Housing Wire

NOVEMBER 1, 2024

Today’s jobs report showed the lowest job-growth data for the year at 12,000. You would think this would cause the 10-year yield and mortgage rates to go lower. At first, this did happen, but after more digestion of the data, not only did the bond market give up all the early morning gains, but it headed higher for the day, which confused many. So, I will give you my best explanation, but I need to show all the data that came out this week.

Mortgages 508

Mortgages Residential Construction Marketing 508

Real Estate News

NOVEMBER 1, 2024

10 questions every listing agent had better be able to answer, from whether to list on the MLS or offer buy-side compensation to what goes into pricing a home.

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Housing Wire

NOVEMBER 1, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup.

Agents 448

Agents Brokerage Purchase and sale agreement Commercial 448

Keeping Current Matters

NOVEMBER 1, 2024

Even if you’re not looking to move right away, you may have questions about how the election will impact the housing market.

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Marketing Mortgages 246

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

NOVEMBER 1, 2024

HousingWire is excited to announce the honorees of this year’s Tech Trendsetters award. The Tech Trendsetters are made up of the top product and technology leaders who have been essential in bringing innovative tech solutions to market for mortgage and real estate clients. Similar to the HousingWire TECH100, which celebrates the most innovative companies in mortgage and real estate tech, Tech Trendsetters highlights the individuals who are developing cutting-edge technology and leading inn

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Technology Title MLS Development 431

Real Estate News

NOVEMBER 1, 2024

Numbers were down, but revenue declines slowed. Leadership painted a cautiously optimistic picture — and presented its point of view on Clear Cooperation.

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Inman

NOVEMBER 1, 2024

The allegations launched by two former employees claim that closing statements had been altered to bump up agent commissions, with a particular bias in favor of the Altman Brothers team.

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Closing Agents Brokerage 156

Housing Wire

NOVEMBER 1, 2024

The Consumer Financial Protection Bureau (CFPB) on Friday announced that it is seeking a settlement with Chicago-based Townstone Financial that would resolve a case over what the bureau calls “discriminatory lending practices and redlining African American neighborhoods in Chicago.” The proposed order would prohibit Townstone from taking any action that would violate the Equal Credit Opportunity Act (ECOA) and require Townstone to pay a penalty of $105,000 into the CFPB’s victims relief fund.

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Lending Finance Mortgages 391

Inman

NOVEMBER 1, 2024

On top of his first MLB World Series title, Ohtani has been crowned by Inman readers as the champion of luxury real estate for his new build with ocean views on the Big Island.

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Title Brokerage 151

Housing Wire

NOVEMBER 1, 2024

The National Reverse Mortgage Lenders Association (NRMLA) said this week that it has submitted comments to the U.S. Department of Housing and Urban Development (HUD) requesting that the agency, at minimum, align its cybersecurity reporting requirements with those of Ginnie Mae. Ideally, however, it wants the extension to be even longer. A draft Mortgagee Letter (ML) was posted Sept. 30 and is viewable on the Single Family Drafting Table , an online portal for proposed but not yet implemented HUD

Banks 386

Banks Finance Development Mortgages 386

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Brokerage

Inman

NOVEMBER 1, 2024

The proposed settlements seek to cover too many claims for too little money and let too many in the industry have a "free pass," more than a dozen homesellers argued ahead of a Nov. 26 decision.

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Industrial Brokerage Agents 145

Housing Wire

NOVEMBER 1, 2024

Deephaven Mortgage , a Charlotte-based lender focused on nonqualified mortgages (non-QM), has recently expanded its home equity offerings with a new closed-end second-lien product and the introduction of a home equity line of credit ( HELOC ). “Today’s second-lien market presents a significant opportunity,” said Tom Davis , Deephaven’s chief sales officer, in an interview during the Mortgage Bankers Association (MBA)’s Annual Convention & Expo in Denver this week.

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Equity Debt-to-income ratio Mortgages Investor 369

Inman

NOVEMBER 1, 2024

Mortgage giants Fannie Mae and Freddie Mac provided backing for $164 billion in purchase mortgages in Q3, up 10 percent from Q2, while growing combined net worths to $147 billion.

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Loans Mortgages Finance Industrial 152

Housing Wire

NOVEMBER 1, 2024

In the newest episode of the HousingWire Daily podcast , host Sarah Wheeler sits down with Freddie Mac ’s Sonu Mittal — the agency’s senior vice president and head of single-family acquisitions — to explore its recently announced alternative to loan repurchases , as well as appraisal waivers and how they address lender pain points in 2024. This interview has been edited for length and clarity.

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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

NOVEMBER 1, 2024

Hurricanes and strikes were expected to dent job creation, and bond market investors are looking ahead to next week's election, Fed meeting and government bond auctions.

Mortgages 153

Mortgages Investor Marketing 153

Housing Wire

NOVEMBER 1, 2024

In this week’s episode of the Power House podcast , host Diego Sanchez sits down with FirstTeam Real Estate CEO Michele Harrington for a provocative conversation about female empowerment, leadership in the real estate industry and recruitment strategies. This interview has been edited for length and clarity. The duo start the conversation by exploring Harrington’s path into the CEO’s role at FirstTeam.

Brokerage 362

Brokerage Branding Industrial Agents 362

Inman

NOVEMBER 1, 2024

Real Director of Marketing Md Kamruzzaman writes that in today’s crowded marketplace, even boutique buildings need a distinct brand identity to stand out and attract buyers and tenants.

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Branding Agents Marketing 148

Housing Wire

NOVEMBER 1, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO), a subsidiary of the Mortgage Bankers Association (MBA), has been developing a series of uniform technology standards that will ideally allow for the somewhat siloed reverse mortgage industry to more easily collaborate with others in the mortgage finance ecosystem. Jonathan Kearns, vice president of technology at MISMO, sat down with HousingWire ’s Reverse Mortgage Daily (RMD) at the MBA Annual Convention & Expo in Denver this

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Mortgages Technology Loan Officer Loans 361

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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

NOVEMBER 1, 2024

Blanket is property management software that centers on portfolio growth rather than reactive, day-to-day oversight of rental properties. It can do the latter, but the former makes it a unique entry to the market worth consideration for anyone who wants become a full-time landlord.

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Property Management Marketing Technology 129

Housing Wire

NOVEMBER 1, 2024

Unfortunately for the Federal Reserve and voters looking for clarity ahead of next week’s presidential election , the October jobs report paints a murky picture of the nation’s economic status. Data released Friday by the U.S. Bureau of Labor Statistics (BLS) shows that 12,000 nonfarm payroll jobs were added in October, essentially unchanged month over month.

Construction 360

Construction Residential MLS Mortgages 360

Inman

NOVEMBER 1, 2024

Investing time and effort into community involvement, The Agency's Rainy Hake Austin writes, is a powerful strategy for personal branding in luxury real estate.

Branding 143

Branding Brokerage Agents Marketing 143

Housing Wire

NOVEMBER 1, 2024

With mortgage rates moving closer to 7% once again, recent homebuyers are finding creative ways to lock in lower rates. A survey from Zillow conducted between March and September of this year found that 45% of recent buyers — half of whom bought a home in the past year and the other half in the past two years — secured rates below 5%. This comes despite rising mortgage rates and a 115% increase in the typical mortgage payment compared to pre-pandemic levels.

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Mortgages Finance Loan Officer Loans 321

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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

NOVEMBER 1, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 141

Brokerage Agents 141

Bigger Pockets

NOVEMBER 1, 2024

Real estate investing is one of the best ways to build wealth, but there’s a hidden trap that even seasoned investors fall into—it’s called poor bookkeeping practices that quietly drain […]

Investor 109

Investor Property Management 109

RIS Media

NOVEMBER 1, 2024

Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. – The Department of Justice (DOJ) filed a lawsuit against Rocket Mortgage and two separate appraisal firms in the U.S. District Court in Colorado, alleging that the firms participated in discriminatory practices that violate… The post Mortgage Mix: DOJ Sues Rocket Mortgage; GSEs Report Q3 Earnings appeared first on RISMedia.

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Mortgages Industrial 111

BubbleInfo

NOVEMBER 1, 2024

The Clear Cooperation Policy isn’t going anywhere, at least not for now: The MLS Technology and Emerging Issues Advisory Board opted not to make a recommendation about CCP or take any other action. But they did turn over the feedback they received to the NAR leadership team, who said they will consider it. Any of […] The post No Change to the CCP first appeared on bubbleinfo.com.

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MLS Technology Marketing 99

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Brokerage

RIS Media

NOVEMBER 1, 2024

This time last year, Homes.com made big waves in residential real estate. The portal announced that it had achieved 100 million unique visitors to edge into the No. 2 spot behind Zillow. And that was before their massive marketing campaign kicked off. One year later, Homes.com has clocked a series of jaw-dropping milestones, further strengthening… The post November Cover Story: Moving Past the ‘Bad Internet’ appeared first on RISMedia.

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Residential Marketing Industrial Agents 119

Bigger Pockets

NOVEMBER 1, 2024

As the U.S. anxiously awaits the outcome of the presidential election on Nov. 5, some of that anxiety is reportedly spilling over into the real estate market.

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RIS Media

NOVEMBER 1, 2024

The November issue of RISMedia’s Real Estate magazine is now available, and not to be missed are several exclusive features, including an in-depth look at the Homes.com business model of “Your Listing, Your Lead,” and how it has taken agents’ business further than before. In addition , we look at United |VPR’s record growth, open… The post The November Issue of Real Estate Magazine Is Now Live appeared first on RISMedia.

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Agents Development Industrial 111

Brownstoner

NOVEMBER 1, 2024

In the News NYC Housing Voucher Program ‘Plagued With Problems’ [NYT] Brooklyn’s Strivers and Those a Museum Spurned [NYT] Autumn in New York Has Been One of the City’s Driest Ever [NYT] In Dyker Heights, Decorations Start With Halloween [BP] Diner Lot on Wythe Avenue Has Officially Sold [Greenpointers] Greenpoint Beer and Ale Co. Closing This… Read More > The post Daily Links: Wythe Street Diner in Contract After Years in Limbo, Apartments Likely appeared first on Brownstoner.

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Closing 99

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