Housing Wire

FEBRUARY 15, 2024

As a result, the docket was listed as closed as of Thursday morning before being reopened at midday. These settlements are largely not new developments and Plaintiffs make no showing of hardship or inequity if they were required to go forward with their case against the HomeServices Defendants.”

Closing 447

Closing MLS Brokerage As-is 447

Housing Wire

DECEMBER 18, 2023

The Federal Communications Commission (FCC) last week released a new order amending its “express consent” rules for the Telephone Consumer Protection Act (TCPA), which closes the “lead generator loophole” used by mortgage professionals to connect with potential business leads. We now have a time clock of about six months.

Closing 459

Closing Mortgages Industrial Loan Officer 459

Housing Wire

JANUARY 9, 2025

Williams: By the numbers Farm area: Virginia Beach Deals closed in year one: 2 Deals closed in year two: 24 Number of agents on his team: 15 Number of social media followers: 26,000 Favorite real estate software: kvCORE Favorite script: LPMAMA Embrace the cringe Think youre going to become an overnight sensation on Instagram?

Closing 370

Closing VA loan Agents Loans 370

Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. The original effective date as announced last fall remains in effect, which will be April 29, 2024.

Closing costs 488

Closing costs Development Equity Closing 488

Housing Wire

OCTOBER 27, 2023

Since 2015, ALTA has provided education through Home Closing 101, a consumer-focused website that provides information about the closing process, how they can protect their property rights, how to file a claim, and how to find a title company. Closing on a loan can vary from state to state, and even within the same county or city.

Title 511

Title Title search Land Closing 511

Housing Wire

MARCH 11, 2024

Lorraine is a powerhouse in the Manhattan luxury scene, boasting almost two decades of expertise and Kathy is synonymous with excellence and her extensive knowledge of Manhattan luxury and new developments across the city makes her an unstoppable force,” Kevelyn Guzman, regional vice president of Coldwell Banker Warburg, said in a statement.

Development 458

Development Brokerage Banks Agents 458

Housing Wire

MARCH 7, 2024

Biden will also call for “lower homebuying and refinancing closing costs and crack down on corporate actions that rip off renters,” according to the White House announcement. The mortgage relief credit would provide “middle-class first-time homebuyers with an annual tax credit of $5,000 a year for two years,” according to the announcement.

Construction 535

Construction Closing costs Renovation Title 535

Housing Wire

NOVEMBER 15, 2024

The promotion applies to select homes in various housing developments across multiple cities. Magnolia Ridge, one of the participating housing developments in the Greater Houston deal, is offering $7,500 to $7,500 off select homes , with a few of the homes seeing prices drop from $289,200 to $244,990 and $248,590 to $239,990.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

DECEMBER 5, 2024

Without accountability, even the best leads won’t translate into closed deals. Step 4: Develop a recruitment and retention strategy Attracting and retaining top talent is critical to scaling your team. Step 4: Develop a recruitment and retention strategy Attracting and retaining top talent is critical to scaling your team.

Development 370

Development Technology Closing Agents 370

Housing Wire

AUGUST 15, 2024

Department of Housing and Urban Development (HUD), last week filed a slew of new documents in their court case against Texas Capital Bank (TCB). Attorneys for the U.S. government, working on behalf of Ginnie Mae and the U.S. The first filing made on Aug.

Bankruptcy 466

Bankruptcy Banks Development Loans 466

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.

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

JULY 18, 2024

It is our team’s job to understand how LeadingRE can best support them, which may mean recommending specific courses from our Institute learning platform, introducing technologies from a Solutions Group provider, engaging them in our commercial real estate program, or helping them build new development business through Destinations by LeadingRE.

Industrial 440

Industrial Commercial Brokerage Development 440

Housing Wire

AUGUST 29, 2024

Additionally, urbanization is closely linked to the concept of “aging in place,” where more individuals choose to remain in urban areas as they age, necessitating housing solutions tailored to their specific needs. Urbanization is rapidly transforming cities worldwide. By 2050, it is projected that 90% of the U.S. rose 37.5%.

Development 459

Development Renovation New Construction Land 459

Housing Wire

APRIL 10, 2024

In its March Supervisory Highlights, the FDIC stated that many institutions have developed policies and procedures to ensure sufficient mortgage broker services are provided in order to receive compensation , which was the first of a two-part test.

Banks 447

Banks Brokerage Mortgages Loans 447

Housing Wire

JANUARY 7, 2025

Detroit follows close behind at 52.9% Ohio is projected to experience statewide population declines in 74 of 88 counties over the next 25 years, according to the Ohio Department of Development. Detroit Mayor Mike Duggan has expressed intentions to invest in the city’s housing development efforts for years to come.

Development 418

Development Banks Closing Mortgages 418

Housing Wire

JUNE 17, 2024

Abarca will lead loanDepot’s loan processing, underwriting and closing operations, which in the first quarter of 2024 were responsible for closing $4.6 loanDepot recorded a non-GAAP adjusted net loss of $38 million in first-quarter 2024 and is expected to soon close an extension of its debt that is currently due at the end of 2025.

Lending 447

Lending Mortgages Banks Closing 447

Housing Wire

OCTOBER 25, 2024

Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Many investors prefer to close in the name of an LLC. Close one loan for a real estate investor and you have a repeat client for life!

Investor 448

Investor New Construction Construction Loans 448

Housing Wire

JANUARY 8, 2025

Mortgage and title clients are undergoing a significant transformation with the shift from Encompass Software Development Kit (SDK) to Encompass Partner Connect (EPC). It offers order management, instant title reports, closing agent management, and digital closing capabilities. But thats where GridBase comes in.

Technology 364

Technology Title Lending Development 364

Housing Wire

JANUARY 26, 2024

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) issued a management alert this week, saying that the department has struggled to identify and prevent “improper payments” related to its programs for 11 consecutive years. billion in FY16 to $45.3 billion in FY23, which is 67.5% We had almost 2,000.”

Development 435

Development Closing As-is 435

Housing Wire

MAY 15, 2024

Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption. And it’s been filling it increasingly efficiently over the last couple of years and has plans to continue to do so. Morgan and Saluda Grade.

Equity 491

Equity Loans Investor Mortgages 491

Housing Wire

FEBRUARY 27, 2024

Ironic, isn’t it, that an industry purposed to help consumers achieve arguably the most important financial transactions of their lives has a tough time keeping them close? Last year, Floify commissioned an independent study of 150 high-performing loan originators (LOs) to gain recruiting and retention insights.

Finance 448

Finance Technology Loans Industrial 448

Housing Wire

JUNE 21, 2024

The Federal Housing Finance Agency (FHFA) on Friday announced that it has given conditional approval for Freddie Mac to begin purchasing closed-end second mortgages through a pilot program. The pilot program includes several limitations to the types of loans the government-sponsored enterprise will be allowed to purchase.

Mortgages 459

Mortgages Equity Closing Loans 459

Housing Wire

JANUARY 10, 2025

Finance of America has a significant Southern California community of employees, partners, and borrowers, so this is close to home, said Ashley Smith, the company’s senior vice president of brand communications. Please be safe. The situation in Los Angeles is heartbreaking.

Industrial 395

Industrial Mortgages Loans Finance 395

Housing Wire

JUNE 11, 2024

Department of Housing and Urban Development (HUD) has terminated the Federal Housing Administration (FHA) direct endorsement approval for Open Mortgage in Iowa. “HUD Open Mortgage’s termination is based on the “poor performance” of these loans, HUD stated. The effective termination date is May 20.

FHA loan 475

FHA loan Mortgages Loan Officer Loans 475

Housing Wire

NOVEMBER 19, 2024

Since a Fed president makes this claim, it’s worth examining the data closely as he and his staff should be able to see the same housing data we are all looking at. A lower Fed funds rate can assist with land purchases and apartment construction, but that process would take considerable time before we see any development.

Construction 539

Construction Mortgages Land Sales 539

Housing Wire

SEPTEMBER 9, 2024

million in cash paid on the closing date, $1.5 This acquisition furthers our long-term plan of developing a full-service commission-free homebuying and financing technology platform powered by our proprietary AI technology and dedicated professionals,” Brent Miller, chief financial officer of reAlpha, said in a prepared statement.

Brokerage 453

Brokerage Mortgages Technology Branding 453

Housing Wire

JULY 1, 2024

On Friday, the Anthony Lamacchia -helmed firm announced that Atallah had recently joined Lamacchia Realty as its new senior vice president of business development. Prior to joining Lamacchia Realty, Atallah served as senior vice president of sales, development and M&A at Anywhere since May 2023.

Brokerage 448

Brokerage Development Sales As-is 448

Housing Wire

JULY 11, 2024

He was previously an agent who pounded the phones to develop his business. According to the company, he closed 24 deals that were purely generated by cold calling. OpenHome is a platform for managing open-house visitors, with the goal of progressing these leads into closed sales.

Technology 434

Technology Land Design Agents 434

Housing Wire

OCTOBER 23, 2024

Do you closely analyze your competitors on major projects like this and, if so, what have you learned in this instance? At Rate, we don’t necessarily track or follow our competitors’ moves closely. Throughout the development process, we worked hand in hand with our staff to develop and perfect it.

Mortgages 435

Mortgages Technology Loans Development 435

Housing Wire

JANUARY 10, 2024

Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology. Through Blue Sage DSP, lenders will be able to close loan transfers, process individual and batch payments, onboard loans as well as collect payments, the company said.

Lending 448

Lending Loans Technology Investor 448

Housing Wire

JULY 1, 2024

Over the last 15 years, we have developed close relationships with the communities that we serve,” Higgins said in a statement. “We Mark has assembled and developed a highly respected group of real estate professionals who share the same values of collaboration and community. This is Ray’s second acquisition in less than a year.

Title 426

Title Brokerage Development Closing 426

Housing Wire

JANUARY 8, 2025

Most people didnt notice this growing lock-in effect as it was developing in the mid 2010s, but it was well under way. In 2025, we expect unsold inventory of homes on the market to get very close to the 2018 levels. Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016.

Mortgages 488

Mortgages Finance Loans Equity 488

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? That’s probably why so many title and closing firms have tried their hand at CRE business in the effort to diversify. CRE firms are also suffering through the highest interest rates seen in years.

Commercial 448

Commercial Brokerage Due diligence Title 448

Housing Wire

OCTOBER 7, 2024

The holistic approach: A paradigm shift in quality control The traditional view of QC as a post-closing audit function is rapidly becoming obsolete. ” This approach involves analyzing data from post-closing reviews to inform pre-funding discretionary sampling.

Lending 459

Lending Mortgages Technology Loans 459

Housing Wire

APRIL 9, 2024

In the meantime, Rocket developed its patented platform, which the lender claims relies on more than 10 petabytes of proprietary data, 50 million annual call transcripts, deep learning, and generative AI systems. The lender says the technology allows the company to close loans 2.5 times faster than the industry average. “By

Loans 486

Loans Technology Mortgages Finance 486

Housing Wire

MARCH 5, 2024

Department of Housing and Urban Development (HUD) determines how much principal a lender can provide a borrower. NOTE RATES For calculating accrued interest and the growth of the principal limit after closing, HUD requires lenders to use short-term rates (generally tied to the 1-year CMT). With a HECM loan, the U.S.

Principal 458

Principal Mortgages Loans Equity 458

Housing Wire

MAY 23, 2024

This is why the rest of the year will be critical: as the builders begin to close on the construction of homes that are under construction, they will be less inclined to issue more permits. Census Bureau and the Department of Housing and Urban Development. While that was happening, we also had 5-unit permits expand as well.

Sales 496

Sales Marketing Construction Residential 496