Appraisal Buzz

NOVEMBER 13, 2024

According to new research from Clever Real Estate , a St. Louis-based real estate company, homebuyers spend an average of $31,975 in homebuying expenses, such as closing costs, repairs, and moving, in addition to their down payment. The costs are broken down into the following: Repairs and renovations: $13,498 Furniture, fixtures, and appliances: $6,446 Closing costs: $4,754 Concessions to seller: $3,943 Moving costs: $2,670 Private mortgage insurance: $387 annually Home inspection: $277 The rep

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Housing Wire

NOVEMBER 13, 2024

With fluctuating mortgage rates and economic pressure in the housing market, foreclosure activity ramped up in October 2024. According to real estate data provider Attom , homebuyers may face more challenges heading into 2025. Attom released its October 2024 U.S. Foreclosure Market Report on Tuesday. It showed that 30,784 properties had foreclosure filings last month.

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Housing Market Real Estate Government Mortgage 448

Appraisal Buzz

NOVEMBER 13, 2024

The mortgage servicing landscape has long been a crucible of change, where today’s decisions lay the groundwork for the industry’s future. Servicing teams must manage shifting delinquency rates, regulatory demands that may pivot with each new administration, and ever-increasing operational costs while keeping their fingers on the pulse of the modern consumer and advancing technology.

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Mortgage Technology Clients Tools 410

Housing Wire

NOVEMBER 13, 2024

The U.S. finds itself in a “troubling environment” for bolstering Black homeownership as evidenced by two key — and lagging — metrics. This is according to the 2024 State of Housing in Black America (SHIBA) report published this month by the National Association of Real Estate Brokers (NAREB). “The two best-performing demographics for African Americans — Black female-headed households and millennials — both declined in home sales in 2023,” the organization explained in an announcement of the rep

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Real Estate Mortgage Finance Housing Market 418

Appraisal Buzz

NOVEMBER 13, 2024

According to ATTOM ‘s October 2024 U.S. Foreclosure Market Report, 30,784 properties in the U.S. had foreclosure filings, such as default notifications, scheduled auctions, or bank repossessions. This represents an 11% decrease from a year ago but a 4% increase from a month ago. “Foreclosure activity remains challenging for U.S. homeowners, with starts and completed foreclosures up in October,” said Rob Barber, CEO of ATTOM.

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Marketing Appraisal Mortgage 418

Housing Wire

NOVEMBER 13, 2024

Compass is certainly known for luxury property sales , but the nation’s top brokerage based on sales volume is looking to offer even more support to agents working on these types of deals. On Tuesday, the firm launched Compass Resort, a network for agents in vacation-home markets and clients searching for second homes. Compass Resort will be led by agents Jordie Karlinski, Jack Pearson, Jen O’Hanlon and Steve Springer.

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Agents Marketing Luxury Properties Real Estate 370

Housing Wire

NOVEMBER 13, 2024

Better Home & Finance Holding Co., the parent of digital lender Better , reported a net loss of $54.1 million in the third quarter of 2024 during an earnings call on Tuesday. By comparison, the company lost $41.4 million in Q2 2024 and $353.9 million in Q3 2023. Better reported third-quarter revenue of $29 million, down from $32.3 million in the prior quarter but up from $4.9 million in the same period a year ago.

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Retail Mortgage Loan Officers Technology 368

Appraisal Buzz

NOVEMBER 13, 2024

Less than one-third (32.1%) of renter households pay under $1,000 in monthly rent—the lowest share on record, according to a new report from Redfin. That total is down nearly 10% from 2022’s reported share of 35.2%, and nearly 20% since 2012 (50.4%). Most (47.9%) renter households pay between $1,000 and $1,999 per month, while nearly 15% (14.4%) pay $2,000-$2,999, and 5.7% pay $3,000 or more.

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Bracketing Tenants Marketing Appraisal 394

Housing Wire

NOVEMBER 13, 2024

In today’s challenging market, higher interest rates and home values have created a unique opportunity for lenders to grow their home equity lending business. Despite the recent interest rate reduction , the demand for home equity products remains strong. Homeowners want to maintain their historically-low interest rates while waiting for rates sink further in the future.

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Valuation Lending Renovations Appraisal 370

Real Estate News

NOVEMBER 13, 2024

A law professor says the court doesn’t have the authority to force objectors to attend in person, while in Pennsylvania, Howard Hanna’s dismissal is appealed.

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Law 289

Housing Wire

NOVEMBER 13, 2024

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. This interview has been edited for length and clarity. To kick off the conversation, Cornish explores his background before entering the mortgage lending industry.

Mortgage 370

Mortgage Loan Officers Lending Business 370

Real Estate News

NOVEMBER 13, 2024

Agents with Compass Resorts go beyond white-glove treatment and become "more like wealth managers" to support clients in this space, its founders say.

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Business Clients Agents 276

Housing Wire

NOVEMBER 13, 2024

The Home Depot Foundation — the philanthropic arm of the home improvement retail conglomerate — announced that it is investing $10 million for the purpose of enabling older military veterans to age in place in their homes. The goal is to help them avoid homelessness by funding affordable housing construction, home repairs and adaptations as well as giving out financial assistance.

Investing 370

Investing Renovations Retail Technology 370

Real Estate News

NOVEMBER 13, 2024

Want to repeal the CCP? Then you shouldn’t be able to build your own listing networks while pulling from the cooperative MLS feed, says eXp CEO Leo Pareja.

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Housing Wire

NOVEMBER 13, 2024

Fathom Holdings announced another round of key leadership promotions. On Wednesday, company promoted Jon Gwin to chief revenue officer and Samantha Giuggio to president of Fathom Realty and chief operations officer of Fathom Holdings. Gwin and Giuggio join Fathom’s leadership as the latest promotions following Joanne Zach’s move to chief financial officer on Nov. 6.

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Realty Real Estate Agents Retail 384

Appraisal Buzz

NOVEMBER 13, 2024

On this week’s episode, we sit down with Jake Williamson, Fannie Mae’s Senior Vice President of Single Family Collateral Risk and Loan Quality, to explore the exciting advancements reshaping the appraisal industry. From the new UAD to recent tech advances, Jake shares insights on how technology and data are transforming the way appraisals are done.

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Valuation Appraisal Technology Modernization 195

Housing Wire

NOVEMBER 13, 2024

The National Association of Realtors (NAR) is facing yet another lawsuit related to its three-way membership agreement, which requires Realtors to join their local, state and national associations in order to obtain access to the MLS. The suit was filed Nov. 1 in U.S. District Court in Los Angeles by John Diaz, a broker at UHOO Real Estate Services , who is representing himself pro se.

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Realtors Real Estate Business Agents 370

Appraisal Buzz

NOVEMBER 13, 2024

CaseMax , a provider of case management systems, is enhancing service delivery for Indianapolis-based Voyager Title , which handles all aspects of residential and commercial real estate closings. Voyager Title is currently expanding into Kansas, Missouri and Virginia. Voyager Title’s decision to integrate CaseMax’s sophisticated case management platform underscores the system’s flexibility and adaptability beyond traditional law firm applications, CaseMax says in a release.

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Marketing Law Real Estate Technology 195

Housing Wire

NOVEMBER 13, 2024

Reverse mortgage educators Dan Hultquist and Jim McMinn brought their “Rules of the Game” presentation back to this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego. After starting with the importance of focused information and certain reverse mortgage product features , the pair went deeper into other longstanding elements that some industry participants might be misinformed about.

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Mortgage Home Value Insurance Tools 368

Appraisal Buzz

NOVEMBER 13, 2024

U.S. household debt – including mortgage debt – reached a record $17.94 trillion in the third quarter, according to a WalletHub report that uses data from the Federal Reserve Bank of New York. After adjusted for inflation, that figure is roughly 6% below the record set in 2008. WalletHub also released a new nationally representative survey gauging how households are dealing with debt.

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Appraisal Mortgage 195

Housing Wire

NOVEMBER 13, 2024

Movement Mortgage has named Steve Smith, a mortgage veteran who most recently served as Movement’s executive advisor, as its new president and chief financial officer. Smith will lead teams across sales, operations, finance, servicing and corporate functions at the South Carolina-based mortgage lender that originated about $16 billion in mortgage loans from January to September, up 2.7% compared to the same period last year, according to Inside Mortgage Finance (IMF).

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Mortgage Loan Officers Retail Finance 370

Eyes on Housing

NOVEMBER 13, 2024

Inflation picked up again in October, showing the last mile to the 2% target will be the hardest. Shelter costs remained the main driver of inflation, accounting for over 65% of the 12-month increase in the all items less food and energy index. However, the year-over-year change in the shelter index has been below 5%.

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Housing Wire

NOVEMBER 13, 2024

Keller Williams has dramatically expanded its presence in New Jersey. The brokerage announced Wednesday that the KW Integrity market center has merged with Sparta, New Jersey-based Clearview Realty , bringing 25 agents and tens of millions of dollars in annual sales volume to KW Integrity. “This merger between Clearview Realty and KW Integrity signifies a strategic union that will bring enhanced resources, expertise and opportunities to our leadership and agents as stakeholders,” Keller Williams

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Realty Brokerage Marketing Training 370

Inman

NOVEMBER 13, 2024

During the first nine months of the year, Matterport pulled in a total of $125.8 million in revenue. Most of that is from recurring services and subscriptions.

Brokerage 166

Brokerage Agents Marketing 166

Housing Wire

NOVEMBER 13, 2024

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2025 Tech100 Award are open now through December 16, 2024. Click here to nominate a tech organization. For the past 13 years, HousingWire’s Tech100 Award program has provided HousingWire readers with a definitive list of the tech solutions companies that are streamlining processes, enhancing customer experience and improvi

Real Estate 282

Real Estate Training Technology Design 282

Inman

NOVEMBER 13, 2024

The relatively new team made up of seasoned professionals has already made a big splash in Atlanta, ranking as the No. 5 medium team by sales volume, according to RealTrends.

Brokerage 158

Brokerage Agents Marketing 158

Appraisal Buzz

NOVEMBER 13, 2024

ACES Quality Management , which offers quality control software to the mortgage industry, reports that it recently added 10 new credit union clients to its roster. As a result, ACES now serves six of the largest credit unions in the U.S., which are now using the ACES’ platform to bolster risk management. Among the new clients are State Employees Credit Union of North Carolina, Lake Michigan Credit Union and Arizona Financial Credit Union.

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Clients Mortgage Lending Investors 150

Inman

NOVEMBER 13, 2024

The bill shifts the responsibility for broker fees from renters to property owners in hopes of easing affordability woes. However, opponents of the bill say it will only raise costs for renters in the long run.

Brokerage 158

Brokerage Agents Marketing 158

Mortgagebroker News

NOVEMBER 13, 2024

Getting a mortgage is more complex than ever.

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Mortgage Marketing Buyers 87

Inman

NOVEMBER 13, 2024

Having pivoted from refinancing to purchase loans, CEO Vishal Garg says investment in AI technology and partnerships with retailers like NEO Home Loans will fuel cost-effective growth.

Retail 158

Retail Technology Investing Mortgage 158

Mortgagebroker News

NOVEMBER 13, 2024

Without reduced fees and faster approvals, Ontario could face worsening housing shortage

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Inman

NOVEMBER 13, 2024

October Consumer Price Index report isn't having a big impact on mortgage rates, as investors who fund most home loans doubt the Fed will have much room to bring rates down next year.

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Investors Mortgage Marketing 157

Mortgagebroker News

NOVEMBER 13, 2024

Consumer and business insolvencies hit record highs

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Mortgage Business 85

Inman

NOVEMBER 13, 2024

Changes to industry rules and regulations? Economic hurdles? What's the biggest challenge you're facing right now, and what do you plan to do about it?

Business 156

Business Real Estate Agent Real Estate Brokerage 156