Housing Wire

MARCH 19, 2024

For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being. But for roughly one-third of NAR’s membership — and nearly 100 of the nation’s largest brokerages by transaction volume — the agreement reached on March 15 may be just the beginning of the saga.

Brokerage 488

Brokerage Real Estate Realtors Legal 488

Real Estate News

MARCH 19, 2024

NAR’s proposed settlement in the commissions cases has quickly led to a flurry of headlines — many of them wrong. Here’s what agents need to do.

Agents 328

Agents 328

Housing Wire

MARCH 19, 2024

The U.S. Department of Housing and Urban Development (HUD) Office of Housing Counseling (OHC) has made a series of updates to its Housing Counseling Program Handbook, including extensive additions, consolidations and reorganizations to a section focused on the Home Equity Conversion Mortgage (HECM) program. This is according to a January meeting of the Housing Counseling Federal Advisory Committee (HCFAC), where the changes were detailed by OHC Office of Policy and Grant Administration specialis

Mortgage 464

Mortgage Modernization Training Technology 464

Real Estate News

MARCH 19, 2024

In a call with media, NAR reps sought to dispel confusion and misinformation coming out of the March 15 settlement announcement.

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Housing Wire

MARCH 19, 2024

Calque , a company that partners with lenders to offer non-contingent mortgages to homebuyers, has appointed Michael Bremer as CEO. Before joining Calque, Bremer (a 2020 HousingWire Insider ), served as the executive vice president of enterprise operations at CoreLogic. “I am thrilled at the chance to join a company dedicated to alleviating the challenges homeowners face during the homebuying and selling process,” Bremer said in a statement.

Real Estate Agent 456

Real Estate Agent Agents Real Estate Business 456

Real Estate News

MARCH 19, 2024

Windermere appoints sales director for California; T3 Sixty promotes tech leaders; NAHREP names 2024 president; Janet Kane now CEO at Cape Fear Realtors.

Realtors 264

Realtors 264

Inman

MARCH 19, 2024

The recent surge in mortgage rates could take some air out of a projected rebound in 2024 home sales, with deals driven mostly by households who can no longer put off their moves due to life events.

Mortgage 202

Mortgage Marketing 202

Housing Wire

MARCH 19, 2024

Mortgage rates remained flat this week ahead of the next meeting of the Federal Open Market Committee (FOMC). HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.07% on Tuesday, down from 7.08% one week earlier. At the same time one year ago, the 30-year fixed rate averaged 6.69%. Meanwhile, the 15-year fixed rate averaged 6.5% on Tuesday, up from 6.46% one week earlier.

Mortgage 448

Mortgage Inventory Buyers Marketing 448

The Appraiser Coach

MARCH 19, 2024

As a real estate investor, I have the opportunity to rub shoulders with all kinds of people, even other appraisers on occasion. With a recent house purchase in another state, I got a call from the appraiser of this property as he was planning a visit out there. We talked about what was still needed and how to go about the property moving forward. I never mentioned that I was in his same line of work, but it was a breath of fresh air when I got off the phone and I was reminded of a principle I te

Appraisal 195

Appraisal Clients Real Estate Business 195

Housing Wire

MARCH 19, 2024

Lewisville, Texas-based property services company MCS announced last week that it acquired Five Brothers Asset Management Solutions , a deal which brings MCS into the reverse mortgage industry for the first time, according to an announcement by the company. MCS contends that the deal creates “a national property preservation and services market leader that combines complementary business offerings to serve an extensive network of clients in the mortgage services and single-family rental sectors.

Mortgage 448

Mortgage Renovations Clients Business 448

Inman

MARCH 19, 2024

Despite the initial controversy, Homes.com isn't letting up on its traffic war with Zillow, Realtor.com and Redfin. The CoStar-owned portal reported late last week that it reached 149 million unique visitors in February, which equals a mind-boggling 567 percent growth in unique visitors compared to February 2023.

Buyers 189

Buyers Technology 189

Housing Wire

MARCH 19, 2024

Mortgage capital markets tech firm Polly announced its application programming interface (API) integration with CoreLogic , which will enable lenders to streamline the digital mortgage process. Polly’s product and pricing engine (PPE) was built with an API-adjacent product strategy, which can create opportunities for optimal system-to-system integration that helps improve lender efficiencies, Polly said in a news release.

Technology 447

Technology Contracts Insurance Government 447

Inman

MARCH 19, 2024

Sitzer | Burnett plaintiffs asked the court to order the Berkshire Hathaway affiliate to pay most of the nearly $5.4 billion damages award after NAR, Keller Williams, Anywhere and RE/MAX settle.

Brokerage 183

Brokerage Agents 183

Housing Wire

MARCH 19, 2024

As the final defendant left in the Sitzer/Burnett commission lawsuit , it appears that HomeServices of America may be left holding the bag for the vast majority of the damages in the case. On Monday, the plaintiffs filed a motion for entry of judgment in a Kansas City district court. In their motion, the plaintiffs asked the court to order HomeServices to pay $4.7 billion in damages this fall.

Sellers 443

Sellers Law Realtors Contracts 443

Inman

MARCH 19, 2024

As the first day of spring arrives, three economists shared with Inman why headwinds will continue to plague the housing market in 2024, long after a recovery was expected to revive U.S. home sales.

Marketing 182

Marketing Housing Market Buyers Brokerage 182

Housing Wire

MARCH 19, 2024

Florida-based brokerage Atlantic Trust Mortgage has asked a Michigan federal court to dismiss a lawsuit filed by United Wholesale Mortgage (UWM) that alleges a violation of an amended agreement. Atlantic Trust entered into a wholesale broker agreement with UWM in 2018. Following UWM’s 2021 announcement of an “All-In ” initiative — which prohibits UWM broker partners from sending loans to direct competitors Rocket Mortgage and Fairway Independent Mortgage — Atlantic Trust agreed to the “All-In” a

Mortgage 438

Mortgage Law Brokerage Legal 438

Inman

MARCH 19, 2024

The Andreessens have owned the home since 2007 and conducted extensive renovations. The couple also recently purchased several properties in Malibu, suggesting a switching of allegiances to Southern California.

Renovations 178

Renovations 178

Housing Wire

MARCH 19, 2024

New York-based Rithm Capital has changed the compensation package of its top executive, Michael Nierenberg, by reducing his annual base salary, bonus and time-based equity award. But the company also increased the performance-based share of the total equity award. As a result, Nierenberg’s target annual compensation rose from $15 million to $17 million, according to a March 15 filing with the Securities and Exchange Commission (SEC).

Loan Officers 436

Loan Officers Retail Real Estate Mortgage 436

Inman

MARCH 19, 2024

Since Friday, real estate agents have been arguing on the video sharing platform that the recent commission suit settlement is likely to hurt both homebuyers and the agents who represent them.

Agents 174

Agents Real Estate Agent Real Estate Buyers 174

Housing Wire

MARCH 19, 2024

President Joe Biden will be in Las Vegas on Tuesday, where he will offer additional remarks about the policies and priorities of his administration’s push to address housing issues for renters and buyers alike. Biden will also highlight the money offered to states in the 2021 American Rescue Plan Act to boost affordable housing supply. The president will use his remarks in Las Vegas to encourage Congress to support his housing agenda, according to Lael Brainard, the White House’s national econom

Sellers 435

Sellers Buyers Realtors Investing 435

Inman

MARCH 19, 2024

With new and evolving software solutions, multifamily expert Andy Larson writes, any landlord can thrive in the rental market by letting automation, big data and smart spaces do much of the heavy lifting.

Landlords 171

Landlords Technology Marketing Investing 171

Eyes on Housing

MARCH 19, 2024

Pent-up demand, moderating interest rates, and a lack of existing inventory helped push single-family starts in February to their highest level since April 2022. Overall housing starts increased 10.7% in February to a seasonally adjusted annual rate of 1.52 million units, according to a report from the U.S. Department of Housing and Urban Development and.

Inventory 103

Inventory Development Construction 103

Inman

MARCH 19, 2024

If the proposed settlement is approved, multiple listing services will be forced to nix the buyer commission field by July. Now is the time to prepare, writes author and trainer Bernice Ross.

Buyers 141

Buyers Agents Marketing 141

Mortgagebroker News

MARCH 19, 2024

Economy has 'defied logic' so far

Marketing 83

Marketing 83

Inman

MARCH 19, 2024

Sisters Maeda Palius and Amy Chorew offer guidance on developing a comprehensive business plan, so you can better understand your business as you plan for your financial future.

Business 140

Business Development Finance Agents 140

Mortgagebroker News

MARCH 19, 2024

'I hope they're not tepid,' says expert about BoC's upcoming decisions

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Inman

MARCH 19, 2024

Independent, tech-forward brokerage Radius Agent (Radius) has built an artificial intelligence assistant for its agents and staff, called Mel, designed to assist with compliance, marketing and business management.

Tools 134

Tools Brokerage Design Agents 134

GoForrmz

MARCH 19, 2024

Discover the top digital form features for your nonprofit organization Nonprofit organizations play a fundamental role in our society. These organizations address social, educational, and health issues, driving positive change in their communities. However, in their mission-driven work, nonprofits often face challenges related to traditional data collection and paper management.

Law 78

Law Design Clients 78

Mortgagebroker News

MARCH 19, 2024

Renters left behind as rising costs push them to "dissave"

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77

Eppraisal

MARCH 19, 2024

When it comes to managing your finances and maximizing the value of your home, the decision to pay off your mortgage early is a topic that often sparks debate. On one hand, it seems like a dream to own your home outright, free from the burden of monthly mortgage payments. On the other hand, there are potential drawbacks to consider. Let's explore the pros and cons of paying off your mortgage early, empowering you to make an informed decision that aligns with your financial goals.

Mortgage 67

Mortgage Investing Renovations Real Estate 67

Mortgagebroker News

MARCH 19, 2024

Employees say they feel pressured to upsell customer to meet quotas

Clients 77

Clients 77

BiggerPockets

MARCH 19, 2024

Fix and flips have looked a lot alike for the past few years. You see the same countertops, wall colors, appliances, and flooring in almost every new flip.

Real Estate 58

Real Estate 58

Listing Spark

MARCH 19, 2024

House flipping is a turbulent yet high-risk, high-reward market, and it has been ever since the real estate market turned on its head. While there are still plenty of revenue opportunities, with a gross profit of $67,900 for the average 2022 flip , the ROI has been continuously dipping. This means it costs more to do business, even if you’re good at it and have already incorporated some house flipping software into your processes.

Tools 36

Tools Buyers Business Tenants 36

BiggerPockets

MARCH 19, 2024

Want a successful, cash-flowing rental property? Make sure you don’t overlook the tenant screening process or hire the “cheap” contractor.

Tenants 58

Tenants Real Estate 58