Housing Wire

JANUARY 8, 2025

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. According to the latest FHFA data , as of Q3 2024, 17.2% of outstanding mortgages, around 8.7 million borrowers, carry a mortgage with an interest rate over 6%. In the last decade, as more and more homebuyers financed their purchases with mortgage rates in the 4s or lower, an interesting thing happened: We held on to these homes longer and resold them less often.

Mortgage 439

Mortgage Inventory Finance Sellers 439

Appraisal Buzz

JANUARY 8, 2025

[link] You’ve dealt with unique properties and even luxury homes. But have you ever appraised a stately Old-World manor that’s been around since the Restoration? How do you put a value on history? Join Hal Humphreys for a special Irish edition of the Appraisal Buzzcast. He and his guest, Irish auctioneer and valuer John FitzGerald, sit down together in the elegant parlor at Lismacue House in County Tipperary, to talk about the stories old houses tell and how to put a price on the pri

Appraisal 367

Appraisal 367

Housing Wire

JANUARY 8, 2025

As mortgage rates continue to climb past the 7% mark, applications continued to take a step back following the New Year’s Day holiday. Demand decreased by 3.7% from the week prior, the Mortgage Bankers Association (MBA) reported in its weekly mortgage applications survey for the week ending Jan. 3. While mortgage application volume decreased on a seasonally adjusted basis, the MBA’s index jump 47% from the previous week on an unadjusted basis.

Mortgage 449

Mortgage Government Buyers Marketing 449

Real Estate News

JANUARY 8, 2025

Robert Reffkin has been outspoken and growth-focused, landing at No. 1 on the 2025 SP 200. At No. 2? Another disruptor-turned-dominator, eXps Glenn Sanford.

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Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

Construction

Housing Wire

JANUARY 8, 2025

The Real Brokerage is a already a top 10 company in terms of transaction volume and sides and it continued its growth this week in two of the nation’s most populous states. Miami -based Real on Tuesday announced the addition of Harvest Realty , an independent brokerage in Southern California with 550 agents. Led by the husband-and-wife team of John Zhang and Christine Li, Harvest specializes in serving the Chinese community in SoCal.

Brokerage 393

Brokerage Real Estate Realty Clients 393

Housing Wire

JANUARY 8, 2025

Higher-for-longer mortgage rates have claimed their first victim of 2025. Ally Financial announced Wednesday that it would exit the mortgage origination business as part of a broader strategy to pursue higher returns on investments. The company also plans to explore strategic alternatives for its credit card business in the first quarter of 2025. These changes are expected to result in a workforce reduction of less than 5% of Ally’s approximately 11,000 employees.

Business 412

Business Mortgage Loan Officers Investing 412

Appraisal Buzz

JANUARY 8, 2025

The CoreLogic Home Price Index (HPI) and HPI Forecast for November 2024 have been made public by CoreLogic. Gains in home prices in the U.S. have not increased since November of 2022, but 17 states have set new records, and the country as a whole is predicted to achieve a new high this April when the usually hectic homebuying season gets underway. The increase coincided with Freddie Macs announcement that 30-year fixed-rate mortgages increased to about 7% at the start of 2025the highest level si

Mortgage 195

Mortgage Buyers Appraisal Marketing 195

Housing Wire

JANUARY 8, 2025

Mortgage and title clients are undergoing a significant transformation with the shift from Encompass Software Development Kit (SDK) to Encompass Partner Connect (EPC). This change driven by ICE Mortgage Technologys updated standards promises enhanced efficiency, cost savings, and future-proof workflows. However, for many lenders and title agents, the path to compliance can be a bit too much to handle while running a business and dodging compliance risks.

Technology 369

Technology Clients Agents Development 369

Appraisal Buzz

JANUARY 8, 2025

After dropping 21.9% during the final two full weeks of 2024, mortgage application volume continued to sink 3.7% during the week ended January 3, as the average rate for a 30-year, fixed-rate mortgage continued to climb to 6.99%, according to the Mortgage Bankers Associations (MBA) Weekly Applications Survey. Applications for refinances increased 2% compared with the previous week but were down 6% compared with the same week one year ago.

Mortgage 195

Mortgage Government Buyers Appraisal 195

Housing Wire

JANUARY 8, 2025

Forty-five percent of retirement-age survey respondents are concerned that they will outlive their savings while 25% spend nearly one-third of their monthly income on housing costs. This is according to new data released by Clever Real Estate. The survey results show stark declines in overall financial sentiment based on responses from 1,000 retired Americans at least 62 years old, with a median age of 70.

Government 368

Government Real Estate Mortgage Marketing 368

Real Estate News

JANUARY 8, 2025

Over a third of existing homeowners and 43% of those over 60 say they dont plan to ever sell their home, a Redfin survey found.

Inventory 204

Inventory 204

Housing Wire

JANUARY 8, 2025

California -based direct lender AmeriTrust Mortgage announced a new addition to its leadership team. The company welcomed veteran mortgage executive Jett Farrington this week as its new chief operating officer. Farrington joins a C-suite leadership team consisting of CEO Chad Schoep and chief financial officer Tapan Patel. The Arizona State University graduate announced his new role via a LinkedIn post on Monday.

Mortgage 398

Mortgage Retail Business Lending 398

Appraisal Buzz

JANUARY 8, 2025

Mortgage origination technology firm Mortgage Machine Services now offersan artificial intelligence (AI)-powered pricing engine that ingests and updates pricing for a lenders investors and aggregators automatically. With granular controls for administrators, including global and product-level pricing adjustments, real-time lock controls, and mark-to-market tracking against current market conditions, lenders can streamline secondary market processes, the company says.

Loan Officers 195

Loan Officers Mortgage Clients Investors 195

Housing Wire

JANUARY 8, 2025

Bayview Asset Management and three subsidiaries have agreed to pay a $20 million fine and implement a corrective plan following a 2021 data breach that affected 5.8 million customers. The settlement, announced Wednesday by the Conference of State Bank Supervisors , involves 53 state financial regulatory agencies. It includes Bayview and three of its affiliates, Lakeview Loan Servicing , Community Loan Servicing and Pingora Holdings.

Mortgage 397

Mortgage Finance 397

Real Estate News

JANUARY 8, 2025

Amy Lessinger announced her resignation after nearly three decades with RE/MAX, a brand she had vowed to never leave.

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Housing Wire

JANUARY 8, 2025

Real estate investment trust Redwood has expanded its home equity platform, Aspire, to include alternative loan products amid affordability challenges in the housing market, the company announced Tuesday. The move is part of a repositioning that includes branding of its jumbo loan platform, which will continue to operate under the Sequoia umbrella going forward.

Real Estate 414

Real Estate Investing Investors Lending 414

Inman

JANUARY 8, 2025

LA-area agents on Wednesday told Inman that they were checking in on clients and keeping an eye on evacuation orders while lamenting the "catastrophic" toll the wildfires were taking on the community and real estate market.

Real Estate 162

Real Estate Clients Agents Marketing 162

Housing Wire

JANUARY 8, 2025

The lawsuits taking aim at the National Association of Realtors (NAR) three-way membership agreement continue to pile up. W. Preston Moore, a former president of the Pennsylvania Association of Realtors (PAR) and an agent with Howard Hanna Real Estate Services , filed his antitrust suit in late November in U.S. district court in Pittsburgh and is representing himself.

Realtors 397

Realtors Real Estate Legal Contracts 397

Appraisal Buzz

JANUARY 8, 2025

Traci Husslein has been promoted to senior vice president, capital markets at mortgage lender Waterstone Mortgage. With the advancement, Husslein has also joined the Waterstone Mortgage executive team. Husslein has nearly 30 years of experience in the mortgage lending industry, including 17 years at Shelter Mortgage (formerly Guaranty Bank). She joined Waterstone Mortgage in 2014 as vice president, capital markets and was instrumental in the establishment and growth of the capital markets depart

Marketing 195

Marketing Mortgage Retail Training 195

Housing Wire

JANUARY 8, 2025

As wildfires tear through Southern California and firefighters battle winds up to 100 mph, tens of thousands of residents have evacuated. The looming impacts on real estate and insurance are also at the forefront of Californians minds. According to Anthony Marrone, the fire chief for Los Angeles County , the wildfires have torched more than 1,000 structures, killing at least two people and injuring several more.

Insurance 249

Insurance Real Estate Clients Realtors 249

Inman

JANUARY 8, 2025

Home design? Economic indicators? Social media? What are you looking at to make sense of the 2025 real estate market's potential?

Design 144

Design Real Estate Marketing Agents 144

Housing Wire

JANUARY 8, 2025

Less than a year after taking the helm, Amy Lessinger has announced her resignation as the president of RE/MAX. The brokerage franchisor publicized Lessingers resignation through a document filed with the Securities and Exchange Commission (SEC) on Wednesday. Lessinger informed the company of her resignation, which is effective Jan. 17, on Friday. No reason was listed for Lessingers departure.

Brokerage 270

Brokerage Agents Technology Realty 270

Inman

JANUARY 8, 2025

Dangerous and discriminatory misconceptions about the purpose of home loans from the Veterans Administration may be keeping hard-working and well-prepared military veterans from the American dream of homeownership, veteran and team leader Cheryl Arroyo writes.

Mortgage 143

Mortgage Agents Marketing 143

Housing Wire

JANUARY 8, 2025

Miami became one of the hottest destinations in the country after the COVID-19 pandemic began, and homeowners have reaped the benefit in the form of ballooning home equity. But homeowners in the area are also facing a serious unintended consequence of that skyrocketing property taxes. According to a new report from CoreLogic, median property tax payments in Miami-Dade County have risen 56.8% since 2019, and theyve jumped 56.8% in neighboring Broward County.

Property Taxes 221

Property Taxes Home Value Valuation Buyers 221

Inman

JANUARY 8, 2025

If youre considering a fresh new look for your marketing collateral and platforms in 2025, marketing expert Jon Krabbe writes, Mocha Mousse is a perfect choice.

Real Estate 143

Real Estate Marketing Design Agents 143

Housing Wire

JANUARY 8, 2025

The broker of Texas -based Strategic Realty has filed an amended complaint in her antitrust suit tied to the National Association of Realtors (NAR) three-way membership agreement structure. Luz de Amor Eytalis’ amended complaint contains nearly identical allegations to the original complaint, but Eytalis has altered the list of defendants named in the suit.

Realtors 221

Realtors Real Estate Realty Business 221

Inman

JANUARY 8, 2025

The three-person team, led by real estate professional Shane Burgman, brings a wealth of experience to Real. Over the course of his 10-year career, Burgman has sold an average of 50 homes per year, totaling over $200 million in sales.

Real Estate 154

Real Estate Realty Brokerage Technology 154

Housing Wire

JANUARY 8, 2025

2024 is in the rearview mirror, and with many reverse mortgage professionals naming interest rates as the key challenge that defined the year, performance metrics appear to be bearing that out. The reverse mortgage industrys total annual Home Equity Conversion Mortgage (HECM) volume saw a dip, but there was some shuffling among the leading players on the industrys leaderboard for the top 10 Federal Housing Administration (FHA)-approved retail-based HECM endorsements.

Mortgage 221

Mortgage Retail Finance Marketing 221

Inman

JANUARY 8, 2025

Lessinger's departure comes less than a year after she assumed the role of president. It also comes after RE/MAX has struggled with financial results in recent quarters.

Business 164

Business Real Estate Realtors Brokerage 164

Mortgagebroker News

JANUARY 8, 2025

Executives brace for economic and political shifts

Mortgage 75

Mortgage 75

Inman

JANUARY 8, 2025

With mortgage rates back to where they were last summer, purchase applications are coming in at the slowest pace since February 2024, Mortgage Bankers Association lender survey finds.

Mortgage 108

Mortgage Marketing 108

Eyes on Housing

JANUARY 8, 2025

The Market Composite Index, a measure of mortgage loan application volume from the Mortgage Bankers Association’s (MBA) weekly survey, increase marginally by 2.9% month-over-month on a seasonally adjusted (SA) basis. Compared to December 2023, the index is higher by 10.2%. The Market Composite Index includes the Purchase and Refinance Indices, which saw monthly gains of.

Mortgage 88

Mortgage Marketing Finance 88

Inman

JANUARY 8, 2025

Bayview Asset Management and affiliates settle allegations that security was deficient and state regulators were stymied in investigation of 2021 incident affecting 5.8 million customers.

Mortgage 101

Mortgage 101