Housing Wire

JULY 8, 2024

Since launching in late June, Ryan Serhant’s latest reality TV venture “ Owning Manhattan ” on Netflix , has become quite the phenomenon. Despite debuting on June 28, the show cracked Netflix’s top-10 most streamed shows in the U.S. for the week ending on June 30. The show stars Serhant, who is no stranger to reality TV, having spent a decade starring in Million Dollar Listing New York , among other shows, and several of SERHANT.’s agents and team leaders.

Agents 523

Agents Business Real Estate Investing 523

Appraisal Buzz

JULY 8, 2024

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Mortgage 409

Mortgage Construction Marketing Finance 409

Housing Wire

JULY 8, 2024

Top-five mortgage lender Newrez , owned by asset manager Rithm Capital , has imposed another round of layoffs affecting 265 employees in Colorado and Arizona, per documents sent to state authorities. That’s the third round this year, following the acquisition of Computershare Mortgage Services and its affiliate Specialized Loan Servicing (SLS ) for $720 million in October 2023, which brought some redundancies to its structures.

Loan Officers 411

Loan Officers Retail Finance Mortgage 411

Appraisal Buzz

JULY 8, 2024

According to a brief report from Redfin News, pending home sales posted their biggest decline since February in June of this year—good news for prospective buyers as there are more new listings to choose from, and monthly housing payments are down around $100 from their peak in April due to declining, but still relatively high, mortgage rates. While Redfin did not post an in-depth analysis of this news this news cycle, they did still report the latest housing market data via charts and graphs.

New Listings 397

New Listings Housing Market Buyers Mortgage 397

Housing Wire

JULY 8, 2024

These brokerage firms and leaders are changing the game in real estate. Every year, RealTrends chooses GameChangers based on five-year, transaction side percentage data from the RealTrends Verified 500. This year, we chose seven independent brokerage firms and 10 franchises who grew their businesses at astronomical rates. United Real Estate topped the charts with 727% growth.

Brokerage 404

Brokerage Real Estate Agents Contracts 404

Appraisal Buzz

JULY 8, 2024

Consumer sentiment toward the housing market improved slightly in June but remained historically low as higher mortgage rates and soaring home prices continued to stagnate home sales. Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased 3.2 points to a score of 72.6 , rebounding from a dip that came in May. As per the monthly survey, 19% of consumers say it’s a good time to buy a home, up from 14% in May, which represented a new survey low.

Housing Market 388

Housing Market Marketing Finance Mortgage 388

Appraisal Buzz

JULY 8, 2024

Over the years, many things in the appraisal profession have come and gone. Things that were once all the rage – have since fallen into the ranks of the old and obsolete. I remember as a young appraiser when Polaroid film was the standard, then 35MM, and now digital cameras, or even a phone or tablet. Fax machines with shiny paper that would curl up with red streaks marking the end of the roll was replaced by email, instant messaging and online portals.

Modernization 367

Modernization Inspection Appraisal Technology 367

Housing Wire

JULY 8, 2024

We continue to see a consistent pattern in net operating percentages as they relate to increasing revenue levels. As revenue increases, there is a general downward trend in net operating percentages, further confirming that higher revenue levels may be associated with increased operating costs or other factors that decrease the proportion of revenue retained as profitability.

Real Estate 404

Real Estate Business Agents Investing 404

Appraisal Buzz

JULY 8, 2024

The U.S. Department of Veterans Affairs (VA) has awarded $26.8 million in legal services grants to a total of 108 public and non-profit organizations, all with the goal of increasing access to legal services for eligible U.S. veterans experiencing or at risk for homelessness. Click here to view the list of grant award recipients. The VA home loan program, which recently celebrated its 80th anniversary , has provided more than 28 million loans to veterans to date.

Legal 221

Legal Landlords Tenants Buyers 221

Housing Wire

JULY 8, 2024

In the ever-evolving landscape of mortgage banking, executives face the critical challenge of leading their teams through turbulent times. The current market, characterized by the “higher for longer” scenario, presents unique obstacles: originators grapple with lower production, low housing inventory, and high rates, while operations professionals endure layoffs and relentless pressure to achieve more with less.

Mortgage 404

Mortgage Inventory Design Tools 404

Real Estate News

JULY 8, 2024

Bucking industry trends, consumer sentiment is at the highest level in more than two years, according to Fannie Mae’s latest survey.

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292

Housing Wire

JULY 8, 2024

At the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in May, Acting Ginnie Mae President Sam Valverde said that the government-owned company planned to release a term sheet for a newly proposed Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program sometime in the next month. After the industry’s secondary market was rocked by the collapse of Reverse Mortgage Funding (RMF) in 2022, Ginnie Mae went to work in an effort to bring more stability to t

Development 400

Development Government Mortgage Marketing 400

Appraisal Buzz

JULY 8, 2024

Eric Rawlings has joined Candor Technology , a provider of AI-driven loan underwriting and quality control solutions for mortgage lenders, as chief technology officer. Rawlings has a wealth of experience and a proven track record of driving technological excellence across diverse industries. He is an IT leader with over two decades of experience, particularly in disaster recovery, governance, risk management, and compliance (GRC), among other technical skills.

Technology 195

Technology Government Clients Development 195

Housing Wire

JULY 8, 2024

An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work. This is according to original reporting by Crain’s Chicago Business and subsequent coverage from The Real Deal (TRD).

Mortgage 399

Mortgage Design Architecture Market Value 399

Appraisal Buzz

JULY 8, 2024

Aidium , which offers a business intelligence and mortgage CRM platform, has launched its 24/7 customer support service, ensuring mortgage professionals have access to real-time assistance whenever needed. With mortgage professionals often working beyond standard business hours, continuous support becomes crucial. Aidium’s new 24/7 support service ensures lenders can resolve issues and receive assistance without delays, helping maintain productivity.

Business 195

Business Mortgage Clients Appraisal 195

Housing Wire

JULY 8, 2024

The Community Home Lenders of America (CHLA) on Monday submitted a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra , urging the agency to more forcefully go after trigger lead solicitations. To cement the point, CHLA is calling such solicitations “junk calls,” echoing the language of the campaign the Bureau has waged against “junk fees.

Loan Officers 376

Loan Officers Legal Mortgage 376

Appraisal Buzz

JULY 8, 2024

Major homeownership expenses – including mortgage payments, property taxes and insurance – now consume about 35% of the average wage nationwide, according to ATTOM’s U.S. Home Affordability Report. “The latest affordability data presents a clear challenge for home buyers,” says Rob Barber, CEO for ATTOM, in the report. “While home prices are increasing and mortgage rates remain relatively high, these factors are making homes less affordable.

Property Taxes 195

Property Taxes Buyers Insurance Lending 195

Housing Wire

JULY 8, 2024

Real estate technology provider Lone Wolf announced the official launch of its new platform Lone Wolf Foundation on Monday. The firm first announced the creation of the platform at T3 Sixty’s Tech Summit in 2023. According to the company, the platform brings Lone Wolf’s website building capabilities, as well as CRMs , comparative market analyses, open house planning, transaction management, back office work and accounting all into one place.

Real Estate 238

Real Estate Technology Open Houses Modernization 238

Real Estate News

JULY 8, 2024

A status update in the 5-year-old Moehrl case says any objections to the deals must be filed next month, while HomeServices continues to hash out its agreement.

Brokerage 213

Brokerage 213

Inman

JULY 8, 2024

Change can be a scary word. For many of us, it conjures the image of something sudden and unexpected, a situation we weren’t prepared to face, an environment we aren’t comfortable with.

Real Estate 173

Real Estate 173

Real Estate News

JULY 8, 2024

Andy Florance told Real Estate News that a former Realtor.com employee is a ‘pawn’ in a broader dispute, and the bigger picture involves global expansion.

Real Estate 211

Real Estate 211

Inman

JULY 8, 2024

While traditional models struggle to adapt to changing agent and consumer expectations, Epique Realty is setting new standards with its all-inclusive approach, outpacing both discount and flat fee brokerages in virtually every metric.

Realty 168

Realty Brokerage Agents 168

Eyes on Housing

JULY 8, 2024

Reaching the highest level of multifamily completions since 1987, 450,000 multifamily units were completed in 2023, with 216,000 units completed in buildings with fewer than 50 units according to NAHB Analysis of the Census Bureau’s Characteristics of Units in New Multifamily Buildings Completed. This was the highest number of units in such buildings since 2006.

Construction 148

Construction 148

Inman

JULY 8, 2024

Regulators and prosecutors are cracking down on landlords who've been falsifying income and expense data on crucial loan documents, according to a new feature published by "The Wall Street Journal.

Landlords 152

Landlords Finance Real Estate Mortgage 152

Housing Wire

JULY 8, 2024

As a broker and real estate coach, I’m always surprised when new agents tell me they don’t want to use real estate scripts. A script is just a predetermined question or response that helps guide a conversation closer to your desired outcome. Knowing what you’ll say in advance on a call, at an open house, or just chatting with your sphere makes you more confident — and confidence is the key that opens the door to opportunity in real estate.

Real Estate 404

Real Estate Business Agents Sellers 404

Inman

JULY 8, 2024

These times have been hard on nearly every real estate business. But different parts of the country report unique challenges and business approaches, as illustrated by Intel’s monthly gauge of industry sentiment.

Real Estate 152

Real Estate Business New Listings Sellers 152

BiggerPockets

JULY 8, 2024

A revision to Florida's Live Local Act reduces incentives for developers and increases building restrictions.

Development 82

Development Law 82

Inman

JULY 8, 2024

Find out what NYC associate broker Bill Kowalczuk has learned during his years in the business and what he'd be doing if he weren't in real estate.

Real Estate 159

Real Estate Business Agents 159

BiggerPockets

JULY 8, 2024

New data from New York City shows that short-term rental bans haven't moved the needle on housing at all.

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82

Inman

JULY 8, 2024

Wealth manager Michael Conticelli writes that agents must understand ownership rights to ensure they are using correct documentation and contracts for legal compliance.

Business 149

Business Legal Contracts Agents 149

BiggerPockets

JULY 8, 2024

Off-market deals can be a huge source of great deals, if you can find them.

Real Estate 81

Real Estate Marketing 81

Inman

JULY 8, 2024

At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us.

Real Estate Agent 144

Real Estate Agent Real Estate Agents Business 144

Mortgagebroker News

JULY 8, 2024

Regulator delays new risk calculation rules amid lending concerns

Lending 84

Lending 84

Inman

JULY 8, 2024

The owners of the 16th largest MLS in the country plan to sell to a title company executive. But an agent and local leader has received a cease and desist letter over her criticisms of the deal.

Legal 137

Legal Buyers Agents Realtors 137