Housing Wire

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). While previously NAR has stated that the offer of compensation could be as little as a penny or a dollar, in a reversal of this stance, NAR is now saying that listing brokers can offer nothing and still comply with the rule, as first repo

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Brokerage Agents Buyers Clients 511

Real Estate News

OCTOBER 6, 2023

The brokerage giants have agreed to significant policy changes as part of their settlement agreements in the Sitzer/Burnett and Moehrl commissions cases.

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Buyers Brokerage 322

Housing Wire

OCTOBER 6, 2023

Like Anywhere Real Estate Friday morning, the terms of RE/MAX’s $55 million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public. Similar to Anywhere’s deal, the RE/MAX agreement stipulates that the firm make significant changes to what it requires of its agents and franchisees. Final court approval of the settlement is expected in early 2024.

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Agents Real Estate Buyers Brokerage 501

Real Estate News

OCTOBER 6, 2023

The latest jobs report found that nearly twice as many jobs were added in September as expected, which could lead to even higher interest rates.

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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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. Meanwhile, in addition to diversifying their portfolios, brokerage firm owners are keeping their cost structure under control to be profitable in a shrinking market.

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Mortgage Real Estate Agent Renovations Finance 493

Housing Wire

OCTOBER 6, 2023

With 30-year fixed mortgage rates climbing to a 23-year high, the Mortgage Bankers Association (MBA) called on the Federal Reserve to bring some certainty to financial markets. “It is time, and very important for the Fed to make clear two statements — the Fed is at the end of its rate hikes; the Fed will not consider selling its mortgage-backed securities (MBS) holdings until and unless the housing finance market has stabilized and mortgage-to-Treasury spreads have normalized,” MBA president and

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Government Mortgage Investors Finance 493

Inman

OCTOBER 6, 2023

In announcing the details of its settlement in the bombshell commission suits, the franchisor said that agents and brokerages would "have the freedom to set and/or negotiate commissions as they see fit.

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Brokerage Agents Real Estate 207

Housing Wire

OCTOBER 6, 2023

Top advocates for the wholesale channel criticized the increased volume of loan buybacks from government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac amid a shrinking mortgage market. In a session about brokers’ influence on national policy during AIME Fuse 2023 in Las Vegas on Friday, trade group representatives and wholesale executives said that loan repurchases can be “catastrophic” for some lenders, which will ultimately affect brokers.

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Government Mortgage Marketing Legal 482

Inman

OCTOBER 6, 2023

Among the proposed changes, Anywhere said its company-owned brokerages, franchisees and affiliated agents will no longer be required to belong to the National Association of Realtors.

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Brokerage Realtors Agents 207

Advertiser: Trellis

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.

Real Estate

Housing Wire

OCTOBER 6, 2023

The honey badger labor market woke up on Friday and chose violence, biting the legs of any job recession bear it could find. The first reaction from the bond market was to shoot up bond yields and mortgage rates went higher. However, as the day progressed, bond yields decreased from the peak. What is going on with the U.S. labor market? The answer is that we are just working back to normal.

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Marketing Mortgage Government 479

Inman

OCTOBER 6, 2023

An attorney for the Sitzer/Burnett homeseller plaintiffs calls the change a "stunning admission of guilt" on the eve of a class-action trial set to start Oct. 16.

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Buyers Realtors 195

Housing Wire

OCTOBER 6, 2023

September job gains came in far higher than expected, a blow for the housing industry already grappling with mortgage rates near 8%. Job gains exceeded the average monthly gain of 267,000 over the prior 12 months. However, they remained lower than the 399,000 average of 2022, Realtor.com Chief Economist Danielle Hale noted. Total nonfarm payroll employment increased by 336,000 jobs in September, more than in August , according to data released by the Bureau of Labor Statistics.

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Housing Market Business Government Marketing 467

Inman

OCTOBER 6, 2023

Sometimes it's our own misconceptions and insecurities that keep us from moving forward professionally and serving a new niche. Luxury agent Karen Stone looks at five questions that might be holding you back from the luxury market.

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Agents Marketing Real Estate 193

Housing Wire

OCTOBER 6, 2023

The terms of Anywhere Real Estate ‘s $83.5 million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. A hearing for preliminary approval of the settlement is expected to occur next month, with final court approval expected in mid-2024. “I am pleased that Anywhere has reached a nationwide settlement with the plaintiffs in the Burnett and Moehrl cases,

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Buyers Brokerage Agents Sellers 459

Inman

OCTOBER 6, 2023

An Airbnb guest has stayed in a Los Angeles dental surgeon's guest house for over a year without paying rent — and the owner has no legal basis to evict her.

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Tenants Legal Investing 190

Housing Wire

OCTOBER 6, 2023

Two ongoing stories that have rattled the U.S. housing market continue to present challenges for the entire housing system: chronic inventory shortages and an alarming number of destructive natural disasters stemming from climate change. A pair of Texas startups hope to put a dent in both of these problems by using 3D printing technology to build homes in Central Texas, according to reporting by the Texas Tribune.

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Inventory Construction Technology Realty 459

Inman

OCTOBER 6, 2023

Realtor.com's Listing Toolkit is an easy, modern solution for listing agents to build CMAs, demonstrate home marketability and help sellers discover who might want to buy their home.

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Modernization Marketing Sellers Agents 187

Housing Wire

OCTOBER 6, 2023

New American Funding ’s partnership with Matic Insurance and OneSource Solution will provide insurance and home setup services for existing and new customers while NAF is processing the loan. NAF Insurance and NAF Concierge will be integrated into NAF’s loan process to remove friction from the mortgage, home buying and moving experience, the California-headquartered lender said.

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Insurance Brokerage Government Real Estate 456

Inman

OCTOBER 6, 2023

NYC Realtor and sometime-stand-up comedian Karen Stone offers insights from her experiences sharing the stage with Jim Gaffigan, George Wallace and Jerry Seinfeld.

Real Estate 187

Real Estate Realtors Agents Marketing 187

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are facing multiple challenges in today’s market. Borrowers expect a more digital, convenient experience, particularly at closings , and if one lender doesn’t provide it, a competitor will. At the same time, lenders are under intense scrutiny by regulators and investors with the slightest misstep or error resulting in fines or buyback demands.

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Lending Technology Investors Business 434

Inman

OCTOBER 6, 2023

DBRS Morningstar's rating of $224M securitization by Unlock and Saluda could boost investor appetite for agreements that let homeowners cash out equity in exchange for a stake in their home.

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Investors Technology Mortgage 185

Housing Wire

OCTOBER 6, 2023

After roughly a month of speculation, Anywhere Real Estate and RE/MAX made the terms of their proposed settlement agreements in the Moehrl and Sitzer/Burnett buyer broker compensation class action suits public on Friday. In addition to the already publicized $83.5 million ( Anywhere ) and $55 million ( RE/MAX ) payouts, both settlements contained nearly identical terms, including provisions to no longer require agents to be members of the National Association of Realtors or follow NAR’s Code of

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Brokerage Agents Realtors Real Estate 433

Inman

OCTOBER 6, 2023

The new tool, Credit Builder, allows credit reporting institution TransUnion to consider rental payments when its algorithms build credit scores.

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Tools Technology Real Estate 183

Housing Wire

OCTOBER 6, 2023

The state of the mortgage industry is rife with concern as elevated rates and low inventory have stunted both refinance and origination activity. As a result, the makeup of the mortgage ecosystem is shifting. Private correspondent aggregators play an essential role in the upkeep of a balanced mortgage ecosystem. While this term may be unfamiliar to many, a private correspondent aggregator is a fancy title for an entity that purchases mortgages and repackages the loans into mortgage-backed securi

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Finance Mortgage Inventory Real Estate 429

Inman

OCTOBER 6, 2023

Employers added 336,000 jobs in September, the biggest jump since January, raising the odds that the Fed will pursue "higher for longer" rate strategy.

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Mortgage Marketing 183

Housing Wire

OCTOBER 6, 2023

The mortgage industry is highly fragmented and complex. Closings in particular involve multiple stakeholders, each of whom has different requirements, processes and technologies that make collaboration between parties a time-consuming and error-prone exercise. Snapdocs solves this complexity by providing digital solutions that simplify the closing process, increase cost-savings, improve borrower experience and enhance data security.

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Technology Development Business Mortgage 420

Inman

OCTOBER 6, 2023

Despite earning the lowest score of the night from the reality TV show's judges after a misstep, Umansky managed to survive another week with the help of audience votes.

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Agents 183

Eyes on Housing

OCTOBER 6, 2023

Job growth remained solid in September as the Fed fights against inflation. In fact, the recent jobs data has been stronger than most economists expected and is a reminder that GDP growth for the third quarter will be very strong and inflation risks persist. Total nonfarm payroll employment increased by 336,000 and the unemployment rate remained at 3.8% in September.

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Construction 181

Inman

OCTOBER 6, 2023

Marketing expert Molly McKinley shares her thoughts on technology, the current state of the industry and why we still have a long way to go. Is Brad Inman's vision of a latte experience still too far out of reach?

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Technology Marketing Brokerage Agents 183

Boston Appraisal

OCTOBER 6, 2023

While there is a myriad of financing options available for those looking to purchase or invest in real estate, today we’ll zero in on two distinct choices: hard money loans and traditional financing. This article aims to break down their key differences, and examine their unique advantages and drawbacks for different property types and borrowers.

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Finance Investors Lending Real Estate 148

Inman

OCTOBER 6, 2023

While AI-driven change can feel risky, it also offers unprecedented opportunity for real estate pros who embrace its potential. Investment expert Curtis Williams offers insights to help you navigate the waters ahead.

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Real Estate Agent Real Estate Agents Marketing 179

BiggerPockets

OCTOBER 6, 2023

According to Deutsche Bank, the likelihood of a U.S. recession is 100%. Should investors be worried?

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Investors Marketing Real Estate 97