Housing Wire

MAY 1, 2024

In light of the jury verdict in the Sitzer/Burnett suit and the terms of the National Association of Realtor’s nationwide settlement agreement of the commission lawsuits , several prominent industry analysts believe Zillow will struggle with its financial performance. This is a positive evolutionary step for the industry,” Barton added.

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Housing Wire

MARCH 20, 2024

Reverse mortgage industry veteran Tane Cabe recently left his position at Fairway Independent Mortgage Corp.’s Cabe has similar feelings as his colleagues in different parts of the country, and he is generally optimistic about the state of the industry in early 2024. Tane Cabe “C2 is a good place for me to hang my license,” he said.

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Housing Wire

FEBRUARY 23, 2024

Industry experts say that although there’s a correlation between unemployment and delinquency rates, some homeownership costs — including insurance — have increased significantly over the past two or three years, which has had a strong financial impact on homeowners.

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Housing Wire

MARCH 18, 2024

Like Danzey, Edgerton has heard many concerns from agents across the industry, much of which has been centered around the timeline laid out in the settlement. Everyone in the industry has experience with negotiation and is pretty good at it, but there are new and different pathways opening up for negotiation.

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Housing Wire

MAY 7, 2024

So, what exactly does this mean for the industry? Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% in Q4 2023, the highest number we’ve seen since 2009. This is a true testament to the care, commitment and passion brokers across the country have for their borrowers.

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Housing Wire

APRIL 12, 2024

There is little evidence so far that AI can fundamentally transform our industry in the next 5-10 years — there are too many structural and regulatory impediments for that to be the case,” they wrote. “I They argue that understanding the technology is imperative when choosing a specific tool to deploy. “In trillion in 2032.

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Housing Wire

APRIL 16, 2024

However, with many agents feeling uncertain about their futures, a potential mass exodus from the industry may be looming. Agents exhibit a tendency to weather the storm for some time or await the expiration of dues obligations before making industry exits.

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Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

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Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. There is an agreement but what about approval?

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Industrial MLS Brokerage Agents 475

Housing Wire

FEBRUARY 26, 2024

“I am honored to be considered for this role. (…) I look forward to guiding my team as we set the pace to transform the residential real estate industry,” Greene said in a statement. Greene began his tenure at CoreLogic in 2016, where he held key roles in strategic leadership and sales capacities. Army veteran.

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Housing Wire

FEBRUARY 23, 2023

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. As an industry, our commitment to protection goes beyond title insurance policies. As an industry, we united against these unfair fee agreements.

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Housing Wire

MARCH 8, 2024

Despite the protests of the title insurance industry, Fitch Ratings does not believe the lender title insurance waiver pilot program for certain refinance transactions announced by the Federal Housing Finance Agency (FHFA) on Thursday will have an impact on title insurer ratings. Soham Bhonsle, an analyst at BTIG, shares a similar outlook.

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Housing Wire

SEPTEMBER 12, 2023

MBA cannot control macroeconomic forces, but what we can do is make sure the actions of policymakers help our industry instead of hindering it at a crucial time,” Broeksmit said at the organization’s Compliance and Risk Management Conference this week in Washington, D.C. MBA is also looking ahead to a U.S.

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Housing Wire

OCTOBER 5, 2023

We’re absolutely thrilled to welcome an industry veteran back into the Compass fold. As Compass looks to strengthen its presence in Northern California , it is welcoming back a familiar face. The Robert Reffkin -helmed firm is welcoming back Bob Gerlach, who retired from the brokerage in 2021, according to an announcement on Wednesday.

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Industrial Brokerage Agents Sales 445

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

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Industrial MLS FHA loan Agents 448

Housing Wire

FEBRUARY 22, 2024

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. Mr. Cooper Group , loanDepot , First American and Fidelity National Financial Inc. Training their workforce is also crucial, they said. It’s already been in the cloud.

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Industrial Mortgages Investor Technology 459

Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If If the costs associated with homeownership and buying a home at a macro level is coming into question, it is hard to imagine that, that doesn’t bleed into settlement services,” Frasier said.

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Title Industrial Purchase and sale agreement Agents 445

Housing Wire

AUGUST 9, 2023

We are hiring right now, whereas the industry as a whole is continuing to cut back on capacity,” Mat Ishbia, chairman and CEO, said in a statement. billion in mortgage loans in the second quarter of 2023 “despite a historic decline in industry-wide origination volume during 2023,” according to Ishbia. UWM originated $31.8 UWM had $294.9

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Inman

JANUARY 24, 2024

The founder of The Agency is part of a team launching the American Real Estate Association as NAR continues to face criticism and legal trouble.

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Housing Wire

NOVEMBER 6, 2023

Patricia “Patti” Cook , who broke the glass ceiling in the mortgage industry during a successful 45-year career , died on Friday at her home in New York. She was 70 years old. Cook retired as CEO of Finance of America in June 2022 to focus on her health. In 2016, Cook joined Finance of America and took the company public.

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Industrial Mortgages Finance As-is 445

Housing Wire

MARCH 20, 2024

Reserved outlook In contrast to the upbeat mood that mortgage professionals showed back in December when the Fed first signaled interest rate cuts for 2024, the industry doesn’t expect a meaningful impact on production volume despite the three rate cuts expected for this year.

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Housing Wire

OCTOBER 12, 2023

As existing-home sales continue to slide and mortgage rates rise ever higher, all but eliminating any hope for refinance transactions, the title insurance industry is doubling down on technology. At the forefront, is artificial intelligence , or AI. So, what that means is, that we have to invest in building intentional expertise.”

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Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance.

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Industrial Banks Residential Lending 391

Housing Wire

APRIL 17, 2023

Some say that the nearly 150-year-old title industry has a difficult time adapting and evolving. However, the title industry has proven these critics wrong over the past decade, and importantly, it has done so without leaving homeowners vulnerable to unnecessary risks. Innovation should be encouraged across the real estate industry.

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Housing Wire

MARCH 11, 2024

I have been in the mortgage industry for more than two decades and have been working with reverse mortgages for about 12 of those years. Working in this space for so long, I thought I knew the ins and outs of a reverse mortgage, but it wasn’t until I experienced one firsthand that some things really hit home for me.

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Industrial Mortgages Loans Lending 479

Housing Wire

NOVEMBER 27, 2023

Mortgage rates have pulled back in recent weeks giving consumers and loan originators some breathing room, but headwinds in the industry are far from over. The industry would need to see a more persistent mortgage rate decline to near 6% for a more meaningful pickup in prepayment speeds, the note said.

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Industrial Mortgages Loans Banks 435

Housing Wire

OCTOBER 31, 2023

billion in damages, many questions still remain about what this means for the real estate industry, as the defendants still await Judge Stephen Bough’s final judgment. It found the National Association of Realtors , HomeServices of America and Keller Williams guilty of collusion to maintain high commission rates.

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Industrial Design Agents Brokerage 495

Housing Wire

JANUARY 20, 2023

An industry downturn is when leaders find out the real capabilities of the companies they have built. In the title industry , like the rest of the home finance industry, the real dangers are high operating costs that come from inefficiency. For years now, executives seeking efficiency were steered to new automation.

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Housing Wire

JANUARY 18, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with Jim Butler, chief technology officer at Stavvy , to talk about moving real estate from paper to a digital transaction, how the company is using AI, and the vibe you get working with industry experts. JB: What we’re doing today with AI is more horizonal than industry specific.

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Housing Wire

JANUARY 23, 2024

He will also join Xome’s executive leadership team, reporting to Mike Rawls, chief executive officer of Xome since Jan. Jansta joins Xome from Altisource , where he served for two years as the chief marketing officer.

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Industrial Title MLS Technology 448

Housing Wire

AUGUST 9, 2022

Not many would count the title industry among the economy’s technology leaders. More than a few observers have referred to us as a mom-and-pop industry because it’s comprised of a significant number of small agencies. In fact, many title agents will proudly tell you that ours is a “traditional” industry. A tipping point?

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Housing Wire

JANUARY 25, 2024

When asked if a P&G-like approach that more regularly makes use of traditional market research tools could benefit the reverse mortgage industry, he agreed. FOA and AAG have certainly made use of market research in the past, but I think as an industry more broadly, we need to go deeper,” he said.

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Industrial Mortgages Marketing Finance 425

Housing Wire

MARCH 25, 2021

The private mortgage insurance industry also supported $600 billion in mortgage originations. The mortgage insurance industry also updated its guides and processes to align with the Federal Housing Finance Agency (FHFA) and the GSEs’ policies to implement nationwide forbearance programs. The result was approximately $1.3

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Industrial Mortgages FHA loan Finance 544

Housing Wire

FEBRUARY 24, 2023

It is crunch time in the housing industry. Whether you’ve been affected by industry layoffs or you’re future-proofing your career, applying for new positions and interviewing can be daunting. Sadly, for some organizations, that means there have been job losses and cutbacks that leave some former employees wondering, “What’s next?”

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Industrial Loan Officer Loans Branding 391

Housing Wire

APRIL 21, 2023

It’s been delayed, but that’s not enough for the mortgage industry. Mortgage industry trade groups such as the MBA say the new deadline helps, but it doesn’t fix an unworkable problem that represents both a logistical nightmare and also confusion to the customer.

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Industrial Mortgages Loans Closing 448

Housing Wire

APRIL 10, 2024

This month’s inflation reading is the last set of price data officials will see before their April 30-May 1 meeting. While officials are on track to hold rates steady at the next Federal Open Markets Committee meeting, the next inflation data, set for release on April 26, could shape the debate over what to do at the subsequent meeting in June.

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Industrial Mortgages MLS As-is 465

Housing Wire

OCTOBER 4, 2022

Even with a sharp rise in interest rates toward the end of the second quarter, the title insurance industry still recorded a relatively strong fiscal quarter, according to the American Land Title Association’s Market Share Analysis. Total operating income for the industry was down 4.2% During Q2 2022, ALTA recorded $6.21

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