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According to a recent Redfin study, housing prices and mortgage rates are still high, and home sales are at their weakest pace since the pandemic began. Not only are properties selling more slowly, but there are also fewer residences being turned over. Prospective buyers have been cautious because theyve seen homes sitting on the market and theyve heard interest rates and prices may drop.
The title entity of Planet Financial Group has a new leader. On Thursday, Planet announced the hiring of Ken Quantie as its new senior vice president of KeyLink Title. In this role, Quantie will work to expand KeyLinks residential and commercial title offerings, making them available to outside financial services entities by the end of first-quarter 2025.
ATTOM has released its Q4 2024 U.S. Home Equity & Underwater Report , which shows that 47.7% of mortgaged residential properties in the U.S. were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. That level was down slightly from 48.3% in Q3 of 2024, and from a recent peak of 49.2% in the prior three-month period.
PennyMac Financial Services Inc. reported Thursday that it earned $104.5 million in net income during the fourth quarter of 2024 on revenue of $470.1 million. It’s an about-face for PennyMac after it posted a net loss of $36.8 million in Q4 2023. For 2024 as a whole, the California -based lender earned a profit of $311.4 million, up from $144.7 million in 2023.
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.
Court documents lay out the details of the landmark Sitzer/Burnett settlement, including whos in (covered parties and opt-ins) and sellers who opted out.
I was 19, tired of long hours at Beau Jos Pizza, and ready to invest in my future. Thats when I came across a real estate investment series on VHS by Carlton Sheets (remember VHS?). Little did I know this class would change the entire trajectory of my life. It inspired me to get my real estate license and pursue a career in real estate. Just a few years later, I was breaking sales records, and at age 27, I was on the cover of Realtor Magazines 30 Under 30.
I was 19, tired of long hours at Beau Jos Pizza, and ready to invest in my future. Thats when I came across a real estate investment series on VHS by Carlton Sheets (remember VHS?). Little did I know this class would change the entire trajectory of my life. It inspired me to get my real estate license and pursue a career in real estate. Just a few years later, I was breaking sales records, and at age 27, I was on the cover of Realtor Magazines 30 Under 30.
Evergreen Home Loans , which is based in Washington state and has a presence in seven Western states, announced a major expansion of its footprint on Friday. The company has also hired John Porath as its new regional manager to oversee business in Florida , Georgia , North Carolina, South Carolina and Tennessee. “I’m thrilled to have someone as talented as John leading our new Southeast Region,” Robert Lipston, executive vice president for Evergreen Home Loans, said in a statem
With the national median payment requested by purchase applicants falling to $2,127 from $2,133 in November, homebuyer affordability improved marginally in December. This is in line with the Mortgage Bankers Association s (MBA) Purchase Applications Payment Index (PAPI), which uses information from the MBA Weekly Applications Survey (WAS) to calculate how new monthly mortgage payments change over time in relation to income.
An aging-in-place technology platform recently secured a $35 million funding round, which it hopes to use to expand its existing partnership portfolio while also aiming to enter the Medicaid market. The Helper Bees is a platform that connects older adults to a network of non-medical products and services, according to the company. It is designed to make it easier for payers to offer these essential services directly into the home addressing critical needs such as in-home caregiving, home modifi
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.
Home prices basically stabilized nationwide in the fourth quarter and as a result, home equity gains dipped sightly. However, as per ATTOMs fourth quarter 2024 U.S. Home Equity & Underwater Report , 95% of homeowners continue to have property wealth built-up and only a smallportion of homeowners are seriously underwater on their mortgages. The report shows that 47.7% percent of mortgaged residential properties in the U.S. were considered equity-rich in the fourth quarter, meaning that the
Forecasting and advisory services firm iEmergent has released four new market intelligence dashboards that make it easy for lenders to slice, visualize, export and share historical and forecasted loan production, real estate listing and demographic data. Powered by iEmergents award-winning market intelligence platform, MortgageMarketSmart, the new dashboards empower banks, credit unions and independent mortgage bankers (IMBs) to identify untapped mortgage lending opportunities and implement acti
The Pending Home Sales Index (PHSI), which tracks contract signings as a measure of future home sales, fell 5.5 percent to 74.2 in December, according to data released Thursday by the National Association of Realtors.
Home price growth both nationally and regionally showed signs of slowing in November, according to the Federal Housing Finance Agencys (FHFA) seasonally adjusted home price index. The index shows that U.S. home prices increased 0.3% in November compared with October and were up 4.2% compared with November 2023. The agencys previously reported 0.4% price growth in October was revised upward to 0.5%.
Led by Tony and Brooke Clement or RE/MAX Properties and Scott and Traci O'Connor of RE/MAX Advantage, the newly combined firm brings over 65 years of real estate expertise.
Ken Quantie has joined Planet Financial Group as senior vice president heading up the firms KeyLink title entity. Prior to joining KeyLink, Quantie was president of UTB Title. He has also held senior positions at Carrington Title Services, SolutionStar Settlement Services, Chronos Title Solutions, Brightline Title, Closings & Escrow, and Selene Title, LLC.
AI disruptors, evolving social media algorithms and new content formats are changing real estate marketing. Jessi Healey breaks down the latest trends and how agents can adapt to stay ahead.
Open to all mortgage lending and servicing professionals, GSEs, government entities, and Legal League members, Legal Leagues 2025 Spring Servicer Summit , set for Tuesday-Wednesday, March 25-26 at the Hotel Crescent Court in Dallas, Texas will feature the nations elite financial services law firms to discuss default policies, procedures, and emerging issues with leading mortgage servicing executives.
Inman Connect San Diego keynote and skateboarding icon Tony Hawk appeared on SoFi's Richer Lives podcast and shared how his first home purchase saved his family during a financial dry spell.
They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future sales. The ability to do an appraisal for Fannie Mae or Freddie Mac is getting rarer these days now that the GSEs are waiving appraisals on the majority of transactions. Despite drones being everywhere and the GSEs being in receivership, the latter is desperate for higher loan volumes to feed their origination infrastructure.
Dive into the latest **Winter Real Estate Trends in Massachusetts**! In this insightful video, we explore how the colder months can actually benefit both buyers and sellers in the real estate market. With fewer properties available, sellers can shine amid reduced competition, while serious buyers often seek quick transactions driven by urgent needs.
Personal income increased by 0.4% in December, following a 0.3% rise in November and a 0.7% gain in October, according to the latest data from the Bureau of Economic Analysis. The gains in personal income were largely driven by higher wages and salaries. However, the pace of personal income growth slowed from its peak monthly.
Mike Morgan Honored with The Impact Award at Boston Childrens Hospital Night of Stars Boston, MA 01/30/2025 We are thrilled to announce that Mike Morgan , Acquisition Support Manager at Lamacchia Realty, has been honored with The Impact Award at the Boston Childrens Hospital Night of Stars reception for his unwavering dedication to helping others and making a meaningful difference in the lives of children, families, and those in need.
Newz: DEI and Appraisers, New GSE Market Analysis Deadline Feb. 4 January 31, 2025 Whats in This Newsletter (In Order, Scroll Down) LIA AD: Weather Impact What is the Cost Approach to Real Estate Appraisal? Unparalleled 3-Mansion Compound on Miamis Exclusive Palm Island Splashes Onto the Market for $150 Million DEI and Appraisers Fannie and Freddie Forecasts Fannie, Freddie: New Market Analysis Requirements February 4th Mortgage applications decreased 2.0 percent from one week earlier —
HOW TO ASSESS A PROPERTY'S HURRICANE RISK BEFORE MOVING Moving to a new home is a significant decision, and understanding potential risks is essential to make an informed choice. For those considering a move to a hurricane-prone area, assessing a propertys hurricane risk is a key step in ensuring your safety and protecting your investment. You can make a smart and confident decision by evaluating the propertys location, construction features, and local resources.
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