Housing Wire

APRIL 12, 2024

The ongoing lack of housing affordability is prompting more renters to doubt their ability to become homeowners. According to a recent Redfin survey , nearly 40% of U.S. renters don’t believe in their ability to ever own a home, up from roughly 27% less than a year ago. While lack of affordability is the dominant reason for renters to believe they’re unlikely to become homeowners, nearly half of renters feel that available homes are too expensive.

Mortgage 484

Mortgage Investing Housing Market Marketing 484

Real Estate News

APRIL 12, 2024

The ruling leaves open the possibility of consolidation after settlements have concluded. But in the meantime, cases that had been on pause can move forward.

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Housing Wire

APRIL 12, 2024

Job recruiters in the South are facing hurdles to attract skilled professionals from the Midwest despite offering competitive compensation packages, according to a Bloomberg report published Friday. That’s because many of these potential hires are locked into super-low 30-year mortgages. During the fourth quarter of 2023, the proportion of job seekers in the U.S. who relocated for employment dwindled to a mere 1.5%.

Mortgage 475

Mortgage Finance Clients 475

Real Estate News

APRIL 12, 2024

Top Agent Network is asking for an October 2025 trial date in the dispute over the National Association of Realtors’ Clear Cooperation policy.

Realtors 278

Realtors Agents 278

Housing Wire

APRIL 12, 2024

Wells Fargo and JPMorgan Chase usually open the quarterly earnings seasons in the mortgage space, giving analysts something to chew on before nonbanks release their financial reports. In the first quarter of 2024, the big banks showed a challenging reality for originations. The banks’ Q1 2024 earnings, released on Friday, showed declining home loan volumes compared to the prior quarter — and executives believe that the macroeconomic landscape will remain tough in the months to come.

Mortgage 468

Mortgage Retail Lending Business 468

Real Estate News

APRIL 12, 2024

Stellar MLS expands voice search capabilities; NorthstarMLS launches RESO web API; T3 Sixty announces Tech Summit plans.

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Real Estate News

APRIL 12, 2024

Attorneys argued that the home sellers “should not have to wait indefinitely to defend their verdict on appeal” and provided details about the case’s timeline.

Sellers 264

Sellers 264

Housing Wire

APRIL 12, 2024

The Multidistrict Litigation panel has denied a motion for nine of the commission lawsuits to consolidate. In a decision filed on Friday, Judge Karen Caldwell, who is the chair of the MDL panel, wrote that after hearing arguments from all parties involved, the panel concluded that “centralization is not necessary at this time for the convenience of the parties and witnesses or to further the just and efficient conduct of the litigation.

Real Estate 451

Real Estate Real Estate Agent Realtors Realty 451

Inman

APRIL 12, 2024

A panel of judges considering whether to consolidate real estate commission lawsuits into one cited the recent NAR settlement as a reason to deny the request.

Real Estate 198

Real Estate Realtors Brokerage Agents 198

Housing Wire

APRIL 12, 2024

Reverse mortgage industry professionals have spoken for months about the consequences of high interest rates on their ability to pursue business, and now AARP has taken a closer look at the impacts. While higher rates are bad news for the mortgage industry in a broad sense, the impact on reverse lending is more nuanced, Bruce Simmons of American Liberty Mortgage in the Denver area explained to AARP.

Mortgage 448

Mortgage Business Lending Marketing 448

Appraisal Buzz

APRIL 12, 2024

Ginnie Mae has further expanded its low-to-moderate income (LMI) disclosure initiative to include pool-level data for its home equity conversion mortgage (HECM) mortgage-backed securities (HMBS) program. Ginnie Mae’s new HMBS LMI disclosures cover active loans pooled from 2012 through the present time, the firm says in a release. This expansion continues Ginnie Mae’s work to enhance its securities disclosures, which began three years ago.

Investors 195

Investors Investing Government Finance 195

Housing Wire

APRIL 12, 2024

As artificial intelligence continues to grow in prominence, mortgage professionals “must carefully evaluate and manage” their use of AI and “focus on deriving the benefits while avoiding potentially catastrophic risks.” That’s one of the key conclusions reached by the BlackFin Group in a recently published white paper, “Artificial Intelligence (AI) in Mortgage Banking.

Technology 446

Technology Tools Investing Mortgage 446

Appraisal Buzz

APRIL 12, 2024

Tracy Stephan has been named chief artificial intelligence officer (CAIO) of the Federal Housing Finance Agency (FHFA). Stephan will continue in her role leading the FHFA Office of Financial Technology. Stephan is a 25-year veteran in mortgage technology. Stephan came to FHFA from Fannie Mae where she served in a variety of positions overseeing enterprise innovation, data, software engineering, and product management.

Technology 195

Technology Government Development Finance 195

Housing Wire

APRIL 12, 2024

Stellar MLS , the third-largest MLS in the country, has expanded its partnership with artificial intelligence company Lundy Inc. , Stellar announced on Thursday. Powered by Amazon’s Alexa products, Lundy offers a voice-activated property search engine, allowing real estate professionals and homebuyers to navigate home listings using their voice. Lundy’s “Finding Homes” feature will be accessible to all Stellar MLS customers, including those in Florida and Puerto Rico, where Stellar serves as the

Real Estate 446

Real Estate Tools Agents Real Estate Agent 446

Inman

APRIL 12, 2024

Tune in for an engaging discussion surrounding the latest trends, predictions and insider knowledge on the 2024 housing market to help you make informed decisions with confidence.

Housing Market 194

Housing Market Marketing Agents 194

Housing Wire

APRIL 12, 2024

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Marketing Leaders are open until April 30, 2024. Click here to nominate someone from your organization today. If there’s one word to describe today’s successful marketers in mortgage and real estate it’s “adaptable.

Loan Officers 352

Loan Officers Lending Real Estate Marketing 352

Inman

APRIL 12, 2024

Thirty-eight percent of renters don't believe they will ever own a home — up from 27 percent less than a year ago, according to Redfin.

Marketing 190

Marketing Mortgage 190

Eyes on Housing

APRIL 12, 2024

Over the first two months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 155,236. On a year-over-year (YoY) basis, this is an increase of 38.4% over the February 2023 level of 112,131. Year-to-date ending in February, single-family permits were up in all four regions. The range of permit increase spanned.

Construction 167

Construction 167

Inman

APRIL 12, 2024

Real estate professionals have been seeking answers since Wednesday, when many lost access to their personal websites, lead services and other tools provided by Boomtown, agents told Inman.

Agents 183

Agents Real Estate Tools Technology 183

BiggerPockets

APRIL 12, 2024

How did this syndicator, with all of its promise and potential, fall from grace after several investors claimed they were burned? BiggerPockets set out to find out what went wrong, how it went wrong, and what it means to other investors.

Investors 93

Investors 93

Inman

APRIL 12, 2024

Most new franchisees signing up for Motto's "mortgage brokerage-in-a-box" solution are real estate brokerages and teams that aren't affiliated with RE/MAX.

Brokerage 183

Brokerage Mortgage Real Estate 183

BiggerPockets

APRIL 12, 2024

With home prices and interest rates still at record highs and inventory squeezed, homebuyers and real estate investors may be better off purchasing a fixer-upper in some cities.

Inventory 92

Inventory Real Estate Investors Marketing 92

Inman

APRIL 12, 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 179

Brokerage Agents 179

BiggerPockets

APRIL 12, 2024

Whenever I hop on a conference call, someone asks, “Where are you located?” And then their eyes widen when I respond, “Lima, Peru.

Real Estate 92

Real Estate Investors Investing Property Management 92

Inman

APRIL 12, 2024

The estate is being listed by Branden and Rayni Williams of The Beverly Hills Estates for $55 million as it simultaneously prepares to head to a no-reserve auction with Concierge Auctions from May 9 through May 23.

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Mortgagebroker News

APRIL 12, 2024

Prime minister bids to tackle crisis

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Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property.

Appraisal 78

Appraisal Construction Contracts Architecture 78

Mortgagebroker News

APRIL 12, 2024

Lawsuit targets bank after clients lose millions in cyber fraud

Clients 81

Clients 81

Appraisal Partners Blog

APRIL 12, 2024

What can be a more traumatic and challenging experience of one’s life than divorce? It is one of the toughest emotional turmoils that may affect the entire life of an individual. However, amidst this emotional trouble, it’s essential to address practical matters, especially the division of assets and responsibilities. Structuring a divorce settlement agreement is a crucial step in this process, as it prepares the foundation for your financial and emotional well-being in the future.

Legal 78

Legal Law Real Estate Appraisal 78

Mortgagebroker News

APRIL 12, 2024

FSRA says brokerages failed to appoint principal and file required annual returns

Brokerage 81

Brokerage Mortgage 81

GoForrmz

APRIL 12, 2024

Connect GoFormz to your Cloud storage platform to simplify and automate record-keeping Did you know that GoFormz connects with Cloud storage platforms? By integrating your GoFormz and Cloud storage accounts you can automate processes commonly associated with paperwork, like form delivery and record-keeping. Digitizing and automating these traditionally manual tasks not only saves your team significant time but also: Eliminates opportunities for missing, damaged, or delayed documents Enforces rec

Modernization 78

Modernization 78

Lamacchia Realty

APRIL 12, 2024

Lamacchia Realty REALTOR®, John Viveiros recently listed 1819 South Main Street in Fall River, Massachusetts, a well-known Chinese Restaurant called Mee Sum. Described by the community as iconic, Mee Sum has been a Fall River staple since its opening in 1950. The building, along with all of its restaurant equipment is up for sale, and the restaurant will remain open throughout.

Realty 62

Realty Realtors Buyers Agents 62

Eppraisal

APRIL 12, 2024

Unlocking the potential of your home equity can be a strategic move for savvy investors looking to expand their real estate portfolio. As property values rise, so does the equity in your home, presenting opportunities for investment. Let's explore how you can leverage the equity in your current home to invest in additional properties, maximizing your financial potential.

Investing 36

Investing Real Estate Tenants Market Value 36

Movoto

APRIL 12, 2024

If you’re thinking about buying a home , knowing the answer to the question of “how long does it take to buy a house?” could be a crucial factor in your trek to home ownership. In addition to establishing a reasonable home buying budget – feel free to use our mortgage payment calculator for help – knowing how long before you have keys in hand will help new home buyers better plan and prepare.

Inspection 36

Inspection Real Estate Agent Realtors Sellers 36