Fri.Apr 04, 2025

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NMSA and MSEA Back MBA on VASP

Appraisal Buzz

The U.S. Department of Veterans Affairs (VA) has announced that it will shut down a foreclosure prevention program designed to help veterans who have fallen behind on their mortgages to keep their homes. The Veterans Affairs Servicing Purchase (VASP) program, launched on May 31, 2024 , was designed to assist more than 40,000 veterans experiencing severe financial hardship in avoiding foreclosure and remaining in their homes.

Design 269
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The lean, mean (illegal?) 1099 LO machine

Housing Wire

An illustration of a mortgage executive losing a top-producing LO who wishes to become a 1099 LO. Illustration made with ChatGPT A source called with what sounded like big news. One of the bigger players in the wholesale space was soon going to require that all broker LOs be paid as W2s. Doing so would close what he described as the 1099 loophole. It turned out not to be true (nothing has changed re the tax status of broker LOs , the particular lender said), and I had to hang up because my thre

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Major U.S. Metros Experience Uptick in Buyer Competition 

Appraisal Buzz

New Redfin data revealed that in February, the percentage of properties sold for more than their initial list price increased in about eight of the 50 most populated U.S. metro regions, half of which are in the Bay Area or New York. The famed city of San Francisco saw the largest increase among the top 50 metro areas, with an estimated 57.2% of sold properties selling for more than their original list price, up 7.5 percentage points from the previous year.

Buyers 284
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Keller Williams adds New Jersey real estate team

Housing Wire

The Nunez Group , a real estate team with more than $123 million in sales last year, has officially joined Keller Williams City Views , the company’s Fort Lee, New Jersey -based market center. Founded by Oscar Nunez, The Nunez Group has been recognized for its focus on strategic investment opportunities, particularly in serving developers and real estate investors.

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Leverage Trellis Court Data To Identify More Investment Opportunities

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.

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Build-to-Rent Market Improves as SFR Completions Hit Historic Highs 

Appraisal Buzz

According to a recent report from Point2 Homes , the BTR industry hit a new all-time high in 2024. In contrast to the 6,000 and 7,000 units annually that were coming up in the years prior to the pandemic, the 39,000 rental homes that were finished last year represent a 15.5% rise over the previous year, according to Yardi Matrix statistics as of March.

Marketing 221

More Trending

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Nearly 20 Million Americans Live in Overcrowded Homes

Appraisal Buzz

A new study by LendingTree examined overcrowding in U.S. homes, which impacts approximately 19.1 million Americans or 5.9% of the nations population. Some of the key findings of LendingTrees study were: 1 million Americans, or 5.9% of people in homes, live in overcrowded homes: The states with the highest rate of people in homes with more than two per bedroom are California (12.9%), Hawaii (11.5%), and New York (9.7%).

Finance 221
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Mortgage software firm RETR hires two executive leaders

Housing Wire

Reston, Virginia -based mortgage software company RETR announced this week that it has hired two new senior leaders to guide the company’s growth efforts. Heidi Iverson is the company’s new vice president of growth and Anthony Savala is the new vice president of sales. Both are joining the firm effective April 7, RETR co-founder and CEO Steven Wynands said.

Mortgage 362
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Carrington Mortgage Services’ Correspondent Channel Focusing on Non-QM

Appraisal Buzz

Carrington Mortgage Services (CMS) reports that, moving forward, its correspondent channel is concentrating exclusively on underwriting and purchasing non-qualified mortgage (non-QM) loans. In recent years, one of the most successful loan products offered by CMS has been the non-QM, or non-agency, loan, says Samuel Bjelac, senior vice president, third party originations for CMS, in a release.

Mortgage 195
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Longbridge has a new addition to its proprietary reverse mortgage suite

Housing Wire

Following other recent proprietary product development news, Longbridge Financial announced on Friday the launch of a new variation for its private fixed-rate reverse mortgage offering. The Platinum Peak product suite aims to offer higher available loan-to-value (LTV) ratios, which are designed to translate into higher loan proceeds for borrowers, according to the announcement.

Mortgage 292
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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

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.

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Mortgage Collaborative Adds Seven New Lenders to its Network

Appraisal Buzz

The Mortgage Collaborative , an independent cooperative network serving the mortgage industry, recently added the following lender members to its growing community: Zillow Home Loans Old National Bank Griffin Funding CIS Home Loans NEO Home Loans, powered by Better | Better Mortgage Corporation AFC Mortgage Group Pilgrim Mortgage These organizations join TMCs network of industry leaders committed to collaboration, innovation, and operational excellence.

Mortgage 195
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Retiree moving activity was down nearly 25% in 2024

Housing Wire

Older Americans are apparently choosing to stay put in greater numbers despite the fewer restrictions on their time granted by retirement. Between 2023 and 2024, moving activity among retirees dropped by nearly one-quarter (23.8%), according to data from the U.S. Census Bureau that was compiled by moving services company HireAHelper. Based on the data, 258,000 Americans moved in relation to retirement last year, with familiar mortgage market headwinds described as a likely cause of the stagnatio

Mortgage 236
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First American CEO accused of choking barefoot cruise passenger

Inman

Kenneth DeGiorgio now faces a criminal assault charge following an incident aboard the Virgin Voyages Resilient Lady cruise ship, according to an FBI criminal complaint.

Legal 155
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How Compass staged its pre-marketing blitz in Seattle

Real Estate News

Brokerage leadership coordinated a private listings push in the region despite MLS rules restricting pre-marketing and the risk of steep fines for agents.

Marketing 276
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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Trending: Mixed signals, faster Reels and evolving replies

Inman

From reposts and Reel replies to shifting platform priorities, Jessi Healey breaks down how social media is evolvingand what it means for visibility, strategy and control.

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Clever Offers Platform Hits $500 Million Milestone

Appraisal Buzz

Clever Real Estate reports that its new Clever Offers platform a free service that allows home sellers on tight timelines to explore their selling options recently hit a milestone achievement of $500 million in home sale transactions. The platform has attracted more than 20,000 sellers looking to compare cash offers, the firm says in a release. A recent Clever survey found that 61% of home sellers perceive cash buyer companies as scams.

Sellers 195
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31 years of brutally honest truths boiled down to under 1,200 words

Inman

Success is inevitable, Jimmy Burgess writes, when you're coming from a place of service and value-added client care.

Clients 155
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Will job growth and lower rates be enough to motivate buyers?

Real Estate News

Todays jobs data was stronger than expected, and mortgage rates hit a 5-month low. That could boost home sales if economic anxiety doesnt scare buyers away.

Buyers 146
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Rocket bucks tariff stock market selloff on prospects for growth

Inman

Lower mortgage rates could help lenders do more business, and investment analysts like Rocket's plans to acquire real estate brokerage Redfin and loan servicing giant Mr. Cooper.

Brokerage 151
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Major Insurance Trends Landlords Need to Watch For This Year

BiggerPockets

As the real estate market heats up in the spring, many first-time investors and seasoned landlords want to acquire new properties.

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The website is just the start: SEO strategies for real estate

Inman

Marketing expert Jon Krabbe offers guidelines for ensuring that your website isnt just beautiful but also easy for potential clients to find.

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How DOGE’s Targeting of CFPB and HUD Really Impacts Real Estate

BiggerPockets

It seems like almost everyone has a strong opinion on the Elon Musk-led Department of Government Efficiency (DOGE) that fits in with the partisan divisions that have become so prominent […]

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Here’s how to find (and land) the big clients: Now streaming

Inman

Tune in to Inman Access to learn more about positioning yourself in your community and social network to bring in big business.

Clients 147
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How the federal government could unclog Canada's housing pipeline

Mortgagebroker News

Prefab innovators and builders call for streamlined approvals and long-term financing

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The proptech startup media guide: Strategically leverage paid media

Inman

Marci James' Proptech Marketing Guide series concludes with strategies for building a more resilient marketing engine that can weather market fluctuations and competitive pressures.

Marketing 124
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Greater Toronto home sales decline in March

Mortgagebroker News

Sales fall while affordability improves—what's next?

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Lone Wolf Relationships is smart, not ‘metamorphic’: Tech Review

Inman

Relationships is an easy onboard, swiftly presenting the user with daily opportunities to build business that pulls focus from the need to simply build a giant list of third-degree contacts who have one foot in the market and the other in pending bankruptcy

Business 113
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What mortgage brokers need to know about reverse mortgages

Mortgagebroker News

HomeEquity SVP on how mortgage professionals can familiarize themselves with an increasingly popular product

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How to Start Investing in Real Estate with $25,000 or Less (Rookie Reply)

BiggerPockets

Do you have around $25,000 saved? Good newsyou can invest in real estate! There are several ways to get started, but which investing strategy reigns supreme?

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Transitions, eliminated positions, acquisitions: Inman’s Top 5

Inman

Looking for a quick catch-up on the buzziest stories of the week? Heres Inman Top 5, the most essential stories, according to Inman readers.

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Housing Market Flips from Seller’s to Buyer’s Market in Much of the Country

BiggerPockets

The housing market is finally giving buyers a break.

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Mortgage rates down sharply as tariff worries spark flight to safety

Inman

Heightened fears of a trade war and recession have investors convinced that the Fed will start cutting rates again in June a sentiment that gives mortgage rates more room to come down.

Mortgage 158