Housing Wire

MAY 6, 2024

Legendary investor Warren Buffett and Greg Abel, the CEO of Berkshire Hathaway Energy , addressed the commission lawsuits and HomeServices of America’s recently announced settlement of the suits, during Berkshire Hathaway’s annual shareholder meeting on Saturday. “There is no question that the industry will go through some transitions because of the settlements — ours and every other major player in the industry settled, the National Association of Realtors settled for more than $400 million ,”

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Agents Industrial Investor Sales 505

Real Estate News

MAY 6, 2024

The Berkshire Hathaway CEO, along with Vice Chair Greg Abel, spoke about the HomeServices settlement and more during the company's annual shareholder meeting.

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Housing Wire

MAY 6, 2024

U.S. home prices continued to climb in March as a persistent shortage of homes for sale helped to buoy the housing market, according to the Intercontinental Exchange (ICE) Home Price Index. And while prospective homebuyers cope with the challenges of rising housing unaffordability, existing homeowners are reaping the benefits of historically strong price gains.

Equity 497

Equity Mortgages Finance Loans 497

Real Estate News

MAY 6, 2024

Mortgage assumptions aren’t new, but they’re about to get a lot more popular because the math works for both sides of the closing table.

Mortgages 250

Mortgages Agents Closing 250

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Industrial

Housing Wire

MAY 6, 2024

Redfin has joined the growing list of real estate brokerages that have settled the commission lawsuits. In a document filed with the Securities and Exchange Commission (SEC) on Monday, the brokerage announced that it had reached a nationwide settlement agreement on Friday with the plaintiffs in the consolidated Gibson and Umpa commission lawsuits. As part of the settlement agreement, Redfin has agreed to pay $9.25 million into a qualified settlement fund within 30 days of the court’s preliminary

Brokerage 483

Brokerage Agents As-is 483

Real Estate News

MAY 6, 2024

The company is the 10th brokerage to agree to pay into a settlement fund, which is approaching $1 billion.

Brokerage 254

Brokerage 254

Real Estate News

MAY 6, 2024

Fair housing advocates and AREAA filed a suit claiming a law prohibiting property sales to certain non-U.S. citizens puts agents in an untenable position.

Agents 203

Agents Sales 203

Housing Wire

MAY 6, 2024

Finance of America Companies (FOA) announced on Monday that its reverse mortgage brands — Finance of America Reverse (FAR) and American Advisors Group (AAG) — will be consolidated under the singular Finance of America brand going forward. Scheduled to take place starting in the third quarter of 2024, the change remains subject to certain regulatory considerations.

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Branding Finance Equity Mortgages 455

Keeping Current Matters

MAY 6, 2024

Thinking about selling your house?

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Housing Wire

MAY 6, 2024

Following an announcement that the U.S. Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, the National Reverse Mortgage Lenders Association (NRMLA) and the Mortgage Bankers Association (MBA) have submitted a joint letter with their feedback.

VA loan 443

VA loan Principal Residential Loans 443

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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.

Brokerage

Inman

MAY 6, 2024

At the Realtors Legislative Meetings on Sunday in Washington, D.C., the National Association of Realtors President spontaneously fielded tough questions about the trade group's proposed antitrust settlement.

MLS 169

MLS Brokerage Agents 169

Housing Wire

MAY 6, 2024

Utah-based Capital Community Bank (CCBank) has struck a deal to acquire Security Home Mortgage (SHM), which will become an independent subsidiary division of the bank, the parties announced on Friday. The financials of the deal were not disclosed. According to the Nationwide Multistate Licensing System (NMLS), SHM provides home mortgage solutions in six states through a network of four branches and 62 licensed loan officers.

Mortgages 447

Mortgages Loan Officer Banks Equity 447

Inman

MAY 6, 2024

In 1930, the state of Texas adopted “friendship” as its motto. And while the perpetually congenial Kim Bedwell — Global Real Estate Advisor at Briggs Freeman Sotheby’s International Realty in Dallas-Fort Worth, Texas — embodies this welcoming spirit, it shouldn’t be conflated with an absence of dogged ambition.

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165

Housing Wire

MAY 6, 2024

After exiting the wholesale channel in February, top U.S. mortgage lender Fairway Independent Mortgage Corp. has decided to grow its retail footprint organically by hiring origination teams from various competitors. The company announced last week that, in April, it welcomed production teams that collectively originated more than $500 million in mortgage volume in 2023.

Loan Officer 440

Loan Officer Loans Lending Mortgages 440

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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.

Agents

Inman

MAY 6, 2024

As an agent for more than 15 years, owner of The Young Team and CEO of Fello, Ryan Young feels deeply passionate about helping agents scale their business through listings.

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Agents 168

Housing Wire

MAY 6, 2024

AI -powered real estate assistant Sidekick unveiled a partnership with the San Francisco Association of Realtors (SFAR) on Monday. The collaboration will allow the region’s 4,000 agents to leverage Sidekick’s integrated datasets and workflows, making SFAR the first association to offer a generative AI assistant to its members. Launched in November 2023, Sidekick features many functionalities, including real-time market and property data retrieval abilities, valuation analyses and a suite of prod

Brokerage 445

Brokerage Development Agents Marketing 445

Inman

MAY 6, 2024

These three market trend predictions will assist real estate agents in capitalizing on the abundant home selling opportunities available this spring.

Agents 180

Agents Marketing 180

Housing Wire

MAY 6, 2024

Representatives of the Mortgage Bankers Association (MBA) and the Housing Policy Council (HPC) are urging leaders at the U.S. Department of Veterans Affairs (VA) to delay a mandatory compliance date with the agency’s Veteran Affairs Servicing Purchase (VASP) program, which aims to prevent foreclosures against military personnel who experienced financial hardship due to the ongoing economic consequences of the COVID-19 pandemic.

Loans 438

Loans Mortgages As-is Lending 438

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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.

Agents

Inman

MAY 6, 2024

Sidekick was developed by San Francisco-based boutique brokerage Avenue 8. It primarily uses a text interface to send commands to retrieve data, execute tasks and in many ways, function as a common, “visual” interface would. It's now offered to members of SFAR.

Brokerage 162

Brokerage Development MLS Technology 162

Housing Wire

MAY 6, 2024

Rocket Companies , the parent of Rocket Mortgage , announced on Monday that it has hired Shawn Malhotra, a former Thomson Reuters and Intel executive, as the first chief technology officer (CTO) in the company’s history. Malhotra will oversee, among other areas, the firm’s artificial intelligence (AI) development, data science, product engineering, technology operations and information security.

Technology 432

Technology Development Mortgages Loans 432

Inman

MAY 6, 2024

While we like to create goals and supportive strategies several months before the end of the year, coaches Emily Bossert and Melanie Klein write, there’s no time like the present to create and benefit from a comprehensive business plan.

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Agents 155

Housing Wire

MAY 6, 2024

AnnieMac Home Mortgage appointed Ian Aubourg to the role of senior vice president of retail sales, the Mount Laurel, New Jersey -based lender announced Monday. In his new position at AnnieMac, Aubourg will tap into his leadership skills to drive growth and improve the mortgage experience for clients. Aubourg has a track record of leading successful mortgage lending teams and divisions across the Northeast region, including at Mortgage Equity Partners and Movement Mortgage.

Mortgages 400

Mortgages Loan Officer Lending Equity 400

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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.

Sales

Inman

MAY 6, 2024

Compass, The Real Brokerage, Realty One Group, At World Properties and Douglas Elliman had each already reached settlement agreements in the case, and the court has preliminarily approved those settlements.

Brokerage 152

Brokerage Agents 152

Housing Wire

MAY 6, 2024

Title agents historically have felt like they played second fiddle to other players in the buying and selling of real estate. Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

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Title Loan Officer Technology Agents 389

Inman

MAY 6, 2024

The iBuyer lost $17.5 million between January and March, according to an earnings call Monday afternoon. However, that represents a 71 percent improvement compared to a year earlier.

Technology 149

Technology Marketing 149

Housing Wire

MAY 6, 2024

The Asian Real Estate Association of America , along with the National Fair Housing Alliance , the Housing Opportunities Project for Excellence, Inc., and the Fair Housing Center of the Greater Palm Beaches , have filed a lawsuit that contends Florida Housing Law Senate Bill 264 violates the federal Fair Housing Act. The suit was filed on Monday in U.S.

Land 383

Land Principal Residential Development 383

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Brokerage

Inman

MAY 6, 2024

Homebuyers need to earn an income of more than $150,000 to afford homes in 14 out of the 50 biggest metro areas as of April, according to Realtor.com. But in San Jose, buyers must earn at least $361,000.

Marketing 148

Marketing 148

Bigger Pockets

MAY 6, 2024

If, like me, you check mortgage interest rates like an expectant parent checks their wife’s contractions, you doubtless will have analyzed every type of loan product in an attempt to inch the […]

Mortgages 131

Mortgages Loans 131

Inman

MAY 6, 2024

Qualcomm and Intel veteran Shawn Malhotra comes to Rocket from Thomson Reuters where, as head of engineering, he helped the global media giant develop a cloud-based, API-driven generative AI platform.

Development 145

Development Loans Technology Mortgages 145

Bigger Pockets

MAY 6, 2024

A mayor in handcuffs, a bankrupt city mired in poverty, unemployment, and soaring crime: 10 years ago that was Detroit’s legacy. Today, it is a real estate success story.

Investor 126

Investor 126

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.

Agents