Housing Wire

OCTOBER 1, 2024

. “No person shall give, and no person shall accept any fee, kickback, or thing of value pursuant to any agreement or understanding, oral or otherwise, that business incident to or a part of a real estate settlement service involving a federally related mortgage loan shall be referred to any person.” ” 12 U.S.C.

Agents 398

Agents Real Estate Real Estate Agent Brokerage 398

Appraisal Buzz

DECEMBER 18, 2024

When a consumer applies for a mortgage, credit bureaus are notified that the consumer is interested in financing, which is referred to as a trigger lead. Senate has announced the passage of the bipartisan Homebuyers Privacy Protection Act (S. 3502) , a measure that will ban trigger leads except in limited circumstances.

Real Estate 396

Real Estate Finance Mortgage Appraisal 396

Housing Wire

DECEMBER 23, 2024

The Jason Mitchell Group and its founder, Jason Mitchell, allegedly participated by referring thousands of clients to Rocket’s companies. The lawsuit details practices including $250 “Dog Bone” gift cards awarded to agents who made the most referrals to Mitchell’s preferred partners, including Rocket Mortgage.

Real Estate 412

Real Estate Brokerage Clients Agents 412

Housing Wire

SEPTEMBER 12, 2024

Negative equity — which refers to “underwater” mortgages, or those with higher mortgage balances than the home’s value — continued to see modest declines in Q2 2024, according to the report. On a quarterly basis, the number of homes with negative equity fell by 4.2% to 1 million and now account for about 1.7%

Insurance 501

Insurance Mortgage Housing Market Finance 501

Housing Wire

SEPTEMBER 23, 2024

In that case, they can refer that individual to an agent in exchange for a portion of the commission. Agents are incentivized to refer clients to the highest bidder rather than acting purely in the consumer’s best interest. The referral fee conundrum Referral fees are a familiar practice in real estate.

Real Estate 386

Real Estate Agents Clients Advertising 386

Housing Wire

JULY 12, 2024

And the real possibility of creating efficiencies and reducing costs and maintaining what I refer to as the ‘heart of human’ definitely had my attention. And I refer to it as “from the boardroom to the break room.” SW: How does your background inform how you approach clients of BridgeAIvisory?

Design 375

Design Training Business Real Estate 375

Housing Wire

FEBRUARY 29, 2024

Through this partnership, agents will have a choice to either refer their sellers to Opendoor or represent them in deals with the iBuyer. “The Opendoor option will be part of every single one of my listing presentations going forward. You never know what someone’s going to say yes to until you ask them.”

Realty 439

Realty Agents Clients Sellers 439

Housing Wire

AUGUST 30, 2023

The recent move lower in rates is a good thing for housing “The American public just isn’t into the Fed’s housing policy,” he said on CNBC, in reference to homeowners who are not listing their property on the market. As long as mortgage rates stay near 23-year highs, Mohtashami believes we will see softness in data.

New Listings 434

New Listings Inventory Housing Market Mortgage 434

Housing Wire

JULY 15, 2024

At the first presidential debate three weeks ago, Biden included a reference to capping rent hikes at 5% but didn’t provide any details. He also said the nation would build 2 million new housing units in his second term.

Landlords 463

Landlords Property Taxes Construction Mortgage 463

Housing Wire

OCTOBER 4, 2024

As a frame of reference, in 2011, the collective level of senior-held equity sat at roughly $3 trillion. Senior homeowners were beneficiaries of the acceleration in home prices seen during the COVID-19 pandemic. By Q3 2021, it topped $10 trillion for the first time. And in Q1 2022, it exceeded $11 trillion.

Home Value 416

Home Value Mortgage Marketing Finance 416

Appraisal Buzz

APRIL 1, 2024

Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” Simply having the contemporaneous records available whenever one might need to refer back to them allows the appraiser to create an imprint memory.

Appraisal 370

Appraisal Development Modernization Marketing 370

Housing Wire

OCTOBER 24, 2024

The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes. Instead of giving up the business, the referring agent introduces the potential client to another real estate agent who is better positioned to help them.

Real Estate 332

Real Estate Real Estate Agent Agents Clients 332

Housing Wire

OCTOBER 21, 2024

The homeowner submitted a complaint to the HUD, which concluded that the defendants violated the Fair Housing Act , and referred the matter to the DOJ. After she complained to Rocket Mortgage, the company canceled her refinance application. This is the second appraisal bias case involving a top-10 lender and a powerful regulator.

Appraisal 499

Appraisal Reconsideration of Value Law Valuation 499

Housing Wire

NOVEMBER 13, 2024

Foreclosure starts — which refer to lenders that have started the process but have yet to repossess the home — tell the same story, albeit from another angle. Cleveland (one in 2,186) and Fresno, California (one in 2,247) followed close behind. Indianapolis (one in 2,293) and Las Vegas (one in 2,314) rounded out the top five.

Housing Market 438

Housing Market Real Estate Government Mortgage 438

Housing Wire

OCTOBER 30, 2023

These programs function like a modification to Fannie Mae ‘s HomeReady and Freddie Mac ‘s HomePossible programs, which allow a 3% down payment — or what lenders refer to as 97% loan-to-value (LTV) — on conventional loans.

Lending 492

Lending Retail Finance Insurance 492

Housing Wire

JULY 25, 2024

He references his past experience as an originator and cites it as a key factor behind his originator-first mindset. Collins references Lower’s previous merger with Thrive Mortgage , a Texas-based lender that rivaled Lower in terms of origination volume.

Mortgage 369

Mortgage Design Tools Marketing 369

Housing Wire

SEPTEMBER 10, 2024

In a traditional sense, the term “silver tsunami” refers to pent-up housing stock that older homeowners will eventually choose to sell, which would have the effect of flooding the market with new inventory. But if prior suppositions about this trend being overblown failed to convince people, new data might make things clearer.

Property Taxes 453

Property Taxes Inventory Real Estate Mortgage 453

Housing Wire

OCTOBER 3, 2024

Conrad is also careful to avoid referring to the NAR case as a lawsuit, instead referring to it as a series of “legal changes” that have occurred within the industry, including the rule that agent compensation can no longer be listed on an MLS.

Sellers 367

Sellers Agents Training Clients 367

Housing Wire

JULY 30, 2024

Additionally, CAR’s updated RLA form does not include any references to seller concessions. The modified forms, including the Residential Listing Agreement (RLA) and the Multiple Listing Service Addendum (MLSA), do not include offers of broker-to-broker compensation.

Sellers 403

Sellers Advertising Realtors Agents 403

Housing Wire

OCTOBER 23, 2024

Moskver referred to a key result in the survey indicating that homebuyers still want human assistance despite a growing desire for more tech. “They want the ease and efficiency of automated platforms and a borrower-friendly user interface, but they are still relying on loan officer involvement,“ Moskver said in a statement.

Mortgage 391

Mortgage Loan Officers Tools Technology 391

Housing Wire

AUGUST 5, 2024

roughly three in five — now have at least $100,000 in tappable home equity, which refers to the amount of equity they can access while maintaining a stable 20% equity “cushion.” The ICE Mortgage Monitor report for August showed that 32 million mortgage borrowers in the U.S. There are 4.6

Home Value 434

Home Value Mortgage Technology Lending 434

Housing Wire

AUGUST 12, 2024

This is according to research from the University of Minnesota as cited by the Population Reference Bureau (PRB), a private nonprofit research organization that receives funding from the U.S. Rural parts of the U.S. have roughly 35% fewer home health aides to assist their aging populations than urban areas do. Census Bureau.

Training 412

Training Insurance Investing 412

Appraisal Buzz

DECEMBER 26, 2024

Accurity understands the trust homeowners place in appraisers, which is why the Accurity team often referred to as the A-Team recognizes that a home is more than just a property; oftentimes, its a place filled with memories and meaning.

Clients 370

Clients Appraisal Real Estate Inspection 370

Appraisal Buzz

JUNE 26, 2024

These models can resemble what many people refer to as artificial intelligence as they become more complicated and incorporate more factors. Many even watch the worth of their own homes, which are produced by these algorithmic appraisal techniques, on well-known real estate websites.

Appraisal 391

Appraisal Tools Real Estate Appraisal Process 391

Housing Wire

DECEMBER 11, 2023

Often, their exit strategy was to turn them into long-term rental properties, and we have previously had to refer them elsewhere. . “Many customers at first come to us for our fix and flip loans. There was a piece of the puzzle missing,” Brendan Bennett, Upright’s vice president of revenue, said in a statement.

Real Estate 381

Real Estate Investors Investing Tools 381

Housing Wire

NOVEMBER 9, 2023

AR refers to technology that combines elements of videography with virtual reality, where a computer or smart device is used to overlay digital elements on real-world objects and/or environments. Developed using CoreLogic’s appraisal software brand “a la mode,” the tool has been used to complete roughly 20,000 property sketches.

Tools 424

Tools Appraisal Real Estate Agent Technology 424

Housing Wire

DECEMBER 17, 2024

Stebbins referred to as Pistol Pete by his colleagues was also lauded by Dan Ventura, Fairways president of reverse lending. Regulatory reforms have made reverse mortgages safer and more consumer-friendly, Stebbins said. I believe the next five to 10 years will bring even greater innovation and acceptance of this valuable tool.

Real Estate Agent 318

Real Estate Agent Lending Real Estate Insurance 318

Housing Wire

APRIL 4, 2024

When asked about the current development, attorneys for TCB referred RMD to its previous statement offered upon the case’s filing in October 2023. Department of Housing and Urban Development (HUD) may not be in office should the suit progress to trial sometime next year.

Legal 353

Legal Government Law Development 353

Housing Wire

JULY 24, 2024

Overarching mission Morales explained that the overarching goal of the group lies in the development of a MISMO reverse mortgage reference model, along with the convening of different work products to provide holistic support for reverse mortgage professionals.

Mortgage 382

Mortgage Development Lending 382

Housing Wire

MARCH 12, 2024

Among a series of profiled people who shared the stories of dividing their home in a divorce, one was 69-year-old Ryder Sollmann Wyatt, who engaged in what is often referred to as a “gray divorce.” Some blamed the house itself — maybe one that was too expensive or needed too much work — for the collapse of a fragile union.”

Business 459

Business Mortgage Clients Finance 459

Housing Wire

MARCH 1, 2024

Broeksmit‘s reference is to a fee-based repurchase program for performing loans announced in November 2023 by Freddie Mac. The goal of the alternative pilot program is to improve the quality of performing loans through a potential replacement of its current repurchase policy by defective performing loans.

Construction 443

Construction Government Finance Mortgage 443

Appraisal Buzz

OCTOBER 14, 2024

A reference pool for a credit risk transfer transaction contained around $1.35 Measured at the time of issue for both post-acquisition (bulk) and front-end transactions, Fannie Mae has obtained about $27.7 billion in insurance coverage on $928 billion in single-family loans under the CIRT program since its founding.

Insurance 396

Insurance Mortgage Business Appraisal 396

Housing Wire

FEBRUARY 16, 2024

law refer to practices that may adversely affect one group of people within a protected class more than another, even though rules applied are ostensibly or formally neutral. ” Disparate impact provisions in U.S. “Just as easily, the counseling could have been accomplished with a phone call,” he said.

Mortgage 418

Mortgage Law Logistics Transportation 418

Housing Wire

NOVEMBER 5, 2024

StorageCafe’s analysis ranked the 50 most popular moving routes based on “individual move-ins,” referring to one relocation event where an individual household from California establishes a new residence in Arizona. The census report collected data from 3.5

Real Estate 367

Real Estate Technology Business Housing Market 367

Housing Wire

NOVEMBER 19, 2024

As a frame of reference, in 2011, the collective level of senior-held equity sat at roughly $3 trillion. There was an estimated 3.97% (or $624.6 billion) increase in senior home values during the second quarter, which was offset by a 0.89% (or $20.9 billion) increase in senior-held mortgage debt. And in Q1 2022, it exceeded $11 trillion.

Home Value 397

Home Value Mortgage Sellers Finance 397

Housing Wire

MARCH 27, 2024

Following background and reference checks, three rounds of interviews, and a presentation, the committee voted unanimously to advance a recommendation to the full board of trustees to name Davids as the next foundation president,” the organization said.

Appraisal 381

Appraisal Contracts Real Estate Valuation 381

Housing Wire

NOVEMBER 11, 2024

Zillow is hoping agents refer clients to Zillow Home Loans instead of their usual rotation of loan officers from outside mortgage companies. .” If a deal closes, Zillow will collect 40% of the agent’s commission. The lead generation program is designed for top-producing agents and teams who spend thousands a month on Zillow leads.

Business 434

Business Mortgage Loan Officers Agents 434