Housing Wire

AUGUST 8, 2024

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I know that surprises people,” Orphe Divounguy, a senior economist at Zillow, said of the impact of business practice changes on the market.

Debt-to-income ratio 484

Debt-to-income ratio Marketing Mortgages Days on market 484

Real Estate News

AUGUST 8, 2024

The 30-year mortgage fell to its lowest level since May 2023, which “should begin to pique their interest in making a move” — but buyers might not be ready.

Mortgages 293

Mortgages 293

Housing Wire

AUGUST 8, 2024

Guild Holdings Co. , the parent company of Guild Mortgage , delivered a profit in the second quarter of 2024, mainly due to the performance of its growing servicing portfolio. Meanwhile, its origination volume increased by 69% from April to June compared to the previous quarter but at lower margins. Net income in Q2 2024 increased to $37.6 million, compared to $28.5 million in the previous quarter, according to filings with the Securities and Exchange Commission (SEC).

Principal 446

Principal Loans Mortgages Technology 446

Keeping Current Matters

AUGUST 8, 2024

If you’re planning to sell your house and move, you probably know there’s been a shortage of options available.

New Construction 310

New Construction Construction 310

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

AUGUST 8, 2024

Christopher George, the founder of California-based multichannel mortgage lender CMG Financial , has struck a deal to acquire Greenwoods Financial Group , the owner of Greenwoods State Bank. Financials of the deal were not disclosed. George will become an indirect wholly owner of a $575 million FDIC-state chartered bank based in Lake Mills, Wisconsin, that offers products for customers, businesses, and wealth management.

Banks 456

Banks Equity Mortgages Loans 456

Real Estate News

AUGUST 8, 2024

Watch the conversation with industry icon Stefan Swanepoel on the “self-centered, arrogant” leaders in real estate, NAR’s missteps and opportunities ahead.

Industrial 259

Industrial 259

Real Estate News

AUGUST 8, 2024

NAR reps discussed upcoming rule changes and reiterated that it does not promote or set compensation: “NAR is agnostic as to where the commission levels are.

Marketing 222

Marketing As-is 222

Housing Wire

AUGUST 8, 2024

Following the slight loss contributed by Longbridge Financial to the first-quarter earnings of parent company Ellington Financial , the reverse mortgage lender turned its fortunes around in the second quarter, which led to praise from the Ellington executive team in a Q2 2024 earnings report released this week. Ellington reported net income contributable to common stockholders of $52.3 million, and $69.1 million from its investment portfolio.

Loans 438

Loans Commercial Mortgages Equity 438

Real Estate News

AUGUST 8, 2024

Preliminary approval of the deal was granted on Aug. 8, with a final hearing set for Nov. 26. Plus, Batton 2 plaintiffs respond to motions to dismiss.

219

219

Housing Wire

AUGUST 8, 2024

Fathom Holdings Inc. , parent company of North Carolina -based Fathom Realty , announced Wednesday that it has started two new commission plans for agents. The two agent payment plans, Fathom Max and Fathom Share, complement the real estate firm’s existing plan known as Fathom One. The new plans are “designed to enhance agent recruitment and retention while promoting accelerated and sustainable growth and long-term profitability for the company,” according to its announcement.

Agents 437

Agents Title Lending Brokerage 437

Advertisement

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

Real Estate News

AUGUST 8, 2024

Phil Hawkins joins the association following 9 years as CEO of a local California Realtor association, says he is "ready to seize opportunities that lie ahead.

As-is 199

As-is 199

Housing Wire

AUGUST 8, 2024

Global credit rating agency DBRS Morningstar this week assigned a “good” rating to reverse mortgage industry leader Finance of America (FOA), reconfirming the ranking the company was assigned at a similar point last year. The rating is officially classified as “MOR RVO2” by Morningstar. The agency noted the recent business history of FOA — including the abandonment of its forward mortgage business and its acquisition of American Advisors Group (AAG) — while mentioning the relative stability of i

Mortgages 435

Mortgages Loans Finance Industrial 435

Inman

AUGUST 8, 2024

Digital mortgage lender boosted second quarter loan production by 45 percent and says it's on track to originate more than $1 billion in mortgages in Q3 for the first time in two years, but losses continue to mount.

Investor 178

Investor Loans Mortgages Finance 178

Housing Wire

AUGUST 8, 2024

On last week’s episode of the Power House podcast , host Clayton Collins and guest Joe Tyrrell, the CEO of Optimal Blue , go in depth on how the mortgage technology firm pushes AI-driven data solutions, innovation and leadership for lenders interested in making better data-driven lending decisions. The duo also discuss growth and profit potential for lenders through the primary and secondary markets.

Lending 434

Lending Technology Mortgages As-is 434

Advertisement

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

AUGUST 8, 2024

Realtor.com parent company Move Inc. saw its fiscal Q4 revenue decrease 2 percent yearly to $143 million as traffic to the site stalls at 74 million average monthly unique visitors.

Marketing 176

Marketing 176

Housing Wire

AUGUST 8, 2024

After more than three months of searching, the California Association of Realtors (CAR) has found its new CEO. On Thursday, the trade group announced that it has named Phil Hawkins as its new CEO. Hawkins is currently the head of the Pacific West Association of Realtors (PWR), which is one the the largest local Realtor associations in California. He will succeed Debra Ferrier, who has served as interim CEO of CAR since John Sebree stepped down in mid-April.

Industrial 423

Industrial Development As-is 423

Inman

AUGUST 8, 2024

Waltz provides a digital on-ramp for foreign real estate investors to buy property in the United States. It helps them establish a banking presence, an LLC, gain an EIN, transfer currencies and safely wire funds.

Banks 175

Banks Investor Property Management Lending 175

Housing Wire

AUGUST 8, 2024

After being dragged back into a homebuyer commission lawsuit, Hanna Holdings , the parent company of Howard Hanna Real Estate Services , is again looking for an exit. On Monday, the firm filed a motion to dismiss Davis commission lawsuit or relocate it to the Western District of Pennsylvania. The suit, which is named after its plaintiff Scott Davis, was filed in late May in the Eastern District of Pennsylvania on behalf of Davis by attorneys at Korein Tillery LLC , the same law firm representin

MLS 407

MLS Residential As-is Marketing 407

Advertisement

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

AUGUST 8, 2024

Find out how this award-winning Dallas team leader and his team think outside the box when it comes to marketing their listings and why he wishes more agents would do the same.

Agents 174

Agents Marketing 174

RIS Media

AUGUST 8, 2024

Selling a home can be challenging, but with the right seasonal strategies, you can make your property stand out. Whether it’s fall, winter, or the holiday season, tailoring your home to the time of year can attract more buyers and potentially speed up the sale. I have put effort into giving you the best advice… The post Seasonal Home Selling Tips: How to Prepare Your Home for Sale in Any Season appeared first on RISMedia.

Sales 142

Sales Development Industrial Agents 142

Inman

AUGUST 8, 2024

Post-NAR settlement, it’s never been more critical to generate listings, Jimmy Burgess says. That’s why he sat down with Curaytor’s Jimmy Mackin to highlight these winning strategies.

Agents 169

Agents Marketing 169

RIS Media

AUGUST 8, 2024

A critical aspect of real estate transactions is the need for strategic enhancements to maximize property value. From landscaping to major repairs like roofing or foundation fixes, these investments are pivotal in the “improve-to-sell” approach favored by agents and homeowners alike. Yet, the greatest challenge often lies in financing these improvements.

Finance 124

Finance Sales Agents Development 124

Advertisement

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

AUGUST 8, 2024

Discover key brokerage takeaways from Inman Connect Las Vegas that will help you enhance you practices, leverage technology and navigate the evolving real estate landscape.

Brokerage 172

Brokerage Technology Agents 172

RIS Media

AUGUST 8, 2024

The 30-year fixed-rate mortgage (FRM) dropped drastically to the lowest level seen in over a year, from last week’s average of 6.73% to a current average of 6.47%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.47%, down from last week when… The post Mortgage Rates Plummet to Lowest Level in Over a Year appeared first on RISMedia.

Fixed-rate mortgage 122

Fixed-rate mortgage Mortgages Marketing Industrial 122

Inman

AUGUST 8, 2024

Ultra-luxury sales, or residential sales valued at or above $10 million, totaled $14.6 billion across 838 transactions, an increase of 3.9 percent during the first half of the year.

Sales 171

Sales Residential Marketing 171

HomeLight

AUGUST 8, 2024

A loan-to-value (LTV) ratio is a lender’s risk meter. It’s a number assigned to a secured loan that can either open or close doors to the funds you need to purchase or refinance a home. The LTV percentage can also push your interest rate up or down. In this easy guide, we’ll help you get a clear understanding of loan-to-value ratio, how to calculate it, and what different LTV ratios mean for you.

Loans 111

Loans Lending Equity Mortgages 111

Advertisement

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

Brokerage

Inman

AUGUST 8, 2024

Franchisor reported its U.S. agent count fell 6.3 percent during the second quarter as revenue fell 4.8 percent compared to a year earlier, according to its earnings report.

Agents 172

Agents Brokerage Marketing 172

HomeLight

AUGUST 8, 2024

Selling your home in Massachusetts? Knowing the full scope of closing costs is important for a smooth transaction. Closing costs are the fees and expenses paid when you finalize the sale of your property. These can include charges like transfer taxes , loan payoff amounts, and real estate agent commissions. Our guide will explain how closing costs work in Massachusetts and what sellers can expect to pay, helping you prepare financially and avoid surprises.

Closing costs 111

Closing costs Closing Sales Loans 111

Inman

AUGUST 8, 2024

Spanish climate activist group Futuro Vegetal smeared the star footballer's mansion in red and black paint to blame the rich for the climate crisis, while also highlighting the lack of action on the part of the Spanish government, the group said.

166

166

HomeLight

AUGUST 8, 2024

It’s likely you’ve enjoyed living in your Texas home and have been happy that there is no state-level personal income tax. But now the time has come to make a move, and you’re wondering if there are taxes on selling a house in Texas. In this guide, we’ll explain what to expect and share tips from an expert Texas real estate agent. To make it easy to follow, we’ve divided this post into seven common questions homeowners ask when selling a house in the Lone Star State.

Sales 111

Sales Agents As-is Marketing 111

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