Housing Wire

OCTOBER 22, 2024

Mortgage rates continue to rise, serving as a bucket of cold water for lenders and consumers that were warming to lower borrowing costs just a few months ago. According to HousingWire ‘s Mortgage Rates Center , the average 30-year conforming rate was 6.61% on Tuesday. That was up 15 basis points (bps) from one week ago and 30 bps higher than on Sept. 18, when the Federal Reserve lowered benchmark rates by 50 bps.

Sellers 468

Sellers Mortgage Marketing Construction 468

Appraisal Buzz

OCTOBER 22, 2024

According to a new study by LendingTree , the current state of the home buying market seems so unattainable for many, as the American dream of home ownership continues to elude many hampered by continued affordability concerns. More specifically, for renters, LendingTree found that 62% of those who rent expressed that they are worried they will never be able to own a home.

Property Taxes 418

Property Taxes Landlords Home Value Marketing 418

Housing Wire

OCTOBER 22, 2024

Feeling overwhelmed by all the AI talk? It’s understandable. Artificial intelligence (AI) has become a hot topic across every facet of life, including the real estate and title industries. Many title professionals are asking how AI can be used safely and effectively to improve daily operations. In this article, we’ll explore practical ways title companies can leverage AI to stay competitive in a fast-changing landscape, offering actionable tips to help you integrate these emerging tools respons

Tools 448

Tools Training Real Estate Clients 448

Appraisal Buzz

OCTOBER 22, 2024

According to a new report, during Q3 of 2024, there was a small increase in the delinquency rates for mortgages secured by commercial buildings. This is in line with the most recent Commercial Real Estate Finance (CREF) Loan Performance Survey from the Mortgage Bankers Association (MBA). “Delinquency rates for commercial mortgages backed by office properties continued to increase during the third quarter but declined for loans backed by lodging, retail and industrial properties,” said Jamie Wood

Mortgage 354

Mortgage Retail Real Estate Finance 354

Housing Wire

OCTOBER 22, 2024

The Consumer Financial Protection Bureau (CFPB) has finalized a rule that lays the groundwork for open banking in the U.S. financial system, including the mortgage sector. But this rule has sparked mixed reactions within the industry, reflecting both enthusiasm and concerns. Announced on Tuesday, the new rule mandates that financial providers — including banks, credit card issuers and mortgage companies — share personal financial data for free with their peers when customers request it.

Advertising 446

Advertising Mortgage Technology Lending 446

Real Estate News

OCTOBER 22, 2024

Most haven't, data shows, as they wait for the post-settlement dust to settle. Instead, they’re leaning into agent relationships and rethinking incentives.

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Agents 278

Real Estate News

OCTOBER 22, 2024

Zillow will share 3D Home tours, interactive floor plans and other listing features with Realtor.com beginning in 2025.

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Housing Wire

OCTOBER 22, 2024

Mortgage technology company Uplist has launched what it says is a killer new tool that will help loan officers automatically generate refinance options for their clients. The technology, called “Recapture,” is integrated with the leading pricing engines, and it provides LOs with timely, accurate data that identifies multiple refi opportunities for clients.

Tools 435

Tools Loan Officers Clients Technology 435

Real Estate News

OCTOBER 22, 2024

Revenue was up 11%, and the company plans to accelerate the growth of the Homes.com sales team despite some slowdown in traffic from the previous quarter.

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Housing Wire

OCTOBER 22, 2024

Financial readiness technology firm FinLocker has partnered with FirstHome IQ , a nonprofit organization that is “committed to providing the next generation of homebuyers with financial education.” The two organizations said Tuesday that they’re focused on empowering Generation Z with the knowledge, tools and confidence needed to “break through financial barriers and make homeownership an attainable goal.” Record-high home prices, inflation and elevated mortgage rat

Real Estate Agent 435

Real Estate Agent Loan Officers Tools Technology 435

Appraisal Buzz

OCTOBER 22, 2024

Fannie Mae has released a new report showing that while it can be a hassle, borrowers must pay closing expenses, which are fees and charges associated with finalizing a property purchase or mortgage refinance. Title insurance charges, appraisal fees, settlement fees, borrower credit report fees, mortgage origination fees, and real estate agent commissions are a few examples.

Mortgage 195

Mortgage Real Estate Agent Insurance Valuation 195

Housing Wire

OCTOBER 22, 2024

The third-quarter financials for Pennymac Financial Services illustrate the double-edged sword of declining interest rates for mortgage companies. It can improve loan production and acquisitions but hurt their servicing portfolios. When factoring both impacts on its earnings, the California -based lender delivered a profit of $69.4 million from July to September.

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Government Investing Mortgage Valuation 434

Appraisal Buzz

OCTOBER 22, 2024

With the Fed’s recent rate cut and more cuts forecast, now may be a great time to start a title business. In this MortgageOrb Q&A, Joseph D’Urso, CEO of Lincoln Abstract & Settlement Services and TitleEase – both under parent Lincoln Holdco – explains why. Q: Is now a good time to start a title business? What impact will the Federal Reserve’s cut in interest rates in September have?

Business 195

Business Real Estate Agent Real Estate Clients 195

Housing Wire

OCTOBER 22, 2024

The Federal Housing Administration (FHA) this week announced two temporary policy waivers as the response to hurricanes Helene and Milton continues. The FHA’s 203(k) rehabilitation mortgage program currently has a requirement that “when a repair is considered ‘major,’ it becomes ineligible to be financed” as part of the 203(k) limited option, ”if the repairs prevent the borrower from occupying the property for more than 15 days.

Inspection 468

Inspection Finance Insurance Sellers 468

Appraisal Buzz

OCTOBER 22, 2024

FinLocker is partnering with FirstHome IQ to provide young consumers with the tools to improve their financial health The partnership is aimed at increasing financial literacy among high school students, college graduates and Gen Z future homebuyers. Currently, only 26.3% of U.S. public high school students are guaranteed to take a personal finance course , so it’s not surprising to see many young individuals lacking the skills to manage their finances effectively.

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Tools Real Estate Agent Finance Real Estate 195

Housing Wire

OCTOBER 22, 2024

eXp Realty continues to add agents and teams at a fast clip. The company announced the addition of the Maine -based Realty ONE Group, a 36-agent team that has closed 338 transactions totaling $128 million in sales volume so far this year. The team is led by Steven Brackett, who has been part of Realty One Group for six years. According to eXp, the group specializes in residential real estate, fix-and-flips and investment properties. “I’ve realized that my greatest strength lies in seeking,

Realty 428

Realty Agents Real Estate Training 428

Inman

OCTOBER 22, 2024

Creating content for your website, communicating with your sphere of influence and marketing your latest listing are all easy with the help of artificial intelligence, Luke Babich writes.

Real Estate 173

Real Estate Agents Marketing Design 173

Housing Wire

OCTOBER 22, 2024

Guaranteed Rate Affinity announced a promotion on Tuesday as the joint venture company named 22-year industry veteran Mark Rawls as vice president of mortgage lending. Rawls is the latest addition to a leadership team of seven executives at the developing company. Guaranteed Rate Affinity was formed in 2017 through a partnership between Rate , formerly branded as Guaranteed Rate , and Anywhere Real Estate , formerly known as Realogy.

Lending 427

Lending Mortgage Loan Officers Real Estate 427

Inman

OCTOBER 22, 2024

The campaign's transparency was questioned following a decision to post "cumulative" financials instead of annualized profits in a pitch sent to investors that drew fire from an industry analyst.

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Investors Investing 182

Housing Wire

OCTOBER 22, 2024

Reverse mortgage educators Dan Hultquist and Jim McMinn brought their “Rules of the Game” presentation back to the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo this year in San Diego. After getting some of the preliminaries out of the way regarding the importance of focused information , they drilled deeper into certain topics related to reverse mortgage product features.

Property Taxes 415

Property Taxes Advertising HOA Mortgage 415

Inman

OCTOBER 22, 2024

Costa Mesa, California-based provider of debt consolidation loans saw most of its business dry up last year and was evicted from its headquarters in May, according to Connecticut regulators who revoked the company's license on Oct. 2.

Business 181

Business Mortgage 181

Appraisal Buzz

OCTOBER 22, 2024

Informative Research ’s data-driven credit and verification solutions are now available via the Dark Matter Technologies Exchange service network. This will enable more mortgage lenders to streamline verification of income (VOI) and verification of employment (VOE). Verifying borrower income and employment is time-consuming and costly for mortgage lenders.

Mortgage 195

Mortgage Technology Business Appraisal 195

Inman

OCTOBER 22, 2024

Murray and his ex-wife, Corcoran broker Mickey Murray, built the Yellow House in the 1980s after buying the property for $305K. The 5,177-square-foot home sits on the site of a 19th-century barn.

Marketing 179

Marketing 179

Appraisal Buzz

OCTOBER 22, 2024

The Federal Housing Finance Agency (FHFA) has issued a notice of proposed rulemaking addressing the boards of directors and executive management of the Federal Home Loan Banks (FHLBanks) and the FHLBank System’s Office of Finance. The proposed rule will update and clarify regulatory requirements on a variety of corporate governance topics. “The Federal Home Loan Bank System’s ability to provide liquidity to support its mission in a safe and reliable manner is dependent on the quality of its gove

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Government Finance Modernization Development 221

Inman

OCTOBER 22, 2024

CoStar Group's revenue grew 11 percent year over year, to $693 million, while monthly average unique visitors for the Homes.com Network of sites reached 130 million, according to Q3 earnings results on Tuesday.

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Appraisal Buzz

OCTOBER 22, 2024

Astrid Vermeer has joined the Mortgage Bankers Association (MBA) as senior vice president, chief financial officer. Vermeer has more than 20 years of financial leadership experience at acclaimed organizations in the fields of international development and education. She previously served as the chief financial and administrative officer for the Perkins School for the Blind, where she managed a $100 million operating budget and was the lead executive for several operations, including legal, fina

Mortgage 195

Mortgage Legal Finance Investing 195

Inman

OCTOBER 22, 2024

With more supervision layers required due to NAR's settlement, consider these tasks, policy ideas and suggestions when updating your systems, compliance expert Summer Goralik writes.

Agents 178

Agents Brokerage 178

Mortgagebroker News

OCTOBER 22, 2024

Many landlords face tough decisions about whether to hold or sell

Real Estate 93

Real Estate Landlords Investors 93

Inman

OCTOBER 22, 2024

Moderating mortgage rates and lessening buyer competition have pushed the U.S. median down payment down 7.33 percent over the past year, according to Realtor.com.

Buyers 178

Buyers Mortgage Inventory Marketing 178

Mortgagebroker News

OCTOBER 22, 2024

High rents and financial pressures lead many renters to give up on buying a home

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Housing Market Marketing 79

Inman

OCTOBER 22, 2024

Lorber had served as chairman since 2003 but in the months leading up to his retirement faced scrutiny following a pattern of financial losses and the Alexander brothers scandal.

Brokerage 178

Brokerage Agents 178

GoForrmz

OCTOBER 22, 2024

Streamline communication and efficiency in engineering projects with GoFormz In modern engineering organizations, seamless collaboration is key to the success of any project. Engineering teams, often distributed across multiple locations or departments, need efficient tools to share data, manage workflows, and ensure everyone is on the same page. GoFormz provides an essential solution to these challenges, offering centralized, automated processes that boost productivity and enhance collaboration

Project Management 78

Project Management Inspection Tools Modernization 78

Inman

OCTOBER 22, 2024

Visual Lease makes a platform serving more than 1,500 corporate clients. The acquisition bolsters CoStar's core commercial real estate business.

Real Estate 177

Real Estate Clients Business Technology 177

BiggerPockets

OCTOBER 22, 2024

The combination of saving money and buying rentals is a recipe for reaching financial independence much faster than you thought possible.

Finance 56

Finance 56