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.

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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.

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Appraisal Reconsideration of Value Valuation Law 511

Housing Wire

APRIL 14, 2025

LTSS refers to the range of paid and unpaid services that help people with physical or cognitive impairments live independently at home, according to a summary of the study on the schools website. They say will lead to an unprecedented demand for long-term care services and supports (LTSS).

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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.

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Housing Wire

DECEMBER 30, 2024

Redfin refers to these listings as “stale inventory.” But Redfin ‘s unsold inventory report for November , released on Monday, adds a layer of concern to rising inventory. The report focuses on homes that were on the market for at least 60 days at end of the month. ” According to the report, 54.5%

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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

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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.

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Appraisal Buzz

JANUARY 2, 2025

Impact of Mom-and-Pop Investors The report highlights the significant role of small-scale investors, often referred to as mom-and-pop landlords. Despite the slowdown, lower-priced homes remain a battleground for competition between first-time buyers and investors.

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Housing Wire

OCTOBER 16, 2024

RealTrends excludes transactions such as commercial, rentals, lease, land, empty lots, and outside referred business from published totals. The RealTrends Verified City Rankings are based on the agent’s and team’s physical location, as submitted to RealTrends in the submission application.

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Housing Wire

APRIL 14, 2025

The department also reported that 83% of homeless students in 2022-23 were “temporarily doubled-up,” when referring to their current dwelling type. During the 2022-2023 school year, the cumulative statewide homeless student enrollment figure totaled 246,480, according to the California Department of Education.

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Housing Wire

DECEMBER 12, 2024

The network that Grimshaw and and Callahan reference stems from William Raveis’ affiliation with Leading Real Estate Companies of the World , a global network of 140,000 agents and 550 brokerages. Broadening our reach, we have a tremendous network supporting agents, buyers, and sellers at William Raveis,” they said in a statement.

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Housing Wire

MARCH 7, 2025

These financial agents would then be legally empowered to put a hold on suspicious spending and refer the case in question to law enforcement. The measure would train bank tellers and other bank employees; investment brokers and advisers; and others dealing with the finances of older New Yorkers, in how to spot exploitation, Newsday reported.

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Housing Wire

OCTOBER 15, 2024

Congress must pass the NDAA each year, since it refers to laws that specify the annual budget for the U.S. Senate bill introduced in December to target mortgage trigger leads, has been incorporated into the fiscal year 2025 National Defense Authorization Act (NDAA). Department of Defense.

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Housing Wire

APRIL 11, 2025

The clause, colloquially referred to as “The Ultimatum,” forbids broker partners who send loans to UWM from also doing business with Rocket Mortgage and Fairway Independent Mortgage Corp.

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Housing Wire

JANUARY 6, 2025

The capital gains tax is a federal tax that is applied when the sale of a particular asset including a home, personal items, or stocks and bonds held as investments is sold for more than [a sellers] adjusted basis, referring to the initial cost of the item being sold, according to the IRS.

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Housing Wire

DECEMBER 18, 2024

Rob Hill Platinum’s director of growth and market development, said in a statement that SunWest is “receiving a lot more than what a typical merger brings,” referring to the shared technology assets and resources through Platinum that will soon be available to SunWest agents.

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Appraisal Buzz

NOVEMBER 4, 2024

Some 80% homebuyers said they would refer their agency to others or use them again. The majority of sellers (87%) stated that they would refer their agent for future services either definitely (72%) or possibly (15%). These were the biggest down payments for first-time buyers since 1997 and for repeat buyers since 2003.

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Housing Wire

FEBRUARY 3, 2025

Department of Housing and Urban Development (HUD)s Housing Choice Voucher (HCV) program for rental assistance , widely referred to as Section 8 vouchers. The source of the financial discrepancy reportedly came from the misallocation of funds tied to U.S.

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Housing Wire

DECEMBER 9, 2024

And so I think having that opportunity to be like, I’m so glad you referred to me. Davin: It’s almost like you’re volunteering. They don’t really understand how you were getting paid. I just want to have an opportunity to sit down and chat with you about how the process works and how I’m compensated.

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Housing Wire

OCTOBER 24, 2024

That homeowner over the years has referred 10 refinancing opportunities to Sandoval. The sharks are circling now,” she said, referring to the predatory pre-foreclosure players who may try to buy at a lowball price or offer the homeowner a too-good-to-be true solution that leaves them worse off. “As

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Appraisal Buzz

JANUARY 15, 2025

HOA dues are far more common among listings for condos, rowhomes, and townhomes (henceforth referred to as condos) than single family houses, much like the divisions between new construction and existing homes. In 2024, 69.9% of newly constructed homes listed on Realtor.com had a monthly homeowners association dues, compared to 37.1%

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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.

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Clients Appraisal Real Estate Inspection 370

Housing Wire

JANUARY 24, 2025

Another 18 were referred and seven were handled via traditional mail. And about 10% of the total share of complaints were related to issues with loan closings. Of the 298 complaints, 217 were logged with the bureau online and 56 were taken over the phone. Among the nation’s top 10 reverse mortgage lenders, Onity Group Inc.

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Housing Wire

SEPTEMBER 18, 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.

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Housing Wire

APRIL 9, 2025

A majority said they’d still hire an agent who lacked experience in their local market (53%) or wouldnt provide references (51%). Despite these demands, many sellers are willing to overlook potential red flags. Sellers want premium service, but many dont vet agents rigorously, the report noted.

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Housing Wire

FEBRUARY 11, 2025

In addition to retrieving VOIE reports and pay documents from Argyle , nCino also has the capability to capture data elements like GSE Reference IDs and automatically transfer them to the lenders loan origination system (LOS).

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Loan Officers Mortgage Technology 350

Housing Wire

MARCH 6, 2025

Attorney for the District of Vermont is referring to as a grandparent scam that allegedly defrauded older U.S. A group of 25 Canadian nationals have been charged in what the U.S. citizens across 41 states. 23 of the alleged participants were arrested in Canada on Tuesday, according to an announcement by the U.S. Attorneys office.

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Housing Wire

APRIL 3, 2025

Additionally, they claimed that they had proof the defendants conducted reverse auctions to obtain their settlement agreements, which the Gibson plaintiffs have previously referred to as sweetheart deals. eXp settled the commission lawsuits with the Hooper plaintiffs for $34 million in October and Weichert for $8.5 million in November.

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Realtors Brokerage Legal Real Estate 250

Housing Wire

DECEMBER 5, 2024

She later filed a complaint with HUD , which referred the case to the DOJ. This appraisal valued the property $200,000 lower than a prior appraisal conducted less than a year earlier, despite a 25% surge in Denver home prices during the same period. There’s no reason for us to be in this lawsuit,” Emerson said.

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Appraisal Lending Clients Valuation 397

Housing Wire

APRIL 3, 2025

In court filings in the REX Homes lawsuit, which stems from Zillows adoption of IDX feeds, Zillow referred to IDX feeds as the gold standard source of listings data. In 2021 , Zillow made the switch from individual syndication agreements with brokerages to IDX feeds, allowing it to obtain data directly from MLSs.

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Housing Wire

JUNE 13, 2024

In the release, Opendoor states that My State MLS agents will have the option to refer or represent their seller in the transaction. Additionally, My State MLS agents are eligible to receive a commission on successfully closed transactions in which they refer or represent sellers.

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Sellers Agents Realty Clients 488

Appraisal Buzz

OCTOBER 24, 2024

It is worth noting that more than 75% of the respondents were first-time buyers which means they did not have a previous point of reference with which to compare their experience. When asked how responsive the lender’s online support was, more than a quarter (27%) said they were somewhat satisfied and 67% said they were very satisfied.

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Loan Officers Technology Tools Development 425

Housing Wire

MARCH 17, 2025

The referring housing counselor or attorney should make a fact-specific determination regarding each particular reverse mortgage situation. Currently, the Foreclosure Fairness Act is silent regarding the eligibility of reverse mortgages for mediation, according to program guidelines updated by the states department of commerce late last year.

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Law Mortgage HOA 350

Housing Wire

APRIL 9, 2025

The OIG recommended that HUD implement controls to prevent or mitigate instances of borrowers violating HECM program residency requirements by concurrently participating in the Voucher program, including by working with HUDs Office of Public Housing to cross-reference voucher recipient data with that of HECM borrowers.

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Mortgage Insurance Retail Legal 355

Housing Wire

MARCH 4, 2025

Mayberry is a reference to the fictitious idyllic small town of the same name depicted in The Andy Griffith Show, which aired for eight seasons in the 1960s. This is Mayberry. We dont have the traffic and we dont have the crime and we dont have (high) cost of living, either.

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Real Estate Agent Property Taxes Real Estate Development 397

Housing Wire

MARCH 11, 2025

Address them by name, and refer to their real estate goals in your communication. It can also help to refer to where and how you met. Most clients find generic, script-like communications annoying and very easy to ignore. You want to build an authentic, personal bond with the client.

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Housing Wire

APRIL 18, 2025

Bridget has become highly knowledgeable about both the HECM and our Platinum products , and is currently learning our servicing guidelines, Packer said, referring to its brand-name proprietary reverse mortgage offerings.

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Technology Mortgage Clients Legal 324