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Freddie Mac recorded a net income of $3.2 billion for Q4 2024 and $11.9 billion for the full year 2024, it reported this morning. The full-year net income figure marked an increase of 13% from 2023. Comprehensive income increased 11% from 2023 to $11.9 billion. In its earnings call, Freddie Mac’s Executive Vice President and Chief Financial Officer James Whitlinger noted that the GSE delivered its strongest earnings since 2021 , with its net worth reaching nearly $60 billion. “We als
In a recently published report by Veterans United Home Loans , approximately one-in-three (32%) of prospective homebuyers are using artificial intelligence (AI) tools as part of their homebuying journey. The nationwide survey of nearly 900 prospective buyers found that searching for and virtually touring homes are the two most common uses of AI. The survey also revealed that 40% of prospective buyers interact with AI once a day or more.
The overall defect rate for mortgages declined across all loan types between the second and third quarters of 2024. But errors related specifically to insurance increased significantly, growing to 3.03% of all defects, according to a report released Thursday by ACES Quality Management. ACES releases a quarterly report that uses post-closing quality control data that’s derived from the company’s benchmarking system.
According to a new report from Redfin , homebuyers have the most options since 2020, but few are biting because rising housing costs have made monthly payments tough to swallow. Redfin found that pending home sales in January fell to the lowest level on record aside from the start of the pandemic. Pending home sales dropped 4.2% month-over-monththe largest decline on a seasonally adjusted basis reported since August 2023and 6.3% year-over-year.
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.
Loan locks for refinances rose more than 20% year over year while purchase lock counts saw a 6% decrease, according to Optimal Blue ‘s January 2025 Market Advantage mortgage data report released Thursday. Purchase lock volume climbed 16% from December, but year-over-year counts which control for home-price appreciation were down 6%. That marked the lowest January figure in six years.
Living alone is definitely not as valuable as love. According to a recent Zillow Rentals report, the singles taxthe additional cost single tenants pay for a one-bedroom as opposed to splitting rent with roommates or partnershas skyrocketed to a record-high $7,562. Its comparable to more than 1,300 lattes or more than 12 years of subscriptions to some premium dating apps, even though others might refer to it as the cost of quiet.
Living alone is definitely not as valuable as love. According to a recent Zillow Rentals report, the singles taxthe additional cost single tenants pay for a one-bedroom as opposed to splitting rent with roommates or partnershas skyrocketed to a record-high $7,562. Its comparable to more than 1,300 lattes or more than 12 years of subscriptions to some premium dating apps, even though others might refer to it as the cost of quiet.
Health care information and caregiving marketplace website Care.com published an article that examines several practical ways that someone could choose to finance their long-term care (LTC) goals. Reverse mortgages were included in the assessment alongside options like Medicaid, Medicare, health savings accounts (HSAs), veterans benefits, LTC insurance and home equity loans.
Purchase lock volume increased 16% in January compared with December but was down 6% compared with January 2024, according to Optimal Blues latest Market Advantage report. The year-over-year decline in purchase lock counts was the lowest since Optimal Blue began tracking this data in 2019. Meanwhile, refinance activity surged year-over-year, rising 20% for both rate-and-term and cash-out refinances.
The C-suite shakeups at Douglas Elliman are still going. Last week, an internal memo informed Douglas Elliman agents and employees that Stephen Kotler was stepping down as the CEO of the brokerages western region, as first reported by The Real Deal. Kotler will remain at the firm, joining his son Max Kotler and broker Michael Kotler on The Kotler Team in New York City.
Demand is weak, rates remain elevated and sellers appear weary but buyers may return to the market this spring to take advantage of deals on the margins.
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.
In a Wednesday afternoon LinkedIn post by chief technology officer Jason Bressler , United Wholesale Mortgage (UWM) announced that it’s partnering with Sphere LOS to provide its first direct integration with the broker community. Bressler’s post offered reasons for the partnership. He noted that Sphere has an “all in one” workflow of the most-used products in a mortgage broker’s process, including a loan origination system ( LOS ), customer relationship management (
Brooks Glenn will advance the Seattle-based firm's efforts to build "an inclusive culture that inspires people to stay and thrive." Plus, a promotion at BHGRE.
From a slower housing market to the industrywide business practice changes , there is no doubt that 2024 was a challenging year for real estate brokerages, but Anywhere Real Estate believes these challenges have helped to set it up for success in 2025. The brokerage giant recorded revenue of $5.7 billion in 2024, up $56 million year over year. Despite this increase, Anywhere still recorded a net loss of $128 million, which is $31 million larger than its loss in 2023.
Choose a successor, and start planning today to ensure your real estate company continues to thrive for years to come, Better Homes and Gardens' President Ginger Wilcox writes.
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.
San Francisco-based private lender Kiavi announced on Thursday that it has secured $300 million in capital after another securitization of its residential transition loans (RTLs). As the 21st transaction made under the company’s LHOME Mortgage Trust, Kiavi’s total volume of notes offered sits at $5.8 billion since 2019. Kiavi reported that the offered notes were “oversubscribed by five times its capacity” as institutional investors showed interest.
Confidence in the market for new multifamily housing reflected mixed results year-over-year in the fourth quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. While the Multifamily Production Index (MPI) increased seven points to 48 year-over-year, it is.
Nationwide housing inventory showed a glimmer of recovery toward the end of 2024. But these new listings aren’t attracting buyers, and pending home sales dropped 4.2% month over month in January. That finding comes from two Redfin reports released on Thursday. Each tell similar stories, albeit from different perspectives. According to the first report , the monthly decline in pending sales was the largest on a seasonally adjusted basis since August 2023.
California’s Assembly Bill 2747, set to take effect on April 1, 2025, is on track to transform how renters ‘ credit histories are built. The bill, which Governor Gavin Newsom signed into law last year, requires landlords to offer tenants the option to have their on-time rent payments reported to credit bureaus. This change addresses a critical issue: many renters have been unable to build credit as their rent payments have never been included in their credit reports.
Mortgage rates continued to edge down this week, with the average rate for a 30-year fixed-rate mortgage dropping to 6.87%, down from 6.89% last week, according to Freddie Macs Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 6.77%. The 30-year fixed-rate mortgage continued to inch down this week, reaching its lowest level thus far in 2025, says Sam Khater, chief economist for Freddie Mac, in a statement.
On Tuesday, New York -based Dakis Group and its broker, George T. Spyridakis, filed a class-action lawsuit in U.S. District Court in Seattle against Zillow. The suit alleges thatZillow charges a daily fee to post a listing on its StreetEasy platform, but it then masks or otherwise removes it from public view while still charging brokers the daily fee.
Do you really understand the cost of paper? Have you ever considered the true cost of using paper forms as part of your business workflow? While the most obvious expenses such as the cost of purchasing paper and allocating storage space for your physical documents might already be on your radar, there are hidden costs that may not be as apparent. For instance, consider the time and effort your employees spend managing, organizing, and retrieving these forms.
Net domestic migration: Which states are gainingand losingAmericans While Sun Belt states like Texas and Florida continue to see positive net migration, its far less domestic migration than during the Pandemic Housing Boom. Lance Lambert & Meghan Malas Source: [link] This month, the U.S. Census Bureau published their net domestic migration figures for 2024.
Ryan Schneider reaffirmed Anywheres "relax, not repeal" position on Clear Cooperation and reassured investors the company has the tech and people to compete.
Prices for inputs to new residential constructionexcluding capital investment, labor, and importswere up 1.2% in January according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics. The Producer Price Index measures prices that domestic producers receive for their goods and services, this differs from the Consumer Price.
Chris Rochon Awarded 2024 Employee of the Year Lamacchia Realty is proud to share that the 2024 Employee of the Year is Chris Rochon , our incredible Business Development Consultant! Chris genuine personality, passion for helping REALTORS succeed, and commitment to company growth have made him a standout employee, and so well-deserving of this award!
The complete methodology of ATTOM s fourth-quarter 2024 study, which examines eligible low-income Opportunity Zones that Congress designated for economic reconstruction under the Tax Cuts and Jobs Act of 2017, is available below. In this analysis, ATTOM examined 3,783 U.S. zones that had at least five home sales in the fourth quarter of 2024 and had enough data to analyze.
Lamacchia Realty Announces 2024 Top Producer Circle Lamacchia Realty is proud to announce the members of the 2024 Top Producer Circle! To qualify, Lamacchia Realty REALTORS must sell at least 20 homes or $9 million in sales volume in a calendar year to be recognized as a Top Producer. Recipients of this accolade receive recognition through social media and more, along with a night out to Encore Boston with fellow Top Producer Circle members to celebrate their dedication and success!
AURA is the latest addition to the suite of Clear Capital valuation tools available through Encompass Partner Connect API Reno, NV February 13, 2025 Clear Capital , the national real estate valuation technology company, today announced the integration of AURA , its appraisal underwriting risk analyzer tool, through Encompass Partner Connect, the latest API framework for mortgage technology from Intercontinental Exchange (ICE).
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