Housing Wire
FEBRUARY 13, 2024
In January, the number of properties with a foreclosure filing inched up on both a monthly and a yearly basis, according to a report released Tuesday by Attom Data. In total, 33,270 U.S. properties received a default notice, were scheduled for auction or were undergoing bank repossession last month, up 10% from December and up 5% compared to a year ago.
Real Estate News
FEBRUARY 13, 2024
Commissions lawsuits could accelerate consolidation and evolution — and save agents money, according to a new report on MLSs and Realtor associations.
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Housing Wire
FEBRUARY 13, 2024
Today’s CPI inflation report was the craziest inflation report I have ever seen in my life. The progress in inflation is still intact as we have fallen so much from last year’s growth rate, but the Owners’ Equivalent Rent of Residences (OER) inflation has diverged from all the shelter rent data in the most prominent fashion I have ever seen, which boosted this report higher than it should have been.
Real Estate News
FEBRUARY 13, 2024
While still posting a net loss, the company reported higher-than-expected revenue from its residential and rental businesses as Premier Agent held steady.
Housing Wire
FEBRUARY 13, 2024
Despite high mortgage rates , master planned communities (MPCs) did well in 2023. According to a survey released Tuesday by John Burns Research & Consulting , the top 50 MPCs sold more than 34,600 new homes in 2023, up 24% from the nearly 28,000 sales in 2022. As a point of comparison, in the benchmark year of 2019, 31,000 new homes were purchased in the top 50 master planned communities.
Real Estate News
FEBRUARY 13, 2024
Economists say inflation is not falling fast enough to convince the Federal Reserve to lower interest rates.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
FEBRUARY 13, 2024
Mollie Poe and Declan Hickey were founding members of Compass San Francisco before leaving in 2020. Now, they're bringing four additional team members back to Compass with them.
Housing Wire
FEBRUARY 13, 2024
New York-based mortgage lender Logan Finance Corp. named Sarah Gonzalez as its chief operating officer. Gonzalez will be in charge of planning and executing the lender’s objectives and initiatives, according to her LinkedIn profile. She brings more than 25 years of experience in the mortgage industry to her new position. Gonzalez’s most recent position was at Panorama Mortgage Group , where she served as president and COO since January 2022.
Inman
FEBRUARY 13, 2024
The company earned $9.9 billion in total revenue for the year, nearly half of which was company profit. That is more than double the total revenue the company earned in 2019, before the pandemic upended travel.
Housing Wire
FEBRUARY 13, 2024
Guild Mortgage has struck a deal to acquire retail rival Academy Mortgage Corporation , which could result in an additional 800-plus loan officers across the country, multiple sources told HousingWire. During an all-hands call Tuesday morning, Academy’s leadership informed employees about the M&A deal , which is expected to close in mid-April. Academy CEO Adam Kessler told staffers that he had been seeking for either private capital or an acquirer due to the challenging mortgage landscape.
The Appraiser Coach
FEBRUARY 13, 2024
I’ve talked many times about the principle of the mastermind. Napoleon Hill, who was one of the first people to talk about it, described it this way: when you get more than 2 people in a room with similar backgrounds, similar needs, and similar goals, then you form an additional entity (paraphrasing). This is the mastermind. It is the power of communication and connection with other people.
Housing Wire
FEBRUARY 13, 2024
Now is the time to make the rest of this first quarter and early second quarter count! The more conversations you can have this quarter, the stronger your year will be. Your focus should be to set appointments and get in front of people. Here are the five things you should do to ramp up your production for the year ahead. 1. Get in front of people It’s critical to talk to every lead you can.
Inman
FEBRUARY 13, 2024
Frustrated with a lack of leads or a lack of conversions? Troy Palmquist offers insights and tools to help you give your CRM a check-up.
Housing Wire
FEBRUARY 13, 2024
The U.S. Department of Housing and Urban Development (HUD) announced a series of new relief measures for residents of the state of Hawaii. One measure is targeted specifically for the island of Maui — which endured a devastating wildfire last year that destroyed the town of Lahaina — while the other is designed to expand rental assistance for Native Hawaiians residing on the islands.
Inman
FEBRUARY 13, 2024
ERA's Alex Vidal offers words of wisdom and advice for real estate agents launching their careers in the uncertain 2024 market.
Housing Wire
FEBRUARY 13, 2024
Mortgage tech firm TRAiNED Inc. hired two executives as it looks to take the company to its next phase of development. TRAiNED named Mark Cunningham, a co-founder of Sales Boomerang , as its new CEO. It also hired Arend de Jong , co-founder and former chief financial officer of Sales Boomerang, as CFO, the company announced. Cunningham brings more than 20 years of experience, including stints at the U.S.
Inman
FEBRUARY 13, 2024
As the real estate landscape changes, thanks to recent commission-related lawsuits, pressure is being levied on buyer agents to demonstrate their value to potential clients.
Housing Wire
FEBRUARY 13, 2024
Fintech Sagent has hired Geno Paluso, a retired U.S. Navy captain serving as the vice president of business development for multinational firm BAE Systems , as its new CEO. Effective Monday, Paluso succeeded Dan Sogorka, who will remain with the company as an adviser before transitioning to a new opportunity, the company announced Tuesday. Paluso is transitioning from BAE Systems, a $45 billion multinational aerospace and technology company, to lead Warburg Pincus -backed Sagent, a softwar
Eyes on Housing
FEBRUARY 13, 2024
Consumer prices picked up again in January while core prices remained elevated, especially housing costs. Despite a slowdown in the year-over-year increase, shelter costs continue to put upward pressure on inflation, accounting for over two-thirds of the total increase in all items excluding food and energy. This hotter-than-expected report will almost certainly delay Fed rate cuts until the second half.
Housing Wire
FEBRUARY 13, 2024
Century 21 Regency Realty agent Cheryl Piccinini has lived and traveled all over the world, but there is no place she would rather be than Alabama. “No matter what you want, you can find it here,” the Enterprise, Alabama-based agent said. “You can find the city, the country. We’ve got beaches. It is just an amazing place.” Clearly, Piccinini isn’t the only one who thinks so.
Inman
FEBRUARY 13, 2024
Loans for office buildings specifically dropped 68 percent year over year and 32 percent quarter over quarter.
Housing Wire
FEBRUARY 13, 2024
Intercontinental Exchange (ICE) announced a multiyear licensing agreement with REdistribute for permissioned access to multiple listing services (MLS) information. The deal, in addition to existing agreements with the Realty Alliance and the National Association of Realtors , brings ICE’s MLS data coverage to more than 90% of active listings across the country.
Inman
FEBRUARY 13, 2024
Upwards of 1,000 Academy Mortgage employees will make the transition to Guild, including more than 600 originators, Guild said in announcing the sixth acquisition in three years.
Housing Wire
FEBRUARY 13, 2024
In early 2022, real estate listing giant Zillow began discussing its visions for a “Housing Super App.” After initial confusion and skepticism over the app, Zillow’s vision has slowly become clearer. On Tuesday, roughly two years since Zillow first announced it, the firm’s CEO and co-founder Rich Barton said the Super App is here. “It’s called Zillow,” Barton told investors and analysts listening to Zillow’s Q4 2023 earnings call Tuesday evening.
Inman
FEBRUARY 13, 2024
Zillow President Susan Daimler talked with Inman founder Brad Inman about the new "super app" the company has been talking about building.
Housing Wire
FEBRUARY 13, 2024
Bringing awareness to potential opportunities in the reverse mortgage space can be a challenge, but Kristen Sieffert, president of Finance of America Companies (FOA), says it’s a task she’s more than willing to take on. After being promoted to the role of president following the FOA acquisition of former industry-leading lender American Advisors Group (AAG), Sieffert sat down with HousingWire President Diego Sanchez for a “ Ten Minute Talk ” to go deeper into her new role.
Inman
FEBRUARY 13, 2024
When you're watching your pennies, those repeating subscriptions and memberships can add up. Which ones are worth paying for?
Housing Wire
FEBRUARY 13, 2024
The state of California has extended the eligibility rules for its mortgage relief program, funded by the Homeowner Assistance Fund (HAF) allocation in the American Rescue Plan Act of 2021. The relief — which is available to reverse mortgage borrowers — is designed to assist anyone who has fallen behind on their mortgage payments due to the economic shock of the COVID-19 pandemic.
Inman
FEBRUARY 13, 2024
When you get clear on your mission and your brand's culture, The Agency's Rainy Hake Austin writes, you can create positive and sustainable initiatives as you forge community partnerships.
Housing Wire
FEBRUARY 13, 2024
Gregory Meola, managing director, head of business development & strategy, Acra Lending Rather than formulaic QM lending, non-QM lending can be more complex. Setting up systems to handle these complexities takes significant time and effort, but once completed, provide a tailored loan program for a borrower. Gregory Meola, managing director and head of business development & strategy for Acra Lending explains the process and how technology can be a boon to streamlining the process.
Inman
FEBRUARY 13, 2024
Former Capital One executive Rudy Wolfs is Anywhere's new chief technology officer. As CTO, Wolfs will lead the franchisor's tech and product strategy, which includes recruiting more tech talent and streamlining the company's suite of products for brokers and agents.
Housing Wire
FEBRUARY 13, 2024
Boston-based fintech company Hometap has deployed more than $1 billion in home equity investment (HEI) products since its launch in 2017, the company announced on Tuesday. Of the $1 billion total, $730 billion has been deployed since 2022, and the company has issued more than 10,000 HEIs in total as of January. “This milestone is a testament to the momentum our platform has achieved over the last six years due to the increased awareness of and demand for home equity products, including home equ
Inman
FEBRUARY 13, 2024
Despite a slower market, Zillow saw revenue from its residential, rental and mortgage business rise in the fourth quarter of 2023, according to an earnings call Tuesday.
Housing Wire
FEBRUARY 13, 2024
FirstFunding appointed Matt Coles to the position of national sales manager, the company announced on Tuesday. In his new role, Coles will lead the company’s sales strategy and operations. “Matt’s deep experience and passion for helping customers grow aligns well with our efforts to help mortgage lenders support consumers as they pursue their dreams of homeownership,” Nate Clear, president of FirstFunding, said in a statement.
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