Housing Wire

MAY 10, 2024

New York -based assumable mortgage platform Roam rolled out a new partnership with national lender Spring EQ to provide second-lien loans to Roam customers, the company announced on Thursday. The new service, Roam Boost, will cater to people with credit scores of at least 640 and down payments of at least 15%. Consider, for example, a home that costs $400,000, with an assumable mortgage amount of $280,000.

Mortgage 448

Mortgage Buyers Lending Investors 448

Real Estate News

MAY 10, 2024

Watch the conversation as Bright MLS chief economist Lisa Sturtevant gets into the data-driven truth behind whether agents seek homes with higher commissions.

Agents 246

Agents 246

Housing Wire

MAY 10, 2024

Florida Gov. Ron DeSantis (R) signed a bill into law this week that changes certain requirements for the state’s reverse mortgage borrowers, a move that the National Reverse Mortgage Lenders Association (NRMLA) says could save money on closing costs. The new law, House Bill (HB) 7073 , changes the way the state’s “documentary stamp tax” can be applied to reverse mortgages, among other provisions related to taxation.

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Law Mortgage Real Property 435

Real Estate News

MAY 10, 2024

The company said despite the hit to its bottom line in Q1, the settlement will reduce uncertainties and let it focus on cost reduction and market expansion.

Marketing 246

Marketing 246

Housing Wire

MAY 10, 2024

The Real Brokerage welcomes Texas -based independent brokerage The Property Shop , led by Season Ware, the company announced on Friday. The Property Shop joined Real under its Private Label program, which allows independent brokerages to maintain their own brand while reaping the benefits associated with being a part of Real. The acquisition brings 125 additional agents to Real.

Brokerage 418

Brokerage Training Agents Real Estate 418

Appraisal Buzz

MAY 10, 2024

Xactus , offering verifications solutions for the mortgage industry, recently announced that several of its verification services are now available via Dark Matter Technologies ‘ Empower loan origination software. Lenders utilizing Dark Matter’s LOS can obtain access to Xactus’ Employment VerificationX, Social Security VerificationX and Credit ReportX.

Modernization 195

Modernization Lending Technology Clients 195

Appraisal Buzz

MAY 10, 2024

The share of residential properties that are considered “equity rich” decreased to 45.8% in the first quarter, down from 46.1% in the fourth quarter and down from 47.2% in the first quarter of 2023, hitting the lowest point in two years, according to ATTOM’s U.S. Home Equity & Underwater Report. By “equity-rich” ATTOM means that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values.

Market Value 195

Market Value Renovations Finance Development 195

Housing Wire

MAY 10, 2024

Sam Valverde, formerly the principal executive vice president of government-owned corporation Ginnie Mae , was named as its acting president as of May 6, according to an announcement issued by the organization this week. Sam Valverde Valverde succeeds Alanna McCargo, who began serving as Ginnie Mae president in January 2022 until announcing her resignation in April.

Government 416

Government Law Finance Mortgage 416

Appraisal Buzz

MAY 10, 2024

Mortgage Capital Trading (MCT) has introduced Base Rate Generator, a new solution that allows mortgage lenders to directly inform their front-end rate sheet pricing with their back-end capital markets executions. By combining live agency API connections, co-issue executions, aggregator pricing, and custom TBA indications, the MCT Base Rate Generator allows mortgage lenders to improve margin management and competitive performance.

Loan Officers 195

Loan Officers Investors Clients Development 195

Housing Wire

MAY 10, 2024

The Consumer Financial Protection Bureau (CFPB) and Freedom Mortgage were handed minor setbacks by the presiding and magistrate judges, respectively, in a case that the regulator brought in widespread violations in its 2020 submission of Home Mortgage Disclosure Act (HMDA) data. The development was first reported by National Mortgage News. The original case was filed in the U.S.

Mortgage 397

Mortgage Law Clients Development 397

Appraisal Buzz

MAY 10, 2024

VWH Capital Management, a minority and women-owned business, is the winning bidder on a pool of 1,154 deeply delinquent loans totaling $214.2 million in unpaid principal balance (UPB) recently auctioned by Fannie Mae. The single pool had an average loan size of $185,646; a weighted average note rate of 4.22%; and a weighted average broker’s price opinion (BPO) loan-to-value ratio of 44%.

Business 195

Business Appraisal 195

Housing Wire

MAY 10, 2024

The National Association of Realtors’ (NAR) board of directors voted to leave member dues unchanged in 2025. The vote occurred Thursday during the final day of NAR’s midyear conference, the Realtors Legislative Meetings, according to Inman , which first reported the story. During the meeting, NAR’s board approved a recommendation from its finance committee to keep annual dues at $156 per person in 2025.

Realtors 397

Realtors Finance Agents Legal 397

Appraisal Buzz

MAY 10, 2024

Home prices increased 1.2% in March compared with February and were up 5.3% compared with March 2023, according to CoreLogic’s home price index report. “Home prices increased again this March beyond the typical seasonal uptick, despite mortgage rates reaching this year’s high and the affordability crunch continuing to keep many prospective buyers on the sidelines,” says Selma Hepp, chief economist for CoreLogic, in a statement.

Inventory 195

Inventory Insurance Buyers Appraisal 195

Housing Wire

MAY 10, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $300 million unrated securitization of residential transition loans (RTLs), the company announced on Friday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions. This securitization marked Kiavi’s 17th such transaction and elevated the company’s total issuance to more than $4.3 billion since it launched its securitization program in 201

Investing 395

Investing Investors Real Estate Construction 395

Appraisal Buzz

MAY 10, 2024

SMART ASSIGN: THE RSDS TECHNOLOGY ADVANTAGE RSDS Appraisal Diversity believes that everything they can measure, track and review also gets improved. This is a tall order for a company that staffs more than 200 appraisers across the United States. That’s why Chief Technology officer Dan Wieschhaus specifically designed RSDS’ proprietary technology with the company’s growth and operations in mind, explaining, “When you scale things to this level, and you have people distributed all over the coun

Technology 195

Technology Appraisal Clients Design 195

Housing Wire

MAY 10, 2024

Holding company Better Home & Finance hired Chad Smith to be the president and chief operating officer of its mortgage business, it announced on Friday. Kevin Ryan, who previously held the position of president, will continue serving the company as chief financial officer. Before joining Better, industry veteran Smith was the CEO of Mission Loans from December 2020 to May 2024.

Loan Officers 393

Loan Officers Law Finance Mortgage 393

Inman

MAY 10, 2024

The new series will follow Cardone as he evaluates real estate projects and decides whether or not to invest in them.

Real Estate 179

Real Estate Investing 179

Housing Wire

MAY 10, 2024

The so-called portal wars heated up this week, when Realtor.com CEO Damian Eales made comments about rival CoStar Group’s Homes.com during the MLS Forum at the National Association of Realtors ’ annual legislative meeting. In his remarks, Eales took issue with CoStar’s claims that Homes.com has surpassed Realtor.com as the second most-trafficked home search site, according to Inman , which first reported on Eales’ remarks.

Advertising 365

Advertising Investors Real Estate Realtors 365

Inman

MAY 10, 2024

The business of selling real estate is evolving at an ever-escalating pace. If you can identify some of the emerging trends and begin to act on those trends, Jimmy Burgess writes, you'll separate yourself from your competition like never before.

Business 179

Business Agents Real Estate Brokerage 179

Eyes on Housing

MAY 10, 2024

High interest rates and construction costs are the most serious impediments for new multifamily development according to the Q1 2024 NAHB Multifamily Market Survey (MMS).

Development 148

Development Construction Marketing 148

Inman

MAY 10, 2024

Proptech journalist Craig Rowe reviews MoxiPresent by MoxiWorks, a CMA builder and presentation marketing solution for the real estate industry.

Real Estate 179

Real Estate Marketing Open Houses Technology 179

BiggerPockets

MAY 10, 2024

The Sunshine State offers the exact combination of factors that make this investment option attractive. Learn if rent-to-own investing is right for you.

Investing 92

Investing Marketing Housing Market 92

Inman

MAY 10, 2024

Celebrate excellence in luxury real estate with Inman’s highest honor. Nominations close on May 17, and winners will be celebrated at this summer's Inman Luxury Connect in Las Vegas.

Real Estate 173

Real Estate 173

BiggerPockets

MAY 10, 2024

It's not as crazy as it may initially seem. We'll break down the pros and cons of this proposed shift in U.S. tax policy.

Real Estate 90

Real Estate Investing 90

Inman

MAY 10, 2024

During the process of preparing for his first Ironman, ERA President Alex Vidal learned that, whether it's a personal or professional goal, aiming high and executing on a detailed plan of attack can help you achieve it.

Brokerage 165

Brokerage Agents 165

BiggerPockets

MAY 10, 2024

Real estate investing with your significant other can be challenging if you don't agree on strategy or goals. Follow these 7 steps to get aligned.

Real Estate 88

Real Estate Investing Development 88

Inman

MAY 10, 2024

EXp Realty's new coaching platform, eXp Elevate Coaching, features live and on-demand courses from the brokerage's top agents. The first round of classes starts in June.

Realty 165

Realty Brokerage Agents 165

Mortgagebroker News

MAY 10, 2024

Commercial real estate report reveals adjusted expectations, focus on alternative investments

Real Estate 87

Real Estate Investors Investing 87

Inman

MAY 10, 2024

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

Brokerage 165

Brokerage Agents 165

Mortgagebroker News

MAY 10, 2024

Central bank says renewals could lead to hefty payment jumps, strain finances

Finance 83

Finance Mortgage 83

Inman

MAY 10, 2024

According to NAHB, multifamily developers are feeling less confident in the market for new builds as high interest rates lead to difficult lending conditions.

Development 158

Development Lending Marketing Investing 158

Mortgagebroker News

MAY 10, 2024

Brokers on the most important parts of building a book of business

Marketing 83

Marketing Mortgage Business 83

Inman

MAY 10, 2024

With $3 million in new funding, Roam wants to help buyers "wind back the clock" on mortgage rates in markets nationwide by the end of the year.

Mortgage 158

Mortgage Buyers Marketing Tools 158

Mortgagebroker News

MAY 10, 2024

Board re-elected, funded volumes increase, CEO sees brighter days ahead

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