Housing Wire
SEPTEMBER 16, 2024
The country’s largest wholesale lender, United Wholesale Mortgage (UWM), has launched a broker training program that will teach individuals to become licensed mortgage originators. Dubbed “BrokerX,” the five-week program will provide existing brokers with a “streamlined solution” for training and licensing new talent without the use of their own training team.
Appraisal Buzz
SEPTEMBER 16, 2024
Across America, baby boomers continue to make their mark, and their decisions on homeownership are significantly affecting the housing market. Born between 1946 and 1964, this generation has shaped the nation’s economy and culture. Now, as they age, their decision to hold onto their homes is impacting housing availability. A new survey from Clever Real Estate shows that 61% of boomers currently own homes, and 54% of those homeowners intend to stay in their homes for life.
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Housing Wire
SEPTEMBER 16, 2024
In 2024, the United States has already battled a year of extremes from tornadoes, hurricanes and flash flooding. Watery catastrophes have become far more and condo flooding is on the rise. September tends to be the most active month of the hurricane season. Of storms recorded in the Atlantic over time, over one-third have formed during September. The immense flooding that occurs during storm season can lead to evacuations and widespread power outages as we continue to feel the increasing severit
Appraisal Buzz
SEPTEMBER 16, 2024
According to Zillow’s most recent market report , reduced mortgage rates and more inventory are providing house buyers with a window of opportunity at an uncommon time of year. For those looking to purchase a home, affordability has significantly increased, and rather than decreasing as is usually the case at this time of year, competition among them may continue into the fall.
Advertiser: Trellis
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.
Housing Wire
SEPTEMBER 16, 2024
Recipients of the federal Social Security benefits program are on track to receive a 2.5% cost-of-living adjustment (COLA) in 2025, a smaller increase than in recent years as the bite of inflation loosens its grip. A forecast released last week by The Senior Citizens League (TSCL) arrived just ahead of an expected cut to benchmark interest rates by the Federal Reserve as economic data shows inflation beginning to come closer to the Fed’s target of 2% annually.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
SEPTEMBER 16, 2024
Real estate and mortgage professionals: Your voice matters! Fill out the 5 minute survey today! Each quarter, HousingWire will tally the results and compile a report to gauge the market and provide you with valuable market trends, opportunities, and challenges. There is much to learn about the challenges real estate and mortgage professionals are facing.
Appraisal Buzz
SEPTEMBER 16, 2024
Imagine completing your appraisals in less time, with twice the accuracy, and opening doors to new lucrative markets—that’s the power of AI in the appraisal industry. But are you truly ready to harness this transformative power, or will you be left behind as the industry evolves? Artificial intelligence is revolutionizing the appraisal industry, dramatically enhancing productivity, accuracy, and revenue streams.
Housing Wire
SEPTEMBER 16, 2024
Keller Williams ‘ legal worries just got a little lighter. On Friday, the real estate franchisee and the plaintiffs’ counsel in the Mcfarlane suit reached a settlement agreement for the lawsuit related to the firm’s recently abandoned changes to its profit-sharing program. In an email, Keller Williams confirmed that this agreement settles all of the breach-of-contract lawsuits filed against it by attorneys at the law firm of Humphrey, Farrington & McClain PC.
Real Estate News
SEPTEMBER 16, 2024
Using the “one-third” formula, the plaintiffs’ lawyers are asking for more than $225 million from the two commissions settlements, plus other expenses.
Speaker: Dylan Secrest
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.
Housing Wire
SEPTEMBER 16, 2024
The James Dwiggins -helmed firm NextHome is the newest real estate brokerage to settle the commission lawsuits. The firm notified the court of its settlement agreement on Tuesday in the consolidated Gibson and Umpa suits suits via a brief filed last week. The filing does not note how much NextHome has agreed to pay or what, if any, business practice changes it will implement.
Real Estate News
SEPTEMBER 16, 2024
The cloud-based brokerage will pay three installments into the settlement fund over the next two years, pushing the fund total past the $1 billion mark.
Housing Wire
SEPTEMBER 16, 2024
Like all of the other settlements so far, plaintiffs’ attorneys in the ongoing real estate agent commission lawsuits have asked a court for one-third of the settlement amounts agreed to by the National Association of Realtors (NAR) and HomeServices of America. In a filing in the Sitzer/Burnett suit on Friday, the class counsel notified the court that it wants one-third of the $679.275 million settlement amount from the two parties, which equals roughly $226.425 million.
Appraisal Buzz
SEPTEMBER 16, 2024
The Federal Housing Finance Agency (FHFA) has released an online risk analysis tool that provides geographic estimates for physical risks from various types of natural disasters as well, as nationwide data on housing and the mortgage market. The Mortgage Loan and Natural Disaster Dashboard is intended to give property owners, community leaders, financial institutions, policymakers, and other stakeholders better insight into which areas of the country are most likely to incur greater damages from
Advertiser: Trellis
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Housing Wire
SEPTEMBER 16, 2024
At the end of August, Guild Mortgage announced a suite of products under the name “ Flex Payment Mortgage ,” which includes Home Equity Conversion Mortgage ( HECM ) reverse mortgage products alongside refinances, proprietary jumbo options and HECM for Purchase (H4P) loans. Jim Cory, managing director of Guild’s reverse division, previously spoke with HousingWire ’s Reverse Mortgage Daily (RMD) about that rebranding initiative and what the division is keeping in mind following Guild’s acquisition
Inman
SEPTEMBER 16, 2024
The Obamas lived in the apartment from 1993 to 2005. The home is now being sold by Grammy-award-winning jazz singer Kurt Elling and his wife, Jennifer Elling.
Appraisal Buzz
SEPTEMBER 16, 2024
PERSON OF THE WEEK: Alternative data sources stand to open up more opportunities for lenders to identify consumers who qualify for a mortgage but may not know it yet. To learn more about how alternative data sources are helping mortgage lenders provide first and second chance opportunities for consumers that might not otherwise be possible, MortgageOrb interviewed Ashley Knight, senior vice president of product management for Experian ’s financial services and data business.
Inman
SEPTEMBER 16, 2024
Real estate teams are here to stay. Follow Up Boss cuts through the confusion and offers clarity through customer-led education.
Appraisal Buzz
SEPTEMBER 16, 2024
Optimal Blue is adding new features to its platform including side-by-side loan scenario comparison functionality, simplified capabilities for configuration and margin management, and a new GenAI solution. The new features are part of the company’s extensive plans for innovation across its complete capital markets technology ecosystem leading up to its Optimal Blue Summit, where innovations will be unveiled live.
Inman
SEPTEMBER 16, 2024
Whether you’re negotiating on behalf of buyers or sellers, face-to-face or on Zoom, these 10 tips will help you be a better negotiator in a time when negotiation has never been more critical, Bernice Ross writes.
Appraisal Buzz
SEPTEMBER 16, 2024
There were a total of 30,227 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in August, down 5.3% compared with July and down 11% compared with August 2023, according to ATTOM. “Foreclosure activity has remained relatively steady in recent months, with both foreclosure starts and completed foreclosures declining in August,” says Rob Barber, CEO at ATTOM, in the report.
Inman
SEPTEMBER 16, 2024
This September, generate a supernova of change, and prepare to thrive well before 2025 arrives using these time management strategies from trainer Rachael Hite.
Appraisal Buzz
SEPTEMBER 16, 2024
Ronald Chillemi has been appointed Chief Legal Officer (CLO) and Corporate Secretary of Figure Technology Solutions, Inc. (“Figure”). He will oversee the legal and compliance departments of the business in this capacity. Chillemi has over 25 years of experience in government relations, compliance, and regulatory affairs from her time as a federal and state prosecutor, at top law firms, and in the fintech industry.
Eyes on Housing
SEPTEMBER 16, 2024
Over the first seven months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 599,308. On a year-over-year (YoY) basis, this is an increase of 13.7% over the July 2023 level of 527,158. Year-to-date ending in July, single-family permits were up in all four regions. The range of permit increases spanned.
Inman
SEPTEMBER 16, 2024
The super-narrow house in Boston's North End has long been associated with lore of two brothers fighting over property rights around the Civil War, but newly scrutinized archival documents shows that the tall tale may be erroneous.
JMV Lending
SEPTEMBER 16, 2024
Fed Week: Corruption or Panic on the Part of the Fed? The Fed will announce a rate cut this week, and many pundits are now predicting a 50-basis point cut […] The post Why Appraising a Home For More Than Purchase Price Is So Difficult – For 12 Months appeared first on JVM Lending.
Inman
SEPTEMBER 16, 2024
In the wake of the Aug. 17 deadline, a rising share of agents told the Inman Intel Index that they were frustrated with industry trade groups and have considered leaving the industry. But will this all blow over?
Appraiserblogs
SEPTEMBER 16, 2024
On September 13, 2024, the Appraisal Institute President, Sandra Adomatis, SRA, announced that Cindy Chance is no longer the CEO of the Appraisal Institute. “We are writing to inform you that as of today, September 13, Cindy Chance is no longer in her role as CEO of the Appraisal Institute.” In an interview published by HousingWire, Cindy Chance disclosed that the Board of Directors had terminated her.
Eyes on Housing
SEPTEMBER 16, 2024
The average length of time to complete construction of a multifamily building after obtaining authorization was 19.9 months in 2023, according to the 2023 Survey of Construction (SOC) from the Census Bureau. The permit-to-completion time inched up 0.1 months in 2023, after an increase of 2.3 months in 2022, as the ongoing skilled labor shortage.
Mortgagebroker News
SEPTEMBER 16, 2024
Feds also expand access to 30-year amortizations
BiggerPockets
SEPTEMBER 16, 2024
Learn how to find the best real estate markets by analyzing local economies, population trends, and infrastructure to make smart, profitable investments.
Mortgagebroker News
SEPTEMBER 16, 2024
Governor hints at more aggressive action on rates
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