established excluding the COVID month of April 2020 , indicati
Editor in Chief Sarah Wheeler sat down with Manish Garg, senior vice president of product and technology at EarnUp , an autonomous financial wellness platform, to talk about how his company is using gen AI to deliver a personalized experience for customers at scale. Garg has a deep background in building enterprise software and has spent the last decade working with fintechs in the mortgage lending space.
New owner aims to make Colorado’s largest MLS more subscriber-centric and simplify transactions as associations pledge “to create exciting new opportunities.
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.
Hurricane season has arrived, and residents of Florida and other Southeast states are beginning to deal with the damage wrought after Hurricane Helene made landfall on Thursday. Helene was a Category 4 storm with winds speeds of up to 140 mph when it hit the Big Bend area of Florida’s panhandle, near Tallahassee, on Thursday night. But it quickly weakened and was downgraded to a tropical storm.
This piece originally appeared in the September 2024 edition of MortgagePoint magazine, online now. Founded last year, in the fall of 2023, the Five Star Institute’s Mortgage Servicing Executive Alliance (MSEA) , is an industry membership group focused on elevating the next generation of mortgage leaders to transform the industry in an inspiring and innovative way, as well as serving as a guiding force, cultivating talent, and fostering collaboration among mortgage professionals to build a bri
Title Resources Group (TRG) has closed its acquisition of Doma Holdings , the parent company of Doma Title , according to an announcement on Friday. The sale was first announced in late March 2024. In the all-cash transaction, Doma was valued at nearly $88 million. As a result of the sale, Doma’s underwriting division (DTI) is now a wholly owned subsidiary of TRG. “Combining DTI with TRG’s existing underwriter, we have become the fifth largest independent underwriter in the United S
Brimma Tech , specializing in AI-driven solutions for the mortgage industry, has released the latest version of Vallia AUS Sandbox, a tool designed to streamline the mortgage underwriting process. Vallia AUS Sandbox offers simultaneous risk and eligibility assessment capabilities with both Fannie Mae’s Desktop Underwriter (DU) and Freddie Mac’s Loan Product Advisor (LPA).
A successful brokerage that operates across much of the country is taking its talents to eXp Realty. CanZell Realty has joined eXp, allowing the brokerage to expand in 20 states with a single addition. CanZell is led by Chantel Ray, who cited her personal friendship with eXp CEO Leo Pareja as one reason for making the move. The two struck up a friendship during the 2008 financial crisis.
The national median mortgage payment applied for by borrowers was $2,057 in August —down $83 from July and down $113, or 5.2%, from August 2023, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures home affordability using multiple economic factors including mortgage rates, home prices and income.
The LGBTQ+ Real Estate Alliance has released its fourth annual list of top-performing agents and teams, and it includes a highly productive bunch. The 314 agents and teams on the list produced $5.95 billion in volume across 10,776 transactions in 2023. Collectively, the list would have finished 29th among brokerages for sales volume and 36th for transactions sides on the 2024 RealTrends Verified Top 500 rankings.
Technology firm Sonar has introduced the first-ever mortgage experience platform built by industry insiders. The solution combines the point-of-sale (POS) and loan origination system (LOS) into a single, AI-enhanced, streamlined platform, the firm says in a release. The team behind the award-winning mortgage marketplace Simplist used their firsthand insights from solving the consumer-facing part of the puzzle to uncover and tackle the biggest challenges facing the back-end used by industry pr
The Federal Housing Administration (FHA) announced on Friday that it has updated the Electronic Appraisal Delivery (EAD) module of its Catalyst software platform, following initial agency efforts to require appraisal submissions on the platform before it walked them back. “This past weekend, [FHA] completed the implementation of new functionality in the FHA Catalyst: [EAD] module that eliminates the U.S.
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Joseph Burks bought the nation’s 16th-largest MLS on Friday, buying shares from Denver Metro Association of Realtors and South Metro Denver Realtors Association.
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