Tue.Jan 28, 2025

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Mr. Cooper agreed to a $5.8 million settlement. Who is eligible for relief?

Housing Wire

Nationstar Mortgage currently doing business as Mr. Cooper has agreed to settle a lawsuit which alleges that the company violated mortgage servicing laws and forced borrowers into foreclosure. Attorneys general and mortgage regulators in 50 states, as well the District of Columbia, agreed to a settlement that requires Mr. Cooper to provide $5.8 million in payments to eligible borrowers.

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Southern States Lead in State-to-State Migration Trends

Appraisal Buzz

The migration landscape across the U.S. remained dynamic in 2023, with approximately 7.5 million Americans moving to a different state, according to a new StorageCafe study. While this figure aligns with trends over the past decade, moving within the same state has reached historic lows, dropping to just over 9% of the population. The southern U.S. continues to dominate state-to-state migration, with seven of the top ten states for net migration located in the region.

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Why title insurance is essential to the U.S. system of property rights

Housing Wire

The U.S. system for the transfer of real estate is unique in the world. We transfer ownership by private contract between parties; no advance government approval is required. By contrast, many European countries have a centralized, government-managed land registration system, which requires government review before property transfers are effective. Among the many benefits of the U.S. system are the speed of the transfer, which in our system depends only on the parties being ready to close.

Insurance 413
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Which U.S. Metros Boast the Most Affordable Rates for Renters? 

Appraisal Buzz

According to a recent Redfin survey, renters must make $63,680 to cover the median asking rent for a U.S. apartment ($1,592), the lowest amount required since March 2022. That represents a 6.4% decrease from August 2022, when the median asking rent reached an all-time high of $1,700, and a 0.4% decrease from a year ago. The average apartment would have cost $68,000 to rent back then, which is almost $5,000 more than it is now.

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The Constructors 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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Home-price growth remained cool in November

Housing Wire

Home-price growth trended below historic averages in November, according to the S&P CoreLogic Case-Shiller national home-price index (HPI) released Tuesday. In November, the national index came in at a reading of 323.91, up 3.8% annually but down 0.09% month over month. The annualized increase is up from the 3.6% gain posted in October. Despite below-trend growth, our National Index hit its 18th consecutive all-time high on a seasonally adjusted basis, Brian D.

Finance 378

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Protecting remote access with multi-factor authentication

Housing Wire

Remote work has become indispensable in todays interconnected environment. Yet the convenience of working outside a centralized office also expands the potential for cyber threats. This installment of our Reducing Risk series examines how Multi-Factor Authentication (MFA) can help protect your remote access systems, reduce the risk of unauthorized access, and strengthen overall cybersecurity.

Training 325
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The housing market is warm. Not blazing hot.

Sacramento Appraisal Blog

The housing market is heating up, but it’s not blazing hot. The temperature so far in January feels warmer than anything. In other words, we’re seeing some spring vibes, but it hasn’t been completely insane. Let’s unpack that today. Scroll quickly by topic or digest slowly. Any thoughts? UPCOMING SPEAKING GIGS: 1/31/25 Prime Real Estate […] The post The housing market is warm.

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Dunmor CEO Franck Ruimy on Newfi partnership and the residential investment lending sector

Housing Wire

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Dunmor CEO Franck Ruimy spoke with HousingWire ‘s Sarah Wolak on why he anticipates 2025 will be a strong sales year, and he highlighted the recent growth for the business-purpose lending (BPL) sector.

Lending 336
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New lawsuit sweeps up 8 brokerages and MLSs

Real Estate News

The companies were among the remaining entities not covered by NARs deal. They quickly agreed to settle, paying more than $10.5 million in combined damages.

Brokerage 228
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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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The best real estate closing gifts for 2025

Housing Wire

Real estate closing gifts personalize and ultimately strengthen the relationship between you and your client, which can lead to a string of referrals. We curated some standout closing gift ideas for buyers and sellers and assembled this guide to help you navigate the closing gift process. We’ve included the do’s and don’ts of gift giving, some details about tax write-offs, and we answer some commonly asked questions.

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First American: Home Prices Barely Increased in December

Appraisal Buzz

U.S. home prices increased slightly in December, rising just 0.1% compared with November and up 3.9% compared with December 2023, according to First Americans home price index report. Nationally, home prices are now 54.8% higher compared to pre-pandemic levels (February 2020), according to First Americans data. However, the rate of appreciation has slowed significantly during the past year The decrease in home prices reported in last months HPI for October 2024 to November 2024 was revised down

Inventory 195
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The LA wildfires are a reminder of the cost burden of reconstruction

Housing Wire

Catastrophic weather events in the U.S. are reshaping insurance premiums and real estate markets, which will inevitably drive up costs and worsen affordability. Notably, hailstorms, the devastating wildfires in California and hurricanes in the Gulf Coast are reminders of the cost burdens associated with housing reconstruction and risk. And just last week, a historic and rare Gulf Coast snowstorm resulted in all 50 states having already seen snow accumulations snow this winter.

Insurance 264
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Panorama Mortgage Group Appoints Philip Riccio Chief Financial Officer

Appraisal Buzz

Philip Riccio has been appointed chief financial officer for Panorama Mortgage Group , a multi-channel mortgage company headquartered in Las Vegas. Riccio has two decades of experience in the mortgage industry. He brings a wealth of expertise in capital markets, financial management, and strategic leadership to his new role. Since joining Panorama Mortgage Group in 2022 as senior vice president of capital markets.

Mortgage 195
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Concierge Auctions and Luxury Presence team up on marketing

Housing Wire

Luxury real estate auction house Concierge Auctions has entered a co-marketing partnership with proptech startup Luxury Presence , announced today. The collaboration offers Luxury Presences clients the ability to promote upcoming auctions, in addition to using the Concierge Auctions platform as a tool in the buying and selling of high-end listings , according to a press release.

Marketing 269
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Diverse Mortgage Services, Offering Title and Closing Services, Has Launched 

Appraisal Buzz

Diverse Mortgage Services (DMS), offering title and closing services to lenders and one of the nations first Certified Minority Business Enterprise (MBE) mortgage services providers, has been launched by Chuck Sanders, entrepreneur and former running back for the Pittsburgh Steelers. With a deep background in third-party real estate transaction services, Diverse Mortgage Services (DMS) has an exclusive licensing agreement with minority investor ServiceLink to leverage its best-in-class, bank-lev

Mortgage 195
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MLS PIN pushes back against DOJ in advance of settlement hearing

Inman

The court will consider approving the latest deal in the case, which allows commission sharing in the multiple listing system.

Realtors 168
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Westcor Land Title Insurance Welcomes Karen Bates as Tennessee Agency Representative

Appraisal Buzz

Karen Bates has joined Westcor Land Title Insurance Co. as an agency representative on the Tennesseeregional team. We are absolutely thrilled to welcome Karen to the Tennessee regional team, says Michael Trowbridge, vice president, central states regional manager, Westcor, in a release. She has a proven track record of success along with experience and industry knowledge that will be invaluable as we continue to grow.

Insurance 195
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Maximizing a ‘3rd place’: 3 keys to building relationships that transact

Inman

Third places, where people gather for face-to-face social interaction, offer an opportunity for real estate agents in our increasingly fragmented and isolated society, team leader Carl Medford writes.

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Home Price Growth Leveling Off

Eyes on Housing

On a year-over-year basis, home prices grew at a rate of 3.75% for November, according to the S&P CoreLogic Case-Shiller Home Price Index (NSA). This marks an increase from the 3.59% growth rate recorded in October but is down from a peak of 6.54% in March 2024. By Metro Area In addition to tracking national.

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The expanding role of micro-units in property renting

Inman

Despite challenges, municipalities are increasingly open to micro-unit developments as they seek innovative solutions to the affordability crisis, multifamily expert Michael Zaransky writes.

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How To Use Audio Fields To Improve Job Site Data Collection

GoForrmz

Enrich your job site data with audio recordings In our 2024 Annual Customer Survey, 84% of respondents reported a notable increase in productivity after implementing GoFormz. For many teams, transitioning from paper and pen to mobile forms was driven by the need for better reporting (56%) and improved collaboration (44%). Digital solutions like GoFormz make capturing accurate, detailed data such as audio recordings effortless, empowering teams to streamline workflows, boost productivity, and s

Design 78
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Broker alleges NAR rules ‘forced’ her to pay for inactive agents

Inman

In an updated antitrust complaint, a broker takes aim at NAR's three-way agreement and other membership rules.

Agents 159
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FSRA names new CEO

Mortgagebroker News

New leader to guide next phase of regulatory oversight

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8 actionable ways to guide real estate clients with integrity

Inman

When clients know they can trust you, coach Darryl Davis writes, referrals flow, relationships deepen and reputations grow.

Clients 151
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Cyndi Deshaies Wins Most Transactions in 2024 – Leominster Office

Lamacchia Realty

Cyndi Deshaies Wins Most Transactions in 2024 Leominster Office The #1 REALTOR for transactions in the Leominster office in 2024 is Cyndi Deshaies. This is Cyndis first time taking home the award for Most Transactions and we couldnt be more excited for her! She reached this achievement by closing on 51 homes and selling over $20,455,800 in sales volume in 2024.

Realty 69
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Wells Fargo is about to emerge from the regulatory woods

Inman

Once the nation's largest home lender, Wells Fargo could be poised for a comeback in the mortgage business this year as it continues to make progress in addressing regulators' concerns about its past practices.

Business 148
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Laurie Howe Bourgeois Wins Highest Sales Volume in 2024 – Leominster Office

Lamacchia Realty

Laurie Howe Bourgeois Wins Highest Sales Volume in 2024 Leominster Office The #1 REALTOR for Sales Volume in the Leominster office in 2024 is Laurie Howe Bourgeois. This is Lauries sixth time taking home the award for Highest Sales Volume, and we couldnt be more excited for her! She reached this achievement by closing on 43 homes and selling over $20 Million in sales volume in 2024.

Realty 68
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We all need to care about the LGBTQ+ community

Inman

Like all Americans, LGBTQ+ people deserve the right to thrive — not just exist, broker and community advocate Jamie Zapata writes.

Brokerage 144
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Heidi Weed Wins Most Transactions and Highest Sales Volume in 2024 – Southington Office

Lamacchia Realty

Heidi Weed Wins Most Transactions and Highest Sales Volume in 2024 Southington Office The #1 REALTOR in the Southington Office in 2024 is Heidi Weed. This is Heidis second time taking home the award for Most Transactions and Highest Sales Volume, as she was awarded in 2023 , and we couldnt be more excited for her ! She reached this achievement by closing on 27 homes and selling over $11 Million in sales volume in 2024.

Realty 66
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How to go from a good real estate agent to an exceptional one

Inman

Are you truly committed to your business, or are you just interested? The difference determines whether you're merely good or truly exceptional, broker Nick Schlekeway writes.

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Bea Murphy Wins Most Transactions and Highest Sales Volume in 2024 – Braintree Office

Lamacchia Realty

Bea Murphy Wins Most Transactions and Highest Sales Volume in 2024 Braintree Office We are excited to announce that t he #1 REALTOR in the Braintree Office in 2024 is Bea Murphy ! This is Beas FIFTH time taking home the award for Most Transactions and Highest Sales Volume, having also won in 2022 , 2021 , 2020 , and 2019. She reached this achievement by closing on 53 homes and selling over $ 31 Million in sales volume in 2024.

Realty 67
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Leaders foresee opportunity in wake of antitrust commission suits

Inman

Leaders at last week's Inman Connect New York were more upbeat than they were a year ago, and suggested that for all of last year's tumult, the best agents might just thrive in real estate's new normal.