Mon.Oct 21, 2024

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Judge denies Texas Capital Bank motion for summary judgment in Ginnie Mae dispute

Housing Wire

An effort seeking summary judgment in a case brought by Texas Capital Bank (TCB) against Ginnie Mae over reverse mortgage-related collateral has been denied by presiding Judge Matthew Kacsmaryk, according to a court filing reviewed by HousingWire ’s Reverse Mortgage Daily (RMD). TCB sought summary judgment in a court filing this past summer, which would have allowed the presiding judge to decide part of the case prior to a trial.

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A danger foretold: NAR’s waning dominance

Real Estate News

The DANGER Report spelled out risks for MLSs, state and local Realtor associations, and NAR — which has weathered unprecedented challenges to its authority.

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Florida has built 77,000 new homes in high-risk flood areas

Housing Wire

Since 2019, the state of Florida has built more than 77,000 new properties in areas with a high risk of flooding. This is the most among all states, according to an analysis by climate-modeling firm First Street Foundation on behalf of the The Wall Street Journal. The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said.

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NAR hit with another lawsuit over ‘forced membership’

Real Estate News

A case filed in Pennsylvania challenges membership rules and accuses associations of discriminatory treatment of minority real estate professionals.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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DOJ sues Rocket, appraisal companies over alleged discrimination

Housing Wire

Another regulator has sued Rocket Mortgage for allegedly discriminating against a Black homeowner by undervaluing her home during an appraisal in Colorado three years ago. And the Detroit-based lender believes it’s a “massive overreach.” On Monday, the U.S. Department of Justice —following a move made by the U.S. Department of Housing and Urban Development (HUD) in July—filed a lawsuit against the lender, appraiser Maksym Mykhailyna and his company, Maverick Appraisal Group ,

Mortgages 418
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NAR, 4 brokerages ask court to toss out Homie suit

Real Estate News

The defendants cite a lack of jurisdiction in the case, which alleges that NAR “controls competition” and accuses brokers of steering buyers away from listings.

Brokerage 143

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What To Expect from Mortgage Rates and Home Prices in 2025

Keeping Current Matters

Curious about where the housing market is headed in 2025?

Mortgages 233
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Mutual of Omaha granted more time to respond to Longbridge allegations

Housing Wire

Mutual of Omaha Mortgage has been given more time to respond to allegations against it in a case that accuses the lender of operating manipulative websites that skew reverse mortgage reviews in its favor. The suit, brought by reverse mortgage competitor Longbridge Financial , alleges that Mutual of Omaha operates a series of websites that are both deceptive and purportedly in violation of the Real Estate Settlement Procedures Act (RESPA) as well as guidance from the Federal Trade Commission (FTC

Lending 367
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Secure success by embracing a leadership mindset, not a position

Inman

I started my real estate career as an agent 23 years ago. Today, I consider myself fortunate to have my dream job as a director of learning for a global real estate brand. I recently helped launch the CENTURY 21 International Leadership Academy to help real estate professionals increase their leadership capacity.

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Survey shows veterans are more likely than civilians to buy homes in the next year

Housing Wire

In a housing market shaped by uncertainty, military veterans and service members are emerging as some of the most confident and prepared homebuyers, outpacing their civilian counterparts. That’s according to a recent index released by Veterans United Home Loans to measure the financial health and optimism of veterans, active-duty service members and civilians in terms of home purchase timelines and motivating factors, personal finance and their outlook for the U.S. economy.

Finance 394
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Broker files multimillion-dollar suit over ‘forced’ NAR membership

Inman

Maurice Muhammad alleges a "monopoly" by NAR, the state Realtor association and the local MLS limits competition, inflates prices, and disproportionately affects minority brokers and agents.

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Encompass by ICE Mortgage Technology: A flexible end-to-end origination solution

Housing Wire

The mortgage industry faces constant change. Regulations shift, customer needs evolve, and economic conditions fluctuate. Lenders need a loan origination system (LOS) that can keep up with the changing times. Encompass by ICE Mortgage Technology aims to provide a flexible end-to-end solution for lenders in a modern market. Encompass offers a unified platform for lenders to handle every aspect of the loan process.

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NAR asks court to dismiss lawsuit filed by discount brokerage Homie

Inman

Lawyers for NAR, HomeServices of America, RE/MAX, Anywhere and HSF Affiliates denied claims of a conspiracy to inflate commissions, arguing that Homie would have benefitted from the plot.

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Looking for clarity in the Clear Cooperation debate

Housing Wire

The controversial Clear Cooperation Policy from the National Association of Realtors continues to spark debate — for several reasons — among real estate professionals. (Image generated by AI in Midjourney) With the Aug. 17 implementation deadline for the business practice changes outlined in National Association of Realtors’ commission lawsuit settlement agreement in the rearview mirror, the real estate industry has turned its focus to a new point of contention — NAR’s Clear Cooperation Policy (

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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The Thrifty Buyer’s Guide to Getting a Great Deal on a House

HomeLight

It’s tough to get a great deal on a house when the trend is to pay over the asking price. A study from the National Association of Realtors (NAR) revealed that 25% of all buyers paid more than 100% of the asking price for their home. With this guide, we’ll help you develop a razor-sharp bargain house-hunting strategy , featuring clever ways to save and tips for spotting an opportunity in disguise.

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NAR faces new suit alleging antitrust violations, discrimination

Housing Wire

The legal woes continue for the National Association of Realtors (NAR). On Wednesday, Maurice Muhammad — the broker of Progressive Realty — filed a complaint in U.S. District Court in Pennsylvania claiming that NAR, the Pennsylvania Association of Realtors (PAR) and the Greater Lehigh Valley MLS (GLVMLS) have violated federal civil rights statutes, engaged in unlawful discriminatory practices, breached their contracts, created a monopolistic system and broken federal antitrust laws.

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How to Help a Loved One With Dementia Sell Their House

HomeLight

Learning that a parent or spouse has dementia can leave you reeling. Even if the symptoms are mild — Mom’s been losing her purse more often and missed some appointments — you know the day is coming when she won’t be able to manage her affairs or live on her own. As you contemplate her future and the cost of care, you wonder if a person with dementia can sell their home.

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The non-QM advantage: Ryan Barrus shares Acra Lending’s blueprint for broker growth

Housing Wire

In a high(er) rate environment, non-QM (non-qualified mortgage) lending continues to play an increasingly pivotal role. To explore how Acra Lending has adapted to these shifts, we sat down with Ryan Barrus, a key player in the company’s non-QM division. In this conversation, Ryan shares Acra Lending’s blueprint for broker growth, including insights on how Acra Lending navigated the pandemic, built relationships with referral partners, and developed tools that help brokers streamline non-QM

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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Tesla rented their listing — then used it to debut its humanoid robot

Inman

Jason Peteler of Revel Real Estate and Matthew Yim of Coldwell Banker only knew at first that an EV company had rented their listing for a few days as a filming location. They had no idea it would be the first home in which Tesla's Optimus Robot would be filmed.

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Inventory Watch

BubbleInfo

It would be natural to expect the number of active listings to be declining by now, but sellers are still hopeful. Of the 470 actives, there are 113 of them that have been on the market for 90+ days too (24%). Those don’t have much chance of selling this year without a drastic price reduction, […] The post Inventory Watch first appeared on bubbleinfo.com.

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Fashion Nova founder buys 2 Miami Beach homes for $30M

Inman

Richard Saghian, the founder of the California-based online fashion company Fashion Nova, has expanded his real estate portfolio with the purchase of two Miami Beach properties for $30 million, The Real Deal reported Wednesday. The acquisition includes a waterfront home at 5718 North Bay Road and a non-waterfront property at 5725 North Bay Road.

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NMHC on Apartments: "Looser market conditions for the ninth consecutive quarter"

Calculated Risk Real Estate

From the NMHC: Though the Apartment Market Continues to Loosen, Deal Flow Increases for Third Consecutive Quarter as Debt and Equity Conditions Improve Apartment market conditions showed signs of improvement in the National Multifamily Housing Council’s (NMHC’s) October 2024 Quarterly Survey of Apartment Market Conditions. All but the Market Tightness (37) index indicated more favorable conditions this quarter, with Sales Volume (67), Equity Financing (63) and Debt Financing (77) all

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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Mortgage rates bounce back to July levels on inflation worries

Inman

Another worry for bond market investors is "quantitative tightening," the Fed's program to trim its massive holdings of government debt and mortgages.

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Proposition 33 Ignites Fierce Debate Over California Rent Control Laws

Bigger Pockets

Proposition 33—a measure on this year’s California election ballot that would increase rent control laws by limiting the amount landlords can charge for rent, regardless of an apartment’s rental history, […]

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Century 21 strengthens presence in Las Vegas with 1st Priority Realty

Inman

Now operating as Century 21 1st Priority Realty, Duc Lu and his team will have access to the brand’s technology, marketing, lead generation and agent coaching tools and platforms. Lu plans to initially streamline internal operations at his brokerage before focusing on external growth.

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Making 6 Figures Investing After Quitting His $40K/Year Job for Real Estate

Bigger Pockets

What if you could not only replace but make MUCH more than your W2 salary with real estate investing? Now, imagine you could do it all in just two years.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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We Buy Houses San Mateo County: Top 5 Companies

HomeLight

Selling your home in San Mateo County doesn’t always mean making extensive repairs or a lengthy process. We Buy Houses companies offer an alternative, making cash offers for homes, regardless of the condition, selling in a matter of days. A cash sale can be beneficial if you don’t have the time, expertise, or money to tackle renovations. In this post, we’ll explore the pros and cons of working with house-buying companies in San Mateo County.

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Coldwell Banker Texas Team Is All About the Client

RIS Media

Dee Evans worked for a Texas mortgage company to help put her husband through dental school. By the time he was in practice, she had decided to take the leap into sales. She was licensed as a REALTOR® in 2003. By 2005, she was a top producer for Ebby Halliday in Rockwall, Texas, and four… The post Coldwell Banker Texas Team Is All About the Client appeared first on RISMedia.

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Daily Links: City Axes No-Bid $308 Million Contract With Brooklyn Nonprofit

Brownstoner

In the News Number of Young People Accused of Serious Crimes Surges [NYT] Groups That Run NYC Shelters Riddled With Problems: Report [NYT] Judge Changes Mind After 27 Years and Frees Brooklyn Man [NYT] Fire at ‘Game of Thrones’ Filmmaker’s Brooklyn Heights Home [Eagle] Bay Ridge House Transforms Into Haunted Halloween Spectacle [BP] Brooklyn Public Library… Read More > The post Daily Links: City Axes No-Bid $308 Million Contract With Brooklyn Nonprofit appeared first on Brownstoner.

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Better Homes and Gardens® Real Estate Launches “We Know” Campaign

RIS Media

Better Homes and Gardens® Real Estate has announced the launch of a new brand campaign and tagline, emphasizing their 99% client satisfaction rating and deep understanding of homes. This campaign further connects the trusted reputation and quality synonymous with the iconic Better Homes & Gardens media brand, which engages more than 42 million print and… The post Better Homes and Gardens® Real Estate Launches “We Know” Campaign appeared first on RISMedia.

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.