Housing Wire

JULY 11, 2024

Mortgage rates are falling today as the CPI inflation data came in lighter than anticipated. The shelter side of the equation was a big help in today’s report. The financial markets’ dynamism was evident in the immediate reaction to the 10-year yield, which had a waterfall dive to a key critical level of around 4.20%, as shown below. With the labor market showing signs of softening and the Federal Reserve expressing concerns, the possibility of our first-rate cut in 2024 looms.

Mortgage 467

Mortgage Marketing Housing Market 467

Appraisal Buzz

JULY 11, 2024

The Mortgage Credit Availability Index (MCAI), a survey from the Mortgage Bankers Association (MBA) that examines information from ICE Mortgage Technology, indicates that mortgage credit availability rose in June. In June, the MCAI increased by 1.0% to 95.0. While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements.

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Mortgage Government Lending Technology 397

Housing Wire

JULY 11, 2024

Despite concerns from housing and mortgage industry trade groups, the Federal Housing Finance Agency (FHFA) on Thursday announced the release of VantageScore 4.0 historic credit data, a step that is designed to ease the transition to new credit reporting requirements by the end of next year. The datasets released Wednesday are tied to single-family mortgages purchased by Fannie Mae and Freddie Mac from April 2013 through March 2023.

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Modernization Finance Mortgage Law 398

Appraisal Buzz

JULY 11, 2024

ATTOM Data has released its Midyear 2024 U.S. Foreclosure Market Report which shows that 117,431 residential properties had some sort of foreclosure filing against them—be it a default notice, an auction, or a bank repossession—during the first six months of the year. The 117,000-some-odd adverse actions that were taken during the first half of the year is down 4.4% from the same time period last year but is up 7.8% from two years ago.

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Real Estate Housing Market Marketing Appraisal 396

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

Construction

Housing Wire

JULY 11, 2024

Fintech firms Rocktop Technologies and LiquidFi on Thursday announced a milestone in their business partnership that was formed earlier this year. Rocktop — a software-as-a-service (SaaS) company that works to improve yields for institutional investors , asset managers and other participants in the fixed-income and mortgage markets — has now placed more than $60 billion in unpaid principal balance (UPB) on its data management platform.

Mortgage 395

Mortgage Investors Technology Clients 395

Housing Wire

JULY 11, 2024

RE/MAX is expanding its footprint in Salt Lake City with the acquisition of a 60-agent team. Stratus Real Estate Solutions is rebranding as RE/MAX Stratus. Owner Ernad Mehinovic believes that the support of RE/MAX will help his team boost its business. “RE/MAX has the tools and systems and resources that agents need in today’s real estate environment,” Mehinovic said in a statement.

Agents 382

Agents Real Estate Brokerage Business 382

Real Estate News

JULY 11, 2024

Mortgage rates dipped this week, and the latest inflation and jobs data increase the chance of a rate cut in September.

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Mortgage 250

Housing Wire

JULY 11, 2024

The efficiency and reliability of property appraisals are the linchpin to the success of a steady flow of mortgage transactions. Opteon, a leader in the appraisal and property valuation industry, utilizes their tech-enabled service fulfillment to streamline and enhance the appraisal process. At the heart of these efforts are their advanced data collection initiatives and the utilization of their all-in-one tech ecosystem for order management and field report submissions.

Lending 378

Lending Appraisal Appraisal Process Valuation 378

Appraisal Buzz

JULY 11, 2024

Cenlar FSB EVP and COO Leslie Peeler Ewing, New Jersey-based mortgage subservicer Cenlar FSB has announced that Leslie Peeler has been appointed EVP and COO. “With more than 20 years of experience transforming organizational productivity, efficiency and profitability, Leslie is an exceptional leader who will help drive the long-term success of Cenlar,” said Cenlar President and CEO David Schneider.

Clients 221

Clients Business Development Mortgage 221

Advertiser: Trellis

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.

Real Estate

Housing Wire

JULY 11, 2024

A wide-ranging and multigenerational survey about retirement confidence in the U.S. found that while general confidence has risen over the past year, most Americans remain concerned that their savings will not be able to keep up with their needs in retirement. The Read on Retirement survey, conducted by BlackRock , enlisted perspectives from members of the millennial , Gen X and baby boomer generations.

Tools 376

Tools Investing Marketing Finance 376

Appraisal Buzz

JULY 11, 2024

So far this year, permits have been received by builders to build 13 multifamily housing units for every 10,000 residents in the U.S.; this is a roughly 30% decrease from the average of 18 for the same periods in 2021–2023. That’s according to a new report from Redfin. The study is based on a Redfin examination of data from the United States Census Bureau that covers the first five months of 2024 and the same periods in 2021–2023 for building permits for multifamily units in buildings with five

Tenants 195

Tenants Construction Landlords Development 195

Housing Wire

JULY 11, 2024

The Consumer Financial Protection Bureau (CFPB) has broad authority under the Equal Credit Opportunity Act (ECOA) to prohibit discrimination against credit applicants and from discouraging prospective applicants for credit. This reinforces the bureau’s enforcement authority as it wages a war against redlining , including in a case against Chicago -based Townstone Financial , according to court documents reviewed by HousingWire.

Legal 375

Legal Finance Mortgage 375

Appraisal Buzz

JULY 11, 2024

Mortgage credit availability increased in June, rising 1% to a score of 95.0 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). A decrease in the index score indicates that lending standards are tightening, while increases are indicative of loosening credit. The index was benchmarked to 100 in March 2012. Credit availability for conventional loans increased 2.0%, while credit for government loans decreased by 0.1%.

Mortgage 195

Mortgage Government Lending Appraisal 195

Housing Wire

JULY 11, 2024

Not many people in any profession enjoy making cold calls to potential clients, but a venture capital-backed technology startup hopes to make it a little easier for real estate agents. Atllas is launching a new artificial intelligence tool, Cold Call AI , that the company said is designed to streamline the process of reaching out to prospective home buyers and sellers.

Tools 367

Tools Real Estate Agent Real Estate Open Houses 367

Appraisal Buzz

JULY 11, 2024

Mortgage rates decreased for a second week as the average rate for a 30-year fixed-rate mortgage dipped to 6.89%, down from 6.95% last week and down from 6.96% a year ago, according to Freddie Mac’s Primary Mortgage Market Survey. The 30-year has been hovering around 7% for over a year now – coupled with high home prices, buyers are heavily discouraged.

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Buyers Mortgage Inventory Appraisal 195

Housing Wire

JULY 11, 2024

The latest annual report from The Counselors of Real Estate highlights 10 major issues expected to impact the housing industry in 2024, but developers are painfully familiar with at least two of them: labor shortages and skyrocketing capital costs. Today’s market conditions help illustrate the case for green, factory building as an effective solution for developers , especially for those who’ve put projects on hold due to rising interest rates and dried up investor pools.

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Development Construction Finance Investors 363

Real Estate News

JULY 11, 2024

Watch the conversation with Ed Zorn as he explains why agents don’t need to panic come Aug. 17, but they do need to hone their pitch — and negotiation skills.

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Agents 190

Housing Wire

JULY 11, 2024

The Appraisal Foundation , a private organization that is the de facto regulator of appraisers , has settled with the United States Department of Housing and Urban Development (HUD) over allegations that its qualification program violated the Fair Housing Act. HUD opened an investigation in December 2021 to determine whether the foundation’s Appraiser Qualification Criteria, established by the Appraiser Qualification Board (AQB), have resulted in violations of the Fair Housing Act by crea

Appraisal 336

Appraisal Valuation Development Property Appraisal 336

Inman

JULY 11, 2024

NAR Chief Economist Lawrence Yun told CNBC he expects mortgage rates to settle around 6 percent, a prediction he’s made before. A look back at two years of his forecasts amid a chaotic economy.

Mortgage 179

Mortgage Realtors Real Estate Brokerage 179

Housing Wire

JULY 11, 2024

A magistrate judge overseeing requests in a case against Ginnie Mae brought by Texas Capital Bank (TCB) has granted each side’s respective requests for an extension — one for a partial summary judgment for TCB, and the other for a change in venue by attorneys for the U.S. government. This is according to court documents reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

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Government Mortgage Insurance Lending 334

Inman

JULY 11, 2024

Leaving Engel & Völkers, Melendez joins forces with Veronica Figueroa's leading eXp expansion team, The Fig Team, where she'll lead the team’s move into Florida's Space and Treasure Coasts.

Realtors 174

Realtors Realty Real Estate Agents 174

Housing Wire

JULY 11, 2024

The Consumer Price Index fell 3% in June on an annual basis, a sharper decrease than economists had anticipated. It’s a shot in the arm for the housing industry, which has been battered by several years of high interest rates as the Federal Reserve tries to tamp down inflation. The evidence that inflation is meaningfully cooling increases the likelihood that the Federal Reserve’s Open Markets Committee cuts rates in September and then at least one more time in 2024.

Mortgage 309

Mortgage Marketing Housing Market Finance 309

Inman

JULY 11, 2024

Overall inflation rose just 3 percent on an annual basis in June, according to Bureau of Labor Statistics. The 10-year Treasury yield, an indicator of mortgage rates, plummeted on the news Thursday.

Mortgage 167

Mortgage Brokerage 167

Mortgagebroker News

JULY 11, 2024

Company appoints new principal and managing director

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Inman

JULY 11, 2024

Elections, interest rates and tax policies all may impact the luxury market for the remainder of the year, according to midyear reports from Christie's Real Estate and Sotheby's International Realty.

Realty 166

Realty Agents Real Estate Marketing 166

GoForrmz

JULY 11, 2024

Unlocking efficiency and innovation with low-code platforms for business growth Organizations across all industries are continuously under pressure to innovate and deliver more with fewer resources. Enter low-code platforms, the modern solution for businesses aiming to streamline processes, enhance productivity, and reduce the burden on IT departments.

Supply Chain 78

Supply Chain Development Business Modernization 78

Inman

JULY 11, 2024

Some Northeast and Midwestern markets saw double-digit increases in median asking rent, according to new data released Tuesday.

Marketing 164

Marketing 164

Mortgagebroker News

JULY 11, 2024

Court ruling enforces contract terms after buyers fail to secure financing

Contracts 77

Contracts Buyers Finance 77

Inman

JULY 11, 2024

The partnership between Thumbtack and MyMove helps link relocating families directly to the types of services so often needed when moving in and out of a home.

Technology 163

Technology Agents 163

BiggerPockets

JULY 11, 2024

Will the new jobs report finally prompt the Fed to cut rates, leading to you scoring a lower mortgage rate?

Marketing 74

Marketing Mortgage Real Estate 74

Inman

JULY 11, 2024

The median U.S. home sale price rose for the ninth consecutive week, hitting an all-time high of $397,482 during the four weeks ending July 7. A Redfin report published on Thursday said the upward climb in median sales prices contrasts with weakening homebuyer demand and elevated mortgage rates—two factors that usually lead to softening home price growth.

Mortgage 160

Mortgage Buyers Marketing 160

Eyes on Housing

JULY 11, 2024

Both overall and core inflation continued to slow in June, as a decline in gasoline prices offset the increase in shelter costs. This is another dovish signal for future monetary policy, following a significant downward revision to the job report. Despite a slowdown in the year-over-year increase, shelter costs continue to put upward pressure on.

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