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The brokerages and non-Realtor-owned MLSs that decided to opt in to the National Association of Realtors’ (NAR) commission lawsuit settlement agreement can breathe a sigh of relief. As expected, Judge Stephen R. Bough, who is overseeing the Sitzer/Burnett and Gibson/Umpa suits, granted preliminary approval to the 13 brokerages and 15 MLSs that chose to settle the commission lawsuits via the opt-in mechanism negotiated by NAR in its settlement.
The CoreLogic Home Price Index (HPI) and HPI Forecast for August 2024 have been released by CoreLogic , revealing that although gains are expected to drop to less than 1% by next spring, home price growth picked up to about 4% year-over-year in August. Mortgage rates fell to their lowest point in over two years during the final week of September, as reported by Freddie Mac.
Three Texas-based multiple listings services (MLSs) are teaming up. The Houston Association of Realtors (HAR) , San Antonio Board of Realtors (SABOR) and Austin-based Unlock MLS are entering into a data sharing agreement that will give Realtors access to each other’s listings, with the deal set to be finalized by the end of the year. “Comparative market intelligence empowers agents to think differently about their own marketplace and deliver more robust and tailored market expertise to their cli
While homeowners are witnessing a dramatic reversal in the home equity trend—which had previously shown three quarters of declines in a row—homeowner equity is increasing following notable price surges throughout the spring 2024 buying season. A new ATTOM report examines the present trends in underwater mortgages and homeowner equity, the underlying causes of these trends, and the states most affected.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
The Federal Reserve ’s 50 basis-point interest rate cut in September is already making an impact on housing markets across the country. But high mortgage rates and affordability challenges put a damper on home-price growth in August. That’s according to CoreLogic ’s Home Price Index, which showed that prices rose 3.9% during the year ending August 2024.
The title insurance industry mitigates more than $600 billion in estimated risk exposure annually for home buyers, according to a report from First American. The data-driven analysis finds that the role of title professionals in maintaining reliable and accurate property ownership records dramatically reduces estimated risk exposure in real estate transactions.
The title insurance industry mitigates more than $600 billion in estimated risk exposure annually for home buyers, according to a report from First American. The data-driven analysis finds that the role of title professionals in maintaining reliable and accurate property ownership records dramatically reduces estimated risk exposure in real estate transactions.
In a recent episode of the “ New Home Insights Podcast, “ John Burns, the founder and CEO of John Burns Research & Consulting , sits down with Don Mullen, founder and CEO of Pretium Partners , for a fireside chat at the Rental Communities Summit. Prior to founding Pretium, Mullen was the head of global credit and mortgages at Goldman Sachs. Pretium is a real estate investment firm that focuses on single-family rental (SFR), build-to-rent (BTR) and fix-and-flip properties.
In this episode, Hal sits down with JoAnn Apostol of Deer Creek Appraisals, fresh from their meet-up at the Appraisal Summit in Las Vegas! JoAnn shares valuable insights into Colorado’s new approach to handling disciplinary actions. With the Colorado Appraisal Board leading the charge, JoAnn explains how this fresh perspective on accountability is reshaping the field, potentially influencing other states as well.
United Wholesale Mortgage (UWM) announced new enhancements to its artificial intelligence -based chatbot on Wednesday, including the ability for brokers to “chat with documents,” calculate income immediately and help identify products that match borrowers’ needs. The wholesale lender launched an AI-powered search engine dubbed ChatUWM in May 2024. The chatbot provides instant responses to clients — guidelines, matrices, and lender tools among other information — based on the company’s knowledge
The housing market remains in a gridlock as homeowners, faced with high mortgage rates and soaring home prices, find themselves unable to move. The situation has affected various groups—renters struggling to buy, homeowners looking to upgrade, and retirees hoping to downsize—all of which are feeling the bottleneck in the real estate sector. As of June 2024, existing-home sales dropped by 5.4% from the previous year, with the median sale price reaching $426,900, the highest ever recorded.
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.
HomeEquity Bank , the leading reverse mortgage lender in Canada , recently conducted a survey and found that the country’s retirees ages 75 and older were generally happier with their lives than workers in their 50s who are approaching retirement. “According to the findings, 95% of Canadians 75 and older said they are very or somewhat satisfied with their lives, compared to just 79% of Canadians in their 50s,” according to the report.
The 1990s are back in style. Big pants, Nirvana t-shirts, and Doc Martens. And even the housing market feels a bit like the ’90s. Let’s talk about it. UPCOMING SPEAKING GIGS: 10/18/24 Prime Real Estate (private) 10/22/24 Culbertson and Gray Group (private (I think)) 10/23/24 SAFE Credit Union (details TBA) 10/29/24 Orangevale MLS Meeting 11/7/2024 […] The post The housing market has ’90s vibes first appeared on Sacramento Appraisal Blog.
David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S. Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego last week. He emphasized the important role that the public-private partnership between the industry and HUD represents for the constituency served by these loan products.
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.
REcolorado has taken a big step toward moving on from its controversial sale earlier this year. The Denver -area MLS has named a new CEO in Dana Bennett, who returns to REcolorado after an 18-month stint away from the company. Bennett’s most recent role at the MLS was as vice president and chief business development officer, and she originally joined REcolorado as director of integrated solutions in 2012. “Dana brings the ideal combination of local market expertise and strong industr
As localities across the country wrestle with housing shortages, one Massachusetts town will make its case to a panel of judges next week to argue against a plan that requires the construction of more multifamily units, according to reporting by USA Today and state records reviewed by HousingWire. As part of the broader community operating within the service area of the Massachusetts Bay Transportation Authority (MBTA), the affluent Boston suburb of Milton — with a population of roughly 29,000 p
Mortgage lenders who share their stories with borrowers and teammates are better able to create strong relationships, retain leads, recruit top talent and even drive revenue, a report from mortgage advisory firm STRATMOR Group shows. In the report, “ Once Upon a Mortgage: Building Relationships Through Storytelling ,” Mike Seminari, customer experience director for STRATMOR Group, shares his own journey—from aspiring musician to mortgage industry and customer experience expert—to illustrate how
Top Agent Network (TAN) is not backing down in its antitrust lawsuit against the National Association of Realtors (NAR). After being dismissed with prejudice in 2021 after a lower court ruled that TAN failed to state a claim with prejudice in its third amended complaint, the plaintiff appealed the ruling to the Ninth Circuit Court of Appeals. In August 2023, the appeals court chose to vacate the lower court’s ruling by ruling that the allegations made in TAN’s suit were nearly identical to tho
Fidelity National Financial (FNF) has acquired the commercial operations of First Nationwide Title Agency (FNTA), a division of AMT Commercial Title Services and a subsidiary of AmTrust Financial Services, for an undisclosed sum. FNF is a provider of title insurance and transaction services to the real estate and mortgage industries and a provider of insurance solutions serving retail annuity and life customers and institutional clients through its majority-owned, publicly traded subsidiary F
OptifiNow announced the implementation of its high-tech customer relationship management (CRM) platform with nonqualified mortgage ( non-QM ) lender Arc Home LLC on Tuesday. The platform offers a new broker scoring system designed for better account management and a tagging system to improve email marketing campaigns. The CRM company launched in 2016 to provide third-party origination (TPO) mortgage lenders with account management, sales and email marketing through its software-focused approach.
Rocket Mortgage and Annaly Capital Management have entered into a subservicing agreement under which Rocket will handle all servicing and recapture activities for a portion of the mortgage servicing rights held by Annaly. Terms of the deal were not divulged. Annaly holds nearly $75 billion in assets invested across its Agency MBS, Residential Credit and MSR strategies.
Around every corner, someone wants appraiser’s to buy their technology. We get techhype – buy our wonderful. “Prove your adjustments.” “Bulletproof your reports.” Technology of computers and especially software. “Buy our most clever delivery product.” We started with electric typewriters and adding machines. Then calculators (like the hp12c) and fast dot-matrix printers. […] The post Technology: Buy or Sell?
Following the previous week’s surge in applications for refinances , total mortgage application volume fell 1.3% during the week ended September 27, as mortgage rates crept back up slightly, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Overall, mortgage application volume remains historically low so decreases and increases in volume should be viewed in that context.
New CEO Nykia Wright told NAR's board of directors the trade group's next step will be to develop a "comprehensive" litigation strategy and size up any additional legal exposure related to its rules.
The Market Composite Index, a measure of mortgage loan application volume by the Mortgage Bankers Association’s (MBA) weekly survey, rose 18.4% month-over-month on a seasonally adjusted (SA) basis, driven primarily by a surge in refinancing activity. Compared to September 2023, the index increased by 47%. The Market Composite Index which includes the Purchase and Refinance.
Although it's a wholesaler that doesn't work directly with consumers, UWM has rolled out AI tools this year to help mortgage brokers serve both homebuyers and homeowners who might benefit from refinancing.
As a landlord, you probably already know that taxes are unavoidable, but that doesn’t mean you can’t minimize them and keep more of your hard-earned cash.
Communities are just beginning a long road to recovery. Reference this list of resources to learn where to donate money or supplies or sign up to volunteer.
Two-and-a-half hours from Seattle, Quincy has become the top Airbnb destination in the US. The 8,225-person town is known for its wineries, music and outdoor attractions.
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