Housing Wire

MARCH 28, 2024

Florida is reckoning with a severe homeowners insurance crisis. The recent surge in both the frequency and intensity of hurricanes that have battered the state has prompted numerous insurers and reinsurers to exit the market , leaving Florida homeowners grappling with skyrocketing premiums and limited coverage options. According to the Insurance Information Institute , this exodus has resulted in Florida homeowners paying an average of nearly $4,000 a year in insurance , which is nearly three ti

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Real Estate News

MARCH 28, 2024

NAR this week sent letters asking government lending agencies to allow buyers to finance agent compensation. Thursday, it started getting answers.

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Housing Wire

MARCH 28, 2024

Pending home sales increased modestly in February despite rising mortgage rates , growing 1.6% month over month, according to the newest data released Thursday by the National Association of Realtors (NAR). NAR’s Pending Home Sales Index increased to 75.6 in February, up from 74.3 in January. On a year-over-year basis, pending sales were down 7%. For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity.

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Sales Mortgages Marketing As-is 481

Keeping Current Matters

MARCH 28, 2024

One of the biggest hurdles buyers have faced over the past few years has been a lack of homes available for sale.

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Sales 317

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

MARCH 28, 2024

When it comes to reducing cybersecurity risks, your team plays a crucial role. To ensure the safety of your digital assets and sensitive information, it’s important to make sure all users are well-informed about cybersecurity and receive periodic training. To reduce risks , we’ll explore why empowering your team through education and training is essential to mitigate risks and keep your business secure.

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Title Technology As-is Industrial 481

Real Estate News

MARCH 28, 2024

The company made the move after hearing from “numerous” privately owned companies involved in high-stakes lawsuits over commissions.

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Brokerage 272

Real Estate News

MARCH 28, 2024

The fractional ownership platform, co-founded by former Zillow CEO Spencer Rascoff, said its latest move “opens up thousands of new listings nationwide.

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228

Housing Wire

MARCH 28, 2024

The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) are asking federal housing officials to confirm their treatment of interested party contributions (IPCs) to home purchase transactions. In a letter addressed to Federal Housing Finance Agency (FHFA) director Sandra Thompson , Fannie Mae CEO Priscilla Almodovar, Freddie Mac CEO Michael DeVito, and Federal Housing Administration (FHA) commissioner Julia Gordon on Wednesday, the NAR and MBA wrote that it was impor

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VA loan Closing costs MLS Loans 473

Real Estate News

MARCH 28, 2024

Judges heard from both defendants and plaintiffs on Thursday who spoke about the “burdensome” nature of consolidation and the local nature of the cases.

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Housing Wire

MARCH 28, 2024

Mike Kortas and Mat Grella, the longtime owners and co-founders of America’s largest mortgage brokerage, NEXA Mortgage , are in negotiations to end their partnership. In the meantime, Kortas announced during a weekly Town Hall on Tuesday that company president Grella had been terminated, which means he will not be involved in the company’s daily operations or strategic decisions for the growth of the business.

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Mortgages Loan Officer Brokerage Lending 467

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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

MARCH 28, 2024

As Better reports $543 million 2023 loss, CEO Vishal Garg says the company has made fundamental changes to its business model that will help it pivot to providing purchase loans to homebuyers.

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Agents Mortgages Loans Finance 194

Housing Wire

MARCH 28, 2024

One of the most critical moments in any race is the very beginning. A mistake at the start can snatch away a win before the race is even underway. Any coach will tell you that springing into action the moment the shot is fired is a critical success factor for any athlete. A race is a useful analog for the mortgage business, especially as it relates to the refinance business.

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Mortgages Technology Loan Officer Loans 481

Inman

MARCH 28, 2024

Even before the courts resolve how agents are compensated, the National Association of Realtors has an opportunity to set a course for victory, Inman founder Brad Inman writes.

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Agents MLS Brokerage Industrial 193

Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit.

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Title Finance Loans Lending 472

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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

MARCH 28, 2024

The plaintiffs and defendants in the antitrust commission case indicated they would be available for a 3- to 4-week trial beginning Jan. 21, 2025, according to court filings earlier this week.

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MLS Brokerage Agents 194

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , the parent of digital lender Better.com , narrowed its net loss between the third and fourth quarters of 2023 by more than 80%, driven by expense cuts to its platform and marketing efforts. Going forward, Better is focused on driving market share and reaching profitability in the medium term. The digital lender made changes in its commercial operating model to achieve this goal and will continue to invest in Tinman, its proprietary technology platform.

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Loan Officer VA loan Loans Technology 453

Inman

MARCH 28, 2024

The Jon Campbell Team, previously the Don Wenner Team, closed 2,250 home sales across $585 million in sales volume in 2023. Technology and culture helped draw the team to Real.

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Brokerage Technology Closing Sales 183

Housing Wire

MARCH 28, 2024

Late last week, Indiana Sen. Mike Braun (R) submitted a letter to Ginnie Mae president Alanna McCargo asking about what he identified as recent bouts of instability in both the Home Equity Conversion Mortgage (HECM) and HECM-backed Securities (HMBS) programs, which stemmed from the collapse of a major lender and challenges that Ginnie Mae has described in maintaining a large portfolio of reverse mortgages.

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Mortgages Equity Industrial Development 446

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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

MARCH 28, 2024

Find out how this Oklahoma City broker's mindset helps him raise the bar on the service he provides and his own level of professional performance.

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Brokerage Marketing 195

Housing Wire

MARCH 28, 2024

Investigators at the U.S. Department of Labor announced on Wednesday that they found that PrimeLending , a Texas-based retail mortgage bank, violated whistleblower provisions in a case involving two employees who raised consumer fraud concerns. According to the DOL, the company terminated two California-based employees after they reported to a regional manager and the vice president of Human Resources that a branch manager pressured them to pass on fees to loan applicants caused by internal proc

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Loan Officer Banks Loans Mortgages 443

Real Estate News

MARCH 28, 2024

Mortgage apps dropped this week even as rates fell, but pending sales began to show signs of life.

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Mortgages Sales 207

Housing Wire

MARCH 28, 2024

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Times like this often result in a sense of fear and hesitancy; after all, if you don’t know what’s next, how are you supposed to take decisive action? In life, we sometimes find ourselves plunging headfirst in t o the unknown.

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Agents Branding Industrial Technology 444

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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

MARCH 28, 2024

In her first keynote as RE/MAX president, Amy Lessinger addressed market headwinds, buyer-broker commissions, homebuyer agreements and plans to revive the franchisor's U.S. operations.

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Marketing Brokerage Agents 183

Housing Wire

MARCH 28, 2024

Plaintiffs and defendants in the Moehrl commission lawsuit have waited more than five years for their day in court. Based on the parties’ latest status report, it looks like they will be waiting a bit longer. In a status report filed on Monday, the plaintiffs and the sole remaining defendant in the suit, HomeServices of America , each indicated they would be available for a three- to four-week trial starting Jan. 21, 2025.

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MLS Industrial Agents As-is 432

Inman

MARCH 28, 2024

Fueled by positive job growth and an increase in available housing, the National Association of Realtors' Pending Home Sales Index rose 1.6 percent in February, according to data released Thursday.

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Sales New Construction Construction 170

Housing Wire

MARCH 28, 2024

Kirkland, Washington-based Northwest MLS (NWMLS) is looking to have its voice heard in a lawsuit all the way on the other side of the country. On Wednesday, NWMLS filed a motion asking Boston-based U.S. District Court Judge Patti B. Saris, who is overseeing the Nosalek commission lawsuit , if it could file an amicus curiae brief in response to the Department of Justice’s statement of interest.

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MLS Agents 428

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Brokerage

Inman

MARCH 28, 2024

The new deal will allow Landing, a flexible living platform, to add 1,000 new units across its Autopilot program, which provides furnished, flexible living spaces for multifamily buildings.

Land 158

Land 158

Housing Wire

MARCH 28, 2024

The U.S. Department of Housing and Urban Development (HUD) on Thursday announced $173.8 million in new grant and loan awards under the Green and Resilient Retrofit Program (GRRP), which brings the level of total funding awarded under it to $544 million, now comprising more than 50% of the full allocation. Speaking in Chicago on Thursday, Acting HUD Secretary Adrianne Todman announced the new funding alongside the city’s mayor, Brandon Johnson, at a community that was a awarded an $11.76 million

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Loans Renovation Development 424

RIS Media

MARCH 28, 2024

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) on March 28, showing the 30-year fixed-rate mortgage averaged 6.79%, down 8 basis points from the previous week—one basis point is equal to one hundredth of a percentage point. It follows the slight raise last week and declines the previous two weeks as… The post Mortgage Rates Drop Slightly This Week appeared first on RISMedia.

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Fixed-rate mortgage Mortgages Marketing As-is 128

Housing Wire

MARCH 28, 2024

Guaranteed Rate appointed Carlos Mata as its Atlanta branch manager, the company announced on Thursday. Mata was recognized as one of the top 250 Latino mortgage originators in 2024, according to the National Association of Hispanic Real Estate Professionals (NAHREP). “I have deep roots in Atlanta , strengthened by an active role with the NAHREP and my dream job, being a trusted provider of homebuyer advice, resources and solutions,” Mata said in a statement.

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Loans Lending Mortgages Industrial 393

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